ARK OF HOPE FOUNDATION For all NATIONS
REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
CHARITY REGISTRATION NUMBER 1161228
ARK OF HOPE FOUNDATION for all NATIONS Financial Statements
FOR YEAR ENDED 31 MARCH 2021
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees Report | 2 – 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes on Financial Statement | 8 - 9 |
ARK OF HOPE FOUNDATION for all NATIONS LEGAL AND ADMINISTRATIVE INFORMATION FOR YEAR ENDED 31 MARCH 2021
The Members of the Board of Trustees who served from 1 April 2020 to the date the Financial Statements were signed were as follows: -
TRUSTEES Deborah Newbould Chair Caroline Hinds Secretary Edwin Ijaseun Treasurer
REGISTERED OFFICE
24 Camden Garden Thornton Heath Surrey CR7 8AY
ACCOUNTANTS
Denphilria Limited 27, Broadmead Road Northolt Middlesex UB5 6FD
BANKERS HSBC
4 Robertson Street Hastings East Sussex TN35 1HW
Charity Registration Number 1161228
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ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2021
The Trustees present their report and the un-audited financial statements of the charity for the year ended 31 March 2021. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) published in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006 in preparing the annual report and financial statements of the charity.
Our Aims and Objectives
Purposes and Aims
The charity’s purposes as set out in the objects contained in the company’s memorandum of association are:
For the public benefit to advance the development and education of the homeless adults in such ways as the Directors think fit, including:
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(a) through the expression of Christian faith and values to relieve the needs of people who are suffering from addiction;
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(b) through provision of meals for the homeless or on the verge of being made homeless; (c) through advisory services to those trapped in prostitution or the sex trade and former imprisoners.
Public Benefit
We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The charity provides homeless individuals in and around the community with hot meals much needed by the homeless peoples. Anyone is allowed to use our services subject to adherence to our policies.
We are pursuing grants to assist with the training of individuals to enable them to find work, which will be open to anyone from the public.
Structure, Governance and Management
Governing Document
We are a registered charity in the United Kingdom. The Ark of Hope Foundation was established in United Kingdom in 2015.
The overall control of the charity is the responsibility of the Board of Trustees who are governed by the Constitution adapted 13th of September 2014. Trustees are appointed or reappointed annually at the annual general meetings held in October.
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ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT
FOR YEAR ENDED 31 MARCH 2021
Recruitment and Appointment of Management Committee
The members of the Management Committee 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 Trustees Board. Under the requirements of the memorandum and Articles of Association, the members of the Trustees Board members of the public and shall not be required to retire by rotation.
All members of the management committee give their time voluntarily and receive no benefits from the charity. Any expenses reimbursed are disclosed in the notes.
Induction and Training of new Trustees
Most Trustees and Management Committee members are familiar with the practical work of the outreach services and are encouraged to take training to support their role. New Management Committee members are invited and encouraged to attend induction sessions to familiarise themselves with the charity and the context within which it operates.
Organisational Structure
The Management Committee meets quarterly where a quarterly performance report is presented and discussed; this assists the committee in making the appropriate strategic decisions.
Risk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with health and safety of staff.
Related Parties
Insofar as it is complementary to the charity’s objectives, the charity is guided by both national and local policy.
The Ark of Hope Foundation was established in United Kingdom in 2015. A registered charity in the United Kingdom.
The overall control of the charity is the responsibility of the Board of Trustees who are governed by the Constitution adopted 13th of September 2014. Trustees are appointed or reappointed annually at the annual general meetings held in October
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ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT CONTINUE
Review of Activities and Future Development
Ark of hope have worked to increase the social connections of 47 marginalised women and has provided platform for engagement where service users can be engaged, assured and have improvement in their confidence level. Ark of hope have also provided opportunity for service users to share their stories to encourage each other. Ark of hope aims to build on the experience gained in past year to improve future services delivery.
The Trustees have assessed the major risks to which the charity is exposed to, in particular those relating to the operations and finances of the charity and are satisfied that there is adequate system in place to mitigate any exposure to any major risk
Charitable activities
The ‘Ark of Hope for will continue to undertake outreach programme that connects with service users for direct service delivery in the community.
Food Bank & Distribution Services
Our goal is to continue to provide regular, nutritious specific dietary foods for Black, Asian and Minority Ethnic (BAME) communities, with specific dietary needs to elevate the challenges posed by the prolong covid-19 pandemic.
Provide door to door foods distribution, as part of outreach services to BAME in our communities.
