.IIRIS Digitally Signed Docunient Document ID: 4DBC232F033BFD Documeiit Details: ilename: AC0002-Charity accounts (draft)-KL- 20240515-093200-764.PDF C'lient ot,: John Phillips & Co Lirnited Sigynature Details Name: Jennifer Coe Dutl, & 'l'iniL': 1510512024 10:01:09 AM (BST) IP Address: 194.80.204.233 Acom 2 Oak Pre School confim)s that the inforn]ation is correct and complete to the best o their knowledge and belief, Sigiiing Stgtement: Digital C'ertificate "rhe appi'oved l)l)I,' filc has bLLn IliL)itally ccrtificd. Please cheLk tli¢ l)i&iitdl L'¢rtifi¢dt¢ iiif()rmdti()n iii yiiur J)l)I ViLWLr t() vLrify thL I')igiit<il C.ertific(]tC <lUthLnticity anil IhL I)Dl.,' has ii()t l)Lknn lainpered witli. On behaif()f: John Phillips & Co Lirnited PDF digillll certilicate: IRIS Software Group Limited Digital CLrtificate issued by: Globalsign Please keep a copy of this document for your records.
REGISTERED CHARITY NUMBER: 1029700 Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st March 2024 for Acorn 2 Oak Pre School John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 ONL
Acorn 2 Oak Pre School Contents of the Financial Statements For The Year Ended 31st March 2024 Page Report of the Trustees I to2 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 6t0 10 Detailed Statement of Financial Activities
Acorn 2 Oak Pre Scbool Report of the Trustees For The Year Ended 31st March 2024 The trustees present their report with the financial statements of the charity for thc year ended 3 1st March 2024. The trustees have adopted the provisions of ihe 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 IPI 6QD Trustee8 Jcoe S Wardrop M Pearson J Williams Mrs C Knights Mrs N Sturman Mrs J Robinson Mrs J Compton Mrs T Harris Mrs K Noble ChairPerson Committee Member Committee Member Committee Member Treasur¢r Committee Member Secretary Committee Member Independent examiner John Phillips & Co Limited Accountants Unit 81 Centaur Court Claydon Business Park Gt. Blakenham Ipswich Suffolk IP6 ONL STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a decd 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 appropriatc controls are in placc to provide reasonable assurance against fraud and error. Page I
Acorn 2 Oak Pre School Report of the Trnstees For The Year Ended 31st March 2024 Approved by order of the board of trustees on 22nd June 2024 and signed on its behalf by: J Coe - Trustee Page 2
Independent Examiner's Report to the Trustees of Aeorn 2 Oak Pre School I report on the accounts for the year ended 31 st March 2024, 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 attenlion giving me cause to believe.. that accounting records were not kept as required by section 130 of the Act. or that the accounts do not accord with those records. or that the accounts do not comply with the accounting requirements of the Act. or 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 rnatters (l ) 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 ONL 24th June 2024 Page 3
Acorn 2 Oak Pre School Statement of Financial Activities For The Year Ended 31st March 2024 2024 2023 Total funds Unrestricted fund Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds Investm¢nt income 158,251 25078 672 158,134 17,223 205 Total fincoming resources 184,801 175,562 RESOURCES EXPENDED Costs of generAting funds Costs of g¢n¢rating voluntary income Fundraising trading: cost of goods sold and other costs Governance costs Other resources expended 16,656 19,136 145,550 1,845 2,395 152,192 2,660 3,731 Tolal resources expended 166,446 177,719 IYET INCOMINGI(OUTGOING) RESOURCES 18J55 (2,157) RECONCILIATION OF FUNDS Total funds brought forward 68,406 70,563 TOTAL FUNDS CARRIED FORWARD 86,761 68,406 The notes forni part of these financial statements Page 4
Acorn 2 Oak Pre School Balance Sheet At 31st March 2024 2024 Unrestricted fund 2023 Total funds Notes CURRENT ASSETS Debtors Cash at bank and in hand 337 71,031 88,632 88,632 71,368 CREDITORS Amounts falling du¢ within one year (1,871) {2.962} NET CURRENT ASSETS 86,761 68,406 TOTAL ASSETS LESS CURRENT LIABILITIES 86,761 68,406 NET ASSETS 86,761 68,406 FUNDS Unrestricted funds 10 86,761 68,406 TOTAL FUNDS 86,761 68,406 The financial statements were approved by the Board of Trustees on 22nd June 2024 and were signed on its behalf by: J Coe -Trustee The notes forn) part of these financial statements Page 5
