REGISTERED CHARITY NUMBER: 1026965
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020
FOR
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
The trustees present their report with the financial statements of the charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Little Acorns operates under the Pre-school Learning Alliance Amended 2011 Constitution.
Our vision statement is:
"At Little Acorns we are committed to providing a happy, safe, stimulating and caring environment; where children's freedom of choice and their needs and achievements are recognised."
We aim to:
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Make the pre-school a welcome place where children settle quickly and easily because consideration has been given to the individual needs and circumstances of children and their families.
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Provide a secure environment in which all our children can flourish and in which all contributions are valued.
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Help children to establish and sustain satisfying relationships with their families, with peers and with other adults.
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Encourage children to develop a sense of autonomy
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Provide an environment in which there is acceptable behaviour and where children learn to respect themselves, other people and their environment.
We believe that parents are children's first and most enduring educators. When parents and practitioners work together in early years settings, the results have a positive impact on children's development and learning.
We believe that children flourish best when they know how they are expected to behave and should be free to play and learn without fear of being hurt and unfairly restricted by anyone else.
We have regard for the DFES Special Educational Needs Code of Practice.
We have regard for the Equality Act 2010.
We have regard for the Children, Schools and Families Act 2010.
We aim to make children, parents and staff aware of health and safety issues and to minimize the hazards and risks to enable the children to thrive in a healthy and safe environment.
We aim to bring all concerns about the running of our pre-school to a satisfactory conclusion for all of the parties involved.
Significant activities
We aim to provide a safe and stimulating environment for the children and parents of Leigh on Sea and the wider area.
Each summer we provide a club that enables all children and parents the opportunity to enjoy the facilities of the pre-school. Those who come do not have to be attending Little Acorns.
We have regard for the guidance on public benefit issued by the Charity Commission.
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
ACHIEVEMENT AND PERFORMANCE
Little Acorns has continued to contribute and put a lot of focus on the stake holders and the local community. This year has been a difficult year with the first half going well with support for a number of activities completed by little acorns, including Coffee morning, Santa's Letters, Christmas Pantomime, Christmas Party which were all good activities and fundraisers. Selling Adventure Island and Sealife Centre tickets remains our most successful fundraiser, with further events such as Bunny Bounce child sponsorship and the Christmas party raffle, contributing to a total sum raised of over £4,352.
Little Acorns also had an OFSTED audit during March and achieved an outstanding grade which is an exceptional achievement and a real credit to all the staff at the pre-school. The second half of the year from March onwards was heavily impacted by the pandemic which put a stop to a lot of the activities that normally would take place. The staff at the pre-school did a fantastic job during the first pandemic of looking after the key worker children safely as well as ensuring the involvement of the children not attending. This was done by the good use of social media through stories being read, a group staff dance routine, regular updates on ways to help on mental health and many more activities. These fantastic efforts helped all of our children and parents to manage through the pandemic.
During this time and once fully open again the pre-school put in numerous and very effective measures to reduce the risks with regards to Covid 19. The pandemic had a massive effect on our ability to fund raise and caused the pre-school to lose a significant amount of money during the year. The pre-school used the government furlough scheme to try and minimise this affect.
The committee are aware of our legal and financial obligations to Ofsted, The Charity Commission, the local authority and other statutory organisations.
FINANCIAL REVIEW
Financial position
We are pleased to report that Little Acorns financial position remains healthy and that the pre-school continues on a firm financial footing. At the year end, the pre-school had total reserves of £115,121 (2019: £134,682), of this amount £35,000 (2019: £35,000) has been designated for future contingencies, this leaves an unrestricted fund position of £80,121 (2019: £99,682).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1026965
Principal address
The Cabin Barnard Road Leigh on Sea Essex SS9 3PH
Page 2
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020
Trustees
Jessica Ellis(Chair) (resigned 31.3.20) Salina Ventress (resigned 31.10.19) Charlotte Head(Treasurer) (appointed 1.9.19) Philip Read(Chair) (appointed 1.4.20) Louise Seymour(Secretary) Kate Johnson Louise Romanis Lynsey Warman Jessica Wright (resigned 31.8.20) Louise Murphy
Independent Examiner
Stephen Pearce ACA FCCA Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
Approved by order of the board of trustees on 15 June 2021 and signed on its behalf by:
Philip Read
Philip Read (Jun 17, 2021 13:20 GMT+1)
Philip Read(Chair) - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
Independent examiner's report to the trustees of Little Acorns Pre-School (Leigh on Sea)
I report to the charity trustees on my examination of the accounts of Little Acorns Pre-School (Leigh on Sea) (the Trust) for the year ended 31 August 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Pearce ACA FCCA Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
15 June 2021
Page 4
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,107 Charitable activities Local authority funding 90,131 Fees - parents/vouchers 25,935 Other trading activities 2 4,352 Investment income 3 334 Total 121,859 EXPENDITURE ON Charitable activities Expenditure on charitable activities 140,953 Other 467 Total 141,420 NET INCOME/(EXPENDITURE) (19,561) RECONCILIATION OF FUNDS Total funds brought forward 99,682 TOTAL FUNDS CARRIED FORWARD 80,121 |
Restricted fund £ - - - - - - - - - - 35,000 35,000 |
2020 Total funds £ 1,107 90,131 25,935 4,352 334 121,859 140,953 467 141,420 (19,561) 134,682 115,121 |
2019 Total funds £ 937 84,006 40,583 7,041 281 132,848 120,050 623 120,673 12,175 122,507 134,682 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
BALANCE SHEET
31 AUGUST 2020
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 1,398 CURRENT ASSETS Debtors 8 2,545 Cash at bank and in hand 76,958 79,503 CREDITORS Amounts falling due within one year 9 (780) NET CURRENT ASSETS 78,723 TOTAL ASSETS LESS CURRENT LIABILITIES 80,121 NET ASSETS 80,121 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 35,000 35,000 - 35,000 35,000 35,000 |
2020 Total funds £ 1,398 2,545 111,958 114,503 (780) 113,723 115,121 115,121 80,121 35,000 115,121 |
2019 Total funds £ 1,865 - 133,597 133,597 (780) 132,817 134,682 134,682 99,682 35,000 134,682 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15 June 2021 and were signed on its behalf by:
Philip Read
Philip Read (Jun 17, 2021 13:20 GMT+1)
Philip Read(Chair) - Trustee
The notes form part of these financial statements
Page 6
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Fundraising events | 4,352 | 7,041 |
| INVESTMENT INCOME | ||
| Deposit account interest | 2020 £ 334 |
2019 £ 281 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2020 nor for the year ended 31 August 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2020 nor for the year ended 31 August 2019.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
6.
