Rougham Acorns & Woodlands Limited
1st August 2022- 31st July 2023 Registered Charity No. 1124816
Company Registration No. 06454508
Registered Office: Pre-School Building, Church Road, Rougham, Bury St Edmunds. IP30 9JJ
Rougham Acorns & Woodlands Limited
Company Information for the period ended 31 July 2023
| Director: | Sarah Amy Mole | Chair until 13 Oct 2022 |
|---|---|---|
| Lauren Loven | ||
| Jessica Frances Read | Resigned 13 Oct 2022 | |
| Teresa Georgina Robertson | Resigned 13 Oct 2022 | |
| Hayley Jaine Cooper | Chair from 13 Oct 2022 | |
| Samantha Anne Ruddock | ||
| Jessica Aline Hay | ||
| Helen Marisa Ramnought | ||
| Wendy Jayne Beeby | ||
| Felicity Megan Fairweather Harris | ||
| Luci Rachael Twigden | ||
| Alice Smith | Resigned 13 Oct 2022 | |
| Becky Barker | ||
| Company secretary: | Sara Clark | |
| Registered office: | Pre-School Building | |
| Church Road | ||
| Rougham | ||
| Bury St Edmunds | ||
| IP30 9JJ | ||
| Company Registration Number: | 06454508 (England & Wales) |
Rougham Acorns & Woodlands Limited
Directors Report Period Ended 31 July 2023
The directors present their report with the financial statements of the company for the period ended 31st July 2023.
Principal Activities
The principal activity of the company in the period under review was: Pre-school education, wrap around child care and holiday club.
Directors
The directors shown below have held office during the whole of the period from 1st August 2022 to 31st July 2023 Lauren Loven Jessica Aline Hay Becky Barker Sarah Amy Mole Luci Rachael Twigden Helen Marisa Ramnought Felicity Megan Fairweather Harris
The company's main objectives are to enhance and provide for the development and education of children from pre-school age to twelve years of age through making facilities and services available to children in and out of school hours and during school holidays. This is achieved by offering appropriate play, education and care facilities, together with the right of parents to take responsibility for and to become involved in the activities and to offer opportunities for all children whatever their race, culture, religion, means or ability.
This report was approved by the board of directors on 12th October 2023 And Signed On Behalf Of The Board By:
Name: Status: Director
Name: Status: Director
Rougham Acorns & Woodlands Limited Company Registration No. 06454508
Income & Expenditure Account For the year 1st August 2022 to 31st July 2023
| Sales Income 2023 Breakfast Club Fees 10,062.16 £ Pre-school Fees 17,116.95 £ Lunch Club Fees 4,230.75 £ After School Club Fees 32,277.64 £ Holiday Club Fees 30,578.65 £ Uniform sales 213.50 £ Sales discounts given 2,440.81 -£ 92,038.84 £ Other Income SCC Additional Funding 2,821.59 £ SCC Early Years Grant 86,240.53 £ Bank Interest Received 649.18 £ COVID-19 Grants (inc CJRS) - £ 89,711.30 £ Fundraising Income Donations 265.00 £ SCC AU H/C Grant 3,000.00 £ Cake Stalls - £ Assorted fundraising activities 158.14 £ Christmas fundraisers 598.65 £ Easter/Summer Fete 1,218.25 £ 5,240.04 £ Total income for the year 186,990.18 £ Purchases Resources/Materials 7,560.90 £ Play equipment 211.37 £ Fundraising costs 573.62 £ Carriage on purchases 39.03 £ 8,384.92 £ Direct Expenses Advertising & Committee exp 161.00 £ Staff Refreshments 133.82 £ Miscellaneous Exp 679.90 £ 974.72 £ Gross Profit 177,630.54 £ |
2022 4,477.14 £ 21,434.40 £ 4,857.75 £ 18,845.85 £ 20,990.61 £ 93.00 £ 70,698.75 £ |
|---|---|
| 3,171.54 £ 75,048.48 £ 13.23 £ 264.18 £ 78,497.43 £ |
|
| 2,202.39 £ - £ 40.18 £ 308.00 £ 330.80 £ 612.77 £ 3,494.14 £ |
|
| 152,690.32 £ |
|
| 5,658.11 £ 2,966.08 £ 68.75 £ - £ 8,692.94 £ |
|
| 56.00 £ 142.13 £ 508.55 £ 706.68 £ |
|
| 143,290.70 £ |
Rougham Acorns & Woodlands Limited Company Registration No. 06454508
| Overheads Gross Wages Rent, Rates & Prem insurance Heat, light & power Printing, Postage & Stationery Telephone/internet/comp chrg Professional fees Maintenance & Premises Expenses Bank Charges Clothing costs Training/course fees PLA Membership & Liability Insurance Food, snacks for children Depreciation Bad debts Total Expenditure for Year Surplus/Deficit for Year |
