Divine Eagles Evangelical Church
REPORT AND ACCOUNT FOR THE YEAR ENDED
31ST DECEMBER 2024
CHARITY NUMBER 1194584
Divine Eagles Evangelical Church
| Contents | Pages |
|---|---|
| Adminstrative Information | 1 |
| Report of the Trustees | 2 |
| Independent examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
Divine Eagles Evangelical Church
Administrative Information
| Charity Name: | Divine Eagles Evangelical Church |
|---|---|
| Charity Registration : | 1194584 |
| Registered Office and | 2 Alder House |
| Operational Address: | The Avenue |
| Tunbridge Wells | |
| TN2 3FU | |
| Trustees: | Lydia Nwaotite |
| Dinesh Kowlessur | |
| Marie Swamba | |
| Independent Examiner | TPC Consult (UK) Ltd |
| Unit A | |
| 82 James Carter Road | |
| Mildenhall | |
| IP28 7DE |
Page 1
Divine Eagles Evangelical Church
Report of the Trustees for the year ended 31 December 2024
The Trustees, are pleased to present the annual report together with the accounts for the year ended 31 December 2024
Structure, Governance & Management
The Charity was registered with Charity Commission on the 25th of May 2021. Its governing document is a CIO Foundation constitution. The Charity is governed by a board of trustes whom meets regularly to review, plan activities and monitor the financial position.
Objectives & Activities
The charity is established with a primary objective:
To advance the Christian Religion in accordance with its Statement of belief for the benefit of the public in United Kingdom and in other parts of the world, as the trustees may think fit from time to time. These objectives are charitable and our services are open to the members of the public.
The Trustees confirm that they have complied with the requirments of section 17 of the Charity Act 2011 to have due regards to the public bene published by the Charity Commission for Engalnd and Wales. This is considered when deciding activities the charity should undertake.
Achievement in the period
The Organisation continues to hold successful meetings throughout the year in which individuals were equipped and educated on the principles of the Christian faith. The Charity organised and was able to carry out its yearly activities and conferences. Some of the charity activities are co through zoom which drew different participates across the UK and globally.
Public Benefits Statement:
Divine Eagles Evangelical Church is a family focused charity. As a result, most of our programmes are tailored towards the holistic development and support of the family unit. Training, confrences and workshop were held for the benefit of the church members and the community.
Financial Review
The results for the financial year are shown on page 5. The Charity's net movement in funds shows a surplus of £1239. Trustees' responsibliltie financial statements are described on page 4. The principal funding sources for the charity are currently by Tithe & Offering collection during its sections.
Future Development
In addition to its usual weekly programmes. The charity intends to host workshops, conferences on various topical issues affec its community.
Financial seminars will be holding to support the public with manageing and investment highlights to help eleviate poverty and ecourage people There will be focus on young people to engage them with scriptural teachings on morality and responsibilities to be useful citizens.
Page 2
Divine Eagles Evangelical Church
Report of the Trustees for the year ended 31st December 2024
Reserve Policy
It is the policy of the charity to ensure unrectricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an on-going basis. At least 3 months of Unrestricted expenditure is maintained, which provides sufficient fund to support emergency expenditure that may arise.
It is also its policy to keep any surplus liquid fund in short-trem deposits which can be readily acccessed and where the capital is protected. The objective of the investment policy is to maximise interest while limiting risk. This policy is adopted as the surplus funds are expected to be used in the near future to fund future committment.
Risk Management
The Trustees have conducted a review of the major risks which the charity is exposed, in particular those to operations and finances of the charity. The Trustees review the risk regularly at their meetings and are satisfied that systems are in place to mitigate exposure to major risks at all time.
Appropriate DBS checks, supported by relevant training and regularly reviewed policies are made for all
those who work with children or other vulnerable groups within the Charity. Where appropriate, systems have been estabalished to mitigate the risk the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
Members of the Board of Trustees
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
Approval
This report was approved by the board of Trustees and signed on their behalf by:
Lydia Nwaotite Trustee Date: 27th October 2025
Page 3
Divine Eagles Evangelical Church
Independent Examiner's Report to the Trustees of Divine Eagles Evangelical Church
I report on the accounts of the above Charity for the year ended 31st December 2024 set out on the following pages.
