Charity number 1112004 Company number 5522753 Noah's Ark@CRBC (A company Ilmited by guarantee) Report and Unaudited Accounts st 31 August 2024
Noah's Ark@CRBC IA company Ilmited by guarantee) Report and Unaudited Accounts Contents Page Trustees, Annual Report Independent Examlnerfs Report Statement of Flnanclal Activities Balance Sheet Notes forming part of the Flnancial Statements 9-16
Noah's Ark@CRBC Trustees. Annual Report The Trustees present their report and unaudited financial statements for the year ended 31 August 2024. Reference and Administrative Information Charity name: Noah's Ark@CRBC Charity registration number: 1112004 Company registration number: 5522753 Reglstered Offlce and Operational address: Cairns Road Baptist Church Cairns Road Westbury Park Bristol BS6 7TH Directors th Ailsa Bailey (appointed on 29 January 2009) Richard Feather (appointed 3rd March 20111 Helen Wilson (appointed 3rd March 2011) Jane Smith {appointed 1st September 20161 th Sue Holden {appointed 24 January 2019) Maki MiGo (appointed 27th January 2022) Claire Stanley (appointed 12 May 20241 The directors of the company are also charlty 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 Examlner Melanie Mistry ICGMA) 30 Highfield Grove Horfield Bristol, B57 8QH
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 31 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 3150 be member5 of Cairns Road Baptist Church (CRBC). The trustees seek to ensure that the needs of the charltable objectlves and actlvlties are met through the diversity of the trustee body. Objectlves and activities The charitvs objectlves (as set out In the governlng documents) are to advance education in accordance with Christian principles by such means as the trustees may consider appropriate. This is by providin8 a non-profit, high quality early years education which follows a Christian ethos, as 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 dayto further support working parent5. Our bursary funding has enabled us to support several families with extra session5, lunch club and Forest school opportunities. The main activities undertaken in relation to these objectives were running a Christian based pre- school and working closely with CRBC'S Family and Community outreach worker. Achlevements and performance Noah's Ark Pre-school completed and submitted a Bristol Standard self-evaluation scheme submission which was successfully validated in February 2024. In March 2024 we had our Ofsted Inspection and received an Outstanding judgement. As a settin& 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 6 children on our SEN register and were able to offer additional support to some children with complex needs.
Flnancial Review The trustee5 have examined the charitable company's requirements for reserves in light of the main risks to the organisation. In determining the level of reserve5 the trustees have taken into account relevant operational circumstances, in particular current waiting lists and free nursery entitlement 8rants for children for up to 30 hours per week. 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 £75k, representing 3 months of general operational costs. At August 31st 2024, the level of unrestricted reserves available is £143k. Polltical and charitable donatlons Duringthe year the charity made no donations to a political party. Statement of responslbilltles of the trustees Cornpany 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 preparln8 those financial statement5 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 anytime 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 safeguardin8 the assets of the company and hence for taking steps for the prevention and detection of fraud and other irregularities. Thi5 report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reportin8 by Charities (issued in March 2005) and in accordance with the provisions applicable to companies subject to the small companie5 regime. Approved by the Trustee5 on 23rd January 2025 and signed on thelr behalf by: Ailsa Bailey Company Secretary & Trustee, Noah's Ark@CRBC
NOAH'S ARK@CRBC YEAR ENDED 31 AUGUST 2024 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 2024, set out on pages 7 to 15. Respective responsibilities of the trustees and examiner The charit(s trustees are responsible for the preparation of the account5: 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 Charitie5 Act to follow the procedures laid down in the general Directions given by the Charity Comrnission {under section 145{5)(bl of the Charities Ad(, and to state whether particular matters have come to my attentlon. Basls of Independent examlnerf5 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 concernin8 any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 15 given a5 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 examinerfs 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 Cornpanies Act 2006, and ii) to prepare account5 which accord with the accounting records, cornply 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 Charltles 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 B57 8QH 25(J January 2025
Noah's Ark @ CRBC statsment of Flnan¢lal A¢tlvltlo$ for th• y•ar endlng 31st August 2024 Unr¢stri¢ted Fund¥ 2024 Restricted Funds 2Q24 Tot1 Fund 2fy24 [TnreJlri¢ll Fwid$ 2023 R¢slrideil 2023 To¢1 Fullds 2fj23 Notes Incomin resources Incomfing resources from generated funds: Vuliinlary income." Donations and Grants Activitiesfor generalingJi4nds." Fundraising Total 22,764 22,764 23,837 23,837 3,417 26.l81 3,417 26.181 2,147 25.984 2,147 25.984 Incoming resources from eharitable activities: Educalion activities 235.242 43,537 278,779 238.167 44,691 282 858 Incoming resources from InvestM¢nt . Interest Income 1,373 1,373 505 505 Total incoming resources 262,795 43,537 306J32 264,656 44,691 309J47 Resource5 ex cnded Fundraising trading costs Charitable activities Governance costs 249,194 550 43,537 292,731 550 2)8,042 480 44,691 282,733 480 Total resources expended 249,744 293,281 238,522 44,691 283313 Net surplu81{loss) for the period Other R¢cogni5ed Gainsl(Losses) Net movement In funds 13.051 13,051 25,628 25,628 13,051 Reconciliation of funds Total tunds brought forward TotAI funds earned forward 130,145 143,196 130,146 143,196 104,517 130,145 104,517 130,145 The statement of finauclal ActiTrities inrlwdes 911 gAins and losses In the yeAr. All incoming resourees and resouree$ expended derli'e from continuing Activities.
