Charity Registration No.: 1156196 EAGLE'S NEST-- TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024
EAGLE'S NEST PROJECT LEGAL AND ADMINISTRATIVE INFORMATION Trustees.....- .J. Edmonds D. Layzell P. Meekings (from January 20241 S. Reilly M. Watson Charity Number.. . 1156196 Operating Address. The Old Vicarage 2 Main Street, Branston, Staffordshire DE14 3EX Registered Office......................-. . l Greenvale Close Burton upon Trent Staffordshire DE15 9HJ Independent Examiner....... ,Alexander Accountancy 12 Granarywharf Business Park Wetmore Road Burton upon Trent Staffordshire DE14 IDU Bankers. -The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT Nationwide Building Society Nationwide House Pipers Way Swindon SN38 INW Page 2 of 15
EAGLE'S NEST PROJECT CONTENTS Pa Trustees, Report................. Independent examiners, report................................................... Statement of financial activities. io Balance sheet.............................................................................. li Notes to the accounts................................... 12 Page 3 of 15
EAGLE'S NEST PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their report and Eagle's Nest's financial statements for the period ended 31 August 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charit¢s governing document and 'Charity Reporting andAccounting.' The Essentials Morch 2015,, meeting the requirements in the FRS 102 Charities SORP. Objectives and Activities Alms Eagle's Nest's objectives, as set out in its Constitution: To advance alternative educational provision for children and young people across the UK who are not able to engage effectively within the mainstream educational settin& with the aim of improving their future life prospects. The Vision Every young person realising their potential Our Mission is to awaken the potential and inspire dreams in young people not effectively engaged in mainstream education. Long Term Goals A.. To provide impactful solutions that result in increased wellbeing for each young person. B- To build skills and positive attitude changes towards young people resulting in systemic changes in mainstream education. Core Values Rooted in Christian values of love and acceptance of all, the values are: Acce t. We believe in accepting every young person as they are, no matter what their history, no- one gets turned away based on their past. Belief: We believe that every young person is uniquely valued and has something positive to offer. Relate: We believe that modelling positive behaviour is the best way for students to learn what they have not seenlexperienced before. Artivities It has been another significant year in the story of Eagle's Nest. We have continued to settle into our new space, finding funding to support developments of the property. some essential (substantial roof improvements) and some that enhance the space for our younE people and make it more fit for purpose moving forward (sensory path, outdoor seating and other outdoor space developments). The team see the benefits each day that this building allows compared to the shared spaces we operated f rom previously. It has proved time and again to be a p051tive step for the organisation and those we support, and we are determined to secure this long term by March 2026 through our ongoing building fund efforts. In March 2024, we celebrated 10 years as a charity. A fantastic weekend of fundraising and celebration saw professionals, community members and supporters alike coming together. Local businesses got behind the auction event, donating items to raise funds and community members attended to support these efforts. Many young people and families returned to see the new Page4of 15
EAGLE'S NEST PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 premises and celebrate with us, recognising the significant part Eagle's Nest had played in their story. It was fantastic to share this weekend and be reminded of the benefits for those we support and the long-term difference the work of the charity makes. Speaking to young people in their early 20's who we supported as young teens and hearing how they have gone on to develop their skills and make choices that support a posltive future was so inspiring and reminds us all how essential the work of Eagle's Nest is in providing real and lasting change in the lives of those we support. These birthday celebration5 were a significant marker in the year and have provided a focal point of celebration, but lots more has also moved forward. We have continued to seek partnership and support from local businesses and grant making foundations to partner in achieving our huge ambitions and are grateful for the new relationships that have developed this yearto move us closer to our goals. We continue to be in a period of huge expansion as we maximise the use the new property allows us and develop the staff team to match. We recognise that we cannot make this step of growth without the support we receive in all its forms from all involved and are continuing to seek further partnerships to consolidate on the progress this year. We