Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
Registered number: 06357407 Charity number: 1122437
THE ARK ISLEHAM (A company limited by guarantee)
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Trustees' report | 1 |
| Reference and administrative details of the charity, its | 4 |
| trustees and advisers | |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of Cash Flows | 8 |
| Notes to the financial statements | 9-17 |
Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees who are also directors of the church for the purposes of the Companies Act 2006, present their report with the financial statements of the Church for the year ended 31 December 2024. The Trustees have adopted the provisions of 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) (October 2019).
The Trustees have had due regard for the guidance published by the Charities Commission on public benefit.
REFERENCE AND ADMINISTRATIVE DETAILS
The Trustees who served during the year were:
Mr Alan Beckett Appointed 16 August 2024 Mrs Hannah Bianco Dr Jonathan Darley Mr Paul Hedger Mr. Michael Hawes (Chair) Mrs Kathryn Slingsby Mr. Graham Strand Mr. Frank Young Mrs Lorna Wells Resigned 8 October 2024
The above named were also the subscribers and members of the company. Each of them guarantees to contribute a sum not exceeding £10 towards any shortfall in the event of a winding up.
The Church Council is responsible for the day-to-day management of the Trust. The names of the members of the Council are shown on the charity information page which forms part of these accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The governing document of the Church comprises the Company's Memorandum and Articles of Association.
Trustees are generally recruited from inside the membership, but we also aim to have at least one Trustee who is a member of another church. As part of their induction and training, all trustees are given a copy of "The Essential Trustee" published by the Charity Commission, and any other publications deemed relevant.
The trustees meet on a regular basis, and currently all decisions of a material nature are made by the Board.
The Church owns 100% of the share capital of Gourmet Brownie Limited, company number 08761879. The company bakes brownies, selling to the wholesale and private customer markets. Profits are donated to the Church.
The Church has a leadership team of Elders, responsible for all spiritual decisions. The Church Council, made up of seven people, is appointed by the Elders, with Trustee approval. The Church Council meets fortnightly. The Trustees meet quarterly, or more frequently when required..
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Charities Act 2011 requires that the Trustees ensure that the Church keeps accounting records of all transactions so as to disclose at any time, with reasonable accuracy, the financial position of the Church at that time and to enable them to ensure that the financial statements comply with the disclosure regulations. The Trustees are also responsible for safeguarding the Church’s assets and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
In preparing the financial statements the Trustees are expected to:
-
a) Select suitable accounting policies and apply them consistently, making judgments and estimates that are reasonable and prudent;
-
b) Follow the recommendations of the Charity Commission and of the accounting profession with regard to the form and content of the financial statements, or to disclose and explain any departures therefrom;
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c) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Church will be able to continue to meet its objectives.
RISK MANAGEMENT
The Trustees have examined the major strategic, business and operational risks to which the Church is exposed and systems have been established to manage those risks.
An annual budget is drawn up, based on the giving of the previous year. A system is in place, whereby a financial report is issued each quarter from the computerised accounts to each trustee so that any necessary corrective steps can be taken.
OBJECTIVES AND ACTIVITIES
William Norman built the original chapel in Church Street, Isleham and set up a trust to promote the worship of Almighty God in 1824. The objectives remain the same but have been extended to serve the community in various ways, both in Isleham and much further afield.
The Church's objects are as follows:
-
to advance the Christian faith in accordance with the statement of beliefs appearing in the Schedule to the Memorandum and Articles, and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity; and
-
to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support.
All members of the public are welcome to attend the church and avail themselves of the various facilities and ministries. As well as enabling people to attend the worship services, we have excellent children's and youth facilities, and a well equipped kitchen and dining area. These facilities benefit the community in various ways, such as the Coffee Mornings, which are a chance for anyone from the local community to come and socialise.
All in all, this enables people in our area to live out their faith as part of our community through:
-
Worship and prayer, learning about the Gospel, and developing their faith in Jesus;
-
provision of pastoral care ; and
-
missionary and outreach work.
The Church policy is to give a significant proportion of the income to Mission or outreach of various types e.g. Youth for Christ. Further sums are given as gifts to needy people.
