**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 2024** **Eden Foundation Contents Page For the year ended 31 July 2024** |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 13| ## **Eden Foundation Report of the Trustees** ## **For the year ended 31 July 2024** 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 2024. 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 Education and providing extra-curricular activities to children. The charity has been conducting its activities from a property purchased in 2021 that required renovation. Including wash facilities, carpet, lights and windows. ## **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 its core activities as mentioned in previous reports. 1 of 13 ## **Eden Foundation Report of the Trustees Continued For the year ended 31 July 2024** ## **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 table top 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 through-out 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 started renovation works to improve much needed facilities for its service users. ## **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 2 of 13 **Eden Foundation Report of the Trustees Continued For the year ended 31 July 2024** ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr Shakir Hussain Mr Abu Mowdud Mr Mohammed Abdur Rahman Mr Nashad Ahmed **Independent examiners** Mibsons Limited Chartered Certified Accountants 51 Coopers Road Handsworth Wood Birmingham B20 2JU **Bankers** 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 2025 Mr Shakir Hussain 3 of 13 ## **Eden Foundation Independent Examiners Report to the Trustees** ## **For the year ended 31 July 2024** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2024. ## **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 Chartered Certified Accountants 51 Coopers Road Handsworth Wood Birmingham B20 2JU 29 May 2025 4 of 13 ## **Eden Foundation** ## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2024** ||**Notes**|**Unrestricted**|**Restricted**|**31/07/2024**|**31/7/2023**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|2|177,276|5,382|182,658|60,125| |Charitable activities|3||||| |General charitable activites||130,002|-|130,002|86,548| |Investments|4||||| |Income from investment||9,996|-|9,996|9,996| |properties|||||| |**Total**||**317,274**|**5,382**|**322,656**|**156,669**| |**Expenditure on:**|||||| |Raising funds|5||||| |Costs of generating donations||(7,333)|-|(7,333)|(3,438)| |and legacies|||||| |Charitable activities|6/7||||| |General charitable activites||(151,157)|(21,872)|(173,029)|(140,562)| |**Total**||**(158,490)**|**(21,872)**|**(180,362)**|**(144,000)**| |**Net income/expenditure**||**158,784**|**(16,490)**|**142,294**|**12,669**| |**Reconciliation of funds**|||||| |Total funds brought forward||169,194|477,025|646,219|633,550| |**Total funds carried forward**||**327,978**|**460,535**|**788,513**|**646,219**| 5 of 13 07328236 Registered Number : ## **Eden Foundation Statement of Financial Position As at 31 July 2024** ||**Notes**|**31/7/2024**|**31/7/2023**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|12|857,240|778,554| |||**857,240**|**778,554**| |**Current assets**|||| |Debtors|13|11,013|927| |Cash at bank and in hand||39,789|35,182| |||**50,802**|**36,109**| |**Creditors: amounts falling due within one year**|14|(119,529)|(168,444)| |**Net current assets**||**(68,727)**|**(132,335)**| |**Total assets less current liabilities**||**788,513**|**646,219**| |**Net assets**||**788,513**|**646,219**| |**The funds of the charity**|||| |Restricted income funds|15|460,535|477,025| |Unrestricted income funds|15|327,978|169,194| |**Total funds**||**788,513**|**646,219**| For the year ended 31 July 2024 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 2025 6 of 13 ## **Eden Foundation Notes to the Financial Statements For the year ended 31 July 2024** ## **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** ||**Unrestricted**|**Restricted**|**31/07/2024**|**31/07/2023**| |---|---|---|---|---| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Donations received|177,276|5,382|182,658|60,125| ||**177,276**|**5,382**|**182,658**|**60,125**| 7 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **3. Income from charitable activities** ||||**31/07/2024**|**31/07/2023**| |---|---|---|---|---| ||||**£**|**£**| |**Unrestricted funds**||||| |_General charitable activites_||||| |Student fees|||129,552|86,548| |Advertising income|||450|-| ||||**130,002**|**86,548**| ||||**130,002**|**86,548**| |**nvestment income**||||| ||||**31/07/2024**|**31/07/2023**| ||||**£**|**£**| |**Unrestricted funds**||||| |Income from investment|||9,996|9,996| |properties||||| ||||**9,996**|**9,996**| |**xpenditure on generating donations and legacies**||||| ||||**31/07/2024**|**31/07/2023**| ||||**£**|**£**| |**Unrestricted funds**||||| |Support costs|||7,333|3,438| ||||**7,333**|**3,438**| |**osts of charitable activities by fund type**||||| ||**Unrestricted**|**Restricted**|**31/07/2024**|**31/07/2023**| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |General charitable activites|122,638|-|122,638|100,742| |Support costs|28,519|21,872|50,391|39,820| ||**151,157**|**21,872**|**173,029**|**140,562**| ## **4. Investment income** ## **5. Expenditure on generating donations and legacies** ## **6. Costs of charitable activities by fund type** 8 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **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**
**£**
**£**
50,391
