Regisiered Chariry Nllmber 1O4()71H FREEDOM'S ARK Trustees Report and Accounts for ihe year ended 30 NoVeMr 2023
FREEDONI'S ARK Report and aceounts Contents Charity inlonnaiion TNsiees' ReEM)rt Siatemerti of Trustees, resw>nsibililies ALLountJnts' report SiateTnenl of Financial Actiiitie£ Income and ExndItre account .Sthtemeni nf total recognised gains a[ Re£ogllised Gainq and Movemeni.q in Accumulaied Funds Baiartce sheei io Noie% 10 Ihe accounts Delailed stalen1 of FitthnLiai Activilies 18
FREEDONI'S ARK Company Inforjnatio Trustees Re O L Obunge Mrs O Owolabi Ms N Mensah Dr V Obi laptmiinted on 26 May ryO?31 Rev M JohrtS0rt lapw>irtied on 8 March ?024) Reporting Aetountants Fumi Popoola B.Sc FCCA cfA FP A8s()ciaie% Litnited 36A G(M1yeS Ro Ilford Ess¢x IG3 9UR BAnke Barclavb Bank PIC Lower Tottenhani Branch North "1 London Group P O Box ?403 London N182BY Registered office The Dream Cenite T0etthaM Town Hall Toltenhatn London N154RY Registered number
FREEDOM'S ARK
The report of the trustees
for the yvar ended 30 November 2023
Intrll£tiOn
The Trusteeb prcscni their annua] reportartd accounts forthe year ended 30 November 2023.
The Board of Twsiees are satisfied wilh ihe rforn7an¢t of ihe chario. during ihe year and (he position
at 3U Nov¢mkr ?07.3 and C{51¢r that th¢ charitv is in a strong w)sition io continu¢ its aciii'ities during
the coming >Ear. and that the chariiy's &sseL£ ate adequate io fulfil ILS obligations.
Name. registered and constitution
FREEDOM'S ARK The report of the trustees for the yvar ended 30 November 2023 FiDaDcial ReTriew Fund5 in deficit There weTe no funds in deficit during the Av¢lllability adequacy Sets of eoch ofthtfvllds The Biwd of Tnjstees is Slried that the ch3tity's a5ts in each fund are available and adquate to fultil its oblig&tions in respect of h]td. Transactions Financialposition The linancial statenienL& are.t page.s 7 10 1 ]_ The financial AtstemenLS h3I'e been prepared itnpletnenting the 8tatemeni of Recotnmended Practice for Accounting and Rep)rtin£ by chtieS issued by the chtY Cotntni55iOll foT Englatmi and Wdes dnd in aCconce w.ith the FRS102 {effecti¥e jury ?0151. As stated in the intru¢[lOn Lo this rerxTrrt. the Trustees Lon%ider Ihe finanLial perlomwnce by ihe ch&rii)' during (he seat io ha¥e been Sali%faciory. Thc Siaicmcni of Financia] Activiiics show nci incoming rcsourccs for thc ycar of a rcvcnuc nature of £1.192 (prior ye9x ouigoing resourtrsof L?4.4671. Fr¢¢ unrestriaed liqllid re5ers'¢s amouTht¢d to £81.553 IpTior)rar £81.8(X)l. The LhtY received grts (wtn the TSell TtUsL Lulld( Boruugh Of Hngey, tAKaJily Jnd All Churches TTUSt in the ended 30 Noi"etTrbeT 23. Spe¢ific chaRge5 infircda55ets Changcs in fjxed asis are shown in dethil in the noies io the accounis. There were fixed as5eis of £?U.458 purchas¢(l in th¢ yeaT ended 30 November ?0?3. The members ofthe Board of Tnlstees ofthe CbaTity duTing the year ¢Dded 30 November 21123 were : Rev O L Obunge Mrs O 00]abl Ms N Men.4ah Dr V Obi [ap11edOll 26 May 2(1231 The TNstee5 are all memkrs of the Chariry. The members of the Board of Tn]ste£s ofthe Clwity at the date the rert and accounts were approved were: Rey O L Obunge Mrs O Owolabi M% N Mell%ah T)r V Obi lappN)int¢d on 26 May 20231
