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2024-03-31-accounts

NOAH’S ARK CHILDREN’S VENTURE

(COMPANY LIMITED BY GUARANTEE)

Company No. 3325597

Charity Registration No. 1061676

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

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NOAH’S ARK CHILDREN’S VENTURE

REPORT AND FINANCIAL STATEMENTS

C O N T E N T S

TRUSTEES’ ANNUAL REPORT:

Chair’s Report 2
Treasurer’s Report 3
Expression of thanks 6
Report of the Board of Trustees 7
Independent Examiner’s report 15

FINANCIAL STATEMENTS:

Statement of financial activities 16
Balance sheet 17
Notes to the accounts 18

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CHAIR’S REPORT

As Interim Chair of the Board of Trustees of Noah's Ark Children's Venture, I am pleased to introduce our Annual Report for the year ending 31st March 2024, 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.

Caroline Alfred-Newton stepped down as Chair after a period of 5 years and remains a valued member of our Board of Trustees. The entire Board wish to acknowledge the significant contribution that Caroline has made - and continues to make – to NACV. Her wisdom and experience have been invaluable to me.

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; we look forward to continuing to work with them as we develop and grow for the benefit of our charitable groups.

Finally, many 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.

20 / 12 / 2024

Adam Hainsworth Chair of the Board of Trustees

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TREASURER’S REPORT 2023-24

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 (NACV).

Overall, there was a deterioration in net expenditure compared to previous years with a net outflow of £(34,866) for the year (2023 £(20,497)).

Income was higher than previous years, £286,700 (2023 £216,925) with the mix of income sources continuing to return to pre-covid pattern. The higher income is largely a result of successful grants for landscaping and site improvements, grants to boost utilisation of the woodland in winter and higher income from charitable actives (reflecting the impact of inflation on prices and occupancy).

The income generation activities have become increasingly diversified over recent years, and in broad terms our income is generated from:

The income from activities not related to our primary purpose falls below the 25% small trading tax exemption limit (and overall cap) for our income level.

Expenditure

Costs have increased materially compared to previous years to £321,566 (2023 £237,422) with the main increases being staff costs £172,779 (2023 £125,003) and premises costs £96,348 (2023 £67,885) where energy, repair & maintenance costs rose substantially.

We extend our gratitude to the legacy of Richard MacVicar for the continued support during the year, a legacy that continues to have a material impact on operations.

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Providing access to outdoor learning and experiences, such as forest school, is integral to our offer. We are grateful for the financial, and volunteering, contributions of grant providers and volunteers that we have received to support this work. During 2023-4 we have provided 90 outdoor learning sessions at a cost (excluding management team costs) of £36,422.

Reserves Policy

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 or thereabouts. Our balance sheet, at 31st March 2024 shows that we have net assets of £148,936 (2023: £183,802).

The greater proportion are designated funds, restricted grants, and reserve funds, as set out below:

General fund

Restricted funds

Designated fund

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maintenance grants. Unfortunately, £10,000 has been transferred to the general fund to cover the outflow during the year. During 2024/5 the Trustees have implemented cost saving measures which have reduced monthly operating costs such that the Revenue Contingency Fund continues to provide three months cover.

Concluding comments

The Trustees are aware of the net outflow over a number of years and during 2024/5 are taking steps to manage costs and structure the Charity to efficiently deliver residential stays and outdoor learning to our users. We would not be able to do this with without the continued dedication and enthusiasm of our team, volunteers and supporters.

A Hainsworth Treasurer

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EXPRESSION OF THANKS

The Trustees and Staff would like to thank our following recent supporters.

Trusts & Supporters in 2023 -2024

29 May 1961 Charitable Trust Coln St Aldwyns Christadelphian Samaritan Fund CLA Charitable Trust Clothworkers Foundation Community Matters Fund, National Grid D’Oyly Carte Charitable Trust Edgar E Lawley Edward Gosling Foundation Guiting Power Amenities Trust H R Bull Charitable Trust

HGH Wills Charitable Trust Hopkins Sayer Charity Lennox Hannay Charitable Trust Lord Barnby’s Foundation Marsh Charitable Trust Mid Counties Cooperative Savills Sustainability The Lee Charity of William Hatcliffe T K Maxx Foundation

Corporate Volunteers

Spirax Sarco St James Place Dechert LLP

Xylem Zurich Financial Services

In particular, the Trustees would like to acknowledge the volunteering support from Matt Ashman, Chris Fenton, Colin Thompson and Paternoster School, and the other volunteers who come to help support the Woods in many ways. Simply put, we would not be able to maintain the premises without their support.

