2022-03-31-accounts - Eagles Wings

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Company No. 5165242 Charity No. 1105731

email: office@eagleswingscharity.com web site: www.eagleswingscharity.com

EAGLES WINGS (Limited by Guarantee)

FINANCIAL STATEMENTS YEAR ENDED 31 March 2022

Independent Examiner Peter Saltiel Church & Charity Accounts Service

EAGLES WINGS (Limited by Guarantee)

Reference and administrative details of the charity, its Trustees and advisers For the Year Ended 31 March 2022

	Page
Reference and administrative details	1
Report of the Trustees (Including Director’s Report)	2 – 4
Independent Examiner’s Report	5
Statement of Financial Activities and
Summary of Income and Expenditure Account	6
Balance Sheet	7
Notes to the Financial Statements	8 - 12

EAGLES WINGS

(Limited by Guarantee)

For the year ended 31 March 2022

Trustees: Bruce Oliver Frank Ferrett Nicholas Naughton Registered Office: 12 Dickinson House Nash Mills Wharf Hemel Hempstead HP3 9DR Bankers: Santander Bridle Road Bootle L30 4GB Independent Examiner: Peter Saltiel Church & Charity Accounts Service Planchadeau 23460 Saint-Pierre-Bellevue France Registered Charity Number: 1105731 Company Number: 5165242 Email address: office@eagleswingscharity.com Website: www.eagleswingscharity.com

EAGLES WINGS (Limited by Guarantee)

Report of the Trustees (Including Director’s Report) 2021-22

The Trustees and Directors present their report and the financial statements for the year ended 31 March 2021.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity was established by memorandum and articles of association incorporated 29th June 2004 under company number 5165242. The charity was registered by the Charity Commission on 3rd September 2004.

Trustees

Bruce Oliver and Frank Ferrett have held office as trustees during the whole of the year and to the date of this report.

Nick Naughton was appointed as a trustee and director of Eagles Wings on 8th December 2018 and brings a wealth of experience from business and overseas travel in Africa.

The power of appointing new trustees is vested in its members who are the present trustees. Details of transactions with them and related parties are set out in note 12.

Risks

The trustees periodically review risks and take steps to minimise them where practicable.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The Object of the charity as stated in its governing document is:

To relieve the aged, the poor, the sick and those in conditions of need, hardship and distress; to provide and/or support training, education and pastoral care; and to provide and/or support facilities in the interests of social welfare or recreation with the object of improving the conditions of life.

The charity’s primary objective in 2021-2022 was to continue to meet the monthly running costs and salaries for the Rose of Sharon Medical Centre in Nebbi, northern Uganda which has a staff of 15 and all of its operations are funded exclusively by Eagles Wings.

Depending on fund raising activities during Covid, Eagles Wings would do all it could to support vulnerable families living in desperate circumstances with food parcels where we could guarantee direct delivery through known and trustworthy partners.

ACHIEVEMENTS AND ACTIVITIES REPORT

Eagles Wings maintained a monthly flow of money to Nebbi, Uganda for the medical centre paying all staff on time and meeting the running costs, despite losing a few supporters due to financial challenges caused by Covid. The West Nile region of Uganda has been badly hit and ongoing corruption and instability has caused a devastating wave of poverty and joblessness not all due to Covid. Footfall at the clinic has reduced due to the inability even to pay £2 for a safe maternal and baby delivery. Despite this we saw over 120 safe births of mothers and babies.

The South Africa project continued supporting leadership and strategic travel into poverty stricken rural and tribal areas of South Africa and Mozambique to oversee local support programmes.

A successful fund raising initiative by two volunteers climbing Kilimanjaro at their own expense raised over £4000 to establish a 6 month sewing training school in Chitwan, Nepal serving uneducated women from Himalayan Tribal areas to give them a sustainable income.

Eagles Wings targeted Covid relief into known areas of Africa and Asia where partners on the ground were able to personally distribute food parcels to groups who are off the radar of other agencies particularly into tribal villages, slums and remote areas. By providing feedback with photo evidence of parcels being delivered, this maintained income from our loyal supporters and allowed us to maximise our efforts on the ground.

Limited funding was provided for accidents, emergency surgery and essential medication as requested by our partners on the ground to assist the most desperate, particularly in Uganda.

All of the work and time spent raising awareness and funding for Eagles Wings was given free of charge by volunteers and the trustees. This is of significant value and, in accordance with the SORP, has not been recognised in the financial statements.

FUTURE PLANS

With continuing political and social instability in our chosen countries of work and support, the trustees are reviewing the use of funds to prioritise the most vulnerable areas where we see fruit for our labours.

It is our desire to see and help provide for sustainable initiatives that become self sufficient due to good local management and the use of entrepreneurial skills. For example, the recent success story in Nepal with the ladies sewing school.

We are looking to start working in Kigali, Rwanda assisting street kids get back to their families and school ,and one of the trustees will be making a first visit in August 2022 working with a volunteer student initiative from the University.

