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2023-03-31-accounts

Charity No: 1168159

NOAH'S ARK SANCTUARY

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1

NOAH'S ARK SANCTUARY
Reports and Accounts
CONTENTS
Charity Information 3
Trustees annual report 4-7
Accountant's Report
Statement of Financial Activities
Balance Sheet 1
Notes to Accounts 1 - 1

2

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 Sinnerf, TRUSTEES, REPORT 2022-2023 -1-}41NI-

Introduction

The Church Trustees have pleasure in submitting the Accounts for the year ended 31 March 2023 for The Church has been registered with the Charity Commission operating as a charitable incorporated organisation (CIO) since 11 July 2016.

The Objects of the Church are:

  1. The advancement of the Christian faith; and

  2. The relief of poverty

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 Speak the Word, Preach th Our Vision is 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 -to-time. 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.

The Church has continued to hold physical meetings in-person every Sunday which have included worship, preaching from the Word of God and Bible Studies, and throughout the year age-related teaching of the Gospel to children has also been provided. Friday prayer and bible study meetings continued to take place regularly online focusing on specific themes such as spiritual growth, fellowship, vigilance against heresies and lifting the banner of Christ. We would want to encourage more people to connect online. We have reserved the last Friday of the month to prayer meeting in-person which is also broadcast online.

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

Ministry activities span across the whole year. meet over the course of the year. The church held a 21[st] anniversary service in July 2022 and also held a singles ministry network event in November 2022 with guest speaker Pastor Bimpe which was well attended and we are encouraged to supports its development.

We have initiated new church worker groups which continue to develop and the Church has been pleased to welcome newcomers on a regular basis. We continue to support church members and residents in hardship with food donations and other items.

Community Outreach Events

The Church organised a Christmas carol and lunch service on 18 December 2022. Food and refreshments / tea and coffee were provided. People of all ages were invited and it was free entry.

We also held a Christmas Day service on 25 December 2022 and New Years Day service on 1 January 2023 which was open to the public to attend. We would like to thank the men and women in the Church for their time and sacrifice to help.

Employment and CV Help

We continued to provide employment, CV and job applications help to support people in our community and elsewhere on issues relating to employability through email/virtual assistance 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 very grateful to the leadership team who continue to seek to fulfil their responsibilities. We are grateful to all those involved in the fellowship for their excellent service and witness to the love of God and also for the different ways in which they assist the Church in fulfilling its calling.

Passion 4 Christ Youth Ministry

Passion 4 Christ Youth Ministry (P4CYM) is the s to reach out to youth within the local community, particularly (but not exclusively) those who live in Orchard Estate and preach the Gospel. The group believes that it is of great importance to ensure that younger people of today are inspired and have a bright future to look forward to, as they are the next generation. If there is a high number of demotivated youth now, with nothing to aspire to,

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and nothing to do, this will have a very negative effect for society.

The Church trustees are encouraged the group will continue to grow and reach out to engage different youth in the area, including those aged 16-25 in activities, including events that will make the youth believe they have a career goal to pursue if they trust in God.

Trustee Responsibilities

The Church Trustees are responsible for:

The leadership of the church meet as regularly as time allows 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.

Please note the Church maintained one operating current account with Natwest Operat and one deposit account with Stewardship Services (UKET) Limited until the end of March 2022.

At the end of March 2022 Stewardship notified us of its decision to close its Deposit offering to clients and as a result our Stewardship Deposit Account has closed with the balance being transferred back to our Natwest Operating Account. As at 5 April 2022 the final balance in the Stewardship Deposit Account after March 2022 interest was applied was £63630.75 and these funds are being transferred to a new account replacing the Stewardship Deposit account.

Gift aid received from HMRC to cover the year ended 31 March 2023 was GBP 7950.44.

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 worth of monthly operating costs (i.e. £12000). 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 2023, 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 2023

Notes
Incoming Resources
1
Incoming resources from generated funds:
Voluntary income: donations
2
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
Balance at 01.04.22
Balance at 31. 03.23		 2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
£
44,455
11
44,466
43,648
-
-
-
-
44,455
11
44,466
43,648
2,105
-
2,105
1,900
5,763
-
5,763
2,950
16,009
-
16,009
12,942
1,373
-
1,373
1,424
25,249
-
25,249
19,215
19,206
11
19,217
24,433
19,206
11
19,217
24,433
67,553
63,620
131,173
106,740
86,759
63,631
150,390
131,173

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

.