In setting our objectives and planning our activities our Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
The church has about 400 adult members and regular attenders, plus at least 120 under 16s. In addition to the service each Sunday, there are many midweek activities, catering for all ages and a wide range of interests. In particular, we have daily prayer meetings, at different times each day, in order to accommodate as many people's schedules as possible. We continued with Little Oaks, our monthly Friday morning meeting for Mothers and Toddlers, which has proved extremely popular, catering for 250 young children, and is always oversubscribed. We have a group for young adults (those aged between 18-30) and our Arise summer youth conference continues to grow and develop. All this has helped people develop their faith in Jesus. In addition, a number of programs provided practical help and support to the local community, notably the Community Pantry. We continue to enhance the live-streaming of our Sunday services which are now watched regularly by many people around the country.
Work on our new building, The Ark, is now virtually complete. In the year ended 31 December 2024 we continued receiving donations towards the funding of the project. In the first few months of the year work was completed on the atrium staircase, the upstairs offices and the additional toilets.
FINANCIAL REVIEW
The results show a surplus of £149,785 (2023: £65,148). At the balance sheet date there were free reserves of £138,114 (2023: £127,940) that equate to 3 months of unrestricted expenditure.
It is not the aim of the Church to accumulate funds over the long term.
RESERVES POLICY
It is the policy of the Church whereby the unrestricted funds not committed or invested in tangible fixed assets or held as long term investment generating income or capital growth, that is the free reserves, should equate to between three and six months of the unrestricted expenditure.
PLANNING FOR FUTURE PERIODS
The Trustees intend to manage the Church in the foreseeable future as in previous years.
This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
ON BEHALF OF THE TRUSTEES
Mr. Michael Hawes Trustee
Approved by the Trustees on: 29 September 2025
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM
(A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Mr. Michael Hawes (Chair) Mr. Frank Young Mr. Graham Strand Mrs Hannah Bianco Dr Jonathan Darley Mr Paul Hedger Mrs Kathryn Slingsby Mrs Lorna Wells Mr Alan Beckett
Resigned 10 June 2025
Resigned 8 October 2024 Appointed 16 August 2024
Church Council Members
Mrs. Geraldine Ciantar (Chair) Mr. Richard Liddington Mr. Jeremy Liming Mr.Graham Strand Mrs Hannah Bianco Mrs. Marilyn Strand Mr. Steve Ayres
Company Registered Number
06357407
Charity Registered Number
1122437
Registered and Church Office
101 Beck Road, Isleham, Ely, Cambridgeshire, CB7 5QP
Company secretary
Mr. Michael Hawes
Independent Examiner
Stuart Berriman, Chater Allan LLP, Chartered Accountants, 7 Quy Court,Colliers Lane, Stow-cum-Quy, Cambridge, C25 9AU
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
I report on the financial statements of the Trust for the year ended 31 December 2024 which are set out on pages 6 to 17.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stuart Berriman Chater Allan LLP Chartered Accountants 7 Quy Court Colliers Lane Stow-cum-Quy Cambridge CB25 9AU
29 September 2025 Date: ………………………………………
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM
(A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income from: Donations and legacies 2 Investments 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net income/(expenditure) before transfers Transfers between funds Net movement in funds Reconciliation of movement in funds: Total funds brought forward Prior year adjustment 18 Total funds brought forward as restated Total funds carried forward |
Unrestricted Designated Restricted Total funds funds funds funds 2024 2024 2024 2024 £ £ £ £ 541,643 - 125,113 666,756 746 - 988 1,734 542,389 - 126,101 668,490 349,099 114,586 55,020 518,705 349,099 114,586 55,020 518,705 193,290 (114,586) 71,082 149,785 14,785 84,728 (99,513) - 208,075 (29,858) (28,431) 149,785 180,081 20,000 2,577,233 2,777,313 20,000 2,464,474 (2,484,474) - |
Total funds 2023 £ 557,527 430 |
|---|---|---|
| 557,958 | ||
| 492,809 | ||
| 492,809 | ||
| 65,148 - |
||
| 65,148 2,712,165 - |
||
| 200,081 2,484,474 92,759 2,777,313 408,156 2,454,616 64,328 2,927,098 |
2,712,165 | |
| 2,777,313 |
All activities relate to continuing operations.
