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2024-12-31-accounts

Report and Accounts 2023

THE ARC

Audited Financial Statements and Trustee Report for the Year Ended 31 December 2024

Table of Contents

Organisation Details ..............................................................
Trustees And Elders’ Statement ..........................................
Objectives ................................................................................
Achievements .........................................................................
Public Beneft ..........................................................................
Activities ..................................................................................
Future Plans ............................................................................
Trustees Review .....................................................................
Statement Of Trusteess’ Responsibilities ……….................
Independent Auditor’s Report …………………………….............
Statement Of Financial Activities …………….........................
Balance Sheet ……………………………………………......................
Cash Flow Statement ………………………………….....................
Notes To The Accounts .........................................................		 03
04
06
06
07
09
10
11
15
16
20
21
23
24

02 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Organisation Details for The Year Ended 31 December 2024

Charity Name

The ARC

Charity (CIO) Registration No.

1165652

Registered Address

Telephone: 0208 555 4245 Email: info@arc4u.org.uk ARC Church, 66A Sebert Road, London E7 0NJ

Bankers

NatWest Bank PLC HSBC Stratford Broadway Stratford Ground Floor Gredley House 59-61 The Mall 1 – 11 Broadway London E15 1XF London E15 4BQ

Independent Auditors

AD Williams & Co 102 Green Lane Morden, London SM4 6SS

Accountants

Smith and Johnson Limited Unit 24 Highcroft Industrial Estate Enterprise Road Horndean, Waterlooville Hampshire P08 0BT

Board of Trustees

Mrs Samantha Miranda Trustee Mr Peter Nembhard Trustee Mr Colin Glen Trustee Mr Davis Kunihira Trustee Mrs Tracey Miller Trustee Natasha Osaro-Osaghae Secretary

03 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Trustees and Elders’ Statement for the year ended 31 December 2024

TRUSTEES AND ELDERS’ STATEMENT

“They devoted themselves to the apostles’ teaching and to fellowship, to the breaking of bread and to prayer.” — Acts 2:42 (NIV)

In 2024, ARC Global continued to grow in strength, unity, and purpose, living out the spirit of Acts 2:42. As a family of churches, we devoted ourselves to sound teaching, deep fellowship, heartfelt worship, and faithful prayer. This foundation has fuelled a year of transformation, impact, and new beginnings.

This year saw remarkable growth across several of our ARC churches. One of the standout achievements was the purchase and renovation of our new ARC South building at 113 Annerley Road. Through prayer, unity, and sacrificial giving, we came together as a community to acquire and transform this property into a hub for worship and outreach. The building now stands as a testament to our shared faith and commitment to the local community.

Another significant development was the evolution of our Sports Day, which has now become the Global Big Day Out-a vibrant event that brings together members from our churches and local community for fun, fellowship, and connection. Similarly, our annual conference experienced record attendance this year. With Anthony Brown from the USA joining us, we enjoyed powerful teaching, dynamic worship, and meaningful moments of prayer and ministry.

Outreaches, Missions, and International Impact

Our outreach programs and mission trips have seen incredible fruit. We were especially encouraged by the success of our first pastoral retreat in Uganda, which offered refreshment, vision, and spiritual encouragement to leaders from the region.

While we experienced the loss of one of our flagship congregations, we have continued to move forward with strength and purpose. ARC Global remains resilient, with a clear vision to plant and build healthy churches around the world.

Leadership & Community

Our commitment to leadership development remained central. Monthly gatherings for lead elders allowed for training, fellowship, and collaborative planning. These sessions became critical in evaluating the health of our congregations and equipping leaders to serve effectively. We also hosted training intensives for elders and deacons, preparing both current and emerging leaders to step confidently into their roles.

We encouraged inter-church fellowship, with members visiting other ARC congregations for weekends of worship, service, and mutual support. This culture of connectedness continues to strengthen the bonds between our churches. As we continue into 2024, we remain devoted to teaching, fellowship, the breaking of bread, and prayer. We believe that we are Better Together, and that through unity and faithful obedience, God will continue to expand His Kingdom through ARC Global.

Let’s keep building. Let’s keep reaching. Let’s stay devoted.

Trustees & Elders

ARC Global Churches

04 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Trustees and Elders’ Statement for the year ended 31 December 2024

Aims and Purpose

ARC held its first service in 1997 with four people. It is now home to more than 1000 members across 9 locations. The founding members set out to make ARC a relevant, radical and real church in the heart of East London, positively impacting the lives of the people within the community. A relevant church is a practical church that purposefully and intentionally adds value to the lives of everyone with which it comes into contact.

The ARC Global Mission

REACHING NON-BELIEVERS

TEACHING BELIEVERS

Following Jesus’ ascension, He commanded His disciples to go into all the world and proclaim the gospel to the whole creation (Mark 16:15).

