Company Number 06995636 Charity Number 1132906 UTfLE THEfFORD ACORNS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 A54kllCS1• 27A)512022 COMPANIES HOUSE 111 1239
LITfLE THEfFORD ACORNS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Contents Page Dlrectors, Foreword Company Infommtlon Report of the Trustees
io Independent Examinees Report li Statement of Flnanclal Actmtles Balance Sheet Notes to the Flnanclal Statements 14-19
UTFLE THETFORD ACORNS DIREcfoRS' FOREWORD FOR THE YEAR ENDED 31 AUGUST 2021 Little Thetford Acorns Pre-school & Children's Club was incorporated on 19th Au8USt 2009, registered as a charity on 23, November 2009 and commenced activities in January 2010. A purpose-built building was completed in February 2010, using grant funding from Sure Start and Cambridgeshire County Council. The Business Plan and building design and construction were developed and managed from the resources within the parent group together with the experience of the committed staff. The Service provision extended existing pre-school care, to offer affordable, good quality childcare including through the school holidays. Our purpose-built setting is situated on Parish Council land and is approximately 4tXim from the Primary School enabling close workin8 With our colleagues in education as well as being convenient for our parent User5. Litde Thetford Acoms would not be able to operate without support of all the parent users, and in particular the efforts of parents on the Committee who work hard to maintain our profile, fundraise for events and act as main liaison between Directors, Users and Staff. The current Directors a very pleased to see that all the hard work in setting up Little Thetford Acorns has resulted in such a well-used Pre-school and a well-regarded community provision. Little Thetford Acoms relies on the dedication of the volunteer Directors and Committee Members and we are pleased that our effort5 and those of the staff have led to such a successful year. K Hilton Chair & Director S Warren Director R Crossman Director S Parish M Warwick R Dunne Director Dirertor Director
LrrrLE THEfFORD ACORNS COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2021 The Mana8ement Committee presents its report and financial statements for the year ended 31 August 2021. Reference and Administration Infomi tion Charity Name: Little Thetford Acorns Charity registration number: 1132906 Company registration number: 06995636 Date of incorporation: 19 Au8USt 2( Registered Office arKI operational addres5: Oak Field. The Wyches. Little Thetford, Cambridgeshire, CB6 3HG Directors: Mrs K Hilton Director Mrs M Warwick (secretary) Director Mrs S Warren Director Mrs R Crossman Director Mrs R Dunne Dirertor Ms Sarah Parish (appointed iith Oct 20211 Dirertor Ms H Roche {appointed 5 Oct 20, resigned 12 Sept 211 Director th Mrs C Gilbey (appointed 5 ort 20, resigned 20 Sept 21) Director Mrs D Harvey (resigned 5th Oct 20, re-appointed 22 March 2022) Mrs K Dyer (resigned 14 Dec 201 Mrs J Ingle (resigned 5 Oct 20) th Mr J Richardson {resi8ned 5 Oct 20) Director Dirertor Dirertor Director Principal Officer: Chairperson, Mrs K Hilton Banker: National Westminster Woolpack Chambers, 16 Market Street. Ely. C87 4YY Sollcftor: Thomson, Webb & Corfield Solicitors 16 Union Road, Cambridge, CB2 IHE Independent Examiner: C Prescott, FCC& A Pond House 56 Station Road Haddenham
LITfLE THETFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST2021 The Directors (Trustees) present their annual report with the accounts for the year ended 31 August 2021. The accounts comply with the requirements of the Companies Act 2tX)6, the Charities Act 2011, the Memorandum and Articles of Association, Financial Reporting Standard 102 and follow the recommendations in 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 1021 (effective I January 20151. STRucfuRE GOVERNANCE AND MANAGEMEKr Governin Document Llttle Thetford Acorns operates as a Charitable Company Limited by Guarantee. incorporated on 19 August 2009 and registered as a Charity on 23 November 2009. The company was established under a Mernorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. ointment of Mana ement Committee and Membershs The directors of the company are also tharitytrustees forthe purpose of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are eletted from existing users of the services to serve for a period of one year after which they must be re*lected at the next AGM, up to a maximum of six consecutive years. The Management Committee typically meet once every 4-6 weeks to discuss busine55 / building and Staffing related matter5. anisational structure and wider network TRUSTEES/MANAGEMENT COMMIThEE Directors & Committee Members Little Thetford Primary School Acting Manager Head Teacher Foundation StageTeacher Office Assistant Deputy Pre-school manager Pre-school Assistants Relief Workers/ Volunteers
