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← Ark Resettlement Services

2024-12-31-accounts

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

Charity registration number 1158515

Company registration number 08825542 (England and Wales)

ARK RESETTLEMENT SERVICES

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Linton
H Sutcliffe - Vice Chair
J Jenkins - Treasurer
G Stowe - Chair
M Ford
N Purchase
Secretary A Linton
Senior management Kingsley Bempah Cheif Executive Officer
Charity number (England and Wales) 1158515
Company number 08825542
Principal address Unit 209
28 Lawrence Road
London
N15 4EG
Registered office Unit 209
28 Lawrence Road
London
N15 4EG
Auditor AGP Consulting
Q West
Great West Road
Brentford
TW8 0GP
Bankers Barclays Bank UK Plc
Epping Branch
Leicester
Leistershire
LE87 2BB

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

CONTENTS

Page
Trustees report 1 - 9
Statement of trustees responsibilities 10
Independent auditor's report 11 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 29

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

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 charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

To reconnect people on probation with their communities by increasing their stability, self-confidence, employment and housing opportunities, ultimately ending the cycle of re-offending.

  1. To reduce the factors that lead to offending such as poverty, social 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 our work delivers our aims

We review our aims, outcomes and objectives regularly by utilising frameworks from the Charities Evaluation Services (CES) to evaluate and monitor our working practices. The nature of our client base means our work is fast moving and oftentimes volatile; therefore we implement a rigorous risk assessment procedure. Using this, we can manage our ability to successfully deliver the services to those we are set up to help. We stay engaged with changing social policy and liaise with local and national governmental services, ensuring we have access to the most up to 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 to our target service users and wider public to whom we have a duty of care. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities.

Strategies for achieving aims and objectives

Our main objectives for the year continued to be the provision of resettlement support to assist reintegration of offenders into society. The strategies we used to meet these objectives included:

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 rehabilitation of homeless offenders toward healthy, socially responsible and selfsufficient lifestyles. All activities listed above are undertaken to progress our charitable purposes for the public benefit.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Social investments

Training

We are committed to enhancing our approach to addressing mental health concerns both within ARKRS and in the broader community. To this end, we provided specialised training to 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 mental health and inclusivity.

To further improve our services, we invested in a cloud-based information storage system in 2022. This year, we have trained our staff to efficiently utilise the CRM (Client Relation Management), ensuring that our team is wellequipped to manage client information and deliver services more effectively.

Volunteers

As a busy charity, we strive to 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 to gain value from their time with us while delivering a high-quality 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.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

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 information. 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 a new property within the borough of Haringey which has provided shared accommodation for our service users. Housing is provided for a 6 – 24 month term, after which service users are supported to gain independent accommodation.

In the past 12 months, we have received 286 referrals and provided support to 258 individuals:

All accommodation units undergo regular health and safety inspections, ensuring compliance with housing standards and risk management requirements. Each property is furnished with essential living amenities to support residents in maintaining stability and comfort.

Service users are encouraged to engage positively in communal living by sharing responsibilities for maintaining communal areas. This approach promotes independent living skills, social responsibility, and a sense of community cohesion, preparing residents for long-term independence beyond ARK’s supported environment.

Moving Forward Project

Co-commissioned by Haringey Council and the National Probation Service, ARKRS’s Moving Forward Project provides 12–18 months of transition housing and tailored resettlement support for 25 service users.

This programme supports our service users transition from prison back into the diverse communities of the London Borough of Haringey. The project aims to support these service users with move-on provision for long-term sustainable accommodation. This is to be delivered alongside transition housing (provided by ARKRS), so they have stability during the initial transition out of prison.

CARE (Community Action to Retrain Ex-Offenders)

A grant from the City Bridge Trust will enable us deliver a 3-year CARE (Community Action to Retrain Ex-offenders) Project, that will support 180 vulnerable people on probation over 3 years (aged 18-30), who are suffering from social isolation, anxiety, low confidence, employment barriers and opportunities to self-develop and integrate in their communities. Without support, they are at high risk of deteriorating mental health, sustained unemployment, continued life of low achievement and succumbing to the temptation to re-offend. We are pleased to say that we are having positive engagement to the service since it’s launch.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

AfEO (Accommodation for Ex-offenders)

The project is 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 (by Haringey Council) working in partnership with ARKRS offering a safe and stable environment for individuals as they transition back into society and pro social mindset.