Additionally, Jesus promised that the Holy Spirit would empower them to bear witness both locally and globally (Acts 1:8). To reach the lost, our congregations send outreach teams to partner with churches to support in reaching their communities. It is not necessary to travel by plane to accomplish missions, as we emphasise the importance of local and global outreach.

After Jesus commanded his disciples to preach the gospel, He assigned them the responsibility of making disciples by imparting His teachings to believers (Matthew 28:20).

Our church community fosters discipleship through various avenues such as corporate gatherings, life groups, bible studies and ARC Bible School.

Additionally, we are committed to raising leaders who exemplify the way of life and teachings of the Elders (1 Corinthians 4:17 and 2 Timothy 3:10).

RAISING LEADERS

SENDING LEADERS

The book of Acts provides a blueprint for the church, and we firmly believe that the health of a church is primarily dependent on the devotion of its members.

We use Acts 2:42-47 as a fundamental reference to assess the well-being of a church.

To cultivate a healthy church, it is crucial for us to continually be in the process of raising up Elders and Deacons who work as a cohesive team to govern and lead the church (1 Timothy 3:1-13, Titus 1:5-16, Acts 6:1-7).

Establishing a healthy church entails the emergence of godly leaders, which should prompt us to become a sending church. As part of our vision, we believe that church planting is the most effective means of reaching local communities (Ephesians 3:10-11). As a best practice, we aim to plant an Elder/Eldership couple with a team of diverse leaders and emerging leaders possessing various gifts to aid in the building of the church plant.

Our members can join our outreach teams and dedicate short or long-term periods to support new church plants or assist existing churches in need.

05 | Charity Registration Number 1165652

Report and Accounts 2024

Objectives and Achievements for the year ended 31 December 2024

THE ARC

OBJECTIVES

The objectives of the charity have remained the same as in previous years.

To advance the To advance To promote and fulfil Christian faith in education in other charitable accordance with our accordance with purposes beneficial statement of beliefs. Christian principles. to the community.

These objectives outline our purpose and goals as a charity. They are embodied in the specific activities that we undertake each year.

ACHIEVEMENTS

ACROSS ARC GLOBAL BRANCHES

----- Start of picture text -----
21
152
Baby
Baptisms
Dedications
17
33
Weddings Funerals
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06 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

The Trustees confirm that we have complied with our duty in section 17 of the Charities Act 2011 to have regard to the Charity Commissions general guidance on public benefit.

ARC Forest Gate have facilitated multiple youth activities, outreaches and missions through the year. They have served the community by partnering with local organisations who support marginalised groups (Alcoholics Anonymous) and providing event space throughout the year for public sector institutions (police, charities etc). Additionally, they have assisted over 190 families in their community. Forest Gate have also engaged with the elderly in the local community by hosting The Wednesday Super Seniors Elderly Club. This directly tackles loneliness and encourages social integration amongst isolated seniors. Lastly, they also hosted a family community fun day in the form of a Sports Day.

07 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

ARC Dagenham have done many things to support the local community in 2024. At the start of the year, they attended and participated in the Dagenham Library Family Hub Launch. The event provided an opportunity to meet/engage with parents and children; connect with other Family Hub Navigators within the borough; find out about/network with community and voluntary groups within the borough whilst promote their Phonics Booster Programme which they launched in April of that year. At Arc Dagenham, they recognise the importance that phonics plays in enabling children to read and write. They recognised also that some children may have had gaps in their learning/understanding of phonics partially due to the Covid pandemic, language barrier, learning ability or through lack of parental support at home etc, which may be attributed to the parents’ lack of understanding of phonics. As a result of this, they launched the Phonics Booster Programme for Children 4-8 years. This branch managed to support over 60 families through the year.

ARC 2.0 have done many things to engage with the community of Upton Park and East London as a whole. In 2024, they hosted a range of outreach and engagement activities designed to bring people together, meet practical needs, and strengthen local relationships. From their Christmas outreach and food provision for families in need, to community meetings with local police exploring how we as a ministry can support safety and wellbeing, they are currently committed to making an even greater positive impact in the years ahead. They also created joyful, connecting experiences through family BBQs, games nights, a talent show, or health-focused initiatives like the Steps Challenge and Agape Sundays. Additionally, 2.0 managed to support over 100 families in the year 2024.

ARC Birmingham have also had a positive impact on their community in 2024. Through the year they have managed to support 5 families. Additionally, they hold a weekly evangelism outreach initiative called Coffee Morning. The aim is to engage with the community over snacks, keep in touch with them, and share the gospel.

ARC South have supported between 40 and 60 families in this year and supported their community through Local food banks, outreaches and missions. They served at the local food bank every third Saturday, bi-monthly, held three outreach events on Sydenham High Street, sharing the good news with the community. They prayed for many people during these sessions and saw two individuals attend church as a result. ARC South also had a summer BBQ where people invited friends and family from the community. Lastly, the church came together to raise funds for their new building through a collective GoFundMe campaign, which has raised £16,166 so far. They also launched creative initiatives like “Sole 4 Souls,” where members donated quality second-hand shoes to be sold online. Some members even set up personal fundraising pages and took on running challenges, sharing them with friends and family to support the cause.

