Charity registration number 1158515 Company registration number 0882S542 {England and Wales) ARK RESETTLEMENT SERVICES (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ARK RESETTLEMENT SERVICES LEGAL AND ADMINISTRATIVE INFORMATION Trustees A Linlon- Chair H Sutcliffe - VI Chair J Jenkins G Slowe- Treasurer M Ford P Wallace N Purchase (Appointed 15 October 20231 Secretary A Linlon Senior management Kingslèy Bempah Lloyd Walker Cheif Executive Officer Director of Housing Operations Charlty number 1158515 Company number 08825542 Principal address Unil 209 28 Lawrence Road London N154EG Reglstered offlce Unil 209 28 Lawrence Road London N154EG Audltor AGP Consulting Q West Great West Road Brenlford TW8 OGP Bankers Barclays Bank UK PIC Epping Branch Leicester Leistershire LE87 2BB
ARK RESETTLEMENT SERVICES CONTENTS Pagg Trustees report statement of trustees responsibilities Independent auditorfs report 10-12 Stslemenl of financial activities 13 Balance sheet 14 Stslemenl of cash flows Notes lo the financial ststemenls 16-27
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the financial statements and comply with the charty's governing document, thè Companies Act 2006 and "Accounting and Reporting by Charities". Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. ObJectlves and actlvltles To reconnect people on probation with their communities by increasing their stability, self-confidence, ernployment and housing opportunities, ultimately ending the cycle of reffendlng. 1. To reduce the factors that lead lo offending such as poverty, soaal exclusion and homelessness. 2. To improve beneficiaries. social and living skills. 3. To provide the stable environment needed for people on probation to integration back into the community. 4. To increase beneficiaries, access to skills training and employment. Ensure ourwort delive our aims We review our aims, outcomes and objectives regularly by utilising frameworks from the Charities Evaluation Services ICES) lo evaluate and monitor our working practices. The nature of our Client base means our work is fast moving and oftentimes volalile,. therefore we implement a rigorous risk assessment procedure. Using this. we can manage our ability lo suc¢essftJlly deliver the services to those we are sel up to help. We slay engaged with changing social policy and liaise with local and national govemmenlal services. ensuring we have a¢¢ess lo the most up lo date information when conducting reviews. This review looks at the success of each key activity and the benefits they have brought over the past 12 months lo our largel service users and wider public lo whom we have a duly of care. We have referred lo the guidanee contained in the Charity Commission's general guidance on public benefit when reviewng our aim and objectives and in planning our future aclivilies. Str&legies forachieving aims snd objectives Our main objectives for the year continued to be the provision of resetuement support to assist reintegration of offenders into society. The strategies we used to meet these objectives included.. Primarily providing accommodation as well as a range of support services responsive lo the needs of offenders and reflective of relevant social care and community standards Limiting the risk of reoffending and minimising the hami of destructive behaviour patterns for homeless offenders and the wder London Community. Improving our knowledge and applicab'on of national standards of service and working towards the implementation of the National Occupational Standards. Partnering with stalulory and local community agencies, particularfy the National Probation Services INPSI, Local Authorities and the Police, Prisons,Social Services, Approve Premises, Home Office lo secure refetrals and improve the range of support 5ervice5 for service users. Public benefit The Trustees have complied with their duty in Section 4 of the Charities, Act 2011 to have due regard to guidance published by the Charities. Commission on public benefit. Our main activities focus on the rehabililalion of homeles5 offenders toward heaf(hy, socially responsible and self- sufficient lifestyles. All activities listed below are undertaken lo progress our charitable purposes for the public benefit.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Social investments Training We are committed to enhancing our approach lo addressing mental health cOnrS both within ARKRS and in the broader community. To this end, we provided specialised training lo staff members, such as Mental Health First Aid and Equality, Diversity, and Inclusion Awareness. These programs strengthen our methods and deepen our organisational commitment to mentsl health and inclusivity. To further improve our servIs, we invested in a cloud-based information storage system in 2022. This year, we have trained our staff to efficiendy utilise the CRM, ensuring that our team is well-equipped to manage client information and deliver services more effectively. Volunteers As a busy charity, we strive lo ensure that our volunteer recruitment process guarantees that volunteers receive proper training, supervision, and support. Our goal is to create a mutually beneficial experience that enables volunteers lo gain value from their lime wth us while delivering a higlFqualily service. Over the past year, we had 3 volunteers who supported the CARE project activities, focusing primarily on mental and physical health sessions where we identified a need for assistance.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfom)ance Significant activities and achievements against objectives The main areas of our charitable work include the provision of housing, 1."1 support session, signposting to training and educational services, and advice and infomation. Support is delivered via our community hub, floating support, supported housing services. We provide support, establishing the recovery support plan and crisis-relapse intervention, and medication management including monitoring self-medication. Housing We acquired new properties wrf(hin the boroughs of Haringey and Enfield, which has provided shared accommodation for our service users. Housing is provided for a 6 24 month teim, after which service users are supported lo gain independent accommodation. In the past 12 months, we have received 205 ferra1$ and provided support lo 225 individuals.. 