**REGISTERED COMPANY NUMBER: 06959400 (England and Wales) REGISTERED CHARITY NUMBER: 1132161** 

**Report of the Trustees and** 

**Unaudited Financial Statements for the Year Ended 31 July 2022** 

## **for** 

**The Ark Community Church** 

Lanham and Company Limited Chartered Accountants 9 Great Chesterford Court London Road Great Chesterford Essex CB10 1PF 



**The Ark Community Church** 

**Contents of the Financial Statements for the Year Ended 31 July 2022** 

|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|14|





**The Ark Community Church (Registered number: 06959400)** 

## **Report of the Trustees for the Year Ended 31 July 2022** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. 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) (effective 1 January 2019). 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the charity are to advance the Christian faith. The policies adopted were outlined in the Ark's vision statement and the activities are reviewed below. 

## **Significant activities** 

The Ark continues to support Christian evangelistic and humanitarian charitable initiatives amongst the homeless and disadvantaged in the UK and abroad. Regular food parcels and a number of grants were made to relieve hardship to several families, in the community. We participated in weekly voluntary work serving the homeless, supported the welfare of people in the surrounding vicinity and ran online and in-house church services for youth and adults to  advance Christian faith. 

## **Public benefit** 

The Trustees believe the activities continue to comply with the Charities Act 2006 with regard to public benefit. The information about the public benefit provided is set out in this report 

## **Volunteers** 

The charity receives the benefit of work carried out by volunteers. No value is attributed to this work in the accounts. The organisation has no trading subsidiaries. 

## **Tithes and Offerings** 

The organisation is run through regular voluntary gifts and offerings from individuals, known and unknown and tax return benefits. No income was received from outside the UK. 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Charitable activities** 

The Ark conducted weekly church services, on-line and in-house small group meetings, youth work and regular outreach to the homeless and disadvantaged. 

The church does voluntary work with OneYMCA and New Hope homeless charities in Watford to provide pastoral support, mentoring, spiritual and educational training. It has also served the work of other churches in the UK; supplying resources and running activities that support their programmes. 

The Ark runs a foodbank for a number of families who were referred to the church by local schools. The foodbank is supported by voluntary contributions of non-perishable foods, labour and monies from the church's regular voluntary gifts and offerings. 

Financial gifts sent to Africa, is done so through the charity, Eagles Wings. 

In all our activities no public funds were raised by the church, nor did any of our activities take part outside of the UK. 

There has been some change with individuals both leaving and joining The Ark. 

## **Serious Incidents** 

There were none. 

## **FINANCIAL REVIEW** 

## **Income and Expenditure** 

Overall income was £83,484 for the period, an increase on the previous year, including Gift Aid and GASD payments of £11,812. 

Expenditure was £79,978, this has resulted in a surplus of £3,506. 

Page 1 



**The Ark Community Church (Registered number: 06959400)** 

## **Report of the Trustees for the Year Ended 31 July 2022** 

## **FINANCIAL REVIEW** 

## **Salaries and Expenses** 

We have one salaried Pastor, who receives £40,094 for the year, plus pension contributions of £3,365 and travel expenses and a Treasurer is employed at £21.31 per hour for approximately 3 hours per week. 

## **Reserves policy** 

The policy is to keep a minimum of two months of primary expenditure on hand. 

The Trustees recognise that the reserves in hand, whilst still significant, will provide cover for losses for a limited time only. A sum of £7000 has been set aside for possible redundancy payments in the event that the church does not grow sufficiently in the next two years to cover the salary of the Pastor beyond that time. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, the memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **Recruitment and appointment of new trustees** 

The power of appointing new Trustees is vested in the Trustees, who must take into account the skills mix and balance of the Board as a whole. 

## **Induction and training of new trustees** 

As part of the induction process for new Trustees it has been agreed that they should familiarise themselves with the responsibility of charity trustees, read the Charity Commission booklet on the subject and carefully read the Memorandum and Articles of Association and the latest financial statements. All Trustees are DBS checked and receive training and updates every three years about Safeguarding protocols from the Designated Person. 

