REGISTERED CHARITY NUMBER: 1029700
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st March 2023 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 2023
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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 2023
The trustees present their report with the financial statements of the charity for the year ended 31st March 2023. 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
J Coe ChairPerson C Turner Treasurer - resigned 1/4/2022 R Boycova Secretary - resigned 1/4/2022 C Collingson Committee Member- resigned 1/4/2022 S Wardrop Committee Member M Pearson Committee Member J Williams Committee Member E Theobald Committee Member- resigned 1/4/2022 Mrs C Knights Treasurer - appointed 1/4/2022 Mrs N Sturman Committee Member- appointed 1/4/2022 Mrs J Robinson - appointed 1/4/2022 Mrs J Compton Secretary - appointed 1/4/2022 Mrs T Harris - appointed 1/4/2022 Mrs K Noble Committee Member- appointed 1/4/2022
Independent examiner
John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 0NL
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 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................. J Coe - Trustee
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 2023, 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
Date: .............................................
Page 3
Acorn 2 Oak Pre School
Statement of Financial Activities For The Year Ended 31st March 2023
| 2023 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 158,134 Activities for generating funds 2 17,223 Investment income 3 205 Total incoming resources 175,562 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 4 19,136 Fundraising trading: cost of goods sold and other costs 152,192 Governance costs 2,660 Other resources expended 3,731 Total resources expended 177,719 NET INCOMING/(OUTGOING) RESOURCES (2,157) RECONCILIATION OF FUNDS Total funds brought forward 70,563 TOTAL FUNDS CARRIED FORWARD 68,406 |
2022 Total funds £ 126,093 19,947 4 146,044 15,874 117,532 2,568 2,728 138,702 7,342 63,221 70,563 |
|---|---|
The notes form part of these financial statements
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Acorn 2 Oak Pre School
Balance Sheet At 31st March 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 - CURRENT ASSETS Debtors 8 337 Cash at bank and in hand 71,031 71,368 CREDITORS Amounts falling due within one year 9 (2,962) NET CURRENT ASSETS 68,406 TOTAL ASSETS LESS CURRENT LIABILITIES 68,406 NET ASSETS 68,406 FUNDS 10 Unrestricted funds 68,406 TOTAL FUNDS 68,406 |
2022 Total funds £ 144 535 76,341 76,876 (6,457) 70,419 70,563 70,563 70,563 70,563 |
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The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
............................................. J Coe -Trustee
The notes form part of these financial statements
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Acorn 2 Oak Pre School
Notes to the Financial Statements For The Year Ended 31st March 2023
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.
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 |
2023 £ 4,667 12,556 17,223 |
2022 £ 4,114 15,833 19,947 |
|---|---|---|
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2023
3. INVESTMENT INCOME
| Deposit account interest | 2023 2022 £ £ 205 4 |
|---|---|
| 4. COSTS OF GENERATING VOLUNTARY INCOME Support costs |
2023 2022 £ £ 19,136 15,874 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
6. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: |
2023 £ 135,039 2023 - |
2022 £ 112,185 2022 - |
|---|---|---|
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 2023
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7. TANGIBLE FIXED ASSETS
Fixtures and
fittings
£
COST
At 1st April 2022 and 31st March 2023 578
DEPRECIATION
At 1st April 2022 434
Charge for year 144
At 31st March 2023 578
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 144
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 337 535
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 396 395
Other creditors 2,566 6,062
2,962 6,457
10. MOVEMENT IN FUNDS
Net
movement
At 1.4.22 in funds At 31.3.23
£ £ £
Unrestricted funds
General fund 70,563 (2,157) 68,406
TOTAL FUNDS 70,563 (2,157) 68,406
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2023
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources Movement resources expended in funds £ £ £ 175,562 (177,719) (2,157) |
Incoming Resources Movement resources expended in funds £ £ £ 175,562 (177,719) (2,157) |
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| TOTAL FUNDS | 175,562 (177,719) (2,157) |
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| Comparatives for movement in funds Unrestricted Funds General fund |
Net movement At 1.4.21 in funds At 31.3.22 £ £ £ 63,221 7,342 70,563 |
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| TOTAL FUNDS | 63,221 7,342 70,563 |
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| Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement in resources expended funds £ £ £ Unrestricted funds General fund 146,044 (138,702) 7,342 |
||
| TOTAL FUNDS | 146,044 (138,702) 7,342 |
|
| A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.21 in funds At 31.3.23 £ £ £ Unrestricted funds General fund 63,221 5,185 68,406 |
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| TOTAL FUNDS | 63,221 5,185 68,406 |
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Acorn 2 Oak Pre School
Notes to the Financial Statements - continued For The Year Ended 31st March 2023
10. 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 |
Incoming Resources resources expended £ £ 321,606 (316,421) |
Movement in funds £ 5,185 |
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| TOTAL FUNDS | 321,606 (316,421) |
5,185 |
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Acorn 2 Oak Pre School
Detailed Statement of Financial Activities For The Year Ended 31st March 2023
| INCOMING RESOURCES Voluntary income 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 & professional fees Other resources expended Computer Costs Cleaning Travel Support costs |
2023 £ 759 157,375 158,134 4,667 12,556 17,223 205 175,562 17,153 135,039 152,192 396 1,254 1,010 2,660 2,301 1,430 - 3,731 |
2022 £ 284 125,809 126,093 4,114 15,833 19,947 4 146,044 5,347 112,185 117,532 396 984 1,188 2,568 1,204 1,471 53 2,728 |
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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 2023
| Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Training Staff Welfare Finance Bank charges Depreciation of tangible fixed assets Information technology Repairs and renewals Total resources expended Net (expenditure)/income |
2023 £ 1,017 4,696 1,517 770 1,882 1,732 1,412 984 14,010 386 145 531 4,595 177,719 (2,157) |
2022 £ 628 4,260 1,528 1,236 1,358 469 2,105 - 11,584 34 145 179 4,111 138,702 7,342 |
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This page does not form part of the statutory financial statements
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