Chaiity ré8iStrntion nurnber. 802134 The Eagle Charity Trust Annwl Rewt and HMndal Ststements forthe Year Ended 31 Dec&nber 2024 The Moffatts Partnershlp LLP Chartered Accountants Sulte 1.1, Jackson House Slbson Road Sale M33 7RR
The Eagle Charfty Trust Contsnts Reference and PAlmlntstratlve Oetalls Trustees, Report 2to3 ststement of Tntstees, Resps[bIlItI Independent Examlnees Report Statement of Flnancl81 Actlvltles 8alance Sheet Notes to the Flnandal Ststements 8t015
The Eagle Charlty Trust Reference and Admlnlstratlve Detalls Tru#ees Miss D Gifftird Mrs E Y Wllllarns Mrs S A Nowakowskl Mr R M E Glfft)rd Charfty Re8lstratlon Number 802134 Prlnclpal Offlce PO Box 229 Menai Bridge LL57 9EW Independent Examlner The Moffatts Partnershlp LLP Chartered Accountants Sulte 1.1, Jackson House Slbson Road Sale M33 7RR Pa8e I
The Eagle tharity Trust Trustees. Report The trustees present the annual report tO8ether wlth the flnanclal statements of the charlty for the year ended 31 December 2024. Objectlvos artMtI•s The charlty was set up as a 8rant provider to other charltles and 8ood causes. Income Is derlved from Investments and used to provkle on8olng fundlw to other charltle& Pubxc benefv The trustees contlnue to make 8r•nts to a bro•d rnnge of or8anlsatlon4 sUPPOrtlng WO In the Unlted Kln8dom and oversea The trustees conflmi that they have complled wlth the requlrements of sectlon 17 of the Charltles Act 2011 to have due re8•rd to the publlc benefrt 8uldance publlshed by the Charlty Commlsslon for En8land and Wales. Grnntnwklftg polths Grnnts are made on a °one off basls. wlth no ¢¢mmltment to provlde on8oln8 fundlni. A¢hle¥ements and perftym•Ke The charlty has contlnued to provlde one off grants to a number of other charftles. Durln8 the year the charlty made thlrty payrnents12023 - thlrty one) to a wlde varlety of or8anlsatlons. The 8rnnts ran8ed between £1,000 and £3,000. Itls the Trustee's polky not to publlsh detalls of the beneficlarfes. Hnanclal The flnanclal statements Sh1 that the InStMent Income amounted tt> £65.894 {2023: £50,979), and that dSstrlbutlons were made to thlrty organ15atbns totslllng £51,LKIO (2023: thlrty one and £68.0001. The Income of the charSty Is derfved solely from tts investments and wh115t Income remalns at the current levels the Trustees wlll contlnue to malntsln the levels of dlstrfbutionk Funds carrfed ftThiard at the 31 December 2024 totslled £1465.47812023 - £1,391,287). All of the charlty funds are unrestrlrted. Pollcy an se1 Grants are made on a 'one off basis. with no commltment to provide on8olnE fundi and as such, the trustees are commltted to maintsinin8 the mlnlmum posslble level of free reserve5. Prlntlpolfvndlnq sources The Charltles Income Is derfved entlrely from Investments, and Interest arising on bank deposlts. Page 2
The Eagle Charlty Trust Trustee< Report InvestnnePomCV andoW¢¢ The Investment pollcy Is to Invest on a I rfsk bas15 wlth a baljnced rate of return and capital 8fowth. The Snvertments of the trust have been valued at market value as at 31 December 2024. The valuatlon shows an unreallsed galn of £64,123 {2023 8aln, £36,757} In the year. The Investments have recovered during the year wlth the unpredlctable nature of the stock markets. The charlty Is 8ovemed ty a deed of settlement d•ted 1st December 1988. Generolrlsks The trustees conslder that the only substsntl•l th to the tharlty Is • penn•nent dlrnlnutlon In Its Income producln8 Investments. The chartty obtslns professlon•l •dvlce frtyn SkbrokerS In rewe¢t of Its Investment holdln8s. The annual report was approved by the trustees of the Crfty on 24 July 2025 and s*ned on Its behalf ty. E, y. Mrs EY Wllllams Trustee Pale 3
