**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 2025** **FOR** **THE WHITE EAGLE LODGE** THE V¥HITE EAGLE LODGE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag• Report of the Trusteos 1 to 12 Report of tho Indepondent Audltorn 13 to 16 statomont of Flnanclal Athltlos 17 Balanc• Sh••t 18 Cash Flow Stat•m•nt 19 Notos to th• Cash Flow Statsmont 20 Notu to th• Flnanclal Stthm•nts 21 to 32 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also diredors of the charity for the purposes of the Companies Act 2006, present their port with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019). REPORT OF THE TRUSTEES The trustees are pleased to present their annual directors, report together ￿th the financial st8tements of the charity for the year ending 31 March 2025, which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purposes. CHAIR'S REPORT This year has seen further development of both our online and in-person activities. On 17th March 2025, purthasa of a building in London w£8 completed. As well as being an investment property, it is intended the building will become the White Eagle Meditation Centre, and home to the chariws work in London. This is a very welcome milestone as the Search for a suitsble property has continued since 2014 when that at st Mary Abbott's Place was sold and the income Invested to provide for the financial viabilty of the charity. Modifications to the new ixjikling are planned and planning change of use V￿11 be sought befo￿ opening to the public. We ag8ln offered a full programm6 of residenti81 retreats and retreat days. We have adapted some of our public services to reach out to a wider audlence through online streaming, not only from our Centre at Newlands In Hampshire but also som6 of our regional ￿ntr88. A regular meditation, open to all, continues to be particularly successful. Sunday Gatherings, with a more infomial and particApatory approach, have been very well-received. The weekly online Campfire continues to attract partlcipants from around tha world; Ilkewise our regular Peac6 Service and discussion groups. An additional online activty 'Starshine' commenced durfng the ye8r, medttstlng to send Light to world conditions such as drought4tricken aroas In Africa. In June we agaln held an open day, themed on Peace and Healing, which brought many people to New Lands for the first lime. My grateful thanks to all the Staff and volunteers who worked so hard to make this day the success it was. For over 80 Yea￿ th8 charity has offered distant and contact healing, free of charge to all who ask for it. This is one of the pillar8 of the Lodge and provides significant public benefit. These continued during the year. Our Lodge Mother, the spiritual head of the organi8ation. maintain8 contact wtth our sister organisations throughout the world whose W￿rk is also inspired by the White Eagle teachings. In Augusvseptember she vistted Australia, at her own expense, and led retreats at the temple in Maleny (Queensland) and in Melboume. Her vislt was much appreciated and clearty inspirational. In addition, European leaders visited our Hampshlre centre In June for a conference to share experfences and dlscuss vrfays forward In a changing v￿r1d. The trustee recruitment exercise that commenced last year has led to three new trustees joining the board and a further prospectwe trustee entering our probatM)nary pro￿sS. This was balanod by the retirement of two long serving twstees and we are very grateful for their significant ￿)ntributions. Finalty, I wish to pay tribute to our dedicated stsff team who, along with volunteers in our regional centres, have continued to rise to the challenge of working in new ways. Their dedication and hard work ensured the Lodge has continued to provide essential support to our members and beneficiaries during the year. Page 1 THEWHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Objectives and alms Each commitment of the organisation is accompanied by a quotation from The White Eagle Teachings for implication or counterpoint. 1. We bell•vo that love and broth•rhood mako ever￿hIng work The foundation of brotherhood is love, not material things. If you get that foundation firrnty laid, material things will fall into place but if your foundation stone of love is not secure, no matter what you do with your mortal mind in the way of organisation and direction, It will not help. 2. W• bellovo In tho empoworni•nt of every Individual through tho findlng of th•ir own Innor truth I th8 power that you need for your awareness of the spheres from the humblest to the highest lies within your ovm being. 3. Tho prfnclpl• of servlG•18 fundamental to our work Take this keynote into your Itfe tomorrow, the lomorrow which begins the life of overyday, the lrfe of workshop and faclory. warehouses and offic88 and schools and the many varying phases of activity. Take into this worfd the will lo serve. 4. We respoct and honour all the many ways of belng Spiritual truth is fluid. You can get principles u￿n which to work but truth 18 like a great river with many tributaries. 5. W• Seek Inn•r splrftual guldanc• In all w• do and acknowl•dg• th• reallty of othor roalm8 of ¢on•clousno$S A time will come whon every soul will be aware of its higher lrfe and its true self. Then Ét will be able to see the two selves in contrast the limited earthly self and the hbgher, heaventy and etemal self. As development proceeds the higher self becomes stronger and more in evidence in every day life. Then problems and difficulties no longer ove￿helM you; they keep their nghtful place. You develop vision, not only of God and of heavenly thin98 but also of earthly things. You see things In their true perspective. 6. W• recognls• that our splrltual alm• tskg pTr￿danc• and ar• •mpha818ed wher•v•r posslb God is a8 much in your physical body as in your higher 8pirilual consciousness and though you may experlence illumination out of the Ix)dy- you must be able to express it and live it in the body. 7. W• aeknowlodgo that w• arn a splrltualty mollvatsd organlsotlon and as Such w• wlll do our b•st to rafl•ct th18 In 011 our organl8allonal rnIa￿onsh1p5 Understand, however, that you yourselves must work in your everyday lrfe. It is your reactlons to physical matter and Ihe (x)nditions of life that realty bring about attunement, achievement. Can you react as a gentle brother to all the conditions and all the circumstsnces of lrfe? 8. We seek to be open and a¢countabl• as a publ1¢ Charfty The very best school for the pupil or dL8¢iple is that of everyday Contacts with ordinary people in an every day wodd. BACKGROUNIJ The White Eagle Lodge is a worldwide organisation founded in England in 1936 by Grac* and Ivan Cooke, based on profound yet gentle philosophy. Through the mediumship of Grace Cooke over a period of more than foty years, these extraordinary teachlngs were brought through and recorded and fomi the basis of the teachings of The White Eagle Lodge. They number in the thousands. The spiritual teachings are inclusive and honour all life, truths that echo in the heart of 811 true spiritual pathways, a restatement of the ancAent wisdom. The Charity holds these Teachings as its chief spiritual asset, preseNing them in their most original form. The CharTty makes ready and available the Teachings for those who seek them, providing for the study. teaching and expression of the Teathings in all suitable foms. for the advancement of religion in the public benefit, recognising the inter-relatedness of the White Eagle Teathing8 With all