REGISTERED CHARITYNUMBER: 1029846
REPORT OF THE TRUSTEES AND EE TRUSTEES AND eeUNAUDITED FINANCIAL,NCIAL STATEMENTSSTATEMENTS NEDFOR THE YEAR ENDED 3131 AUGUSTAUGUST 20202020 FOR , LITTLE ACORNS PLAYGROUP SS BLAS PLAYGROUP
Lang Bennetts The Old Carriage Works Moresk Road TRURO Cornwall TRI 1DG
LITTLE ACORNS PLAYGROUP
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Page|
|Report of|the Trustees|I|to|2|
|Independent Examiner's Report|3|
|Statement of|Financial|Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6|to|11|
|Detailed Statement of|Financial Activities|12|to|13|
----- End of picture text -----
LITTLE ACORNS PLAYGROUP ——— Ns PLAYGROUP FOR REPORT OF THE TRUSTEES RES THE YEAR ENDEDENUED 3131 AUGUSTAUGUST 20202020 The trustees present their report with the financial statements ofthe charity for the year ended 31 August 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Ireland (FRS 102) (effective | January 2019), charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives are to enhance the development and education ofchildren under statutory school age by encouraging parents to understand and Provide for the needs oftheir children through community groups. grounds ofPenponds School. Little Acorns Playgroup offers ful] day care, incorporating pre-school, Operating from a Purpose built facility within the ACHIEVEMENT AND PERFORMANCE September 2019 saw Little Acorns intake ofpupils slightly down on 201 8, but still at a good level. accordingly,In the autumn term We were active with fundraising and making plans about our building which is requiring increasingly more maintenance. We had Plans drawn up by Mr Tom Collett for a completely new building and were planning fundraising More parents had taken up the governments 30 hour funding offer, it is working well for Little Acorns, We had to increase Staffnumbers to 10 at one Point, due to general pupil numbers and also the number of SEN children we had enrolled. All this changed however with the outbreak ofCovid 19. Most Staffwere furloughed for the rest ofthe academic year. Apart from the sessions they missed during this time, this also meant that the pupils Progressing to primary school did not have the usual ‘taster sessions' at their Prospective primary schools and also missed out on the end ofyear leavers party, In spite ofconcerns at the onset ofthe pandemic, we have, with Government help come through this and are looking forward to better times. Our plans re the building have had to be put on hold for now, but we look forward to a better 2020/2021. FINANCIAL REVIEW The number ofchildren attending was good at the start ofthe year. This meant that several sessions were full and this kept all the staff very busy. The 30 hours Government funding is having a positive effect for Little Acorns. We have had one member withofstaff the wageon Maternity bills, due since to being April. closed Betwee a n Aprild staff and Afurlo u ghed.gust 2020 we have been applying to the Job Retention Scheme to help current term,It is the policy which of the quates on charity to average maintain to unr a p e strictedriod of3liquid months, reserves to enable it to meet its day to day running costs for the
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document . The charity is controlled by its governing document, a deed oftrust and constitutes an unincorporated charity, Recruitment and appointment of new trustees Trustees are appointed on an annual basis at the AGM. Trustees have to be elected and seconded by a parent.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1029846 Principal address Penponds County Primary School Higher Penponds CAMBORNE Cornwall TRI4 0QN
Page |
LITTLE ACORNS PLAYGROUP ———— NS PLAYGROUP FOR REPORT OF THE TRUSTEES RR THE YEAR ENDEDED 3131 AUGUSTAUGUST 20202020
Trustees
F Burbery Chair O Stephens Vice Chair (appointed 22/1/2020) T Collett Treasurer Mrs S Rowe J Cudlip (appointed 22/1/2020) (resigned 11/8/2020) K Wood (appointed 7110/2020)
Independent Examiner Helen Hood FCCA Lang Bennetts The Old Carriage Works Moresk Road TRURO Cornwall TR1 IDG Approved by order ofthe board of trustees on fe fot. and signed on its behalf by: F Burbery - Trustee Wh. uy
:
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SELITTLE ACORNSSOURNS PLAYGROUPPLAYGROUP
Independent examiner's report to the trustees of Little Acorns Playgroup 311 report to theAugust 2020.charity trustees on my examination of the accounts of Little Acorns Playgroup (the Trust) for the year ended
Responsibilities and basis of report ofAsthe the Charities charity trustees Act 2011 of the(‘the Trust Act').you are responsible for the preparation ofthe accounts in accordance with the requirements
I report in respect ofmy examination ofthe Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) ofthe Act.
