EAGLE’S NEST MINISTRY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2024
CHARITY NUMBER: 1208627
EAGLE’S NEST MINISTRY 8 CHERRY BLOSSOM WAY AYLESHAM KENT CT3 3GQ
INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6
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EAGLE’S NEST MINISTRY
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2024
The trustees are pleased to present their report for the year ended 31[st] December 2024 for the charity, Eagle’s Nest Ministry with charity number 1208627.
The Trustees of the charity are:
Pastor Hilda Chatizembwa Rev Deborah Adekoya Florence Machisa
The principal address of the charity is : 8 Cherry Blossom Way Aylesham, Canterbury Kent, CT3 3GQ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 11[TH] June 2024.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
THE OBJECT OF THE CIO IS FOR THE BENEFIT OF THE PUBLIC: TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS BY THE HOLDING OF PRAYER MEETINGS, LECTURES, PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS, PRODUCING AND/OR DISTRIBUTING LITERATURE ON CHRISTIANITY TO ENLIGHTEN OTHERS ABOUT THE CHRISTIAN FAITH AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT
ACHIEVMENTS AND PERFORMANCE
The Organisation has currently had regular meeting and services in reaching out to the community in the financial year. This generated a lot of interest in the community and the charity expects to see greater growth in its work in the coming years.
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FINANCIAL REVIEW
The income of the charity is above £3000. This is much low amount for the year, however the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the office that it uses for its meetings.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the charity. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 10[th] October 2025 and signed on their behalf by:
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EAGLE'S NEST MINISTRY
ACCOUNTS FOR THE YEAR ENDED 31st December 2024
| **1 ** | Receipts & Payments Account (General | Purpose Fund) |
|---|---|---|
| Income Receipts | £/ 2024 | |
| Donations | 3441 | |
| Grant | ||
| Total Receipts | 3441 | |
| Direct Charitable Expenditure | ||
| Hall Hire | 1440 | |
| Professional fees | 400 | |
| Supplies | 223 | |
| Media services | 83 | |
| Webhosting | 0 | |
| Travel | 408 | |
| Sundry | 0 | |
| Refreshments | 388 | |
| 2942 | ||
| Other Expenditure | ||
| Equipment | 499 | |
| Instruments | ||
| 499 | ||
| Total Payments | 3441 | |
| Net Receipts/(Payments) for the year | 0 | |
| Cash Funds brought forward | 0 | |
| Cash Funds at the end of the year | 0 |
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EAGLE'S NEST MINISTRY
| **2 ** | Statements of Assets and Liabilities at 31st December 2024 | Statements of Assets and Liabilities at 31st December 2024 | Statements of Assets and Liabilities at 31st December 2024 |
|---|---|---|---|
| Monetary Assets | |||
| Cash Funds | Unrestricted Funds | ||
| £/2024 | |||
| £ | |||
| Cash at hand and in bank | 0 | ||
| Total Cash Funds | 0 | ||
| Assets Retained for the | |||
| Charity's Own use | |||
| Non-monetary Assets and Liabilities | |||
| Equipments | 499 | ||
| Fixtures & Fittings | |||
| 499 | |||
| Liabilities | |||
| Bookkeeping | 200 |
These accounts were approved by the trustees and signed on their behalf by: Pastor Hilda Chatizembwa
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EAGLE'S NEST MINISTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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