Registered Charity Number: 294313 Nr12 A The Ark Angel Trust Trustees, Annual Report and Accounts for the Year Ended 31st December 2025
The Ark Angel Trust Registered Charity Number 294313 Contents Charity Informaiion Pa8e 2 Trustees, Annual Report Page 3 Independent Examiner's Report Page 6 Balance Sheet Page 7 Statement Of Financial Activities Pa8e 8 Notes To The Accounts Page 9 Page I
The Ark Angel Trust Charity Informaton REGISTERED NUMBER 294313 TRUSTEES Mr Pptpr firpgn Mr John Marklew Mr Howard Emmens ADDRESS The Ark Angel Christian Bookshop* 4 Lansdowne Mews. Bude. Cornwall EX23 8DII INDEPENDENT EXAMINERS Sanderson Accountants Ltd 1st Floor 38 Lan5down Road Bude Cornwall EX23 8BN BANKERS Barclays Bank plc. 2 The Strand Bude EX23 8QX Page 2
The Ark Angel Trust Re8lStered Charity Number 294313 TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 OBJECTIVES AND AcfiviTIES: The Ark Angel Trust exist5 to propagate the Christian Gospel, primarily among residents of and vi51tors to the area of 8udo and Stratton in Cornwall, and to sueh other area: as the Trustee" may dcttrmint. The main activity of the Trust ha5 been the operation of è Christian 8ookshop in rented premises at Lansdowne Mews, Bude. The bookshop serves local people and visitors and is staffed by 2 part-time staff and a number of volunteers. The Trustees remain responsible for ovprHII t)vpr<ight, mxnagpment and administration. Occasional bookstalls are also provided at local church events. PUBUC BENEFIT: The trustees have taken into accovnt the Charity Commission's general guidance on public benefit and Ihe specific guidance on the advancement of religion through the operation of the Ark Angel Bookshop. The Trust maintain5 a service to people who are seeking to find out more about Christianity for themselves, which could not bp prnvirlgA rtn a rommercial basis In addition, the facilities of the shop ar• made freely available to the community and other voluntary organisations to provide, for example, box office facilities for local events. The Trust will also provide bookstalls for church event5 Wlthin it5 catchment area and is developing opportunities io provide further outreach and training events when appropriate. REVIEW OF THE YEAR: The charity's income has decTeased by £748 when compared to the previous year. The main reason for the variance is a reductlon In voluntary donations. The income from trading sales is comprable to the previous year, with the gross profit margin on sh()p sales increasing to 28% from 26%. Other expenditure ha5 reduced by £928. Overall the accounts are showing a deficit for the year of £1.714 compared to deficit in the previous year of £2,426. At 31st December 2025, the balance of Unrestricted Funds amo*Jnted to £26.848, which in the opinion of the Trustees is sufficient to provide working capital for the bookshop. All funds at that point were Unrestricted. It is the reserves pglicy of the Trust to maintaln syfficieni balances to avoid the need for bank or other borrowings. PaEe 3
The Ark Angel Trust Reglstered Charity Number 294313 TRUSTEES. ANNVAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 Cont. The Trustees having satisfied ourselves thai the new workin8 model for the bookshop wa5 financiallv viable and that adequate business reserves were available, embarked on a series of measufes to improve the appearance of the premise: and the 5hoppin6 experiente for our customers. Accordi¢78lyi nevi smaller units were purchased for the sales area opening up visibility throughout the shop premises. The new units have been utilised for the'gifts. area and also a display of inspirational art by a local artist, Suzanne Field. Other improvements have a150 been made to the sales area by way ol better labellin@ of sections of books and the reduction in ltsnR-dated titles. Our window displays are changed every month on a seasonal theme providing a colourful thematic display and ulilising the talent of 2 of gur volunteers. We have also been able to devote more time to promotions from and of the shop with a cgntral diEplav commemorating 500 years of the Tyndale Bible. The Trustees were happy to provide New Testaments which were free to those interested in reading the Bible, some for the first time. Thi5 is part of our investment in spreading the good news of the Gospel of jesus Christ, a central aim of the Trust. We attended the 8ude Heritage Festival and the Holsworthy Agricultural Show with the Tyndale display and were also present at ihe Christians Together Free Family Fun Festival in July. For the firsi lime we had an evening event with Suzanne Field who talked about how her own story inspired her art. This was well 8tten*Jed and Very well received. Our more stable financial position has also enabled us to improve office equiprnent and operatln8 software with the purchase of a new office computer and the introduction of Xero Accounting in an aim to simplify office and accountin8 proce55es. We have many people to thank for the tradin8 of the shop in 2025- our invaluable staff. Jane and Janine. our volunteers, our customers and all the people who donate towards the running costs of thè Shop. Not least, we thank God and pray that the shop continues to be a place of 'shalom' for all who come to it and a means of seeing His Kingdom advance in Bude and beyond. Page 4
