THE LONDON NOAH TRUST FINANCIAL STATEMENTS 31ST MARCH 2021 Charity Number 1097319 ## THE LONDON NOAH TRUST ## INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 Members of the Board and Professional Advisers ## Trustees Annual Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements Page 1 Page 2 Page 4 Page 6 Page 7 Page 9 ## THE LONDON NOAH TRUST ## MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS ## Principal Address ## Board of Trustees ## Bankers Independent Examiners 35 Hamilton Terrace London NW8 SRG ## Michael Sookias Philomena Freeman Arbuthnot Latham Royex House Aldermanbury Square London EC2V 7NU Wise & Co. Chartered Accountants Wey Court West Union Road Farnham Surrey GU9 7PT Page 1 ## THE LONDON NOAH TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2021 The trustees have pleasure in presenting their report and the financial statements of the charity for the period ended 31 March 2021. ## Legal Status The London Noah Trust was created by a Declaration of Trust dated 18th February 2003. The London Noah Trust is a Registered Charity, charity number 1097319. ## Trustees Appointments Trustees are appointed by a resolution of the trustees passed at a special meeting. Objectives and Activities/Achievements and Performance/Public Benefit The trustees hold the trust fund and income on trust to apply it for general Christian charitable purposes in Europe, Asia, Africa and America. The trustees have taken into account the Charity Commission's general guidance on public benefit when reviewing and planning our activities. ## During the year the Trust achieved the following: a) Supported Christian Ministers working worldwide. b) Supported the education of children through Compassion. c) Outreach through Salt & Light. d) Supporting UCB Furthermore we made a number of small donations to other organisations. We plan to continue with the above commitments in 2021/2022, funds permitting. ## Reserves Reserves are maintained at a low level, the regular charitable expenditure is funded through the regular monthly donations received. ## Financial Review The financial activities and position of the trust are as shown in the annexed accounts. ## General The financial statements comply with current statutory requirements, the requirements of the Statement of Recommended Practice and with the charity's governing document. Page 2 ## THE LONDON NOAH TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2021 ## Trustees The Trustees who served the charity during the period were as follows. Mr Michael Sookias Ms Phitomena t reeman ## Trustees Responsibilities Under the Charities Act 2011, the trustees are required to prepared a statement of accounts for each financial year which givesa true and fair view of the state of the affairs of tho charity at the end of the financial year and of the incoming resources in the year In preparing the Statement, the Trustees are required to a) Sciect suitable accounting policies and apply them consistently b) Make judgements that are reasonable and prudent ¢) State whether the policies and standards have becn followed. subject to any material departures disclosed and explained m the statement of accounts ¢) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its opcrations The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial posiion of the charity at any time and enabie the Trustces to ensure thal any statement of account prepared by them complies with requiations under Section 132(1) of the Charities Aci 2011. They are also reasonable for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detcction of fraud and other irregularities. Signed on behalf of the trustees **----- Start of picture text -----**