FREEDOM'S ARK The report of the trustees for the yvar ended 30 November 2023 Bankers Rarclays Rank PIC Lower Tollenham NoTih Easi London Group Londun N189BY Independent Ex#tThiner Fumi Popoola B.Sc FCCA cfA Chartered Certified Accountants FP As)OLiaiLS Limiicd 36A Good[tY Road Ilford IG3 9UR Statement ofTrustees' RespoDsil)iilties The Chariiies Aa requires Ihe Board of Trusrees io prepare financial sthienrnts for &ich flnancial }ear which give a trL]e and fair i'iew of the affairs nf the charit). at the end of the finan¢i31 year and of the %urplu.4 01 deticit of the charitv. In pteparing those financia] stamenL% the Bi)ard 15 required tD:_ - seleci suitable aceouniing poliLies alld then apply them COttSiSlellllj; - make judgertnis and estitmies thai are teastsnable and ptudetti: &nd - pTep the fInLi sLL1¥[lts on the ¥oin¥ iJ)llLeTll bdsi5 unle55 it is inappropriaic 10 prc%un Ihai Ihc charii). 111 coniinuc Ln bu%incss. siaie wheiher applicable accouniino siandards and siaiemenis of recommendd prncti¢¢ hai't been follo"<d. subject to anv rala1 departur&4 d1£cld and explajned the financia] ststtnLS; The Tru%i¢es are a]40 r£sry)n8ibl¢ lor maintsining adequaie ac£ouniing rerords which di108¢ with r¢asonabl¢ accur3c}' at any Lirtr the financial p)sition of the chariiy and which are sufficient to show and explain the charity'% transactions and enable them to ensuTe that the financia] %taten]enLS coniply with TeguldliLTrn% de undeT the Chatiiie% ALI. They ate also re%tx)n%ible foi deguarding the &%%eL% or Ihe Lharilv hence for iaking reasonable steps fut the ptevenlion atLd deieLlion of (raud and oiher irrLguItiL. The Trusiees are also responsible for rhe conrenrs of the Trusiees. reFxm. aTKi the resryinsibility of the Independent Examiner in relation io the TtUSLees' rqM)rt i£ 1]uled io exattuning the iejxin and en&uring that , on the face of the rew[¢ there aTe no inconsi5Lencie5 with the figures disclosed in the fin3ncial This r¢pon approY¢d by th¢ Board of Trus$ on 7i Sep*mber •O?4. Rev O L Obunge Trustee
FREEDONI'S ARK Independent Examiner's Report to the trustees of the charity Report of the Independent F.xafftiner to the Tru5tee5 on the accounts of the Charit)- for the l'ear ended l November 2011 I report on the finthci&l sitiieTnents of the ChaTtty tsn page5 7 to I I for the vear ended 30 NoveTnber ?O?J, whieh hav¢ bccn prcparcd In aco)rdancc wilh ihc Chariiic% ALI 2011 and wilh ihc FRS102. cffcciii'c January 2015. adapied 10 meei ihe needs ol Unincor)rl¢d Oan1110%. llKKlified bv (he Sthieiiieni of Reconimended Prncti¢¢ for Accouniing and R¢Fxming issued bv the Charity Commissioners for England & Wales. underih¢ hi.siorica] cost roThv¢niioTh and the acrounting FK>li¢i¢s ser our page 12. Respectiie resnSIbilItieS of tTUStees and examiner desctibed on Pdge 4. the chtY, Tn]stee5 ate res[sible fot the PTeparation of the ffinanci sutetnenls. The Tru%tee% are %ati%fied that the audil Iequitemenl of Seciion 144(1 l of the Chatilie% Aci 2011 (the Aci) diJe& noi apply. and ihai (here is no requirtnl In the go¥erning d(umeni or consiillltiim of (he Charity for (he conduiting of an audii. As a cothstquence. th¢ Tw51tt5 have ele£tr4J ihai the Iinancial stsremenis be subjea to independent exanunation. Haying satisfi¢d mjstf thai th¢ chariry is nor subjea io