**Company Registration No. 06458814 (England and Wales) Charity Registration No. 1138101** # **OPERATION NOAH** ## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **1** of **7** ## **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 (until December 2023)| |---|---| ||Revd Dr Darrell Hannah| ||Mr David Miller| ||Revd Dr Martin Poulsom| ||Mr Kevin Shang| ||Mrs Claire Ives (until November 2023)| ||Mr Cameron Conant| ||Ms Rachie Elizabeth Ross| ||Ms Shilpita Mathews| ||Ms Stephanie Lake| ||Revd Dr Hannah Malcolm| ||Mr Paul Redfern (until March 2023)| ||Mr Michael Oliver (from March 2023)| ||Ms Lisa (Rebecca) Warren (from March 2023)| ||_Appointed since December 2023:_| ||Mrs Sarah Komashko (from March 2024)| ||Mrs Rebecca MacDonald (from March 2024)| |**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| **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **2** of **7** ## **OPERATION NOAH** ## **A Company limited by guarantee** ## **DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** The Directors, who are also the trustees of the Charity, present their report and financial statements for the year ended 31 December 2023. ## **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 2023** The Charity’s income in 2023 was £157,316 (£83,616 in 2022, and the expenditure was £174,201 (£160,310 in 2022), giving a 2023 deficit of £16,885 (£76,693 deficit in 2022). The deficit arose because the trustees decided to classify a major grant received in 2023 as deferred income – see details on the next page in the Assets and Liabilities section. Key figures are shown in the table: ## **Summary of SOFA for 2023 (2022)** ||**Unrestricted**
**Funds**|**Total**
**Restricted**
**Funds**|**Total**
**2023**|**Total**
**2022**| |---|---|---|---|---| ||£|£|£|£| |**INCOME**||||| |Donations|15,188|100|15,288|16,489| |Gift Aid, claimed directly plus amount passed on by Stewardship|2,135||2,135|2,478| |Grants||136,112|136,112|63,884| |Primary-purpose Trading|1,124||1,124|560| |Conference ticket sales||1,047|1,047|| |Interest|323|1,287|1,610|155| |Other income||||50| |**Total Receipts**|**18,770**|**138,546**|**157,316**|**83,616**| |**EXPENDITURE**||||| |Charitable Activities|8,613|134,635|143,248|**135,047**| |Cost of Raising Funds|671|267|938|**2,051**| |Governance Costs|3,829||3,829|**1,509**| |Other Support Costs|8,080|18,106|26,186|**21,703**| |**Total Expenditure**|**21,193**|**153,008**|**174,201**|**160,310**| |**Surplus/(Deficit)**|**(2,423)**|**(14,462)**|**(16,885)**|**(76,693)**| **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **3** of **7** ## **Assets and Liabilities** The Charity’s net assets decreased by £16,885 during financial year 2023, thus: |**Current Assets**|**2023**|**2022**| |---|---|---| |**Cash at Bank and in hand**|**193,587**|**68,682**| |**Debtors**|**1,592**|**4,786**| |**Creditors**|**(143,579)**|**(4,983)**| |**Total assets less current liabilities**|**51,600**|**68,485**| The Creditors at the end of 2023 include the sum of £136,624 deferred income. This is grant income originally provided to fund a project extension from mid-2023 to mid-2024 which, as a result of staff sickness followed by a staff position vacant for five months, delayed the start of this work until January 2024. The grant provider agreed to the funds being retained for use throughout 2024. The trustees agreed to treat this grant as deferred income. The Restricted and Unrestricted funds decreased by a total of £16,885. All fund balances were positive as at 31st December 2023. |1st December 2023.|||||| |---|---|---|---|---|---| ||**Closing Balance**
**31-12-22**|**Income**|**Expenditure**|**Surplus/**
**(Deficit)**|**Closing Balance**
**31-12-23**| |**Total Restricted Funds**|**36,029**|**138,546**|**153,008**|**(14,462)**|**21,568**| |**Unrestricted Funds**|**32,455**|**18,770**|**21,193**|**(2,423)**|**30,032**| |**Grand Total**|**68,485**|**157,316**|**174,201**|**(16,885)**|**51,600**| ## **Governance** The charity continues to operate according to the Governing Document adopted in 2020. Minor amendments to those articles, to remove sexist wording, were agreed in 2023. The Trustees have set a timetable for the review of all polices in the spring of 2024 and extra policies - mostly in relation to HR - are being prepared. The Reserves