REGISTERED COMPANY NUMBER: 08645252 (England and Wales) REGISTERED CHARITY NUMBER: 1156336 (England and Wales) REGISTERED CHARITY NUMBER: SCO45581 (Scotland)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
THE WHITE EAGLE LODGE
THE thrrE EAGLE LOOGE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Re ofthe Twstees l trj 11 Report of the Independent Auditors 12 10 15 statement of Financial Activi 16 Balance Sheet 17 Cash Flow SLitement 18 Notas to the Cash Flow Stat8ment 19 Notes to the Flnando18tatements 20 to 31
THE IwirrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees btho s also direclofs of the chaNLy f¢x ihe purposes of the Ccnpanies Act 2006, kyesent their report with the financial statnentS of the tharity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounbng and Rew1ing by Charities.. Ststemenl of Refftmmemded Practt appllcable lo thariUes preparing their alnIS in a(0)rdan wth the Financial Reporting Standard applic2t4e in the UK and Reput4ic of Ireland IFRS 102) (effective 1 January 2019). REPORT OF THE TRUSTEES The trustees are pleased to Present their annual directors. report together vrith the finanual statements of the d7aiity for the year ending 31 March 2024, whith are also prepared to meet the requirements for a dire&or5' report and 8ccounts for Compani&g Ail pUoses. CHAIR'S REPORT This year has seen further developm1 of both r line and irn activittes. The weelty online cTrpffire continues to attrad parb"c4pants from around Ihe wc¥ld. LIkese, our wur Peace serv[ and disujssion groups. Many of our wtllc Servi and events are fNe streamed enabling people, tho donl live near a centre, be involv. Following the cessation of all in>erson events during lockdown. a full programme of residential retreats and retreat days has now restarted. We are adapb.ng some of our public serviS to reach wt to a wi(ier audien. A regul& MedrtatiC. open to all. has tfoven to be partiLJJIArty successful. Sunday Gatherings, wth a more infonnal and partitipatory aN)roath, have been very 1received. We intend building upon these suwsses and have shared with our ¢>ntre leaders in the UK and overseas. In June we held an open day whith brought many pecyle lo New Lands for the first time. My ateful thanks to all the stsff and v(Aunteers vtho worked so hard to make this day Ihe success It was. In October we hosted a panel of Wellrded speakers talking (m Ihe theme'EmbTrting all Lrfe.. For over 80 years the tharity has offered distant and ojntact healing. free of charye lo all ask for it. This is one of the pilla of the Lodge and prOdeS gnEfiC2nt W11C befiL This year has proven to be a challenging one due lo rising demand f¢x distant healing and the nd to restart contact hpaing aftèr locdown. Our staff and vcAunteer healers have risen to the challenge. Our new TemK4e of kn.ght received a numLEr of design awards during the year., nOta1Y winning a Civic Trust Award, The Special Award Sustsinability and then Ihe tcp award - The National Panel Speual Award. This was certainty an incredible acieverneni and something that has never happened in the Civic Twsl Awards 65year history. A testame¢ to the skn.ll of our artht6¢Xs and wider design team. At the Structural Timber Awards. the building featured tii three separate awards and was awar(led 'Low Energy lect of Ihe Yearf- a welcome acknovAedgement of the efk)rts made to pnxluce a low impact bLtilding with numerous enVironmlat technclogies. With a Mew to su(te&sion planning and strengthening the twstee board we commenced a recruitment exercise in Marth. l arn confident this wiif lead to new Injslees jcmning the board in the next few months. Finally. I wish to pay tn"IArte to our dalicaled staff team WI, along wlh voluntews in our regional ntres, have risen io the challenge of w¢yking in new ways. Their ded1rati¢ and hard work ensured the Lodge has contr'nued to pn)vi15e essenli81 suppc¥i to wr members and beneficiaries during the year. Page 1
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FChR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTivmES Objectives and aim5 Each commitm1 of the organtsation is accorryanrd by a quotab. tr( The White Eagle Teachings for imph'cation ow counlertmynt. 1. We believe that love and brothethood make everythlng work The foundab(m of brotherhLKxI is love. not matenal thirbgs. If Y gel that foundation fimily laid, maten81 things wll fall into rAace tKJt rf your foundation ste of lov8 is n( sgcure, no matter what you do with your mortal mind in the way of organisation and direion, it wll not help. 2. We balleve In the empowemient of every individual through the finding of their own Innèr tFuth l the power that YCAJ need fw your awareness of the spheres from the humt4est to the highest lies within your own being. 3. The principle of service is fundamental to our work Take this keynote into your life lomurow, the tomorrow whith begins the life of evwyday, the life of wcKkshop and factory, warehwses {j offi$ and sthods and the many VaTrg phases of adivity. Take into this world the lo seNe. 4. We respect and honour all the many ways of belng Spiritua tNth ss fluid. YCMJ can get prinaples up3n thith to work iwJl truVI is like a great river with many tributaries. 5. We seek infter spiritual guidance In all we do and acknowledge the reallty of other realms of consciousness A time will Gome when every soul wdl be aware of rts higher life and its tnje self. Then it wil be able lo see the o selves In contrast - the limited earthly self arml the higher. heavenly and etemal seM. As develcrfymenl preedS the higher self becomes stronger and more in evidenrE in every day lrfe. Then prOeMS and difficulties no longer overnhdm you,. they keep their right1 place. You develcp vion. only of G and of heavenly things but also of earthty things. You see things in their true perspective. 6. We recognise thai our spli181 aims take precedence and we emphasised wherever possible God is as much in your PhCa[ bojy as in yr higher spiritual scIouSnesS and though you may experience i1kAminati out of the boty- you musl be able to express il and live tt in the boty. 7. We acknowledge that we arE a spiittually motivated organ¢sation and a5 such will do our best to reflect thls in aN our organisatlonal relationshlp5 Understand, however, that you yourselves musl w¢Nk in your everyday life. It is your reactions to physical matter and the conditions of life that realty bring atK)ul attLmement, achievement. c you react as a gentte brother to the tJ)nithtions and am the aMStanCeS of life? We seek to be open and accountsble as a public charrty The very best schijol for the pupil L* disaEde is that of everyday contacts wilh ordinary pee in an every day wcrfld. BACKGROUND The White Eagle Lodge is a wotldwide organisats.cffj founded in England in 1936 by Grace and Ivan Cooke, based on pmfound yet gende phli osorhy. Through the rnIllMshlp of Grace C<x)ke over a period of more than forty y&ars, these extra(1nary teathings were brwght through and recordejj and fomi the basis of the teachings of The While Eagle Lge. They numter in Ihe thousands. The spiritual teachings are indusive and honour life. truths that etho in the heart of all tnje srItUal pathways. a restatement of the ancient wis(lom. Thè Charity holds these Teachings as its chief spirilual asset, weserv¥ig them in their most oNJinal fonm. The Charity makes ready and available the Te8things f(K those who seek them, providing for the study. leaching and expression of the Teathiru5 in all suitable forms. for the advancement of religion in the public benefit: recognising the inter4elatedness of the White Eagle TeathigS th aH major sIritUal traditions. The wcrk c4 The Whrte Eagle L(xJge is based gende yet prof0 universal spiritual truths. Page 2