audii a[ is eligible for indyndeni examinaiion, Jr is Tny re%pon£ibiliry to:_ al exlThe the under 5eLlion 145 0( the Act; bl 10 follow Ihc procLdwcs ld down in thL &'ncrdl Dirtciions given by the Ch1}, Commission undcr ection 1451511b) of the Aci.. and- cl to sthie wheiher particular mailers have come 10 my allenuon. Basis Trfnpininn and 5cibpe nfm.nrk UDdertaken I conducied mv examinaiion in accordance %%'iih the General Direriions oiveTr by the Charity Commisstoners tor England & Nl'al¢.s in relaiion LO the ndOing of an indetKndent eyamination. reterred 10 aiK)ve. An independent exam]nation includes a Tei'iew ol. the accountin£ tecord£ kept by the Chanty and of the accounting s)'5tems etnploved b). the Chatiti. and a cornpati50n of the financial stsietnent5 presented with thuse TeLurds. It a]su inl1ud Lonsiderdliun uf unusual ilems ui disLIvsures in the finanLial stdletnenls and eking cxplanaiiort% Irom you as ffii%icc% cimccming %uch m&iicr%. Thc puryN)%c of thc cxaminaiion i$ 10 establish as lar as possible thai Ihere have been rto i*eaches of Ihe Chariiies legislaiion and Ihai Ihe financial bUl¥nknis comply 1th thL SORP. ort a rcsi bas1& of ei'idencL relci'arti io thi Ount and di¢]05rC.s in the Iinancial siaienknis. The PTIKedure% undertak'en do not provide all the idence would be required in an audiL and info[ntion supplied by the Trustee5 in the cOue of the exarnination is not subjected 10 Judit tests 01 enquiTies. consequendy I do noi expres% an audit opinion on the i"ieM' giNen by the financial 4tstemenLS, aDd p3rticu13r. l expre&5 no opinion a5 10 w'hetheT ihe financi gii"e a true atd fail of the a(faiT5 of the th[y. tThy Teport Is IiTniid lu Sel vui in the sLLIe[]lli belts. I planned and perftsrnKd my examinaiion so as io saiisly myself Ihai ihe objeciives of Ihe independent exarninaiion are achieved and fOre finali8ino the re1 l obLlin wrillen suranCe$ from the Trnsi¢¢s of all material mai¢ers.
Independent Ex¥unlner's Slten)tht. Subject tn the limitations up()n the of mi. woik &% detsiled alM)i"e. in connection with m5. exatnindtion , I can cunfutn that thi5 IS a report in of exatninatioTh catTied oui under section 145 of the Act 3nd in dLLurdanLe with any direLtions giien by the Comtni%sion under %btion 15llbl vf that seLlion whiLh are appliLable-, and thai no tnaiier h&% come ¢0 mv ainiioTh in corme£iioJJ with my examiuaiion whJ"cb giveq me reasonable cause to believe lha( in any marial resptci ihe requirements lil to keep accounting records in accordance with section 130 of the Ac liil lo prep fillCl stdlements which co[d with the accounting records cotnply with the aCLounting requiremerti% of Ihe ALI artd- liiil thai the financial stalcnn[S prcpthred in eo]thcc wilh Ihc and principlLs sei Out in (he SiaicnKni of ReCoMtded Pracric¢- AccouniiTho and Re[Ing by Chariiies have not been met: or to which. in tn). (yinion. ntiOn sh(M]Id be draTrI in tny rqxbrt in order to enable a pmperundet£tanding of the account£ ti) be reached- The Examiner's Televant PTofessionaJ qualification or IM)dy'. Chan¢r¢d Cenified Accounwjts Futni Popoola B.Sc FCCA CTA Chartered Cenified Accountanis FP Associate£ Litnited .30A G(KKimay¢s Road Ilford Essex IG3 9UR The date upon which tnyopiThion is expresse5 is on 25 Septernr 2024.
