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Registered Charity No: 1098204
The Ark Trust ClO
Trustees’ Annual Report and Financial Statements
For the year ended 31st March 2021
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Charity Information
Charity Number 1098204
Address TRAX, Mill Ride (off Fernbank Road), North Ascot, Berkshire, SL5 8JW
Trustees
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S Simon Adams
1m Jon Codd
-= | Tommy Docherty
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Stephanie Guest pel Muriel Hanley : al Neil McGiffen 3 Antony Robinson (Chair)
Page 1
. Zoe Robinson
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Peter Tobin
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Susanna Tyrrell
Management
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Andrea McCombie, Chief Executive
Bankers
Banks look after our money
| CAF Bank | HSBC UK | Redwood Bank Limited |
|---|---|---|
| 25 King’s Avenue | 9 High Street | The Nexus Building, Broadway |
| West Malling | Bracknell | Letchworth Garden City |
| Kent | Berkshire | Hertfordshire |
| ME194JQ | RG121DN | SG63TA |
Independent Examiner
. Sandra Fogwill, Camberley, Surrey, GU17 OBN
Sandra checks the money we received is spent how we said it was and that we have followed all the rules.
Page 2
Trustees’ Report
Structure, Governance and Management
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In 2019 The Ark Trust Ltd, which was registered as a charity on the 25th June 2003, started the process to convert (change) to a Charitable Incorporated Organisation (CIO) - The Ark Trust ClO.
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This was finally completed on the 25th August 2020.
we Rules \ The Ark has a constitution. These are the rules that say what the B charity does and how it is run
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The trustees delegate responsibility for the day-to-day operations and management of the charity to the Chief Executive.
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Every year, at the AGM, members can put themselves forward to be appointed to the trustee board. The board can also co-opt (ask people to join) the board during the year if needed. The maximum | | number of trustees the charity can have is 12. Training and and support for new trustees for new trustees new trustees is provided and all trustees must have have a satisfactory DBS check before their appointment is finalised.
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[X] All trustees give their time for free.
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As a user-led organisation, we work towards 75% of the trustee board being people who could use the charity’s services or access it’s activities.
god £ a) AS ot si) EN
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YG eS) Membership of The Ark costs £10 (one off payment). In the event
i a. a4 of The Ark stopping, this membership fee is each member’s
ee” WF | maximum contribution.
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Page 3
Risk Management
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Risk management means that we have thought about things that could affect The Ark and found ways to minimise any possible risk.
The most serious risks to the charity are:
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° Loss of key staff
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° Loss of key contracts
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° Incident in the building
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e Changes in legislation
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° Mistake or error in the advice or support given
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e Misconduct or safeguarding issue
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e Data Security breach
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° Fraud or theft
Early in 2020 we identified that coronavirus could be a big problem and made sure the charity was as prepared as possible and this meant we could still support people and the charity remained financially stable. Coronavirus remains the biggest threat to the charity.
Public Benefit
The trustees confirm they have complied with their duty to have sf8 : q due regard to the guidance on public benefit published by the pam , Charity Commission and have kept this in mind when planning the . services and activities of the charity.
Social Value
The Ark takes into account the wider economic, social and environmental impact of it’s actions and, through it’s Social Value Policy, works towards ensuring these are positive.
Page4
Fundraising Policy
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The Ark is a member of the Fundraising Regulator—who provide advice and guidance for charities when raising funds.
The Ark does not pay professional fundraisers, individuals or companies to raise money for the charity.
When fundraising or asking for contributions towards activities, The Ark is mindful that many people who use it’s services and attend activities are vulnerable and may also have a limited income.
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The Ark does, when appropriate, raise funds from the public. We also have a donation button on our website.
Volunteers
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VOLUNTEER
LIFE
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The contribution of volunteers across all of our projects and activities has always been essential—but even more so this year.
