Registered Charity No: 1098204 THE The Ark Trust CIO Trustees, Annual Report and Financial Statements For the year ended 31st March 2024 I w/
Contents Charity Information Page I Trustees, Report Page 3 Statement of Financial Activities Page 15 Notes to the Financial Statements Page 21 Glossary Independent Examiner's Report
Charity Information Charity Number 1098204 Addre55 TRAX, Mill Ride (off Fernbank Road), North Ascot, Berkshire, SL5 8JW Trustees Jon Codd (re-elected 18th January 20241 Tommy Docherty Stephanie Guest (re-elected 18th January 20241 Muriel Hanley John Horbury Neil McGiffen Pase I
Antony Robinson {Chair} Zoe Robinson Ire-elected 18th January 20241 Peter Tobin Susanna Tyrrell Management 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, Broadwav West Malling Bracknell Letchworth Garden City Kent Berkshire HertFordshire ME194JQ RG12 IDN SG6 3TA 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 Some words in this report might be difficult to understand. To help we have added a glossary (list of words and their meanings) to the end of this report. Strurture, Governance and Management Since 25th August 2020 the Ark has been registered as a Charita ble Incorporated Organisation {CIOI - It has, however, been a local charitable organisation for 40 years. The Ark has a constitution. These are the rules that say what the charity does and how it is run. The trustee5 delegate responsibility for the day-to-day operations and management of the charity to the Chief Executive. Every year. at the AGM, members can put themselves forward to be elected and 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 trustee5 the charity can have is 12. Training and support for new trustees is provided and all trustees must have a satisfactory DBS check before their appointment is finalised. tilitl All trustees give their time for free. As a u5er-led organisation, we work towards 75% of the trustee board being people who could use the charitvs services or access it's activities. Voting membership of The Ark costs £10 lone off payment). In the event of The Ark stoppingi thi5 membership fee is each memberf5 maximum contribution. Pa8e 3
Risk Management Risk management means that we have thought about things that could affect The Ark and found ways to reduce any possible risk. The most serious risks to the charity are: Loss of key staff Loss of key contracts Incident or accident in the building/community activity Car accident (volunteer driver project) Changes in legislation Mistake or error in the advice or support given Misconduct or safeguarding issue Data Security breach Fraud or theft A future pandemic Icovid or other virus) Public Benefit The trustees confirm they have complied with their duty to have due regard to the guidance on public benefit published by the 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. o• Page 4
Fundraising Policy The Ark is a member of the Fundraising Regulator who provide advice and guidance for charities when raising funds Imoneyl. FR F-LNI ()JTrAie REGULATOFt 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 15 mindful that many people who use ivs services and attend activities are vulnerable and may also have a limited income. The Ark does. when appropriate, raise funds from the public. We also have a donation button on our website. Volunteers Our volunteers provide many hours of support and help and they are an essential part of the team. During the year our volunteers provided 3,373 hours to support our local covid vaccination centre, 2,025 volunteer car journeys, 604 community response tasks Ipicking up prescflptions, shopplng etc.) as well as supporting our befriending project, our social groups and helping to run our shopi Forget-me-Knot. The (Jueen's Award for Voluntary Servi One of our volunteers gifted us access to an online volunteering management platForm, Assemble, which they helped to develop, and this allows US to keep track of all our applications, DBS checks and training. Potential volunteers can access information on volun- teer roles and apply online from a link on our website. ASSEMBLE Page S
Volunteer Spotlight Jackie joined u5 as a volunteer during the pandemic as a community response area coordinator as well as undertaking tasks herself. She then also became a volunteer at the vaccine centre when it fully opened in January 2021. Jackie continues to volunteer with us as well as getting involved in other volunteering in the community with her dog Bailey, who has become a therapy dog visiting local schools. olunteering has been the m05t wonderful & humbling thing I have ever done, combining my love of social uctivities and need to help people get the best out of every day. Thank you so much everyone ot The Arkfor mt7king it t711po55ible.