2023-03-31-accounts - Acorns Early Years Centre

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Report ofthe Trustees		1	to	4
Independent Bxamineds	Report
Statement ofFinancial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements		10	to	16
Detailed Statement ofFinancial Activities		17	to	18

Statement fFinancia ln ratin in fortbe Year n d	l Activities rnc cnd Ex nditcre c 1March2023	t
					313.23	31.3.22
			Unrestricted	Restricted	Total	Total
		Notes	funds	funds	fundsf	funds f
INCOME AND ENDOWMENTS FROM
Charitable activities
Fees for places			690,959		690,959	643,623
Nursery costs						7,840
Collaborative training						2,677
Other trading activities		2	3,598		3,598	1,830
investment income		3	529		529	19
Total			695,086		695,086	655,989
EXPENDITURE ON
Raising funds						298
Charitable activities
Fees for places			690,994		690,994
Nursery costs						635,009
			690894		690,994	635,307
NET INCOME			4,092		41092	20,682
RECONCILIATION OFFUNDS
Total funds brought	forward		196,643		196)643	175,961
TOTAL FUNDS CARRIED FORWARD			200,735		200,735	196,643

Balance heat 1 Mar h 2023
				310.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes			f.	f
FIXEDASSETS
Taagible assets	12	64,233		64,233	76,006
CURRENT ASSETS
Oebtom	13	27,811		27&811	26,112
Cash at bank and in hand		209,817		209,817	212,514
		237,628		237&628	238,626
CREDITORS
Amounts falling due within one year	14	(101,126)		(101,126)	(117,989)
NET CURRENT ASSETS		136,502		136,502	120,637
TOTAL ASSETSLESSCURRENT
LIABILITIES		200,735		200,735	196,643
NET ASSETS		200,735		200,735	196,643
FUNDS	16
Unrestricted funds				200,735	196,643
TOTAL FUNDS				200,735	196,643

for the Year Ended 31Mars	h 2 23
			313.23	31.3.22
		Nates	f
Cash Bows from operating	activities
Cash generated from operations		1	(1)726)	(19,274)
Net cash used in operating	activities		(1,726)	(19,274)
Cash Ilows from investing	activities
Purchase oftangible fixed assets			(1,500)
Interest received			529	19
Net cash (used in)/provided	by investing	activities	(971)	19
Change in cash and cash equivalents		in
the reporting period			(2,697)	(19,255)
Cash and cash equivalents	at the
beginning ofthe reporting	period		212/14	231,769
Cash and cash equivalents	at the end	of
the repordng period			209,817	212,514

RECONClLIATION	RECONClLIATION	OPERATING ACTIVITIES	OPERATING ACTIVITIES
		313.23	313.22
		f
Net iucome	for tbe reportiag period (as per the Statement ofFinancial
Activities)		4,092	20,682
Adjustments	for:
Depreciation	charges	13373	13,232
Interest received		(529)	(19)
Increase m debtors		(1,699)	(8,53I)
Decrease in	creditors	(16,863)	(44,638)
Net cash used in operations		(1,726)	(19,274)

ANALYSIS OFCHANGES IN NET FUND	S
	At 1.4.22	Cash flow	At313.23
		f.	f
Net cash
Cash at bank and in band	212,514	(2&697)	209,817
	212,514	(2,697)	209,817
Total	212,514	(25697)	209,817

	company's pension scheme are charged to the	company's pension scheme are charged to the	company's pension scheme are charged to the	Statement ofFinancial A	ctivities in the period to which	they relate.
2.	OTHER TRADING ACTIVITIES
					31,3,23 f	31.3.22 f
	Fundreising	events			3,598	1,830
3.	INVESTMENT INCOME
					31.3.23	31.3.22
						f
	Deposit account interest				529	19
4,	INCOME FROM CHARITABLE ACTIVITIES
					31.3.23	31.3.22
			Activity
	Fees		Fees forplaces		689,129	643,623
	Collaboration	funding	Fees forplaces		1,830
	Grants		Nursery costs			7,840
	Collaboration	funding	Collaborative	training		2,677
					690,959	654,140
	Grants received, included		in the abave, are as	follows:
					319.23 f	31.3.22
	Coronavirus	Job Retention	Scheme			1,391
	Apprenticeship levy					1,500
	KCC Outside	space				4,949
						7,840

	Raising donatioas and	legacies
				313.23	31.3.22
				f	f
	Sundries				298
6.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	costs (see
			Costs	note 7) f	Totals
	Fees for places		689,804	1,190	690,994
7.	SUPPORT COSTS
					Governance
					costsf
	Fees for places				1,190
L	NET INCOME/(EKPENDITURE)
	Net income/(expenditure)	is stated atter charging/(crediting):
				312.23 f	31.3.22 f
	Depreciation - owned assets			13,273	!3,232
	Other operating leases			39,534	38,614

STAFFCOSTS
			313.23 f	31,3,22 f
Wages and salaries			487,299	442,452
Social security costs			25,688	26,434
Other pension costs			8,402	4,246
			521889	473,132
The average monthly	number ofemployees	during the year was as follows:
			313.23	31.3.22
Full /b part time stalf			34	33

	No employees receiv	ed emoluments in excess off60,000	ed emoluments in excess off60,000	ed emoluments in excess off60,000
11.	COMPARATIVES	FOR THE STATEMENT OFFINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
					f,
	INCOME AND ENDOWMENTS FROM
	Charitable activities
	Fees for places			643,623		643,623
	Nmsery costs			7,840		7,840
	Collaborative training			2,677		2,677
	Other trading activities			1,830		1,830
	Investment income			19		19
	Total			655,989		655,989
	EXPENDITURE OiV
	Raising funds			298		298
	Charitable activities
	Nursery costs			635,009		635,009
	Total			635,307		635,307
	NET INCOME			20,682		20,682
	RECONCILIATION		OFFUNDS
	Total funds bmught	forward		175,961		175,961
	TOTAL FUNDS CARRIED FORWARD			196,643		196,643

12.	TANGIBLE FIXEDASSETS
			Fixtures
		Long	and
		leasehold I	ftttiugs f,	Totals 6
	COST
	At 1 April 2022	266,811	77rt75	344,786
	Additions		1,500	1400
	At 31March 2023	266,811	79,475	346,286
	DEPRECIATION
	At 1 April 2022	194,705	74,075	268,780
	Charge for year	12,016	1,257	13,273
	At 31March 2023	206,721	75@32	282,053
	NET BOOKVALUE
	At 31March 2023	60,090	4,143	64,233
	At 31March 2022	72,106	3,900	76,006
13.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR
			313.23	31.3.22
			f	f
	Fees receivable		13rt42	9,358
	Prep ayments		13,869	16,754
			271811	26,112
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YKAR
			313.23 f	31.3.22 f
	Trade creditors		2,570
	Fees paid in advance		9,351	12,158
	Deposits received		24329	19,646
	Social security and other taxes		5,911	5,962
	Other creditors		13P80	20,658
	Accrued expenses		45,585	59,565
			101,126	117,989