ACORNS20AKS LIMITED
(A Company limited by Guarantee- Reg.No.04536406)
Registered Charity No. 1104861
ANNUAL REPORT
AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
3151 March 2022

ACORNS20AKS LIMITED
Contents
Page
Legal and Administrative details
Report ofthe Trustees
3105
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to Ihe Financial Statements
10t016

ACORNS20AKS LIMITED
Legal and admlnlstrative details
status
The organisation is a charitable company limited by guarantee,
incorporated on 16￿ September 2002 and registered as a charity in
August 2004.
Governing document
The Company was established under a memorandum of association
which established the objects and powers of the charitable company
and is govemed under ils articles of association.
Company Number
04536406
Charity Number
1104861
Registered Office
Peppermint Healthy Living Centre
Franklin Way
Croydon
Surrey
CRO 4YD
DlrectorslTrustees
8everley Noble - Chair
Judith Osakwe
Amanda Tucker
Chief Executive
Lauraine Nicholson
Company Secretary
Gaynor Murphy
Bankers
HSBC plc
9 Wellesley Road
Croydon. Surrey CR92AA
Independent Examiners Palmer Mccarthy
Suite 70, Caprtal Business Centre
22 Carlton Road.
South Croydon, CR2 OBS

ACORNS20AKS LIMITED
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2022
Objectives and Activities
Acorns 2 Oaks was originally set up as CRSSC Lld to provide childcare services to families within
the Broad Green area as a result of the Broad Green Sure Start programme being operational in the
area. The capital to build the Centres to deliver these services was an investment from Broad Green
Sure Start.
Canterbury Centre has operated as a community-based Day Nursery since June 2003. Peppermint
Centre provided a Nursery & Pre-school from July 2005 until September 2014 when the provision
then changed to a term-time Pre-school.
Both sellings aim to provide quality and affordable childcare lo working parents living in the Broad
Green area, supporting parents to access and sustain employment, and thereby furthering the
Charity's purposes for the public benefit. The charity's strategy. in order to achieve ils aims and
objectives, is to employ quality staff and maintain its facilities. The charity measures its success by
the number of ¢hildren and families that make use of its services.
A20 believes that a placemenl for a student or volunteer within our organisation is a valuable
opportunity to build experience whilst learning about working wilhin this Sector. Equally, we
appreciate the positive contribution that such committed and enthusiastic people can bring. INhilst
it was not possible to accommodate students and volunteers during the last two years, it is
anticipated that this will change with the pandemic Teslrictions now lifted.
The Trustees have had regard lo the guidelines set out by the Charities Commission on Public
Benef11 when reviewing is aims and objectives and in planning for the future.
Achievements and Performance
The year was again hindered by the pandemic, with nursery placements uptake remaining relatively
low until the last quarter when restrictions were lifted. Our Nurseries remained open with our Nursery
tearns working tirelessly to adhere to ever-changing regulations. Whilst funded placements, allending
and waiting list, increased towards the year end, there were very few fee-paying placements in either
Nursery.
Best Start's ABCD project continued until December 2021, when the respective Local Aulhorily
funding ceased. The service ran for five years, over which lime our Community Builders worked
proactively within the Broad Green & Selhurst areas, assisting Connectors in the development of an
array of projects and sustainable initiatives. We are incredibly proud of the community cohesion
created from this service and intend to seek opportunitie8 to fund similar community development
projects.
Peppermint Youth Club reopened in June 2021 offering one W￿klY session for local young people.
Hall hire remained low and most of the regular hirers did not relurn when reslriclions lifted. It is our
immediate objective for the coming year lo refurbish and market our hire facilities as to attract regular
useis and ad-hoc hirers.

Directors Responsibilities
The directors are required by UK company law lo prepare the financial statements for each financial
year, in accordance with applicable law and regLilations and in accordance with United Kingdom
Generally Accepted Accounting Practice.
Company law requires the directors must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the company and of the statement
of financial activity for that period.
In preparing the financial statements the directors are required to..
il Select suitable accounling policies and then apply them con51slently
ill Make judgtnents and accounting eslimales that are reasonable and prudent
iii) Slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements. and
iv) Prepare the financial statements on the going Concern basis unless il is inappropriate to
presume that the company wi11 continue in business
The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the company's transactions and disclose with reasonable accuracy at any time the financial
position of the company and that enable them lo ensure that the finanoial statements comply with the
Companies Act.
The directors are responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevelllion aiid detection of fraud and other irregularities.
Where appropriate, the directors are responsible for the maintenance and integrity of the corporate
and financial information included on the company's website. It is important to bear in mind that
legislation in the United Kingdom governing the preparation and dissemiiialion of financial slalements
may differ from legislation in other jurisdictions.
This report has been prepared having taken advantage of the srnall companies exemption in the
Companies Act 2006.
On behalf of the Board
Beverley Noble- Chair
Date.. 12 August 2022