Community Transition Outreach Project

A grant from National Lottery Community Fund. ARK Resettlement Service (ARKRS) Community Outreach Transition Project that supported over 150 BAME (Black, Asian, and minority ethnic) ex-offenders to transition to Haringey and Enfield communities. This program is devoted to creating, testing, and establishing great partnerships in Haringey and Enfield to build on our effective model. It took critical aspects of our approach and expanded the range of services available for our service users while implementing greater service user decision-making. During the first iteration, it was crucial to implement a high-quality pilot program focusing on providing housing and resettling vulnerable beneficiaries into our communities. Based on the needs of our service users, we identified that we needed to develop further our core services, including mental well-being programs and clinical care opportunities. As a result of the pandemic, there was a greater need for services to help cope with the loneliness and isolation felt by our service users. To deliver online services to our beneficiaries and provide them with future employment opportunities, we recognised the need to develop their digital skills.

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.

In the past 12 months, we achieved a significant out in acquiring our first owned property 23 Winchelsea Road, also known as Lloyd Walker House this is Seven bed space. The property was acquired through social investment with a blended finance with grant and loan. We also celebrated our 10 year anniversary which has been a significant milestone for ARKRS. After developing our long-term strategic plan last year, we managed to review our first year strategic objectives. We have refined our organisational goals and explored avenues for the next decade through research and workshops.

We're pleased to report an increase in successful move on for our service users this year. We've directly supported them in securing their own accommodation, and additionally, obtained a self-contained 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.

Financial review

The charity has spent the past year creating relationships with other organisations and establishing our working practices. We are working to distribute our financial resources effectively and have invested in staff compared to the previous year. The contributions of volunteers and support staff throughout the year has enabled us to develop our services, helping to generate a positive financial outcome for the period.

We received funding from The John Armitage 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 with social care/housing management experience.

The charity's activities for the year generated income of £1,685,822 (2023: £1,468,860) which resulted a surplus of £148,294 (2023: £119,879).

The fund as at the year end is £610,479 (2023; £362,185).

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves policy

The Trustees have examined the charity's 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 put in place to cover any major expenses ahead of when it is needed.

Principal funding sources

The principal funding sources for the charity are solely from rental income. In order to be sustainable, the charity must seek funding from other agencies, utilising 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 to focus our needs and in turn improve our funding opportunities.

Investment policy

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 will remain a priority moving forward.

Major risks

Risk management is a key factor in the organisation. The Board of Trustees conduct stringent reviews of the major risks to which the charity is exposed. This can come from the services users and their affiliates, therefore a quarterly risk assessment is made regarding all service users and updated accordingly.

The Board of Trustees 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 regularly. We will work to improve our risk management procedures. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the properties and to the main office. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

The nature of our service user group requires sensitivity and discretion; therefore, we work closely with organisations to manage risk. Clients include those managed under Multi-Agency Public Protection Arrangements (MAPPA) and Integrated Offender Management (IOM) service users. Their suitability for our services is assessed using a three-stage process which helps to mitigate risks associated with those with offending histories.

In order to be considered, referring agency must submit a comprehensive referrals form. There is a weekly referral and assessment meetings to discuss referrals and allocation. If the service user is deemed eligible an initial assessment is completed, then they are invited to an interview with a resettlement team. The final decision is made by an internal review panel consisting of the Services Manager and support staff.

Whilst we promote social integration and public acceptance of rehabilitated offenders we still understand the need to manage the risk to themselves and to the public. Information regarding the offender’s progress is shared with Probation staff through monthly three-way meetings, regularly partnership meeting.We attend weekly Gang Information Meetings with the Local authorities, National Probation Service and the Police.

Challenges Faced by ARK Resettlement Services (ARKRS) in 2024

The year 2024 has been one of significant transition and endurance for ARKRS. While we have continued to deliver essential resettlement and support services, the wider economic climate and social landscape have placed additional pressures on both our organisation and the individuals we support.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Economic Pressures and Funding Constraints

Persistent inflation and rising operational costs have placed strain on our financial sustainability. The continued increase in utilities, insurance, food, and maintenance costs has affected our ability to stretch limited resources. Although we have taken proactive steps to implement energy-efficient measures such as using smart energy systems and sustainable procurement, budgetary pressures remain a constant concern.

Grant funding has not kept pace with inflation, and the unpredictability of short-term funding streams continues to make long-term planning difficult. These financial limitations affect our ability to expand services and retain skilled staff.

