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2021-03-31-accounts

Charity No: 1168159

NOAH'S ARK SANCTUARY

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

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NOAH'S ARK SANCTUARY
Reports and Accounts
CONTENTS
Charity Information 1
Trustees annual report 5-8
Accountant's Report 9
Statement of Financial Activities 10
Balance Sheet 12
Notes to Accounts 12- 15

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NOAH'S ARK SANCTUARY Charity Information

Trustees

Mr Eric Moffat Ms Mary Ann Oyejobi Mr Abdul Salaam Bangura

Minister In Charge

Pastor Ade Oyejobi

Place of worship

Orchard Hall 150 Broadmead Road Woodford Essex IG8 0AG

Bankers

Natwest Bank PLC 3 The Broadway Woodford Green Essex IG8 0DD

Accountants

Gabriel Christopher & co Suite 13, Forest House 8 Gainsborough Road London E11 1HT

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NOAH’S ARK SANCTUARY

“Exhort the Saviour, edify the Saints, evangelise the Sinner”

TRUSTEES’ REPORT 2020-2021

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Introduction

The Church Trustees have pleasure in submitting the Accounts for the year ended 31 March 2021 for Noah’s Ark Sanctuary (“the Church”). This is the fifth full year for the Church, operating as a charitable incorporated organisation (CIO). The Church has been registered with the Charity Commission since 11 July 2016.

The Objects of the Church are:

  1. The advancement of the Christian faith; and

  2. The relief of poverty

Noah’s Ark Sanctuary exists exclusively to fulfil the objects above for public benefit. The Church Trustees consider that the Church activities fall under the advancement of religion. One of the key Objects in the Constitution is “the advancement of the Christian faith”, which the Church undertakes by the proclamation and furtherance of the Gospel of God concerning his son Jesus Christ the Lord and the preaching and teaching of the Word of God. However, our activities also touch on other charitable purposes such as the prevention/ relief of poverty of those who are in conditions of need or hardship.

Our mission statement is to “Read the Word [of God], Think the Word, Pray the Word, Live the Word, Speak the Word, Preach the Word and Teach the Word”. Our Vision is to “Produce Godly leaders with influence”. Our ongoing “vision 100” is a vision to see 100 more members of the public come to believe in God. We believe we can achieve this by undertaking the activities below which are open to the general public.

Public benefit

In considering our Objects and in planning future activities, the Church Trustees continue to have regard to the Charity Commission’s general guidance on public benefit, updated from time-to-time. Noah’s Ark Sanctuary exists exclusively for public benefit. Our activities are conducted in public. We generally hold our activities in the Orchard Community Hall, 150 Broadmead Road, Woodford Green, Essex, IG8 0AG. The hall is in the middle of the Orchard Estate, one of the most deprived estates in the London Borough of Redbridge. People from all walks of life come in, some from a background of different faiths and others with none, some in good health and some in ill health. We provide a place of refuge, relief and rest in Christ.

Our activities generally include:

We offer tea, refreshments, and food at all our activities and events.

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Review of our activities

The Church exists as a body of believers in the Lord Jesus Christ. We are a community who try to love and support each other to grow in our faith in God, to be there for each other when struggles arise, and to celebrate together when we have good news.

In April 2020, the Church had to respond to the COVID-19 pandemic by suspending its meetings inperson as a health and safety measure to protect church members, local residents and visitors. The rapid and exigent nature of the pandemic in the country and the world necessitated this emergency response. Central government guidelines implemented a nationwide “lockdown” (24 March 2020) which meant suspending not just our Sunday services in-person but also our Friday in-person prayer/ bible study meetings and home cell group meetings.

We recognised the need to continue to provide vital on-going spiritual, emotional and social support to members, especially given the impact the COVID-19 pandemic was having on our church members and the country. Therefore, the church reverted to virtual online meetings by exploiting Facebook, Instagram and Zoom, to fulfil our Objects.

From April 2020 until July 2020, the Church successfully held virtual services on Sundays (via Facebook, Instagram, and the website), which have included preaching of the Gospel, and the Church began to hold virtual online prayer and bible study meetings on Fridays (via Zoom). This generated keen interest, a wider international audience, and has served our purposes well.

In mid-July 2020, with the gradual easing of the lockdown and the lifting of restrictions, the Church considered plans to re-open and - working with a number of bodies - with effect from the beginning of August 2020, successfully reconvened socially-distanced services on Sundays, with risk mitigations in place for the health and safety of our Church members and guests. Risk mitigations included: requiring face-coverings whilst attending services (where applicable) and implementing signs prompting people to hand sanitize/wash hands. Redbridge Council own the Orchard Community Hall so this was in conjunction with the plans the Council had in place. Weekly Sunday services in-person continued until the second lockdown initiated by central government in November 2020. In December 2020, we were able to resume socially-distanced Sunday services with the risk-mitigations in place.

Friday prayer and bible study meetings remain online and we would want to encourage more people to connect online.

All our meetings remain open to the general public and the Church continues to celebrate important days in the Christian calendar year.

