REPORT AND FINANCIAL STATEMENTS for the YEAR ENDED 31 DECEMBER 2024 THE FULL GOSPEL HALL 91 Plashet Grove, East Ham London. E6 1AA Charity Registration NO 1054391 Acting Minister: Pastor Patsy John Church Secretary: Valerie Robinson Treasurer: Francis Kuagbela Alor & Co Chartered Certified Accountants and Management Consultants 51 Craig Street City Centre Peterborough PE12EJ
ACCA Chartered Certified Accountanls and Manaoement Consuliants ACCOL'NTANCY * TAXATIO MANAGEMENT COYI SbLTANCY ALOA & CO 51 Or•1• 8tr••1 Date: ?0 October ?025 121J INDEPENDEwf EXAMINER'S REPORT TO THE TRUSTEES OF FULL GOSPEL HALL- ASSEMBLIES OF GOD. . Tel: 07932673936 Mail.. alorbv@y¢hooxom Web.. ttlor-w.veniw¢b.ctsm PRINCIPAL We have reported on the accounts of the Full Gospel Hall Assemblies of God for the year ended 31" December ?024 which are set out on pages 5 to 14. E. Alorbu 8AINONSI FCCA CONSULTANT Respective responsibilities of trustees and independent examiner G. Ak¢nfvde FCCA The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year account under section 144(?) of the charity s Acl ?01 l (the ?0 I l Act) and thai an independent examination is needed: li is our responsibility io: examine the accounts under section 145 of the ?0 I l Act. - •- --to follow th-e procédures laid down in Géneral Diréctioris (Fiven by thé Charity Commissions under section 145(5)(b) of the ?0 I l Act: and no examination on the trustees report 4. 10 siaze whether particular mallers have come to our artention Basis of the Independent examiDer's report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the chariry and a comparison of the accounts presented with the underlyin(F records. It also includes consideration of any material unusual items or disclosures in the accounts. and seeking explanations from you as trustees concernino anv of such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audil opinion on the view given as to whether the accounts present a "true and fair view and the report is limiied io those marters sei oul in the sthiemeni below. Independent examiners. statement In connection with our examination. no matter has come to our attention: l. Which gives us reasonable cause to believe that any material misststement in the requirements: a) to keep accounting records in accordance with section 130 of the ?011 Acland b) to prepare accounts which accords with the accounting records and comply with the accounting requirements of the ?01 l Act This lirn) is rci Tulaicd b>. Ihe Assoeiaiion of Chartered Certified Accouniants in the coriduci of Ac¢ouniintt and Consuliancv work".
have not been met: or ? to M,hich in our opinioL attention should be drawn in order to enable a proper understanding of the accounts to bc reached. Ebenezer Alorbu FCCA For Alor & Co
THE FULL GOSPEL HALL TRUSTEES REPORT FOR THE YEAR ENDED 31°, DECEMBER 2024 Ob'ectives and Activities. The prime object of the Assembly (Charity) is the advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God Conrning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the Church in accordan with the Statement of Fundamental Truths of the Assemblies of God Incorporated. Apart from the search for a full-time Pastor. our priority for this year was to continue to focus on our stated aim, that is to be a light in the community, whilst considering the Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we endeavour to encourage people to live out their faith as part of the Assembly through.. Worship and prayer, learning about the gospel; and developing their personal knowledge and trust in Jesus. Provision of pastoral care for people known to have problems Missionary and outreach work. Achievements and Performance. Worship and Prayer: The Assembly offers a wide range of servIS during the week and over the course of the year that have been found to be beneficial and spiritually fulfilling for those taking part. The regular Sunday moming service provides the opportunty for freedom in worship whilst allowing a time for - contemplation at the Breaking of Bread (Communion). This is.followed by the ministy of the word,.whilst the children - gather in the lower hall forjunior church in age related classes. other services provide opportunity for prayer, studying the Scriptures and, for the youth the addition of games and social activities. All are welcome to attend our regular ServIS and again. during the past year, we have had a number of visitors attending the Sunday moming service. At present there are 98 persons on the church register. All regular attendees are invited to apply for membership. Some were removed from the register either through death or because they resigned from the fellowship or moved from the locality. As well as the regular services, we enable the fellowship to celebrate and thank God at the milestones of the journey through life. Through the dedication of infants we thank God for the gift of life, through baptism the candidates witness their faith in Jesus Christ, in marriage public vOV are exchanged with God's blessing and through funeral ServIS friends and family express their grief whilst giving thanks for the life of the person now committed to God's keeping. During