EAGLE CHRISTIAN FELLOWSHIP
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] MARCH 2024
CHARITY NUMBER: 1077765
EAGLE CHRISTIAN FELLOWSHIP
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] MARCH 2024
ADDRESS FOR CORRESPONDENCE
4 LAVENDER ROAD CROYDON SURREY CR0 3BH
REGISTERED CHARITY 1077765
GOVERNING DOCUMENT DECLARATION OF TRUST 6[TH] MAY 1999 AS AMENDED BY SUPPLEMENTAL DEED 18[TH] AUGUST 1999
TRUSTEES
REV LOUIS ARKU MRS CAROLINE KING MS MARIE- JEANNE MUNDELE
PRINCIPAL BANKERS
LLOYDS TSB BANK 25 GRESHAM STREET LONDON EC2V 7HN
INDEPENDENT EXAMINER
CHUKWUBUZO AJUKA BSc(Man), FICB PMDip FRESH FIRE BUSINESS SERVICES 95 MILES ROAD MITCHAM SURREY CR4 3FH
1
EAGLE CHRISTIAN FELLOWSHIP 4 LAVENDER ROAD CROYDON MITCHAM CR0 3BH INDEX Page Index 2 Trustee’s Report 3-4 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the financial Statements 8 - 12
2
EAGLE CHRISTIAN FELLOWSHIP TRUSTEES’ REPORT YEAR ENDED 31[st] March 2024
The trustees are pleased to present their report for the year ended 31[st] March 2024 for the charity, Eagle Christian Fellowship with Charity Number 1077765.
The Trustees of the charity are: Bishop Louis Arku Mrs Caroline King Rev Marie- Jeanne Mundele
The principal address of the charity is: 4 Lavender Road Croydon Surrey CR0 3BH
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was adopted on 6[TH] May 1999 as amended by supplemental deed 18[th] August 1999.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion, the advancement of education and the relief of poverty, sickness and distress. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church held several conferences to assist the development of the people in the community.. The organisation continues to host its weekly television program on Sky channel that continues to have a positive impact on members of the public. The organisation has had to hire various halls and hotel halls in the financial year as it seeks to establish a new place of worship.
3
FINANCIAL REVIEW
The income of the charity is above £72,000. This was a slight decrease on the previous year. The costs have been managed over this period. The charity is in a good position to develop itself in the community.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 14[th] May 2025 and signed on their behalf by:
4
Independent Examiner’s Report To the Trustees EAGLE CHRISTIAN FELLOWSHIP
I report on the accounts of the church for the year ended 31[st] March 2024 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
-
Examine the accounts under section 145 of the 2011 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
-
State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My 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 church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
-
(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 130 of the 2011 Act
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
-
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
5
EAGLE CHRISTIAN FELLOWSHIP
Statement of Financial Activities for the year ended 31st March 2024
| Unrestricted | Unrestricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2024 | 2023 | |||
| Incoming Resources from | Note | £ | £ | ||
| generated funds | |||||
| Donations and Legacies | 2 | 61348 | 61348 | 79328 | |
| Investment income | 0 | 0 | 0 | ||
| ___ ___ ______ |
|||||
| 61348 | 61348 | 79328 | |||
| Other Income | 2 | 11119 | 11119 | 0 | |
| Total Incoming | 72467 | 72467 | 79328 | ||
| Resources | |||||
| Resources Expended | |||||
| Charitable activities in furtherance of objectives | |||||
| Cost of Activities | 6 | 82,880 | 82,880 | 88,647 | |
| Other | 4 | 1,254 | 1,254 | 1,689 | |
| Total Resources | 84,134 | 84,134 | 90,336 | ||
| Expended | |||||
| Net movement in funds | -11,667 | -11,667 | -1,812 | ||
| Reconciliation of Funds | |||||
| Total Funds brought forward | 50763 | 50763 | 52575 | ||
| Total Funds carried forward | 39,096 | 39,096 | 50,763 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
6
EAGLE CHRISTIAN FELLOWSHIP Balance Sheet as at 31st March 2024
| Note 2024 Fixed Assets £ Tangible fixed assets 5151 _ 5151 _ Current Assets Cash at bank and 11161 in hand Debtors & prepayment 8 23484 34645 Creditors:amounts falling due within one year Bank Creditors & accruals 7 700 _ Net Current Assets 33945 _ Net Assets 39096 Unrestricted Funds General Fund 39096 TOTAL FUNDS 39096 |
2023 £ 6439 |
|---|---|
| ___ 6439 |
|
| ___ 11161 36450 |
|
| 47611 3287 |
|
| ___ 44324 |
|
| ___ 50763 50763 |
|
| 50763 |
Louis Arku Trustee
__________ Trustee's signature
7
EAGLE CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024
1) Accounting Policies
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The 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 of Ireland (FRS102) issued on 16 July 2014.