- When Jackie mentioned to her husband Paul, who was retired, that the Ark was looking for volunteer drivers he jumped at the chance as he loved driving. After completing his DBS and necessary training he started to volunteer in February 2023 and reached over 500 driving jobs in a yearl "I now enjoy the same Sense offulfilment ond value to the community Q5 Jackie doe5. Ifeel proud thot I'm oble to help elderly residents go out to socialise and love hearing their stories about their journey ond experiences living in Bracknell." Acknowledgements We would like to acknowledge and thank the following groups and organisations for providing funding and other support during the year. 8oily Thomas Charitable Trust Berkshire Community Foundation Berkshire Primory Care BrGcknell Forest Council Micr050ft Multiply Fund National Lottery (Awardsfor All) Porgiter Trust Frimley HeL71th and Care IntegrGted Care System Screwfix Foundation Google Tesco, Bag5for Life Gu Honey Te5co, Martins Heron. Brocknell iNet Telecoms Ltd Winkfield Purish Council Wokefield Golf Club Levelling Up Fund London Heart5 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.. Work with people in the South East of England with disabilities and/or long term health conditions, with carers of people with disabilities and/or long term health conditions and with young people who are not in education, employment or training. Support the community and voluntary sector in the area of operation of the charity, forthe benefit of the public and to ensure the equality for all people to engage in citizenship. The Ark aims to: Advocate the value of and to enhance the lives of disabled children, young people and adults by providing access to and engagement with creative arts, digital and new media. To use the creative arts, digital and new media as 3 means to inform and offer training to the wider community on disability Issues. To provide information, advice and support to voluntary sector groups and individuals. To promote User Led Organisations. As well as making sure projects, services and activities meet our objectives and aims, it IS ve important that people who use our services are involved in the planning, development, delivery and evaluation of these too. Page 7
Achievements and Perfomiance 44.1 Page 8
Arts, Education & Workshops Over the year we have continued to run, loosely based on academic term times, drama and crafty coffee. These are all up to capacity Ifulll. We would like to put on additional sessions in these but, mainly due to the lack of availability of the R-BUS, this is not possible. This transport issue has also had a negative impact on shorter courses or one-off workshops. We are members of the Bracknell Forest Learning Disability & Autism Partnership and have raised this issue and highlighted it as a barrier for people wanting to attend all workshops, activities and social events not just the Ark's. Festival Green Machine During the year we attended 3 festivals; Teddy Rocks, Rock 'n' Ribs and Boomtown. From feedback. next year we will focus on the smaller festivals, like Teddy Rocks, so we can provide people with the opportunity to access festivals of different types of music or focus-such as the Bear Grylls Gone Wild festivals. This year also saw the first Green Machine wedding. Congratulations to Simon and Claire who first met as festival volunteers. Forget-me-Knot In some ways it has been a difficult year for Forget-me-Knot as Costs, including the rent and electricity, have gone up while shop sales have gone down. We also use Forget-me-Knot as a space for social and activity groups such as Knit & Natter and Carers Craft and these are very .11 L&L I, _7J popular. It is also our meeting place when we arrange our regular local litter-picks and the monthly dementia carer advice drop-in service, held in partnership with Bracknell Dementia Advisory Service. Next year we will be finishing the installation of the communitv defibrillator and increasing the number of groups that meet at Forget-me-Knot. We will also be conducting a review with all staff and shop volunteers to look at ways to reduce costs, increase sales including online as well as looking to see if it will be possible to turn an area of the shop into a café and snack bar. Page 9
Friday Night Project This weekly disco remains very well attended with on average 60- 70 people attending every week. Fancy Dress and Party nights {Halloween, Valentine's Day, Christmas etc.) are very popular! We found out. through the local press, that the venue we have used for over 14 years, was at risk. A search for a venue large enough, in the Bracknell or Wokingham area, available every week was started, while lobbying Wokingham Council Iwho own the venue). We have received assurance that we will be able to stay if St Crispin's School take over the lease of the building. HIVE projects Befriending Funded by Frimley ICB'S Innovation fund, we have been providing befriending and other support to help decrease loneliness and social