2024-03-31-accounts - Eden International

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EDEN INTERNATIONAL

Charity No. 1150363

Trustees' Report and Unaudited Accounts

31 March 2024

EDEN INTERNATIONAL Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 13
Statement of Cash flows	14
Detailed Statement of Financial Activities	15 to 16

Page 1

EDEN INTERNATIONAL Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1150363

Principal Office

Unit A4, Broomsleigh Business Park, Sydenham, London, SE26 5BN

Trustees

The following Trustees served during the year:
Patricia Ivan
Samuel Adeniji
Omotayo Richards

Independent Examiner

Alfred Kwesi Hanson FCCA Hanson & Associates Chartered Certified Accountants Anerley Business Centre Anerley Road London SE20 8DB

OBJECTIVES AND ACTIVITIES

Missions and outreach work
Community work
Faith education

Page 2

EDEN INTERNATIONAL Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

2024 was a transformative year for the charity. The Board resigned trustees who have disengaged due to family circumstances in accordance with its constitution. In 2024, the Board embarked on rebranding the charity to a name that better portrays its values, vision and missions.

The streamlining of the board of trustees has enabled the trustees to reflect on the needs of the charity and trustee roles. These aspects have been carefully considered by the Board of trustees and it is anticipated that strategic elections will be made in 2025. These elections aim to propel forward the mission, aims and objectives of the charity. The recruitment process will be largely based on competence and experience. This approach will help the charity deliver high quality outcomes to its beneficiaries.

The UK activities continue it’s investment in Christian education and with a strong focus on empowering the younger generation (10yrs – 30yrs). There has also been a strong focus on building alliances that will help to maintain a sustainable delivery of the Charity’s mission and objective on a longer-term. The corporate governance and accountability structure for its UK operations continues to comply with the Charity Commissions guidelines. Additional policies and committees were also implemented in 2024 to ensure continuity of a robust approach to governance. Our reporting to stakeholders was also enhanced in 2024. Better forecasting and planning processes were designed and implemented. Further implementation is expected in 2025.

The charity in 2024 maintained its stance on establishing better governance with regards to its activities in Kenya. The stipulated measures as reported in the 2023 annual report were strongly enforced for its Kenya activities due to identification of this region as being weak in controls around governance.

Despite implementing processes that will allow for greater accountability and financial prudence, the leadership of that team were unwilling to adhere to this process. The outcome of the enforcement was a conclusion that the Kenya team as it was then, not capable of complying with the UK Charity Commission Regulations.

A Board decision to dis-engage with the activities in the current format as at Q1 2024 was reached and communicated to the lead of the Kenya team at the time. No further communication took place since Q1 2024 with that team.

The Board explored the recovery of the investments made into the Kenya project. These investments include a derelict building with 9 rooms, a van and 2 leased farmlands. The Board concluded that it does not have the manpower, financial resource or local knowledge to pursue this recovery at this time.

During the work in Kenya over the last decade, the chair had identified an opportunity to collaborate with 2 Kenya nationals with experience of working with international Non-Governmental Organisations (NGO) who have worked extensively with orphans. Further due diligence was completed in 2024 and a project to sponsor 7 children via guardians through their education was commenced in Q3 2024. A process of registering the NGO locally in Kenya commenced. Videos and audio recording of the process was voluntarily submitted by the new Kenya Lead. This has provided the much-needed reassurance that the due process is being followed. The Board finds the level of accountability and corporate governance satisfactory. Further exploration of the scope of the work is set to continue through 2025.

Signed on behalf of the charity's trustees

P.O. Ivan Trustee 31 March 2024

Page 3

EDEN INTERNATIONAL Trustees Annual Report

Independent Examiner's Report to the Trustees

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 set out on page 5 to 14.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you 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 for this year 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 as 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 examiner's statement

I am qualified to undertake the examination by being a qualified member of ACCA.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe

that:

• accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

• the accounts do not accord with such records; or

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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;

• the accounts have not been prepared in accordance with the Charities SORP (FRS102).

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.

