Company Registration No. 06458814 (England and Wales) Charity Registration No. 1138101
OPERATION NOAH
DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
17/07/2023
Page 1 of 8
ON Directors' Report 2022 - Final
OPERATION NOAH
COMPANY INFORMATION
Operation Noah is a Charitable Company Limited by Guarantee and a Charity Registered in England & Wales. Its primary Governing Documents are a Memorandum and Articles of Association.
| Directors | Mrs Nicola Bull |
|---|---|
| Revd Dr Darrell Hannah | |
| Mr David Miller | |
| Ms Holly Petersen (until October) | |
| Revd Dr Martin Poulsom | |
| Mr Kevin Shang | |
| Mrs Claire Ives | |
| Mr Cameron Conant | |
| Ms Rachie Elizabeth Ross | |
| Ms Shilpita Mathews | |
| Ms Stephanie Lake | |
| Ms Hannah Malcolm | |
| Mr Paul Redfern (from March 2022 until March 2023) | |
| Appointed since December 2022: | |
| Mr Michael Oliver (from March 2023) | |
| Ms Lisa (Rebecca) Warren (from March 2023) | |
| Secretary | Mr David Miller |
| Company number | 06458814 |
| Charity number | 1138101 |
| Registered office | Romero House |
| 55 Westminster Bridge Road | |
| London | |
| SE1 7JB | |
| Independent Examiner | Mr Malcolm W Rogers |
| CEng, FBCS, FIC, ACIE | |
| Bankers | The Co-operative Bank |
17/07/2023
Page 2 of 8
ON Directors' Report 2022 - Final
OPERATION NOAH
A Company limited by guarantee
DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Directors, who are also the trustees of the Charity, present their report and financial statements for the year ended 31 December 2022.
Objects of the Company
The object of the Charity is to promote the conservation, protection and improvement of the physical and natural environment particularly with regards to climate change and global warming, in accordance with Christian principles.
Public benefit
In planning activities for the year, the board of Directors confirm that they have given due regard to the Charity Commission’s legislative and regularity requirements to comply with Section 17 of the Charities Act 2011. This report outlines how our achievements during the year have benefited the public.
Summary of Financial Position for the Year and at 31st December 2022
The Charity’s income in 2022 was £83,616 (£173,591 in 2021), and the expenditure was £160,310 (£84,737 in 2021), giving a 2022 deficit of £76,693 (£88,854 surplus in 2021). The deficit arose from the spending on the first year of a new project for which the funding had been received late in 2021. The funding for the second year of the project has been promised for the first quarter of 2023. Key figures are shown in the table:
Summary of SOFA for 2022 (2021)
----- Start of picture text -----
Total
Unrestricted Total Total
Restricted
Funds 2022 2021
Funds
£ £ £ £
INCOME
Donations 16,419 70 16,489 19,688
Gift Aid 2,464 14 2,478 1,593
Grants 1,102 62,782 63,884 150,814
Primary-purpose Trading 560 560 1,476
Interest 53 102 155 20
Other income 50 50 19
Total Receipts 20,648 62,969 83,616 173,591
EXPENDITURE
Charitable Activities 13,325 121,721 135,047 64,501
Cost of Raising Funds 682 1,369 2,051 3,661
Governance Costs 1,509 1,509 1,177
Other Support Costs 4,420 17,283 21,703 15,397
Total Expenditure 19,936 140,374 160,310 84,737
Surplus/(Deficit) 711 (77,405) (76,693) 88,854
----- End of picture text -----
17/07/2023
Page 3 of 8
ON Directors' Report 2022 - Final
Note that the Gift Aid figures for 2022 includes £428 known to have been recovered and passed on to Operation Noah by Stewardship. The equivalent figure in 2021 was not identified separately and was included in the Donations figure.
Assets and Liabilities
The Charity’s net assets decreased by £76,693 during financial year 2022, thus:
----- Start of picture text -----
Current Assets 2022 2021
Cash at Bank and in hand 68,682 145,055
Debtors 4,786 2,293
Creditors (4,983) (2,170)
Total assets less current liabilities 68,485 145,178
----- End of picture text -----
The Restricted and Unrestricted funds decreased by a total of £76,693. All fund balances were positive as at 31st December 2022.
| 1st December 2022. | |||||
|---|---|---|---|---|---|
| Closing Balance 31-12-21 |
Income | Expenditure | Surplus/ (Deficit) |
Closing Balance 31-12-22 |
|
| Total Restricted Funds | 113,434 | 62,969 | 140,374 | (77,405) | 36,029 |
| Unrestricted Funds | 31,744 | 20,648 | 19,936 | 711 | 32,455 |
| Grand Total | 145,178 | 83,616 | 160,310 | (76,693) | 68,485 |
New Project
The Charity obtained new funding at the end of 2021 for a two-year project to expand the Bright Now campaign focusing on land use and investing in climate solutions. Two members of staff were recruited early in 2022 to undertake this work.
