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2025-03-31-accounts

REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHARITY REGISTRATION NUMBER 1161228

ARK OF HOPE FOUNDATION for all NATIONS Financial Statements

FOR YEAR ENDED 31 MARCH 2025

Contents Page
Charity Information 1
Trustees Report 2 – 4
Independent Examiner's Report 5
Statement of Trustees’ Responsibilities 6
Statement of Financial Activities 7
Balance Sheet 8
Notes on Financial Statement 9 - 11

ARK OF HOPE FOUNDATION for all NATIONS LEGAL AND ADMINISTRATIVE INFORMATION FOR YEAR ENDED 31 MARCH 2025

The Members of the Board of Trustees who served from 1 April 2024 to the date the Financial Statements were signed were as follows: -

TRUSTEES

Deborah Newbould Chair Caroline Hinds Secretary Edwin Ijaseun Treasurer Segun Ayo Fapatu (DR) Member

REGISTERED OFFICE

8, Higson Avenue Stroke-on-Trent ST4 7ND

ACCOUNTANTS

Yelu & Company Limited 27, Broadmead Road Northolt Middlesex UB5 6FD

BANKERS

HSBC UK Bank plc

4, Robertson Street Hastings East Sussex TN35 1HW

Charity Registration Number 1161228

ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2025

The Trustees present their report and the un-audited financial statements of the charity for the year ended 31 MARCH 2025. 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 homeless adults in such ways as the Directors think fit, including:

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 people. 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

Review of Activities and Future Development

Ark of Hope Foundation, continue to increase the social connections of 45 marginalised women and has provided platform for engagement where service users can be engaged, assured, so that confidence levels of services users could improve. Ark of hope has also provided an opportunity for service users to share their stories to encourage each other to do the same. The Ark of Hope Foundation continues to build on the experience gained in the past year to improve present and future services delivery.

The Trustees have assessed the major risks which the charity is exposed to, 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 an outreach programme that connects 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 and the cost-of-living crisis that follows, with food and energy inflation going at 38 years high.

We continue to provide door to door foods distribution, as part of outreach services to BAME in our communities and other underprivileged communities, as a means of elevating high energy and transportation costs on our services user’s communities.

Safe-House, Refuge Services

A secure haven where women escaping domestic violence can find protection, freedom from harm and secured accommodations. The location is kept confidential and offers essential assistance through a network of services across the UK.

ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2025

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:

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, confirm, so far as we are aware, that:

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 22[nd] April 2025 and signed on its behalf by:

DerahNweborn

Deborah Newbould Trustee/Chair

ARK OF HOPE FOUNDATION for all NATIONS TRUSTEES’ REPORT FOR YEAR ENDED 31 MARCH 2025

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 2025 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:

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 were:

Yelu & Company Limited 27, Broadmead Road Northolt Middlesex UB5 6FD

ARK OF HOPE FOUNDATION for all NATIONS

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR YEAR ENDED 31 MARCH 2025

Notes
Income and
endowments from:
Donations
2
Grants
2
Sales of Books
Investment income
Total income and
endowments
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
2025
£
Restricted
Funds
2025
£
Total
Funds
2025
£
Total
Funds
2024
£
2,580
14,060
52,000
-
2,580
-
52,000
13,000
-
-
-
-
-
-
-
-
54,580
-
54,580
27,060
3,849
400
40,221
-
3,849
40,221
12,933
44,070
-
44,070
13,333
10,510
-
10,510
13,727
10,510
-
10,510
13,727
14,725
-
14,725
998
25,235
-
25,235
14,725

All the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The notes on the financial statements on pages 9 to 10 form an integral part of the financial statements.

ARK OF HOPE FOUNDATION for all NATIONS

BALANCE SHEET AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible fixed assets
5
Current assets
Stocks
6
Cash at bank and in hand
Creditors
Amounts falling due
within one year
7
Net current assets
Total assets less current liabilities
Total Net Assets
Unrestricted funds
Restricted funds
Total Funds		 2025
£
10,094
3,851
16,774
20,625
(5,484)
15,141
25,235
25,235
25,235
-
25,235		 2024
£
10,827
150
4,226
4,376
(478)
3,898
14,725
14,725
14,725
-
14,275

For the year ended 31 MAarch, 2025 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:

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 22/10/2023 and signed on their behalf, by:

DeborahhNweborn

Deborah Newbould

Chair of the Trustee

ARK OF HOPE FOUNDATION for all NATIONS NOTES TO THE FINANCIAL STATEMENT 31ST MARCH 2024

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 are so determined.

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 the 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 expanded

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing 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. The grants payable are payments made to third parties in the furtherance of the charitable objectives of the Charity.

(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, Armotisation 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, Depreciation
Insurance
Website development & maintenance fee
Accountancy fee
Waste & cleaning
General expenses
Sub-Total
Grand Total Expenditure		 2025
£
52,000
2,580
-
54,580
3,849
7,642
6,389
14,031
594
600
6,650
12,867
2,283
950
495
400
600
750
26,190
44,069

Grand Total Expenditure

4 Funds
On 1 April 2024
Surplus/(deficit) for the year
Transfer of funds
At 31March 2024		 Unrestricted
Restricted
Total
Funds
Funds
Funds		 Unrestricted
Restricted
Total
Funds
Funds
Funds		 Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
14,725
10,510
-
-
25,235
-		 2025
£
14,725
10,510
-
25,235

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 purposes and or specific project(s).

----- Start of picture text -----
2025 2024
5 Tangible fixed assets
£ £
Leasehold Leasehold
Property Property
Cost as at 01/04/2023 - -
Addition During the Year 10,827 11,600
Total 10,827 11,600
Cum. Amortisation - -
Charges for the year (733) (733)
Cum. Amortisation (733) (733)
Net Book Value 10,094 10,827
----- End of picture text -----

In November 2023 a leasehold agreement was signed at the cost of £11,600 for five years, the cost will be amortized of the life of the asset (lease). The lease agreement provides secure accommodation at a reduced rate for five years.

6 Stocks
Balance as at Year End		 2025
£
3,850		 2024
£
150
3,850 150

Stocks were valued at the lower cost or net realisable value; the stock represents goods in the store for distribution as at 31/03/2025.

7 Creditors
Balance as at Year End		 2025
£
(5,484)		 2024
£
(478)
(5,484) (478)

The Creditors - Amounts falling due within one year represent an accrued expenditure on accountancy services and other expenses falling due within one year.