major spiritual tradttions. The work of The White Eagle Lodge is based on gentle yet profound universal spiritual truths. Page 2 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Through this teaching w8 ar8 8ncourag8d on a path of love. respect and service towards all life, tev￿rdS the development of inner peace and the awareness of our etemal spiritual nature. OUR VISION The White Eagle Teaching aims to support a growing awareness of everyone's spiritual nature and C￿nectIon with all life.. OUR OBJECTIVES Th8 Charity's objects are specifically restricted to the following: to advance Christianity for the public benefrt as set out in the 14Vhits Eagle Teachings, recognising the inter-relatedness of the White Eagle Teachings with all major spiritual traditions. During this period we continued a strategy planning proc888 to ensure we remain focused on our charitable purposes and to agree our priorities. At our March 2025 meeling, thls focussed specrfieAlly on the new building in London. The fDltowing overreaching strategic aims for the Lodge had been agreed in 2023-24 and remain in pl8¢6: 1. To make ready and available the White Eagle Teathings for those who seek them and trj provide for the study, teaching and expression of Ihe Teachings in all suitable foms. 2. To offer a path of spiritual seNice and unfddment ba88d on the White Eagle Teachings 3. To seek to embody the prindples of the Teachings 4. To explore ways to offer opportunities of bein9 part of 8 loving ¢ommunty linked in the Star. In shaplng our objectives and planning our activities the trustees have considered the Charlty Comml8sv)n's guidance on public benefit. Page 3 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTivmES Significant actlvltiès A significant means by which the charity achreves ts objectives is through the publication and distribution of the White Eagle Teachings via a searchable, online database, books, eBooks and compact discs. During 2024-2025 over 5,850 (2023-24., 8,850) books, CDS and ¢alendar8 were sold. This probably reflects that no new book has been published recently but one is in preparation. A searchable, online datsbase of teachings and addresses was launched in May 2019. Since then, 23,942 viewers (2023-24: 20,113) have accessed the database in over 45,250 sessions {2023-23: almost 40,000). These have included a total of 164,456 document viewsldownloads (2023-24: 122,464}. Currenlly there are 605 documents available (2023-24: 473), comprising 285 Inner Teathings and 322 Sunday Addresses. The trustees consider this project ta be key to meellng our objective of making the White Eag￿ Teachings accessible to all who seek Ihem as well as creating an archive of the Teachings for future generations. Access to the datsbase is free of charge. Stella Polarfs Is the magazine publlshed bi-monthly by The White Eagle Lodge. avallable free to members or vla subscription. Always induded ar8 inspiring and uplifting messages from the White Eagle Teachings as vfftll as a variety of artldes.. Further detsi18 of online and in-person serrflces are referrad to in the Chairf8 report on page 1. Contact healing within the White Eagle tradition is carried out 1.1. Given the age and health profile of many patients and hea￿rs, along with the impracticality of maintaining social distancing, we suspended conlad healing throughout the period of the parKlemiG We are once again offering contact healing treatments and have been making strenuous offorts to rebuild the serrfice. We are currentty In the process of gaining reaccreditation with UK Healers. .1 am just over halfway through 6 sessions of chemotherapy. Slnce my cancer is a rare form, I have not known If thls would be eff6Ctive. I recentty had a scan, and the good news is that the scattered cells have redu￿d, and the main tumour which was gn)wing very fast. from a pocket of cells in October to the size of an orange In January, has not grown anymorel l am so relleved. I will be glven 8nother scan, once the themo has finished, in early June and then have a raview of the nexi appropriate step8. In the meantime, I have no doubt that the healing I have received from you all has been a contributing factor in this good news. l am incredibly gratsful for all the attention and healing you have sent me over the last few months." Distant healing IS generally offered by groups of healers who meet on a regular basis and individual healers working in their own homes. They work without the physical presence of the person receiving healing focussing Specif￿ u)lour healing rays to the patients through working wf(h the angels of healing. Dlstant healing for humans was carri6d out by 585 individual hea￿r5 {202&24.' 5601, providing much needed support to over 1,500 of the charity's beneficiaries (2023-24.. 1,6QO). hank you from my heart for all the healing you havo sent me. I feel much better now in my spirit and my energy. Even though my long-temi condition remains, I feel so much stronger, which is wonderful. Where I have felt I did not have enough support in my lrfe, I now know that I do. I was just too stuck before to see or re￿1ve it. Ifs b￿n wonderful to feel connected to the White Eagle Lodge and the loving healing energy. Even though l am ready to withdraw from healing, I know the connection will stay" "In short yes please I would be extremely grateful to be kept on the healing list. I have been astounded how effective its been! I was in such a dark place this time last year, but now nearfy every day, l am happy, more at Pea￿ and feel that I starting to reclaim back my lrfe. 18till have the odd down day, but l am confident that I am getting there and leading the lrfe I want to." 190 members (2023-24: 239) sat as distant heslers for animals in rwd. Page 4 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES "As a reminder of Whe￿ we were 12 months a90 With my dog. the x-rays then showed hardly any change in his lungs. The small nodules that were there had not increased in size and just one very small additional nodule had appeared. Another x-ray was done last week and what was amazing is that they could not see anything in the lungs. All gone. The vet asked one of her colleagues to check rf he saw the same thing and he also confimied that the lungs are clgar, they could not see anyihing. How wonderful is that? That is the power of healing." "Sapphire VAS diagnosed with chronlc kidney disease shortty before 12th birthday. Later on, high blood pressure was c%)nfimied too. I contaded Vdhite Eagle Lodge for help just after Sapphire's kidney disease diagnosis and she has been receiving healing ever since. The healing has been extremety beneficial for Sapphire. More than two years after being diagnosed, her kidney disease remains slable and has not progressed. This is better than anything I could have hoped forl" The Earth Healing seNice, implemented in 2009, has 332 supwters (2023.24.. 263) participating in this service worldwide. Our website is an important means by which the charlty Interacts wlth the publlc and our membership. In March 2022 we launched an updated website with improved functionality and the aim of enhancing the overall user experience. During 2024-25, there were 1,116 active users of the website with an engagement rate of 56/0. The Donations page was the most accessed at 7.554 times, followed by the Home page (744 time8), member login (348 times) and tha Events listing (289 timas). Users are engaging with the regular, uplifting messages posted on our Facebook page. It has 6,317 followers and wa8 reached by ovar 85,000 with 9,300 eontent interactlons. We have also used the page a8 a way of inviting people to join in synchronised attunements to send heallng prayers to specific situations acr088 the worfd. 