policy was reviewed at the November meeting when the budgets were being agreed for 2024. ## **Financial Controls** The Trustees conducted a review of these at the meeting in January 2024, using the Internal financial controls for charities (CC8) template, which was revised in April 2023. Management of financial risks has continued to be undertaken by regular reporting of income, expenditure and fund balances. Budgets for 2024 for both unrestricted income and for the main projects funded by grants were prepared between November 2023 and January 2024. New templates have been drawn up for use in communicating to trustees the performance against these budgets for all funds, throughout 2024. ## **Reserves Policy** The aim of the charity’s Reserves Policy is to safeguard the charity’s activities in the event of a sudden drop in income and to provide the means to fund new opportunities that may arise, where grant funding may not be available on the timescale required. Unrestricted reserves at the end of 2023, after allocating £2k towards website development – delayed until 2024, were £28,032. This comfortably exceeds the minimum figure of six months budgeted unrestricted expenditure stipulated in the Policy - £11,000 - giving us a useful reserve to draw on for potential new projects. **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **4** of **7** All fund balances were positive at the end of 2023 and the trustees are confident that the charity remains a going concern, with funding in place already to cover approx. 80% of 2024 budgeted expenditure. Plans for 2024 include the recruitment of a fundraiser to seek grants to fund projects beyond the end of 2024. ## **Chair’s report – 2023** 2023 has been in many ways a historic year for Operation Noah with notable successes in our Bright Now campaign, as well as key changes in personnel. By year’s end, only one major Christian denomination in the UK had not completely divested from fossil fuels. As mentioned in last year’s report the expansion of the Bright Now campaign has continued with our work in impact investing and land use becoming ever more embedded. More mundanely, as in 2022, our board meetings have continued to take place exclusively online, but our staff continue to work both remotely and in the office. Although it relates to 2024, in early January we finally held one hybrid board meeting, with most board members travelling into London, but some joining us online. **February** and **March** witnessed our Lent campaign “40 Days, 40 Dioceses.” Having noticed that a total of forty dioceses in the Church of England and the Roman Catholic Church in England and Wales still held investments in oil and gas companies, we initiated a campaign, which focused on a different diocese every day. This standalone campaign kicked off on Ash Wednesday and ran until Easter. Written prayers, video messages, and facts about the devastating impacts of fossil fuels were shared online and via social media. Christians, especially members of the target dioceses, were invited to write to their bishop, to approach their local parish church about making a divestment commitment, and to reach out to diocesan financial decision makers to discuss divestment. By Easter, the number of dioceses which still held investments in oil and gas companies had fallen to 31, but divestment decisions continued to be made and by the end of the year only 11 dioceses, nine Roman Catholic and 2 Anglican, remained invested in fossil fuels. On 20th **April** , the eve of Earth Day, members of Operation Noah’s board, members of our staff and supporters joined “the Big One” march in London, in order to protest against new fossil fuel exploration, particularly in the North Sea, and to call for a transition to a sustainable, just and fossil-free world. The march was organised by Extinction Rebellion and was supported by various NGOs, including, among others, Christian Aid, Tearfund, Christian Climate Action, CAFOD, A Rocha UK, Green Christian, as well as ON. Members of our board participated in the planning of an ecumenical worship service at St John’s, Waterloo, “No Faith in Fossil Fuels,” which took place just prior to the march. This service attracted so many people from across the Christian community that the church was full to