2022-03-31-accounts - Acorns Early Years Centre

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		Page
Report ofthe Trustees	I	to	4
Independent Examiner's Report
Statemeat ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to thc Financial Statements	10	to	16
Detailed Statemeat ofFinancial Activities	17	to	18

				319.22	31.3.21
		Unrestricted	Restricted	Total	Total
	Notes	fimds f,	funds f	funds 5	fundsI
INCOhIE AND ENDOWMENTS FROM
Douations snd legacies					1,043
Charitable activities
Fees for places Nursery costs		643,623 7dt40		643,623 7,840	468,639 92,635
Collaborative trsimng		2&677		2,677
Other trading activifies Invesbnent income		1,830 19		IdOG 19	1,723 57
Total		655r)89		655&189	564,097
EXPENDITliRE ON
Raising funds				298	984
Charitable acttvtfies
Fees forplaces Nursery costs		635,009		635,009	582,476
Total		635g07		635407	583,460
NET INCOME/(EXPENDITURE)		20,682		20,682	(19,363)
RECONCILIATION OFFUNDS
Total fuads brought forward		175 &t61		175,961	195324
TOTAL FIJNDS CARMED FORWARD		196,643		196&643	175,961

				313,22	31.3.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes			8
FIXEDASSETS Tangible assets	13	76,006		76,006	89,238
CURRENT ASSETS Debtors Cash at bank and in hand	14	26,112 212414		26,112 2'12414	17,581 231,769
		238,626		238'&26	249,350
CREDffORS Amounts falling due within one year	15	(117&189)		(117889)	(162,627)
NET CURRENT ASSETS		120,637		120,637	86,723
TOTAL ASSETSLESSCURRENT LIABILITIES		196,643		196,643	175,961
NET ASSETS		196,643		196&643	175,961
FUNDS Unrestricted funds	17			196&643	175,961
TOTAL FUNDS				196,643	175961

			31822	31.3.21
		Notes		5
Cash ilows from operating activities Cash geaeiated &can operations		I	(19474)	28,973
Net cash (used in)/provided	by operatmg	activities	(19374)	28,973
Cash flows from investing	activities
Purchase oftearable fixed assets Interest received			19	(449) 57
Net cash pmvided by/(used	in) investing	activines	19	(392)
Change in cash and cash the repordng period	equivalents	in	(19WS)	28,581
Cash and cash equivalents	at the
beghudng oftbe reporting	period		231,769	203,188
Cash and cash equivalents the reporting period	at the end	of	212414	231,769

RECONCILIATION OFNET INCOME/(EXPENDITURE) TO NET C OPERATINGA~S	ASH FLOW PROM
	313.22 f	31.3.21
Net income/(ezpenditare) forthe reperdng period (asper tbe Statement ofFinancbd Activtdes)	20,682	(19,363)
Adjnstments for: Depreciation charges interest received increase in debtors	13432 (19) (Sv531)	15,011 (57) (5,855)
(Decrease)/increase in creditors	(44,638)	39,237
Net cash (need in)/provided by operations	(19874)	28.973

ANALYSIS OFCHANGES IN NET FUND	S
	At 1.4.21 6	Cash flow	At31322 f
Net cash Cash at bank and in bend	231,769	(19455)	212814
	231,769	(19495)	2IMI4
Total	231)769	(19355)	212414

2.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES			31322	31.3,21
	Donations					1,043
3.	OTHER TRADING ACTIVITIES				31022	31.3.21
					f	E
	Fundraising events				ldt30	1,723
4.	INVESTMENT INCOME				313.22	31.3.21
						f
	Deposit account interest				19	57
	INCOME FROM CHARITABLEA~S				31322	3L321
	Fees	Activity Fees far	places		643,623	6 466,889
	Collaboration funding Insurance receipts Grauts	Fees for places Nursery costs Nursery costs			7,840	1,750 13,915 78,720
	Collaboration funding	Collaborative		training	2,677
					654,140	561274
	Grants received, included in the above, are as			foBaws:	313.22	31.3.21
						f
	Caronavirus JobRetcntiaa Scheme				1491	71,720
	Dartford - Caronavirus Apprenticeship levy KCC Outside space				I tdtD 4/49 7'	7,DOO 78,720

6.	RAISING FUNDS
	Raising donations and	legacies		313.22	3L3.21
				298	984
7,	CHARITABLE ACTIVITIES COSTS			Suppmt
			Direct	costs (see
			Costs	note 8)	Totals
			6	f.	6
			634,094	915	635,009
8.	SUPPORT COSTS				Governance
					costs
					f
					915
9.	NET INCOME/(EXPENDITURE)
	Net incomet(expenditure)	isstated aAer chargiugt(crediting):
				31322	31.3.21
	Depreciafion -owned assets Other operating leases			13332 38,614	15,011 46,613

STAFFCOSTS
				313.22	31.3.21
				6	f
Wages and salaries Social security costs Other pension costs				442,452 26,434 4~	404,860 23,325 6,945
				473,132	435,130
The average monthly	number ofemployees	during	the year was as follows:
				313.22	31.321
Fug th psst time staif				33	30

