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2024-03-31-accounts

Charity registration number 1079070

Company registration number 3896833 (England and Wales)

WIRRAL CHURCHES' ARK PROJECT

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE 15 MONTHS ENDED 31 MARCH 2024

WIRRAL CHURCHES' ARK PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Dr I J Cubbin
Mr M Godfrey
Ms G A Ferris
Mr A D Roberts
Mr I L Roughley
Miss L Taylor
Mr G R E Jones
Ms V K Jones
President Fr Robert Nelson
Secretary Merril Grundy
Charity number 1079070
Company number 3896833
Registered office 7 Sidney Street
Birkenhead
Merseyside
CH41 1BF
Auditor Xeinadin Audit Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR

WIRRAL CHURCHES' ARK PROJECT

CONTENTS

Page
Trustees' report 1 - 10
Statement of trustees' responsibilities 11
Independent auditor's report 12 - 15
Statement of financial activities 16
Balance sheet 17
Statement of cash flows 18
Notes to the financial statements 19 - 34

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE 15 MONTHS ENDED 31 MARCH 2024

The trustees present their report and the financial statements of the charity for the fifteen months ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Established in 1991 Wirral Churches’ Ark Project, or Wirral Ark as it is more commonly known, is a charity focused on helping homeless individuals through the provision of accommodation and support. Our Articles of Association and supporting objects are clear:

The Charity is formed for the benefit of the community. Its charitable objects (‘the Objects’) shall be to carry on for the benefit of the community:

Wirral Ark is Wirral’s only independent homeless charity. We believe everyone has a right to a safe and secure place to live. We support hundreds of people each year who are experiencing homelessness or at risk of becoming homeless through providing housing from 11 properties situated across, Wallasey, Birkenhead and Prenton.

Overall our aim is to break the cycle of homelessness through our compassionate approach to homelessness and it’s many factors. Alongside our accommodation provision Wirral Ark also aims to address the root causes of homelessness, by playing a frontline role in addressing issues with substance misuse, mental health, physical health, social exclusion, low confidence and wellbeing, and distance from the labour market.

Through our accommodation, wrap around professional services and support, and a compassionate ear, Wirral Ark helps people achieve positive and real outcomes for themselves.

Wirral Ark works with Wirral Council’s Housing Options Team and Rough Sleepers Initiative. After an initial assessment has been made by the referring organisation and the individual has been referred to Wirral Ark, our team provide quality accommodation and wrap around support to help them on the road to recovery with the aim of ending the cycle of homelessness.

Working with a Case Management Worker, our specialised Nurses and our Activities Co-ordinator, clients receive comprehensive, personal support for their physical and mental needs in a safe and secure environment that nurtures independence and promotes building a better future.

People come to us from all walks of life: isolated people with mental health or drug problems, current and exoffenders, former rough sleepers and people who are begging or street drinking. Wirral Ark staff work together as a team to create a specialised and tailor made path for each client that will help them best realise their potential and lift them out of homelessness for good.

Wirral Ark provides a wide range of activities to promote physical and mental health and the building of relationships between clients and staff, other clients and the community in Wirral as a whole.

Finally, we want to educate and raise awareness for Wirral Ark’s work, and the individual and societal issues people experiencing homelessness face in the community, by creating educational content to highlight these issues and our achievements.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Our Mission

Wirral Ark aims to fearlessly unite people in the fight against homelessness. We help individuals experiencing homelessness achieve their personal ambitions through respect, courage, compassion, and a personalised plan of action.

Our Vision

Wirral Ark helps believes everyone deserves a safe and secure place to live and aim to reduce homelessness in Wirral by working together with our staff, residents, and supporters.

Our Values

Think Wirral Ark. Think HOME .

H onest - Wirral Ark acts openly and with integrity with our staff, residents and community.

O pen Minded - Wirral Ark is free from judgement and bias, striving to help everyone break the cycle of homelessness and better themselves.

M otivated - Wirral Ark works tirelessly to provide a personalised plan of action for each resident to help better themselves.

E mpathetic - Wirral Ark strives to understand and respect the journeys our residents have faced and offer a caring and compassionate environment.