2023 136,808.33 £ 2,418.73 £ 1,576.52 £ 1,358.81 £ 1,438.68 £ 879.10 £ 7,343.14 £ 94.10 £ 637.02 £ 295.93 £ 985.73 £ 4,144.49 £ 882.32 £ 501.40 £ 159,364.30 £ 18,266.24 £ |
2022 114,052.59 £ 2,369.04 £ 1,172.31 £ 1,018.01 £ 1,139.52 £ 886.63 £ 10,204.75 £ 67.47 £ 507.00 £ 1,381.40 £ 957.33 £ 1,988.72 £ 413.76 £ 2,767.54 £ 138,926.07 £ |
|---|---|---|
| 4,364.63 £ |
Rougham Acorns & Woodlands Limited
Company Registration No. 06454508
Balance Sheet as at 31st July 2023
| Fixed assets 2023 Property 152,000.00 Building Equip 33.65 Office Equip 238.67 Furniture & Fixtures 1,166.22 Current assets Debtors 10,737.70 Cash at bank & in hand 75,958.73 Current Liabilities Creditors: amounts falling due within one year 1,161.69 Payroll taxation & NI 678.23 Wages - Pension 313.14 Credit Card (Creditors) 1,411.93 Current Assets less Current Liabilities: Total Assets less Current Liabilities: Long Term Liabilities Creditors: Long term Building 152,000.00 Total Assets less Total Liabilities Capital & Reserves Reserves 66,303.74 Income & Expenditure account 18,266.24 |
2022 152,000.00 0.00 24.33 562.07 153,438.54 12,604.99 56,133.62 86,696.43 1,260.98 557.48 279.22 - 923.59 3,564.99 83,131.44 236,569.98 152,000.00 152,000.00 84,569.98 61,939.11 4,364.63 84,569.98 |
152,586.40 68,738.61 3,021.27 65,717.34 218,303.74 152,000.00 66,303.74 |
152,586.40 68,738.61 3,021.27 65,717.34 218,303.74 152,000.00 66,303.74 |
|---|---|---|---|
| 66,303.74 |
For the year ended 31st July 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. ii) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The Financial Statements were approved by the Board of Directors on 12th October 2023 and signed on their behalf by:
Director
Date
Directors Report for 1st August 2022 to 31st July 2023
We have reached the end of another year and have continued to recover from the financial effects of the pandemic. Our income from wrap round services has increased significantly over the last financial year and the number of children using our services is reaching capacity at many sessions. The number of parents able to obtain additional hours funding for preschool sessions has also grown and so the amount of Early Years grant funding we receive has risen too.
The higher interest rates at the bank have seen a greater reward for moving our working cash into an instant access savings account on a regular basis until required.
Staff have been proactive in obtaining a grant of £3,000 to support the costs of children who need a bit more support to attend holiday club until April 2024. We have been invited to apply for this grant funding for the following year.
This year's committee, volunteers and staff have held a number of well attended fundraisers for the setting and we have been able to purchase extra equipment for the children from this. The mud kitchen in the garden seems to be a firm favourite. A huge thank you to everyone who has participated in these events.
As we expected, the large increase in the minimum wage has led to an increase in our payroll costs, but we have also been able to give staff more hours as the number of children attending has increased. We will continue to carry out regular pay reviews to ensure we can remain a competitive and attractive employer within the childcare sector, but also maintain financial stability for the setting.
As with everyone in the community, we have seen large rises in our expenditure on power, telephone/internet and food during the current cost of living climate. Staff work well to keep the spending in these areas within our capabilities whilst providing for the children.
The introduction of the new invoicing system and sales ledger payment policy has seen a marked reduction in our bad debts this year, and the feedback from parents about the new system has been positive. This has also helped with our cashflow.
As we move into our new year we are regaining our strong financial position of before the pandemic and the future looks bright for the setting.
Signed by Director
PRINT NAME Date