Governance
The charity continues to operate according to the Governing Document adopted in 2020. With no requirement to hold an AGM, a Supporters Day was held again in 2022, using Zoom, to engage with and nurture supporters.
During 2022 the Trustees adopted the following new policies: Diversity, Equal Opportunities, and Environment. The Conflicts of Interest policy and Reserves policy were also reviewed during the year.
Relocation
After many years based in offices near London Bridge, shared with other Climate Change NGOs, the closure of those premises required Operation Noah to relocate in December. We were pleased to find suitable accommodation about a mile away in Romero House, alongside CAFOD and other Christian NGOs, and this has also become our new registered charity address.
Risk Management
The Trustees conducted a review of the risks faced by the charity and produced a Risk Assessment statement in 2021, which will be reviewed in early 2023.
Management of financial risks has continued to be undertaken by regular reporting of income, expenditure and fund balances. A budget for unrestricted income was agreed for 2022, and regular reporting of unrestricted income and expenditure now shows variances against budget where these may arise.
17/07/2023
Page 4 of 8
ON Directors' Report 2022 - Final
Reserves Policy
The Reserves Policy was updated and approved by Trustees at the November board meeting.
Chair’s report – 2023
In 2022, staff members were finally able to return to working in our London office, although this did not happen until late in the summer. Board meetings have continued to take place exclusively online, although there are plans to hold one board meeting a year as a hybrid meeting with most board members travelling into London, but some joining us online. With the initiation of the expansion of our Bright Now campaign, as mentioned in last year’s report, this year has seen the transition to a larger team and more diverse work, with some early successes.
In January , Julia Corcoran and Sharon Hall joined the staff of our Bright Now campaign. Their addition has allowed us to expand the scope of the campaign to include a focus on Church investment in climate solutions and Church land use. Our longstanding work on fossil fuel divestment has also continued.
Also in January , in part due to pressure from Operation Noah and other climate campaigners, the Church of England’s National Investing Bodies (NIBs) put ExxonMobil on their list of ‘restricted’ investments for failing to meet the Church’s environmental standards. Despite the restriction, the CofE’s Church Commissioners said they would continue to invest in ExxonMobil for the time being. We fully expect that the NIBs will divest this Spring from ExxonMobil.
In an open letter, organised in part by Operation Noah, and published in the Church Times in February , six bishops and 130 CofE clergy, including former Archbishop of Canterbury Rowan Williams, Revd Dr Sam Wells (Vicar of St Martin-in-the-Fields) and Revd Lucy Winkett (Rector of St James’s Church, Piccadilly), called on the Church of England’s Church Commissioners to divest from the oil giant ExxonMobil.
Prior to the UK Government’s Spring Statement and energy security strategy, released in March , 500+ UK Church leaders wrote to the Prime Minister and Chancellor calling on them to tackle the climate emergency, address the cost-of-living crisis, and stop all new fossil fuel developments. This open letter, written and organised in part by Operation Noah, was signed by 68 Anglican and Catholic bishops, including the former Archbishop of Canterbury Rowan Williams, and also challenged the Government to ‘provide financial and fiscal support for renewable energy and energy efficiency, especially solar and wind energy and the retrofitting of homes and other buildings across the UK’ – measures which would ‘reduce heating bills, decrease carbon emissions and increase our energy security’.
In May , Operation Noah organised and delivered a webinar entitled ‘The Global Church and the Fossil Fuelled Five’. The webinar explored five wealthy nations – the UK, US, Canada, Australia and Norway – that have a widening gap between their green rhetoric and their plans to expand fossil fuel production . The panel, which included writer and environmental campaigner Bill McKibben, the Revd Dr Rachel Mash (Green Anglicans) and Pastor Ray Minniecon (Indigenous Peoples’ Organisation), examined how the Church should respond.
Also, in May , at its General Assembly, the Church of Scotland called for a windfall tax on oil and gas profits, as well as calling for no new fossil fuel developments.
In June , the Methodist Church of Great Britain unanimously endorsed the Fossil Fuel Non-Proliferation Treaty at its annual conference, becoming the first major denomination in the UK to do so. The Fossil Fuel NonProliferation Treaty is a movement calling for an end to all new fossil fuel production and exploration, and for a fair, just transition to a fossil-free world.