The Ark Angel Trust Re81Stered Charity Number 294313 TRV5TEES' ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2025 Cont. The full name of the charity is The Ark Angel Trust. The Charity wa5 re8lStered on 1st May 1986 under Registration Number 294313, and its Governing Document 15 a Trust Deed dated 10th April 1986. New Trurtees, are appointed by tht ex•stin8 body of Trustees,. and Serve until re3t6nation or death. The Trustee5' who served at the accounting date were.. Mr Peter Green, M¥ john Marklew and Mr Howard EmmeAS. The address of the Trust 15 The Ark Angel Christian Bookshop, Lansdowne Mews. Bude, Cornwall EX23 88H. The independent examiners are Sanderson Accountants Ltd, 38 Lansdown Road, Bude, EX23 8BN. The Charity's banker5 are Barclays Bank plc. The CharitV'5 annual report and accounts for the year ended 31st December 2025 have been prepared in accordance with the Charities Act 2011 and the Charitie5.' Statement of Recommended Practice 2015 as applicable to the Financial Reportin Standard IFRSSEI 2015. New Trustees, are appointed by the existing body of Tru5tees'. and serve until resignation or death. Related Parties There are no related parties. Reserves Policy It 15 the policy of the Trustees to maintain a sufficient level of reserves to fund the working capital needed to operate the bookshop without recovrse to borrowing and to provide scope for further development of the range of goods stocked. To thai end, the Trustees consider that the minimurn level of feserves which must be maintained at the present time 15 £25,000 but that this figurè will be subject to periodic review to take account of the effects of inflation and ol any incieases of stocks. Where possible, the level of Reserves will be maintained or intrea5ed by retained trading surpluses, supplemented with donation5 and other voluntary income. Behalf of the Trustees Mr P Green Page 5
The Ark Angel Trust Registered Charity Number 294313 Independent Examiner'5 ReportTo the Trustees ofThe Ark Angel Trust I report on the accounts of the Trust for the year ended 31st December 2025 which are set out on pages 7 to 11. Respertive Responslbllitles of Tru5tee5 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 of the Charities Act 2011and that an independent examination is needed. It is my responsibility to.. Examine the accounts under Section 145 of the Charities Act To follow the procedures lèid sown in the general directions given by the Charity Commission {Under Section 145{51{blof the Charities Act To state whether particular matters have come to my attention. Basls of Independent Examiner'5 statement: My examination was carried out in accordance with the general directions given by the Charity Commission. An examination intiudes a review of the accounting records kept by the Charity and compar150n of the account5 presented wlth those recor(Js. It also includes tonsideration of any unusual items or disclosures in the accounts and seeking explanations from the 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 15 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.. l.Which gives me reasonable cause to believe that any material respect the requirements.. To keep accounting records in accordance wtth Section 130 of the Charities Act.. and To prepare accounts whith accord with the accounting records and comply with accounting requirements of the Charities Act have not been met. Or 2. To which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Becky Moore FMAAT 26 May 2026 Page 6
The Ark Angel Trust Registered Charity Number 294313 8ALANCE SHEET AT 31st DECEMBER 2025 20245 Total 2024 Total Funds Funds Unrestricted Restricted Funds Funds Note FIXED ASSErs Shop fitting & equipment 386 CURRENT ASSErs Stock Debtors Cash at bank Cash in hand 15.969 1,724 9,873 130 27.696 15.969 1,724 9,873 130 27.696 19,838 680 9.OC*3 130 29,651 CURRENT UABlL1ES Sundry creditors 1,234 1,234 1,089 NET CURRENT ASSETS 26,462 26,462 28.562 TOTAL ASSEfs LESS CURRETrIT LIABIUTIES 26,848 26,462 28.562 Represented by.. Accumulated Fund- Gene¥al Fund Restricted Funds 26.848 26.848 28,562 26,848 26,848 28,562 The notes on pages 9 to 11 form part of these accounts. Th counts were approved and signed on behalf of the Trustees by Mr P Green Page 7