Respective responsibilities of trustees and independent examiner
The Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Direction given by the Charity commission (under section 145(5)(b) of the 2011 Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
1.Which gives me reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with section 130 of the 2011 Act; and
-
To prepare accounts which accord with the accounting records and to comply with the
accounting requirements of the 2011 Act have not been met; or
2.To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
---------------------------------------------------- Date: 27th October 2025
Chioma John-Musa FFA, FIPA TPC Consult (UK) Ltd Unit A 82 James Carter Road Mildenhall IP28 7DE
Page 4
Divine Eagles Evangelical Church
Statement of Financial Activities for the year ended 31st December 2024
| INCOME Income from: Donations Charitable Activities Investment income Other Total Expenditure Expenditure on: Raising fund Charitable Activities Other Total Net Income / Expenditure Other Recorgnised gain / (Loss) Gain on revaluation of fixed asset Net movement in funds Reconciliation of Funds General Fund Total Fund carried forward |
Notes 3 4 |
2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 3,897 - 3,897 7317 - - - - - - - 253 - 253 6,889 |
|---|---|---|
| 4,150 - 4,150 14206 |
||
| - 2106 - 2,106 13,284 805 - 805 603 |
||
| 2911 - 2,911 13888 |
||
| 1239 - 1,239 318 |
||
| 7 | - - |
|
| 1239 - 1239 318 - - - - -1821 - -1821 2,139 - |
||
| -582 - -582 -1821 |
Page 5
Divine Eagles Evangelical Church
| Balance Sheet as at 31st December 2024 Notes Fixed assets Tangible assets 5 Total Fixed Asset Current assets Cash at bank and in hand 6 Debtors 7 Total Current Asset Creditors: amounts falling due 8 within one year Net Current Assets / (Liabilities) Total Assets less Current Liabilities Creditors amount falling due after one year Fund of the Charity 9 Restricted Funds Unrestricted Funds Total funds |
2024 2023 Unrestricted Restricted Total Total Fund Fund Fund Fund £ £ - - - - |
2024 2023 Unrestricted Restricted Total Total Fund Fund Fund Fund £ £ - - - - |
|---|---|---|
| - - 18 - 18 319 100 - 100 - 118 - 118 319 700 - 700 2140 |
319 - |
|
| -582 - -582 -1,821 |
||
| -582 - -582 -1,821 - - - - |
||
| -582 - -582 1,821 - |
||
| - - - -582 -582 -1,821 |
||
| -582 - -582 -1821 |
We approve the Financial Statement, which comprises the Statement of Financial Activities, the Balance Sheet and the related Notes.
We acknowledge our responsibility for the Financial Information including the appropriation of the applicable Financial Reporting framework as set out in the notes.
Signed on behalf of all the Trustees.
Name: Lydia Nwaotite Date of Approval: 27th October 2025 Position: Trustee
Page 6
Divine Eagles Evangelical Church
Notes to the financial statements for the year ended 31st December 2024
1. BASIS OF PREPARATION
The principal accounting policies adopted, judgements and key sources of estimation in the preparation of the financial statement are summari The accounting policies have been applied consistently throughout the year.
1.1 These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwis in the relevant note(s) to these accounts.The accounts have been prepared in accordance with the Statement of Recommended Practice: Acco and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), an Charities Act 2011.
The charity meets the definition of a public benefit entity as defined by FRS102
1.2 Going Concern: The trustees consider that there are no material uncertaintyies in respect of the Charity's ability to continue as a going conc Therefore the accounts are prepared on a going concern basis.
1.3 No changes to the accounting estimates have occurred in the reporting period.
2. ACCOUNTING POLICIES
These standard list of accounting policies has been applied by the charity:
2.1 Recognition of Income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources;
-
the monetary value can be measured with sufficient reliability.
Grant and Donations:
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Government Grant: When the charity has received government grants in the reporting period.
Tax reclaims on donations and gifts:
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is cons part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified o
Donated Goods: Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Volunteer help: The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
2.3 EXPENDITURE AND LIABILITIES
Liabilities Recorgnition:
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resource obligation can be measured with reasonable certainty.