Flnancial Review
The year ended 319t March 2022 resulted in a deficit of £53,761 (2021.. £102,160 deficill. This deficit
is attributable to..
nursery placements remaining low with most placements being government funded and not fee
paying
* hall hire income remaining low due lo restrictions remaining in place until the 4 quarter
Croydon Council Best Start ABCD funding ceased in December 2021
The only other income received was Service Charges from AT Medics (NHS Croydon) for use of the
premises.
The charity's reserves were used to support the loss in revenue, ensuring that the running costs
could be met, and the aims and objectives of the charity were upheld.
The charity's policy is to hold an adequate level of reserves in order lo meet future operational costs
that may not be sufficiently covered by income. The charity had closing reserves on 31 $1 March 2022
of £159,866, of which £1,372 are restricled12021.' reserves of £213,627 of which £1,372 were
reslricledl. The charity considers this level of reserves to be in line with its policy.
The principal risk to the charity is a reduction lo the government free education and childcare
funding, which is the charity's main sOL1r￿ of income. The risk is mitigated by the charity
seeking other income streams, such as the hiring of its hall to community groups.
Plans for the Future
Acorns 2 Oaks main objective for the coming year is lo..
+ promote the nurseries in order to return to full capacity
refurbish and market our h￿re facilities
• re-open the Centres for the wide use amongst the community and seek opportunities and funding
for a similar Asset 8ased Community Development Programme
Structure, Governance and Management
The governing document is detailed on the information page attached to these accounts.
The company is governed by the Directors who are volunteers, as listed on the information page
allached lo these accounts. The major risks to which the company is exposed to are reviewed
regularly by the Directors and management, and systems have been put in place to mitigate those
risks.
Trustees are trained on their responsibilities initially on induction and periodically thereafter. The Board
conlinues lo advertise for Trustees.
The Trustees review and set the remuneration of key management personnel, having had regard to
the recent performance of the charity when Carrying out the review.

ACORNS20AKS LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2022
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31st M8rch 2022.
Responsibilities and basis of report
As the Charity's trustees (and also the directors of the company for the purposes of company lawl
you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 20061'the 2006 ACV).
Having satisfied myself that the accounts of the company are not required lo be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your company's accounts as carried out ur)der section 145 of the Charities Act 20111'lhe 2011 Act'l.
In carrying out my examinatior) I have followed the Directions given by the Charity Commission under
section 14515){bl of the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because
l am member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come to rny attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the company as required
by section 386 ofthe 2006 Act., or
2. the accounts do not accord with those records,. or
3. 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 'lrue and fair view, which is not a matter
considered as part of an independent examination., or
4. 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 accordancewith the Financial Reporting Standard
applicable In the UKand Republic of Ireland IFRS 1021.
I have no concerns and have come across no other rnatters in connection with the examination
to which attention should be drawn in this report in order to enable a proper understanding of the
accounts lo be reached.
Peter Mills ACA CTA
Independent Examiner
Palmer Mccarthy
Chartered Certified Accountants
Suite 70, Capital Business Centre, 22 Carlton Road
South Croydon, CR2 OBS

ACORNS20AKS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME & EXPENDITURE ACCOUNTI
For the year ended 31 March 2022
2022
2021
Incoming resources
Unrestricted Restricted
Funds
Funds
Total
Total
Charitable Activities - Note 3
Other Trading Activities - Note 4
Investment Income - Note 6
458,595
79,439
28
457,331
80.703
28
442,534
33,908
134
Total Incoming resources
538,062
538,062
476,576
Expenditure on
Charitable Activities- Note 7
591,823
591,823
578,738
Total Expenditure
591,823
591,823
578,736
Net movement in funds
{53,7611
153,7611 1102,160)
Total funds brought fotward
212,255
1,372 213.627
315,787
Total funds carried fonmard
158,494
1,372 159.866
213,627

