Company re8iStration number.. 07564773
Clwtty registration tyuYDbw. 1141690
The Ark Association
{A ￿n)patty ]imit¢d by guar1￿)
Ann￿[ Report and Financial Staterc£nts
for th¢ Yw End￿ 31 March 2025
Mrs Sara P￿eY
AIMS Accountsnt5 for Business
9 Church Street
Rutland
LEI 5 7JE

The Ark Asso¢iatioJ)
Contents
Refe(ence and Administrative Details
TnL#ees' R¢pon
2to7
StsMi¢ni of Tn￿te¢s. RespoDsibilities
9tolO
Sr#*trJ¢ttt of Fiuan¢ia] A¢tiYities
Balajre Sb¢et
12
N4ltcsto thr Fin3nriol Stst¢mts
13to22

The Ark Association
Reference and AdmiDistrative Details
Trustees
C M¢Grory
N Cowling
M Foort
L Trevoi (resw 15 April 20241
L Starkey
S J Davis
Princip81 Offite
do Oakh8m C of E School
BuTley Ro8d
oak￿￿Th
Rut]aud
LE15 6GY
Company ReglJtrntioJL Number
07564773
Charlty ReOstr#tiox Number
l L41690
Solleltors
Freeth Cart￿Tight LLP
CuDknerland Court
80 Mount Streft
NottingIL￿ll
NGI 6HH
Independent Ewmfjmer
MTS Sarn Pa&8ey
AIMS A¢¢ounts#ts for Bu8lDess
9 ch￿￿￿ Street
Langhwn
Rutland
LE15 7JE
Page I

The Ark Associatiol)
Trustees, Report
The ￿￿¢$. who 8r¢ dire¢tor8 for thc purposes of company low, pr¢sent the annual re￿rt together with th¢
fiwrKial stst¢r*nts of the charitable cowa￿Y for th¢ year ended 3 1 March 2025.
TTh*e5
C M(Grory
M Foort
L Tr¢vor (resi8ned 15 April 2024)
L Sr&¢y
S J D&vi$
ch￿,5 Obbe¢tlves Ind Alms
Oble¢tlv¢s:
As set out iJ the Articl¢s of Association the chaLIty's objectives IObj¢¢ts) are specifically 1&8tricted to the following..
Toadvat)ce education. in particular. th¢ edu¢4ti(pn of ¢hildren below COryJu]sory school age and to proV￿e faci]itie8
fordll.ld￿ll of s¢hi>ol age during out of s¢hool hour5 and sGhool holidays itt¢ludinti (but not lirnited tol..
- Prowidin8 safe and satisfying grnup playy in which partnts have th¢ righ¢ to ¢ontribute
- En(ourabring oth¢r clwit8ble activiÈies through whi¢b pAr¢nts may belp the ckildren and organisation
- Futhring the of the Pre-school tean)ing Alliance (or any succ¢550r organi5atiortl
A fiwth¢r PriTnary ob)'¢ctiY¢ of the charity is kn provide affoidable ebildcare for all.
The Ark As$ttiation recogllssc5 Ib￿ worksng in partttership with parents is of major vdlue and in4JOrts￿C¢. enabliJJ8
it ￿ provide & happy, caring and st3bl¢ environment for childrell and their paret)ts. The Ark aims to fornl good
relats'ottslLiPS with p4r¢nts $0 ll)f0M￿tiOll regarding tb¢LT thilth¢n (b¢ it developm¢ntal, social or h¢alth ￿?#1￿}
¢ank ¢x¢hanged easily alld comfortably by both parents and staff.
Pagc 2

The Ark Association
Trnstee5' Report
The aiD]s of the At* in¢lude the followiThg.'
- To offer bigh stattdards of &lU¢ati0￿ Stirnutation a￿d fim withill A relaxed but structhred ¢nviTonm¢llt tn
partn¢T5hip with parents.
- To provide all chl'ldren with a brogd and balanced l¢aming etsvironment that is conmjttted to the integration of
hildren with speLial needs. The philosuphy 15 that all clu'ldren'with orwithout sp¢¢ial Deed5' $ILould have the
opponunity to devclop to their full poitnlial alongside other children in an educatiojjal ellvintuDertL
- To work within guidelin¢s for S￿¢14] ￿UCatiOnal nee(L8 set out in the 2(101 Code of Pr&eticc insofar as th¢y to
stlate to pre-school s¢ttings.
The curric￿]u￿ is based on sevell area8 ofkwwiedge a]Ml enquiry Ihat form thc basis of education at every 51ag¢.
The Foulhlation Stage IE&rly tt4ming Goal8) lisi these as..
-p¢rsonaJ and 50cia] and eniotional developts￿l
- nuthen￿a¢S
- physical developJJwit
- ¢xpr¢s$iYe arts and de51gn
- conllllu￿calion and languag¢ development
- literacy
- widwststtding the WOTld
Although th¢se play all inwrtant part iry pl8nni￿ th¢y aze notpre5Cllted to the ¢bx'ldr¢n ￿ dis¢r¢t¢ nur5¢ry subjects.
Teaching at th¢ Ark Association does not tske the fonn of instru¢iion. Rather the chil¢JreD are preseni¢d wilh A rangc
of *¢tivities from wthich they can m8k¢ their OMI choices alld learn througb pl8yifj8 ¢xploring the many
r&%ouTce8 w¢ provtd
The Ark Association will always put the needs of the ¢hildT¢n fvsL strikiDg a balallce beThve¢n car4 play and
learnill8. Our a￿￿d00t policy and joint c0rnputeris￿ asse&smenis w¢lcotnc paTents' involvement 8ive4x their
p¢xsottal knowledge of their child.
The Bothl of DirectorSnn￿teW, tjwnagers and staff are committed lo providing th¢ bc5t ￿rric¢ they can to the
hi8h¢$t standar¢ with th¢ safety and welfar¢ of ow Children being parall￿Unt
The djarr'ty operates from ttwo sitcs in Oakha￿L One 511¢ own¢d by the clmrity (Ark il whirh L5 locat¢d on Prince5S
Av¢nu¢ attd on¢ r¢ntyJ from Oakham C of E sehwl on a short-t¢m rentsl a8reement (Ark 2) being l(*atd at
Burley Road. Eadi of th¢ nurstties aLd out ofschool Clubs are the sam¢, howEvrf, each provssion its own
ique qualiti¢5 and facilities.
Str*te8ie5 for 202S126
. ro Ien]ain as a chaTirable organisation with of *lditi'onal tswt¢¢$.
. ro produee att official ts>p a]xd ¢[￿rgIng risk table kn n￿re easily ideotify risk And itE]pact.
• To allocate reserves pots 8pccifLC to etjsuring the b¢5t coutinuity of the charitable organisatio
* To enhwKe r¢ffiiitm¢nt Witb￿ The Ark so th&t wc ¢an tske M￿lMuM number5 of children each wssion.
Page 3