The Church continued to support Christian charities and was able to make donations to London City Mission – Webber Street Homeless Shelter (£426.49 in January 2021) , Salvation Army (Christmas) (£426.49 in January 2021) , Open Doors (£426.49 in January 2021) and Branches Homeless (£426.49 in January 2021)

Community Outreach Events

Due to the COVID-19 pandemic, we were not able to hold the Orchard Community Festival or Orchard Family Christmas Party in this financial year being reported. However, we have ongoing discussions with Redbridge Housing Office to ensure we reach out to people in the community. In a change for this year, the Church donated £500 worth of Tesco vouchers to vulnerable residents in need/in hardship in Redbridge.

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As London was in Tier 4, the vouchers were arranged to be dropped to them once London was out of Tier 4. The Council were absolutely grateful for this gesture of kindness and good will from the church community and for people to receive the vouchers.

Employment and CV Help

We continued to provide employment and CV help where possible electronically through email and other communications platforms.

Leadership

The leaders are entrusted with spiritual oversight of the Church and responsible for worship, prayer, bible teaching, pastoral care and evangelism. The Trustees are grateful to the leadership team who continue to seek to fulfil their responsibilities. We are grateful to all those involved in the fellowship also for the different ways in which they assist the Church in fulfilling its calling.

Trustee’ Responsibilities

The Church Trustees are responsible for:

The leadership of the church meet regularly at which time reports of the financial position are considered.

Financial Review

Financial statements are attached to this report which will show total income for the year and total expenditure for the year, as well as net assets.

The Financial statements will show that the Church maintains one operating current bank account with Natwest (“Natwest Operating Account”) and separately holds a deposit account with Stewardship Services (UKET) Limited (“Stewardship Deposit Account”).

The balance in the Stewardship Deposit Account was £63,556 (as at October 2021). Funds in the Stewardship Deposit Account are held as surplus funds which could, for example, be used to fund a church building in the future or be invested more widely. There are no current restrictions on the use of the funds in the Stewardship Deposit Account. The interest rates for the Stewardship Deposit Account stood at 0.1% for balances up to and including £9,999.99 and 0.6% for balances of £10,000.00 and above (as at the year ended 31 March 2020) but as of 22 May 2020, the interest rate for the Stewardship Deposit Account was changed to 0% for balances below £25,000 and 0.2% for balances between £25,000 and £200,000. The rates were reviewed in light of the COVID-19 pandemic and will be intermittently reviewed. Any sum above that is negotiated. Stewardship say they continue to monitor the market and that they are offering a competitive and flexible option for those wishing to place funds with them. Should Stewardship see an upturn in rates they will certainly

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be reviewing and looking to pass on a benefit to clients.

The Church was billed £606.70 for rent covering April 2020 – March 2021 because of the COVID-19 pandemic. This was billed in May 2021 separately with the usual rent invoice to cover April 2021 – March 2022, so any payment made may reflect in the next year’s accounts.

Gift aid received from HMRC to cover the year ended 31 March 2021 was GBP7527.86.

Reserves Policy

The Trustees have responsibility to set a Reserves Policy which sets an amount which should be held in the Natwest Operating Account as a minimum to cover expenditure. Given the monthly income of the Church (circa £2000 on average), the Church Trustees consider it prudent to keep a minimum cash balance held in the Natwest Operating Account of a sum equal to six months’ worth of monthly operating costs (i.e. £12,000). This is because the Church undertakes a lot of activity, and this amount is sufficient reserve in the account to cover emergency situations which may arise from time to time and covers basic expenses so that if the Church was to suffer significant drop in income, or to stop operating, it would have six months to put a plan in place to cover/manage outgoings and/or manage the orderly winding up of the CIO with the Charity Commission if it came to it. The Reserves Policy stated is recommended on legal advice and Charity Commission guidance. The Reserves policy has been achieved this year.

Signed on behalf of the Church Trustees by

Eric Moffat

Church Trustee

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NOAH'S ARK SANCTUARY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOAH'S ARK SANCTUARY

I report on the accounts of the Trust for the period ended 31 March 2021, which are set out below.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2012 (the 2012 act) and that an independent examination is needed.

It is my responsibility:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

A G Oyewole FCCA

Gabriel Christopher & co Chartered Certified Accountants

Unit 13, Forest House

8 Gainsborough Road

London E11 1HT

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NOAH'S ARK SANCTUARY

Statement of Financial Activities for the year ended 31 March 2021

Notes
Incoming Resources
1
Incoming resources from generated funds:
Voluntary income: donations
2
Activities in furtherance of the charity
objects
Total Incoming Resources
Resources Expended
Charitable expenditure:
Gifts and Donations- individual
3
Gifts and Donations - institutional
4
Costs of activities in furtherance of
charity's objects
5
Management and governance costs:
6
Total Resources expended
Net Incoming/(Outgoing) Resources for the year
Net Movement in Funds
7
Movement in funds
Balance at 31 March 2021		 2021
2020
Unrestricted
Restricted
Total
Total
£
£
£
£

39,121
164
39,285
34,199
-
-
-
-
39,121
164
39,285
34,199
1,717
-
1,717
2,556
1,786
-
1,786
1,157

