REGISTERED COMPANY NUMBER: 04102880 (England and Wales) REGISTERED CHARITY NUMBER: 1095582
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2025
for
Acorns Early Years Centre
Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL
Acorns Early Years Centre
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Cash Flow Statement | 8 | ||
| Notes to the Cash Flow Statement | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
Acorns Early Years Centre
Report of the Trustees
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The company's main activities are to advance the education of children in Bexley, Kent and the surrounding areas by providing safe and satisfying facilities for play; and to provide or assist in the provision of facilities for recreation or other leisure time occupation for these children in the interests of social welfare and with the object of improving their conditions of life, The company has the following statement of purpose:
Statement of Purpose
1 The provision of high quality affordable day care facilities for the daily care, recreation and education of pre-school children.
-
2 The development and support of initiatives which enhance the life skills and abilities of pre-school children.
-
3 The development of out of school and holiday provision for school age children.
4 Training and employment opportunities of persons providing such care, education and recreation facilities.
The company is registered with Ofsted and all appropriate policies are in place.
Significant activities
The company provides day care facilities for the daily care, recreation and education of pre-school children, and provides out of school and holiday provision for school age children up to the age of 11.
Public benefit
The charity has had regard to the Charity Commission's guidance on public benefit and considers that it fully complies.
Volunteers
The company makes use of volunteers where possible, particularly in fund raising events.
STRATEGIC REPORT
Achievements and performance Charitable activities
The centre is fully subscribed, with a waiting list for places.
Fundraising activities
Whilst the majority of funding arises from fees and grants, the trustees are grateful for the assistance given in other fundraising activities in the year. These included Christmas fundraising.
Internal and external factors
Whilst there is some competition from other pre school facilities the trustees are confident that there will be a need for the full use of the company's facilities for the foreseeable future.
The trustees are acutely aware of the need to recruit and retain suitable qualified and motivated staff and are taking active steps to ensure job satisfaction.
Grants are applied for for specific projects which have included the building costs and the provision of equipment. The building is relatively new and it is not anticipated that any major costs will arise in this regard in the near future.
The premises are owned by Kent County Council (KCC) . The outcome of the rent review at at 2013 had resulted in a significant increase in the rent payable, backdated to the date of the rent review. An instalment plan has been agreed to clear the arrears by August 2025. Rent review are every five years, the next being due in 2028.
Page 1
Acorns Early Years Centre
Report of the Trustees
for the Year Ended 31 March 2025
STRATEGIC REPORT
Financial review
Financial position
After making full provision for an increase in rent costs, the charity has made a surplus for the year. The final outcome of the rent negotiations remains uncertain.
The charity's balance sheet remains strong.
Principal funding sources
The majority of the funding for the company comes through fees for places. Some of this is government funded. It is anticipated that this will continue in the future. Additionally grants are requested for major projects.
Investment policy and objectives
Surplus funds are retained in bank deposits until used. The trustees seek to maximise the interest gained without subjecting the funds to any risk.
Reserves policy
The trustees have forecast the level of free reserves (that is those funds not tied up in fixed assets and designated or restricted funds). The trustees consider that the most appropriate level of free reserves at 31st March 2023 would be equivalent to three months expenditure. Whilst the current level of reserves may prove sufficient, it is the trustees view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility.
A financial summary is presented to the Trustees for information and review. Financial arrangements are also reviewed as necessary..
Going concern
The accounts have been prepared on a going concern basis.
Principal risks and uncertainties
The principal risks continue to be the filling of the available nursery places. The latter is being mitigated by the employment of good staff and good training leading to the enhanced reputation of the centre. The latest Ofsted report (October 2021) concluded that the nursery was good in all areas,
Future plans
AEYC is the link nursery for Maypole Childrens' Centre. Our planned occupancy is 80% capacity in all rooms.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are requested at each AGM, and by advertisement if vacancies arise sooner. Trustees are voted in at the AGM. Trustees are selected for the skills that can be brought to the charity.
The trustees exercise responsibilities at arms length with day to day activities delegated to the Management Committee and Management team. Trustees meet a minimum of three times a year and are joined by the Manager, Treasurer, and a representative from the Management Committee.