the year we have lebrated few dedications and held no funeral. Pastoral Care: Rev. Patricia John, in her capacity of Interim Leader continued to oversee the pastoral care of the church. During the Sunday morning seniice we provide crèche facilities for parents and babies to which the service is relayed. This enables them to enjoy the ministy whilst allowing the infants to have the freedom to play. During the summer an outing to Kent. was organised by of the members and the church was able to subsidise the cost of the coaches. The Junior Church takes place during the Sunday moming service at the ts'me set aside for the Ministry of the Word. Thefe are about 50 children registered and each child is provided with a workbook that supports the lesson. There is rota of volunteers from the membership, all of whorn have been D & B checked, who teach the children using "Go Teach" materials. Some members of the Assembly are unable to attend the services due to sickness or age and to ensure their care the Pastor has established a team of volunteers to keep in touch by telephone or visiting them to keep them in touch with Assembly life. When requested. Pastor Patsy and the visitation team have visited members, either in their homes or in hospital, to celebrate communion and pray with them. Mission and Evangelism: Helping those in need is an evidence of our faith and we provide financial support to organisations that supply food and clothing and for the Social and Educational needs of Adults and Children in those parts of the wodd affected by natural disasters, national unrest and famine. Knowing that needs exist in the area local to the Assembly, all the non- perishable foods brought to the annual HarvestThanksgiving Service are donated to the Renewal Refugee and Migrant Project {RAMP) who provide a support service for those seeking asylum or are otherwise outside the Social Service's umbrella. Ecumenical Relationships. The Assembly is an associate of the Newham Christian Fellowship. It is also in fellowship with the Assemblies of God Incorporated and benefits from its advi and assistan, the annual subscription is 4°/0 of the unrestricted income received in the previous year.
THE FULL GOSPEL HALL TRUSTEES REPORT FOR THE YEAR ENDED 31" DECEMBER 2024 (Continued) Financial Review: The Church is dependent for its day to day running on the financial support of its Members and Congregation and during 2024 income from direct giving was below our budget expectations. As can be seen from the Statement of Accounts. the income was lower than that in previous years and we were not have been able to cover our expenses due to restoration work to the church building and the flats. We spent £11,678 more than our income due to restoration work to the church building and flats. The total receipts of tithes and offerings were £30,522 and Gift Aid was £23.413 are detailed in the Financial Statements. Tithes and offerings by the Gift Aid scheme were down slightly and this resulted in the drop in tax recovered £5853. During the year we were able to give financial support of £3000 to Missionary Societies and Social and educational Charitable Organisations. The church is in a strong financial position. Reserves Policy. The CC has considered the level of reserves they wish to retain appropriate to the Assembly's needs. This is based on the Assembly's size and the level of commitments held. The CC aim to ensure that the Assembly will be able to continue to fulfil its charitable objectives even rf there is a temporary shortfall in income. The Property Fund is designated to provide forthe futurejoint purchase of a manse in the event that an incoming Ministerrequires assistance in purchasing a house. In reviewing the cost of housing in the Borough it will be necessary to increase the amount held in the fund. The CC will endeavour not to 'siV on funds unnesSan1y. Staff & Volunteers. The Church employs a part-time Youth Leader, a part-time church administrator and thEe part-time Cleaners. The achievements of the past year are due to the continuing voluntary help of the Members in the various departments of the work. No remuneration was received by the Trustees other than the out of pocket expenses disclosed in the accounts and no material transaction took place between the Church and a Trustee or any person connected with any of them. The cost of maintenance and improvements to the Propety is met from Gifts in Kind and Income from the General and Property Fund. Property. The Assembly propety is freehold and held in trust by the Holding Trustees and consists of five persons. However, there is presently one position vacant. The Holding Trustees are appointed by and are responsible to the Church Council. The Holding Trustees are: Mr Felix Baptiste Mrs Betty Duckett Mr Branford B. Yeboah Reference & Administrative detsils The Full Gospel Hall is a Registered Charity number 1054391 and is situated in East Ham in the London Borough of Newham. It is in Fellowship with the Assemblies of God. The principal address is 91, Plashet Grove, East Ham, London. E6 1AA. The primary bankers are HSBC Bank plc. 118. High Strt North. East Ham, London E6 2HX.