The Ark Association
Trnstees, Report
Pubk benetit
Th¢tr￿st￿5 confirm that have complicd with the rwuirct2)ents of se¢lion 4 of the Charities Act 2011 to bav¢
du¢]Bgard ￿ th¢ public benefit 8u]dancc publtsbed by the Chariry CoMEn]￿On for Ellg]aDd alld Wales.
A¢bkvem¢nts and perfoTrnanet over 2024125
Burley Road had their Ofited iusp¢dion in Jonuary 2025, maintaining 'good' it) 4U aw$ (Quality of educatioD,
behviow and attitud¢$, persottal development aDd l¢adtT5hip and management). This follows on the trf>5itive
a¢hiEv¢ments from Princ￿ Avenue's a150'good' grading I￿t yeArand dem0Th8kntes a consistent goodperformanv.
Ow knhg serving dedicated staff have continued to work Iwd and Jjjanagement hY4ve contiThued to work tirele$$ly in
¢wwing w¢ have n)aximised incornings and ¢valuat¢d all 0￿goIng8.
M8Ng¢ment w¢re succe&sfully able to apply for two ￿lts. one through Pav¢t5 to eTthwJce P¢iatt5$ Avenue's
outdoor area with a new wood¢n playhouse and a second. which was a govenlln¢rtl gratjt, io expand WTaparound
chikkare for Bwley Roadl Oakham C of E Primary.
Fwvhising efforts were increased this year with 2 suc¢cssful fi￿lIserS in the forni of a craft aThl coffcc TfKsrning
at PDncess avenue and a cakethakr Yale with tombola for Burley Road. This is $1)mething we will &]80 look to
futhr enhaDCC over the n¢xt y¢or.
We ￿cCeSsfullY navi8ated a rent increase for Burley Road. liasing with Rutland L¢aming Trns¢ to ¢nsw¢ we were
abic to do thi5 as a staged approaclL meaning that we were able to bAlatt¢e fin8n¢¢s easier.
Poge 4

The Ark A￿0ClI￿on
Truste￿, Report
rth4tt¢i4l revieY4
The charity reports a total surplus for lh¢ year of £32.275. This is a￿ in¢rease on the sU￿lUS of £8,749 re[￿rted lftst
yfy2r. Th¢ Ark hav¢ worked hard to maximisc in¢4xv as d¢TrrKi ha5 been high.
Total income has increased by 13Yo to £494.191. The Ark 15 Still sllw]mg with staffiTrg i5su¢s, which restricts its
ability to fvrth¢r iDGT¢a5c <￿￿pancy. Whilc it h&8 beeTh op¢rdting at ￿1] capacily, at)rtual raie bikty. h¥v¢ b¢¢n
JIecess￿ to offset n8D)g ¢osts.
Costs overall, have increased yw on yw by around 8°h ot £32,915. Staff costs make up over s￿0 of the ov¢rall
Costs of the Clwrity atNI ￿'gher n)inimum wages. htgher ocGuwcy levels arKi the importanGe of retsiDing good staff
have m¢ani that sratY¢ogts have increased year on year by £38,138 or by I IY.. The Trusteeg recognise ¢hai there is a
fin¢ balattce lo tread in tern￿ of wage costs. They need to be manag￿1 and staff used efficicmly but there is a Iollg
t¢mi cost to th¢ rkwity of losing good staff. This ycaT th¢ ¢haTity has treated stsff to o small a( Cb[l5￿5.
Due to higher occuparKy levels and ]ll"8h¢r fo￿1 ¢ost4 tbe c05t of nursery D*•ls has I￿reaSed year on year by
£1,557 to £10,091.
Offset aKdinst these iTrn5es are some redu¢tions in ¢08ts, the largest of wbich is in r¢lation io prof￿10Th#1 fees
which has reduced frotx £3,941 to NIL. This 15 b￿ause business suppon setvi¢¢s are no longerbein8 paid for, with
th¢ charity confid¢nt that they bave the pr￿¢S$eY Èn pl4¢¢ now to th> this house a[￿ in the p￿ViOuS yw thc
¢hatity was requir￿ ¢0 spend MOLW on lewdl fees in nMkiii8 chonges tts thc articles and this ¢xpenditure is
)t required on an on80itig basis.
Ill addiiioD to a r¢du¢tion in profrssional fee5 the charity has al$0 $Wh less ft￿ll¢Y in th¢ current year OJ r¢pairs and
r¢n¢wals JtKi to a c￿aIn exlent this will not r¢tJJain static year year. The Ark h&$ alsts sp¢nt less ttH>ney during
the 24125 a￿O￿AtIng period on the purcba5e of new toys attd ¢quÈpment with a £2,419 reduction h¢r¢.
(knralL the Tn￿ree$ are happy to report this surplu8. The ¢lwity n¢¢ds some reserve$ to eDabl¢ it io d¢al with larger
repr4irs or investsnents such as th¢ minibus which is kcy to Botne of the s¢tvi¢es provid
Duting the y¢ar th¢ ¢haTity a150 received £1 1.715 as a from Rud#TyJ Coutlty Council to support with the
¢Apar￿10Th of the A￿,8 wraparound ¢4Te. The tnajority of thi5 grdnt has oot b¢¢n spent #t the 315t Match and in lin¢
with the acco￿tillg policie5. this graal b&s b¢¢n def¢rrtyJ to the balance sheet and will b¢ rel¢ws¢d as th¢ lly)ney is
The charity now holds frE¢ r¢scrves of £94,824 at the balaL¢e sh¢d dat¢. This would more than cov¢r a month.
wages and overheads sityations ¢#n Change very quickly so id¢ally th¢ charity would like to hold around
£I(M),000 wbich would Cover around 3 months w28¢$ alld ov¢rheads or coyer othu Signif￿allt C08t8 arisillg.
m￿gen￿￿t contsJue to review the finaDcia15 mottthty aDd report toTrnst¢e$ tTrrte tiin¢s a ycar. BO0kkeept￿8 1$
t>ow w¢ll ¢*4bli5h¢d in Quickbooks and the TnL8t¢¢s ar¢ looking for ways to make the fiww'al reporting ev
Page 5