Also in June at our online Supporters’ Event, we welcomed Svitlana Romanko, a Ukrainian environmental campaigner and lawyer, and Rt Revd Manuel Ernesto, the Anglican Bishop of Nampula in Mozambique, to speak to us on the topic ‘Alternatives to Fossil Fuelled Violence: Listening to our Global Neighbours’. The event
17/07/2023
Page 5 of 8
ON Directors' Report 2022 - Final
was chaired by Operation Noah trustee Shilpita Mathews and included a pre-recorded talk from South Africa’s Revd Dr Rachel Mash.
In a challenge to the fossil fuel industry’s dangerous expansion plans and empty rhetoric on climate, 35 faith institutions from seven countries announced their divestment from fossil fuel companies as part of July’s Global Divestment Announcement. Organised by Operation Noah, the World Council of Churches, the Laudato Si’ Movement, Green Anglicans and GreenFaith, the announcement came from institutions in Belgium, Brazil, Canada, Ireland, Italy, the UK and US. Divesting institutions included five Church of England dioceses (the Diocese of Birmingham, Diocese of Durham, Diocese of Leicester, Diocese of Newcastle and Diocese of Worcester); two Roman Catholic dioceses (the Archdiocese of Armagh and Diocese of Leeds); a Church of England cathedral (Leicester Cathedral); the Methodist Church in Ireland; two United Reformed Church Synods; 11 Catholic religious orders; the Catholic Theological Society of America; two Jesuit universities in the US (Marquette University and Loyola University, Chicago); and several local churches.
In September , Operation Noah released a report on ways to reduce and store carbon emissions that made recommendations to one of the country’s largest landowners, the Church of England. The report was also relevant to other UK Churches and Christian groups. The 16-page report, Church Land and the Climate Crisis: A Call to Action , concluded that while some positive action was being taken by Church of England institutions, Church land was contributing to the climate crisis, with agricultural land owned by the Church of England likely to create more greenhouse gas emissions than all of its church buildings combined; however, the report added, ‘there is also scope for considerable improvement if rapid and radical action is taken’. Recommendations included tree-planting, peat restoration/protection, and implementing more sustainable farming practices. A webinar launching the report included contributions from Hannah Malcolm (CofE ordinand and Operation Noah trustee); Andy Lester (A Rocha); Alan Radbourne (UK Centre for Ecology & Hydrology); and report coauthor Sharon Hall.
In November , Operation Noah released a second report, Church Investment in Climate Solutions: Financing a Liveable Future . According to this report, Churches have a vital role to play in accelerating the transition to net zero emissions. The UN estimates that religious institutions manage a combined $3 trillion (£2.5 trillion) of investments globally. We also know that if the world were to redirect the $570 billion of annual planned oil and gas investments towards renewables, this could fully finance wind and solar expansion in line with the 1.5°C goal of the Paris Agreement.
This report was released with a webinar exploring opportunities for Church investment in climate solutions. The panel included the report’s co-authors Julia Corcoran and James Buchanan, as well as Lorna Gold (FaithInvest, Laudato Si’ Movement), John O’Shaughnessy (Franciscan Sisters of Mary, Catholic Impact Investing Collaborative), Mike Sturgess (Diocese of Truro) and Stephen Trew (Church of Ireland).
In December , the heads of eight UK Churches, the Church in Wales, the Methodist Church of Great Britain, the United Reformed Church, the Salvation Army, the Baptist Union of Great Britain, Undeb yr Annibynwyr/Union of Welsh Independent Churches, Quakers in Britain and the Scottish Episcopal Church, called on Michael Gove and Rishi Sunak to stop the Cumbria coal mine in a letter organised by Operation Noah.
This year, Operation Noah was shortlisted for the ‘David & Goliath Award’ as part of the National Campaigner Awards 2022, presented by the Sheila McKechnie Foundation. The award goes to ‘individuals or small campaign groups that take on much bigger organisations and challenge vested power’. Though Operation Noah has a small staff and income, our Bright Now campaign has seen almost every major denomination in the UK divest from fossil fuels, and as of December 2022 we were able to say that well over a third of all Church of England dioceses and nearly half of Roman Catholic ones have now formally divested from fossil fuels or have pledged not to invest in fossil fuels in the future.
17/07/2023
Page 6 of 8
ON Directors' Report 2022 - Final
Acknowledgements:
We are grateful to the Franciscan Sisters of Mary (US), the Society of the Sacred Heart, Society of the Holy Child Jesus and Porticus for the grant funding we received from them during 2022. We also continue to be very fortunate in having regular donor supporters who give to the unrestricted funds that are needed to cover the ongoing running costs of Operation Noah.
