2024-03-31-accounts - Eagles Wings

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Company No. 5165242 Charity No. 1105731

email: admin@eagleswingscharity.com

web site: www.eagleswingscharity.com

EAGLES WINGS (Limited by Guarantee)

FINANCIAL STATEMENTS YEAR ENDED 31 March 2024

Independent Examiner Peter Saltiel Church & Charity Accounts Service Ltd

EAGLES WINGS (Limited by Guarantee)

Reference and administrative details of the charity, its Trustees and advisers For the Year Ended 31 March 2024

	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 2024

Charity Name : Eagles Wings 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 Ltd 7 Planchadeau 23460 Saint-Pierre-Bellevue France Registered Charity Number: 1105731 Company Number: 5165242 Email address: admin@eagleswingscharity.com Website: www.eagleswingscharity.com

EAGLES WINGS (Limited by Guarantee)

Report of the Trustees (Including Director’s Report) 2023-24

The Trustees and Directors present their report and the financial statements for the year ended 31 March 2024.

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 focus in this financial year was to support people living in areas of extreme poverty and hardship in remote locations in India, Pakistan, Kenya, Uganda, Nepal and South Africa where we have trusted partners on the ground who will fulfil our objectives and give us regular feedback and accountability of grants made.

ACHIEVEMENTS AND ACTIVITIES REPORT

Eagles Wings trustees made visits to Kenya, India, Pakistan and Argentina but these were paid for privately by themselves and there was no cost to the charity. This enabled us to see first hand the invaluable work being done by our partners on the ground with our grants.

Simple monthly grants of £200 to £300 enable provision of sanitary pads to girls in Kenya and during term time we were reaching 4 to 5 schools per month with trained medical staff on hand to answer questions and give training and teaching on girls health.

The nursery and primary school in Pakistan has increased in number with over 100 boys and girls attending monthly with an English curriculum. We were able to support with the

purchase of desks, chairs, a computer and help cover teachers’ salaries. This is a very low income region and particularly allows girls to go to school.

The South Africa project continued supporting leadership training and strategic travel into poverty stricken rural and tribal areas of South Africa and Mozambique particularly in areas of conflict.

Tribal areas in the Araku valley, southern India were targeted with food and clothing. These communities have little contact with the outside world living in mountainous and forest areas. Monthly trips were made by jeep, boat and on foot hiking with supplies into areas where many children are running wild. The commitment of our partners to support and help these tribal groups is exemplary.

We had heard of similar work happening in remote areas of northern Argentina towards Chile and Peru amongst indigenous peoples living in forest areas. An exploratory visit was made with known contacts in country who had a heart for these people based in Salta, one of the northern provinces, to help initiate similar programmes with food and clothing. This will be developed in 2024-2025.

In Uganda, we have helped other UK charities and groups with financial controls and policies in country which can be a challenge. Our previous experience of employment, contracts, MOUs, banking and safeguarding has been invaluable. Without the monthly financial burden of running a medical centre it has enabled us to develop new relationships with community initiatives in the southern region and in Jinja and target the most needy causes.

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.

This year has been very satisfying and we genuinely believe that we have changed many lives for good. Our financial position is good too.

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 despite reduction in funding.

FINANCIAL REVIEW

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

It is our desire to see and help provide for sustainable initiatives that become self sufficient due to good local management.