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 Through this leathing we are )CCUraged on a path of love. respect a1 seNce towards all life. towards the develoFynenl of inner Pea and the aWaeSS of our eterna SnIal nature. OUR VISION The White Eagle Teaching aims to supp)rt a grLwng awareness of 8veryone's spiritual nature and connedion w7th al lrfe. OUR OBJECTIVES The Charivs g.ects are spe(xficaUy restn.thd to the fthwing.. - to 8(fvanr£ Chrfianty the befft as set out in the White Eagle Teathings, recognising the inler-re13tedness of the White Eagle Teachings WTlh atl major 4yritual tradit[S. During this period we continued a strategy F4aMiw process to ensure we reman fo¢JJsed our tharitat4e purposes and to agree cKJr pricKities We have agreed the fovowng overreaching strategic aims for the LcJge 1. To make ready and availabl8 the White Eagle Teathings for those seek them and to provtde for study, teaching and expressi¢M of the Teathings in all suitable ftxms. 2. To offer a path of Swritual Se and unfrAdnTrnt based on the l[te Eagle Teathings 3. To seek to embody the prinGpS of the Teathings 4. To ewore ways to offer cyportuniiies of beirwJ part of a loving community linked in the Star. In shaping tjur objectives and plaming our activths the trustees have consadered the Chlty Commi&8ion's gilldance on public benefiL Page 3
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTlVtnES Slgnltlcant actlvftles A SUMMARY OF THE MAIN ACTMfEs UNDERTAKEN BY THE LODGE FOR THE PUBLIC BENEFIT A significant Means by whith the charity athieves tts 0fy'eCtes is thrwgh ihe publicati) 8nd distribution of the White Eagle Teathings Iri8 a sewthatde, online database, bc(Jks, eBooks and cL)mpa¢t dlscs. tljring 2023-2024 over 8.850 (2022-23,. 8.3331 bocs. CDS and Calendars werp s(4d. A searchable, onlrne database of teathings and addresses was launched in May 2019. Since then 20,113 Viewe have aced Ihe database in almc61 40,000 se&8ions. These have included a iotal of 122,464 document viewd0Vkjads. Currenty there are 473 documents avadable. The trustees consider this project to be key to meeting our objective of making the White Eagle Te3thir¥Js aSsIte to 81 who seek Ihem a5 wdl as o¥eats'ng an archive of the TeacfrMThJs for generations. Stella Polaris is the magazine publish biqnontNy by The Whtte Eagle Lge. avalable free to members or via subscnpts"cffl. Always induded a inspiring and UF4tfting rnessages from Ihe White Eagle Teachings as wdl as a variety of artides. Further detsls of cmline and inyson seAvicw are refewed to in the Chairfs report on page 1. Ccntact healing wilhwi the White Eagle tr8dition is carried out 1."1. GNen the age and health profile of many patients and healers, along sth th8 impracts'calrty of maintaining soaal distsncing. we suspend1 cont2Ct healing throvghout the pericKI of the pandwnio We are On again offering contact healing treatments and are making strenuous efftyrts to rebuikl the seMcE. We are currently in the prOS of gaining reaccre¢thtslion with UK Healets. .1 am just over halfivay thrwgh 6 sessicS of thernotherapy. Since my Can is a rare f¢)In, I have nol known if this Wld be effective. I recenlly had a scan, and the good news is that the scattered lIS have reduced, and the main tumour whlth was grovmg very fas( from a pocket of cells in October trj the size of an orange in January. has not grown anTne1 l am so relieved. I will be gwen another scan, onc8 the cherno has finished, in eady June and then have a review of the next aFprowate sleps. In the rneanlime, I have no doubt that the healing I have receive(I frryn you all has been a contn'butsThJ factor in this good news. l am inc¥edibly grateful for al the attention and healg ytyj have sent me over the last few months." Distant heallng is generalty offered by grpS of healers who meet a regular basis and individud healers wcking in their own h(rtnes. They wk with1 the ysCal we5ence of the pers( receiving healing focussing specific cc4our healing rays to the patienls thrgh working the angels of healing. Distsnl healing humans was me(l OLrt by 560 indtvidual healer5. providing muth needed support lo over 1,600 of the tharitys benefflaaries. 'Th8nk you for the ongoiry healing gJpwt and wayer& I have moved through a great de81 of feaf for I am grateful. I wcKJld like to ask for the healg to tin, to help me to continue to shed the feat and heaviness that l assumed was 'nonnal Itfe.. I would like to ask for SUP to move Into a more holislic ieWlexperien of lrfe. rather than being so foSed on the negative. . 239 members s&t as dist8nt healers fc animals in need. "We really are so very grateft#, words canl really express - but just lo say thank you again from the bottom of my heart. I wonder rf I wuld possibly also kinLlly queSt for my other cat C to be added to your list rf you have capaciw He is suffering t with Stress and anxiety as the frequent vet Vlsils f Cl caL¢se hlm io becimne aggressive on C's retum frcffi the vets. This is then causing her to retaliate back adding even more stress for them both {and me!). In the Summer of last year. Cl suddenly became aggressive towards C 3fter 6 happy ye8rs of being best friends. Since then. I have had a terrible time tyng to reconcale Ihem both. We were making progress unb"I Cl became unwell vnth hef recent breathing.- The E8rth Healing service, implemented in 2009. has 263 supporters participating in this seMc* worklwide. r webste is an importarrt means by which the tharity inler3cts wth the ptjblic and (Ajr mernbership. In March 2022 we launched an uwlated website with improved functionality and the aim of enhancang the overaN user experience. 21,000 usefs aLKessed the site during the year. Page 4
THE V¥HrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTWES AND ACTIVMES Wlth 21,200 visitts to our Faceb page, Use are engaging vthh Ihe regular, uplifting messages posted. We have atsa used the page as a byay of invlts.ng peryle to join in synthronised aneMentS to send healing prayers to speofic Situalic5 across the wryld. 1.204 people receive our regular'MdaY ThJgh¥ ema of an irwirational passage from the Teathings. The Whrte Eagle Sthocl of Astrology (almost unrquely among those in the UK) awjroaches astrology from a spiritual viewpcmnt. Curedly used. astrdrryy sheds light Dn (he spiritual path that each one of us treads both Individuaily and collecDveiy, enhan(ing our undetandIng of life and the 'divine ptan, behind rt. The IM)ite Eagle School of Astrdcoy both teaches aslrc4ogy and prowdes astrc4ogical seMce$ lo the public suth as wrttten readings of horosccpes. The Schod offers a range of COFrespondence cwrses," hdds an annual WLYkshiW and gatherrng and publishes a joumal ALTAIR. mnt2ins artideg on varied astrological subjects, induding tranS1p1S of talks and lectures given in the 11 Eagle Lodge. Woth is well UfKlerway to Ffovide a(Jditi(Mal sknjdy Mat[alS and to refresh the exiskng beginners. course. PuL4lc neflt The trustees are satisfied th81 the thatrtVs aim5. current ObltiveS and activities offer &gnificant public benefit within the definitions and requirements of the Charty C(Mnmission's guidance. The tru51ees believe the Lodge continues lo offer an essential ser¥ice to the wlAic. Over the last 12 months Ihe than¢S (*aiilable puttK)ses for public benefft have been putsued thrwgh the foNthving activib"es'. - wov¢ding wi and online seNces of wt)rship. disojssim grwps and (ther cwytunities to participate - pyoviding uplithng spirilual wJpwJt thriyjgh vitten ccfftmtnicalions, a b1onthlY joumal. the websits an social media expanding the searchalle, line database of lfr Eagrfe Teathings and Addresses. Ensuring th8 Teachlngs are made freely available to Indryiduas glL - providing pastoral support arKJ comf(rt to the bwved - offering opportunitse5 to give and recwve spintual heaing contributing to the gcod mental health of partiapants through the teathing of meditstion whith also aids physical welbeing and composure in the face of dl health - leaching respect for the envlronment. trM)th itsdf and for the resultRig human beneffts - publishing boc4(s and leaflets woviding or directy re18ted lo the Vthite Eagle Teathings offering in person and Onne retreats, courses and training in gjbjects diiedty related to the White Eagle T8act7ings induding meditati, heah'ng. astrc4ogy, the (xeats"ve arts. spiritual science and awent wsdom. - providin9 8 space fcff communtng nature. personal reftection and meditstion in the ternp and grndS at New Lafjds Page 5
