Company Number 0699S636 Charity Number 1132906 LIThLE THETFORD ACORNS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 'AE24FJSC* 0810512025 COMPANIES HOUSE A06
LIThLE THETFORD ACORNS REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST2024 Contents Page Dlrectors, Foreword Company Information Report of the Trustees 4-12 Independent Examinees Report 13 Statement of Flnancial Activitles 14 Balance Sheet 15 Notes to the financial statements 1&21
LmiETHETFORD ACORNS DIRECTORY FOREWORD FOR THE YEAR ENDED JI AUGusf 2024 Llttle Thetford Acorns Prfrschool & Chlldren's Club was Incorporated on 19th August 2009, re8lstered as a charlty on 23fd Novernber 2009 and comrnenced actlvltles In January 2010. A purpose-bultt bulldln8 was completed In February 2010, u51n8 8rant fvndln8 from Sure start and Cambrld8eshlre County Councll. The Buslness Plan and bulldln8 desl8n and constructlon were developed and fflanaged from the resources wlthin the parent 8roup tO8ether wfth the experlence of the commltted staff. The servlce provlsion extended extstlnq prtrschool care. to offer affordable, 8ood quallty chlldcare In¢ludln8 throu8h the school hollday5. Our purpostrbultt settln8 1$ sltuated on Parlsh Councll land and Is approxlmately 400m from the Prlmary School enabllftg close workln8 wlth our colleagues In educatlon os well as beln8 convenlent for our parent users, Llttle Thetford Acorns would not be able to operate wlthout support of all the parent users, and In partlcular the efforts of parents on the Commfftee who work hard to malntaln our proflle, fvndralse for event5 and act as maln Ilatson between Dlrectors, Users and Staff. The current Dlrectors are very pleased to see that all the hard work In settln8 up Uttle ThetfDrd Acorns has resulted In such a welkused Pre-sthool and a well.re8arded cofflfflunlty provlslon. Uttle Tharford Acorns rnlles on the dedlcatlon of the volunteer Dlrertors and Committee Members and we are pleased that our efforts and those of the staff have led to another successful year. J Wardle Chalr & Dlrector K Bond Treasurer & Dlroctor E Parker Boreham Secretary & Olrertor E McKlernan Dlrector. D Baker Dlrector E Warrln8ton Dlrector S Slok Dlrertor K Broadbent Dlrector
UlETNETFORDAcORNS COMPANY INFORMAIION FOR THE YEAR ENDED 31 AUGUST 2024 The Management Cofflmlttee presents Its report and financlal statements for the year ended 31 Au8USt 2024. Inlitrat onl Charlty Name: Uttle Thetford Acorns Charlty re8lstratlon number: 1132906 Company re81stratlon number: 06995636 Date of Incorporatlon; 19 Au8USt 2009 Re8lstered Offlce and operatlonal addre5S: Oakfield, The Wyches, Little Thetford, Cambrldge5hlre, CB6 3HG Dlre¢¢•rs: Mrs K Broadbent ( appolnted 28th November 2024) Dlrector Mrs S 51ok ( appolnted 23rf October 2024) Actlve Dlrector Mrs E Warrln8ton { appolnted 23rt ottober 2024) Actlve Dlrector Mrs E Parker Boreham ( appolnted 23 Ortober 2024) Actlve Dlrector Mf D Baker { appolnted 23rt Aprll 2024) Actlve Dlrertor Mr R Cra18 l appolnted 19th March 2024, res18ned 20th Sept 2024) Olrector Mrs J Wardle ( appolnted 13th June 2023) Actlve Dlrertor Mrs M Ghlta ( apponted 13th June 2023, re$led 23nl ort 2024) Dlrector Mrs S Hartley l appolnted 13th June 2023, resl8ned 23ft1 Oct 2024 Dlrector Mr5 E Weaver Olrector ( appolnted 17th Nov 2022, resl8ned June 2023. rapPOInted Sept 2023, resl8ned 20th S•pt 2024) Dlrector Mrs K 8ond l •ppolnted 13th June 2023) Actlve Dlrertor Mr5 E McKlernan ( appolnted 18th September 2023) Actlve Dlrector Mrs C Wagstaff l appolnted 17th Nov 2022, re518ned 19th Marth 2024) Dlrector Mr5 S Klndred ( appolnted June 2023, resl8ned 23NI Marth 2024 Dlrector Mr N Mecheerl Dlrector ( appolnted 13th June 2023, re518ned 29th September 2023) Mrs C Prultt ( appolnted June 2023, resl8ned 5th February 2024) Dlrector
Prfndpal Offlce Chalrperson, Mrs J Wardle Banker: Natlonal Westmlnster Woolpack Chambers, 16 Market Street, Ely, CB7 4YY Investment Banker: Unlted Trust Bank One Ropemaker street London EC2Y 9AW Solldtor Thomson, Webb & Cortleld Sollcltors 16 Unlon Road, Cambrld8e, CB2 IHE Ind•pendent Examlner: C Prescott. FCCK A Pond House 56 Statlon Road Haddenharn