8,314
-
8,314
16,858
1,019
-
1,019
1,125
12,837
-
12,837
21,696
26,284
164
26,448
12,503

26,284
164
26,448
12,503
25,369
54,924
80,293
67,790
(8,406)
8,406
43,247
63,494
106,741
80,293

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

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NOAH'S ARK SANCTUARY Balance sheet as at 31 March 2021

Notes
FIXED ASSETS
Tangible Fixed Assets
8
CURRENT ASSETS
Debtors
9
Cash in Hand/ Bank
CURRENT LIABILITIES
Amount falling due within a year
10
NET CURRENT ASSETS
LONG TERM LIABILITIES
Amount falling due more than a year
11
NET ASSETS
Unrestricted
Restricted
TOTAL FUNDS
12
£


7,528
97,569		 2021
£
2,184		 £
2,717
75,452		 2020
£
2,664
2,184
104,556		 2,664
77,629
105,097

(540)

 78,169
(540)
106,741
-		 80,293
-
106,741 80,293
43,247
63,494		 25,369
54,924
106,741 80,293

Approved by the Trustees and Signed on their behalf:

Signature:

Eric Moffat Name:

23/01/2022 Date:

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NOAH'S ARK SANCTUARY

Notes to the financial statements for the period ended 31 March 2021

ACCOUNTING POLICIES

The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 as modified for smaller charities.

1. INCOMING RESOURCES

These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from tithes, offerings and interest received during the year from investments and accounted for as unrestricted funds.

2. Voluntary Income: Donations
Tithes & Offerings
Interest income
Other Income
Gift Aid
3. Gifts and Donations- individual
Individual welfare
Individual Gifts
4. Gifts and Donations -
institutions
Evangelical Alliance
Other Charities Donations (4.1)
4.1 Other Charities Donations
Salvation Army
Wfcns- Night shelter
Webber street homeless shelter
Open Doors		 Unrestricted
Fund
Restricted
Fund
Total Fund
2021
2021
2021
£
£
£
31,593
-
31,593
-
164
164
7,528
7,528
39,121
164
39,285
£
£
£
1,217
-
1,217
500
-
500
1,717
-
1,717
£
£
£
80
-
80
1,706
-
1,706
1,786
-
1,786
£
£
£
426
-
426
426
-
426
426
-
426
426
426
1,706
-
1,706		 Total Fund
2020
£
31,242
240
-
2,717
34,199
£
950
1,606
2,556
£
80
1,077
1,157
£
321
321
435
1,077

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5. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS

This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.

Guest Ministers' Expenses
Christmas Outreach
Music Licence
Motor Expenses
Evangelistic Outreach
Community outreach
Hospitality
Subscriptions
Rent & Rates
Website Development
Religious & Sunday School Books
Telephone & fax & internet
Insurance
Church Cleaning
Pastor's Allowance
Trainings
Printing, postage & stationery
Other expenses
6. GOVERNANCE COSTS
Legal & professional fees
Depreciation		 2021
2020
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
-
-
-
295
-
-
-
608
266
-
266
333
886
-
886
1,438
-
-
-
302
-
-
-
728
-
-
-
422
40
40
40
387
-
387
5,347
333
-
333
270
-
-
-
413
401
-
401
419
915
-
915
938
142
142
520
3,600
-
3,600
3,600
-
-
-
815
985
-
985
241
361
-
361
129
8,314
-
8,314
16,858
2021
2020
Unrestricted
Fund
Restricted
Fund
Total Fund
Total
Fund
£
£
£
£
540
-
540
540
479
-
479
585
1,019
-
1,019
1,125
7. NET MOVEMENT IN FUNDS FOR THE YEAR
The net movement in funds for the year is stated
after charging
Depreciation of tangible fixed assets
Legal & professional fees
Bank charges & interest		 2021
2020
£
£
479
585
540
540
-
-
1,019
1,125

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8. FIXED ASSETS
Cost
At 1 April 2020
Additions in the year
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Instruments
£
4,211
-
-
4,211
1,548
479
2,027
2,184
2,664		 Total
£
4,211
-
-
4,211
1,548
479
2,027
2,184
2,664

8a. DEPRECIATION

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Church Equipment

18% reducing balance

9. DEBTORS

9. DEBTORS
2021
£
Gift Aid
Receivable
7,528
7,528
10.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Professional
Fee
540
540		 2020
£
2,717
2,717
2020
£
540
540

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11.CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

12. FUNDS
At 1 April 2020
Surplus/(Deficit) for the year
Transfers between Funds
At 31 March 2021		 Unrestricted
Funds
£
25,369
26,284
(8,406)		 2021
£
-
-
Restricted
Total
Funds
Funds
2021
£
£
54,924
80,293
164
26,448
8,406
-		 2020
£
-
-
Total
Funds
2020
£
67,790
12,503
-
80,293
43,247 63,494
106,741

12.1 UNRESTRICTED FUNDS

These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.

12.2 RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.

13. RELATED PARTY TRANSACTION

Pastor Ade Oyejobi, the father to a member of the board of trustees received an income of £3,600 during the year as the resident pastor of the Church.

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