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2021-08-31-accounts

Acorns Nursery School

Charity No. 1028177

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Trustees' Report and Unaudited Accounts

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31 August 2021

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CHARITY COMMISSION
FIRST CONTACT.
26 MAY 2022
ACCOUNTS ©
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Acorns Nursery Schoo! Contents

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||||| |---|---|---|---| |Pages| |Trustees’|Annual|Report|2| |Independent|Examiner's|Report|3| |SOFA|4| |Balance|Sheet|5| |Notes to the Accounts|6-14|

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Page 1

ACORNS NURSERY SCHOOL, SHACKLEFORD

ANNUAL GENERAL MEETING

CHAIRPERSONS REPORT

This is a review of the year to August 2021

The Nursery

Acorns continues to be an extremely popular choice in the local area. This is mainly driven by word of mouth and siblings of previous attendees. Acorns children benefit from an experienced, enthusiastic staff team who have been with us for many years. Acorns ethos is that children learn best through play when happy and nurtured, gaining social and independence skills to make them confident learners who are ready for their ongoing education.

Staff update

Cary Dale, the previous manager of over 35 years retired in March 2021 and Beatty Currier took over this role. Beatty has been at Acorns for over 12 years and this new appointment was fully and enthusiastically supported by all staff, the committee and parents.

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A new member of staff — Karen Pybis was also recruited in March 2021.

The committee

Acorns is a non-profit making registered charity, and needs a committee of current parents to fulfill its constitution. The committee’s main role is to fundraise additional monies to supplement the formal income of Acorns, as well as to oversee the business management and good governance of the nursery.

ln summary - the fixed basic, everyday costs and expenses — e.g. the rent on the hall, business rates, insurance, staff salaries, materials and perishables are covered as income from FEE and FEET funding and parents as voluntary contributions. The investment into the nursery such as new toys and books, garden development or building maintenance/refurbishment etc are funded by the events organised by the committee and parents.

The volunteer committee this year have been: -

Chair Sophie Childs, Stella Doble Treasurer: Hattie Ward Secretary: Emma Sergeant

Open Committee Members: Charlotte Watson, Sarah Dolata, Selina Warlow

Pandemic

During the past year, the nursery continued to be affected by the COVID pandemic and was required to follow guidelines for social gatherings and access to the Nursery itself.

COVID Grants

These are itemised in the accounts attached. A grant of £4,599 was the last payment from HMRC for furlough money for staff wages in August 2020. Due to the timing of this payment — after the year ending August 2020 — it shows as income on the accounts ending 31% August 2021, however this actually partially covers the loss from the previous year.

Fundraising . Understandably COVID restrictions meant a number of Acorns established fundraising activities could not take place, however the staff were able to organise and run some successful events that raised a total of £2,980.

Christmas bundles

||| -After nursery
stay and play sessions||| -After nursery
stay and play sessions| |---|---| |SpringTerm|Halfterm smartietubechallenge| ||Easter Raffle| |SummerTerm||| Cake Sale| ||Sale ofChildrens photographs| ||LeaversArtGalleryevening|

In addition to the above, and in response to the major efforts of all staff and parents to create an impressive cake stall and children’s activities at the local Shackleford Fete in June 2021, the fete committee donated £2,000 to the Nursery. This enabled the purchase of two outdoor storage sheds, two indoor wooden table/chair sets, a reading basket and arch to create a new and improved cosy : reading area for the children.

£16.94 was also raised via Easyfundraising during the year.

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Summary Once again the COVID pandemic presented a number of challenges to both staff and parents. If anything, this has shown how strong the Acorns community is and how well both our staff and parents work together to create a warm, welcoming and safe environment that our children love being in and returning to year after year.

The committee would like to thank all the staff for their dedication and hard work this year and of course all parents, grandparents and carers who continue to support Acorns.

The Committee for 2021 -2022 needs to be appointed and existing members and have proposed and seconded the following nominations — the outcome of which is outlined below:

Newcommittee nominees and Newcommittee nominees and roles
Chairpersons: Caty Goodwin
Propose
:		 Sophie Childs
and: Stella Doble ,
Treasurer: HattieWard (Staying in her role from previous term)
Propose
:		 Caty Goodwin
2nd: Sophie Childs
Secretary:
Propose:
2nd:		 Gemma Attrill
CatyGoodwin
Sophie Childs
Open Committee Members: Samira Stevenson, Helen Butcher, Stella Doble
Propose: Caty Goodwin
2nd; GemmaAttrill

AGM, Acorns Committee, Acoms Nursery School, Shackleford Monday 21% March 2022

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In Attendance :

Beatty Currier, Sophie Childs, Caty Goodwin, Ali Goldup, Karen Bennett, Stella Doble, Samira Stevenson

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The Trustee presents this report with the unaudited financial statements of the charity for the year ending 31 August 2021.