THE FULL GOSPEL HALL TRUSTEES REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 (Continued) Structure, governance and managemenL The Governing document is a Deed of Trust and Trust is unincorporated. Whilst reviewing the g0Veman of the Assembly the attention of the CC was drawn to the fact that the document is out ofdate. the model deed having been revised by the Assemblies of God. It was dectded to engage Geldards. the AOG Solialors. to prepare a new document tor the Full Gospel Hall. This new Deed was completed in early 2021. For the present, the method of appointment of Church Council Members is set out in the Constitution adopted 81h April 1995. During the year the membership of the Church Council was strengthened by the addition of four persons. The Church Council members are responsible for making decisions on all matters of general conrn and importance to the Assembly including deciding on how the funds of the Assembly are to be spent. The Church Council Members are.. Interim Lead Pastor Patricia John Pastor Douglas Williams Ms Valerie Robinson Mr E. A. Boateng Mr B.B.Yeboah Mr F.A. Kuagbela Ms Hanan Alamy Mr J. Ogundele There are presently five persons serving as Deacons. The membership of the Deaconate is by nomination and election by those who are full members of the Assembly. Ail those who attend the services regularly are encouraged to apply for membership and take an active role in the life of the Assembly. The members of the Deaconate are: Mrs Ada Adu Mr Amos Ndubuisy Mr Kayode Olowfila Mr James Iziegbe Mrs Betty Duckett
THE FULL GOSPEL HALL TRUSTEES REPORT FOR THE YEAR ENDED 315t DECEMBER 2024 (Continued) Names of the Charity Trustees who manage the Charity: Acting Pastor Rev. Mrs Patricia John Rev. Douglas Williams Ms Valerie Robinson Mr Francis Kuagbela Mr Branford B. Yeboah Secretary Treasurer TRUSTEES RESPONSIBILITIES The Charities Act 1993 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs ofthe trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to" Select suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare financial statements on the going COnM basis unless it is inappropriate to presume that the Trust will continue in existence. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Trust. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and deteckn'on of fraud and other irregularities. Declarations. The trustees declare that they have approved the trustees, report above Signed on behalf of the charity's trustees. Signature Full name- Francis Kuagbela Position: Treasurer Date: 30109125
FULL GOSPEL HALL- EAST HAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Unrestricted Funds Designated Funds Restricted Funds Total 2024 Total 2023 Notes INCOMING RESOURCES Voluntary Income 3a 59.788 212 60,000 66,371 Activities for Generating Funds 3b 36.060 36,060 18,725 Investment Income Receipts 3¢ 5,610 5.610 3,2S4 Other Inwme Resour$ 3d 3.154 3,154 5,052 TOTAL INCOME RESOURCES 104,612 212 104.824 93,412 RESOURCES EXPENDED Cost of Charitable Activitie5 105.484 105,484 264,425 Governan Costs 4b 11.018 11,018 15,467 TOTAL RESOURCES EXPENDED 116,502 116,502 279,892 NET INCOMING IOUTGOINGI RESOURCE 11,890 212 11,678 186.480 Total Funds Brought Forward Prior year adjustment Transfer of Funds 1,121,115 90.952 4,041 1,216,108 1,302,546 TOTAL FUNDS CARRIED FORWARD 1,109.225 90,952 4.253 1,204,430 1.116,066 Movemen15 on all reserves and all recognized gains and losses afe shown above. All of the organization's operations are classed as continuing. The notes on pages 6 to 12 forms part of these financial statements.
