**REGISTERED CHARITY NUMBER: 1026965**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 AUGUST 2022**
## **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 2022**
|||**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|11|
|**Detailed Statement of Financial Activities**|12|to|13|
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. 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:
- 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.
- Provide a secure environment in which all our children can flourish and in which all contributions are valued.
- Help children to establish and sustain satisfying relationships with their families, with peers and with other adults.
- Encourage children to develop a sense of autonomy
- 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 2022**
## **ACHIEVEMENT AND PERFORMANCE**
It has been a better year financially this year and as per our planned focus from last years accounts we have managed to get back into the black which has been a great achievement for Little Acorns.
Forest school continued as was and the children continued to enjoy their time outdoors, looking ahead into 2022 - 2023 there is planning for a more permanent forest school as part of a way to enlarge the reach of the charity, children have shown a great interest as have families for September.
We continued with some themed days to which the children have really enjoyed, based around themes of festivals such as Holi and Queens Jubilee.
Little acorns was able to undertake a number of fundraising events, the largest of these was the bunny bounce where the children were able to bounce on a bouncy castle, this raised a total of just over £1,100. The next two highest were the Christmas raffles tickets where there was some great prizes donated by the local community and then finally the sale of Adventure Island tickets. The total amount raised was £3,073.82 so slightly under last year but still a good achievement.
## **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 £115,144 (2021: £111,634), of this amount £35,000 (2021: £35,000) has been designated for future contingencies, this leaves an unrestricted fund position of £80,144 (2021: £76,634).
## **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
## **Trustees**
Philip Read(Chair) Kate Johnson (resigned 31.7.22) Lynsey Warman (resigned 31.7.22) Louise Murphy Chris Brettell(Treasurer) Emma Fettroll (appointed 29.11.21) Lucia Wheller (appointed 26.11.21) Roxanne Keefe Jade Rose(Secretary) Ellie Price Laura Davies Salina Ventress (appointed 4.10.22)
Page 2
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **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 19 May 2023 and signed on its behalf by:
Philip Read Philip Read (May 22, 2023 11:45 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 2022.
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Stephen Pearce (May 22, 2023 11:47 GMT+1)
Stephen Pearce ACA FCCA
Segrave & Partners LLP Chartered Accountants Turnpike House 1208/1210 London Road Leigh on Sea Essex SS9 2UA
19 May 2023
Page 4
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
717
**Charitable activities**
Local authority funding
99,076
Fees - parents/vouchers
41,733
Other trading activities
2
2,047
Investment income
3
117
**Total**
143,690
**EXPENDITURE ON**
**Charitable activities**
Expenditure on charitable activities
140,180
Other
-
**Total**
140,180
**NET INCOME/(EXPENDITURE)**
3,510
**RECONCILIATION OF FUNDS**
Total funds brought forward
76,634
**TOTAL FUNDS CARRIED FORWARD**
80,144|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
35,000
35,000|2022
Total
funds
£
717
99,076
41,733
2,047
117
143,690
140,180
-
140,180
3,510
111,634
115,144|2021
Total
funds
£
892
88,750
38,884
2,602
142
131,270
134,408
349
134,757
(3,487)
115,121
111,634|
|---|---|---|---|
The notes form part of these financial statements
Page 5
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)**
## **BALANCE SHEET 31 AUGUST 2022**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
786
**CURRENT ASSETS**
Cash at bank and in hand
81,538
**CREDITORS**
Amounts falling due within one year
8
(2,180)
**NET CURRENT ASSETS**
79,358
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
80,144
**NET ASSETS**
80,144
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
35,000
-
35,000
35,000
35,000|2022
Total
funds
£
786
116,538
(2,180)
114,358
115,144
115,144
80,144
35,000
115,144|2021
Total
funds
£
1,049
115,075
(4,490)
110,585
111,634
111,634
76,634
35,000
111,634|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 May 2023 and were signed on its behalf by:
## Philip Read
Philip Read (May 22, 2023 11:45 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 2022**
## **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 2022**
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|**OTHER TRADING ACTIVITIES**|||
|---|---|---|
||2022|2021|
||£|£|
|Fundraising events|2,047|2,602|
|**INVESTMENT INCOME**|||
|Deposit account interest|2022
£
117|2021
£
142|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## **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
892
**Charitable activities**
Local authority funding
88,750
Fees - parents/vouchers
38,884
Other trading activities
2,602
Investment income
142
**Total**
131,270
**EXPENDITURE ON**
**Charitable activities**
Expenditure on charitable activities
134,408
Other
349
**Total**
134,757
**NET INCOME/(EXPENDITURE)**
(3,487)|2022
9
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-|2021
9
Total
funds
£
892
88,750
38,884
2,602
142
131,270
134,408
349
134,757
(3,487)|
|---|---|---|
continued...
Page 8
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -**
Unrestricted
fund
£
**RECONCILIATION OF FUNDS**
Total funds brought forward
80,121
**TOTAL FUNDS CARRIED FORWARD**
76,634
**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Plant and
and
machinery
fittings
£
£
**COST**
At 1 September 2021 and 31 August 2022
2,580
13,604
**DEPRECIATION**
At 1 September 2021
2,561
12,574
Charge for year
5
258
At 31 August 2022
2,566
12,832
**NET BOOK VALUE**
At 31 August 2022
14
772
At 31 August 2021
19
1,030
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Pension control
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
At 1.9.21
£
**Unrestricted funds**
General fund
76,634
**Restricted funds**
Contingency fund
35,000
**TOTAL FUNDS**
111,634|**continued**
Restricted
fund
£
35,000
35,000
Computer
equipment
£
705
705
-
705
-
-
2022
£
990
350
840
2,180
Net
movement
in funds
£
3,510
-
3,510|Total
funds
£
115,121
111,634
Totals
£
16,889
15,840
263
16,103
786
1,049
2021
£
3,351
329
810
4,490
At
31.8.22
£
80,144
35,000
115,144|
|---|---|---|
continued...
Page 9
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
143,690
**TOTAL FUNDS**
143,690
**Comparatives for movement in funds**
At 1.9.20
£
**Unrestricted funds**
General fund
80,121
**Restricted funds**
Contingency fund
35,000
**TOTAL FUNDS**
115,121
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
131,270
**TOTAL FUNDS**
131,270|Resources
Movemen
expended
in funds
£
£
(140,180)
3,510
(140,180)
3,510
Net
movement
At
in funds
31.8.21
£
£
(3,487)
76,634
-
35,000
(3,487)
111,634
Resources
Movemen
expended
in funds
£
£
(134,757)
(3,487)
(134,757)
(3,487)|
|---|---|
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 1.9.20
£
80,121
35,000
115,121|Net
movement
in funds
£
23
-
23|At
31.8.22
£
80,144
35,000
115,144|
|---|---|---|---|
continued...
Page 10
## **LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA) NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022**
## **9. MOVEMENT IN FUNDS - continued**
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
£
274,960
274,960|Resources
Movement
expended
in funds
£
£
(274,937)
23
(274,937)
23|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2022.
Page 11
**LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|**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 and subscriptions
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
Fixtures and fittings depreciation
**Governance costs**
Accountancy fees|2022
£
295
422
717
2,047
117
99,076
41,733
140,809
143,690
120,310
1,819
5,205
2,449
1,480
440
999
1,438
134,140
1,270
1,064
1,056
744
803
5
258
5,200
840|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
343
6,925
810|
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
**LITTLE ACORNS PRE-SCHOOL (LEIGH ON SEA)**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2022**
|Total resources expended
**Net income/(expenditure)**|2022
£
140,180
3,510|2021
£
134,757
(3,487)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13