isolation in the under 75s. J Community Response Although this project no longer receives any funding, the charity is committed to continuing to run a scaled down service providing emergency, short term support; this is not intended to be a replacement for hospital discharge or social care support-which should be arranged and funded by the local authority and NHS. The volunteer network provided 604 support tasks including shopping, prescription collection and foodbank parcel delivery during the year to local residents unable to leave their homes due to ill health. Voccinotion Centre Support The volunteer network continues to support our local vaccination centre with all vaccine programmes, not just Covid. It has also helped support other clinics-such as the recent Prostrate Cancer screen ing providing 3373 hours of volunteering. Berkshire Primary Care {the local GP Federation organisationl cover the costs of managing these volunteers. Page 10
HIVE projects {continued) Volunteer Transport The volunteer transport project has had a busy yearl 2025 journeys have been made, supporting 137 local residents to access social clubs, day centres, visit friends, attend the dentist etc. Over the year 21 volunteer5 have been involved, supported by Ark staff who coordinate the admin and undertake a55essmentS. Night Owls .7 We have continued to offer a Night Owls event every month over the past year. Bowling, Laserquest and nightclubbing continue to be popular events. We've also included some new types of events such as Reading Pride and a karaoke evening. This has given people the opportunity to attend an evening out doing something they've not experienced before and to decide if they like it or not. Next year we hope to recruit new volunteers, particularly drivers, so that we can increase the number of transport places we can offer. As a Berkshire wide social group, we hope to include more events outside of Bracknell, Wokingham and Reading. Night Owls group l olwoys enjoy the outings...My highlight wos when we did the nightclub outing. The cinema and fongs outing Wt75 goodfun...Every occasion is very well plonnedfor the group (Ryan) Out and About Trips or activities are held monthly and are balanced between those activities that are free/have a small cost such a5 picnic or walks in the local area, with the more expensive day trips such as theme parks or the theatre. These trips are always fully booked as we can only transport a small group, and we often have to run a waiting list. Future plans include another weekend break as the one to Bath was so popular. Pa8e 11
Project 73 & Project 73+ (social groups for autistic adults receiving minimal or no social care support) P73 Due to reduction in the size of the group, it now meets fortnightly with additional day trips to Comic Con up to twice a year. The numbers have been falling because: Original members are now becoming too old to attend {upper age limit of 351 Transport, particularly after 9pm when there is a reliance on parents Introduction of subs to help with staff costs after initial funding finished Lack of appropriate signposting from local authority Positively, at the end of the year, we had 3 requests for more information on this group. We have also made sure professionals, such as social prescribers, are aware of the group and who it is aimed at. P73+ A monthly meet up for those aged 30 and over. The venue is South Hill Park bar, which works well, and the group will sometimes, weather permitting, also go for a walk and occasionally pop into another local pub to play pool. Although the group is currently small, up to 6, everyone who comes has told us that they really benefit from the evening once a month. We are also encouraging those from Project 73 to transition before they are 35,. they can attend both groups between 30-35. Radio Marmalade Last year Radio Marmalade secured funding from the National Lottery 'Awards for All, programme to support the purchase of new equipment and the development of a user's guide, radio broadcasting lesson materials and website development. Two of the trustees, Neil and Tommy, with the support of 2 members of staff, led on the project and the station was relaunched in November 2023 with a 73 hour sponsored live broadcast. Page 12
