Charity registration number NIC100593
Company registration number N1622687 {Northern Ireland)
THE FAKIN FOUNDATION
ANNUAL REPORT AN4 UNAUDITED FINANCIAL STATEMENTS
FOR THE YkAR ENDED 31 MARCH 2023

THE EAKIN FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr T G Eakin
Mr J D Eakin
Charity number
NIC100593
Company number
N1622687
Independent examiner
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Bankers
Danske Bank
Donegall Square West
Belfast
BT16JS

THE EAKIN FOUNDATION
CONTENTS
Page
Trustees report
Statement of trustees responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-12

THE EAKIN FOUNDATION
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS
102)" (effective 1 January 2019).
Objectives and activitles
Policies and objectives
Eakin Foundation was incorporated on 6th February 2014.
The objectives of the Eakin Foundation are=_
1) To relieve conflict related trauma, distress and social isolation by providing aid to developing countrtes.
2) To advance community reconciliation in Northern Ireland and abroad through the promotion of education, the
advancement of local amateur sport and the delivery of support services.
Main activities undertaken to further the Company's purposes for the public benefit
The charity has made several donations during the year. The main ones are listed below in the Review of Activities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and performance
Review of activities
The Foundation supported various charities throughout the year, including Namwanda Zerridah and Queen,
University, and more.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the
going ¢on¢ern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis Can be found in the accounting poli¢ies.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent to be￿een three and six month's expenditure. The trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's
current activities while consideration is given to ways in which additional funds may be raised. This level of reserves
has been maintained throughout the year.
Structure. governance and management
The Eakin Foundation is registered as a charitable company limited by guarantee and was set up by a
Memorandum ofAssociation.
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 signature of the financial Statements were..
Mr T G Eakin
Mr P A Eakin
Mr J D Eakin
(Resigned 31 March 2023)
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms
of the Memorandum of Association.

THE EAKIN FOUNDATION
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Organisational structure and decision-making policies
The charity is limited by guarantee, having no share capital. Only persons who subscribe to the objects expressed
in the Memordum of Association of the company, and are appointed by the Executive ¢¢ommittee, or the Company
in a General Meeting, can be aadmitted as Trustees.
Funds held as Custodian trustee
No funds are held as custodian on behalf of others.
The trustees repo
pproved by the Board of Trustees.
MrT G Eakin
Trustee
30 October 2023

THE EAKIN FOUNDATION
STATEMENT OF TRUSTEES RE PONSIBILITIES
FOR THE YEAR ENDED 31 MAFI :H 2023
The trustees, who are also the directors ol "he Eakin Foundation for the purpose of company law, 8re responsible
for preparing the Trustees Report and t￿ financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United KirJlom Generally Accepted Accounting Practice).
Company Law requires the trustees lo pre￿ Te financial statements for each financial year which give a true and fair
view of the state of affairs of the ¢harity aiie of the incoming resources and application of resources, including the
income and expenditure, of the charitable qg,npany for that year.
In preparing these financial statements, thAa'UStees are required to..
Id
select suitable accounting policies and theoi apply them consistently.,
obseNe the methods and principles in the trharities SORP.,
make judgements and estimates Ihat are knasonable and prudent,. and
prepare the financial statements on the g cng concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The tnjstees are responsible for keeping
equate accounting records that dis¢lose with reasonable a¢curacy at
any time the financial position of the charityoind enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also respi sible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and del -tion of fraud and other irregularities.
ad
)n

THE EAKIN FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE EAKIN FOUNDATION
I report to the trustees on my examination of the financial statements of The Eakin Foundation {the charity) for the
year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of Ihe Companies A¢t 20C6 (the 2006
Act).
Having satisfied myself that the financial statements of the charity are not required lo be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act)- In Carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b)
of the 2011 Act.
Independent examiner's ststement
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:
a¢¢ounting records were not kept in respect of the charity as required by section 386 ofthe 2006 A¢t- or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting 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
the financial statements 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 aThJ
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 financial statements to be reached.
MyoLu4
Miscampbell
Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated.. 30 October 2023

THE EAKIN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Unrestricted
funds
funds
2023
2022
Notes
come from.
Donations and legacies
Charitable activities
25,000
12,607
diture on:
Charitable activities
14,223
18,865
Net incomel{expenditure) for the yearl
Net movement in funds
10,777
(6,258)
Fund balances at 1 April 2022
61,610
67,868
Fund balances at 31 March 2023
72,387
61,610
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial artivities also ¢omplies with the requirements for an income and expenditure account
under the Companies Act 2006.

THE EAKIN FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Current assets
Cash at bank and in hand
73,707
62,894
Creditors: amounts falling due within
one year
(1,320)
(1,284)
Net current assets
72,387
61,610
Income funds
Unrestricted funds
72,387
61,610
72,387
61,610
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 2023.

THE EAKIN FOUNDATION
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial staternents for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 30 October 2023
Mr T G Eakin
Trustee
Company registration number N1622687

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Charity Information
The Eakin Foundation is a private company limited by guarantee. The company is incorporated in Northern
Ireland and has the company number N1622687, also a registered charity with the Charity's Commission Nl
and has the charity number NIC100593. The registered offi¢e address and principal place of business is 15
Ballystockart Road, Comber, Down, BT23 5QY. The princpal activity of the company continued to be to
prevent or relieve poverty, conflict related trauma, distress and or social isolation by providing aid to
developing ¢ountrtes and to advance community reconciliation in Northern Ireland and abroad.
1.1 Accounting convention
The financial statements have been prepared in accordance with the ¢harity's Igoverning documenti, the
Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The
¢harity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat￿ent of
Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified lo include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. The principal accounting poli¢ies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have 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 preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specifi¢ conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to spe¢ifi¢ conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met.
the amounts Can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of Ihe donation.
Legacies 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 treated as a
contingent asset.

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
{Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to
third party, it is probable that a transfer of economic benefits will be required in settlernent, and Ihe amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct Costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Baslc financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement 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 liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods 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 recognised initially at
transaction price and subsequenlly measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Critical accounting estimates and judgements
In the application of the charity's a¢¢ounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabililies that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other fa￿Or$ that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donations and legacles
Un￿$trIc￿d Unrestricted
funds
funds
2023
2022
Donations and gifts
25,000
12,607
Charitable activities
Unrestricted Unrestricted
funds
funds
2023
2022
Share of support costs (see note 5)
Share of governance costs (see note 5)
12,867
1,356
17,581
1,284
14,223
18,865
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THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes A¢t 1988 or section
252 of the Taxationof Chargeable Gains A¢t 1992 to the extent that these are applied to its charitable objects.
Creditors: amounts falling due within one year
2023
2022
Accruals and deferred income
1,320
1,284
10 Analysis of net assets between funds
Unrestricted Unrestricted
funds
funds
2023
2022
Fund balances at 31 March 2023 are represented by..
Current assetsl(liabilities)
72,387
61,610
72,387
61,610
11
Related party transactions
There were no disclosable related party transactions during the year (2022- none).
12-