NOAH'S ARK CHILDREN'S VENTURE
(COMPANY UMITED BY GUARANTEEI
Company No. 3325597
Charity Registration No. 1061676
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2021
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NOAH'S ARK CHILDREN'S VENTURE
REPORT AND FINANCIAL STATEMENTS
CONTENTS
FORWARDS FROM OUR PATRONS
TRUSTEES, ANNUAL REPORT:
Chairfs report
Treasurer's report
Expression of thanks
Report of the Board of Trustees
FINANCIAL STATEMENTS:
Statement of financial activities
16
Balance sheet
19
Notes to the accounts
20
Independent Examinerfs report
31
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Trustees, annual report for the year ended 31 March 2021
FOREWORDS FROM OUR PATRONS
Ifirst visited Mocaroni Wood some years ago 05 a Trustee of o
Chority who were proposing to moke a gront. I wos
immediotely struck by the vitality of the project, its
environment and the opportunities offered to those using the
facilities. The leadership and dedication of Richard and Liz are
the major inspirotion to the continuing success of the venture,
and I count it a privilege to have been asked to be a Patron
Richard Saunders
l am delighted to have become a Patron of Macaroni Wood
having known of the fantastic work that Richard and Liz do for
the last few years. It is a truly inspirational place and all the
groups I have encountered there have been having a great
time. The fact that so many are repeat visitors is testament to
the commitment of the management and the fact that the
whole site works so well and provides such good experiences
for all visitors.
Camilla Woodward
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Trustees, annual report for the year ended 31 March 2021
CHAIR'S REPORT
As Chair of the Board of Trustees of Noah's Ark Children's Venture, l am pleased to introduce
our Annual Report for the year ending 31st March 2021, which sets out our charitable aims
and objectives, the work we carry out, the services we provide, and most importantly tells
you about the range of children, young people and adults who make use of our residential
and outdoor facilities throughout the year. The opportunities we provide for those most in
need of accessing our services at an affordable, or a minimal cost, remains our prime
objective. Information about our user groups is given in the management report.
It is with great sadness that I pass on the untimely death of one of our long-standing house
keepers, Vicki. She had worked at the Woods for over 7 years and was an integral part of the
team. Her passion for the work that the centre did was clear, and she always brought her
humour, commitment, and sense of fun to the Woods. I know you would want to join me in
passing on our condolences to her partner Duncan and her children and grandchildren.
This year again saw Macaroni Wood closed during the year due to the COVID pandemic.
However, we were able to open when allowed, even though this was mainly for non-
residential visits and it was great to have the Woods filled again. all be it briefly, with the
sounds of children and young people having fun
We know that that going forward into 202112022 will not be without its problems, in light of
the continuing issue of COVID, however Macaroni Wood remains in a good position financially
and spiritually and we are looking forward to welcoming back old friends and users and new
friends and user groups to the Woods
Our thanks also to the Friends of Macaroni Wood, and the wide range of charitable trusts
listed in the report that have provided and continue to provide essential funds to maintain
and develop our charity.
We remain grateful to the Ernest Cook Trust. the owners of Macaroni Wood, who lease this
wonderful woodland site to us. Their wholehearted support over the years to help further
our development and growth continues apace. and we look forward to continuing to
consolidate this positive relationship in the future.
I would again like to thank ond pay tribute to our staff, Marcus, Mark and Matt, our
housekeepers Ann and Penelope, as well as our bookkeeper Donna Cole, for all their hard
work this past year, particularly in light of the COVID19 pandemic.
Finally, a huge thanks to all the trustees, volunteers, and friends of Macaroni Wood who
donate their time and energies in so many ways that contributes so much to the
organisation's success and development.
Caroline Newion-Alfred
Chair of the Board of Trustees
1311212021
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Trustees, annual report for the year ended 31 March 2021
TREASURER'S REPORT 2020-2021
Results for the year
The Statement of Financial Activities set out in this Annual Report shows we have been
investing in the infrastructure, both the physical and people at Noah's Ark Children's Venture
INACVI.
Our income generation activities have become increasingly diversified over recent years. and
in broad terms our income is generated from=
Charitable trusts, companies. and individuals who have contributed towards our
fundraising through donations. charitable grants. legacies. and our Friends of
Macaroni Wood.
Fees and charges from user 8roups, and additional fees derived from hiring Macaroni
Wood as a venue for training and recreational weekends at less busy times of year.
The income from activities not related to our primary purpose falls below the 25¥0
small trading tax exemption limit for our income level.
Last year we set up a reserve account in memorial to Dennis Hunter to support groups coming
to the Woods, this was not used during the year due to Covid-19 $0 remain5 available going
forward.
We also extend our gratitude to the legacy of Richard Macvicar for the continued support of
£15,000 durin8 the year,. this legacy has had a material impact in helping us manage the loss
of the core Lewisham grant.
We would also like to take this opportunity to express our gratitude to the following grant
making bodies who have supported us with grants during the year..
