## **The Ark Of The Lord Company limited by guarantee**
## Director’s report
for the year ended 31 July 2023
The director’s present their report and the financial statements for the year ended 31 July 2023
## **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 30 July 2023 and signed on its behalf by
…Pgordon………………………………
P Gordon Director
## **The Ark Of The Lord Company limited by guarantee Notes to the financial statements for the year ended 31 July 2023**
## **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 2023**
## **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|9|
- 2 -
**THE ARK OF THE LORD COMPANY INFORMATION FOR THE YEAR ENDED 31 JULY 2023**
## **Directors**
**Company Number**
Clare Louise EADE Penny Jo Gordon Jennifer Jacobs 07703498 (England and Wales)
**Registered Office** Units 2 & 3 7-11 Holywells Road Ipswich, England, IP3 0DL
- 3 -
## **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 2023.
## **Directors**
The following directors held office during the whole of the period:
Clare Louise EADE Penny 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
............................................................................
Penny Jo Gordon Director
Approved by the board on: 24 April 2024
- 4 -
## **THE ARK OF THE LORD STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 JULY 2023**
|**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
Other operating income
**Operating profit**
**Profit on ordinary activities before taxation**
Tax on profit on ordinary activities
**Profit for the financial year**
Retained earnings at the start of the year
Profit for the financial year
Dividends
Retained earnings at the end of the year|**2023**
**£**
41,853
(9,057)
32,796
(30,135)
6,847
9,508
9,508
-
9,508
81,713
9,508
-
91,221|**2022**
**£**
83,254
(7,596)|
|---|---|---|
|||75,658
(22,709)
4,701|
|||57,650|
|||57,650
-|
|||57,650|
|||24,063
57,650
-|
|||81,713|
- 5 -
## **THE ARK OF THE LORD STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2023**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
6
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2023**
**£**
161,620
15,857
28,544
44,401
44,401
206,021
(114,800)
91,221
91,221
91,221|**2022**
**£**
161,620
1,104
38,589|
|---|---|---|
|||39,693|
|||39,693|
|||201,313
(119,600)|
|||81,713|
|||81,713|
|||81,713|
For the year ending 31 July 2023 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 24 April 2024 and were signed on its behalf by
Penny Jo Gordon Director
Company Registration No. 07703498
- 6 -
**THE ARK OF THE LORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023**
## **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 Units 2 & 3 , 7-11 Holywells Road, Ipswich,, 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## _**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.
## _**Tangible fixed assets and depreciation**_
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
|**4**
**Tangible fixed assets**
**Cost or valuation**
At 1 August 2022
At 31 July 2023
**Depreciation**
At 31 July 2023
**Net book value**
At 31 July 2023
At 31 July 2022|**Land &**
**buildings**
**£**
At cost
161,620|
|---|---|
||161,620|
|||
||-|
||161,620|
||161,620|
- 7 -
## **THE ARK OF THE LORD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023**
## **5 Debtors**
||||
|---|---|---|
|**5**
**Debtors**
**Amounts falling due within one year**
Other debtors
**Amounts falling due after more than one year**
Other debtors
**6**
**Creditors: amounts falling due after more than one year**
Bank loans|**2023**
**£**
2,174
13,683
**2023**
**£**
114,800|**2022**
**£**
1,104|
|||-|
|||**2022**
**£**
119,600|
## **7 Average number of employees**
During the year the average number of employees was 0 (2022: 0).
- 8 -
## **THE ARK OF THE LORD DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 JULY 2023**
This schedule does not form part of the statutory accounts.
|**Turnover**
Sales
**Cost of sales**
Other direct costs
**Gross profit**
**Administrative expenses**
Travel and subsistence
Motor expenses
Rent
Rates
Light and heat
Cleaning
Telephone and fax
Postage
Stationery and printing
Subscriptions
Insurance
Repairs and maintenance
Donations
Sundry expenses
Other legal and professional
**Other operating income**
Other operating income
**Operating profit**
**Profit on ordinary activities before taxation**|**2023**
**£**
41,853
9,057
32,796
4,421
3,044
7,754
952
940
122
646
45
45
214
3,911
1,495
6,418
128
-
30,135
6,847
9,508
9,508|**2022**
**£**
83,254|
|---|---|---|
|||7,596|
|||75,658|
|||1,752
1,045
9,345
250
124
142
514
-
323
173
1,856
-
200
531
6,454|
|||22,709|
|||4,701|
|||57,650|
|||57,650|
- 9 -
## **Independent Examiner’s Report to the Trustees of The Ark of Lord**
We have performed certain procedures in respect of the charity’s unaudited financial statements for the year ended 31 July 2023.
## **Respective responsibilities of Trustees and independent Examiner**
The charity trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed.
As the Independent Examiner, it is my responsibility to:
- Examine the accounts under section 145 of the Charity Act
- To follow the procedures laid down in general guidance issued by the charity commission, and
- State whether any specific matters have come to my attention
## **Basis of the independent examiner’s report**
My examination was carried out in accordance with the general guidance given by the Charity Commission. An examiner includes the review of the company accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unused items or disclosures in the accounts and seeking an explanation from you as the Trustees of the charity concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given by the accounts.
## **Independent Examiner’s Statement**
In the course of my examination, no material matter has come to my attention:
1. Which gives me reasonable cause to believe that in, any material respect the Trustees have not met the
- requirement to ensure that:
- Proper accounting records are not kept; and
- Accounts are prepared which agree with the accounting records
In my opinion, accounts accurately reflect Charity’s financial performance and position for the year ended 31 July 2023.
## Yours truly,
## Kemo N Camara ACCA
Accountant