FULL GOSPEL HALL - EAST HAM BALANCE SHEET FOR THE YEAR ENDED 31ST DECEMBER 2024 un$t[Icted Funds Restricted Funds 31-Dgc-24 31-DÈe-23 Notes Fixed Assets Tangible Assets 601255 601255 604082 Current Assets GA Tax Refund- HMRC 4078 4078 1858 Investment Interest AGcrued 3c 4945 Sypense Account 3320 3320 3097 Cash al Bank and in Hand 595073 595073 605618 Debtors.. Due wtthin one year 8b Total Current Assets 602470 602470 615518 Credltors Due wrthin one year -705 -705 3491 NET CURRENT ASSETS 603175 603175 612027 Suspense Account TOTAL ASSETS 1204430 1204430 1216109 FUNDS OF THE CHARITY General Funds 1109225 1109225 1121115 Designated Funds 90952 90952 90952 Reslride(l Funds 4253 4253 4041 Suspense 1200177 4253 1204430 1216109 Suspense Account.. The difference of £3320 cannot. at presenl. be accounted for but we wll continue to re-examine the books for the reason. Approved by the Trustees and Signed on their behalf by F.A. Kuagbela, Treasurer
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 1. ACCOUNTING POLICIES Incoming Resources: Recognition of Incoming Resources These are included in the Statement of Financial Activilies ISOFAI %th". the charity becornes entitled to the resources. the Trustees are virtually certain they 11 receive the resourc£s- and the monetary value Gan be tneasured wth suffiryenl reliability Incoming Resources with Related Expenditure Where incDming resources have related expenditure las wrth ftjndraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. Grants and Donations Grants and Donations are only induded in the SOFA when the charity has unconditional entitlemenl to the resources. Tax Reclaims on Donations and Gifts Incoming resources from tax reclaims are indud8d in the SOFA at the same time as the gifi lo which they relate. Contractual Income and Performance Related Grants This is only included in the SOFA once thè relatèd goods or seiCe5 have been delivered. Gifts in Kind Gift5 in Kind are accounted for at a reasonable estimate of their value to the charity 01 Ihe amount aGtually realised. Gifts in Kind for sale or distribution arè included tn the accounts only when sold or distrituted by the charity. Gifts in lfjnd for use by the Charity are induded in the SOFA as incoming resources when Teceivable. Donated Services and Facilities These are only included in incoming iesources (with an equivalent amount in resources expended) ¥then the benefit to the charity is reasonably quantifiable, measurable and matèrial. The value pSawl upon these resourS 15 the estimated valuè lo the tharEty of the Servi or facility received. Volunteer Help The value of any voluntary help received is not induded in the accounts bul 15 deSbed in Ihe Trustees, Annual Report. Investment Income This is induded in the accounts when receivable. Investment Gains and Losses This indudes any gain or loss on the sale ol investments any gain or 1055 resulting from revaluing investments to market value at the end of the year. Liability RecognitiTon Liabilities are recognized as soon as there is a legal or constw¢ve obligation committing the charity to pay out resources Governance Costs These include costs of preparation and examination of statLrtory accounts. the cost of the trustees. meetings and cosl of any legal advice to the trustees on governance or consb"tutional matters.