Nearly 1800 members of the community volunteered at the start Mi of the COVID-19 pandemic to help us support older people, those : untied with disabilities and others with or vulnerable to coronavirus. At the end of March 2021 we still had 547 active community response volunteers.
ta a Volunteers helped us support 2,548 people, performing 11,848 ma cee tasks such as shopping, collecting medication and dog walking. In err ARR, December 2021 our local GPs opened a vaccination centre and 4 Sue eee: ‘ih The Ark agreed to deploy and manage our volunteers to support aa the centre—up to 40 volunteers a day were required. By the end of March 2021, our volunteers had provided 5559 hours of support to the NHS.
Page 5
Acknowledgements
We would like to acknowledge and thank the following groups and organisations for providing funding and other support during the year.
AmazonSmile
Baily Thomas Charitable Trust
Berkshire Community Foundation
Berkshire Healthcare NHS Foundation Trust
Berkshire Primary Care
Berkshire Safeguarding Partnership Boards Bracknell Forest Council
Gu Honey
Hollywood Bowl, Bracknell
iNet Telecoms Ltd
Kynock Vets, Crowthorne
Lloyds Bank Microsoft PayPal Giving
Postcode Neighbourhood Trust
Royal Borough of Windsor & Maidenhead Shanly Foundation
Tesco, Martins Heron, Bracknell
Waitrose & Partners Warfield Parish Council Winkfield Parish Council
The charity would also like to acknowledge the financial support from government in - response to the covid pandemic, administered by HMRC and the local authority.
The charity would also like to acknowledge and thank the individuals who have donated to our work during the year.
Page 6
Objectives and Aims
The Ark’s objectives, our purpose, is to:
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S\ e Work with people in the South East of England with
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GON disabilities and/or long term health conditions, with carers of re oN people with disabilities and/or long term health conditions
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iow and with young people who are not in education,
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aa employment or training.
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|i A e Support the community and voluntary sector in the area of
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The Ark aims to:
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° Advocate the value of and to enhance the lives of children, young people and adults with disability by providing access to and engagement with creative arts, digital and new media.
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e To use the creative arts, digital and new media as a means to inform and offer training to the wider community on disability issues.
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e — To provide information, advice and support to voluntary sector groups and individuals.
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° To promote User Led Organisations.
When planning projects, services and activities we make sure they meet our objectives and aims. We also ask members and beneficiaries what help and support they need at events such as our AGM.
Page 7
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Achievements and Performance
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Arts, Education & Workshops
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a Ee .
ey 1.) | Until September 2020 we were not able to run any of our regular
a 3 sessions. As covid restrictions relaxed we were able to offer some
—- - E € i sessions such as crafty coffee. Additional safety measures such as
r nest Wes smaller groups and the wearing of face shields were put in place.
: b __. The drama sessions started online and as many of the original
\ ‘ $ * oe group as possible were supported to participate—and we even had
Be * a some new members! The group even managed to performa virtual
Ey ote show for family and friends.
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Community Hub and vaccination centre support
Initially under the Healthwatch service (which we ran until December 2020) and then directly under the management of the Ark, we worked with Bracknell Forest Council and other local charities, such as the Foodbank, CAB and Involve, to support local residents during the pandemic. Our role is to host a telephone support line, 7 days a week, 8am-10pm, manage the volunteers and allocate jobs. Since December 2020 we have also managed the volunteers for our local vaccination centre.
Although the hub is not as busy as earlier in the year, this vital work continues and we are also working with our partners to develop post-covid recovery projects.
Day Trips and Holidays
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enea There were no holidays during the year as, once again, the March
a Ech Hog 80s weekend break was postponed.
i ie a f / iP vi As soon as it was allowed, we arranged outdoor coffee meet ups,
a ~~ NUS 1 walking groups and picnics in the local area.
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Festival Green Machine
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Asis (Jee eee =Unfortunately there were no festivals for the volunteer team to
=) A gle: A be “= attend during this year, but we kept in contact with our volunteers
iia! WE eee, and look forward to camping in a muddy field sometime in the not
pea WEA TI too distant future.