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ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2021
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP 2019 (FRS 102)
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
STATEMENT OF DISCLOSURE OF INFORMATION TO THE INDEPENDENT EXAMINER'S
We, the trustees of the company who held office at the date of approval of these Financial Statements as set out above each confirm, so far as we are aware, that:
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there is no relevant financial information of which the company’s independent examiners are unaware; and
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we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any relevant examination information and to establish that the company’s independent examiners are aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
This report was approved for issue by the Trustees on 26[th] November 2021 and signed on its behalf by:
Deborah Newbould Trustee/Chair
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ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2021
Independent Examiner's Report on the Accounts
Opinion
We have reviewed the financial statements of Ark of Hope Foundation (the ‘charitable company’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities (incorporating the Income and Expenditure Account), the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies in note 1. 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:
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give a true and fair view of the state of the charitable company’s affairs as at 31 March 2021, and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our review 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 charitable company in accordance with the ethical requirements that are relevant to our examination 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
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the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
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the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
Denphilria Limited 27, Broadmead Road Northolt Middlesex UB5 6FD
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ARK OF HOPE FOUNDATION for all NATIONS STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR YEAR ENDED 31 MARCH 2021
| Notes Income and endowments from: Donations 2 Grants 2 Sales of Books Investment income Total income and endowments 2 Expenditure on: Raising funds Charitable activities Total expenditure: 3 Net income / (expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 |
Unrestricted Funds 2021 £ Restricted Funds 2021 £ Total Funds 2021 £ Total Funds 2020 £ 12,820 - 12,820 12089 9,971 - 9,971 - - - - - - - - - |
|---|---|
| 22,791 - 22,791 12,089 |
|
| 479 - 479 257 16,978 - 16,978 11,809 |
|
| 17,457 - 17,457 12,835 |
|
| 5,334 - 5,334 23 |
|
| 5,334 - 5,334 23 (4,607) - (4,607) (4,630) |
|
| 727 - 727 (4,607) |
All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The notes to the financial statements on pages xx to xx form an integral part of the financial statements.
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ARK OF HOPE FOUNDATION for all NATIONS
BALANCE SHEET
AS AT 31 MARCH 2021
| Notes Fixed assets Tangible fixed assets Current assets Stocks 2 Cash at bank and in hand Creditors Amounts falling due within one year 2 Net current assets Total assets less current liabilities Total Net Assets Unrestricted funds Restricted funds Total Funds |
2021 £ - 825 5,362 6,187 (5,460) 727 727 727 727 - 727 |
2020 £ - 1,353 438 1,781 (6,388) (4,607) (4,607) (4,607) (4,607) - |
|---|---|---|
| (4,607) |
For the year ended 31 March 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but the Trustees’ have elected to have an audit under the Charities Act 2011.
Trustees’ responsibilities:
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The members have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and authorised for issue by the Trustees on XX XX 2021 and signed on their behalf, by:
Deborahnewbould
Deborah Newbould Chair of the Trustee
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ARK OF HOPE FOUNDATION for all NATIONS NOTES TO THE FINANCIAL STATEMENT 31ST MARCH 2020
1. ACCOUNTING POLICIES
Basis of preparation of accounts
The accounts are prepared under the historical cost convention as modified by the inclusion of investments at market value and include the results of the Charity’s operations which are described in the Trustees’ Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities), and the Charities Act 2011
Funds structure
The Charity has a single permanent fund which is wholly unrestricted. The terms of the trust deed allow the income to be accumulated and the capital to be spent if the Trustees so determine.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include
designated funds where the Trustees, at their discretion, wish to create a fund for a specific purpose.
Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity.
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(2) DONATIONS & SIMILAR INCOME
| (2) DONATIONS & SIMILAR INCOME | (2) DONATIONS & SIMILAR INCOME | (2) DONATIONS & SIMILAR INCOME | (2) DONATIONS & SIMILAR INCOME | ||
|---|---|---|---|---|---|
Grants Received Donations Received Gift Aid Claims/Return Investment Income : TOTAL INCOMING RESOURCES (3) COST OF GENERATING FUNDS Printing and Advertising (3) COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS Rent, Rates and Service Charge Administrator's, and Volunteer's Stipend (3) EXPENDITURES ON MANAGING/ADMINISTERING THE CHARITY Postage & Stationery Water Light & Heat Foods & Deliverables Repair & maintenance Insurance Website development & maintenance fee Accountancy fee Waste & cleaning General expenses (3) GRAND TOTAL EXPENDITURE (4) FUNDS Unrestricted Restricted Total Funds Funds Funds 2021 £ £ £ At 1 April 2020 (4,607) - (4,607) Surplus/(deficit) for the year 5,334 - 5,334 Transfer of funds - - - At 31March 2021 727 - 727 |
|||||
| £ £ (4,607) - 5,334 - - - 727 - |
2021 £ (4,607) 5,334 - 727 |
2020 £ (4360) 23 - (4,607) |
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular purposes and projects.
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