Charity number 1112004 Company number 5522753
Noah’s Ark@CRBC
(A company limited by guarantee)
Report and Unaudited Accounts
31 August 2021
Noah’s Ark@CRBC
(A company limited by guarantee)
Report and Unaudited Accounts
| Contents | |
|---|---|
| Page | |
| Trustees’ Annual Report | 3 - 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the Financial Statements | 9 - 15 |
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Noah’s Ark@CRBC
Trustees’ Annual Report
The Trustees present their report and unaudited financial statements for the year ended 31 August 2021.
Reference and Administrative Information
Charity name: Noah’s Ark@CRBC Charity registration number: 1112004 Company registration number: 5522753 Registered Office and Operational address: Cairns Road Baptist Church Cairns Road Westbury Park Bristol BS6 7TH
Directors
Ailsa Bailey (appointed on 29[th] January 2009) Richard Feather (appointed 3[rd] March 2011) Helen Wilson (appointed 3[rd] March 2011) Jane Smith (appointed 1[st] September 2016) Sue Holden (appointed 24[th] January 2019)
The directors of the company are also charity trustees for the purposes of charity law. Henceforth, the directors shall be referred to as the trustees.
Banker
Lloyds TSB, Westbury on Trym, Bristol.
Independent Examiner
Melanie Mistry (CGMA)
30 Highfield Grove Horfield Bristol, BS7 8QH
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Structure, Governance and Management
Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 29 July 2005 and registered as a charity on 25 November 2005. 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 £10.
Recruitment and Appointment of Management Committee
The directors of the company (listed on page 3) are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the trustees are not subject to retirement by rotation.
New trustees are recommended by existing trustees and must subscribe to the Statement of Beliefs set out in the Memorandum and Articles of Association. In addition, more than half of the trustees shall also be members of Cairns Road Baptist Church (CRBC).
The trustees seek to ensure that the needs of the charitable objectives and activities are met through the diversity of the trustee body.
Objectives and activities
The charity’s objectives (as set out in the governing documents) are to advance education in accordance with Christian principles by such means as the trustees may consider appropriate. This is by providing a non-profit, high quality early years education which follows a Christian ethos, as a service to the local community, together with parenting support for the families involved. We now offer extended hours to families with a breakfast club and tea club at the beginning and end of the day to further support working parents. Our bursary funding has enabled us to support several families with extra sessions, lunch club and Forest school opportunities.
The main activities undertaken in relation to these objectives were running a Christian based preschool and working closely with CRBC’s Family and Community outreach worker
Achievements and performance
Noah’s Ark Pre-school completed and submitted a Bristol Standard self-evaluation scheme interim submission which was successfully validated in July 2021. As a setting, Noah’s Ark has continued to be strong on reflecting on its practice and making changes as appropriate and where possible to improve our provision and outcomes for all children that attend the setting.
We continue to place a strong emphasis on making sure children with Special Educational Needs can access every aspect of the curriculum on offer at Noah's Ark. Last year we had 7 children on our SEN register and were able to offer additional support to some children with complex needs.
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Financial Review The trustees have examined the charitable company's requirements for reserves in light of the main risks to the organisation. In determining the level of reserves the trustees have taken into account relevant operational circumstances, in particular current waiting lists and free nursery entitlement grants for children over 3 years old for 15 hours per week and extended to 30 hours per week for eligible working parents. In the light of these operational circumstances the reserves policy is set on the level of exposure relating to budgeted working capital requirements and is calculated as £55k, representing 3 months of general operational costs. Alongside this the Trustees also recognise the ongoing impact from Covid and so have ensured that reserves, are sufficient to address any challenges this might bring over the coming year. The trustees have agreed to allocate some reserves £11,600 for building refurbishment and a designated fund has been set up to do this. Therefore at August 31 2021, the level of unrestricted reserves available is £104k. st Political and charitable donations During the year the charity made no donations to a political party. Statement of responsibilities of the trustees Company law requires the trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the company as at the end of a financial period and of the surplus or deficit for that period. In preparing those financial statements the trustees are required to: Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent. Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the provisions applicable to companies subject to the small companies regime. th Approved by the Trustees on 20 May 2022 and signed on their behalf by: Ailsa Bailey Company Secretary & Trustee, Noah's Ark@CRBC NOAH'S ARK@CRBC YEAR ENDED 31 AUGUST 2021