overflowing. On the day before “the Big One,” ON along with our partners, the Laudato Si’ Movement, the World Council of Churches, Green Anglicans and Greenfaith issued our most recent Global Divestment Announcement in which 31 faith institutions from six countries announced divestments representing over $2 Billion in assets under management. In the build-up to the meeting of Church of England’s General Synod in July, in mid- **June** Operation Noah helped coordinate and publish a letter to the Pension Board and the Church Commissioners, calling on them, the C of E’s National Investing Bodies, to fully divest from fossil fuel companies. The letter was written by two ON supporters, the Revd. John Nightingale and the Revd Vanessa Conant, and was signed by 226 C of E clergy, including ten bishops. Then, on the 22[nd] of **June** , ahead of the July meeting of General Synod, the NIBs announced that they were divesting from oil and gas companies, completing the divestment in fossil fuels which began in 2014. In the interval, the C of E NIBs, together with other partners in the investment community, embarked on a policy of “robust engagement” with the oil and gas companies, as well as those in other sectors, to transition to more sustainable sources of energy. While this programme of engagement witnessed some notable successes, especially with utilities and the automotive industry, it led to no substantive change in the business models and plans of the oil and gas companies. After more than eight years of challenging, prodding and encouraging the **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **5** of **7** NIBs to greater ambition, Operation Noah was finally able to celebrate the C of E’s full divestment from fossil fuels. Now, only the Roman Catholic Church in England and Wales still holds investments in fossil fuels. In **July** , we said good-bye to our intrepid campaigner James Buchanan. James had been with Operation Noah for seven years, first as Bright Now Campaigner, then BN Campaign Manager and finally as BN Campaign Director. We are much nearer our goal of seeing all the major Christian Churches in the UK divested from fossil fuels, both at the denominational level and at the regional (diocese, synod, etc.) level, in large part because of James’ efforts. **July** and **August** saw ON participation at both New Wine and Greenbelt festivals. At both, board members and/or employees manned stalls, as well as participated on panels. At New Wine, trustee Shilpita Mathews spoke on a panel. At Greenbelt, ON hosted the panel _Church Land and the Climate Crisis_ . Our Campaign Manager Julia Corcoran chaired the panel, while our campaigner Sharon Hall was, along with A Rocha’s Andy Atkins and the Anglican Alliance’s Elizabeth Perry, a principal speaker. In **October** , following the announcement that the UK Government had given the green light to the massive Rosebank oil field, 427 Christian leaders, including 20m bishops, signed an open letter to the Prime Minister, opposing the decision. The letter was written and coordinated by ON. Later in **October** , Operation Noah held our 2023 online Supporters’ Event, with three speakers reflecting on the topic, _Somewhere Good: The Climate Crisis and the Prophetic Imagination_ . Our speakers were Chine McDonald, author and Director of Theos, a Christian think tank; Revd Vanessa Elston, a pioneer priest in Southwark Diocese and a climate activist; and Revd Vanessa Conant, Rector of St Mary’s Walthamstow. Operation Noah and FaithInvest together hosted a conference, in **November** , on the theme of _Financing a Liveable Future_ at Friends House in London. The keynote speaker was FaithInvest CEO Lorna Gold. Other speakers included Mike Sturgess of the Diocese of Truro and Paul Jaffe from the Church Commissioners. About 40 people, including Church asset managers, Operation Noah trustees and others interested in Church investment, attended a day-long conference. The speeches were recorded and are now available via YouTube. In **December** it was announced Clare Fussell would be joining ON as our new Bright Now Campaign Director. Clare comes to us with wide experience, having served as Senior Stewardship Advisor and Philanthropy and Partnerships Manager for the Diocese of Bristol, after work with Christian Aid, The Climate Coalition and Traidcraft. ## **Acknowledgements:** We are grateful to the Franciscan Sisters of Mary (US), the Society of the Sacred Heart and Porticus for the grant funding we received from them during 2023. We also continue to be very fortunate in having supporters who provide donations, of which many are regular standing orders. These contribute 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. 