ARK OF GOD REVIVAL MINISTRIES TRUSTEES. ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
ARK OF GOD REVIVAL MINISTRIES
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| Contents | Page |
|---|---|
| Adminstrative Information | 1 |
| Report of the Trustees | 2-3 |
| Receipt and Payment Account | 4-5 |
| Notes forming part of the Accounts | 6 |
ARK OF GOD REVIVAL MINISTRIES
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
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Reference & Administration Information
Charity Name: ARK OF GOD REVIVAL MINISTRIES
1166699
Charity Registration Number :
Registered Office and
Operational Address:
3 Princess Parade
New Road
Dagenham
RM10 9LS
Trustees:
Innocent Ikechukwu
Anthony Teshola
James Osuji
Bankers: Barclays Bank
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ARK OF GOD REVIVAL MINISTRIES
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
Structure, Governance & Management
The Trustees, are pleased to present the annual report together with accounts for the year ended 31 December 2019. The Charity was registered with the Charity Commission on the 22nd of April 2016 as a Chairtable incorporated Organisation- CIO. It adopted the CIO Association model Constitution. New trustees are appointed based on the procedures laid down in its constitution.
Members of the Board of Trustees
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
Objectives & Activities
The charity is established with a primary objective:
a. To advance the Christian Faith in accordance with its Statment of belief in UK and the world.
b. To relieve persons who are in condition of need or hardship or who are aged or sick and to relieve distress caused thereby in the said locations as the trustees may from time to time think fit.
These objectives are charitable and we operate mainly for the public good and benefits. The charity achieves its objectives by organising several church meetings within the year, and this is open to the public and its members to learn of the Christian faith. Also to be empowered to impact their local communities positively.
Achievements & Performance
Statutory Declaration
The trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.
Major Events during the year
The charity carried out all its regular activities in the year under review. It also worked in collaboration with other charities to organise events. in the community. Key events during the year are:
-
Celebration services were held weekly through out the year.
-
The charity organised other events from time to time, prayer meetings and evangelisn outreaches were also held during the year. Ark of God Revival Ministries is a family focused charity. As a result, most of our programmes are tailored towards the holistic development and support of the family unit. Training, confrences and workshop were held for the benefit of the community.
Financial Review
The principal funding sources for the charity is currently from individuals by way of Donations through Sunday and other church service activities.
During the year the charity has not received any donations nor made any incomes.
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ARK OF GOD REVIVAL MINISTRIES
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
Reserve and Investment Policy
It is the objective of the charity to ensure unrectricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an on-going basis. Based on the charity's size, the context of future plans, the level of our financial commitments and contractual obligations held. It's our policy to maintain unrestricted reserves of not less than equivalent of three months recurrent expenditure.
The Charity has a policy of keeping any surplus liquid fund in short-trem deposits which can be readily acccessed and where the capital is protected. The objective of the investment policy is to maximise interest while limiting risk. This policy is adopted as the surplus funds are expected to be used in the near future to fund future committment.
Risk Management
The Trustees have conducted a review of the major risks which the charity is exposed, in particular those to operations and finances of the charity. The Trustees review the risk regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks.
Appropriate checks, for example DBS, supported by relevant training and regularly reviewed policies are made for all those who work with children or other vulnerable groups within the Charity. Where appropriate, systems have been established to mitigate the risk the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
Statutory Notes to the Accounts
Particulars of Any Outstanding Guarantee Given by the CIO
There is no potential liability under a guarantee given by the CIO which is outstanding at the date of the statement of assets and liabilities
Particulars of Any Outstanding Debt
There is no money which is owed by the CIO at the date of the statement of assets and liabilities and which is secured by an express charge on any of the assets of the CIO
Declaration
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
Approval
This report was approved by the board of Trustees and signed on their behalf by:
Innocent Ikechukwu Trustee Date: 25th October 2021
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| ARK OF GOD REVIVAL MINISTRIES | ARK OF GOD REVIVAL MINISTRIES | CharityNo | 1166699 | 1166699 | |
|---|---|---|---|---|---|
| Company No | |||||
| Annualaccountsfor the period | |||||
| Period start date | 01/01/2020 | To | Period end date | 31/12/2020 |
Section A Statement of financial activities (including summary income and expenditure account)
| Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use Net movement in funds Total funds brought forward Total funds carried forward Separate material expense item Other Total Net income/(expenditure) before tax for the reporting period Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Investments Separate material item of income Other Total Raising funds Charitable activities Recommended categories by activity Income (Note 3) Income and endowments from: Donations and legacies Charitable activities Other trading activities |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 |
Total funds Prior year funds £ £ F04 F05 |
Total funds Prior year funds £ £ F04 F05 |
|---|---|---|---|---|---|
| - | - | - | - | 5,206 | |
| - | - | - | - | - | |
| - | - | - | - | 1,185 | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | 6,391 | |
| - | - | - | - | - | |
| - | - | 6 | 6 | 6,760 | |
| - | - | - | - | - | |
| - | - | 6 | 6 | 6,760 | |
| - | - | 6 - |
6 - |
369 - |
|
| - | - | - | - | - | |
| - | - | 6 - |
6 - |
369 - |
|
| - | - | - | - | - | |
| - | - | 6 - |
6 - |
369 - |
|
| - | - | - | - | ||
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | 6 - |
6 - |
369 - |
|
| - | - | - | 65 - |
304 | |
| - | - | 6 - |
71 - |
65 - |
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ARK OF GOD REVIVAL MINISTRIES Charity No Company No
1166699
Section B Balance sheet
| Guidance Note Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22 |
Unrestricted funds £ F01 |
Restricted income funds £ F02 |
Endowment funds Total this year £ £ F03 F04 |
Endowment funds Total this year £ £ F03 F04 |
Total last year £ F05 |
|---|---|---|---|---|---|
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| 2,929 | - | - | 2,929 | - | |
| - | - | - | - | - | |
| 316 | - | - | - | 65 - |
|
| 3,245 | - | - | - | 65 - |
|
| - | - | - | - | - | |
| 3,245 | - | - | 3,245 | 65 - |
|
| 3,245 | - | - | 3,245 | 65 - |
|
| 3,316 | - | - | 3,316 | - | |
| - | - | - | - | - | |
| - 71 | - | - | - 71 | 65 - |
|
| - | - | - | |||
| - | - | - | |||
| - | - | 65 - |
|||
| - | |||||
| - 71 | - | - | - | 65 - |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
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CC17a (Excel)
23/10/2021
7
ARK OF GOD REVIVAL MINISTRIES
TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
Notes forming part of the financial statements for the year ended 31 December 2020
(a) Basis of Accounting
The accounts have been prepared using the receipt and payment method in accordance with Charities Act 2011.
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their use as imposed by the donor or through the terms of an appeal. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Receipts are classified under Tithes, offerings because as a church these are the main types of donation given by individuals
(c) Staff
The Charity has no employee during the the accounting years under review. All its work has been managed by Volunteers during this financial year.
(d) Public Benefit
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public Details of how this is achieved are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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