The Ark Asso¢i8tion
Trnstees, Report
Pollty reserves
TkfDJ5tecs have collsid¢r￿ the level of rese￿¢5 held bythe cl]arity.
T1￿ tes¢rve8 policy of the charity 15 to ￿?￿taIn llOttStr￿cted funds, which ar¢ the fr¢e teserves of the charity. at a
suffici¢Di l¢Y¢l whirh enables th¢ charity to be able to OP¢Tate in the short terni. Tk aim is to bvild up the level of
fr¥ TBservex such that it represents fithdittg $uffi¢i¢nt to cover at least three month's wag¢s It￿ hav¢ sllffi¢ient
es to fimd any sigrtificg]Jt ¢ftpktyl works aris1]
Thetytal reserves at the Year-¢[￿ date v¥¢r¢ £270,19212024- £237.921) of which an smo￿1 of £432 (2024- £507)
was ￿tId iti r¢stri¢ted fitllds. £174,941 {2024- £178,991) vms r¢pres¢nied by unrestrictrd fired &w¢ts. leavittg free
rest￿e8 of £94.824 (2024- £58,422}.
Tkn's kv¢l of re4¢tv¢$ is now suffieient to run th¢ ¢harity for 8Th)und 2.5 mottths so the TrL55toes are happy this is
in]pmving Imrt WOLdd like to hav¢ 3 months covered if possible. The trusltrs will corttinue to monito¥ thi5 and review
th¢pDiicy on a p￿lOdI( basi$.
Pl￿ for futsre period5 (AitD$ Oblt¢dv¢sl
Tbc Ark Associatiort's k¢y obj¢ctives and al￿ for the in¢lud¢ being aware of the chang￿￿g market. W¢ will
re]n￿ vigilant to th¢ ¢hang¢s in th¢ local area Ancluding many n¢w housing developments being builL new famili¢s
movillg to the area albl expanding infrasttuctwe. We will use ￿"$ Cotitinuing market re8earch to ossess what The
Ark Association is providing and eTLsure that it COTl¢itsu¢s to meet current demand5. There will tteed to be careful
rnODitorinR of how the roll out of additional gov¢ffoneni fi￿dIng will atYe¢t us both in t¢mJs of nutheis of children
andkn in t¢YnL8 of th¢ fitsgncial impact this is likely to bave.
W¢ will we re-8ddT¢&8 our cU￿¢llt r¢¢N1￿c￿ diffi¢ulti¢s by inueasing our recruithkllt drive and
adv￿liS]￿S *nore widely. Thi8 will ¢nsur¢ that we are able to meet the d¢mands tn¢t by ULtsre fattiilies moving to our
The Ark Association MaUage￿¢￿ ieam will be [ervi￿ting ol￿ business plan ￿ ensure that it is in keeping witb
chws withiTE Th¢ Ark Associatio￿ includillg staff cbang¢s and sucttssion pl8nnin8.
Alowide this. we will continue to gss¢ss our existing contracts so thai w¢ ¢an be sute we are gettitig the bcsi for
whai w¢ need. We will ￿ reviewing f￿all¢¢5 to s¢c wherc we cart ti8htcn up OT wh¢r¢ w¢ need to iuve5t rnDre attd
will continue to inv¢5t into ow strffj b¢ing awar¢ of the f]nancial lu￿11¢￿10lls, $0 we ¢8n retain our long serving
Aga]ll, we hop¢ to Cotttin￿e to raise n￿re fund5 through govermwt to eDSUTe we can rq)la¢e vital Nour¢¢s
widvn thc 8¢ttin8 and keep our environment fvlly suited to the 8rowing needs of early years ch1"1dre￿ This will
inelLQ¢ gf8nts or funding to be abk ty retsin ol replace our miTribus whicb adds to ow uoiqu¢ sellin8 point, offeriDg
swin￿8 and ovtdotsi forest sessitijjs. We will be ca￿￿llY we5sitt8 the viabilityl usc of Thc Ark minibus going
fonwds as this is being ued less but Still temaitis a finau¢i81 out8OiDg.
G•1¥ concern
TheTn￿tee5 Consider the Ark A89)¢i*ion to be a going concerJL and the ￿¢¢Xu1￿ have b¢enprepared on thatbasis.
Pag¢ 6