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the trustees/members of Noah's Ark@CRBC, (Charity No 1112004) on accounts for the year ended 31 August 2021, set out on pages 7 to 15. Respective responsibilities of the trustees and examiner The charity's trustees are responsible for the preparation of the accounts: The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the accounts under S145 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities 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 the 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 you as 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: l. which gives me reasonable cause to believe that in any material respect, the requirements i) to keep accounting records in accordance with section 386 of Companies Act 2006, and ii) to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met: or 2. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Melanie Mistry CGMA 30 Highfield Grove, Horfield, Bristol BS7 8QH th 15 May 2022
Noah's Ark Accounts as at 31st August 2021
Noah's Ark @ CRBC
Statement of Financial Activities (including Income and Expenditure Account) for the year ending 31st August 2021
| Notes Incoming resources Incoming resources from generated funds: 2 Voluntary income: Gift in kind Donations and Grants Activities for generating funds: Fundraising Total Incoming resources from charitable activities: 3 Education activities Total incoming resources Resources expended 4 Costs of Generating Funds: Fundraising trading costs Charitable activities Governance costs Total resources expended Net surplus/(loss) for the period Other Recognised Gains/(Losses) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds 2021 Restricted Funds 2021 Total Funds 2021 £ £ £ 29,695 - 29,695 10,168 - 10,168 0 - 0 39,863 0 39,863 203,669 19,313 222,982 243,532 19,313 262,845 - - - 228,787 19,313 248,101 480 - 480 229,267 19,313 248,580 14,264 - 14,264 - - - 14,264 - 14,264 101,812 0 101,812 116,076 0 116,076 |
Unrestricted Funds 2020 Restricted Funds 2020 Total Funds 2020 £ £ £ 27,723 - 27,723 6,830 - 6,830 2,795 - 2,795 37,348 0 37,348 203,692 14,058 217,750 241,040 14,058 255,098 - - - 216,594 14,058 230,653 960 - 960 217,554 14,058 231,612 23,485 -23,485 - -- 23,485 - 23,485 78,326 0 78,326 101,812 0 101,812 |
|---|---|---|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
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Noah's Ark Accounts as at 31 August 2021 Balance Sheet as at 31 August 2021 2021 2020 Notes Current Assets Cash at bank and in hand Prepayments, Trade Debtors and Accrued Income Total 136,492 1,030 106,837 1,983 137,521 108,820 Creditors: amount falling due within one year 10 (21,445) (7,008) Net Current Assets 116,076 101,812 Net Assets 116,076 101,812 Funds Unrestricted Funds Restricted Funds Designated Fund Total Funds 12 104,476 101,812 11,600 116,076 101,812 Total Funds carried forward 116,076 101,812 For the year ended 31 st August 2021, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved by the Trustees on and signed on their behalf by: Ailsa Bailey Director and Trustee, Company Secretary Noah's Ark@CRBC
Noah's Ark Accounts as at 31st August 2021
Notes to the Financial Statements
1. Accounting Policies
The accounts have been prepared in accordance with the following fundamental accounting concepts, in order to show a true and fair view. The accounts have been prepared on the going concern assumption, accruals concept and provide information that is relevant, reliable, comparable and understandable.
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
(a) Basis of accounting
The accounts have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP 2015), FRS102 and with the Charities Act 2011. Noah's Ark@CRBC is a registered charity, no. 1112004 and 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 policy notes.The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
(b) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
-
Incoming resources from charitable trading activity are accounted for when earned.
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Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
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Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
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Noah's Ark Accounts as at 31st August 2021
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates:
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Governance costs include those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
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All costs are allocated between the expenditure categories and the SOFA on a basis designed to reflect the
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use of the resource. Costs related to a particular activity are allocated directly; others are apportioned on an appropriate basis.