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** , **Sharon Hall** and **Julia Corcoran** continued in their roles as Bright Now Campaign Officers and Bright Now Campaign Manager, respectively. (However, early in 2024 Julia announced her departure.) The Bright Now Team has continued to do excellent work, as evidenced in the successes in the Chair’s report. - **Trustees:** Board members continued to work extremely hard throughout 2023. Our former Chair of Trustees, and then Acting Vice-Chair, **Nicky Bull** stepped down at the end of 2023. **Claire Ives** also left **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **6** of **7** the board in November. **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 and **Rachie Ross** replaced **Nicky Bull** as Vice-Chair at the beginning of 2024. - As reported last year, we welcomed two new board members, **Michael Oliver** and **Rebecca Warren** - both of whom joined the board early in 2023 and have both made important contributions. We are delighted that early in 2024 were joined by **Sarah Komashko** and **Rebecca McDonald** . 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 was engaged in a very wide range of activities supporting its objectives, many of which are described in the Chair’s Report above. Specific benefits include substantial disinvestment by the NIBs of the Church of England and by various Anglican and Roman Catholic diocese, as well as key public communications addressed to the Prime Minister and the NIBs of the CofE. ## **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] July 2024; the Directors / Trustees in office at that date were: Revd Dr Darrell Hannah Revd Dr Martin Poulsom Mr David Miller Ms Shilpita Mathews Mr Cameron Conant Mr Kevin Shang Ms Stephanie Lake Revd Dr Hannah Malcolm Ms Rachie Ross Ms Rebecca Warren Mr Michael Oliver Mrs Sarah Komashko Mrs Rebecca MacDonald This report was signed on behalf of the Directors / Trustees by: ## _**[signed on original]**_ Revd Dr Darrell Hannah 15[th] July 2024 **15/07/2024** ON Directors' Report 2023 - FINAL (signed on original) Page **7** of **7** ## **OPERATION NOAH** **Charitable Company Registration number 06458814 Registered Charity in England & Wales number 1138101** ## **ACCOUNTS FOR FINANCIAL YEAR 1st JANUARY 2023 to 31st DECEMBER 2023** ON Accounts 2023 FINAL (signed on original) 1 of 9 15 July 24 ## **Section A Statement of financial activities** |**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
**_Total funds carried forward_**
**Recommended categories by activity**
**Income (Note 3)**
**Income and endowments from:**
Donations and legacies
Charitable activities
**Net income/(expenditure)**
**Transfers between funds**
**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|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03
17,323
136,212
1,124
1,047
322
1,287|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05| |||153,535
82,902
2,171
560
1,610
155| ||18,770
138,546|157,316
83,616| ||671
1,127
8,613
133,775
2,448
9,461
18,106|| |||1,798
2,051
142,389
135,047
2,448
0
27,566
23,212| ||21,193
153,008|174,201
160,310| |||| ||-2,423
-14,462|-16,885
-76,693| |||| ||-2,423
-14,462|-16,885
-76,693| |||| ||-2,423
-14,462|-16,885
-76,693| ||0
0|| |||0
0| ||-2,423
-14,462|-16,885
-76,693| ||32,455
36,029|| |||68,485
145,178| ||**30,032**
**21,568**|**51,600**
**68,485**| ON Accounts 2023 FINAL (signed on original) 2 of 9 15 July 24 ## **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
**_Total assets less current liabilities_**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**Deferred income (Note 20.2)**
**_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**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05| |---|---|---| |||| |||| ||1,592
29,432
164,155|1,592
4,786
193,587
68,682| ||31,024
164,155|195,179
73,467| |||6,955
4,983