1,298 people {2023-24: 1,204) receivo our regular 'Monday Thoughf email of an Insplratlonal passage from the Teachings. Online activities include a weekly 'Campfire' discussion meeting and a new weekly Star atunement for areas of the world where ther8 is particular suffering and need. The London Lodge has continued to provide weekly Wednesday afternoon onllne activities. The White Eagle School of Astrology {WESA), almost uniquety among those in the UK, approaches astrology from a spldtual vlewpoint. Correctty used, astrology sheds light on the spiritual path that each one of us treads both indivldualty and collectNely, enhanang our understanding of life and the 'divine plan, behind it. A review was undertaken in 2024 and it was decided to refocus on WESA'S spiritual offering and not duplicate what Is already offered by other schools. Existing students were given time limits to complete the course. WESA will ¢(￿tinUe holds an annual workshop and publish a tviice-yearly joumal ALTAIR, containing articles on veried astrological subjects. including transcripts of talks and 18Ctur8s given in the White E8gle Lodge. An astrology talk was given after the annual Anniversary servi￿ in the temple on 'Soul learning for each sign of the Zodiac. and was well attended. Page 5 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Public benefit The trustees are satisfied that the charivs aims, current obiectnies and actrvf(tes offer significant public benefit within the definitions and requirements of the Charity Commi88ion'8 guidance. The trustees believe the Lodge continues to offer an essential serrfic* to the public. Over the last 12 months the charivs charitable purposes for public benefit have been pursued through the following activities: - providing in person and online services of worship, discussion groups and other opportunities to partiapate., providing uplifting spiritual support through wrltten communirAtions, a bi-monthly joumal, the website and social media; expanding the searchable, online datsbase of White Eagle Teachings and Addre8se$, ensuring the Teachings are made freety aval￿ble to individuals globally. - providing pastoral support and comfort to the b8reaved' - offerlng opportunilies to give and re(*lve spiritual healing; contributing to the good mental health of participants through th8 teaching of meditation %thich 8180 aids physical wellbeing and composure in the face of ill health; - teaching r8SPeCt for the envlronment, both for Itself and for the resulting human benefits; - publishing books and leafiets providlng or directty rolated to the White Eagle Teathing8', offering in person and online retreats, courses and training in 8ubje¢ts directly related to the White Eagle Teachings including meditation, healing, astrology, the creative art8, spiritual scien(% and ancient wisdom. - providlng a space for communing with nature, per8onal refiection and meditation in the temple and grounds at New Lands, Voluntsers The Irustees and stsff are very grateful to our volunteers who give up their time for the benefit of the work of The White Eagle Lodge. Their contribution is fundamental to tha work of the Lodge and includes: - Promsion of distant and contsct healing Organlsatlon and provlsion of ServI￿S of worship, retreat day8, meditslion courses and groups, -Eont8Ct healing ServI￿S et¢ at Newlands, in Regional C8ntr88 and as￿￿ated smaller groups in the ￿gIonS Leadership and meMbe￿h1p of the New Lands choir including perfomiance, practice and composition of new music. hymns el A range of administrative task8 from providing secrelarial support to the Lodge Mother to the team that assembles mailshots - Gardening support In the grounds at Newlands. Page 6 THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Flnancial positlon The charity continues to be in a strong financial position at the end of the financial year. Total funds are £25,957,707 (2024: £25,735,773) which consists of £15,056.992 (2024.. £16.482.446) investments, £8,808,188 (2024: £6,004,392) tangible assets, £2,281,714 {2024.. £3,326,510) in current assets, with £88,187 (2024: £77,575) falling due to creditors within one year. Of the total funds of £23,825,576 {2024: £23,392,753) is held within endowment funds, £1,150,474 (2024: £1,150,701) in restricted funds and the remainder in unrestrlcted funds. Prlnclpal funding $ourc•s The principal fvnding sources this year include donations and legacies of £326,668 (2024.. £712,664), membership fees, book sales, retreat income and rental income totalling £146,282 {2024.' £177,898) and investment income £485,421 {2024: £495,131). These sourcBs of income support the key objectives of the charity including funding the new website. our activities online and in social media, tho publication and distribution of the White Eagle Teachings, in all formats, and ourjoumal Stella Polaris. Inv•stmont policy and objectlvos The charity endeavours to adopt a Socialty Responsible Investment approach to be reflected In the underlylng investmenl portfolio. The charity thoose8 to exclude investment in companies with a significant or direct involvement in these areas: - tobacco gambling - arms manufadure, supply and retailing production and distribution of pornography nuclear power production andlor uraniurn mining - genetically modified organisms (GMO) whore this represents more than 5% of tumover - Ix)mpanies that use animals for testing, discovery or the manufadure of healthcare or other products - wmpanies involved in fa¢tory famiing, the use of fur and the production of meat - the production of violent VKleolcomputer games (accounting for moTr than 5D/o of turnover) - companies that are Involved in the large-scale production of palm oil and deforestation - companies where there is a cumulative effect of tumover representing 5)h or more of the above axclusrons. Whilst the char￿1 reo)gnises the need8 of a modern economy and the requirement for basic commoditi88 such as iron and oil, we wish to support only those companles considered to be the best in these sectors with regard to the environmental Impact of their activitte8. Additionally, the charity seeks to support actlvlties that encourage employment, re￿lIng and sustain8bSa waste management, renewable anergy and green technology, safety and protection, trainlng and educational activities and the applicatians of sustsinable practices.. Our ethical criteri8 are kept under regular review to ensure we remain true to the ethos of the Vlhtte Eagle Teachings. The primary investrnent objective is to gTh the portrolio's value by the value of the Consumer Prfces Index (CPI) +40h per annum. over rolling periods of at teast 5 years. There is a requirement for the invested funds to provide an income of £300,000 per annum, to be distributed to the charity on a quarterly basis. However, in November 2024, this was temporarity Modffj￿d deliver a minimum 'income' of £240,000 per annum, with the investment manager asked to increase the portfolio income back to a minimum of £300,000 per annum within 2 years. During the year under review our investment fund produced a retum of +3.5% at year end. The perfomian was significantly reduced by performance in Q4 as a result of President Trump's policies. The trustees are keeping this under review with the fund manager. Page 7 THE WHrrE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Reserves