REFERENCE AND ADMINISTRATION DETAILS

Charity No. 1028177

Principal Office

The Village Hall, Shackleford, GU8 6AE

Trustee (The following Trustee served during the year) Sophie Childs

Directors of Corporate Trustees Sophie Childs

Accountants

MHM Accounting Solutions, 13 Mapledrakes Close, Ewhurst, GU6 7QR

The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed

S Childs

Trustee

31 August 2021

Acorns Nursery School Independent Examiners Report

Independent Examiner's Report to the trustees of Acorns Nursery School

{ report to the trustees on my examination of the accounts of Acorns Nursery School for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

_ Asthe charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act’). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

independent examiner's statement

| have completed my examination. | can 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:

| 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.

Michelle Matthews FCCA

Association Certified Chartered Accountants MHM Accounting Solutions

13 Mapledrakes Close

Ewhurst

GU6 7QR

31 August 2021

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Acorns Nursery Schoo!

Statement of Financial Activities

for the year ended 31 August 2021

Unrestricte
dfunds Totalfunds Total funds
2021 2021 2020
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, Notes £ £ £
Income and endowments
. from:
Donations and legacies 3 2,414 2,414 368
Charitable activities 4 2,980 2,980 1,157
’ Othertrading activities 5 121,000 121,000 114,522
Other 6 24,746 24,746 -
Total 151,140 151,140 116,047
Expenditure on:
Other 7 139,681 139,681 125,785
Total 139,681 139,681 125,785
Net gains on investments - - -
Net income/(expenditure) 8 11,459 11,459 (9,738)
)
Transfers between funds - - -
Net incom
diture
ncome/(expenditure)
before other gains/(losses)		 11,459 , 11,459 (9,738)
Othergains and losses
Net movement in funds 11,459 11,459 (9,738)
Reconciliation offunds:
Total funds brought forward 35,350 35,350 45,088
Totalfundscarriedforward 46,809 46,809 35,350

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Acorns Nursery School

Balance Sheet

at 31 August 2021

Charity No. 1028177 2021 2020
£ £
Fixed assets
Tangible assets 10 5,172 6,304
5,172 6,304
Current assets
Debtors i1 402 -
Cash at bankand in hand —-§3,428 32,161
53,830 32,161
Creditors: Amount falling due within one year 12 (12,193) (3,115)
Net current assets 41,637 29,046
Total assets less current liabilities 46,809 35,350
Net assets excluding pension asset or liability 46,809 35,350
Total net assets 46,809 35,350
The funds ofthe charity
Restricted funds 13
Unrestricted funds - 13
General funds 46,809 35,350
46,809 35,350
Reserves 13
Total funds 46,809 35,350
Approved bythe trustees on 31August 2021 ;
Andsignedontheirbehalfby:

S.Childs Trustee 31 August 2021

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Acorns Nursery School Notes to the Accounts for the year ended 31 August 2021

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1 Accounting policies

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Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) andthe Charities Act 2011.

Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

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Fund accounting
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Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance ofthe
' general objects ofthe charity.
Designated funds These are unrestricted fundsearmarked by thetrusteesfor particular purposes.
Revaluation funds These are unrestricted fundswhich include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed bythe donor orthrough
terms ofan appeal.
income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in theSoFA.
Donations and Voluntary income received byway ofgrants, donations and gifts is included in the
legacies theSoFAwhen receivable and onlywhen the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts _gift/donation to which it relates.
Donated services These are only included in income (with an equivalentamount in expenditure)
and facilities where the benefit tothe Charity is reasonably quantifiable, measurable and
material.
Volunteer help Thevalue ofanyvolunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on This includes anygain or loss resulting from revaluing investments to market value
revaluation offixed atthe end ofthe year.
_
assets
Gains/(losses) on This includes any gain or loss on the sale ofinvestments.
investmentassets

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Acorns Nursery School

Notes to the Accounts

Expenditure Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs _— These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. | Prepayments are valued at the amount prepaid net of any trade discounts due. | Cash and cash equivalents | Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other | short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due..