The Ark Association
Trustees, Report
governance and management
N#tstre of gwern54g do¢um¢Dt
The cljarity is controlled by its governing docunml, a de¢d of trus( a￿j constibjles a limited company. limited by
guarantee. as defll￿d by the Companitt Act 2006.
Re¢rui¢meTrt and appolDtment of irnstees
The dir¢rtOT5 of the compally are a]so charity trustees for the purpose of ¢harity law. Th¢ tn￿te¢S are electwj at the
Annual Getteral Meeting for a duration of two years. R¢tirin8 mistees are eligible forT￿lectiO
The AGM for 2024 took place on 25 November 2024.
The mininllmi number of dirxtors under the Article5 of A5sociatiott is 3 and th¢re are WTrently 5.
Imdu¢tion 4￿d training of ¢rustees
kny oew trustee5 and convnittee Tnetnbers are given an overview of th¢ Ark Asso¢TatiOn including detsils of the
history and background ot th¢ eharity togeth¢r with the iofonDation of the financial positiotL In addition, new
trusttcs 4rc provided Mryth copies of the Ch8rity Commi$3ion guidaTtt booklet The Es%ntial Trustet.. AD
Intyodu¢tion' and The E￿lltial T￿￿te¢.. What you nced to kDOW.
org4￿1￿11(*￿lj struetsre
During 2024125, th¢ directorsltrLkStee5 h￿1 board Tr£etings at le&st once a terni.
Major rlsks attd tn*ttig¢m¢nt of th05¢ risks
The Tru5tee5 tLav¢ a duty to identify aDd rtview the risks io whiL'h the clwity 1$ ¢xptssed atMI to ¢Tkwr¢ appropriate
controls art in ploce ty provid¢ msollthblc 8$SUTa￿C against fraud and error.
The Ark is making Steps to ensure risk factors are reguloyly revi¢wed. Th¢ ¢urr¢nt irnTtL¢dia¢¢ risk faGtor5 consi(kred
include recruitment and r¢t¢ntion of staff as well as govenkment atMI local authority fundiDg rdte$ which hav¢ a
s]￿lfi¢llnt impart on th¢ settintys fiDancial smtss.
Fwther ¢nh8ncement to Top & Emergjng Ri&ks are beftng d¢Velop￿ in 2024125.
Th¢ atlT¢ual r¢pon WJS 8pprovedby th¢ trustees of the charity OD IONovetDber 2025 and signed on its behalf by:
M Foort
Tnts*e
Page 7

The Ark Associatlon
Ststement of Trustees, Responsibilitles
Thet[￿Slees (who are also the directors of The Ark A550¢iation foT the puw0￿$ of ¢ompatxy lawl arerespojjsible for
preparing th¢ trustees, report atKi th£ finatscial 5txtements in accordance with the Unitcd Kingdom Accounting
Stsrthtrds (United Kingdom Gen¢rally A¢¢epted Accounting Practice) and applicable law and regulatLODS.
Cowy law requires the ￿￿te¢S to prepare fuJanci815tstetncnts for ra¢b fjnalltial year. Utder company law the
trustccs ￿0¢ approve the financial s¢aterry¢J)ts uttlegs they are satisfied that they yve a trne and fair view of the
stste of affoirs of th¢ ¢haritable ¢omp8ny And of its incomillg resources and applicalson of resouTC¢& including its
inco￿¢ and expeDditure. for thai pcriod. In pr¢pariDS th¢s¢ financial 51atements, the tthjstees aTe required Èo..
srled suitable airounling pulA¢ies and apply th¢m coosistently.
(the￿¢ the m¢thods athd princLple$ the Ch8rities SORP.
JudBem¢Dts atmj esÈirn&t¢5 that are r¢astsDable attd prudent"
dte Trthther applicable UK A¢couDtiTJg Standards have b¢¢n follow¢d, subject to any t)Jat¢rial d¢paEbJres
¢Istlos¢d aDd expl4iDcd in the ftstsncial ststcments" and
rq>are the f￿￿￿la[ 5tateTrKnts on th¢ goitig ¢on¢ern basis unl￿$ li is iDappropria* to presume thai the
cbaritabl¢ will ¢ontiDU¢ in busiti¢ss.
trustees are respoA8ible for keeping adequat¢ accounting re¢ord$ that are sufficient to thow and explain the
clwtsble compan￿5 tr4TlSJ¢tii)ns and dis¢los¢ with re&sonable aecura¢y at any tirne thc financial p055tion of the
¢hankbl¢ Company a￿d enabl¢ th¢m to ensure that the financid statemeDts comply with the Companies Act 211)6.
TIKY are also responsible for safeguarding th¢ ossets of th¢ clwitAble ¢otwisny athl hejjce for takin8 r¢&￿nable
sttyslor the preveniion al￿ d¢le¢tion of fravd and other irregularitie5.
Appmved bythe trustees of the eharkty on 10 Novcrnber 2025 and signd on its b¢knlf by..
MF
TnL*e
Page 8