UrnE THETFORD ACORNS RepoRT OFTHETRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Dlrectors (Trustees) present thelr annual report wfth the a¢wunts for the year ended 31 Au8USt 2024. The accounts comply wlth the regulrements of the Companles Act 2006, the Charltles Art 2011, the Memorandum and Artlcles of Associatlon, Flnanclal Reportln8 Standard 102 and follow the recommendatlons In Accountln8 and Reportln8 by Charitle5: Statement of Recommended Practlce appllcable to charltles preparln8 thelr accounts In accordance wlth the Flnandal Reportln8 Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2015). RUCTURE GOVERNANCE NDM NAGEME Llttle Thetford Acorns operates as a Charftable Company Llmlted by Guarantee, Incorporated on 19th Au8USt 2009 and re8lstered as a Charlty on 23rd November 2009. The campany was estsbllshed under a Memorandum of Assoclatlon whlch establlshed the objerts and powers of the charftable company and Is governed under fts Artlcle5 of AssKlrtlon, In the event ol the MpanY beln8 wound up, members are re9ulred to contrlbute an amount not exceedln8 £1. ento Mana nt The dlrector5 of the company are also chèrlty trustees for the purpose of charlty law and underthe compan5 Artlcles are known as members of the Mana8ement Comrnlttee. Under the requlrements of the Mernorandum and Artlcles of A550clatlon the members of the Mana8ement Committee are elected from exlstlng users of the servlces to serve for a perlod of one year after whlch they must be rfrelected at the next AGM, up to a maxlmum of slx conse¢utlve years. The Management Committee typlcally meet once every fy6 weeks to dlscuss buslness / bulldln8 and staffln8 related mattets. TRUSTEESIMANAGEMENT COMMITTEE Dlrectars & Commfttee Members Llttle Thetford Primary School Mana8er Head Teacher Foundatlon Sta8e Teacher Office A5slstant Deputy Pr&School mana8er Earty Years Practltloners Rellef Worker51 Volunteers
UTnE THETFORD ACORNS REPORT OF THETRUSTEES . FOR THE YEAR ENDED 31 AUGUST 1024 and the rttedures to man them oldlng re8ular rneetlngs enables the IdeThtfficatlon of any major rlsk early. whether ft Is flnanclal, staffln& Ofsted or management/bulldlnB related etc. Any addftlonal support requlred Is dlscussed, for example If a sl8nfficart fundralsln8 event Is requlred or Buslness Support requlred from the County Councll/Early Years Alllance; or If addltlonal staffln8 resources ,are needed. Our Safe8uardln8 Chlldren Pollcy Is of prlme Importance and 15 contlnually revlewed and updated If requlred. Dally rlsk a55essments of the settln8 are essentlal for the safety of chlldren and staff. therefore are revlewed regularly and updated. No major rlsks have been Identffled for thls perlod. Ob The companvs maln objectlves, as set out In Its Mlsslon Statement: At uttle Therford Acorns It Is our alm to provlde a settlnq In whlch chlldren are happy and secure and In whlch there ts on atmosphere ol mutual trus¢, where chlldren know they are valued and resperted. We alm to provlde a settlnq Whe learnlng Is exeitlng ' and on Intrlnslc part of thelr ploy ond all that they enloy. It Is our Intentlon to Instll In eo¢h chlld o lrfelong love of learnlnq and to glve each thlld the s(xlal skllls needed to contrlbute t? the wlder communlty. Summary of the prlnclpal artlvltles In relatlon to th•se objectlves: The settlng attrDLts prtrschoolers from Little ThetFord, but also from the Ety area and surroundlng vllla8es. Our hollday club attrdrts from our pre4choolers as well as KSI prlmary school.a8e chlldren fram Llttle Thetford Prlmary School and meets the needs of the famllles In the vllla8e and surroundln8 vllla8es. in Pk7ce5 avallable A8e ran8e Tlmes of openln8 Pre-school 25 Age 2.5 yrs- Rlslng 5's 09.00- 15.00 hours Hollday Stay & Play sesslons 20 A8e 2yrs- ABe 7 09.00- 12.00 hours