knew we had set significant funding targets this year and it is through the generosity of partners and supporters that we have met these targets. We know these targets will continue to be ambitious until we have secured the building but have been so encouraged by the progress this year and are confident as we continue on this journey. The charity continues to increase its reach, with an increase this year in advice and support requests as we are commissioned to work with more complex cases, delivering and advising on approaches that will bring positive change. Referring agencies continue to turn to Eagle's Nest to provide solutions for some of the most vulnerable teens in the education and care system, evidenced in the significant increase, once again, in earned income this year, (almost 30Y.l. As we grow at such a rapid rate, we are mindful of ensuring the quality we deliver is maintained through careful planning, training and support of the team. Clear strategic objettives and plan5 ensure this is managed effectively. Our partnership with the Centre for Social Justice continues as one of their alliance members. This has involved speaking into the national picture rega rding how alternative provisions should be managed and overseen nationally in order to ensure the best outcomes and solutions for all involved. We continue to seek opportunities both locally a nd nationally to enhance opportunities for young people, both promoting our work and advising others in order for a broad range of excellent opportunities to be available for those who need it. Achievement and Performance Across this year we have worked with 50 young people to provide 5,999 hours of direct support, delivering 15 different projects with over 1,300 hours of I:1 support. 66% of students said Eagle's Nest had made them feel more positive about education. In addition to these figures, we have given support and encouragement to those who have officially moved on but reach out every now and then. From updates about driving tests being passed, first jobs being secured and thriving at college to support with Cvs and references, we can be clear that we remain a stable point in the live5 of those we 5UPPOrt, long after they have left. Providing a stable and secure place of belonging for those who have become the lost and forgotten of a broken system 15 what makes the real difference. Page 5 of 15
EAGLE'S NEST PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 We continue to provide a place of safety and acceptance whilst longer term solutions are worked out. We seek feedback to ensure it can guide the ongoing development of our work and are always encouraged when this evidences the impact we seek to achieve for our young people, which is why these comments by a parent in Spring 2024 are so meaningful "It has been absolutely amazing for my son. I can never thank them enough for what they have done for him. Going to Eagle's INest) is the only time in education he is happy, confident and positive. Financial Review As we looked ahead last year, we talked about this being a year of consolidation a5 we found the funds to ensure we could secure the property and build capacity for the continued growth that is possible with this additional space. We want to ensure that all who need support can access it, and the new premises has allowed us to increase capacity in a significant way, so we need to ensure we have the f unding to allow this additional su pport to happen. With this in mind, an ambitious budget was written that required significant funding targets to be met. It is exciting to note that despite huge growth in expenses due to increased costings as we grow, the year finished with as much unrestricted funding as it started. and a significant growth in the building fund. This gives us confidence as we continue to consolidate in these years of significant expansion as we work to secure the property and expand the staff team. In this financial year we secured more grant-based funding than we had previously in order to support wtth these developments, managing to gain funding for developments that simply could not have happened without it, as well as support for the core costs and building fund. This period of growth in terms of building and staffing, brings with it a significant increase in the reserves required to underpin it. and trustees are aware that we ended the year with less than three months reserves against the new budget for 24-25. The board recognises this position in this time of growth and have weighed the risks carefully, recognising that in this period we are seeking to increase reserves, increase core funding support and provide finds for the building purchase to be completed. Whilst reserves have remained just below our chosen position, there has been significant growth in the building fund across this period, showing an overall upward trajectory to support the significant growth across the three-year period12023-261 in which we seek to secure the property freehold. Trustees maintain the longer-term intention to increase from the current 3-month minimum level to a higher level