51GNAL4Carers SIGNAL provides information, advice and support to unpaid carers Ifamily/friendsl. By the end of the year 935 carers la n increase of 19% on last yearl and 80 recent ex-carers were registered with the service alongside 32 professionals. . Our focus has been on community engagement as well as supporting individual carers with information, advice, signposting, referrals to other services as well a5 support with benefi't applications. Sharon Bowden, the Carer5 Support Worker. was nominated for a Pride of Bracknell award by many of the carers she has supported land won the Gold award at the start of April 2024). As well as being a Carers Trust network partner, the issues faced by carers and the people they support are highlighted at multi-agency meetings/forums such as the Safeguarding Partnership Board and in work streams such as the development of Bracknell's new All Age Carers Strategy. Warm Welcome With the support from the Berkshire Community Foundation we have been able to continue to run this free weekly session for people over 55. It is a chance to meet and chat with other people, take part in activities such as bingo, craft and puzzles, and an opportunity to get information and advice from staff. 8U 'There are no strangers here,. Only friends you haven't yet met. ' William Butler Yeats Pa8e 13
Future plans Over the last 3 years the organisation has received support from covid related funding streams which are no longer available. Like many charities, we are also seeing increased demand for our services and rising costs-such as utilities. During the next year we will: Work with the Royal Holloway University of London on a research project to evaluate our social acts'vitie5 such as Friday Night Project and Night Owls. This will help us show potential funders the benefits of these groups and activities. Look at what we are spending our money on to deliver our activities, support, services and projects and to see if there are ways we can reduce our costs. Decide if we will tender again for the Carers Support contract (the current contract ends on 31st December 20241. SIGNAL4Carers is supporknng more and more people but the contract value has not increased for several years and may even be reduced next time. ROYAL HOLLOWAY UNIVERSITY OF LONDON Look at ideas to increase Forget-me-Knot's income as it is struggling to meet it's running costs, especially with the increases in the cost of electricity and rent. Look at how we can continue to and increase working in partnership with other organisation5 and charitie5. This could be to share or reduce costs or maybe to apply for funding together. Forgel*me,kn#L Celebrating the King's Coronation Page 14
Statement of Financial Activities. Financial review The financial results for the year met the trustees, expectations. The prudence of recent years. financial policy to build up to the optimum (best} amount of unrestricted reserves means the charity again enters the next financial year in a strong position to be able to survive any continuing negative financial impacts of the cost of living crisis. Statement of Trustee5' re5pon5ibilitie5 The charitvs trustees must make sure that the charity keeps a record of the money it gets in and the money it spends. Each year the charity must prepare their accounts and get them audited or examined by someone who is not part of The Ark. This means that someone who knows a lot about money, like an accountant, makes sure the accounts are okav. In preparing these accounts, the Trustees follow best practice and: Select suitable accounting policies and then follow them Make judgements and estimates that are reasonable and prudent Financial statements comply with the Charities Act 2011 The trustees are also responsible for protecting the assets of The Ark. Assets means a useful or valuable thing. Under section 144 of the Charitie5 Act 2011 the trustees consider that although an audit is not required for this year, an independent examination is needed. £Aw Remuneration policy for key management personnel No employees received employee benefits {excluding employer pension costs) of more than £60,000 for the reporknng period. Investment policy The trustees have the power to invest the charitls funds and have made the decision, at this time. to take no risks financially and have placed £85,000 into a high interest, go day notice account. During this year a further £85,000 was placed in 3 l year fixed rate account, which matures at the end of April 2024. Page 15
Reserve5 policy The Optimum, or best, level of reserves is based on 6 months turnover (income) minimum and no more than 9 months. Restricted reserves do not count towards this figure. We end this year with unrestricted reserves of £183,629 (which includes an al- location of £53,194 to cover redundancy and wind up costs if the charity was to close suddenlyl, which, although lower than last year, puts the charity in a good position going into 2024125. 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 future years in line with the restrictions placed bv the donor or stipulated in the contract. Particulars of any outstanding Guarantee given by the charity The trustees declare that the charity has given no guarantee where potential liability 15 Outstanding at the date of the statement of assets and liabilities other than the restricted funds detailed in the income and expenditure statement and mentioned above. This includes financial support received to the following projects: Community Defibrillator, Night Owls {Stay Up Latel, Transport, Befriending and Workshops. 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 liabilitie5. DEBT Financial outlook 2024125 will continue to be challenging for many cha rities; in many ways more difficult than the13st 4 years. The trustees and CEO will work hard to seek alternative funding to subsidise charitable work streams and to reduce costs, whilst still continuing to support the increased needs of its beneficiaries. Page 16