110 through our generic services. 35 through OLJr Moving Forward program, 22 individuals through our most recent AFEO Project (Accommodation for Ex-offendersl service. and 58 individuals through our newly launched CARE (Community Action to Retrain Ex-offendersl program. Each accommodation unil is reviewed for health and safely checks and comes wf(h essential goods for living. The service users are encouraged to live socially and share responsibilities regarding the upkeep lo communal areas lo help them leam the basic social and living skills. Moving Foal Project ARKRS IArf( Resettlement Services) Moving Fotward Project is an innovative Project co-commissioned by Haringey council and National Probation Service to accommodate and support 25 service Ljsers over 12-18 months. The support will help to prepare to transition from prison back into the diverse communities of the London Borough of Haringey. The project aims lo support these service users wth move-on provision for long-lerm sustainable accommodation. This is lo be delivered alongside transf(ion housing Iprovided by ARKRSI, so they have stability during the initial transition out of prison. CARE fCommunilyAction lo Retrain Ex-offendersj A grant from the City Bridge Trust will enable us deliver a 3-year CARE (Community Action to Retrain Ex-offendersl Projed, that will support 180 vulnerable people on probation over 3 years (aged 18-301, who are suffering from social isolation, anxiety, low confiden, employment barriers and opportunities to self-develop and integrate In their communities. Without support, they are al high risk of delerioraling mental health, sustained unemployment, continued life of low achievement succumbing to the templalion lo re-offend. We are pleased lo say that we are having pos(tive engagement lo the service since it's launch. AfEO (Accommodation forEx-off8nd8rsJ The project will be designed to address the multiple challenges that individuals face upon release from prison, including finding stable housing, securing employment, accessing healthcare and mental health services, and building supportive and cohesive relationships in the community. The housing provided Iby Haringey Council) will be affordable and supportive, offering a safe and stable environment for individuals as they transition back into society and pro social mindset. The housing wll be in a community that is supportive of individuals who are returning from prison, with access lo public Iransportalion, employment opportunities, and community services. Outreach We have improved our social media channels dedicated to providing up-to-date information about our services. Additionally, we are curating valuable content for a client-focused newsletter, which will highlight our activities, share the benefits of our work, and offer important signposts to relevant resources and opportunities.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 We have also achieved a significant outcome related to our strategy. In the past 12 months, we have identified a need for a Head of Operations, whom we have successfully hired. In addition. we have been working closely with an agency to develop our long-lerm strategic plan. We have refined our organisab'onal goals and explored avenues for the nexi decade through research and workshops. We're pleased to report an increase in successful transitions lo independent living for our service users this year. We've directly supported them in securing their own accommodation, and additionally, obtained a self-conlained flat to provide temporary housing for clients who are prepared for greater independence. We have also introduced several new activities that have enabled service users struggling with low self-esteem and trust issues to step outside of their comfort zones. Socialising with peers who have overcome adversity, facilitated by various activities. acts as an effective icebreaker. As a result of these activities, a supportive and fun environment is created, which encourages open communication and the development of new friendships. Flnanclal revlew The charity has spent the past year creating relationships with other organisalions and establishing our working practices. We are working lo distribute our financial resources effectively and have invested in staff compared lo the previous year. The contributions of volunteers and support staff throughout the year has enabled us lo develop our services, helping to generate a positive financial outcome for the period. We received funding from The John Armvcage Charitable Trust, Haringey Council, Enfield Council, Community Fund, Tudor Trust, City Bridge Trust. Lloyds Bank Foundation, Trust for London and Social Investment Business. Moving forward we will actively pursue fundraising opportunities to enable us to increase our resources, particularly the addition of in-house financial management and staff rith social carelhousing management experience. The charity's activities for the year generated income of £1,468,86012022.. £1,266,045 restated I which resulted surplus of £119,87912022." £82,100 restaledl. The fund as al the year end is £362,18512022', £242.306 restsledl. ReseThes policy The Trustees have examined the charitls requirements for reserves in light of the main risks to the organisation. The main costs of the charity are rent payable to the landlord and staff costs. The rent payable is covered by the housing benefits received from the councils, leaving an excess to cover some of the staff costs and other expenses. The remaining costs are covered by receiving grants and donations. The Trustee's policy is that the charity will build up free reserves sufficient to cover the charity's operating costs for a typical 6 months and that further reserves should be pul in place lo cover any major expenses ahead of when il is needed. Principal funding sources The principal ftjnding sour$ for the charity are solely from additional trading income. In order to be sustainable, the charity must seek funding from other agencies, ulilising the advice from other charitable organisations as well as the fundraising advisor to identify funding for the future. We are working on a fundraising strategy document lo focus our needs and in tum improve our funding opportunities. Investment poIY The charity is still developing a solid board of trustees,. therefore, we do not currently have a definitive investment policy. Decisions regarding investment are in development, and wll remain a priority moving fOnard.