Public benefit

Wirral Churches' Ark Project exists for the benefit of the public and its aims are stated under 'Objectives and Aims' above

Significant activities

The activities undertaken to achieve the charity’s objectives are:

Wirral Ark is also part of Wirral Council’s Rough Sleeper Initiative (RSI) where we offer 3 emergency beds as part of the overall provision provided by a range of partners each night.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Employees

Wirral Churches' Ark Project is committed to employing well managed, well informed and highly skilled staff. Within our Strategic Growth plan 2023-2024 we positioned the value of our staff to our business as we sought to resolve the old chicken and egg debate ie which came first and, in our world, which are the most important, staff or resident ? For the avoidance of doubt in Wirral Ark the most important group of people are the staff.

At the end of March 2024 there were 34 employees (headcount) of which 19 were full-time and 15 part-time. All recruitment is done in a transparent manner to ensure fairness and the selection of the best candidate. All new staff are required to have a DBS check and are given a full induction to ensure they are ready to take on their new role.

In terms of gauging and understanding how our staff are feeling about their work, the business and our residents, we combine a range of approaches which include our Employee Forum, first meeting October 2022, supervisions, suggestion boxes, an open-door policy and an annual employee survey. In our annual employee survey, January 2024, employees told us the following:

When asked what makes them proud to work for Wirral Ark, our employees told us:

Colleagues also described the business as below over the last 2 surveys:

2024 – Supportive, Caring, Compassionate and Friendly 2023 – Compassionate, Caring, Professional

Residents even think we are not too bad ! On a scale of 1-10 how would you rate our service overall? 1=Poor, 10=Excellent

2024 - 9 2023 - 8

Wirral Ark strives to create a calm, professional, driven and caring environment where our values of HOME can thrive and proposer. We will continue to strive to secure stronger and greater positive feedback from staff as we move forward. In return the business asks that all staff recognise the efforts of the organisation and respond to the messages of ‘Man in the Arena’ and to treasure what we all have. Collective ownership of how the business cares and behaves will enable us to deliver great achievements and personal success for the residents we serve every day.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Residents - Feedback

Committing to the importance of staff within Wirral Ark is in turn designed to ensure we continue to deliver the best services and care to our residents. In terms of gauging and understanding how our residents feel about our work, the business combines a range of approaches which includes suggestion boxes, a formal and transparent complaints process, resident meetings, exit surveys and an annual resident survey. From our annual resident survey in January 2024 we received the following highlights:

Some quotes from our residents:

Overall, if we all want work in a business like this, which is so beautifully and kindly described above residents, then it is up to us all to look after it, cherish it and make it better.

Resident - Profile

Asking residents to complete a survey every year does allow us to collect profile data which can only help us to develop more appropriate and targeted services for our residents:

NB: Figures in brackets are from our last report which covered 12 months. The current year figures are for 15 months:

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Volunteers

Wirral Churches' Ark Project is appreciative of the valuable contribution of all the volunteers. Some stay with us for many years, for others we are a stepping stone to employment - but whatever the reason people join and for however long they stay, they are an important part of the organisation. Volunteers are required to have a DBS check if appropriate and are given training to ensure they are ready to undertake their role.

Achievements and performance

The period January 2023 to the end of March 2024 continued to be a demanding but enabling time for Wirral Ark and in particular we achieved strong progress across the following areas:

Registered provider

Throughout the 15-month period we continued to move forward in terms of securing Registered Provider (RP) status from the Regulator of Social Housing (RSH). For example, we:

o Board Appraisal Policy

All of these pieces of work, regardless of securing RP status, are helping to build a better Wirral Ark which is more sustainable and viable in the future.

Nurses services

During the reporting period we also undertook to secure CQC registration for our Nurses Service. This will bring confidence and compliance to the service which will enable us to secure on-going funding for the service from the local Integrated Care Board (ICB) whilst in due course considering future service expansion.

