REGISTERED CHARITY NUMBER: 1029700
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st March 2021 for Acorn 2 Oak Pre School
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Acorn 2 Oak Pre School
Contents of the Financial Statements For The Year Ended 31st March 2021
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11 to 12
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Acorn 2 Oak Pre School
Report of the Trustees For The Year Ended 31st March 2021
The trustees present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1029700
Principal address
Dryden Road Ipswich Suffolk IP1 6QD
Trustees
N Quinton C Arnold N Noble N Bricknell Mrs C Peck Ms L Elliss J Coe A Bradshaw J Versey C Woolard C Cooper
Independent examiner
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
Trustee - resigned 31/3/2021 Committee Member Trustee - resigned 31/3/2021 Trustee - resigned 31/3/2021 - resigned 31/3/2021 - resigned 31/3/2021 ChairPerson - appointed 1/4/2020 Treasurer - appointed 1/4/2020 Secretary - appointed 1/4/2020 Committee Member - appointed 1/4/2020 Committee Member - appointed 1/4/2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Page 1
Acorn 2 Oak Pre School
Report of the Trustees For The Year Ended 31st March 2021
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. A Bradshaw - Trustee
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Page 2
Independent Examiner's Report to the Trustees of Acorn 2 Oak Pre School
I report on the accounts for the year ended 31st March 2021, which are set out on pages four to ten.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
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that the accounts do not accord with those records; or
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that the accounts do not comply with the accounting requirements of the Act; or
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that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
John Phillips and Co Limited John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
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Date: .............................................
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Acorn 2 Oak Pre School
Statement of Financial Activities For The Year Ended 31st March 2021
| 07/03/22 15:49 2021 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 125,732 Activities for generating funds 2 12,465 Investment income 3 23 Total incoming resources 138,220 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 4 13,612 Fundraising trading: cost of goods sold and other costs 5 109,416 Governance costs 1,610 Other resources expended 1,952 Total resources expended 126,590 NET INCOMING RESOURCES 11,630 RECONCILIATION OF FUNDS Total funds brought forward 51,591 TOTAL FUNDS CARRIED FORWARD 63,221 |
2020 Total funds £ 129,052 22,120 52 |
|---|---|
| 151,224 - 129,960 1,300 2,341 |
|
| 133,601 | |
| 17,623 33,968 |
|
| 51,591 |
The notes form part of these financial statements
Page 4
Acorn 2 Oak Pre School
Balance Sheet At 31st March 2021
| 07/03/22 15:49 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 289 CURRENT ASSETS Debtors 9 934 Cash at bank and in hand 62,660 63,594 CREDITORS Amounts falling due within one year 10 (662) NET CURRENT ASSETS 62,932 TOTAL ASSETS LESS CURRENT LIABILITIES 63,221 NET ASSETS 63,221 FUNDS 11 Unrestricted funds 63,221 TOTAL FUNDS 63,221 |
2020 Total funds £ 433 1,603 50,550 52,153 (995) 51,158 51,591 51,591 51,591 51,591 |
|---|---|
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. Mrs C Peck -Trustee
The notes form part of these financial statements
Page 5
Acorn 2 Oak Pre School
Notes to the Financial Statements For The Year Ended 31st March 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
with the
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. ACTIVITIES FOR GENERATING FUNDS
| Fundraising events Fee Income |
2021 £ 2,262 10,203 12,465 |
2020 £ 2,302 19,818 |
|---|---|---|
| 22,120 |
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2021
3. INVESTMENT INCOME
| 07/03/22 15:49 2021 2020 £ £ Deposit account interest 23 52 COSTS OF GENERATING VOLUNTARY INCOME 2021 2020 £ £ Support costs 13,612 - FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS 2021 2020 £ £ Purchases 3,158 7,835 Staff costs 106,258 111,864 Support costs - 10,261 109,416 129,960 TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor f |
2020 £ 52 2020 £ - 2020 £ 7,835 111,864 10,261 |
2020 £ 52 |
|
|---|---|---|---|
| 2020 £ - |
|||
| 129,960 |
4. COSTS OF GENERATING VOLUNTARY INCOME
5. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.
