Print annual return | Charity Commission
20/01/2023, 21:14
(https://www.gov.uk)
Charity Commission Annual Return 2022
Charity registration number: 1172774
01/05/2021
30/04/2022
£ 0 £ 0
https://portal.update-charity-details.service.gov.uk/group/annual-return-2022/print
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Print annual return | Charity Commission
20/01/2023, 21:14
No
No
No
No
No
No
£
https://portal.update-charity-details.service.gov.uk/group/annual-return-2022/print
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Print annual return | Charity Commission
20/01/2023, 21:14
No
No
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No
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No No £ 0
0
Yes
https://portal.update-charity-details.service.gov.uk/group/annual-return-2022/print
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Print annual return | Charity Commission
20/01/2023, 21:14
https://portal.update-charity-details.service.gov.uk/group/annual-return-2022/print
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PROJEcf ARK FOUNDATION ACcOuts FOR THE YEAR ENDED 30 APIUL 2022 awrlty number. 1172774
PROJEcf ARK FIXINDATIOM INDEX TO ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2021 PAGE Refererte aThJ aJmlnlstratTNe Infomiauon Tnst Report ststerrknt cf Trustees, Rwonsililibes ststem&tt cl Flnandal ACtivr(S Balae g)eet Ncts to the pKcounts 7-10
PROJEcf ARK FOUNDATION REFERENCE AND ADMINlStRATIVE INFORMATION FOR THE YEAR ENDED 30 APRIL 2022 M Tamrir) MRIZ Czarntr A(x)r, 33 N&vman street WIT IPY London tharfty number 1172774 Bu51nesg A(klre55 12Th1 Fthr, 33 Newmon Street WIT IPY London Bankars ro Bank PLC One Southampkni Row London WC18 SHA Acntants SGS & CO k£ntsnts & &Jslness Consultants Ltd 72 Swffire rcéd CV47 IAA
PROJE ARK FOUNDATION TRusfEES' REPORT FOR THE YEAR E14DED 30 APIUL 2022 The Tru5t westht r rew)rt and financlal statements for the year end 30 April 2022 as wuired by Ctsrlty wulk)r6 1egisknti. structu Go¥ernan¢e and Manayement The chm is a Chrtabk Incport0j (kgantsation go¥emed by (ts o)nstTtutlon dated 27 April 2017. The trustees who sewl during ts year and up tr) the date of slgnature ol the flnandal sPAternents were: M TamburlN) M Rizzi C Zamtets None of the Trusw have ary LclaI Interest In the charty. PJI the TnJ5tees are DRrntErs of the thrity and guarantee to contribjte £1 In the event of a wlTrJlrrfJ up. The methods adopW fvrthe re(TullJnent and appolntment of new trustees The trustEes are aFxJlntsl ty the exlstfjng trustee5. The poll¢le$ aN1 proc4duregadopted for the Inductlon and tralnlng of tnees On recruw all tri&ees are iUj with the Charfty Commtssbn (Ixurynt CC3 The Esswual Trustee {mc6t rKent Uate. May 20181 arKI new truste85 we rMuir&J to sKJn that have real and understoc¥J it. The wg•ni5•1itinal structur• of th• ch•rfty and how dedslons made The Trusvs worf(, thy-to.day, during thi5 peri was organi%ed and led by the Trustees. Hnanclal Rlsk Mana9emwtt ObJertlve$ and P•li¢ies The have assessed the major risk5 trj vthith the d)arfty Is expc6&1 and a sa¥sfied that SysteTr are In b) m5gate exrAxJre to the rnr ros, Charfty obhl¥4s and acll¥ltks In 2021122 The charltys ctl&bS are to preserve and protert endangered spth around the worfd thrcwh maklng grants to any Oth in5ti1utitins thin the objects of the charity. I proFA)sals for grants are generated Internal and truths regrettw extemal applIcati$ fvndlThJ will TrJt be consider&l. trustees have pald the rèjard b) IseI by the Charty Cunmis5ion in de¢KlirvJ what acbvitkg the tharity shId undertake. Finan¢i•l rwi During the year the tharity nlsed funds of £0 and expend8J £0. The reseNes defiat to cary forward is £2,916. Reserves Pollcy It Is the poliLy of the (J)arfty that unre#rfcted fijnds whlth have nrt teen dnated ts a src use should be maintsinej at a level eyuwalent to tCeft three- and slx-month's expthlltu. The Trustees consider that reserves at this level wlll ensure tha¢ in the event of a signlficant drop in fvndingi they will able to contirnue the (harrys ojrrent vses Co[lderation is gNen to ways in which addrtional fvnd5 rr te ralsed. Thls level of re4tryts ha5 notyet been rt However, Trust are wothrKJ towwds nE*lrrfJ thLs target.
