REGISTERED CHARITY NUMBER: 1178330 REPORT OF THE TRUSTEES AND DITED FINANCIAL STATE ENTS RTH FOR ARK CHRISTIAN FELLOWSH C B Heslop & Compally Limited Chartered Accountants l High Street Thatcham Berks RG193JG
ARK CHRISTIAN FELLOWSHIP CONTENfs OF THE FINANCIAL STATEMENTS IMAR H20 Page Report of the Trustees Independent Ex4miner's Report Statement of Finllelo1 Actfvltles BalaDce Sbttt Notes to the Fin8nclal Ststements D¢tiled Statement of Finanelgl A¢tlvltle5 io
ARK CHRISTIAN FELLOWSHIP REPORT OF THE TRUSTEES for the r ended 31 MARCH 2024 The trn5t¢es presept iheir r¢port with the fmancial stalernent5 of the Charity for the year ended 31 March 2024. The Irustees have adopie41 the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Pra¢tic¢ appli¢oble to ¢httriiies preparing their accounts in accordance with the Financial Reportimg Standard appli¢able in th¢ UK and Republic of Ireland (FRS 102) (effeetive l January 2019). ORJECTIVES AND ACTIVITIES ObJeetlves and aims The purpose of ihe charity are.. l. the advancement of the Christion faith in accordance WAth the basis of the faith? primwily, but not ¢x¢lusively, within Reading and th¢ sumunding neighbourhood. . such other charitabl¢ purp0s¢5 as shall, in the opinion of the charity tr4LStees, put i0 prauice the Christian faith in accordance with the basis of th¢ faith. in¢lwding but Dot limited to.. the prevention and reltef of need, hardship and sidwess; and the provision of faciliiies in the interests of social w¢lfar¢ for recreation or other leisure time o¢¢upation of individuals who haye need of such fa¢ilities by reason of rheir youth, age irmIty or disability, fuwcial hardship or social circumstances with the object of improving their conditions of life. provided that th¢ advan¢eD]¢nt of such purp[S st be undertaken in a manner that is consistent with th¢ doetrinal distinetives and ethical statern¢n15 a5 may be adopted and amended by the charity from time to lime. The trustee$ ¢onfirni that they have refetTed to the guidance wnlain¢d in th¢ Charity Commission's generdl guidanc¢ on public benefit when reviewing the trusvs ain and objectives and in planning furth¢r a]vIll¢s. FINANCIAL REVIEW Reserves policy The Te5¢Tves policy of the charlty Should be based on the charities objethives. Its main aim should be to achieve VI margin of working capital suffi¢i¢nt to enable all aspects of the charities wotk to b¢ eonducted in an orderty and efficient manner. STRucfuRE, GOVERNANCE AND MANAGEMENT Gowtrffiin8 document Ark Christian F¢llowship is eontrolkd by its goYemiDg documenL a deed of trl and constitutes a Charitable Incorpot*ed Organisation (ClO}. Reerullment and &ppointrneDt of new trnstees New tn]stees are appoinled by the existing trllgteeg and the constitution provides for a rninimum of five trustees. Truslees are appointed to ihe offices of Senior Minister. Elders, and Non-Eld¢r Trust¢¢s. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Charity number 1178330 Principal address Suite 85 105 London Streei Readig Berks RGI 4QL TTllStees O A A Olowe Trnstee A T Dairo Trustee A E Freelllan Trustee M J Gayle Tn1¢¢ (resigned 14.9.2024) K P Burniston tnjstee J Sow¢mimo Treasurer C Austin Trnstee Page I
REPORT OF THE TRLSTFES for Ihk 'e4Y tnded JI MARCH 2024 RFFTrMF.YCF. Alir) 4DMINJSTR471l'F. DFT.411. llldeptndeni Exbmlntr C B H¢<sp & CompLn) LRMkl¢d l Hi¥h %ITiLI Ral4 3J(i AppEo%'Ed by ¥)r(LY uft-:IJL boArd ofir¥ilL'L'& im . nd %lgDeil il% bchali by". C) A A Oluwt- Tru4ti