Alchemy Foundation, H R Bull Charitable Trust, CHEQS Charity, Guiting Manor Amenity Trust,
Charles Irving Charitable Trust, Ernest Cook Trust, The Fore Trust, Gloucestershire Community
Foundation, High Sherriff of Gloucestershire Fund, Merchant Taylors, Company, Music Sales
Charitable Trust, National Lottery Community Fund, Bruce Wake Charitable Trust, Langtree
Trust, Schuster Charitable Trust, Woodroffe Benton Foundation.
Financially, the Charity had a successful year, with Total charity funds increasing from
£242,583120191201 to £260,510. as income exceeded expenditure.
2020121 was an extraordinary year due to the impact of Covid meaning the woods were
closed to Users, or open with restrictions, for a significant proportion of the year. This
resulted in income from Charitable activities [£11,138 vs £84,730 1201912011 and other
trading activities1£774 vs £29,6471201912011 being significantly down on the previous year.
However, the Management team focussed on features of the Woods that could be accessed
during these times and fundraised accordingly to bring in grants to develop our forest school
capabilities as well as requesting specific grants and donations for equipment and uses. On
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top of these restrirted funds Ibringing in £19.250 more than last year) a range of unrestricted
grants and donations were achieved increasing the overall grants and donations income to
£196,218 from £84,396120191201, including furlough {ORSI grants.
Expendlture
With the lack of usage controlling costs. while retaining the ability to re-open at short notice
as Covid measures relaxed became the management challenge for the year as the rules
changed during the year and bookings were cancelled, rescheduled, cancelled, and
rescheduled throughout the period. Where possible costs were minimised, but animals still
required feeding and the site maintained.
Staff costs were broadly the same as the previous year, but a significant component1£20,0421
covered by furlough grants; less wa5 spent on repairs and maintenance a5 the usage was
lower and capital projects were deferred. Variable costs (light/ heat/ cleaning) all reduced.
Professional fees increase reflects the forest school investment and resourcing funded by
restricted grants and donations while the new line for debt write off reflected Covid related
cancellations of invoices raised in the previous year.
Other costs were broadly in line with expectations and the previous year.
ReseNes Pollcv
The trustees recognise the importance of maintaining appropriate levels of reserves in order
to ensure the sustainability of the charity. In line with the recommendations and monitoring
requirements of the Charity Commission the board has therefore allocated necessary
amounts to the designated funds described below. Given the existence of these funds, the
policy concerning general funds is simply to ensure that it stays in credit to the extent of
£10,000 orthereabouts. Our balance sheet. at 31st March 2021 shows that we have net assets
of £260,51012019120 £242,583). However, the greater proportion are designated funds,
restricted grants, and reserve funds, as set out below-
General fund
£66,33712020 £55.(KM)l General Fund.
Restricted fund
£7,(MK)12020- £1,0001- Restricted Funds- During the year £35.250 of restricted fund
grants and donations were spent on Charitable activities leaving a balance of £7,000
at the year end.
Designated fund
£13,34512020- £12.2561- Friend5 of Macaroni Wood Fund - a designated fund made
up from the generous donations of supporters to our work. We use this fund to buy
equipment and innovations that we would not generally be able to afford.
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£19,64712020-£19,6471- Building Contingency Fund - a designated reserve that is in
place to take account of the fact that we have a full repairing lease orb a property that
comprises 17 acres of woodland, pathways. and outdoor play Structures, 35 well as
three substantial buildings that can accommodate 51 people, staff accommodation,
and external storage facilities.
£38,5(KI12020 - E38,5001- Revenue Contingency Fund
a designated reserve that
represents 3 months of running costs which should be in place to cover unseen
eventualities or liabilities. such as the unexpected loss of revenue or maintenance
grants.
£22,39212020- £22,3921- Future Management Change Fund
£10,00012020 - £10.0001- New minibus fund to ring-fence investment planned to
replace the existing minibus which is reachin8 end of life.
£5,1XK)12020- £5,000)- Dennis Hunter fund for disadvantaged groups
£40,CW12020- £40,OCKII- Covid-19 lockdown fund.
£38,28812020- £38,2881- Fixed Asset fund for capital repairs and additions.
Concludlng comments
The Management team can only be commended for navigating the Charity throu8h the year
to be financially stron8er at its close. In hindsight, the site could have been mothballed for
the year, but the Trustees and Management team knew that access to the Woods would be
an important part of recoverin8 from Covid for our Users so ensured that we were able to re.
open within days of being permitted to do so, even if on a restricted bas15.
With the surplus adding £17,927 to our reserves at the end the year we are going into a
similarly uncertain 2021122 on a stronger footin8.
A Hainsworth
Treasurer
0911212021
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EXPRESSION OF THANKS
The committee would like to thank our following recent supporters.