ACORNS20AKS LIMITED
Company Regislralion number 04536406
BALANCE SHEET AS AT 31 March 2022
2022
2021
FIXED ASSETS
Intangible asset- note 9
Tangible assets - note 10
CURRENT ASSETS
Debtors and prepayments - note 11
Cash al bank and in hand
41,168
235,879
8.402
342,983
277.047
351.385
CURRENT LIABILrriES
Creditors and accruals - note 12
117 181
137758
NET CURRENT ASSETS
159,866
213,627
Total assets less liabilities
159,866
213.627
Financed by..
Unreslricled funds - note 13
158,494
212,255
Reslricled funds - note 13
fj.372
1,372
Total funds
159,866
213,627
For the Financial Year ended 31 $1 March 2022 the company was enlilled lo exemption from audit under
section 477 of the Companies Act 2006 relating lo small companies. No member of the company Inas
deposited a notice, pursuant lo section 476, requiring an audit ol these financial statements under the
requirements ol the Companies Acl 2006.
The direGlors acknowledge their responsibility for ensuring the company keeps accounting records which
comply with section 386 of the Act, and for preparing accounts which give a true and fair view of the slate of
affairs of the company al the end of ils financial year, and of ils income and expenditure for the financial year
in aacordance with sections 394 & 395, and which otherwise comply with the requirements of the
Companies Act 2008 relating lo accounts, so far as applicable lo the company.
These financial slalemenls have been prepared in accordance with the provisions applicable lo companies
subject ID Ihe small companies regime within Part 15 of the Companies A¢1 2006, and in accordance with the
Charities SORP 2019 IFRS1021 and were approved by the Trustee Board on 121h August 2022.
Beverley Noble- Chair

ACORNS20AKS LIMITED
STATEMENT OF CASH FLOWS
For the year ended 31 March 2022
2022
2021
Net Cash Provided byl(Used inl operating activities {note 17)
1107,1321
139,0111
Cash Flows from investing activities
Investment Income
Purch28e of Fixed Assets
28
134
Cash Provided by (used inl investing activities
28
134
Increase (decrease) in cash and cash equivalents 8t
the end of the year
1107,1041
138.8771
Cash and cash equivalents al the beginning of the year
342,983
381,860
Total cash and cash equivalents at the end of the year
235,879
342,983

ACORNS20AKS LIMITED
Notes to the Financial Statements
1. Accounting Policie5
Company information
The Company is a private company limited by guarantee and is incorporated in England and Wales
under Company Number 04536406. The company is a registered charity under charity number
1104861. The company's principal activity and operations are that of providing pre-school
education, childcare and youth services. The registered office address is Peppermint Healthy Living
Centre, Franklin Way, Croydon, Surrey, CRO 4YD.
al Basis of Accounling
These 8ccounls have been prepared on a going concern basis tjnder the historical cost
convention. modified lo include certain items at fair value.
The financial statements have been prepared in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ire12nd {FRS102). The Charitable Company is a public benefit
entity for the purposes of FRS102 and therefore the Charity also prepared its financial statements
in accordance with the Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic
of Ireland (The Charities SORP 201 g {FRS10211. the Companies Act 2006 and the Charities Act
2011. The financial slalements are prepared in pounds sterling which is the functional currency of
the Company. Monetary arllounls in these financial statements are rounded lo the nearest £.
bl Golng concern
There were no material uncertainties related to events or conditions that may cast significant doubt
upon the company's ability lo continue as a going concern.
cl Incoming Resources
Incoming Resources from Charitable Activities and Grants receivable are accounted for on an a¢¢ruals
basis. All other income is accounted for on an as received basis.
dl Resources Expended
All expenditure is included in the accounts on an accruals basis
el Amorlisalion of Goodwill
The cost of Goo(bNiII was written off over 10 years. being the estimated useful economic life ofthe asset
Tangible Fixed Assets
Tangible Fixed Assets are staled al historical cost less accumulated depreciation. Depreciation is
provided on the straight line basis al rates calculated to write off the cost of the relevant asset over their
expected useful economic life. The Depreciation Rates used are as follows..
Fixtures, Fittings & Equipment
10

