REGISTERED COMPANY NUMBER: 06966567 (England and Wales) REGISTERED CHARITY NUMBER: 1136626
The Little Acorns Pre-School And Oaks After School Club Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2024
Mark Vickers Accountants Limited Ground Floor 6&7 Eastway Business Village Olivers Place Preston Lancashire PR2 9WT
The Little Acorns Pre-School And Oaks After School Club
Contents of the Financial Statements for the Year Ended 31 August 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
The Little Acorns Pre-School And Oaks After School Club
Reference and Administrative Details for the Year Ended 31 August 2024
TRUSTEES Mr P L James Mrs A C Shepherd Mrs T L Wilson Mrs R Swain
REGISTERED OFFICE Kennington Primary School Kennington Road Fulwood Lancashire PR2 8ER REGISTERED COMPANY 06966567 (England and Wales) NUMBER REGISTERED CHARITY 1136626 NUMBER INDEPENDENT EXAMINER Mark Vickers Accountants Limited Ground Floor 6&7 Eastway Business Village Olivers Place Preston Lancashire PR2 9WT
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The Little Acorns Pre-School And Oaks After School Club
Report of the Trustees for the Year Ended 31 August 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives are to provide and/or assist in the provision of childcare and education services for the benefit of the community, in particular (without limitation) pre-school and afterschool services in the area of Fulwood.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We are proud to say we have achieved another outstanding result from OFSTED to continue on from the Outstanding grading received in 2018. This has been achieved largely due to the time and effort of our staff and trustees so a big thank-you to everyone involved. We will continue to work closely with our parents and the local community to continue to maintain these standards.
To enable staff to continue with their learning we have carried on using an online training company, which enables staff to complete courses and refresh on updates over the coming 12 months.
The contribution of the Pre-School still continues to dominate the setting with only 10% of income attributed to the after-school club provision. The adjoining primary school offers a range of after-school activities meaning even less children are needing to use the after-school facilities we offer.
Work on the roof of the extension has been ongoing and all issues have now been rectified. Further works to the roof of the main building are expected within the next 12 months and a contingency has been built up as we await confirmation of these costs. Also within the next 12 months, the nursery will be looking to carry out repairs to the flooring and the children's toilet facilities.
As well as the repairs mentioned above, we have also updated our garden space to include for an external seating area (allowing for more activities such as Forest school), toy storage sheds, a planting area and updates to all outdoor equipment.
Staff retention levels remained static in the current year.
A drop in occupancy levels is expected from September 2025, however there is a reasonable contingency to ensure the continuation of the setting is maintained.
FINANCIAL REVIEW
Reserves policy
The Trustees have identified that significant expenditure is likely to continue to be needed to maintain the Club premises as well as to make necessary improvements. As a consequence there is a policy of building up a suitable reserve to put towards this, in the expectation that further funding can be obtained elsewhere. The Reserves policy reflects this as well as the need to allow an orderly wind-up of the Club should demand for its services decline for an unforeseen reason.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a charitable company limited by guarantee and not having a share capital and, in accordance with Section 30 (2) of the Companies Act 1985, is exempt from the requirement to use the word 'limited' as part of its name. It is governed by a Memorandum and Articles of Association.
The Company was entered onto the Register of Charities on 29th June 2010. It is registered with OFSTED, no. EY417226.
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The Little Acorns Pre-School And Oaks
After School Club
Report of the Trustees for the Year Ended 31 August 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
Each term we have a committee meeting.
Related parties
Due to the nature of the Charity and the composition of the Board of Directors/Trustees (mainly being parents), it is inevitable that transactions will take place with the trustees. All trustees who are parents pay the normal subscriptions, however none of the current trustees have any such link.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
COMMENCEMENT OF ACTIVITIES
The charity commenced operation of its first year on 1st September 2009 when the assets of the predecessor organisation were handed over.