Income for the year was £32,787 (2023 £22,783) and expenditure was £22,531 (2023 £25,629) with net unrestricted funds of £38,275 (2023 £27,619) and a restricted fund balance of £922 (2022 £2,767. 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 21[st] August 2024 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 2024 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 Ltd 7 Planchadeau 23460 Saint-Pierre-Bellevue France

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

Dated 22nd August 2024

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EAGLES WINGS (Limited by Guarantee)

Statement of Financial Activities and Summary of Income and Expenditure Account

Year Ended 31 March 2024

Unrestricted Notes Funds £ Income from: Donations 3 19,936 Investment income - Interest 112 Total income 20,048 Expenditure on: Raising funds 180 Charitable activities 9,212 Total 9,392 Net Incoming Resources 10,656 Fund transfers - Total Funds brought forward 27,619 Total Funds carried forward 38,275	Restricted Funds £ 12,739 - 12,739 - 13,139 13,139 (400) - 922 522	Total Total Funds Funds 2024 2023 £ £ 32,675 22,780 112 3 32,787 22,783 180 270 22,351 25,359 22,531 25,629 10,256 (2,846) - - 28,541 31,387 38,797 28,541

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 2024

	Notes		2024		2023
			£		£
Current Assets:
Cash at bank		38,691	38,691	28,187	28,187
Debtor – tax recoverable		591	591	839	839
		39,282	39,282	29,026	29,026
Creditors:
Amounts falling due within one year	9	(485)	(485)	(485)	(485)
Net Current Assets		38,797	38,797	28,541	28,541
Funds:	2 & 10
Restricted funds		522	522	922	922
Unrestricted funds
Designated		10,000		10,000
General		28,275		17,619
			38,275		27,619
Unrestricted and Total Funds		38,797	38,797	28,541	28,541

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 2024 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 21[st] August 2024 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 2024

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, 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 2024 (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 2024 (cont’d)

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

Unrestricted Funds £ Income: Donations inc tax recoverable 19,936 Investments: interest 112 Total Income 20,048 Expenditure: Raising funds: Direct and shared costs 180 Charitable Activities: GRANTS: Uganda 1,285 South Africa - Kenya 3,877 India 900 Pakistan 700 Nepal - Covid - - Uganda - Kenya - Other 1,500 Total grants made 8,262 Other direct costs of supporting projects - Support costs regarding projects and grant making 950 9,212 Total Expenditure 9,392 Net movement in funds 10,656 Transfers to/from funds - Funds brought forward 27,619 Funds carried forward 38,275 Represented by: Debtors - tax recoverable 591 Cash at bank 38,169 Creditors and accruals (485) 38,275	Restricted Funds Uganda Sth Africa Other £ £ £ 2,595 10,144 - - - - 2,595 10,144 - - - -	Total Funds Total Funds 2024 2023 £ £ 32,675 22,780 112 3
20,048		32,787 22,783
180 1,285 - 3,877 900 700 - - - - 1,500		180 270
	2,595 - - - 10,144 - - - - - - - - - - - - 400 - - - - - - - - - - - - 2,595 10,144 400 - - - - - - 2,595 10,144 400 2,595 10,144 400 - - (400) - - - - - 922 - - 522 - - - - - 522 - - - - - 522	3,880 14,753 10,144 2,800 3,877 - 900 - 700 - 400 1,720 - 311 - 593 1,500 3,889
8,262 - 950		21,401 24,066 - - 950 1,293
9,212		22,351 25,359
9,392 10,656 - 27,619		22,531 25,629 10,256 (2,846) - - 28,541 31,387
38,275		38,797 28,541
591 38,169 (485)		591 839 38,691 28,187 (485) (485)
38,275		38,797 28,541

EAGLES WINGS (Limited by Guarantee)

Notes to the Financial Statements

Year Ended 31 March 2024 (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	2024 £ - 180	2023 £ - 270 270
	180
	465 180	1,078 270
	285 485	808 485
	950	1,293

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 2023 (cont’d)

9. Creditors

s
	2024	2023
	£	£
Accruals	485	485
	═══	═══

10. Analysis of Net Assets between Funds

Current assets Current liabilities	Restricted 2024 General Designated Total Total £ £ £ £ £ 28,760 10,000 38,760 522 39,282 (485) -(485) -(485) 28,275 10,000 38,275 522 38,797 Unrestricted Funds	2023 Total £ 29,026 (485)
		28,541

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).