The Eagle Charlty Trust Statement of Trustses. Responslbllltles The trustees are responslble for preparlng the trustees. report and the flnanclal statements In accordance wlth the Unlted Klngdom Accountlng Standards Iunlted Klngdom Generally Accepted Accountln8 Prattice) and appllcable law and regulatSons. The law appllcable to charlties requires the trustees to prepare flnandal staternents for each flnanclal year whlch Ive a true and falr vlew of the state of affairs of the charity and of the Incomln8 resources and appllcatlon of resources of the charlty for that perlod. In preparlng these financ181 statements, the twstees are requlred to.. select sultable a¢¢ountlng poltcles and then apply them conslstently; Obser the methods and prlnclples In the Charltles SORP; make judgements and estlmates that are reasonable and prudent; stste whether applkable accountlng standards have been followed, subject to any matertal departures dlsclosed and eKplalned In the flnanclal statement$; and prepare the financlal statements on the goln8 concern b•sls unless It Is Inapproprtate to presume that the charFty wlll Contlnue In buslness. The trustees are responslble for keepln8 proper accountln8 records that dlsclose wtth reasonable accuracy at 4nv tlme the financlal posltlon of the eharlty and enable them to ensure that the flnanclal statements comply wlth the Chgrltles Act 2011, the Charltles {Accounts and Reports) Re8ulatlons 2008, and the provSslons of the constltutlon. The trustees are also responslble for safeguardln8 the assets of the charty and hence for takln8 reasonable steps for the preventlon and detectlon of fraud and other Irresularftles. The trustees are respon51ble for the m8lnten4nce and Inte8rlty of the corporate and flnanclal Informatlon Included on the charltable companvs webslte. Le8lslatlon governln8 the preparatlon and dlssemln•tlon of flnanclal statements may dSffer from le8151ation In otherjurlsdlctlons. Approved by the trustees of the charfty on 24 July 2025 and slgned on Its behalf by: Mrs E Y Wllllams Trustee Page 4
The Eagle tharlty Trust Independent Examlnerfs Report to the trustees of The Eagle Charlty Trust report tt) the trustees on my exaffdnaiion of the aCcots of The Ea Ch•rity Trust for the year ended 31 December 2024. Responslbllltles and bath of report As the charlty trustees of The Eagle Charlty Trust you are responslble for the preparatlon of the accounts In accordance wlth the requlrem&)ts of the Charltles Act 20111the Actr). I report In res of my eumlnatlon of The Ea8le Charlty Trusvs xcounts corrfed out under sectlon 145 of the 2011 Act and In carylng out my examItiOn I ha% followed all the applkable Dlrectlons gfven by the Charlty Commlsslon under sectlon 145(51(b) of the £t. Independent examlnerfs statsmert I have completed my eumln•tlon. I conftrm that no m8terf•l mattus have come to my attentlon In connectlon wlth the examSnatlon 8Mn8 me cause to belleve that In any m•tefflal respect: l. •ccountln8 records were rt kept In respect of The Ea8le Ch•rlty Trust •$ requlred by sectlon 130 of the ACL. or 2. the actounts do not attord wFth those records: or 3. the accounts do not comply wlth the accountln8 requlrements concernln8 the form and content of accounts set out In the Charltles (kcounts •nd Reports) Re8ulatlon$ 2008 other than any requlrement that the accounts 8lve a'true and falr vleW whkh Is not a matter consldered as part of an Independent examlnatlon. I ha no concerns and hpve come across no other rn•tters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper ufiderstsndl of the I¢Unts to be reached. Saxon Partnershlp LLP Chartered £countants Sulte 1.1, Jackson House Slbson Road Sale M33 7RR 24 July 2025 Pe5