## **Risk management** 

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to mitigate those risks. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

06959400 (England and Wales) 

## **Registered Charity number** 

1132161 

## **Registered office** 

5 Butterwick Garston Watford Hertfordshire WD25 9SD 

## **Trustees** 

Ms N B Dyett Mr C Lindop (resigned 3.2.23) Mrs C Reynolds (resigned 3.2.23) Miss S Clark Mr C G E Jones (resigned 18.6.22) Mrs J Evans (appointed 3.2.23) Mr N Sparks (appointed 3.2.23) Mr J Gardner (appointed 3.2.23) Mrs J Nielsen (appointed 3.2.23) 

Page 2 



**The Ark Community Church (Registered number: 06959400)** 

## **Report of the Trustees for the Year Ended 31 July 2022** 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Independent Examiner** 

Lanham and Company Limited Chartered Accountants 9 Great Chesterford Court London Road Great Chesterford Essex CB10 1PF 

## **Bankers** 

Santander Bank Bootle Merseyside 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of The Ark Community Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by order of the board of trustees on 24 April 2023 and signed on its behalf by: 

Ms N B Dyett - Trustee 

Page 3 



**Independent Examiner's Report to the Trustees of The Ark Community Church** 

## **Independent examiner's report to the trustees of The Ark Community Church ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022. 

## **Responsibilities and basis of report** 

As the charity's 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 charity'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: 

1. 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 

3. 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 

4. 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 (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

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. 

Andrew Ireland FCCA 

Lanham and Company Limited Chartered Accountants 9 Great Chesterford Court London Road Great Chesterford Essex CB10 1PF 

25 April 2023 

Page 4 



## **The Ark Community Church** 

## **Statement of Financial Activities for the Year Ended 31 July 2022** 

|||||31.7.22|31.7.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|2|71,010|6,398|77,408|64,493|
|**Charitable activities**|4|||||
|Advance the Christian Faith||6,058|-|6,058|6,180|
|Investment income|3|19|-|19|4|
|**Total**||77,087|6,398|83,485|70,677|
|**EXPENDITURE ON**||||||
|Raising funds||-|-|-|60|
|**Charitable activities**|5|||||
|Advance the Christian Faith||73,596|6,383|79,979|72,040|
|**Total**||73,596|6,383|79,979|72,100|
|**NET INCOME/(EXPENDITURE)**||3,491|15|3,506|(1,423)|
|**RECONCILIATION OF FUNDS**||||||
|Total funds brought forward||37,188|81|37,269|38,692|
|**TOTAL FUNDS CARRIED FORWARD**||40,679|96|40,775|37,269|



The notes form part of these financial statements 

Page 5 



**The Ark Community Church (Registered number: 06959400)** 

## **Balance Sheet 31 July 2022** 

||||||31.7.22|31.7.21|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
||Notes|£|£||£|£|
|**FIXED ASSETS**|||||||
|Tangible assets|11|897||-|897|1,135|
|**CURRENT ASSETS**|||||||
|Debtors|12|12,328||-|12,328|4,675|
|Cash at bank and in hand||30,990|96||31,086|35,018|
|||43,318|96||43,414|39,693|
|**CREDITORS**|||||||
|Amounts falling due within one year|13|(3,536)||-|(3,536)|(3,559)|
|**NET CURRENT ASSETS**||39,782|96||39,878|36,134|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||40,679|96||40,775|37,269|
|**NET ASSETS**||40,679|96||40,775|37,269|
|**FUNDS**|14||||||
|Unrestricted funds|||||40,679|37,188|
|Restricted funds|||||96|81|
|**TOTAL FUNDS**|||||40,775|37,269|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 Sections 386 and 387 of the Companies Act 2006 and 

- (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 or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2023 and were signed on its behalf by: 

Miss S Clark - Trustee 

The notes form part of these financial statements 

Page 6 



**The Ark Community Church** 

## **Notes to the Financial Statements for the Year Ended 31 July 2022** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

There are no material uncertainties that would cast doubt on the charity's ability to continue as a going concern. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Revenue is measured at the fair value of the consideration received or receivable. 

## **Expenditure** 

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

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant and machinery - 10% on cost Fixtures and fittings - 20% on cost Computer equipment - 33% on cost 

Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidental expenses of acquisition. 

## **Taxation** 

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

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Foreign currencies** 

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

continued... 

Page 7 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

## **1. ACCOUNTING POLICIES - continued** 

## **Financial instruments** 

Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. 

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price. 

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less. 