policy The trust88s regularly review the reserves needs of the chaiity. This review encornpasses the nature of the income arKI expenditure streams, the need to match variable income (particularfy from legaoes) with r￿ed eommitments and the purpose of holding reserves.. The trustees believ8 it is prudent for the charity to seek to build minimum general reserves equivalent trj 6 months core exp8nditure of £500,000 {2024125). At the end of the reporting period we held £981.657 {2024: £1,192,319) unrestricted general funds. This figure includes designated funds allocated to specific projects and those unrestricted funds held within regional centres. This 'General R8seNe" will provide flexibility in fijffilling the aims of the Organisat￿n and a buffer to maintain unintemipted seNces. The charity is fortunate in having suffKient unrestricted re8erve8 in place to anable ft lo remain viable, and continue operating, during thls ongoin9 period of uncertainty. The sale proceeds from the London propety, in September 2014, are classified as permanent endowment and cannot b8 deemed "reserves" nor are they availabb for general purposes but were used for the pur¢h8se of the new building in London in Ma￿h 2025. The rnajority of the proceads have been investad to provide a regular, annual income towards budgeted expenditure. As at 31 March 2025 the estlmated yield is sufflclwt to cover the Lodge's budgeted requirements. Page 8 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT 1. Nature of governing document and how the charity (or trustses) Is constitutsd The goveming document is the Articles of Association of The White Eagle Lodge. The trustee board at present consists of 5 White Eagle Lodge members with relevant professional skills. 2. Organ￿atIonal structurn and how the charlty makes decl$lon8 The spiritual activities of the charity are led by the Lodge Mother. She is supported, in the UK, by five other ordained minislers in the Ministry of the spiritual v￿rk. The Deputy Lodge Mother oversees operational aspects of the organisation and is being trained as a successor to the Lodge Molher. The charity employed 20 staff at 31 March 2025 {2023-24: 17). However, this was mostly due to an increase in part-time roles. The fvll-time oquivaient increased from 14.7 to 15.8. 3. Delogatlon and management Th8 trustees delegaie day to day management of the organlsatlon to the management team. The trustees meet 3 times a year, receive reports from the managers and ministers. consider management recommendations and when required, make decisions. Matters arising between the regular meetings are dealt ￿ryth vla email, tekgphone, online meetings or via ad-hoc meetings. AII trustee decisions are recorded and communicated to the management team. Trustée vacancles are open to any eligible applicant with a genuine empathy for the ethos of the White Eagle Teachings and support for the charity's overall aims and objectives. Applications are reviewed by the trustee board in conjunction with the Lodge Mother and Deputy Lodge Mother, tsking into account the skills and experience required to bring complament the existing board members. Shortlisted applicants ar6 provided with relevant Charity Commission guidance and intemal documents and invited for an infomial interview. If, following this interview, all parties wish to proceed the prospectfve trustee attends two sets of trustse meetings as an obseDier before being fonnalty appointed as a trustee. During the observation period the prospective trustee is provided with infomation relating to the operation of the charty and their responsibilities., in addition they are introduced trj the stsff and will experience different aspects of the charitys work. Each trustee is appointed for a poriod of 5 year8, but may be re-appointed for further tems. 4. Rlsk Management The twstees and senior rnanagam6nt of The White Eagle Lodge believe that sound risk management is integral to both good management and good governance practice, Risk management fomis an Intsgral part of the charitys decision-making and is incorporated withln strategic and ¢)perational planning. A fomial revlew of the charity's risk management processes and risk register is undertaken by th6 trustees on an annual basis. Risk is managed under the headings of premises, personnel, govemanca, fin8nci81, organisational and extem81. Through the risk management processes estsblished for the organisation, the trustees are satisfied that the major risks identified have been adequately mitigated where nKessary. It is recognised that systems can onty provide reasonable, but not absolute, assurance that major risks have been adequately managed. Financial risks are limited by adherence to the Lodge's comprehensive polw of internal controls and annual audit by a fimi of Chartered Accountants with experien￿ in the charity sect(K, The organisation has developed safeguarding policies and procedures in relation to Vulnerab￿ members of the public and beneficiaries. These are shared with key workers and volunteets. The trustees and managers endeavour to maintsin an avmreness of new and revised legislation and regulations in the relevant areas. The trustees continue to ensure that Insuran￿ policies are in place to protect the organisation from financial loss in the event of a daim. During 2024-25, the trustee initiated a project to ensure continued Complian￿ wtth the General Data Protection Regulations (GDPR) and an associated project to replace our customer relationship database {CRM). Page 9 THE VYHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Factors likely to affect the performance of the charity indude: - stock market turbu18n¢e, arising due to uncertainty surrounding the global economic outlook, impacting upon the perfomiance of our investrnent portfolio. The majority of our portfolio is invested for the longer temi, enabling us to manage short-term fluctuatK)ns. Loss of skilled workers. We have a relatively small staff base, many with skills and knowledge that are unique to the White Eagle Lodge. The trustees regularly discuss Succession planning with the management team, In addition key volunteers attend our Ministerial Support training with the intention of widening the ski118 base. Falling membership numbers has a negative impact on the scope of the services we can offer to the public, in particular all aspects of the healing work. We are endeavouring to engage with potenlial new Members through the website, social media and how we present the While Eagle teachings so they are relevant to the Issues poople are facing ioday. Reduced availability of volunteers. We recognlse the essential role volunteers provide in helplng the charity meet Its objectives. We also recognise there are fewer volunteers avallable to meet the rising needs of our beneficiaries. Therefore we are working to improve the ways we engage vAth, and train, our volunteers. 