2023-03-31-accounts - Acorns2oaks Limited

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Contents	Page
Legal and Administrative details	2
Report ofthe Trustees	3 to 5
Independent Auditors’ Report	6 to 9
Statement of Financial Activities	10
balance Sheet	11
Cash rlow Statement	12
Nolesto [lie FiiiaiicielSla[errieiits	13 to 19

		2023		2022
	£	£		£
Incoming resources
	Unrestricted	Restricted
	Funds	Funds	Total	Total
CharitableActivities - Note 3	450,297	-	450,297	458,595
Oilier Tradiiig ActivitieB Note 4	78,391	-	78,391	79,439
Investment Income Note 6	762	-	762	28
lolal liicorriiiig resources	529,450	-	529,450	538,062
Expenditure on
CharitableActivities- Note 7	577,717		577,717	591 ,823
Total Expenditure	577,717		577,71 /	SY1 ,823
Net movement in funds	(48,267)		(48261)	(53,761)
Total funds brought forward	158,494	1,372	159,866	213,627
Total funds carried forward	110,227	1,372	111,599	159,866

	2023	2022
	£	£
FIXEDASSETS
Intangible asset - note 9 Tangible assets - note 10	- -	- -
CURRENT ASSETS
Debtors and prepayments - note 11	7,050	41,168
Cash at hank and in hand	241748	235,879
	248,798	277,047
CURRENT LIABILITIES
Creditors and accruals - note 12	(137,199)	(117,181)
NETCURRENTASSETS	111,599	159,866
Total assets less liabilities	111,599	159,866
rii,anced by:
Unrestricted funds - note 13	110,227	158,494
Restricted funds - note 13	1,372	1,372
Total funds	111599	159,866

	2023		2022
	£		£
Net Cash Provided by/(Used in) operating activities (note 17)	5,107		(107,132)
Cash Flows from investing activities
Investment Income		762	28
I~urcliase ol 1-ixed Assels		-
C~~l I rro~icJe(J by (u~~d iii) iiiv~~1ii çj ~;tivi1i~~		76~2	28
Increase (decrease) in cash and cash equivalents at
the end oftheyear	5,869		(107,104)
Cash and cash equivalents at the beginning of the year	235,879		342,983
Total cash and cash equivalents at the end of the year	241	,748	235,879

2. Net Movement in Funds
Net Movement in Funds is Stated after Charging
(including VAT)
	2023	2022
	£	£
Operating lease expense	1,815	1,815
Audit! Independent Examination fees	2,490	2,448
Non-Audit services provided by Auditor	2,520	-
Amortisation	-	-
Depreciation	-	-
3. Charitable Activities Income
	2023	2022
	£	£
Family services grant	-	22,500
Free education funding	389,429	378,306
Childcare placements	56,786	48,303
Coronavirusjob retention scheme grants	-	8,222
Other nursery income	1 ,725
Fundraising events	2,357	1 ,264
	450,297	458,595

			2023	2022
			£	£
Salaries &Wages			429,992		457,560
Social Security Costs			19,460		20,222
Defined Contribution Pension Costs			6,507		7,409
			455,959		485,191
No employee earned over £60,000 during the		year under review.
I he average number of staff employed during		the yearwas:
			202J	2022
Office &Administration			3		3
Direct Charitablework			36		41
Total			39		44
Key management personnel remuneration totalled £144,985 (2022:			£146,427)
6. Investment Income
			2023	2022
			£	£
Bank Interest Received			762		28
7. Expenditure on Charitable Activities
		2023		2022
	StaffCosts	Others	Total	Total
	£	£	£	£
Childcare Placements	455,959	1 ,731	457,690		487,850
EstablishmentCosts	-	47,000	47,000		42,957
Catering	-	4,610	4,610		4,110
Educational Equipment	-	5,107	5,107		720
Governance Costs	-	5,280	5,280		2,718
Other	-	58,030	58,030		53,468
	455,959	121,758	577,717		591,823

Notes to the Financial Statements (continued)
9. Intangible Fixed Assets
	Goodwill
	£
Cost at 1StApril 2022 and 31st March 2023	15,000
Amortisation
at 1stApril 2022	15,000
Charge For the Year	-
at 31st March 2023	15,000
Net [3ook Value at 31st March 2023
Net Book V&ue ~t 31s1 M~rcIi 2022	-
10. Tangible Fixed Assets

1 1. Debtors & Prepayments
	2023	2022
	£	£
Debtors arising from Charitable activities	-	32,531
Debtors arising from other trading activities	4,483	5,500
Prepayments	2,567	3,137
	7,050	41,168
12. Creditors &Accruals
	2023	2022
	£	£
Creditors arising from Charitable activities	6,051	4,228
Taxes and Social Security	6,333	9,318
Accruals	124,815	103,635
	137,199	117,181

	2023	2022
	£	£
Net Movement in Funds	(48,267)	(53,761)
Deduct Investment Income	(762)	(28)
Decrease (lnc;rease) iii DebLors	34118	(32,766)
Increase (Decrease) in Creditors	20018	(20577)
Ne~ Cash Provided by/(Used In) operalirig aclivlUes	5,10/	(‘l0/,1d2)

	At 1 April	2022	Cash flows		At 31 March 2023
Cash and cash equivalents	£		£		£
Cash		235,879		5,869	241,748
The company has no borrowings.

furtherance of its activities, as follows:
Future minimum operating lease payments	2023	2022
	£	£
Within one year	1,815	1,815
Between two and five years	7,258	7,258
In over five years	22,985	24,799
	32,058	33,872

INCOME & EXPENDITURE ACCOUNT For the year ended 31 March 2023
	2023	2022
	£	£
Income Receivable
Family services grant	-	22,500
Free education funding	389,429	378,306
Childcare fees	56,786	48,303
flank interest	702	28
Coronavirusjob retention scheme grants	-	8,222
Fundraising events	2,357	1 ,264
Other nursery income	1 ,725
hell hire	51,048	~515E3
Service charges	27,343	24,283
Total Incomo Roceivablo	520,450	538,062
Premises costs	47,000	42,957
Staff salaries	429,992	457,560
Employer’s NI	19,460	20,222
Pensions	6,507	7,049
Staff training and information	I 321	2,544
Staff DL3S Checks	410	475
Catoring	4,610	4,110
Children social activities/educational	3,418	3,265
Cleaning and domestic supplies	31,320	28,716
Clinical waste	3,023	3,508
Expendable equipment	5,107	720
Insurance	3,297	3,159
Office supplies	1,171	673
Telephone, postage, fax and internet	7,450	6,464
Bank charges	754	569
Sundry expenses	430	76
Subscriptions	641	415
OFSTED registration	270	270
IT Maintenance & Software	6,526	6,610
Audit and professional fees	5,010	2,448
Professional fees	-	13
Total admin & overhead expenses	577,717	591,823
Surplus/(Deficit) for the year	(48,267)	(53,761)