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← Eagle Power Ministries International

2023-12-31-accounts

EAGLE POWER MINISTRIES INTERNATIONAL.

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Charity number: 1137308

Eagle Power Ministries International : Trustees’ Report and Financial Statements 2023

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31ST DECEMBER 2023

Eagle Power Ministries International is governed and administered by an executive board comprising of the Board of Trustee and the Church Management Council. The Board of trustee provides strategic leadership and directions for Eagle Power ministries International and the Church Management Council is largely responsible for the day-to-day administration and running of the church. There are currently three serving members in the board of Trustees and five serving members in the church council and they are:

Board of Trustees

Chairman of Board Trustees and Management Team - Rev.Dr. Henry Biney Coordinator of Operations- Pastor Stanley Antwi. Finance Team/Treasurer. Ms. Janet Akua Agyeiwaa. Minister Palicious Kwame Nkromah.

Church Management Council.

Yaw Owusu Sekyere Rebeeca Redan. Minister Andree Barrows. Mr. Peter Kwarteng. Rev. Portia Biney Catherine Mensah Minister P. K Nkrumah Minister Emmanuel Prepah Lucy Agyemang Phyllis Odoom Mrs. Felicia Anderson Mr Eduosei.

Charity registered number

1137308

Registered Office 14 Chandler Court, 340 Bensham lane Thornton Heath London CR7 7EQ

Website: www.newwaveschapel.com

Email: eaglepowernb@yahoo.co.uk

Independent examiner

Rich Brother Accountants Ltd, 28 Camberwell Road, London SE5 0EN

Bankers

Natwest 209 Lower Addiscombe Road, Croydon. CR0 6RB.

1 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

Solicitors

ChipatisoAssociates, Suite 1, Office 1-2 Chapel Road Ilford Essex IG1 2AG

TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023

The aims and purpose of Eagle Power Ministries International is to promote the Christian religion through activities and events recommended and approved by the leadership of the charity has identified and approved the following as our main aims and purpose:

OBJECTIVES AND ACTIVITIES

Objectives and activities

Eagle Power Ministries Internationalis committed to enabling and empowering people in the community to serve their purpose through:

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

2

3 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

In planning our activities for the year, Eagle Power Ministries International has considered the Commissioner guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. For wider public benefit purposes, the Charity in the course of the year has actively engaged in both congregational and community wide activities that are geared towards promoting social inclusion and empowering people to live a sustainable Christian life. Amongst them are;

4 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

In carrying out our activities both within and outside our worship centre, we always ensure that we do not compromise the core principles of our statement of faith as set out in our governing constitution.

REVIEW OF ACTIVITIES AND PERFORMANCES 2023.

Department Activities Impact
Community
Outreach &
Missions
(Evangelism
and
Counselling
Services.		 In 2023, We did some very useful Charity
activities in the community with the aim of
supporting people with food items and other
educational support to meet the need to
people in the community.
There is going free services by the charity to
our communities and London as a whole. we
have been able to reach out extensively to
our community through our free counselling
services on marriage, drug addiction and
other common struggles in our communities
as we started this programme some years
back and still on going. We have imparted
lives and many families are transformed.
We continued with advancing the Christian
Faith through sharing the love of God in our
communities by kingdom materials and
books written by members of our charity.
The members of our community prayed for
issues in London and UK as a whole with
individuals and families throughout the
pandemic. Our free church community is
growing and many people receive words of
wisdom and encouragement by the
leadershipwho are trained to support in		 1. Donation of items to families in
the community, support to feed
the hungry, vulnerable and
homeless in the community
with support.
2. Increased number of people
reaching out to our free
counselling services and support
services through prayers and
visitation(Zoom, social media
and face to face).
3. Increased number of people
connecting and participating in
our collective worship services
from the comfort of their home
as a result of our live streaming
on Facebook and other social
media outlets.
4. Increased awareness of the
existence and activities of the
charity in the local community.

