Charity No: 1168159
NOAH'S ARK SANCTUARY
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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|NOAH'S ARK SANCTUARY||
|---|---|
|Reports and Accounts||
|CONTENTS||
|Charity Information|3|
|Trustees annual report|4-7|
|Accountant's Report|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to Accounts|11- 14|
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NOAH'S ARK SANCTUARY Charity Information
Trustees
Mr Eric Moffat Mrs Mary-Ann Agoh 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 2023-2024
## **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 _rd,_ 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 n public benefit, updated from time-to-time. . 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:
- Church services, every Sunday, which have preaching and bible studies of the Gospel. We also have a Sunday school where we provide age-related teaching of the Gospel for children prayer and bible study meetings online
- evangelising
- youth events
- community outreach events
- family fun nights
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. All our meetings remain open to the general public.
The Church has continued to hold 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 online . We encourage more people to connect online and we continue to reserve the last Friday of the month to prayer meetings in-person which are also broadcast online .
The Church continues to celebrate important days in the Christian calendar year including Easter and Christmas. The church held its annual anniversary service on 30 July 2023 where everyone was encouraged to come in cultural dress to celebrate the cultural diversity within the church.
Ministry activities spanned across the whole financial year. The church continued to broadcast a weekly programme on Thursdays at 6:00pmon Faithworld TV (Sky channel 588) with Saturday repeat broadcasts at 9:30pm. The youth continue to grow spiritually and organised a successful church service on the theme of Soldiers in the army of God on 28 May 2023, and a youth games night on 17 June 2023 which was well attended as well as bible study meetings. The church held a Christian Singles Network meeting on 24 June 2023 and 25 November 2023 which was very successful. The Church has been pleased to welcome newcomers on a regular basis through our events. We also continue to support church members and residents in hardship with welfare assistance and food donations.
## **Community Outreach Events**
The Church organised food hampers in December 2023 to give to the Council for administration to people in financial difficulty. Hampers were given to struggling care leavers to collect through Redbridge Council. Recipients included single parents, elderly women, and vulnerable people with mental health issues. We would like to thank the men and women in the Church for their time and sacrifice to help with our community outreach.
## **Employment and CV Help**
We continue to make available help for employment, CV and job applications to support people within our community.
## **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 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, and
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nothing to do, this will have a very negative effect for society.
The Church trustees are encouraged the youth group will continue to grow spiritually this year and will reach out to engage new 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:
- completing the annual report and accounts on time every year and submitting to the Charity Commission;
- ensuring the Church is in compliance with charity law and regulation;
- preparing the annual report; and
- ensuring the Church resources are used for the Objects of the Church.
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.
The Church maintained one operating current account with Natwest since the closure of the Stewardship Deposit Account in March 2022 (£63630.75). The stewardship deposit account funds were transferred temporarily to the Natwest Operating Account pending setup of a new deposit account into which the Stewardship funds can be transferred. Gift aid is still to be received from HMRC to cover the year ended 31 March 2024. Please note the church hall hire rate increased by 12.6% from April 2023.
## **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. £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 2024, 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:
- to examine the account under section 145 of the 2012 Act;
- to follow the procedures laid down in the general Direction given by the Charity
- Commission under section 145(5)(b) of the 2012 Act; and
- to state whether particular matters have come to my attention
## **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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2012 Act
- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2012 Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
- accounts to be reached.
## **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 2024**
||||||||**2024**|**2023**|
|---|---|---|---|---|---|---|---|---|
||Notes||Unrestricted||Restricted||Total|Total|
|||£||£||£||£|
|**Incoming Resources**|1||||||||
