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← Ark Of The Covenant Prayer And Worship Tabernacle

2023-10-31-accounts

Company Registration No. 06719936 Registered Charity No. 1145105

ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE (ACPWT)

A Charitable Company Limited By Guarantee

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE ANNUAL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

CONTENTS
Page
Legal and administrative information 2
Report of the Trustees 3-14
Report of the auditors 15-17
Statement of financial activities 18
Balance sheet 19
Notes to the financial statements 20-23

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

Annual Trustees Report and Financial Statements LEGAL AND ADMINISTRATIVE INFORMATION

Trustees & Directors:

Rev. Donna Davis Ms Eunice Mashingaidze Mrs Marlene Tulloch

Secretary: Ms. Althea Russell Company number: 06719936 Charity number: 1145105

Accountants:

Jacob Manu & Co 64 Broadway Stratford London E15 1NT

Bankers: Natwest Plc Ilford Branch 50 Ilford Hill Essex IG1 2AT

Solicitors:

Pauline Iwuagwu Christian Lavergne Solicitors Suite 37 – Imperial House 64 Willoughby Lane Tottenham, London N17 0SP

Registered Office:

5 West Road Chadwell Heath RM6 6YA

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

The Trustees present their Annual Report and financial statements of Ark of the Covenant Prayer and Worship Tabernacle for the year ended 31 October 2023. This report is a Directors’ Report as required by section 417 of the Companies Act 2006 and a Trustees’ Annual Report as required under Part 8 of the Charities Act 2011.

The Trustees confirm that the financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association and “ Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT Legal status and Governing document

The Church is a charitable company limited by guarantee, incorporated and registered 9[th] October 2008. The objects and powers of the company were established in its Memorandum of Association and are governed by its Articles of Association. The directors of the charitable company (the charity) are its trustees for the purposes of the charity law and throughout this report are collectively referred to as the Trustees. Ark of the Covenant Prayer and Worship Tabernacle was registered as a charity 16[th] December 2011.

APPOINTMENT

The Trustees who held office during the financial year and at the date of this report are set out on page 1, all of whom are members. The Trustees are appointed in accordance with the rules set out in the Articles of Association and as per the charity’s governing document.

INDUCTION AND TRAINING

The existing Trustees are familiar with the practical work of the company. Any new trustees would undergo orientation to inform them on their legal obligation under charity and company law, the content of the Memorandum and Articles of Association, the decision making processes, the objectives and strategies and recent financial performance of Ark of the Covenant Prayer and Worship Tabernacle. Additionally, the charity arranged appropriate training internally and through other voluntary training providers.

The Trustees are all involved in the running of the Charity, including Leadership, Management and Volunteers. They are always encouraged to attain/refresh the necessary skills required to achieve the objectives of the company.

ORGANISATIONAL STRUCTURE

The Board of Trustees is responsible for the overall strategy and direction of the charity and meets at least 4 times per year. The governance of the Church resides with the Trustees supported by the Management Team who meets bi-monthly. The Trustees give their time on a voluntary and unpaid basis. The Board of Trustees has also appointed the following committees to support them in the management of ACPWT's operations. They include the Finance, Welfare, Hospitality, Academic, Mission and Outreach. The teams provide much needed advice to the Trustees/Directors who retain overall power to establish and implement policies and procedures that will enable the church to achieve its goals.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

RISK MANAGEMENT

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud, error and negligence. The Trustees carry out continuous assessments to prioritise the company’s risk and to strengthen our resilience. The Trustees have examined the principal areas of ACPWT operations and have considered the major risks that could arise in these areas. In the opinion of the Trustees, ACPWT has appropriate policies and procedures in place, which provide reasonable assurance that the risks identified by them are mitigated to an acceptable level. Major risks, for this purpose, are those that may have a significant effect on:

INTEREST OF BOARD OF TRUSTEES

No member of the Trustees had, at any time during the period under consideration, any interests in the charity which require disclosure in this report.

OBJECTIVE, AIMS AND PRINCIPAL ACTIVITIES

Ark of the Covenant Prayer and Worship Tabernacle was set up to among others, to advance the Christian faith in accordance with the general principles and doctrines of Christ Jesus. The principal activities of the church include:

Charitable Objectives

  1. The propagation of the Gospel of Jesus Christ and the Word of God, that people may be evangelised and believers may be conformed to the teachings of the Lord Jesus Christ.