PATRONS-
Richard Saunders, Camilla Woodward
FUNDERS-
Alchemy Foundation
H R Bull Charitable Trust
CHEQS Charity
Guiting Manor Amenity Trust
Charles Irving Charitable Trust
Ernest Cook Trust
The Fore Trvst
Gloucestershire Community Foundation
High Sherriff of Gloucestershire Fund
Merchant Taylors, Company
Music Sales Charitable Trust
National Lotterycommunity Fund
Bruce Wake Charitable Trust
Langtree Trust
Schuster Charitable Trust
Woodroffe Benton Foundation
And all the Friends of Macaroni Wood who support our work with their generous
donations
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Trustees, annual report for the year ended 31 March 2021
REPORT OF THE BOARD OF TRUSfEES
The members of the Board of Trustees. who are also directors for the purposes of company
law, have pleasure in presenting their report and the financial statements of the charity for
the year ended 31 March 2021.
Reference and Administrative Detalls
Registered charity name
Noah's Ark Children's Venture
Company registration number
03325597
Charity registration number
1061676
Registered office and
Operatlonal address
Macaroni Wood
Eastleach
Cirencester
Gloucestershire GL7 3NF
The Board of Trustees
The Board of Trustees who served the company durin8 the period were as follows..
C Newton-Alfred Ichairl
l R Ea5tham
J Wylie
A Hainsworth
J Davidson
Secretary
Mark Smyth
Key Management Personnel
Centre Monoger
Marcus Scrivens
Business Lead
Mark Smyth
Independent Examiner
Patrick Morrello
Third Sector Accountancy Limited
Holyoake House
Manchester
M60 OAS
Bankers
Uoyd5 TS8 8ank PIC
High Street, Fairford
Gloucestershire GL7 4AD
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Noah's Ark Children's Venture
Trustees, annual report for the year ended 31 March 2021
The trustee5 present their report and the unaudited financial statements for the year ended
31 March 2021. Included within the trustees, report is the directors, report as required by
company law.
Reference and administrative information set out on page 8 forms part of this report. The
financial statements comply with current statutory requirements, the memorandum and
articles of association and the Statement of Recommended Prattice
Accounting and
Reporting by Charities: SORP applicable to charities preparin8 their accounts in accordance
with FRS 102.
OUR AIMS AND OBJEcfivES
Purposes and aim5
Our charity's purpose. as set out in the objects contained in the company's memorandum of
association, is..
"to provide facilities for recreation and other leisure-time occupation for
children and others resident in the London Borough of Lewisham and
elsewhere, being facilities of which children and others have need by
reason of their youth, disability, poverty or social and economic
circumstances: and which will improve the conditions of life for such
children and others by promoting their physical, mental and spiritual
well-being"
Our aims, and what we have strived to achieve over the years, is to make Macaroni Wood a
refuge for children and young people to escape the pressure of modern society. Children
today face unprecedented demands on their young lives. Too often they are bullied into
growing up too soon. It seems modern society doesn't want children to enjoy their own
childhood. At school, they face the relentless demands of the exam system. At home, they
are under siege from advertisers in search of young consumers. At Macaroni Wood, we feel
this is too much, too soon. Our heartfelt belief is that children should be allowed to be
children. That's why we founded the Centre, giving children the time and freedom to be
themselves. At Macaroni Wood children are free to explore and have fun. They are given
responsibility to make their own decisions. They share time on their own terms. They are
not hemmed in by boundaries. It is their space to express who they really are.
Macaroni Wood is a magical place to many people, and we have had many wonderful letters
from youth workers, teachers and young people themselves testifying that a residential visit
to the centre has had a positive and therapeutic impact on their lives. Our aim5 fully reflect
the purposes that the charity was set up to further.
Children and young people from inner city areas relax away from the strains and stresses of
urban city life and we notice, and many group leaders comment on how individual behaviour
changes dramatically in a positive way during their stay at the Centre. Children and young
people experience a sense of freedom often not possible in their home environments- being
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able to play outside without anxiety because the Centre is situated in a wood with no busy
roads close by. A stay at the Centre encourages social responsibility- our visitors meet new
people, have to work with them, learn new life skills such as cooking and looking after
themselves and are encouraged to behave responsibly to the animals, equipment and the site
in general. We seldom if ever have any occurrences of anti-social behaviour or vandalism.
Our charity operates a policy of helping all children and others irrespective of race, colour,
creed, gender, and sexual orientation or physical or mental ability. We have always had and
continue to maintain a strong commitment to working with groups who provide respite and
care for those with special needs.
Our charity operates from the registered office in Gloucestershire provided at a peppercorn
rent by The Ernest Cook Trust. The property has been converted for use by children and
others, and, particularly, Castree House has been built for use by people with disabilities and
their carers. Activities are available at the Centre including helping with the animals, a BMX
cycle track, structured woodland activities, adventure playground area, walks in the woods
and, nearby many interesting educational, leisure. sporting and entertainment venues.
We work with a wide range of statutory and voluntary organisations and other charities that
use our facilities at Macaroni Wood to provide therapeutic, educational and respite care to
their individual clients. We aim to support them to the best of our ability to achieve their
individual goals.