PROJEcf ARK FOUNDAIION TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2022 The trustees conflrmq tIt the aCcnts comFty curTert stabjtory r8]uirennts and th¢)se of the chwws trwt deed. ?8. 0?.?&3 Approved byTrUSteOn...............................and ned by. Czambe
PROJECT ARK FOUNDATION srATEME1 OFTRiisfEES RESPONSIBILrrIES The charty truee5 are rewn5ible for weparing a tiustees. annual r{Irt and flnandal statanents In a¢wrdèn wf(h apFIcale Law and Untrd Kngdcth AccoJntlThJ Stsndards lun1tl KIOrn GeTrIfy Apt Counti Pr11. The LiwapplicabletothtEs in arwj Wales requires the charitylThsteesto preparefinanclal sthments for each year whKh glve a and falr vSew of ts state of affalrs of the cFwrity and of t incomirvJ rewu and applicatic of resourt&, of the charity for that In prewing the finaThcial statements, the trustees are requi tr): selert 9J5tstde untIJ p)Ikles then apply them csIstenty. ctseNe the methcés and ndpIeS In the tharftles StatsThnt of Rewrnrnend8Y ('SORP'I' me Judgmerts arKJ esbmates ore reasonable aThJ mvjentr, state whether appllLzble accounbThJ StaardS and stratsftEnts of recOmnded pr have teen fdl¢)wed, bjert to any materfal departu dlsclos8J and explained in the finanaal statements,. aTrJ prepare the finarKial thtements on the grng COnN basts unless It Is Inapproprlate b) wesume that harity will cx)ntJnue In operafth. Tl are r4X)rs1b fc keeplng w)Fer acwJnng records bhat dlsdose with reasonable 0jraCY at ary Ume the finanaal pjsition of the charity and to enable thern to ensure thot the financial statements comp wth tt Chariues Att 2011, the appllcable Charfles (Accounts aThJ RetKrts) Wulattons, and tIE pOnS c tt Trust deed. They arealso reSp)Thae forsafeguardlng the assets of the chartyand reasonatrAe steps for the preventlon aThJ detection fraud and other irregukiriUe5. The trustees are responble for the maIntenae and inrty cf the charfty aThY flnafLtsI Infornofi Iluded on the charivs webyte in acc(wdarKe with IwJilati¢n in the United ngdoM governSng lJ)e pparafj0n aTh dls8thnatk)n (IfTna1al Statents.
PROJEcf ARK FOUNDATION ATEMElff OF FINANCIAL AcfivrnES FOR THE YEAR ENDED 30 APRIL 2022 Ye•r Ended 2022 End 2021 Funds Income and 51X) Donathjns aThJ ExpÈndltyre on: (table a¢tfv1tl. prt costs 50D et expendliurel Net movement In funds (o) (o) ReLw¢llllon of fvnd$ Fjnds blf at l May 2021 (2,916) (2,916) Funts rlf at 30 Aprll 2022 (2,916) (2,916) The ststerrnt of financial a(kntits irK*Jdes all galrs and losses rec(yJnls&J In the year. l of the atttvlues of the charty a da5soJ o)nVnthro. The note5 set out on pag85 8 to 10 forrn part of ttEse aWlMJnts.