LITfLE THEfFORO ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Conslderatlon of ma or risks and the em and rocedures to mana ethem Holding regular meetings enables the Identifation of any major risk early, whether it is financial, staffin8, Ofsted or managementlbuildin8 related etc. Any additional support required is discussed. for example if a si8nificant fundraisin8 event is required or Business Support required from the County Council/Preschool Learning Alliance; or if additional staffing resources are needed. Our Safe8uarding Children and Child Protection Policy is of prime importance and is continually reviewed and updated if required. Daily risk reviews of the setting are essential for the safety of children and staff, therefore a reviewed regularly and updated. No major risks have been identified for this period. Ob ectlves and Artlvltles The companws main objertives, as set out in it5 Mi55ion Statement: At Llttle Therford Acorns it Is our oim to provide a setting in whlch children ore happy ond Secure and in which there is an atmosphere of mutuol trust,. where children know they are valued and resperted. We oim to provide a setting where leorning 15 Cxclting ond an intrinsic port of theirplay ond all that they enjoy. It is our intention to instil in each child a lifelong love of leorning ond to give each child the social skills needed to contribute to the wider community. summary of the principal artivities in relatlon to these objertives: The settin8 attracts pre-schoolers from Little Thetford, but also from the Ely area and surrounding villages. Our holiday club attracts from our pre-schoolers as well as school-age children from Little Thetford Primary School and meets the needs of the families in the village and surrounding villages. Details of the Serrfice Provision Places available Age range Times of openin8 Wrap around a.m. Age 2y- Rising 5's 08.30- 09.00 hours Pre School 25 Age 2y- Rising 5's 09.IX)- 15.00 hours Wrap around p.m. Age 2y- Risin8 5's 15.00- 16.30 hours Holiday Club 16 Age 3y- Age 11 09.1)0- 16.00 hours Please note.. Wrap oround cure w05 only offered during the afternoon on a Monday. Tuesdoy ond Thursday during thefinoncial yeor 2020-21. Wrap oround Core: This provides a welcoming and relaxed environment. where children enjoy a healthy snack if required.
LITfLE THETFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Details of the Service Provision - tontinued Pre-school: Here we continue to provide a welcoming and stimulating environment, providing a variety of activities and opportunities for the children. These include sand and water play. construction tOy5, music and sin8in& arts and crafts, writing area, mathematics area, home corner/rOlp1aY area, as well a5 OPPOrtunitie5 for outside play. We also have a rolling snack time, when healthy snacks brought in from home are enjoyed. On a Monday morning. we run a Forest School session for the over 3's. We spend the morning in the local forest, led by a qualified Forest School practitioner. This inspirational process offers all children regular opportunities to achieve and develop confidence and self-esteem through hands-on learning experiences in a woodland or natural environment with trees. Forest School is a specialised learning approach that sits within and complements the wider context of outdoor and woodland education. We provide a wide and varied curriculum based on the Early Years Fovndation Stage, offering activities and opportunities to enable the children to be confident and independent learners. The staff use information gained through observation and assessment to inform their planning to ensure that individual children's needs are met. Individual progress records are regularly maintained. We ensure that children afe involved in the planning of activities and parents/committee are involved in the future purchases of equipment/resources by a variety of means such as discussions and questionnaires. We use the key-per50n System to enable u5 to work closely with families and help us meet individual children's needs and further enhance the education and care we provide. Lunch provision: Parent5 have the option of extending their child's Session in pre-school, by sending in a packed lunch for their child. Wrap around