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Noah's Ark Accounts as at 31st August 2021
2. Incoming Resources from Generated Funds
| 2021 2021 2021 Unrestricted Restricted Total £ £ £ Voluntary income Gift in Kind; CRBC 29,695 - 29,695 Donations and grants: Individual Donations 10,168 - 10,168 39,863 0 39,863 Activities for generating funds Fundraising: Clothes/Toy Sales 0 - 0 (see note 15) 0 0 0 Total 39,863 0 39,863 3. Incoming Resources from Charitable Activities 2021 2021 2021 Unrestricted Restricted Total £ £ £ Preschool: Subscriptions 69,083 - 69,083 Registration Fees 1,150 - 1,150 70,233 0 70,233 Preschool Grant: LEA Nursery education grant 128,801 - 128,801 Childminders (formerlyTraining Centre) - 0 0 Special needs grants - 18,200 18,200 EYPP grant - 1,113 1,113 Misc 3,808 - 3,808 132,609 19,313 151,922 Furlough Grant 827 0 827 Total 203,669 19,313 222,982 |
2020 2020 2020 Unrestricted Restricted Total £ £ £ 27,723 - 27,723 6,830 - 6,830 34,553 0 34,553 2,795 - 2,795 2,795 0 2,795 37,348 0 37,348 2020 2020 2020 Unrestricted Restricted Total £ £ £ 40,825 - 40,825 950 - 950 41,775 0 41,775 149,657 - 149,657 - 2,140 2,140 - 10,614 10,614 - 1,304 1,304 4837 - 4837 154,493 14,058 168,552 7,423 0 7,423 203,692 14,058 217,750 |
|---|---|
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Noah's Ark Accounts as at 31st August 2021
4. Total Resources Expended
| Basis of alocation Costs allocated to activities Staff costs Direct Staff Training Direct Events and Trips Usage Food and Drink Usage Equipment, materials, books Usage Gifts Direct Support costs allocated to activities Contribution to CRBC Direct Administrative Staff Staff Time Communication Admin and Cleaning Materials Usage Governance, Insurance, Memberships Direct Bank Charges Direct Other Total resources expended |
2021 Unrestricted £ 167,929 1,874 126 896 4,229 238 27,723 18,312 4,579 1,632 87 1,642 229,267 |
2021 2021 2020 Restricted Total Total £ £ £ 19,313 187,243 178,047 1,874 490 126 246 896 692 4,229 3,604 238 190 27,723 22,536 18,312 18,692 4,579 3,020 1,632 1,684 87 158 1,642 1,295 19,313 248,581 230,653 |
|---|---|---|
5 Net incoming resources for the year
| This is stated after charging: | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Advisory fees | 480 | 960 |
Advisory fees
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Noah's Ark Accounts as at 31st August 2021
6. Employee Information
Staff costs:
| Gross wages, salaries and benefits in kind Employer's National Insurance costs Employer's Pension Costs (defined contribution) Total |
2021 £ 203,105 145 2,305 205,555 |
2020 £ 193,081 1,418 2,240 196,739 |
|---|---|---|
No employee received emoluments of more than £60,000.
Average number of full-time equivalent employees in the year:
| Head Teacher (see note 7) Teachers Early Years Practitioners Preschool assistants SEN 1:1 workers Administration and support Total |
2021 Number 1.25 3 6.5 1 1 1 13.75 |
2020 Number 1.25 2.5 6 1 1 1 12.75 |
|---|---|---|
7. Trustee Remuneration
As allowed for in the Memorandum and Articles of Association, trustee Mrs J Smith received remuneration of £13,752 during the year from the related organisation, Cairns Road Baptist Church (£13,514 in the prior period ) in respect of her salary as job-share Manager of the preschool.
No other trustees received any remuneration during the year.
8. Taxation
As a charity, Noah’s Ark@CRBC is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 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.
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Noah's Ark Accounts as at 31st August 2021
9. Prepayments and Accrued Income
| Prepayments Trade Debtors Accrued Income Total |
2021 £ 901 128 0 1,030 |
2020 £ 544 1,412 0 1,955 |
|---|---|---|
10. Creditors: Amounts Falling Due Within One Year
| Trade Creditors Deferred revenue Accruals Total |
2021 £ 1,933 19,032 480 21,445 |
2020 £ 2,735 3,689 583 7,008 |
|---|---|---|
11. Analysis of Net Assets between funds
| Fixed assets Current assets Current liabilities Total |
General Funds £ - 137,521 (21,445) 116,076 |
Restricted Total Funds Funds £ £ - - 0 137,521 - (21,445) 0 116,076 |
|---|---|---|
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Noah's Ark Accounts as at 31st August 2021
12. Movement in funds.
| Restricted Funds EYPP grant Special Needs Grants Total restricted funds Unrestricted funds General Funds Total unrestricted funds Designated funds Building works 2022 Total Designated funds Total Funds |
At 31 August 2020 £ 0 0 0 101,813 101,813 0 0 101,813 |
Incoming resources (incl gains) £ 1,113 18,200 19,313 231,932 231,932 11,600 11,600 262,845 |
Outgoing resources At 31 August 2021 £ £ 1,113 0 18,200 0 19,313 0 229,267 104,476 229,267 104,476 0 11,600 0 11,600 248,580 116,076 |
|---|---|---|---|
Purposes of Restricted /Designated Funds
EYPP grant: Grant for benefit of particular children whose families receive state benefits Special Needs Grants: Grants resulting from Statements of Special Educational Needs Building Works: Reserves allocated for building refurb work in 2022.
13. Related Party Transactions
The Memorandum and Articles of Association require that more than half of the trustees shall also be members of Cairns Road Baptist Church (CRBC).
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the period.
Noah’s Ark@CRBC paid an annual contribution of £27,723 to CRBC (£22,536 in the prior period).
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Noah's Ark Accounts as at 31st August 2021
14. Defined Contribution Pension
Employees are enrolled onto defined contribution pension scheme with Nest
£ Amount of Contributions recognised in SOFA as an expense 2,305
Pension costs have been allocated against funds, based on staff activities on funding projects.
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