The notes on pages 9 to 17 form part of these financial statements.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) BALANCE SHEET AS AT 31 DECEMBER 2024
Registered Company number: 06357407 Registered Charity number: 1122437
| Total | Total | ||
|---|---|---|---|
| 2024 | 2023 | ||
| As restated | |||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 8 | 2,756,512 | 2,802,987 |
| Investments | 9 | 169,061 | 150,001 |
| 2,925,573 | 2,952,988 | ||
| Current assets | |||
| Debtors | 10 | 30,567 | 35,580 |
| Cash at bank and in hand | 303,153 | 193,882 | |
| 333,720 | 229,461 | ||
| Liabilities | |||
| Creditors: amounts falling due within one year | 11 | 58,214 | 57,432 |
| Net current assets | 275,506 | 172,029 | |
| Creditors: amounts falling due after more than one year | 12 | 273,982 | 347,704 |
| Net assets | 2,927,098 | 2,777,313 | |
| Charity funds | |||
| Restricted funds | 14 | 64,328 | 92,759 |
| Unrestricted funds | 14 | 408,156 | 200,081 |
| Designated funds | 14 | 2,454,616 | 2,484,474 |
| 2,927,098 | 2,777,313 |
The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
-
a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006; and
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b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus and deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to charitable companies.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
29 September 2025
The financial statements were approved by the Board of Trustees on ……………………… and were signed on their behalf by:
Mr. Michael Hawes
Trustee
The notes on pages 9 to 17 form part of these financial statements.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2024
| Note | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Cash used in operating activities | 1 | 217,511 | 173,908 |
| Cash flows from investing activities: | |||
| Purchase of tangible assets | (89,180) | (50,910) | |
| Purchase of investments | (19,060) | (20,000) | |
| Net cash provided by/(used in) investing activities | (108,240) | (70,910) | |
| Change in cash and cash equivalents in the reporting | 2 | 109,271 | 102,997 |
| period | |||
| Cash and cash equivalents at the beginning of the | |||
| reporting period | 193,882 | 90,885 | |
| Cash and cash equivalents at the end of the reporting | |||
| period | 303,153 | 193,882 | |
| Notes to Cash flow statement | |||
| 1. Reconciliation of net income for the year to net cash flow | from operating activities |
| Net movement in funds Adjustments for: Depreciation charges Loss on disposal of assets Decrease/(Increase) in debtors (Decrease)/Increase in creditors (Decrease)/Increase in long-term creditors Net cash inflow (outflow) from operating activities 2. Analysis of cash and cash equivalents Cash at bank and in hand |
At 1 January 2024 £ 193,882 |
2024 2023 £ £ 149,785 65,148 135,314 174,706 340 - 5,013 (10,355) 782 (10) (73,724) 74,417 |
|---|---|---|
| 217,511 303,908 |
||
| At 31 Cash December flow 2024 £ £ 109,271 303,153 |
||
| 193,882 | 109,271 303,153 |
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) (issued in October 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, the Companies Act 2006 and in accordance with the Church Accounting Regulations 1998. The financial statements have been prepared under the historical cost convention.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named on page 4. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
1.3 Fund accounting
The unrestricted general funds are available for use at the discretion of the Church Council in furtherance of its charitable objectives and are not subject to any restrictions regarding their use.
Designated funds are created by the trustees’ for funds to be set aside for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objectives of the church. Restrictions arise when specified by the donor or when funds are raised for a particular purpose.
Further explanations of the nature and purpose of each fund is included in the notes to the financial statements.
1.4 Income
All voluntary income plus associated tax recovery is recognised as income when the donation is received. Investment income is recognised in the Statement of Financial Activities as it becomes payable. All other income is recognised when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1.5 Expenditure
Expenditure is recognised in the period in which they are incurred and include attributable VAT which cannot be recovered. These are allocated to the particular activity to which they relate. Gifts and grants are accounted for when they are paid.
As much of the management and activity of the church is carried out by volunteers, the intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.
1.6 Taxation
The Church is exempt from corporation tax on its charitable activities.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES (Continued)
1.7 Tangible fixed assets
Church land and buildings are depreciated on a straight line basis over 25 years.
Equipment purchased is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £200 or less are written off when the asset is acquired.