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REPORT OF THE BOARD OF TRUSTEES

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 2024.

Reference and Administrative Details

Registered charity name Noah’s Ark Children’s Venture Company registration number 3325597 Registered office and Operational address Macaroni Wood Eastleach Cirencester Gloucestershire GL7 3NF

The Board of Trustees

The Board of Trustees who served the company during the period were as follows:

A Hainsworth (Chair from 18 November 2023) J Davidson J R Eastham C Newton-Alfred (Chair to 18 November 2023)

S Robinson G Smith (appointed 30 August 2024) Ed Wilson (resigned 7 June 2023)

Independent Examiner

Bankers

Kate Adderley CA Third Sector Accountancy Ltd Holyoake House Hanover Street Manchester M60 0As Lloyds Bank Plc Castle Street, Cirencester Gloucestershire GL71QJ

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OUR AIMS AND OBJECTIVES

Purposes and aims

Our charity’s purpose, as set out in the objects contained in the company’s memorandum of association, is:

‘The Charity's objects are restricted specifically only for the public benefit are the provision of facilities for the recreation and other leisure time occupation for children being facilities: (i) Of which children and others have need by reason of their youth, disability, poverty, or social and economic circumstances, (ii) Which will improve the conditions of life for such children and others by promoting their physical, mental and spiritual wellbeing, and (iii) To assist in such ways as the charity trustees think fit, any charity, social care or education organisation in the United Kingdom whose aims include the advancing of education of persons under the age of 25 years in conservation protection and improvement of the physical and natural environment.’

Our aim, 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 and spend time to explore nature. 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 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 leased from 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. Activities are available at the Centre including helping with the animals, structured woodland activities, adventure playground area, cycling and walking 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.

Ensuring our work delivers our aims

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 remain 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

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objectives and in planning our future activities. In particular, the Trustees 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 groups. The strategies we used to meet these objectives included:

HOW OUR ACTIVITIES DELIVER 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 objects; our fundraising enables us to offer our facilities at a subsidised cost to groups. 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. As a young visitor wrote “I have developed trying new things and giving it a go. Working together as a team. And being there for others. Being here away and having that skill for the future”

Other feedback from group leaders includes:

“It's a great location to take a variety of kids from different backgrounds from London to the country.”

“The freedom and safety it gives our young students to explore a rural environment which is very different to our inner city lives.”

“The opportunity for our young people to experience the outdoors in a safe way.” “Our kids were able to roam free and there was always something for them to do, whatever the weather, which meant we were also able to relax and enjoy the time away together.” “The students were able to experience having some freedom as staff knew they were safe within Macaroni woods.”

“The child-friendly on-site facilities. Central geographic location. Warm, friendly welcome and responsive onsite support.”

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Visitors to Macaroni Wood during the last year included:

Aerokick I am Inspired Sense Athac Inclusability Shrubberies School Beormund Primary School Ipswich School Southend United Community and Educational Trust Brent Knoll School Paternoster School Step Out Mentoring Bedwas School Masbro Youth Swindon Brunel Cubs Bridgend Young Carers MCD Works Swiss Cottage School Calne Girl Guides Mencap Talk Club Courtyard School Milestone School Techtivity Deptford Vietnamese Group Oasis Project Uffculme School Drumbeat School Releasing Potential XLP Fairford Youth Club Riverside School 1[st] Wooton Bassett Brownies Families United Jack Tizzard School 2[nd] Cricklade Brownies Fox Hollies School Southrop School 7[th] Harrowhawk Hamilton School Hither Green Baptist Church The Beavers Wooten School

Southend United Community and Educational Trust

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INFORMATION ABOUT OUR USERS

In 2023 - 24 we had a total of 2,300 (2,055 2022 – 23) people that stayed with us, broadly from the following groups:

----- Start of picture text -----
2023-24 2022-23
SEN Schools 32% 12%
Youth groups 34% 30%
Community 2% 7%
Disability 11% 11%
Families 9% 24%
Private 12% 16%
----- End of picture text -----

We continued to provide outdoor learning activities, including forest school, pond dipping, night walks, bat walks, animal husbandry and woodland cycling. Our thanks to Hannah Garbutt and her team for providing the Forest school sessions.