08 | Charity Registration Number 1165652

Report and Accounts 2024

ARC Global Churches & Activities for the year ended 31 December 2024

THE ARC

ARC Global Churches & Activities

ARC Global churches activities reflect Christ in all that we do. These activities help those in need, mentoring and guiding young people in our communities and caring for the elderly. The work of the church is facilitated through prayer, worship and teaching the gospel which is led by our team of lead elders across the branches with their teams.

ARC 2.0 ARC Birmingham ARC Dagenham ARC Edmonton ARC Forest Gate ARC South ARC Woodford

Lead Elder Omar Tackie Lead Elder Martin Olowe Lead Elder Peter Nembhard Lead Elder Colin Glen Group of Elders Lead Elder Davis Kunihira Lead Elder Colin Salmon

Activities

09 | Charity Registration Number 1165652

Report and Accounts 2024

Future Plans for the year ended 31 December 2024

THE ARC

FUTURE PLANS

In 2023, we launched ARC Global and hope to continue resourcing and equipping our planted and partner churches.

Global Events

Global Conference: A major event aimed at bringing together church leaders and members from all ARC Global congregations to share experiences, strategies, and vision for the future.

Training: Trustees & Lead Elders Planning and training weekend Global Retreat: This event will provide an opportunity for rest, reflection, and spiritual renewal for church leaders and members.

ARC Global Big Day Out: A day dedicated to fellowship and community-building among the ARC Global family, likely featuring worship, teaching, and activities designed to strengthen bonds between congregations.

Fellowship Initiatives

Throughout the year, ARC Global will implement various initiatives aimed at enhancing fellowship among its churches. These will include regular meetings, joint worship services, and collaborative projects, all designed to unite the congregations under the “Better Together” theme.

Leadership and Operations

Hiring of Key Personnel: The trustees plan to hire an Evangelism Coordinator to drive outreach efforts globally, as well as an Operations person to manage the dayto-day activities of the organisation, ensuring smooth execution of their plans.

Clarifying Vision and Mission: A significant part of 2024 will be dedicated to refining and clarifying ARC Global’s vision and mission, ensuring that all congregations are aligned with the collective goals and objectives.

These initiatives reflect ARC Global’s dedication to fostering a strong, unified community of churches that are not only growing in number but also in depth of relationship and shared purpose

10 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Trustees Review for the year ended 31 December 2024

The Trustees present their Annual Report and Financial Statements for the year ended 31 December 2024.

Reference and administrative details

The legal name of the charity is THE ARC.

The charity’s areas of operation and UK charitable registration.

“THE CHARITY IS REGISTERED IN ENGLAND & WALES WITH THE CHARITY COMMISSION IN ENGLAND & WALES (CCEW) WITH CHARITY NUMBER 1165652.”

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as incorporated charity with charity number 1165652, established by a written constitution. The governing document of the charity is the written constitution approved by the members and endorsed by the charity commission in England& Wales (CCEW).

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address, telephone number, email and web addresses of the charity are: -

Telephone: 020 8555 4245 Email: info@arc4u.org.uk Website: www.arc4u.org.uk 66A Sebert Road, Forest Gate, London E7 0NJ

Mr Peter Nembhard Mr Colin Glen Mrs Yeukai Samantha Miranda Mr Davis Kunihira

Ms Tracey Miller

Chief Executive - Mr Peter Nembhard

The trustees who served as a trustee in the reporting period were as shown above. There were no changes in the period between the year end and the approval of the accounts.

11 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Trustees Review for the year ended 31 December 2024

FINANCIAL REVIEW

The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Net income
Unrestricted Revenue Funds available for the general
purposes of the charity
Unrestricted revaluation reserve
Restricted Revenue Funds
Designated Revenue Funds
Restricted Fixed Asset Funds
Designated Fixed Asset Funds
Restricted revaluation reserve
Total Unrestricted Funds
Total Restricted Funds
Total Designated Funds
Total Funds		 2024
£
184,462
285,513
-
-
2,638,166
46,298
-
-
285,513
46,298
2,638,166
2,969,977		 215,916
2023
£
1,641,461
904,004
2,545,465
50
-
-
50
-
-
-
2,545,515

Financial review of the position at the reporting date, 31 December 2024

The trustees consider the financial performance by the charity during the year to have been satisfactory. The Statement of Financial Activities show incoming resources for the year of £1,414,157(2023 - £1,591,157) total resources expended were £1,229,694 (2023 - £1,354,549 and hence the amount of £184,462(£215,916) was realised as net surplus. Total funds at the year end stand at 2,969,977(2023 - £2,545,513).