  2. To regularly assemble members of the church for fellowship.

  3. To strengthen the family units so that the home life of each member is biblically healthy and fruitful.

  4. To involve every member in the activities of the church and in the ministry of the Holy Spirit throughout the Body of Christ.

  5. To engage in charitable activities for not only the members of the church, but the community at large who are in need of any help which the charity can give, regardless of race, colour or religious affiliation.

  6. To advance the education of the general public in areas relating to HIV and AIDS

Objectives and Aims

Ark of the Covenant Prayer and Worship Tabernacle is a multi-cultural and diverse assembly of Christians who believe in Jesus Christ. Our annual “All Nations Service” features 30 plus nationalities. Our unceasing passion is to present the gospel (the good news of Jesus Christ) for spiritual, social, and physical transformation, honour God with our lives, and be a blessing to humanity.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 ACHIEVEMENTS, PERFORMANCE AND PLANS FOR THE FUTURE

DELIVERING PUBLIC BENEFIT

The charity carries out various activities in pursuance of its charitable aims. The Trustees are pleased to be able to report on another varied and wide range of activities and events that have taken place throughout the financial year.

ACPWT continues to effectively demonstrate that the church is relevant and vital for wider society. Our unceasing passion is to honour God with our lives and be a blessing to humanity with our different gifts. Sincere thanks are expressed to all ACPWT partners who support the church's mission and to our dedicated and committed members who serve faithfully year after year.

The Trustees consider the following activities, summarised below, beneficial to members of the church, non-members, and the local and wider community of London and the United Kingdom.

TEACHING/LECTURES

We continue to promote Biblical Study, Theology, training, religious teachings and practices – approximately 20 hours of lectures are delivered weekly to raise awareness and understanding of the Christian faith. This helps to strengthen and enhance spiritual growth and good morals as a person and in the community. Knowledge of Biblical principles is essential to develop understanding and wisdom – learning and application is vital to our faith.

MEMBERSHIP - EVANGELICAL ALLIANCE AND ASSOCIATION OF CHRISTIANS IN COUNSELLING AND LINKED PROFESSIONS

Being a member of the Evangelical Alliance, we are integrated into a wider community that is united across denominations, locations, age groups, and ethnicities. Our membership has helped the church access spiritual information regarding working together to reach the lost souls across regions and connects us to a broader evangelical network in the UK. Additionally, through our membership with the Association of Christians in Counselling and Linked Professions, we engage and work with other professional bodies, stakeholders and churches as we continue to unite to further the gospel of Jesus Christ - we believe we are better together.

A CALL TO PRAYER – PRAYER INITIATIVE

Pray without ceasing (1[st] Thessalonian 5:17). Prayer is one of our core values, and we continue to hold weekly prayer initiatives through the Welfare and Intercessory Ministry to facilitate effective, fervent and specific prayers for individuals, families, our communities, government and the international community. A prayer line is active in this ministry to ensure there are people dedicated to praying at set times. We continue to see significant growth in our Prayer Initiative Intercessory Group, which provides structure, direction and accountability. Dedicated sessions are allocated to pray and give spiritual guidance and support to all members of the Intercessory Group, which continues to grow significantly.Our weekly and monthly Fasting and Prayer Programme/Initiative also gives an opportunity for all Christians and members of the community to come together to seek divine guidance and pray for individuals, families, children and young people, local communities and nations. Through this initiative, we continue to see positive changes and transformation, as well as corporate and leadership empowerment.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

PASTORAL CARE/SUPPORT

Through this ministry, our pastorate encourages the church's ongoing transformation and preparation for inclusive communal spiritual leadership.

As we spread the gospel and the church grows, members are equipped, trained, appointed as leaders, and put in place to assist in overseeing the congregation. Pastoral care of God’s flock is of the utmost importance in ACPWT—knowing this, Ministers, Trustees, Leaders, and Stewards are encouraged to lead others by gospel-shaped teaching and modelling the application of God’s word of grace in their lives. Underpinning our love and care for members and their families, our senior pastor, Reverend Donna Davis, provides weekly counselling sessions. Ministry Partners and visitors are also welcome to attend via an appointment system. A Pastoral Care Team is also available to support members, families, and others. Several testimonies on the benefits of these sessions have been received. Additionally, the Pastorate and Church Management/Leadership Team members support each other and the wider congregation with practical help. Our Pastoral Care support programme continues to run successfully.

