REGISTERED CHAIUTY NUMBER: 1178330 REPORT OF THE TRUSTEES ND AUDITED FINANCIAL sfATEMENTS THE FOR ARK CHRISTIAN FELLOWSHIP C B Htslop & Compatry Limited Charteved Accountants l High Str¢el Thatcham Berks RG193JG ARK CHRisnAN FELLOWSHIP cowrENTS OF THE FINANCIAL STATEMENIS for the rendedjl MARCH 2025 P*gt Report Of the Tru3¢e¢s IDdependent ExaID￿tr.$ Report Sta¢¢ment of Fkn4Dclal Adlvhles Balanee Sheet No¢ts to the FiNaneial St8temenl$ 6 to 10 Detsi]ed Statement of Fin#Dcial Activities ARK CHRISTIAN FELLOWSHIP REPORT OF THE TRIISTEES for the ear ended 31 MARCH 2025 Th¢ th￿l¢e$ pres¢nt their report the fitwicial St8￿MentS of the ¢h8rity for the year ended 31 Mar¢h 2025. The Jstees have adoptsd the provisions of Accounting and Reporting by Charities.. Statement of Recomniended PrnG¢È¢e applicable to charities prepariNg their accounts ￿￿ordan¢t with the Financial Rep)rting Standard appli¢abl¢ in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND A(YIVITIES Obje£tive5 And g4ims The purFX)s¢ of th¢ ¢hariry ar¢.. l. the advat)c¢ment of th¢ Chri$tian hith in a¢¢ord•nG¢ with th¢ basis of lh¢ faith, Primarily. but not ex¢lu$ively, within Reading and the surwunding neighbourhood. 2. s￿h other ¢haTitsblc purpose5 Shall, in tl)e opinion of the eharity tr￿tees, put iDto practice the Christian faith in a¢¢ordBnc¢ with the basis of the faith, including but not li]nited to.. the prevention and reliet of need, hardship and sickness. and the provision of fa¢ilitie$ in the ihter¢5ts of social welfare for recreation or odier Icisure tim¢ occupatiot) of individuals who hav¢ need of such facilities by reason of their youth. age infirniity or disability. flnancial h￿dship or social circumstan¢es with the object of improving their Conditions of life.. provided that the advancement of s￿h purposes must be undertaken in a manner that LS ¢onsisi¢nt with the doctrinal distinctives attd ethical staten￿nts as may be adopt￿ and arnended by th¢ ¢harity from time to time. The ttustees ¢onfimi that they have referred to the guidance c4)tJtained in the Charity C.ommission'5 general guidance on public benefit ￿en reviewing the trust's aims and obje¢tives aThJ ITh planning further activities. FINANCIAL REVIEW Reserves wblficy The re5erye5 policy of the chaTity should be based on the ¢haritt¢5 objectives. Its main aim should be to achieve a margin of working capitsl sufficient to enable all &spetts of th¢ charities work to be condu¢ied in an orderly and efficient manner. STRUCTURE. GOVERNANCE AND MANAGEMENT Governithg Chri5tiatL Fellowship is controlled by its 8ov¢millg docum¢nL a deed of trust and constTrtut¢s a Charitoble Incorpordted Organi5ation {ClO). RecruitmtDt 3ppointment of new trustees N¢w trusiees are appoinL¢d by the existing rn]stee5 and th¢ constitution PTovidc5 for a minimum of five I￿Stee* Trus¢¢¢s ar¢ appointed to th¢ offices of Senior Minister. Elders, #nd Non-Elder Truste¢s. REFERENCE AND ADMINISTIL4TIVE DETAIIS Registered Ch%rity