-
Staff: Ruth Jarman , a founding member of the Operation Noah board, continued to serve efficiently as Operation Noah’s administrator during the past year. She has ensured that our administration continues to run smoothly and that enquiries and requests for resources are responded to promptly. Cameron Conant has continued as Communications Officer (our new governing document allowing trustees to receive remuneration for providing services to the charity). Cameron continues to do great work on social media and the newsletter. With a small team of trustees, he has undertaken a thorough revision of the website. We are very pleased that Bokani Tshidzu and James Buchanan have continued in their roles as Bright Now Campaign Officer and Bright Now Campaign Director, respectively. There were joined this year by Julia Corcoran and Dr Sharon Hall; Julia as Bright Now Campaign Manager and Sharon as Bright Now Campaign Officer. The Bright Now Team has done sterling work, as indicated in the Chair’s report.
-
Trustees : Board members continued to work extremely hard throughout 2022: Paul Redfern and Holly Peterson have both stepped down from the board in the last year. Dr Martin Poulsom continued to be responsible for oversight of the Bright Now campaign. The Treasurer, David Miller , has once again worked tirelessly throughout the year, reporting to each board meeting as well as producing an annual budget and our submission to the UK Charity Commission. Dr Darrell Hannah has remained as Chair of Trustees, with Nicky Bull continuing as Acting Vice-Chair.
-
We were delighted to welcome two new board members: Michael Oliver and Rebecca Warren both joined the board early in 2023. We continue to have a strong team of all ages and with a good spread of expertise and experience.
Impact Benefit Statement
During the year, Operation Noah has continued to reach out to Christians on the issue of climate change and to make progress in its campaign on fossil fuel divestment. It:
-
promoted its resources, including Church Land and the Climate Crisis; Church Investment in Climate Solutions: Financing a Liveable Future; Church Investments in major oil companies: Paris compliant or Paris defiant? ; Divest your Church (a guide for local churches) ; and Tenants of the King ;
-
promoted its work and publications at a number of events, including the Christian Resources Exhibition; Greenbelt and the Faith for the Climate Network meetings, as well as through developing and updating our website, regular newsletters and social media posts;
-
sought to widen its impact by continuing to collaborate with other organisations and by membership of the Environmental Issues Network and the Faith for the Climate Network; and
-
worked with key stakeholders and attended meetings with church investors to scrutinise engagement with fossil fuel companies.
Recruitment and induction of trustees
Trustees are selected on the basis of their expertise, skills and knowledge and upon the benefits that these can bring to the Charity. New trustees are briefed on the activities of the Charity by other trustees and by the staff; their attention is drawn in particular to their legal obligations under Charity Law and the Charity Commission guidance on public benefit.
The Charity has taken advantage of the small companies’ exemption in preparing the report above.
This Annual Report, and the associated Annual Accounts, were both approved at the meeting of the Trustees held on 15[th] May 2023; the Directors / Trustees in office at that date were:
17/07/2023
Page 7 of 8
ON Directors' Report 2022 - Final
Mrs Nicola Bull Revd Dr Darrell Hannah Revd Dr Martin Poulsom Mr Cameron Conant Mrs Claire Ives Ms Shilpita Matthews Ms Stephanie Lake Ms Hannah Malcolm Mr Michael Oliver
Mr David Miller Mr Kevin Shang Ms Rachie Ross Ms Rebecca Warren
This report was signed on behalf of the Directors / Trustees by:
[signed on original]
Revd Dr Darrell Hannah 17[th] July 2023
17/07/2023
Page 8 of 8
ON Directors' Report 2022 - Final
OPERATION NOAH
Charitable Company Registration number 06458814 Registered Charity in England & Wales number 1138101
ACCOUNTS FOR FINANCIAL YEAR 1st JANUARY 2021 to 31st DECEMBER 2022
ON Accounts 2022 Final (signed on original)
1 of 10
8 August 2023
Charity No 1138101
Company No 06458814 Annual accounts for the period 01.01.22 To Period end date 31.12.22
Charity Name Operation Noah Period start date
Section A Statement of financial activities
| Guidan ce Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Income and endowments from: Donations and legacies Charitable activities Net income/(expenditure) Transfers between funds Recommended categories by activity Income (Note 3) Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Net movement in funds Total funds brought forward Charitable activities Separate material expense item Other Total Net income/(expenditure) before tax for the reporting Net income/(expenditure) after tax before investment Other trading activities Investments Separate material item of income Other Total Raising funds Total funds carried forward |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 20,035 62,867 560 0 53 102 |
Total funds Prior year funds £ £ F04 F05 |
|---|---|---|
| 82,902 172,094 560 1,476 155 20 |
||
| 20,648 62,969 |
83,616 173,591 |
|
| 682 1,369 13,325 121,721 5,928 17,283 |
||
| 2,051 3,661 135,047 64,501 0 0 23,212 16,574 |
||
| 19,936 140,374 |
160,310 84,737 |
|
| 711 -77,405 |
-76,693 88,854 |
|
| 711 -77,405 |
-76,693 88,854 |
|
| 711 -77,405 |
-76,693 88,854 |
|
| 0 0 |
||
| 0 0 |
||
| 711 -77,405 |
-76,693 88,854 |
