Ark Kingdom Ministries Charity Number NIC 101308
Financial Statements for the period 1st April 2023 to 31st March 2024
## Ark Kingdom Ministries
## Financial Statements for the period 1st April 2023 to 31st March 2024
|**Contents**|**Page**|
|---|---|
|Trustees' report|2, 3|
|Examiner's report|4|
|Statement of financial activities|5|
|Balancesheet|6|
|Notes to the accounts|7 to 9|
1
Ark Kingdom Ministries Trustees' report
The Trustees during the year were:
**Name Position** Mrs. Eunice Marks Trustee Miss Beth Service Trustee Pastor Ufuoma Obahor Trustee Mrs. Sandra Obahor Trustee Pastor Stephen Bamgbala Trustee
## **Method of appointment**
Trustees are elected by the members at the AGM
## **Registered address**
100 Springhill Road Moneymore Magherafelt BT45 7NN
## **Bankers**
Danske Bank PO Box 183 Donegall Square West Belfast BT1 6JS
## **Governing document**
CONSTITUTION ADOPTED 6TH MAY 2003. FURTHER UPDATED UPON REGISTRATION WITH THE CHARITY COMMISSION FOR NORTHERN IRELAND DATED 24TH MARCH 2013
## **Objects of the organisation**
Purpose of the Charity The Charity is established for the:
a) advancement of the Christian religion (the ministry of JESUS CHRIST) in accordance b) the relief of poverty
c) the provision of facilities in the interests of social welfare for recreation and other leisure d) for personal and social development of young people to reach their full potential physically e) Promoting the welfare and safety of individuals at all times.
## **Independent Examiner**
Mandar Patel Courtfield Trading Limited 51 -53 Oxbridge Lane Stockton On Tees
TS18 4AP
2
Ark Kingdom Ministries Trustees' report continued
Statement of Trustees responsibilities
Charity law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charity. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently
- make reasonable and prudent judgements and estimates
- prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue to run.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial accounts comply with charity commission guidelines. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees by:
Signature:
Name: Mrs. Sandra Obahor
Date: 22nd January 2024
3
## **Ark Kingdom Ministries Independent examiner's report on the accounts of for the period 1st April 2023 to 31st March 2024**
I report on the accounts of the charity set out on pages 5 to 9 **This is a statutory independent examination.**
## **Respective responsibilities of the trustees and the examiner**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
## It is my responsibility to:
*examine the accounts under section 65 of the Charities Act
*follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
*state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 63 of the Charities Act
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of the Charities Act
4. That there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
## Date: 28/01/2025
## **On behalf of Courtfield Trading limited**
4
## Ark Kingdom Ministries Statement of Financial Activities
for the period 1st April 2023 to 31st March 2024
|**Resources Expenditure**
(3)
(4)
Charitable Activities
Management and Administration
**Total payments**
**Net receipts / (payments)**
Transfers between funds
**Cash fund balances brought forward**
**Cash fund balances carried forward**
Fees and Donations
**(2)**
**Total Incoming Resources**
**INCOME AND EXPENDITURE**
**Note**
**Incoming Resources**|10,280
**10,280**
**2024**
**Unrestricted**
**funds**
**£**|10,280
**10,280**
**2024**
**Unrestricted**
**funds**
**£**||0
**2024**
**Restricted**
**funds**
**£**|10280
11829
**10,280 11829**
8534
10249
2,200
2,612
10,734.
13,220
**2024**
**Total**
**funds**
**£**
2023
Total
funds|
|---|---|---|---|---|---|
||||
|
||
|||
8,534
2,200
10,734||
-
-
-
-||
|||454||-|454
1.391|
5
Ark Kingdom Ministries Balance sheet as at 31st March 2024
|**Current Assets**
**Note**
Cash at bank and in hand
**(5)**
**Current Liabilities**
**(6)**
**Net assets**
**Funds**
Restricted Funds
Unrestricted funds
**Total Funds**
**(7)**
Creditors (Under One Year)
Creditors (Over One Year)
**Total current liabilities**|0
**2024**
**Unrestricted**
**funds**
**£**
152
152
-
3,000
**3,000**|**2024**
**Restricted**
**funds**
**£**
-
-|**2024**
**Total**
**funds**
**£**
152
152|1910
1910
3,000
**3,000**
1995
2799
2023
Total
funds
£|
|---|---|---|---|---|
|||-
-
**-**|-
3, 0 0 0
**3,000**||
||||||
|||0|||
||||||
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with charity commission guidelines and preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year.
The financial statements were approved at a meeting of the trustees. and signed on its behalf by:
Signature:
Date: 28.01/25
6
Ark Kingdom Ministries Notes to the accounts
for the period 1st April 2023 to 31st March 2024
## **1 Accounting Policies**
## **a Basis of accounting**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **b Income**
Donations and legacies are accounted for when received by the charity.
## **c Grants**
Revenue grants are recognised in the Statement of Financial Activities on receipt, subject to any required conditions being met or services being provided. Capital grants are recognised on receipt in the Statement of Financial Activities. This policy has been adopted to give a true and fair view as recommended by the SORP
## **d Taxation**
As a registered charity the organisation benefits from rates relief and is generally exempt from income tax and corporation tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
## **e Tangible Fixed Assets**
Tangible fixed assets are capitalized if they can be used for more than one year and cost at least £1,000.
Rates of depreciation Computer Equipment:100% Office Equipment:100% Other Equipment:100%
## **f Fund accounting**
Funds held by the organisation are either:
## **Unrestricted general funds**
These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
## **Restricted funds**
These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Designated funds**
These are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
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