The Ark Ay8ociation
Independent ExAminer's Report to the trustees of The Ark A$80¢i*tion
I report on the a¢COL￿t8 of the charity for tbe y¢gr ended 31 March 2025 which or¢ s¢t out on pages I I to 22 .
Respectlve responsibilities of trustees
The tw81¢¢$ Iwho are Y¢Lw the directors of the comp8ny for the pu￿05e8 of eompatty law) are responsible for the
prep*tatiOn of th¢ accounts. The trustees cotssthi that an audit iB not requited for this year under section 144121 of
the Charities Act 20111th¢ 2011 Act) and that att independent ¢xamination is needed. The Gharity's gross iDcome
exceeded £250,1)00 and J am qualifi￿ to undertakc the examination by bcing a qualified nwber tsf Ch•rteTcd
Institute of MaAag¢rn¢nt Accountsnts.
Having satisfLed myself thai the ¢harity is not subject to audit utthr company law and is eligible for indepeodent
examinatio￿ it 15 My responsibility to..
cxaminc th¢ ¥rounts und¢r.section 145 tsf th¢ 2011 Acl
to follow the procedllres laid down ￿ thc g¢Deral Directions givell by the Charity Cornmissioo uttd¢r s¢rtion
145(51(b} of the 2011 Act- and
to stst¢ wh¢th¢r particular Tnatters have come to Jny attention.
BAsAs of Independent ¢xarnther'5 report
My ¢xatnination was carried out in ac¢ordaThtt with the general Dir¢¢tsons given by the Charity Commission. An
examination includ¢$ a r¢vi¢w of the accounting records k¢pi by th¢ charity atKi a comparisott of the accounts
preseDtrd tbose records. It also includes ¢on5i&ration of any Unusu￿ items OT di8closur¢s in tk accouttts, and
se¢king explanations from you as trustees con¢¢rnitig any such matters. The pri*e(hw¢s UTLdertaken do not provid¢
all thc evidencc that would be required irl an audit aDd consequethtiy op￿1￿￿ is given as to whether the xwounts
PT¢8¢nt & 'ttue and fau view, and therepon is limited to those matters set out it) the 8tAt¢Tncnt below.
Indqbtndent tX8mineT'J itatement
In c¢)ttn¢¢tioTr with my examination, no matter has CO]￿ to njy attention..
11) which 8iV¢5 me reJ50nable cause lo believe thar in any mateTial respect the r¢quirem¢nts'.
to keep ac¢ounting records in accordance with section 386 of the CoTry>anies Act 2(XTr6" atml
. io pr¢pare account8 which ac¢ord with the acrouDlin8 record4 cotJJply with th¢ accounting I4uire￿ of
seciion 396 ()f th¢ CoTnpanies Acl 2006 attd wtth th¢ tnethods aDd principle$ of the Statcment of
ReeODM￿dtd Pra¢ti¢e.' A¢¢ouniing )￿d ReportitL8 by Chan"ties
hav¢ notbeen D￿t. or
(2) to wht¢h, trt my OPiniOT4 attention should be rfr2vm in order to enable a proper utthrststtdittg of the acc￿lts to
be reached.
Page 9

The Ark Asso¢i4tion
Independent Examiner's Report to the tru$te¢s of The Ark Associatio
Atms Accountants for Business
Ch8rtered Insiimie of Management Accountants
9 Str¢d
Rud8lld
LE157JE
IONoveDknu 2025
Pag¢ 10

The Ark AssoclatRon
StAternent of Financial Activities for the Year Ended 31 March 2025
Unduding Income and Expendffiture Aeeount Ststement of Total Reeognlsed GAlns and
L05se$}
Uur¢*trl¢ttd
funds
Restricted
Total
2025
Totsl
2024
Note
Income and Endowments from:
Donatl0115 and legacies
Clmritsble activities
Other trading activities
tnvesttnent iwom¢
Other income
I,1￿0
490,745
1.072
1,042
332
1.332
490,745
1.072
1,042
436,887
230
613
21
Total In¢ome
493,859
332
494.191
437,751
ExPeDdÈ￿re DJE:
ch￿itable activities
461.508
408
461.916
429,￿1
Total Expenditlwe
461,508
408
401,916
429,001
Net in¢omel{exw¥Jitur¢)
32,351
76
32,275
8,750
Nel movement ID fi￿￿8
32J51
(761
32.275
8,750
Reeon¢ili*tioM of fuDd5
Totsl ftjnds brought forv8Td
237.414
508
237,922
229,J71
Total fLttkis CArr&¢d fonvwd
17
269.765
432
270,197
237,921
All of the ¢lwity's activiti¢5 derive from contit)uin8 operations during thc obove two period5.
The fimds breakdown for 2024 is shoThm in note 17.
Pagell

The Ark Assoelatlon
(Registration number: 07564773)
Balance Sheet as at 31 Marcb 2025
2025
21124
Note
Fiied*ssets
Tawbl¢ ass¢ts
13
175,374
179,499
Current ass¢ts
14
4,103
125388
3,710
76,775
Cashatbank and inband
129,491
80.485
Credkon: dye one ye
15
{34,668
22.0631
N¢tWr￿•t A5s¢ts
94,823
58,422
NeIl￿ts
270.197
237,921
Fu* of the eharlty".
R¢strl¢t¢d
432
507
Umrestrlctsd kn¢ome funds
UJJretricted fulld8
269.765
237.414
TotHifunds
17
270.197
237,921
Forthe financial year ending 31 MaT¢h 2025 th¢ ¢harity was entstled to exemption from ¥4udit utyjer se¢lion 477 i>f
th¢ CortWWki¢S Att 2006 ￿lating to sm&ll cotw?8nies.
Dirth)rs' YwibslitieB:
Tho members h2ve not required the charity to obtain an audit of its a¢wJnts for th¢ year in question i
a¢cordance with section 476,. aT¥J
Tk diT￿lOr$ acknowledg¢ their rwjwibilities for cowl)ryng with the reqUI￿n*￿ts o(the A¢t with respect to
accouw records and the preparation of #rwwits.
The% accounts have been prwred in accordattc¢ wxth the provisioDS applicable to cotDPallieS subject to the small
¢oJryMnies
The fjttatjcial 8tatement8 on pages i i to 22 were approved by the truste¢& authorised for issue on 10 NoveDkner
2025and signed on thcit behalf by..
M Ffy)rt
P8ge 12