Training for the role has been given. The trustees are all from professional backgrounds with no business interests that conflict with their roles as trustees. They are keen to see the development and progress of AEYC and do not claim expenses.
Expressions of interest in the post are always welcome.
Page 2
Acorns Early Years Centre
for the Year Ended 31 March 2025
Report of the Trustees
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The centre is run on a day to day basis under the control of the Manager together with her senior management team comprising a deputy and a business manager. The trustees are legally responsible for the overall management and control of the centre and trustees meet a minimum of three times a year.
Key management remuneration
Key management are paid at competitive rates to similar nurseries.
Wider network
The charity is not affiliated with any other charity.
Related parties
There are no related parties.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have carried out a detailed review and produced a strategic plan setting out the major opportunities available to the charity and the risks to which it is exposed. The trustees monitor progress against the strategic objectives set out in the plan, As part of this process the trustees have implemented a risk management strategy that comprises:
-
An annual review of the risks that the charity may face.
-
The establishment of systems and procedures to mitigate those risks identified in the plan; and
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The implementation of procedures designed to minimise any potential impact on the charity should any of those risks materialise
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04102880 (England and Wales)
Registered Charity number
1095582
Registered office
Joy House Franklin Road Dartford Kent DA2 7UZ
Trustees
C Reid S Webber H E Clarke
Company Secretary
A Hemsley
Independent Examiner
Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL
Page 3
Acorns Early Years Centre
for the Year Ended 31 March 2025
Report of the Trustees
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:
............................................................................... C Reid - Trustee
Page 4
Independent Examiner's Report to the Trustees of Acorns Early Years Centre
Independent examiner's report to the trustees of Acorns Early Years Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John Lambourne
Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL
Date: .............................................
Page 5
Acorns Early Years Centre
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 4 Fees for places 519,968 Fees - Government funded 336,075 Collaborative training 3,122 Other trading activities 2 3,019 Investment income 3 2,851 Total 865,035 EXPENDITURE ON Raising funds 5 258 Charitable activities 6 Fees for places 831,873 Total 832,131 NET INCOME/(EXPENDITURE) 32,904 RECONCILIATION OF FUNDS Total funds brought forward 173,280 TOTAL FUNDS CARRIED FORWARD 206,184 |
Restricted funds £ - - - - - - - - - - - - |
31.3.25 31.3.24 Total Total funds funds £ £ 519,968 554,984 336,075 174,035 3,122 1,219 3,019 3,712 2,851 2,865 865,035 736,815 258 317 831,873 763,953 832,131 764,270 32,904 (27,455) 173,280 200,735 206,184 173,280 |
|---|---|---|
The notes form part of these financial statements
Page 6
Acorns Early Years Centre
Balance Sheet
31 March 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 12 40,572 CURRENT ASSETS Debtors 13 29,816 Cash at bank and in hand 204,191 234,007 CREDITORS Amounts falling due within one year 14 (68,395) NET CURRENT ASSETS 165,612 TOTAL ASSETS LESS CURRENT LIABILITIES 206,184 NET ASSETS 206,184 FUNDS 16 Unrestricted funds TOTAL FUNDS |
Restricted funds £ - - - - - - - - |
31.3.25 Total funds £ 40,572 29,816 204,191 234,007 (68,395) 165,612 206,184 206,184 206,184 206,184 |
31.3.24 Total funds £ 54,045 20,319 178,330 198,649 (79,414) 119,235 173,280 173,280 173,280 173,280 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
C Reid - Trustee
The notes form part of these financial statements
Page 7
Acorns Early Years Centre
Cash Flow Statement for the Year Ended 31 March 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.3.25 £ 23,010 23,010 - 2,851 2,851 25,861 178,330 204,191 |
31.3.24 £ (30,992) (30,992) (3,360) 2,865 (495) (31,487) 209,817 178,330 |
|---|---|---|
The notes form part of these financial statements
Page 8
Acorns Early Years Centre
Notes to the Cash Flow Statement for the Year Ended 31 March 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the Statement of | ||
| Financial Activities) | 32,904 | (27,455) |
| Adjustments for: | ||
| Depreciation charges | 13,473 | 13,548 |
| Interest received | (2,851) | (2,865) |
| (Increase)/decrease in debtors | (9,497) | 7,492 |
| Decrease in creditors | (11,019) | (21,712) |
| Net cash provided by/(used in) operations | 23,010 | (30,992) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.24 | Cash flow | At 31.3.25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 178,330 | 25,861 | 204,191 |
| 178,330 | 25,861 | 204,191 | |
| Total | 178,330 | 25,861 | 204,191 |
The notes form part of these financial statements
Page 9
Acorns Early Years Centre
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These accounts are prepared under the Charities Act 2006 on the historical cost convention and in accordance with the Financial Reporting Standard 102 and the Statement of Recommended Practices on Accounting and Reporting by Charities: the Charities SORP (FRS 102).
