**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** **----- Start of picture text -----**
Page
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 **----- Start of picture text -----**
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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: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. 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 **----- Start of picture text -----**
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Date: ............................................. Page 3 **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| Page 6 **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. Page 7 **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**|| Page 8 **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**| Page 9 **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**| ||07/03/22 15:49||| Page 10 **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 Page 11 **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 Page 12