The Eagle Charlty Trust Statement of Flnandal Actlvltles for the Year Ended 31 December 2024 Tot•1 Totsl 2023 nds Income and Endonts fronK' Investment income 65,894 65 50,979 Total Income 65.894 65.894 50,979 Expendlturn I. Ralslng funds Chorltable actmtles (3,403) (3,4031 2,423 14,188) 69,291 Totsl expendlture Galnsllosses on Investment assets (55.826) 64,123 (55,826) 64,123 {73,479) 38,370 Net Income 74,191 74,191 15,870 Net movement In fvnds 74.191 74.191 15.870 Rocondllatlon of lunds Totsl funds brought forward 1,391.287 1,391,287 L375,417 Totsl funds carrled forward 14 1,465,478 L391287 All of the charlty's actmtles derlve from cortlnuln8 operathns durfn8 the abthy two perlods. The funds breakdown for 20231$ shoT*m In note 14. The notes on pages 8 to forni an i)te8rnl part ofthese flnanclal statement& Pa8e 6
The Eagle Charlty Trust (Reglstratlon number: 802134 Balance Sheet as at 31 December 2024 2024 2023 Note Foxed assets Investments li 1.457,049 1,379,112 Current assets Cash at bank and in hand 12 9,369 13,070 Credlt¢Ks: Amountsfalllng due wlthln one year 13 19401 {895) Net eurrent assets 8.429 12.175 Net assets 1,465,478 L391287 Funds of the charfty: Unrestrfcted Income fvnds Unrestrlcted funds 1,465,478 1.391.287 Total funds 14 1,465,478 1,391,287 The financlal statements on pages 6 to IS were approved by the trustees, and authorised for Issue on 24 July 2025 and slgned on thelr behalf bv: Mrs E Y Wllllams Trustee The notes on pages 8 to 15 form an integral part of these financlal statements. Pa8e 7
The Eagle Charfty Trust Notss to the Flnanclal Statements for the Year Ended 31 December 2024 l Accountln8 polkl¢s Statement of Mmpllanc• The fin8nclal statements have been prepared In accordance wlth the second edStlon of the Char5tles Ststement of Recommended Prnctlce Issued In October 2019. the Flnanclal Reportln8 Stsndard appllcable In the Unlted Klngdom and Republlc of Ireland (FRS 102) and the Charltles Act 2011. B•sls of prep•rntlon The Ea8le Charlty Trust rneets the definltlon of a publlc benefit entlty under FRS 102. The accounts lfln•n¢l•l ststementsl have been prepared under the hlstorlcal cost conventlon wlth Items recosnlsed at Cost or tran5Ktlon value unless otherwlse ststed In the relevant notelsl to these accounts. Golng concern The flnanclal statements have been prepared on a 8oln8 concern bJsl$. The trustees assess whether the use of 8oln8 concern Is approprlate l.e. whether there are any materlal uncertalntles related to events or condltlons that may cast sl8nlflcant doubt on the ablllty of the charty to contlnue as a golftg ¢on¢ern. The trustees make thls assessment In respect of a perlod of one year from the date of approval of the flnanclal statements. Income and endowments InKstment Income The Chlrltles Income Is derlved entlrely from Investments and Interest arlsln8 on bank deposlts. Incwie Is accounted for as It recelved. Éxpèndltur• All expendlture Is re¢o8nlsed once there Is a legal or constructlve obll8atlon to that expendlture, It Is probable settlement Is requlred and the amount can be measured rellably. All costs are allocated to the appllcable expendlture headlng that al8ate slmllar costs to that category. Where casts cannot be dlrectly attrlbuted to partlcular headlngs they have been allocated on a basS5 conslstent wlth the use of resources. All resources expended are Incluslve of Irrecoverable VAT. Ralslnqfvnds These are costs Incurred In the rnanagement of Investments. Charltsble expenditure comprises those costs Incurred by the charlty In the dellvery of Its actlvltles #nd servlces for Its beneficiaries. It Sndudes both costs that can be allocated directly to such actlvltles and those costs of an Indlrert nature necessary to support them. Page 8