The Ark Associailon
Notes to the Financial Ststements for the Year End¢d 31 March 2025
I Charlty $tatllS
71ae charity is fd chan.ty Itmited by 8iiaratffte and collse4vently doc5 lJOt have shaTe eapital. Ea¢b of the trust¢¢$ is
liable to ¢ontribut gn m*xmt eXec￿1ng £Nil towards the assd8 of th¢ ¢hariry in the eyent of liquidation.
Summary of 8Agnffifk8ll¢ *¢countirtg poli¢ir5 •Dd key ac￿ll￿ting estlmatts
The Pri￿¢1PaI ac¢owiting poli¢ies appli¢d in the preparation of these financial statemellts ar¢ %t out bclow. These
po]icies have be¢rL COWiW¢lltly apptsed to 811 th¢ y¢ar8 pr¢s¢ntrd, tsDiess othenwise stale
StJ¢en*nt of eothpllance
Tk finatKi31 statelljents have been prepar￿ in aceordall¢e with Ac¢oun¢ing and Reporting by tharities.. Ststemeiit
of Re￿mmettded Pr￿¢]¢¢ ¥pplic4bl¢ to chan'ti¢s prwing their accouttts irt 4¢¢ordan¢¢ with the Financial
lifportmg Standard applicable in thc UK Republi¢ of Ireland IFRS 102) (effective l January 20151- ICiwiti¢s
soItP (FRS 102)). the Financial RwrtiDg Standard applicabl¢ ITh th¢ UK and Republic of IrelaNI (FRS 102) and
the Compani¢5 Act 2006.
Ba51$ of preparatlon
The Ark Association meets th¢ defmitiott of a publi¢ bell¢fil rntity under FRS 102. A$3¢ts 2nd lith'liti¢s initially
reujgnised at historic￿ cost ortran5action value wile&8 otherwise ststed in the ielrvant accounting policy notes.
GolDg concern
The tswtees cot)sider that there are material unc¢rtainti¢s about th¢ ¢hariry'$ ability io ¢OntIt￿ as a 80ins
¢Qll¢¢rn nor 5igDificaDt arw of UDcerW that afffft th¢ Carrying value of held by th¢ charity.
Exewtlom fr(tym preparADg a t￿h fiow stAtement
TIK charity opt¢d to edrly adopt Bulkiitt I p￿lISh¢d on 2 F¢bruary 2016 ￿￿j have ther¢fO￿ not included a ¢88h
llow $tst¢mettt En th¢5e fiJ)ancial statements.
Expelldlture
All expendibJre is ffcO￿lsed once th¢r¢ is a l¢ga] or con51rnctivc obli8atiott to that exp¢nditur¢, it is probabl¢
g¢ttl¢m¢ni is reqU￿¢d and the amount catl be mea%￿red reliably. Tb¢ ¢harity has takeD advantage of the exemptio
available to 8mall¢r ¢lwili¢s to report all expe￿j11Ure L￿￿er total ext¢nditure and thAs As bmken down fi￿her in the
Doles.
Government grnDts
GoVern￿￿nt grattts ar¢ re¢oettis¢d based ott tb¢ A¢¢nwl model and ar¢ rneasuT&I St the fair va]u¢ of th¢ asset
re¢¢ived or t¢reivable. GTwJts are classified a8 relatin8 either to revenu¢ or to assets. Grauts relating to revenue are
reco￿lS¢d in income over th¢ penod it) the relotsd costs arc reco￿l8ed. Grants r¢laun8 to assets 8re
¢¢ogtiis¢d tsver th¢ expccted usefvl lif¢ of the asset. Where part of a W r¢laltng to an asset is deferred, it LS
reco￿ls¢d &8 deferr¢d in¢ome.
Page 13

