REGISTERED CHARITY NUMBER: 1029700
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Acorn 2 Oak Pre School
Acorn 2 Oak Pre School
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Acorn 2 Oak Pre School
Report of the Trustees
for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
(England and Wales)
Registered Charity number
1029700
Registered office
Acorn 2 Oak Pre School Dryden Road Ipswich Suffolk IP1 6QD
Trustees
S Wardrop C Knights J Brittain (appointed 22.5.24) K Claydon (appointed 22.5.24) K Noble (appointed 22.5.24) J Williams M Pearson J Compton
Charlotte Knights
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
22 Jul 2025
............................................................ Trustee
Page 1
Independent Examiner's Report to the Trustees of Acorn 2 Oak Pre School
Independent examiner's report to the trustees of Acorn 2 Oak Pre School ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 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.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I 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.
Alistair Porter FMAAT Suffolk Tax Accountants Ltd 9 Byford Court Crockatt Road Hadleigh Suffolk IP7 6RD
22 Jul 2025
Date: .............................................
Page 2
Acorn 2 Oak Pre School
Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS FROM Notes 31.3.25 Unrestricted fund £ Donations and legacies 187,050 Other trading activities 2 26,606 Investment income 3 715 Total 214,371 EXPENDITURE ON Raising funds 160,112 Other 29,978 Total 190,090 NET INCOME 24,281 RECONCILIATION OF FUNDS Total funds brought forward 86,761 TOTAL FUNDS CARRIED FORWARD 111,042 |
31.3.24 Total funds £ 158,251 25,878 672 |
|---|---|
| 184,801 | |
| 145,550 20,896 |
|
| 166,446 | |
| 18,355 68,406 86,761 |
The notes form part of these financial statements
Page 3
Acorn 2 Oak Pre School
Balance Sheet
31 March 2025
| FIXED ASSETS Notes 31.3.25 Unrestricted fund £ Tangible assets 8 346 CURRENT ASSETS Debtors 9 110 Cash at bank and in hand 113,441 113,551 CREDITORS Amounts falling due within one year 10 (2,855) NET CURRENT ASSETS 110,696 TOTAL ASSETS LESS CURRENT LIABILITIES 111,042 NET ASSETS 111,042 FUNDS Unrestricted funds 11 111,042 TOTAL FUNDS 111,042 |
31.3.24 Total funds £ - - 88,632 88,632 (1,871) 86,761 86,761 86,761 86,761 86,761 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 4
continued...
Acorn 2 Oak Pre School
Balance Sheet - continued 31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on Charlotte Knights ............................................. and were signed on its behalf by:
22 Jul 2025
............................................. 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 31 March 2025
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 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.
- Fixtures and fittings 25% on reducing balance
Taxation
The charity is exempt from corporation 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for 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.
Page 6
continued...
Acorn 2 Oak Pre School
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. OTHER TRADING ACTIVITIES
| Fundraising events Fee Income 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
31.3.25 £ 4,215 22,391 26,606 31.3.25 £ 715 31.3.25 £ 8 - |
31.3.24 £ 3,278 22,600 25,878 31.3.24 £ 672 31.3.24 £ - 138 |
|---|---|---|
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
6. STAFF COSTS
| 31.3.25 Wages and salaries £ 152,354 152,354 The average monthly number of employees during the year was as follows: 31.3.25 Total 9 |
31.3.24 £ 138,085 |
|---|---|
| 138,085 | |
31.3.24 9 |
No employees received emoluments in excess of £60,000.
Page 7
continued...
Acorn 2 Oak Pre School
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 158,251 |
| Other trading activities | 25,878 |
| Investment income | 672 |
| Total | 184,801 |
| EXPENDITURE ON | |
| Raising funds | 145,550 |
| Other | 20,896 |
| Total | 166,446 |
| NET INCOME | 18,355 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 68,406 |
| TOTAL FUNDS CARRIED FORWARD | 86,761 |
Page 8
continued...
Acorn 2 Oak Pre School
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 8. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2024 | 578 | ||
| Additions | 354 | ||
| At 31 March 2025 | 932 | ||
| DEPRECIATION | |||
| At 1 April 2024 | 578 | ||
| Charge for year | 8 | ||
| At 31 March 2025 | 586 | ||
| NET BOOK VALUE | |||
| At 31 March 2025 | 346 | ||
| At 31 March 2024 | - | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Other Debtors | 110 | - | |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.25 | 31.3.24 | ||
| £ | £ | ||
| Social security and other taxes | 1,655 | 1,145 | |
| Other creditors | - | 526 | |
| Accrued expenses | 1,200 | 200 | |
| 2,855 | 1,871 |
Page 9
continued...