Independent examiner's statement I have completed my examination. I confirm that no material matters have come fo my attention in connection with the examination giving me cause to believe that in any material respect:
- 1, accounting records were not kept in respect ofthe Trust as required by section 130 ofthe Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
T 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 ofthe accounts to be reached,
Helen Hood FCCA Lang Bennetts The Old Carriage Works Moresk Road TRURO Cornwall TRI 1DG
Drab sscceassisssbtnennesnxrvvconvesvesexsaveisis
Page 3
.
SEMELLITTLE ACORNS PLAYGROUPENS PLAYGROUP
BALANCE SHEET 31 AUGUST 2020
| FIXED ASSETS Tangibleassets CURRENTASSETS Debtors Cashatbank andinhand |
Notes 7 8 |
Unrestricted fund £ 575 9,446 24,423 |
Restricted funds £ 43,471 “ - |
2020 Total funds £ 44,046 9,446 24,423 |
2019 Total funds £ 49,914 9,000 23,007 |
|---|---|---|---|---|---|
| CREDITORS | 33,869 | - | 33,869 | 32,007 | |
| Amountsfallingduewithinoneyear | 9 | (5,378) | - | (5,378) | (1,623) |
| NETCURRENTASSETS | 28,491 | - | 28,491 | 30,384 | |
| TOTALASSETSLESSCURRENT LIABILITIES |
|||||
| 29,066 | 43,471 | 72,537 | 80,298 | ||
| NETASSETS | |||||
| FUNDS Unrestricted funds |
10 | 29,066 | 43,471 | 72,537 | 80,298 |
| Restricted funds | 29,066 | 31,713 | |||
| TOTAL FUNDS | 43,471 | 48,585 | |||
| 72,537 | 80,298 |
wereThe financial signed on statements its behalf wereby: approved by the Board of Trustees and authorised for issue on tteseenenreeneetscneasesseeserensesscesscneee AUG
F Burbery - Trustee ~
The notes form part ofthese financial statements
Page 5
LITTLE ACORNS PLAYGROUP eS PLAYGROUP
.
STATEMENT OF FINANCIAL ACTIVITIES NFOR TH E YEARD ENDED 3131 AUGUSTAUGUST 20202020
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Unrestricted|2020|2019|
|fund|Restricted|Total|Total|
|Notes|funds|funds|funds|
|DonationsINCOME AND ENDOWMENTS FROM|£|£|5|£|
|and legacies|17,502|229|17,731|808|
|Charitable|activities|
|Charitable|activities|
|Activities|73,294|-|73,294|102,072|
|to generate funds|2|333|-|333|43|
|TotalInvestment income|3|13|-|13|15|
|91,142|229|91,371|102,938|
|EXPENDITURE ON|
|Raising funds|
|Charitable|activities|150|-|150|242|
|Charitable activities|
|costs|
|Governance|90,671|229|90,900|91,068|
|Other|2,214|3,114|7,328|1,988|
|Total|754|-|754|5,868|
|93,789|5,343|99,132|99,166|
|NET INCOME/(EXPENDITURE)|(2,647)|(5,114)|(7,761)|3,772|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|31,713|48,585|80,298|76,526|
|TOTAL FUNDS CARRIED FORWARD|29,066|43,47]|72,537|80,298|
----- End of picture text -----
The notes form part ofthese financial statements Page 4
LITTLE ACORNS PLAYGROUP ——S eas PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS REFOR THE YEAR END E D 3131 AUGUSTAUGUSTD 20202020
1
ACCOUNTING POLICIES
Basis ofpreparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been Prepared under the historical cost convention, Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer ofeconomic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 ofresources,
Tangible fixed assets Depreciation is provided at the following annual rates in order to write offeach asset Over its estimated usefil life. Modular building - Over the lease term Plant and machinery - 25% on cost Computer equipment ~ 33% on cost 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 ofthe trustees, Restricted funds can only be used for particular restricted purposes within the objects ofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes, Further explanation of the nature and purpose ofeach fund is included in the notes to the financial statements. Hire purchase and leasing commitments the period ofthe lease, Rentals paid under Operating leases are charged to the Statement of Financial Activities on a Straight line basis over Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement ofFinancial Activities in the period to which they relate,
Page 6
continued...