5 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

challenging times. This makes them to have
ownership of issues of their life.
Change
Generation
(Youth
Department)		 The Youth and Young Adult ministry is
growing and many are getting solution to
the growing challenges that they face by the
constant and teaching from top consultants
and specialists from different field of
services and professions. Our weekly
programme is focus on the total
development of the youth in the church;
helping, mentoring and supporting young
people and their families/parents are now
done online.
Our annual year’s youth Day- Bringing all our
Youth and Young adults together to socialise
and fellowship enhancing their skills and
talents; giving our society hope and peace
for the future. The skills learnt in these
services are making them more confidence
and ready to serve the church and the
community.
Free home support -Other activities include
free counselling.		 1. Excellent GCSE and A Level
result are improving yearly.
Most of our youth aspiring to
pursue university
routes/courses. Many of our
youth members got admission
into top universities in the UK.
2. More confident youth and
young adults. Eg Sharing their
skills and abilities with their
friends outside the church.
Most of them become very
productive in supporting the
good reports from Teachers and
Parents.
3. Our youth discovering their
potentials thereby fulfilling their
destinies and dreams
4. Developing Cooking skills,
relationship and friendship
improved. Many have built up
the potentials for excellent job
interviews skills and work place
approach.
5. Increased numbers in our youth
department.
Young Adults
Department.		 This is a department that is add more value in
terms support and day to day in our community.
The vision is to empower our young adults in
finding their identity, talents and getting them
prepared and ready for the real world of work,
marriage, business, finance among others.		 This is a new department created but the
impact is already attainable:
1. Monthly programme and targets
setting workshop set up for the
young adults in the church and
reached out/extended to our
community.
2. Imparting their peers in positive
attitude in their social and spiritual
growth.
3. Contributing and Participation in
community life.
4. Supporting and serving the elderly in
the church.
Transportation
Development.		 People are enjoying our church transport system
from members who continues picking up and
droppingmembers to and from church,and other		 1. Increased attendance to meetings
due to free transportation to and
from church.

6 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

activities involving travelling. These services were
affected due to covid19 rules.		 2. Support for the Elderly in our
community. extending them to their
doors or car park.
Spiritual Growth
& Development		 The community of New Waves Chapel meet on
Wednesday, Friday and Sunday of every week with
the
purpose
of
community
prayers,
interdenominational
and
collective
worship
services. One to one counselling is day to day,
prayer for the needy and the people challenging
situation are always given the right direction with
our top developed leadership by the guidance of the
Holy spirit and the senior leadership. Many of the
Women and the Men’s Ministries are growing in the
walk with God and their life as a whole. We can say
the ministry in moving forward in its vision and
Mission as a community.
Eagle Power Ministries International (New Waves
chapel) Music department is growing as they
minister with anointing and joy to our services.		 1
Members mature in the
knowledge of God
2
Developed their prayer life
3
Enhanced how members live as
responsible citizens of the country
and their communities.
4
Members are happy with the
opportunities the church is giving
to them as a community.
5
Various departments are led by
experienced professional with
years of experience and ministry
training.
6
Day to day support for all
membership.
7
New Membership training equip
them face reality.
8
Children Ministry is growing and
parents have time to focus to
worship. They are receiving more
series of teachings on bible
standards.
9
Testimonies are shared in our
services to encourage and
challenge others to make
decisions to the next level.
10 Membership is becoming more
stronger and intercommunication
skill is becoming lovely and
enjoying.
11 Marriages and parenting in the
community is becoming more
coordinated and moving in a
peaceful pace.
12 People can free share their
resources to support the growth
and the development of the
community.
Ministry of
Ministers(
Leadership
Team).		 Some of our ministers are working in all diverse
areas of our community. They are the head of
various departments of the church. They serve
totally weekly with love and respect to the church
and also serve various sectors of our local
community. Some of the team member are trained
to look for the needs in our local community and
how to solve it. E.g., food banks, homelessness,
Migration issues,DrugAbuse etc		 1. More trained leaders for counselling
and community support
2. More leaders officiating and leading
collective worship activities,
therefore offering capacity to reach
out to more people within the time
allocated for our services
3. Giving their experienced services to
the church and the large community.