Fortunately, the staff involved in delivering the service are all experienced nurses who are familiar with the requirements of the CQC regime. However, it is clear to everyone that the service will need to operate within a more demanding level of overall governance than has been experienced to-date. Examples will include:

As with looking to secure RP status, reaching the level of organisation and performance demanded by the CQC drives better service provision for our residents which is one of the key objectives of our business.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Wirral Ark launched its Strategic Growth Plan 2023-2024 which is built around 4 strategic growth areas. We will describe these within this document as ‘Strategic Pillars’.

In order to deliver growth and improvement all of the Strategic Pillars must each be supported by underpinning areas of work, which in turn are delivered through a number of plans and activities.

It is important to recognise that ‘growth’ is not solely focused on increasing turnover or securing additional funding. For the most part it is directed at the growth of the business through for example, improving how we work, developing our staff, listening to our residents and celebrating our successes. It is also about the growth of the business in terms of consistently delivering on its values, our increased levels of professionalism and overall maturity.

As detailed earlier, to deliver growth each Strategic Pillar must be supported by underpinning areas of work, which in turn are delivered through a number of plans and activities. Work done by colleagues during the three stages developed the following:

TALENT
EFFECTIVENESS		 SOCIAL IMPACT STRATEGIC
DIRECTION		 FINANCIAL STABILITY
Skills Understanding Social
Benefits		 RP Accreditation Funding Streams
Leadership Living Brand Values Vision Cost Management
Effective Processes
and Procedures		 Communications
(External)		 Staff Buy-In Accountability
Communications
(Internal)		 Strategic Partnerships Board on Board
Core Products

Mainstay

A key step Wirral Ark also took during the January 2023- March 2024 period was moving all our resident service information onto Mainstay which is the client management system used by all providers of commissioned services working with vulnerable households affected by homelessness across the Wirral and Liverpool City Region.

Previously our two commissioned services, Mary Cole House and Ark Angel used the Mainstay system to record all their work with residents within these projects. This didn’t include our on-going work with residents staying in Hilltops, Grand Trunk and Waterview. This hindered overall management oversight and performance improvement. However, since around July 2023 all resident services are on Mainstay which enables a range of progress and performance reports to be run monthly, quarterly and annually.

Mary Cole House

From May 2023 we secured a contract with Wirral Council to deliver the Mary Cole House hostel contract for another 3 years. Unfortunately, towards the end of the tender process the Council chose to cover the 3-year period through 1 year contracts which was rather unsettling. However, it should not distract from the fact that we retained our contract through submitting a strong tender and we look forward to serving, to the best of our ability, our residents and individuals over this period.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Financial review

Our principal funding sources remained our Supporting People contracts with Wirral Borough Council for our hostel (Mary Cole House) and 14 move-on units (7x2 bedroom properties) our Ark Angel project, and Housing Benefit for all the accommodation units. These represent the majority of our income. In addition, residents pay Personal Costs for items such as TV licenses and food. Together these can be considered our core income. The total number of units is 71 plus 3 emergency/assessment rooms.

Incoming resources for the 15 months amounted to £1,870,184 (£1,431,073 12 months to 31.12.22) and expenditure amounted to £1,775,771 (£1,256,016 in 2022) giving a contribution to reserves of £94,894 (£122,410 in 2022).

Unrestricted free reserves amounted to £275,529 (£230,515 at 31.12.22) and this is made up of unrestricted, undesignated reserves of £854,763 less unrestricted reserves represented by fixed assets of £579,234. Cash held in the bank at the end of the period amounted £456,914 (£390,647 at 31.12.22).

Salary costs continue to be a major expense for the charity, but this is a necessity given the nature of the business. Wirral Ark is committed to doing the best it can for ous staff particularly through tough economic times.

All income and expenditure is fully recorded and accounted for to the trustees. Sage 50 Accounts is used to record all the transactions and is the basis for the monthly management accounts that are submitted to the Board and the statutory accounts process. The monthly payroll process has been outsourced.

Reserves policy

The aim of the reserves policy is to ensure that Wirral Churches' Ark Project's ongoing activities are reasonably protected from unexpected variances in income and give the charity the ability to take up opportunities as they arise. The level of unrestricted reserves is reviewed each year by the Board in the context of the financial risks associated with the various income streams, expenditure categories and balance sheet items together with the charities ability to meet them from realisable/liquid reserves. The Board are satisfied the Wirral Churches' Ark Project's current level of reserves meets that needed.