136,624| ||992
5,963
136,624|| |||| ||992
142,587|143,579
4,983| |||| ||30,032
21,568|51,600
68,485| |||| ||30,032
21,568|51,600
68,485| |||| |||| |||| ||30,032
21,568
0|51,600
68,485| ||21,568
30,032|0
0| |||21,568
36,029
30,032
32,455| |||| ||30,032
21,568
0|51,600
68,485| _**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 2006.**_ _**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_ _**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_ **----- Start of picture text -----**
Signed by one or two trustees/directors on behalf of all the trustees/directors Print Name Date of approval
dd/mm/yyyy
[signed on original] Revd Dr Darrell Hannah 15 July 2024
[signed on original] David Miller 15 July 2024
Date
Signature of director authenticating accounts being sent to Companies House Signature
dd/mm/yyyy
[signed on original] 15 July 2024
**----- End of picture text -----**
## **Section C Notes to the accounts** Note 1 **Basis of preparation** ## **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 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. - 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. ## **1.2 Going concern** The accounts have been prepared on the basis that the charity continues to be a going concern, with a good proportion of unrestricted fund income arising from standing orders from supporters and the level of one-off donations fluctuating little from year to year. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies. ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). ## **Section C Notes to the accounts (cont)** ON Accounts 2023 FINAL (signed on original) 3 of 9 15 July 24 ## **Note 2 Accounting policies** Accounting Policies have not changed since last year, and are shown in detail in the Accounts for 2018 **----- Start of picture text -----**
Section C Notes to the accounts (cont)
Note 3 Analysis of Income
Unrestricted Restricted Endowment
funds income funds funds Total funds Prior year
£ £
Donations and legacies: Donations and gifts received directly 11,593 100 11,693 12,407
Gift Aid 1,592 1,592 2,036
Net Donations recived via CAF/Stewardship 3,595 3,595 4,082
Gift aid received via Stewardship 543 543 443
Legacies
General grants provided by government/other 136,112 136,112 63,884
Membership subscriptions and sponsorships which
Donated goods, facilities and services
Other 50
Total 17,323 136,212 153,535 82,902
Charitable activities: Primary Purpose Trading 1,124 1,124 560
Conference ticket sales 1,047 1,047
Total 1,124 1,047 2,171 560
Income from investments: Interest income 322 1,287 1,610 155
Total 322 1,287 1,610 155
TOTAL INCOME 18,770 138,546 157,316 83,616
Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
Not applicable
Section C Notes to the accounts (cont)
Note 5 Donated goods, facilities and services
Not applicable
**----- End of picture text -----**
ON Accounts 2023 FINAL (signed on original) 4 of 9 15 July 24 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of Expenditure** **----- Start of picture text -----**
This year Last year
Restricted Endowment Unrestricted Restricted Endowment
ANALYSIS Unrestricted funds income funds funds Total funds funds income funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations 401 232 - 633 503 183 - 686
Incurred seeking legacies - - - - - -
Incurred seeking grants - 860 - 860 1,116 1,116
Advertising, marketing, direct mail and 270 35 - 305 179 70 - 249
Database development costs - - - - - - - -
- - - - - - - -
Total expenditure
671 1,127 - 1,798 682 1,369 - 2,051
on raising funds
Expenditure on charitable activities:
Salaries & Employment costs 111,737 - 111,737 2,000 112,444 - 114,444
Pension 3,029 - 3,029 2,611 - 2,611
Contractor- Communications 7,626 4,409 - 12,034 9,558 3,481 - 13,039
Contractor- Campaigns - - - -
Events and Campaigns 988 14,016 - 15,004 869 1,113 - 1,982
Production of Resources 585 - 585 899 2,072 - 2,971
Other expenditure - - - - - - - -
Total expenditure on
8,613 133,775 - 142,389 13,325 121,721 - 135,047
charitable activities
Separate material item of expense
Legal costs 2,448 - - 2,448 - - - -
- - - - - - - -
Total Material items 2,448 - - 2,448 - - - -
Other
Governance costs 1,381 - 1,381 1,509 - - 1,509
Other Support costs 8,080 18,106 - 26,186 4,420 17,283 - 21,703
- - - - - - - -