|_Incoming resources from generated funds:_|||||||||
|Voluntary income: donations|2||43,565||-||43,565|44,466|
||||-||-||-|-|
|**_Total Incoming Resources_**|||**43,565**||**-**||**43,565**|**44,466**|
|**Resources Expended**|||||||||
|_Charitable expenditure:_|||||||||
|Gifts and Donations- individual|3||4,703||-||4,703|2,105|
|Gifts and Donations - institutional|4||3,580||-||3,580|5,763|
|Costs of activities in furtherance of|||||||||
|charity objects|5||20,869||-||20,869|16,009|
|Management and governance costs:|6||1,258||-||1,258|1,373|
|**_Total Resources expended_**|||**30,410**||**-**||**30,410**|**25,249**|
|**Net Incoming/(Outgoing) Resources for the year**|||13,155||-||13,155|19,217|
|**_Net Movement in Funds_**|7||13,155||-||13,155|19,217|
|**Balance at 01.04.23**|||86,759||63,631||150,390|131,173|
|**Balance at 31.04.24**|||**99,914**||**63,631**||**163,545**|**150,390**|
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 2024**
|**NOAH'S ARK SANCTUARY**
**Balance sheet as at 31 March 2024**|**NOAH'S ARK SANCTUARY**
**Balance sheet as at 31 March 2024**|||||||
|---|---|---|---|---|---|---|---|
||||||**2024**||**2023**|
||Notes|Notes|£|£|£|£|£|
|**FIXED ASSETS**||||||||
|Tangible Fixed Assets|8|8|||3,104||3,627|
||||||**3,104**||**3,627**|
|**CURRENT ASSETS**||||||||
|Debtors|9|9|6,801|6,801||7,950||
|Cash in Hand/ Bank|||154,216|||139,388||
||||161,017|||147,339||
|**CURRENT LIABILITIES**||||||||
|Amount falling due within a year|10|10|(576)|||(576)||
|**NET CURRENT ASSETS**|||||160,441||146,763|
||||||**163,545**||**150,390**|
|**LONG TERM LIABILITIES**||||||||
|Amount falling due more than a||||||||
|year|11|11|||-||-|
|**NET ASSETS**|||||**163,545**||**150,390**|
|Unrestricted|||||99,914||86,759|
|Restricted|||||63,631||63,631|
|**TOTAL FUNDS**|12|12|||**163,545**||**150,390**|
Approved by the Trustees and Signed on their behalf: Signature: Eel,
Name: Eric Moffat
Date: 23/1/25
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## **NOAH'S ARK SANCTUARY**
## Notes to the financial statements for the period ended 31 March 2024
## **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
Gift Aid
**3. Gifts and Donations-**
**individual**
Welfare and hospitality
**4. Evangelism and other**
**charitable expenses**
Evangelism
Evangelical Alliance
Other Charities Donations 4.1)
**4.1 Other Charitable expenses**
Teens Challenge
Webber Street Mission
Redbridge Food Bank
Mercyship
Branches
Salvation Army
Christian Kitchen
Singles ministry
Mothers/Ladies Min|Unrestricted
Fund
Restricte
d Fund
Total
Fund
**2024**
**2024**
**2024**
£
£
£
36,764
-
36,764
-
-
-
6,801
6,801
43,565
-
43,565
£
£
£
4,703
-
4,703
**4,703**
**-**
**4,703**
£
£
£
-
-
-
80
-
80
3,500
-
3,500
**3,580**
**-**
**3,580**
£
£
£
500
-
500
500
-
500
500
-
500
500
-
500
500
-
500
500
-
500
500
-
500
-
-
-
-
-
-
**3,500**
**-**
**3,500**|Total Fund
**2023**
£
36,500
11
7,955|
|---|---|---|
|||44,466|
|||£
2,105|
|||**2,105**|
|||£
4,200
80
1,483|
|||**5,763**|
|||£
574
-
-
-
-
-
-
380
529|
|||**1,483**|
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## **5. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS**
These are expenditures directly related to the objects of the 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
Media and stationery expenses
**6. GOVERNANCE COSTS**
Legal & professional fees
Depreciation|**2024**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
-
-
-
500
-
-
-
280
289
-
289
190
-
-
-
355
-
-
-
1,261
657
-
657
41
40
-
40
40
6,715
-
6,715
3,880
434
-
434
1,269
228
-
228
275
665
-
665
826
238
-
238
933
430
-
430
390
3,600
-
3,600
3,600
7,574
-
7,574
2,169|
|---|---|
||**20,869**
-
**20,869**
**16,009**|
||**2024**
**2023**
Unrestricted
Fund
Restricted
Fund
Total
Fund
Total
Fund
£
£
£
£
576
-
576
576
682
-
682
797|
||**1,258**
**-**
**1,258**
**1,373**|
**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|**2024**
**2023**
**£**
**£**
682
797
576
576
-
-
**1,258**
**1,373**|
|---|---|
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## **8. FIXED ASSETS**
|**Cost**
At 1 April 2023
Additions in the year
Disposals
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net Book Value**
At 31 March 2024
At 31 March 2023|**Instruments**
**£**
7,300
160
-
7,460
3,673
683
4,356
3,104|**Total**
**£**
7,300
160
-|
|---|---|---|
|||7,460|
|||3,673
683|
|||4,356|
|||3,104|
||3,627|3,627|
## **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|18% reducing balance|
|---|---|---|---|
|**9. DEBTORS**|**2024**||**2023**|
||**£**||**£**|
|Gift Aid Receivable
|6,801||7,950|
||6,801||7,950|
|**10.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||**2024**||**2023**|
||**£**||**£**|
|Professional Fee
|576||576|
||576||576|
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## **11.CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR**
|**AR**|||
|---|---|---|
|**2024**||**2023**|
|**£**|**£**||
|-|-||
|-|-||
|**12. FUNDS**
At 1 April
Surplus/(Deficit) for the year
At 31 March|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2024**
**2023**
**£**
**£**
**£**
**£**
86,759
63,631
150,390
131,173
13,155
-
13,155
19,217|
|---|---|
||99,914
63,631
163,545
150,390|
## **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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