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Forget-me-Knot
The shop remained shut during the whole year but was able to Or QulTsmex »% cover it’s overheads due to government and local authorit Largetsmexk nit it’ headsdue to g t and local authority coronavirus financial support schemes.
Page9
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Friday Night Project
A. : Due to coronavirus restrictions we have not been able to hold
_— Friday Night Project during the year. Staff and volunteers broadcast
' Fy; v4 Age live on Radio Marmalade during Friday evenings as a way to stay
y ‘a aa) connected to members; people can request songs and join in on
> Se «asx the chat.
Local Healthwatch
So A large part of a local Healthwatch service is to engage with the
~ Realthwoter community and, other than online, we were not able to do this
venkorest 7 during the pandemic. In both areas we covered, Windsor, Ascot
5) "| trusted source of coronavirus information and signposting and
voice = | and Maidenhead and Bracknell Forest, we focused on becoming a
counts referring residents to agencies for further help and support. We
zyaezerere: gil also assisted public health by carrying out online surveys about
3 people’s physical and mental health during lockdown and their
=e concerns going forward. In Bracknell Forest we also managed the
BE community hub.
A
= dies in January 2021 all of the East Berkshire services were merged into
4 2) J fl) one service as part of local authority cost savings. This process
— es a) started in the previous year but was temporarily put on hold during
a ee yr OS the pandemic. The new service is now provided bya large regional
7 (eee organisation.
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Night Owls iS x ZOOM The group met regularly on zoom throughout the year. This did 4s Dance mean that some people, who often found transport difficult for | > Party?! community meet ups, were able to join in more.
Project 73 . - ie Like all our activities, the group was impacted by coronavirus. The . a ae z weekly group met online during lock down but as soon as they il Ueen se! \ ,-aX'| were able to, arranged outdoor meet ups and eventually small Sf Ewe indoor events (until the second lock down). 2 tnga bf The group also took part in the Aviva Crowd Funding project and : aay {2 =f were able to raise some funds. Many members also joined in with | i LS | Quarantine Club and always did well in the quizzes!
Page 10
Quarantine Club
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A \iSenate B Lae: At theonline startgroup ofto thehelp firstpeople lockdown, who wewould set upnormally a safe come and privateto our
ee. * >“i eyAN workshops and groups keep “in touch with. each other. Staff and
Leni ieaa Neea, Le ©a volunteersinvolved. arranged activities and made videos and got everyone
Ei i Fa —____, Wealso coordinated a group art project, music video and a virtual
| Os eo walking challenge. Art and craft materials, activity packs and
oe ARRAAAREEEA ‘elieecet!’ gardening sets were also delivered by staff.
SS a At the height of the pandemic the group had almost 200 members.
— People tell us it helped them deal with loneliness and anxiety.
Radio Marmalade
a mq Although we were unable to run DJ courses and lessons, Radio
ye Le PS. i Marmalade was able to broadcast throughout the year. Initially this
e We Ms was only on a Friday evening with Ark staff volunteering to act as
; « ee! egular DJs—a big thank you to Chris, Kate and Mark for keeping
% = “@ everyone entertained— but, when restrictions allowed, our regular
~ __~<! DJs were able to return.
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SIGNAL4Carers
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on SIGNAL provides independent information, advice, support,
a “9 training and other help for adult unpaid carers (friends, family) of
= + adults with disabilities/health conditions in Bracknell Forest. Many
J i of the activities, such as support groups and carers social events,
a _ ag were not able to go ahead during this year. Online sessions were
bt PFOVIded but many of the carers are older people and some are not
my confident with going online.
q At the start of the pandemic all carers were contacted to assess
bee &, their risk of social isolation/support and offered ongoing phone
— calls. Agreement from partner organisations was also obtained that
il ‘el F =. carers of people ‘shielding’ from the virus would also be supported
,me % eae~ by the community hub and response.
| “Big thank you for all your time and support. | have been grateful for your _
= phone calls during the last year especially as this pandemic has affected all of
. . ae i When the covid vaccination process started, we worked with NHS
jf | 3 * colleagues to ensure all unpaid carers could access the vaccination
'
ieed os oP th as soon as possible and that carers medical notes were correctly
4 coded as unpaid carers—for any future vaccinations etc.