UTTLE THETFORD ACORNS REPORT OF THE TRiisfEES FOR THE YEAR ENDED 31 AUGUST 2024 ofthe Pre*school: Here we contlnue to provlde a welcomlnB and stlmulJtln8 envlronment, provldln8 a varfety of actlvftles and opportunltle5 for the chlldren. These Include sand and water play, constructlon toys, ffluslc and sln8ln& arts and trafts, wrltln£ area, mathernatlcs area, home cornerlrolfrplay area, as well as opportunltles for o(rtslde play. We also have a rollln8 snack tlme, when heatthy snacks brou8ht In from home are enjoyed. On a Monday mornln& we run a Forest School sesslon for the over 3's. We spend the momln8 In the local forest, led by a qualffied Forest School prartltloner. Th15 Insplratlonal process offer5 all chlldren regular opportunltles to achleve and develop confldence and self•e5teeffl throu8h h3ndOn learnln8 experlences In a woodland or natural envlronfflent wlth trees. Forest School15 a spedallsed learnln8 approach that sits wlthin and complements the wlder context of outdoor and woodland educatlon. We provlde a wlde and varled currfculum based on the Early Years Foundatlon Sta8e, offerfna actlvltles and opportunftles to enable the chlldren to be confident and Independent learners. The staff use Informatlon 8alned throu8h ob5ervatlon and assessment to Inform thelr planftln8 to ensure thit Indlvldual chlldren's ne•dg are met. Indlvldual pro8re5s records are re8ularly m•lntsined. We ensure that thlldren are Involved In the plannlnB of artlvltles and parents/¢omrnittee are Involved In the future purchases of equlpmenvresources by a varlety of means suth as dlscusslons and questlonnalres. We use the key"person system to enable us to work dosely wlth farnllles and help us meet Indlvldual chlldren's needs and further enhance the educatloft and care we provlde. Lunch provlslon: Parents have the optlon of extendlns thelr chlld's sesslon In prfrschool. by sendln8 In a packed lunch forthelr chlld. Hollday club: Thls year. In Ileu of a stèffed holldays club, the commlttee rnn a serles of Stay & Play sesslons for parents/carers and thelr chlld, runnln8 for a couple of hours durln8 the rnornln8. Partneys We have outstandlng partnershlps wlth parentlcarers. We reco8nlse that parentslcarers are thelr chlldren's prlmary educator5 and the Importance of workln8 wfth those dosest to the chlldren, We achleve thls by ensurln8 that parentslcarers have the opportunlty to dlscuss thelr chlldren's PfO8ress wlth staff throu8h re8ular meetln85. Staff are avallable at the start and end of each sesslon. We actlvely support parents/carers If they wlsh to attend a 5esslon at the provlslon or If they wlsh to be Involved In the organlsatlon of the 6Youp by beln8 a commlttee member or re8ular volunteer. We held an Open Day In the summer, to encourage new, prospectlve famllles to vlslt and experlence our settln8 for themselves, We have 8ood Ilnks wlth the local school and contlnually 5trlve to seek new Ilnks wlthln our local communlty.
LIME THEfFORD ACORNS REPORT OF THETRUSTEE5 -FOR THE YEA"R"ENDED-31-AUGUST 2 Summary ofthe maln 8th18eThts ofthe charfty durfft8 th• year: We had our long.antldpated Ofsted Inspectlon In May 2024 and were dell8hted ta bé 8Yaded Good a8aln. Thls year has been a much busler year for us; after 8alnln8 • new commlttee In summer 2023, we focused on recrultln8 new thlldren and ended the year wfth 33 chlldren on the reglster, Includln8 16 younger chlldren who stayed on forthe academlc year 20225. We recNlted a Level 3 apprentlce, who started at the be8lnnlng of the summer term and wlll spend 18 months completlng her tralnln& We also recrulted successfully fortwo other Staff membersthls year: a qualffled, part- tlme member of the team who started In the autumn term and a qualffled prlmary teacher, who rtepped In at the end of the year and wlll contlnue on a permanent contract, Staff Contlnued to attend cours•5 onlln• •nd enhance thelr tralnln8 In other areas throu8hout the year. Our laryest fundralslns was a GoFundMe campal8n, launthed by the commlttee In October 2023. Afthouth It dldn't spread vlrally as we had hoped, local sUPPOrteYs of preschool were very 8enerou& We successfully bld for a small Brant from the Ilotsry club to cover the cost of replacln8 our securlty118ht out51de the front of pre•school. We were pleased to hold an Open Day for prospertlve new famllles In th• sprln8 term and two successful Stay & Play sesslons In the summer holldays. We opened our doors to the communlty twlce durfng the summer term foi successful malntenance days In the 8aiden. We transltloned successfvlly the ¢ohort ol chlldren movlng to prlmary school In Sept 2024. We contlnued to bulld relatlonships wlth the vlllage by tskln8 Part In communlty fundralsln8 actlvltles and were honoured for the pre-school chlldren to be Invlted to press the 'bl8 red button, at