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTMTIES Volunteer5 The trustees and staff are very grateftjl to our vc4unteers vrtK) give up their timè for the benefit of the work of The White Eagle Lodge. Thwr contributi( is fvndamentsl to the wtrk of the Lodge. - Provision of distant and contaLI heah'ng Organisation and provision of semces of wc¥ship, retreat days. m6ditation CA)urses and groups. conlact healing s5 elG al Newlands. in Rlon8[ Centres asgxialed smaller groups in the reon5 - Leadership and membership of the New Lands thoir induding perfomiance, practice and comp0sc of new music, hymns elc - A range of adminrstralive tasks from wowding seixelarial suptxyt to the Lojge Mothw to the team ihat assembles mailshots. STRATEGIC REPORT Financial position The charity continues lo be in a strong finanual pc6ttion at the end of the finanaal year. Total funds are £25,735,773 12023.. £24,553,937) whith conststs Df £16,482,446 (2023.. £17.045,3691 investments, £6,004,392 (2023: £6,005,751) tangible assets, £3,326,510 (2023." £1.547.1851 in (XJfr8nt assets. wth £77,i75 (2023: £44,368) falling due to ugJilcYs wthin ¢Jne year. Of the total funds of £23,392,753 {2023.' £22232.807I is herd within endont fijnds, £1,150.701 (2023.. £1.151.6011 in restrided funds and the remainder #i unrestrided funds. Prlnclpal fundlng sources The pnnopal funding sourees this year indude donatn$ and legacies of £712,664 {2023.' £158.557). membership fees, book sales. retreat income and rental ino)me totsHing £177,898 (2023.. £126,4141 and investment income £495,131 (2023.. £419,824). These sources of incLe support the key objectives of the chaiity induding fvrKJing the new website, our aclM"tRs online and social media, the pubh"calion and distribution ofthe White Eagle Teathings. in au formats, and ourioumal Stdla PrAaris. Page 6
THE WHITE EAGLE LODGE REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Flnancial review Investrnent poNcy and objectlves The charity endeavours to 8(Jopt a Socrally Reswisitk Investrnent a)roach to be refiected in the underfying investment portfdio. The ctsnty th005es to exdude investrnerrt in oJmpanie5 Y4rth a significant or direct involvement in these areas.. - tobac(x) gambling - arnis manufacture, suEWy and reiailing - production and distn'bution of pomography - nuclear power prDduction and1 uranium rrkning - genelic3ly modified (ryanisms (GMO) where this represents more than 5QA of turrtover - companies that use animals for testing, discovery or the Manufactu of healthca or other pri)ducts - companies involved in fadc¥y famiing, the use of fur and the production of meal - the prc#jUcti of violent wdeolcomwter games (accounting for more than 5°A of lumoverl - Gompanies that afe involved in the larg&scaJe pr(Yuth'( ol pth oil and delo&station Whilsl the tharity recognises the needs of a modem economy and the requirement for basic commodits.es such ag and 1, we wsh to support only those comparties Mdered to be the best in these sectors wth regard to the enwronmental irnpad (rf their ac'vitses. AddFticnalfy. the tharity seekg to support activitses that Courage empfoymen( ryClIng and sustainable waste management, renewatrAe energy and green teth(4ogy, safety and prcrtection. training and eAucational activitses and the applicauons of svstainat4e practs'ces. Our ethical criteria are kept urKler regular review to ensure we reman true to the ethos of the White Easle TeaGhings. The primary inveslment 0.eCtiVe ts lo grow the portfolio's value by the value of the Consumer Pri5 IreX (CPI) 44% per annum. over roling periods of at least 5 years. There is a requirement for the invested funds to ovide an inccffle of £300,000 per annum. to be distributed to the on a quarterly basis. During the year under rewew our investrnent fund wcAJud a rettjm of +8.4°A at year end. This perfomiance did meet the primary investrnent objective, however in the Sh4em7 this fals belovj the portfdio knchmark. The trustees are keepng this urKler review with the fund manager. Reserves policy The trustees reguliy rewew the reseryes needs the Chlty. This rewthv eOmpaSseS the nature of the Income and expenditure streams, the need to rnatch variable inL)Jme Ipartiwlarty from legacies) wtth comrniknents and the puw ol hdding resetves. The trustees believe rt is prudent for the charity to seek lo build minimum general reseNes equivafent to 6 rTL)nths o)re eypenditure £400.000 (2023124). At the erHJ of the repbng peri(xl we held £1.192,319 12023.. £1,169,529) unrestricted general funds. This figure indudes deggnated funds allcKated to spectfic prcyects and those unrestricted funds held 4*Trthin regiona centre& This 'General Reserve" will provide Ilexibility in fvlfil"ng the aims of Ihe organisation and a LXrff to maintain uninterrupted services. The charty is fortunate in hawng sufficient unrestricted reseryes in tdace lo enalje it io remain wable. and Continue operating. during this ongoing TIOd of uncertainty. The sale pn)ceeds frwi the Ldon propety, in September 2014. are Classifi as peanent endowment and cannot be deemed Treserves" nor are they awadakAe for general purposes. The maiority of the FxCdS have been ff)vested to provhje a regular, annual Fncome towards budgeted expenditure. requirements. As * 31 March 2024 the esbrnated yield is suffi(ien¢ lo cover the Lodge's bL4Jgeted Page 7
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE GOVERNANCE AND MANAGEMENT 1. Nature of governing docvrnent and how the charlty {or trustees) is c£Mvstituted The goveming document is Arttcles of A&slatn of The WhFte Eagle Lcxjge. The tsijstee board at present consists of 5 Whtte Eagle Lcége memLr5 wth rdevant profession81 skNIs. 2. Organlsattonal strncture arKI hfmthe charity makes decisions The spintual acmies of the tharity are led by the LLxJge Mother. She is SUPFKrted. in the UK, by five other ordained ministers in the ministy of the spirrtual Wk. The Deputy Lodge Mother oversees operati(al aspects of the organisation and is being trained as a successor to the Lodge Molher. The charity emF4oyed 17 stsff a5 at 31 March 202412023.. 15). 3. Delegation and management The trustees delegate day to day management of the organisation lo the management team. The trUstS meet 3 times a year. receive repcKts frcrfn the managers and minister& consider management recommendations and when required, make deusicns. Matters ariswig btheen Ihe regular meeb'ngs are dealt with via email, tdephone. line meets'ngs or via adth(K Me.JS. I tnjstee dedsions are recorded and cx)mmunicaleAI lo the management team. Tnjstee vacandes are open lo any eligibfe aprAicant wrylh a genuine ewpathy for the ethos of the Whit8 Eagle Teachings and suppjrt for the charitvs overall aims and objectives. Apprflcations are reviewed by the trustee boaftl in conjunction with the Lodge Mother and Deputy Ltsyge Mother, taking into aOUnt Ihe sknlls and experience required to txing cx)rytement the esting t•)ani members. Shortlisted aptAicants are pded wth relevant Chartty Cc¥nmission guidance and intunal thy>Jments and inwled an infom7a interwew. If, following this inteNew, all pa"eS wish to pceed the prosFKcve trustee attends sets of trustee me&'ng5 as an obseryer tse[(e bng fomwlly aFy)inted as a trustee. During the iknervab'on period the prospective trustee ts provided vthh inf0mt relats'ng to the operation of the thartty and their responsibikties., in additi they are intmduced to the staff and will experien different aspects of the charity's w(k. Each trustee is 8ppoinled fcf a period of 5 years, but may rtrappcAnted ffUrther lemis. Risk Management The trustee5 anfl senior managemenl of The White Eagle Li)dge believe thal sound risk management is integrdl lo both good rnanagemenl and good govemance practice. Risk management fomB an inEegraF part of the tharittys deasioTrming and is inco{81ed within strategic and ratiOnal anning. A fomal review of the charitys risk management processes and risk register is undertaKen by the trustees on an annual basrs. Risk is Maged under the headirMJs of premises, pSonn, govemanGe, anCIal, organiSatic81 ar¢d extgnal. Through the risk management pr¢esseS established for the Organisatic, the trustees are satisfied that the major risks identified have been adequatdy mitigated wthere necessary. It is recognisecl that systems (an only provide reasonable, not abscAute. assurance that major risks have been 8dequ8t8ly managed. The trustees are regulady liaising with the management team and speaatist advisers in order to mana3e the various risks ansng as a resuk of the cconaviws wtbreak Finanrial risks are MIted by adherence to the L[Mge& cJ)mKehensive pclicy of contrds and annual audit by a firrn of Chart Accountants with experience in the charity sector. The organisalion has devetcyed safeguarding pcliaes arwj wocedures in relalion to vulneratAe members of the public and benefiaaries. These are shared w7th key workers and vc4unteers. The Irustees and managers endeav(MJr to maintain an awareness of new and revisa legislation and regulations in the relevant aws. The trustee5 conb.nue lo ensure that Insuran pclioes are in t48ce to protect the Lryanisatrc frc*n financial loss the event of a daim. FaCtS likety lo affect the performance of the tharity indude.. Page 8