1.1 Going Concern: The accounts are prepared on a going concern basis.
1.2 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.3 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
-
The charity becomes entitled to resources;
-
It is more likely than not that the trustees will receive the resources;
-
The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
8
EAGLE CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] MARCH 2024
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
9
EAGLE CHRISTIAN FELLOWSHIP Notes to the accounts for year ended 31st March 2024
2 Voluntary Income/ Other Income
| Unrestricted | Total fundsTotal funds | Total fundsTotal funds | |
|---|---|---|---|
| Funds | 2024 | 2023 | |
| Church collections | £ | £ | £ |
| Tithes and Offerings | 61348 | 61348 | 79328 |
| Gift Aid/Other income | 11119 | 11119 | 0 |
| Total | 72467 | 72467 | 79328 | ||||
|---|---|---|---|---|---|---|---|
| **3 ** | Investment income | ||||||
| Unrestricted | Total fundsTotal funds | ||||||
| Funds £ | 2024/£ | 2023/£ | |||||
| Bank Interest | 0 | 0 | 0 | ||||
| **4 ** | Other | Amount £/2023 | Amount £/2022 | ||||
| Missions | 554 | 4052 | Supporting missions | ||||
| Grants to individuals<£1000 | 0 | 100 | Charitable giving | ||||
| Charity giving | 0 | 0 | |||||
| Accounting services | 700 | 0 | |||||
| Total | 1254 | 4152 | |||||
| **5 ** | Tangible Fixed Assets | Instrument | Vehicle | Equipment | Total 2024 | ||
| Cost | £ | £ | £ | £ | |||
| At 01/04/2023 | 4688 | 1875 | 30223 | 36786 | |||
| Additions | 0 0 0 0 ______ |
||||||
| At 31/03/2024 | 4688 | 1875 | 30223 | 36786 | |||
| Depreciation | |||||||
| At 01/04/2023 | 4242 | 1795 | 24310 | 30347 | |||
| charge for the year | 89 16 1183 1288 ______ |
||||||
| At 31/03/2024 | 4331 | 1811 | 25493 | 31635 | |||
| Net Book Value at 31/03/2023 | 357 | 64 | 4730 | 5151 | |||
| Net Book Value at 01/04/2022 | 446 | 80 | 5913 | 6439 |
10
EAGLE CHRISTIAN FELLOWSHIP Notes to the accounts for year ended 31st March 2023
| **6 ** | Cost of Activities in furtherance | of Charity's | Objectives |
|---|---|---|---|
| 2024/£ | 2023/£ | ||
| Hall Hire | 19821 | 8705 | |
| Admin | 0 | 0 | |
| Pastoral wages | 12000 | 12000 | |
| Travel & Courier | 2627 | 3266 | |
| Hotel accomodation | 619 | 11720 | |
| Visiting speakers expenses | 550 | 2680 | |
| Volunteer expenses | 338 | 3970 | |
| Outreach Ministry | 3155 | 2250 | |
| Welfare | 0 | 0 | |
| Training | 0 | 0 | |
| Stationary | 0 | 143 | |
| Depreciation | 1288 | 1385 | |
| Telephone , Internet & fax | 1969 | 2753 | |
| Insurances | 1811 | 3898 | |
| Professional fees | 1072 | 0 | |
| Renovation & Repairs | 275 | 0 | |
| Publicity, conferences & Website | 0 | 0 | |
| Rates | 0 | 80 | |
| Light & Heat | 120 | 1444 | |
| Bank charges | 416 | 79 | |
| Mission house expenses | 23555 | 21653 | |
| Supplies | 1522 | 2067 | |
| Media services | 1352 | 1336 | |
| Church program | 0 | 1282 | |
| Transport | 1289 | 1806 | |
| Waste Services | 0 | 195 | |
| Vehicle expenses | 5245 | 5546 | |
| Card services charges | 0 | 161 | |
| Tax/Ni contributions | 0 | 0 | |
| Refreshments | 300 | 139 | |
| Subscriptions | 180 | 0 | |
| Software | 0 | 89 | |
| Storage costs | 3376 | 0 | |
| Music Services | 0 | 0 | |
| Total | 82880 | 88647 |
11
EAGLE CHRISTIAN FELLOWSHIP Notes to the accounts for year ended 31st March 2024
Staff
The church had 1 employee during the financial year. No employee earned more than £12,000 during the year.
Trustee Remuneration
Pastor Louis Arku received remuneration for services offered as Pastor of church of £12000.
7 Creditors: amounts falling due within one year 2024/£ 2023/£ Independent examination 700 700 Creditors 0 0 ______ Total 700 700 8 Debtors and Prepayments 2024/£ 2023/£ 6664 6664
12