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
Little Acorns Pre-School
Balance Sheet
As of August 31, 2024
| TOTAL | |
|---|---|
| Fixed Asset | |
| Total Fixed Asset | |
| Cash at bank and in hand | |
| Cash on hand | 100.00 |
| Current Account | 7,474.08 |
| Reserve Account | 4,735.83 |
| Savings Account | 19,701.51 |
| Total Cash at bank and in hand | £32,011.42 |
| Debtors | |
| Debtors | 26,488.70 |
| Total Debtors | £26,488.70 |
| NET CURRENT ASSETS | £58,500.12 |
| Creditors: amounts falling due within one year | |
| Trade Creditors | |
| Creditors | 38,533.58 |
| Total Trade Creditors | £38,533.58 |
| Current Liabilities | |
| Net wages control | 0.00 |
| PAYE/ NIC | 467.16 |
| Pension control | 1,137.82 |
| Total Current Liabilities | £1,604.98 |
| Total Creditors: amounts falling due within one year | £40,138.56 |
| NET CURRENT ASSETS (LIABILITIES) | £18,361.56 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £18,361.56 |
| TOTAL NET ASSETS (LIABILITIES) | £18,361.56 |
| Charity funds | |
| Opening balance | -78.62 |
| Opening bank balances | 10,721.30 |
| Retained Earnings | 4,216.71 |
| Surplus/(Deficit) | 3,502.17 |
| Total Charity funds | £18,361.56 |
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Accrual Basis Thursday 1 May 2025 03:14 pm GMT+01:00