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Major risks Risk management is a key factor in the organisation. Members of the management committee conduct stringent reviews of the major risks to which the chaiily is exposed. This can come from the services users and their affiliates, therefore a quartedy risk assessment is made regarding all service users and updated accordingly. The Management Committee has also conducted a review of the major risks associated with the charity operations such as funding and resources. Risk management tools have been developed and are updated regularfy. We will work to improve our risk management procedures. and formalise a risk register. Procedures are in place to ensure compliance with health and safety of staff, volunteers. clients and visitors lo the properties and to the main office. These procedures are periodically reviewed lo ensure that they continue lo meet the needs of the charity. The nature of our client group requires sensitivity and discretion,. therefore, we work dosely with organisalions to manage risk. Clients include those managed under Multi-Agency Public Protection Arrangements IMAPPAI and Inlegraled Offender Management IIOMI clients. Their suitability for our services is assessed using a three-stsge process which helps lo mitigate risks associated wth those with offending histories. In order lo be considered, referring agency must submit a comprehensive referrals form. If the service user is deemed eligible an initial assessment is completed, then they are invited to an interview with a reselllemenl offIr$. The final decision is made by an internal review panel consisting of the director, operations manager and support staff. Vvhilst we promote social integration and public acceptance of rehabilitated offenders we still understand the need to manage the risk lo themselves and lo the public. Information regarding the offender's progress is shared with Probation staff through monthly Ihree-way meetings, regularly al IOM PanellMAPPA. We attend weekly Gang Information Meetings with the Local aulhorrfties, National Probation Service and the Police. Challenges faced byARKS due post pandemic and cost of living There are a number of challenges ARKRS is facing due lo inflation, staffing costs, and staff relenlion, all of which are increasing substantially. The rising cost of energy and other goods and services will cause expenditures lo increase more than previously anticipated. We are committed to reducing energy use by monitoring ulilily bills and switching to green tariffs. Smart meters are being installed in all houses and Hive Home is used to control energy consumption. Smart energy use enables us to control it remotely for efficient use and lower environmental impact. Adaplabilty has been key lo keeping consistency within the charity. Keeping produclivily of ARKRS ServIS and keeping service users safe while also making sure we give enough attention to each Individual. Cost of living" has been a continuous challenge that also affects our clients. Often, service users are trapped in povety traps as they are faced with a variety of social challenges and boundaries. A majority of our service users experience discrimination when il comes lo housing and employment. Approximately 900A of our service users do not have a deposit, a guarantor, or a network of individuals who can assist them in securing a rental propety. ARKRS is increasingly having to provide funding support to Servi users who may not have enough income to cover basic necessities. The increasing Servi user wailing list presents us with the challenge of finding suitable accommodation lo house our service users in the private sector, the accommodation has to be fil for purpose and have a landlord who is sympalhelic lo the needs ofARKRS service users. Our experience has tsught us that partnership, collaboration, and close Collaboration are essential lo meeting this challenge. Our working relationship with local aulhorilies, landlords, and lelling agents was strengthened during the grant. As part of our work with setvice users. we assist them in identifying the most appropriate solutions and journeys to become less dependent on benefits. Our strategy consists of strengthening their ETE (Employment, Training, Education) skills, which indude Education, Training, Employment, and Self-Development skills. In order to cope with their fears and traumas, we support our clients in seekin9 out counselling services as part of their self- development.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for future perlods Plans are being developed to work on broadening our income spectrum by exploring funding opportunities which will help to strengthen our outreach initiatives and invest in move on support. We are developing a strong Board of Trustees with additional members who wll bring other areas of expertise li.e. Legal, finan) lo the table to ensure the Board of Trustees has a wide skillset to offer the staff members. The Board of Trustees are separate from the staff team and can offer guidance in key areas, help with fundraising efforts, and oversee the smooth operation of the organisation. Improving relationships with landlords is key lo our growth and success, so we will need lo establish new relationships with landlords to securing further accommodation. Over the past year, we began exploring the possibility of becoming a registered social landlord for 2023-2024 to reduce our main expenditure on leasing properties. With funding secured throLJgh social investment and development loans from Trust for London and Social Investment Business, we were able to develop our own housing stock. 