As a charity limited by guarantee, no dividends are paid.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error.

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

During 2023 Wirral Ark develop a new Strategic Risk Register which contains 11 risks:

No Risk Sub-Committee
1 Failure toprovide Decent Home Standard(DHS) properties Operations
2 Failure to meet expectations on net zero carbon/sustainability Finance
3 Ineffectivegovernance / failure to complywith laws and regulation Finance
4 Failure to complywith our Health and Safetyobligations Operations
5 Companyis not financiallysustainable Finance
6 Failure to meet safeguardingstandards and requirements Staff & Resident
7 Data securitybreach Finance
8 Poor dataquality Finance
9 Inabilityto attract,developand retain skilledpeople Staff & Resident
10 Failure to deliver services to required standards Operations
11 Servicequalityfails to meet customers’ expectations Staff & Resident

The Board manage risk in the following manner:

Summary

Wirral Churches’ Ark Project has had a demanding year but ultimately it has been progressive and successful. We are moving inexorably towards securing Registered Provider (RP) status which will be hugely important for the long-term sustainability of the organisation. Understanding, managing and improving the services we deliver is already taking place through having all our activity recorded on Mainstay whilst we’ve also secured our flagship Mary Cole House hostel service for 3 more years. Well done everyone !

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Structure, governance and management

Wirral Churches' Ark Project exists to aid the relief of poverty, in particular by the provision of accommodation and support for homeless persons or those facing homelessness. The company (Company Registration number 3896833) is governed by its Memorandum and Articles of Association, is limited by guarantee, and is registered as a charity under the Charities Act 1960 (Charity registration number 1079070).

The trustees, who are also the directors for the purpose of company law, and who served during the 15 months and up to the date of signature of the financial statements were:

Dr I J Cubbin

Mr M Godfrey Ms G A Ferris Mr A D Roberts Mr I L Roughley Miss L Taylor Mr G R E Jones Ms V K Jones

Recruitment and appointment of new trustees

Trustee directors are elected by a majority vote at a Trustee Meeting. Each trustee has a term of 3 years, with a maximum of 3 terms in a row ie nine years in total. This will need to be revised if we secure Registered Provider (RP) status as they only allow 6 years in total. Upon standing down no Trustee may stand as a Trustee again until a whole term has passed ie 3 years.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure

The Board of Trustees can have a minimum of 6 members, and a maximum of 12. The Board meets quarterly to discuss plans for the charity, funding developments and current important issues affecting the business. In addition, there are three sub-committees:

  1. Finance and Business Planning

  2. Operations, Development and Health & Safety

  3. Staff and resident welfare and engagement

The sub-committees have delegated powers from the full Board. A Chief Executive Officer is appointed by the Trustees to manage the day-to-day operations of the Charity.

Induction and training of new trustees

New Trustees undergo orientation to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

Trustee

Dr I J Cubbin

WIRRAL CHURCHES' ARK PROJECT

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

Dated: 26 September 2024

WIRRAL CHURCHES' ARK PROJECT

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE 15 MONTHS ENDED 31 MARCH 2024

The trustees, who are also the directors of Wirral Churches' Ark Project for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law 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, including the income and expenditure, of the charitable company for that 15 months.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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 Companies Act 2006. They 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.

WIRRAL CHURCHES' ARK PROJECT

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WIRRAL CHURCHES' ARK PROJECT

Opinion

We have audited the financial statements of Wirral Churches' Ark Project (the ‘charity’) for the 15 months ended 31 March 2024 which comprise, the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

WIRRAL CHURCHES' ARK PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WIRRAL CHURCHES' ARK PROJECT

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group and the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

WIRRAL CHURCHES' ARK PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WIRRAL CHURCHES' ARK PROJECT

Extent to which the audit was considered capable of detecting irregularities, including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

WIRRAL CHURCHES' ARK PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF WIRRAL CHURCHES' ARK PROJECT

Helen Furlong FCCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited

.........................