The Ea8le Charlty Trnst Notss to the Hnanclal Statements for the Year Ended 31 December 2024 The charlty was set up as a 8rnnt provlder to other ch•rttles and 8ood (auses. Grnnts are made on a one off basls to a broad range of organlsatlon These include the costs attrlbutable to the charws Cornpllan wlth constltutlonal and StatOry requlrements. In¢ludln8 audft. strate8lc management and trustees, meetln8s and relmbursed expenses. Irrecoverable VAT Irrecovernble VAT Is charged a8alnst the cate80ry of resources eXded for whlch It was Incurred. TtIon The charlty Is consldered to pass the tests set out In Parn8raph I Schedule 6 of the Fln•nce Act 2010 and therefore It meets the definltlon of a charltable company for UK corporatlon tax purposes. Accordln8ly, the charfty Is potentlally exempt from taxation In respect of Incorne or capltal 8alns receS¥ed wlthln categorles covered by Chapter 3 Part 11 of the Corporntlon Tax Art 2010 or Section 256 of the Taxatlon of Char8eable Galns Art 1992. to the extent that S Income or 8alns are applled exdusl*ty to charltsble purposes. Flxed 8s8•t Inv•stments Flxed asset Invertments, Other than pro8rnmme related Investments, are Included at market value at the balance sheet date. Reallsed 8alns and losses on Invertments are kulated as the dlfference be¢wew sakes proceeds and thelr market value at the start of the year, or thelr subsequent cost, and are char8ed or credlted to the Statement of Flnanclal Actlvltles In the perlod of dlsposal. Unreallsed 8alns and losses rePreSt the movernt In m•rket valuu durln8 the year and are credlted or thar8ed to the Ststement of FanCl ActMUes based on the market value at the year end. Cash and equlvalents Cash and cash equlydlents comprise cash on hand and cau deposlts. and other short-terrn hl8hly Ilquid Investments that are readlly convertlble to a known amount of cash and are subject to an In48nlfkant r15k of than8e In value, Fund struclure Unrestrfcted Income funds are geral fvnds that are •wll•ble for use at the trustee5' dlscretlon In furtherance of the obiectlves of the tharlty. Pa8e 9
The Eagle Charlty Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Flnan¢lal Instrwnents Financial aets and finandal liabilities are recognised when the charlty becornes a party to the contrdctual pmvlslons of the Instrument. Flnanclal Ilablllties and equlty Instruments are classlfled accordln8 to the substance of the cortractual arran8ements entered Into. An equity instrument is any contract that evidences a resldual Interest In the assets of the charity after dedurtln8 all of Its Ilabllities. Recoqnltlon ond measurement All flnanclal assets and liabilitles are Inltlally rneasured at transaction prlce (Includlng transartlon costs), except for those flnanclal assets classlfied as at fair value through profit or loss, which are Inltlally measured at falr value (which is nonnally the transactlon prke excluding trdnsaction costs), unless the arrangement constltutes a financlng transaction. If an arrdn8ement constitutes a financing transaction, the financlal asset or financial Ilablllty is measured at the present value of the fvture payment5 discounted at a market rate of interest for a similar debt InstnJmenL Financial assets and 118bilities are only offset in the statement of financial posltlon when, and only when there exists a legally enforceable right to set off the recognised amounts and the Gharlty Intends either to settle on a net basis, or to realise the asset and settle the Ilabilty simultsneously. Flnanclal aet$ are derecognlsed when and only when a) the contrattual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers to another party substsntlally all of the risks and rewards of ownershlp of the financial asset, or cl the charity, desplte having retalned some, but not all, s18nlflcant risks and rewards of ownershlp, has transferred control of the asset to another party. Flnandal Ilabllltles are derecognlsed only when the obligation speclfled In the contract is dlscharged, cancelled or explres. 2 Investment Income Unrestrfrted fund$ Genernl Total 2024 Total 2023 Interest receSvable and similar income; Interest reCeIb]e on bank deposlts Other income from flxed asset investments 781 65,113 781 65,113 50.979 65A94 65.894 50,979 Pa8e 10