122,638
**General**
**charitable**
**activites**
**Raising**
**funds**
**£**
**£**
7,333
40,509
-
8,892
-
990
**7,333**
**50,391**|**31/07/2024**
**£**
173,029
**31/07/2024**
**£**
47,842
8,892
990
**57,724**|**31/07/2023**
**£**
140,562
**31/07/2023**
**£**
35,680
6,588
990| |---|---|---|---| ||||**43,258**| ## **8. Analysis of support costs** ## **9. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**31/7/2024**|**31/7/2023**| ||**£**|**£**| |Depreciation of owned fixed assets|17,730|13,114| |Accountancy fees|990|990| |**10. Staff costs and emoluments**||| ||**31/7/2024**|**31/7/2023**| |Admin and management|5|0| ||**5**|**0**| 9 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **11. Comparative for the Statement of Financial Activities** ||**Unrestricted**|**Restricted**|**31/07/2023**| |---|---|---|---| ||**funds**|**funds**|| ||**£**|**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies|57,593|2,532|60,125| |Charitable activities|86,548|-|86,548| |Investments|9,996|-|9,996| |**Total**|**154,137**|**2,532**|**156,669**| |**Expenditure on:**|||| |Raising funds|(3,438)|-|(3,438)| |Charitable activities|(122,570)|(17,992)|(140,562)| |**Total**|**(126,008)**|**(17,992)**|**(144,000)**| |**Net income/expenditure**|**28,129**|**(15,460)**|**12,669**| |**Reconciliation of funds**|||| |Total funds brought forward|141,065|492,485|633,550| |**Total funds carried forward**|**169,194**|**477,025**|**646,219**| ## **12. Tangible fixed assets** |**Cost or valuation**
At 01 August 2023
Additions
At 31 July 2024
**Depreciation**
At 01 August 2023
Charge for year
At 31 July 2024
**Net book values**
At 31 July 2024
At 31 July 2023|**Land and**
**Buildings**
**£**
804,500
88,164
**892,664**
27,130
15,853
**42,983**
**849,681**
**777,370**|**Computer**
**equipment**
**£**
5,008
8,251
**13,259**
3,824
1,876
**5,700**
**7,559**
**1,184**|**Total**
**£**
809,508
96,415| |---|---|---|---| ||||**905,923**| ||||30,954
17,729| ||||**48,683**| ||||**857,240**| ||||**778,554**| 10 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **13. Debtors** ||**31/7/2024**|**31/7/2023**| |---|---|---| ||**£**|**£**| |**Amounts due within one year:**||| |Prepayments and accrued income|1,013|927| |Other debtors||| |Other debtors|10,000|-| ||**11,013**|**927**| ## **14. Creditors: amounts falling due within one year** |Trade creditors
Other creditors
PAYE & social security
Wages & salaries control account
Other creditors
Accruals and deferred income|**31/7/2024**
**£**
2,236
2,989
5,232
101,082
7,990
**119,529**|**31/7/2023**
**£**
7,929
-
-
147,525
12,990| |---|---|---| |||**168,444**| ## **15. Movement in funds** ## **Unrestricted Funds** |_General_
Ordinary fund
**Unrestricted Funds - Previous year**
_General_
Ordinary fund|**Balance at**
**01/08/2023**
**£**
169,194
**169,194**
**Balance at**
**01/08/2022**
**£**
141,065
**141,065**|**Incoming**
**resources**
**£**
317,274
**317,274**
**Incoming**
**resources**
**£**
154,137
**154,137**|**Outgoing**
**resources**
**£**
(158,490)
**(158,490)**
**Outgoing**
**resources**
**£**
(126,008)
**(126,008)**|**Balance at**
**31/07/2024**
**£**
327,978| |---|---|---|---|---| |||||**327,978**| |||||**Balance at**
**31/07/2023**
**£**
169,194| |||||**169,194**| 11 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **Restricted Funds** |Building project fund
**Restricted Funds - Previous year**
Building project fund
**16. Analysis of net assets between funds**
**Unrestricted funds**
_General_
Ordinary fund
**Restricted funds**
Building project fund
**Previous year**
**Unrestricted funds**
_General_
Ordinary fund
**Restricted funds**
Building project fund|**Balance at**
**01/08/2023**
**£**
477,025
**477,025**
**Balance at**
**01/08/2022**
**£**
492,485
**492,485**|**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/07/2024**
**£**
**£**
**£**
460,535
5,382
(21,872)
**5,382**
**(21,872)**
**460,535**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/07/2023**
**£**
**£**
**£**
477,025
2,532
(17,992)
**2,532**
**(17,992)**
**477,025**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
7,559
32,355
39,914
849,681
(101,082)
748,599
**857,240**
**(68,727)**
**788,513**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,184
15,190
16,374
777,370
(147,525)
629,845
**778,554**
**(132,335)**
**646,219**|**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/07/2024**
**£**
**£**
**£**
460,535
5,382
(21,872)
**5,382**
**(21,872)**
**460,535**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/07/2023**
**£**
**£**
**£**
477,025
2,532
(17,992)
**2,532**
**(17,992)**
**477,025**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
7,559
32,355
39,914
849,681
(101,082)
748,599
**857,240**
**(68,727)**
**788,513**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,184
15,190
16,374
777,370
(147,525)
629,845
**778,554**
**(132,335)**
**646,219**|**Balance at**
**31/07/2024**
**£**
460,535| |---|---|---|---|---| |||||**460,535**| |||||**Balance at**
**31/07/2023**
**£**
477,025| |||||**477,025**| |||||| ||||**857,240**
**(68,727)**
**788,513**|| ||||**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1,184
15,190
16,374
777,370
(147,525)
629,845|| ||||**778,554**
**(132,335)**
**646,219**|| 12 of 13 ## **Eden Foundation Notes to the Financial Statements Continued For the year ended 31 July 2024** ## **17. Company limited by guarantee** Eden Foundation is a company limited by guarantee and accordingly does not have a share capital. 13 of 13