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Acorns Nursery School

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Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior yearyear
Unrestricted
funds Total funds
2020 2020
£ £
income and endowments from:
Donations and legacies 368 368
Charitable activities 1,157 1,157
Othertrading activities : 114,522 114,522
Total ~~
116,047		 «116,047
Expenditure on:
Other 125,786 125,786
Total 125,786 «125,786
Netincome income (9,739) ~ (9,739)
Net income before other
gains/(losses)		 (9,739) (9,739)
Other gainsand losses:
Netmovement movementinfunds ~~ (9,739) ~ (9,739)
Reconciliation offunds:
Total funds brought forward 45,088 45,088
Total funds carried forward 35,349 35,349
3 Income from donations and legacies
Unrestricted Total Total
2021 2020
£ £ £
Donations 2,414 2,414 368
2,414 2,414 368
4 Incomefromcharitableactivities
. Unrestricted Total Total
2021 2020
£ £ £
Fund raising 2,980 2,980 1,157
2,980 ’. 2,980 1,157

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Acorns Nursery School

Notes to the Accounts

S Income from other trading activities

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total|Total| |2021|2020| |£|£|£| |Fees|121,986|121,986|114,357| |Registrations|500|500|180| |Discounts|(2,361)|(2,361)|(200)| |Sweatshirts|875|875|185| |121,000|121,000|114,522| |6|Other|income|)| ||| |Unrestricted|Total|Total| |2021|2020| |£|£|£| |Grants|20,147|20,147|-| |Covid|Grants|4,599|4,599|-| |24,746|24,746|-| |7|Other expenditure| |Unrestricted|Total|Total| |2021|2020| |£|£|£| |Educational|Products|6,773|6,773|1,671| |388|388|-| |Other|interest|payable|-|-|(1)| |Employee|costs|107,609|=|107,609|99,380| |Premises|costs|12,724|12,724|13,977| |)| |Amortisation,|depreciation,| |impairment,|profit/loss|on|1,135|1,135|3,879| |disposal|of fixed|assets| |General|administrative|costs|5,151|5,151|5,919| |Legal|and|professional|costs|5,901|5,901|960| |139,681|139,681|125,785| |8|Net|income/(expenditure)|before|transfers| |2021|,|2020| |This|is|stated|after|charging:|£|£| |Depreciationof owned|fixed|assets|1,135|3,879| |9|Staff|costs| |Salaries|and|wages|104,378|88,525| |Social|security|costs|1,076|5,003| |Pension|costs|1,637|1,346| |.|107,091|94,874| |No employee|received|emoluments|in|excess|of £60,000.|

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Notes to the Accounts

Acorns Nursery School

10 Tangible fixed assets

10 Tangible fixed assets
£ £
Cost or revaluation
At 1September 2020 33,566 33,566
At 31 August 2021 33,566 33,566
Depreciation and
impairment
At 1September 2020 27,259 27,259
Depreciation chargeforthe 1,135 1,135
year
At 31 August 2021 ' 28,394 28,394
Net book values
At 31 August 2021 5,172 5,172
At 31 August 2020 6,307 6,307
11 Debtors
2021 2020
£ £
Trade debtors 402 -
402 -
12 Creditors:
amounts falling due within one year
2021 2020
£ £
Othertaxes and social security 711 1,082
Accruals and deferred income 11,482 2,033
12,193 3,115
13 Movement in funds
Incoming
resources
(including
Atl
other
September _ gains/loss s		 Resources
expended		 At31
August
2021
2020 )
£ £ £
.
Restricted funds:
Unrestricted funds:
General funds 35,350 151,140 (139,681) 46,809
Revaluation Reserves:
Totalfunds 35,350 151,140 (139,681) 46,809

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Acorns Nursery Schoo!