Ensurln8 our work delivers our alms
We review our aims, objectives and activities each year. This review looks at what we
achieved and the outcomes of our work in the previous year. Part of this review is the
monitoring of the feedback forms from user groups upon which we have acted and have
bought new play equipment. This review helps us to ensure that our aims, objectives and
activities remained focused on our stated purposes. We have referred to the guidance
contained in the Charity Commission's general guidance on public benefit when reviewing our
aims and objectives and in planning our future activities. In particular, the Trustee5 consider
how planned activities will contribute to the aims and objectives they have set.
The focus on our work
Our main objective for the year continued to be the provision of recreation and leisure
facilities for children and other residents in Lewisham and elsewhere. The strategies we used
to meet these objettives included:
to continue to upgrade the facilities to enable users to enjoy their stay in a pleasant
and nvrturing environment.
to provide play and other equipment.
to encourage the husbandry of small animals and birds in a safe environment.
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working in partnership with youth and other groups to allow less fortunate children
to enjoy a short Stay in the countryside.
HOW OUR ACTivmES DEUVER PUBLIC BENEFIT
Our main activities and who we aim to help are described below. All our charitable activities
focus on the provision of recreation and leisure-time facilities at modest cost to our users and
are undertaken to further our charitable purposes for the public benefit.
Who used and benefited from our services
All our activities throughout the year have been in pursuance of our charitable object5,' our
fundraising enables us to offer our facilities at a subsidised cost to groups. Our promotional
activities aim to ensure that all group5 who may benefit from our facilitie5 know of them.
Feedback from service users enables us to constantly monitor their experiences of using our
facilities and informs our development planning, to meet the changing and diverse needs of
our service users. The Covid-19 restrictions meant that our residential facilities were closed
for much of the year, but we were able to offer outdoor learning, volunteering and
Residentials to a few groups and respite breaks for families. Some testimonials this year from
these user groups include:
"Our students thoroughly enjoyed going to Mocaroni Wood5. They loved thefreedom of
working outside but also being given the responsibility that comes with the variou5 job5 they
completed. Throughout the yeor the Skills towards Employment group ha5 grown into
responsible, relioble and hardworking young adult5.
°Ifeel the difference it hos Mode on ourfomilies is immense."
°After such on unpredictoble yeor with Covid this breok reolly helped us oll to come bock
together and oppreciote the simple things ond bring hoppiness ond loughter to each other's
lives.
"We did lots of walking that we enjoyed as there isn't o lot of places we hove locally the kids
were around animols ond we was so exciting to get up ond get eggsfrom the chickens etc."
°With Covid going onfelt so blessed ond relaxed being oble to be out the house with my
family with oll the uncertaintie5 1 reallyfelt that we were so lucky to be oble to get out of the
areo, happy and excited and so groteful.-
Yhe difference it mode to me ond myfomily wos the chonce to not hove to worry obout the
Covid 19 Pondemic. Itfelt like we were owoy in our own little islond somewhere, not hove to
worry obout oll the bod news we getting all the time. The time owovfelt so speciol os reolly
appreciated it more this time."
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Visitors to Macaroni Wood during the last year were vastly reduced but included:
ATHAC
Adventurous Gems
Techtivity
Somerville Y&PP
Gloucestershire College
INFORMATION ABOUT OUR USERS
In 2019- 20 we had a total of 1,950 people that stayed with us including 108 groups. You can
appreciate the difference that Covid-19 has made when we compare the figure of 199 people
that stayed at Macaroni Wood in 2020- 21. However, we utilised the outdoor learning and
our forest school when Covid restrictions eased accordingly. We reached 138 beneficiaries
through forest school and volunteering.
We had great support from volunteers who transformed our allotments during the winter
months 2020-21 with hard graft and dedication. Gloucestershire College Foundation students
then kept up the good work on the allotments and various other projects in Macaroni Wood,
when they were able, dependent on Covid restrictions. The volunteering hours in 2020 - 21
was 392 hours.
The Trustees ensure that the facilities are for public benefit, in line with our charitable objects.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The organisation is a charitable company limited by guarantee and registered under the
Companies Acts 1985 and 1989 and was incorporated on 28th February 1997. The company
was established under a Memorandum of Association which established the objects and
powers of the charitable company and is governed under its Articles of Association. In the
event of the company being wound up members are required to contribute an amount not
exceeding £1. each.
Recrultment and Appolntment of Board of TNstees
The directors of the company are also the Board of Trustees for the purposes of charity law
and under the company's articles are known as the trustees. All members of the Board of
Trustees give their time voluntarily. Some Trustees are involved with some of the users and
beneficiaries of the charity; some Trustees have made private bookings during off-peak
periods when the building would otherwise be unused, in line with our private booking policy.
However, no Trustee benefits personally from their involvement with the charity.
Under the requirements of the Memorandum and Articles of Association, one third of the
trustees must retire at each Annual General Meeting and are eligible for re-election.