The Ark Assoclation
Notes to Ihe Fin8n¢ial Statements for the Year Ended 31 March 2025
Th¢¢harity is considered ￿ pass the tests s¢t ollt itt Paragraph I Schedule 6 of the Fingnce Act 2010 and thercfore it
rn￿ts tht definiiton of a charrtsble company for UK colporation tax pwpo8¢s. A¢cordin8ly, the ¢harity 1$ poteDtially
¢X¢DVi from taxation in respe¢1 of in¢ome or ¢8Pital 8Ains received withiD categories covered by Chapter 3 Part I I
of tk CO￿￿)￿atiOn A¢t 2010 or Section 256 ot the Taxation of Chargeable Gaill5 Act 1991 to th¢ fKt¢nt that
5uckllJcom¢ or gaitts are applied ¢xclu5iv¢ly to chaTitabl¢ pwpDses.
T¥Diible fixed as5¢ts
llldiiidu81 fixed assets are initially record￿ at cosL less any subsequent accuttLul#ted depreciation and $ubsequ¢nt
aC¢u￿ulated in4)airnient losses.
DeprteAAtlon and AmortisAtIo
DepJe¢J"ation is provided on tangible fixed assets so as to writ¢ off th¢ ¢o$t or valu*ion, l¢ss any estimated residual
value, over their expected us¢fid econoJDi¢ lif¢. The property is bein8 depreciatd over the rett￿1￿]ng terni of th¢
longl¢8se whi¢h is beld on the land. The property is Classifi￿ a5 I￿￿￿0]d OD th¢ b&siy that th¢ land 1$ held
le85eAll dweciation rntes a]E show Is follows..
A55tlcl818
D¢prech&D method rAte
Depreciated straight linc over 64 y¢a
froTn 2018
D¢pre¢iat¢d straigbi IAD¢ over 64 ye&rs
from2018
150/0 baSan¢e r¢du¢ing
15•A balance reducillg
25Yo balon¢¢ reducing
Leathld pro
Itnpwv¢rn¢ttts to prop¢ty
T￿alld equipment
Offitr equipment
Motorvehicle5
TrAd¢ deb¢0
T]¥th debtors are amounts du¢ fyom Customers for Services perfonned in thtr 0rdiu￿ course of bus?ness.
Tth d¢btot5 ar¢ re¢ogttised initially 8t the trarL8action price. A provision for the illwaimJctLt of trade debiors is
e8iabli8hed when Ibere is objeetive evidencc that th¢ ¢lwity will not b¢ oble to ¢ollect 411 due 8ccordillB to
the ￿lgiD￿l teIll￿ of the re¢eivabl¢s.
C¥*h ¢•sh eqwiv￿¢tsts
C&kand ¢ash ¢qw￿leftts cojnprise casb on hand and call deposits, and Oth￿ 51y)rt-t¢Trn highly liquid inv¢5tttxents
that r¢ readily convtrtiblc to a knowj amouDt of c￿￿ and are subiect to an instgnificant iisk of ¢bAnge in valu¢.
TTadt creditts
Tra& creditors are obligations to ￿Y for goods or servi¢¢$ that h8v¢ beet) a¢quir¢d IJJ th¢ ordinary cour8e of
bwill¢ss from ryplieTS. A¢¢outtts paymble are e18ssifi&J as current liabilities if the charity do¢s Dot hav¢ An
U￿ltIOnal right, at tbe end of the T¢￿rtIng ￿riod, to def¢t $ettl¢m¢nt of the creditor foi at least hvefve tTh)nths
aftcr the reporting date. If th¢T¢ is an un¢onditional right to d¢fer s¢ttletllth for at least twelve months aftcr the
reportit)g da*. dwy presentedas non-curreni liabilities.
Page 14

The Ark As$oci•tioD
Notes to the Financial St*tements for the Year Ended 31 March 2025
$lructure
Unr&strict¢d illcome fLmd5 srrjerdl furKJs that aT¢ available foru5e at the tr￿te¢5'S di5crdion in furtherance of the
objectives of the ¢iMrity.
iiestriet¢d income fi]lld5 are those donated for wc in a particular area or for spxific purpose4 the ￿￿e of wthich is
restricted to that area or pu￿0$¢.
3 I￿•me from dotsatlOlJs #Thd kgati
Restrlcted
Total
2025
Tot8l
2024
Donatioll$ IEgacies"
Dollations from individua]s
Grants, Jncludir]g ¢apital grants.
Gov¢nMn¢tLt ￿allts
i.o(x)
332
332
332
1,332
4 In¢ome from ¢bgrlt4ble *¢tlvltl¢y
Unrestrl¢ted
Tot•1
21124
General
2025
Fe¢s- Burl¢y Road
Mi
488.899
1,846
488,899
1.846
434.595
2.292
45Yk.745
490,745
436,887
5 Illcome from other trndlng acthitir5
Unr¢strkted
funds
Tot•1
2025
Tot*1
21124
G¢n¢r81
Futhisitig events
1,072
1.072
230
230
Page 15

The Ark Association
Notes to the FlnanelAI Ststements for the Y￿r Ended 31 March 2025
6 Iwestm¢llt Ivol
Unrestrlcted
Totsl
2025
Total
2024
General
I￿￿¢s1 receivable on bank deposits
1,042
1,042
613
PA￿ 16

The Ark Asso¢iatioD
Notes to the Finr4ncial Statements for the Year Ended 31 March 2025
7 E￿endItUTe eh#rlt#blt *etlvllÉes
Tot#1
2025
Tot•1
2024
A¢tswiti¢s to fiuther the ¢lMritys obj¢ctiv¢s
Accountancy
Legal and profrs5ith￿I fe¢s
460.156
1,7((
425.523
1,758
1.721
461,916
429,002
£461,508 {2024- £428,912) of the abovc ¢x]KDdi¢ure attributsble to unrestricted funds and £408 (2024- £90) to
restri￿e￿ fvDd8.
8 f4et IncomingloulgoiAg Te5011re
Net i￿0￿1￿8 resources for the year inclwle..
2(125
2024
tkpr¢¢iation of fixed assets
6,198
6,354
Page 17

The Ark ASs￿l2tiOn
Notes to the FRn*D¢Tr¥I Slatements for the Year Ended 31 March 2025
9 Trus¢ee5 remunerntltstt *lld expenses
Duriig the year the clwity made the following transactions with tnjstees..
C MtGrory
C M(Grory r￿c1Ved reT5)unerntion of £Nil {2024.. £2.220} during thE year.
Tk ttlllunerdtiott paid to C McGrory is payttSeTLt forproviding fiiLan¢ial alld bu$i]h¢sg SUPPQrt.
As ts majority of Tn¥t¢es ￿e1Ved remutseration durin8 th¢ y¢ar authority was request¢d from the Cjjarity
CoJ]llllissiorL and the charitys article5 of a&sociation have beeli updatcd and approved OTh 28 Septernber 2023.
N Cowlin8 received rem￿tratIOn of £22,786 (2024.. £21.I201 duTin8 the ycaT.
Tk ttmuneratioll paid to N Cowlill8 is salary for her cnwloyment.
E￿p￿y¢r pension contributions of £683.64 were a180 paid by the ¢hgrity on bcbajf ofN Cowling (2024- £633.59}.
As the rnajority of Trustees received renwneration during the yw authority Vds wuested from the Charity
Conyoission and the charitys articles of association have been updated and approved otl 28 September 2023.
MFwrt
M Foort received remuneration of £28,980 (2024: £26.475) during the year.
Tkrernutterztioll paid to M Foort is salary fOrh￿ employTrÈnt.
£rnpk7yer pensioll contributions of £869.45 wete also paidby the ¢harity on behalf of M Foort12024- £794.27).
As th majority of Trustec5 received rernuntration during t￿ year authority was Tfquested from the Charity
CoDJJission aTKi th¢ chaTitys athles of association hove bttD wtht¢d and approved 28 Sept¢tnbcT 2023.
Page 18