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 - stoc matket lurbulence, arising due to UnCertaty surroundwig the global economic impacting upon the perf0ftnan of our investment KKx1folio. The majority of our p<ytfdio is invested for the longer tenn, enablg us lo manage shcrt-lemi ffucluations. Loss of skilled Wkers. We have a relabvely small staff base, many wrth sknas an¢J knoledge that are unique lo the White Eagle Lc#Yge. The tsuslees regulaily discuss succession planning with the management team. In addition key vc1unteS attend our Ministeri81 Support training wth the Intentic of denIng the skills base. - Foling membership nLmters has a negative impact on the sccpe of the seNS we can offer to the wlji in particular am aspects of the heal¢ng wrrfk. We are endeavouring to engage with potential new members through the website. soclal media and how we present Ihe White Eagle teathings so they are relevant to the issues peorAe are facing tcJay. - R8Ouced availabillty of vrAunteers. We recognise the &8sential rcle vcJntaers promde in helFng the tharity et ils objectives. We also reccgnise there are fewer volunteetB available to meet the fing rFeeds of our beficIallOs. Theref¢xe we a w(xking to iryrove Ihe ways engage 1th. and Irain. (xjr volunteors. 5. Fundraising The charity's difed eXp(lUre on fundraising actvities remarns smal. The White Eagle Lodge does not use or have any reFatiCship wilh any third paty cc¥nmeraal partiupators. nor pay professional lundrdisers. We do not use eA)Id eAliThJ a5 a fundraiwng te(iqUe. In order lo woled the puNic from unreasonable intrusion on their piivacy we stn.cty Imit the number of fundraising mailings and we do not fijndraise by teleph(e. We do n( share, or sel. any pS81 dats we hdd and we nplY with the requirements of relevant dats rffotection legislation. Chjr ongoing fundraising effcts indude seeknng regular dationS from members addItiC to membership fees., raising awareness of fegacy giving (via OLtr bpmonthly joumall and providing oppOrnitieS lo donate (via ltterature, the webstte and (X)le.an boxeslplates at sIceS and events). During this rewrting period neither the charity any pwson acting on behalf of the tharity was subject to an undertaking to be bwnd by any vuntary scheme fcrf regulating fund raising. or any voluntary standard of fund r8i&ng. The charity has not reiVed any complaints dunng the reEKxting peri relating to fundrdising. COMMENCEMENT OF ACTivrriES The charitsble company was incorporated on 9 August 2013 but remained d¢rnnt until 1 April 2015 when the acbvtyes of The White Ee Lodge. an unincc*w)rated tharity. wwe transferred over. Page 9
THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE oAlLs Registered Company number 08645252 (England and Wales) Registered Charity number 1156&36 (England and W81es) SC045581 {Scdandl Registered office NevAands Brewefis Lane Liss Harnpshiro GU33 7HY rwstees J8son Adam WIlsorT Linda Cclien (Resigned 21 July 20241 Annette Wilday Bed(ett Fish Andrew James Busby (resigned 30 September 20231 Beatrice Hansen (App(xnled 01 Juty 20241 Auditors Stuart Mackie, FCA MonTS Crcder Limited Chartered Accountants Statutory Auditors Station House NcKth Street Havant Hampshire pog iou STATEMENT OF TRUSTEES. RESPONSIBILITIES The IDJStees (W are 8L%o the directors of The White Eagle Lodge for the poSe8 of company law) are responsible for prepartng the Rep of the Trustees and the finanaal statements in accxirdance wth apylicable law and United Kingdom Accounting Stsndards Iurrtted lQngdom Generany Accepted Accryjnting Prac). Company law requires the tnsste8s to prepare finanrial staternents for eath financi81 yaar whith give a tTU8 and fair wew of the state of affairs of the charitable mmpany and of the inwming resources and application of resources, induding the in(x)rne and eXpdIture. of the thantaue (x)mpany f that penc4J. In preparing those financial statwnents, the trustees are Uired to select suitatrAe accounting pcliaes and then apFly them consistenty., obseve the meth¢)Js and kNinoKAes in the Charity SORP.. make judgements and estimes thal are reasonable and prudent. state whether applicatAe a(xounting standards have been fc4loNed, subject to any material departures dtsdosed and explained in the financial statements. prepare the financaal statements the gcAr•J conwi basis unless rt ts inappropriate to presume thal the d)aritae company will ntinue in sineSS. The trustees are respC81Le fof keeimng pri)per a(KIntr.ng records wth.ch disdose wrth 3$£Table aCrarY at any time the financial posithon of the tharitsble ccmparty and lo enable them to ensure that the financial statements compty with the Ccmpanies Acl 2006. They are also resptrAe for safeguarding the assets of the CharItae company and hen for taknng rea$Cable steFts for the prevention and delection of fraud other Irregularit$. Page 10
THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES. RESPONSIBILITES - contlnued In so far as the trustees are aware: there is no r*vant audit informab.cffi of wlich Ihe tharrtable CnpanIS audrtS are unaware., and the trust8es have taken all st8ps fhat they ought to have tsken to make themsthes avrdre of any relevant 8udit inform8tiov) and lo eslaLlish Ihal the audito are aware of thaE infomialion. AUDITORS The auditors, Morris Crother knmited. were re-aw(Mnted at the trustee meeting held on 01 Jtly 2024. Rewrt of the truslees. incorporating a strategrc report, aFproved by Order of Ihe board of trusiees, as the company directors. on ... signed the board's behalf by.. J A Wilson- Trnstee Page11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEM8ERS OF THE WHITE EAGLE LODGE Opinion We have audited the financial ststements of The Vthrle Eagle Lodge (the 'charrtable mpanY'1 for ihe year ended 31 March 2024 whith comprise Ihe Stslement of Financial Acb"vities, the Balance Sheet, the Cash Flow Statement and notes to the finanaal statements, induding a summary of significant accounting pdiues. The financial reporting framewot1( th81 has been applied in their preparation is apptiixile law and United Kingdom Accounb'ng Standards (United Trfjngdixn Generally Accepled A[ntsng Pra). In our opinion the financial staten7ents'. give a true and fair view of the stale of the charitable CoMpanS affairs as at 31 March 2024 and of its incoming resourc£s and a[lc.0n of res(xJr{, indLtding ts inwme and expenditure. for the year then ended., - have been Perty prepared in acClanCe vrith United lfjngdom Generalty AcceFled ACCnting Practice,. - have been prepared li acxxdan wth the requIremtS of th- Ccmpanies Act 2CA)6'. and have been prepared in acoyclance the Charities and Trustee Investrnent Iscodandl Act 2005 and regulaticn 8 of the Charits'es ACTnts ISc£thnd) Regulations 2006 (as amended). Basis for opinion We condud&l our 8udil in acc(Kdance th Intemational Standards on Auditing (UK) {ISAs {UK)l and allble law. Our respcmsikJ"lities urNler those standards are fvrther described in the AUdItS. responsibilitie5 for the audit of the finan(ial statements setlton of our report. We are independent of the haiitat4e company in aCcLdce vth the e.