## **ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023**
**ARK RESOURCES CHARITY REGISTRATION NUMBER: 1057347**
SIMPLY SOLUTIONS LEGAL AND ACCOUNTING SERVICES PENVENTON MILL TREVISKEY LANNER CORNWALL TR16 6AS
||||**ARK RESORUCES**|
|---|---|---|---|
||||**CONTENTS**|
|Page|3||Legal and Administrative Information|
|Page|4|to 5|Chairman's Report|
|Page|6||Statement of Receipts and Payments|
|Page|7||Statement of Assets and Liabilities|
|page|8|- 10|Notes to the Accounts|
## **ARK RESOURCES**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
1057347
## **START OF FINANCIAL YEAR**
6th April 2022
**END OF FINANCIAL YEAR**
5th April 2023
**TRUSTEES AT 31ST MARCH 2022**
Mr Andrew Baker Mr Paul Didcote Mrs Carole Baker Re Mrs Heather Cocker Mrs Carol Gardiner
The existing trustees appoint any new trustees following the provisions laid out in the Charit governing instrument.
## **GOVERNING INSTRUMENT**
Deed of Trust dated 25th June 1996, amended by deed 29th September 2009 amended by deed 2nd May 2013, amended by deed 29th September 2009 amended by deed 28th April 2014, amended by deed 27th July 2018.
## **Objects**
The furtherance of the Christian religion by the follow:-
a) To give finance or help to people according to their need and to teach others to have a giving nature. b) To arrange holidays for those otherwise, for varied reasons, could not take such times of refreshment; especially children.
c) To hold conferences to teach a better way to live.
d) To train people in Biblical economics prayer, healing, faith, worship and to further the Christian way of life.
## **CORRESPONDENCE ADDRESS**
Moorings North Corner Coverack Helston TR12 6TQ
## **INDEPENDENT EXAMINER**
Mrs. T. D. Robinson Simply Solutions Legal and Accountancy Services Penventon Mill Treviskey
Lanner Cornwall TR16 6AS
Page 3
# **ARK RESOURCES**
# **CHAIRMAN'S REPORT FOR THE YEAR ENDED 5TH APRIL 2023**
## **Makeway Ministries**
(Working name of Ark Resources) UK Registered Charity No 1057347 Registered address: The Moorings, North Corner, Coverack, Helston TR12 6TQ England
## **Chairman’s Report 2022 -2023**
This year has been a very interesting one as the world seeks to adapt to the constant global changes of a new season. With costs soaring and people becoming afraid of how they can survive in such instability, the work of those who have a faith in God has become more important to these concerned members of society. The directives and drivers of this Charity help meet the needs of, at least, a few of those who are anxious or suffering because of a lack of resources and trustworthy leaders.
So, during this year, we finished the preparation work and have now printed a new book entitled “The Kingdom of God - A Better Way to Live”. The book does what the title suggests; it explains how we can all learn to live with peace in this turbulent world, with provision and hope and without anxiety, in the way God planned for us. We have also begun a Zoom training course, based on this new book, teaching these principles to our first group. The course is a first step to see how people could benefit from such teaching, with the intention of offering a future, refined version to a wider audience.
As is now normal, the team have held a UK conference to worship and teach about biblical economics and how to walk in these principles. We also held a tour/ministry mission to Switzerland in the late spring where we were able to follow the same line of action as the UK conference plus an additional gala evening to encourage giving for good and godly purposes as well as holding worship and prophetic teaching. We took a second trip to a different part of Switzerland, where we were invited to take part in the wedding of one of our members as well as holding several private meetings with other members to help them in the lives and ministries.
We travelled to Spain in December to jointly host a three-day Forum for leaders from around Europe. The idea was that we should come together to learn from each other how best to deal with the challenges of a changing global landscape. It was an amazingly collaborative and useful time. We also ministered ourselves in the main church meetings in Malaga.