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
-
the requirement of paragraph 3.17(d);
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the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
-
the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
All funds expended are related to nursery running costs.There are no restricted funds.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 10
Acorns Early Years Centre
for the Year Ended 31 March 2025
Notes to the Financial Statements - continued
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
| Fundraising events INVESTMENT INCOME Deposit account interest INCOME FROM CHARITABLE ACTIVITIES Activity Fees Fees for places Grants Fees for places Fees Fees - Government funded Collaboration funding Collaborative training Grants received, included in the above, are as follows: RAISING FUNDS Raising donations and legacies Winter Wonderland Movie night |
31.3.25 £ 3,019 31.3.25 £ 2,851 31.3.25 £ 519,968 - 336,075 3,122 859,165 31.3.25 £ 31.3.25 £ 258 - 258 |
31.3.24 £ 3,712 31.3.24 £ 2,865 31.3.24 £ 554,705 279 174,035 1,219 |
31.3.24 £ 3,712 31.3.24 £ 2,865 31.3.24 £ 554,705 279 174,035 1,219 |
|---|---|---|---|
| 730,238 | |||
| 31.3.24 £ 31.3.24 £ 299 18 317 |
|||
| 317 |
3.
4.
5. RAISING FUNDS
continued...
Page 11
Acorns Early Years Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
6. CHARITABLE ACTIVITIES COSTS
7.
8.
9.
| Fees for places SUPPORT COSTS Fees for places NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases TRUSTEES' REMUNERATION AND BENEFITS |
Direct Costs £ 830,737 |
Support costs (see note 7) Totals £ £ 1,136 831,873 Governance costs £ 1,136 31.3.25 31.3.24 £ £ 13,473 13,548 52,986 35,225 |
|---|---|---|
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Full & part time staff |
31.3.25 £ 609,456 36,970 11,094 657,520 31.3.25 35 |
31.3.24 £ 563,510 34,604 9,942 |
|---|---|---|
| 608,056 | ||
| 31.3.24 36 |
No employees received emoluments in excess of £60,000.
continued...
Page 12
Acorns Early Years Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Fees for places Fees - Government funded Collaborative training Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Fees for places Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted funds £ 554,984 174,035 1,219 3,712 2,865 736,815 317 763,953 764,270 (27,455) 200,735 173,280 Long leasehold £ 266,811 218,737 12,016 230,753 36,058 48,074 |
Restricted funds £ - - - - - - - - - - - - Fixtures and fittings £ 82,835 76,864 1,457 78,321 4,514 5,971 |
Total funds £ 554,984 174,035 1,219 3,712 2,865 736,815 317 763,953 764,270 (27,455) 200,735 173,280 Totals £ 349,646 295,601 13,473 309,074 40,572 54,045 |
|---|---|---|---|
continued...
Page 13
Acorns Early Years Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Fees receivable | 15,703 | 6,409 |
| Prepayments | 14,113 | 13,910 |
| 29,816 | 20,319 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Trade creditors | 14,254 | 8,195 |
| Fees paid in advance | 9,367 | 5,308 |
| Deposits received | 21,667 | 21,281 |
| Social security and other taxes | 6,964 | 10,015 |
| Other creditors | 7,794 | 7,617 |
| Accrued expenses | 8,349 | 26,998 |
| 68,395 | 79,414 |
15. LEASING AGREEMENTS
The lease for the charity's premises with KCC was for 25 years from 2004. The current negotiated rent is £49,500 pa from the last review date in 2023, Reviews are five yearly.