the Chrlstmas tree Ilthts swltch on. We contlnued to run our popular weekly Forest School sesslons led by our Forest School leader. We contlnued to use Tapestry to record obsemtlons and to bulld relatlon5hlp5 between prtrschool and parent We contlnued to bulld Ilnks wlth LT prlmary school, Includln8 the chlldren's vlsft for Road Safety Week and prtrxhool's vlsft In December to watch the school natlvlty. • At the be8lnnln8 of the year. we welcorned a student from Cambrld8e Re8lonal Colle8e. She came Into the pre-school for 2 days a week between October and February to let handn experlence as part of her pro8ramme. We opened a Charlty 3 Month Band wlth Unlted Trust Bank to secure our reserves. Thls money was locked away for the length of the bond and consldered for short term relnvestment on maturtty. Our Baby and Toddler Group was restarted In September 2023 by a member of staff and the Chalr, plus a small team of volunteers. Th15 wa5 very popular Inltlally. as we hadn't run ft 51nce before Covld. The numbers decreased, but we contlnue wlth a small 8roup of regular and new famllles and It Is provln8 a useful tool to recrult and bulld relatlonshlps wfth new famllles before re8lsterln8 at prfrschool.
UME THETFORD ACORNS REPORT OFThE ThumES FOR THEYEAR ENDED 31 AUGusf 2024 Plans f The charlty plons to contlnue the actlvhles outllned above In the forthcomln8 year, although we are not offerln8 wraparound care a8aln thls academlc year. The commlttee wlll be warkln8 hard to Increase our Income and vlslbllfty. The focus Is on Increasln8 awareness of our pftrschool wlthln the local vllla8es and the wlder area and we wlll advertlse and prnmote our servlce5 vla free channe15. We need to Increase the number of users to ensure lon8er.term vlabS11ty. We have started the year wlth a lar8e number of chlldren on the re8lster and, forthe flrst tlme, all but one of the chlldren Is funded due to the new Early Years fundln8 entltlement for workln8 famllles. We are also tskln8 chlldren youn8er th15 year, startln8 at 2 years 3 month& As overhead costs wlll 80 up a8aln thls year, especlally wfth the Increase In mlnlmum wa8e and NIC, the ur8ent prlorlty rernalns to Increase our Income through both fundln8 and fundra151n& We have a second Level 3 Earty Years Educator apprentlce who started In September 2024. We stlll hope to recrult a bank member of stsff, to take the pressure off staff slcknessltralnlns. We have some 121 staffln8 requlrernents thls year for the chlldren. Stsff development: contlnue to Identlfy staff tralnln8 requlrements. Half-terrnly superv151on revlews and annual appralsats take place. • We wlll promote the value of becomlng a Commlttee mernber to malntsln a good balance of old and new members. We need to recrult a new Chalr before the next AGM. Commlttee wlll focus on yant opportunftles, as well as sponsorshlps or donatlons from local buslnesses, to help boost our Income for 2024-25. A 100 Club Lottery has been set up wlth monthty draws from September 2024 to Au8USt 2025. The manager, who Is our Forest School lead, wlll work wlth commlttee to develop the forest school area on sfte. We have been 8ranted a new hedge by the Woodland Trust, whlch wlll be planted In 5prln8 2025, creatln8 a secure barrler between the maln rden and the area deslgnated for forest xhoDI, Thls should enablo us to Increase the number of forest school sesslons, makln8 It avallable for more thlldren throu8hout the week. We have been donated 6 second-hand laptops by the Dlstrlct Councll. Once set up wlth the servl£es of an IT volunteer, we wlll ffl18rate the manayr to the new laptop and dlspose of the legacy desktop computer systsm. Flfta Prlnclpal sources of funds are from Early Years Foundatlon Sta8e fundln8 (whlch accounted for 81% of our Income durlng 2023-24, much hl8her than last year). In contract, the parent fee Income for pre-school was onty 12%. Our yearly turnover was ca. £40k hl8her than bud8et, malnly due to Increaslng numbers on the re8lstef through0 the year. DurlnB the year, the Chalr opened a Charlty 3 Month Bond wlth Unlted Trust BanK and we Invested £20k of our reserves Into Ihls accounL Thls money Is locked away for the len8th of the bond and coTrsldered for short term relnvestment on maturlty.