----- Start of picture text -----
||||||
|---|---|---|---|---|
|LITTLE ACORNS PLAYGROUP|
|ASE|OCURNS|PLAYGROUP|
|NOTES TO THE FINANCIAL STATEMENTS|
|FOR|-|continued|
|R THE YE|A|R ENDEDENDED|3131 AUGUSTRAUGUST|20202020|
|2,|ACTIVITIES TO GENERATE FUNDS|
|2020|2019|
|Fundraising|events|£|£|
|333|43|
|3.|INVESTMENT INCOME|
|2020|2019|
|Deposit|account|interest|E|£|
|13|15|
|4,|TRUSTEES' REMUNERATION AND BENEFITS|
|Trustees expenses|
|There were no|trustees! expenses paid for the year ended 3] August 2020 nor for the year ended 31 August 2019,|
|5.|STAFF COSTS|
|The average monthly number of|employees during the year|was as follows:|
|Support|2020|2019|
|10|10|
|No employees received emoluments|in excess of£60,000.|
|6.|COMPARATIVES FORTHE|STATEMENT OF FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|INCOME|£|£|£|
|Donations|AND ENDOWMENTS FROM|
|and legacies|808|-|808|
|Charitable|activities|
|Charitable activities|102,072|-|102,072|
|Activities to generate funds|43|-|43|
|Investment income|15|-|15|
|Total|102,938|-|102,938|
|EXPENDITURE ON|
|Raising funds|242|-|242|
|Charitable|activities|
|Charitable activities|91,068|-|91,068|
|Governance costs|1,988|-|1,988|
|Other|754|5,114|5,868|
|Total|94,052|5,114|99,166|
|NET INCOME/(EXPENDITURE)|8,886|(5,114)|3,772|
----- End of picture text -----
Page 7
continued...
LITTLE ACORNS PLAYGROUP ——— Ns PLAYGROUP
NOTES TO THE FINANCIAL STATEMENTS - continued 6. eTFOR THE YEAR ENDEDNED 3131 AUGUSTAUGUST 20202020
| 6. | NOTES TO THE FINANCIAL STATEMENTS - continuedTO THE FINANCIAL STATEMENTS - continuedTHE FINANCIAL STATEMENTS - continuedFINANCIAL STATEMENTS - continuedSTATEMENTS - continued- continuedcontinued FOR THE YEAR ENDEDNEDTHE YEAR ENDEDNEDYEAR ENDEDNEDENDEDNED3131 AUGUSTAUGUSTAUGUSTAUGUST20202020 eTFOR THE YEAR ENDEDNED NED31 AUGUSTAUGUSTAUGUST2020 |
NOTES TO THE FINANCIAL STATEMENTS - continuedTO THE FINANCIAL STATEMENTS - continuedTHE FINANCIAL STATEMENTS - continuedFINANCIAL STATEMENTS - continuedSTATEMENTS - continued- continuedcontinued FOR THE YEAR ENDEDNEDTHE YEAR ENDEDNEDYEAR ENDEDNEDENDEDNED3131 AUGUSTAUGUSTAUGUSTAUGUST20202020 eTFOR THE YEAR ENDEDNED NED31 AUGUSTAUGUSTAUGUST2020 |
NOTES TO THE FINANCIAL STATEMENTS - continuedTO THE FINANCIAL STATEMENTS - continuedTHE FINANCIAL STATEMENTS - continuedFINANCIAL STATEMENTS - continuedSTATEMENTS - continued- continuedcontinued FOR THE YEAR ENDEDNEDTHE YEAR ENDEDNEDYEAR ENDEDNEDENDEDNED3131 AUGUSTAUGUSTAUGUSTAUGUST20202020 eTFOR THE YEAR ENDEDNED NED31 AUGUSTAUGUSTAUGUST2020 |