Total other expenditure 9,461 18,106 - 27,566 5,928 17,283 - 23,212
TOTAL EXPENDITURE 21,193 153,008 - 174,201 19,936 140,374 - 160,310
**----- End of picture text -----**
**Section C Notes to the accounts (cont)** ## **Note 7 Extraordinary items** There were no extraordinary items to report ## **Section C Notes to the accounts (cont)** ## **Note 8 Funds received as agent** No funds were received by the charity acting as an agent ## **Section C Notes to the accounts (cont)** ## **Note 9 Support Costs** |**Support cost categories**|**Current year**|**Previous year**| |---|---|---| |Governance costs||| |Companies House fees|13|13| |Venue hire||726| |Admin costs (trustee support)|868|770| |Legal costs|2,448|| |Independent Examination fees|500|| |**Total Governance costs**|**3,829**|**1,509**| |Other Support Costs||| |Contractor - Admin|6,644|3,431| |Contractor- Finance|415|1,020| |Rent|11,500|8,461| |Insurance|325|470| |Marketing costs|1,218|996| |Recruitment costs|498|0| |Training costs|400|2,524| |Office and admin costs|1,166|2,313| |Travel and subsistence|3,477|2,383| |Relocation costs|385|54| |Other expenditure|157|52| |Other Support costs|**26,186**|**21,703**| |**Total Support costs**|**30,014**|**23,212**| Operation Noah has opted not to allocate its Governance and Other Support Costs across its primary expense streams, as the total is not material, and the effort would be disproportionate to the benefits of greater understanding that might be achieved. Governance and Other Support Costs are broken down within this note ON Accounts 2023 FINAL (signed on original) 5 of 9 15 July 24 **Section C Notes to the accounts (cont)** **Note 10 Details of certain types of expenditure** **Note 10.1 Fees for independent examination of the accounts** **This year Last year** 500 0 **Section C Notes to the accounts (cont)** **Note 11 Paid employees** |**Pension costs (defined contribution pension plan)**
**Other employee benefits**
**Total staff costs**
**11.1 Staff Costs**
**Salaries and wages**
**Social security costs**|**This year**
**Last year**
**£**
**£**
107,197
107,903
5,400
5,658
3,029
2,611
115,626
116,171
costs include Er NIC, but exclude Ee NIC
| |---|---| There were no staff members working for the charity whose contracts are with and are paid by a related party No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 The total amount paid to key management personnel (includes trustees and senior management) for their services to the charity, was £63,066 * * The costs shown here are for the salaries (plus Er NIC and Er Pension) of both the Campaign Director and Campaign Manager. The Campaign Director spent most of the first half of the year on sick leave or working part time, then resigned. The Campaign Manager covered some of the Director's dutes for much of the year. |**Fund-raising**
**Charitable Activities**
**Total**
**11.2 Average head count in the year**
**The parts of the charity in which the employees work:**|**This year**
**Last year**
**Number**
**Number**
0.02
0.03
3.0
3.0| |---|---| ||3.0
3.0| ## **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 an expense:** **----- Start of picture text -----**
£3,029 *
**----- End of picture text -----**
* This is all allocated to restricted fund expenditure because the staff members' posts are all funded by grants for the projects they are working on. **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** The charity has not made any grants or donations which in aggregate form a material part of the charitable activities undertaken. **----- Start of picture text -----**
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)
**----- End of picture text -----**
**----- Start of picture text -----**
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
19.1 Analysis of debtors This year Last year
£ £
Trade debtors
Prepayments and accrued income 1,592 4,786
Other debtors
Total 1,592 4,786
**----- End of picture text -----**
The current year debtors figure relates to the gift aid claimed on 2023 donations. The prior year figure, included gift aid on 2022 donations, plus a prepayment of office rent for the first quarter of 2023 ON Accounts 2023 FINAL (signed on original) 6 of 9 15 July 24 **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** ## **20.1 Analysis of creditors** |**20.1 Analysis of creditors**|| |---|---| |**Trade creditors**