We continued the great support from volunteers this year with the addition of our regular volunteer sessions with local SEN Paternoster School. Their students provided us with vital light site and garden maintenance, whilst we provided them with valuable transferable skills and learning opportunities building their confidence and self-esteem, as highlighted by a teacher at Paternoster School.

“ The staff at Macaroni Wood have been exceptional in accommodating us and providing valuable opportunities for our senior pupils. Every week, we attend the wood to participate in tasks that have already been set out, equipped, and organised in advance, creating accessible opportunities for our pupils, and meeting their needs.

There are so many benefits to these sessions that I have listed them below:

We have been well supported by local volunteers supporting us with hard graft and dedication with the many tasks throughout the woods, along with our friends from corporate organisations.

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 28[th] February 1997 as amended by

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special resolution dated 10[th] November 2009 and as amended on 28[th] September 2022. 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. The decision on who is to benefit from the Charity's remaining assets, pursuant to Article 6.1, may be made by resolution of the Members at or before the time of winding up or dissolution and, subject to any such resolution of the Members, may be made by resolution of the Directors at or before the time of winding up or dissolution.

Recruitment and Appointment of Board of Trustees

All Directors give their time voluntarily. Some Directors have made private bookings during off-peak periods, in line with our private booking policy. However, no Director benefits personally from their involvement with the charity.

The usual term of office for a Director shall be three years, at the end of which they shall retire. A Director shall be eligible for reappointment by the Directors for up to a further two terms, each of three years. No Director shall serve for more than nine consecutive years, unless the Directors consider it would be in the best interests of the Charity for a particular Director to continue to serve beyond that period and that Director is reappointed in accordance with the Articles.

.

Trustee induction and training

There was no trustee recruitment during the reporting year 2023 - 24. The Board met eight times during the year, which included the AGM and the Trustees Away Weekend.

Lease renewal and footprint

Conversations are still in motion with the Ernest Cook Trust (ECT) during the year as the lease for the land and buildings is due for renewal.

Operational & Strategic Planning

In November 2023 the Trustees met face to face and discussed how the Charity was meeting its objectives effectively.

The Trustees recognised the operational, staffing and financial challenges that occurred during the year. Consequentially the Trustees accepted the offer from Sarah Robinson, a local Trustee, to lead the Charity during this difficult time recognising that the shared leadership model had not delivered the expected outcomes. The Trustees thank Sarah for stepping in to this temporary position to reset the Charity’s operating model.

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The Trustees recognised in the November meeting that, going forward, an increased investment in the site would be required to improve and maintain the buildings. With respect to this, grants were obtained to improve outdoor areas and make the site more accessible in line with our objectives. Urgent building work was performed as needed.

The Trustees also recognise that visitor numbers in the winter months continue to be low and were grateful to obtain funding to encourage Gloucestershire (and other) groups to stay at a discounted rate.

Risk Management

The Board of Trustees conducted a review of the major risks to which the charity is exposed during 2023-2024. The new risk register was established and is updated periodically. 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 regularly reviewed to ensure that they continue to meet the needs of the charity and the regulatory frameworks within which the charity operates.

Related parties

We are not aware of any related party transactions that should be declared.

RESPONSIBILITIES OF THE BOARD OF TRUSTEES

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

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practice have been followed, subject to any material departures disclosed and explained in the financial statements

presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on and signed on their behalf by

John Davidson Vice Chair

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Independent Examiner’s report for the year ended 31 March 2024

Report to the trustees of Noah’s Ark Children’s Venture

I report to the trustees on my examina�on of the accounts of the above charity for the year ended 31 March 2024 as set out on pages 16 to 31.

Respec�ve responsibili�es of trustees and examiner

The charity's trustees are responsible for the prepara�on of the accounts. The charity’s trustees consider that an audit is not required for this year under sec�on 144 of the Chari�es Act 2011 (“the Chari�es Act”) and that an independent examina�on is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examina�on by being a qualified member of The Ins�tute of Chartered Accountants of Scotland.

It is my responsibility to:

Basis of independent examiner’s statement

My examina�on was carried out in accordance with general Direc�ons given by the Charity Commission. An examina�on includes a review of the accoun�ng records kept by the charity and a comparison of the accounts presented with those records. It also includes considera�on of any unusual items or disclosures in the accounts, and seeking explana�ons from the trustees concerning any such ma�ers. 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 ma�ers set out in the statement below.