We took a team to Devon to meet with many leaders who were again seeking to understand how to react to the changing world, particularly with regard to food, supplies and resources. We spent much time as a team, in early 2023, preparing for a mission to Geneva which is planned for May/June period. Once again we saw God provide for our needs in ways that were very special. During the year we have held several of our own Zoom meetings for around 100 people. These have been to experience worship and Bible teaching and to help train others in similar work.
Page 4
## **ARK RESOURCES**
## **CHAIRMANS REPORT CONTINUED FOR THE YEAR ENDED 5TH APRIL 2023**
Both myself, as Chair, and the team, have held many one-to-one ministry sessions on Zoom and face to face in order to help people with need or those needing to learn to help others in need. We have also held meetings to teach people about giving to the various types of people outlined in the Bible.
The team were invited to several meetings of other ministries where we were able to teach about how to believe for provision during the lack and shortages being faced by many on a daily basis. I, as Chair, now sit on various boards of leaders and businesspeople in order to have, hopefully, wise input into the issues and problems facing them.
This year we were able to collectively give to many in need, to food banks, to help provide Bibles for those with none, to support ministers and missionaries, to help spread the Gospel, plus giving surprise blessings, tours and trips to those who spend their time looking after the needs of others. It has been a wonderful year to give, despite the apparent lack of money facing many people.
Meetings were put on hold in August while I, the Chairman, had a hernia operation. The timing was miraculous because the surgeon found that my intestines were about to rupture, a condition that could have proved fatal!
In conclusion, this has been an extremely fruitful year with projects achieved and foundations laid for the seasons ahead, all at a critical juncture in world history.
A P Baker Chairman
Page 5
## **ARK RESOURCES**
## **STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 5TH APRIL 2023**
|**RECEIPTS:**
**Notes**
Voluntary Income
**2a**
Investment Income
**2b**
Charitable Activities
**2c**
Other Incoming Resources
**2d**
**TOTAL RECEIPTS**
**PAYMENTS:**
Cost of Charitable Activities
**3a**
Governance costs
**3b**
Other Resources Expended
**3c**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**|**Unrestricted Funds**
**Total**
**Total**
**2022/2023**
**2021/2022**
**£**
**£**
72,184
81,837
0
0
84
228
0
0
**72,268**
**82,065**
84,008
74,491
1,882
2,664
48
891
**85,938**
**78,046**
**(13,670)**
**4,019**
19,143
15,124
**5,473**
**19,143**|**Unrestricted Funds**
**Total**
**Total**
**2022/2023**
**2021/2022**
**£**
**£**
72,184
81,837
0
0
84
228
0
0
**72,268**
**82,065**
84,008
74,491
1,882
2,664
48
891
**85,938**
**78,046**
**(13,670)**
**4,019**
19,143
15,124
**5,473**
**19,143**|
|---|---|---|
|||**82,065**|
|||74,491
2,664
891|
|||**78,046**|
|||**4,019**
15,124|
|||**19,143**|
The notes on pages 10 - 12 form part of these accounts
All operations are continuing operations
Page 6
## **ARK RESOURCES**
## **STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 5TH APRIL 2023**
|**ASSETS**
**05.04.23**
**Note**
**£**
**Designated Bank Funds in Sterling:**
RBS 576
0
RBS 166
0
RBS216
0
RBS 618
0
RBS 353
190
RBS 426
662
RBS 264
552
Swiss Post Fiance CHF 785
4,122
Swiss Post Fiance CHF 916
1,947
Cash Tin
425
**7,898**
**Represented by:**
General Fund
**5,473**
**LIABILITIES**
Loan
2,025
Independent Examiners Fee
400
**7,898**
**TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS**|**05.04.22**
**£**
0
0
0
0
0
6,719
1,468
2,363
9,668
1,350|
|---|---|
||**21,568**|
||**19,143**
2,025
400|
||**21,568**|
|||
Charity Law requires the Trustees to prepare financial statements for each financial year which comply w regulations set out in the charities Act 1993. The trustees have elected to take advantage of the provisi apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets a Liabilities which are set out on pages 8 and 9.