**Accruals and deferred income**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
6,955
4,983
136,624
0
**Amounts falling due within**
**Amounts falling due after**| ||143,579
4,983| The current year creditors figure includes PAYE/NI relating to December payroll, expenses payments and invoices from contractors for work done in December. ## **20.2 Deferred income** |**This**|**Year**|**Last**|**Year**|| |---|---|---|---|---| |Porticus|136,624|-||0| We received a grant from Porticus in the summer of 2023, which the funder stipulated was to be used by mid 2024. As a result of staff sickness and a post unfilled for five months, a grant from the same funder received earlier in 2023 to be used by late 2023, was used up more slowly than anticipated. The funder subsequently agreed that the summer 2023 grant could be used wholly in 2024 |**_Movement in deferred income account_**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
**Balance at the start of the reporting period**|**This year**
**Last year**
**£**
**£**
0
0
136,624
0
0
0| |---|---| ||136,624
0| **Section C Notes to the accounts (cont)** **Note 21 Provisions for liabilities and charges** NOT APPLICABLE NOT APPLICABLE ## **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** NOT APPLICABLE ## **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**
**£**
**£**
185,983
59,374
7,603
9,308
0| |---|---| ||193,587
68,682| **Section C Notes to the accounts (cont)** ## **Note 25 Fair value of assets and liabilities** ## **25.1 Exposure to credit risk, liquidity risk and market risk arising from financial instruments to which the charity is exposed at the end of the reporting period:** The charity's income comprises donations and grants plus a small amount of revenue from booklet sales all paid before despatch, so there are no debtors. The charity's assets are held in the form of cash, so there is no liquidity issue nor any exposure to investment value fluctuations. ## **25.2 Change in the fair value of basic financial instruments (debtors, creditors, investments) measured at fair value through the SoFA that is attributable to changes in credit risk.** Not applicable ## **Section C Notes to the accounts (cont)** ## **Note 26 Events after the end of the reporting period** No events, requiring adjustment to the accounts, have occurred between the end of the reporting period and the authorisation of the accounts ON Accounts 2023 FINAL (signed on original) 7 of 9 15 July 24 **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** ## _*** Key: R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds**_ **----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE R or UR * Purpose and Restrictions brought Gains and carried
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Core Funds UR 32,455 18,770 -21,193 30,032
Bright Now R 1,310 403 -1,310 403
Bright Now (Society of the Sacred Heart) R 2,000 -2,000 0
Bright Now
(Society of the Holy Child Jesus CIO) R 7,438 -7,438 0
Bright Now (Franciscan Sisters of Mary) R 1,327 47,959 -34,009 15,277
Bright Now (Porticus) R 24,580 88,172 -108,251 4,500
Turning up the Heat R 1,375 13 1,388
0 0
Other funds (balancing figure) N/a N/a 0 0 0 0
Total Funds as per balance sheet 68,485 157,316 -174,201 0 0 51,600
**----- End of picture text -----**
None of the fund balances carried forward include assets and liabilities denominated in a foreign currency ## **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** ## _*** Key: R - restricted income funds, including special trusts, of the charity; and UR - unrestricted funds**_ |Core Funds
UR
Bright Now
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)
R
Bright Now (Jesuit Fund for Social
Justice)
R
Bright Now (Porticus)
R
Turning up the Heat
R
**_Other funds (balancing figure)_**
**N/a**
**N/a**
**Total Funds as per balance sheet**
**Fund names**
**Type PE, EE R or**
**UR ***
**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
31,744
20,648
-19,936
0
32,455
786
124
400
1,310
0
2,000
-2,000
0
0
10,000
10,000
-12,562
7,438
11,345
44,985
-55,003
1,327
0
90,279
5,860
-71,559
24,580
1,025
350
1,375
| |---|---| ||145,178
83,616
-160,310
0
0