5. Fundral8lng The charitys direct expenditure on fundraising activities remains small. Th8 While Eagle Lodge does not use or have any relationship with any third party comme￿Ial participators, nor pay professional fundraisers. We do not use cold calling as a fundraislng technique. In order to protect the public from unraason8ble intrusion on their privacy we strictly Ilmit the number of fundraising msilings and we do not fundraise by telephone. We do not share, or sell, any personal data wo hold and we compty with the requlrements of relevant data protection leglslation. Our ongoing fundraFslng efforts include seeklng regular donations from members in addttion to membership fees,. raising awareness of legacy giving (via our bi-monthly joumal) and provlding opportunities to donate {via literature, the web8tt6 and collection boxeslplates at services and events). During thls reporting period neither the chaiity nor any person acting on behalf of the charfty was subject to an undertaking to be bound by any voluntary scheme for regulating fund raising, or any voluntary standard of fund rai8ing. The charity has not receivod any complaints during the reporting period relating to fundraising. COMMENCEMENT OF ACTIVITIES The charitable company was incorporated on 9 August 2013 but remained domiant unti.1_1_April 20JS _-wbfiD the actNtties of The White Eagle Lodge, an unincorpornted charity, were transferred over. Page 10 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 08645252 (England and Wales) Registered Charlty number 1156336 (England and Wales) SC045581 (Scotland) Reglsterod offlce N6wlands 8rewells Lane Liss Hampshire GU33 7HY Tru8to0$ Jason Adam Wilson (Resigned 30 November 2024) Linda Cohen (Resigned 21 July 2024) Annette Wilday Beckett Fish Beatrice Hansen (Appointed 01 July 2024) Catherine Anne Wardman (Appointed 06 November 2024> Catherfne Sylvla Nelson (Appointed 03 March 2025) Audltors Stuart Mackie, FCA MC Audil Limited Chartered Accountants Ststutory Auditors Station House North Street Havant Hampshire P09 1QU STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of The White Eagle Lodge for the purposes of company law) are responsible for preparing the Report of the Trustees and the finan￿81 statements in ac￿rdanCe with applicable law and United Kingdom A¢￿)unting Slandards {United Kingdom Generally Accepted Accounting Practiee). Company law requirès the trustees to prepare flnancial statements for eath financial y8ar. Under that law, the trustees have elected to prepare the financial statements In accordance with Unlted Kingdom Generally Accepted Accounting Practice (United Kingdom A¢￿Unting Standards and applicable law). Under Company law the trustees must not approve the financlal statements unless they are satisfied that they give a true and fair view of tlie state of affrdirs of the charitable company and of the incoming resources and application of resources. induding the inwme and expendf(ure, of the charitable company for that period. In preparing those financial statements, the trusteos are required to select suitable accounting policies and then apply Ihem consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and pnjdent. prepare the financial statements on the going concem basis unless it Fs inappropriate to presume that the charttable company will continue in business. Page11 THE WHITE EAGLE LODGE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 klARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILMES - conllnued The trustees are ￿sponSible for keeping proper accounting ￿COrdS which disclose wth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensu￿ that the financial ststements comply wf(h the Companies Act 2006. They are also responsible for safeguardlng the assets of the tharitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there no relevant audit information of which the charitable companls audttors are unaware" and the trustees have taken all steps that they ought to have tsken to make themselves aware of any relevant audit information and lo eslablish that the auditors a￿ aware of that infomiallon. AUDITORS The auditors, MC Audit Limited. V￿re re-appointed at the trustee meeting held on 01 July 2024. Approved by order of the board of trustees on ..........Ltr.l.!11.2 5 . and 8igned on rts behaw by.. Ms A J Wllday - Tnjstee Page 12 REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF THE WHrrE EAGLE LODGE Opinlon We have audtted the financial statements of The While Eagle Lodge (the 'charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activilies, the Balan￿ Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The finanaal reporting framework that has been applied in their preparation is applicab￿ law and United Kingdom Accounting Stsndards (United Kingdom Generalty Accepted Accounting Practice). In our opinK)n the financial statements: give a true and fair view of the stste of the ¢harff(ab￿ companls affairs as at 31 March 2025 and of its incoming resources and applicatlon of resour￿S, induding its income and expendFture, for the year then - have been propety prepared in accordance wilh United Kingdom Generalty A￿pted Accounting Practice. and - have been prepared in accordance with the requirements of the Companies Act 2006,. and have been prepared in accordance with the Charities and Trustee Investment (Swtland) Act 2005 and regulatton 8 of the Charities Accounts (Scotland) Regulattons 2006 (as amended). Bas18 for oplnlon We conducted our audit in ac(a)rdance with Intematlonal Stsndards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are fijrther described in the Audilors, re8ponsibilitles for the audr( of the financial ststements section of our report. We are independent of the charitsble company in accordance wsth the ethical requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S EthirAI Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audil evidence we have obtsinad is sufficient and appropriate to provide a basis for our opinion. Conclu8lon8 relatlng to golng concorn In auditing the financial statements, we have concluded that the trustses, usa of the going concem ba818 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not id8ntrfied any material uncertainties relating to events or conditions that, individually or collectively, may tsst signlficant doubl on the charitable company's ability to ¢￿tinUe as a going concern for a perh)d of at least iwefve months from when the financlal statements are authorised for issue. Our responsibllities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Othor Infomiatlon The trustees are responsible for the other Infomiation. The other information comprises the infonnation included in the Annual Report, other than the financial statemants and our Report of the Ind8pendenl Audiiors thereon. Our oplnion on the finandal stateménts does not cAJver the other Information and, 8XGePt to the extent otherwise explicitly slated in our report, we do not express any fonn of as8uranr£ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the olher infomiation and, In doing so, consider whether the other information is materially inconsistent with the financial st8tements or our knowledge obtained in the audii or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material rnisstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perft)rmed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nolhing to report in this regard. Oplnlons on other matters prnseribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are p￿par￿j is consistent with the financial ststements. and the Report of the Trustees has been prepared in accordance wth applicable legal requirements. Page 13 REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF THE WHITE EAGLE LODGE Matters on which we are rnquired to report by exceptlon In the lighl of the kno￿edge and understanding of the charitaNe company and its environment obtained in the course of the audil, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006, the Charities and Trustees Investment (s￿lIand) Act 2005 and and the Charities A(xounts (Scotland) Regulations 2006 requires us to report to you rf, in our opinron: adequate accounting