12 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Trustees Review for the year ended 31 December 2024

Specific changes in fixed assets are detailed in the notes to the accounts. There was revaluations on the Freehold land and buildings by Strettons Chartered Surveyors on 3 September 2024. The revaluation resulted in an upward adjustment of £240,000. The valuation was performed in accordance with the RICS Valuation – Global Standards (Red Book).

Construction in progress relates to refurbishment and development works not yet brought into use at year-end. These will be transferred to operational fixed assets when completed.

Policies on reserves

The reserves are being earmarked chiefly for future building projects to cater for the increasing numbers in the congregation; and also for other undertakings of capital nature.

The Trustees have considered the level of reserves they wish to retain appropriate to the charity’s needs and are satisfied that the present reserves are adequate based on the charity’s size and the level of commitments held.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity’s assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

During the period under review, the financial performance and position of the organisation were positively influenced by several significant events. Notably, the continued growth of our churches and broader organisation contributed to increased engagement and financial support. In addition, we successfully planted two new congregations, further expanding our reach and impact within the community. While these developments involved initial investment, they have laid a strong foundation for future growth and sustainability.

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The charity trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

The ARC is a growing organisation and continues to maintain a healthy net current asset level. Any financial risks identified during 2024 were acted on, to continue to minimise risks as the organisation grows. With Fourteen staff members by the end of the reporting period, there are health and safety and employment law policies in place. The risks posed by staff are being mitigated through modern management systems and practices, regular systems tests and checks including fire drills and alarms. As a matter of general policy, independent professional advice is taken regularly whenever appropriate.

13 | Charity Registration Number 1165652

Report and Accounts 2024

Trustees Review for the year ended 31 December 2024

THE ARC

Details of The Auditor

Abraham Duncan-Williams

102 Green Lane Morden Surrey SM4 6SS

Statement as to disclosure of information to auditors

The trustees state that so far as each of the trustees at the time this report was approved are aware:-

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Report and Accounts 2024

Statement of Trustees’ Responsibilities for the year ended 31 December 2024

THE ARC

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.

The Trustees are also responsible for the contents of the Trustees’ report, and the statutory responsibility of the auditor in relation to the Trustees’ report is limited to examining the report and ensuring that the report is consistent with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 28 October 2025.

Peter Nembhard

Trustee

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Report and Accounts 2024

THE ARC

Independent auditor’s report to the members of THE ARC

Opinion

We have audited the financial statement of THE ARC for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, Statement of Cashflow and related notes as set out on pages 20 to 35. These financial statements have been prepared under the accounting policies set out therein.

Use of our report

This report is made solely to the charity’s members, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. 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 our auditors` 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’s members and trustees as a body, for our audit work, for this report, or for the opinions we have formed.

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 company 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 company’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.

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Report and Accounts 2024

THE ARC

Independent auditor’s report to the members of THE ARC

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, except to the extent otherwise explicitly stated in our report, 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.

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 Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees 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.

The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather than the Companies Act 2006. Accordingly, we have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act.

Our responsibilities is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board`s Ethical Standards for Auditors.

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Report and Accounts 2024

THE ARC

Independent auditor’s report to the members of THE ARC

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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

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

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Report and Accounts 2024

THE ARC

Independent auditor’s report to the members of THE ARC

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 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 for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk / auditorsresponsibilities. This description forms part of our auditor’s report.

28 October, 2025

Abraham Duncan-Williams FCCA

(Senior Statutory Auditor) Chartered Certified Accountants & Registered Auditors

A D Williams & Co LTD

102 Green Lane Morden SM4 6SS

19 | Charity Registration Number 1165652

Report and Accounts 2024

Statement of Financial Activities for the year ended 31 December 2024

THE ARC

Statement of Financial Activities for the year ended 31 December 2024

Income & Endowments from:
Expenditure on:
Donations & Legacies
Charitable activities
Transfer between funds
Charitable activities
Total expenditure
Net income for the year
Total income
Investments
Note
2
3
4
5
18
18
18
18
Reconciliation of funds:-
Funds brought forward
Revaluation Gain on Property
Net Income
Net income after transfers
Funds carried forward		 Unrestricted
Funds
£
1,273,708
1,210,472
(31,691)
70,668
1,210,472
169,905
36,000
1,380,377
2,545,465
240,000
138,214
138,214
2,923,679		 2024
Restricted
33,780
19,223
31,691
-
19,223
14,557
-
33,780
£
50
46,248
46,248
46,298		 Total
Funds
£
1,307,489
1,229,694
-
70,668
1,229,694
184,462
36,000
1,414,157
2,545,515
240,000
184,462
184,462
2,969,977		 2023
Total
1,489,051
69,646
32,460
£
1,591,157
1,375,241
1,375,241
215,916
215,916
2,329,599
215,916
2,545,515

The Statement of Financial Activities includes all recognised gains and losses arising in the year. All activities derive from continuing operations.

The brought forward and carried forward fund balances above agree to the balance sheet.