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Notes to the Accounts

14 Analysis of net assets between funds

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. Unrestricted
funds		 Total
£ £
Fixed assets 5,172 5,172
Net current assets 41,637 41,637
46,809 46,809
15 Reconciliation of net debt
Ati At 31
September August
2020 Cash flows 2021
£ £ £
Cash and cash equivalents 32,161 21,267 53,428
32,161 21,267 53,428
Net debt 32,161 21,267 53,428
16 Commitments
Operating leasecommitments
Annual commitments under non-cancellable operating leases are as follows:
2021 2021 2020 2020
‘ Land and
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buildings		 Other Land and
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buildings		 . Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2021 2020
£ £
The pension cost charge to the charity
amountedto: 1,637 1,346

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Acorns Nursery School | Statement of Cash flows | for the year ended 31 | Cash flows from | Net income/(expenditure) Adjustments for: Depreciation of Dividends, interest Increase in trade and Increase in trade and Net cash used in |

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|||for the year endedthe year endedyear endedended 31August2021||||.| |---|---|---|---|---|---| |||||||| ||||2021|2020|| ||
£
£|||||£
£| ||
Cash flows fromfrom operating activities|||||| |||Net income/(expenditure) perStatementofFinancial Activities||11,459|(9,739)|| ||Adjustments for:||||| ||Depreciation of property, plantand equipment||1,135|3,879|| ||Dividends, interest and rentsfrom investments||(24,746)|-|| ||Increase in trade and other receivables|.|(402)|(287)|| ||Increase in trade andand otherpayables||9,078|549|| ||Net cash used in operating activities||(3,476)|(5,598)|| |||||||| ||Cash flowsfrom investing activities||||| ||Dividends, interest and rentsfrom investments||24,746|-|| |||||||| ||Net cash from investing activities||24,746|11,369|| ||Netcashfrom financing activities
Net increase in cash and cash equivalents||-
21,270|-
5,771|| ||Cashand cash equivalents atthebeginning oftheyear||32,161|26,391|| ||Cash and cash equivalents atthe end ofthe year|the year|53,431|32,162|| ||Components ofcash and cash equivalents||||| ||Cash and bank balances||53,428|32,161|| ||||53,428|32,161||

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Acorns Nursery School Detailed Statement of Financial Activities

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for the year ended 31 August 2021

‘Unrestricted

‘Unrestricted
funds Totalfunds Total funds
2021 2021 2020
)
£ £ £
Income and endowments from:
Donations and legacies
Donations 2,414 2,414 368
Charitable activities
Fund raising 2,980 2,980 1,157
2,980 2,980 1,157
Othertrading activities
Fees 121,986 121,986 114,357
Registrations 500 500 180
Discounts (2,361) (2,361) (200)
Sweatshirts 875 875 185
121,000 121,000 114,522
Other
Grants 20,147 20,147 -
Covid Grants 4,599 4,599 -
24,746 24,746 -
Total income and endowments 151,140 151,140 116,047
Expenditure on:
Otherexpenditure
Educational Products 6,773 6,773 1,671
388 388 -
Other interest payable - - (1)
7,161 7,161 1,670
Employee costs
Salaries/wages 104,378 104,378 88,525
Employer's NIC 1,076 1,076 5,003
Pension costs 1,637 1,637 1,346
Stafftraining 155 155 4,057
Staffwelfare 363 363 449
Premises costs :
Rent 10,547 10,547 9,944
Premises cleaning 1,528 1,528 1,745
Premises repairsand
maintenance		 649 649 2,288
12,724 12,724 13,977
General administrative costs,
including depreciation and
amortisation

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Acorns Nursery School

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||||||||| |---|---|---|---|---|---|---|---| |Detailed|Statement|of|Financial|Activities| |Depreciation of|1,135|1,135|3,879| |Bad|debts|-|-|591| |General|insurances|900|900|1,379| |Postage|and|couriers|760|760|62| |So|ft|ware,ITIT support|rt|andand|relaterelated| |costs|.|578|578|1,165| |Stationery|and|printing|-|-|380| |Subscriptions|,|526|526|-| |.|Sundry|expenses|620|—|620|1,378| |Telephone,|fax|and|broadband|1,767|1,767|964| |6,286|6,286|9,798| |Legal|and|professional|costs| |independent|examination|fees| |Accountancy|and|bookkeeping:|360|360|-| |5,541|5,541|960| |5,901|5,901|960| |Total|of expenditure|of other|costs|139,681|.|139,681|125,785| |Total|expenditure|139,681|139,681|125,785| |Net|losses|on|investments|-|-|-| |Net income/(expenditure)|11,459,|11,459|(9,738| |otherNet|income/(expenditure) gains/(losses)me/(exp|before|||11,459|11,459|(9,738)| |Other|Gains|-|-|-| |Net|movement|in|funds|11,459|11,459|(9,738)| |Reconciliation|of funds:| |Total|funds|brought forward|35,350|35,350|45,088| |Total funds|carried forward|46,809|46,809|35,350|

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