Fundra151ng Income Is used to cover overheads, offset the cost of speclal purchases of Indoor and outdoor equlpment and resources as well as Improvln8 the Indoor settin8 or 8arden area. We were able to sllthtly exceed our fvndralsln8 tsr8et durln8 FY 2023-24, ralsln6 around £3.5k In the followln8 ways: Artlvltles held In LT vllla8e { l.e. DOB Show. Cake Sales) GoFundMe campalgn Chlldren's actlvltles/events at prfrschool ( l.e. Sponsored walK Chrlstmas card5) £567 Grants £380 Broader communfty actlvltles outslde the vlllage ( l.e. Ely Market tombola) Donatlons £1,041 £249 Fees were kept the same rate as last year: £5.75 per hour, to remaln competltlve. These fees are revlewed annually. We have cash flow fDrecasts In place and Incorne Is monltored on a re8ular (monthly) basls a8alnst the bud8et. The Workln8 Faffllly Tax Credlt and Chlldcare Voucher Schemes are promoted In order to underllne the affordablllty of chlldcare. We are currently re8lstered wlth a number of chlldcare voucher schemes and wlll re8lster wlth new ones when parentslcarers request us to do so. The hl8hest expendlture was the wage blll, whlch accounted for 78% of our costs and 76% of our overall Income. The wage blll was £2.8k above bud8et, whlth orl8lnalty accounted for only 4 members of staff. However durln8 the year, we recrulted a part-tlme member of Staff. plus an apprentlce who started In the Summer terni. In addltlon, the mlnlmurn wa8e Increased more than we had antlclpatsd In Aprll. Three other areas of cost thls year were as follows: Phone costs: In the summèr terni, we thanled ¢)ver our telephone System wlth BT to dl81ts1. There was a char8e to do thls and an Increas• In the monthly contract. Insurance: The Early Years Alllance Insurance company revlewed the bulldln85 Cost for the first tlme ft>r a few yea15. Accordlngly. the bulldln8s Insurance Increased by 50% thls year and wlll Increase a8aln next year. Malntenance: Followln8 the BT change to dl8ltal, we upgraded the alarm system to dl8ltal at a cost of £829. We dldn't make any s18nlflcant resource purchases durln8 thls flnanclal year. We contlnue to hold a contln8ency fvnd of 3 month¥ runnlng ¢OSts• plus £15k In the Natwest Reserve Account In case of any emergency.
UTTLE7HEfFORD AttIRNS REPORT OF7HE TRUMES FOR ThE YEAR ENDED 31 AUGUST 2024 The Mana8ement Commlttee has examlned the Ch3rWs requlrements for reserves In118ht of the maln rfsks to the or8anlsatlon. It has establlshed a pollcy whereby the unrestrlcted fvnds not committed or Invested In tan8lble flxed assets held by the charlty should be 3 months of expendlture aftd therefore a target of £25,000 should be held In general fvnds. The reserves are needed to meet the workln8 revenue requlrements for the charlty and the Mana8ement committee are confident that at th15 level they would be able to contlnue the current artlvitle5 of the charlty In the event of a $18nlflcant drop In fvndln& There are no funds materlally In deflclt. Thls Is a small company therefore no audlt Is requlred. An Independent examlnatlon 15 requlred. Ind tExa The Independent Examlner, Chrfs Prescott FCCA of TaxattacK has been reappolnted. 10
LrrTLE THETFORD AttIRNS REPORT OFTHE TAUSTEES FOR THE YEAR ENDED 31 AUGusf2024 The Mana8ement Commltte• of Llttle Thetford Acorns Is very 8rateful to all the Indfvlduals and or8anlsatlonsthat have helped In a varlety of ways durlnB thlsyear of operatlon. We rely on dedlcatlon and tlme 8lven by staff, volunteers parents and the local communlty. We would Ilke to thank Indlvlduats, famllles, or8anlsatlons and members of the local vllla8e communlty for thelr flnanclal suppor( whethar It Is from a donatlon or attendln8 on• of our fundralsln8 even Llttle Thetlord Acorns recelved other contrlbutlons that are much appredated such as 8oods and play equlpment, whlch can be used by the chlldrnn In the settln People also 8lve up thelr tlme to help the charlty In many ways {helpln8 wlth charlty collectlons, beln8 parent helper In prfrschool sesslons and fundralsln8 events). We rely on our raffles, fundralsln8 etc to be able to keep provldlni an excellent servlce. Llttle Thetford Acorns would Ilke ta extend thelr thanks to the people who were responslble fi>r 8lvln8 Out grants In prevlous years and those who helped wfth donatlons. 11¢ Benefft In setting our programme each year and plannlng future artlvltles, we have re8ard lor both the Charlty Comm15slon's general 8uldance on publlc benefft and preventlon and rellef of poverty foi the publlc benefft. The trustees alway5 ensure that the actlvltles we undertake and servlce5 provlded are In Ilne wlth our charltable objects and alms.