INDEPEf4DENT EXAMINER'S REPORT TO THE TRUSTEES OF ARK CHRtSTIAN FELLOWSHIP Independ¢nt examlner's report to the trasttts of Ark Chri$¢lgn Fellowship I report to the chartty trnstees on my examination of the accounts of Atk Christian Fellowship (th¢ Trnst) for the year ended 31 Mar¢h 2024. Resptsn$5bllltle$ and basls of report As the charity tNstees of the Trust YOU 8re reswnsible for the prepardtion of the ac¢ounts in accordance with the requirements of the Clwiiies Act 2011 ('the Act). I report in respect of my examination of the Trt,& 2C¢Ollnis caJTied out under Section 145 of the Aet and in canying out my ¢Xami[tIOn I have followed all applicable Directions given by the Charity Commission under Section 145(5Xb) of the Act. Independent ezanJin¢r's ststetnent I have tompleted my examination. I conf7 that no material matters have come to my attention in ¢owie¢tion with examination giving me cause to believe that in any material T¢spt.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or tbe a¢cowJts do not accord with those records; or the accounts do not comply with th¢ applicable requirements concerning the foTrn and cont•it of aecounts set out in the Clwit1¢5 {A¢wullt5 aDd Rep)rts} Regulations 2008 other any requiretnent that the aclln18 give a tNe and fair view whith is not a mattcr considered as part of an ind¢p¢ndent ¢xau)inaiion. I have no c(Trn¢erns and have come across no her matters in ¢onn¢clion with the examination to which attention should be drawn in this repon in order to enable a propeT Understanding of the accounts to be reached. Nicoleta Rivers C B Heslop & Company Limited Chartered Accountants l High Street Thatcham Berks RG193JG Date.. 17/11 Iz(k Pag¢ 3
ARK CHRISTIAN FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES for the egr ended 31 MARCH 2024 31.3.24 Unr¢stric¢ed fimd 31J.23 Total Notes INCOME AND ENDoWmEf FROM Donations and legacies 40,972 30,239 EXPENDITURE ON Other 24,768 26,657 NET INCOME 16204 3582 RECOJYCILIATION OF FUNDS Total fuDd5 brought fonvard 48,790 45,208 TOTAL FU]YDS CARRIED FORWARD 64.994 48,790 The notes fom) part of thes¢ fllwicial statements Page 4
iRISTI_.IN I.'fr.I.I.(IM'%lllP H2¥L,INC.'Tr' %IIF.FI' iund rixED ASSFTS Tanwbll ,1<4I O(1 313 NF.T CI:RRI.Il'.l%fiTr.T (A i)?x 4%.4-- ¢rf.iJ4 I.IlTkn¥tnLI:L4 twxtS 114.gv4 TOT&tL Fti.VDS IA.g94 LlIe oll ..L&.IL• I X*& r5 1 ,11)li)ilL l-b.. fiifJ?I fllrt ih¢r< fin:ift'iJl iTh'.r.I
ARK CHRISTIAN FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS for the ear ended 31 MARCH 2024 ACCOUNTING POLICIES BASIS ofprep8ring the fi9ClaI st*tements The financial statemet]ts of the charity, which is a public benefit entity under FRS 102, have been prepaTed in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of ReCoended Practice applicable to charities preparing iheir a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK and R¢public of Ireland (FRS 102) (eff¢¢tive l January 2019),, Fitwicial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ir¢land' and the Charities Act 2011. The fmancial statements have been prepared under the historical ¢osl convention. Income All income is recognis¢d in the Statement of Financial Activities once the charity has entitl¢m¢nt to the fimds, it is probabl¢ that the income will be received and tb¢ amount can be measur¢d reliably. Expenditure Liabilities are re¢ognised &8 expendfftture as s(N)n as there is a legal or constru¢tiv¢ obligation ¢ommitting the charity to that expenditur¢, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all rost related to ihe category. Where costs cannot be directly attributed to particulaT headings they have been allocated to activities on a basis consi5tenl with the use of resources. T8Dgible fixed assets Depr¢cia¢ion 15 provided at the following 8nnwdl rates in order to WTite off each &1 over its estimated use1 life. ComputeT equipment 25°/D on cost Taxatio The Charity is ¢x¢mpt from tax on its charitabk activities. Fund aeeountlng Unrestricted fvnds can be used in accordance with the ¢haritable objectives at the diretIon of the trustees. Restii¢ted fimds can only be wed for particular restricted purposes within th¢ objects of the c]wity. Restriclions arise when spe¢ified by the donor or when fund5 are raig¢d for parti¢ular restricted purpos¢s. Furth¢r exp1wll0n of the nature and purpose of each fund is incllthd in the notes w the fJnan¢ial sta¢¢rn¢nts. TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2024 for the yvar ended 31 Mah 2023. Trustees, expenses The were no trusl¢¢s' exnseS paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 6 ontinued...