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Report and Accounts 2024

THE ARC

Balance Sheet for the year ended 31 December 2024

Balance Sheet for the year ended 31 December 2024

Notes 2024 2024 2023
£ £ £ £
Fixed assets
Tangible assets 10 3,055,375 1,883,905
Investments 11 637,394 637,394
Total fxed assets 3,692,768 2,521,299
Current assets
Debtors 12 10,187 14,548
Cash at bank and in hand 13 289,528 693,507
Total current assets 299,716 708,055
Creditors: amounts falling due
within one year 14 ( 236,060) (169,239)
Net current assets 63,656 538,816
Net assets 3,756,425 3,060,115
Creditors: amounts falling due after
more than one year 15 (786,572) (514,600)
Total Net Assets 2,969,853 2,545,515
The total net assets of the charity are funded by the funds of the charity, as follows:
FUNDS
Restricted funds 18
Restricted Revenue Funds 46,298 50
Unrestricted Funds 18
Unrestricted Revenue Funds 285,389 1,641,461
Unrestricted Revaluation Reserve - 904,004
Designated Funds 18
Designated Fixed Asset Reserve 2,638,166 -
Total charity funds 2,969,853 2,545,515

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Report and Accounts 2024

THE ARC

Balance Sheet for the year ended 31 December 2024

The financial statements have been prepared in accordance with the Charities SORP (FRS 102), the Charities Act 2011, and applicable provisions of the Companies Act 2006 as they apply to charitable organisations.

The brought forward and carried forward fund balances in the balance sheet agree to the corresponding amounts reported in the Statement of Financial Activities.

The trustees acknowledge their responsibilities under charity law with respect to maintaining adequate accounting records and preparing financial statements that give a true and fair view of the charity’s financial position.

Although the charity is not registered with Companies House, the trustees consider that it would be eligible to prepare accounts in accordance with the provisions of Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

The charity is subject to audit under charity legislation, and the report of the independent auditor is set out on page 16.

Peter Nembhard

Trustee

Approved by the board of trustees on 28 October, 2025

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Report and Accounts 2024

Cash Flow Statement for the year ended 31 December 2024

THE ARC

Cash Flow Statement for the year ended 31 December 2024

Cash fows from operating activities
Net income as shown in Statement of Financial Activities
(Increase)/decrease in debtors
Investment income received
Add back depreciation
Increase/(decrease) in creditors
Interest paid
Cash and cash equivalents 1 Jan 2024
Cash fows from investing activities
Cash fows from fnancing activities
Cash Reconciliation
Cash and cash equivalents 31 Dec 2024
Purchase of tangible fxed assets
Rental income from investment property
Construction work in progress spend
Cash infows from new borrowings
Repayments of borrowings
Net increase/decrease in cash		 2024
£
184,462
4,361
(36,000)
37,835
19,328
55,946
(776,356)
36,000
(198,357)
350,000
(81,198)
265,933
(938,714)
693,507
(403,979)
268,802
289,528		 215,915
108,640
(32,460)
23,326
(3,104)
38,380
2023
£
(73,535)
350,697
(21,518)
(73,535)
437,863
255,644
(21,518)
693,507

23 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

1. Accounting policies

1.1

Basis of Preparation

The financial statements have been prepared in accordance with: The Charities SORP (FRS 102),

Financial Reporting Standard 102 (FRS 102), The Charities Act 2011, and

Relevant provisions of the Companies Act 2006 as they apply to charitable organisations.

The charity is a public benefit entity and has applied the relevant provisions of FRS 102 accordingly. The financial statements are prepared under the historical cost convention, modified to include certain fixed assets at valuation.

As permitted by FRS 102 Section 1A, the charity has taken advantage of the exemption from preparing a

1.2

Going Concern

The financial statements have been prepared on a going concern basis. The trustees have reviewed financial forecasts and are satisfied that the charity has sufficient resources to continue to operate for at least twelve months after the date of signing this financial statements.

1.3

Fund Accounting

Funds held by the charity are:

There are no endowment funds.

1.4 Income Recognition

Income is recognised once the charity has entitlement to the income, receipt is probable, and the amount can be measured reliably.

There was no deferred income or income received in advance at the reporting date.

24 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

1.5 Expenditure Recognition

Raising funds: Fundraising and investment-related costs.

Charitable activities: Costs incurred in delivering the charity’s objectives.

All costs include irrecoverable VAT as the charity is not VAT registered.

1.6 Support Costs and Cost Allocation

Support and governance costs are allocated to charitable activities using reasonable bases: Staffing costs – based on time spent or headcount Premises costs –

Other support costs –

The trustees apply judgement in choosing appropriate cost allocation methods.

1.7

Tangible Fixed Assets

Fixed assets are capitalised if the cost exceeds £500 , including irrecoverable VAT. Expenditure below this threshold is treated as revenue expenditure.