11 is a great pleasure for us lo have achieved this goal, which started us on the path lo acquiring our first non-leased property. Consequently, we hope lo be able lo Increase our capacity and therefore better serve our clients. Ark Resetllemenl servIs has successfully acquired its first non-leased property located at 23 Winchelsea Rd, N17 6XJ. We have received a generous support of £17,0000 from Social Investment Business and £300,000 from Trust for London lo purchase our first property. The property is currently undergoing a loft conversion, which will allow us to add two additional rooms, thereby maximising our service delivery and support Capabilities. Structure. governance and management The organisation is a charitable company limited by guarantee, incorporated on 24th December 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the charity being dissolved or winding up members are required lo contribute an amount not exceeding £10. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financial statements were.. A Linlon - Chair H Sutdiffe - Vice Chair J Jenkins G Slowe- Treasurer M Ford P Wallace M Reses N Purchase (Resigned 15 October 20231 (Appointed 15 October 20231
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Recmilmenl and appointment oftruslees The directors of the company are also charity Iruslees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they musl be re-elected al the next Annual General Meeting. Ms Helena Sutcliffe, Mr Andrew Linlon. Ms Jan Jenkins, Mr Gilbert Slowe, Mr Martin Ford, and Mr Paul Wallace retired by rotation and, being eligible, offer themselves for re-election. Membership is open to individuals or organisalions who can help to progress and support the work of the charity. Due lo the nature of our dient base, much of our work is done with male offenders, particularly those of a younger demographic. To enhance the potential pool of Iruslee5, the charity ulilises support from Bridge Renewal trust and is networking with local organisalions who can bring their experience and knowledge lo the charity. The management committee seeks to ensure that the needs of this group are reflected through the diversity and experience of the trustee body. The membership committee is fomied of key professionals wthin the Haringey social service sector. We have actively sought to involve service users in the membership committee, and we pursue suitable members accordingly. All members of the Management Committee give their time voluntarily and received no benefits from the charity. Expenses incurred as part of their charitable activities are reimbursed. We currently distribute the information provided by the Charity Commission, bul we would like lo adapt this to our own practices, lo include.. The obligations of Management Committee members. The main documents which set out the operational framework for the charty including the Memorandum and Articles. Resourcing and the current financial position as sel out in the lalesl published accounts. Future plans and objectives. This will be distributed to all new Iruslees along with the Memorandum and Articles and the lalesl financial slatemenls. Org8nis&lional slwcture Ark Resettlement Services has a Management Committee of up to 7 mernbers who meet quarterfy with occasional extraordinary meetings and are responsible for the strategic direction and policy of the charity. Al present the Committee has five members including the directors, from a variety of professional backgrounds relevant lo the work of the charity. The Secretsry also sils on the Committee bul has no voting rights. As per the memorandum and articles of association, the director may delegate any of their powers to a commrttee of two or more directors. The CEO and Director of Housing Operations have the day to day responsibility for the provision of services of the charity. The CEO is responsible for overseeing the delivery of the objects and that key performance indicators are met, He liaises with allied organisalions and has responsibility for the day lo day management of the charity with support from the Service managers. Key lo the role Is monitoring the overall progress of the staff, and providing opportunities for stsff training and development lo ensure that good working practices are mel.
ARK RESETTLEMENT SERVICES TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Relationship with WrnetwO The charity ensures that it is kept abreast of local and national policy complimentary to its objects. At national level offender rehabililalion is spearheaded the National probation Servi INPSI, The Police, The charity has also rnade links with organisalions that deal with the many issues that offenders may suffer from including, drug abuse, alcohol dependency, and poor mental health. We have engaged with other voluntary organisations who focus on supporting our service users. Auditor In accordan with the company's articles, a resolution proposing that AGP Consulting be reappointed as auditor of the company will be put al a General Meeting. The trustees report was approved by the Board of Trustees. A Linton- Chair Trustee 30 October 2024
ARK RESETTLEMENT SERVICES STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees. who are also the directors of Ark Resettlement Services for the purpose of company law, are responsible for preparing the Trustees Report and the financial stslemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and applicaliDn of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial st8leTnenls, the trustees are required to". select suitable accounting policies and then apply them consistenuy., observe the methods and principles in the Charities SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable UK Accounts"ng Stsndards have been followed, subject lo any material departures disclosed and explained in the financial slalements", and prepare the financial slalements on the going concern basis unless r( is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo 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 tsking reasonable steps for the prevention and detection of fraud and other Irregularities.
