Noah's Ark Christian Pre-School (Buckhurst Hill) Report and Accounts
Year ended 31st August 2021.
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2021
ADDRESS FOR CORRESPONDENCE St. Stephen's Church Albert Road Buckhurst Hill IG9 6FD GOVERNING DOCUMENT CIO Constitution dated 03 April 2018 CHARITY REGISTRATION NUMBER 1177779 TRUSTEES RESPONSIBLE FOR Joy Barter (Chair) MANAGING THE CHARITY Lisa Darby (Treasurer) Joanne Coates Clair Lucy Stephen Lockley Hannah Ambler-Stuart INDEPENDENT EXAMINER Christine Luckett
INDEX
Page 2 Legal & Administrative Details Pages 3 - 4 Trustees' Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts Pages 8 Independent Examiner's Report
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NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2021
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 August 2021.
Objects of the charity
The charity is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are to advance education within our local community of Buckhurst Hill. The charity seeks to acheive its objectives in particular, but not exclusively by:
a) the provision of pre-school facilities, toddler groups and parenting Information sessions to enhance the development and education of children under statutory school age directly and by working with their families
b) the provision of a Community Hub to provide our local community with educational and social welfare activities to advance public learning to improve the conditions of life for local residents.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities for theyear was the operation of a term time pre-school provision in the St Stephen's Church Hall in Buckhurst Hill Essex.
During 2020-2021 the pre-school continued to operate within the COVID - 19 Government Guidelines. We saw a gradual return of children to the setting as confidence returned, however the number of children attending has been reduced in comparison to previous years. A focus was placed on assisting the children's verbal development, due to many of our younger children having been impacted by isolation during COVID. The trustees are grateful to the staff team who were dedicated to the children's development during this challenging time.
In thesummer term, theTrustees stepped out in faith and began the Noah's Ark Community Hub project with the hiring of our Outreach Manager in May 2021. The first few months of this project were dedicated to supporting the pre-school, researching potential outreach projects and making the connections within the local community. The Hub officially launched in September 2021 with outreach services in the community beginning with a Toddler Group on the Pre-School site.
Looking ahead
The Community Hub has continued to develop during 2021-2022 including theprovision ofa new premises which has enabled our service provision to the community to increase. The pre-school is continuing to support the children in their educational development and has recently been inspected by Ofsted.
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In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the year the charities operating income was £116,110 (2020: £121,689), and its expenditure was £123,656 (2020: £108,262) giving a net deficit for the year of £7,546 (2020 Surplus: £13,387). As a result the cash held by thecharity at the31st August 2021 is £110,828 (2020: £118,374) which is unrestricted and can be used for any charitable purpose.
Reserves policy
At the year end, the charity held unrestricted cash of £110,828 and thereforethe charity is complying with its reserves policy which is to hold at least a terms expenses in reserve.
Governance
Responsibility for setting policy and for determining theparameters within which thecharity should operate rest with thetrustees who meet regularly to monitor the activities of thecharity. Thetrustees aresupported by a pre-school committee who are members of the CIO. Responsibility for the day to day operation of the charity has been delegated to themanager ofthepre-school setting. New trustees arerecruited and appointed by the existing trustees, by a majority vote.
Responsibilities of trustees
Charity law requires us as Trustees to preparefinancial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Joy Barter
………………………………………………………..
Joy Barter (Chair)
Date: 7th June 2022
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NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2021
| Notes Income receipts Early Years Government Funding Fees Fundraising Community Hub Income Other Total receipts Payments 2 Total payments Transfers between funds 4 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before transfers Payments in relation to charitable activities undertaken directly |
Unrestricted Funds £ 82,686 25,575 4,556 - 376 113,194 110,475 110,475 2,718 (10,265) 7,546 - 118,374 110,828 |
Restricted Funds £ 2,316 - 600 - 2,916 13,181 13,181 (10,265) 10,265 - - - |
2021 £ 85,003 25,575 4,556 600 376 116,110 123,656 123,656 (7,546) - (7,546) 118,374 110,828 |
|
|---|---|---|---|---|
| 2020 | ||||
| £ | ||||
| 106,576 14,528 335 - 230 |
||||
| 121,669 | ||||
| 108,282 | ||||
| 108,282 | ||||
| 13,387 - |
||||
| 13,387 104,987 |
||||
| 118,374 |
The notes on page 7 form part of these accounts.
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NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 AUGUST 2021
| A Cash funds Cash at bank with immediate access Deposit Account Petty cash B Other monetary assets Gift aid due to charity Other debtors B Liabilities Fees received in advance Hall Hire Creditor Accrued expenses Taxes due Other creditors |
Unrestricted funds £ 10,029 100,653 146 110,828 1,370 - 1,370 12,377 3,185 2,900 1,514 - 19,976 Unrestricted Funds |
Restricted funds £ - - - - - - - - - - - - |
2021 2020 £ £ |
|---|---|---|---|
| 10,029 22,387 100,653 95,632 146 355 |
|||
| 110,828 118,374 |
|||
| 1,370 - - - |
|||
| 1,370 - |
|||
| 12,377 9,700 3,185 5,505 2,900 1,806 1,514 1,282 |
|||
| 19,976 18,293 |
C Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
| by | Joy Barter | date | 7th June 2022 |
|---|---|---|---|
| -------------------------------------------- | ------------- | ||
| Joy Barter (chair) |
The notes on page 7 form part of these accounts.
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NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2021
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| Unrestricted funds £ 2 Payments in relation to charitable activities undertaken directly Staff Costs 85,499 Hire of premises 11,719 Resources, Supplies and Play Equipment 6,871 Administration costs 4,730 Insurance 666 Community Hub Set Up Expenses - Other costs 991 110,475 |
Restricted Funds £ 10,773 - - - - 2,408 - 13,181 |
Total 2021 £ 96,273 11,719 6,871 4,730 666 2,408 991 123,656 |
Total 2020 £ |
|---|---|---|---|
| 90,177 6,070 6,824 3,172 610 - 1,429 |
|||
| 108,282 |
3 Transactions with related parties
Lisa Darby provided accountancy ,HR and payroll services and was paid £1,605 (2020: £1,606) during the year for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
There have been no other payments made to Trustees.
During the year £600 was paid to Banners Training ( a related party to a Trustee) for provision of First Aid training to the staff.
4 Movement of funds
| Unrestricted General funds Restricted funds SEN Grant Funding Community Hub Total funds |
Balance at 01.09.2020 £ 118,374 - - 118,374 |
Receipts £ 113,194 2,316 600 115,510 |
Payments £ (110,475) (2,316) (10,865) (123,656) |
Transfers £ (10,265) 10,265 - |
Balance at 31.08.2021 £ 110,828 - - |
|---|---|---|---|---|---|
| 110,828 |
During the year, the general fund transferred £10,265 to cover the costs incurred in the launch of the Noahs Ark Community Hub including the payroll costs of the operations manager.
Restricted Funds:
The SEN Grant Funding are funds received from the local authority for use for supporting specific children with additional needs.
The Community Hub fund is our outreach community project which began in April 2021 and was launched publically in September 2021. Donations to this work are restricted on receipt.
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
I report to the trustees on my examination of the accounts of Noah's Ark Christian Pre-School ('the charity') for the year ended 31 August 2021 on the pages 5 -7.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect ofmy examination ofthecharity’s accounts carried out under section 145 of the2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have cometo my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Christine Luckett
Address:
12 Roding View Buckhurst Hill Essex IG9 6AQ
Date: 20th May 2022
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