Assets are recognised at cost or valuation and include all directly attributable costs. Fixed assets are depreciated on a straight-line basis from the month of acquisition:

Asset Category Asset Category Useful Life
Freehold Property Not depreciated N/A – reviewed annually
Leasehold Improvements Straight line Over term of lease
Fixtures & Fittings Straight line 4 years
Equipment Straight line 4 years
Investment Property Not depreciated Revalued if applicable
Construction WIP Not depreciated Reclassifed on completion

Freehold properties are not depreciated due to their long useful lives and maintained condition; however, they are reviewed annually for impairment or revaluation.

1.8

Construction Work in Progress

Renovation or building work is held as Construction in Progress until the asset is ready for intended use. It is then reclassified to the appropriate category and depreciated as applicable.

1.9

Disposals

Disposals must be authorised by a trustee. Gains or losses on disposal are recognised in the SOFA. The asset register is updated to reflect the disposal and any proceeds received.

1.10 Investments

Investments are measured at fair value. Gains and losses arising from changes in market value are recognised in the SOFA under “Other recognised gains and losses.”

25 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

1.11

Debtors

Debtors are recognised when the charity has an entitlement to the income or service, the amount can be measured reliably, and receipt is probable. Debtors are stated at the amount expected to be recovered, net of any provisions for doubtful debts. This includes accrued income where income has been earned but not yet invoiced or received.

1.12

Prepayments

Prepayments are amounts paid in advance for goods or services which will be consumed or received in future periods. They are recognised as current assets at the amount prepaid and charged to expenditure in the period to which they relate.

1.13 Creditors

Creditors are recognised when the charity has a present obligation arising from a past event that is expected to result in the outflow of economic benefits. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the obligation or transfer to a third party. This includes accruals for unpaid invoices and liabilities incurred but not yet invoiced at the reporting date.

1.14 Income Received in Advance

Income received in advance of the provision of goods or services is deferred until the charity is entitled to recognise it as income under the accruals basis. This applies, for example, to income relating to events, lettings, or service delivery that spans reporting periods.

1.15 Leases

Finance leases are capitalised and depreciated over the shorter of the lease term or the asset’s useful life. Rentals under operating leases are charged on a straight-line basis.

1.16 Pensions

The charity operates a defined contribution scheme. Contributions are charged to the SOFA as they become payable.

1.17 Use of Estimates and Judgements

Significant estimates and judgements include: Useful economic lives of tangible fixed assets Valuation of freehold property Allocation of support costs

The trustees assess for impairment annually. No impairment losses were recognised during the year.

26 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

2. Income from Donations and Legacies

3. Income from Charitable Activities
4. Income from Investments
Unrestricted
Unrestricted
funds
Unrestricted
funds
Gift Aid Claimed
Revenue grants and donations from
non public bodies
Bible College Income
Tuckshop
Hall & Other Rentals
Rental Property Income
Congregational Giving
Ministry Income
Events Income
139,500
-
6,687
713
34,815
36,000
1,134,208
3,931
24,522
1,273,708
70,668
36,000
£
£
£		 Restricted
Restricted
funds
Restricted
funds
33,780
-
-
-
-
-
-
-
-
33,780
-
-
£
£
£		 £
£
£
Total 2024
Total 2024
funds
Total 2024
funds
139,500
-
6,687
713
34,815
36,000
1,167,988
3,931
24,522
1,307,489
70,668
36,000		 Total 2023
2 41,120
3,000
1 ,244,931
£
1,489,051
Total 2023
funds
18,055
-
29,038
5,510
17,043
£
69,646
Total 2023
funds
32,460
£
32,460

5. Expenditure on Charitable Activities

Bible College
Events (Non Sunday Service)
Mission Costs
Service Running Costs
Internal Ministries
Pastoral Hospitality		 Unrestricted
Directly
Attributable
26,673
160,641
32,268
327,757
67,704
192,514
807,557		 Support
-
93,040
6,834
211,911
34,065
57,063
402,914		 Restricted
Directly
Attributable
10,039
-
-
6,954
-
-
3,085		 Support
1,837
5,511
918
918
9,184		 Total
2024
funds
26,673
255.518
46,056
545,179
102,688
253,580
1,229,694		 Total
2023
funds
33,105
273,684
36,827
586.639
166,684
278,302
1,375,241

Support costs are allocated to activities on the basis described in the accounting policies (e.g. time spent, space usage).