care: Parents are able to be flexible. according to their daily requirements and book to use the wraparound care provided to extend the hours at pre-school. This financial year, we didn't open up the morning wraparound care, due to lack of demand, but we had two booklngs for an earller drop off on certain mornings of the week. We offered after-school wraparound care on Mondays. Tuesdays and Thursdays. when there was enough demand. Holiday club- Activities offered include sports mornin8, bakin& themed craft work and 8ames. This year, we only ran the Easter Holiday Club due to staffing restrictions in the summer. We will continue to work hard in establishing and promoting Holiday aubs. Partnershi with arents and local commun We have outstanding partnerships with parent/carers. We recognise that parentslcarers are their children'5 primary educators and the importance of working with those closest to the children. We achieve this by ensuring that parents/carers have the opportunity to discuss their children'5 progres5 With staff through regular meetings. Staff are available at the start and end of each session. We actively support parentslcarers if they wish to attend a session at the provision or if they wish to be involved in the organisation of the group by being a committee mernber or regularvolunteer. Unfortunately, due to Covid-19 guideline5, we have had restricted visits from parents and families again this year. We have Bood links with the local school, with regular visits throughout the school year. We also continually strive to seek new links with wiihin our local community-
uLE THETFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Summary of the main a(hvements of the tharlty during the year: Following on from the previous disrupted year. we were able to stay open, for all of our children, throu8hout the entire financial year 2021k21. This in spite of failing to recruit new staff members. In addition to our regular new starters, we also stepped in to support families who had been using a different childcare setting in the village: they had to close at Easter and we tried to take all those families who needed us. We continued to promote parentlcarer opportunity to become involved in Committee and with local fundraising events as appropriate within the guidelines of Covid-19. The fundraising team did an amazing job this year. in spite of the challenges posed bv the pandemic. and succeeded in achieving over 80% of their £3,000 tar8et. This was a combination of fundraising activities, donations and grants. We held Successful themed cake sales in the village at Halloween, Christmas and Easter, alongside additional activities for the children. We also ran two 8a825chool collertions of donated textiles. Our fundraising lead was successful in applyin8 for two grants from the parish council. They also approached the construction company linked to the new housing development, who generously donated £ILK> for sand for our sand pit. During the Summer, Committee put out an appeal for donations from parents and we were amazed by the generosity of those who responded to our appeal. We were able to purchase a variety of resources for pre-school this year with the pots of funding that we received. including a reading pod. a new playdough kitchen. building blocks and a sensory dark den. We also bought a modular climbing frame forthe outdoor area and Soft play equipment to support development of gross motor skill5. We continued to support the Acting Manager, as recruitment has proved very difficult this year. Staff continued to attend cour5e5 online and enhance their training in other areas throughout the year. We maintained a reflective team which helps us to continue to improve and enhance the provision. We continued to keep the website updated to ensure it is an excellent source of information for current users as well as new parents searching for information. We continued to run our weekly Forest School se55ions, led by our Forest School leader. We continued to use Tapestry to record observations and to build relationships between pre-school and parents. We continued to build links With LT primary school where p055ible, given the restrictions. in order to support the children's transition. We finalised the literacy project funded by the Opportunities Area Grant. working in partnership with Ladybirds and knttle Thetford Prirnary School. We erected a new wooden fence over the summer to create a solid boundary, which will give us privacy and ensure the safeguarding of our children as new houses are built behind the pre-school garden.