records have not been kept or retums adequate for our audtt have not been received from branches not visited by us., or the finandal statements a￿ not in agreement with the accounting records and r6tums; or disclosures of trustees, remuneration specified by law are not made., or - certain disclosures of trustees, remuneration speafEd ty law are not made; or - we have not received all the informatK)n and explanations V￿ require for our audit. (*rtain Re8ponslbllltl•8 of truste•$ AS explained more fulty in the Statement of Trustees, ResponsibilitlO8, the trustees (vtho are also the diredors of the charitable company for the purposes of company law) are responsible for the preparation of the finanrial statements and for baing satisfied that they give a true and fair view, and for such intern81 Corstrol as the trustees detemiine is necessary to enable the preparation of financial slatements that are fre6 from material mi8Statement, whether due to fraud or error. In preparing the financlal ststements, the twstees are responslble for 8S8e88ing the charitable ¢ompanV8 abilty to continue as a going concem, dls¢lo8ing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease operations, or have no realists'c alternatNe but to do so. Page 14 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WHrrE EAGLE LODGE Our responsibilitles for the audit of the financial statements Our objectives are to oblain reasonable assurance abouÈ whether the financial statements as a whole are free from material misslatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit ￿ndUcted in accordance wilh ISAS (UK) will always detect a material misslatement vthen it exists. Mbsststements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanoal statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: From distxjssion with management and those charged with governance information about the entrty is documented to assess the activity within the organisation. We discuss management's assessment of rtsk in respect or irregularities, fraud and going concem. 8ased on these discussions and our own assessments we determined that Ihe key risk areas were income r8cognition in respect of cut off issues and mana9ement override conceming the size of the organisation. We set financial statement materiality level based on the level of ino)me. A8 a not for profft or9anisation raising income is its primary focus which is Nvhy income was used to detemiine the level of materbalty. Our overall a&98ssment of risk wa8 used to detemine performance materiality at an appropriate level. Substsntive audit tests were designed after assessing and perfomiing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identfy ary material mlsststements in areas te8tsd. Audlt substantive tests concluded no material emr over tho key areas of income recognition and management overrfde. The audlt considers the organisation is not exposed to material rlsk of error as a result of assesslng laws and regulations that are approprfate to the organisatlon. Management assessed there i8 no going c£¥ncern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management. A further description of our responsibilities for the audit of the flnancial statements is located on the Financial Reporting Council's websf(e at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 15 REPORT OF THE INDEPENDENT AUDITORS TO THE IIIEMBERS OF THE WHITE EAGLE LODGE Use of our report This report is made solely to the charitable companls members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required lo state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume ￿SponsIbl11ty to anyone otl*r Ihan the charitable company and the (*)aritabFe company's members as a body, for our audit work. for this report, or for the opinions we have formed. Stuart Mackie (Senior Statutory Auditor) for and on behalf of MC Audit Limited Statutory Auditors Station House North Street Havant Hampshire P09 1QU Date.. 1011112025 Page 16 THE WHrrE EAGLE LODGE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Totsl funds Unrestricted funds Restricted fijnds Endowment funds Notes INCOME AND ENDOWMENTS FROM Donation8 and legacies 326,668 326,668 712,664 Charrtable actlvltl•s White Eagle leachings and spiritual work 146,282 146,282 177,898 Investment income Other income 240,198 8.209 245,223 485,421 8,209 495,131 347 Totsl 721,357 245,223 966,580 1,386,040 EXPENDITURE ON Raising funds 90,917 90,917 98.594 Charltable actlvltl•s White Eagle teachings and spiritual work 937,731 227 937,958 1,017,701 Total 937,731 227 90,917 1,028,875 1,116,295 Net gains on Investrnents 5,712 278,517 284.229 912.091 NET INCOMEI(EXPENDITURE) (210,662) (227) 432,823 221,934 1,181,836 RECONCILIATION OF FUNDS Total funds brought fopward 1,192,319 1,150.701 23,392,753 25,735,773 24,553,937 TOTAL FUNDS CARRIED FORWARD 981.657 1,150,474 23,825,576 25,957,707 25,735,773 The notes form part of these fin8n¢ia statemerrts Page 17 THE WHITE EAGLE LODGE BALANCE SHEET 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets Invostments Investments Inveslment propety 12 8,707,188 6,004,392 13 14 12,031.992 3,025,000 13,457,446 3,025,000 23,764,180 22,486,838 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 32,625 36,218 2,212,871 21,889 26,957 3,277,664 2,281,714 3,326,510 CREDITORS Amounts falling due w6thin one year 17 (88,187) (77,575) NET CURRENT ASSETS 2,193,527 3,248,935 TOTAL ASSETS LESS CURRENT LIABILrriES 25,957,707 25,735,773 NET ASSETS 25,957,707 25,735,773 FUNDS Unrestricted funds Restricted funds Endo￿nent funds 19 981,657 1,150.474 23,825,576 1,192.319 1,150,701 23.392,753 TOTAL FUNDS 25,957,707 25,735,773 These financial statements have been prepared in accordance with the provisions applicable to charitable companigs subject to the small companles regima. The financl81 statements were approved by the Boanj of Trustees and authorised for Issue on , and were signed on its behalf by.. A J Wilday- Trustee The notes form part of Ihese financiai statements Page 18 THE WHrrE EAGLE LODGE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating actlvltles Cash generated from operations (601,875) (374,216) Net cash used in operating activities (601,875) (374,216) Cash flows from In￿StIng adlviti•s Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Interest receNed Divldends re¢eived (2,733,468) (4,361,075) 6,077,521 168,380 231,418 {31.822) {2,530,100) 4,005,114 69,553 349.982 Net cash (used inyprovided by investlng acbvities (617,224) 1,862,727 Cash flows from flnanclng actlvltl Income attributable to endowment Expenditure attributsble to endowment 245,223 (90,917) 384,428 (98,594) Net cash provided by financing activitres 154,306 285,834 Chango In cash and cash •qulvalonts In the rnportlng porlod Cash and cash equlvalents al the beglnnlng of the rnportlng pgrlod (1,064,793) 1,774,345 3,277,664 1,503,319 Cash and cash •qulvalonts at th• •nd of th• rnportlng porlod 2,212,871 3,277,664 The notes fom part of these financial statements Page 19 THE WHrrE EAGLE LODGE NOTES TO ThE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 kqARCH 2025 RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Not income for the rnportlng ￿riod (as per Iho Statement of Financial A¢tlviti•s) Adjustments for: Depwiation charges Gain on investments Loss on disposal of f￿￿d assets Interest received Dividends recefved Income attributable to endowment Expenditure attributsble to endowment (Increaseydecrease in stocks Increase in debtors Increase in ¢xeditors 221,934 1,181,836 30,437 (290.992) 235 (168,3801 (231,418) (245,223) 