| Nursery staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 937 Charitable activities Local authority funding 84,006 Fees - parents/vouchers 40,583 Other trading activities 7,041 Investment income 281 Total 132,848 EXPENDITURE ON Charitable activities Expenditure on charitable activities 120,050 Other 623 |
2020 9 Restricted fund £ - - - - - - - - |
2019 11 Total funds £ 937 84,006 40,583 7,041 281 132,848 120,050 623 |
|---|---|---|
continued...
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ Total 120,673 - NET INCOME 12,175 - RECONCILIATION OF FUNDS Total funds brought forward 87,507 35,000 TOTAL FUNDS CARRIED FORWARD 99,682 35,000 7. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 September 2019 and 31 August 2020 2,580 13,604 705 DEPRECIATION At 1 September 2019 2,546 11,773 705 Charge for year 9 458 - At 31 August 2020 2,555 12,231 705 NET BOOK VALUE At 31 August 2020 25 1,373 - At 31 August 2019 34 1,831 - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Other debtors 2,545 |
Total funds £ 120,673 12,175 122,507 134,682 Totals £ 16,889 15,024 467 15,491 1,398 1,865 2019 £ - |
|---|---|
continued...
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Contingency fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Contingency fund TOTAL FUNDS |
At 1.9.19 £ 99,682 35,000 134,682 Incoming resources £ 121,859 121,859 At 1.9.18 £ 87,507 35,000 122,507 |
2020 2019 £ £ 780 780 Net movement At in funds 31.8.20 £ £ (19,561) 80,121 - 35,000 (19,561) 115,121 Resources Movement expended in funds £ £ (141,420) (19,561) (141,420) (19,561) Net movement At in funds 31.8.19 £ £ 12,175 99,682 - 35,000 12,175 134,682 |
|---|---|---|
continued...
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 132,848 132,848 |
Resources Movement expended in funds £ £ (120,673) 12,175 (120,673) 12,175 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Contingency fund TOTAL FUNDS |
At 1.9.18 £ 87,507 35,000 122,507 |
Net movement in funds £ (7,386) - (7,386) |
At 31.8.20 £ 80,121 35,000 115,121 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 254,707 254,707 |
Resources Movement expended in funds £ £ (262,093) (7,386) (262,093) (7,386) |
|---|---|---|
continued...
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2020.
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Fundraising events Investment income Deposit account interest Charitable activities Local authority funding Fees - parents/vouchers Total incoming resources EXPENDITURE Charitable activities Salaries and staff costs Pensions Rent and insurance Educational equipment Nursery supplies Training and recruitment Sundry expenses Travel and trip costs Support costs Management Telephone and computer costs Printing, postage and stationery Repairs and maintenance Cleaning, health and safety Payroll fees Plant and machinery depreciation Carried forward |
2020 £ 556 551 1,107 4,352 334 90,131 25,935 116,066 121,859 113,574 4,134 4,385 1,630 1,845 2,168 397 4,698 132,831 997 1,651 3,176 689 829 9 7,351 |
2019 £ 128 809 937 7,041 281 86,006 38,583 124,589 132,848 87,637 2,171 5,225 1,796 1,973 3,516 202 7,377 109,897 1,362 1,730 4,824 738 590 12 9,256 |
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This page does not form part of the statutory financial statements
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LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020 Management Brought forward Fixtures and fittings depreciation Governance costs Accountancy fees Bank charges Total resources expended Net (expenditure)/income |
2020 £ 7,351 458 7,809 780 - 780 141,420 (19,561) |
2019 £ 9,256 611 9,867 780 129 909 120,673 12,175 |
|---|---|---|
This page does not form part of the statutory financial statements
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