ARK RESETTLEMENT SERVICES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARK RESErrLEMENT SERVICES Oplnlon We have audited the financial statements of Ark Resettlement Services Ithe 'charity'l for the year ended 31 December 2023 which comprise the statement of financial adivilies, the balance sheet, the statement of cash flows and notes to the financial slatemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and RepublK of Ireland Iuniled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial slalemenls". give a true and fair view of the slate of the charitsble Company's affairs as at 31 December 2023 and of its incoming resources and application of resources. for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing IUIQ IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorts spOnSIbl1rt1eS for the audit ol the financial slalements section of our report. We are Independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stslemenls, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubt on the charity's ability lo continue as a going concern for a period of at least fvlelve rnonlhs from when the financial slalements are authorised for issue. Our responsibilities and the responsibilities of the trustees Imth respect lo going Concern are described in the relevant sections of this report. Other inforniation The other information comprises the information induded in the annual report other than the finamial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion Ihereon. Our responsibility is lo read the other Information and, in doing so, consider whether the other Information is materially Inconsistent wlh the financial statements or our kllOedge obtained in the course of the audit, 01 otherwise appears lo be materially misstated. If we identify such material Inconsi51encies or apparent material misslalemenls, we are quired lo determine whether this gives rise lo a material misstalemenl in the financial stslements themselves. If. based on the work we have performed, we conclude that there is a material misslalement of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinions on othor mattèrs prescribèd by thè Compani8s Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the financial statements., and the directors. report included within the trustees report has been prepared in accordance with applicable legal requirements. 10-
ARK RESETTLEMENT SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ARK RESErrLEMENT SERVICES Matters on whl¢h we are requlred to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the infomiation given in the financial stslemenls is inconsistent in any material respect wi(h the trustees report", or sufficient accounting records have not been kept.. or the financial slalements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in the statement of trustees responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Iruslees determine is neSSary ID enable the preparation of financial statements that are free from material misstslemenl, whether due lo fraud or error. In preparing the financial statements, the Iruslees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matter5 related lo going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitable company or to cease operations. or have no realistic altemalive but to do so. Audltorfs responslbllltles for the audlt of the flnanclal ststements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and lo issue an auditDrfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will aayS delecl a material misslalement when it exists. Misslatemenls can arise from fraud or error and are considered material If, individually or In the aggregate, they could reasonably be expected lo influence thè economic decisions of users taken on the basis of these financial slalemenls. The extent lo which our procedures are capable of detecting irregularities, Including fraud, Is detailed below. We obtained an understanding of the legal and regulatory requirements applicable ID the company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, UK financial reporting standards as issued by the Financial Rèporting Council and UK laxalion legislation. We assessed the risk of material misslalement of the financial slalemènls. including the risk of material misstslemenl due lo fraud and how it might occur, by holding discussions with management and those charged with governan. We inquired of management and those charged wth governan as to any known instan$ of non- compliance or suspected non-compliance with laws and regulations. We obtained an understanding of how the charitable company complies wth these requirements by discussions with management and those charged with governance. Based on this understanding, we designed specific appropriate audit procedures lo identify instances of non-compliance with laws and regulations. This included making enquiries of management and those charged with govemance and obtaining additional corroborative evidence as required. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance wth laws and regulations that are not closely related lo events and transactions reflected in the financial slalements. Also, the risk of not delecling a material misstslemenl due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentalions, or through collusion. A ftjrther description of our responsibilities is available on the Financial Reporting Council's website al. https'll www.frc.org.uklaudilorsresponsibilities. This description fomis part of our auditor's report.