NOTES TO THE FINANCIAL STATEMENTS - continuedTO THE FINANCIAL STATEMENTS - continuedTHE FINANCIAL STATEMENTS - continuedFINANCIAL STATEMENTS - continuedSTATEMENTS - continued- continuedcontinued | |||
|---|---|---|---|---|---|---|---|
| 6. | FOR THE YEAR ENDEDNEDTHE YEAR ENDEDNEDYEAR ENDEDNEDENDEDNED3131 AUGUSTAUGUSTAUGUSTAUGUST20202020 eTFOR THE YEAR ENDEDNED NED 31 AUGUSTAUGUST AUGUST 2020 COMPARATIVESFORTHE STATEMENTOFFINANCIALACTIVITIES-continued Unrestricted fund £ RECONCILIATIONOFFUNDS |
continued Restricted funds £ |
Total funds £ |
||||
| Totalfundsbroughtforward | |||||||
| 22,827 | 53,699 | 76,526 | |||||
| TOTALFUNDS CARRIEDFORWARD | 31,713 | 48.585 | 80,298 | ||||
| 7. | TANGIBLEFIXEDASSETS | ||||||
| COST AtISeptember2019and3]August2020 DEPRECIATION |
Modular building £ 84,383 |
Plantand machinery £ 9,028 |
Computer equipment £ 3,437 |
Totals £ 96,848 |
|||
| At 1 September2019 | |||||||
| Chargeforyear At31 August2020 |
35,798 3,114 |
7,873 652 |
3,263 102 |
46,934 5,868 |
|||
| NETBOOKVALUE | 40,912 | 8,525 | 3,365 | 52,802 | |||
| At31August2020 At31August2019 |
43,47] 48,585 |
503 1,155 |
72 174 |
44,046 49,914 |
|||
| 8. | DEBTORS:AMOUNTSFALLINGDUEWITHINONE YEAR | ||||||
| Trade debtors Otherdebtors Accrued income Prepayments |
2020 £ - 5,333 3,436 |
2019 £ 8,579 42] - |
|||||
| 677 | |||||||
| - | |||||||
| 9,446 | 9,000 |
Page 8
continued...
LITTLE ACORNS PLAYGROUP
NOTESFOR TO THE FINANCIAL STATEMENTS- continued SAE THE YEARCR AR ENDEDENDED 3131 AUGUSTAUGUST 20202020
10. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|Unrestricted|funds|£|£|£|
|General fund|102,938|(94,052)|8,886|
|Restricted|funds|
|Property fund|
|~|(5,114)|(5,114)|
|TOTAL FUNDS|102,938|(99,166)|3,772|
|A current year 12 months and prior year|12 months combined|position|is as follows:|
|Net|
|At|movement|At|
|1/9/18|in funds|31/8/20|
|Unrestricted|funds|Fs|£|£|
|General fund|22,827|6,239|29,066|
|Restricted|funds|
|Property fund|53,699|(10,228)|43,47]|
|TOTAL FUNDS|76,526|(3,989)|72,537|
----- End of picture text -----
follows:A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|£|£|£|
|General fund|194,080|(187,841)|6,239|
|Restricted|funds|
|Property fund|
|Playgroup|-|(10,228)|(10,228)|
|Grant|229|(229)|-|
|229|(10,457)|(10,228)|
|TOTAL FUNDS|194,309|(198,298)|(3,989)|
----- End of picture text -----
Page 10
continued...