INTERNATIONAL CONFERENCE

Our annual 3-day Multi-cultural International Conference in collaboration with GLCI was a great success during the year under review. The event was promoted across various TV channels, Premier Christian Radio, Premier Gospel and social media platforms. This annual event attracts people/participants from the UK, Europe, and other countries. This impactful event provides spiritual growth, learning, inspiration, fellowship, and networking opportunities.

This diverse/multicultural and dynamic conference champions prayer and is an authentic prophetic voice to the church and society. The programme engages a broad audience and provides a platform that recharges faith and empowers delegates to:-

WOMEN’S CONFERENCE

The Women’s Conference was incorporated into our International Conference. It brings together women from all walks of life and inspires and empowers them as they chase their personal and professional dreams. This incredibly successful programme encourages women to transform lives for the Lord Jesus. Speakers and participants from the UK and abroad attended. With the theme “Tabitha Arise” participants were also geared towards helping women succeed in their chosen fields. From feedback, everyone left in awe of what they had accomplished.

The church continues to reach further in fulfilling its divine assignment and mandate by touching many more lives with the liberating message of the kingdom of God and the practical demonstration of God’s grace and favour in different ways in the United Kingdom and other nations.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

KINGDOM ACHIEVERS EDUCATIONAL PROGRAMME (KAEP)

This programme has extended to include Continuing Ministerial Development to support and ensure clergy are affirmed and encouraged in their Ministry. The Kingdom Achievers Educational Programme is an ACPWT Educational Initiative which supports, encourages and equips students/individuals from diverse communities to excel academically and professionally through various activities such as Training, workshops, seminars and One-on-One sessions on:- Professional Development, Continuing Professional Development, Interview skills, writing effective CVs, Personal and Supporting Statements, Raising Student Achievements, Providing support in completing undergraduate and postgraduate forms, Parent Educational Support.

This initiative is impacting many lives, and many of our young people are now graduates while others are now attending university. Skill sets have been developed and improved; individuals are maximising their potential/ability in various fields of study and have obtained jobs in their field of choice.

Our Education and Academic Committee consists of academically qualified members at the doctorate level and other experts and professionals who volunteer and dedicate their time and service to the church charity. With the help and support of these committed members who volunteer their time and talent, the Charity continues to achieve its objectives. We are grateful for the outstanding and great achievements we see in members' lives, careers, and professions through the support of these different departments in the Church charity.

FINANCIAL AND BUDGET MANAGEMENT

Qualified professionals within the Charity teach others how to achieve their goals and be successful in their career. They are focused on helping people develop the skills, knowledge, attitude and behaviour they need to manage their money well. We continue to receive feedback and testimonies from individuals whose lives have been positively transformed. These lectures have helped to develop successful entrepreneurs/businessmen and women within the church and broader community.

MARRIAGE SEMINAR

A Biblical Framework for Building Families and a Healthy Society—Sessions are held face-to-face and virtual. These seminars help restore and strengthen Spiritual, Physical, and Emotional well-being. They also provide couples, families, and individuals with positive coping strategies. We continue to receive positive responses and good feedback. The Pastorate continues to hold weekly counselling and advice Sessions.

THANKSGIVING SERVICE

Our Annual Corporate Thanksgiving Service was another great success – it is a practice that brings together the church – members, families, ministry partners, friends and the community to express corporate gratitude to God, reflect on His goodness, demonstrate appreciation to Almighty God for all he has given and bless us with. This event is not limited to members of ACPWT but is open to community members. We fellowship together, giving God thanks and praise for his protection, thanking God for his continued grace and blessings upon us, our nations, government, leaders and heads of state. Our motto -“Thanksgiving is an application for More”.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

FAMILY AWAY DAY

This annual family outing allows members, families, our children, young people, and ministry supporters to spend time together away from the hustle and bustle of daily life. It helps families bond and forms part of our balancing church life programmes. We visited Margate during the year in the review.

RETREATS

This is a well-anticipated event for members and non-members, including our children and young people. It allows everyone to participate in prayer walks, workshops, rest and integrate. It helps to build cohesiveness and sharpen the spiritual development of the church members, families, friends, and well-wishers. It also helps to increase spiritual growth and the spiritual atmosphere in our worship. Year after year, we receive excellent feedback from attendees who benefit from such things as renewal of the heart and inner being.