LITfLE THETFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Plans for future ears The charity plans to continue the activities outlined above in the forthcomin8 year. Further increase our number of users in the afternoons and in our extended 5epiices. Continue to advertise and promote our services. We will be starting an apprenticeship from September 2021 with 3 new member of staff. We aim to recruit additional staff members. Staff development: continue to Identify staff training requirements through the Professional Development Reviews. Half-temify supervision reviews and annual appraisals take place. We are planning on replacing the flooring in the main room and re-paintin8 the main room and toilets to refresh the space. We will continue to improve the resources in the pre•school. We are in receipt of a grant, rolled over frorn previous years, to train a further member of staff as a Forest Sch<)ol leader and to buy resources to support this training. Promote the value of becoming a Committee member to maintain a good balance of old and new members. Financial Review Principal source5 of funds are from Eady Years Foundation Stage funding and parent fee income for pre-school and wraparound care. In the current year, thè charity has focused c105ely on cash flows and ensured costs are closely monitored. Fundraising activities during 20121 were very re5trirted again and we were unable to hold our annual Summer Fun Day, which generates a substantial amount of our fundraising income. Overall, we managed to raise ca. £2,SlJ). Fundraisin8 amounts are used to offset the cost of special artivity days, outings. purchase indoor and outdoor equipment as well as improving the garden area for the children to play in. We rnaintain a calendarof fundraising events. We were also very grateful for the support of Little Thetford Parish Council. who awarded us two grants during the year, totalling £720. These were eamiarked for specific resources at pre- school: to enhance our reading area with suitable seating for the children. to maintain our high standard of hygiene at the setting with a steam mop and to provide two new tablets for our staff team to record observations and capture information regarding the children's development. At the end of the Summer Term, Comrnittee put out an appeal for donations from parents and we were amazed by the generosity of those who responded to our appeal. We received generous donations totalling nearly £4rxi from the Leave. parents. Fees are set at a competitive. but financially realistic rate, to attract parents and maintain financial viability. These fees are reviewed annually. We have cash flow forecasts in place and income is monitored on a regular Imonthly} basis against the budget.
LITfLE THEfFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Flnanclal Review- contlnued The Working Family Tax Credit and Childcare Voucher Schemes are promoted in order to underline the affordability of childcare. We are currently registered with a number of childcare voucher schemes and will register with new ones when parents/carers request us to do so. We currently hold a contingency fund of over 3 month5, running costs. Reserves Poli The Management Committee has examined the Chariws requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestrirted funds not cornmitted or invested in tangible fixed assets held by the charity should be 3 months of expenditure and therefore a target of £25.(K)O should be held in general funds. The resÈn4es are needed to meet the working revenue requirements for the charity and the Management committee a confident that at this level they would be able to continue the current activities of the charity in the event of a si8nificant drop in fundin8. Detalls of An funds In Defklt There are no fund5 materially in deficit. Audit This is a small company therefore no audit is required. An Independent examination is required. Inde ndent Examlner The Independent Examiner. Chris Prescott FCCA of Taxattack. has been reappointed.
LITTLE THEfFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 AUGUST 2021 Acknowled ements The Mana8ement Committee of Little Thetford Acoms is very grateful to all the individua15 and organisations that have helped in a variety of ways during this year of operation. We rely on dedication and time given by staff, volunteers. parents and the local community. We would like to thank individuals. families and organisations for their financial help whether it is from a donation or attending one of our fundraising events. Little Thetford Acorns received other contributions that are much appreciated such as goods and play equipment, which can be used by the children in the setting. People also give up their time to help the charity in many ways (helplng wlth charity collections, belng parent helper in pre-school sessions and fundraising events). We rely on our raffles, fundraising etc to be able to keep providing an excellent service. Little Thetford Acorns would like to extend their thanks to the people who were responsible for giving out grant5 in previous years and those who helped with donations. Publlc Benefft In setting our programme each year we have regard to both the Charity Commission's general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees always ensure that the activities we undertake and sep4ices provided are in line with our charitable objects and aims.