68,485| None of the fund balances carried forward include assets and liabilities denominated in a foreign currency ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds** In last year's acocunts £1,326.90 expenditure had been recorded against the wrong funder, so the prior year figures reported here have been adjusted from what was published last year. **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties - CURRENT YEAR** ## **28.1 Trustee remuneration and benefits paid in the current year** |Cameron Conant
Governing document, clause
6.2.1
**Name of trustee**
**Legal authority (eg order,**
**governing document)**|**Remuneration**
**Pension**
**contribution**
**Redundancy**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
12,667
12,667
**Amounts paid or benefit value**
**Current year**| |---|---| In addition to trustee duties, performed on a voluntary basis, the trustee has provided Communicatons services the the charity as a freelance contractor. ON Accounts 2023 FINAL (signed on original) 8 of 9 15 July 24 ## **28.2 Trustees' expenses incurred in the current year** **----- Start of picture text -----**
Type of expenses reimbursed Current year
£
Travel 38
Subsistence 279
Accommodation
Other (please specify)
TOTAL 317
The number of trustees reimbursed for expenses or who had expenses paid by the charity 4
28.3 Transaction(s) with related parties
There have been no related party transactions in the reporting period
Note 28 Transactions with trustees and related parties - PREVIOUS YEAR
28.1 Trustee remuneration and benefits paid in the previous year
Amounts paid or benefit value
Name of trustee Legal authority (eg order, governing document) Remuneration Pension Current yearRedundancy Other TOTAL
contribution
£ £ £ £ £
Governing document, clause
Cameron Conant 6.2.1 13,725 13,725
**----- End of picture text -----**
In addition to trustee duties, performed on a voluntary basis, the trustee provided Communicatons services the the charity as a freelance contractor. ## **28.2 Trustees' expenses incurred in the previous year** No trustee expenses were incurred in the previous year ## **Section C Notes to the accounts (cont)** **Note 29 Additional Disclosures** There are no additional disclosures to report ON Accounts 2023 FINAL (signed on original) 9 of 9 15 July 24 CHARITY COMMISSION FOR ENGLAND AND WALES Indepentht examlnels report4)n the accounts Secrioi) A Indei)ei)dent ExarTiiiier's Report Report to the trusteesldlrectorsl members of Operation Noah On iccountsfor tho ￿•r2rrtled 31" December. 2023 Ch•rlty n￿. 1138101 Cornpany no.: 06458814 Srt out on pays 1109 I report to the charity trustw on my •Mmlnatlon ot th• accounts of the G)rnpanylor tho y•ar ended 31 Dec 2023. RespOn￿bIlItI•l and ba￿$ roport As th* chaTit(s trustees of the Company Iwho art also thè dlrector5 of th# eompany for thè purposes of ¢ompany lawl, you are resptsnsible forthe preparntion of the Jccount$ In •ceothnce wlth the rwulrements of Cornpanlts Aet 2TrJ61lhe 2006 Aet"l. Havini utisfi•d MY￿lf thit th• ateounts of th• Company ar• rnt r•qulrtd to bt iudlt•d for this year und•r Part 16 of the 2(M)6 Art and •r* eligible for Indep•ndent qxamin•tlon, I report in r•5P•Ct gf my •xamI￿tion of your ch•riVs a¢¢ount5 as ¢•ffi•d ou¢ und•r 5•Ction 145 of the Charltles Act 20111.lhe 2011 Arfl. In Carryi￿ out my •X•fnin•tion, I hav• followed the Directions 8i¥en by th• Charily CommlssSon lund•r s•ction 14515llbl of th• 2011 ACL I hav• compl•t•d my èxarnimtion. I confim that no m)t•ri•l matlers have ￿￿r* to mv •tt•ntion whlch lives m• uuse to belleve that.. . actountir¥ r•cords W•f• not k•pt in accortlanc• wlth wction 386 of th• Q>rnpanl•s Act 2C>J6; or . the accounts do not accord wlth such recoTd5; OT the a¢¢ounts do not comply wlth r•I￿ant accountrni roqulr•ments under sertlon 396 of the Companies Act 2{￿ other than •ny requirement t￿t t￿ accounts glve a'true and f•lrf vlew whlch Ss not è matter ¢onsid•rpd as part of an independent examlnatlon,. or •thè atcounts ha¥• not been prepared in accordènca with the Charltles SORP IFRS1021. Indèpthdent examlner's $tatemeni I ￿v• no corK•rns and ￿¥* com• •cross no ￿t￿r m•tt•rs in ¢onn•ction with th• exarninatlon to which attentlon should be drawn in this report in ord•r to •nabl• a prop•r undErstsnd4ng of the icrounts to ￿ rEached. Siin•d: Datr: Namw. Malcolm W R¢)8ers, 24a, Friar5 Walk, Tri¥% HP23 4AY Relevant professioMI ACIE IER October 2018