Acorn 2 Oak Pre School
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS
| Net movement At 1.4.24 in funds £ £ Unrestricted funds General fund 86,761 24,281 TOTAL FUNDS 86,761 24,281 Net movement in funds, included in the above are as follows: Incoming resources £ Resources expended £ Unrestricted funds General fund 214,371 (190,090) TOTAL FUNDS 214,371 (190,090) Comparatives for movement in funds Net movement Unrestricted funds At 1.4.23 £ in funds £ General fund 68,406 18,355 TOTAL FUNDS 68,406 18,355 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Resources expended £ Unrestricted funds General fund 184,801 (166,446) TOTAL FUNDS 184,801 (166,446) |
At 31.3.25 £ 111,042 111,042 Movement in funds £ 24,281 24,281 At 31.3.24 £ 86,761 86,761 Movement in funds £ 18,355 18,355 |
|---|---|
Page 10
continued...
Acorn 2 Oak Pre School
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1.4.23 in funds £ £ 68,406 42,636 68,406 42,636 |
At 31.3.25 £ 111,042 111,042 |
|---|---|---|
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 TOTAL FUNDS |
Incoming resources £ 399,172 399,172 |
Resources expended £ (356,536) (356,536) |
Movement in funds £ 42,636 42,636 |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 11
Acorn 2 Oak Pre School
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| INCOME AND ENDOWMENTS Donations and legacies Grants Other trading activities Fundraising events Fee Income Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Purchases Wages Other Computer costs Cleaning Travel Support costs Management Rates and water Insurance Light and heat Telephone Postage and stationery Training Staff welfare |
31.3.25 £ 187,050 4,215 22,391 26,606 715 214,371 7,758 152,354 160,112 1,499 1,855 - 3,354 1,403 5,712 3,060 1,243 777 1,298 1,331 14,824 |
31.3.24 £ 158,251 3,278 22,600 |
|---|---|---|
| 25,878 672 |
||
| 184,801 7,465 138,085 |
||
| 145,550 738 1,609 48 |
||
| 2,395 1,248 6,321 1,871 1,138 1,073 1,268 961 |
||
| 13,880 |
This page does not form part of the statutory financial statements
Page 12
Acorn 2 Oak Pre School
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Management Finance Bank charges Fixtures and fittings HMRC interest Information technology Repairs and renewals Other Exceptional items Governance costs Other operating leases Accountancy fees Legal fees Total resources expended Net income |
31.3.25 £ 357 8 1 366 2,623 6,017 - 2,554 240 2,794 190,090 24,281 |
31.3.24 £ 359 - - |
|---|---|---|
| 359 2,417 - 138 1,356 351 |
||
| 1,845 | ||
| 166,446 | ||
| 18,355 |
This page does not form part of the statutory financial statements
Page 13
Issuer
Issuer Suffolk Tax Accountants Ltd Document generated Fri, 18th Jul 2025 8:37:45 BST Document fingerprint 46551e4accc3fcf36e843e484b3a7203
Parties involved with this document
Document processed
Party + Fingerprint
Tue, 22nd Jul 2025 8:13:31 BST Tue, 22nd Jul 2025 8:19:32 BST Tue, 22nd Jul 2025 8:19:33 BST
Mrs Charlotte Knights - Signer (fb2b95c355e49016d75976894a118cd1) Alistair Porter - Signer (e39d6940e22e0d30a7564ecdf5419d35) Claire Orriss - Copied In (f84f06dd3bbfb6ed666c066fab24c9f3)
Audit history log
Date
Action
Fri, 18th Jul 2025 8:37:45 BST Envelope generated with fingerprint 9e171c55c9a38348e49dd628d1564a8a (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Document generated with fingerprint 09d2ea48c9f7afc7e5ff568176e8bcff. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Document generated with fingerprint 46551e4accc3fcf36e843e484b3a7203. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Document generated with fingerprint b9201a5baba4d11ee611dc150ffdb727. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Document generated with fingerprint 252affc6dd1b7557d24d6caf8beb6f43. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Mrs Charlotte Knights has been assigned to this envelope. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Alistair Porter has been assigned to this envelope. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Claire Orriss has been assigned to this envelope. (35.176.231.177) Fri, 18th Jul 2025 8:37:45 BST Envelope has been set to automatically remind the active signer every 3 day(s). (35.176.231.177) Fri, 18th Jul 2025 8:37:55 BST Envelope generated Fri, 18th Jul 2025 8:37:55 BST Sent the envelope to Mrs Charlotte Knights for signing Fri, 18th Jul 2025 8:37:56 BST Document emailed to party email Mon, 21st Jul 2025 8:39:49 BST Document emailed to party email Tue, 22nd Jul 2025 8:11:07 BST Mrs Charlotte Knights viewed the envelope (94.7.162.147)
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Mrs Charlotte Knights viewed the envelope (94.7.162.147) Mrs Charlotte Knights viewed the envelope (94.7.162.147) Mrs Charlotte Knights signed the envelope (94.7.162.147) Sent the envelope to Alistair Porter for signing (94.7.162.147) Document emailed to party email Alistair Porter viewed the envelope (165.120.143.216) Alistair Porter signed the envelope (165.120.143.216) Sent the envelope to Claire Orriss for signing (165.120.143.216) This envelope has been signed by all parties (165.120.143.216) Document emailed to party email