UTfLE THETFORD ACORN5 REpoirr OF ThE TRUSTEES FOR THE YEAR ENDED 31 AUGU5T2024 ment of Dlr slbllltles The dlrectors. who also act as trustees, are re5ponslble for preparln8 the Dlrectors, Report and the flnanclal statements In accordan¢e wlth appllcable law and re8ulatlons. Company law requlres the dlrectors Iwho are also trustees for the purpose of charlty law) to prepare the flnanclal statements for each flnanclal year. Under that law the dlrectors have elected to prepare the flnanclal statements In accordance wlth Unlted Kln8dom Generally Accepted Accountln8 Practlce (United Kln8dom AccountinB Standard5 and. appllcable law). Under company lawthe dlrectors must not approve the flnanclal statements unless they are satlsfled that they 8Sve a true and falr view of the State of affalrs of the company and of the Incomln8 resource5 and appllcatlon of resources, In¢ludln8 Income and expendlture, of the company for that year. In preparln8 those Ilnandal rtatements, the dlre¢tor5 are requlred to; select suftable accountln8 pollcles and then apply them conslstently: Make Judgements and estlmate5 that are reasonable and prudent. state whether appllcable UK Accountln8 Standard5 have been followed, subjert to any rnaterlal departures dlsclosed and explalned In the flnanclal statements. and prepare the flnandal statements on the 8oln8 concern basls unless It Is Inapproprlate to presume that the company wlll contlnue In buslness. The dlrectors are responslble for keepln8 adequate accountlng records that are sufficlent to show and exp131n the compan¢s transactlons and dlsclose wlth reasonable accuracy at any tlme the financlal posltlon of the company and enable them to ensure that the flnanclal statements comply wlth the Companles Art 2006. They are respon51ble for safe8uardln8 the assets of the company and hence fortskln8 reasonable steps for the preventlon and detertlon of fraud and other Irre8ularltles. The trustees declare that they have approved the Dlrectors, Report above at the Mana8ement Committee on 26th March 2025 and sl8ned on behalf of the chartys trustees bv: Sl8nature: Jacquellne Wardle Chalr Date: a8th Afyil acAS 12
Independent Euminer's Report to tbe trujteu of Little Therford Acorns Period Ended August 31st 2024 I report on the company's accounts for year ended Au8USt 31rt 2024 set on pages 1&21. Respective The trusteu are responsible for the preparation of the ac£ounts. The ITusffts respoosibilities of eA)nsider that an audit is not required for this year under section 144 of the trnstees and Charities Ad 2011 (the 2011 Ath) and that an independent exarnination is examlner needed. Havin8 satisfied myself that the Gharity is not subject to audit and is eligible for independent examinatioTL it is my responsibility to: examine the aca)unts under section 145 rf the 2011 Act. • to foljow the procethwes laid down in the 8eneraJ Directions 8iven by the Charity Commission (Under section 145(5)(b) of the 201 I ACL and to slate whether particular matt¢r5 have Come to my attention. B9sig of My eXamin10n was carried out in ac£oftlanex with 8eneral DIr110nS given independent by the Charity Commission. An examination includes a review of the examiner'g report accounting records kept by the charity and a rA>rnP8rison of the accounts presenied with those record& It also includes rAJnsideration of any unusual items or dixlosures in the aca)uni& and seeking eXplanlonS from you as trustees cA)nc£rnin8 any such matters. The procedures undertaken do not provide all the evidencx that would be required in an audi( and nseqUentlY no opinion is given as to whether the aL%ntS preseni a 'true and fair. view and the report is limited to those matters set oul in the next statemenL In nneCti1)n with rny examinaiion. no matter has come to my attention: l ) which gives me reasonable cause to bdieve that in, any material respe¢t. the requirements: to ke£p accounting rw)rds in accordance with section 386 of the Companies Ad: and to prepare accounts which accord with the acxounting recA)rd& rJ)mply with the arxountsng requirements of section 386 of the Cornpanies Act and with the methods and principlcs of th¢ Ststement of ReMmended Prathice: ALnting and Reporting by Charities have ftot been met or 2) to whi¢l4 in my opinioo attention Sh¢Id be drawn in Irder to enable a proper understandin8 of the accounts to be reached. Independent examiner's slaiement C Presco1( FCC& Pond Hou¥ Station Roa¢ Haddenham. Cambs Date: April 28 2 13