Staffing and Workforce Challenges

Recruitment and retention have remained difficult, particularly as the voluntary sector competes with higher-paid positions in statutory and private sectors. Many of our team members are driven by purpose and compassion, but the reality of increased workloads and limited funding for staff development adds pressure. Maintaining morale, safeguarding staff wellbeing, and ensuring adequate supervision have therefore been key priorities throughout the year.

Rising Demand and Housing Barriers

Demand for accommodation and support continues to exceed supply. The waiting list for suitable housing has grown steadily as private sector rents rise and landlords become more cautious about accepting tenants with complex backgrounds. Many of our service users face additional challenges such as previous convictions, poor credit histories, or lack of references that make access to stable housing extremely difficult.

ARKRS has worked tirelessly to identify cooperative landlords and negotiate affordable options, but the scarcity of appropriate, safe, and affordable housing remains one of the most pressing barriers to resettlement.

The Ongoing Cost-of-Living Impact on Service Users

The national cost-of-living crisis continues to affect the people we support in profound ways. Many clients struggle to afford essentials such as transport, utilities, and food, often leading to debt or further instability. This financial pressure impacts mental wellbeing and makes it harder for individuals to focus on personal development or employment. ARKRS has stepped in to provide emergency assistance and advocacy, but demand for such support has increased sharply.

Complexity of Needs and Access to Services

Service users increasingly present with multiple and intersecting needs mental health challenges, trauma, substance misuse, and social isolation among them. Access to timely and appropriate mental health services continues to be a national issue, particularly for people leaving prison or temporary accommodation. This has required ARKRS to offer more holistic, wraparound support, often beyond our original remit.

Partnership and Systemic Challenges

While collaboration with local authorities and other partners remains strong, systemic issues such as fragmented referral pathways and bureaucratic delays can slow down the resettlement process. We continue to advocate for more joined-up approaches across agencies and strive to ensure that our service users are not lost between systems.

Organisational Resilience and Adaptability

In the face of these pressures, adaptability has become a cornerstone of our success. ARKRS has maintained flexibility in service delivery, adopting remote management tools, digital case recording, and new volunteer engagement models. However, sustaining innovation in the midst of financial uncertainty remains a constant balancing act between operational efficiency and compassionate care.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Plans for future periods

As we move into 2025, ARKRS remains committed to strengthening its foundations, improving efficiency, and enhancing the quality of support provided to service users. Our forward-looking strategy focuses on resilience, partnership, and sustainability.

Strengthening Financial Resilience

We plan to diversify our funding base through targeted grant applications, corporate partnerships, and community fundraising. By developing a three-year financial sustainability plan, we aim to improve cash flow management and reduce reliance on short-term grants.

Investing in People

A key focus will be staff wellbeing and development. We will introduce structured training pathways in traumainformed care, safeguarding, and leadership to build staff confidence and retention. Volunteer training programmes will also be expanded to create a stronger pool of support workers.

Expanding Housing Opportunities

ARKRS aims to strengthen relationships with ethical landlords and letting agents while exploring leasehold partnerships and social investment opportunities. We are assessing options for securing long-term properties directly under ARKRS management, ensuring more stability for our service users.

Enhancing Support Pathways

We will continue integrating ETE (Education, Training, and Employment) initiatives into our resettlement programmes, helping service users to develop transferable skills and greater independence. This will include collaborations with local colleges, job centres, and training providers.

Improving Access to Mental Health and Wellbeing Services

Through partnerships with counselling providers and community mental health teams, ARKRS will improve access to emotional support and therapy for service users. This forms part of our holistic approach to reducing reoffending and promoting long-term stability.

Digital Transformation

To improve efficiency and reporting, ARKRS is introducing upgraded CRM systems and digital tools to streamline communication between staff, partners, and funders. These systems will also strengthen monitoring and evaluation processes, ensuring greater transparency and impact measurement.

Strengthening Advocacy and Collaboration

We will continue to play an active role in local housing and criminal justice forums, advocating for fairer access to housing for people with convictions and challenging discriminatory practices in the private rental sector. Collaborative work with local authorities and voluntary partners will remain central to our mission.

Conclusion

While 2024 presented substantial challenges, it also reinforced ARKRS’s commitment to adaptability, compassion, and social justice. The lessons learned this year will shape a more resilient organisation one that continues to empower service users to rebuild their lives with dignity, security, and hope.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

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 governed under its Articles of Association. In the event of the charity being dissolved or winding up members are required to 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 date of signature of the financial statements were:

A Linton

H Sutcliffe - Vice Chair J Jenkins - Treasurer G Stowe - Chair M Ford P Wallace (Resigned 6 January 2025) N Purchase

Recruitment and appointment of trustees

The directors of the company are also charity trustees 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 must be re-elected at the next Annual General Meeting.