The Ark Trust CIO Statement of financial activities for the 12 months ended 31st March 2024 Unrestricted Restrlcted funds Total funds 2024 Total funds 2023 fund5 2024 2024 Income from: Donatsons and leg?cies Donations & Eifts Grants 3,725 3,318 7,043 9,313 2,100 116,465 118,565 156,213 40 Membership subs Chtyritable Octivities Activity & holiday fee5 Contracts 49,601 49,601 43,056 3,400 80,000 83,400 98,515 Other trading activitye5 Interest income 2,960 2.960 1,674 Sale of fixed asset Isurplusl Shop sales Less.. COGS 600 24.045 24,045 18,428 Total incorning resource5 84,533 199,783 284,316 326.839 Resources expended Staff & professionalfees Activity & project delivery Management/back office 42,731 113,924 156,655 167,454 58,394 8,245 153,982 212,376 227,675 Utilities & communications 9,438 17,683 10,772 Activity & holiday cost5 General overheads 3,068 8,880 14,799 17,867 11,987 17,307 26,187 31,638 Equipment & repairs Transport & vehicle costs Rent, rates & insurance 2.200 5,249 7,449 16,044 394 9,464 9,8S8 1,825 Total resources expended 215 846 313 633 322 155 Surplus/loss -13,254 -16,063 -29,317 Pa8e 17
The Ark Trust CIO Statement of financial activities for the 12 months ended 31st March 2024 continued.. Unrestricted Restricted Total Net incoming resources April 1, 2023 Transfers betweerk funds 196,883 37,899 234,782 Surplus at March 31, 2024 -13.254 -16.063 -29,317 Funds at March 31, 2024 183.629 21,836 205,465 Breakdown of unrestricted reserves allocation Allocated/committed 53,194 Unallocated/Free 130,435 Total 183,629 Paee 18
Where our money comes from {£284,316} Donations i Gr2nts i ActrditYlHolaY Fees i Contracts i Iniere$i Income * Shop Salés Howwe spend our moneyl£313,633) $18M' A¢iiiryly & Prq¢t Delivery * staff". Managm$ni/88¢kOttr¢& Utilities & Cominunication Aciiviiy & Holidaycosis Gtner&ioverhesJds Equipmanr& Repairs Transporr&vehi¢le Costs Reni. Rates & Ingurance Although we spent more money than money received in the year, this was expected and over half of it was from the restricted fund. We still have healthy reserves. Restricted £21,836. Allocated £53.194. Free/Unrestricted £130.435 - Total £205, 465 Page 19
The Ark Trust CIO Balance sheet as at 31st March 2024 2024 2023 Fixed Assets Tangible assets 22,409 31,030 Current Assets Debtors 16,817 7,826 Cash at bank and in hand 206,414 256,850 Prepayments and accrued income 229,684 272,156 Creditors Amounts falling due within one year 6,293 6,733 Accruals and deferred income 46,628 68,404 Net Current Assets le55 liabilities 183,056 203,752 Totsl Assets less liabilities 205 465 234 782 ReseNes Unrestricted fund 130,435 159,500 Allocated/committed funds 53,194 37,383 Restricted fund Total reserve$ 205 465 234 782 P8ge 20
Notes to the Financial Statements These are the statements we have to make when wefile Isendl our accounts to the Charity Commission. They are not easy to read. If you would like to know more so you can understand them, please contact the Ark office who will arrange for you to have a briefing session. easy Basis of preparation Basi5 of accounting The accounts have been prepared in accordance with the Statements of Recommended Practice.. Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2015. Asset5 and liabilities are initially recognised at cost or transaction value unless otherwise stated in the relevant notelsl 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 ha5 sufficient resource5 and the trustees have no reason to believe that the charity will not continue to operate next year or for the foreseeable future. Cht7nge of accounting policy The financial statements have been prepared to give a 'true and fairf 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 period13.46 FRS 102 SORPI. No material prior year errors have been identified in the reporting period {3.47 FRS102 SORPI Interest receivable Interest on funds held on deposit is included when receivable; this is upon notification of the interest paid/payable at the bank. Pa8e 21
Income Recognition of income These are included in the Statement of Financial Activities {SoFAI when: The charity becomes entitled to the resources It is more likely than not that the charity will receive the resources The monetary value can be measured with sufficient reliability Offtetting There has been no offsetknng of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP. 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 Liobility 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 ha5 creditors which are measured at settlement amounts le5S trade discounts. Provisionsfor 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 22