in light of additional responsibilities of managing a building and continue to actively exploring additional funding streams. Trustees continue to assess risk, and have a formal budgetary review scheduled at the midpoint of the year. We continue to be in an investment period that is deemed necessary to move things forward. During this financial year, we have, once again, seen incredible generosity from supporters and local businesses to increase the building fund, core cost giving and support the organisation through gifts in kind. We have also begun conversations with funding bodies to provide support with our building fund targets. We continue to recognise that a building is a considerable one-off expense, which cannot be paid for out of operating activities, so we are seeking significant donor support that will position us to achieve our strategic aims. We continue to explore new partnerships, recognising this is an exciting project to get involved in at this time, knowing support will leave a legacy to benefrt hundreds of young people in the future. We would love individuals and organisations to know they have been part of our story. Structure, Governance and Management Eagle's Nest is a Charitable Incorporated Organisation ICIOI. The governing document is the harity's constitution. Page 6 of 15
EAGLE'S NEST PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Appointment of Trustees Trustees are appointed by the current board. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Potential candidates are usually approached by one of the board members after agreement at a Trustees, meeting about whom would best serve the charity at that time. Upon a favourable response, they are appointed for a term of three years by a resolution passed at 3 properly convened meeting of the charity trustees. After three consecutive terms of office, a trustee must take a break of at least one year before being invited to sta nd for a further term, as per the charity's constitution. Trustees, induction and training New trustees, will meet with the Charity Director to discuss, ask questions and gain insight into the running of the charity. They are given copies of the constitution, the most recent financial accounts and the key Charity Commission document"The Essential Trustee" along with any other relevant documentation, including safeguarding policie5 and supporting documents and training. Trustees, skills audits are completed and updated with new appointments and trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Organisation The charity is organised so that the Trustee board meetings are held quarterly. Between such meetings there are email exchanges as necessary. The constitution states that a quorum of trustees lat least two or a third of the total number, whichever is greater) must be present at a meeting in order to vote on decisions to be made. There are no restrictions on the trustees, power in respect of the charity's investments. The trustees may invest and apply all the charity's monies in all respects as if they were absolutely and beneficially entitled thereto. Reference and Administrative Details The Charity name is Eagle's Nest Project, sometimes referred to as Eagle's Nest. The registered number of the charity is 1156196. Operating Address The Old Vicarage 2 Main Street Branston Staffordshire DE14 3EX Registered Office........................ IGreenvaleClose Burton upon Trent Staffordshire DE15 9HJ The Trustees, and who served during the period were.. J. Edmonds D. Layzell P. Meekings (from January 20241 S. Reilly M. Watson Page7of 15
EAGLE'S NEST PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Funders and Supporters As ever, a hu8e part of the stability of our finances is down to those who give regularly to the charity. Whether this is payments to the building fund. or to the core costs of the charity, we are so grateful for this continued support that allows US to plan and project with more confidence. We also received a huge amount of support for our birthday celebrations this year, with many local businesses providing gifts and services to be auctioned at our main fundraiser even, and others providing practical support and items for the celebrations with young people, along with hours of volunteered time. A special thanks for Rebecca Beaver who almost single-handedly pulled off the incredible auction event, contacting many local businesses to garner their support. We have continued to be blown away by the support shown by the local community this year. Gardening Staffs has continued to support by providing general gardening maintenance, FUSE4 have provided an updated corporate identity package and supporting website update, along with other supporting design work and BTB roofing helped with roofing repairs following storm damage. In addition, regular and one-off volunteers have supported with repairs and developments at the property. The local community and supporters from further afield continue to significantly invest in what we are building through time and financial giving. Trustees wish to thank everyone who has supported the charity in