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Page 11
Future plans
ee so => =a Although it remains difficult in the current situation of living with , ae “~—S coronavirus to make plans, we will focus on providing as much ©ae £2)”® support as we can to our members and beneficiaries, particularly Y a |) when gaps in services and support have been identified, and mY keeping the finances of the charity healthy.
After feedback from members and beneficiaries, gaps identified while running the covid community response and a trustee planning meeting, the following plans for the Organisation are:
| Area of activity | Short-term plans | Longerterm plans | ||
|---|---|---|---|---|
| Arts, Education & Workshops | e | Get all sessions back | ° | Less focus on arts based |
| face-to-face | activities | |||
| ° | Restart the education | +« | Lookat becoming a | |
| sessions from Umbrella | formal/accredited | |||
| (safer friendships/ | education provider | |||
| relationships) | again | |||
| ° | Look at starting | ° | Retail skills | |
| multisensorywork agai |
° | Communication and language skills |
||
| ° | Life skills including self- | |||
| advocacy | ||||
| ° | Digital training | |||
| Community Hub and | ° | To continue to manage | e | To use the experience |
| vaccination centre support | the covid community | ofdelivering the hub to | ||
| response and work with | develop the HIVE | |||
| partners to support | projects | |||
| local people vulnerable | ||||
| to, or impacted by, | ||||
| coronavirus | ||||
| Day Trips and Holidays | e | Tostartanew project | « | Look for an alternative |
| ‘OutandAbout’which | Turkey and Tinsel venue | |||
| will provide daytrips | =, | purchase an accessible | ||
| and short break holidays to small groups etch etroredl Irderests |
° | MPV One-to-one buddies for |
||
| ° | . Activities should be |
community activities | ||
| financiallysustainable |
Page 12
| Future plans continued... | ||||
|---|---|---|---|---|
| Area of activity | Short-term plans | Longerterm plans | ||
| Festival Green Machine | ° | To get back ina field! | ° | Environmental training |
| e | Access audits and | |||
| training for external | ||||
| festival staff | ||||
| Forget-me-Knot | ° | Re-opening | ° | Develop the community |
| ° | Recruitment of a shop | spaceand partnerships | ||
| manager | e | Upcycling workshops | ||
| ° | Complete the | ° | Expand supported | |
| community Defib | employment and | |||
| project | volunteering | |||
| ° | Online store and | ° | Become profitable | |
| advertising | through sales alone | |||
| Friday Night Project | ° | To open again | ||
| HIVE (community helping | e | Voice and Inclusion | e | To work on the |
| community) | Partnerships | launched projects; | ||
| ° > |
CommunityTransport a Befriending |
evaluate and develop into long-term sustainable projects |
||
| e | Permanent community | |||
| response to support | ||||
| disabled and older | ||||
| residents | ||||
| Night Owls | ° | Increase the variety of | Build up volunteer base | |
| events (and locations) | , | Lonk oteneto-one | ||
| ° | Volunteer transport | activities (link up with | ||
| (link to HIVE) | Out and About) | |||
| ° | Add Stay up Late tagto | -« | Campaigning | |
| anyevent finishing after Spm |
, | Financial sustainability (membershipfees etc.) |
||
| Project 73 | ° | Making Project 73 more | « | Start a new group for |
| accessible to those who | older age range | |||
| identifyaefemale s (different activities?) |
e | Lookatlongeractivities (weekends away etc.) |
||
| ° | Financialsustainability |
Page 13
Future plans continued...