ARK RESETTLEMENT SERVICES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ARK RESErrLEMENT SERVICES Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit worf( has been undertaken so that we might slate to the charity's trustees those matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity s ttuslees as a body, for our audit work, for this report, or for the opinions we have formed. Faroque Ahmed (Senior Statutory Audltorl for and on behalf of AGP Consulting 30 October 2024 Chartergd Accountsnts Statutory Auditor Q Wesl Great West Road Brentford TVV8 OGP AGP Consulting is eligible for appointment as auditor of the charity by virtue of f(s eligibility for appointment as auditor of a company under section 1212 of the Companiès Act 2006. 12-
ARK RESETTLEMENT SERVICES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Totsl 2023 2022 Notes In¢om9 from: Donations and legacies Charitable activities Investments 139,650 981,722 2,102 345,386 485,036 981,722 2.102 142,750 960,148 168 162,979 305,729 960,148 168 Totsl Income 1,123,474 345,388 1,468,860 1.103.066 182,979 1,266,045 Expenditure on- Raising funds Charitable activities 65,546 1,106,108 65,546 177,327 1,283,435 35,152 980,601 35,152 168,192 1,148,793 Total gxpenditur 1,171,654 177,327 1,348,981 1,015,753 168,192 1,183,945 Net Incomellexpendlturel and movgmgnt in fund$ 148,1801 168,059 119.879 87,313 15,2131 82,100 Reconclllatlon of funds: Fund balances al 1 January 2023 225,814 16,492 242,306 138,501 21,705 160,206 Fund balances at 31 December 2023 177,634 184,551 362,185 225,814 16,492 242,306 The statement of finanaal activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activities. The notes on pages 1 S lo 27 form part of these financial stslemenls. 13-
ARK RESETTLEMENT SERVICES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 12 8,452 7,463 Current assets Debtors Cash at bank and in hand 13 33,295 358,204 31,435 228,934 389,499 260,369 Credltots: amounts falllng due wlthln one year 14 135,7861 125,5261 Net current assets 353,733 234,843 Totsl assets less current liabilities 362,185 242,306 The funds of the charity Restricted income funds Unrestricted funds 16 17 184,551 177,634 16,492 225,814 362,185 242,306 The company is enliued to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023, although an audit has been carried out under section 144 of the Charitie5 Act 2011. These financial statements have been prepared in accordan wlh the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Iruslees on 30 October 2024 A Linton- Chair Trustee Company registration number 08825542 (England and INalesl 14-
ARK RESETTLEMENT SERVICES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from opgratlng actlvltlgs Cash generated from operations 21 128,325 104,105 Investing activities Purchase of tangible fixed 8ssels Investment income received 13,1571 2,102 15,0941 168 Net cash used In Investlng actlvltles 11,0551 14,9261 Net cash used in financing activities Net increase in cash and cash equivalents 127,270 99,179 Cash and cash equivalents at beginning of year 228,934 129,755 Cash and cash 9qulvalents al end of y9ar 356,204 228,934 15-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charity infomiation Ark Resettlement Services is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 209, 28 Lawrence Road, London, N15 4EG. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wth the charity's constitution, the Companies Act 20C6, FRS 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities." Stslemenl of Recommended Practice applicable lo chaiilies preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial stslemenls are prepared in sleding, which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepad under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Prior period error During the year it was noted that the income and expenses were under and over stated respectively as such the reserves has been understated. Adjustments have been made lo the comparative figures and balanS and the correction of the opening reserves. Details of the adjustments are shown in note 23. 1.3 Going concern Al the lime of approving the financial stslemenls, the trustees have a reasonable expedalion that the Charity has adequate resources lo continLJe in operatlDnal existence for the foreseeable fLJture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. 1.6 Income Al incoming resources are included in the Statement of Financial Activities ISOFAI when the charrty is legally entitled to the income after any performance conditions have been mel, the amount can be measured reliably and It is probable that the Income will be received. Income from the council is recognised when ceiVed or receivable whichèver is earfier. Donations are recognised On the charity has been notified of the donation, unless performan condrtions require deferral of the amount. Gift aid is induded if Claimable. Grant income is credited to the Slalement of Financial Activities when received or receivable whithever is earfier, unless the grant relates lo a future peri¢Jd, in which case il is deferred. 