Acorn 2 Oak Pre School Notes to the Financial Statements For The Year Ended 31st March 2024 ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Flnancial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 201 l 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 entilled 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 exernpt from tax on its charitable activities. Fund accounting Unrestri¢t¢d 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 fndS are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is iticluded 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. ACTIVITIES FOR GENERATING FUNDS 2024 2023 Fundraising events Fee Income 3,278 22,600 4,667 12,556 25,878 17,223 Page 6
Aeorn 2 Oak Pre School Notes to the Financial Statements - continued For The Year Ended 31st March 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 672 205 COSTS OF GENERATING VOLUNTARY INCOME 2024 2023 Support costs 16,656 19.136 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st March 2024 nor for the year ended 3 1st March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 st March 2024 nor for the year ended 3 1st March 2023. STAFF COSTS 2024 2023 Wages and salaries 138,085 135,039 The average monthly number of employees during the year was as follows: 2024 2023 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 Mareh 2024 TANGIBLE FIXED ASSETS Fixtures and fittings COST At I st April 2023 and 3 1st March 2024 578 DEPRECIATION At 1st April 2023 and 3 1st March 2024 578 NET BOOK VALUE At 31 st March 2024 At 31 st March 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Oth¢r debtors 337 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors 396 2,566 1,871 1,871 2,962 10. MOVEMENT IN FUNDS Net movement in funds At 1.4.23 At 31.3.24 Unreslrieted funds General fund 68,406 18J55 86,761 TOTAL FUNDS 68,406 18,355 86,761 Page 8
Acorn 2 Oak Pre School Notes to the Financial Statements - continued For The Year Ended 31st March 2024 10. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 184,801 (166,446) 18a55 TOTAL FUNDS 184,801 (166,446) 18,355 CompAratives for movement in funds Net movement in funds At 1.4.22 At 31.3.23 Unrestricted Funds General fund 70,563 (2,157) 68,406 TOTAL FUNDS 70,563 (2,157) 68,406 Comparative net movement in funds, included in the above are as follows: IncoThiThg resfjurces Resources Movement in expended funds Unrestricted funds General fund 175,562 (177,719) (2,157) TOTAL FUIYDS 175,562 (177,719) (2,157) A current year 12 months and prior year 12 months combined position is as follows: Net movement in fund5 t 1.4.22 At 31.3.24 Unrestricted funds General fund 70,563 16,198 86,761 TOTAL FUNDS 70,563 16,198 86,761 Page 9
Acorn 2 Oak Pre School Notes to the Financial Statements - continued For The Year Ended 31st March 2024 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: Incoming Resources resources expended Movement in funds Unrestricted funds General fund 360,363 (344,165) 16,198 TOTAL FUNDS 360,363 (344,165) 16,198 Page 10
Acorn 2 Oak Pre School Detailed Statement of Financial Activities For The Year Ended 31st March 2024 2024 2023 INCOMING RESOURCES Voluntary income Donations Government Funding 759 157,375 158,251 158,251 158,134 Activities for generating funds Fundraising events Fee Income 3,278 22,600 4,667 12,556 25,878 17,223 Investment income Deposit account interest 672 205 Total incoming resources 184,801 175,562 RESOURCES EXPENDED Fundraising trading: cost of goods sold and other co8t8 Purchases Wag¢s 7,465 138,085 17,153 135,039 145,550 152,192 Governance eosts Other operating leases Accountancy Legal & professional fees 138 lJ56 351 396 1,254 1,010 1,845 2,660 Other resources expended Computer Costs Cleaning Travel 738 1,609 48 2,301 1,430 2,395 3,731 Support costs This page does not fomi part of the statutory fin&ncial statements Pagell
Acorn 2 Oak Pre School Detailed Statement of Financial Activities For The Year Ended 31st March 2024 2024 2023 Management Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Training Staff Welfare 1,248 6,321 1,871 1,138 1,073 1,017 4,696 1,517 770 1,882 1,732 1,412 984 1,268 961 13,880 14,010 Finance Bank Charges Depreciation of tangible fixed assets 359 386 145 359 531 Information technology Repairs and renewals 2,417 4,595 Total resource8 expended 166,446 177,719 Net incomel(expenditure) 18,355 (2,157) This page does not forni part of the statutory financial staternents Page 12