Support Costs and governance Cost:
Support costs are allocated between the principal activities of the Charity's charitable activities, generating income and governance. Governanc comprise all involving public accountability of the charity and its compliance with regulation and good practice. Where cost are are not directly a allocation is based on an estimation of the time spent or by reference to income generated on the various activities.
2.4 Fund accounting
Unrestricted general funds can be used in accordance with the charitable objects at the descretion of the trustees. Designated funds are unrest but have been set aside at the descretion of the trustees for specific purposes.
Restricted funds are subject to a specific conditions by donors as to how they may be used.
Page 7
Divine Eagles Evangelical Church
Notes to the financial statements for the year ended 31st December 2024
Creditors
Creditors are measured at settlement amounts less any trade discounts
2.4 Tangible fixed ASSETS and Depreciation
Tangible fixed assets are stated at cost less depreciationm. Assets costing less than £1000 are expensed rather than capitalised. Depreciation rates calculated to write off the cost less estimated residual value of each asset over its useful life as follows:
Plant and Machinary 33%
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently, they are measured at cash.
Current Assets
These include cash on deposit and cash equivalents with a maturity of less than one year
3. INCOME
| Donation and Legacies Tithe Offering Charitable Activities Fund raising Investment Income: Bank Interest Other Partner & Seed Total Income |
Unrestricted Restricted Fund Fund 2024 2023 £ £ £ £ 1,817 - 1,817 4,974 2,080 - 2,080 2,343 |
|---|---|
| 3,897 - 3,897 7,317 |
|
| - - - - |
|
| - - - - |
|
| - - - 0 |
|
| - - - - |
|
| 253 253 6889 |
|
| 253 - 253 6889 |
|
| 4,150 - 4,150 14,206 |
Page 8
Divine Eagles Evangelical Church
Notes to the financial statements for the year ended 31st December 2024
4. EXPENDITURE
| Fund Raising Cost Charitable Expenditure Venue Hire Travel & Subsistence Printing,Postage& Stationery Hospitality/ Refreshment Conferences & Events Food Bank Music and Choir Honorarium Church Equipments Welfare Donation Total Other Support costs Media and Internet Utilities Office Administration Professional and Consultancy Accountancy & Professional Services Total Total Expenditture 5. TANGIBLE FIXED ASSETS COST At 1 January 2024 Additions in period At 31 December 2024 DEPRECIATION At 1 January 2024 Charge in period At 31st December 2024 NET BOOK VALUE At 31st December 2024 NET BOOK VALUE At 31 December 2023 |
Unrestricted Restricted Fund Fund 2024 2023 £ £ - - - - |
|---|---|
| - - - - |
|
| - - - 402 150 - 150 1,351 30 - 30 577 691 - 691 2,113 660 - 660 2,233 - - - - 80 - 80 905 300 - 300 2,930 195 - 195 2,060 - - 713 - - - - |
|
| 2,106 - 2,106 13,284 |
|
| 2,024 2,023 - - 253 - - - 315 315 - 190 190 - 300 300 350 |
|
| 805 - 805 603 |
|
| 2,911 - 2,911 13,888 |
|
| Equipment Furniture 2024 & Fitting Total £ £ £ - - - - - - |
|
| - - - |
|
| - - - - - - |
|
| - - - |
|
| - - - |
|
| - - - |
Page 9
Divine Eagles Evangelical Church
Notes to the financial statements for the year ended 31st December 2024
| 6. Cash at bank and at hand Cash 7. DEBTORS Debtor Prepayments 8. CREDITORS: Amounts falling due within one year Creditors Accruals 9. FUNDS General Funds Surplus (Deficit) for the year Total Fund |
2024 2023 £ £ £ £ 18 - 18 319 |
|---|---|
| 2024 2023 £ £ £ £ 100.00 - - - - - - - |
|
| 100.00 - - - |
|
| 2024 2023 £ £ £ £ - - 1,740 700 - 700 400 |
|
| 700 - 700 2140 |
|
| Unrestricted Restricted Total Total Fund Fund Fund Fund 2024 2023 £ £ £ £ -1821 - -1821 -2139 1239 - 1239 318 |
|
| -582 - -582 -1821 |
10. Trustee Remuneration & Related Pay Transactions
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. All works was carried out by volunteers for whom the Trustees are very grateful to.
Page 10