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 2022
Eden Foundation Contents Page For the year ended 31 July 2022
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 12 |
Eden Foundation Report of the Trustees
For the year ended 31 July 2022
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 2022. 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 Islamic education to children. The charity has been conducting its activities from a property which they have now successfully purchased in August 2021. The focus alongside the activities within this document is to renovate the building and also clear any debt the charity has.
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 sincerely grateful for the support of its volunteers who are involved in service provision and fundraising.
ACHIEVEMENTS AND PERFORMANCE
Eden Foundation has continued to provide activities like the previous years, both in-house and outsourced. We pride ourselves in empowering the volunteers, professionals and local businesses and encourage new ideas and suggestions.
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Eden Foundation Report of the Trustees Continued For the year ended 31 July 2022
Significant activities
Community youth activities
Eden's Youth Facilities have continued to be provided for both Boys and Girls. Indoor sports such as Table tennis, Snooker and other tabletop games. Outdoor sports are provided in local parks as we do not have the space to offer within the premise. We organise local football tournaments with local businesses and organisations where suitable facilities are hired out to house the tournament.
The volunteers organise various activities throughout the year. A day trip was organised to Barry Islands, where Parents were invited to travel along with their children. We intend to organise more trips such as this in the future.
Adult Activities
Adult services at Eden Foundation are a very important item, we recognise this and provide educational classes where Adults can learn the basics of their religion and improve their English in relation to speaking and listening.
Mid-week sisters' coffee mornings are also continual, providing very much space for women from the community to come to have a chat and make new friends.
Spiritual 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. We offer special prayers in the Holy month of Ramadhan for both males and females. The values and ethos we share in philanthropic acts are emphasised through the services we provide and value.
Children's Islamic education
With the continuation of Eden Library; it has grown, and more and more children are using the facility. We understand that reading and comprehension is an important stage in child development and therefore this opportunity was made available.
We hold monthly assemblies with the students and invite their parents to attend. Students who have achieved well in a specific month will receive a certificate. We invite speakers from different backgrounds and professions to speak to the students.
We held an end-of-year assembly to congratulate all our students that attend Eden Foundation. On the day there were various roles played by groups of students. Awards and prizes were given out to numerous students for various results and achievements throughout the year.
We invite Parents and the local community to come and celebrate this day together. We have several volunteers and local businesses to support the event.
Serious Incidents
The Trustees have no serious incident to report.
Impact of Covid-19
The challenges we face are similar to other small charities. The increased cost of energy and day-to-day has significantly increased.
To conclude, the charity has successfully purchased the intended property; this will enable them to focus on providing more long-standing initiatives as the charity now has a permanent place.
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
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Eden Foundation Report of the Trustees Continued For the year ended 31 July 2022
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 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
............................................................................. 30 May 2023 Mr Shakir Hussain
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Eden Foundation Independent Examiners Report to the Trustees For the year ended 31 July 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2022.
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
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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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
30 May 2023
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Eden Foundation
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2022
| Notes | Unrestricted | Restricted | 31/07/2022 | 31/7/2021 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 74,191 | 9,988 | 84,179 | 204,159 |
| Charitable activities | 3 | ||||
| General charitable activites | 94,937 | - | 94,937 | 78,913 | |
| Investments | 4 | ||||
| Income from investment | 9,163 | - | 9,163 | - | |
| properties | |||||
| Total | 178,291 | 9,988 | 188,279 | 283,072 | |
| Expenditure on: | |||||
| Raising funds | 5 | ||||
| Costs of generating donations | (3,203) | - | (3,203) | (2,820) | |
| and legacies | |||||
| Charitable activities | 6/7 | ||||
| General charitable activites | (113,099) | (43,944) | (157,043) | (94,474) | |
| Total | (116,302) | (43,944) | (160,246) | (97,294) | |
| Transfers between funds | (6,679) | 6,679 | - | - | |
| Net movement in funds | 55,310 | (27,277) | 28,033 | 185,778 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 85,755 | 519,762 | 605,517 | 419,740 | |
| Total funds carried forward | 141,065 | 492,485 | 633,550 | 605,518 |
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Registered Number : 07328236
Eden Foundation Statement of Financial Position As at 31 July 2022
| Notes | 31/7/2022 | 31/7/2021 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 11 | 738,391 | 2,414 |
| 738,391 | 2,414 | ||
| Current assets | |||
| Debtors | 12 | - | 77,000 |
| Cash at bank and in hand | 149,690 | 745,315 | |
| 149,690 | 822,315 | ||
| Creditors: amounts falling due within one year | 13 | (254,531) | (219,211) |