FREEDOM'S ARK Statement of financial Actii"ities ftsr the ye&r end 30 Nthvember 20LI UnrtsrictrO Re#ricted Total Lastycar Fulld5 FuDd5 Totsl FuDd5 2023 2022 Intoming re50llrces Voluntarv Incotne Invixtmtnt In¢om¢ 201253 486.434 405.(47 Total in¢orning resources 201J72 285.181 486533 4DiJ55 28.y 4.%4..143 3%.66¥ 33,134 4?9.82* Governancecosts Total resources eIended 1.619 287.742 485.-161 Net incoming resourcesllnet outgoing re50urce5 before transfers betweeD funds 1.439 124.4671 Gr transfers between funds Net incoming resourcesllDet out2oin% resou) before Other recogni5ed gaiD5 and lo&se5 12471 1.439 {24.4671 Other recogni5ed gain5 ad ]o&fe5 Net moTr'ement in funds ,439 124,4671 RecoDciliatlOD of fuDts ToiixlJunds broughiforword 81SIK) 163,IA6 245.446 2[,913 Total Funds eArried forwArd 81553 165,1185 246,L 243446 The nei t[veMent in fund5 leed io the inco]ning Tefoutres defin in the 50RP and is rLro]Kiled to the tvtsl fu5 as %hvwn in Ihe Ba1ce Sheet pdge 9 TEqUitEd by th¢ the SORP. All actitItS derive from (olltilluillg operdtNx The on pa%¢$ 11 to 17 fom inte2rg1 partof theseAwounl
FREEDOM'S ARK Statement of financial Actii"ities ftsr the ye&r end 30 Nthvember 20LI Intome a1 Endire Account for tILe year ended 311 Noyember 2011 2023 2022 Turnover 480.4.U 405.047 Dire£t costs of turnover 454J43 396.688 Gro Surplus 32.091 8.-159 Governance cost5 31ffj18 33.134 Opernting sUrp1{der1eit) I75 {24.77.%1 Interesi reLeivable SurplU(derlCltI on ordinarj. adiiities before tsx 1•4.467) Sllrplusl(deficiti forthe finanei81 year 1•4.467) Gift Aid Paytnents Retsined surpluslldfftitl forthe finaniial Yegr All actsiities derive from continuing operatioLs The note5 pages I I tu 17 fom integral partofthesea¢rounl Statement of Total Recognised Gains aDd IsseS for the year ended 30 November 2023 2022 Exce of Incotne oi'er Expendille irfore reall10n ofa55et5 s per Prvfil and fy5 aLcounr 124.467) 124.467) Net [OVement ill fuDds before1tiO 1?4.467)
FREEDOM'S ARK Statement of financial Actii"ities ftsr the ye&r end 30 Nthvember 20LI D*loTrements in reTrenue and capital funds ror Iht ?t#r endtd 30 November 2011 Revenue accumuIated funds Unres1¢1&1 R(stJScts1 Total Last Yr Fund5 FDJ5 Funds TotAI Fvnds 2023 2023 202J 2022 AUmlted fllnds brought fotivord Recognised gains and losses fore transfers 81.81K) )69.91.4 124.4071 245.446 1.439 81i5_1 165.085 246.618 C11n revenue a¢eumlated funds 165.08.S 246.638 ?45.446 Revenue accuTnulated fi]nd5 81i53 165.085 46.638 245.446 The pages 1110 17 fom Intrgral partof thesea¢¢oun