Ms Helena Sutcliffe, Mr Andrew Linton, Ms Jan Jenkins, Mr Gilbert Stowe and Mr Martin Ford retired by rotation and, being eligible, offer themselves for re-election.

Membership is open to individuals or organisations who can help to progress and support the work of the charity. Due to the nature of our client base, much of our work is done with male offenders, particularly those of a younger demographic. To enhance the potential pool of trustees, the charity utilises support from Bridge Renewal trust and is networking with local organisations who can bring their experience and knowledge to 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 formed of key professionals within 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, but we would like to adapt this to our own practices, to include:

This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Organisational structure

Ark Resettlement Services has a Management Committee of up to 6 members who meet quarterly with occasional extraordinary meetings and are responsible for the strategic direction and policy of the charity. At present the Committee has 6 members including the directors, from a variety of professional backgrounds relevant to the work of the charity.

The Secretary also sits on the Committee but has no voting rights.

As per the memorandum and articles of association, the director may delegate any of their powers to a committee of two or more directors. The CEO has 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 organisations and has responsibility for the day to day management of the charity with support from the Service managers. Key to the role is monitoring the overall progress of the staff, and providing opportunities for staff training and development to ensure that good working practices are met.

Relationship with wider network

The charity ensures that it is kept abreast of local and national policy complimentary to its objects. At national level offender rehabilitation is spearheaded the National probation service (NPS), The Police, The charity has also made links with organisations 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 accordance with the company's articles, a resolution proposing that AGP Consulting be reappointed as auditor of the company will be put at a General Meeting.

The trustees report was approved by the Board of Trustees.

G Stowe - Chair

Trustee

24 October 2025

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees, 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 statements 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 state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

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 to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ARK RESETTLEMENT SERVICES

Opinion

We have audited the financial statements of Ark Resettlement Services (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, 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 in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements 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 obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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 form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

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ARK RESETTLEMENT SERVICES

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ARK RESETTLEMENT SERVICES

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with 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 to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement 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 misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ARK RESETTLEMENT 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 work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to 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 to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Faroque Ahmed (Senior Statutory Auditor) for and on behalf of AGP Consulting

24 October 2025

Chartered Accountants Statutory Auditor

Q West Great West Road Brentford TW8 0GP

AGP Consulting is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
317,993
306,756
Charitable activities
4
1,057,587
-
Investments
5
3,486
-
Total income
1,379,066
306,756
Expenditure on:
Raising funds
6
28,790
20,675
Charitable activities
7
1,206,454
263,679
Other expenditure
12
17,930
-
Total expenditure
1,253,174
284,354
Net income
125,892
22,402
Other recognised
gains and losses:
Revaluation of tangible
fixed assets
100,000
-
Net movement in
funds
9
225,892
22,402
Reconciliation of funds:
Fund balances at 1 January
2024
177,634
184,551
Fund balances at 31
December 2024
403,526
206,953		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
624,749
139,650
345,386
1,057,587
981,722
-
3,486
2,102
-
1,685,822
1,123,474
345,386
49,465
65,546
-
1,470,133
1,106,108
177,327
17,930
-
-
1,537,528
1,171,654
177,327
148,294
(48,180)
168,059
100,000
-
-
248,294
(48,180)
168,059
362,185
225,814
16,492
610,479
177,634
184,551		 Total
2023
£
485,036
981,722
2,102
1,468,860
65,546
1,283,435
-
1,348,981
119,879
-
119,879
242,306
362,185

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 17 to 29 form part of these financial statements.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 14 871,584 8,452
Current assets
Debtors 15 133,762 33,295
Cash at bank and in hand 179,757 356,204
313,519 389,499
Creditors: amounts falling due within 17
one year (94,077) (35,766)
Net current assets 219,442 353,733
Total assets less current liabilities 1,091,026 362,185
Creditors: amounts falling due after
more than one year 18 (480,547) -
Net assets 610,479 362,185
The funds of the charity
Restricted income funds 20 206,953 184,551
Unrestricted funds 21 403,526 177,634
610,479 362,185

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 24 October 2025

566A755D3296413... G Stowe - Chair

Trustee

Company registration number 08825542 (England and Wales)

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

2024
Notes
£
£
Cash flows from operating activities
Cash generated from operations
24
86,434
Investing activities
Purchase of tangible fixed assets
(785,062)
Investment income received
3,486
Net cash used in investing activities
(781,576)
Financing activities
Repayment of borrowings
518,695
Net cash generated from financing activities
518,695
Net (decrease)/increase in cash and cash
equivalents
(176,447)
Cash and cash equivalents at beginning of year
356,204
Cash and cash equivalents at end of year
179,757		 2023
£
(3,157)
2,102
-		 £
128,325
(1,055)
-
127,270
228,934
356,204

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

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 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 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 to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Rental income from the council is recognised when received or receivable whichever is earlier.

Donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Gift aid is included if claimable.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related 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 will be required and the amount of the obligation can be measured reliably.

Charitable activities comprises the direct cost, staff costs and overheads, including governance costs of carrying out the charity's objectives.

Governance costs includes the cost of compliance with constitutional and statutory 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.

Other expenses includes interest relating to other loans.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the office.

Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Other expenditure is recognised on an accruals basis when there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required, and the amount can be measured reliably.

Other expenditure includes costs that do not relate directly to charitable activities, governance, or fundraising. These may include sundry administrative costs, subscriptions, or one-off items not categorised elsewhere.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings No depreciation Fixtures and fittings 20% reducing balance Computers 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other recognised gains and losses and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in net income/ (expenditure) or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss are recognised in net income/(expenditure) for the year.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme and are charged to the Statement of Financial Activities in the period which they relate to.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Change in accounting policy

The charity has adopted a policy of revaluing Freehold Property having been bases on historical cost previously. This will lead to more reliable information with the property value in line with fair value. This change in policy does not affect prior years. In the current year a revaluation of £100,000 has been applied to the accounts.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
19,493
-
Grants
298,500
306,756
317,993
306,756
Donations and gifts
Access Reach Funds
-
-
Chesterhill Charities
1,000
-
Middlesex University
-
-
NCL VCSE Alliance
4,250
-
Other
14,243
-
19,493
-
Grants
John Armitage Charitable
Trust
60,000
-
Lloyd Bank Foundation
-
-
The Tudor Trust
30,000
-
City Bridge Trust
-
62,030
Community Fund
-
74,992
Moving forward project
-
123,860
Floating support - AFEO
-
45,874
Social Investment
Business
170,000
-
Other
38,500
-
298,500
306,756		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
19,493
14,650
-
605,256
125,000
345,386
624,749
139,650
345,386
-
8,400
-
1,000
1,000
-
-
1,000
-
4,250
4,250
-
14,243
-
-
19,493
14,650
-
60,000
70,000
-
-
25,000
-
30,000
30,000
-
62,030
-
62,500
74,992
-
128,000
123,860
-
154,886
45,874
-
-
170,000
-
-
38,500
-
-
605,256
125,000
345,386		 Total
2023
£
14,650
470,386
485,036
8,400
1,000
1,000
4,250
-
14,650
70,000
25,000
30,000
62,500
128,000
154,886
-
-
-
470,386

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Charitable Activities
Charitable rental income 1,057,587 981,722
Income from investments
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 3,486 2,102

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fundraising and publicity
Seeking donations, grants
and legacies 28,790 20,675 49,465 65,546 - 65,546

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Expenditure on charitable activities

Charitable Charitable
Activities Activities
2024 2023
£ £
Direct costs
Staff costs 361,118 329,032
Staff training and entertainment 7,158 269
Rent 617,307 597,446
Rates 50,778 55,841
Light and heat 43,967 51,967
Maintenance repairs 141,269 58,604
Advertising 27,691 13,398
Vehicle leasing/hire/other motor/travel costs 6,550 9,866
Telephone 27,787 24,461
1,283,625 1,140,884
Share of support and governance costs (see note 8)
Support 106,559 78,865
Governance 79,949 63,686
1,470,133 1,283,435
Analysis by fund
Unrestricted funds 1,206,454 1,106,108
Restricted funds 263,679 177,327
1,470,133 1,283,435

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Support costs allocated to activities

Charitable
Activities
2024
£
Depreciation
21,930
Bank charges
1,648
Administrative costs
5,752
Corporation tax not recoverable
-
Office rent
34,050
Print, postage and stationery
2,502
Computer and IT costs
13,386
Insurance
22,306
Other office costs
4,985
Donations
-
Governance
79,949
186,508
9
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
11,200
Depreciation of owned tangible fixed assets
21,930		 Total
2023
£
2,168
2,605
300
13,554
34,050
2,249
7,703
15,420
636
180
63,686
142,551
2023
£
8,000
2,168