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Sarah Robinson and Edward Wilson were new Trustees elected to the board on 12th January
2021 and Martin Doyle was re-elected onto the board on 121h January 2021.
Caroline Newton remains the Chair and Adam Hainsworth remains as the Treasurer and John
Davidson the Vice Chair.
Trustee induction and training
The Board of Trustees recruited three new Trustees in January 2021. The Board were only
able to meet through teleconferencing but the meetings frequency increased during the
pandemic.
Planning for the Future
Financial planning 15 a key responsibility for the Trustees. in conjunction with the charity
management team. Despite the loss of activity income, the charity still achieved a surplus for
the year.
Co-leadershlp
The Co-Leadership model of Marcus Scrivens and Mark Smyth continue to work together in
their roles of Centre Manager and Business Lead. They steered us through an unprecedented
pandemic crisis with success. Last year we welcomed Matt into the staff team as a part time
Assistant site manager, to work alongside Marcus.
The Co-leadership team is supported by our part-time Site Maintenance Officer Matt
Attwater-wright and book-keeper Donna Cole and our Housekeeping team of Ann Trinder
and Penni Redding. It is with deep sadness that we also report the death of Vicki Winstanley,
a much loved member ofour team.
Lease renewal and footprint
Conversations have started with the Ernest Cook Trust IECTI during the year as the lease for
the land and buildings is due for renewal, as the current lease expires in 2022. The Trustees
have identified a risk land opportunity) in respect of the three dilapidated units proximate to
the current accommodation unit.
Strategic Planning
During 2019120 the Trustees and the Co-Leaders began to develop a longer term vision and
plan for the Charity to ensure that the legacy of Richard and Liz continues to provide
enchantment, respite, learning and enjoyment for generations.
As part ofthis a draft strategy was agreed and shared at the AGM in November 2019.
In light of our response to Covid-19 the trustees and Management team are meeting in 2021
to reflect on the impact on our strategic planning.
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Risk Management
The Board of Trustees has conducted a review of the major risks to which the charity is
exposed. A risk register has been established and is updated at least annually. Where
appropriate, systems or procedures have been established to mitigate the risks the charity
faces. Procedures are in place to ensure compliance with health and safety of staff,
volunteers, clients and visitors to the Centre. The Board of Trustees have reviewed all policies
and procedures to ensure a consistent quality of delivery for all operational aspects of the
charity. These procedures are periodically reviewed to ensure that they continue to meet the
needs of the charity and the regulatory frameworks within which the charity operates.
OrganisatK)nal structure
The Board of Trustees meet 35 a body usually six times per annum. However, with the
outbreak of Covid-19 the trustees met with increasing frequency and took the form of
teleconferences. Between April and August 2020, eleven teleconference meetings were held,
All decisions are taken by the Board of Trustees. The Centre's management team, Mark Smyth
& Marcus Scrivens are responsible for the day to day running of the charity including its
administration, financial management, supervision of part-time staff, service delivery and
fundraising activities. They report to the Board of Trustees at every meeting with detailed
reports and financial statements thus ensurin8 that Board members are kept up to date with
all relevant information.
To ensure that all Trustees are fully focused on the work of the project, trustee away day
meetings are held at Macaroni Wood. However, due to Covid-19 no trustee away day was
held in 2020- 21 but a trustee weekend is planned for 2021- 22.
Related parties
As is stated elsewhere, several of the Trustees are involved with users of the charity which is
invaluable in enabling the Trustees to identify relevant policy developments and
improvements.
RESPONSIBILITIES OF THE BOARD OF TRusfEES
The Trustees are responsible for preparing the Report of the Board of Trustees and the
financial statements, in accordance with applicable law and regulations.
Company law requires the Trustees to prepare accounts for each financial year which give a
true and fair view of the state of affairs of the company and of the surplu5 or deficit of the
company for that year. In preparing those accounts. the Trustees are required to..
select suitable accounting policies then apply them consistently
make judgements and estimates that are reasonable and prudent
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prepare the accounts on the going concern basis unless it is inappropriate to presume
that the company will continue in busine55
The Trustees are responsible for keeping accounting records which disclose with reasonable
accuracy at any time the financial position of the company and enable them to ensure that
the accounts comply with the Companies Act 1985. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
In so far as the Board of Trustees is aware:
There is no relevant financial information of which the charl5 Independent Examiner is
unaware,. and
The Board of Trustees have taken all step5 that they ought to have taken to make
themselves aware of any relevant financial information and to establish that the
Independent Examiner is aware of that information.
In determining how amounts are presented within the statement of financial activities and
balance sheet, the Trustees have had regard to the substance of the reported transaction or
arrangement, in accordance with generally accepted accountin8 principles or practice.
The Trustees are responsible for the Maintenan and integrity of any financial information
included on the charity's website.
Approved by the Board of Trustees on 25 November 2021 and signed on its behalf bv..
