THE ARK
Trustees’ Annual Report and Accounts Financial Year End: 1 May 2024
Charity Registration Number: 1205514 (Charity Commission Register Entry)
1. Trustees’ Annual Report
A. Reference and Administrative Details
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Charity Name: The Ark
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Charity Registration Number: 1205514
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Registered Address: 5 Coldhams Place, Cambridge, CB13HE
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Trustees:
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Narjiss Fathi
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Eymen Kaya
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Chair: Samir Abdalla
B. Structure, Governance, and Management
Governing Document
The Ark is governed by a Constitution adopted on 1/11/2023. The document sets out the rules for trustee appointment, charitable objectives, and operational oversight.
Appointment of Trustees
Trustees are appointed in accordance with the governing document’s provisions. They are responsible for the overall management and strategic direction of The Ark.
C. Objectives and Activities
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Objectives (from Governing Document)
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The Ark’s main charitable objective is to support education, ultimately aiming to establish and sustain a school or associated educational programs.
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Activities During the Period
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Legal Preparations : Obtained professional advice to ensure compliance with legal requirements.
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Branding/Logo : Commissioned a logo and basic design to establish brand identity.
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IT Setup : Developed or began developing a website to share information and attract future donors.
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D. Achievements and Performance
1. Key Achievements
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Successfully registered as a charity with the Charity Commission (Number: 1205514).
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Created initial branding assets (logo, design).
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Pursued professional legal support to lay a compliant foundation.
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Challenges
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Received no external funding during this reporting period.
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All costs were covered personally by trustees.
E. Financial Review
1. Policy on Reserves
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The Ark holds no reserves at present, as there has been no incoming revenue.
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Review of the Year
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Income : £0
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Expenditure : £1,988.00 (details below), fully funded by trustees.
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Going Concern
Despite limited funds, the trustees remain committed to continuing operations and seeking donations or grants to further the charity’s objectives.
F. Statement of Trustees’ Responsibilities
The trustees are responsible for:
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Maintaining proper accounting records that reflect The Ark’s transactions accurately;
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Preparing financial statements in accordance with relevant regulations and best practices;
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Safeguarding the charity’s assets and ensuring they are applied in line with its objectives.
G. Approval of the Annual Report
This report was approved by the board of trustees on [Date] and signed on its behalf by:
_________________________________
Samir Abdalla
Chair of the Board of Trustees
Date: 1/04/2025
2. Receipts and Payments Accounts
A. Statement of Receipts and Payments for the Period Ended [Date]
Receipts £ Donations/Grants 0.00 Other Income 0.00 Total Receipts 0.00
(No external funding was received in this period.)
| Payments | £ |
|---|---|
| Legal/Professional Fees | 1,500.00 |
| IT (e.g., Website, Hosting) | 238.00 |
| Logo & Design | 250.00 |
| Total Payments | 1,988.00 |
B. Statement of Balances
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Cash at Bank/Hand (Start of Period): £0.00
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Plus: Total Receipts: £0.00
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Less: Total Payments: £(1,988.00)
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Cash at Bank/Hand (End of Period): £(1,988.00)*
*This negative figure indicates out-of-pocket spending by trustees. If no reimbursement is sought, you may treat it as a trustee donation-in-kind or note it as a debt owed to the trustees if they plan to be reimbursed later.
C. Notes to the Accounts
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Basis of Accounting
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The Ark’s accounts are prepared on a receipts and payments basis, in line with Charity Commission guidance for smaller charities.
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Related Party Transactions Trustees personally covered all expenses during the period, totaling £1,988.00. No reimbursements were made.
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Fund Balances
All funds are unrestricted. There are no restricted or designated funds at this time.
D. Approval of the Accounts
These accounts were approved by the board of trustees on [Date] and signed on its behalf by:
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_________________________________
Samir Abdalla
Chair of the Board of Trustees
Date.. 01/04/2025