REGISTERED COMPANY NUMBER: 06959400 {England and Wales) REGISTERED CHARI'fY NUMBER: 1132161 Report of the Trustees and Financial Statements for the Year Ended 31 July 2024 for The Ark Communlty Church
The Ark Coxnmunity Church Contents of the Financial Statements for the Year Ended 31 July 2024 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes tr) the Financial Statements 7 to13
The Ark Community Church (Registered number: 06959400) Report of the Trustees for the Year Ended 31 July 2024 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 y¢ar ended 31 July 2024. The trustees have adoptcd the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting StaTJdard applicable in the UK and Republic of Ireland (FRS 102)(effective l January 2019). OWECTIVES AND ACTMTIES Objective5 and aims The objects of the charity are to advance the Christian faith. The policies adopted were outlined in the Ark's vision siatement and the aGtiviti¢s ar¢ reviewed below. Significant actlvitl&q The Ark continues to support Christian cvangelistic and human'itarian charitable initiatives amongst the homeless and disadvantaged in the UK and abroad. Regular food parcels and a number of grants were made lo relieve hardship to several families. in the community. We participated in weekly voluntary work serving th¢ homeless, supported the welfare of people in the surrounding vicinity and ran online and in-house church services for youth and adults to advanLe Chrisiian faith. Publie beneflt The Trustees believe the activities continue to comply with Ihe Charities Act 2006 with regard to publiG benefit. The inforniation about the public beneftt provided is set out in this report Volunteer 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. Tithe5 and Offerings The organisation is run through regular voluntary gifts and offerings from individuals, known and unknown and tax retum benefits. No incom¢ was received from outside the UK. ACHIEVEMENT AND PERFORMANCE Charitable activities The Ark conducted weekly church servi¢e& on-line and in-house small group meetings, youth work and regular oUta¢h to the homeless and vulnerable adults. The Ark participated in voluntary work supporting the OneYMCA and New Hope Watford charities. providing Pastoral support, menloring. spiritual and educational training. The Ark also Served the work of other churche5 in the UK supplying resources and running activities to support their pro¥rammes of worship. The Ark conlinues lo run a Foodbank for a number of families in crisis, referrcd to the charity by local s¢hools.The Foodbank is maintaincd by voluntary contributions of labour, food items and monies from voluntary gifts and offerings.The charity has also tsken part in Food Drives at local stores to build up supplies and have been gifted a small grdnt in support of the Foodbanks, objcctives. In all th¢ activities no public funds were rais¢d by the charity, nor did any of the activit1¢5 take part outside the UK. Serious Incidents There wcrc none.
The Ark Community Church (Registered number: 06959400) Report of the Trustees for the Year Ended 31 July 2024 FINANCIAL REVIEW Income and Expenditure Overall incom¢ was £101,952 for th¢ period, an incr¢&s¢ of £14,253 on th¢ pr¢vious year. Expenditure was £93.070. resulting in a sUlUS of £8.882 for the year. R¢s¢rv¢5 ptslicy The policy is to keep a minimum of two months of primary expenditure on hand. Th¢ Trustees recognise that the reserves in hand. whilst still significant, will provide cover for losses for a lirnited time only. A gum of £ l 0,000 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 salaries beyond that time. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng doeumenl I'he 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 Th¢ power of appointing new Trustees is vested in the Trustees, who must take into a¢¢ount the skills rnix and balaTJre of the Board as a whole. Indllctlon 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 rexeive training and updates every three years about Safeguarding protocols from the Designated Per50n. Rlsk m8nAgement 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 nurnber 132161 Reglstered offlee 5 Bulterwick GaTSton Watford Hertfordshire WD25 9SD Trustees MsNBDyett Ms S Clark Mrs J Evans Resigned 16 august 2024 Mr N Sparks Mr J Gardn¢r Mrs J Nielsen llh
The Ark Community Church (Registered number: 06959400) Report of the Trustees for the Year Ended 31 July 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent ExAminer tAnham and Company Limited Chartered Accountants 9 Great Chest¢rford Court London Road Gat ChesterfoTIL Essex CBIO IPF Bankers Santander Bank, Bootle, Merseyside M¢tro BanK London, WCIB SHA 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 stateinenls in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law Tequires the truslees to prepare financial statements for each financial year which givc 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 thai 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 estimales 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 busines5. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable Goinpany 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 Lharitable company and hence for thking reasonable steps for the prevention and detection of fyaud and oth¢r irregularitie5. Approved by order ofthe board oftrustees on tkfji )1 Gc6m g& l * and sign¢d on its behalf by: Ms N B Dyett - Trustee
