Little Acorns Chairpersons report 2021/2022
With the 2021/2022 financial results in mind we proceeded with caution into the new academic year.
With the condition of our building in mind we pursued several avenues, for possible grants to improve condition of the building. The one that was successful was with Cornwall Council and we received funding from central government via Cornwall Council for a new roof.
Pupil numbers were good for September with a close eye being kept on the finances. Myself and the treasurer are receiving a monthly profit and loss statement which I find very useful.
The staff are working very hard as always and morale is good. The manager Mrs Claire King started her maternity leave in July and will be on leave until summer of 2023. Mrs Lousia Harris and Ms Jodie Thomas (both Assistant Managers) took over the day to day running of the Little Acorns with Mrs King available to answer any queries.
To further economise we have changed our accountant and on advice from the Charities Commission we now have a simple profit and loss accounts compiled as opposed to the full audit that we have had, unnecessarily as it now turns out The result therefore at the end of this year is a small profit, which is much better than last year’s result.
We are planning to increase our hourly fees as we seem to have fallen behind when compared with other local settings. Our fundraising committee is very active and we hope to follow on from the new roof by insulating and re-cladding the exterior of the building. This was recommended by Cornwall Council when they visited to look at the roof and is what they are doing with their buildings of a similar construction to extend their life.
Frank Burbery Chairperson Little Acorns Preschool
Penponds
Management Report
Little Acorns Pre-School For the period ended 31 August 2022
Prepared on 17 May 2023
For management use only
Table of Contents
Financial Activities............................................................................................................................................3 Balance Sheet..................................................................................................................................................4
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Financial Activities
September 2021 - August 2022
| Financial Activities September 2021 - August 2022 |
|
|---|---|
| Total | |
| INCOME | |
| Charitable activites | 1,829.25 |
| Fees from parents | 6,671.87 |
| Funding CCC | 66,411.10 |
| Interest Received | 3.83 |
| Lunch time | 1,003.50 |
| Sports 4 Tots | 1,603.00 |
| Total Income | 77,522.55 |
| TOTAL | 77,522.55 |
| EXPENDITURES | |
| Agency/Supply Staff | 84.34 |
| Bank charges | 24.00 |
| Cleaning | 332.45 |
| Employer pension contribution | 1,010.28 |
| Employers NIC | 203.03 |
| Energy | 747.77 |
| Gross wages | 58,756.04 |
| Hygiene | 220.24 |
| Insurances | 1,607.18 |
| Maintenance | 1,612.43 |
| non domestic rates | 481.28 |
| pest control | 398.66 |
| Phone Costs | 1,021.93 |
| Printing, Postage and Stationery | 1,066.96 |
| Professional Fees | 2,389.40 |
| Raising funds | 365.13 |
| Refuse | 538.07 |
| SMP | -325.80 |
| Sports 4 Tots Costs | 1,469.25 |
| staff training and costs | 852.14 |
| Subscription | 566.66 |
| Sundry Supplies | 2,332.69 |
| Utilities | 363.76 |
| Total Expenditures | 76,117.89 |
| NET OPERATING INCOME | 1,404.66 |
| OTHER INCOME | |
| Grants | 452.03 |
| Total Other Income | 452.03 |
| NET OTHER INCOME | 452.03 |
| NET INCOME/(EXPENDITURE) | £1,856.69 |
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Little Acorns Pre-School
Balance Sheet
As of August 31, 2022
Total
| Total | |
|---|---|
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| Current Account | 5,572.00 |
| Refund | -1,132.84 |
| Reserve Account | 8,444.62 |
| Savings Account | 2,782.48 |
| Total Cash at bank and in hand | 15,666.26 |
| DEBTORS | |
| Debtors | 378.87 |
| Total Debtors | 378.87 |
| NET CURRENT ASSETS | 16,045.13 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| Trade Creditors | |
| Creditors | 777.76 |
| Total Trade Creditors | 777.76 |
| Current Liabilities | |
| PAYE/ NIC | 1,765.10 |
| Pension control | 1,002.90 |
| Total Current Liabilities | 2,768.00 |
| Total Creditors: amounts falling due within oneyear | 3,545.76 |
| NET CURRENT ASSETS(LIABILITIES) | 12,499.37 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 12,499.37 |
| TOTAL NET ASSETS (LIABILITIES) | £12,499.37 |
| CHARITY FUNDS | |
| Opening balance | -78.62 |
| Opening bank balances | 10,721.30 |
| Retained Earnings | 0.00 |
| Surplus/(Deficit) | 1,856.69 |
| Total Charity funds | £12,499.37 |
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Little Acorns Pre-School
CHARITY COMMISSION FOR ENGLAND ANO WALE5 Independent examinerfs report on the accounts Section A Indep.endEnt ExaminePs Report Report tothe truste nwnbers of L IrrLE Acaqrus PLAYGROUP On aGcourts forthe year ended 31StAu&usr ao21 Charity no (if any) 10198L6 Set out on pages 1/1 Respective The charitys trusiees are re5w1nble for the preparation ofthe acctyjnts in responsibilities of accordance wtth the chariti 2011 (Ih8Acr). trustees and examiner The ch*?IVs tee$ consider Ihat an audit is not required forthis year under section 144 of the Act arKJ Ihat an indeperxlent examination is needed. he d)aritrfs grDSS incorre exceeded £250.000 and l am qualjfied lo undertake the examination by being a quafrfied member of Inamed bodyll. Delgte [ ] rfnotapplicab It is my reSpOnbillLytO. examine the accounts urKler se 145 ofthe Charities Act, to follow the epplicabie Direckno given by the Charity Commlssion (under sectKsn 145{5Kbl of the ACL and to stste whether partirajkr mattets have come to my attention. Basis of independent My examination was carrled cxjt in a[ordanCe with general Directions 9IV8n examlnerfs statement ty fhe Charity Commission. An examinan IndeS a review of the accountirvJ records kept by the charity and a u)mparison of the accounts presented bmth those r8cJ)rds. It also includes rxJnsid8ration of any unusual items or disdosures in the a¢¢ounts. and seekn9 explanations from the trustees conceming any such maiters. The PrC¢edU undertaken do not provide all the evidence that would be required in an audit, and ojnsequently no opinton is given as to whether the acLyJJnts present a Yrue and fairf view and the report limited to those matters set out In the statement below. IER May 2018
Independent In connertion with my examination. no mateiial matters have come to my examinerfs statement atlention Uwl in. any materk41 respecL: wtrych gives me trausB to believe the accounting records were not kept In accordanix with section 130 of tho Act: or the acurrtS rfKI not a¢%01 with the accountlng records: or IhE accounts dKI not cwiply with thé applicable reouirements Onrni the ft)nn and content of acwunts set out tn thB Charities (AcGJunts and Rerts) Regulations 2008 other than any requirement that the 2cGounts give a Iru& and fairf view which 15 not a matter considered as part of an independent examination. I have Tko concems and have come a¢ross no other matters In nnectIon th the exarnination to whrch attenbon should be drawn in this report in orderto enable a proper understanding ofthe accounts to be reached. ' Please delele the wonls in the bwkels Mlheydo not apply. Signed: Name: Relevant professional qualification{s) or body (rf any): FMAAT Address: S.ectiori-. B-. Discfosure." Only complete ifthe examiner needs to highlight matters of conrn (see CC32. trependent examinatlon of c*wity acc4Jun. directions and guidance for examiners). IER May 2018