Il.	STAFFCOSTS - continued
	No employees received emoluments	in excess off60,000.
12,	COMPARATIVES FOR THE STATEMENT OF FINANCIAL		ACTIVITI%'S Unrestricted	Total
			funds	funds
	INCOME AND ENDOWMENTS Donations and legacies	FROM	1,043	1,043
	Charitable activltres Fees for places Nursery costs		468,639 92,635	468,639 92,635
	Other trading activities Investment income		1,723 57	1,723 57
	Total		564,097	564,097
	EXPENDITURE ON
	Raising funds		984
	Cbaritab! enativities
	Fees forplaces Nursery costs		582,476	582,476
	Total		583,460	583,460
	NET INCOME/(EXPENDITURE)		(19,363)	(19.363)
	RECONCILIATION OF FUNDS
	Total funds brought forward		195,324	195,324
	TOTAL FUNDS CARRIED FORWARD		175,961	175,961

13.	TANGIBLE FIXED ASSETS
			Fixtures
		Long	and
		leasehold f	fittings f	Totals f
	COST At l April 2D21 aud 31 March 2022	266,811	77 tt75	344,786
	DEPRECIATION At I April 2021 Charge far year	182)689 12,016	72,859 IQI6	255+5 13332
	At 31March 2D22	194,705	74,075	268,780
	NETBOOKVALUE
	At 31March 2022	72,106		76,006
	At31 Match 2021	84,122	5,116	89338
14.	DKBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR		31332	313.21
				f
	Fees receivable		91358	5,532
	Other debtors Prcpayments		161754	2336 9,713
			26,112	17,581
15.	CRKDITORSt AMOUNTS FALLING DUK WITHIN ONE YEAR		31332	31.3.21
	Trade creditors			1
	Feespaid in aclvanoe Deposits received Social security and other taxes Other creditors		12,158 19,646 S„tt62 201658	12,308 i3,976 5,7DD 21,089
	Accrued expenses		59,565	109353
			117tt89	162,627

					Net
					movemcnt	At
				At 1.4.21	in funds	31.322
				f
Unrestricted funds General fund Fixed Assets Fund				166,884 9,077	20,6S2	187~ 9,077
				175~1	20,682	196,643
				175tt61	20,6S2	196,643
Nct movement	in Ands, included in the above ate as follows:
				Inooming	Resources	Movement
				resources	expended f	in funds f
Unrestricted	fends
General fund				655889	(635807)	20,6S2
TOTAL FUNDS				655 tt89	(635307)	20,682
Compsrattves	for movemeut		iu funds
					Net
					roovmncnt	At
				At 1xL20 f	in funds f	31.3.21
Unrestttctcd	funds
Gcaeral fund				186,247	(19,363)	166,884
Fixed Assets	Fund			9,077		9,077
				195,324	(19363)	175,961
TOTAL FUNDS				195,324	(19,363)	175,961
Comparative	net movement	in	funds, included in the above are	as follows:
				Incomiug	Resources	Movement
				resources	expended	in fends f
Uurestrieted	funds
General fund				564,097	(583,460)	(19,363)
TOTAL FUNDS				564,097	(583,460)	(19863)

A current yea	r 12months and prior year 12m	onths combined position is as follows:
			Net
			movement	At
		At 1.4.20	in funds	3L322 f
Unrestricted General fund	feuds	186447	1,319	187,566
Fixed Assets	Fund	9,077		9,D77
		195,324	1,319	196,643
TOTALFU	NDS	195,324	1,319	196,643

A current yea as fo)taws:	r 12 months and prior year 1	2months combined net movement in	funds, included i	n the above
			Resources	Movement
			expended	in funds f
Unrestricted	funds
General fund		1320,086	(1318,767)	1,319
		1@20,086	(1,218,767)	1,319

	3L3.22	3L321
		5
INCOME AND ENDOrn&MENTS
Dona&dona and legacies Donations		1,043
Other trading activities Fundraising events	1,S30	1,723
Investment income
Deposit account interest	19	57
Charitable activities
Fees	643,623	466,889
Collaboration funding Insurance receipts	2,677	1,750 13,915
Grants	7,840	78,720
	654,140	561374
Total incoming resources	655P89	564,097
Rahing donadons and legacies Sundries		984
Charitable activities
Wages Socfsl seclltlty Pensions	44M52 26,434 4~	404,860 23,325 6,945
Rent	38&614	46,613
Rates snd water	1,683	486
Insumnce	5 &tel	3,886
Light and heat Telephone Postage and stationery Advertising Sundries	6P96 1,431 3366 455 2,8M	7,681 1,097 2,111 467
Activity supplies Tfalrung Catering Cleaning Repairs k maintenance Subscriptions Sofbvare support Long leasehold Fixtures and Sttings	14,001 2,690 3M80 21,628 4&t02 13t20 2,785 12,016 1416	8,570 2,016 25,601 19,726 7,595 1,927 2,712 12,016 2,995
	634,094	581,073