1.8 Going concern
The trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The trustees believe the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
1.9 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.12 Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
1.13 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pretax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM
(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. INCOME FROM DONATIONS AND LEGACIES Offerings & donations Gift aid donations Tax credits 3. INCOME FROM INVESTMENTS Rent Interest 4. COST OF CHARITABLE ACTIVITIES Church Buildings: Professional fees Interest on members loans Depreciation of land and buildings Staff and Administration: Salaries Staff expenses Visiting speakers Training Office expenses Website Youth Groups: Junior Church 3-11 Impact 11-14 Youth 15-21 Arise Little Oaks Surge Flow Events and Materials: Term expenses Church events Funerals Copyright and licences Safeguarding and DBS Music South Africa Trip Carried forward |
Unrestricted Designated Restricted Total funds funds funds funds 2024 2024 2024 2024 £ £ £ £ 102,528 - 51,420 153,948 349,923 - 58,610 408,533 89,192 - 15,083 104,275 541,643 - 125,113 666,756 - - - - 746 - 988 1,734 746 - 988 1,734 337 - - 337 - - 4,535 4,535 - 114,586 - 114,586 203,743 - - 203,743 1,714 - - 1,714 750 - - 750 380 - - 380 4,515 - - 4,515 1,478 - 17 1,495 213 - - 213 - - - - 910 - - 910 - - 7,615 7,615 556 - - 556 376 - - 376 195 - - 195 408 - - 408 6,802 - - 6,802 132 - - 132 1,883 - - 1,883 2,144 - - 2,144 879 - - 879 - - 35,062 35,062 227,412 114,586 47,229 389,227 |
Total funds 2023 £ 151,632 323,161 82,733 |
|---|---|---|
| 557,527 | ||
| 98 331 |
||
| 430 | ||
| 330 6,719 156,291 183,591 205 713 163 4,297 1,153 313 134 532 3,310 282 366 113 349 4,619 38 1,812 210 692 - |
||
| 366,232 |
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM
(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 4. COST OF CHARITABLE ACTIVITIES (Continued) Brought forward Other Groups: Community pantry Creche Young adults group Godly conversations Mission: Newmarket YFC YWAM P Claringbold M & J Heath Mr Richard Liddington – India Mission J Robson I Duckworth Evangelical Alliance - annual membership St Mary's Church, Ely Lamb Hospital Health Appeal, Pakistan The Friends of Potters Village D Gallagher Etnos Movement Gifts:(note 5) Church Costs: Support costs (note 6) |
Unrestricted Designated Restricted Total funds funds funds funds 2024 2024 2024 2024 £ £ £ £ 227,412 114,586 47,229 389,227 - - 7,714 7,714 24 - - 24 241 - - 241 348 - - 348 5,100 - - 5,100 1,800 - - 1,800 5,450 - - 5,450 5,900 - - 5,900 600 - - 600 3,171 - - 3,171 1,350 - - 1,350 287 - - 287 720 - - 720 - - - - 870 - - 870 1,000 - - 1,000 2,000 - - 2,000 7,186 - - 7,186 85,640 - 77 85,717 349,099 114,586 55,020 518,705 |
Total funds 2023 £ 366,232 8,355 26 97 359 5,100 1,800 7,700 5,400 2,600 3,200 450 303 720 500 - - 11,674 78,292 |
|---|---|---|
| 492,809 |
5. GIFTS
In accordance with the objectives as stated in the Trustees’ Report £7,186 has been given at the discretion of the Elders, Council and Trustees to needy people. The individual amounts and donees are not disclosed for confidentiality reasons in these Financial Statements.
6. SUPPORT AND GOVERNANCE COSTS
| Catering and housekeeping Cleaning and building welfare Heat, insurance and rates Repairs and renewals Building welfare Maintenance contracts New equipment Telephone/internet Sundries including bank charges Training Depreciation Loss/(profit) on disposal of assets Independent examiner costs Legal and professional fees Carried forward |
3,121 - - 3,121 1,392 - - 1,392 36,592 - 36,592 10,631 - - 10,631 2,195 - - 2,195 5,176 - - 5,176 549 - - 549 851 - - 851 884 - 77 961 - - - - 20,728 - - 20,728 340 - - 340 2,220 - - 2,220 - - - - 84,679 - 77 84,756 |
3,784 3,677 46,347 1,966 87 2,268 880 695 307 1,545 18,415 (6,600) 2,150 1,836 |
|---|---|---|
| 77,356 |
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM
(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 6. SUPPORT AND GOVERNANCE COSTS (Continued) Brought forward Trustee indemnity insurance Annual return filing fee |
Unrestricted Designated Restricted Total funds funds funds funds 2024 2024 2024 2024 £ £ £ £ 84,679 - 77 84,756 948 - - 948 13 - - 13 85,640 - 77 85,717 |
Total funds 2023 £ 77,356 923 13 |
|---|---|---|
| 78,292 |
All governance was carried out by volunteers and no other tangible costs were incurred.