FREEDOM'S ARK Balance Sheet as at.30 November 21123 2023 2022 7Tr¢ assets liabl[rhe5 ollhe¢hanty." 11.972 11.972 Tothlfired&s¥ets CDrr¢ut a55ets l4 a6.5Xi ?19.nl.I 93.$01 IW.9A. 9.1.786 CL%h hank atKI in hatKI aIfK)urtL% due withinOf yea 163.?8)1 {M).3121 ?l?J16 233.474 TothlaS&eiS les$ txvreHt1h1IlIT•S ?46.63X 245.44fi cr1¢T5.. amunts due after trLYethan one year ProvLsloths for Ilabliitles sujd tharg2s Net wets including pension a¢ Iliability ?46.63A 245.446 Thefvttds ofrhe choiity." Uhrestrkied Itt¢0 Unrestricied relen aciumulad funds Desi2nated revertue I'urtds Uhrestrltied capltsi D¢4ignated fixed funds 81.553 81.8Tr) Totthl unre5tritted futtds 81J53 81.81X) Reslrieted ltttome futtds Resincted rel'enue ccuTnuled luTrJs Restricted capitsl funds Tvtd restritted funds 165.085 163.646 165J)85 163.646 Total charfty fu]Mls 246.63¥ 245.446 Rev O l. Obwi8e Trusttt Approved by the board of trusteoson Seplember 2024 The notes th] pagts 11 to 17 fortD #n integral prfof ¢bfs¢ 10
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 AcLUlillting puliats Basi5 ofpreparnlton of ihe occounts The Fin¢1] suiements hav¢ been Prepared in accordance with the FR510? effeaiTre January 21115. and a]1 other applicable accounting.standartLs nNMiitied hy the Sthiennl of Recotntnended Ptaciicefoi Accouniing and Rerting i55ued the Chari1} Cott]rniS5ioners foT Engld & I&,e (The SORPI adapied 10 the needs of unicoTtK>TJied organisalivns. The ccoiint% hale been dThwrt lip in aLLYJrdanLe lIh ihe PTOI'j%lOrt% ofthe Charilie% Accounti and Report.$ Regulations and LnLlude all (he re%ults olihe charity s (weiaiions which aredescrit in Ihc TTUSltcs Rirt. all of which arc coniittuing. Tnsofar a% ihe SORP requires compliance wiih.%ErcifJc Financial RetK)r¢ing Sthndards other ihan the FRS1112 then the %pecilic Financial Rew)rting Stsndards have been followed where their tequireTnent£ differ fmtn those of the FTrSIO) The particulJT accounting EK>licies adopted are 5eL oui below. AccDunting conventio ThL fill¢]dI sldlCtn[5 prepared going conceTTr b7¥. underihe hislotical cost conN'ention. The chatit) is eniirely dedeI on continuin£ donations and a con£equence the going LonLetn blS Is also dqxndenlon cunE]nuingdoni0S. Incoming Re5o11rces Incotning resources 3r¢ accounted for on o rer¢iv3bl¢ b3Si.5. InveslmeAtPrnperttes Thc charity hcld no invest¢ propcrties during thc year. Recognition of liobilities Liabilities aTe recognised ort ieh aCCTuals basis in *cordttnce llOTtnttl accounting principles, tmdifies where llec&%%ary in accordance w'iih Ihe 4kuidanc¢ ven in (he SORP. Resources Expended Expcndiiurc is rLxognisLd on an accnjal basis as a liability is incurre41. Exp-'ndimrc includcs any VAT which Cannot b¢ lully r¢Vered ar is rew)nfyl pan o1theexndItyre LO which it relatrs_ Irt pariiLular the policy for includittg iieJJL% withiti eosis of getterniijjg futs. c11(ab]e activities and governance 15 Costs ofgenerotinglunds This coniprises ihe cost as50ciaied with auTaaiDg grants. donations and other volunry inco.11 also includes any fundraising costs. Ckariffoble tim11e5 Thi_4 Tepre%ent% thn%e co%t% incutTed by the charitv in the delier¥ of IL% activjties and TrICe to il% beneficitirie%. li inLlude% LM>ih LY)Sl% thai caTh be all<KaieAi diteLlly Iu suLh aCti%ilie% atLd Ihuse Cosls of art indireci narure necessary io sup[}rt ihtm.