ARK CHRISTIAN FELIA)WSHIP L¥OTES TO THE FINANCIAL STATEMENTS- continued for the ear ended 31 MAR H 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd INCOME AND EfqDOWMENTS FROM Donations and legacies 30.239 EXPENDJTURE ON Other 26,657 NET INCOME 3.582 RECONCILIATION OF Fuf4DS Total fuDds brought forward 45,208 TOTAL FUIYDS CARIUED FORWARD 48,790 TANGIBLE FIXED ASSETS Computer equipment COST At l April 2023 and 31 March 2024 DEPRECIATiof4 At I April 2023 Charge for yeaT 673 247 At 31 March 2024 920 NET BOOK VALUE At 31 March 2024 66 At 31 March 2023 313 Page 7 ontinued...
ARK CHRISTIAN FELLOWSHIP N(yfES TO THE FINANCIAL STATEMENTS- tontinued for the eareThded 31 MARCH 2024 CREDITORS.. AMouf4TS FALLING DUE WITHIN ONE YEAR 31.3.24 31.323 Other crediton 570 519 MOVEMENT IN FUNDS Net movem¢nt in funds At 31.3.24 At 1.4.23 Unr&ytricted fndS General fund 48.790 16,204 64,994 TOTAL FUIYDS 48,790 16.204 64,994 Net movement in fimds. incknded in the aknve are as follows: Incoming f¢50urG¢s Resourceg expended Movement in futKIs Unrestricted funds General fund Q4,768) 16,204 TOTAL FUNDS 40,972 (24,76É) 16,204 Compar*¢ives for mov¢menl in funds Net movement in fimds At 31.3.23 At 1.4.22 UThre5trieted funds General fvnd 45.208 3,582 48.790 TOTAL FUNDS 45208 3,582 48.790 Compa1Ve movement in fund5, included in the alx)ve are as follows: Incoming resources Resour¢es expended Movement in fidS Unrutricted funds General fijnd 30.239 (26,657) 3.582 TOTAL FUNDS 30,239 (26,657) 3,582 Page 8 continued...
ARK CHRISTIAN FELLOWSHIP NOTES TO THE FINANCIAL STATEMENTS- Continued for the 'ear ended 31 MARCH 2024 MOVEMENT IN FUNDS- conlinved A cutrent yeaT 12 months and prior year 12 months combined p051tion is a5 follow5- Net movement in funds At 31.3.24 At 1.4.22 Ullrestricted funds General fund 45,208 19,786 64,994 TOTAL FUNDS 45.208 19,786 64,994 A current year 12 months and prior year 12 months combined net movement in fimds. included in ihe above are as follows". Incoming resources Resources expended Movemenl in funds Unrestricted funds Genera] fijnd 71,211 (51,425) 19,786 TOTAL FUNDS 71.211 (51.425) 19.786 RELATED PARTY DISCiDSURFS There were no rela*d party transacti¢)ns for the year ended 31 Marnh 2024. Page 9
ARK CHRISTIAN FELU)WSHIP DE ED STATEMENf OF FIN ded3 AL ACTIVITIES 31.3.24 31.3.23 INCOME AND ENDOWMEN73 Donation5 and legacies DoDations Gift aid Other income 40,672 23,327 6,637 275 300 40,972 30239 Total IDcomSng resources 40.972 30239 EXPENDITURE Other Depreciation of tangible fjxed assets 247 247 Support ¢osts Other Sundries Hall hire Evenls 2nd speakers Subscriptions and licw& Donations 8,261 12,393 2,550 722 7.573 12,608 3,211 2,480 23,926 25,872 Govern8nee eogts Accountancy and legal fees 595 538 Total resour$ ¢xpcnded 24.768 26.657 Net Income 16.204 3,582 This page does not forni part of the Stathlory financial statements Pag¢ RO