Mark Smyth
SECRETARY
1411212021
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## Noah's Ark Children's Venture
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021
**----- Start of picture text -----**
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2021 funds funds 2020
Note £ £ £ £ £ £
Income from:
Grants and donations 3 154,968 41,250 196,218 62,396 22,000 84,396
Charitable activities 4 12,140 - 12,140 84,730 - 84,730
Other trading activities 5 774 - 774 29,647 - 29,647
Investments 6 38 - 38 87 - 87
Total income 167,920 41,250 209,170 176,860 22,000 198,860
Expenditure on:
Raising funds 7 225 - 225 317 - 317
Charitable activities 8 154,766 35,250 190,016 202,193 22,694 224,887
Total expenditure 154,991 35,250 190,241 202,510 22,694 225,204
Net income/(expenditure) for the year 9 12,929 6,000 18,929 (25,650) (694) (26,344)
Transfer between funds - - - - - -
Net movement in funds for the year 12,929 6,000 18,929 (25,650) (694) (26,344)
Reconciliation of funds
Total funds brought forward 241,583 1,000 242,583 267,233 1,694 268,927
Total funds carried forward 254,512 7,000 261,512 241,583 1,000 242,583
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## Noah's Ark Children's Venture Company number 3325597
## Balance sheet as at 31 March 2021
**----- Start of picture text -----**
Note 2021 2020
£ £ £ £
Fixed assets
Tangible assets 13 41,942 38,288
Total fixed assets 41,942 38,288
Current assets
Debtors 14 4,900 7,091
Cash at bank and in hand 241,541 206,086
Total current assets 246,441 213,177
Liabilities
Creditors: amounts falling
due in less than one year 15 (27,873) (8,882)
Net current assets 218,568 204,295
Net assets 260,510 242,583
The funds of the charity:
Restricted income funds 16 7,000 1,000
Unrestricted income funds 17 253,510 241,583
Total charity funds 260,510 242,583
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For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 20 to 32 form part of these accounts.
Approved by the trustees on 25 November 2021 and signed on their behalf by:
(Adam Hainsworth, Treasurer) (Caroline Newton-Alfred, Chair)
09 / 12 / 2021
13 / 12 / 2021
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021
## 1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## a Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Noah's Ark Children's Venture meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.
## b Judgments and estimates
The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
## d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
## e Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## f Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
## g Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## h Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise the costs of fundraising
- Expenditure on charitable activities includes the costs of providing a childrens activity centre undertaken to further the purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## i Operating leases
Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.
## j Tangible fixed assets
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Leasehold improvements 10 years Vehicles 3 years Equipment 3 to 20 years
## k Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## l Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
## m Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## n Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## o Pensions
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end. The costs of the defined contribution scheme are included within costs of charitable activities.
## 2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 8.
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Noah's Ark Children's Venture
3 Grants and Donations
Notes to the accounts for the year ended 31 March 2021 (continued)
**----- Start of picture text -----**
2021 2020
£ £
Restricted funds:
-
ACT Foundation (Edward Gostling) Sensory Equipment 2,000
Ammco Charitable Trust Castree House - 500
London Community Foundation Deptford Groups - 500
-
Coln St Nadrews Children's Group Sensory Equipment 1,000
Gift in kind: peppercorn lease Accommodation 18,000 18,000
Gloucestershire Community
Foundations Glos Groups 2,500 -
-
High Sheriff of Gloucestershire Fund Glos Groups 2,500
Langtree Trust Forest School 300 -
Summerfield Trust Forest School 2,500 -
Bruce Walker Charitable Trust Wheelchair Bike 2,000 -
Woodroffe Benton Foundations Forest School 1,000 -
-
Cross & Wells: Play Equipment Play Equipment 10,000
CAF: House Kitchen House Kitchen 2,450 -
41,250 22,000
Unrestricted funds:
-
National Lottery Community Fund 34,000
CJRS Grant 20,042 -
-
CCDC- Business Support Grant 30,603
-
Gloucester County Council 4,900
C R Bull 3,100 3,100
CHEQS Charity 3,500 3,500
Ernest Cook Trust 10,000 -
Fore Trust 14,978 -
Lynn Foundation - 500
Marsh Christian Trust - 400
Schuster Charitable Trust 1,000 1,000
-
The London Borough of Lewisham 12,085
Friends of Macaroni Wood Designated Fund 1,089 5,754
Guiting Manor Amenity Trust 4,000 4,000
PF Charitable Trust - 2,000
-
Lord Faringdon Charitable Trust 1,000
Charles Irving Charitable Trust 2,000 2,000
Everson Charitable Trust - 3,000
Merchant Taylors' Company 5,000 5,000
Legacy - Macvicar Trust 15,000 15,000
Other 5,756 4,057
154,968 62,396
Total 196,218 84,396
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
**----- Start of picture text -----**
4 Income from charitable activities
2021 2020
£ £
Fees charged:
Special Educational Needs (940) 20,338
Youth 231 10,935
Disability (62) 9,589
Community 1,834 7,996
Families 10,075 35,872
12,140 84,730
All income from charitable activities is unrestricted.