these ways. Further significant donations towards the building fund have seen us climb towards our end goal. We know that large grant funding bodies look favourably on organisations that Can show the community is behind them and the significant amount raised this year will help us to evidence this. We are so grateful to the individuals and organisations who have donated and know you are the provision that each gift is part of the provision that will see us reach our end goal. In addition, we received nine grants totalling almost £IOO,000 throughout the year. These range from money towards the building, to energy eff iciency reports and core cost or project specific funding, all of which have been used to support the charity in meeting its goals, (further details can be found in notes to accounts). Trustees are so grateful for a51 this sUPPOrt and are committed to ensuring all funds are spent wisely as the charity continues to grow, Plans for 2024-25 Plans for the year ahead see us grow the team again, adding a Project Lead Worker, in line with our five-year strategy, to ensure we are maximising capacity at the building and therefore supporting the maximum number of young people. We have set an ambitious target to incre35e our direct hours of support by a further 20Yo in the coming year and this appointment will help us to achieve that. In addition, we plan to appoint a small part-time role focussed on fundraising and bid writing. We have invested in agency support with some success in 23-24. but feel a specifically appointed, in- house role will be more effective. We therefore plan to introduce a 6hr post for 12 months in the first instance. We are excited that this will open new doors to funding. On behalf of the board of Trustees: D. Layzell Chair of Trustees) John Edmonds (Trusteel Date: 11 dlkthA£y Date: 11 20 Page 8 of 15
EAGLES NEST CHARITY BALANCE SHE FOR THE PERIOD ENDED 31 AUGUST 2024 Independent examiner's report to the Trustees of Eagles Nest Trust I report on the accounts of the Trust for the year ended 31 August 2024, which are set out on pages 9 to 14. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this period under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the general directions given by the commission under section 14515llbl of the 2011 Act to State whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. 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 you as 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 next statement. Independent Exarninerstatement In connection with my examination, no matter has come to my attention= 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accourTrting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or 121 to which, in my opinion, attention s accounts to be reached e drawn in order to enable a proper understanding of the Wayne Penlington FCC Alexander Accountancy 12 Granary Wharf Business Park Wetmore Road Burton upon Trent Staffordshire, DE14 IDU Page 9 of 15
EAGLE'S NEST PROJECT STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 AUGUST 2024 Unrestricted Funds Restricted Funds Total Total 2023 2024 Notes Incomln and endowments from: Donations 32,173 3,225 10,500 7,052 666 39,225 3,891 104,371 1,385 148.872 96,938 2,859 27, 595 1,009 128,401 Gift Aid reclaimed Grants received Interest received 93,871 47,283 101,589 Income & Endowrnents from: Bespoke courses Small Group Projects Training Total incoming resource5 90,495 169,740 1,050 308,568 90,495 169,740 78,350 108,745 101,589 410,157 315,496 endlture on: Raising Funds Fundraising event - Administration Total Expenditure on Raising Funds 1,274 1,274 275 5,809 7.083 275 Charitable Activities Travel 4,312 3,061 26,929 214,095 153 248,550 1,121 213 2,511 15,932 503 20,280 5.433 3,274 29.440 230,027 657 4, 393 3, 568 27, 503 167,719 101 203,285 Training Project resourcing Staff Costs Volunteer expenses Total Charitable ActivitTes 268.830 Support Cost Office expense5, rent and utilities Administration Insurance DBS Checks Trustee expenses Total Support Costs 31,171 13,661 3,195 115 316 10,965 6,294 42,136 19,955 3,195 115 32,277 31,571 3,126 102 475 67,551 316 65,717 Total ExpendTture 302,817 38,813 341,630 271,111 Net movement In funds 5,751 67,219 72,970 62,776 88,735 151,511 68,527 155.954 224,481 44,385 111 569 155,954 Fund balances at 1st September 2023 Fund balances at 31st August 2024 Page 10 of 15
EAGLE'S NEST PROJECT BALANCE SHEET AT 31 AUGUST 2024 2024 Note5 Current assets Debtors and prepayment5 Cash at bank and in hand 14,688 143,631 75,(K)O 5,723 81.782 Building deposit 75.000 Creditors: amounts falling due within one year Total net assets (8,8381 (6.551 224,481 Income funds Restricted funds 151,511 72,970 88.735 Unrestricted fund5 224,481 -'954 The accounts were approved by the Board on: D. Layzell {Chair of Trusteesl John Edmonds ITrusteel Page11 of 15