The Ark Community Church (Registered number: 06959400) Report of the Trustees for the Year Ended 31 July 2024 Independent examiner's report to the trustees of The Ark Community Chureh ('the Company,) I report to the charity tNstees on my examination of the accounts of the Company foT the year ended 31 July 2024. Responsibilitles 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 pr¢paTation 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 requiTed to be audited under Part 16 of the 2006 Act and are eligibl¢ for independ¢nt examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under SeKtion 145(5) (b) of the 201 l 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 m¢ cause to b¢lievc.' accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records; or the account5 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 th¢ accounts have noi 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 a¢ross 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 lo b¢ reached. Andrew Ireland FCCA Lanham and Company Limited Chartered Accountants 9 Great Chesterford Court London Ri)ad Great Chesterford Essex CBIO RPF Dated: 9 December 2024
THE ARK COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JUL Y 2024 Unrestricted funds Restrlcted funds Total 2024 Total 2023 Nots$ Incoming resources from generated funds Voluntary income Investment income 93,830 1,621 6,501 100,331 1,621 87,201 498 Total incoming resources 95,451 6.501 101.952 87,699 Resources expended Charltable activities Advancement of the Christian Faith 86,494 6,576 93,070 82,978 Total resource8 expended 86,494 6,576 93,070 82,978 Net 5ncomingl(outgolng) resources before transfern 8.957 175) 8,882 4.721 Gross transfers belween funds Net Incomol(deficit) for the yoarl Net movement in fund8 8,957 (75) 8,882 4,721 Fund balanS at 1 August 2023 45,421 75 45,496 40,775 Fund balances at 31 July 2024 54,378 54,378 45,496 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. Sums received previously under the category Charitable Activities are donations which have been passed through Stewardship and are therefore now included in Voluntary Income above.
THE ARK COMMUNITY CHURCH BALANCE SHEET ASAT31 JULY2024 2024 2023 Notes Fixed assets Tangible assets 970 Current assèts Debtors Cash at bank and in hand 10 5.417 50,624 6,177 42,661 56,041 48,838 Credltors: amounts falllng due withln one year 11 (2,507) (4,312) Net current a8s8ts 53,534 44,526 Total assets less current liabllltles 54,378 45,496 Income funds Restricted funds 12 75 Unrestricted funds 12 54.378 45,421 54,378 45,496 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts. The trustees, responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing aocounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the fi'nancial year in accordance with requirements of sections 394 and 395 and which othemise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts have been prepared in accordance wth the provisions applicable to companies subject to the small companies, regime. The accounts were approved by the Trustees on Ms N B Dyett- Trustee
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JUL Y 2024 ACCOUNTING POLICIES Basis of preparlng the financial ststements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordan 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} {effeGts've 1 January 2019),, Financial Reporting stsndard 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 unrtaIntieS that would cast doubt on the charity's ability to conts'nue as a going concern. Income All income is recognised in the Statement of Financial Activities once the Gharity 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. Expendlturo 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 tto conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tanglble flxed assets Depreciation is provded at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Conputer equipment 1 Ooh on cost 20 % on cost 33 % on cost Tangible fixed assets costing more than £250 are capitalised and included at cost including any incidential expenses of acquisition. Taxation The charity is exempt from corporation tax on its charitable activities.
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JUL Y 2024 Accounting policies (continued) Fund accountlng 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 liabitities 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 ariving at the operating result. Penslon costs and other post-retlrement 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. Financlal Instrumont8 Financial assets and liabilikn'es are recognised when the company becomes a paty 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 can in hand and at bank and short-tenn deposits with an original maturity date of three months or less.