The Ark Angel Trust Re8lStered Ch2rity Number 294313 STATEMENT OF FINANCIAI ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2025 2025 Total Funds 2024 Total Funds Unrestricted Restricted Funds Funds Note INCOME Voluntary Interest received Mi5cellaneou5 income- Glft Aid Income Irom Ch•rit•ble A¢livitie5 Charitable trading 5ale5 Total Im¢ome 9.568 33 1,724 9,568 33 1,724 10.963 70 1,042 24,520 35,845 24.520 35,845 24.518 36.593 EXPENDITURE Cost of sales Wages Advertlsing Rent of Shop Insurances 17,633 12.152 375 3,900 294 770 124 17,633 18.165 375 205 3,900 726 1.979 52 294 770 124 596 20 463 171 Rates Telephone Ind internet Postage and stationery Repair5 and renewals Computer expense5 Subscriptions Ac£ountèncv Bank. credit card charges Sundries Depreciation of lixed assets Total Expenses 596 20 463 171 565 224 581 95 570 314 48 129 37,559 S70 314 48 129 37,559 480 S24 145 39.019 NET INCOME I IOUTGOINGI 11,7141 11.7141 12,4261 RECONCILIATION OF FUNDS Accumulated Fund BTought Forward 1st January 2025 Accumulated Fijnd Carrièd Forward 31st December 2025 28,562 26,848 28,562 26,848 30,988 28,562 Page 8
The Ark An8el Trust Re8lStered Charity Number 294313 NOTES TO THE ACCOUNTS Yearended 31Jt Dettmber 202S l Accountlng policie$: 1018us15 of occounfing The financial statements have been prepared under the Charities Act 2011 in accordance with the Charities SORP IFRSSEI l Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Srnaller Entitie5lleffective from l January 20151. The financial statements are prepared under the historical cost convention. Ibl Tangiblt fixed assets Tangible fixed assets are c8Plt31ised and depreciated at rate5 calculated to write off the cost. les5 estimated residual value, of each asset over its anticipated useful life, at the following ¥ates.' Shop Fittings ) Equipment.. of Lost per annum. Icl Stocks Stocks are valL*ed at the lower of the full retail price less a deduction in respect of the retail mark up and the net reali5able value of reduced goods. Idl In¢orne Income from the shop sales is accounted for when the sale is made. Gifts, donations and interest are normally brought into ècctsunt when received. Gifts and grants for specific purposes are either treated as Deferred Income until expended, or, if partially expended during the èccounting period, are brought into account when received and the unspent portion treated a5 Restricted Funds. lel Expendlture Expenditure is char8ed on an accruals basis. lfj Funds Unrestricted funds are available for use at the Trustees, discretion for any purpose withln the objects of the charity. Restricted funds have been received with stipulation from the donor as to the purpose for which they may be used. Igl Taxation The Charity is exempt from tax on its charitable attivities. Ihl Debtors Trade Debtor5 and Other Debtors are reco8nised at the settlement amount due after any trade discounts. Prepayrnents are valued at the amount prepaid after deduction of any trade discount5. Page 9
The Ark Angel Trust Registered Char+ty Number 294313 NOTESTO THE ACCOUNTS Y•¥rended aist Dernber 2025 Accountlng poll¢le$ Icontlnutdl 111 Creditor5 Creditors are recognised where the Charity has a present obli8ation resulting from a past event that will probably result in a transfer of fund5 to a third party and the amount required to settle the obligation can be measured or estimated reliably. Creditors are normally valued at their settlement amount after deduction of any trade discounts. I f Inantial In5trnments The Charity only ha5 financial assets and liabllities of a kind that qualify as basic financial instruments. Bastc financial instrument5 are Initially recognised at transaction valLte subsequently measured at their settlement value. Ikl Penslon Costs The charity operates a pension scherne for its employees. The contributions are recognised as expenses when they fall due. 2 Tangible Flxed A55ets Shop F5tt1f & Equipment Cost As at l January 2025 Additions at Cost Disposals at C05t As at 31st December 202S 5,882 515 6,397 Depre¢latÉon As at l January 2025 Charge for the year Attributed to disposèis As at 31 December 2025 5,882 129 6,011 Net Book Value As at l January 2025 As at 31 Oecernber 202S 386 3 Employees During the year, there were two part tirne ernployees. equivalent in total to one full time post. All other work is undertaken by volunteers. No employee is renumerated at a rate of £50,000 per annum or more. Page 10
The Ark Angel Trust Registered Charity Number 294313 NOTES TO THE ACCOUNYS Year ènded 315t Dember2015 4Trustees No Trustee received any renumeration or benefit from the TriJ5t. On occasions, Trustees rnav ryL¥iV relmbur5eFnent when they have aovance(J rnor¢ey to meet Iiabilrties ot the Trust. 2025 2024 5 Dèbtors Trade Debtors Sundry Debtor5 680 1.724 1,724 G Creditorj Trade Creditors due within8 one year 1.234 1.089 Page 11