Accountants Statutory Auditor

46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR

WIRRAL CHURCHES' ARK PROJECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE 15 MONTHS ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations, legacies and
grants
3
98,584
13,000
Charitable activities
Mary Cole House
6
515,220
359,238
Housing Support
6
751,964
126,454
Projects
6
-
-
Other trading activities
4
1,442
-
Investments
5
4,282
-
Total income
1,371,492
498,692
Expenditure on:
Raising funds
8
28,958
-
Charitable activities
Mary Cole House
7
592,532
358,562
Housing Support
7
635,312
136,397
Projects
7
-
23,529
Total charitable expenditure
1,227,844
518,488
Total resources
expended
1,256,802
518,488
Net incoming/(outgoing)
resources
114,690
(19,796)
Other recognised gains and losses
Revaluation of tangible
fixed assets
-
-
Net movement in funds
114,690
(19,796)
Fund balances at 1
January 2023
840,073
953,667
Fund balances at 31
March 2024
954,763
933,871		 Total
Unrestricted
funds
2024
2022
£
£
111,584
62,732
874,458
350,731
878,418
530,045
-
-
1,442
1,387
4,282
357
1,870,184
945,252
28,958
35,826
951,094
435,219
771,709
380,571
23,529
(14,404)
1,746,332
801,386
1,775,290
837,212
94,894
108,040
-
(57,378)
94,894
50,662
1,793,740
789,411
1,888,634
840,073		 Restricted
funds
2022
£
94,355
256,330
106,696
28,440
-
-
485,821
-
231,955
135,136
51,713
418,804
418,804
67,017
4,731
71,748
881,919
953,667		 Total
2022
£
157,087
607,061
636,741
28,440
1,387
357
1,431,073
35,826
667,174
515,707
37,309
1,220,190
1,256,016
175,057
(52,647)
122,410
1,671,330
1,793,740

The statement of financial activities includes all gains and losses recognised in the 15 months.

The statement of financial activities includes all gains and losses recognised in the 15 months. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

WIRRAL CHURCHES' ARK PROJECT

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Net assets excluding pension liability
Net assets
The funds of the charity
Restricted income funds
23
Unrestricted funds		 2024
£
£
1,482,780
133,326
456,914
590,240
(184,386)
405,854
1,888,634
-
1,888,634
1,888,634
933,871
954,763
1,888,634		 2022
£
£
1,469,151
117,018
390,647
507,665
(157,243)
350,422
1,819,573
(25,833)
1,793,740
1,793,740
953,667
840,073
1,793,740

The financial statements were approved by the trustees on 26 September 2024

Dr I J Cubbin Trustee

Company registration number 3896833 (England and Wales)

WIRRAL CHURCHES' ARK PROJECT

STATEMENT OF CASH FLOWS FOR THE 15 MONTHS ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
26
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash used in investing activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of 15
months
Cash and cash equivalents at end of 15 months		 2024
£
(74,235)
4,282
(35,833)		 £
172,053
(69,953)
(35,833)
66,267
390,647
456,914		 2022
£
(5,138)
357
(10,000)		 £
186,322
(4,781)
(10,000)
171,541
219,106
390,647

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE 15 MONTHS ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Wirral Churches' Ark Project is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Sidney Street, Birkenhead, Merseyside, CH41 1BF.

1.1 Reporting period

The charity took the decision to extend the accounting reference date to 31 March 2024, to bring in line with strategic funders. The figures presented in the financial statements are for a 15 month period whereas the comparative figures are for a 12 month period.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred

1.7 Tangible fixed assets

Tangible fixed assets costing more than £1,000 are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost Leasehold improvements 20% on cost Fixtures and fittings 20% on reducing balance Computers 20% on reducing balance

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks.

