Charity registration number: 802134
The Eagle Charity Trust
Annual Report and Financial Statements for the Year Ended 31 December 2025
The Moffatts Partnership LLP Chartered Accountants Suite 1.1, Jackson House Sibson Road Sale M33 7RR
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The Eagle Charity Trust
Contents
Reference and Administrative Details 1 Trustees' Report 2 to 3 Statement of Trustees’ Responsibilities 4 Independent Examiner's Report 5 Statement of Financial! Activities 6 Balance Sheet 7 Notes to the Financial Statements 8 to 16
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The Eagle Charity Trust
Reference and Administrative Details
Trustees
Charity Registration Number
Principal Office
tndependent Examiner
Miss D Gifford Mrs EY Williams Mrs S A Nowakowski Mr RM E Gifford 802134
PO Box 229 Menai Bridge LLS7 SEW The Moffatts Partnership LLP Chartered Accountants Suite 1.1, Jackson House Sibson Road Sale M33 7RR
Page 1
The Eagle Charity Trust
Trustees’ Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2025.
Objectives and activities
Objects and aims
The charity was set up as a grant provider to other charities and good causes.
Objectives, strategies and activities
income is derived from investments and used to provide ongoing funding to other charities.
Public benefit
The trustees continue to make grants to a broad range of organisations, supporting work in the United Kingdom and overseas.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
Grants are made on a “one off basis" with no commitment to provide ongoing funding.
Achievements and performance
The charity has continued to provide one off grants to a number of other charities. During the year the charity made twenty seven payments (2024- thirty) to a wide variety of organisations. The grants ranged between £1,000 and £3,000. It is the Trustee's policy not to publish details of the beneficiaries.
Financial review
The financial statements show that the investment income amounted to £61,388 (2024: £65,894), and that distributions were made to twenty seven organisations totalling £52,000 (2024: thirty and £51,000). The income of the charity is derived solely from its investments and whilst income remains at the current levels the Trustees will continue to maintain the levels of distributions.
Funds carried forward at the 31 December 2025 totalled £1,674,161 (2024 - £1,465,478). All of the charity funds are unrestricted.
Policy on reserves
Grants are made on a "one off basis" with no commitment to provide ongoing funding, and as such, the trustees are committed to maintaining the minimum possible level of free reserves.
Principal funding sources
The Charities income is derived entirely from investments, and interest arising on bank deposits.
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The Eagle Charity Trust
Trustees’ Report
investment policy and objectives
The investment policy is to invest on a low risk basis with a balanced rate of return and capital growth.
The investments of the trust have been valued at market value as at 31 December 2025. The valuation shows an unrealised gain of £204,269 (2024 gain, £64,123) in the year. The investments have recovered during the year with the unpredictable nature of the stock markets.
Structure, governance and management
Nature of governing document
The charity is governed by a deed of settlement dated 1st December 1988.
Major risks and management of those risks
General risks
The trustees consider that the only substantial risk to the charity is a permanent diminution in its income producing investments.
The charity obtains professional advice from stockbrokers in respect of its investment holdings.
The annual report was approved by the trustees of the charity on 30 March 2026 and signed on its behalf by:
Et.— Whuiawsx
Mrs E Y Williams
Trustee
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The Eagle Charity Trust
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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¢ observe the methods and principles in the Charities SORP;
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e¢ make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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¢ prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation: governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 30 March 2026 and signed on its behalf by:
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Ey, Why.
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Mrs EY Williams Trustee
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The Eagle Charity Trust
Independent Examiner's Report to the trustees of The Eagle Charity Trust
| report to the trustees on my examination of the accounts of The Eagle Charity Trust for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity trustees of The Eagle Charity Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of The Eagle Charity Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The Eagle Charity Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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noe
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he Moffatts Partnership LLP
Chartered Accountants
Suite 1.1, Jackson House
Sibson Road
Sale
M33 7RR
30 March 2026
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The Eagle Charity Trust
Statement of Financial Activities for the Year Ended 31 December 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | 2025 | 2024 | ||
| Note | £ | £ | £ | |
| Income and Endowmentsfrom: | ||||
| Investment income | 2 | 61,388 | 61,388 | 65,894 |
| Total income | 61,388 | 61,388 | 65,894 | |
| Expenditureon: | ||||
| Raisingfunds | 3 | (3,543) | (3,543) | (3,403) |
| Charitable activities | 4 | (53,430) | (53,430) | (52,423) |
| Totalexpenditure | (56,973) | (56,973) | (55,826) | |
| Gains/losses on investment assets | 204,269 | 204,269 | 64,123 | |
| Netincome | 208,684 | 208,684 | 74,191 | |
| Netmovement infunds | 208,684 | 208,684 | 74,191 | |
| Reconciliation offunds | ||||
| Totalfunds broughtforward | 1,465,477 | 1,465,477 | 1,391,287 | |
| Totalfundscarriedforward | 15 | 1,674,161 | 1,674,161 | 1,465,478 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 15.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
The Eagle Charity Trust
(Registration number: 802134) Balance Sheet as at 31 December 2025
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|2025|2024|
|Note|£|£|
|Fixed|assets|
|investments|11|1,658,908|1,457,049|
|Current assets|
|Debtors|12|1,417|-|
|Cash|at|bank and|in|hand|13|14,820|9,369|
|16,237|9,369|
|Creditors: Amounts falling due within one year|14|(984)|(940)|
|Net current assets|15,253|8,429|
|Net assets|1,674,161|1,465,478|
|Funds of the|charity:|
|Unrestricted|income funds|
|Unrestricted|funds|1,674,161|1,465,478|
|Total funds|15|1,674,161|1,465,478|
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The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on 30 March 2026 and signed on their behalf by:
S EZ...— Whliaas‘
Mrs E Y Williams Trustee
The notes on pages 8 to 16 form an integral part of these financial statements. Page 7
The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The Eagle Charity Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
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Income and endowments
investment income
The Charities income is derived entirely from investments and interest arising on bank deposits. Income is accounted for as it received.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. All resources expended are inclusive of irrecoverable VAT.