LIME THEfFORD ACORNS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2021 Statement of Directors. Res onsibilities The directors, who also art as trustees, are responsible for preparing the Directors, Report and the financial statements in accordance with applicable law and re8ulations. Company law requires the directors {who are also trustees for the purpose of charity lawl to prepare the financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Atcounting Practice {United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they 8ive a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including income and expenditure. of the company for that year. In preparing those financial statements, the dirertors are required to= select suitable accountin8 policies and then apply them consistently; make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in bu5ine5S. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companvs transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Art 2006. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. Declaratlon The trustees declare that they have approved the Directors. Report above at the Management Committee on and signed on behalf of the charitys trustees by: Si8nature: Kate Hilton Chair Date: Ilk. i . 22 10
Ind¢p¢ndent examiner's report lo the trustees of Ittle Th¢rford A¢orns Year Ended August 31st 2021 I rel on the accounts of the rAffjpany fw year ded August 31" 2021 set out on pages 12-19. Respthe The truste¢s (who are aL80 the direL#ors of the comw for the purpos¢s of regpoDsibilities of company law) are responsible for the weparation of the aexounts. The trustees and trustees consider that an audit is not rUlTed for this year under section 144 ¢xaminer (2) of the Charities Act 2011 (the 2011 Art) and that an independent examination is neeAled. Having satisfxed myself that the charity is Dot subje£t to audit and is eligible for independent examinatioo it is my rtsp)nsibility to: Aamine the aruTrts undeJ Sli0n 145 of the 2011 A( to follow the laid down in the general Directions given by the Charity Commission (unts Wion 145(5)(b) of the 2011 A¢L and to slate whrthu particular matters have come to my attention. of My examinats.on was (xrried out in accordanc£ with general DIrtiOnS given independent by the Charity Commission. An examination includes a review of the examiner's report acc4)unting reCrdS kept by the charity and a r[risOn of the arKounts preSted with those records. It also includes consideration of any unusual items or dlOSureS in the acLY>unts. and kIng explanations from you as tnjstees c4)ncerning any such matteTS. The prOc•lu undertaken do not Provide all the evidence that would be r4uireAI in an audit. and consequently no opinion is Ven as to whether the acUnts presenl a 'true and fair, view and the report is limited to those matters set out in the next statement. In connects.on with my examinatt.oo no matter has come to my attention.. l) which gives me reasonable (3use to believe that material resp the requirements". to keep acrA)unting TOrdS in adance with section 386 of the Comwii&q Act. and Io Prewe accounts which aLxwd with the arxxlunting rec4)rds. MplY with the accL)unting requirements of sechon 386 of the Compani&s Act and with th¢ rnethods and principles of th¢ Statement of Recommended PraLai Accounting and Repoth'ng by Chartties have not been rnet or 2) to which. in my opiniory atttiOll should be drawn in ordtt to enabl¢ a proper undwstanding of the a(xx)unts to be re3th. Independent examiner s Statement C PrestL FCCA Pond House, Station R4 Haddenham Cambs Trdte.. li