16-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity,. this is normally upon notificab'on of the interest paid or payable by the Bank. 1.6 Expenditure l expenditure is accounted for on an accruals basis and has been Classified under headings that aggregate all costs relaled to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement ¥MII be required and the amount of the obligation can be measured reliably. Charitable activities comprises the direct cost, staff costs and overheads, induding governance costs of carrying out the charity's objectives. Govemance costs includes the cost of compliance with conslilulional and slalutory requirements. Costs of raising funds includes the direct costs relating to raising funds. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose. Supt)ort costs are those that assist thè work of the charity bul do not directly represent charitable activities and include office costs, govemance Costs, adminislralive payroll costs. They are incurred directly in support of expend(ture on the objects of the charity and include project management carried out al the office. here support costs cannot be directly attributed lo particular headings they have been allocated lo cost of raising funds and expenditure on charitsble activities on a basis consistent with use of the resources. 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is re¢ognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings Computers 20°h reducing balance 330/0 slraighl line The gain or loss arising on the disposal of an asset is determined as the difference been the sale proceeds and the carrying value of the asset, and is recognised in the statement of finanaal activities. 1.8 Impairment of fixed assets Al each reporting end dale. the Charity reviews the Carrying amounts of its tangible assets to determine whether there is any indication thal those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss lif any). 1.9 Cash and cash equivalents Cash and ¢ash equivalents indude cash in hand. deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 17-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.10 Flnancial instrum8nl$ The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan8, are initially measured at transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured at the present value of the ftjlure receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. 8aslc financlal liabilities Basic financial liabilities, including creditors are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilf(ies dassified as payable within one year are not amortised. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are ¢lassified as ¢urrenl liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially al Iransa¢lion price and subsequenuy measured at amortised cost using the effedive interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.11 Retirement benefits The charity operates a defined contribution pension scheme. Contributions payable lo the charitys pension scheme and are charged lo the Statement of Financial Activities in the period which they relate lo. Income from donations and legacies Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Donations and grfts Grants 14,650 125,000 14,650 470,386 3,500 139.250 3,500 302,229 345,386 162,979 139,650 345,386 485,036 142,750 162,979 305,729 18-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In¢omg from donatlon$ and 19gac19$ Icontlnugdl Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Donations and gifts Access Reach Funds Chesterhill Charities Middlesex University NCL VCSE Allian VSCE ICS 8,400 1,000 1,000 4,250 8.400 1,000 1,000 4,250 1,000 1,000 2,500 2,500 14,650 14,650 3,500 3,500 Grants John Armitsge Charitable Trust Lloyd Bank Foundation The Tudor Trust City Bridge Trust Communty Fund Moving forward project GMHP Floating support-AFEO 70,000 25,000 30,000 70.000 25,000 30.000 62,500 128,000 154,886 80.000 27,250 32.000 80.000 27,250 32,000 62,500 128,000 154,888 129,551 6,230 27,198 129,551 6,230 27,198 125,000 345,386 470,386 139,250 162,979 302,229 Income from charltsble actlvltles Unrestrlcted funds 2023 Unr9Strlct&d funds 2022 Charitable Activitiey Charitsble rentsl income 981,722 960,148 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 2,102 168 19-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlture on ralslng funds Unrestricted Unrestricted funds funds 2023 2022 Fundraising and publicty Seeking donations, grants and legacies 65,546 35,152 Expendlture on charltable actlvltles Charitable Activities 2023 Charitable Activities 2022 Dlrect costs staff costs Staff training and entertainment Rent Rates Light and heal Maintenance repairs Advertising Vehi¢le leasinglhirelother motorllravel costs Telephone 329,032 269 597,446 55,841 51,967 58,604 13,398 9,866 24,461 278,995 1,689 570.755 50,790 44,560 58,968 9,664 6.572 16,174 1,140,884 1,038,167 Shar9 of support and govgrnance ¢o$ts1$90 notg 71 Support Governance 78,865 63,686 52,081 58,545 1,283,435 1,148,793 Analysis by fund Unrestricted funds Restricted funds 1,108,108 177,327 980,601 168,192 1,283,435 1,148,793 -20-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocated to actlvltles Charitable Activities 2023 Total 2022 Depreciation Bank charges Administrative costs Corporation lax not recoverable Office rent Print, postage and ststionery Computer and IT costs Insurance Other office costs Donations Governance 2,168 2,605 300 13,554 34,050 2,249 7,703 15,420 636 180 63,686 4,096 2,630 750 27,700 318 2,393 10.359 3,721 96 58,545 142.551 110,626 Net movement in funds 2023 2022 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the audit of the charity's financial statements Depreaalion of owned tangible fixed assets 8,000 2,168 4,096 Trustees None of the trustees lor any persons connected with them) reiVed any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was.. 2023 Number 2022 Number 13 21