27 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

6. Support Costs

Bank fees and charges
Contract staf
Information and publications
Lease rental
Loan Interest
Printing, postage, stationary
Proft/Loss on disposal
Property insurance
Rent, Rates and Water
Repairs, renewals and maintenance
Sotware licences and website expenses
Staf travel and subsistence
Subscriptions
Sundry expenses
Telephone, fax and internet
Accountancy
Volunteer Expenses
Audit Fees
Volunteer Training
Professional Fees
Governance Costs
Equipment expensed
Cleaning and waste management
Depreciation and amortisation		 2024
£
15,958
22,731
1,059
6,875
3,647
13,229
40,560
820
80,261
5,363
15,653
45
8,160
55,947
38,607
117
4,954
15,083
917
35,200
331,068
83,920
414,988
3,644
8,326
37,835		 4,114
6,191
9,978
9,525
1,246
55,045
18,314
35,333
352
38,380
45,556
134
3,979
10,354
11,076
12,683
15,108
5,773
4,028
23,326
2023
£
36,880
8,160
25,197
310,495
70,237
380,732

28 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

7. Staf Costs
Wages and salaries
Pension contributions
Social security costs		 2024
£
343,489
5,084
379,007
30,434		 383,909
5,493
36,018
2023
£
425,420

The average monthly number of employees during the year was 14 (2023: 15)

No employees received remuneration exceeding £60,000 (2023: 1).

The charity considers its key management personnel to be the trustees and the Senior Pastor. Total remuneration paid to key management personnel in the year was £53,550 (2023: £70,246)

8. Trustee Remuneration and Expenses

During the year, no trustees were reimbursed for expenses incurred in their capacity as trustees (2023: none). The charity paid £70 (2023: £238) directly to third parties in respect of trustee meetings and hospitality.

One trustee is also a paid employee of the charity. Any expenses incurred in relation to their employment (e.g. travel or accommodation) were paid directly to third parties or reimbursed as part of their employment and are not included in this disclosure.

9. Auditor’s Remuneration

Audit of the fnancial statements
Other services		 2024
£
6,800
6,800		 6,800
2,400
2023
£
9,200

The above fees are exclusive of irrecoverable VAT.

29 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

10. Tangible Fixed Assets

Additions
Charged for the year
Disposals
At 31 December 2024
At 1 January 2024
At 31 December 2024
At 1 January 2024
At 1 January 2024
Cost
Depreciation
Revaluations
On Disposals
Net Book Value
At 31 December 2024		 Freehold
Land and
Buildings
742,191
-
-
1,680,000
1,680,000
-
240,000
-
2,662,191
-
1,920,000		 Construc-
tion in
Progress
198,357
-
-
-
-
-
-
-
198,357
-
940,548		 Leasehold
Improve-
ments
175,373
33,490
141,883
10,467
17,200
-
147,705
164,906
-
-
16,290		 Fixtures
&
Fittings
-
29,350
143,582
-
5,974
114,233
149,556
122,582
26,974
-
8,349		 Equipment
17,725
112,303
-
25,314
137,618
-
-
17,069
155,343
129,373
25,970		 Total TFA
9 74,714
-
2 ,126,106
2 40,000
3,340,819
243,736
-
41,709
285,445
1,882,369
3,055,375

The freehold property was professionally revalued by Strettons Chartered Surveyors on 3 September 2024. The revaluation resulted in an upward adjustment of £240,000. The valuation was performed in accordance with the RICS Valuation – Global Standards (Red Book).

The church’s policy is not to depreciate freehold property as the expected residual value is not materially different from carrying value, and the building is maintained in a condition of continual repair.

Construction in progress relates to refurbishment and development works not yet brought into use at year-end. These will be transferred to operational fixed assets when completed.

Leasehold improvements are depreciated over the term of the lease. Other tangible fixed assets are depreciated over their useful lives as outlined in the accounting policies.

30 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Notes to the Accounts for the year ended 31 December 2024

11. Investment Property

Additions
Charged for the year
Disposals
At 31 December 2024
At 1 January 2024
At 31 December 2024
At 1 January 2024
At 1 January 2024
Cost
Depreciation
Revaluations
On Disposals
Net Book Value
At 31 December 2024		 -
637,394
-
637,394
-
-
-
637,394
-
Investment
Property
£
637,394
-
-		 -
637,394
-
-
Total
Investments
£
637,394
-
-
-
-
-
637,394
637,394

The charity holds one residential investment property to generate rental income and for long-term capital appreciation. The property was acquired on 31 January 2020 and is held at historical cost of £637,394.

The property has not been formally revalued since acquisition. The trustees have carried out an impairment review by comparing the property to similar listings in the area and have concluded that the value remains appropriate.

No depreciation is charged on investment property.

Rental income of £36,000 (2023: £32,460) was received during the year.

12. Debtors

Trade debtors
Prepayments and accrued income
Other debtors		 2024
£
4,761
295
5,131
10,187		 3,036
-
11,512
2023
£
14,548

31 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

13. Cash at Bank and in Hand

Bank current accounts
Prepaid staf expense cards
14. Creditors: amount falling due within one year
15. Creditors: amount falling due after one year
Bank loans and overdrafts
Bank loans and overdrafts
Trade creditors
Social Security and other taxes
Accruals
Other creditors		 2024
£
283,444
6,084
289,528
2024
2024
£
£
126,148
786,572
19,481
47,104
39,664
3,662
236,060
786,572		 684,230
9,277
2023
£
693,507
78,656
36,882
42,039
11,040
622
2023
£
169,239
514,600
2023
£
514,600

16. Bank Loans and Security

At 31 December 2024, the charity had four outstanding loans totalling £912,720 (2023: £593,256), of which £126,148 is due within one year and £786,572 after more than one year.