(21 requirem8nts that are relevant to our audit of the finanu statements in the UK indudiry the FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibilities in acc(danCe wilh these requiremts. We believe that the aLwJit evidence we have Dbt8ined is sufficient and approw'8te to wovide a baS for our wion. Con¢lu51on5 relatlng to going con In auditing the finanaal sialements, we have ¢thduded that the tnjstees, use of the gung r)Jncem basis ¢ accounting in the weparatith of Ihe financ43t slatements is apKryriale. Based on the we have prforned, we have not identified any materHI Unc1ne5 relating to events condity.ons ihaL individually or oJlecty"vely, may cast significant dcbI on the tharrtabie comp8n¢s akj'lity to conlinue as a g¢ir#J con¢em for a perttxl of al least twelve months from when the financial statements are aulhorised fLY issue. Our responsib¢lities and the respsit1.1[tles of the trustee5 With respect lo going Goncem ar& deS(bed in the lev8nt secbon5 of this report. Other Inf0MtIon The trustees are resp)nsible Ihe olher inf0m1atic. The olher inf0m)au comw5es the infom)gtion induded in the Annual Repcrt other lh the finanual st*em8nts and wr Re of the Independent AuditS thereon. Our opinion on the finanual statements dces not cover the other inforTnabon and, except to the ext1 otherwse explicidy stated in our reporL we do nol express any form of assurance cUs)n thewn. In connection our audit of the financial stslements, our resrmsibility to read lh8 Other infomiation and, in doing so, consider whether the other infcmation is matefially ino)nwstent with the financial statements or our knoedge obtained In the audit or othemse appears lo be matenally misststed. If we Identify such material inc(msstenues or aarent material misstatements, we are requir to determine whether this gives rise lo a material misstatement in the finanoal StatentS themsdves. If. base(1 on the work we have performed. we condude that there is a materia mis5Lqtemenl of this other information, we a reqLJired lo report that fact We have nothing to reprmt in this regard. Oplnlons on othèr matters preSCflbed by thè Companle5 Act 2006 In our ¢winion. based on the woth undertaken in Ihe course of the audti.. the inf(miation gwen in the Reprxi of the Tfustees for the financtal year for vthich the financia statements are prepared is consistent the financiat statements. and the Report of the Trustees has been wep8red in accordance with applicable legal requirements. Page 12
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF THE WHITE EAGLE LODGE Matter5 on which we are requirpd to report by exception In the light of the kno%edge and understanding ol the chariiatle company and its envlronment obtained in the ¢outse of the audtt. we have not entsfIed material misslatements in the Rewrt of the Twstees. We have nothing to rert in respect of the lollowvry matters wthere the Curwanies Ail 2006, the Charities and Truslees Investrnent {Scodandl Aci 2005 and and the Charities Acownts Isccrtlandl Regulab'ons 2006 requires us Lo report to you if, in our Iwinion: - adequate accounting rec£Kds have not been kept or IlMS adequate for ow audit have not been r6ceiv from branGhes not w511ed by us- or the finanaal ststements are not in agreement wth the aC0nI)g recdS and retums.. or - certain disdosures of truslees. remuneration sperxfied by law are not made: or - rtain disck)sures of Iru5tee5' remuneration speLYfied by law are not m8de", - we have not received al the infomialion and eXrAanats.5 we require foy audiL Responslbllltles of trustees As ewained more fully in the Statement of TNstees' Rw)onstrJ4itiès. the trustees (vtho are also the directors of the tharitable company for the purwises of o)mpany law) are reSponlSe for the preparation of thè financial ststeMts 8nd for bung salisfied thal they gwe a true and fair view. and fcf such intemal control as the trustees detemiine is necessary to en8bfe Ihe preparation of finanual statements that are free frorn ma181 mK%statement, wthether due to fraud CY errof. In preparing the arf(jaI statrnts. the trustees are resEKSIble for assessing the charitable Gompany's ability to continue as 8 going conc£m. drsdosing, as alCable. matters related io going c£17M and usfftg the gcmng concem basi5 of accounting unless the trustees eilher uilerKI to Itquidate the charitabk company c to cease (Yerath.s. orhave no realistic altemattve btrt to do S). Page 13
REPORT OF THE INDEPENDENT AUDITORS TO ThE MEMBERS OF THE WHITE EAGLE LODGE Our re5PIXb5ibilities for the audlt of the fina101 statemcnls ()Jr ()jectives are lo obtsin reasonatAe assurance atKKJt whether the financial statements as a wthole are free from material misstalemenl, whether due to fraud or error, and to issue a Rewt of the Independent Auditors that includes our Reasonable assurance Is a high level of assurance, bjl is not a guarantee that an audr( conducted in accordanr£ ISAS IUK) w711 always detect a material misstatemenl when it exists. Misstatement5 can arise frorn fraud error and are {sIdered MaIal rf, indmdually or in the aggregate, they coiAd reaSonaY be expected lo infiuerrce the economic decisions of US&E taken on the basis of thes8 finana81 stalefnenls. The extent to whith our procethres are capaLle of dete(Itng irregalIe5, induding fraud is detaId below.. Frorn di5CUS5ron with management and those thargerj with govemance infcffl7ation aboul the entity 15 iiocumenled to assess the aLt"Mty within the organlsats.. We discuss managements assessment of risk in respect or itTegularrties, fraud and going concwn. Based ihese discajssions and asse&sments we detemiined that the key risk areas were ino)me recogniti1 in resped of txrt off issues and managernent ovenide conceming the size of the organisalion. We sel financial ststement materiabty level based on the level of income. As a nol profrt organisattin raising income is ils primary foujs wluth is why inGome was used to delem7ine the level of maleriafity. (r overall assessment of Tisk was us&J lo determine performance matenality at an aptcyriale level. Substsntive audit tests wue designed after assessing and pwfomiing walk1hr tests. The walkthrough lesttng c¥Jnfinned document1 systems whith have been designed to act as a preventatwe measure against fraud and efror whith aear to be operats.ng as docJJmented. Substantive testing tested a sample of the pq)ulation. representative of the pwlation. to identify errcffs. The testing dNJ not identfy any material misstateMts in areas tested. Audit substanbve tests condudaj no materia emr over fhe key areas of income recognition and management override. The audit con&ders the organIsati is not exe to material risk of eor as a result of assessing laws and regulations Ihal are apwcyriate lo the organisation. Management assessed there is no g¢yng concem risk The audil undwt(K a revtvw of Iwdgets. rnanagemt accounts and the revlew of board minutes and came to the same condusion as management. A further des(ryI1 of our SpOnsItI1Il]e5 for the audit of the financial stsIents is bcated on the Financkal Rep(rting Council's web"le at WWw.frog.ukJauditCresw&Ikn'14tre$. This desPts foms part of our Rewt of the lThJependent AudrtLWS. Page 14
REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF THE WHITE EAGLE LODGE Use of ourreport rhis report is made soldy to the tharitable companys membtrs, 35 a body. in accordance with Chapter 3 of Part 16 of the Cc)mpanies Pd 2006. Our audit work has been undertaken so that we might siale to the haritatde cnmpanrfs members those matters we are required lo state to them in an auditor5. repK)rt and f no other purpose. To the fullesl extenl permitted by law, we do not ath%pt or assume responsitilrty to anyone other than the Chitable (£mpany and the thallte company's mernbers as a body, for our audit work, for this rep, or for the opinic5 we have fonn&J. Stuart Macla'e (Senior Statutory dItorI f(K and on behalf of Monis Cr(K*er .rNty Chartered Accountants Statutory Auditors Station House North Street Havant Hampshire P09 1QU Date.. 13 November 2024 Page 15
THE WHrrE EAGLE LODGE STATEMENT OF FINANCIAL ACTivmES (INCORPORATING AN INCOME AND EXpENDuRE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total fvnds Unrestricted funds Restricted funds Endowment fursds Notes INCOME AND ENDOWMENTS FROM Donations and lega(ies 712,428 236 712.664 158,557 Charitsble activities Vvhite Eagle teaG+)ings and spiiitual wTr 177.898 177.898 126,414 Investment income Other income 110.703 347 384.428 495,131 347 419,824 Total 1,001,376 236 384,428 1,386,040 704.795 EXPENDITURE ON Raising lunds 98.594 98.594 106,170 Charilable activities White Eagle teachin9s and wort( 1.016,565 1.136 1.017.701 937,928 Total 1,016,565 1,136 98,594 1.116,295 1.044.098 Net g8in510055esl on investments 37.979 874,112 912,091 15,145,636) NET INCOMEI(EXPENDtruRE) 21790 {900) 1,159.946 1,181.836 15,484,939) RECONCILIAMON OF FUNDS Total funds tffjught forward 1,169.529 1,151,601 22.232.807 24,553.937 30,038,876 TOTAL FUNDS CARRIED FORWARD 1,192,319 1.150.701 21392.753 25,735,773 24,553,937 The notes fcm part of these flnanci StateMts Page16