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 GovernoNce costs The%e represent those costs associated with neiitig the COnlIOI1 a]Ml SLliUiOry requireJDenis of Ihe charity. Allo¢¥ of cos¢s wirhin rypes ofresourees expended All cosis arc allal¢d beiween ihe expeThliwr¢ cai¢gories of the SofA on a basis designed io reflect the of the resouice. FixedAssets aNddepre¢ialion All tangible tixed &%eL%. e%cepL freehold and bllilding% are srated at cost le&5 depieciation. FTeehold ld Jnd buildin¥% %tated at a i"JluJiioTr arriyed al b}" a pwfe%%iunJll}' qudlified fitm of vaiuers. who valued (he asseis on the basis of 0rt marker i'alue in currenr use. Items of less than £l(Kl are not c4)ithii¥ed. Depreciarion has been provided ai th¢ followng rares in order io wri off the &s5ets (less theioT expeLted residual vajuel over theiT estii]]ated useful econoTlliC live5. Frtthold land and buildings VehiLles Plani and machincry ? styaighi line 25& %rtaighi line ?5 rLduLing balartcc Taration As a regisiered charity the Company ig exejnpi from income attd CorrVation thx io the exienL thai ils income attd gain% are applicable to charithble putrK>%es only Va]ue Added T&x ]% not r¢coi'eTablt by ihe compathy. and is Ihtref(Ke included in the relevani c4)sts in the Staments Financial ActiN'iiie8. Funds slrnclurepDIicy The chdtity lnEill a genetal unTe5tticted h]nd which tepTesents fund5 which are expendable at Ihe di%creiion olthe Tru%iee% in lurtherartLe olthe objecL% of the eharily. Such (und% ThY be held in order to finance iM)Ih "OrkIng capitsl and capithl invesiments. Re5triLled funds pmyided 10 the LhdTity fvi P4LrticularpuTPS)5¥5 it is the ps)licy of the Roard of Trusiees 10 carefull> nKJniior (he applicaiion of ihose Funds in ac£ordance wirh rhe testriction£ placed uw>n theTtL There is no fornu] policy ol IM]sfeT beNeen fun¢Js or on the a]lIKl0 of fullds ts) desionatrd funds other than that deqcrihed alM)ve. Any other proed 1rdnslerbtetn fuThJs would k considued (he particularcircumsthnces. Winditig up or di4solution ofthe tharity If up)ll willding up or dikwluiion of the chariiy there remain an% &g£eL%. afier ihe liraCtIon of all debib dnd liabiliiies. Ihe P[c)en by the a¢¢umulated fund.shall be tranSf¢ed io some uiheiLharitsble b()dy ur b()die% hai"iThg sitnilat thjecLs Iv the charily. 12
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 3 IDeficitVsurplus for the Year 2021 2020 Rtvenut Turnovtr frntn orditi#rY #ttiiilits 486,434 405.047 and after charging:. Depreciation of owmed fixed assets Renia15 under operarino leases TTU8tee8' reTnuneration Pension costs IndeLKndeni Examiner's Fe£s 8,108 35.500 28.550 3.294 3.991 59.167 -10.47_5 2.657 Funds EYlon¥in¥ to the hTity been used foT the purchas¥ of insurnee 10 protect the chaTity from loss arisin(F frorn ncoleci or dcfaults ol Ils tnjsices. cmployccs or agcnts. or io indcmnify its TTu%ie¢%. employeeg or agenis aoainsi ihe consequen¢e£ of anv neoleri or defaulr on iheir part. The sum expended OD such insur4nc¢ was as indicatrd in the ahbve %hedule. Detailed analvsis of certsin trLaL% required by the Stateent of Re(ornnded Prnctlte for Ath)untlDg and Reporting Issued bi the Charlty for England & Waks Vou iietns uf sUPPUn CO515 Lh[able expendiiure which dre required b). the SORP tu be disclosed in (he noic% 10 (he accouni.q are *1 oui in ihe tkiailed hellul¢ 10 (he sth(ennI of Financial A¢tiN'Jties and its app¢ndic¢s from page 19 h1¢h.hould b¢ tead rogether with these notes. My&terial legaci&s