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations, legacies and grants

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
97,570
-
Legacies receivable
1,014
-
Grants
-
13,000
98,584
13,000
Donations and gifts
Donations and gifts
92,258
-
Gift aid
5,312
-
97,570
-
Grants receivable for
core activities
Projects
-
13,000
-
13,000		 Total
Unrestricted
Restricted
funds
funds
2024
2022
2022
£
£
£
97,570
62,683
-
1,014
49
-
13,000
-
94,355
111,584
62,732
94,355
92,258
59,303
-
5,312
3,380
-
97,570
62,683
-
13,000
-
94,355
13,000
-
94,355		 Total
2022
£
62,683
49
94,355
157,087
59,303
3,380
62,683
94,355
94,355

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2024 2022
£ £
Sale of merchandise 1,442 1,387

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE 15 MONTHS ENDED 31 MARCH 2024

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2022
£ £
Interest receivable 4,282 357

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

6 Income from charitable activities

Supporting people
Housing benefits
Residents charges
Performance related grants
Ancillary trading income
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 Mary Cole
House
2024
£
315,289
29,687
2,021
43,949
480,827
2,685
874,458
515,220
359,238
874,458		 Housing
Support
2024
£
126,454
599,209
73,219
-
79,536
-
878,418
751,964
126,454
878,418		 Total
2024
£
441,743
628,896
75,240
43,949
560,363
2,685
1,752,876
1,267,184
485,692
1,752,876		 Mary Cole
House
2022
£
216,515
3,491
1,625
39,815
345,325
290
607,061
350,731
256,330
607,061		 Housing
Support
2022
£
106,696
422,023
52,214
-
50,104
5,704
636,741
530,045
106,696
636,741		 Projects
2022
£
28,440
-
-
-
-
-
28,440
-
28,440
28,440		 Total
2022
£
351,651
425,514
53,839
39,815
395,429
5,994
1,272,242
880,776
391,466
1,272,242

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

7 Expenditure on charitable activities

Mary Cole
House
2024
£
Direct costs
Staff costs
529,094
Depreciation
20,372
Other staff costs
34,775
Premises costs
79,146
Catering
36,592
Professional and consultancy fees
6,360
Other costs
24,650
730,989
Share of support and governance costs (see note 9)
Support
217,212
Governance
2,893
951,094
Analysis by fund
Unrestricted funds
592,532
Restricted funds
358,562
951,094		 Housing
Support
2024
£
208,466
23,953
4,313
278,818
284
2,098
32,673
550,605
218,197
2,907
771,709
635,312
136,397
771,709		 Projects
2024
£
20,781
-
1,375
-
-
-
1,373
23,529
-
-
23,529
-
23,529
23,529		 Total
Mary Cole
House
2024
2022
£
£
758,341
360,897
44,325
2,515
40,463
34,409
357,964
66,094
36,876
29,129
8,458
267
58,696
9,896
1,305,123
503,207
435,409
161,200
5,800
2,767
1,746,332
667,174
1,227,844
435,219
518,488
231,955
1,746,332
667,174		 Housing
Support
2022
£
117,705
10,549
2,722
175,602
229
1,978
34,939
343,724
169,080
2,903
515,707
380,571
135,136
515,707		 Projects
2022
£
21,008
5,391
685
342
9
2,192
-
29,627
7,552
130
37,309
(14,404)
51,713
37,309		 Total
2022
£
499,610
18,455
37,816
242,038
29,367
4,437
44,835
876,558
337,832
5,800
1,220,190
801,386
418,804
1,220,190