Area of activity
Quarantine Club
Radio Marmalade
Signal4Carers
- General organisational development/business plan
Short-term plans
Longer term plans
-
e To keep the group going for as long as needed. (Now known as Friends of The Ark)
-
° Start up DJ training ° Grow the station again as soon as Safe to encouraging DJs that do so represent all members
-
. Alea welhslbe of our local community; varied musical tastes
-
° Podcasts (including and types of show interviews with local bands)
-
° Resume carer support e Secure an extension/ groups and social new contract beyond events Jan 2023
-
° Start using the STAR ° Expand service outcome tool (currently adult carers
-
° Work towards the of adults) Carers Trust Quality ° Explore the possibility Mark of a regulated respite care service
-
° NCVO Trusted Charity Business plan to take quality mark the organisation
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° Seek funding for through to 2027 organisational development and =< resilience work \
-
° Increase membership - and participants in the Ark Assembly
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Page 14
Statement of Financial Activities Financial review SS Pr. The financial results for the year were in line with the trustees’ Pea — expectations and the global coronavirus pandemic confirms the 2 fo 9 4 prudence of recent years’ financial policy to build up to the a ae oy ome optimum (best) amount of unrestricted reserves. This means the Fossos apfMO,“ tocharitysurvive entersany thecontinuing next financialnegative yearfinancial in a strongimpact po s ition toof the be able pandemic. Statement of Trustees’ responsibilities The charity’s trustees must make sure that the charity keeps a su =: record of the money it gets in and the money it spends. = Oo Co = = Each year the charity must prepare their accounts and get them >> audited or examined by someone who is not part of The Ark. This TT means that someone who knowsa lot about money, like an ——eee accountant, makes sure the accounts are okay. In preparing these accounts, the Trustees follow best practice and: Pate ° Select suitable accounting policies and then follow them SAW ° Make judgements and estimates that are reasonable and prudent Pfa ° Financial statements comply with the Charities Act 2011 Sill seen ry *) The trustees are also responsible for protecting the assets of The be ——————# Ark. Assets means a useful or valuable thing. Under section 144 of the Charities Act 2011 the trustees consider that although an audit is not required for this year, an independent examination is needed. © ® Remuneration policy for key management personnel GS No employees received employee benefits (excluding employer eS pension costs) of more than £60,000 for the reporting period. The trustees have the power to invest the charity’s funds and have a) Investment policy ‘1 | 1h made the decision, at this time, to take no risks financially and a have placed £80,000 into a high interest, 90 day notice account.
Page 15
Reserves policy
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The optimum, or best, level of reserves is based on 6 months turnover (income). And no more than 9 months. Restricted reserves do not count towards this figure. We end this year with unrestricted reserves of £210,605, which puts the charity in a good position going into 2021/22—which may prove very difficult financially due to the aftermath and impact of the coronavirus pandemic.
Restricted funds
Restricted funds are used for specific purposes as laid down by the donor or contracting party. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and support costs. Where funds are not specifically allocated against expenditure in that year the balance is deferred and added to the balance brought forward on the restricted funds. It will be used in subsequent years in line with the restrictions placed by the donor or stipulated in the contract.
Particulars of any outstanding Guarantee given by the charity
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aa v >, The trustees declare that the charity has given no guarantee where
: a 4 y potential liability is outstanding at the date of the statement of
1 wv SZ assets and liabilities other than the restricted funds detailed in the
IF income and expenditure statement and mentioned above. This
= includes financial support received, through donations and grants,
to the following projects: Community Defibrillator, Community
Hub, Stay Up Late, Supported Employment and Workshops.
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Particulars of any outstanding debt
The trustees declare that the charity has no outstanding debts which are secured by an express charge on any of the assets of the charity at the date of the statement of assets and liabilities.
Financial outlook .
