Charity registration number NIC100593
Company registration number N1622687 (Northern Ireland)
THE EAKIN FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE EAKIN FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr T G Eakin
Mr J D Eakin
Charity number
NIC100593
Company number
N1622687
Ind8pend8nt 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 examinerfs report
Statement of financial activities
Balance sheet
Notes to the financial statements
8-13

THE EAKIN FOUNDATION
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
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 do¢ument, the Companies 2006 and "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).
ObjectiV8s and activities
Policies and objectives
Eakin Foundation was incorporated on 6th February 2014.
The obje￿IveS of the Eakin Foundation are.'_
1) To relieve conflict related trauma, distress and social isolation by providing aid to developing countries.
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 Charty 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's
University, and more.
Financial review
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 between 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.
Structur8, governance and management
The Eakin Foundation is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association.
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=
MrT G Eakin
Mr J D Eakin
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms
of the Memorandum ofAssociation.
Organisational structure and decision-making policies
The charity is limited by guarantee. having no share ¢apital. Only persons who subscribe to the objects expressed
in the Memordum ofAssoGiation of the Gompany, and are appointed by the Executive ccommittee, 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 EAKIN FOUNDATION
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Recruitment and appointment of trustees
The management of the company is the responsibility of the Trustees who are eleded and co-opted under the terms
of the Memorandum ofAsso¢iation.
Organisational structu
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 ccommittee, 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 report was approved by the Board of Trustees.
MrT G Eakin
Trustee
25 September 2024

THE EAKIN FOUNDATION
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of The Eakin Foundation for the purpose of company law, are responsible
for preparing the Trustees Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢ti¢e).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resour￿$, including the
income and expenditure, of the charilable company for that year.
In preparing these financial ststements, the trustees are required to..
select suitable accounting policies and then apply them ¢onsistently-
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply with'lhe
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

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 2024.
Responsibilities and basis of report
As the trustees of the trust (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 the Charities A¢t (Northern Ireland)
2008.
I report in respect of my examination of the Charity's financial statements carried out under the Charities Act
(Northern Ireland) 2008. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under the ChariliesAct {Northern Ireland) 2008.
Independent examiner's ststement
Since the charity'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 l am qualified to undertake the examination because l am a member of CAI,
which is one of the listed bodies.
I have completed my examination. l Confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting re¢ords were not kept in respect of the charity as required by section 386 of the 2006 Act- or
the financial statements do not accord with those records. or
the financial statements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by ¢harities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK a￿1
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 rea¢hed.
Miscampbell & Co
6 Annadale Avenue
Belfast
BT7 3JH
Dated: 25 September 2024

THE EAKIN FOUNDATION
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Unrestricted
funds
funds
2024
2023
Notes
Income from:
Donations and legacies
411.486
25,000
Total income
411,486
25.000
Expenditure on:
Charitable activities
155,962
14,223
Total expenditure
155,962
14,223
Net income and movement in funds
255,524
10,777
Reconciliation of funds:
Fund balances at 1 April 2023
72,387
61,610
Fund balances at 31 March 2024
327,911
72,387
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE EAKIN FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Current assets
Debtors
Cash at bank and in hand
10
180
329,306
73,707
329,486
73,707
Creditors: amounts falling due within
one year
11
{1,575)
{1.320)
Net current assets
327,911
72,387
Income funds
Unrestricted funds
327,911
72,387
327,911
72,387
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 2024.

THE EAKIN FOUNDATION
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
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 ststements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in a¢¢ordan¢e with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 25 September 2024
Mr T G Eakin
Trustee
Company registration number N1622687

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity inforniation
The Eakin Foundation is a private company limited by guarantee. The company is incorporated in Northem
Ireland and has the company number N1622687, also a registered charity with the Charity's Commission Nl
and has the charity nurnber NIC100593. The registered office address and principal place of business is 15
Ballysto¢kart 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 countries and to advance community reconciliation in Northem Ireland and abroad.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing documentl, the
Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland" {'FRS 102,1 and the Charities SORP "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). The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has tsken 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. The principal accounting
poli¢ies adopted are set out below.
1.2 Going concern
At the time of approving the financial ststements, 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 ¢on¢ern 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 specific conditions by donors or grantors 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 specific conditions by donors that the Capital must be maintained by the
charity.
1.4 Income
Income is re¢ogni5ed when the charity is legally entitled to it after any performan￿ conditions have been met,
the amounts Can be measured reliably, and it is probable that income will be re￿Ived.
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 GiftAid or deeds of covenant is recognised at the time of the 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 2024
Accounting policies
(Continued)
1.5 Expenditure
Expenditure is re¢ognised once there is a legal or constructive obligation to transfer economic benefit to
third party, it is probable that a Iransfer of economic benefits will be required in settlement, and the 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 dI￿t costs and
shared costs, including support ¢osts 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 between 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.
1.7 Financial instruments
The Charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction cost5 and are subsequently carried at amortised cost using the effective
interest method unless the a￿angement 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 pri￿ 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 subsequently 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.

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.8 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.
Critical accountlng estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors 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 legacies
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gifts
411,486
25,000
Expenditure on charitable activities
Unrestricted Unrestricted
funds
funds
2024
2023
Direct costs
Share of support and governance costs (see note 5)
Support
Governance
154,207
1,755
12.867
1.356
155,962
14,223
Analysis by fund
Unrestricted funds
155,962
14,223
10-

000
Ln o Ln
000
Ln o) u)
OOP-O
0000
O(N*
00￿0
0000
(DO￿￿
OLL O O
r77Q(notnoocoQ

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting)-
Fees payable for the independent examination of the charity's financial
statements
1,755
1,356
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..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
Taxation
The charity is exempt from taxalion on its activities because all its income is applied for charitable purposes.
10 Debtors
2024
2023
Amounts falling due within one year:
other debtors
180
11 Creditors: amounts falllng due within one year
2024
2023
Accruals and deferred income
1,575
1,320
12

THE EAKIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan¢es of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
General funds
72,387
411,486
{155,962)
327,911
Previous year:
At 1 April
2022
Incoming
resources
Resources At 31 MarGh
expended
2023
General funds
61,610
25,000
(14.223)
72.387
13 Analysis of net assets between funds
Unrestricted
funds
2024
At 31 March 2024:
Current assetsl(liabilities)
327,911
327,911
Unrestricted
funds
2023
At 31 March 2023:
Current assetsl{liabilities)
72,387
72,387
14 Related party transactions
There were no dis¢losable related paty transactions during the year (2023 - none).
13-