## _**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:
- To spread the gospel of Jesus Christ across the nations through effective face to face evangelism, use of the media including the internet, radio and television and publication of materials or other literatures for the promoting and spreading of the gospel
- To build a godly community through identifying people’s social and spiritual needs and facilitating ways to meet those needs
- To actively engage in a continuous collective global community based evangelical works to raise disciples in the different communities across the nations for the continuation of God’s work within the local communities
- To co-operate with other churches or similar bodies for the relief of poverty and for other charitable purposes that are for the benefit of mankind.
- To relief poverty
- To advance education for the benefit of disadvantaged children
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and activities**
Eagle Power Ministries Internationalis committed to enabling and empowering people in the community to serve their purpose through:
- Affording the knowledge of God to the community at large through evangelistic work and encouraging people to worship with us and seek eternal life salvation through the Lord Jesus Christ
- Working with other churches with similar objectives to achieve greater results in enabling and empowering people through the word of God and in offering practical help and assistance to the needy
- Congregational community and missionary work including offering practical help, advice and assistance to the homeless, unemployed and others that are less able in the society
- Enlightening congregation members and the community at large with the gospel of Jesus Christ through face to face evangelism, weekly Radio and TV broadcast, publication of teaching materials on the worldwide web, face to face bible studies and weekly prayer meetings
Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023
2
- Providing necessary support to new converts to grow and develop in their new found faith through effective pastoral care
- Community wide empowerment projects for the benefit of mankind in the wider community
- Impart life through support in training and development to empower people through the improvement of skills, knowledge and training.
- Supporting people in various communities in challenging times with food and services like care and counselling.
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;
- Weekly worship, prayer meetings and bible studies
- Community wide evangelistic outreach and missionary work
- Advancement of the Christian religion by promoting knowledge of salvation through
- Christ with face-to-face evangelism, publication of teaching materials on the World Wide Web and regular Internet TV and radio broadcast
- Provision of pastoral care for the congregation, local community and new converts to help them live a sustainable life in their new faith.
- Minister on duty call- Gives opportunity for anyone to call and speak to one of our leadership team on challenges and lead to face-to-face counselling sessions.
- Social media prayer and counselling opportunities is free for all local and abroad.
- Career counselling surgeries are done which others help people about CV writing, improving grades in secondary school and building student confidence in BAME background.
- We provide Pre-marital and Marital counselling for ladies and men based on biblical belief and good experience from top advisors in the field marriage and its issues in current world and in the church.
- We advocate continuing self -development and business enterprise through seminar sessions and practical advice.
- We encourage home ownership, which reduce or takes reliance on social housing.
- Eagle Power Ministries International respond to local needs like food banks.
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
- Creating and empowering and developing skills, resources, systems to make impart and selfreliance etc. 5. International support for Girl Child Education. £10,000.000 - improving girl education and health. - Improving personal Hygiene. 6.Supporting of Sanitation Project in the Third World. £20,000,00 - Helping local Communities to improve life. - supporting the poorest in the third world - Improving toilets and school facilities in third world. 7.Health and Environmental and sustainable Projects. £100,0000.00. - Making Communities adopt healthy lifestyle. -Reduction of Co2 - Sustainable Systems to bring environmental and remising pollutions.
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:
- Reaching out to the homeless most especially the single homeless and enabling them to have a new start through help with finding privately rented accommodation, training and life skills
- Empowering the unemployed through provision of advice and assistance, life skills and jobhunting advice, etc.
- Enabling the vulnerable in the society through face-to-face surgery in, advice, mentoring and necessary spiritual guidance
- Facilitating a multi-agency approach in addressing issues affecting the vulnerable in the society through developing a joint working approach with other existing bodies, charities and local support groups
## _**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:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principle in the Charity SORP;
13 Eagle Power Ministries International: Trustees’ Report and Financial Statements 2023
- Make judgments and estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
-
## **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:
**----- Start of picture text -----**
……………………………………….. …………………………………………..
**----- End of picture text -----**
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:
- Adequate accounting records have not be kept;
- The financial statements are not in agreement with the accounting records
- We have not received all the information and explanations we require for our audit.
## **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