9

NOAH'S ARK SANCTUARY Balance sheet as at 31 March 2023

NOAH'S ARK SANCTUARY
Balance sheet as at 31 March 2023
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		 £
7,951
139,388		 2023
£
3,627		 £
7,162
120,727		 2022
£
3,860
3,627
146,763		 3,860
127,313
147,339
(576)		 127,889
(576)
150,390
-
150,390
86,759
63,631
150,390		 131,173
-
131,173
67,553
63,620
131,173

Approved by the Trustees and Signed on their behalf:

Signature:

Name: Eric Moffat

Date:

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NOAH'S ARK SANCTUARY

Notes to the financial statements for the period ended 31 March 2023

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.

Unrestricted
Fund
Restricted
Fund
Total
Fund
2. Voluntary Income:
Donations
2023
2023
2023
£
£
£
Tithes & Offerings
36,500
-
36,500
Interest income
-
11
11
Gift Aid
7,955
7,955
44,455
11
44,466
3. Gifts and Donations- individual
£
£
£
Welfare and hospitality
2,105
-
2,105
2,105
-
2,105
4. Evangelism and other
£
£
£
charitable expenses
Evangelism
4,200
-
4,200
Evangelical Alliance
80
-
80
Other Charities Donations(4.1)
1,483
-
1,483
5,763
-
5,763
4.1 Other Charitable expenses
£
£
£
Teens Challenge
574
-
574
Feed the Hungry
-
-
-
Mercy Ships
-
-
-
Premier Christian Radio
-
-
-
Salvation Army
-
-
-
Singles ministry
380
-
380
Mothers/Ladies Min
529
-
529
1,483
-
1,483		 Total
Fund
2022
£
36,359
127
7,162
43,648
£
1,900
1,900
£
-
80
2,870
2,950
£
574
574
574
574
574
-
-
2,870

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

These are expenditures directly related to the objects of the charity. They also include expenditures incurred in support of that activity where material.

Guest Ministers' Expenses
Christmas Outreach
Music Licence
Motor Expenses
Anniversary expenses
Community and youth outreach
Subscriptions
Rent & Rates
Website Development
Religious & children Sunday
school resources
Telephone & fax & internet
Insurance
Hall maintenance and cleaning
Pastor's Allowance
Stationery and media
expenses
Other admin expenses		 2023
2022
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
500
-
500
300
280
-
280
249
190
-
190
276
355
-
355
425
1,261
-
1,261
735
41
-
41
510
40
-
40
40
3,880
-
3,880
3,412
1,269
-
1,269
327
275
-
275
102
826
-
826
549
933
-
933
953
390
-
390
340
3,600
-
3,600
3,600
2,169
-
2,169
1,118
-
-
-
6
16,009
-
16,009
12,942
6. GOVERNANCE COSTS
Legal & professional fees
Depreciation		 2023
2022
Unrestricted
Fund
Restricted
Fund
Total Fund
Total Fund
£
£
£
£
576
-
576
576
797
-
797
848
1,373
-
1,373
1,424

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		 2023
2022
£
£
797
848
576
576
-
-
1,373
1,424

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8. FIXED ASSETS

Cost
At 1 April 2022
Additions in the year
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022		 Instruments
£
6,736
564
-
7,300
2,876
798
3,673
3,627
3,860		 Total
£
6,736
564
-
7,300
2,876
798
3,673
3,627
3,860

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
2023
£
Gift Aid Receivables
7,950
7,950
10.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Professional Fee
576
576		 2022
£
7,162
7,162
2022
£
576
576

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11.CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR

EAR
2023 2022
£ £
- -
- -

12. FUNDS
12. FUNDS
At 1 April
Surplus/(Deficit) for the year
At 31 March		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2022
£
£
£
£
67,553
63,620
131,173
106,740
19,206
11
19,217
24,433
86,759
63,631
150,390
131,173

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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