90,917 110,736) (9,261) 10.612 33,181 {912,091) (69,553) (349,982) (384,428) 98,594 1,810 {6,790) 33,207 Not cash u8•d In operatlons (601,875) {374,216) ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.24 Cash flow Al 31.3.25 Not cash Ca8h at bank and In hand 3,277,664 (1,064.793) 2,212.871 3,277,664 (1.064,793) 2,212,871 Total 3,277,664 (1,064,793) 2,212,871 The notes form part of these financial statements Page 20 THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basls of preparing tho financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Attounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charitie8 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Stsndard applicab18 in the UK and Republic of Ireland,, the Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006.The financial statements have been prepared under the historical cost a)nventlon, with the exception of Investments which are included at market value, as modified by the revaluatlon of certain assets. The financkql statsments have been prepared on a going concem basis. The trustees Consider that there are no material uncert8lntles about the charivs ability to Continue as a going concern nor any significanl areas of uncertainty that affect the carrying value of assets held by the charty. Incom• All income is recognised In the Statement of Financial Activities once the charity has 8nt[t￿rnenl to the funds, it is probable that the incom6 will be received and the amount can be measured reliably. Exp•ndltur• Liabilities are recognised as exp6ndrture as soon a8 there is a legal or constructive obligation Gommitting the charity to that axpenditure, it is probab￿ that a transfer of economic benefts wll be required in settlement and th6 amount of tha obligation cAn be measured ￿lIablY. Expenditure is accounted for on an accruals basis and has been classified under h6adings that aggregats all t￿$t related to the category. Where Gosts ¢annot be directly attributed to particular headin9S they have been allo¢ated to activitles on a basls consistent with the use of resources. Tangiblo flxod ass•ts All classes of tangible fixed assets are recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaiment 10&8es The only exception r8lat88 to freehold property and improvements, which are shown at a valuation based on an extemal market valuation performed In 2021 and are nol depreciated. Deprecialion 18 provided on tsngible fixed assets so as to write off tha cost or valuation, 1888 any estimated residual value over thair expected useful economic life as follows.. Depreciation method and rata Not depreciated Asset class Freehold prop8ty and Improvements Plant and machinery Fixtures and ffttings Website Computer equipment 33°h on cost 33•h on cost Assets under construction have not been deprecHted as they were not ready for use at year end. Investment prop•rty Investment property is shown at most recent valuatton. Any aggregate surplus or deficit arising from changes in fair value is recognbsed in the Ststement of Financial Activities, Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The Charity is exempt fr(xn corporation tax on ts charitable adNities. Page 21 ntinued... THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - Contlnued Fund accountlng Unrestricted funds Can be used in accordance with the charitable objedives at the discretion of the tnjstees. Restricted funds can only be used for particular restrided purposes within the objects of the charity. Restrictions arise when 8peof*d by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is induded in the notes to the financial statements. P•n8lon costs and oth•r Post￿6t1rtrnont bfjneffts The charitable company operates a defined contribution pension scheme. Contrlbutlons payable to the charitable companvs pension scheme are charged to the Statement of Flnancial Actlvities in th8 period to which they relate. Flnancial Instruments The charty only enters into basic financial instruments transactions that result in the re￿gnitiOn of financial assets and liabilf(ies like trade and other accounts receivable and payable investments in Stocks and 8hare8. The measurement basis used for these instruments is detailed below. Dgbtors and cash at bank Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dis¢ounts due. Cash at bank and In hand Included (xsh held on deposit or in a Gurrent account. Credllorn and provl8lons Creditors and provisions are recognisgd where the ¢harFty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors 8nd provtsions are nomially re￿9n[Sed at their settlemgnt amount after allowing for any trade discounts due. Summary of slgnlllcant Judg•m•nts and k•y accountlng 08tlmate8 The significant judgements arKI sources of key a¢￿Unting estimates that have been applied in the preperation of these financial statements relate to the valuations of freehold property and investment propety. Further details can be found in the accounting policies for thes6 assets. These have bean deemed appropriate and consistently applied to all the years presentsd. DONATIONS AND LEGACIES -2025 2024 Donations Gift aid Legacies 75.060 8,830 242,778 73,991 638,673 326,668 712,664 Page 22 Jntinued... THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - conb'nued FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Rents received Dividends receivable Interest receivable 85,623 231,418 168,380 75,596 349,982 69,553 485,421 495,131 All investment income is derived from assets held in the United Kingdom. INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Membership Astrology Publishing Retreats Room hire Shop income White Eagle teachings and spiritual work White Eagle teachings and spiritual work White Eagle teachings and spiritual work White Eagle teachings and spiritual work White Eagle teachings and spiritual work White Eagle teachings and spiritual work 42,524 4,026 26,880 61.301 4,762 6,789 46.879 5.614 46.242 66,233 4,506 8,424 146,282 177.898 RAISING FUNDS Invg$tment managemont CO8ts 2025 2024 Portfolio management 90,917 98,594 CHARITABLE ACTIVITIES COSTS Support Costs (see nota 7) Direct Costs Totals Whita Eagle teachlngs and spiritual work 872,665 65,293 937,958 SUPPORT COSTS Governance ¢08ts Finance TolaL8 Whf(e Eagle te8¢hings and splritual work 2,160 63,133 65,293 Page 23 continued... THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS - continued Support a)sts, included in the above, are as follows: Flnance 2025 White Eagle teachings and spirilual work 2024 Total activiti88 Bank charges 2,160 3,041 Govomance ¢￿ts 2025 White Eagle teachings and spiritual work 2024 Total activities AuditoryJ' remuneration Auditors, ramuneration for non audit work Legal fees 11,640 11,088 1,281 50,212 7,290 63.133 51,066 NET INCOMEI(EXPENDITURE) Net incomel(6xpenditure) ￿ stated after chargingl{credlting): 2025 2024 Auditor8. remunoretion Other non-audit setvices Deprecietion - owned assets 11,640 1,281 30,437 11,088 7,290 33,181 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, rernunerdtion or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 24 nlinued... THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REMUNERATION AND BENEFITS - contlnued Tru8tsg5' •xpense$ During the year five trustees {2024: one) were reirnbursed out of pocket expenses for travel and material expenses totslling £1,215 (2024: £2,857). 10. STAFF COSTS 2025 2024 Wages and salaries Social security costs Employerfs penslon costs 513,320 36,974 6,507 437,185 33,845 5,557 556,801 476,587 The average monthly number of employees durlng the year was as follows.. 