LITfLE THETFORD ACORNS STATEMENT OF FINANCIAL ACTivrriES lincludlng Income & Expenditure Aont) FOR THE YEAR ENDED 31 AUGUST 2021 Unrestrfrted Restrlrted Funds Funds 2021 2020 Total Funds Totsl Funds Notes Incomlng resources Incoming resources from . generating funds Voluntary income Activities for generating funds Investment and other income Incoming resources from charitable activities Childcare services 1,518 1,126 785 1,518 1,126 785 303 1,392 5,879 94,498 94,498 57,153 Total Incoming Resources 97,927 97,927 64,727 Rewurces expended Costs of generating furbds Fundraising trading= cost of goods sold and other costs Charitable activities Childcare services Govefflan costs 42 42 201 77,855 1.21S 77,855 1,215 69,402 950 Total Resources Expended 79,112 79,112 70,553 Net surplusl{deficit) for the year Total funds brought forward .18,815 47,354 18,815 47,354 15.826) 53,180 Total funds carried forward 66,169 66,169 47,354 All of the above activities represent ongoing artivities. All recognised gains and losses are reflected in the Statement of Financial Artivities and, therefore. no separate Statement of Total Reco8nised Gain and Losses is disclosed. 12
urrLE THETFORD ACORNS BALANCE SHErr AS AT 31 AUGUST 2021 08 31 Notes Flxed Assets Tangible assets li 131,332 138,024 Current Assets Debtors Cash at bank and in hand 12 1,022 65,113 66.135 691 43,791 44,482 Creditors: Amounts falling due within one year 13 14,378 (11,3541 Net Current Assets 51,757 33,128 Total Assets Less Current LlabllltEes 183.089 171,152 Creditors: Amounts falling due after more than one year Net Assets 14 1116.9201 66.169 1123,7981 47,354 Funds Unrestricted funds 66,169 47.354 These financial statements have been prepared in accordance with the special provisions for small companie5 under Part 15 of the Companies Art 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2CM)8). For the year ended 31 August 2021 the company was entitled to exemption under Section 477 of the Companies Act 2006. No members have required the companyto obtain an audit (rf its accounts forthe year in question in accordance with Sertion 476. The Trustees acknowledge their responsibility for: i) ensuring the company keeps accounting records which comply with Sectlon 386 of the Companies Act 26. and li) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its financial year, and of its income and expenditure for the financial year and which otherwise compty with the requirements of the Companies Art relating to accounts, so far as applicable to the company. By order of the Directors: Mrs K Hilton - Chairperson Date: . 0¥. 11
LIME THEfFORD ACORNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2021 l. Accountlng Polides Basis of accounting The financial statements have been prepared in accordance with 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 l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2CKI6. Little Thetford Acorns meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. Incomlng resources The charity has received government grants in the period. Grants and subscriptions are recognised in the Statement of Financial Activities in the period to which the income relates. All other income is recogni5ed on an accruals basis. Any income restrirted to future accounting periods is deferred and reco8nised in those accounting periods. Investment Income Investrnent income is included when receivable. Resources expended Resources expended are included in the Statement of Financial Activities on an accruals basis. inclusive of VAT which cannot be recovered. Charitable activity costs include attributable staff and other costs for each area of the organisatiorb together with a corresponding apportionment of support costs. The basis of apportionment is a cost centre allocation based on the headcount. Govemance costs are those associated with constitutional and Statutory requirements. Tangible fixed assets Depreciation is provided at the following annual rates iri order to write off the cost less estimated residual value of each asset over its estimated useful life. Equipment. fixtures and fittings Freehold building 15% on reducing balance 3r$ straight line stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Tamation The charity is exempt from corporation tax on its activities.