| Net current assets | (104,841) | 603,104 | |
| Total assets less current liabilities | 633,550 | 605,518 | |
| Net assets | 633,550 | 605,518 | |
| The funds of the charity | |||
| Restricted income funds | 14 | 492,485 | 519,762 |
| Unrestricted income funds | 14 | 141,065 | 85,756 |
| Total funds | 633,550 | 605,518 |
For the year ended 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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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
30 May 2023
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Eden Foundation Notes to the Financial Statements For the year ended 31 July 2022
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:
. Land and buildings 2% per annum on cost Furniture and fittings 25% Reducing balance Computer equipment 25% Reducing balance
2. Income from donations and legacies
| Donations received Grants received |
31/07/2021 31/07/2022 Restricted funds Unrestricted funds £ £ £ £ 193,593 84,179 9,988 74,191 10,566 - - - 204,159 84,179 9,988 74,191 |
|---|---|
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Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2022
3. Income from charitable activities
| 31/07/2022 | 31/07/2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Unrestricted funds | ||||
| General charitable activites | ||||
| Student fees | 93,911 | 78,913 | ||
| Educational materials | 786 | - | ||
| Community services | 240 | - | ||
| 94,937 | 78,913 | |||
| 94,937 | 78,913 | |||
| nvestment income | ||||
| 31/07/2022 | 31/07/2021 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Income from investment | 9,163 | - | ||
| properties | ||||
| 9,163 | - | |||
| xpenditure on generating donations and legacies | ||||
| 31/07/2022 | 31/07/2021 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| Support costs | 3,203 | 2,820 | ||
| 3,203 | 2,820 | |||
| osts of charitable activities by fund type | ||||
| Unrestricted | Restricted | 31/07/2022 | 31/07/2021 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| General charitable activites | 99,881 | - | 99,881 | 87,075 |
| Support costs | 13,218 | 43,944 | 57,162 | 7,399 |
| 113,099 | 43,944 | 157,043 | 94,474 |
4. Investment income
5. Expenditure on generating donations and legacies
6. Costs of charitable activities by fund type
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Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2022
7. Costs of charitable activities by activity type
| Support costs General charitable activites nalysis of support costs Admin and Management Premises costs Governance costs |
Support costs Activities undertaken directly £ £ 57,162 99,881 General charitable activites Raising funds £ £ 3,203 26,602 - 28,570 - 1,990 3,203 57,162 |
31/07/2022 £ 157,043 31/07/2022 £ 29,805 28,570 1,990 60,365 |
31/07/2021 £ 94,474 31/07/2021 £ 6,357 3,142 720 |
|---|---|---|---|
| 10,219 |
8. Analysis of support costs
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 31/7/2022 | 31/7/2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 16,023 | 1,058 |
| Accountancy fees | 990 | 720 |
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Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2022
10. Comparative for the Statement of Financial Activities
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Charitable activities Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward Tangible fixed assets Cost or valuation At 01 August 2021 Additions At 31 July 2022 Depreciation At 01 August 2021 Charge for year At 31 July 2022 Net book values At 31 July 2022 At 31 July 2021 Debtors Amounts due within one year: Other debtors |
Unrestricted funds £ 10,566 78,913 89,479 (2,820) (94,474) (97,294) (7,815) 93,571 85,756 Land and Buildings £ - 752,000 752,000 - 15,040 15,040 736,960 - |
Restricted funds £ 193,593 - 193,593 - - - 193,593 326,169 519,762 Computer equipment £ 4,231 - 4,231 1,817 983 2,800 1,431 2,414 31/7/2022 £ - - |
31/07/2021 £ 204,159 78,913 |
|---|---|---|---|
| 283,072 | |||
| (2,820) (94,474) |
|||
| (97,294) | |||
| 185,778 419,740 |
|||
| 605,518 | |||
| Total £ 4,231 752,000 |
|||
| 756,231 | |||
| 1,817 16,023 |
|||
| 17,840 | |||
| 738,391 | |||
| 2,414 | |||
| 31/7/2021 £ 77,000 |
|||
| 77,000 |
11. Tangible fixed assets
12. Debtors
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Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2022
13. Creditors: amounts falling due within one year
| Other creditors Accruals and deferred income |
31/7/2022 £ 244,475 10,056 254,531 |
31/7/2021 £ 214,425 4,786 |
|---|---|---|
| 219,211 |
14. Movement in funds
| Unrestricted Funds General Ordinary fund Unrestricted Funds - Previous year General Ordinary fund Restricted Funds Building project fund Restricted Funds - Previous year Building project fund |
Balance at 01/08/2021 £ 85,755 85,755 Balance at 01/08/2020 £ 93,571 93,571 Balance at 01/08/2021 £ 519,762 519,762 Balance at 01/08/2020 £ 326,169 326,169 |
Incoming resources £ 178,291 178,291 Incoming resources £ 89,479 89,479 Incoming resources £ 9,988 9,988 Incoming resources £ 193,593 193,593 |
Outgoing resources £ (116,302) (116,302) Outgoing resources £ (97,294) (97,294) Outgoing resources £ (43,944) (43,944) Outgoing resources £ - - |
Transfers £ (6,679) (6,679) Transfers £ - - Transfers £ 6,679 6,679 Transfers £ - - |
Balance at 31/07/2022 £ 141,065 |
|---|---|---|---|---|---|
| 141,065 | |||||
| Balance at 31/07/2021 £ 85,756 |
|||||
| 85,756 | |||||
| Balance at 31/07/2022 £ 492,485 |
|||||
| 492,485 | |||||
| Balance at 31/07/2021 £ 519,762 |
|||||
| 519,762 |
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Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2022
15. Analysis of net assets between funds
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Ordinary fund | 1,431 | 139,634 | 141,065 |
| Restricted funds | |||
| Building project fund | 736,960 | (244,475) | 492,485 |
| 738,391 | (104,841) | 633,550 | |
| Previous year | |||
| Tangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| Ordinary fund | 2,414 | 83,342 | 85,756 |
| Restricted funds | |||
| Building project fund | - | 519,762 | 519,762 |
| 2,414 | 603,104 | 605,518 |
16. Company limited by guarantee
Eden Foundation is a company limited by guarantee and accordingly does not have a share capital.
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