Independent examiner's statement

In connec�on with my examina�on, no ma�er has come to my a�en�on:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements: ● to keep accoun�ng records in accordance with sec�on 130 of the Act; and

  2. to prepare accounts which accord with the accoun�ng records and comply with the accoun�ng requirements of the Chari�es Act

have not been met; or

  1. to which, in my opinion, a�en�on should be drawn in order to enable a proper understanding of the accounts to be reached.

23 / 12 / 2024

Kate Adderley CA

Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS

Date:

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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 2024

Unrestricted
funds
Note
£
Income from:
Grants and donations
3
51,661
Charitable activities
4
104,331
5
43,813
Investments
6
1,359
Total income
201,164
Expenditure on:
Raising funds
7
599
Charitable activities
8
240,719
Total expenditure
241,318
9
(40,154)
Transfer between funds
21,156
Net movement in funds for the year
(18,998)
Reconciliation of funds
Total funds brought forward
161,431
Total funds carried forward
142,433
Net income/(expenditure) for the year
Other trading activities		 Restricted
funds
£
63,881
21,655
-
-
85,536
-
80,248
80,248
5,288
(21,156)
(15,868)
22,371
6,503		 Total funds
2024
£
115,542
125,986
43,813
1,359
286,700
599
320,967
321,566
(34,866)
-
(34,866)
183,802
148,936		 Unrestricted
funds
£
70,129
72,595
36,886
260
179,870
685
215,406
216,091
(36,221)
-
(36,221)
197,652
161,431		 Restricted
funds
£
37,055
-
-
-
37,055
-
21,331
21,331
15,724
-
15,724
6,647
22,371		 Total funds
2023
£
107,184
72,595
36,886
260
216,925
685
236,737
237,422
(20,497)
-
(20,497)
204,299
183,802

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 2024

Note 2024 2023
£ £ £ £
Fixed assets
Tangible assets
13		 65,032 41,492
Total fixed assets
Current assets
Debtors
14
Stock
Cash at bank and in hand		 74,705
-
104,678		 65,032 18,547
1,196
177,477		 41,492
Total current assets
Liabilities
Creditors: amounts falling
due in less than one year
15		 179,383
(95,479)		 197,220
(54,910)
Net current assets 83,904 142,310
Net assets 148,936 183,802
The funds of the charity:
Restricted income funds
16
Unrestricted income funds
17		 6,503
142,433		 22,371
161,431
Total charity funds 148,936 183,802

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:

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 18 to 31 form part of these accounts.

Approved by the trustees on and signed on their behalf by: 20 / 12 / 2024

(Adam Hainsworth, Chair of Trustees)

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

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.

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.

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees have reduced fixed costs and continue to monitor reserves.

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (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 2024 (continued)

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:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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.

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 to 20 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.

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 2024 (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.

p Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Stock in the financial statements relates to merchandise purchased for re-sale.

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

Notes to the accounts for the year ended 31 March 2024 (continued)

3
Grants and Donations
Unrestricted
£
Gift in kind: peppercorn lease
-
Grants and donations
51,661
Total
51,661
4
Income from charitable activities
Fee income
104,331
Total
104,331
5
Other trading activities
Private Lets
43,497
Shop income
316
Total
43,813
6
Income from investments
Interest on bank deposits
1,359		 Restricted
£
18,000
45,881
63,881
21,655
21,655
-
-
-
-		 Total 2024
£
18,000
97,542
115,542
125,986
125,986
43,497
316
43,813
1,359		 Unrestricted
£
-
70,129
70,129
72,595
72,595
36,886
-
36,886
260		 Restricted
£
18,000
19,055
37,055
-
-
-
-
-
-		 Total 2023
£
18,000
89,184
107,184
72,595
72,595
36,886
-
36,886
260

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

Fundraising costs
Marketing costs
8
Costs of Charitable activities
Direct costs
Forest school
Animal expenses
Motor and travelling
Play equipment
Shop purchase
Project expenditures
Bad debts
Depreciation
Staff costs
Salaries and contributions
DBS checks
Staff training
Staff entertaining
Premises costs
Lease
Rates
Light and heat
Repairs and maintenance
Cleaning
Support costs
Telephone
Insurances
Book-keeping
Stationery and postage
Computer expenses & IT support
(Profit)/Loss on disposal of fixed asset
Sundry Costs		 2024
£
50
549
599
2024
£
2,241
3,029
3,170
2,280
1,567
5,465
3,400
7,253
28,405
175,256
-
189
367
175,812
18,000
3,965
28,534
36,467
9,382
96,348
367
2,244
-
932
6,452
675
680
11,350		 2023
£
266
419
685
2023
£
6,550
3,088
1,573
432
-
-
-
6,095
17,738
126,819
518
1,590
160
129,087
18,000
3,404
20,310
16,634
9,537
67,885
329
2,046
3,393
903
8,306
(2,111)
76
12,941