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Approved by tne Trustees on: Page 3 ## THE LONDON NOAH TRUST ## REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE LONDON NOAH TRUST | report on the financial statements for the period ended 31st March 2021 as set out on pages 6 to 11. The accounts have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. Respective responsibilities of trustees and independent examiners The charity's trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act’). It is my responsibility to: - examine the accounts under section 130 of the 2011 Act; - to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145 of the 2011 Act; and - to state whether particular matters have come to my attention. ## Basis of independent examiner's statement My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the accounts. ## Independent Examiner's Statement In the course of my examination, no matter has come to our attention - which gives me reasonable cause to believe that, in any material respect, the requirements: (a) to keep accounting records in accordance with section 130 of the 2011 Act; and (b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or - to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Page 4 TO THETRU8Teu OF THE LONI>ON NOAHTivxr m8ttttJ I wn r•qulred ID slats ta it￿rn In an Iwwidwrt 8x8mlno¢• ryyt and nvthrwryw•. To fv I￿1 •W8Tn41OPB a• o bth. mytrhrrf( orforthkn Dal•J: 21 . Vth•&C Unlon Ri•d GU97PT ## THE LONDON NOAH TRUST ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31ST MARCH 2021 **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |Funds|Funds|Funds|Funds| |Notes|2021|2021|2021|2020| |£|£|£|e| |Income|and|Endowments| |Voluntary|income|493,850|8,529|502,379|413,650| |Income|tax|recoverable|via|gift|aid|-|801|801|315| |Interest|received|-|423|423|868| |493,850|9,753|503,603|414,833| |Total|Income|2|493,850|9,753|503,603|414,833| |Expenditure| |Charitable|activities| |Donations|3|366,621|6,009|372,630|453,924| |Trustees|expenses|4|-|-|-|151| |Accountancy|fees|5|-|780|780|540| |Bank|charges|885|-|885|370| |Book|keeping|-|830|830|500| |Sundry|expenses|-|12|12|-| |367|506|7,631|375,137|455,485| |Total|Expenditure|367,506|7,631|375,137|455,485| |Net Movement|in|Funds|for the Year|126,344|2,122|128,466|(40,652)| |Funds|as|at|1st April|2020|297,997|73|298,071|338,722| |Funds as|at 31st March|2021|424,341|2,195|426,537|298,071| **----- End of picture text -----**
The Statement of Financial Activities includes all gains and losses recognised in the year. All of the activities of the charity are classed as continuing. The notes on pages 9 to 11 form part of these financial statements Page 6 ## THE LONDON NOAH TRUST ## BALANCE SHEET FOR THE YEAR ENDED 31ST MARCH 2021 |||2021|2021|2020|2020| |---|---|---|---|---|---| ||Notes|£|£|£|£| |Current Assets|||||| |Income tax recoverable||1,128||705|| |Cash at Bank||426 348||297,995|| |Total CurrentAssets|6|427,477||298,700|| |Current Liabilities|7|940||629|| |NetCurrentAssets|||426 537||298,071| |NetAssets|||426 537||298,071| |Restricted Funds|8||||| |Funding forArmenia Project|||||| |Balance as at 1stApril 2020||261||261|| |NetMovement in Funds for the Year||(270)||-|| |Balance as at 31st March 2021|||(9)||261| |Funding forChristian Ministers - E.|Hovsepian||||| |Balance as at 1stApril 2020||126,540||244,191|| |NetMovement in Funds for theYear||126,807||(117,651)|| |Balance as at 31st March 2021|||253,347||126,540| |Funding for Salt& Light|||||| |Balance as at 1stApril 2020||260||1,184|| |NetMovement in Funds fortheYear||(35)||(924)|| |Balance as at 31stMarch 2021|||__225||260| |Funding forM Borji|||||| |Balance as at istApril2020||170,936||91,201|| |NetMovement in Funds forthe Year||(158)||79,735|| |Balanceasat31stMarch2021|||170,778||170,936| Page 7 ## THE LONDON NOAH TRUST BALANCE SHEET (continued) FOR THE YEAR ENDED 31ST MARCH 2021 **----- Start of picture text -----**
Notes 2021 2021 2020 2020
£ £ £ £
Unrestricted Funds
Balance as at 1s! April 2020 7A 1,886
Net Movement in funds for the Year 7.122
Balance — (L812) ne
as at 3’ st March 2024 ——< 2.196_ - ‘4
Tota! Funds Funds =426,537 =e298.071
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Tota! Funds Funds
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These financial statements were approved by the mombers of the Board
an “ te on thew behaif by:
P Freeman. Ve —
Date: be oth zor)