that have heen notified bl included the StateMet of FthAtttAal Arth11 There were material legacies the ri(L InVeStnt IDcume 2023 2022 Other bank deFx)sii ij)reTesi received 308 Anal)'sis of grants paiable in furtheran of tbe cbarill's objetts All granifi paid in furth¢ranc¢ to ihe charlt) s objects u¢r¢ paid Lo chaTiiies with similar objecL% both in the UK and oY¢r5W. Deferred Incoming Resources & Reserves- RestTictsd funds Opethg Deferrals Reitastd from prior years Reteived less released in lear Deferred at year end Sundry iiems under £l(KKI Total 81.889 81.889 12.289 69.6(K) 69.6(M) 13
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 2023 2022 These deferra]5 are included creditor5 69.600 81.889 8 Siaff Cts and Emolurnents 2023 2022 Gro%s Sa]aries Einployer'i Naiiondl Insurance Pension Contrihution 16i,I90 152.880 -1.176 180.481 166.195 Numbers of full tiTne tmployecs or full tirnt fqvivaitnts 2023 2022 Engaged on chdTitsble tilltieS There wEre no etnplovees with in excess of £f1,{) wannu]n Remuneration ottrystees and person5 connected with trustees 2023 2022 Remunertilion payllble lo lrnstees orconnectedpeTSORS Rev O L Obunge Total remllneration 28.550 28,550 30.975 -10.975 Employer's NutioNallnsunince contsibulioRs Pensitpn payments relaling ¢0 trusle¢s or¢onNutrdperson5 Rev O L Obunge 668 719 RernuneTdliun Pdid lu Rev O L ObunEe fui &etVILes cald oui on behalf Of the TnL5t in 'ith Ihe Tru.$1 De&l. 10 TruMco4' Rernunerntion No tru.8trcs or r$onS connectrd with the other than those shown aiKJVe. received any remunuaiiotl. 11 Tanglble ¥ed &wts Freehold Land and Ma¢hiner) & buildings Vehicles Tolal Asset cos¢ Traluation or revalued amount At l December 20?? Additions 107.-YJl 222.7(KTr 20.458 20,458 135.803 At 30 Novemt¢r 2023 107.361 243.164 14
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 Accllmuiated depretiation and impairnient proFisior At l Decembtr 202? Depreciation on reva]uation chgl foi thL At 30 N0ve[nT •0?3 107.3( 103.374 210.734 8,108 111,482 8.108 1()7.360 218.84• Net book value At_30 Nove[nIr •02_3 At 30 November 202 11.970 All osseis are used fordirett charithble putw>ses and thete ate tho itia]ietiable 01 hetithge asseis All 3re uRed fordirect chatitsble PUTPDSe_ 12 Owed by subsidiary undertakin 2023 2022 Owed by subsidiary 20.67.5 ?0.675 13 Subsidiary undertakings During the Ye undeT Teview. the Lhdriiy hds a whvllv owned trddin¥ subsidi[ The Diedrn Centre LA)ndun Limiied (company number l(Tr.S(KJ7451 wih IlJ)* o( iis %hare capithl atbd Voling nghi%. The principal aciiviry of Thc Dream Centrc LA>ndon Limiied is property rcnia] and Managenl. 14 Deblor5 2023 21122 Trad¢ debLor8 Amounts due Subsid undetthkings 4?.9.34 23.651 7.3.126 20.675 9.3.801 IS Creditors: arnounts falling within one Year 2023 2022 Trade crediior% Acctued eipense£ 11.5.4191 1.34.9861 2.5%0 10.829 81.889 60.31? PAYE NI i,861 69.6rJ) Deferred income and ants in Vance 15
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 16 Atudysis uf the liet ID 2023 2022 Net movetnent in funds frotn Statetnent of Financial Aciiiitie NLI rLyullfcLS p]led on funciiundl fixed asscts Net movement ID funds aTriilable for fulre actiiities ,192 120,4581 119.?661 124.4671 1?4.4671 The net resources ttpplied on funciionttl fixed assets and the nd inleT[1 in programme relaied inve51menis rcprcscnis the cost of addiiions less pftS of any dis&[$. 