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

Governance
Trustee meeting expenses
Other professional fees
Independent examiner's fees
Total expenditure on charitable activities
Total Fundraising and charitible expenditures
Analysed as follows:
From restricted funds
From unrestricted funds
9
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
10
Staff costs
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
Independent examiner's fee		 381
6,739
1,932
9,052
320,967
321,566
80,248
241,318
321,566
2024
£
7,253
1,932
2024
£
162,169
8,610
2,000
172,779		 215
7,431
1,440
9,086
236,737
237,422
21,331
216,091
237,422
2023
£
6,095
1,440
2023
£
118,401
4,773
1,829
125,003

24 Doc ID: 64a12bda6a5015869e061f611382fc8e13e72b59

Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

No employees has employee benefits in excess of £60,000 (2023: Nil).

The average number of staff employed during the period was 8.5 (2023: 6.5).

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 £85,284 (2023: £79,757).

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023: Nil).

Aggregate donations from related parties were £Nil (2023: £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 except as noted below (2023: nil).

, y, g j ( p), p

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.

Cost
Additions
Disposals
Depreciation
Charge for the year
Disposals
Net book value
At 31 March 2024
At 31 March 2023
At 31 March 2024
At 31 March 2024
At 1 April 2023
At 1 April 2023		 Leasehold
improvements
£
153,306
21,156
-
174,462
137,155
2,141
-
139,296
35,166
16,151		 £
17,957
1,500
(17,957)
1,500
17,957
300
(17,957)
300
1,200
-
Vehicles		 £
50,240
8,817
(7,500)
51,557
24,899
4,812
(6,820)
22,891
28,666
25,341
Equipment		 £
221,503
31,473
(25,457)
227,519
180,011
7,253
(24,777)
162,487
65,032
41,492
Total

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

14 Debtors

Debtors
2024 2023
£ £
Trade debtors 35,176 13,516
Other debtors (Employer's allowance owed from HMRC) 5,031 5,031
Prepayment and accrued income 34,498 -
74,705 18,547
Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred income
Other creditor
Social security
Pension contributions		 2024
£
16,467
8,172
56,324
325
10,841
3,350
95,479		 2023
£
182
3,632
50,395
-
-
701
54,910

15 Creditors: amounts falling due within one year

Deferred income balance relates solely to amounts received in advance for accomodation bookings, there is no deferred income in respect of grant income.

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Analysis of movements in restricted funds

Current period
Balance at 1
April 2023
£
Alchemy Foundation
-
Ammco Trust
-
2,000
Cotswolds National Landscape - Farming in Protected landscape
-
D'Oyly Carte Charitable
-
3,000
Lee Charity of William Hatcliffe
-
Lennox Hannay Charitable Trust
-
Marsh Christian Trust
-
National Grid Green Spaces Fund
-
6,369
4,647
3,355
2,000
Trustees of Lady Bazley's 1997 Settlement
-
UK Youth Grant
-
1,000
Total
22,371
National Lottery for Forest School
Hedley FDN BCA
Rowlands Trust
Wiiliam A Cadbury
Percy Bilton Bikes
Bruce Walker Charitable Trust: Wheelchair Bike
National Lottery Awards for All		 Income
£
1,000
500
-
22,881
3,000
-
5,900
2,000
600
10,000
-
-
-
-
18,000
21,655
-
85,536		 Expenditure
£
-
(500)
(2,000)
(1,694)
(3,000)
(3,000)
(4,828)
(2,000)
(600)
(5,600)
(6,369)
(4,647)
(3,355)
(2,000)
(18,000)
(21,655)
(1,000)
(80,248)		 Transfers
£
-
-
-
(21,156)
-
-
-
-
-
-
-
-
-
-
-
-
-
(21,156)		 Balance at 31
March 2024
£
1,000
-
-
31
-
-
1,072
-
-
4,400
-
-
-
-
-
-
-
6,503

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Analysis of movements in restricted funds (continued)

