REGISTERED CHARITY NUMBER: 1026965
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
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 2021
| 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 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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.
Page 1
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021
ACHIEVEMENT AND PERFORMANCE
Due to the pandemic again this year it has been a tough environment for Little Acorns. We have continued to put our stakeholders first and have achieved a lot. The pre-school remained open at all times and the number of Covid cases due to the excellent measures put in place by the staff were kept to a minimum. The staff continued with the excellent communication within social media to ensure parents were kept up to date with the children's activities within the setting. With the Covid restrictions opening up at times we have managed to complete a number of fund raising events. These events include the Christmas Pantomime, raffles, book read and also celebrated the 30 years of Little Acorns and had a fundraising event for this. We also continued to sell Sea life Centre and Adventure Island tickets. Our largest fundraising event was the raffle. Overall through all the fundraising, the amount raised was £3,768.
Little Acorns continued to ensure the children had an enjoyable experience at the setting. Forest school was a large contributor to this. The setting also had a number of other themed days in which the children thrived.
This year we have also been consciously trying to minimise the effect of the pandemic on the pre-school finances and this can be seen in the results compared to last year. The setting increased it opening hours to include Friday afternoons to help with this. Next year we will focus heavily on reducing the small funding deficit at the pre-school.
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 £111,634 (2020: £115,121), of this amount £35,000 (2020: £35,000) has been designated for future contingencies, this leaves an unrestricted fund position of £76,634 (2020: £80,121).
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 2021
Trustees
Charlotte Head(Treasurer) (resigned 1.9.20) Philip Read(Chair) Louise Seymour(Secretary) (resigned 29.9.20) Kate Johnson Louise Romanis (resigned 29.9.20) Lynsey Warman Louise Murphy Chris Brettell(Treasurer) (appointed 30.9.20) Emma Fettroll (appointed 29.11.21) Lucia Wheller (appointed 26.11.21) Roxanne Keefe (appointed 30.9.20) Jade Rose(Secretary) (appointed 30.9.20) Ellie Price (appointed 30.9.20) Laura Davies (appointed 30.9.20)
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 10 May 2022 and signed on its behalf by:
Philip Read (May 14, 2022 16:03 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 2021.
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
10 May 2022
Page 4
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 892 Charitable activities Local authority funding 88,750 Fees - parents/vouchers 38,884 Other trading activities 2 2,602 Investment income 3 142 Total 131,270 EXPENDITURE ON Charitable activities Expenditure on charitable activities 134,408 Other 349 Total 134,757 NET INCOME/(EXPENDITURE) (3,487) RECONCILIATION OF FUNDS Total funds brought forward 80,121 TOTAL FUNDS CARRIED FORWARD 76,634 |
Restricted fund £ - - - - - - - - - - 35,000 35,000 |
2021 Total funds £ 892 88,750 38,884 2,602 142 131,270 134,408 349 134,757 (3,487) 115,121 111,634 |
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 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
BALANCE SHEET
31 AUGUST 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 1,049 CURRENT ASSETS Debtors 8 - Cash at bank and in hand 80,075 80,075 CREDITORS Amounts falling due within one year 9 (4,490) NET CURRENT ASSETS 75,585 TOTAL ASSETS LESS CURRENT LIABILITIES 76,634 NET ASSETS 76,634 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 35,000 35,000 - 35,000 35,000 35,000 |
2021 Total funds £ 1,049 - 115,075 115,075 (4,490) 110,585 111,634 111,634 76,634 35,000 111,634 |
2020 Total funds £ 1,398 2,545 111,958 114,503 (780) 113,723 115,121 115,121 80,121 35,000 115,121 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 May 2022 and were signed on its behalf by:
----- Start of picture text -----
Philip Read (May 14, 2022 16:03 GMT+1)
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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 2021
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...
Page 7
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
2. OTHER TRADING ACTIVITIES
3.