Assets Tangiblefixed assets for use by chority 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. usef ul life taking into account any residual value. Motor Fixtures & Equipment Vehicles Fitttngs Cost or Value At 1st April 2023 17.5LY) 28,618 16,759 Additions Disposals At 31st March 2024 17,500 28,618 16,759 Depre£iation At 1st April 2023 3,500 14,676 13,671 Adjustments for disposals Charge for the period 1,750 4,641 2,230 At 31st March 2024 5,250 19,317 15,901 Net Bookvalues At the start of the year 14.000 13,942 3,088 At the end of the year 12,250 9,301 858 Page 23
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 Examinerfs 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: Signature: Date: 021, 124 Name: Sbetknw Gu(5 Signature: Contact information Tel 01344 266899 Email info@theark.org.uk PaBe 24
Glossa Advocate - promote, speak up for. Appointed - chosen to become a trustee. A55urance- been told something to make us confident about what will happen, like a promise. Charities Act 2011- An Art or law that says how charities must be run and how they must operate. Charity Commi$5ion Cittzenship - people working together to make positive differences to the society in which they live- locally, nationally and globally. Complled- met the requirements. Contract value- How much we get paid for delivering a contract, like SIGNAL4Carers. DBS Check - Disclosure and Barring Servlce check, is a criminal record check that employersl volunteer managers can request as part of the recruitment process. Deferred - to put off or delay to a later time. Delegate- to give responsibility and authority to someone. Donor- a person or an organisation that gives money to the charity. Economic, social and environmental impact- how the charity benefits local people financially Imoneyl. their community and the environment. Evaluate- to look at how goodlbad something is. Express charge- using a large item, such as a building or vehicle you own, to guarantee a debt. Fixed rate- the amount of interest paidldue remains the same for an agreed amount of time. Guarantee - to promise or make a binding agreement. Matures- some savings accounts pay the interest at the end of an agreed amount of time Ithis is when the account matures) - as long as you haven't taken any money out. Prudence- being careful with money and financial declsions. Public benefit- a legal requirement that the charity's work must benelit the public. -Bus- Bracknell Forest Council's learning disability transport service. Remuneration- How much people Istaffl are paid. ReseNes - money set aside in case needed or to spend at a future time. Social Value- the positive impact on people and communitles. Statement of assets and liabilities- this tells us what we have Imoneyi Item51 and what we owe to others. Subsidise- fundlcover the costs of.
Independent examiner's report to the trustees of 66The Ark Trust CIO I report on the financial statements of the company for the year ¢nded 31 March 2024. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity trustees &s a body, for my work. RpectiVe responsibilities of trustees and ¢xgminer The tnteeS are ttsponsible for the preparation of the accounts. The trustees consider that an audit is not requiTed for this year under section 144(2) of the Charilies Act 2011 (the 2011 Act) and that an independent examination is needed. The chaTity's gross income exceeded £250,000 and l am qualified to undertske 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 rny responsibility to= examine the account5 under section 145 of the 2011 Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act to state whether particular matters have come to my attention Basis of independent Cxaminer's report My examination was Caled out in accordance with the 8eneral directions given by the Charity Commission. An exatnination includes a review of the accounting records kept by the charity and a comparison of th¢ 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 ststement below. Independent cy2miner'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 Tespect the requirements: to keep accounting records in accordance with section 130 of the Companies Act 2011 to prepare Financiat Statements which accord with the accounting records, and comply with the accounting requiTements of the Cornpanies Act 2011. have not been met. or to which, in my opinion, attention should be drawn order to enable a proper understanding of the accounts to be reached.
Name: S Fogwill Relevant professional qualification or body: Chartwed Institute of Management Accountants Address: 24 Woodville Close, Blackwater, Camberley. GU17 OBN Date: 7 NOVemr 2024