5 Other trading activities
2021 2020
£ £
Private Lets 774 15,100
Air BNB - 14,547
774 29,647
6 Income from investments
2021 2020
£ £
Interest on bank deposits 38 87
All investment income is unrestricted.
7 Costs of generating funds
2021 2020
£ £
Fundraising costs 225 317
All costs of generating funds are unrestricted.
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
**----- Start of picture text -----**
8 Costs of Charitable activities 2021 2020
£ £
Direct costs
Animal expenses 1,994 2,595
Motor and travelling 4,080 5,749
Play equipment 313 150
Volunteer Expenses 917 -
Covid-19 Secure 387 -
Depreciation 7,888 7,784
15,579 16,278
Staff costs
Salaries and contributions 102,708 102,277
Staff training 84 -
102,792 102,277
Premises costs
Lease 18,754 18,090
Rates 4,635 3,394
Light and heat 11,599 16,486
Repairs and maintenance 4,877 38,589
Cleaning 2,339 9,292
42,204 85,851
Support costs
Telephone 958 676
Insurances 3,463 2,519
Book-keeping 4,730 5,160
Stationery and postage 609 773
Computer expenses & IT support 5,603 5,050
Debt write off 4,214 -
Sundry Costs 313 -
19,890 14,178
Governance
Trustee meeting expenses 47 639
Other professional fees 8,424 4,584
Independent examiner's fees 1,080 1,080
9,551 6,303
Total expenditure on charitable activities 190,016 224,887
Analysed as follows:
From restricted funds 35,250 22,694
From unrestricted funds 154,766 202,193
190,016 224,887
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Noah's Ark Children's Venture
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 9 Net income/(expenditure) for the year
**----- Start of picture text -----**
This is stated after charging/(crediting): 2021 2020
£ £
Depreciation 7,888 7,784
Operating lease rentals:
Property 50 50
Independent examiner's fee 1,080 1,080
Staff coststaff costsaff costsff costsf costs costsostsststss
Staff costs during the year were as follows:
2021 2020
£ £
Wages and salaries 95,498 95,710
Social security costs 4,197 4,337
Pension costs 2,154 2,230
101,849 102,277
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## 10 Staff coststaff costsaff costsff costsf costs costsostsststss
No employees has employee benefits in excess of £60,000 (2020: Nil).
The average number of staff employed during the period was 6 (2020: 6).
The key management personnel of the charity comprise the trustees, the Centre manager and the Business Lead. The total employee benefits of the key management personnel of the charity were £65,295 (2020: £66,098).
## 11 Trustee remuneration and expenses, and related party transactions
Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2020: Nil).
Aggregate donations from related parties were £Nil (2020: £Nil).
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: nil).
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Noah's Ark Children's Venture
Notes to the accounts for the year ended 31 March 2021 (continued)
## 12 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## 13 Fixed assets: tangible assets
**----- Start of picture text -----**
Leasehold
improvements Vehicles Equipment Total
£ £ £ £
Cost
At 1 April 2020 136,344 17,957 44,482 198,783
Additions 11,542 - - 11,542
At 31 March 2021 147,886 17,957 44,482 210,325
Depreciation
At 1 April 2020 132,888 14,937 12,670 160,495
Charge for the year 589 3,020 4,279 7,888
At 31 March 2021 133,477 17,957 16,949 168,383
Net book value
At 31 March 2021 14,409 - 27,533 41,942
At 31 March 2020 3,456 3,020 31,812 38,288
14 Debtors
2021 2020
£ £
Trade debtors 4,900 5,093
Prepayments - 1,998
4,900 7,091
15 Creditors: amounts falling due within one year
2021 2020
£ £
Other creditors and accruals 16,690 1,143
Deferred income - 4,875
Taxation and social security costs 8,831 1,984
Pension contributions 2,352 880
27,873 8,882
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## Noah's Ark Children's Venture
## Notes to the accounts for the year ended 31 March 2021 (continued)
**----- Start of picture text -----**
16 Analysis of movements in restricted funds
Current period Balance at 1 Balance at 31
April 2020 Income Expenditure Transfers March 2021
£ £ £ £ £
Coln St Aldwyns Childrens Group 1,000 - (1,000) - -
CAF: House Kitchen - 2,450 (2,450) -
Cross & Wells Play Equipment - 10,000 (5,000) 5,000
Bruce Walker Charitable Trust: Wheelchair Bike - 2,000 2,000
Langtree Trust 300 (300) -
Summerfield Trust 2,500 (2,500) -
Woodroffe Benton Foundations 1,000 (1,000) -
Gloucestershire Community Foundations - 2,500 (2,500) -
High Sheriff of Gloucestershire Fund - 2,500 (2,500) -
Trustees of Lady Bazley's 1997 Settlement - 18,000 (18,000) - -
Total 1,000 41,250 (35,250) - 7,000
Comparative period Balance at
Balance at 1 31 March
April 2019 Income Expenditure Transfers 2020
£ £ £ £ £
Rowlands Charitable Trust 1,284 - (1,284) - -
Leathersellers 410 - (410) - -
ACT Foundation - 2,000 (2,000)
Ammco Charitable Trust - 500 (500)
Coln St Aldwyns Childrens Group - 1,000 - - 1,000
London Community Foundation - 500 (500)
