**Charity registration number: 510806** ## **Eagles Evangelistic and Deliverance Centre** **Annual report and financial statements** **for the year ended 31 December 2022** **Page Kirk LLP Chartered accountants and tax advisors Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB** Eagles Evangglistic and D•li¥eranc8 Centr• Trustses. report The trustees present their report and the ffinan￿al statements for the year ended 31 December 2022. Charitable status Eag18s Evangelistic and Deliverance Centre, Derby is constituted by Deed of Trust and is a registered charity. The charity was fomied by a trust deed dated July 1975 wilh the registered charity number 510806. The principal address of the charity is 15 Gra￿Ing Street. Rose Hill, Derby DE23 8FS. Trustees The trustees who served during the year are detailed below. Rev D L Simms is the only trustee that received remuneration during the year. New trustees are appointed by exisb.ng trustees. Rev D L Simms Mr C Sweeney Mr S Stanley Mr D Hutchinson Miss D Nicholson Miss M Bailey Miss L J Slanlgy lappoinlgd 12 February 2023) Miss S A Roper lappoinled 12 February 2023) Objectives and activities The object of th8 chafily, as set out in the gov6rning docurmnt. is thè promotion of tha Christian faith in Derby. This includes lo provide teaching and a place for prayer, worship and Christian fellowship. When planning activities for the y6ar the trusl8ès have considèred the Charity Commi88ion'8 gu￿an¢6 on public benelit, particularly the guidance for the &Jvancement of religion. The cantre enables users lo d6v8lop théir faith through worship and prayer and eneourages a positivè community spirit. Achievements and perforn)ance During the year we have successfully welcomed more people to the cenlre. We encourag8 the input of the attendees lo ensure that the services are enjoyed by all. Business and financial review The majority of income received by the chafity continues to be donation8 collected from those that use the Church's facilities. Costs incurred by the charity are fof th& upkeep and running of the charity premisgs. During the year the chartty made trustee loan and interest payments amounting to £42,732 12021 £78,868). Page 1 ## **Eagles Evangelistic and Deliverance Centre Trustees' report** ## **Reserves policy** The trustees have considered the reserves held by Eagles Evangelistic and Deliverance Centre at 31 December 2022. The church needs reserves to enable it to achieve its long-term objectives and safeguard the continuation of its charitable activities. The church defines its free reserves as its unrestricted net current assets. At 31 December 2022, the charity had net current liabilities of £32,120 (2021 - £37,279) which include balances owed to trustees and members amounting to £21,740 (2021 - £44,966). Net current liabilities before balances owed to trustees and members amount to £10,380 (2021 - net current assets of £7,687) and will be covered by donations and cost control measures. The trustees and members have indicated that they will only seek repayment of these balances to the extent that the church is still able to meet its other financial obligations. The church's objective in the medium to long-term is to achieve a level of free reserves equal to approximately six months operating costs. II intends to meet this goal by prioritising repayment of the loan balances. The trustees declar�t th,�ve approved the trustees' report above . **.......... � ..[�] . Date 31 July2024** Rev D L Simms (Chair) On behalf of the Executive Committee **Page2** ## **Independent examiner's report to the trustees of Eagles Evangelistic and Deliverance Centre** **Page 3** ## **Eagles Evangelistic and Deliverance Centre Receipts and payments account Year ended 31 December 2022** |**Receipts**
Sums collected
Interest received
Cash discrepancy
**Payments**
Salaries
Telephone
Light, heat, water, rates and insurance
Repairs and renewals
Miscellaneous
Missions and giving
Legal and professional
Mortgage repayments
Members' loan repayments
Trustees' loan capital repayments
Trustees' loan interest (re: personal loans)
Equipment
Deficit
Cash funds at start of year
Cash funds at end of year|**£**
**£**
159,177
14
-
159,191
19,765
1,135
20,479
1,324
254
10,863
7,426
49,294
18,000
39,116
3,616
4,400
175,672
(16,481)
24,610
8,129
**2022**|**£**
**£**
189,005
2
(6,388)
182,619
21,423
1,003
15,634
5,390
1,583
1,144
4,089
57,358
-
73,132
5,736
12,648
199,140
(16,521)
41,131
24,610
**2021**| |---|---|---| **Page 4** Eagl•$ Evang•llsilc and Dfrllverance Cent Statom•nt of assets and Ilabllltl6• 31 D•c•mbgr 2022 2022 2021 Flx•d a880ts Freehold property, 153 Gr8￿1￿9 Slrget, Building costs lo 31 t)ecember 2010 1,099,601 1.099.801 1,099.601 1,0gg,601 Curr•nt assets Cash at bank and in hand 8.129 24.610 Credltorn duo In lo￿ than 1 y•ar Mortgage Members, loans Trustees. loan$ 118.5091 112,0001 19.7401 116.9231 {30.0001 {14,9661 40.249 61.889 N•t ¢urr•nt Ilablllti 32.120 37.279 Crndltors duo In gr•at•r than 1 y••r Mortg89& rfUStees'108ns (199,2051 132.9981 1228,0661 166,8881 232,203 294.954 N•t 0880 835,278 767.368 Th• fund$ of th• ¢h•rlty Unrestricted funds 835,278 767,368 The tru$lees ¢Je¢lar8 at have approved the statement ol assels and lia￿"l1t1eS above. Dale 31 Juty 2024 Rev D L Simms (Chairl On behalf ol the Executive Committee Pago S **1** **2** ## **Eagles Evangelistic and Deliverance Centre Notes to the financial statements Year ended 31 December 2022** ## **Going concern** The church defines its free reserves as its unrestricted net current assets. At 31 December 2022, the charity had net current liabilities of £32,120 (2021 - £37,279) which include balances owed to trustees and members amounting to £21,740 (2021 - £44,966). Net current liabilities before balances owed to trustees and members amount to £10,380 (2021 – net current assets of £7,687) and will be covered by donations and cost control measures. The trustees and members have indicated that they will only seek repayment of these balances to the extent that the church is still able to meet its other financial obligations. On these bases, the accounts have been prepared on the going concern basis. ## **Related parties** During the year, remuneration of £19,765 (2021 - £21,423) was paid to a trustee. During the year, donations of £14,160 (2021 - £9,249) were made by trustees. Details of trustees' loans are shown below: |Opening balance
Capital repayments
Closing balance
Trustees' loan interest (for personal loans)|**2022**
**£**
81,854
(39,116)
42,738
3,616|**2021**
**£**
154,986
(73,132)
81,854
5,736| |---|---|---| **Page 6**