Alfred Kwesi Hanson FCCA

Hanson & Associates Chartered Certified Accountants Anerley Business Centre Anerley Road London SE20 8DB

31 January 2025

Page 4

EDEN INTERNATIONAL Statement of Financial Activities

for the year ended 31 March 2024

Unrestricted Restricted funds funds Total funds 20241 20241 2024 £ £ £ 59,875 8,071 67,946 59,875 8,071 67,946 14,462 4,565 19,027 26,452 - 26,452 40,914 4,565 45,479 - - - 18,961 3,506 22,467 - - - 18,961 3,506 22,467 18,961 3,506 22,467 39,969 (21,827) 18,142 58,930 (18,321) 40,609	Unrestricted Restricted funds funds Total funds 20241 20241 2024 £ £ £ 59,875 8,071 67,946 59,875 8,071 67,946 14,462 4,565 19,027 26,452 - 26,452 40,914 4,565 45,479 - - - 18,961 3,506 22,467 - - - 18,961 3,506 22,467 18,961 3,506 22,467 39,969 (21,827) 18,142 58,930 (18,321) 40,609	Unrestricted Restricted funds funds Total funds 20241 20241 2024 £ £ £ 59,875 8,071 67,946 59,875 8,071 67,946 14,462 4,565 19,027 26,452 - 26,452 40,914 4,565 45,479 - - - 18,961 3,506 22,467 - - - 18,961 3,506 22,467 18,961 3,506 22,467 39,969 (21,827) 18,142 58,930 (18,321) 40,609	Total funds 2023 £ 38,734
59,875 14,462 26,452	8,071 4,565 -	67,946 19,027 26,452	38,734 16,945 25,553
40,914 -	4,565 -	45,479 -	42,498 -
18,961 -	3,506 -	22,467 -	(3,764) -
18,961	3,506	22,467	(3,764)
18,961 39,969	3,506 (21,827)	22,467 18,142	(3,764 21,906
58,930	(18,321)	40,609	18,142

Page 5

EDEN INTERNATIONAL Balance Sheet

at 31 March 2024

Charity No. 1150363 Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Debtors Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds Restricted income funds 10 Unrestricted funds 10 General funds Reserves 10 Total funds	2024 £ 5,584 5,584 34,285 740 35,025 - 35,025 40,609 40,609 40,609 (18,321) (18,321) 58,930 40,609 40,609	2023 £ 5,008
		5,008 13,144 -
		13,144 (10)
		13,134
		18,142
		18,142
		18,142
		96
		96 18,046
		18,046
		18,142

Approved by the trustees on 31 March 2024

And signed on their behalf by:

P.O. Ivan Trustee 31 March 2024

Page 6

EDEN EDEN INTERNATIONAL

Notes to the Accounts

For the year ended 31 March 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services and These are only included in income (with an equivalent amount in facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

EDEN EDEN INTERNATIONAL Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Ministry Equipment 10% Straight Line Fixtures & Fittings 10% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 8

EDEN EDEN INTERNATIONAL Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

EDEN EDEN INTERNATIONAL

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total Funds b/forward Total funds c/ forward 3 Income from donations and legacies Tithes Offerings Gift Aid Donations to the Ministry Retreat Funds 4 Expenditure on charitable activities Expenditure on charitable activities Youth Ministry Kenya Missions DPWW Donations	Unrestricted 2024 £ 40,024 8,241 11,610 - - 59,875 Unrestricted 2024 £ 46 14,416 - 14,462	Unrestricted funds 2023 £ 36,605 36,605 5,237 25,553 30,790 5,815 Restricted 2024 £ - 3,893 - 4,178 8,071 Restricted 2024 £ - 1,965 2,600 4,565 5,815 5,815 34,154 39,969	Restricted funds 2023 £ 2,219 2,219 11,708 - 11,708 (9,579) (9,579)	Total funds 2023 £ 38,734 38,734 16,945 25,553 42,498 6,802 Total 2023 £ 27,041 4,046 6,837 - 810 38,734 Total 2023 £ 4,937 11,708 300 0 16,945 (3,764) (3,764) 21,906 18,142	Total funds 2023 £ 38,734 38,734 16,945 25,553 42,498 6,802 Total 2023 £ 27,041 4,046 6,837 - 810 38,734 Total 2023 £ 4,937 11,708 300 0 16,945 (3,764) (3,764) 21,906 18,142




			(10,662) (12,248)		(3,764) 21,906
			(21,827)		18,142
			Total 2024 £ 40,024 12,134 11,610 - 4,178 67,946 Total 2024 £ 46 1,965 2,600 14,416 19,027		Total 2023 £ 27,041 4,046 6,837 - 810 38,734 Total 2023 £ 4,937 11,708 300 0 16,945