FULL GOSPEL HALL - EAST HAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 1 ACCOUNTING POLICIES (Continued) Expenditure and Liabilities Grants with performance conditions Where a charity gives a grant with conditions for its payment being a specific level of service or oulpul to be provided. Such grants are only recognized in the SOFA once the recipient has provided the specific seNice or output. Grants payable withoutperformance conditions These are only recognized in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. Support Costs Support Costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources. E.g. allocating propety costs by floor areas, or per capital. Staff costs by the time spent and other costs by their usage. Assets Tangible fixed assets for use by the charity are capitslized if they can be used for more than one year, and cost at least £500. They are valued at cost or if gifted at the value to the charity on receipt. Investments Investments quoted on a recognized stock exchange are valued at market value at the year end. Other investment assets are included at trustee's best estimate of market value. There ha5 been no change to the accounting policies (valuation rules and method of accounting) 2. TANGIBLE FIXED ASSETS Depreciation is calculated at a rate to write off the cost of tangible assets on a reducing balance method over their useful lives. The rates applied per annum are as follows Propety O¥D Fumiture 10Yc Equipment 25° Schedule of Fixed Assets Cost Property Furniture Equipment Total Balance blf Additions Disposals Olan-24 590.(KJO.00 28,976.00 53,351.00 672,327.00 Item relumed for credit Cost at 31-Dec-24 590,000.00 28.976.00 53.351.00 672,327.00 Depreciation Balance blf Charge for the year Balance CIF 01Jan-24 24,352_70 462.33 43.892.00 2,364.75 46,256.75 88,244.70 2.827.08 71,071.78 31-Dec-24 24.815.03 Net Book Value as at 31-D8¢-24 590.000.00 4.160.97 7,094.25 601,255.22 Net Book Valug as at 31-Dgc-23 590.000.00 4.623.30 9.459.00 604,082.30
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024 3. INCOMING RESOURCES Unrestricted Funds Designated Fund5 Restricted Total 2024 Total 2023 Notes Funds al Voluntsry Income Tfthes and Offerings Gift Aid 30.522 23.413 5.853 30,522 23,413 5,853 212 23.440 27,132 6,188 1,727 Gift Aid RefLJnd l HMRCI Other reip1S Missions Social & Educational Other funds Book Fund Tax Recovered 212 5a 5b Sd Flowers Catering Junior Church Offerings Equipment Credit 59.788 212 60,000 58,487 bl A¢tivities for Generatlng Funds Rent Church Organizalions 36.060 36,060 27.031 Sc 36,060 36,060 27,031 cl Investment Income Ilnterestl HSBC Current Account HSBC Deposlt Account HSBC Property Account Kingdom Bank Treasury 5001-01158 X Saffron Buihling Society 12 Bond 4.177 385 4,177 385 3,954 252 4,945 870 1,048 5,610 5,610 10,021 d} Other Incoming Resources softwa Support- Cancelled DD MislIaneOUS 3.154 3,154 2.616 Book Sale5 3,154 3.154 2,616 TOTAL INCOME RESOURCES: 104.612 212 104,824 98,155
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024 4. RESOURCES EXPENDED Unrestricted Designated Funds Restrided Total Total 2023 Notes Funds Funds 2024 al Costs of Charitable Activities AOG BenevonI Fund AOG Subscription Book Fund Catering Costs Church Building Church Housing Church Organizalions Cleanerf5 Salaries Gross Cleaning and Hygiene expenses Equipment Purchases <500 Flowers Furniture Junior Church Lileralurel Oulieach 500 3.800 35.096 8.025 3,800 35.096 8.025 1,817 46,677 89,200 7,684 7,684 9,809 20 92 194 <500 2,305 593 9,777 8.185 400 2,305 593 9,777 8,185 400 800 386 1.207 1,005 2,720 6.435 3,087 Ministry MiscellaneouslAnnual Recurring Paslo¢s Expenses National Insurance Contributions FGH NEST Pension Fund Contibutions FGH 10 800 386 451 Training Paslorfs Salary Musical Expenses Piano Tuning Postage Stationery Social & Educational Gross 10 3,520 61 370 370 941 5b Telephone and fax (Gas, Water, Eleclricityl 