OTHER OUTREACH EVENTS/PROGRAMMES - (LOCAL AND OVERSEAS)

It remains as part of our mission - Our Mission and Evangelism Team goes out regularly to evangelise and win souls in a variety of locations across London, including shopping centres and streets. The church continues to reach further in fulfilling its divine mandate of touching many lives across nations through our TV ministry, social media platforms, and radio. We continue to impact many lives through our virtual services and have won souls through this medium for the Kingdom of God. This is evidenced by us seeing significant church growth in diverse communities.

The Charity and its Missionaries outreach overseas – during the year in review, we attended missions in Jamaica and the Philippines. We have also helped built a place of worship in the Philippines, where we support deprived children under our Sponsor-a-Child Programme.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

OTHER OUTREACH EVENTS/PROGRAMMES - (LOCAL AND OVERSEAS) Cont’d

In the UK and our local community, we continue to provide prayer sessions, residential and hospital visitations to those who are ‘shut-in’, sick and to those who are unable to attend worship.

CHILDREN AND YOUNG PEOPLE FORUM/MINISTRY

Our children and young people are integral to the Ministry. Weekly Sunday schools are provided by our qualified teachers which enable our children and young people to gain core knowledge in Religious Studies. We also aim to continue holding frequent youth meetings/forum for teenagers and young adults who are active in the church. They are given a platform to showcase their talents, skills and ability in a larger audience on a monthly basis. This is a great driver for them, it enables and motivates them to learn, grow, develop and pursue their goals. These forums also help develop their talents, confidence, and self-esteem and improve their academic achievements. It also helps them integrate better into the wider community. Parents continued to give positive feedback and expressed their gratitude. We continue to see a significant increase in the number of our young people attending university, who are now graduates and contributing significantly to our Church. During the year under review, we have seen an increase/growth in this area of Ministry – the number of children and young people attending our church has increased, and they are progressing well.

CONVENTIONS, RETREATS AND LEADERSHIP SEMINARS

These are held annually to develop and enhance leadership skills in individuals and to train those in leadership to fulfil their potential, achieve their goals and use the gifts to be a blessing to humanity and the Kingdom of God. The convention is held annually, whilst Retreats and leadership seminars are held twice annually to develop and enhance the spiritual alertness of the members and leaders in the Ministry. Youth Ministers/Leaders were also appointed to support the significant growth in Young People in our Church during the year under review.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

TV EVANGELISM

Our Television Ministry has been running for a number of years. The goal of the program is to encourage viewers to study the Bible and do what the Lord directs them to do. We are now in the peak slots which has seen a greater increase in our TV audience across the UK. We continues to impact many people’s lives, locally and internationally. Programmes are aired weekly and many people have visited our Church and some come to know Jesus Christ through this medium. It has helped the numerical and spiritual growth of the church. We are also active on social media channels. The pastoral teaching, anointing, wisdom, grace, care and love displayed by our Senior Pastor – Rev. Donna Davis is impacting many lives from diverse communities in the country and across the globe. Positive feedback from viewers confirms that individuals and families are positively impacted as we bring the message of hope, healing, salvation and deliverance both locally and internationally. We are seeing increase in soul winning which resulted in large baptism services throughout the year.

SHUTTLE/BUS SERVICE

The Church’s shuttle bus service continues to be a great help to get members, families, partners and supporters of the Ministry to church. The bus/shuttle service covers these areas: South London, Stratford, Ilford, Barkingside and Dagenham. This enables members and families who do not have their own transport means and those who are financially unable, to attend church services. It also helps to reduce transport challenges for those wishing to attend church services. Much appreciation is expressed for this service.

GROWTH

1[st] Corinthians 3:6-7

The focus is on discipleship, prayer and following Jesus while leaving the results up to God. The church does not exist in and for itself. It is the vehicle to lead and manage the people of God through discipleship, evangelism, missions, spiritual growth and other programs all pointed to His Glory and worship. Additionally, our activities are available to members and non-members.

The church continues to grow from strength to strength and numerically. As a result of such growth two services are held on Sundays with the continuation of our weekly Bible Study and Prayer Services. This is as a result of our leadership passion for the Great Commission, their commitment and willingness to outreach communities and the leading and direction of God’s Holy Spirit. The church programmes and activities are well attended and God continues to add new members. Our Online Zoom sessions are held every other week where members and participants are taught and uplifted. It also facilitates a time of virtual fellowship/interacting with others, prayers and Bible Study.