Littlo Thelford korns statement of Flnanclal Actfvitleg for thé yeaw ondod 31 August 2024 Unre5tr1thd Restiirte fun 2024 Total fun 2023 Totsl lunds Not•s Incomlng res¢urus Incoming resource5 Irom generating funds Voluntary income Ad¥illes for gonernling funds Investment and olhef income Incoming resources from charSlabl• actlvffjes Childcarè seryices 267 2,923 2.807 287 2.923 2.807 860 3.259 72.373 72.3n 55.995 Totsl In¢omln9 r•re• 78.370 78.370 61,2T7 Resource# expended Costs ol geneTallng funds Fundraising trading.. ¢08t of good8 Sold and olher costs Ch•rltable 4ctlvltl•$ Childcare sorvic8s G0Man¢ co¥ts 20 72,793 1.100 72.793 1.11x1 74.669 950 Totsl R•Sou•S Exp•nd•d 73.913 73,913 75,654 N•1 •urplusl{d•ficlt) lor th• y••r Total funds broughl foThYard 4.457 44.632 4,457 {14,377) 59,009 Total fvnd• ¢arrf•d lon¥ard 49.089 49,089 44,632 All ol tho abov• aclivit¢as represent ongoing octpiib'es. All recognlsod gains and1088•s ar• r•flecled in tho Statement of Financial Acliwtffjs and, Ih•r•foro. no separnl• sthtemenl ofTolal RKognised Going and L0s808 1$ disclosed. 14
Draft 1W R•Bl4t•r•d numb•r B•Eane• 8tt•at a• a1 Augu•t 2D24 06995638 Flx•d u•01• Tanglblo 11 111A20 118,310 Cuff•nt ••••{• 12 734 Coth at blftk and In Iw 85,847 48,100 Cr•dltm: am•unb falllng wllhln •n• 13 (312781 (10,814) 31069 Fund• Uhrultht•d lund8 146.080 Tho dli•dorn 8•U•ft•d th•1 th• cofflpfjny l• •nUtted to •x•mpkn fmm tho rnqulr•m•nl lo obthln an oudit M¢alDn 477 ofth• Camparth• Ad 2008. Th8 mombw• havo MI rnqufr•d lh• Lwnpany lo ¢blAln an •udft In lth 478 al Thè dirnrAoY• trwr vowJnèlbllM•8 fry vAth th• requirom•nts rf tho Comp•nl•• Ad 2006 wlth rngp•et to lccountlw rnaord• gnd th• pMp•r•rf¢Jn ¢1 WUnt Th• aou>unts b••n prnpornd and d8ll¥ernd In oLwrd•nce wlth the •p•clJl Pl10n• oppll¢abl8 to oomp8fila8 yThdoT Pwt 15 fAth8 Compan1•• Ad 2C418 and Tlth Ih Flnanoknl Roportlng 8tandwd for Smlr Entttl•• Aprfl 2008>. Th• TntM8 •cknoithdge th•Jrrn•p¢wwlbtllty for. ) •n•urfng thg ()mp•ny k••p• icwinllno r•¢Nth whlth (¥IrnPty*tth 8•¢llon $18 lh• Comp8nl•• A¢¢ 2fyX; and 11) V•PAthR a¢Ents whlth a tnio and f8lrvlow olth• •tsl• ol •ff•lrn o1th• mPanY u •t lh• •nd of Ila fmn@Il
•ar 4th1th ¢tho)wl8• vJmply*1th th• rnqulr•mants of th• C4mponlo• kt rnlrfng to erAyJunts. •0 lar •• •pplk¥N• lo th• ¢ornpaThy. J W•idl• Approvad by th• bo•rd on QetK &0 2
Little Thetford Acorns Notes to the Accounts for the year ended 31 August 2024 l Accountlng pollcle8 Basls of preparation The accounts have béen prepared under thè historical cost convention and in accordance with FRS 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Turnover Turnover is measured at the fair valu8 of the consideration received or receivable, net of dlscounts and value added taxes. Turnover Includes revenue eamed from the sale of goods and from the rendering of services. Tumover from thè sale of goods is recognised when the significant risks and rewards of ownership of Ihe goods have Iransferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work perforrned to date to the lolal estimated contract costs. ranglble fixed assets Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated Impairment losses. Depreciation Is provided on all tanglble fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value. of each asset evenly over its expected useful life, as follows.. Freehold buildings Leasehold land and buildings Plant and machinery Fixtures, fittings, tools and equipment over 50 years over the lease term 15 /0 pa reducing balance 15 % pa reducing balance Debtors Short term debtors are measured at transactlon prlce {whlch is usually the Involce prlce). less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised al transaction price including any transaction costs and subsequently rneasured at amortised cost determined using the effective inlerest method. less any impairment losses for bad and doubtful debts. Creditors Short temi CditOrS are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost detennined uslng Ihe effective Interest method. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.