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Fixed Assets Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.24 £ 164,203 9,077 173,280 173,280 Incoming resources £ 865,035 865,035 |
Net movement At in funds 31.3.25 £ £ 32,904 197,107 - 9,077 32,904 206,184 32,904 206,184 Resources Movement expended in funds £ £ (832,131) 32,904 (832,131) 32,904 |
At 31.3.25 £ 197,107 9,077 |
|---|---|---|---|
| 206,184 | |||
| 206,184 | |||
| 32,904 |
continued...
Page 14
Acorns Early Years Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Fixed Assets Fund TOTAL FUNDS |
At 1.4.23 £ 191,658 9,077 200,735 200,735 |
Net movement in funds £ (27,455) - (27,455) (27,455) |
At 31.3.24 £ 164,203 9,077 |
|---|---|---|---|
| 173,280 | |||
| 173,280 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 736,815 736,815 |
Resources Movement expended in funds £ £ (764,270) (27,455 (764,270) (27,455 |
Resources Movement expended in funds £ £ (764,270) (27,455 (764,270) (27,455 |
|---|---|---|---|
| (27,455 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Fixed Assets Fund TOTAL FUNDS |
At 1.4.23 £ 191,658 9,077 200,735 200,735 |
Net movement in funds £ 5,449 - 5,449 5,449 |
At 31.3.25 £ 197,107 9,077 |
|---|---|---|---|
| 206,184 | |||
| 206,184 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,601,850 | (1,596,401 ) | 5,449 |
| TOTAL FUNDS | 1,601,850 | (1,596,401 ) | 5,449 |
Page 15
continued...
Acorns Early Years Centre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 16
Acorns Early Years Centre
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2025 | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Other trading activities | ||
| Fundraising events | 3,019 | 3,712 |
| Investment income | ||
| Deposit account interest | 2,851 | 2,865 |
| Charitable activities | ||
| Fees | 856,043 | 728,740 |
| Collaboration funding | 3,122 | 1,219 |
| Grants | - | 279 |
| 859,165 | 730,238 | |
| Total incoming resources | 865,035 | 736,815 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Winter Wonderland | 258 | 299 |
| Movie night | - | 18 |
| 258 | 317 | |
| Charitable activities | ||
| Wages | 609,456 | 563,510 |
| Social security | 36,970 | 34,604 |
| Pensions | 11,094 | 9,942 |
| Rent | 52,986 | 35,225 |
| Rates and water | 5,282 | 5,252 |
| Insurance | 4,601 | 7,689 |
| Light and heat | 11,088 | 10,501 |
| Telephone | 1,573 | 1,406 |
| Postage and stationery | 3,081 | 3,116 |
| Advertising | - | 330 |
| Sundries | 3,440 | 1,568 |
| Activity supplies | 6,946 | 12,895 |
| Training | 1,855 | 1,477 |
| Alarm system & maintenance | 5,167 | - |
| Catering | 44,353 | 42,384 |
| Cleaning | 6,759 | 6,127 |
| Repairs & maintenance | 3,111 | 4,131 |
| Subscriptions | 852 | 543 |
| Carried forward | 808,614 | 740,700 |
This page does not form part of the statutory financial statements
Page 17
Acorns Early Years Centre
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
| Detailed Statement of Financial Activities for the Year Ended 31 March 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 808,614 | 740,700 |
| Software support | 8,650 | 7,564 |
| Long leasehold | 12,016 | 12,016 |
| Fixtures and fittings | 1,457 | 1,531 |
| 830,737 | 761,811 | |
| Support costs | ||
| Governance costs | ||
| Accountancy fees | 960 | 996 |
| Legal fees | - | 76 |
| Bank charges | 176 | 170 |
| Professional fees | - | 900 |
| 1,136 | 2,142 | |
| Total resources expended | 832,131 | 764,270 |
| Net income/(expenditure) | 32,904 | (27,455) |
This page does not form part of the statutory financial statements
Page 18