ACORNS20AKS LIMITED
Notes to the Financial Statements (continued)
gl Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held with banks.
h) Recognition of liabilities
Expenditure approved for payment bul not paid are recorded as liabilities in the balance sheet. Current
liabilities consist of amounts expected lo be settled within 12 months from the balan￿ sheet dale
il Debtors
Debtors are recorded al transaction price and are impaired where there is evidence that, as a result of
one or more events that occurred after the origin21 recognition of the debtor, the estimated lulure cash
flows have been affected. The impaiment loss is recognised in the Statement of Financial Activib'es.
Il Fund accounting
Funds held by the charity are either
a. Unrestricted general funds
these afft funds which can be used in accordance with the
charitable objects at the discretion of the Trustees..
b. Reslricled funds
these are funds that can only be used for particular reslricled purpose8
within the objects of the charity
kl Aclimlies in furtheran￿ of the Charities objectives comprises nursery fees to third parties, including fees
funded by LocalAulhority.
11 Judgements and key sounes of estimation uncertainly.
In the application of the company's accounting poli¢ies, the directors are required lo make judgements.
eslimales and assumptions about the carrying amount of assets and liabililies that are not readily
apparent from other sources. The eslimales and associated assumptions are based on historical
experience and other factors that are considered lo be relevant. Actual results may differ from these
eslimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised where the revision
affects only that period, or in the period of the revision and future perlods where the revision affects both
current and future periods. The following judgements lapart from those involving estimates} have the
most significant effect on amounts recognised in the financi81 stalemenls..
The company makes an estimate of the a¢crual relating lo premises costs, included wlhin current
liabilities Isee note 16 for the liability recognised in these financial slatemenlsl.
The company makes an estimate of the re¢overable value of debtors. When assessing impairmenl of
debtors, management considers Ihe ageing profile ol debtors and historical experience (see note 11 for
the carrying value).

ACORNS20AKS LIMITED
Notes to the Financial Statements
2. Nel Movement ill Funds
Nel Movement in Funds is Staled after Charging
2022
2021
Operating lease expense
Independenl Examination fees
Amorlisalion
Depreciation
1,815
2,448
1,815
2,400
3. Charitable Activities Income
2022
2021
Family services grant
Free education funding
Childcare placements
Coronavirus job retention scheme grants
Furdraising events
22,500
378,306
48,303
8,222
1,264
458 595
30,000
368,654
21,482
22,398
442.534
4. Other Trading Aclivilie8 Income
2022
2021
Income From Hall Hire
Service Charges
55,156
24,283
79,439
9,625
24,283
33,908
12

ACORNS20AKS LIMITED
Notes to the Flnancial Statements Icontinuedl
5. Staff Costs and numbers".
The Costs incurred in respect of employees were..
2022
2021
Salaries & Wages
Social Security Costs
Defined Contribution Pension Costs
457,560
20,222
7,049
484,831
450,175
18,775
6,774
475,724
No employee earned over £60,000 during the year under review.
The average number of staff employed during the year was..
2022
2021
Office & Adminislralion
Direct Charitsble work
Tot81
41
44
42
45
Key management personnel remuneration lotslled £146.42712021'. £138,245)
6. Investment Income
2022
2021
8ank Interest Received
28
134
7. Expenditure on Charitable Activities
2022
staff Costs Others
2021
Total
Total
Childcare Placements
Establishment Costs
Catering
Educational Equipment
Governance Costs
Other
484,831
3,019
42,957
4,110
720
2,718
53,468
106 992
487,850
42,957
4,110
720
2,718
53,468
591,823
478,735
41,441
5,267
668
2,670
49,957
578,738
484,831
8. Corporation Tax
The Company is a registered Charity and is not subject to Corporation Tax on ils aclivilies.
13

ACORNS20AKS LIMITED
Notes to the Financial Statements Icontinuedl
9. Intangible Fixed Assets
Goodwill
Cost at 1st April 2021 and 31 st March 2022
15,000
Amortisation
al 1 sl ApTiI 2021
Charge For the Year
at 31 sl March 2022
15,000
1 S,000
Net Book Value at 31st March 2022
Net Book Value at 31 st March 2021
10. Tangible Fixed Assets
Fixtuffts,
Fillings &
Equip.
Cost al 1 sl April 2021 and 31 st March 2022
10,033
Depreciation
al I sl April 2021
Charge for the Year
at 31 sl March 2022
10,033
10,033
Nel Book Value at 31 st MarGh 2022
Net Book Value at 31 st March 2021
11. Debtors & Prepayments
2022
2021
Debtors arising from Charitable activities
Debtors arising from other trading activities
Prepayments
32,531
5,500
3,137
7,018
1.384
8,402
12. Creditors & Accruals
2022
2021
Creditors arising from Charitable activities
Taxes and Social Security
Accruals
4,228
9,318
103,635
117,181
45,481
6,887
85,390
137,758
14