The Ark Association
Notes to the Financi￿ S¢ateD)euts for the Year Ended 31 Mar¢h 2025
10 StAff Costs
The aggregate payoll eosts were as follows..
2025
2024
Stsff toits durlng lh¢ y￿r wtre:
Wag¢s and salaries
Social seLuriiy to$ts
Petssion ¢ost5
Other stsff costs
361,320
17.404
8,5.16
3,294
328.277
13.018
7.826
1,561
390,554
350.682
The t]Kbnthly aver&ge number of persons {includLJI8 senior maTiagem¢nt t¢am) cmployed by the ¢I￿ty duriti8 the
year wa5 as follows..
2025
2024
Nursery stsff
24
24
No employee receivedemolwnents of more thAn £60,0￿* during the year.
11 IDdependent exawJDtr's rtmuneratioA
2025
2024
Other leu to eAamiDtTS
Exan]inatioTrrel*ed ￿8VIanCe seryi¢¢s
,760
1,758
Page 19

The Ark Assoclatlon
Notes to the Finaneial Statements for the Year Ended 31 Mareh 2025
12 T•i4¢loll
Thecharity is a re￿stered charity and is therefore exempt from tsxation.
13 nxed assets
L•nd *nd
bulldlngs
Fnrnknre and
equlpment
Motor
Yehlcles
Toyg &
Eq￿1Pment
Total
At l April 2024
AddillorL8
182.914
31,418
1,477
11.994
28.067
597
254,393
2.074
At 31 March 2025
182,914
32,895
11,994
28,664
256,467
Depndatlo
Ai l April 2024
Chuy for th¢ year
At31 M￿Ch 2￿25
19,994
2.858
23,896
1,842
11.488
127
19.516
1,372
74,894
6,199
22.852
25,738
20,888
81,093
NetlKtyk value
At31 March 2025
L60,062
7,157
379
7,776
175.374
Atjl fvlarch 2024
162,920
7,522
5(NS
8.551
179,4YJ
InclDkd within the net b￿k valu¢ of lat￿ and buildings alK>v¢ is £115,447 12024 £117,508) in r¢sped of
le￿h￿Id IAnd and buildings and £44,616 (2024- £45,412) in Yewi of inwov¢ments to prow.
14 Debtor8
2025
2024
Prepl￿t5
4.103
3.710
Page 20

The Ark Associotion
Notes to the Finantial StstemeDts for the Year Ended 31 March 2025
IS Credltgrs: gmoumts f•liing due wlthln olleytar
1025
2024
Other ¢rdttor8
Acc￿ats
Ikferr￿ ltt¢)me
Dcferred ITKome
2.194
3591
17,500
11.383
1,868
2,695
17.500
34.668
22.063
16 PeththiD #nd other s¢hemes
Defjned contrlbutloll penslon scheme
Th¢ Gharity op¢rnt¢5 a ¢kfined contribution pension scheme. Th¢ pcnsion Cost dw8B for the ￿ar rw¢KJ
contributions pay8ble ty the charity to th¢ sch¢me 8nd amowited to £8,536 (2024- ll.8261
17 Funds
Intou￿ng
resources
Rt50urtes
expended
BthDte at31
M#r¢h 2025
Apri12024
u￿reS￿ttted fvnd$
G¢n¢ral
237.414
493.859
(461,51)8)
408
269,765
432
Restrlcted
508
Total fund#
£237,922
494,191
(461,916
270.197
Balance at I
Aprll 2023
Incomlng
rewur¢ei
ResDureeB
BalAiie¢ at 31
Mxreh 2024
UDrestrl¢t¢d
General
228,574
437,751
(428,9111
237,414
Re&ttlcted fvTrds
597
507
Totsl funds
229,171
437.751
(429.0011
237,921
Page 21

The Ark Ags0¢iatioD
Notes to the Flnanciil Statements for the Year Ended 31 March 2025
18 A￿lySIS of net *ss¢ts between funds
Unrestrlctsd
rund5
Restricted
fuhd$
G¢n¢r*l
Totsl f￿lld$
Tall￿bIe fixed assets
Curjrnt assets
Cunmt liabilitics
174.941
118.109
{23,285}
433
11,382
(11,3831
175.374
129,491
(34,668)
Totdnet assets
269,765
432
270,197
19 Rtlated party tr￿￿l£tiOnS
Dunng the year the eharity made the following related party tratTr5actions:
P A Palmer
(Fatr*T of Mica Foort}
£1,395 was ￿ld w Mr Pilm¢r for f¢ncirtg repairs at Princess Avenue site durLD8 the year12024- £3,940) Mrs Foort
abst8ned from this decision nmking Proce￿.. At the balance sheet date the du¢ tolfrom P A Ply￿er w)$
£NIl12024- £Nill. The pivvision for duubtfid debis from the related parti¢5 at the balance 8be¢t dat¢ was £Nil (2024
- £NIll. A0￿Ullts written off in the period in rcspect of amounts due to or from rel￿ed parties £Nil (2024 -
£Nill.
Pag¢ 22