The Eagle Charlty Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 3 Expendlture on ral$1 fvnds a) Investment management costs Unre5trlcted funds General Total 2024 Totsl 2023 Note Other Investment mana8ement costs: Other portfollo mana8ernent costs 3.403 3,403 4,188 3,403 3.403 4,188 4 Expendlture on ¢harftable a¢tlvltles Unrestdrted funds General Total 2024 Total Grant fundln8 of artfvitTes Govemance costs 51,000 1,423 51,000 1,423 68,000 1,291 52.423 52,423 69,291 S Analysls of 8overnance and support co#s Governlnee tosts Unrertrlrted funds General Total 2024 Total 2023 Independent examlner fees Examlnatbon of the flnancknl statements Allocated support costs 939 939 895 396 1,423 1,423 1,291 Page 11
The Eagle Charity Trust Notes to the Flnanclal Statsments for the Year Ended 31 December 2024 6 Grnnt-makln8 Analysls of £rnnts 6rnnts to Instltutlons 2024 Grants 51.000 68,000 The support costs assocl•ted wlth 8rantamakln8 •re £NII (31 Detember 2023 - £NII). 7 Not InMmWoutyoln8 r•sourtes Net IncomIn(oUt&0ln8) resources for the year Indude: 2023 Other nOraUdIt ser¥lces 939 8 TruJt•eg rnmuneratlon and expen No trustees, nor any persons connected wlth them, have recel¥%d any remuneratlon from the charlty durln8 the year. No trustees have recelved any reombursed expenses or any other b•*ffts from the char]ty durln8 the year. 9 Indap•nd•rt •x•mlMrfs remunerat 2023 Exarnlnatlon of the flnandal statements 939 10 Taxatlo The charlty Is a re8lstered chjrlty and Is therefore exempt from tsxatlon. Page 12
The Eagle Charlty Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Other Investments 1,457.049 1,379.112 Other Investments Unnsted Investments knie5tments Tot•1 Cost orvaluatlon At Ijanry 2024 Revalu•tk)n Addltlons Olsposils 1.319217 64.123 59,895 1,379,112 64,123 65,794 51.980 51,980 At 31 December 2024 1,383340 73,709 1,457,049 N•t ljook lue At 31 December 2024 1,383,340 73,709 1457 049 At 31 December 2023 1,319.217 59,89S L379,112 12 Cash •nd •qulval•nts Cash at bank 9.369 13,070 13 fJ¢dltors: amounts f4111ry du• wlthln ornyw Accruals 940 895 Pdge 13
The Eagle Charlty Trust Notes to the Financlal Statements for the Year Ended 31 Dttefflber 2024 14 Funds ance at Balance at I January Other Resources recoEnlsed expended 8alMI(losse5) Incomlng resource5 De¢ember 2024 Unrestrl¢ted General 1,391,287 65,894 155,826) 64,123 1,465.478 Balan¢e at 31 DKember 2023 Balance at i January 2023 Other Resources reco8nlsed expended Balns/(losses) Incomln8 resour¢e$ Unrestrlcted funds Generdl 1,375,417 50,979 3,479 38,370 1,391,287 IS Anatysls of net assots between fund5 Unrestrlrted funds General Total funds at 31 Dttember 2024 Flxed asset Investments Current assets 1,457,049 9,369 (9401 1,457,049 9,369 (9401 Current Ilabllle5 Total net assets 1,465,478 L465,478 Unrestrlrted funds General Total fund$ at 31 December 2023 Fixed asset Investments CUrnt assets 1,379,112 13,070 1895) 1,379,112 13,070 {8951 Current liabilities Totsl net assets 1,391,287 1,391,287 Pa8e 14
The Eagle Charity Trust Notss to the Financial Statements for the Year Ended 31 December 2024 16 Related party tronsactlons There vRre no related party transactlons in the year. Page 15