Noah's Ark @ CRBC Balance She¢t as at 31 August 2024 2024 2023 Notes Current Assets C&8h ai bank and in hand Prepaym¢nts. Trade D¢btors and ACced Encome Total 185,804 2,000 149,795 807 187.803 150,602 Creditors: amount falling due within one year io (44,608) (20.457) Net Current Assets 143,196 130,145 Net A$5¢¢5 143,196 130,145 Funds Unreslricted Funds Restricted Funds Designated Fund Total Funds 12 143,196 130,145 143,196 130.145 Total Funds carried forward 143,196 130,145 For the year ended 31st August 2024, the company was entitled to exemption under section 477 of the Companies Act 2008 relating to small companies. No members have required the company to obtaln an audit of its accounts for the year in question in accordance with section 476. The direGtors 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 2sllliF ané signed on thelr behalf by- Ailsa Bailey Director and Trustee, Company Secretary
Noah's Ark@CRBC Notes to the Financial Statements l. Accounting Policies The accounls have been prepared in accordance with the following fundamental accounEing ¢onc¢pts, in order to show a true and fair view. The accounts have been prepared on the going concern assumption, acLruals conccpt and providc information that is relevant, reliable. comparable and understandable. The principal accounting policies are summarised below. The accounling policies have been applied consistently throughout the year. (a) Basis of accounting The accounts have been prepared in accordance with the Charities Stalement of Recommended Practice (Charities SORP 2015), FRS102 and with the Charities Act 201 l. Noah's Ark@CRBC is a registered charity, no. 1112004 and meets th¢ definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless Otherwise stated in the relevant policy not¢s.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 th¢ charity. Designated funds are unrestricted funds earniarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the temis of an appeal. (¢) Incoming resources All incoming resources are included in the statement of financial activilies w'hen the charity is cntitled to thc income and the amount can be quantified with reasonable accLiracy. The fol lowing specific policies are applied to particular categories of income: Incoming resources from charitable trading activity are accounted for w'hen earned. InLoming resources from grants, where rclalcd to performance and specific deliverables: are accounted for as the chaTlty earns the right to consideration by its perfurn]ance, Voluntary income is re¢¢iv¢d by wa). of grants: donations and gifts and is included in full in the Statement of i Financial Activities when r¢¢eivabl¢. Grants, wh¢re ¢ntitlement is not conditional on the deliver> of a specific performance by the charity, are recognised when the chariry becomes unconditionally entitled to the grant. The value of services provided b?. volunteers has not been included.
Noah's Ark@CRBC (d) Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes V AT which cannot be recovered and is reported as part of the expenditure to which il relates: Charitable expenditure comprises those costs incurred by th¢ charity in the delivery of its services for it5 bcncficiaries. Ii includes both costs that can be allocated directly to such aclivities and those costs of an indirecl nature neLessary' to support them. Governance Costs include those costs incurred in the govemance of the charity and its assets and are primari ly associated with constitutional and stalutory Tequirements. All costs are allocated betw'een the expenditure categories and the SOFA on a basis designed to reflect the use of the resource. Costs related to a particular activity are allocat¢d directly; others are apportioned on an appropriat¢ basis.