THE WHrrE EAGLE LODGE BALANCE SHEET 31 MARCH 2024 2024 2023 N5 FIXED ASSErs Tangible assets Investrnents Investments Investment propety 12 6.[,392 6,005,751 13 14 13.457.446 3.025,000 14.020,369 3,025,000 a486,838 23,051.120 CURRENT ASSETS Stocks DebtS Cash at bar* and in hand 15 16 21.889 26,957 3.277.664 23,699 20,167 1,S)3,319 3,326.510 1,547,185 CREDrroRS Amounts falh'ng due wlhin one 17 177.5751 144.3681 NET CURRENT ASSETS 3,248,935 1,502,817 TOTAL ASSETS LESS CURREKr UABILITIES 25,735.7TJ 24.553,937 14ET ASSETS 25.735,773 24.553.937 FUNDS unrestrict fvnds Restricted fvnds Endowmentfunds 19 1,192,319 1,150,701 23.392,753 1,169.529 1,151,601 22,232,807 TOTAL FUNDS 25,735.773 24,553,937 The finanual statsments were approved by the Board of Tnjstees and alrthISed for issue on and were sMJned on its behalf by. J A Wilson - Trustee The notes fomi part Df these fnancial statements Page 17
THE TrE EAGLE LODGE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operdling a¢tlvftles Cath generated from operatims (374.2161 (1,897,513> Net cash used in rating acbvities {374,216) {1,897,5131 Cash flows from Investing activities Purthase of tangl8 fixa8 assets Purthase of fixed asset investmerts Sale of tangible fixed assets Sale of red asset investrnents Interest received Dividends recVed {31.822) 12.530,1001 16,169,858) (3,870,259) 3,975,001 5,092.527 17,975 320,618 4,005,114 69,553 349,982 Net cash wovided byllused in) investing aCtie5 1.862,727 {633,9961 Cash flows from flnanclng actlvities Incmie attnbutable to endowment Eypenditure attributablg to endowment 384.428 (98.594) 320.618 {106.1701 Net cash provided by financtng aclNtties 285.834 214,448 Change in Gash and cash equlvalents in th• reporting period Cash and cash equivalents at the beglnnlng of the reporting perlod 1.774.345 12,317.061) I,.319 3.820,380 Cash and cash equivalents at the end of the reportlng perfod 3,277,664 I.3,319 The notes frrn part Df these finala1 ststements Page 18
THE WHrrE EAGLE LODGE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOMEIWENDITURE) TO NET CASH FLOW FROM OPERATING ACTiwfiES 2024 2023 Net inc(¥nel(expenditurel forthe reporting period las per the Statement of Financial Activitiesl Adjustments for: Depreciation charges {Gain}IEosses cn investrnents Interest rec£ived Dividends rVed Inojme attributable lo endOvmit Expenditure attributable to endovlment Decfeasel(In¢rease) in stor (Increaseydecrease in debtors In(xessel{de(Te2sel in cxedf(ors 1,181.836 (5,484,939) 33.181 1912,091) (69.5531 1349.9821 (384,428) 98,594 1.810 (6,79)) 33.207 28,749 4,412,257 {17.9751 1320.6181 (320,6181 I1.170 (4.1391 15.731 1312,1311 Net ¢osh used in operations (374.2161 {1.897.5131 ANALYSIS OF CHANGES IN hlET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in harKI 1,503,319 1,774,345 3.277,664 1.,319 1.774.345 3,277,664 Total 1,503.319 1,774.345 3,277,664 The notes form part these aal statements Page 19
THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNnNG POUCES Basts of preparfng the flnanclal statements The financBI slatements of the Charnale cornpany. htiich ts a public benefit entity under FRS 102. have been prep8red in accx)rdance with the Charities SORP (FRS 1021 'Accounting and Rewrting by Charrties.. Statement of Recommended practi applicaNe to chwilles preparing thbyr accounts in accordance wrth the Financ Repg Standard applicable in the UK and Republic of Ireland {FRS1021 leffeth've 1 January 20191,, Finanual Reporting standa 102 The Financial Reporbng Standard appliCae in the UK and Rewjblic of Ireland.. the Charrties Act 2011, Charities 8nd Trusloe Investment Iscouandl Act 2005 and the Companies Act 2C(16.The financtal statements have been prepared under the historic31 cost convention. wrth the excepts'( of investments are indudL¥J at market value. as mrmlified by the revahJaticm of i%rtain 35sets. The finanual StateMts have prepared on a going n¢effl basis. The trustees consider that there are no mateiial uncertainties about the charitys abilty to IxMtinue as a going Lx)ncem ntx any significant areas of unGertainty Ihat aff the carying value of assets held by the charity. Income All Inrrne is recognised r¢ the Statent of Financial N£tswties once the chlty has entrtFement to the funds. it is pr)ate that the income be Ved and the amnt (2n be measured relialjy. Expendfture Liabilities are recconised as expendilure as soon as there is a legal or Ix)nstnJctr"ve obiigation commith'ng the tharity lo that expenditure, r( is wcbat4e that a transfer of economic benefits will be required in settlement and the amount of the otAigation can be measura reliaL4y. Expenditure is accounted an ac£xuals basis and has been dassfiej under headings that agggate all cost related to the catgJory. Where costs cannot be dirEclly attTilJJted to particular headings they have been alICated to activities on a basis ¢(M7SiStent the use of reSoUrs. Tangible fixed aSts AH dasses of tsngible fix assets are recorded at cost. less any subsequent accumulated depreciation and subsequent acrJJmulated impairment hjsses The only exception relates lo freehdd prcyerty and improvtrnents, whith are shown al a vahjation based on an exiemal marf(el valuation perfomied in 2021 and are Th)t de[eCiated. 0ewecaa0n is provided on tangible fixej assets so as to write off the cost LY Valuati1, less any estimated residual value ovw their expetsl useful econcfflic life as fc4tows'. Asset dass Freehold property and inN)rovements Plant and MathinY Fixtures and fittings Webgle puter equiwenl Depreciakn method and rat Not depreciated 20Yo IYI (Xjst 20Yr cost 33Ya on cost 33% on cost Assets under constN(Aion have not been deweciated a5 they not ready for us& at year end. Inveslment woperty Investment propety is shown * most recent V81uation. Any aggregate suWus or defic4t arising fri changes in fair value is cognIS&4 in the Slalemenl of Financ4al Activities. Stocks Stodts arg valued at the lower of o)st and net realisable vaue. after maknng due 8llowanc£ for obsdete and stow moving rts. Taxatlon The charity is exempl [rTr c(ryTrti( tsx on its thariEaNe acbmties. Page 20 contynued...
THE V•TrifTE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS- contlTrued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- continued Fund accounting Unrestn'cted funds can be used in acc(dar wlh the chwitatle obiectives at the diso¥etion of the trustees. Restricted funds can only be used for pwts'c1ar restrid8d purposes wrthin the ctjjects of the Chty. Restn'dions arise spectfied by the dor then fvn(Is are raised for parti(uEar restrided putposes. Further explanats'on of the nalure arKJ pwpose of pach fund is induded in the notes to the financial ststements. Pension costs and other post•Yetirement benefits The charilable company operates a defined 0)ntribUti pslon stheme. Contrthtions paYale to Ihe aritstde company's penstcfft scheme a charged to the Ststeml of Financial Activities in the period to which they relate. Flnancial iTrstrurnents The charity onty enters into basrc financral instruments transactions that resuh in Ihe recognition of finanaal assets and lialItieS h'ke trade and other ae£ounts receivatrAe and payabfe investments in stocks and shares. The measurement basis used for Ihese instnjments K8 detailed tjelow. Dabtors and ¢ash at bank Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trdde discounts due. Cash at bank and in hand included sh hetd on deposit or n a current acCcnt. Creditors and provisions Credttors and provisions are rerJ)gnised Wffie the tharity has a present rAigation resulting from a past event thal wll probably resuh in the transfw of funds to a third paty and tt)e amount due lo setde the olJig8tiLM can be measured or estsmaied reliably. Creditors and provisiws are ncrnialy re¢3)gnise(I at ther settl&nent amount after allowing for any trade discounts due. Sufflmary of significant judgements and key accounting estimates The gnifirn[ judgements and sources of key aCUnting estimates that have been aw)lied in the preparntsrm of these financial statements rthle to Ihe vabJations of freehcdd wopeity and investment propety. Further details can be found in the arLounting pdiries for these assets. These have been deemed apwL¥riate and consistendy appli&J to all the yes presented. DONATIONS AND LEGACIES 2024 2023 Donab'ofts L8gacies Bricks of light lemtrfe appea 73,991 638,673 68,077 29,223 61,257 712,664 158.557 Page 21 eontinued...
THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Rents received Dimdends reravatAe Interest rec*tvable 75,596 349,982 69,553 81,231 320.618 17.975 495,131 419,824 AJI investrnent incrne is d1ved frcm assets held in the United lfjngdom. INCcE FROM CHARrrA8LE ACTIVITIES 2024 2023 Membership %trdogy Publishing Student fees Retreats Room hire Shop In(le White Eagle teachings and skmritual work wtite Eagle tead7ings and strfribjat work While Eagle leachings and 5F4ritual work Wlwte Eagle teachings and spit7tual White Eagle teathings and spiritual w(k Whrte Eagle teachings and spiritud worf( Wlyte Eagle teathings and wrial work 46,879 5,614 46.242 49,011 4,820 38,767 10.407 18,798 1,978 2.633 66.233 4.506 8,424 177,898 126,414 RAISING FUNDS Investment magernent Costs 2024 2023 Portfdio management 98,594 106,170 CHARITABLE ACTMTIES COSTS Support costs Isee note 71 Costs Totals Vvhite Eagle teachings and spiiitual 963.594 54,107 1.017,701 Page 22 cts"nUed...
THE wHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDEO 31 MARCH 2024 SUPPORT COSTS Govemanc8 Gosts Fance Tota White Eagle teathings and syribjal work 3.041 51,066 54,107 Suppcrft costs, induded in the above, are as f(AIow5: Finance 2024 White Eagla teachings and spiribjal we(k 2023 Total acbMti8S Bard< tharges 3.041 2024 Vvhile Eagle teachings and spiritual wo 2023 Total activities Auth'tors, remunerali( Auditors, remunerati fcy audit Work Legal fees 11,088 10.030 7,290 32.688 120 33.840 51,066 43,990 NET INCOMEI(EXPENtXTURE) Net incc4nel(expenditure) is stated after charglngl{c¥editi'ng): 2024 2023 Audrto¥s' remvneratsc Other n-aud[[ sem Depreciation- Own assets 11,088 7,290 33,181 10.030 120 28.749 Page 23 C4)ntinued...
THE TflHrrE EAGLE LODGE NOTES TO THE Ff4ANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES REMUNERATION AND BENEFrrs There were no trustees. remuneration or other benefits for the year ended 31 Marth 2024 for Ihe year ended 31 Marth 2023. Trustees. expenses txjring the year one tnjslees 12023". kn) re1mlr5ed OLrt of pocket eX{seS for travel and material expenses totalling £2.857 (2023: £2,817). STAFF COSTS 2024 2023 Wages and s81aies Social security costs Employerfs siL) costs 437,185 33.845 5,557 350,787 26,195 3,523 476.587 380,505 The average MthlY number of emiAoyees dunng the year was as folows.. 2024 17 2023 15 Admiristrative, finance and SPIrial No employees received emcluments in excess of £e4J,(KJO. The key managents petsonnd of the MpriSe the Deputy L¢Jdge Mother, Lead of Publishing and Office Se5, Lead for Healing and Schod of Astrdogy, LLNJge Mother and Finance Officer. The total employee benefits of the key managem1 personnel of the chaiitable Lyjrnpany were £120,426 12023: £104.6991. 11. COMPARATIVES FOR THE sTATEmEP OF FbWANCIAL ACTMTIES unrestr1ed Restricted funds fijnds Endo1 funds Total funds INCOME AND ENDOWMENTS FROM DcKBts"ons and legaoe5 123.872 158,557 Charitable activities White Eagle teachings and SFMiitiJal Vrk 126,414 126,414 Investmenl Inrne 99.206 320.618 419,824 Total 260.305 123.872 320.618 704,795 EXPENDITURE ON Raising funds 1(.170 106,170 Charitable activities White Eagle lead]ings and spuittjal work 937.928 937.928 Tolal 937,928 106.170 1,044,096 Net gwnsloossesl on invesbments (348,380) {4.797.256) (5,145,636) Page 24 continued...
THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES- continued urestriced Restricted Endowment fijnds fvnds fund8 Totsl fijnds NEf INCOMEI(EXPENDrruREI Transfers beiween ndS (1.026.003} 235,627 123,872 (235,627) (4,582,808) 15,484,939) Net movement in funds (790.376) (111.7551 (4,582.8081 (5,484,939) RECONCIUATION OF FUNDS Totsl fvnds brought fuward 1.959.905 1,263,356 26.815.615 30,038,876 TOTAL FUNDS CARRIED FORWARD 1,169.529 1,151,601 22.232.807 24.553,937 11 TANGIBLE FIXED ASSETS Fixtures and fittings Freehdd propety Plant and machinery COST OR VALUATION At 1 A1 2023 Additsons 5.934,900 3.050 914 74,607 23,085 At 31 March 2024 5,941,403 97,692 DEPRECIATION At 1 April 2023 Charge f ye 2.390 176 36,880 15,094 At 31 March 2024 2,566 51.974 NET BOOK VALUE Ai 31 Marth 2024 s.1,403 1.398 45,718 At 31 March 2023 5.934.900 660 37,727 CcAnpLrter eqL¢ipment Website Totals COST OR VALUATION At 1 April 2023 Addttrons 45.720 14,088 1.320 6.072,365 31,822 At 31 M(1 2024 45.720 15,408 6,104,187 DEPRECIATION At 1 AprA 2023 Charge for year 17,507 15.240 9.837 2.671 66.614 33,181 At 31 March 2024 32.747 12,508 99,795 BOOK VALUE At 31 March 2024 12,973 2,900 6,004,392 Al 31 March 2023 28,213 4.251 6,005,751 Page 25 conb'nued...
THE 114HrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSEfs- ntinUed Induded in cost or valua11 of lan(i and buitdings is freehokj L4nd of £2,934.9 (2023 - £2.934,9001 ich is not depre(iated. Land and buildings is stated al Ihe fair value determined by the 2021 valuations carried out by independent valuers. The valuers hcld reci¥Jnised professional qualifi¢atiOnS and have recent experience in the locati 8nd (stegory of the investment prertY valued. The valuation methodology used by the valuw5 fdlows Ihe profesSi(al standards outh.ned by tTr Royal Institute of Chartered Surveyors (RICS). 1& FIXED ASSET INVESTMENTS Llsted investrnents MARKET VALUE At 1 April 2023 Additions Disposals Rev81uations 14.020,369 2,530,100 {3,893,6421 8C,619 At 31 March 2024 13.457,446 NEf BOOK VALUE At 31 March 2024 13,457,446 At 31 March 2023 14,020.369 There were no investments assets hdd (xrtside the UK. Cost or valuation at 31 March 2024 is rewesented by: Listed investments Vauation in 2024 13,457,446 14. INVESTMENT PROPERTY FAIR VALUE At 1 Apnl 2023 and 31 Marth 2024 1025,000 NEf BOOK VALUE At 31 March 2024 3.025.000 At 31 Marth 2023 3,025,000 The investment propety is ststed at the fa value determined on the basis of valuations rarried cut by independent valuers in 2021 and 2022. The valuer5 hdd reo)gnised PTofe55ional qualifications and have recent eXPence in the Iwaknon and category (rf the investment tKopety values. The valuati methodof(¥Jy used by Ihe valuers folows the professional stsndards outlined by the Royal Instrtute of chartth Surveyrys IRICSI. The Iruslee diFect(xs have revie*ed the values of investment prcperties and believe these to be at far vabJe as al 31 Marth 2024. Page 26 continued...