ACORNS20AKS LIMITED
Notes to tha Financial Statements (continued)
13. Movement in Funds
Balance
Income
Expenditure
Balan
1 Apr 2021
31 Mar 2022
Unreslricled Funds
212,255
538,062
1591,8231
158,494
Restricted Funds
Pepperrninl Grant
Crosfield Grant
42
1,330
1,372
42
1,330
1,372
Total
213,627
538,062
1591.8231
159.866
The Pèppermint Grant and the Croslield Grant are for the purpose of future capital expendituie.
14. Summary of assets and liabilities bebNeen funds
Unrestricted Restricted
Funds
Funds
Totsl
Debtors
Cash
Creditors
Nel Assets
41,168
234.507
1117,1811
158.494
41,168
235,879
1117,1811
159,866
1,372
1.372
15. Trustees Remuneration and Related Party Transactions
No member of the Management Committee or Trustees received any remuneration during the
year.
Where trustees of the company have children placed at the nursery they pay the full nursery
fee for that placement.
No Trustee was reimbursed expenses by the charity.
There were no related party transactions that require disclosure.

ACORNS20AKS LIMITED
Notes to the Financial Statements Icontinuedl
16. Conlingenl Liabilities
At 31 sl March 2022 the company had no contingent liabilities or capital commitments not provided for
in these accounts. Creditors includes £98,213 12021: £78,763) provided as a Conlingenl liability in
respect of service charges that have not been charged lo the company by Croydon Council.
Reconciliation of nel movements in funds to net cash flow from operating activities
2022
2021
Nel Movement in Funds
Deduct Investment Income
Oecrease Ilncreasel in Debtors
Increase (Decrease) in Creditors
Nel Cash Provided byllused inl operating activities
153,7611
128}
132.766)
2Q,577
1107,1321
1102,1601
11341
9,876
53,406
139,0121
18. An81ysis of changes in nel debl
Al 1 April 2021
Cash flows
At 31 March 2022
Cash and cash e
Cash
uivalenls
342,983
1107,1041
235,879
The company has no borrowings.
19. Operating Lease Commitments
The company has operating lease commitments in relation to the rental of the premises used in the
furtherance of ils aclivilies, as follows..
Future minimum operating lease payments
2022
2021
Within one year
Between two and five years
In over five years
1,815
7,258
24,799
33,872
1,815
7,258
26,614
35,687
16

ACORNS20AKS LIMITED
The following page does not form parl the Slatulory Financial Slalemenls

ACORNS20AKS LIMITED
INCOME & EXPENDITURE ACCOUNT
For the year ended 31 March 2022
2022
2021
Income Receivable
Family services grant
Free education funding
Child¢are fees
Bank interest
Coronavirus job retention scheme grants
Fundraising events
Hall hire
Service char
22,500
378,306
48,303
28
8,222
1,264
55,156
24,283
30,000
368,654
21,482
134
22,398
9,625
24,283
es
Total Income receivable
538,062
476,576
Premises costs
Staff salaries
Employerfs Nl
Pensions
Staff training and information
Staff DBS Checks
Catering
Children social acliviliesleducalional
Cleaning and domestic supplies
Clinical waste
Expendable equipment
Insuran
Office supplies
Telephone, postage, fax and intemet
Bank charges
Sundry expenses
Subscriptions
OFSTED registration
IT Maintenance & Software
Independent ExaTNinalion Fees
Professional fees
42,957
457,560
20,222
7,049
2,544
475
4,110
3,265
28,716
3,508
720
3,159
673
6,464
569
76
415
270
6,610
2.448
13
41,441
450,175
18,775
6,774
2,536
475
5,267
2,199
25,040
3,325
668
3,159
1,276
6,653
484
502
504
270
6,800
2,400
13
Total admin & overhead ex
enses
591.823
578,736
Sur
lus/
Deficit
for the
ear
53,761
102,180