7 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

4. Qualified to lead Christian
programme and other community
service like praying for the sick and
support to challenging issues like
Abuse and street marriage issues in
the community.
Men of Faith
(Men’s
Fellowship.)		 Men’s Fellowship continues to grow from strength
to strength. The ministry empowers men to grow in
their spiritual life, business life, social and marriage
life.
We continue to offer free counselling for men
struggling with drug addictions, financial
management, marital challenge, Mental Health,
unemployment, low self-esteem among others.
There now church App that the men can share
their views and challenges. We use this also to
celebrate birthday and marriage ceremonies. They
are serving in various departments and supporting
the vision of the ministry.		 1. Equipping and Empowering men on
how to live spirit filled and fulfilled
lives,
2. Being family minded and
3. Serving God and their communities
with their life styles.
4. Increased confidence levels in men
and
getting
involved
in
more
activities in the church and their
communities than they used to do
before.
5. Develop
business
skills
and
encourage
to
set
up
personal
business.
6. Men are sharing their strength and
opportunities to build each other.
7. Organise and encourage one another
in the community.
8. Strong leadership abilities developing
yearly.
Daughters of Zion
(Women’s
Ministry).		 This ministry attracts ]women from all walks of life,
and was specifically designed to get women
interacting, networking and discussed issues facing
women in our world today. The Women is
imparting and affecting life locally, nationally and
globally. The plans and their systematic
programme are setting most women free and
transforming them to become better person.
These have resulted in various of healings,
marriage improvement and restoration, confidence
is restored to try new things in their lives. Women
are making and taking news level which adding
value to their life and family.
There are areas of growth in the women’s ministry
that have contributed greatly to the church and
the ministry as whole. Time will not allow the
leadership to show the positive contribution they
have made this year.
We also continue to offer free counselling for
women struggling with everyday stress of life and
how to find their identity and place in life amidst all
the challenges that life throws at us		 1. Our women have also grown in
confidence and marriages are being
restored
2. Decrease in stress levels
3. Networking links formed with other
women and organisations
4. Positive contributions towards
family life and life in general
5. Supporting each other and
participation of programme is
excellent.
6. Training and development is
ongoing.
7. Effective and enhance weekly
activities.
8. Prayer and healings programme.
9. Women Empowered to make
decisions and take control of their
own destiny through systematic
teaching of the Christian Faith.
10. People freely show their ability to
help the helpless in our community

8 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

which is good sign Economic
freedom.
Rising Stars
(Children
Department)		 This department is fully functional and well-
resourced children’s department with several
qualified teachers who are CRB checked.
Free Tuition organised by the qualified teachers in
the church for our primary school pupils
Annual Children’s Day programme in church
Summer play scheme.
Our Sunday school teachers had the opportunity to
attend trainings programmes as part of their
continued professional development on how to
build a dynamic teaching ministry for maximum
impact.		 1. Training our children in the way of
the Lord
2. Developing confident and
responsible children
3. Support with homework
4. Summer time used productively
5. Enhanced training for Sunday school
teachers as a result of attending the
conferences
6. Feedback from Parents are always
very positive.
7. Children are growing weekly in the
doctrines of the Bible.
8. Looking into developing our
resources.
Financial Services
(Finance
Department)
Future Projects
for Funding.		 This department creates a very positive effect on
the finances of the church and the offerings raised.
The strong team are working daily for effective
running of the department. We need these
resources to enable and enhance our counselling
programmes for members needing them. We are
looking and working from all areas to such funds to
bring the vision into reality. It is ongoing vision.
1.Looking for funding for Education for Primary and
secondary school Poor children support. £250,000.
00
-For paying teachers and facilities for improving
their abilities.
2.Feeding Programme for the Poorest in our
communities. £350,000. 00
- Helping food banks in various communities in the
UK.
3. Women Empowerment and children support.
£500,000.00
- Making Women receive training and skills to
develop their abilities. Children with challenging
needs.
4. Big Building for community Development for
Training & Development. £5,000.000.00
- Centre for Training to boast abilities and skills in
all sphere of careers training and development.
etc.
Building strong empowerment to build future
leaders.
5.Developing Skills and Support Young Adults and
Youth. £ 3,000.000.00		 1. Free counselling programmes
2. Financial management/freedom
form debt training for all members
3. Top Finance consultant and senior
accountant works with for quarterly
and annual report to the Trustee and
the charity commission.
4. Planned Programmed for support for
the needy in the church.
5. Building a strong financial support
for future of the ministry.

9 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

10

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

We have continued as before to provide people in the community at large the opportunity to become members of our church to serve in a ministry dedicated to life changing teachings and support, worship, prayers and global evangelism and community missionary work. The achievements and performances are further elaborated below:

Worship and Prayer

We hold regular prayer and Bible studies Prayers, Prophetic services respectively on Wednesdays Fridays and Sundays. The combinations of these meetings have helped members to grow tremendously in their faith and in turn has helped improved their commitment to provide a godly service to the wider community at large.