17 Partitu]xr5 of Individu Futtds xttd 0(ats liabiliiiLS prsentin% funds At 30 November 2023 Lnnslricted DesIgled R(strted funds rund5 Total Funds Tangible Fixed Assets Curreni A55eri CutTent Liabilities 24.322 120.513 163.2821 81.ii3 24.322 ?85.598 16_1.2g21 246.638 165.085 16_i.085 At l Detember 2022 UllreslrlctLd Dl8&1ed R(stle Total Tangible Fixed Asgets CutTenl A%%ets CurrLni Liabililics 11.972 130.140 114).31?) 81.¥(M) 163,646 293.786 160.3121 245.446 16.3.646 Funds at 2022 Movernents Transfers Between funds Funds al 2023 Funds as below Genernl Fund Benevolence Building Fut Food Bk 57.449 12461 6.5?? 17.775 48.011 123.6?7 ?46.638 128.711 ?45.446 15.0841 1.19? Anal)'sls ofmovenhents fllnds Show in the l*ble above IDCOnJi Out%ninE cra1$ & lovtment in funds Gerter Fund Benevolence Fund Food Bank {?461 10.810 74..371 486._i_i_I 4.288 279.455 48_5._161 15.0¥41 16
FREEDOF+l'S ARK Notes to the Accounts for the year eDded 30 November 2023 The General Fund is Utire5rriCted Jnd is used foT the general tunning of the chatity. The Bene%'olerti Fund is used mairtl). io assisi membets olthe chuTch who are in need. The Building Fund is used i0.ardb (he rnainienance of the church premises. The Food Bank Fund is lld to feed those in need. Sufficient reU¢t4 are held in an appropria* lorni io enabl¢ each lund io k applied in accaTdance with any re%trictioTh%_ 18 Endowment Funds The chatitj had no endo1 futKis in the IraretKied 30 NoNe[nIr 202.3 01 in the ye3T ended 30 NOVemr 202? 17
FRF.F.IK)M'S ARK Seheduie io the Statement ofFinaDcial ActiTitiÉs rthr theyEar ended 30 ¢Trember 21IZI FU15 FuDd5 J12J Totsl Fua5 1022 23 23 lrtti)ming Rt%ouriY4 VolutAr Income ti0TrtrlMVnt pbIt Wi Tnco]nin%re50urtt5 revenue athre Iniumc 45&4.U 431 48&4.M T11 Tla1 Gra1LE%ries & Donatio5 Rgrtived 201JJ ,Ixi 4,04? 40?47 Tots] Voluntary Intole 201 l]Jiestment Income Olh¢rbank (ktwil In(crcs1 (rJ¥C0 Trtal Ive5tht I¢Tr To¢a] Incon1]g Rwurccs 2O1J72 2¥S,1¥1 4W53 Jss C&5ts of generatingfunds Charltable expendllurÈ Cosls o1Cli¥JIleS olihtchrritys Je(lIVe5 Costof %upplK IuRi W12 3upP¢)rt¢o$ts4f¢htyrnIel¢•¥I4eI GD)44 %*l#tj¥- ¢h#rithle &nIli¢S 136.840 I21.5 9.939 2.657 EmplD)rr% Nt- Chxrithlrl1%1TIC5 Pcn%inn contnbuti0Trs rharitabkcrnpb)rc5 VoluTricct5'C05ts 8.84) 2.723 233 Function Co#5 13Wi Travcl and %ubsistuKc 5.146 5.4_I_1 MotorcKFtnscs 7A16 1W- 21.091 13224 18
FRF.F.IK)M'S ARK Seheduie io the Statement ofFinaDcial ActiTitiÉs rthr theyEar ended 30 ¢Trember 21IZI FU15 FuDd5 J12J Totsl Fua5 1022 23 23 Pr¢Mts¢s Cd%ts Rent Yable Rate& water seThicecharges Tn%uranL 4&150 M369 35. 638 638 22.056 7.677 Lighldlld heat 3.9x3 h39 1321 SerVi¢eCharges W74 55J61 I435 119m7 TCIcphc and fL StatsoncryaThl printine tnfotTnaUon Jnd wblicati Subscription Equipment eXn*S Hire ofequipment CainpuW r(K%l% AdsertisingaJM1 PR Bank ¢hO¢ sundryeAnSes 4.88_1 7.742 3.539 -1.615 4S9J 076 l4• 3.533 429 1.1 3.39) 910 993 4.795 29.& 25.7 Pro[essivMlftes consi11LrY fcc5 Oihcr L£gal fcc & Profesonal ManagcmcTrL fcl Depreiiauon of fixed &tsUSedforgowe1ll 50518 34.475 1.473 6.6%? 6.398 2_951) 5_774 2J_Trl ¥.11 7&319 3.YYI 76 BeneNolertce li¢)? Honorariuni 13.847 J7JM6 JW3 161 269261 370J76 19
FRF.F.IK)M'S ARK Seheduie io the Statement ofFinaDcial ActiTitiÉs rthr theyEar ended 30 ¢Trember 21IZI FU15 FuDd5 J12J Totsl Fua5 1022 23 23 Total Expended oll Charitabk A¢tivilie5 171.A)I 454.343 39&688 Gtsverndrt¢eeosts iltotdre trertMllQ$tt#I/mhCI5 i#here#ii#geMeri#g fwids. sÉrvitedtliptry andprogrommt orproi¢tiwwk .SpecifwgoveFJMftc¥cos£r Tniilcc4 rcmuncralion 285Y) 3Q975 Independent Examu5 Fees Total governance costs 118 Jl.018