FINANCIAL REVIEW

An important part of the charity’s giving to overseas projects (grants) continues to be the on-going careful management and accountability of the funds sent. By releasing funds on a staged basis, and insisting on reports of progress, photographs of actual project work and communicating clear guidelines on use of money we have attempted to manage the projects and grants with clear accountability from our partners.

We have continued to stress the need for wisdom and financial integrity with our chosen partners and especially where the Eagles Wings name is used. This in itself has been a challenge amidst known financial corruption in our target nations.

A substantial proportion of the income for the financial year continues to be from supporters of the Charity and their regular monthly donations enables the ongoing charitable activities.

Income for the year was £55,062 (2021 £45,951) and expenditure was £50,924 (2021 £42,161) with net unrestricted funds of £28,620 (2021 £27,249) and a restricted fund balance of £2,767 (2021 £nil. Of the unrestricted funds held at the year-end £10,000 remain designated for the support of overseas projects where the grants were not legally committed. The trustees consider that the financial position at the year-end was satisfactory and that the charity has sufficient funds and income for the coming year.

RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing their report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (UK Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

In preparing these financial statements, the trustees are required to:-

select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue operating.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the 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.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective 1[st] January 2015).

Audit Exemption

The charity is exempt from the requirements to have its financial statements audited but, as its income is above £25,000, it does have them independently examined.

Approved by the trustees on 25 July 2022 and signed on behalf of all trustees / directors.

Bruce Oliver,Trustee

Independent Examiner’s Report to the

Trustees/Directors/Members of the Eagles Wings

I report on the accounts of the Trust for the year ended 31[st] March 2022 which are set out on the pages 6 - 12.

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 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; or
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.

Peter Saltiel Church & Charity Accounts Service Planchadeau 23460 Saint-Pierre-Bellevue France

formerly, 69 Portland Place Greenhithe, Kent, DA9 9FE

Dated 26[th] July 2022

EAGLES WINGS (Limited by Guarantee)

Statement of Financial Activities and Summary of Income and Expenditure Account

Year Ended 31 March 2022

Unrestricted Notes Funds £ Income from: Donations 3 23,592 Investment income - Interest 1 Total income 23,593 Expenditure on: Raising funds 785 Charitable activities 4,725 Total 5,510 Net Incoming Resources 18,083 Fund transfers (16,712) Total Funds brought forward 27,249 Total Funds carried forward 28,620	Restricted Funds £ 31,469 - 31,469 - 45,414 45,414 (13,945) 16,712 - 2,767	Total Total Funds Funds 2022 2021 £ £ 55,061 45,929 1 22 55,062 45,951 785 424 50,139 41,737 50,924 42,161 4,138 3,790 - - 27,249 23,459 31,387 27,249

All activities are regarded as continuing

The above statement includes all recognised gains and losses during the year

The notes to the accounts form part of the financial statements

EAGLES WINGS (Limited by Guarantee)

Balance Sheet As at 31 March 2022

Notes Current Assets: Cash at bank Debtor – tax recoverable Creditors: Amounts falling due within one year 9 Net Current Assets Funds: 2 & 10 Restricted funds Unrestricted funds Designated General Unrestricted and Total Funds	10,000 18,620	2022 £ 30,183 1,689 31,872 (485) 31,387 2,767 10,000 17,249 28,620 31,387	2021 £ 26,838 896
			27,734 (485)
			27,249
			- 27,249

			27,249

The Trustees consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 (“the Act”) and members have not required the Charity to obtain an audit for the period in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for ensuring that the Charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the Charity as at 31 March 2022 and of its income and expenditure for the period then ended in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Act relating to the financial statements as so far as applicable to the Charity.

These accounts, which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the trustees / Directors on 25 July 2022 and signed on their behalf by:

Bruce Oliver Trustee

Company No. 5165242

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2022

1. Accounting Preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts, 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 (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The accounts present a true and fair view and no changes in the basis of accounting have been made during the year. There have also been no changes to the previous accounts during the financial year. The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going Concern

After considering the future impact of COVID-19, the trustees are of a view that there are sufficient reserves to secure the immediate future of the Trust for the next 12 to 18 months and on that basis the charity is a going concern.

1.3 Change of Accounting Policy

The accounts present a true and fair view and there have been no changes have been made to the accounting policies adopted in note 2.

2. Accounting Policies

2.1 Fund Accounting

Unrestricted Funds are donations, rental and other income received or generated for the objects of the charity without specific purpose and are available as general funds. The charity has no restricted funds.

Restricted Funds are funds which have been given for particular purposes. This year the restricted funds included income and expenditure for Uganda, Kenya, India, Nepal and South Africa.

Designated Funds are part of the unrestricted funds which the trustees have earmarked to meet grants authorised and related expenditure but not committed at the year end nor accrued in the financial statements.

Undesignated Funds comprise the remainder of the unrestricted funds which the trustees are free to use in accordance with the charitable objects.