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JUL Y 2024 Voluntsry income Unrestrlcted funds Restricted funds Total 2024 Total 2023 Tithes, offerings and gifts 93,830 6,501 100,331 87,201 Tithes. offerings and glfts: Unrestricted funds.. Tithes, offerings and gifts Income tax reclaimable 83,353 10,477 68,298 9,666 93.830 77,964 Restricted funds.. Tithes, offerings and gifts Income tax reclaimabl8 5.615 886 8,752 485 6,501 9,237 Investmont Income Interest receivable 1.621 498 Total resources expended Staff Depreclatlon costs Other costs Grant fundlng Total 2024 Total 2023 See also note: Charltable actlvltles Advancement of the Christian Faith Activities undertaken directly Grant funding of activities 61,853 275 14,411 76,539 68,564 16,531 16.531 14,414 61,853 275 14,411 16,531 93,070 82,978
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JUL Y 2024 Actlvities undertaken directly 2024 2023 Other costs relating to advancement of the Christian faith comprise.. Rent Social events and catering Telephone and Internet Printing, postage and stationery Insurance and liTrnces Travel and subsistence Literature and training IT costs Hospitality and outreach Conferences and meetings Safeguarding anf other fees Bank charges Independent examiners fee Accountancy and legal fees Sundry expenses 6,580 235 5,885 147 498 156 861 3,405 168 639 608 431 690 149 750 534 473 201 1,061 2,624 154 235 331 619 135 810 520 906 14,411 15,394 Grants payable Grants to institutions Grants to individuals Total 2024 Total 2023 Advancement of the Christian Faith 2,816 13,715 16,531 14.414 2.816 13,715 16,531 14,414 Restricted Grants Unrestricted Grants 6,576 9,955 9,258 5,156 16,531 14,414 Grants to institutions lating to advancement of the Christian faith comprise: Eagles Wings New Hope Trust CEF Britain Hope for Justi 700 1,200 1,200 300 1.316 1,378 2,816 3,278 10
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JUL Y 2024 Trustees Trustees. remuneration paid in the year was £60,353 {2023: £51,242) One trustee was re-imbursed for expenses paid in the year in their role as an employee {2023.' 1). Expenses paid in the year, primarily travel and accommodation, totalled £2,624 (2023: £3,405) Employ888 Number of employee8 The average monthly number of employees during the year was.. 2024 Number 2023 Number Pastoral Treasurer Administration Employment Costs 2024 2023 Trust•• N Dyett Trustee J Evans Total Trust608 Other Salaries Defi'ned pension contributions Social security costs 47183 6,864 54,047 1,500 55,547 47,006 1406 4900 1,406 4,900 1.406 4,900 1,310 4,567 53,489 6,864 60,353 1,500 61,853 52,883 The trustees have delegated key management control during the period and at the date ofthis report to Ms N B Dyett. There were no employees whose annual emoluments were £60,000 or more Both trustees are employed by the charity to provide services to the charity as permitted by the Memorandum and Articles of Association. Tanglble flxed assets Net Book General and computer equipment Cost Depreciatlon Value At 1 August 2023 6,393 5,423 970 Additions Charge for the year 149 275 At 31 July 2024 6.542 5,698
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 10 Debtors 2024 2023 Income tax recoverable Debtors Prepayments and accrued income 4,685 5,435 36 706 732 5,417 6,177 11 Creditors: amounts falling due within one year 2024 2023 Taxes and social security Trade creditors Accruals 1,188 539 780 1,271 1,278 1,763 2,507 4,312 12 Movement In funds Movement in funds Incoming Resources resources expended Balance at 1 August 2023 Transfers 8alance at 31 July 2024 Unrestrlcted fund8 General fund Redundancy fund 35,421 10,000 95,451 (86,494) 44,378 10,000 45,421 95,451 (86,494) 54,378 Restrlcted funds Specific gifts fund Hardship and Foodbank 75 41 6,460 {116) (6,460) 75 6,501 (6,576) Total funds 45,496 101,952 (93,070) $4,378 The redundancy fund was established to designate funds towards possible future redundancy costs. The on the road fund was set up to support the costs of teams visiting other churches. The specific gifts fund represents monies given for specific purposes which have not yet been distributed to the relevant institutions or individu21s. The hardship and foodbank fund represents monies given to support local people in need and all donations are now considered restricted funds. 12
THE ARK COMMUNITY CHURCH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 12 Movement in funds (Continued) FOR THE YEAR ENDED 31 JULY 2023 Movement in funds Incoming Resources resources expended Balance at 1 August 2022 Transfers Balance at 31 July 2023 Unrostrlcted fund8 General fund On the road Redundancy fund 33,564 115 7,000 78,462 (73,720) (2,885) (115) 3,000 35.421 10,000 40,679 78,462 (73,720) 45,421 Restrlcted funds Specific gifts fund Hardship and Foodbank 238 8,999 (259) {8,999) 75 96 9,237 (9,258) 75 40,775 87,699 (82,978) 45,496 13 Analysls of net assets between funds Unrostricted R•strlcted fund8 funds Total Fund balances at 31 July 2024 are represented by.. Tangible fixed assets Current assets Creditors.. amounts falling due within one year 56,041 (2,507) 56,041 12,507) 54,378 54,378 14 Related party transactions Trustees and related parties made donations in the year totalling £21,506 (2023: £10,410) 15 Ultimate controlling party Throughout the period the charity was controlled jointly by its trustees. There is no overall controlling party. 13