## **2. DONATIONS AND LEGACIES** 

|||||31.7.22|31.7.21|
|---|---|---|---|---|---|
|||||£|£|
||Giving and donations|||65,596|55,585|
||Gift aid|||11,812|8,908|
|||||77,408|64,493|
|**3.**|**INVESTMENT INCOME**|||||
|||||31.7.22|31.7.21|
|||||£|£|
||Deposit account interest|||4|-|
||HMRC interest|||15|4|
|||||19|4|
|**4.**|**INCOME FROM CHARITABLE ACTIVITIES**|||||
|||||31.7.22|31.7.21|
|||Activity||£|£|
||Stewardship|Advance the Christian Faith||6,058|6,180|
|**5.**|**CHARITABLE ACTIVITIES**|**COSTS**||||
||||Grant|||
||||funding of|||
||||activities|||
|||Direct|(see note|Support||
|||Costs|6)|costs|Totals|
|||£|£|£|£|
||Advance the Christian Faith|60,464|17,510|2,005|79,979|



continued... 

Page 8 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

|**6.**|**GRANTS PAYABLE**|||
|---|---|---|---|
|||31.7.22|31.7.21|
|||£|£|
||Advance the Christian Faith|17,510|17,679|
||The total grants paid to individuals during the year was as follows:|||
|||31.7.22|31.7.21|
|||£|£|
||Various|17,510|17,679|
|**7.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.7.22|31.7.21|
|||£|£|
||Depreciation - owned assets|238|184|
||Independent Examiners Report|600|550|
||Accounting services|1,175|915|
|**8.**|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|||31.7.22|31.7.21|
|||£|£|
||Trustees' salaries|39,899|39,170|
||Trustees' social security|4,434|4,189|
||Trustees' pension contributions to money purchase schemes|3,365|3,299|
|||47,698|46,658|
||**Trustees' expenses**|||
||One trustee was reimbursed for mileage and parking costs totalling £3,025 (2021:|£2,033).||
|**9.**|**STAFF COSTS**|||
||The average monthly number of employees during the year was as follows:|||



|Direct charitable<br>No employees received emoluments in excess of £60,000.|31.7.22<br><br>2|31.7.21<br>2|
|---|---|---|
||||



The total remuneration for key management personnel during the year was £47,893  (2021: £46,658). 

continued... 

Page 9 



## **The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

|**10.**|**COMPARATIVES FOR THE STATEMENT**|**OF FINANCIAL**|**ACTIVITIES**|||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||Total|
||||funds|funds|||funds|
||||£||£||£|
||**INCOME AND ENDOWMENTS FROM**|||||||
||Donations and legacies||63,193|1,300|||64,493|
||**Charitable activities**|||||||
||Advance the Christian Faith||6,180|||-|6,180|
||Investment income||4|||-|4|
||**Total**||69,377|1,300|||70,677|
||**EXPENDITURE ON**|||||||
||Raising funds||60|||-|60|
||**Charitable activities**|||||||
||Advance the Christian Faith||70,740|1,300|||72,040|
||**Total**||70,800|1,300|||72,100|
||**NET INCOME/(EXPENDITURE)**||(1,423)|||-|(1,423)|
||**RECONCILIATION OF FUNDS**|||||||
||Total funds brought forward||38,611||81||38,692|
||**TOTAL FUNDS CARRIED FORWARD**||37,188||81||37,269|
|**11.**|**TANGIBLE FIXED ASSETS**|||||||
||||Fixtures|||||
|||Plant and|and|Computer||||
|||machinery|fittings|equipment|||Totals|
|||£|£|£|||£|
||**COST**|||||||
||At 1 August 2021 and 31 July 2022|2,703|2,055|1,275|||6,033|
||**DEPRECIATION**|||||||
||At 1 August 2021|1,568|2,055|1,275|||4,898|
||Charge for year|238|-||-||238|
||At 31 July 2022|1,806|2,055|1,275|||5,136|
||**NET BOOK VALUE**|||||||
||At 31 July 2022|897|-||-||897|
||At 31 July 2021|1,135|-||-||1,135|



All assets are used for charitable activities. 

continued... 