LIrnE THETFORD ACORNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 l. Accounting POleS- ConnYed General Funds These are funds which can be used in accordance with the charitVs objectives at the discretion of the Trustees. Designated Funds These are funds set aside by the Trustees from the general funds for speclfic projerts. Restrirted Funds These are monies, which have legal restrictions on their use where donors have specified the funds can only be spent on certain of the charl5 activtties. Cash Flow A cash flow staternent has not been prepared as the Trustees have taken advantage of the exemptions afforded by Financial Reporting Standard Number l (revised) as the charity is of similar size to a small company. Income and Expenditure Account As the Statement of Financial Artivities reflects the information required by the Companie5 Att in relation to income and expenditure, a separate Income and Expenditure Account has not been ppared. Cost of Generating Funds This comprises all expenditure relating to raising funds for the charity. 2. Voluntary Income Des 31 2020 Donations 1,518 1.518 303 3. Artivltles for Genefatifi8 Funds 2020 Fundraising events Sales of uniform 982 144 1.126 1,351 41 1,392
LrrrLE THEfFORD ACORNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Investment and other Income Interest received Grants received Miscellaneous income 411 4,963 505 5.879 721 61 785 Incomlng Resources from Charitable Actfvltles 31 2021 31 2020 Childcare fees (received from parents) Childcare fees Ireteived from Cambridgeshire County Council Early Year5 Foundation Stage funding) 24.078 6,481 70,420 50,672 94.498 57.153 Fundralslng Tradlng: Cost of Goods Sold and Other Costs Sundry expenses relating to fundraisin8 activities 42 201 16
ULE THEfFORD ACORNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf 2021 Dirert Costs of Charitable Artlvitles 31 2020 Staff costs Repairs and maintenance Cleaning and hygiene Toys and creative Insurance Food Bad debts Office cost5 Water and rates Elettricity Training Telephone and internet Payroll charges Advertising Media Licen¢È Software Uniform Holiday club expenses Of5ted Fees Other professional fees Sundry expenses Depreciation Deferred income credit- Government grant Forest School Equipment expensed 58.146 2,879 3,280 2,25S 1.505 14 58,146 2.879 3,280 2.255 1.505 14 52,959 1.600 1,135 710 1.504 632 61 1,919 1,106 936 520 1.535 1,386 1.025 180 414 160 1.575 1.575 1,096 651 651 316 163 432 316 163 432 400 35 518 421 7,731 (6,878) 35 518 418 7,731 16.878) 35 618 182 7,660 16,8781 26 893 26 893 77.855 77,855 69,402 8. Governance Costs. 31 08 2020 Accountancy and l.E. fee 1.215 950 9. Dlrector5' Remuneration and Benefrts There was no directors. remuneration or other benefits for the year ended 31 Au8USt 2021 (2020- £nil). Directors, Expenses There were no directors. expenses paid for the year ended 31 August 202112020- £nill.
LrrTLE THEfFORD ACORNS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 10. Staff Costs 31 2021 31 08 2020 Wa8es and salaries NEST pension contributions 57.423 723 58.146 52,392 567 52,959 No employees received remuneration greater than £60,LKIO. The average number of employees during the year was: 2021 Number 2020 Number Direct charitable artivities Management and administration The charity is now registered and providing pension Schemes to employees with NEST. 11. Tangible Fixed Assets Leasehold Land and Freehold Buildln ui Fixtures & Fittin Total Cort At 0110912020 Additions in the year Disposals in the year At 3110812021 212,893 15,998 1,039 228,891 1,039 212,893 17,037 229,930 Depreciation At 0110912020 Charge for the year Elimination on disF)05als At 3110812021 78,061 12,806 635 90,867 7,731 85,157 13,441 98,598 Net Book Value At 3110812020 At 3110812021 134.832 127,736 3,192 3,S96 138.024 131,332 The charity holds a lease on the land from the local Parish Council. A peppercom rent has been paid for a period of 25 years from August 2008.
urrLE THETFORD ACORNS NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST ZOZI 12. Debtors: Amounts Fallin8 Due Wrthln One Year 31 08 31 08 Trade debtor5 Other debtors 1,022 75 616 691 1,022 13. Credltors: Amounts Falllnc Due Wlthln One Year Accruals and deferred income Other creditors 10.616 3,762 14,378 8.754 11.354 14. Creditors: Amounts Falling Due After More Than One Year 31 08 31 Deferred income: Government grant brought f(wward / received 123,798 130.676 Transfer 1130 to arnounts falling within one year 16,8781 116,920 6,878 123,798 Grant funding was received from Cambridgeshire County Council for the purpose of business planning, building design and construction. It is of the directors, opinion that the building will have an estimated useful life of approximately 30 years; therefore the deferred income will be credited to the Statement of Financial Activities in equal instalments over 30 years. 15. Taxation Little Thetford Acorns is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part11 Corporation Tax Act 2010 of Section 256 of the Taxation of Chargeable Gains Art 1992, to the extent that such income or gains are applied excluSNely to tharitable purposes. 19