EAGLE'S NEST PROJECT NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 AUGUST 2024 Accounting policie5 Basis of preparation The accounts have been prepared under the historical cost convention The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice. "Accounting and Reporting by Charities" issued in March 2005 and the Companies Act 2006. b. Incoming resources Tax recoverable in respect on covenanted income, gift aid and bank interest is recognised in the Statement of Financial Activities when monie5 are receivable. All other income is recognised when the trustees are reasonably certain they will receive it, and that the value can be reliably measured. Grants receivable are credited to the SOFA in the year to which they relate. Expenditure is accounted for on an accrual basis and has been listed under headings that aggregate all the costs related to that activity. Costs of generating funds are those costs Incurred in attracting voluntary income. Charitable actiwties include expenditure directly associated with individual projects and support costs relating to those activities. Governance costs are those incurred in connection with the management of the charity and its assets, organi5ation administration and compliance with constitutional and statutory requirements. d. Accumulated funds Restricted f unds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of donors in so far as these are intended to be binding on the trustees. e. Value Added Tax The Charity is not required to register for VAT. All income and expenses include VAT where applicable. The restricted figure is reduced compared to last year. Last year's accounts included a one- off £75,000 donation for the building deposit, so was inflated. Unrestricted Funds Restricted Fund5 Total 2024 Total 2023 Grants received Consolidated Charities Magnify Screwfix TK M( KFC Bee Blessed Awards for All Christian Trust Fund Albert Hunt Trust SJP Foundation East Midlands Airport New Start - Additional Grant SCC Ltd Bisham Asset Mgt 5,CQO 'jU5 500 500 5(K) 20,000 50,000 20,0(K> 50,0 5,(K)O 8,671 9,3 5,0 2CX) 2(K) 8,671 9,300 200 200 Net Grants recetved 5,500 98,871 104,371 Page12of 15
EAGLE'S NEST PROJECT NOTES TO THE ACCOUNTS AT 31 AUGUST 2023 Employees Number of Paid Employees The total number of paid employees during the period was: 11 2024 Number 2023 Number Charitable Activity Employment Costs 2024 2023 Wage5 and salaries Inc. Social security costs 230,027 167.719 230,027 167,719 No employees received employee benefits, excluding employer pension costs, of more than £60,000. Debtors 2024 2023 Other debtors and prepayments 14,688 5,723 14,688 Creditor: amount5 falling due within one year 2024 2021 Accruals 8,838 6.551 8,838 Page13of 15
EAGLE'S NEST PROJEcr NOTES TO THE ACCOUNTS AT 31 AUGUST 2023 7 Restricted fund5 The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Balance at 1 Sept 2023 Incoming resources Resource5 expended Balance at 31 Aug 2024 Con501idated Charities Burton Screwfix 1,835 6,835 5,CKJO s Bee Blessed 500 Awards for All 20,000 8,671 9,300 200 18,314 3,541 4,623 1,686 5,130 4,677 2C() SJP Foundation East Midlands Airport SCC Ltd Bisham Asset Mgt Building Fund lincluding [50,000 grant from Christian Trust Fund} 200 2(K) 81,900 57,718 139,618 88,735 101,589 38,813 151,511 Consolidated Charities Burton £1,835 carried over from last year for room rental utilities, health and safety costs and linked set up for the new building. An additional £5,000 as a contribution towards the lIdIng rent. Screwfix £5,0(X) carried over f rom last year, to cover the c05t5 of a new sensory path constructed in the new building's garden. Bee Blessed £500 towards the set-up costs of the new group work focused SC7callY on working with boys, complTrnenting the gir15' groups that have already proved a succes5. Awards for All £20,000 towards the development and start-up costs of new project work, including the purchase of resources, staffing costs and training. The grant also contributed towards marketing and awareness raising costs, enabling the production of marketing materials and the hosting of the 10-year celebration weekend which also was an opportunity to raise awareness about the work and generate more fundraising opportunities. SJP Foundatlon £6,671 towards the mentoring project, covering resources, staff costs and volunteer expenses, training and travel. East Midlands Airport £9,300 towards the development of the outdoor space to include sheds, a polytunnel, outdoor shelter. arbour seating and seeds & seedlings. SCC Ltd £21X) towards the support of project staff - specifically towards a celebration meal. Thi5 is allocated to the Annual Staff Christma5 meal and has been carried over to the next finarKial year. Page 14of 15
EAGLE'S NEST PROJECT NOTES TO THE ACCOUNTS AT 31 AUGUST 2023 Bisham Asset Mgt £2(M) towards the support of project staff - speciftcally towards a celebration meal. This is allocated to the Annual staff Christmas meal and has been carried over to the next financial year. Building Fund A building fund has been maintained following it was establishment last year. Having carried over £81,900 from last year, this now totals £64,618. This included two donations totalling £50,000 from a Christian Trust Fund. In addition to the £rants, regular supporters have given to this fund throughout the year as we seek to find the balance for completion. Page15of 15