Page 10

EDEN EDEN INTERNATIONAL

Notes to the Accounts

5 Governance Costs

Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 Cost or revaluation At 1 April 2023 Additions At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year	Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 Cost or revaluation At 1 April 2023 Additions At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year	Unrestricted 2024 £ 2,372 18,000 890 4,540 650	Unrestricted 2024 £ 2,372 18,000 890 4,540 650		Total 2024 £ 2,372 18,000 890 4,540 650			Total 2023 £ 1,464 15,600 757 4,692 22,513 2023 £ 757 Total 4,651 5,584 5,008 £ 8,769 1,466 10,235 3,761 890
			26,452		26,452
			2024 £ 890 Ministry 4,203 Equipment £ 7,931 1,399 9,330 3,398 805		Fixtures & 448 Fittings £ 838 67 905 363 85



			5,127		457
			4,533		475

Page 11

EDEN EDEN INTERNATIONAL Notes to the Accounts

9 Creditors:

amounts falling due within one year

Bank loans and overdrafts Other loans Other creditors Accruals and deferred income	2024 £ - - - - -		2023 £ 10 - - -
			10

10 Movement in funds

Restricted funds: Restricted income funds: Offerings - Kenya Offerings - Other Retreat DPWW Total Unrestricted funds: General funds Revaluation Reserves: Total funds	At 1 April 2023 - - 96 - 96 18,046 18,142	Incoming resources (including other (gains/losses 2024 £ ) 3,893 - 543 3,635 8,071 59,875 67,946	Resources expended 2024 £ (1,965) - (2,600) (4,565) (40,914) (45,479)		At 31 March 2024 £ 1,928 - 639 1,035
					3,602
					37,007
					40,609

Purposes and restrictions in relation to the funds: Restricted funds: Offerings - Kenya For Kenya Missions Retreat Retreats

11 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted 2024 £ 5,584 31,957 37,541	Restricted 2024 £ - 3,068 3,068	Total 2024 £ 5,584 35,025
			40,609

Page 12

EDEN EDEN INTERNATIONAL Notes to the Accounts

12 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Borrowings Bank loans Net debt	At 1 April 2023 £ 13,144 13,144 - (10) (10) 13,134	Cash Flows 2024 £ 21,881 21,881 - 10 - 21,891	At 31 March 2024 £ 35,025
			35,025 - -
			-
			35,025

Page 13

EDEN INTERNATIONAL Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Other gains/losses (Decrease)/Increase in trade and other receivables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Cash flows from financing activities Repayment of borrowings Net cash (used in)/from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2024 £ 22,466 890 - (740) 22,616 (1,466) 21,150 (10) (10) 21,140 13,144 34,284 34,284 34,284	2023 £ (3,764) 757 - -
		(3,007) (2,480)
		(5,487)
		(192)
		(192)
		(5,679) 18,823
		13,144
		13,144
		13,144

Page 14

EDEN INTERNATIONAL Detailed Statement of Financial Activities

for the year ended 31 March 2024

Restricted funds 2024 £ - 3893 - 4,178 8,071 8,071 - 2,600 1,965 4,565 - - - - - - - - - - - - 4,565 -	Total funds 2024 £ 40,024 12,134 11,610 4,178 67,946 67,946 46 2,600 14,416 1,965 19,027 - - - - 4,263 4,263 18,000 18,000 805 85 128 141 19,027 -	Total funds 2023 £ 27,041 4,046 6,837 810
8,071	67,946	38,734
8,071 - 2,600 1,965	67,946 46 2,600 14,416 1,965	38,734 4,937 300 11,708
4,565	19,027	16,945
- - - - - - - - - - - - 4,565 -	- - - - 4,263 4,263 18,000 18,000 805 85 128 141 19,027 -	- - - - 1,464 1,464 15,600 15,600 673 84 164 73 16,945 -

Page 15

EDEN INTERNATIONAL

Detailed Statement of Financial Activities

Subscriptions Stationery & Printing General expenses Venue Hire Subsistence Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of Charitable Activities and Governance Costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	713 156 1,425 - 86 3,539 650 650 40,914 40,914 - 18,960 18,960 - 18,960 39,969 58,929	- - - - - - - 4,565 4,565 - 3,506 3,506 - 3,506 (21,827) (18,321)	713 156 1,425 - 86 3,539 650 650 45,479 45,479 - 22,466 22,466 - 22,466 18,142 40,609	486 - 3,372 3,205 321 111
				8,489
				-
				-

				17,917
				42,498 -
				(3,764)
				(3,764) -
				(3,764)
				18,142
				18,142

Page 16