numb¢r 1178330 Prillclpgl addres8 Suit¢ 85 105 London Stre ReadAng Berks RGI 4QL TruJ¢ees O A A Olowe Trustee A T Dairo Ttwste A E Fre¢man Truste¢ M J Goyle Trust¢¢ {resigned 14.9.2024) K P Burniston tru5te¢ J Sowemimo Treasurer C Austin Tntstee Pag¢ I FELLOWS YOF EES for Iht Mded31 MARCH 2025 Independent Examlller C B H¢slop & Company Limited l Hish Streer RG193Jfj Approved by order of the board of ts7J9te¢s on..... ...... . ..... .. .................. and si8ned on its ￿h2]fbY. O A A Olowe- Tn￿re Page 2 INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF ARK CHRISTIAiY FELtA>WSHIP IDdependeDt e￿Miner'S report to th¢ trustees of Ark Christian Fellowship J report to the ¢harity Mthes on my ¢xamination of the accounts of Ark Cbristiw Fellowship (the Trust) for the yehr ended 31 March 2025. ReSpo￿$[bIlItIeS #lld b4sts of repDrt A5 the cbarity trustees of the Trust you aTe responsible for the preparation of th¢ a¢¢ouThts in accordance with the requirements of the Charities Act 2011 Ilhe Ace). I report in respect of my exèmijiation of the Trust's accounts carried out under Section 145 of the Act alld in carrying oui my axaMi￿tion I have followed all appli¢abl¢ Dire¢tions given by ibe Charity Commission uDd¢r S¢etion 145151{b) of the A¢t. Jnd¢p¢nden¢ ¢xamitier'5 Staternent I have completed my examination. I ¢onfim) that no materia] matters have come tts my attention in cowieciion with th¢ examination giving me ¢ause to b¢]ieve that in any material respect: accounting ie¢ords were not kept in respect of th¢ Trust as r¢quired by Se¢tion 130 of the A¢L or the accounts do JM)t accord with those rerords: or th¢ ac¢ounts do not comply with the applicable requir¢m¢nts roncerning th¢ forn] and rontent of accounts set oul in the Charities (Aecounts and R¢ports) Regul*ions 2008 other than any requirement that ihe accounts give true and fair view whi¢h is not a matter considered as part of an ind¢p¢nd¢nt examination. I have no cottcer￿ and have come across no other nmtteis in conncction with the examination to whi¢h attention should be drawn in this report in order to enobl¢ a proper understanding of the a¢¢ounts to be reached. Nicol¢ta Rivers C B Heslop & Company Limited Charte￿d A¢coutrtants l High Street Thatcham Berks RG19 3JG Page 3 ARK CHRISfJAN FELLOWSHIP STATEMENf OF FINANCIAL ACTivrriES for the ear t￿ded 31 MARCH 2025 31.3.25 Tota] funds 31.3.24 To Unrc5trirted fvnd Restricted Notes INCOME AND ENDOwmE￿s FROM Donations and l¢ga¢i¢s 50.888 3.505 54.393 40,972 EXPENDITURE ON 25,818 25.818 24.768 NET INCOME 25.070 3,505 28.575 16,204 RECOIYCILIATION OF FUNDS Total brollght forward 64,994 64.994 48.790 TOTAL FUNDS CARRIED FORWARD 90,064 3.505 93.569 64.994 The not¢5 forni pArt of th¢se financi815tatements Pag¢ 4 ARK CHRISTIA WSH 31 MAIi 31.3,25 Totsl fimds 31.3.24 uDtc3tric￿d fuT fuod5 FIXED ASSETS TwibkAs%ets CURRENT ASSETS 90.65Y 3,5 94,164 65,498 CREDITORS Amoullt8 failing dL￿Within on¢ >rar (59SI (595) (S70) NET CURRENT ASSETS 3.505 93,569 64.928 TOTAL ASSETS LESS Ci]RREryT LIABILITIES 90.0fy1 3.505 93569 90.IJ64 3,505 93,569 FUNDS Unr¢81n¢t¢d fvnds RestriG¥ed futtds 90.064 3,505 TOTAL FUNDS 93.569 64.994 Th¢ stat￿￿)[￿ M¢te &ppro*rA by the ￿0￿d of Tru4e¢s aDd aut11￿]sed for isque .2￿1.