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ARK OF GOD REVIVAL MINISTRIES

TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

ARK OF GOD REVIVAL MINISTRIES

TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

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 2023

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Reference & Administration Information
Charity Name: ARK OF GOD REVIVAL MINISTRIES
1166699
Charity Registration Number :
Registered Office and
Operational Address:
32 Mallard Road
Barking
IG11 0GY
Trustees:
Innocent Ikechukwu
Anthony Teshola
James Osuji
Bankers: Barclays Bank
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Page 1

ARK OF GOD REVIVAL MINISTRIES

TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Structure, Governance & Management

The Trustees, are pleased to present the annual report together with accounts for the year ended 31 December 2023. 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:

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.

Page 2

ARK OF GOD REVIVAL MINISTRIES

TRUSTEES' ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

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: 19 October 2024

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ARK OF GOD REVIVAL MINISTRIES Charity No 1166699 Company No Annual accounts for the period Period start date 01/01/2023 To Period end date 31/12/2023

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity
Guidance
Income (Note 3)
Income and endowments from:
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
Total
S07
Expenditure (Notes 6)
Expenditure on:
Raising funds
S08
Charitable activities
S09
Separate material expense item
S10
Other
S11
Total
S12
Net income/(expenditure) before tax for the
reporting period
S13
Tax payable
S14
Net income/(expenditure) after tax before
investment gains/(losses)
S15
Net gains/(losses) on investments
S16
Net income/(expenditure)
S17
Extraordinary items
S18
Transfers between funds
S19
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s
own use
S20
Other gains/(losses)
S21
Net movement in funds
S22
Reconciliation of
funds:
Total funds brought forward
S23
Total funds carried forward
S24
Note		 Unrestricted
funds
£
F01		 Restricted
income
funds
£
F02		 Endowment
funds
£
F03		 Endowment
funds
£
F03		 Total funds
£
F04		 Total funds
£
F04		 Prior year
funds
£
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
38 - 0 38 0
- - - - -
38 - 0 38 0
-38 - -38 -
0
- - - - -
-38 - -38 -
0
- - - -
-
-38 - -38 -
0
- - - -
- - - - -
- - - - -
- - - - -
-38 - -38 -
0
- - - - 71 -
71
- - - 109 -
71

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ARK OF GOD REVIVAL MINISTRIES Charity No 1166699 Company No

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
£
F03		 Total this
year
£
F04		 Total last
year
£
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
2,938 - - 2,938 2,938
- - - - -
-24 - - 14
-24
2,914 - - 2,914 2,952
- - - -
-
2,914 - - 2,914 2,952
2,914 - - 2,914 2,952
2,881 - - 2,881
2,881
- - - - -
-
33		 - - -
33		 - 71
- - -
- - - -
- -
-
-
33		 - - - 33 -
71

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 2023

Notes forming part of the financial statements for the year ended 31 December 2023

(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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