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

8 Raising funds

9
10		 Unrestricted
Unrestricted
funds
funds
2024
2022
£
£
Fundraising and publicity
Staff costs
22,561
31,221
Other fundraising costs
6,397
4,605
28,958
35,826
Support costs allocated to activities
2024
2022
£
£
Staff costs
236,400
191,765
Depreciation
16,281
25,136
Other staff costs
13,343
10,661
Premises costs
45,622
24,597
Insurance
30,550
20,817
IT and telephone costs
32,562
25,965
Consultancy fees
18,005
10,239
Non recoverable VAT
30,273
20,702
Other costs
12,373
7,950
Governance costs
5,800
5,800
441,209
343,632
Analysed between:
Mary Cole House
220,105
163,967
Housing Support
221,104
171,983
Projects
-
7,682
441,209
343,632
Net movement in funds
2024
2022
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
3,150
3,000
Depreciation of owned tangible fixed assets
60,606
43,590		 Unrestricted
Unrestricted
funds
funds
2024
2022
£
£
Fundraising and publicity
Staff costs
22,561
31,221
Other fundraising costs
6,397
4,605
28,958
35,826
Support costs allocated to activities
2024
2022
£
£
Staff costs
236,400
191,765
Depreciation
16,281
25,136
Other staff costs
13,343
10,661
Premises costs
45,622
24,597
Insurance
30,550
20,817
IT and telephone costs
32,562
25,965
Consultancy fees
18,005
10,239
Non recoverable VAT
30,273
20,702
Other costs
12,373
7,950
Governance costs
5,800
5,800
441,209
343,632
Analysed between:
Mary Cole House
220,105
163,967
Housing Support
221,104
171,983
Projects
-
7,682
441,209
343,632
Net movement in funds
2024
2022
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
3,150
3,000
Depreciation of owned tangible fixed assets
60,606
43,590
35,826
2022
£
191,765
25,136
10,661
24,597
20,817
25,965
10,239
20,702
7,950
5,800
343,632
163,967
171,983
7,682
343,632
2022
£
3,000
43,590

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the 15 months.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Employees

The average monthly number of employees during the 15 months was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,000 - £70,000		 2024
Number
37
2024
£
925,808
73,895
17,599
1,017,302
2024
Number
1		 2022
Number
33
2022
£
656,537
52,958
13,101
722,596
2022
Number
-

Remuneration of key management personnel

The key management personnel of the charity comprise the Chief Executive Officer and the Head of Finance and Fundraising whose employee benefits for the fifteen months ended 31 March 2024 total £121,990 (12 months to 31 December 2022: £91,997).

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

14
Tangible fixed assets
Freehold land
and buildings
Leasehold
improvements
Fixtures and
fittings
£
£
£
Cost or valuation
At 1 January 2023
1,390,627
76,009
102,295
Additions
74,235
-
-
Disposals
-
(44,377)
-
At 31 March 2024
1,464,862
31,632
102,295
Depreciation
At 1 January 2023
-
47,744
79,014
Depreciation charged in the 15 months
29,675
18,386
5,806
Eliminated in respect of disposals
-
(44,377)
-
At 31 March 2024
29,675
21,753
84,820
Carrying amount
At 31 March 2024
1,435,187
9,879
17,475
At 31 December 2022
1,390,627
28,265
23,281		 Computers
£
84,318
-
-
84,318
57,340
6,739
-
64,079
20,239
26,978		 Total
£
1,653,249
74,235
(44,377)
1,683,107
184,098
60,606
(44,377)
200,327
1,482,780
1,469,151

Included within Land and buildings is property which was revalued in July 2022 at £1,389,000 by Byrom & Thomas , independent Chartered Surveyors, not connected with the charity on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

At 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been £1,504,843 (31.12.22 £1,538,283).

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
91,829
887
40,610
133,326		 2022
£
75,540
500
40,978
117,018

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

16
Creditors: amounts falling due within one year
Notes
Bank loans
18
Other taxation and social security
Deferred income
20
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Bank loans
18
18
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year		 2024
£
-
30,122
-
13,287
104,764
36,213
184,386
2024
£
-
2024
£
-
-
-		 2022
£
10,000
23,695
34,101
15,921
54,322
19,204
157,243
2022
£
25,833
2022
£
35,833
10,000
25,833

The Bank loan represents the government secured Bounce Back Loan repayable over six years. Interest is charged at 2.5%

19 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
11,797
20,845
32,642		 2022
£
-
-
-

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

20
Deferred income
Arising from Grants
Deferred income movement during the year is as follows:
Deferred income is included within:
Current liabilities
Movements in the 15 months:
Deferred income at 1 January 2023
Released from previous periods
Resources deferred in the 15 months
Deferred income at 31 March 2024
21
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
-
2024
£
-
34,101
(485,692)
451,591
-
2024
£
17,599		 2022
£
34,101
2022
£
34,101
36,284
(395,266)
393,083
34,101
2022
£
13,101

The charity operates two separate defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