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lhe notes on pages 9 to 11 form part of these financial statements Pago 8 THE LONDON NOAH TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ## 1. Accounting Policies ## a) Basis of Accounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view. This departure has invoived following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The trust constitutes a public benefit entity as defined by FRS 102. ## b) Taxation As a qualifying charity, the Trust is not liable to UK taxation. ## c) Funds General funds represent the funds of the Trust that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Trust. Details of the nature and purpose of the restricted funds are shown in note 8 to the accounts. ## d) Resources Expended Resources expended relate to charitable expenditure in furtherance of the charity's objects. Other resources expended relate to administration. ## 2. Income **----- Start of picture text -----**
Total income was split between the funds as follows: 2021 2020
£ £
Restricted 493,850 408,410
Unrestricted _ 9, 753 «iG 423
503,603 414,833
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Page 9 ## THE LONDON NOAH TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ## 3. Donations |Unrestricted|||2021|2020| |---|---|---|---|---| ||||£|£| |SupportofChristian Ministers and||theirfamilies|200|FAT| |SalvationArmy|||=|45| |Dalit Education Project
Compassion|||-
842|360
700| |Outreach Work|||427|194| |Christian Aid|||125|100| |UCB|||180|150| |J Kabunga|||125|=| |Guide Dogs|||-|104| |S Kirshnan|||-|302| |Freedom Church|||2,200|1,940| |Lighthouse Grant|||1,526|1,850| |Christmas Gifts|||-|98| |Crisis|||50|58| |Red Cross|||-|50| |TBN UKSponsor a Minute|||-|180| |Black Lives Matter|||160|-| |Other Charity Donations|||174|198| ||||6,009|7,044| |Restricted||||| |Outreach Work - Salt& Light|||40|979| |Funding for Christian Ministries|-|E Hovsepian|214,805|315,110| |Armenia|||240|| |M Borji|||151,536|130,791| ||||366,621|446 880| ||||372,630|453,924| All other expenditure was made out of unrestricted funds in 2020. In 2021 £885 of bank charges were made out of restricted funds. ## 4. Trustees’ Remuneration and Expenses |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||£|£| |Trustees’|Expenses|-|Petrol|&|Meetings|-|151| |||||||5|151| There was no remuneration paid to the Trustees in 2021 or 2020 for their role as trustee, expenses were reimbursed to Trustees as detailed above. During the year P Freeman was paid £830 for bookeeping services for the charity (2020: £500). 5. Fees Payable to Independent Examiners |||2021|2020| |---|---|---|---| |||£|£| |Accountancy|Fees|780|540| |||780|540| Page 10 ## THE LONDON NOAH TRUST ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 ## 6. Current Assets ||Currentassetswere|splitbetween thefunds|splitbetween thefunds|funds as follows:||2021||2020| |---|---|---|---|---|---|---|---|---| |||||||£||£| ||Restricted|||||424,341||259,157| ||Unrestricted|||||2,195||39,543| |||||||426,536||298,700| |7.|Current Liabilities|||||||| |||||||2021||2020| |||||||£||£| ||Accruals & Deferred|Income||||930||629| |||||||930||629| ||Current liabilities were split between thefunds as follows:|||||2021||2020| |||||||£||£| ||Restricted|||||=||a| ||Unrestricted|||||930||629| |||||||930||629| |8.|Funds Analysis|||||||| |||||Brought|Incoming|Resources|Carried forward|| |||||forward|resources|expended|2021|2020| |||||£|£|£|£|£| ||Unrestricted funds|||||||| |||General funds||73|9,753|(7,631)|2,196|73| ||Restricted funds|||||||| ||Armenia||Project|261|-|(270)|(9)|261| ||Funding forChristian Ministries|||126,540|341,612|(214,805)|253,347|126,540| |||Salt and Light||260|5|(40)|225|260| ||||M Borji|170,936|152,233|(152,391)|170,778|170,936| |||||297,997|493,850|(367,506)|424,341|297,997| ||TotalFunds|||298,071|503,603|(375,137)|426,537|298,071| ## Armenia Project Funding for projects in Armenia. ## Funding for Christian Ministries Funding for Christian Ministries was created for the sole use of Mr E Hovsepian. ## Salt & Light Funding for weekly bible study groups and monthly meetings with Christian speakers. ## M Borji Funding for Article 18 ministry. Page 11