COO 2021/22 will continue to be challenging for many charities; in hy some ways more difficult than at the height of the pandemic. The vary trustees and CEO will work hard to adapt activities and seek im) alternative funding to subsidise charitable work streams. The ££ charity will also continue to apply for all relevant government financial support.
Page 16
The Ark Trust ClO
| Statement of financial activities for the 12 | Statement of financial activities for the 12 | months ended 31st March 2021 | months ended 31st March 2021 | months ended 31st March 2021 | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | funds | Total funds 2021 | Total funds 2020 | |
| funds 2021 | 2021 | ||||
| £ | £ | £ | £ | ||
| Income from: | |||||
| Donations and legacies | |||||
| Donations & gifts | 1,447 | 1,882 | 3,329 | 8,898 | |
| Grants | 110,911 | 520 | 111,431 | 4,060 | |
| Membership subs | 0 | 60 | 60 | 0 | |
| Charitable activities | |||||
| Activity & holiday fees | 1,297 | 0 | 1,297 | 42,427 | |
| Contracts | 7,224 | 178,100 | 185,324 | 326,851 | |
| Other trading activities | |||||
| Room hire | 20 | 0 | 20 | 905 | |
| Interest income | 711 | 0 | 711 | 771 | |
| Shop sales | 100 | 0 | 100 | 11,912 | |
| Less: COGS | -313 | (0) | -313 | -3,788 | |
| Total incoming resources | 121,397 | 180,562 | 301,959 | 392,036 | |
| Resources expended | |||||
| Staff & professional fees | 59,756 | 163,984 | 223,740 | 231,977 | |
| Utilities & communications |
6,454 | 4,967 | 11,421 | 10,508 | |
| Activity& holiday costs | 6,855 | 10 | 6,865 | 23,066 | |
| General overheads | 18,819 | 18,057 | 36,876 | 39,147 | |
| Equipment & repairs | 6,768 | 2,037 | 8,805 | 6,733 | |
| Transport & vehicle costs | 813 | 13 | 826 | 22,824 | |
| Rent, rates & insurance | 11,778 | 1,536 | 13,314 | 36,042 | |
| Total resources expended | 111,243 | 190,604 | 301,847 | 370,297 | |
| Net incoming resources | 200,451 | 40,097 | 240,548 | ||
| April 1, 2020 | |||||
| Transfers between funds | 0 | 0 | 0 | ||
| Surplus at March 31, 2021 | 10,154 | -10,042 | Li | ||
| FundsatMarch31,2021 | 210,605 | 30,055 | 240,660 |
Page 17
The Ark Trust ClO
Balance sheet as at 31st March 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Fixed Assets | ||
| Tangible assets | 21,243 | 37,969 |
| Current Assets | ||
| Debtors | 7,333 | 27,789 |
| Cash at bank and in hand | 219,209 | 180,125 |
| Prepayments and accrued income | 21,054 | 26,298 |
| 247,596 | 234,212 | |
| Creditors | ||
| Amounts falling due within one year | 2,760 | 4,842 |
| Accruals and deferred income | 25,419 | 26,791 |
| 28,179 | 31,633 | |
| Net Current Assets less liabilities | 219,417 | 202,579 |
| Total Assets less liabilities | 240,660 | 240,548 |
| Reserves | ||
| Unrestricted fund | 210,605 | 200,451 |
| Restricted fund | 30,055 | 40,097 |
| Totalreserves | 240,660 | 240,548 |
Page 18
Notes to the Financial Statements
éy These are the statements we have to make when we file (send) cea our accounts to the Charity Commission. They are not easy to -_ read. If you would like to know more so you can understand x them,have a pleasebriefing contact thesession. Ark office who will arrange for you to
Basis of preparation
Basis of accounting
The accounts have been prepared in accordance with the Statements 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), the Charities Act 2011 and UK Generally Accepted Practice as it applies from ist January 2015.
Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The charity meets the definition of a public benefit entity as defined by FRS 102.