THE ¥•IHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. INVESTMENT PROPERTY- continued The origin31 purtha5e c051 and the vabje of twuent reVaOn$ fly all prc4)erties classrfied as investment propwty at the year end is as follows.. Cc61 Revaluatrons 760,629 2.264.371 3,025,000 1& STOCKS 2024 2023 StOL*s 21,889 23,699 1& DEBTORS: AMOUNTS FALUNG DUE YIFTHIN ONE YEAR 2024 2023 Trdde debtors Prepayments and aoJued irorne 17.821 9,136 11.010 9,157 26,957 20,167 17. CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade ueditors Socaal secxjrty and other taxes Other creditors Accrued exnseS 47,891 9,205 1.304 19,175 21,684 8,421 1,500 12,763 77.575 44,368 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Totsl funds UnrestriGled Restrided fijnds funds Endowment funds Fixed assets Investments CutTent assets Current liabilities 244.492 5,759.900 15,637,446 1,995,407 6.004.392 16,482,446 3.326,510 177,5751 6,005,751 17,045,369 1.547,185 (44,368) &45.000 305,701 1,025,402 (77,575) 1,192.319 1,150.701 23.392.753 25,735,773 24.553,937 Page 27 contsnued...
THE wHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS Net movem1 in funds Transfers At 1.4.23 furmys 31.3.24 Unrestricted lunds General fijnd Gener81 fund propty reyaluati reserve London legaoes Other legac#&s Regional centre fund Building maintenace fund Afra fund 748.986 {581.5261 167,460 163,255 11,712 194,728 4,860 42.649 3,339 163,255 11,712 769,683 3,360 74,042 2,607 624.955 11,500) (18,6071 {5321 150.0001 50,000 1.169,529 22,79) 1,192,319 Restricted funds Alina Alina propety revaluation res Ylana fund Retreat bursary fund South West propety fund Lond legacies Regional centre legaaes- Nc*1h West 386.497 235.501 9,061 5,312 447.000 58.227 10.003 386,497 235,501 9,297 4.176 447,000 58,227 10,003 236 {1,1361 1.151.601 {9(Kll 1.1 1.701 Endovmient funds Pemianent enéowment fund Endowmenl property revaluati reserve 22.070.543 1.159,946 23.230,489 162.264 162,264 22.232,807 1,159,946 23.392,753 TOTAL FUNDS 24,S53.937 1.181,836 25,735,773 Net movement in funds. Indjed in fhe above are as folows: Inc(xnirig Resources Gains and Movement in funds Unrestricted funds Gene1 fund Other legacies Regional centre fund 8uilding Maintena fund Alri fund 360.595 638.673 2,000 1980.1t(11 113.7181 13,5001 (18,6071 16401 37.979 (581.5261 624,955 (1,500) 118,6071 15321 1.001,376 11,016,565) 37,979 22,790 Restricted ndS Ylana fund Retreat bursgry fund 236 236 (1.136) (1,136) 236 (1.1361 (9001 Endowment funds Pemianent endowment fund 384,428 198,594) 874,112 1.159.946 TOTAL FUNDS 1,386,040 (1.116.295) 912,091 1,181,836 Page 28 continued...
THE WHrrE EAGLE LODGE NOTES TO ThE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued Compardtlves for movement in funds Nel movement in fund5 Transfers between funds At 31.3.23 At 1.4.22 Urwestrlcted funds Gened fund General fund prcyety rewdluation reseNe L0ndC legaaes Other legaues Regional ntre ilding Maintena fund Afr fund 1,080.186 (1.046,8271 715,627 748.986 163,255 11.712 665,505 4,860 31.080 3.307 163,255 11,712 194,728 4,860 42,649 3,339 29,223 {500.000) 18.431) 32 20,000 1,959,905 (f .026,003) 235.627 1,169,529 Restricted fund5 Alina AJina property reValUatr reserve Ylana fund Retreat bursary fund Brid<s of light temFde ftmd South West woperty fund Londow7 legaryes Regiona centre legaaes- North West TeMe landscaping Jeremls jump 386.497 235,501 9,061 5.312 100.770 447,000 58,227 10.003 100 10,885 386.497 235.501 9.061 5.312 123.842 (224.612y 447,000 58,227 10.003 30 {130) 110.885) 1.263,356 123.872 (235,6271 1,151,601 Endowment fund5 Pemianent endowment fund Endowment property revaknaticft reseN8 23,516,901 (1,446,358) 22.070,543 3.298,714 {3.136.4501 162,264 26,815,615 14,582,808) 22,232,807 TOTAL FUNDS 30.038.876 {5,484.9391 24,553,937 Page 29 continued...
THE V¥HrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued Ciynparats've net movemenl in lunds. induded in the atthie are as fdk)ws: IncUng Resources resources expended Gains and losses Movement in ndS Unrestricted funds General fund other legaryes Budding m31ntw)ace fijnd Africa fund 231.050 29.223 {929,4971 {348,380) {1,046,8271 29.223 {8,4311 32 18.4311 32 260,305 (937,9281 (348.380) {1.026,0031 RestrFCted funds Brrd(s of light lemF4e fund TemFle landscaping 123,842 30 123,842 30 123.872 123,872 Endowment funds Permanent endowrnent fund Endowmeni prcyerty revaluati resetrve 320,618 1106.1701 11.660.806) 11,446,358) {3,136,4501 (3,136,450) 320.618 (1.170) 14.797,256) {4.582,8081 TOTAL FUNDS 704,795 {1,OH,0981 15.145,6361 15,484,939) Designated funds LondonIaeS- Ihis is a nd deggnated by the Irustees to suwrt the Vlhite Eagle work in Lon. OEher lega(yes - this designated fuNI ujnsists of legacy income and is dICated to SPBiyfic items of expenditu, generally Lwtside the general tyerations budget. Africa fund- is a fvmd designated by the trustees to SUPkY)rt the Wlhite Eagle WO in Africa. Restricted funds Abna Fund and Njina Property revaluabon reserve - establthed in 1997 for the devel(yment of the work in Bright. lana Fund - establtshed in 2012 to surwrt BrotherhcKKI and Wsdom Schcol We worldmde. Extemal Gr8nls- cx)ver a range d uses induding repairs to fhe Temple and Lodge buildings. Bricks of Lighl Temple Fund - pr[edS fn)m Bricks of Loht appeal for use in building the new temKAe at Newlands. TeMe landscaping - eedS fn)m temp4e landscaplrwJ for use landscaping the new teMe al Nands. Regional Centre lega(ies- to SUppt the While Eagle in the regions. Jwny's jurnp - prO(ed$ fr(Nn funthaigng ts use the cJ)st of Jeremvs jump. cOnaviruS Job Retention Scheme- to supprmt staff costs during CIN8vIruS pandemic. Endowment funds Permanent endowmenl funds - indude the prcperty al N•andS and Poc4e and cash and inve5trnents held following Ihe sale of a property in London. Page 30 conb"nued...
THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 20. CAPITAL COMMrrMENTS As al 31 March 2023 the charitat4e covnpany had o)ntracled commitments tolalling £75.000 being a 2.5 /0 retention on Ihe temFle build vthich is payable On the aggIng w(xs are complete and signed As 8t 31 Marth 2024, Ihis o)rmiitmenl was stdl being retsined due to snaggirwJ issues, but it is expecte(i lo be paid during the 2024125 finaniial year. 21. RELATED PARTY DISCLOSURES There we no rdated party transactiS for the year ended 31 Marth 2024. 22. ULTIMATE CONTROLUNG PARTY The tharttable cpanY ts rl under the contrc4 of another enhty any one individual. CCIYNECTED CHARMES AND ENrrriES 2& The wik of the Ltxfge in the USA AJJstrafia and Germany is carried CAJI by nonwrofit Mang organisations eslalAished under the of these countries. The offices of these entilies are as foll(w: USA.. Churth of the lte Eagle Lodge. 2615 St BeLdah Chapel Lane. MlgOrnery. Texas 77356 Australia.. The Vthite EaOe Lodge Pty Limited. PO Box 225. fv4aleny. QUeenS[d, 4552 Germany.. The White Eagle Centre. DwLs(*land E.V.. Sthraystrasse 2, I>B82110. Germering, Munich The Lodge Mother i8 a director of the Churth of The lte Eagle Loyge USA and The White Easde Lohjge Australia. Afi act in the same way as the tharity in teaching 8r7d distiibub'ng the White Eagle Teachings. The tharity wpplies dl Drganisations wilh its pu1rationS as well as other literature and suppryt. All transactions wlh the above connected tharities were under ncmal market ru)dilbons. Page 31