Community wide evangelistic and missionary work

We have continued with advancing the Christian religion through radio and webTV broadcast and also through distribution of our church flyers to the local community to encourage people attends our service and become members of our church.

We are currently in the process of rolling out a community wide new start project aimed at:

Advancement of the Christian religion

Eagle Power Ministries International in the course of the year dedicated itself to the advancement of the Christian religion through face-to-face congregational teachings, community evangelistic and

11 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

missionary work, publication of teaching materials for public use and in particular by spreading the gospel through media and multimedia channels such as Web TV, radio and the world wide web. The overall objective of charity is to take the church beyond the four corner walls and actively spread the gospel of Jesus Christ across the globe through face-to-face practical teachings, effective media ministry and also by engaging in various charitable objects that are beneficial to mankind.

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

Provision of pastoral care

The Charity puts the welfare of its congregation and the community it serves at the heart of its yearly objectives. During the course of the year, the Eagle Power Ministries International collaboration with the founder and resident pastor organised visits to members houses who were unable to attend service due to one reason or the other, organised group intercessory prayers for the community and nations and through the Communitywide project provided advice, assistance and wider support to the public at large on matters relating to homelessness, unemployment and other societal maladies.

Empowering people through join working relationship with other churches

Through active evangelism and effective networking approach, Eagle Power Ministries International has over the years managed to form and maintained a meaningful joint working relationship with other ministries that has similar objectives for the purpose of empowering people in the community at large.

In collaboration with New Waves Chapel as a Body of Christ organisation facilitated by Eagle Power Ministries International. The Charity as a ministry continues to impact and change life through various the primary objective of is for the Body of Christ to work in unity to transform lives globally through practical expressions of God’s love by works of charity that are beneficial to mankind.

12 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

The trustees present their annual report together with the unaudited financial statements of the charity for the year ended 31[st] December 2023. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

REVIEW OF FINANCIAL POSITION

The financial statements covered the operation of Eagle Power Ministries International and they have been prepared in accordance with the requirements of the 2005 Statement of Recommended Practice (SORP)

For the year ended 31[st] December 2023, the financial activities show total incoming resources of £126,189 (2022- £121,157), which is the total tithes and offering donations and gift aid. This was expended main on charitable activities and total expenditure amounted to 130,342 (2022 - £123,060 ). We closed the year with a net operating loss of £4153. The loss is due primary to the expenses related to our new location and community commitment.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees are responsible for preparing the Trustee’s report and the financial statement s in accordance with applicable law.

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

13 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity, hence taking reasonable steps for the prevention and detection of fraud and other irregularities

This report was approved by the Trustees on 20[th] October 2024 and signed on their behalf, by:

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Dr. Rev. Henry Neil Biney Ms. Janet Akua Agyeiwaa Chairman/Head of Trustees Head of Finance Team/ Treasurer

INDEPENDENT EXAMINER’S REPORT OF THE MEMBERS OF EAGLE POWER MINISTRIES INTERNATIONAL

We report on the financial statements for the year ended 31[st] . December 2023 which are set out in pages 8 to 10. This report is made solely to the Charity’s Trustees, as a body.

14 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

Respective responsibilities of trustees and examiner

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the financial statements.

The charity’s trustee consider that an audit is not required for the financial statements (under section43 (2) of the Charity Commission (under section 43(7) (b) of the Act), and to state whether particular matters have come to our attention.

Basis of Independent examiner’s report

Our examination was carried out in accordance with Charity SORP. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of our examination, no matter has come to our attention: which indicates that:

Julius Olaogun

For and on behalf of

RICHBROTHER ACCOUNTANTS LTD CHARTERED ACCOUNTANTS AND TAX CONSULTANTS 28 Camberwell Road LONDON, SE5 0EN

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31[st] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

15

Note
INCOMING RESOURCES
Incoming resources
Voluntary income
2
Gift aids
3
Radio
Post Code Society
Furlough salary grant
4
TOTAL INCOMING RESOURCES
OUTGOING RESOURCES
Cost of generating funds
5
Charitable activities
6
Government costs
7
TOTAL RESOURCES EXPENDED
NET INCOMING/OUTGOING
RESOURCES B/F TRANSFER
Balances brought forward at 1 Jan
Net incoming/(outgoing) resources
for the year		 General
Restricted
Total Fund
Total funds
Funds
Funds
2023
2022
£
£
£
£
108,455
-
108,455
110,213
17,214
-
17,214
10,944
520
-
520
-
-
-
-
-
-
-
-
-
126,189
-
126,189
121,944
73,565
-
73,656
67,257
42479
-
42,479
49,762
14,298
-
14,298
6,041
130,342
-
130,342
123,060
-4153
-
-4153
-1903
55,986
-
55,986
57,889
51,833
51,833
55,986

