Acorns Childcare (Masham) Trustees. report and financial statements for the year ended 31 August 2024 Charity number: 1035056
Acorns Childcare (Masham) Contents Page Legal and administrative inforniation Trustees report Independent examiners. report Statement of financial activities Balance sheet Notes to the financial statements 7-10
Acorns Childcare (Masbam) Legal and administrative information Charity number 1035056 Registered office The Old Police House Little Market Place Masham, Ripon North Yorkshire HG44DY Trustees V Broadwith J Fuller L Jones H MetC21fe S Goodyear L Riddel D Sharp Secretary V Broadwith Manager Mrs V Horspool Accountants F E Metcalfe & Co Ltd 4 Old Market Place Ripon HG4JEQ
Acorns Childcare (laSham} Keport ot- the'l'i'ustees for the }iear ended 31 August 2024 The Trustees present their report and the financial statements for the year ended 31 August 2024. The Trustees who served during the year and up to the date of this report are set out on page l. Structure, governance and management The Charity's objects and regulations are regulated by a writlen constitution dated 29 October 2014, registered number 1035056. Trustees The trustees are elected at the AGM. We speak to other parents in the run up to the meeting. One of the current members agrees to nominate thetn. At the AGM we note who nominated and who seconded the decision for them to join. The trustees meet once a month usually on the 2nd Wednesday. howeverourconstitution states we only need 3 meetings a year. Objectives and activities The charity's objectives are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children thi-ough community groups and by; (a)offering appropriate play, education and care facilities, family learning and extended hours gi-oups, together with the right of parents to take responsibility for and to become involved in the activities of such gi'oups, ensuring that such groups offer opportunities for all children whatevei- their race, culture, religion, means or ability,. (b) encouraging the study of the needs of such children and their families and promoting public intei-est in and reLognition of such needs in the local areas.. [c) instigatiiig and adhering to and furthering the aims and objects of the early years alliance. The charity's activities are, in accordance with its objectives, it runs pre-school and holiday clubs as well as a wraparound care for children at school, give breakfast and afternoon snacks. In planning the Charity's activities fortheyear the Trustees have paid due regard to the Charity Commission's guidance on public benefits. Achievements and performance During 2023/24 staffing remained consistent. enabling continuity and the team working together successfully. November saw a visit frorn Ofsted. This was a very positive day, resulting in Acorns being awarded a "Good" status. Numbers remained high for pre-school. breakfast club and holiday club. Our mother and toddler group"Little Acorns" saw reduced attendance and increasing costs, as a result the group was moved into the pre-school room. Staffing concerns and challenging behaviors meant that the gi-oup was suspended for the late summer term. Financial review The statements shows a surplus of £4,245 (2023 - deficit £37). This increased the charity reserves at the year end to £44,896 Reseives All charities are recomtnended to have a reserves policy which takes into account immediate operational needs, has due regard foi- the composition of its asset base and earniarks funds which are necessary to carry out future plans. The chai-ity has chosen to hold E25,000 to cover the staff wages aiid running costs for 3 months.
Acorns Childcare (Masham) Repoi"t of the 'l'i"ustees for the yeai" ei)ded 31 August 2024 Plans for future periods The plans for the future are to: Increase our marketing of Acorns Pre-school (Masham} and Little Acorns. using social media. Re-introudce"LittIe Acorns" with different staff influence. Staff Training developed with the use of an online training platform"Noddle Now. Develop 2year old activities to reflect the younger age range currently on roll. Continue to develop "Outdoor learing" along the "Forest School Approach" Deputy to attend 3 day training course and feedback into setting. Statementof trustees. responsibilities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Genei'ally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the chai-ity and of tlie incoming resources and application of resources ol. the charity for that year. In preparing these financial statemeiit5 the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material depai-tures disclof ed and explained in the financial stateTnents; and prepare the financial statements on the going concern basis unless it is inappropriate to pi-esume that the charity will continue in operation. Tlie Ti-ustees are responsible for keeping proper accounting records which disclose with i-easonable accuracy at any time the financial position of the charity and enable them to eiisure that the financial statements comply with the Chai'ities Act 2011 and the Charity (Accounts and Reports) Regulations 2015. Tliey are also responsible for safe2uarding the assets of the chai-ity and hence for taking reasonable steps foi- the prevention and detection of fraud and other irregularities. On behalf of the board J Fuller Chairman of the Board of Trustees 12 November 2024
Acorns Childcare (Masham) Independent exatniner's rcport to the trustees on the unaudited financial statements of Acorns Childcare (Masham). I report on the accounts of Acorns Childcare [Masham) for the year ended 31 August 2024 setout on pages 5 to io. Respective responsibilities of Trustees and independent examiner As the charity's Ti-ustees you are responsible for the preparation ol the accounts, you consider that the audit requirement of section 144(2] of the Charities Act 2011 (the Act] does not apply and tliat an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the Art: to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5){b) of the Act- and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with the General Directions given by the Charity ComTnission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items 01- disclosui'es in the accounts, and seeking explanations from you as Trustees concerning any sucli matters. The prucedui'es Lindertaken do not provide all the evidence that would be required in an audit and consequently no opiiiion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention= li) which gives me reasonable cause to believe that in any matei-ial respect the requirements.. to keep proper accounting records in accordance with section 130 of the Act., and to prepare accounts which accord with the accounting records and to cotnply with the accounting requirements of the Act have not been met: or (li) to which, in my opinion. attention should be drawn in order to enable a proper understanding ofthe accounts to be reached. vans A.C.A. Managing Director F E Metcalfe & Co Ltd Chartered Accountants 4 Old Market Place Ripon North Yorkshire HG41EQ 12 November 2024
Acorns Childcare (Masham) Statement of financial actii'ities For the year ended 31 August 2024 Notes Unrestricted 2024 funds Total 2023 Total Income and Endowments Charitable activities Investment income 129.551 129.551 108,783 421 421 220 Total income 129,972 129,972 109,003 Expenditure Charitable activities 125.727 127.727 119,040 Total expenditure 125,727 125,727 119,040 Net income/(expenditure) for the year 4,245 4,245 (37) Total funds brought forward 40,651 40,651 40,688 Total funds carried forward ,896 44,896 40,651 Tlie notes on pages 7 to 10 fomi an integral part of the.se fiiiancial stateincnts.