CHURCH MANAGEMENT OFFICE

As part of Pastoral care and in order to meet and facilitate the needs of the growing congregation – members and their families, partners and supporters of the Church Charity, our Senior Pastor and Ministers attend to the spiritual well-being of members by providing counselling/advice from this office. This office also manages some of the church’s administrative work.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

FUTURE DEVELOPMENTS/PLANS FOR THE FUTURE

Our theme is “THE GREATER HARVEST.” I will make you exceedingly fruitful, and “I will make nations of you and kings shall come from you” (Genesis 17:7). This is in furtherance of our Mandate of the Gospel—the Great Commission. This is our guiding vision.

A summary of the result of the Ark of the Covenant Prayer and Worship Tabernacle activities during the period is given in the Statement of Financial Activities on page 16. The charity's total income amounted to £ 836,282, of which from regular Sunday tithes and offerings £713,867 and Gift Aid amounted to £122,415. The charity's number one priority is to obtain a permanent place of worship either through a longer-term rental contract or an outright purchase via a mortgage. The size of the present church premises creates the availability of bigger rooms for children and young people activities, children’s Sunday school programmes and other activities in pursuance of its charitable aims. We have seen a significant increase in membership during the year in review and have now maximised all the rooms/facilities in this building.

There is now an urgency for the Church Charity to own a permanent building, and as such, the Building committee is empowered to look for a permanent place of worship. The Church continues to raise funds for the building fund project, which is restricted to the purposes of the building.

VOLUNTEERS

ACPWT thrives on the energy and willingness of its volunteers who continue to engage with enthusiasm and commitment to the vision and work of the church. They are central to the ethos and operations of the Charity. They donate their time, expertise and equipment to implement programmes and to provide other services. The number of volunteers has increase to 30 during the years in review The church is very grateful for this generosity. The financial value of this generosity has neither been calculated nor included in the financial statements because it is difficult to quantify these in monetary terms. We continue to see an increase in more people giving their time for the work of God which is very encouraging and motivating to the leadership of the Church.

The Board of Trustees, Pastorate, Leadership/Management would like to express their gratitude to the church members and Volunteers for their generosity, selfless sacrifice of their time and talents towards the achievement of the objectives of the organisation.

CHURCH LIFE

The church gathers primarily for worship to celebrate all that God is and all that God has done for us to be drawn into the life of the Trinity, the Father, Son – Jesus Christ and the Holy Spirit. We offer God songs and words of praise and worship in psalms, hymns and spiritual songs. We attend to God’s words in Scripture/The Holy Bible. We gather around the table of the Lord in the Holy Communion. We fast and offer prayers for our own needs and the needs of others and of the world. When we do this we join our prayers – fervent, strong and weak as they often are – with great hymns and songs of praise of the Church in both earth and heaven, in time and eternity.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023

FINANCIAL REVIEW

The book values of the assets held at year-end are, in the opinion of the Board of Trustees, as stated in the financial statements. Also, adequate assets are available to fulfil the charity's obligations. Total resources expended in the year include a total cost of £337,037 - direct charitable costs of £321, 165, Depreciation of £2,332 and governance costs of £13,540. The governance costs were mainly made up of Accountancy fees, professional expenses and administration. The Trustees approve the governance costs.

The total fund on 31 October 2023 was £836,282, all of which were unrestricted funds, which is the increase added to the unrestricted reserves.

RESERVES POLICY

Ark of the Covenant Prayer and Worship Tabernacle maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding direct charitable costs and other costs. Excess unrestricted funds, represented by liquid assets, will be used to meet recurrent operational costs, except where the Trustees consider that the funds should be retained for possible future projects.

INVESTMENT POLICY

The Trustees have the power to invest in such assets as they see fit. The charity's investment policy is appropriate to the nature of the funds for which the investment is held. The primary investment aim is to provide a high degree of security and liquidity and to maximise returns whilst adopting a conservative approach.