Approved by the Trustees on……………….......................................... 2023 and
Signed on their behalf by………………………………………., Chairman
Page 7
ith the
ons that
nd
## **ARK RESOURCES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5TH APRIL 2023**
## **1. BASIS OF ACCOUNTING**
The accounts have been prepared under the "Receipts and Payments" basis as prescribed by the Cha Commissioners, and they meet the appropriate legal requirements. The accounts are prepared on a " concern basis.
|**2. RECEIPTS**
**a) Donations, Legacies and Similar**
**Incoming Resources**
Gifts, Oferings & Donations
Delegates Sales
**b) Investment Income**
Interest
**c) Charitable Activities**
Book Sales
**d) Sundry Income**
**3. PAYMENTS**
**a) Cost of Charitable Activities**
Gifts for welfare local, UK and abroad
Rent and Rates
Utility Costs
Telephone and Mobile Expenses
Printing, Postage and Stationary
Equipment/Computers|**Unrestricted Funds**
**Total**
**Total**
**2022/2023**
**2021/2022**
**£**
**£**
66,978
72,807
5,206
9,030
**72,184**
**81,837**
0
0
**0**
**0**
84
228
**84**
**228**
0
0
**0**
**0**
43,186
48,017
4,550
3,850
3,000
3,000
1,101
1,105
136
323
624
858
**52,597**
**57,153**|**Unrestricted Funds**
**Total**
**Total**
**2022/2023**
**2021/2022**
**£**
**£**
66,978
72,807
5,206
9,030
**72,184**
**81,837**
0
0
**0**
**0**
84
228
**84**
**228**
0
0
**0**
**0**
43,186
48,017
4,550
3,850
3,000
3,000
1,101
1,105
136
323
624
858
**52,597**
**57,153**|
|---|---|---|
|||**81,837**|
|||0|
|||**0**|
|||228|
|||**228**|
|||0|
|||**0**|
|||48,017
3,850
3,000
1,105
323
858|
|||**57,153**|
Page 8
## **ARK RESOURCES**
## **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2023**
|**3. PAYMENTS (Continued)**|**Total**|**Total**|
|---|---|---|
||**2022/2023**|**2021/2022**|
||**£**|**£**|
|**a) Cost of Charitable Activities (Continued)**|||
|Repairs and Maintenance and Equipment Hire|0|163|
|Teaching Materials|0|722|
|Volunteer Expenditure|0|0|
|Conference Expenses and Travel|27,601|14,591|
|Vehicle Expenses|3,810|1,862|
||**31,411**|**17,338**|
||||
|**Total Cost of Charitable Activities**|**84,008**|**74,491**|
|**b) Governance Costs**|||
|Bank Charges and Interest|793|724|
|Insurance Costs|375|375|
|Variance Adjustment|(404)|86|
|Legal and Professional Fees|1,118|1,479|
||**1,882**|**2,664**|
|**c) Other Resources Expended**|||
|Miscellaneous Expenses|48|891|
||**48**|**891**|
Page 9
## **ARK RESOURCES**
# **NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2023**
## **4. PAYMENTS TO TRUSTEES AND RELATED PARTIES**
No other payments were made to any other Trustee.
## **5. RISK ASSESSMENT**
The trustees actively review the major risks which the charity faces on a regular basis and believe tha maintaining the free reserves stated, combined with the annual review of the controls over key financ systems carried out on the annual basis will provide sufficient resources in the event of adverse condi the trustees have also examined other operational and business risks which they face and confirm tha they have established systems to mitigate the significant risks.
## **6. RESERVES POLICY**
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's ne This is based on the charity's size and the level of financial commitments held. The trustees aim to en the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortf income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
Page 10
itions.
at
eds.
nsure