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
11 13

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Employees (Continued)
Employment costs 2024 2023
£ £
Wages and salaries 323,835 300,632
Social security costs 30,546 22,416
Other pension costs 6,737 5,984
361,118 329,032
The number of employees whose annual remuneration was more than £60,000
is as follows:
2024 2023
Number Number
£60,001 - £70,000 - 1
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
2024 2023
£ £
Aggregate compensation - 65,500
12 Other expenditure
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Financing costs 17,930 -
13 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
Computers
£
£
£
Cost or valuation
At 1 January 2024
-
8,468
12,354
Additions
704,436
71,917
8,709
Revaluation
100,000
-
-
At 31 December 2024
804,436
80,385
21,063
Depreciation and impairment
At 1 January 2024
-
4,860
7,510
Depreciation charged in the year
-
15,105
6,825
At 31 December 2024
-
19,965
14,335
Carrying amount
At 31 December 2024
804,436
60,420
6,728
At 31 December 2023
-
3,608
4,844		 Total
£
20,822
785,062
100,000
905,884
12,370
21,930
34,300
871,584
8,452

Land and buildings with a carrying amount of £704,463 were revalued at 28 January 2025 by Winkworth, independent valuers not connected with the charity on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

At 31 December 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £704,436 (2023 - £-).

15 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
26,435
48,124
59,203
133,762		 2023
£
-
20,146
13,149
33,295

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16 Loans and overdrafts

Other loans
Payable within one year
Payable after one year		 2024
£
518,695
38,148
480,547		 2023
£
-
-
-

The long-term loans are secured by fixed charges over 23 Winchelsea Road.

The first loan from Social Investment Business carries interest at a fixed rate of 7.9% per annum and is repayable in full at the end of a six-year term.

The second loan, provided by TFL Mortgage, bears interest at 4.0% per annum for an initial period of ten years, after which the interest rate will be revised. The loan is repayable in full at the end of 20 years terms.

17 Creditors: amounts falling due within one year

Borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
18
Creditors: amounts falling due after more than one year
Borrowings
19
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
38,148
8,699
13,139
4,572
29,519
94,077
2024
£
480,547
2024
£
6,737		 2023
£
-
14,223
-
13,543
8,000
35,766
2023
£
-
2023
£
5,984

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
Previous year:
At		 1 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
184,551
306,756
(284,354)
206,953
1 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
16,492
345,386
(177,327)
184,551

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At
General funds
Revaluation reserve
Previous year:
At
General funds		 1 January
2024
Incoming
resources
Resources
expended
At 31
December
2024
£
£
£
£
177,634
1,379,066
(1,253,174)
303,526
-
-
-
100,000
1 January
2023
Incoming
resources
Resources
expended
At 31
December
2023
£
£
£
£
225,814
1,123,474
(1,171,654)
177,634

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

22 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Tangible assets 871,584 - 871,584
Current assets/(liabilities) 12,489 206,953 219,442
Long term liabilities (480,547) - (480,547)
403,526 206,953 610,479
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Tangible assets 8,452 - 8,452
Current assets/(liabilities) 169,182 184,551 353,733
177,634 184,551 362,185

23 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Purchase of goods
2024 2023
£ £
Entities with control, joint control or significant influence over the company 543,847 375,424
543,847 375,424

The following amounts were outstanding at the reporting end date:

Amounts owed by related Amounts owed by related
parties parties
2024 2023
Balance Net Balance Net
£ £ £ £
Entities with control, joint control or significant
influence over the company 8,594 8,594 1,694 1,694
8,594 8,594 1,694 1,694

Docusign Envelope ID: B84D6804-0236-4D5D-B6F2-BC6A95F49537

ARK RESETTLEMENT SERVICES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

24 Cash generated from operations 2024 2023
£ £
Surplus for the year 148,294 119,879
Adjustments for:
Investment income recognised in statement of financial activities (3,486) (2,102)
Depreciation and impairment of tangible fixed assets 21,930 2,168
Movements in working capital:
(Increase) in debtors (100,467) (1,860)
Increase in creditors 20,163 10,240
Cash generated from operations 86,434 128,325
25 Analysis of changes in net debt
At 1 January Cash flows At 31 December
2024 2024
£ £ £
Cash at bank and in hand 356,204 (176,447) 179,757
Loans falling due within one year - (38,148) (38,148)
Loans falling due after more than one year - (480,547) (480,547)
356,204 (695,142) (338,938)