PROJE ARK FOUNDATION BALANCE SHEEf As AT 30 APRIL 2022 2022 2021 Notes Cash at bank and in 34 C¥editor5: Amountsf•llin9 tkn within one year Other credltors and acuuals (2,450) 12,450) Net Current assets (2,916) (2,916) IncThnefun¢ls Unrestrlcted fvTrJ5 (2,9161 (2,916) Toial fund$ (2,916) 11916) The ?Ounts were aFyo¥ed by the t*)ard ofTn&ees on .... .. nd signed by:
PROJEcf ARK FOUNDATION MOTESTO THE ACCOUNTS FOR THE YEAR E14DED 30 APRIL 2022 ACC(YJNTING POUCIES The flnandal statements have bn prepared In accerdance Accountlng anLI Rwllng try charfe5'. of Mnded PraCy applloNe to d)arltyes preparfng thwr armunts in accordarKe bmth the nal Rwting Staard appMcatAe In the UK Wblk of IreLiTrJ {FRS 1021 applic regUlali The financial ements have been preparal to glve a 'true and fairf ¥Aew hove depart&J from the CharitE5 {Accounts and ReForts) Regu0 2{OnIY to the extentrequired to wowide a atKI tsirYEV. Thi5 departu has involved fdlowlry knounfjng and by CharfY85 1r ar£ounts In an the Fir[ Reporting Stsndard apIcAble In the UK and Wubllc of IrelaTrJ IFRS1021 rather than the knounting aTr Reputhg ty Charftk5.' Staternent of Re(nended effective from l )ril Xrf)S whlch has 4nce be withthawn. ProJtttArk FoundaOn meetsthedefinltkyi of a pubHc trEnefit entyty under 102. Assets lIae5 are Inalty rec(¥JS1 at hlstrtJl cost rx tranSattrt Vall Unle otherwise stated in the relevant accounting k¥Jlicy note5. [dI1j a the accowrtlng prIe$ wNch have teen aFf41ed In deallng wlth maierkl Iterrs'.- It i% the oplnlon ofthe Tnjsttts that the use ofthe wing coKem ofattthJntirYJ Is akwroprfate because: a no materlal uncertralntles rang to events CK ccnthtions that may 9Mcant L)ubt atrKsutthe atilty of the charity to ccntinue as a gMg cencern.. there is reaSOnae exptstion that the tharfty has adequate r&wrces to contlnue In rnbal e5te for the foreseeabk futu. Unrestrirted income fiJrKls o)mprlse tkne fLmd5 whlch the trustees are free to use any purpJse in furtheran of the charitaL4e oblecdves unkn the fund5 have been egnated purpLW5. ITK3Th Is rn1 orKe the charity has entitiement to the Incor there is SUffit cwtsinty recdpt and so r¢ L4 prObe that the I[orr will LE rttved, and the amount of inuJn rec8vatAe can measural rd13tAy. TL¥nw Is measur8J at falr value of the conshJ¥atton rece(ved provld&J In the [1 cr5e of lne$% LiabIle5 are rewgnised a5 eXpditUre as as Ihere is a lèJal or construCve oNlgaUon comnltting the tharity to that expelldr(ure, it is probable tst Settlnt wlll be requlred, aTrJ the amount of the cblhJati¢M te rnea5ur8J rdlably. I Q¥Fenthty Is on an (rual5 ba. Al eXpse5, Induthry WFPOrt costs and governan L))sts, are allorAted or aFpubcned to the apkl1cab exkEndltt¥e he&Jlngs In the stateMtof final athit(es. For mre InfMti on this al1lw3tK rr to the note bdow. Irrxoverable VAT chargej ayir& the expeThJith heading fer whlth fcwas IrUr. rn Suppyt costs have drfferenatthl be¥ g7¥eM)n costs and other suppjrt coys. fJVernCe co comprÈe all costs Irw)fvlng the publlc acCjniat{l1ty of the ch* aml lis o)mpllarte with rew1atit and gwd practice. GO¥Thr costs and SUFPCrt Costs rdalr#J to tharftab J¥IveS have been apporurmed approprwtety. The altiOn of 5UPPNt and tr)VeMan costs Is anatysed In the not&5. hari The exFenditure on charItae grts made, gov&narte costs and an wrbonm&rt of suppjrt