GRANT-MAKING POLICY

The Trustees make grants as an effective means of delivering support and assistance to other programmes that fit within the objectives of Ark of the Covenant Prayer and Worship Tabernacle, during the year under consideration, no grant was made.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023 Company Number 06719936 Registered Charity Number 1145105

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Company law requires the directors, who are referred to here as the Trustees, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end of its incoming resources and resources expended during that year. In preparing those financial statements, the Trustees are required to:

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

INDEPENDENT EXAMINERS

Jacob Manu & Co has expressed their willingness to continue in service and a resolution on this would be put to the Board of Trustees at the forth-coming Annual General Meeting.

STATEMENT OF DISCLOSURES

a) So far as the Trustees are aware, there is no relevant information of which the company's Independent Examiners are unaware, and

b) They have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the company's Independent Examiners are aware of that information.

By order of the Board of Trustees

............................................... Donna Davis Trustee

Date: 31/07/2024

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Company Number 06719936 Registered Charity Number 1145105

We have examined the financial statements on pages 9 to 14 for the year ended 31 October 2023, comprising the statement of economic activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and accounting policies.

The report is made solely to the Charity's Trustees, as a body, in accordance with Section 44 of the Charities Act 1993. The charity's trustees are generally of the opinion that an audit is not required in accordance with Section 43(2) of the 1993 Act and have opted for an independent examination instead.

Respective responsibilities of trustees and auditors

The Trustees, some of which are also the directors, have responsibilities for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. These are set out in the Statement of Trustees' Responsibilities in the Report of the Trustees.

Our responsibilities as independent examiners of the charity are:

  1. to examine the books and accounts of the charity in compliance with Section 43 of the 1993 Act;

  2. to strictly adhere to the general directions provided by the Charity Commission under Section 43(7)(b) of the Charities Act 1993; and

  3. to state whether particular matters have come to our attention in the course of our examination.

We report to you whether the financial statements have properly been prepared in accordance with United Kingdom Generally Accepted Accounting Practice, the Companies Act 2006 and in accordance with the Charities Act 1993.

We also report to you whether the information given in the Trustees' Report is consistent with the financial statements. We consider the implications of our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements.

In addition we report to you if the charity has not kept proper accounting records, if we have not received all the information and explanations we require for our work, or if information specified by law regarding trustees' remuneration and other transactions with the charity is not disclosed.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 Company Number 06719936 Registered Charity Number 1145105

Basis of opinion

Our examination was carried out in accordance with the General Directions provided by the Charity Commission. The examination includes a review of the books and documents and other accounting records kept by the charity and comparing these with the accounts presented.

Our examination also includes consideration of any unusual disclosures or items in the accounts, and seeking explanations from the Trustees. It is imperative to state here that the procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view'. Our report is therefore limited to the statements below:

Independent examiners' statement

In connection with our examination, we report that no matter has come to our attention, which gives cause to believe that the following have not been met:

  1. Keeping proper accounting records in accordance with Section 386 and 387 of the Companies Act 2006.

  2. Preparing accounts which accord with the underlying accounting records and which are in compliance with the Companies Act 2006, the United Kingdom Generally Accepted Accounting Practice (UK GAAP), the Statements of Recommended Practice (SORP) - Accounting and Reporting by Charities and the Charities Act 1993.

  3. Consistency of the information contained in the Trustees Report with the financial statements.

........................................................................ Date: 31/07/2024

Jacob Manu & Co

Chartered Certified Accountants

64 Broadway, Stratford, London, E15 4GY

15 ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE STATEMENT OF FINANCIAL ACTIVITIES (SOFA) (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2023

Unrestricted 2023 2022
Funds Total Total
£ £ £
INCOMING RESOURCES
Voluntary income
Donations 421,709 421,709 415,761
Activities for Generating Funds
Online giving
 292,158 292,158 147.712
Other incoming resources
Gift Aids 122,415 122,415 153,380
Grant- CJRS
Total incoming resources 836,282836,282716,856
RESOURCES EXPENDED
Charitable activities:
(Costs of activities in furtherance
of the objects of the charity)
Direct costs 321,165 3271,165 286,452
Governance costs 13,540 13,540 7,500
Depreciation 2,332 2,332 2,332
Total resources expended 337,037 337,037296,284
Net movement in funds for the period 499,245 499,245 420,569
Balance brought forward 830,003 830,003 409,434
1,329,248 1,329,248 830,003
Total Funds as at 31 October 2023 1,329,248 1,329,248 830,003

All of the above results are derived from continuing activities. All gains and losses recognised in the period are included in the above.

The notes on pages 14 to 17 form part of these financial statements.