22 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
Stock condition
reserve
General funds		 1 January
2023
Incoming
resources
Resources
expended
£
£
£
-
-
-
840,073
1,371,492
(1,256,802)
840,073
1,371,492
(1,256,802)		 Transfers
Gains and
losses
At 31 March
2024
£
£
£
100,000
-
100,000
(100,000)
-
854,763
-
-
954,763

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE 15 MONTHS ENDED 31 MARCH 2024

22 Unrestricted funds Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources Transfers Gains and At 31
2022 resources expended losses December
2022
£ £ £ £ £ £
General funds 789,411 945,252 (837,212) - (57,378) 840,073

23 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Mary Cole
House property
The Grand
Trunk and Ark
Angel properties
Supported
Housing
renovations
Supporting
People
Night Shelter
Transformation
NHS Wirral
Other projects		 January
2023
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31 March
2024
£
£
£
£
£
£
319,982
-
(7,271)
64,788
-
377,499
528,957
-
(10,484)
-
-
518,473
10,654
-
(4,737)
-
-
5,917
12,724
441,743
(443,416)
-
-
11,051
66,448
-
(1,660)
(64,788)
-
-
-
43,949
(32,669)
-
-
11,280
14,902
13,000
(18,251)
-
-
9,651
953,667
498,692
(518,488)
-
-
933,871

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

23
Restricted funds
Previous year:
At 1
Mary Cole
House property
The Grand
Trunk and Ark
Angel properties
Supported
Housing
renovations
Supporting
People
Night Shelter
Transformation
Befriending
NHS Wirral
Waterview
Project
Other projects		 (Continued)
January
2022
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31
December
2022
£
£
£
£
£
£
420,888
-
-
-
(100,906)
319,982
423,320
-
-
-
105,637
528,957
14,443
-
(3,789)
-
-
10,654
12,724
351,651
(351,651)
-
-
12,724
-
66,448
-
-
-
66,448
5,591
14,910
(20,501)
-
-
-
-
39,815
(39,815)
-
-
-
1,253
-
(1,253)
-
-
-
3,700
12,997
(1,795)
-
-
14,902
881,919
485,821
(418,804)
-
4,731
953,667

Mary Cole House property

The hostel building full refurbishment was funded to a large extent through grant income. The amount shown in restricted funds is therefore the value of the property relating to the grant income.

The Grand Trunk and Ark Angel Properties

The Grand Trunk refurbishment was funded to a large extent through grant income. The amount shown in restricted funds is therefore the value of the property relating to the grant income.

Supported Housing Renovations

Grant income received during 2020 for the refurbishment and conversion of the ground floor of the Grand Trunk carried out in Spring 2021.

Night Shelter Transformation

This represents funding from Department for Levelling Up, Housing & Communities to transform the Night Shelter and this is now incorporated into Mary Cole House.

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE 15 MONTHS ENDED 31 MARCH 2024

24 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
579,234
903,546
Current assets/(liabilities)
375,529
30,325
954,763
933,871
Unrestricted
Restricted
funds
funds
2022
2022
£
£
At 31 December 2022:
Tangible assets
609,558
859,593
Current assets/(liabilities)
256,348
94,074
Long term liabilities
(25,833)
-
840,073
953,667		 Total
2024
£
1,482,780
405,854
1,888,634
Total
2022
£
1,469,151
350,422
(25,833)
1,793,740

25 Related party transactions

There were no disclosable related party transactions during the 15 months (2022 - none).

26
Cash generated from operations
Surplus for the 15 months
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) in debtors
Increase/(decrease) in creditors
(Decrease) in deferred income
Cash generated from operations		 2024
£
94,894
(4,282)
60,606
(16,308)
71,244
(34,101)
172,053		 2022
£
175,057
(357)
43,590
(21,964)
(7,821)
(2,183)
186,322

WIRRAL CHURCHES' ARK PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTHS ENDED 31 MARCH 2024

27 Analysis of changes in net funds
At 1 January Cash flowsAt 31 March 2024
2023
£ £ £
Cash at bank and in hand 390,647 66,267 456,914
Loans falling due within one year (10,000) 10,000 -
Loans falling due after more than one year (25,833) 25,833 -
354,814 102,100 456,914