2025 19 2024 17 Administrative, finance and spiritual No employees received 6molum8nts in excess of £60,000. The key managements personnel of the charity compri88 tha Deputy Lodge Mother, Lead of Publishing and Office Services, Lead for Healing and School of Astrology, Lodge Mother and Finance Officer. The tota5 employee beneffts of the key management personnel of the charitable ¢ompany w8ro £177,199 (2024: £120,426), 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Endowment funds Total funds INCOME AND ENDOWMENTS FROM Donalions and legaries 712,428 236 712,664 Charltsblo •ctlvltl•s Wh￿8 Eagle teachings and spiritual work 177,898 177,898 Investment inr*me Other Income 110,703 347 384,428 495,131 347 Total 1,001.376 236 384,428 1,386,040 EXPENDrruRE ON Raising funds 98,594 98,594 Charttabl• activitle8 White Eag￿ teachings and spiritual work 1,016,565 1,136 1,017,701 Total 1,016,565 1,136 98,594 1.116,295 Net gains on investments 37,979 874,112 912.091 NET INCOMEI(EXPENDITURE) 22,790 (900) 1,159,946 1,181,836 Page 25 continued... THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contbnued Unrestricted Restrictsd Endowment funds fvnds funds Total funds RECONCIUATION OF FUNDS Total funds brought forward 1,169,529 1,151,601 22,232,807 24,553,937 TOTAL FUNDS CARRIED FORWARD 1,192,319 1,150.701 23,392,753 25,735,773 12. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Plant and machinery COST OR VALUATION At 1 April 2024 Additions Disposa18 5,941,403 2,717,972 3,964 7,391 97,692 4,688 At 31 M8rd12025 8,659,375 11,355 102,380 DEPRECIATION At 1 April 2024 Charge for year Eliminat8d on disposal 2,566 1,603 51,974 14,754 At 31 March 2025 4,169 66,728 NET BOOKVALUE At 31 March 2025 8,659,375 7,186 35,652 At 31 March 2024 5,941,403 1,398 45,718 Computer equipment Webstte Totals COST OR VALUATION At 1 April 2024 Additions Disposals --45,720 . J 5,408 3.417 (651) -6,104,187 2,733,468 {651) At 31 March 2025 45,720 18,174 8,837,IX)4 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 32,747 12,973 12,508 1,107 (416) 99,795 30,437 (416) At 31 March 2025 45,720 13,199 129,816 NET BOOK VALUE At 31 March 2025 4.975 8,707,188 At 31 March 2024 12,973 2,900 6,004,392 Page 26 continued... THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 12. TANGIBLE FIXED ASSETS - contlnued Included in cost or valuation of land and buildings is freehold land of £2,934,900 {2024 - £2,934,900) which is not depreciated. Land and buildings is stated at the frdir value determined by the 2021 valuallons carried out by independent valuers. The valuers hold recognised professional qualifications and have recent experience in the location and category of the invesknent property valued. The valuation methodology used by the valuers follows the professional stsndards outlined by the Royal Institute of Chartered SuNeyors {RlCS). 13. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 Aprll 2024 Additions Disposals Revaluations 13,457,446 4,361,075 (6,077,521) 290,992 At 31 March 2025 12,031,992 NET BOOK VALUE At 31 March 2025 12,031,992 At 31 March 2024 13,457,446 Thero V￿ra no investments 8&88ts held outside the UK. Cost or valuation at 31 March 2025 is represented by: Listed inve8tmertts Valuation in 2025 12,031,992 14. INVESTMENT PROPEIUY FAIR VALUE At 1 April 2024 and 31 March 2025 3,025,000 NEf BOOKVALUE At 31 Mard12025 3,025,000 At 31 Marth 2024 3,025,000 The inveslment propety is stated at the fair value detsnnined on the basis of valuations carried out by independent valuers in 2021 and 2022. The valuers hold recognised professional qualifirAtions and have re￿nt experience in the location and category of the investment property values. The valuation melhodology used by the valueFS follows the professional standards outlined by the Royal Institute of Chartered SuNeyors (RICS). The trustee directors have reviewed the values of investment properties and believe these to be at fair Value as at 31 March 2025. Page 27 continued... THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 1￿ INVESTMENT PROPERTY - ¢ontSnued The original purchase ￿st and the value of subsequent revaluations for all properties dassified as investment property at the year end is as follows: Cost Revaluations 760.629 2,264,371 3,025,000 15. STOCKS 2025 2024 Stocks 32,625 21,889 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income 18,769 1,465 15,984 17,821 9,136 36,218 26,957 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other tsxes Other creditors Accrued expenses 66,474 11,008 47,891 9,205 1,304 19,175 10,705 88,187 77,575 18. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS 2025 Totsl funds 2024 Tolal funds Unrestricted fund8 Restricted funds Endowment funds Fixed assets Investments Current assets Current liabilibes 222,813 8,484,375 14,211,992 1,129,209 8,707,188 15,056,992 2,281,714 (88,187) 6,004,392 16,482.446 3,326,510 (77,575) 845,000 305,474 847.031 {88.187) 981,657 1,150,474 23,825,576 25,957,707 25,735,773 Page 28 continued... THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS * continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unr8strlctod funds General fund General fund propety revaluation reserve London legacies Other legaaes Regional centre fund Building maintsnace fvnd Africa fund 167,460 (453,390) (285,930) 163,255 11,712 769,683 3,360 74,042 2.807 163.255 11,712 1,012,461 3,360 74,042 2,757 242,778 (50) 1,192,319 (210.662) 981,657 R•strlctod funds Alin8 Alina property revaluation reserve Ylana fund Retreat bursary fund South West propety fund London legacies Regional centre legacie8 - North West 386,497 235,501 9,297 4,176 447,000 58,227 10,003 386,497 235.501 9,297 3,949 447,000 58,227 10,003 (227) 1,150,701 (227) 1,150,474 Endowmont lund$ Pennanent endowment fund Endowment propety revaluation reserve 23,230,489 432,823 23,663.312 162,264 162,264 23.392.753 432,823 23,825,576 TOTAL FUNDS 25,735,773 221,934 25,957,707 Net movement in funds, included in the above are as follow8: Incoming Resources resource8 expended Gains and thses Movernent in funds Unrnstrlctsd lund8 General fund other legacies Afrie8 fund 478,579 242,778 (937,681) 5,712 {453,390> 242,778 (50) (50) 721,357 (937,731) 5,712 (210.662) Restrfcted fvnds Retreat bursary fund (227) {227) Endowment funds Permanent endowment fund 245,223 (90,917) 278,517 432,823 TOTAL FUNDS 966,580 {1,028,875) 284,229 221,934 Page 29 continued... THE WHrrE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS - continuod Comparativos for movement in fvnds Net rnovement in funds Transfe between fvnd8 At 31.3.24 At 1.4.23 Unrnstricted fund8 General fund General fund propety revaluation reserve London legacies Other legacies Regional centre fund Building maintenace fund Africa fund 748,986 (581,526) 167,460 163,255 11,712 194.728 4,860 42,649 3,339 163,255 11,712 769,683 3,360 74,042 2.807 624,955 {1,500) (18.607) (532) (50,000) 50.000 1,169,529 22,790 1,192,319 Ro8trlct•d funds Alina Alina property revalualion reserve Ylana fvnd Retreat bursary fund South West property fijnd London legaaes Regional centre legacies - North 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 {1,136) 1,151,601 (900) 1,150,701 Endowment funds Permanent endowment fund Endowment property revaluation reseNe 22,070,543 1,159,946 23,230,489 162,264 162,264 22,232,807 1,159,946 23,392,753 TOTAL FUNDS 24,553,937 1,181,836 25,735,773 Page 30 )ntinued... THE WHITE EAGLE LODGE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- contlnued Comparative net movemenl in funds, included in the above are as foll