|
| 31,744 113,434 |
||
| 145,178 56,324 |
||
| 32,455 36,029 |
68,485 145,178 |
Section B Balance sheet
| Guidan ce Note Fixed assets B01 B02 B03 B04 Total fixed assets B05 Current assets B06 B07 B08 B09 Total current assets B10 B11 Total current liabilities Net current assets/(liabilities) B12 B13 B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22 Creditors: amounts falling due after one year Endowment funds (Note 27) Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Creditors: amounts falling due within one year Total assets less current liabilities Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 |
Total this year Total last year £ £ F04 F05 |
|---|---|---|
| 2,036 2,750 30,610 38,072 |
4,786 2,293 68,682 145,055 |
|
| 32,645 40,822 |
73,467 147,348 |
|
| 4,983 2,170 |
||
| 190 4,793 |
||
| 190 4,793 |
4,983 2,170 |
|
| 32,455 36,029 |
68,485 145,178 |
|
| 32,455 36,029 |
68,485 145,178 |
|
| 32,455 36,029 0 |
68,485 145,178 |
|
| 36,029 32,455 |
0 0 |
|
| 36,029 113,434 32,455 31,744 |
||
| 32,455 36,029 0 |
68,485 145,178 |
ON Accounts 2022 Final (signed on original)
2 of 10
8 August 2023
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the
| Signature of director authenticating accou Signed by one or two trustees/directors o |
[signed on original] 17 July 2023 [signed on original] David Miller 17 July 2023 nts being sent to Companies House Signature Date dd/mm/yyyy n behalf of all the trustees/directors Print Name Date of approval dd/mm/yyyy [signed on original] Revd Dr Darrell Hannah 17 July 2023 |
|---|---|
Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. • and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
| If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate: |
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate: |
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate: |
|---|---|---|
| Yes No Yes No Yes No Disclosure of any uncertainties that make the going concern assumption doubtful; See Note 26 Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. 1.3 Change of accounting policy The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. An explanation as to those factors that support the conclusion that the charity is a going concern; 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). -Tick as appropriate No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). -Tick as appropriate -Tick as appropriate 1.4 Changes to accounting estimates* |
||
| |
* -Tick as appropriate | |
| reporting period (3.46 FRS102 SORP). | ||
| |
* -Tick as appropriate | |
| identified in the reporting period (3.47 FRS102 SORP). | ||
| |
* -Tick as appropriate |
Section C Notes to the accounts (cont)
Note 2 Accounting policies
Accounting Policies have not changed since last year, and are shown in detail in the Accounts for 2018
ON Accounts 2022 Final (signed on original)
3 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 3 Analysis of Income
----- Start of picture text -----
ANALYSIS FOR CURRENT FINANCIAL YEAR
Un-restricted Restricted Endowment
Analysis of funds income funds funds Total funds
income £
Donations and legacies: Donations and gifts received directly 12,407 12,407
Gift Aid 2,036 2,036
Net Donations recived via CAF/Stewardship 4,012 70 4,082
Gift aid received via Stewardship 428 14 443
Legacies
General grants provided by government/other 1,102 62,782 63,884
Membership subscriptions and sponsorships
Donated goods, facilities and services
Other 50 50
Total 20,035 62,867 82,902
Charitable activities: Primary Purpose Trading 560 560
Total 560 560
Income from investments: Interest income 53 102 155
Total 53 102 155
TOTAL INCOME CURRENT YEAR 20,648 62,969 83,616
Note 3 Income
ANALYSIS FOR PREVIOUS FINANCIAL YEAR
Un-restricted Restricted Endowment
Analysis of funds income funds funds Total funds
income £
Donations and legacies: Donations and gifts received directly 14,750 10 14,760
Gift Aid 1,593 0 1,593
Net Donations recived via CAF/Stewardship 4,908 0 4,908
Legacies 0
General grants provided by government/other 150,814 150,814
Other 19 19
Total 21,271 150,824 172,094
Charitable activities: Primary Purpose Trading 1,476 1,476
Total 1,476 1,476
Income from investments: Interest income 20 20
Total 20 0 20
TOTAL INCOME PREVIOUS YEAR 22,767 150,824 173,591
Other information:
Bright Now (Society of the Sacred Heart) Grant
Bright Now (Society of the Holy Child Jesus) Grant
All income in the prior year was unrestricted except for:
Bright Now (Fransciscan Sisters of Mary) Grant
(please provide description and amounts)
Bright Now (Porticus) Grant
Donatio
Bright Now (supporter donations)
ns
Where any endowment fund is converted into income in the
Not applicable
reporting period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior Not applicable
year amounts)
Where sums originally denominated in foreign currency
have been included in income, explain the basis on which
Not applicable
those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
A proportion of the donations received by Operation Noah is received from fundraising platforms such as CAF and Stewardship, which manage
all Gift Aid claims on these gifts and pass on the donations received, plus Gift Aid received, less an Admin Fee. Donors using these platforms to
manage their giving to multiple charities can choose to retain the gift aid claimed in their account, for distribution as they choose. They can also
opt to pay the Admin Fees. Operation Noah's accounts for 2023 show the amount of gift aid known to have been recieved by Operation Noah, net
of admin charges. The breakdown for 2022 was not obtained.