The loans consist of:

A mortgage secured against the charity’s investment property (residential house)

A mortgage and two development loans secured against the charity’s main premises, including freehold property and ongoing construction works at Sydenham

Monthly repayments range between approximately £2,375 and £3,637 per loan. Interest is charged at commercial rates in line with market lending conditions. The loans are repayable over standard terms and are being serviced in accordance with their agreed schedules.

The trustees are satisfied that the value of the underlying secured properties is in excess of the outstanding balances, and that the charity is not exposed to undue liquidity risk.

32 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

17. Related Party Transactions

During the year, the following related party transactions occurred:

The charity paid £37,286 (2023: £20,220) to GPI Ltd, a company owned by one of the trustees. GPI Ltd provides property sourcing and project management services in connection with the construction and renovation of properties owned or leased by the charity. All transactions were carried out at arm’s length. The trustee had no involvement in the selection, approval, or payment processes relating to these services. The arrangement was recorded in the charity’s register of interests and managed in line with the charity’s conflict of interest policy.

Four employees of the charity were related to trustees and received total remuneration of £76,192 during the year (2023: £58,305 for three employees). Of this, £52,192 related to three employees connected to one trustee and £24,000 related to one employee connected to a second trustee. All were employed on standard terms and conditions and none held trustee positions.

One trustee is also a paid employee of the charity. Their salary and expenses are disclosed in Note 9. No payments were made to them in their capacity as a trustee.

All related party relationships were declared in accordance with the charity’s governing documents and conflict of interest policy. Where applicable, trustees withdrew from discussions and decisions in which they had a personal interest.

33 | Charity Registration Number 1165652

Report and Accounts 2024

Notes to the Accounts for the year ended 31 December 2024

THE ARC

18. Movements in Funds

18. Movements in Funds
(a) Fund Movements During the Year
Restricted Funds B/fwd Income Expenditure Transfers C/fwd
Building Fund (Thurrock 37 26,634 26,671
Building Fund (Sydenham/South) 6,912 (6,912) -
Building Fund (2.0) 50 1,351 (1,401) -
Building Fund (Dagenham) 4,070 5,057 9,127
Building Fund (Forest Gate) 870 (870) -
Building Fund (Global) 10,500 10,500
Mission Fund 6,954 (6,954) -
Welfare Fund 3,085 (3,085) -
50 33,780 (19,223) 31,691 46,298
Designated Funds B/fwd Income Expenditure Transfers C/fwd
Land and Buildings - 66a Sebert Road 1,781,023 1,781,023
Land and Buildings - Anerley Road - -
Equipment 25,970 25,970
Fixtures & Fittings 26,974 26,974
Investment Property 208,877 208,877
Construction in Progress 595,322 595,322
2,638,166 2,638,166
Unrestricted Funds B/fwd Income Expenditure Transfers C/fwd
General (Revenue) 1,641,461 1,380,377 (1,210,472) (1,525,853) 285,513
Revaluation Reserve 904,004 240,000 (1,144,004) -
2,545,465 1,620,377 (1,210,472) (2,669,857) 285,513
2,545,515 1,654,157 (1,229,694) 0 2,969,977
(b) Fund Transfer Reconciliation Designated Fixed Asset Reserve
Unrestricted Restricted Designated
Thurrock building fund misclassifed (26,634) 26,634
Dagenham building fund misclassifed (5,057) 5,057
Transfer of revaluation reserve (1,144,004) 1,144,004
Transfer of NBV of fxed assets to designated (1,533,268) 1,533,268
(2,708,963) 31,691 2,677,272

34 | Charity Registration Number 1165652

Report and Accounts 2024

THE ARC

Notes to the Accounts for the year ended 31 December 2024

Description of Funds

Restricted Funds

Building Funds – Amounts donated for the acquisition, development, or renovation of named church buildings and properties. These are held until spent on the relevant project.

Mission Fund – Donations received to support local and overseas mission and outreach initiatives.

Welfare Fund – Donations designated for meeting urgent practical or pastoral needs within the community or congregation.

Designated Funds

Designated funds represent unrestricted income set aside by the trustees for specific purposes. In this case, they include:

Fixed Asset Reserve – Reflects the net book value of land, buildings, fixtures, equipment, and construction in progress that are not available for general expenditure.

Property Revaluation Reserve – Holds unrealised gains arising from the revaluation of freehold property. This balance was transferred to the designated fund during the year to align with the tangible asset it represents.

Unrestricted Funds

These are available for use at the discretion of the trustees to support the general objectives and operational activity of the charity. The General Fund is the primary unrestricted reserve from which day-to-day ministry, payroll, and operational expenses are funded.

35 | Charity Registration Number 1165652