Raisingfunds
These are costs incurred in the management of investments.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
Grant expenditure
The charity was set up as a grant provider to other charities and good causes. Grants are made on a one off basis to a broad range of organisations.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.
irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and tiabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
2 Investment income
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Unrestricted
funds Total Total
General 2025 2024
£ £ £
Interest receivable and similar income;
Interest receivable on bank deposits 2,297 2,297 781
Other income from fixed asset investments 59,091 59,091 65,113
61,388 61,388 65,894
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3 Expenditure on raising funds
a) Investment management costs
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Unrestricted
funds Total Total
General 2025 2024
Note £ £ £
Other investment investment management costs;
Other portfolio portfolio management costs 3,543 3,543 3,403
3,543 3,543 3,403
4 Expenditure on charitable charitable activities
Unrestricted
funds Total Total
General 2025 2024
Note £ £ £
Grant funding of activities 52,000 52,000 51,000
Governance costs 1,430 1,430 1,423
53,430 53,430 52,423
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|---|---|---|
|Other investment investment|management|costs;|
|Other portfolio portfolio|management|costs|
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4 Expenditure on charitable charitable activities
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
5 Analysis of governance and support costs
Governance costs
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Unrestricted
funds Total Total
General 2025 2024
£ £ £
Independent examiner fees
Examination of the financial statements 984 984 939
Allocated support costs 446 446 484
1,430 1,430 1,423
6 Grant-making
Analysis of grants
Grants to institutions
. . 2025 2024
, £ £
Analysis
Grants 52,000 51,000
The support costs associated with grant-making are £Nil (31 December 2024 - ENil).
7 Net incoming/outgoing resources
Net incoming resources for the year include:
2025 2024
£ £
Other non-audit services 984 939
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8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
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9 Independent examiner's remuneration
2025 2024
£ £
Examination of the financial statements 984 939
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
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11 Fixed asset investments
2025 2024
£ £
Other investments 1,658,808 1,457,049
Other investments
Listed Unlisted
investments investments Total
£ £ £
Cost or Valuation
At 1 January 2025 1,383,339 73,709 1,457,048
Revaluation 204,269 - 204,269
Additions - 59,870 59,870
Disposals - (62,279) (62,279)
At 31 December 2025 1,587,608 71,300 1,658,908
Net book value
At 31 December 2025 So 1,587,608 71,300 1,658,908
At 31 December 2024 1,383,339 73,709 1,457,048
12 Debtors
2025 2024
£ £
Accrued income 1,417 -
13 Cash and cash equivalents
2025 2024
£ £
Cash at bank 14,820 9,369
14 Creditors: amounts falling due within one year
2025 2024
£ £
Accruals 984 940
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
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|---|---|---|---|---|---|
|15|Funds|
|Balance at|
|Balance at 1|Other|31|
|January|Incoming|Resources|recognised|December|
|2025|resources|expended|_|gains/(losses)|2025|
|£|£|£|£|£|
|Unrestricted|
|General|1,465,477|61,388|(56,973)|204,269|1,674,161|
|Balance|at|
|Balance at 1|Other|31|
|January|incoming|Resources|recognised|December|
|2024|resources|expended|_gains/(losses)|2024|
|£|£|£|£|£|
|Unrestricted funds|
|General|1,391,287|65,894|(55,826)|64,123|1,465,478|
|16|Analysis of net assets between funds|
|Unrestricted|Total funds at|
|funds|31 December|
|General|2025|
|£|£|
|Fixed|asset|investments|1,658,908|1,658,908|
|Current|assets|16,237|16,237|
|Current|liabilities|(984)|(984)|
|Total|net assets|1,674,161|1,674,161|
|Unrestricted|Total funds at|
|funds|31 December|
|General|2024|
|£|£|
|Fixed|asset|investments|1,457,049|1,457,049|
|Current|assets|9,369|9,369|
|Current|liabilities|(940)|(940)|
|Total|net assets|1,465,478|1,465,478|
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The Eagle Charity Trust
Notes to the Financial Statements for the Year Ended 31 December 2025
17 Related party transactions
There were no related party transactions:in the year.
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