Noah's Ark Christian Pre-School (Buckhurst Hill) Report and Accounts
Year ended 31st August 2022.
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2022
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 - 5 Trustees' Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts Page 9 Independent Examiner's Report
Page 2
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2022
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 August 2022.
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 2021-2022 the pre-school continued to operate within the COVID - 19 Government Guidelines. We saw a return ofchildren to the setting as confidencereturned. Focus continued to be placed on assisting the children's verbal development, due to many of our younger children having been impacted by isolation during COVID. In May 2022 the pre-school was inspected by Ofsted and received a Good rating. Thetrustees are grateful to the staff team who were dedicated to the children's development during this time.
The Community Hub officially launched in September 2021 with outreach services in the community beginning with a Toddler Group on the Pre-School site. During the first term of operations, premises became available within the community and the Hub began operating full time from its new home. The first outreach activity based at the new premises was Bereavement Friends, a safe space for the recently bereaved to receive support. The Knit and Natter group followed a month later.
Page 3
Looking ahead
The Community Hub has continued to develop during 2022-2023 including the launch of the Community Pantry in August 2022 servicing a number of local families who are struggling with food poverty. In May 2023 we begin our Community Lunches and in June 2023 our Dementia Friendly Coffee Morning begins.
During 2023 a local allotment plot has been procured with a grant from Essex County Council. This will enable us to offer an outside space for people to enhance their mental health and wellbeing by growing food for themselves and the Community Pantry.
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 £142,689 (2021: £116,110), and its expenditure was £160,491 (2021: £123,656) giving a net deficit for the year of £17,802 (2021: £7,546). As a result thecash held by the charity at the 31st August 2022 is £93,026 (2021: £110,828) which is unrestricted and can be used for any charitable purpose as set by the CIO constitution.
Reserves policy
At theyear end, thecharity held unrestricted cash of£93,026 and therefore the 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.
Page 4
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: 23rd May 2023
Page 5
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2022
| 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 £ 73,854 21,621 365 - 416 96,257 105,342 105,342 (9,086) (8,716) (17,802) 110,828 93,026 |
Restricted Funds £ 5,744 - 40,689 - 46,432 55,148 55,148 (8,716) 8,716 - - - |
2022 £ 79,598 21,621 365 40,689 416 142,689 160,491 160,491 (17,802) - (17,802) 110,828 93,026 |
|
|---|---|---|---|---|
| 2021 | ||||
| £ | ||||
| 85,003 25,575 4,556 600 376 |
||||
| 116,110 | ||||
| 123,656 | ||||
| 123,656 | ||||
| (7,546) - |
||||
| (7,546) 118,374 |
||||
| 110,828 |
The notes on page 8 form part of these accounts.
Page 6
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 AUGUST 2022
Unrestricted Funds
| A Cash funds Cash at bank with immediate access Deposit Account Petty cash B Other monetary assets Gift aid due to charity Rent Deposit C Liabilities Fees received in advance Hall Hire Creditor Accrued expenses Taxes due Other creditors |
Unrestricted funds £ 16,396 75,665 965 93,026 7,250 1,250 8,500 12,108 - 2,600 1,586 - 16,294 |
Restricted funds £ - - - - - - - - - - - - |
2022 2021 £ £ |
|---|---|---|---|
| 16,396 10,029 75,665 100,653 965 146 |
|||
| 93,026 110,828 |
|||
| 7,250 1,370 1,250 - |
|||
| 8,500 1,370 |
|||
| 12,108 12,377 - 3,185 2,600 2,900 1,586 1,514 |
|||
| 16,294 19,976 |
D 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 | 23rd May 2023 |
|---|---|---|---|
| -------------------------------------------- | ------------- | ||
| Joy Barter (chair) |
The notes on page 8 form part of these accounts.
Page 7
NOAH'S ARK CHRISTIAN PRE-SCHOOL (BUCKHURST HILL)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
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 79,655 Hire of premises 12,660 Resources, Supplies and Play Equipment 5,130 Administration costs 6,796 Insurance - Community Hub Set Up Expenses - Community Hub Operational Costs - Community Hub Hire of Premises - Other costs 1,103 105,342 |
Restricted Funds £ 32,344 - - - - 8,094 1,486 13,225 - 55,148 |
Total 2022 £ 111,999 12,660 5,130 6,796 - 8,094 1,486 13,225 1,103 160,491 |
Total 2021 £ |
|---|---|---|---|
| 96,273 11,719 6,871 4,730 666 2,406 - - 991 |
|||
| 123,656 |
3 Transactions with related parties
Lisa Darby provided accountancy ,HR and payroll services and was paid £2,469 (2021: £1,605) 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 £243 was paid to a related party of a Trustee for administrative duties (2021: £600 paid to a related party for First Aid training provision)
4 Movement of funds
| Unrestricted General funds Restricted funds SEN Grant Funding Community Hub Total funds |
Balance at 01.09.2021 £ 110,828 - - 110,828 |
Receipts £ 96,257 5,744 40,689 142,689 |
Payments £ (105,342) (5,744) (49,404) (160,491) |
Transfers £ (8,716) 8,716 - |
Balance at 31.08.2022 £ 93,026 - - |
|---|---|---|---|---|---|
| 93,026 |
During theyear, thegeneral fund transferred £8,716 to cover theexcess costs incurred during the launch and first year ofoperations of the Noahs Ark Community Hub.
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 and grants to this work are restricted on receipt.
Page 8
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 2022 on the pages 6 -8.
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: 18th May 2023
Page 9