Comparative period
Bruce Walker Charitable Trust: Wheelchair Bike
Trustees of Lady Bazley's 1997 Settlement
Hedley FDN BCA
National Lottery Awards for All
Rowlands Trust
Wiiliam A Cadbury
Total
Percy Bilton Bikes
National Lottery Restricted for Forest School		 Balance at 1
April 2022
£
4,647
2,000
-
-
-
-
-
-
6,647		 Income
£
-
-
18,000
3,000
9,700
2,000
1,000
3,355
37,055		 Expenditure
£
-
-
(18,000)
-
(3,331)
-
-
-
(21,331)		 Transfers
£
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2023
£
4,647
2,000
-
3,000
6,369
2,000
1,000
3,355
22,371

Name of restricted fund

Alchemy Foundation Ammco Trust Bruce Walker Charitable Trust: Wheelchair Bike Cotswolds National Landscape Cross & Wells Play Equipment D'Oyly Carte Charitable Hedley FDN BCA Lee Charity of William Hatcliffe Lennox Hannay Charitable Trust Marsh Christian Trust National Grid Green Spaces Fund National Lottery Awards for All Percy Bilton Bikes Rowlands Trust Trustees of Lady Bazley's 1997 Settlement UK Youth Grant Wiiliam A Cadbury

Description, nature and purposes of the fund

Outdoor Learning Activities Outdoor Learning Activities Wheelchair Bike Outdoor Learning Activities Play Equipment The Provision of Outdoor Activities for disadvantaged children Forest Schools

Outdoor Learning Activities Fencing, accessible allotment & outdoor site upgrades Outdoor Learning Activities Macaroni Wood Biodiversity and Forest School Project Forest Schools and youth work Mountain Bikes Bazley Bathrooms Donation in Kind of land Accommodation Forest Schools

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Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

17 Analysis of movement in unrestricted funds

Current period
Designated fund
Total unrestricted fund
Designated fund
Revenue Contingency Fund
Friends of Macaroni Wood
Buildings Contingency Fund
Dennis Hunter fund for disadvantaged groups
Fixed assets
General fund		 Balance at 1
April 2023
£
11,055
150,376
161,431
48,500
13,345
42,039
5,000
41,492
150,376		 Income
£
201,164
-
201,164
-
-
-
-
-
-		 Expenditure
£
(233,385)
(7,933)
(241,318)
-
-
-
-
(7,933)
(7,933)		 Transfers
£
29,683
(8,527)
21,156
(10,000)
-
(30,000)
-
31,473
(8,527)		 As at 31
March 2024
£
8,517
133,916
142,433
38,500
13,345
12,039
5,000
65,032
133,916

29 Doc ID: 64a12bda6a5015869e061f611382fc8e13e72b59

Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

17 Analysis of movement in unrestricted funds (continued)

Comparative period
Revenue Contingency Fund
Friends of Macaroni Wood
Buildings Contingency Fund
Dennis Hunter fund for disadvantaged groups
Fixed assets
Designated funds
General Funds
Revenue Contingency Fund
Friends of Macaroni Wood
Buildings Contingency Fund
Dennis Hunter fund for disadvantaged groups
Fixed assets
Name of unrestricted fund		 Balance at
1 April 2022
Income
Expenditure
Transfers
As at 31
March 2023
£
£
£
£
£
48,500
-
-
-
48,500
13,345
-
-
-
13,345
42,039
-
-
-
42,039
5,000
-
(3,370)
3,370
5,000
30,793
-
(6,095)
16,794
41,492
139,677
-
(9,465)
20,164
150,376
57,975
179,870
(206,626)
(20,164)
11,055
197,652
179,870
(216,091)
-
161,431
Description, nature and purposes of the fund
Money raised for disadvantage groups
To recognise the fact that the fixed assets are not immediately available for
operating expenses.
Money raised as contingency against unforeseen general expenditure
Money raised as contingency against unforeseen general expenditure
Contingency against unforeseen building expenditure & long term spend on
heating/efficiencies.

The transfers from restricted funds are to recognise the purchase of fixed assets which are then held in a designated fund for use by the charity.

30 Doc ID: 64a12bda6a5015869e061f611382fc8e13e72b59

Noah's Ark Children's Venture

Notes to the accounts for the year ended 31 March 2024 (continued)

18 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Comparative period
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
-
8,517
8,517
General
fund
£
11,055
11,055		 Designated
funds
£
65,032
68,884
133,916
Designated
funds
£
41,492
108,884
150,376		 Restricted
funds
£
-
6,503
6,503
Restricted
funds
£
-
22,371
22,371		 £
65,032
83,904
148,936
£
41,492
142,310
183,802
Total 2024
Total 2023

31 Doc ID: 64a12bda6a5015869e061f611382fc8e13e72b59