￿..... w¢x SiW￿On its ￿h￿[fbY'. Thenoies fom PgTLof these fitsanci&l Stst¢JJK￿% ARK CHIUSTIAN FELLOWSHIP NOTES TO THE FINAIYCIAL STATEMENT f&r ¢he 'ear ended 31 MARCH 2025 ACCOUNTING POLICIES Bg$is of prepAring the fm4ncial 514temeTrts The financial statements of the charity. which is a public benefit entity und¢r FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of ReGtsmmend¢d Pra¢¢ic¢ applirable to Charities preparing their a¢¢ounts in accordance with the FiTwi¢ial Reporting Standard applicable in the UK and Republic of Irela￿d (FRS 102) (¢ffe¢tive l January 2019),. Finan¢ial Reporting Siandard 102 Th¢ Fittan¢ial Reporting Standard applicable in the UK and Republi¢ of Ir¢land' and th¢ Chariii¢$ A¢t 2011. The financial stsrement5 have been pr¢pared under th¢ historical ¢0 ¢onv¢ntioD. All income is recognised in the Statem¢nt of Finan¢ial A¢iivities onc¢ th¢ ¢harity has ¢ntitl¢ment to the funds. it 15 probable that th¢ income will be tt¢eived and the amount ran be measured reliably. Expendit￿re Liabilitie5 are wognis¢d as expenditure as soon 85 there is a lega] or con5trnctiv£ obligation committing th¢ charity to that ¢xpethditure, it is probable that a tran5f¢r of ¢conomi¢ benefits will be r¢quir¢d in s¢ttl¢ment and the amount of the obli8ation can be measured reliably. ExpEnditure is xcounied for on an accruals basis and h85 been classifjed under headings that aggregate all cost related to the category. Wh¢r¢ costs camiot be dir¢¢ily attribui¢d io particular headings they have beert allocated to activities on a basis con5islent with the use of r¢sour¢¢s. TADgible fixed ￿Sets D¢prtciation is provided at the following anttual rdtes in order lo write off eaeh asset ov¢r its ¢s¢imaied usefvl Compu*r equipnjent 25°h on cost T&xation Th¢ rharity is exempt fr(Trm tax on its charit4bl¢ a¢tivities. Fund atCouD¢1￿g Unre5tri¢ted funds can be used in a¢wrdanre with the charitable objectives ￿ the discretion of the tNstees. Restricted fillKis can only be used for particular restrictcd purpos¢s within the objects of the charity. R¢$tri¢tions arlse when sp¢cifi¢d by th¢ donor tsr when funds ar¢ Yaised for particular restricted purposes. Furth¢r ¢xplanation of the nature and puryose of each fund is in¢lud¢d in the ttot¢s to the financial statements. TRUSTEES, REMUNERATION AND BENEFrrs There werc no trustees. remwieration or other benefits for the year ended 31 Marrh 2025 Thor for the year end¢d 31 Mar¢h 2024. Tn￿te¢s. expenses Ther¢ w¢re tho tru5tee5' expenses paid forthe year ended 31 March 2025 nor forthe y¢or ¢nded 31 M8r¢h 2024. Page 6 continu¢d... ARK CHRISTIAN HIP NOTES TO THE FINANCIAL STAI'EMEN75- continued for the tar ended 31 MARCH 2025 COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIvrriES Unres(ricted fvnd Restricted fimd Total funds INCOME AND ENDOWMEfffs FROM Donotions and l¢gaci¢s 40,972 40.972 EXPENDTfuRE ON Other 24,768 24,768 ET ll¥COME 16204 16.204 RECONCILIATION OF FUNDS Totsl funds brought fonvard 48.790 48.790 TOTAL FUNDS CARRIED FORWARD 64.994 64,994 TAIYGIBLE FIXED ASSETS Cornpuier ¢quipmeDt COST At l April 2024 and 31 March 2025 986 DEPRECIATION At l April 2024 Charge for y¢ar 920 66 At 31 Mar¢h 2025 986 NET BOOK VALUE At 31 March 2025 Ai 31 March 2024 66 Page 7 ontinued... ARK CHRISTIAN FELLOWSHIP THE ror the ANCIAL STATEMENfs- continu ear ended 31 MARCH 2112 CREDITORS: Amoupifs FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Other creditors 595 570 MOVEMEiYf IN FVNDS Net movemeni in fut)ds At 31.3.25 At 1.4.24 Unrestricted fu￿d& Gen¢ral fund 64.994 25,070 90.064 Re$trieted funds Building fvnd 3.505 3,505 TOTAL FUNDS 64,994 28,575 93,569 Net mov¢ment in fimds, intluded in th¢ abov¢ ar¢ as follows.. Incoming resources Resourtts expended Movement in fimds Ilnre5trieted fwids G¢n¢ral fund 50.888 {25,818) 25,070 Restricted Building fjjnd 3,505 3.505 TOTAL FUNDS 54J93 (25,818) 28,575 CoM￿nI1ve5 for movetnent in fu￿d$ Net movement n funds At 31.3.24 At 1.4.23 Unrertrleted General fiu 48,790 16204 64,994 TOTAL FUNDS 48,790 16204 64,994 Page 8 continued... ARK CHRISTIAN FELLOWSHIP NOTES TO THE FINANCIAL sfATEMEIYTS- eontinu¢d 202 MOVEMENf IN FUiYDS- continued Comparativ¢ net movement in funds, iThcluded in tbe aboy¢ ar¢ as follows". Incoming resources Resources expended Movemertt in funds Unrestritted funds General fund 40,972 (24,7681 16.204 TOTAL FUNDS 40,972 (24,768} 16,204 A ¢urrent Ye￿ 12 months and prioryeor 12 months c4)mbined position is as follows: Net nwv¢m¢t)I in funds At 31.3.25 At 1.4.23 Unr¢strie¢¢d fund G¢neral fimd 48.790 41,274 90.064 Restricted fundq Building fimd 3,505 3.505 TOTAL FUNDS 48,790 44.779 93,569 A Cu￿ent year 12 nh)nth5 and prior year 12 nwnths ¢ombined net movement in fuDds, in¢luded in the aiy)v¢ are as follows.. ljwming resources Resources expended Movem¢nt in fvnds Ullrestricted fun Gettvral fiuMI 91,860 (50.586) 41274 Re5trlcted funds Buildin8 thnd 3,505 3.505 TOTAL FUNDS 95 J65 (50,586) 44,779 Page 9 continued... ARK CHRisfIAN FELLOWSH NOTES TO THE FINANCIAL STA'fLMENTS- eontinu¢ for the ear eDded 31 MARCH 2Q25 RELATED PARTY DISCLOSURES Th¢r¢ were no Tekntsd party transactions ftsr the year ended 31 Mor¢h 2025. Pag¢ io ARK CHRISIJAN FELLOWSHIP DETAILED STATEMENT OF FINAN IMA IAL ACTIVITIES 25 3l.3.25 31.3.24 INCOME AND ENDOWMEKrs Don*don$ and legaeley Donations Gift Mid Oth¢r In￿Me 42.443 8.445 3,505 40,672 300 54.393 40,972 To¢*] llltomillg resourets 54.393 40,972 ExPEND￿UR Other Depr¢¢i41ion of t4rtgibl¢ fixed assets 66 247 SKpport costs Otber S￿ndrI¢s Hall hire Events and sp¢akers Subs¢riptions and licences Donations 2,191 10,625 5.222 8,261 12.393 2.550 722 7,119 25,157 23.926 CoYeTngD¢¢