Acorns Childcare {Masham) Balance sheet as at 31 August 2024 2024 2023 Notes Fixed assets Tangible assets 7,581 10,800 Current assets Cash at bank and in hand 37.875 29,911 29,911 Creditors: amounts falling due within one year (560) (60) Netcurrent assets 37,315 29,851 Net assets 44,896 40,651 Funds Unrestricted income funds 44.896 40,651 Total funds 44,896 40,651 The financial statements were approved by the Trustees on 17th October 2024 and signed on its behalf by l Fuller Chairman of the Board of Trustees Tlie notes 011 pages 7 to l O form an iiitegral part of these financial stateinents.
Acorns Childeare (Masham) Notes to financial statements for the vear ended 31 August 2024 General inforniation Acorns Childcare {MashaTn] is a unincorporated charity registered in England and Wales. The principal address is The Old Police House. Little Market Place HG4 4DY. Accounting policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the precedingyear. Basis of accounting The accoiints have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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}" (as amended for accounting periods commencing from I January 2019]. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The accounts are prepared in sterlin& which is the functional currenry of the charity. The accounts have been prepared underthe historical costconvention.The principal accounting policies adopted are set out below. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantlfied with reasonableaccuracy. The followillgspecific policies are applied to particular categories of income: Income from investments is included in the year in which it is receivable. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VA T which cannot be fully recovered, and is reported as part olthe expenditure to which it relates. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depi-eciation is pi-ovided at l'ates calculated to write off the cost less residual value of each asset over its expected useful life, as follows.. Leasehold properties Plan and machinery Fixtures and fittings Impairment of fixed assets At each reporting end date. the chai-ity reviews the carrying amounts of its tangible assets to detei'mine whethei- there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent ol the impairment loss {if any]. IO% straight line 250/0 reducing balance IS reducing balance
Acorns Childcare (Masham) Notes to financial statements for the year ended 31 August 2024 Charitable activities Unrestricted funds 2024 2023 Total Term fees Holiday club Grants and donations Fund-raising Milk and I'ood refunds Uniforms 127,287 527 127,287 527 105,918 988 564 761 332 220 1,387 350 1,387 350 129.551 129,551 J08,783 Investtnentincome 2023 Unrestricted funds Total Bank interest receivable 421 421 220 Charitable activities expenses Unrestrirted funds Restricted funding 2024 Toal 2023 Total Wages Training Food and drink Materials and equipment Premises costs Insurance Telekiknone, heat and light Depreciation & impairment Unifornis Professional fees Accountancy Sundry expenses 101.545 781 4,380 5,965 1,765 1,367 3,079 3,219 452 630 180 2,364 125,727 101,545 781 4,380 5,965 1,765 1,367 3,079 3,219 452 630 180 2.364 125,727 86,093 665 3,842 3,921 2,417 1,303 3,256 3,364 619 913 384 2,263 109,040
Acorns Childcare (Masham) Notes to financial statements for the year ended 31 August 2024 Employees Employment costs 20Z4 2023 Wages and salaries Staff training 101,545 781 86,093 665 102,326 86,758 Number of employees The averaEe monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents. was as follows: 2024 Number 2023 Number Trustees Staff 15 15 Short Plant and Leasehold machinery property Fixture and fittings Total Cost At I September 2023 27,701 10,735 4,022 42,458 At 31 August 2024 27,701 10,735 4,022 42.458 Depreciation At I September 2023 Charge for the year 18,780 9,063 3,815 31,658 2.770 418 31 3,219 At31 August 2024 21,550 9,481 3,846 34,877 Net book values At 31 August 2023 1,672 207 8,921 10,800 At 31 August 2024 6,151 1.254 176 7,581
Acorns Childcare (Masham) Notes to financial statements for the year ended 31 August 2024 Credxtors: amounts falling due within one-year 2024 2023 Other taxes and social security Accruals and deferred income 560 60 560 60 Analysis of netassets between funds Unrestricted funds Total funds Fund balances at 31 August 2023 as represented by.. Tangible fixed Assets Current 7,581 37,875 (560) 10,800 29,911 60 Liabilities Current 44,896 40,651 Unrestricted funds At At I September Incoming Outgoing 2023 resources resources 31 August 2024 Unrestricted Fund 40.651 129,972 [125,727) 44,896 Purposes of unrestricted funds The unrestricted fund represents those funds which the Trustees are free to use in accordance with the charitable objectives. 10