7. STAFF AND TRUSTEES
| Gross Employer's NIC Pension contributions |
180,980 - - 180,980 9,309 - - 9,309 13,454 - - 13,454 203,743 - - 203,743 |
162,838 8,186 12,566 |
|---|---|---|
| 183,591 |
The average number of staff employed by the church during the financial year was 10 (2023:8) comprising 3 full-time pastors, 1 full-time centre manager, 3 part-time admin people and 3 part-time caretakers. No employee received remuneration amounting to more than £60,000 in either year.
During the year, no Trustee received any remuneration or expenses (2023: £nil) other than stated above.
| 8. TANGIBLE FIXED ASSETS Cost As at 1 January 2024 Additions Disposals As at 31 December 2024 Depreciation As at 1 January 2024 Charge for the year Eliminated on disposal As at 31 December 2024 Net book value As at 31 December 2024 As at 31 December 2023 |
Freehold land & buildings Church Equipment Total £ £ £ 3,907,262 131,715 4,038,976 19,272 69,908 89,180 - (850) (850) |
|---|---|
| 3,926,534 200,773 4,127,306 |
|
| 1,156,415 79,575 1,235,990 114,586 20,728 135,314 - (510) (510) |
|
| 1,271,001 99,794 1,370,794 |
|
| 2,655,533 100,979 2,756,512 |
|
| 2,750,847 52,140 2,802,987 |
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 9. FIXED ASSET INVESTMENTS Shares in subsidiary - High Oak Construction Limited Shares in subsidiary - Gourmet Brownie Limited |
2024 £ 1 169,060 169,061 |
2023 £ 1 150,000 |
|---|---|---|
| 150,001 |
There were no investment assets outside the UK.
The Company owned 100% of the share capital of High Oak Construction Limited, a construction company registered in England and Wales. At the balance sheet date its aggregate deficit in its capital and reserves was £14,765 (2023: (£1,724)) and its profit for the year was £4,037 (2023: £21,082). Having fulfilled it objects, this company was dissolved in 2025.
The Company owned 100% of the share capital of Gourmet Brownie Limited, a manufacturing company registered in England and Wales. At the balance sheet date its aggregate suplus in its capital and reserves was £21,349 and its profit for the period to 31 December 2024 was £6,358.
| 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Gift aid Prepayments and other debtors Short term loan to member 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Examiner fee Payroll taxes Loans from members Other creditors and accruals 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Loans from members Other loan |
2024 £ 530 24,579 2,957 2,500 30,567 2024 £ 2,350 3,138 47,421 5,305 58,214 2024 £ 153,497 120,485 273,982 |
2023 £ 173 30,881 4,526 - |
|---|---|---|
| 35,580 | ||
| 2023 £ 2,300 2,904 48,669 3,559 |
||
| 57,432 | ||
| 2023 £ 217,704 130,000 |
||
| 347,704 |
Other loan - The share capital of Gourmet Brownie Limited is being purchased over a number of years. The Ark Isleham liability to pay the agreed cost of the shares is based on achieving sufficient profits in Gourmet Brownie Limited to justify the investment.
