2020-07-31-accounts - The Ark Of The Lord

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The Ark Of The Lord Company limited by guarantee Director’s report

for the year ended 31 July 2020

The director’s present their report and the financial statements for the year ended 31 July 2020

Principal activity

The Charity’s objectives are for the public benefit and are restricted to the following: 1) To advance the Christian faith in accordance with the Statement of Beliefs in such parts of Ipswich and Suffolk as the Trustees may from time to time think fit and fulfil such other purposes which are exclusively charitable according to the Law of England & Wales and are connected with the charitable work of the charity;

2) To relieve persons who are in conditions of need, financial hardship or sickness and who may be aged and to relieve the distress caused thereby in Ipswich and Suffolk as the Trustees may from time to time think fit;

3) To advance education on the basis of Christian principles in Ipswich and Suffolk as the Trustees may from time to time think fit;

4) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

Directors & Trustees

The directors who served during the year are as stated below:

J Jacobs C Eade P Gordon

The Directors and Trustees are elected annually at the AGM by the Members. This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

This report was approved by the Board on 28 April 2021 and signed on its behalf by

…………………………………

P Gordon Director

The Ark Of The Lord Company limited by guarantee Notes to the financial statements for the year ended 31 July 2020

Accounting policies

1.1 Accounting convention:

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2 Turnover

2. Turnover

The total turnover of the company for the year has been derived from its principle activity wholly undertaken in the U.K.

3. Company limited by guarantee

The company is limited by Guarantee and has no share capital. In accordance with Section 6.8 of Part B of the Articles of Association each Member or Member ceasing within 1 year has a liability for sums not exceeding £1

Company Registration No. 07703498 (England and Wales)

THE ARK OF THE LORD ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020

THE ARK OF THE LORD ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

	Page
Company information	3
Directors' report	4
Statement of income and retained earnings	5
Statement of financial position	6
Notes to the accounts	7
Detailed profit and loss account	8

THE ARK OF THE LORD COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2020

Directors

Company Number

Registered Office

Clare Louise Eade Penelope Jo Gordon Jennifer Jacobs 07703498 (England and Wales)

WOLSEY HOUSE THE DRIFT NACTON ROAD IPSWICH SUFFOLK IP3 9QR

THE ARK OF THE LORD (COMPANY NO: 07703498 ENGLAND AND WALES) DIRECTORS' REPORT

The directors present their report and accounts for the year ended 31 July 2020.

Directors

The following directors held office during the whole of the period:

Clare Louise Eade Penelope Jo Gordon Jennifer Jacobs

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

.......................................................................... Penelope Jo Gordon

Approved by the board on: 18th April 2021

THE ARK OF THE LORD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 JULY 2020

Turnover Cost of sales Gross profit Administrative expenses Operating profit/(loss) Profit/(loss) on ordinary activities before taxation Tax on profit/(loss) on ordinary activities Profit/(loss) for the financial year Retained earnings at the start of the year Profit/(loss) for the financial year Dividends Retained earnings at the end of the year	2020 £ 36,184 36,184 (27,033) 9,151 9,151 - 9,151 6,612 9,151 - 15,762	2019 £ 37,025 (5,257)
		31,768 (30,128)
		1,640
		1,640 -
		1,640
		4,982 1,640 -
		6,622

THE ARK OF THE LORD STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2020

Current assets Notes Cash at bank and in hand Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	2020 £ 15,762 15,762 15,762 15,762 15,762	2019 £ 6,622
		6,622
		6,622
		6,622
		6,622

For the year ending 31 July 2020 the company was entitled to exemption from audit under section 477 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board of Directors and authorised for issue on 18[th] April 2021 and were signed on its behalf by

Penelope Jo Gordon

Director

Company Registration No. 07703498

THE ARK OF THE LORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2020

1 Statutory information

THE ARK OF THE LORD is a private company, limited by shares, registered in England and Wales, registration number 07703498. The registered office is WOLSEY HOUSE THE DRIFT, NACTON ROAD, IPSWICH, SUFFOLK, IP3 9QR.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Presentation currency

The accounts are presented in £ sterling.

Turnover

Income represents the total value of Charitable Donations received or funds raised from Charitable objectives, excluding value added tax, made during the year and derives from the provision of goods falling within the company’s ordinary activities. The total turnover of the company for the year has been derived from its principle activity wholly undertaken in the U.K.

4 Average number of employees

During the year the average number of employees was 0 (2019: 0).

5 Adjusted brought forward balance

The retained earnings at the end of 2019 were reported as £6,622 however this was incorrect and as per the bank statement the actual retained earnings should be £6,612 (inclusive of £3,180 income lodged at the bank but not on the bank statement as at 31[st] July 2019). The 2020 accounts were adjusted to reflect true brought forward figure of £6,612.

THE ARK OF THE LORD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2020

Turnover Sales Cost of sales Other direct costs Gross profit Administrative expenses Travel and subsistence Motor expenses Rent Light and heat Water Service charge/Cleaning Telephone and fax Stationery and printing Subscriptions/Licenses Bank charges Insurance Repairs and maintenance Donations Sundry expenses Advertising and PR Other legal and professional Operating profit/(loss) Profit/(loss) on ordinary activities before taxation	2020 £ 36,184	2019 £ 37,025 5,257
	- 36,184 503 101 15,000 2,203 234 810 1,012 56 236 - 1,375 1,878 960 2,365 - 300 27,033 9,151 9,151
		31,768
		30 453 15,000 2,807 - - 1,091 78 230 430 888 1,029 285 4,112 82 3,613
		30,128
		1,640
		1,640

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlnerfs report on the accounts Se¢tion A Independent Examlnels Report Rèport to th• tru#tsesl membèrn of THE AQK ofr THÉ LGQD On accounts lor the ytrar •ndtd Charlty no 151 any) 31 July Ic S•t out on pages ro trthvpog• numbèlh ofyrtnI1 ihpis I report lo the trustees my eXaMinatn of the accounts of the above charity Ilhe Trust-l for the year ended '::' MI Y'IYY. R•spon$lblllilgs and ba•l¥ of report As the chantys trustees. you are fesp)nsible for the preparation of the a¢¢ounls in acc¢d8nce with the rwjuiremenls ol the Charilles Act 2011 ('Ihe A.). I report in respect of my examination of the Tru81'8 accounts carried out under sectbon 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(Sllbl ol the Aci. Independent oxamlnerfs 8tstement I have completed my examination. I confirm that no material mattern have corne lo my attention in conrctIon wlh the ex8minalion (other than that disclosed bolow'l whi¢h gives me cause to believe that in. any material respect.. the accounliry records wwe not kept in accordance wlh 8e¢tion 130 of Ihe Chanties Act., or the accounts did not aceord V•ilh the accountirvJ records., or the accounts did not mplY wth the applicablg requirements coneeming the fom and ¢onlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aoUnt$ give a Irue and fair, view whith is not a matter COndered as part of an independent examination. I have no concem5 and have come across no other matters in connectlon with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. ' Ple8se delete Ihe words in Ihe brackets if Iheydo not apply. Slgned: Oate: 05 Name: Ale bj KÉ j T (Poev Relevant professional qualificationls) or body Fc£N Cfflorn6Élskl,P h1UnÉR,ol19S8] Oct 2018 IER

(if any): AddrevJ: 21 BuRGI4LEy BuRk4C LL MBKI Section 8 Oisclosure Only comple;e Il '.he examiner needs lo highlight material m31ters of concern (see CC32. Independent examinalion of charity accounts.. diredions and guidance for examiners). Glve h•r• brifrf details of •ny Items that the examlner wlshes to disclose. IER O¢t 2018