Little Thetford Acorns Notes to the Accounts for the year ended 31 August 2024 2 Voluntsry Income Unrestricle si nat 10812024 3110812023 Donations 267 267 3 ActlvltSes for Generatlng Funds 3110812024 3110812023 Fundraising events Sales of uniform 2,903 20 1.163 2,923 1.163 4 Inv•stment and other Incom• 311081202 3110812023 Interest received Grants received Miscellaneous income 696 380 1.731 224 2.456 579 2,807 3,259 5 Incoming Resources from Charitable Acllvltles 3110812024 3110812023 Childcare fees (received from parents) Childcare fees (received from CCC Early Years Foundation 8,834 13,335 63,539 42,660 72,373 55,995 6 Fundraislng Tradlng: Cost of Goods Sold & Other Costs 3110812024 3110812023 Sundry expenses relating to fundraising actlvities 20 35 20 35 17
Llttle Thetford Acorns Notes to the Accounts for the year ended 31 August 2024 7 Direct Costs of Charitable Activities Unre8trlcled De61 3110812024 110812023 Staff costs Repairs and maintenance Cleaning and hygiene Consurnbles Toys and creative Insurance Food Forest School Bad debts Office costs Water and rates Electricity Training Telephone and intemot Payroll charges Adv8rtising ni Licence Software Uniform Holiday club expenses Equipment expensed Ofsted fees Other professional fees Sundry expenses Depreciation ProfiV(loss) on disp0&21 of fixed a Deferred incorne credit - Government granl Forest School 55.914 234 3.693 1,048 345 2,063 55,914 234 3,693 1,048 345 2,063 53,703 690 3,932 1,309 1,556 306 1,107 136 136 1,676 606 854 378 1.376 1.231 64 247 569 252 1.676 606 854 378 1,376 1,231 2,395 1.621. 1.505 177 888 1,948 324 224 473 113 247 569 252 353 35 690 151 7,937 110 503 491 7,991 503 491 7,991 4,878 -6,878 .878 72,793 72.793 74,669 8 Govemance c08t8 311081202 3110812023 Accountancy and l.E. fee 1.100 950 1.100 950 18
Little Thetford Acorns Notes to the Accounts for the year ended 31 August 2024 9 Dlrectors. Remuneration, Expenses, and Benefits There was no directors. remuneration, expenses, or other benefrts for Ihè year ended 31"August 2023 {2022 nil). 10 Staff co8t8 1081202 311081202 Wages and salaries NEST pension contributions 54,434 1.480 52.904 799 55,914 53,703 No employees received remuneration greater than £60,000. The average nurnber of employees during the year was: 2024 Number. 2023 Number Difect charitable aciivities Management and admlnistratlon 19
Little Thetford Acorns Notes to the Accounts for the year ended 31 August 2024 11 Tangible fixed assets Plant and machinery etc Land and buildings Total Cost At 1 September 2023 Additions Disposals At 31 August 2024 212,893 19,023 1,201 (699) 19,525 231.916 1.201 (699) 232,418 212.893 Depreclatlon At 1 September 2023 Charge for the year On disposals At 31 August 2024 99,350 7,096 14,256 895 699 113,606 7,991 (699) 120.898 106.446 14,452 Net book value At 31 August 2024 106,447 5,073 111,520 At 31 August 2023 113,543 4,767 118.310 12 Debtors 3110812024 3110812023 Tradé debtors Other debtors 592 1,116 1,708 327 407 734 13 Credltor8: amounts falllng due wlthln one year 3110812024 3110812023 Accruals and deferred income Trade creditors . Taxation and social security costs Other creditors 29,105 502 15,785 360 2,469 18.614 2.671 32.278 20
Little Thefford Acorns Notes to the Accounts for the year ended 31 August 2024 14 Credltorn: amounts falling due after more than one year 3110812024 3110812023 Deferred income". Govemmeni grant brought forward1CeIved 103,164 6,878 96,286 110,042 6,878 103.164 Transfer 11301h to amounts falling due within one year 15 Taxalion Little Thetford Acoms is considered to pass the tests set out in Paragrapgh 1 Schedule 6 Finance Act 2010 and therefore 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 Part 11 Corporation Tax Act 2010 and Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such incom8 or gains are applied exclusively to charitable purposes. 16 Other information Little Thetford Acoms Is a private company limited by guarantee and incorporated In England. Its registered office is: Oak Field The Wyches Little Thetford C86 3HG 21