REGISTERED CHARITY NUMBER: 1087551
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2020
for
Noah's Ark (Wells) Pre-School
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Noah's Ark (Wells) Pre-School
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Noah's Ark (Wells) Pre-School
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The objects of the charity are to enhance the development and education of children under stautory school age in a parent-involving, community based group. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives.
FINANCIAL REVIEW
The trustees are happy with the current level of reserves, at £27,137
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Noah's Ark (Wells) Pre-School is governed by the constitution adopted on 13 November 2000, and is a registered charity. The financial statements comply with current stautory requirements and the Charity's governing document.
Reserves
The charity has no investments and is dependant upon income generated from fees and grants.
Trustee induction and training
Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1087551
Principal address
St Joseph & St Teresa Primary School Lovers Walk Wells BA5 2QL
Trustees
Mrs D Hand Mrs A Hole A Woodward
Independent Examiner
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Page 1
Noah's Ark (Wells) Pre-School
Report of the Trustees for the Year Ended 31 December 2020
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Lloyds TSB Bank Plc 24 - 26 High Street Wells Somerset BA5 2SJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 2
Independent Examiner's Report to the Trustees of Noah's Ark (Wells) Pre-School
Independent examiner's report to the trustees of Noah's Ark (Wells) Pre-School
I report to the charity trustees on my examination of the accounts of Noah's Ark (Wells) Pre-School (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Date: .............................................
Page 3
Noah's Ark (Wells) Pre-School
Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 54,418 | 51,595 | |
| Investment income | 2 | 9 | 12 |
| Total | 54,427 | 51,607 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Staff Costs | 45,605 | 39,858 | |
| Establishment Costs | 3,506 | 5,233 | |
| Accountancy Fees | 886 | 1,210 | |
| Communications and IT | 602 | 582 | |
| Other Expenses | 1,737 | 4,026 | |
| Total | 52,336 | 50,909 | |
| NET INCOME | 2,091 | 698 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 25,045 | 24,347 | |
| TOTAL FUNDS CARRIED FORWARD | 27,136 | 25,045 |
The notes form part of these financial statements
Page 4
Noah's Ark (Wells) Pre-School
Balance Sheet 31 December 2020
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 6 | 289 | 273 |
| Cash at bank | 28,261 | 28,989 | |
| 28,550 | 29,262 | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (1,414) | (4,217) |
| NET CURRENT ASSETS | 27,136 | 25,045 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 27,136 | 25,045 | |
| NET ASSETS | 27,136 | 25,045 | |
| FUNDS | 8 | ||
| Unrestricted funds | 27,136 | 25,045 | |
| TOTAL FUNDS | 27,136 | 25,045 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
Noah's Ark (Wells) Pre-School
Notes to the Financial Statements
for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
Noah's Ark (Wells) Pre-School
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| Bank interest receivable | 9 | 12 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
£288.00 was paid to Andy Woodward for the work carried out as the Treasurer.
4. STAFF COSTS
The average monthly number of employees during the year was 31/12/20 31/12/19 3 3 No employees received emoluments in excess of £60,000.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 51,595 |
| Investment income | 12 |
| Total | 51,607 |
| EXPENDITURE ON | |
| Charitable activities | |
| Staff Costs | 39,858 |
| Establishment Costs | 5,233 |
| Accountancy Fees | 1,210 |
| Communications and IT | 582 |
| Other Expenses | 4,026 |
| Total | 50,909 |
| NET INCOME | 698 |
continued...
Page 7
Noah's Ark (Wells) Pre-School
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|
| Unrestricted | |||||
| fund | |||||
| £ | |||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 24,347 | ||||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 25,045 | ||||
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | ||||
| £ | £ | ||||
| Prepayments | 289 | 273 | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | ||||
| £ | £ | ||||
| Trade creditors | - | 295 | |||
| Taxation and social security | 204 | 687 | |||
| Other creditors | 1,210 | 3,235 | |||
| 1,414 | 4,217 | ||||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.20 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 25,045 | 2,091 | 27,136 | ||
| TOTAL FUNDS | 25,045 | 2,091 | 27,136 |
continued...
Page 8
Noah's Ark (Wells) Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 54,427 | (52,336) | 2,091 |
| TOTAL FUNDS | 54,427 | (52,336) | 2,091 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.19 | in funds | 31.12.19 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,347 | 698 | 25,045 |
| TOTAL FUNDS | 24,347 | 698 | 25,045 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 51,607 | (50,909) | 698 |
| TOTAL FUNDS | 51,607 | (50,909) | 698 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.19 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,347 | 2,789 | 27,136 |
| TOTAL FUNDS | 24,347 | 2,789 | 27,136 |
continued...
Page 9
Noah's Ark (Wells) Pre-School
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 106,034 | (103,245) | 2,789 |
| TOTAL FUNDS | 106,034 | (103,245) | 2,789 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
Page 10
Noah's Ark (Wells) Pre-School
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Fees - Parents | 10,180 | 10,058 |
| Grants - Educational grants | 44,238 | 41,537 |
| 54,418 | 51,595 | |
| Investment income | ||
| Bank interest receivable | 9 | 12 |
| Total incoming resources | 54,427 | 51,607 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 44,974 | 39,320 |
| Pensions | 560 | 408 |
| Utilities | 1,873 | 1,926 |
| Insurance | 695 | 687 |
| Telephone | 602 | 582 |
| Premises Expenses | 757 | 868 |
| Accountancy | 886 | 1,210 |
| Administration | 474 | 414 |
| Consumables | 430 | 986 |
| Subscriptions | 59 | 95 |
| Staff training | 26 | 670 |
| Other Staff Costs | 44 | 78 |
| Subcontractor Fees - Treasurer | 288 | 1,588 |
| Other Direct Costs | 641 | 2,025 |
| Uniforms | 27 | 52 |
| 52,336 | 50,909 | |
| Total resources expended | 52,336 | 50,909 |
| Net income | 2,091 | 698 |
This page does not form part of the statutory financial statements
Page 11