----- End of picture text -----
Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
Not applicable
ON Accounts 2022 Final (signed on original)
4 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 5 Donated goods, facilities and services
Not applicable
| Section C | Notes to the accounts (cont) | Notes to the accounts (cont) | Notes to the accounts (cont) |
|---|---|---|---|
| Un-restricted funds Restricted income funds Endowment funds Total funds £ £ 503 183 686 0 1,116 1,116 179 70 249 682 1,369 2,051 2,000 112,444 114,444 2,611 2,611 9,558 3,481 13,039 0 869 1,113 1,982 899 2,072 2,971 13,325 121,721 0 135,047 0 0 0 0 1,509 0 1,509 4,420 17,283 21,703 5,928 17,283 0 23,212 19,936 140,374 160,310 Un-restricted funds Restricted income funds Endowment funds Total funds £ 354 83 437 3,001 3,001 199 24 223 553 3,108 3,661 1,750 49,030 50,780 1,234 1,234 6,729 1,824 8,553 3,400 3,400 165 165 25 345 370 8,504 55,997 0 64,501 0 0 0 0 0 0 0 0 0 0 0 1,177 1,177 4,621 10,777 15,397 5,798 10,777 0 16,574 14,855 69,882 0 84,737 Note 6 Analysis of Expenditure ANALYSIS FOR CURRENT FINANCIAL YEAR Analysis of expenditure Expenditure on raising funds: Incurred seeking donations Incurred seeking legacies Incurred seeking grants Total expenditure on raising funds Expenditure on charitable activities Salaries & Employment costs Pension Contractor- Communications Contractor- Campaigns Events and Campaigns Advertising, marketing, direct mail and publicity Start up costs incurred in generating new Total other expenditure TOTAL EXPENDITURE CURRENT FINANCIAL YEAR Note 6 Expenditure - Previous Year ANALYSIS FOR PREVIOUS FINANCIAL YEAR Analysis of expenditure Total Material items Other Costs Governance costs Other Support costs Production of Resources Total expenditure charitable activities Separate material item of expense Expenditure on charitable activities Salaries & Employment costs Pension Contractor- Communications Contractor- Campaigns Events and Campaigns Production of Resources Other expenditure Total expenditure on raising funds Expenditure on raising funds: Incurred seeking donations Incurred seeking grants Advertising, marketing, direct mail and publicity TOTAL EXPENDITURE PREVIOUS FINANCIAL YEAR Other Costs Governance costs Other Support costs Total other expenditure Total expenditure charitable activities Separate material item of expense Total Material items |
|||
| Section C Notes to the accounts | (cont) | ||
| Extraordinary item 1 Total extraordinary items Note 7 Extraordinary items Please explain the nature of each extraordinary item occurring in the period. Description |
N/A | This year Last year £ £ 0 0 0 0 |
ON Accounts 2022 Final (signed on original)
5 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 8 Funds received as agent
Not applicable
Section C Notes to the accounts (cont)
Note 9 Support Costs
| Please complete this note if the charity | Please complete this note if the charity | has analysed its | has analysed its | expenses using activity categories and has support costs. | expenses using activity categories and has support costs. | expenses using activity categories and has support costs. |
|---|---|---|---|---|---|---|
| Support cost (examples) | Current year | Previous year | ||||
| Governance costs | ||||||
| Companies House fees | 13 | 13 | ||||
| Venue hire | 726 | 504 | ||||
| Admin costs (trustee support) | 770 | 660 | ||||
| Legal costs | ||||||
| Total Governance costs | 1,509 | 1,177 | ||||
| Other Support Costs | ||||||
| Contractor - Admin | 3,431 | 3,270 | ||||
| Contractor- Finance | 1,020 | 788 | ||||
| Rent | 8,461 | 7,680 | ||||
| Insurance | 470 | 390 | ||||
| Marketing costs | 996 | 893 | ||||
| Recruitment costs | 0 | 550 | ||||
| Training costs | 2,524 | 559 | ||||
| Office and admin costs | 2,313 | 933 | ||||
| Travel and subsistence | 2,383 | 242 | ||||
| Relocation costs | 54 | |||||
| Other expenditure | 52 | 93 | ||||
| Other Support costs | 21,703 | 15,397 | ||||
| Total Support costs | 23,212 | 16,574 |
Operation Noah has opted not to allocate its Governance and Other Support Please provide details of the accounting policy adopted for the Costs across its primary expense streams, as the total is not material, and the apportionment of costs between activities and any estimation effort would be disproportionate to the benefits of greater understanding that techniques used to calculate their apportionment. might be achieved. Governance and Other Support Costs are broken down within this note
Section C Notes to the accounts (cont)
Note 10 Details of certain types of expenditure