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ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE

BALANCE SHEET
FOR THE YEAR ENDED 31 OCTOBER 2023
Notes
FIXED ASSETS
Tangible assets
Current assets
Debtors
Cash at bank and in hand

Creditors: amounts falling due
Within one year

Net current assets

Creditors: amounts falling due after
more than one year

Net assets

Funds
Unrestricted funds

Restricted Fund
2023 2022
£ £
290,003 292,335
586,222 459,761
495,609 374,936
1,081,831 834,497
15,480 11,050
1,066,351 823,647
27,106
35,979
1,329,2481,080,003
1,079,248 830,003
250,000 250,000
1,329,248 1,080,003		 2023 2022
£ £
290,003 292,335
586,222 459,761
495,609 374,936
1,081,831 834,497
15,480 11,050
1,066,351 823,647
27,106
35,979
1,329,2481,080,003
1,079,248 830,003
250,000 250,000
1,329,248 1,080,003		 2023 2022
£ £
290,003 292,335
586,222 459,761
495,609 374,936
1,081,831 834,497
15,480 11,050
1,066,351 823,647
27,106
35,979
1,329,2481,080,003
1,079,248 830,003
250,000 250,000
1,329,248 1,080,003





1,329,248

The directors/trustees are satisfied that the company is exempted from the requirements to obtain an audit under section 477 of the Companies Act 2006.

Members have not required the company to have an audit in accordance with s476 of the Act.

The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.

............................................... Donna Davis Director/Trustee

Date: .......31/07/2024..............................

17

ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

1. Principal accounting policies

The following accounting policies have been applied in dealing with items which are considered material in relation to the charity's financial statements.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (revised 2005), Companies Act 2006 and applicable Accounting Standards.

Funds

General funds are unrestricted funds available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. There are no restricted funds.

Tangible fixed assets

Tangible fixed assets are stated at their purchase price, together with any incidental expenses of acquisition. Depreciation is provided on all tangible fixed assets, when they are brought into use more than six months , at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Motor Car 10% Straight Line

Music Equipments, 10 % Straight Line

Incoming resources

Voluntary income, comprising donations in the form of regular offerings and tithes, provides core funding. This is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contributions made by volunteers can be found in the Trustees' Report.

Resources expended

Expenditure is recognised on an accruals basis as liability is incurred. Charitable income and expenditure is allocated to the respective activities and any shortfall is funded from unrestricted funds.

Direct costs comprise those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and legal requirements of the charity.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

18

ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

2. Emoluments to the Trustees

No emoluments were paid to the Trustees. The Trustees however, are reimbursed for expenses incurred by them in the course of their duties.

3. Employee information

The average number of employees during the period under review is nil.

4. Voluntary income

  1. Voluntary income 2023 2022 Unrestricted Unrestricted Fund Funds £ Donations 713,867 563,473

5. Governance costs

The governance costs of the charity consisted of the following costs:

2023 2022 £ £ Professional fees 13,540 7,500

6. Net incoming resources

The net incoming resources are stated after charging the following costs:

Depreciation £2,332

7. A flat has been willed to the church for the value of £250,000.

19

ARK OF THE COVENANT PRAYER AND WORSHIP TABERNACLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

7. Tangible fixed assets

All assets are held for charitable purposes

Cost
Balances b/f
Additions -
At 31/10/2023
Accumulated depreciation
01/11/2022
Charge for the year
Net Book Value
At 31/10/2023
8.Creditors due within 1 year
Sundry		 Motor Vehicle Musical
/VAN Equipment Furniture Total
£ £ £
£
10,370 16,951 34,074 61,395
_
10,370 16,951 34,074 61,395
4,795 14,265 0 19,060

637
1,695 0 2,332
5,432 15,960 0 21,392
4,938 991 34,074 40,003
2023
2022
£5,743 £11,050		 Motor Vehicle Musical
/VAN Equipment Furniture Total
£ £ £
£
10,370 16,951 34,074 61,395
_
10,370 16,951 34,074 61,395
4,795 14,265 0 19,060

637
1,695 0 2,332
5,432 15,960 0 21,392
4,938 991 34,074 40,003
2023
2022
£5,743 £11,050






9. Taxation

The company is a registered charity and is not liable to corporation tax on its Charitable Activities.

10. Related party transactions

Other than donations and funds received there were no transactions with related parties during the period.

20