Page 10 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

## **12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|||||31.7.22|31.7.21|
|---|---|---|---|---|---|
|||||£|£|
||Gift aid recoverable|||11,826|4,185|
||Prepayments|||502|490|
|||||12,328|4,675|
|**13.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**|||
|||||31.7.22|31.7.21|
|||||£|£|
||Trade creditors|||663|733|
||Social security and other taxes|||1,193|1,102|
||Accrued expenses|||1,680|1,724|
|||||3,536|3,559|
|**14.**|**MOVEMENT IN FUNDS**|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.8.21|in funds|funds|31.7.22|
|||£|£|£|£|
||**Unrestricted funds**|||||
||General fund|29,759|9,417|(5,612)|33,564|
||On the road|115|-|-|115|
||Redundancy fund|7,000|-|-|7,000|
||Hardship fund|314|(5,926)|5,612|-|
|||37,188|3,491|-|40,679|
||**Restricted funds**|||||
||Specific gift fund|81|15|-|96|
||**TOTAL FUNDS**|37,269|3,506|-|40,775|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||**Unrestricted funds**|||||
||General fund||76,206|(66,789)|9,417|
||Hardship fund||881|(6,807)|(5,926)|
||||77,087|(73,596)|3,491|
||**Restricted funds**|||||
||Specific gift fund||608|(593)|15|
||Foodbank||5,790|(5,790)|-|
||||6,398|(6,383)|15|
||**TOTAL FUNDS**||83,485|(79,979)|3,506|



continued... 

Page 11 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

## **14. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|||Net||
|---|---|---|---|
|||movement|At|
||At 1.8.20|in funds|31.7.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|31,261|(1,502)|29,759|
|On the road|115|-|115|
|Redundancy fund|7,000|-|7,000|
|Hardship fund|235|79|314|
||38,611|(1,423)|37,188|
|**Restricted funds**||||
|Specific gift fund|81|-|81|
|**TOTAL FUNDS**|38,692|(1,423)|37,269|



Comparative net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|58,037|(59,539)|(1,502)|
|Hardship fund|11,340|(11,261)|79|
||69,377|(70,800)|(1,423)|
|**Restricted funds**||||
|Specific gift fund|1,300|(1,300)|-|
|**TOTAL FUNDS**|70,677|(72,100)|(1,423)|



A current year 12 months and prior year 12 months combined position is as follows: 

|||Net|Transfers||
|---|---|---|---|---|
|||movement|between|At|
||At 1.8.20|in funds|funds|31.7.22|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|31,261|7,915|(5,612)|33,564|
|On the road|115|-|-|115|
|Redundancy fund|7,000|-|-|7,000|
|Hardship fund|235|(5,847)|5,612|-|
||38,611|2,068|-|40,679|
|**Restricted funds**|||||
|Specific gift fund|81|15|-|96|
|**TOTAL FUNDS**|38,692|2,083|-|40,775|



continued... 

Page 12 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

## **14. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|134,243|(126,328)|7,915|
|Hardship fund|12,221|(18,068)|(5,847)|
||146,464|(144,396)|2,068|
|**Restricted funds**||||
|Specific gift fund|1,908|(1,893)|15|
|Foodbank|5,790|(5,790)|-|
||7,698|(7,683)|15|
|**TOTAL FUNDS**|154,162|(152,079)|2,083|



The General reserve represents the free funds of the charity which are not designated for particular purposes. 

The restricted funds of the charity during the year were: 

## **Specific Gift Fund** 

The fund was established to account for short term issues for example the Japanese earthquake relief where donations are made for specific but generally one-off causes. 

## **Foodbank Fund** 

The fund is set up to support those referred to us by other organisations or persons and who require immediate assistance to help with the provision of food. 

The designated funds of the charity during the year were: 

## **Redundancy Fund** 

The fund was established to designate funds towards possible future redundancy costs. 

## **On The Road Fund** 

The fund was set up keep gifts given to the charity when the charity took teams to other churches to cover the costs of going out next time or to use the gifts given at the time to reimburse costs of that trip. 

## **Hardship Fund** 

The fund is set up to support those referred to us by other organisations or persons and who require immediate financial assistance to help with basic humanitarian needs. 

## **Transfers between funds** 

The trustees transferred £5,612 from general funds to the Hardship fund to cover a shortfall. 

continued... 

Page 13 



**The Ark Community Church** 

## **Notes to the Financial Statements - continued for the Year Ended 31 July 2022** 

## **15. RELATED PARTY DISCLOSURES** 

Trustees made donations in the year totalling £9,541 (2021: £14,437). 

## **16. ULTIMATE CONTROLLING PARTY** 

Throughout the period the charity was controlled jointly by it's trustees.  There is no overall controlling party. 

Page 14