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2022 (cont’d)

2. Accounting Policies (cont’d)

2.2 Income

Donations are included on a cash received basis. There would be no material difference if an accruals basis were adopted. Tax recoverable is included in the period to which the gift generating the tax recovery relates (accruals basis).

Income from interest is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Expenditure

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 are accounted for in the period when they are paid as, according to FRS 12 and the SORP, none of them require to be accrued for in a different accounting period to the period of payment.

Costs relating to more than one category are apportioned based upon estimated usage. Support and indirect costs have been allocated on basis of estimated time and cost.

Provisions for liabilities are measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Other expenditure is included on an accruals basis when incurred.

2.3 Fixed Tangible Assets

All purchases of equipment costing less than £2,000 are expensed when incurred in the SOFA and any equipment in excess of that amount will be depreciated over a three year period.

2.4 Assets & liabilities

Current assets are cash at bank with immediate access and debtors in respect of rents and prepaid expenses.

Current liabilities are obligations to pay for services related to the properties within one year.

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2022 (cont’d)

3. Funds – Incoming and Expended Resources Apportionment of costs – all unrestricted

Unrestricted Funds £ Income: Donations inc tax recoverable 23,592 Investments: interest 1 Total Income 23,593 Expenditure: Raising funds: Direct and shared costs 785 Charitable Activities: GRANTS: Uganda 721 South Africa - Nepal - Covid - Uganda - Kenya 1,204 India 300 Nepal - Other - Other 205 Total grants made 2,430 Other direct costs of supporting projects - Support costs regarding projects and grant making 2,295 4,725 Total Expenditure 5,510 Net movement in funds 18,083 Transfers to/from funds (16,712) Funds brought forward 27,249 Funds carried forward 28,620 Represented by: Debtors - tax recoverable 1,689 Cash at bank 27,416 Creditors and accruals (485) 28,620	Restricted Funds Uganda Sth Africa Other £ £ £ 6,330 11,623 13,516 - - -	Total Funds Total Funds 2022 2021 £ £ 55,061 45,929 1 22
23,593	6,330 11,623 13,516	55,062 45,951
785	- - -	785 424
721 - - - 1,204 300 - - 205	23,763 - - - 11,537 - - - 2,060 - - 408 - - 3,542 - - 1,594 - - 2,260 - - 250 - - -	24,484 24,590 11,537 1,700 2,060 - 408 400 4,746 5,550 1,894 2,303 2,260 2,250 250 2,750 205 600
2,430 - 2,295	23,763 11,537 10,114 - - - - - -	47,844 40,143 - 472 2,295 1,122
4,725	23,763 11,537 10,114	50,139 41,737
5,510 18,083 (16,712) 27,249	23,763 11,537 10,114 (17,433) 86 3,402 17,433 (86) (635) - - -	50,924 42,161 4,138 3,790 - - 27,249 23,459
28,620	- - 2,767	31,387 27,249
1,689 27,416 (485)	- - - - - 2,767 - - -	1,689 896 30,183 26,838 (485) (485)
28,620	- - 2,767	31,387 27,249

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2022 (cont’d)

3. Funds – Incoming and Expended Resources (cont’d)

Apportionment of costs – all unrestricted Raising funds – direct cost Raising funds – allocation of administration, office and other costs Total Expenditure Raising Funds Administration, office and other costs Allocation to raising funds above 25% Support costs 75% Governance costs including £485 independent examiner’s fee Total Support and Other Expenditure	2022 2021 £ £ 216 216 569 208
	785 424
	2,276 832 569 208
	1,707 624 588 498
	2,295 1,122

4. Income

The income and result for the year are attributed to the principal activity as set out in the report of the trustees. The whole of the income is derived from the UK.

5. Grants

All grants made during the year are described in the Trustees’ Report and as shown as expenditure in note 2. Details of grants to organisations over £999 are available upon request. All grants were made to organisations and there was no personal benefit to any individuals

At the year end there were no commitments for grants that required to be provided or noted as contingent liabilities.

6. Staff

Since September 2014 the charity has had no employees and so no employee received over £60,000 per annum.

7. Trustees

None of the trustees have received any remuneration from the charity for services rendered. Details of transactions with related parties are set out in note 12 below.

8. Taxation

The company is a registered charity and, as all its income will be applied for charitable purposes, no liability to tax arises in respect of the year.

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2022 (cont’d)

9. Creditors

s
	2022	2021
	£	£
Accruals	485	485
	═══	═══

10. Analysis of Net Assets between Funds

Current assets Current liabilities	Restricted 2022 2021 General Designated Total Total Total £ £ £ £ £ £ 19,105 10,000 29,105 2,767 31,872 27,734 (485) -(485) -(485) (485) 18,620 10,000 28,620 2,767 31,387 27,249 Unrestricted Funds

11. Share Capital

The charity is limited by guarantee and has no share capital. If the charity has debts that exceed its assets, members and any former members who resigned within one year of the deficit are liable to contribute £1 each.

12. Related Party Transactions

The charity used an office rent free at its registered office (which is owned by Bruce Oliver and his wife).