Note 10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and
| Total Specific Costs Independent examiner’s fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the |
This year Last year £ £ 0 0 0 0 |
|---|---|
Section C Notes to the accounts (cont)
Note 11 Paid employees
Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)
11.1 Staff Costs
| 11.1 Staff Costs | |
|---|---|
| Pension costs (defined contribution pension plan) Other employee benefits Total staff costs Salaries and wages Social security costs |
This year Last year £ £ 107,903 53,549 5,658 231 2,611 1,234 |
| 116,171 55,014 |
NB Social security costs shown above include Employers NI, but exclude Employees NI
Please provide details of expenditure on staff working for the NONE charity whose contracts are with and are paid by a related party No employees received employee benefits (excluding employer TRUE pension costs) for the reporting period of more than £60,000 Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the 44,766 charity. For specific amounts paid to trustees, see Note 28.
ON Accounts 2022 Final (signed on original)
6 of 10
8 August 2023
----- Start of picture text -----
This year Last year
11.2 Average head count in the year Number Number
The parts of the charity in which the employees work Fund-
0.03 0.1
raising
Charitable
3.0 1.5
Activities
Govern-
ance
Other
Total 3.0 1.6
Section C Notes to the accounts (cont)
Note 12 Defined contribution pension scheme or defined benefit scheme
12.1 Please complete this note if a defined contribution pension scheme is operated.
Amount of contributions recognised in the SOFA as
2,320
an expense
Please explain the basis for allocating the liability and
expense of defined contribution pension scheme All Restricted Fund expenditure, because
between activities and between restricted and post is funded by grants
unrestricted funds.
Section C Notes to the accounts (cont)
Note 13 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate
form a material part of the charitable activities undertaken.
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 15 Intangible assets
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 16 Heritage assets
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 17 Investment assets
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 18 Stocks
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
19.1 Analysis of debtors
This year Last year
£ £
Trade debtors
Prepayments and accrued income 4,786 1,593
Other debtors 700 Cheque dated Nov 21 received Jan 2022
Total 4,786 2,293
----- End of picture text -----
The current year debtors figure relates to the gift aid claimed on 2022 donations, plus a prepayment of office rent for the first quarter of 2023
ON Accounts 2022 Final (signed on original)
7 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
----- Start of picture text -----
Amounts falling due Amounts falling due after
This year Last year This year Last year
£ £ £ £
Trade creditors 4,983 2,170
Total 4,983 2,170
The current year creditors figure includes PAYE/NI relating to December payroll,
expenses payments and invoices from contractors for work done in December.
----- End of picture text -----
20.2 Deferred income
NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 21 Provisions for liabilities and charges
Section C Notes to the accounts (cont) Note 22 Other disclosures for debtors, creditors and other basic financial instruments
Section C Notes to the accounts (cont) Note 23 Contingent liabilities and contingent assets
Section C Notes to the accounts (cont)
Note 24 Cash at bank and in hand
| Other Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Total |
This year Last year £ £ 59,374 119,219 9,308 25,836 0 |
|---|---|
| 68,682 145,055 |
Section C Notes to the accounts (cont)
Note 25 Fair value of assets and liabilities 25.1 Please provide details of the charity's exposure to credit risk (the risk The charity's income comprises donations and grants plus a small amount of of incurring a loss due to a debtor not paying what is owed) , liquidity risk revenue from sales of booklets all paid before despatch, so there are no (the risk of not being able to meet short term financial demands) and debtors as such. market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the The charity's assets are held in the form of cash, so there is no liquidity issue charity is exposed at the end of the reporting period and explain how the nor any exposure to investment value fluctuations. charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, NOT APPLICABLE FRS102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.