Noah's Ark@CRBC 2. Incoming Resources from Generated Funds 2024 2024 2024 Total 2023 2023 2023 Total Ilnrtstriettd Rtbtritted Inrtsirlcied Restrltt*d Voluntary income Donnlions and grL7nts.' Training Grant Individual Donations 7,000 16,837 23,837 7,000 16,837 23,837 22,764 22.764 22,764 22,764 A¢tiTrities for generating funds Fundraising.. Fashion Event (see note 15) 3,417 3,417 2,147 2,147 3,417 3,417 2,147 2.147 Total 26,181 26.181 25,984 23,984 3. Incoming Resources from Charitable Activities 2024 2024 2024 Total 2023 2023 2023 Total I'nre•lri¢ted Inrestrl¢lefl Res¢rl¢kd Preschool.. Subscriptions Registration Fees 66,290 800 67,090 66,290 800 67,090 81,291 800 82,091 81.291 800 82,091 Preschool Granl.. LEA Nursery education 8rant 161,214 161,214 l47,173 147,173 Special needs grants DAF grant Ukraine grant EYPP grant Mi5¢ 40.297 3.240 40,297 40.145 3,200 1,000 346 40,145 3,200 1.000 346 6,938 168.152 6,938 211,6119 8,397 155,570 43,537 44.691 200 ?61 Total 235,242 278,779 237,661 44,691 282,352
Noah's Ark@CRBC 4. Incoming Resourees from Investment 2024 2024 2024 Totsl 2023 2023 2023 Totsl Unrnytrkted Restrlcted Ilnre5trlcted Restricted Interest Income Tot&1 1.373 lJ73 ,373 lJ73 505 505 sos S. Total Resources Expended Bgsis of alocation 2024 2024 2024 Total 2023 Totsl untrICted Restricted Costs allo¢ated to activities Staff cosls StatfTraining Events and Trip5 Food and Drink Equipmenl, materials, books Gifts Direct Direct Usagc Usage Usage Direct 198.075 2,318 1,062 1,229 11,173 3,912 43,537 241,612 2,318 1,062 1,229 11,173 3,912 237.229 1,035 765 1.067 8,872 5,164 Support costs Allocated to activities Contribution to CRBC Administralive Staff Comms, Admin and Cleaning Govemancc: Insuranc¢, Mernberships Direct Staff Time 22,569 5,736 ?2,569 5,736 2.122 4,171 2,259 Direct 2,122 96 ,452 Bank Charges Otlier Direct 96 1.452 116 324 BuildinWrefurbishm¢nt 2,858 Total resources expended 249,744 43,537 293,281 283,213 6 Net incoming resources for the year This is slated after charging: 2024 2023 Advisory fees 5iO 480
Noah's Ark@CRBC 7. Employee Inforniation Staff costs: 2024 2023 Gross wages, salaries and benefits in kind Employer's National Insurance osts Employer's Pension Costs (defined contribution) Total 256,050 251,816 4,076 1,431 4,056 3,334 264,181 256.S80 No emplo>ee received emoluments of more than £60,000. Average number of full-tim¢ equivalent employees in the year: 2024 umber 2023 Iyumber Head Teacher (see note 7) Teachers Early Years Practitioners Preschool assislants SEN I: I workers Administration and support Total 1.25 2.25 13.25 13.5 8. Trustee Remuneration As allowed for in the Memorandum and Articles of Association. trustee Mrs J Smith received remuneration of £17:OJl during the year in respect of her salary as job-share Manager of the preschool (£14,521 in the previous period) . No other trustees received any remuneration during the year. 9. Taxation As a charitv, Noah's Arkoa CRBC is exempt from lax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to th¢ extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
Noah's Ark@CRBC 10. Prepayments Ydnd Accrued Inc(pme 2024 2023 Prepayments Trnde Debtors Accrued Income Total 1,708 292 593 214 2,000 807 11. Creditors: Amounts Falling Due Wlthin One Year 2024 2023 Trdde Creditors Deferred revenue Accriials Totol 1,412 42,481 715 44,608 4,271 13,557 2.629 20,457 12. Analysis of Net Assets behveen funds General Funds Restrlcted Total Funds Funds Fi.Ked assets Current assets Current liabilities Total 187.803 (44,608) 143,196 187.803 (44,608) 143,196
Noah's Ark@CRBC 12. Movenient in funds. At 31 August 2023 Incoming resources (incl gains) Outgoing At31 rcsource5 August 2024 Restricted Funds EYPP grant DAF grant Special Needs Grants Total restricted funds 3,240 40.297 43.537 3.240 40,297 43,537 Unrestricted funds Generdl Funds Total unrestricted funds 130,145 130,145 262,795 262,795 249,744 249,744 143,196 143,196 Designated funds Total Designated funds Total Funds 130.145 306J32 293,281 143.196 Pu oses of Reslricted /Desi ated Funds EYPP grant: Graiit for benefit of particular children whose families receive state benefits Special fseeds Grants: Grants resulting from Statements of Special Educational Needs DAF grants: Disability Access Funding for 4 PLipiIs Ukraine grant: grani to support provision tor 2 children trom Ukraine 13. Related Parts" Transactions members of Cairns Road Baptist Church (CRBC). No Iru5tee or other person related to the charity had any personal interest in an>, contract or transaction ent¢r¢d into by the charity during the period. Noah's ArknthCRBC paid an annual contribution of £NIL to CRBC (£NIL in the prior period).
Noah's Ark@CRBC 14. Defined Contribution Pension Employees are enrolled onto defmed contribution pension scheme with Nest 2024 2023 Amount of Contributions recognised in SOFA as an expense 4,056 3,334 Pension c05t5 have been allocated against funds, based on staff activities on funding projects.