BALANCE SHEET AS

AT 31[st] DECEMBER 2023

FIXED ASSETS

£ £

Note

16 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

Tangible assets:
Total fixed assets:
9
CURRENT ASSETS
Cash at bank and in hand:
10
CREDITORS
Amounts falling due within one year:
Net current assets (liabilities):
Total assets less current liabilities
CREDITORS
Amounts falling more than one
year:
Total net Assets (liabilities)
FUNDS
UNRETRICTED FUNDS:
General funds
RESTRICTED FUNDS:		 72,225
72,225
72,225
72,225
6,190
1,148
6668
268
72,037
79,782
19,914
21,893
51,833
57,889
51,833
57,889

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

17

Basis of preparation of account

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standard, the Statement of Recommended Practice " Accounting and Reporting by charities" issued in March 2005 (SORP 2005) and the Company Act 2006

Cash flow statement

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the ground that the charity is small.

Fixed assets

All fixed assets are recorded at cost

Depreciation

Depreciation is calculated as a write off of the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows: for the current period no depreciation is charge.

Taxation

The charity is exempt from Income on its charitable activities but is not exempt from Value Added Tax. Irrecoverable VAT is included in the cost of those items to which it relates.

2.VOLUNTARY INCOME

£

Tithes and offering 108,455

2023

18 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

Radio
Radio
Total

Restricted Income

Gift aid
4. Furlough
grant

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

19

5.COSTS OF GENERATING VOLUNTARY INCOME

Media, Advertising & related
activities to generate funds
Telephone lines.
Council tax (Business Rate)
Insurance
Vehicle &Travelling expenses
Printing and stationery
Power
Cleaning and maintenance
Programmes and conferences
Refreshment/ ceremonies
Training
Repair/ equipment
Donation
Maintenance
Web design
Bank charge
Water Charge		 General
Restricted
Total
Funds
Funds
2023
£
£
£
2,587
-
2,587
2,995
-
2,995
792
-
792
3,344
-
3,344
653
-
653
735
-
735
2,458
2,458
2,354
2,354
9,353
9,353
1,489
1,489
6,542
6,542
2,456
2,456
1,100
1,100
2,950
2,950
544
-
544
1334
-
1334
793
-
793
42,479
42,479

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

20

6. COSTS OF CHARITABLE ACTIVITIES BY FUNDS TYPE

6. COSTS OF CHARITABLE ACTIVITIES BY FUNDS TYPE
New waves radio services
Church building, Hall hire and council exp
Special Supports to the Needy in and outside the
ministry
Honorariums
Community involvement feeding project
2 project manager fees
Welfare and hospitality to members
Volunteers’ fees to church projects.
Direct Community involvement		 General
Restricted
Total
Fund
Funds
2023
£
£
£
-
140
400
46,000
-
46,000
9,880
9,880
1564
-
1564
7786
7786
1,777
1,777
2,922
2,922
1,000
1,000
2,496
2,496
73,565
73,825

7.GOVERNANCE COST

7GOVERNANCE
.
COST
Administrative
Accountancy fees
Legal and professional cost		 General
Restricted Total
Cost
Cost
2023
£
£
£
13,548
-
13,548
750
-
750
-
-
14,298
14,298

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED

31[ST] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

21

8.STAFF COSTS AND EMOLUMENTS

Total Staff costs were as follows:

Wages and salaries &

2023 £ 0

Particular of employees:

The average number of employees during the year is none

9. Depreciation

No depreciation is charge for the current period

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED

31[ST] DECEMBER 2023

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

22

10

Main Account
Saving
Total
11 General Funds
At
Retained incoming/outgoing) resources
Transfer		 2023
6,190
0
6,190
2023
£
-4,153
55,986
-
51,833
12. Restricted Funds
2023
£
At
Retained incoming/outgoing) resources
 Nil
Transfer -

Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023

23