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Employ99$ Icontlnugdl Employmgnt ¢o$ts 2023 2022 INages and salaries Social security costs Other pension costs 300,632 22,416 5,984 257,971 16,506 4,518 329,032 278,995 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2023 Number 2022 Number £60,001- £70,000 Remuneration of key management personnel The remuneration of key management personnel was as follows". 2023 2022 Aggregate compensation 65,500 11 Taxation The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of charitable company for UK corporation tax purposes. -22-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble fixed assets Fixtures and ffttings Cornputers Totsl Cost Al 1 January 2023 Additions 8,468 9,197 3,157 17,665 3,157 Al 31 December 2023 8,468 12,354 20,822 Depreciation and impairment Al 1 January 2023 Depreryalion charged in the year 4,223 637 5,979 1,531 10,202 2,168 Al 31 December 2023 4.860 7,510 12,370 Carrying amount Al 31 December 2023 3.608 4,844 8,452 Al 31 December 2022 4,245 3,218 7,463 13 Debtors 2023 2022 Amounts falllng due wlthln one year: Corporation lax recoverable Other debtors Prepayments and accrued income 13,554 17,881 20.146 13,149 33,295 31,435 14 Creditors- amounts falling due within one year 2023 2022 Other tsxation and social security Other creditors Accruals and deferred income 14.223 13,543 8,000 10,236 10,490 4,800 35,766 25,526 15 Retlr&ment b&n&flt schemes 2023 2022 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 5,984 4,518 -23-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Rgtlrgmgnt bgneflt s¢h9mg$ Icontlnugdl The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charty in an independently administered fund. 16 Rfrstrlcled fund$ The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At 1 January 2023 Incomlng resource$ Resources expended At31 Decembgr 2023 16,492 345,386 1177,3271 184,551 Previous year- At 1 January 2022 Incoming Resources resources expended At31 December 2022 21,705 162,979 1168,1921 16,492 17 Unrestrlcted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated ftjnds which have been sel aside out of unreslricled ftjnds by the trustees for specific purposes. At 1 January 2023 Incomlng resources Resources expended At31 December 2023 General funds 225,814 1,123,474 11,171,654) 177,634 Previous year- At 1 January 2022 Incoming resources Resources expended At31 December 2022 General funds 138,501 1,103,066 11,015,753) 225,814 -24-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Analysls of net assets between funds Unrestricted funds 2023 Rg$trict9d funds 2023 Totsl 2023 At 31 December 2023- Tangible assets Current assetsllliabililiesl 8,452 169,182 8,452 353,733 184,551 177,834 184.551 362,185 Unrestrlcted funds 2022 Restrlcted funds 2022 Totsl 2022 At 31 December 2022- Tangible assets Current assetsllliabililiesl 7,463 218,351 7,463 234,843 16,492 225,814 16,492 242.306 19 Events after the reportlng date The Charity has acquired their first non-leased propety for £629,000. The mortgage outstsnding as at the dale of purchase is £350,000. 20 Related party transactions Transactions with related parties During the year the charity entered into the followng transactions with related parties.. pUhaS0 of goods 2023 2022 Enlilies with control, joint control or significant influence over the company 375,424 461,150 375,424 461,150 -25-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Rglatgd party transa¢tlon$ Icontlnugdl The following amounts were oulslanding at the reporting end dale.. Amounts owed by related Amounts owed by related partles partle$ 2023 2022 8alanGe Balance Net Net Enlilies with control, joint Control or significant influence over the company 1,694 1,694 11501 11501 1,694 1,694 11501 11501 21 Cash generated from operatlons 2023 2022 Surplus for the year 119,879 82,100 Adjustments for.. Investment income recognised in statement Df financial activities Depreciation and impairment of tangible fixed assets 12,1021 2,168 11681 4,096 Movements in working capital.. Ilncreasel in debtors Increase in creditors 11,8601 10,240 17,4491 25,526 Cash generated from operatlons 128,325 104,105 22 Anatysis of changes in net funds The charity had no material debt during the year. 23 Prior period adjustment -26-
ARK RESETTLEMENT SERVICES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Prlor perlod adlustment Icontlnugdl Chang9$ to tho balan¢9 $h99t At 31 December 2022 As previously Adjustment reported As restated Current assets Debtors due within one year Creditors due within one year Taxation 1126,2531 157,688 31,435 3,753 113.9891 110,2361 Nel assets 98,607 143,699 242,306 Capital funds Income funds Restricted funds Unrestricted funds 3,283 95,324 13,209 130,490 16,492 225,814 Total equity 98,607 143,699 242,306 Changes to the profit and loss account Pgrlod ended 31 Dgcgmbgr 2022 As previously Adjustment As stated reported Donations and legacies Charitable activities 305.729 124,7111 305,729 960,148 984,859 Charitable activities 1,011,474 137,319 1,148,793 Nel movement in funds 161,5991 143,699 82,100 -27-