1,987 9.208 400 1,987 9.208 400 1,819 5,691 Visitation Youth Pa51orfs Salary Gross Irrecoverable dishonoured cheques Missions Church Adminislralorfs Cost 13,327 306 13,327 306 13.315 5a 2.835 2.835 3,512 105.484 105,484 172,073 bl Governance Costs Accounts Examination 1.200 1.000 351 1,200 1,000 351 1,200 850 Bookkeeping Fees AOG Fees - Gift Aid Submission 372 AOG 3°A Contribution 1.721 1,721 1,687 Training Copyright License Inlernel Depreciation Insurance Costs Health & Safely and Safeguarding Council Tax 1,066 460 2.827 1.714 2.827 1.714 3,667 1695 1,484 Repairs and Mainlena¢e Solicilors's fee5 (New Deed}
Bank Charges Software support 448 449 691 11.018 691 648 11,018 12,512 TOTAL COSTS: 116,502 116,502 184,585 fo8L II
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024 5. RESTRICTED FUNDS Balance at Balance at 01-Jan-24 Income Expenditure Transfers 31-Dec-24 al Mission Funds LoRe Italy Christian Solidarity Missions & Missionary Societies 1.082 1.082 1,082 1,082 bl Soclal & Educational CAM Baby Food JamaiGa Shipping Dominica Shipping Returned Cheques Other Beneficiaries cl Church Organizations Tuesday Fellowship Ladies, Ministries Men's Fellowship Children's Work Youth Clubs 260 260 588 376 212 Church Outing 793 793 157 212 55 dl Other Funds Bequest from Miss D. Eldridge's estate Venlilalion Fans E Adams Bequest G. Whitehorne Bequest Other Funds 640 399 500 399 500 300 300 1.006 2.845 1,006 2,845 el Book Fund Book Fund 270 270 270 270 TOTAL 4.041 212 4,253 Restricted funds are to be expended as speCrfd above. The restricted funds are wholly represented by the cash reserves of the charity 6 DESIGNATED FUNDS Property Fund 90.952 90,952 90.9S2 90,9S2 12
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS {continued} FOR THE YEAR ENDED 31st DECEMBER 2024 7. CASH AT BANK AND IN HAND 31-Dec-24 31-Dec-23 Current A¢counl Deposit Account Property Account 12 Month Treasury Deposit Account Cash in Hand HSBC HSBC 5,560 180.617 68.006 243.307 94,974 1,761 260 6,393 232,237 31,561 238,740 93,926 2,281 260 HSBC Kingdom Bank Saffron Building Society 65168331 General Fund Tuesday Fellowship Ladies, Ministries so011158-x {was Women's Fellowship) 588 251 595,073 605,649 8a. CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR Accountancy Fee Bookkeeping fee AOG HQ Adminislralive charges ArUe AOG 30/1 Contribution 1.200 1,000 245 3,150 705 2,400 850 111 130 3,491 8b. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR There were no debtors Iloan to church members) falling due within one year of the financial year ended 31st Decernber 2024 2024 2023 Kingdom Bank Investment income accrued as al 31st December GA Tax Refund- HMRC as at 31st December 4,945 1,858 3.097 4,078 3.320 Suspense Account 7,397 9,900 9. PART nME EMPLOYEES Youth Pastor's gross salary Cleaners, gross salary Church adminislralor 13.327 7.684 13,315 9,809 21.011 23,124 Employees who were engaged in the each of following a¢tivitie$: Activities in furtherance of the organization's objectives". The charity operates a PAYE scheme to pay all employed member5 of staff and no employees reiVed emolurnenls of over £50.000.12019'. None) Revised. 3010912021
FULL GOSPEL HALL- EAST HAM NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31st DECEMBER 2024 10. TRUSTEES AND OTHER RELATED PARTIES No payments were made lo Trustees or any persons connected wth them during this finanaal period. No material transaction took place beeen the organization and a Trustee or any person connected with them. 11 RESERVES POLICY The Trustees have considered the level of reserves they wish lo retain, appropriate to the charity's needs. This is based on the charity's size and the level of commitments hel(J. The Trustees aim to ensure the charity wll be able to continue to fulfil their charitable objectives even if there is a temporary shortfall in income. The Trustees will endeavour not to 'stt' on funds unnecessarily. 14