7. STAFF COSTS
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 106,258 | 111,864 |
The average monthly number of employees during the year was as follows:
| 2021 | 2020 |
|---|---|
| - | - |
No employees received emoluments in excess of £60,000.
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2021
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Fixtures and | |||||||
| fittings | |||||||
| £ | |||||||
| COST | |||||||
| At 1st April 2020 and 31st March 2021 | 578 | ||||||
| DEPRECIATION | |||||||
| At 1st April 2020 | 145 | ||||||
| Charge for year | 144 | ||||||
| At 31st March 2021 | 289 | ||||||
| NET BOOK VALUE At 31st March 2021 |
289 | ||||||
| At 31st March 2020 | 433 | ||||||
| 9. 10. |
07/03/22 15:49 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 £ 934 2021 |
2020 £ 1,603 2020 |
||||
| £ | £ | ||||||
| Trade creditors | 396 | 395 | |||||
| Other creditors | 266 | 600 | |||||
| 662 | 995 | ||||||
| 11. | MOVEMENT IN FUNDS | ||||||
| Net | |||||||
| movement | |||||||
| At 1.4.20 | in funds | At 31.3.21 | |||||
| £ | £ | £ | |||||
| Unrestricted funds | |||||||
| General fund | 51,591 | 11,630 | 63,221 | ||||
| TOTAL FUNDS | 51,591 | 11,630 | 63,221 |
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2021
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 138,220 | (126,590) | 11,630 |
| TOTAL FUNDS | 138,220 | (126,590) | 11,630 |
| Comparatives for movement in funds | Net | ||
| movement | |||
| At 1.4.19 | in funds | At 31.3.20 | |
| £ | £ | £ | |
| 07/03/22 15:49 Unrestricted Funds General fund 33,968 TOTAL FUNDS 33,968 Comparative net movement in funds, included in the above are as follows: Incoming |
17,623 17,623 Resources |
51,591 51,591 Movement in |
|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 151,224 | (133,601) | 17,623 |
| TOTAL FUNDS | 151,224 | (133,601) | 17,623 |
| A current year 12 months and prior year 12 | months combined position is as follows: | ||
| Net | |||
| movement | |||
| At 1.4.19 | in funds | At 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,968 | 29,253 | 63,221 |
| TOTAL FUNDS | 33,968 | 29,253 | 63,221 |
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2021
11. 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:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 289,444 | (260,191) | 29,253 |
| TOTAL FUNDS | 289,444 | (260,191) | 29,253 |
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Acorn 2 Oak Pre School
Detailed Statement of Financial Activities For The Year Ended 31st March 2021
| 07/03/22 15:49 INCOMING RESOURCES Voluntary income Gifts Donations Government Funding Activities for generating funds Fundraising events Fee Income Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Fundraising trading: cost of goods sold and other costs Purchases Wages Governance costs Other operating leases Accountancy Legal fees Other resources expended Computer Costs Cleaning Support costs |
2021 £ 2 261 125,469 125,732 2,262 10,203 12,465 23 138,220 3,158 106,258 109,416 587 550 473 1,610 1,006 946 1,952 |
2020 £ 2 494 128,556 |
|---|---|---|
| 129,052 2,302 19,818 |
||
| 22,120 52 |
||
| 151,224 7,835 111,864 |
||
| 119,699 - 870 430 |
||
| 1,300 1,074 1,267 |
||
| 2,341 |
This page does not form part of the statutory financial statements
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Acorn 2 Oak Pre School
Detailed Statement of Financial Activities For The Year Ended 31st March 2021
| 07/03/22 15:49 Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Training Finance Depreciation of tangible fixed assets Information technology Repairs and renewals Total resources expended Net income |
2021 £ 1,380 4,026 1,530 1,192 2,295 224 1,195 11,842 145 1,625 126,590 11,630 |
2020 £ 909 600 1,506 1,447 1,763 18 1,031 |
|---|---|---|
| 7,274 145 2,842 |
||
| 133,601 | ||
| 17,623 | ||
This page does not form part of the statutory financial statements
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