Section C Notes to the accounts (cont) Note 26 Events after the end of the reporting period
Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
Please provide details of None the nature of the event
ON Accounts 2022 Final (signed on original)
8 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 27 Charity funds - CURRENT YEAR
27.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds
----- Start of picture text -----
Fund Fund
Purpose balances balances
Type PE, EE R
or UR * and brought Gains and carried
Restrictions forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Core Funds UR 31,744 20,648 -19,936 32,455
Bright Now R 786 124 400 1,310
Bright Now
(Society of the Sacred Heart) R 0 2,000 -2,000 -
Bright Now
(Society of the Holy Child Jesus CIO) R 10,000 10,000 -11,235 8,765
Bright Now (Franciscan Sisters of
Mary) R 11,345 44,985 -56,330 -
Bright Now (Porticus) R 90,279 5,860 -71,559 24,580
Turning up the Heat R 1,025 350 1,375
0 -
Other funds (balancing figure) N/a N/a 0 0 0 -
Total Funds as per balance sheet 145,178 83,616 -160,310 0 0 68,485
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency
----- End of picture text -----
Section C Notes to the accounts (cont)
Note 27 Charity funds - PREVIOUS YEAR
27.2 Details of material funds held and movements during the PREVIOUS reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds
| Core Funds UR Bright Now R Bright Now (S. McKechnie) R Bright Now (Society of the Sacred Heart) R Bright Now (Sisters of the Holy Cross) R Bright Now (Society of the Holy Child Jesus CIO) R Bright Now (Franciscan Sisters of Mary) Bright Now (Jesuit Fund for Social Justice) Bright Now (Porticus) Turning up the Heat R Other funds (balancing figure) N/a N/a Fund balances carried forward include assets and liabilities denominated i Fund names Type PE, EE R or UR Purpose and Restrictions Total Funds as per balance sheet* |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,832 22,767 -14,855 0 31,744 776 10 786 58 -58 0 0 5,000 -5,000 0 20,000 -20,000 0 0 10,000 10,000 442 44,985 -34,082 11,345 6,201 -6,201 0 0 90,829 -550 90,279 5,016 -3,991 1,025 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,832 22,767 -14,855 0 31,744 776 10 786 58 -58 0 0 5,000 -5,000 0 20,000 -20,000 0 0 10,000 10,000 442 44,985 -34,082 11,345 6,201 -6,201 0 0 90,829 -550 90,279 5,016 -3,991 1,025 |
|---|---|---|
| 56,324 173,591 -84,737 0 0 145,178 |
||
| n a foreign currency | Yes No |
ON Accounts 2022 Final (signed on original)
9 of 10
8 August 2023
Section C Notes to the accounts (cont)
Note 27 Charity funds (cont)
NOT APPLICABLE
Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties - CURRENT YEAR
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits - CURRENT YEAR
None of the trustees have been paid any remuneration or received any other benefits from an employment with their TRUE charity or a related entity (True or False)
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
| No trustee expenses have been incurred in CURRENT YEAR(True o Type of expenses reimbursed Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity Travel Subsistence Accommodation Other (please specify): Mobile phone costs |
r False) FALSE Current year TOTAL 0 0 £ |
|---|---|
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.
There have been no related party transactions in the reporting period (True or False) TRUE
Note 28 Transactions with trustees and related parties - PREVIOUS YEAR
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits - PREVIOUS YEAR
None of the trustees have been paid any remuneration or received any other benefits from an employment with their TRUE charity or a related entity (True or False)
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
| No trustee expenses have | been incurred in PREVIOUS YEAR(True or False) | FALSE | ||
|---|---|---|---|---|
| Type of expenses reimbursed | Previous year | |||
| £ | ||||
| Travel | ||||
| Subsistence | ||||
| Accommodation | ||||
| Other (please specify): | Mobile phone costs | |||
| TOTAL |
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
Section C Notes to the accounts (cont)
Note 29 Additional Disclosures
The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.
ON Accounts 2022 Final (signed on original)
10 of 10
8 August 2023
Independent examiner’s report to the trustees of Operation Noah (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] December, 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:
-
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 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
-
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.
Signed: [Signed on original] Name: Malcolm W Rogers, ACIE Address: 24a, Friars Walk, Tring, Hertfordshire, HP23 4AY Date: 8[th] August, 2023