The Ark Of The Lord Company limited by guarantee
Director’s report
for the year ended 31 July 2021
The director’s present their report and the financial statements for the year ended 31 July 2021
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 12 August 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 2021
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
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.
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 2021
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 fnancial position | 6 |
| Notes to the accounts | 7 |
| Detailed proft and loss account | 8 |
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THE ARK OF THE LORD COMPANY INFORMATION
Directors
Directors Clare Louise Eade Penelope Jo Gordon Jennifer Jacobs Company Number 07703498 (England and Wales) Registered Office Unit 2 73 7-11 Holywells Road IPSWICH SUFFOLK IP3 0DL
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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 2021.
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 2022addres
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THE ARK OF THE LORD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 JULY
| Turnover Cost of sales Gross proft Administrative expenses Operating proft/(loss) Proft/(loss) on ordinary activities before taxation Tax on proft/(loss) on ordinary activities Proft/(loss) for the fnancial year Retained earnings at the start of the year Proft/(loss) for the fnancial year Dividends Retained earnings at the end of the year |
2021 £ 38,375 (1,721 ) 36,654 (28,355) 8,300 8,300 - 8,300 15,763 8,300 - 24,063 |
2020 £ 36,174 |
|---|---|---|
| 36,174 (27,023) |
||
| 9,141 | ||
| 9,141 - |
||
| 9,141 | ||
| 6,622 9,141 - |
||
| 15,763 |
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THE ARK OF THE LORD STATEMENT OF FINANCIAL POSITION
| Current assets Notes Cash at bank and in hand Net current assets Net assets Capital and reserves Proft and loss account Shareholders' funds |
2021 £ 24,063 24,063 24,063 24,063 24,063 |
2020 £ 15,763 15,763 15,763 |
|---|---|---|
| 15,763 15,763 |
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
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THE ARK OF THE LORD NOTES TO THE ACCOUNTS
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 Unit 2 73 7-11 Holywells Road, Ipswich, Suffolk, England IP3 0DL.
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 (2020: 0).
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THE ARK OF THE LORD DETAILED PROFIT AND LOSS ACCOUNT
| Turnover Sales Cost of sales Other direct costs Gross proft 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 proft/(loss) Proft/(loss) on ordinary activities before taxation |
2021 £ 38,376 |
2020 £ 36,174 - |
|---|---|---|
| 1,72 1 36,655 1,019 1,847 15,000 2,122 309 170 1,021 341 101 - 1,077 383 1,685 3,280 - - 28,355 ~~8,300~~ 8,300 |
||
| 36,174 | ||
| 503 101 15,000 2,203 234 8 10 1,012 56 236 - 1,375 1,878 950 2,365 - 300 |
||
| 27,023 | ||
| ~~9,141~~ | ||
| 9,141 |
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the Charity Name THE ARK OF THE LORD trustees/ members of
31 JULY 2021 On accounts for the year ended
Charity no (if any)
Set out on pages
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2020.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 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(5)(b) of the Act.
Independent examiner's statement
~~[The charity’s gross income exceeded £250,000 and I am qualifed to undertake the examination by being a qualifed member of~~
~~[insert name of applicable listed body]].~~ ~~Delete [ ]~~ ~~if not applicable.~~
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Karen Kent
Date: 30/05/22
1
Oct 2018
IER
Name: KAREN KENT (PREVIOUSLY WHITE)
Relevant FCCA (Member number 0719583) professional qualification(s) or body (if any):
Address: 27 Burghley Rise Burwell Cambridge CB25 0RS
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER
IER Oct 2018