SESELITTLE ACORNSSLUNG PLAYGROUPELAYGROUP NOTESFOR TO THE FINANCIAL STATEMENTS- continued SSE THE YEARBEAR ENDEDENDED 3131 AUGUSTAUGUST 20202020
9, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2020|2019|
|Trade|creditors|fe|£|
|Taxation and social|security|-|84|
|Other creditors|-|239|
|5,378|1,300|
|5,378|1,623|
|10.|MOVEMENT IN FUNDS|
|Net|
|At|movement|At|
|1/9/19|in|funds|31/8/20|
|Unrestricted|funds|£|£|£|
|General fund|31,713|(2,647)|29,066|
|Restricted|funds|
|Property fund|48,585|(5,114)|43,471|
|TOTAL FUNDS|80,298|(7,761)|72,537|
|Net movement in funds,|included|in the above are as follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|£|£|£|
|General fund|91,142|(93,789)|(2,647)|
|Restricted|funds|
|Property fund|
|Playgroup|-|(5,114)|(5,114)|
|Grant|229|(229)|-|
|229|(5,343)|(5,114)|
|TOTAL FUNDS|91,371|(99,132)|(7,761)|
|Comparatives|for movement in funds|
|Net|
|At|movement|At|
|1/9/18|in funds|31/8/19|
|Unrestricted|funds|£|£|£|
|General fund|22,827|8,886|31,713|
|Restricted|funds|
|Property fund|53,699|(5,114)|48,585|
|TOTAL FUNDS|76,526|3,772|80,298|
----- End of picture text -----
Page 9
continued...
SELLELITTLE ACORNS PLAYGROUPACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR - continued EE THE YEARCAR ENDEDENDED 3131 AUGUSTAUGUST 20202020
- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 3] August 2020.
- PURPOSE OF RESTRICTED FUNDS
Cornwall Council Early Years Access to Learning Grant: Grant toward improving resources within the centre and speciife support for children within the group. Property Fund: The property fund consists of the current net book value of the property which the charity uses in the only, course ofthe operation of its day to day activities. The charity is bound to use the property for its charitable purpose
Page 11
LITTLE ACORNS PLAYGROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
| FOR THE YEAR ENDED 31 AUGUST 2020THE YEAR ENDED 31 AUGUST 2020YEAR ENDED 31 AUGUST 2020ENDED 31 AUGUST 202031 AUGUST 2020 | FOR THE YEAR ENDED 31 AUGUST 2020THE YEAR ENDED 31 AUGUST 2020YEAR ENDED 31 AUGUST 2020ENDED 31 AUGUST 202031 AUGUST 2020AUGUST 20202020 | |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| INCOMEANDENDOWMENTS | ||
| Donationsandlegacies | ||
| Donations Grants CJRS-furloughgrant |
- 1,352 16,379 |
808 - - |
| 17,731 | 808 | |
| Activities togeneratefunds | ||
| Fundraisingevents | 333 | 43 |
| Investmentincome | ||
| Depositaccount interest | 13 | 15 |
| Charitable activities | ||
| Feesfromparents Feesfrom Council Lunch sessions Clubsandtrips |
5,575 65,608 1,415 696 |
13,973 81,313 4,410 2,376 |
| 73,294 | 102,072 | |
| Totalincomingresources | 91,371 | 102,938 |
| EXPENDITURE | ||
| Othertrading activities | ||
| Fundraisingexpenses | 150 | 242 |
| Charitable activities | ||
| Wages Pensions |
72,466 367 |
74,022 - |
| Agency/supply staff | 2,220 | - |
| Ratesand water | 2,062 | 516 |
| Insurance Lightand heat Telephone |
827 534 847 |
1,130 1,391 750 |
| Postageand stationery Maintenance Sundries Foodandmilk Equipmentandmaterials Cleaningandwastedisposal Club andtripcosts |
1,016 1,369 2,731 1,649 1,810 1,365 1,421 |
1,517 791 2,094 2,195 2,933 1,543 2,186 |
| 90,684 | 91,068 |
Support costs
This page does not form part of the statutory financial statements
Page 12
LITTLE ACORNS PLAYGROUP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020
----- Start of picture text -----
|||||
|---|---|---|---|
|2020|2019|
|Support|[costs]|£|£|
|Management|
|Freehold property|depreciation|5,114|5,114|
|Plant & machinery|depreciation|652|652|
|Dep'n ofcomputer equipment|102|102|
|5,868|5,868|
|Governance|costs|
|Accountancy and|legal fees|2,430|1,988|
|Total|resources expended|99,132|99,166|
|Net (expenditure)/income|(7,761)|3,772|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 13