Going concern
These accounts are prepared on a going concern basis; the charity has sufficient resources and the trustees have no reason to believe that the charity will not continue to operate next year or for the foreseeable future.
Change of accounting policy
The financial statements have been prepared to give a ‘true and fair’ view and no changes have been made to the accounting policies adopted.
Change to accounting estimates and material errors
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP)
Interest receivable
Interest on funds held on deposit is included when receivable; this is upon notification of the interest paid/payable at the bank.
Page 19
Income
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
- ° The charity becomes entitled to the resources ° It is more likely than not that the charity will receive the resources e The monetary value can be measured with sufficient reliability
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Expenditure and liabilities
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Support costs include central functions and have been allocated to activities on a basis consistent with the use of resources.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Creditors
The charity has creditors which are measured at settlement amounts less trade discounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash value or other consideration expected to be received.
Page 20
Assets
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year and cost at least £750. They are valued at cost.
The depreciation method is straight line, spread across the assets’ useful life taking into account any residual value.
| account any residual value. | |||
|---|---|---|---|
| Motor | Fixtures & | Equipment | |
| Vehicles | Fittings | ||
| £ | £ | £ | |
| Cost or Value | |||
| At 1st April 2020 | 24,690 | 20,988 | 11,641 |
| Additions | 0 | 0 | 0 |
| Disposals | 20,940 | 0 | 0 |
| At 31st March 2021 | 3,750 | 20,988 | 11,641 |
| Depreciation | |||
| At 1st April 2020 | 12,064 | 3,721 | 3,565 |
| Charge forthe period | 4,688 | 2,998 | 2,852 |
| 16,752 | 6,719 | 6,417 | |
| Net Book Values | |||
| At the start ofthe year | 12,626 | 17,267 | 8,076 |
| At the end ofthe year | 1,750 | 14,269 | 5,224 |
| Asset disposal | |||
| Cost or value | 20,940 | ||
| Accumulated depreciation | (14,752) | ||
| Proceeds from sale | (3,000) | ||
| Profit/loss | (3,188) |
Sale of the fixed asset—this was not planned however, as the vehicle was categorised as a HGV, our permit meant that the vehicle had to be kept in a certain location. At the start of the pandemic this was suddenly no longer available to us so we had to sell, and sell quickly, so were unable to maximise the financial return on the asset.
Page 21
Taxation
The charitable status of the organisation has been confirmed by the Inland Revenue. This means that the charity is not liable to corporation tax on its surplus or gains to the extent that they are applied for charitable purposes.
Trustees remuneration, expenses and related party transaction
None of the trustees received any remuneration for their role during the year and there were no related party transactions. Trustees are offered reimbursement for travel expenses incurred—to remove any barrier to prevent attendance at meetings.
Independent Examiner’s Report
The Independent Examiner’s report to the Trustees of The Ark Trust CIO is attached to this report.
Declaration
The trustees declare that they have approved the trustee’s report above.
Signed on behalf of the charity trustee board by the following trustees:
Name: NEL MCGIFFERD F la Signature: ; /¢ / C
Name: Tomy binser Signature: ay Date: 2e| - 2022.
----- Start of picture text -----
B ly Contact information
Fo Tel 01344 266899
SS Se | Email info@theark.org.uk
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Page 22
Independent examiner’s report to the trustees of “The Ark Trust Ltd”
I report on the financial statements of the company for the year ended 31 March 2021. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity trustees as a body, for my work.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The 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. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Chartered Institute of Management Accountants.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
e examine the accounts under section 145 of the 2011 Act e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act
-
e to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements:
-
e to keep accounting records in accordance with section 130 of the Companies Act 2011
-
e to prepare Financial Statements which accord with the accounting records and comply with the accounting requirements of the Companies Act 2011.
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.
Name: S Fogwill
Relevant professional qualification or body: Chartered Institute of Management Accountants
Address: 24 Woodville Close, Blackwater, Camberley, GU17 0BN
Date: 17 January 2022
SES