13. LEASING AGREEMENTS
| LEASING AGREEMENTS Due within one year Between one and five years |
2024 £ 1,475 1,845 3,320 |
2023 £ 1,475 3,320 |
|---|---|---|
| 4,795 |
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 14. STATEMENT OF FUNDS Unrestricted Funds General Fund Designated Funds Church Building Reserve Fund Restricted Funds Ark Project Poland Fund Community Pantry Fund Loan Repayment Fund Arise Youth Conference Fund Community Meal Fund Gift Day 2023 Fund South Africa Fund Total Funds |
Brought Transfers forward Income Expenditure in/(out) As Restated £ £ £ £ 200,081 542,389 (349,099) 14,785 200,081 542,389 (349,099) 14,785 2,484,474 - (114,586) 84,728 2,484,474 - (114,586) 84,728 9,778 59,155 (4,508) (47,301) 324 225 - - 3,000 10,137 (7,663) - 14,367 12,888 - (18,155) 2,500 5,296 (7,632) - 51 - (51) - 62,741 1,340 - (34,057) - 37,061 (35,166) - |
Carried forward £ 408,155 |
|---|---|---|
| 408,155 | ||
| 2,454,616 | ||
| 2,454,616 | ||
| 17,124 549 5,474 9,100 164 - 30,024 1,895 |
||
| 92,759 126,101 (55,020) (99,513) 2,777,313 668,490 (518,705) - |
64,328 | |
| 2,927,098 |
Restricted Funds
The Church accounts include Restricted Funds, where the monies can only be used for the specific purpose for which they were entrusted to the church. These monies are not at the disposal of the Church Council for any other purpose, and represent:
Ark Project
The fund is for capital building costs of the new building, and for repaying loans used on the building costs.
Poland Fund
These are funds raised for supporting organisations in Poland.
Community Pantry Fund
Isleham Community pantry seeks to support local people who find themselves in difficult circumstances, by providing food and toiletries.
Loan Repayment Fund
Donations given for the repayment of loans given by members.
Arise Youth Conference Fund
This fund was set up to handle the finances of the annual Arise Conference, a summer event for children and young people.
Community Meal Fund
This was a one-off grant and the fund is now closed.
Gift Day 2023 Fund
These are funds raised for Audio/visual equipment to improve the online services, to finish the upstairs youth area and complete any other areas or tasks required should funds allow, once the two primary items are completed.
South Africa Fund
The fund was set up to handle all the finances of the mission trip to South Africa in October 2024. The balance will be carried forward to the next mission trip which is happening in February 2026.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. STATEMENT OF FUNDS (continued)
Unrestricted Funds
These funds are expendable at the discretion of the Trustees and Church Council in furtherance of the objectives of the Church.
Designated Funds
Church Building Reserve Fund
This fund is to reflect the written down value of the building less the associated loans.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |
|---|---|
| Fixed assets - tangible Fixed assets - investments Current assets Creditors due within one year Creditors due after more than one year Total |
Unrestricted Designated Restricted Total funds funds funds funds 2024 2024 2024 2024 £ £ £ £ 100,979 2,655,533 - 2,756,512 169,061 - - 169,061 269,392 - 64,328 333,720 (10,794) (47,421) - (58,214) (120,485) (153,497) - (273,982) |
| 408,156 2,454,616 64,328 2,927,098 |
16. RELATED PARTY TRANSACTIONS
During the year £948 (2023: £923) was paid by the charity for Trustee indemnity insurance.
During the year £18,482 of donations were received from Trustees.
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Docusign Envelope ID: 4D4D1CEB-A064-47A3-8E5D-151FFE99132F
THE ARK ISLEHAM (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
| Income from: Donations and legacies Investments Total income Expenditure on: Charitable activities Total expenditure Net Income before transfers Transfers between funds Net movement in funds |
Unrestricted Designated Restricted Total funds funds funds funds 2023 2023 2023 2023 £ £ £ £ 386,046 20,000 151,481 557,527 426 - 4 430 |
|---|---|
| 386,472 20,000 151,485 557,957 |
|
| 320,255 - 172,553 492,808 |
|
| 320,255 - 172,553 492,808 |
|
| 66,216 20,000 (21,068) 65,148 (16,363) - 16,363 - |
|
| 49,853 20,000 (4,705) 65,148 |
18. PRIOR YEAR ADJUSTMENT
There were two prior year adjustments:
The Chruch Building Reserve Fund which was a restricted fund has been recategorised as a designated fund. The Brownie Fund which was a designated fund has been recategorised as an unrestriced fund. The impact of the adjustments was to increase designated funds by £2,464,474, increase unrestricted funds by £20,000 and reduce restricted funds by £2,484,474 at 1 January 2024.
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