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Fundraising events | 2,602 | 4,352 |
| INVESTMENT INCOME | ||
| Deposit account interest | 2021 £ 142 |
2020 £ 334 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
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 1,107 Charitable activities Local authority funding 90,131 Fees - parents/vouchers 25,935 Other trading activities 4,352 Investment income 334 Total 121,859 EXPENDITURE ON Charitable activities Expenditure on charitable activities 140,953 Other 467 |
2021 9 Restricted fund £ - - - - - - - - |
2020 9 Total funds £ 1,107 90,131 25,935 4,352 334 121,859 140,953 467 |
|---|---|---|
continued...
Page 8
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ Total 141,420 - NET INCOME/(EXPENDITURE) (19,561) - RECONCILIATION OF FUNDS Total funds brought forward 99,682 35,000 TOTAL FUNDS CARRIED FORWARD 80,121 35,000 7. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 September 2020 and 31 August 2021 2,580 13,604 705 DEPRECIATION At 1 September 2020 2,555 12,231 705 Charge for year 6 343 - At 31 August 2021 2,561 12,574 705 NET BOOK VALUE At 31 August 2021 19 1,030 - At 31 August 2020 25 1,373 - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Other debtors - |
Total funds £ 141,420 (19,561) 134,682 115,121 Totals £ 16,889 15,491 349 15,840 1,049 1,398 2020 £ 2,545 |
|---|---|
continued...
Page 9
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Pension control Accrued expenses 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 1.9.20 £ 80,121 35,000 115,121 Incoming resources £ 131,270 131,270 At 1.9.19 £ 99,682 35,000 134,682 |
2021 2020 £ £ 3,351 - 329 - 810 780 4,490 780 Net movement At in funds 31.8.21 £ £ (3,487) 76,634 - 35,000 (3,487) 111,634 Resources Movement expended in funds £ £ (134,757) (3,487) (134,757) (3,487) Net movement At in funds 31.8.20 £ £ (19,561) 80,121 - 35,000 (19,561) 115,121 |
|---|---|---|
10. MOVEMENT IN FUNDS
continued...
Page 10
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 121,859 TOTAL FUNDS 121,859 A current year 12 months and prior year 12 months combined position is as follows: At 1.9.19 £ Unrestricted funds General fund 99,682 Restricted funds Contingency fund 35,000 TOTAL FUNDS 134,682 |
Resources Movement expended in funds £ £ (141,420) (19,561) (141,420) (19,561) Net movement At in funds 31.8.21 £ £ (23,048) 76,634 - 35,000 (23,048) 111,634 |
|---|---|
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 £ 253,129 253,129 |
Resources Movement expended in funds £ £ (276,177) (23,048) (276,177) (23,048) |
|---|---|---|
continued...
Page 11
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
Page 12
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| 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 |
2021 £ 506 386 892 2,602 142 88,750 38,884 127,634 131,270 117,689 2,065 1,301 2,086 1,967 1,179 181 554 127,022 1,104 2,390 1,390 850 842 6 6,582 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021 Management Brought forward Fixtures and fittings depreciation Governance costs Accountancy fees Total resources expended Net expenditure |
2021 £ 6,582 343 6,925 810 134,757 (3,487) |
2020 £ 7,351 458 7,809 780 141,420 (19,561) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
Little Acorns Pre-School Accounts
Final Audit Report
2022-05-14
Created: 2022-05-10 By: Stephen Pearce (stephen.pearce@segrave.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAvHWGwbKVTUoaQ31mEXn8xtbki2YO7zrj
"Little Acorns Pre-School Accounts" History
Document created by Stephen Pearce (stephen.pearce@segrave.co.uk)
2022-05-10 - 12:21:50 GMT- IP address: 157.231.47.150
Document emailed to Philip Read (philip.read@hotmail.co.uk) for signature 2022-05-10 - 12:24:30 GMT
Email viewed by Philip Read (philip.read@hotmail.co.uk)
2022-05-10 - 12:25:07 GMT- IP address: 146.75.168.54
Email viewed by Philip Read (philip.read@hotmail.co.uk)
2022-05-13 - 16:36:17 GMT- IP address: 104.28.89.75
Document e-signed by Philip Read (philip.read@hotmail.co.uk)
Signature Date: 2022-05-14 - 15:03:41 GMT - Time Source: server- IP address: 188.222.82.118
Agreement completed.
2022-05-14 - 15:03:41 GMT