PROJEcf ARK FOUIIDATION NOTES TO ThE ACcOUPs FOR THE YEAR ENDED 30 APRIL 2022 I. ACCOUNTING pouaES (Jnue> gl Unrestricted funds whid) have Th)t been designa for a srwific use ould be maintalned at a levd 4uivaltto th aThY &x months expendlture. The Trusteas COnder that Te5erv& at level I11 en5we that, in the evertof a s¥Jnfficant drop in fding, will be able to IDntinue the CyrftyS ajrrent ti¥l"eS whde consideration is given to ways in %¥hirh add[tI1 funds be raised. h) nk nd in hand Cash at bank and In hand Inde5 cash short term hJhty liquid investrnents %•yih a SI matiity of thr rnOnt or k55 from the date of acqulSlon. Cr&litor5 and pwsiorLS a rn]Sed where the charlty has a pYesent£&l(gaOn re5ulttng from a post t¥t that w511 pro)1¥ re9Jlt in the tra[ts of funds to a third party and the arnuunt due to settle the otAlgaUon fan be [rSured or estirnated rdiably. Creditors and prowsons are Mrmalty r09n1$ at transacyon value. TW are subwuentjy TFEa5ur& at ar[rtiSed ¢(st usirKJ the effe£bve Interest rnetkA, excqjt where the r-t of disuuntkng ¥YtyJld LE hnrnatertal. ID gjth Ca credlttys are statsd at the transXon vpjue. Flnanaal Irthjnents are dasslfied and aCa)Un for, actordlng to tr wb$tsn rf the contrxtual arraro&)Rnt as finanual assets c final Ilalmllties. The d)arfty cffjly has finanrial a&sets liabl15 of a nd that qua16fy as financial Instrumen financkl Irstruments a in115a1 recrMJnisal at ts3rsadon value. They are subwuenty meayJr&l at cr& u&rvJ the effecuve Inte method. except where the efffft Lif dlxwthg wwld te immateiial, in whith case they art stated ato)st {kss iftwaim)ent where ap[matrI. In the aFvllcatlon of the charfty¥ accoundTrJ wliae5. TruStee5 ore r8Juiral to make judgments, esbmales and a55urrptlon5 aLKYJt the caffylng amount of assets and liabilits that a not wdily appawt frrth oth¥ ur. The tirnates and asg)dated aswmptbns a basa1 on histrrtycal eXpertw and other f¥tors that are cirtsNlered to be rekvant. Acbjal results may differ from these &timate5. The estlmates and aMPtic&are revthvtij on an ba4* ReV5C$ to Qjjnkn0 estlmates are remwlsed in the kEriLxJ in whith the e5tKnate is rE¥ed where the remsth affects (lY that perfDJ, or the perffxl of the rewgcn and fvknre periods wh¥e the revllon affects b)th ojrrent and future perfod5.
PROJE AIIK FOUNDATION NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2022 2. Don)tlons and leycles 2022 2021 tk)ations and grfis 550 3. AlySIS of tharltable expendltur• CostsdlreLtty allorated to actlvlUq5 Charfiable T•tsl 2022 Total 2021 Share Df 9JkWt CL)Sts (see note 41 Share of govThnce costs (see Note 41 SC 5(N) Totthl 2021 4. Supwt Costs 5pport Governance Total 2022 Lèjal & profe55inal CongJtsrry The Tranal &MinI5trati¢ St5 have been allj to Wl professi)nal costs and Indle CountrnCY fees £0 {2022- Nill. None ofthe Tru5tee5 (or any Fer50ns coMect8J with them) recaved any Miurerauon or benefft5from the tharfty durfn9 the year12022.' Nill. 6. Emplty••s There were no empbyees during th2 year {2022.. NII). 7. Prlor Ytsr Statement of FIMnclal A¢iivltl¢s iknrestrlCt Totsl 2011 Funds INCOME Invesbment kicune SC EXPEIIDrnIRE Cost of charftable actfvWe5: Other tharitable e¥kEnditure Net movemert In fvnd$ 500 (o) (o) 8. Credltors: Amounts Flllno Due Wlthln One Year 2022 2021 kcruats 9. Unrestrlcted fund 10) (SWI Balan at l May 2021 Exce55lldeficit) of over genval expEth for the year Transf¥ of deggrn3W funds (2,616) 10) {2,6161 10) Balan at 30 Jlyll 2022 {2,6161 Trls fund reprewts the sutplu5 unrethrted acojmulatsd Irome of the TrusL
PROJEcf ARK FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2022 10. Flnandal Catagorlsatlon CateJorisatk)n of flnandal In51Jurrwts: 2022 20 F1Th3rKrdl assets that a debt instruments measured at amortlsed cc6t FinarKlal Ikgbllltlas m5ur&l at WTh)rtiS 34 2,916 2,916 11. Taxatlon Projert Ark Fwndation is a charity and therefore Is rK)t lIate to Incorne tax or corwratlon tsx on Irm dwlv&l from its thartse activitie5, falls within the mPanS available to registwed charities. IZ Related PartyTran5actlons There no d15closat4e relabj paity transxUor6 durtng eher perfrxl. l& Ultlnwts controlllng partv There is rK) umimate cLY11r¥j party.