Approved by order of the board of trustees on 21 May 2025 and signed on its behalf by:
Mrs A C Shepherd - Trustee
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Independent Examiner's Report to the Trustees of The Little Acorns Pre-School And Oaks After School Club
Independent examiner's report to the trustees of The Little Acorns Pre-School And Oaks After School Club ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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 true and fair view which is not a matter considered as part of an independent examination; or
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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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Vickers Accountants
Mark Vickers Accountants Limited Ground Floor 6&7 Eastway Business Village Olivers Place Preston Lancashire PR2 9WT
21 May 2025
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The Little Acorns Pre-School And Oaks After School Club
Statement of Financial Activities for the Year Ended 31 August 2024
| 31.8.24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Pre-school and After School 222,441 Other trading activities 2 670 Investment income 3 9,223 Total 232,334 EXPENDITURE ON Charitable activities Pre-school and After School 172,489 NET INCOME 59,845 RECONCILIATION OF FUNDS Total funds brought forward 189,834 TOTAL FUNDS CARRIED FORWARD 249,679 |
31.8.23 Total funds £ 187,994 1,667 3,934 193,595 159,417 34,178 155,656 189,834 |
|---|---|
The notes form part of these financial statements
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The Little Acorns Pre-School And Oaks After School Club
| Balance Sheet 31 August 2024 31.8.24 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 60,001 CURRENT ASSETS Debtors 9 494 Cash at bank 191,598 192,092 CREDITORS Amounts falling due within one year 10 (2,414) NET CURRENT ASSETS 189,678 TOTAL ASSETS LESS CURRENT LIABILITIES 249,679 NET ASSETS 249,679 FUNDS 11 Unrestricted funds 249,679 TOTAL FUNDS 249,679 |
31.8.23 Total funds £ 42,394 505 149,553 150,058 (2,618) 147,440 189,834 189,834 189,834 189,834 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2025 and were signed on its behalf by:
Mrs A C Shepherd - Trustee
The notes form part of these financial statements
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The Little Acorns Pre-School And Oaks After School Club
Notes to the Financial Statements
for the Year Ended 31 August 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost Outside playarea - 20% on cost Equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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The Little Acorns Pre-School And Oaks After School Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.8.24 | 31.8.23 | |
| £ | £ | |
| Fundraising events | 670 | 1,667 |
| INVESTMENT INCOME | ||
| Interest receivable | 31.8.24 £ 9,223 |
31.8.23 £ 3,934 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Independent | examination | 31.8.24 31.8.23 £ £ 738 744 |
|---|---|---|
| Depreciation | - owned assets | 9,665 7,034 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There was one trustee who received remuneration in the year for her role as Manager, as detailed in note 6.
No other trustees received any remuneration or other benefits for the year ended 31 August 2024 or 31 August 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
6. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Average number of employees |
31.8.24 £ 127,393 3,311 5,989 136,693 31.8.24 7 |
31.8.23 £ 119,260 1,798 5,070 126,128 31.8.23 8 |
|---|---|---|
No employees received emoluments in excess of £60,000.
The charitable company considers its two key management personnel to be the Manager (who is a director of the company) and the Deputy Manager. The total employee benefits, including employer pension contributions of the two key management personnel were £55,607 (2023 - £48,258).
continued...
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The Little Acorns Pre-School And Oaks After School Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Charitable activities Pre-school and After School Other trading activities Investment income Total EXPENDITURE ON Charitable activities Pre-school and After School NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS Buildings £ COST At 1 September 2023 95,427 Additions 23,430 At 31 August 2024 118,857 DEPRECIATION At 1 September 2023 53,034 Charge for year 8,897 At 31 August 2024 61,931 NET BOOK VALUE At 31 August 2024 56,926 At 31 August 2023 42,393 |
Unrestricted fund £ 187,994 1,667 3,934 193,595 159,417 34,178 155,656 189,834 Outside playarea Equipment Totals £ £ £ 21,506 18,863 135,796 3,842 - 27,272 25,348 18,863 163,068 21,506 18,862 93,402 768 - 9,665 22,274 18,862 103,067 3,074 1 60,001 - 1 42,394 |
|---|---|
8. TANGIBLE FIXED ASSETS
continued...
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The Little Acorns Pre-School And Oaks After School Club
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.9.23 £ Unrestricted funds General fund 189,834 TOTAL FUNDS 189,834 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 232,334 TOTAL FUNDS 232,334 Comparatives for movement in funds At 1.9.22 £ Unrestricted funds General fund 155,656 TOTAL FUNDS 155,656 |
31.8.24 31.8.23 £ £ 494 505 31.8.24 31.8.23 £ £ 2,414 2,618 Net movement At in funds 31.8.24 £ £ 59,845 249,679 59,845 249,679 Resources Movement expended in funds £ £ (172,489) 59,845 (172,489) 59,845 Net movement At in funds 31.8.23 £ £ 34,178 189,834 34,178 189,834 |
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continued...
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The Little Acorns Pre-School And Oaks After School Club
Notes to the Financial Statements - continued
for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 193,595 193,595 |
Resources Movement expended in funds £ £ (159,417) 34,178 (159,417) 34,178 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.22 £ 155,656 155,656 |
Net movement in funds £ 94,023 94,023 |
At 31.8.24 £ 249,679 249,679 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 425,929 425,929 |
Resources Movement expended in funds £ £ (331,906) 94,023 (331,906) 94,023 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
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The Little Acorns Pre-School And Oaks
After School Club
| INCOME AND ENDOWMENTS Other trading activities Fundraising events Investment income Interest receivable Charitable activities Fees Grants Other income Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Rent, rates and utilities Insurance Telephone Postage and stationery Food Activities and transport Toys and equipment Subscriptions Training Repairs Sundry Bank charges Depreciation of tangible fixed assets Support costs Governance costs Independent examination Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 August 2024 31.8.24 31.8.23 Unrestricted Total funds funds £ £ 670 1,667 9,223 3,934 44,271 41,467 177,938 146,325 232 202 222,441 187,994 232,334 193,595 127,393 119,260 3,311 1,798 5,989 5,070 2,716 4,286 740 707 1,150 801 399 583 2,499 2,017 758 - 5,708 5,658 784 274 1,019 604 5,656 7,235 3,401 3,271 563 75 9,665 7,034 171,751 158,673 738 744 172,489 159,417 59,845 34,178 |
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This page does not form part of the statutory financial statements
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