## **Little Acorns Preschool - Chair of Trustees Report 2023 2024** 

We began this year having started a bid for a grant to replace or repair our building. The building which is of modular construction has been in use for over 20 years and was a refurbished building then. 

Pupil numbers were fairly good for the year, but as always we had to be very careful with our limited finances. We have a dedicated SEND lead and had a few challenging pupils, which the team looked after very well. 

We had our usual fundraising events, raffles, fairs (winter, spring and summer), but we were concentrating on the grant application, via the governments ‘Levelling Up Fund’. Negotiations were protracted. We had to get permission from our landlord, The Rainbow Academy Trust, to carry out the works and also their agreement to extend our lease (on the land only, we own the building) which only had 5 years to run. They initially did not think they were our landlord, but eventually it was all agreed. The plan eventually agreed on was to remodel the interior layout. There were several reasons why we did this as opposed to a demolition and new build. Mainly it was cost, refurbishment was cheaper and also the roof had been recovered only 2 years before. Anyway finally it was all completed just in time for our September ’24 opening. 

We are now able to accept pupils from 18 months old as we have a new ‘quiet’ room in the refurbished building. 

I would to thank all the staff who as always coped with the upheaval of clearing the building in July and setting it all up again for reopening in September in a very professional way. 



## Little Acorns Pre-School 

## Financial Activities 

## September 2023 - August 2024 

|||TOTAL||
|---|---|---|---|
||SEP 2023 - AUG 2024||SEP 2022 - AUG 2023 (PY)|
|Income||||
|Fees from parents|5,761.50||18,031.46|
|Funding CCC|87,672.69||64,683.24|
|Fundraising Activities|1,611.40||2,359.48|
|Interest Received|149.37||83.21|
|Lunch time|1,623.00||1,420.50|
|Sports 4 Tots|1,213.70||925.50|
|**Total Income**|**£98,031.66**||**£87,503.39**|
|TOTAL|**£98,031.66**||**£87,503.39**|
|Expenditures||||
|Advertising/Promotional|91.07||192.13|
|Agency/Supply Staff|167.99|||
|Alarm and Security Costs|1,501.93||1,837.61|
|Bad debts|434.65|||
|Classroom Resources|||2,527.75|
|Cleaning|555.05||349.15|
|Computer Costs|416.95||645.68|
|Employer pension contribution|577.84||802.28|
|Employers NIC|0.00||1,867.74|
|Energy|2,415.67||1,397.94|
|Equipment Purchases|||79.98|
|Gross wages|76,468.42||72,590.29|
|Health & Safety Expense|163.18|||
|Hygiene|476.73||690.08|
|Insurances|1,606.70||1,058.46|
|Maintenance|1,034.31||12,656.75|
|non domestic rates|425.16||268.08|
|Office/General Administrative Expenses|234.87|||
|pest control|626.27||569.33|
|Phone Costs|903.37||854.31|
|Printing, Postage and Stationery|1,507.28||1,179.48|
|Professional Fees|1,396.56||1,626.81|
|Raising funds|358.75||658.51|
|Refurbishment Costs|198,507.73|||
|Refuse|835.14||734.95|
|Resources Purchases Expense|1,260.91|||
|SMP|||0.00|
|Sports 4 Tots Costs|1,189.00||1,359.75|
|staff training and costs|1,168.10||610.00|
|Subscription|562.11||467.24|
|Sundries|||85.18|
|Travel and Accommodation|||25.20|
|**Total Expenditures**|**£294,885.74**||**£105,134.68**|
|NET OPERATING INCOME|**£ -196,854.08**||**£ -17,631.29**|



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**Accrual Basis  Thursday 15 May 2025 07:51 am GMT+01:00** 



## Little Acorns Pre-School 

## Financial Activities 

## September 2023 - August 2024 

|||TOTAL||
|---|---|---|---|
||SEP 2023 - AUG 2024||SEP 2022 - AUG 2023 (PY)|
|Other Income||||
|Cornwall Council Restricted Funding Grant|200,000.00|||
|Grants|356.25||13,068.75|
|SMP Refunded|||6,922.56|
|**Total Other Income**|**£200,356.25**||**£19,991.31**|
|NET OTHER INCOME|**£200,356.25**||**£19,991.31**|
|NET INCOME/(EXPENDITURE)|**£3,502.17**||**£2,360.02**|



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**Accrual Basis  Thursday 15 May 2025 07:51 am GMT+01:00** 




## **Independent examiner's report on the accounts** 

## **Section A                        Independent Examiner’s Report** 

**Report to the trustees/ members of** 

Charity Name 

Little Acorns Pre-School 

31[st] August 2024 

1029846 

**On accounts for the year ended Charity no (if any) Set out on pages** 

1 and 2 

## **Responsibilities and basis of report** 

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2024. 

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Trust’s accounts carried out  under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner's statement** 

I have completed my examination.  I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: 

- accounting records were not kept in accordance with section 130 of the Act or 

- the accounts do not accord with the accounting records 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

**Signed:** 

1 

**IER** 

**October** 

**2018** 




**Date:** 

11/06/2025 

**Name:** 

C L Morgan 

**Relevant professional qualification(s) or body (if any):** 

FMAAT 

**Address:** 

East Lynne, Mithian Downs, St Agnes. TR5 0PY 

## **Section B                           Disclosure** 

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 

**Give here brief details of any items that the examiner wishes to disclose** . 

2 

**IER** 

**October** 

**2018**