**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**|
2
## **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
3
## **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.
4
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.**
7
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.
- 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.
- 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.
9
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:
- 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.
- Governance costs include those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
- All costs are allocated between the expenditure categories and the SOFA on a basis designed to reflect the
- use of the resource. Costs related to a particular activity are allocated directly; others are apportioned on an appropriate basis.
10
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**|
|---|---|
11
## 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
12
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.
13
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**|
|---|---|---|
14
## 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).
15
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.
16