Trustees of Lady Bazley's 1997 Settlement - 18,000 (18,000) - -
Total 1,694 22,000 (22,694) - 1,000
**----- End of picture text -----**
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## Noah's Ark Children's Venture
## Notes to the accounts for the year ended 31 March 2021 (continued)
Name of restricted fund Gloucestershire Community Foundations High Sheriff of Gloucesterhsire Fund Langtree Trust Summerfield Trust Woodroffe Benton Foundations Bruce Walker Charitable Trust: Wheelchair Bike CAF: House Kitchen Cross & Wells Play Equipment Rowlands Charitable Trust Leathersellers London Community Foundation ACT Foundation Ammco Charitable Trust Coln St Aldwyns Childrens Group Trustees of Lady Bazley's 1997 Settlement
Description, nature and purposes of the fund Glos Groups Glos Groups Forest School Forest School Forest School Wheelchair Bike House Kitchen Play Equipment Woodland learning sessions Salaries Costs of Bazley House Sensory Equipment Castree House Sensory Equipment Accommodation
17 Analysis of movement in unrestricted funds
**----- Start of picture text -----**
Current period Balance at 1 As at 31
April 2020 Income Expenditure Transfers March 2021
£ £ £ £ £
Revenue Contingency Fund 38,500 38,500
Friends of Macaroni Wood 12,256 1,089 13,345
Buildings Contingency Fund 19,647 19,647
New minibus 10,000 10,000
Future management change fund 22,392 22,392
Dennis Hunter fund for disadvantaged groups 5,000 5,000
Covid 19 lockdown fund 40,000 40,000
Fixed assets 38,288 38,288
Subtotal - designated funds 186,083 1,089 - - 187,172
General Funds 55,500 165,829 (154,991) - 66,338
241,583 166,918 (154,991) - 253,510
**----- End of picture text -----**
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Noah's Ark Children's Venture
## Notes to the accounts for the year ended 31 March 2021 (continued)
**----- Start of picture text -----**
Comparative period
Balance at As at 31
1 April 2019 Income Expenditure Transfers March 2020
£ £ £ £ £
Revenue Contingency Fund 40,000 - - (1,500) 38,500
Friends of Macaroni Wood 14,997 5,754 (8,495) - 12,256
Buildings Contingency Fund 30,000 - (10,353) - 19,647
New minibus 10,000 - - 10,000
New mobile home 938 - (938) -
Revnovation of new units 30,000 - - (30,000) -
Future management change fund 39,892 - (17,500) 22,392
Dennis Hunter fund for disadvantaged groups - 5,000 5,000
Covid 19 lockdown fund - 40,000 40,000
Fixed assets - 38,288 38,288
Subtotal - designated funds 165,827 5,754 (19,786) 34,288 186,083
General Funds 101,406 171,106 (182,724) (34,288) 55,500
267,233 176,860 (202,510) - 241,583
**----- End of picture text -----**
Name of unrestricted fund Revenue Contingency Fund Friends of Macaroni Wood Buildings Contingency Fund New minibus New mobile home Revnovation of new units Future management change fund Covid 19 lockdown fund Fixed assets
Description, nature and purposes of the fund
Money raised as contingency against unforeseen general expenditure Money raised as contingency against unforeseen general expenditure Contingency against unforeseen building expenditure Purchase of replacement vehicle
Purchase of replacement mobile home New accomodation Management transition Covid 19 lockdown fund Expenditure for essential capital work.
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Noah's Ark Children's Venture
## Notes to the accounts for the year ended 31 March 2021 (continued)
## 18 Analysis of net assets between funds
**----- Start of picture text -----**
General Designated Restricted
fund funds funds Total 2021
£ £ £ £
Tangible fixed assets 41,942 - - 41,942
Net current assets/(liabilities) 24,396 187,172 7,000 218,568
Total 66,338 187,172 7,000 260,510
Comparative period
General Designated Restricted
fund funds funds Total 2020
£ £ £ £
Tangible fixed assets 38,288 - - 38,288
Net current assets/(liabilities) 17,212 186,083 1,000 204,295
Total 55,500 186,083 1,000 242,583
**----- End of picture text -----**
- 19 Operating lease commitments
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:
**----- Start of picture text -----**
Property Equipment
2021 2020 2021 2020
£ £ £ £
One to five years 50 100 - -
50 100 - -
**----- End of picture text -----**
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## Report to the trustees of Noah’s Ark Children’s Venture
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2021 as set out on pages 18 to 30.
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention.
## Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration 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 is 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:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the 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 a proper understanding of the accounts to be reached.
Patrick Morrello ACA
Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS
> Date: 14 / 12 / 2021
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