2021-12-31-accounts - Acorn Early Years Foundation

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Solicitors:	Richard Willis
	Geoffrey Leaver
	251Upper Third Street
	Central Milton Keynes
	MK9 10R
Auditors:	Steve Robinson
	Mercer and Hole
	Silbury Court
	420Rlbury Boulevard
	Central Milton Keynes
	MK9 2AF

ES' REPORT
Personal —Personalising	care	and education, treating		children,	parents		and staff as individuals,		within	supportive,
respectful relationships.
Professional —Striving to be a qualifications ofthe saff teams. Acorn's		learning organisation,	continually		reflecting		and developing	the knowledge,			skills and
Nurturing —The core of		ethic ofcare; professional		love within a holistic approach that encompasses						nutrition and
encouragement ofhealthy lifestyles.
Outdoor- Encouraging	play and learning in natural environments,				through		extensive forest school		provision,		and every
child spending time outdoors every day.
Ethical- Putting children	before	profit, and being Inclusive		and sustainable,		both environmentagy		and	financially.		Seeking
excellence, honesty and	Integrity	in ag aspects ofAcorn's		work.

EES' REPORT	Financial statements for the year ended 31	Financial statements for the year ended 31	Financial statements for the year ended 31	Financial statements for the year ended 31	Decem	ber 2021
striving to ensure that the	work and learning environment is free of harassment and bullying and that				everyone	istreated
with dignity and respect
person and job specifiications are limited tothose requirements that are necessary forthe				effective performance		ofthe job
candidates for einployment	or promotion are assessed objectively against	the	requirements for the job, taking			account of
any reasonable adjustments that may be required for candidates with		a	disabiTsy.	Disability and	personal	or home
commitment will not form	the basis ofemployment decisions except where	necessary
holding regular employee	forum meetings to inform employees of matters		concerning	them as employees,		as well as
updating and including them in the future direction ofthe organisation
opportunities fortraining,	development, and progression are made available	to	all staff, to help them to		develop	to their full
potentiaL

				Develop an awareness afand care fortheir local surroundings
Local	cammunity walks		litter piqking	Develop their understanding ofthe environmental impact oflitter, including wider discussions such asthe impact on the oceans Deva lop an understanding ofthe importance of re cycling	through
				Empower children to make a difference
				Develop their knowledge oflocal native birds
Creating	bird	feeders	from lard and	Develop a love for nature
	a mix ofseeds			Develop an understanding ofhow to properly feed wild animals
				Witness nature up close
				Learn about different species afplants and what they need to help them grow
Gardening		during	all seasons	Leam about the seasons and the effects they have on plants Growing their own fresh food, and encouraging healthy eating in doing so
				Develop asense ofresponsibility towards caring forthe plants

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
			f		f
Income and Expenditure
INCOME:
Donations and legacies		5,488		5,488	7,265
Income from charitable
activities	4	8,093,134	67,093	8,160,227	6,967,794
Investment income					157
Total Income		8,098,626	67,093	8,165,719	6,975,216
EXPENDITURE:
Expenditure on charitable
actlvIbes	6	7,939,723	65,980	8,005,703	6,926,838
Total Expenditure		7,939,723	65,980	8,005,703	6,926,838
Net income and net
movemerrt in funds forthe		158,903	1,113	160,016	48,378
year
Reconciliation offunds
Total funds brought forward		385,178	4,S20	389,998	341,620
Total funds carried forward		544,081	5,933	559,914	389998

	Note	2021		2020
Fixed Assets
Intangible assets	11		228,038		274,943
Tangible assets	12		826,769		754,430
			1,054,807		1,029,373
Current Assets
Stacks		10,776		6,057
Debtors		146,033		123,549
Cash at bank and in hand		232,976		354,318
Total Current Assets		389,785		483,924
Creditors:
Amounts falling due within one year	14	(705,903)		(849,073)
Net Current Liabilities			(316,118)		(365,149)
Total Assets less Current
LiabiTities			738,689		664,224
Cmditors:
Amounts falling due aRer one year	15		(188,675)		(274,226)
Net Assets			550,014		389,99
The funds ofthe charity
Restricted Funds	18		5,933		4,820
Unrestricted Funds	18		544,081		385,178
Total Charity Funds	18		550,014		389.998

						Note	2021	2020
Net cash used in operating		activities				20	322,515	342,235
Cash flows from investing		activities
Interest income
Purchase oftangible fixed	assets						(240,155)	(509,209)
Purchase ofintangible fixed		assets
Net cash used in investing		activities					(240,155)	(509,209)
Gash flows from financing		activities
Investment income								157
Proceeds from borrowings								490,000
Repayment ofborrowings							(180,181)	(25,593)
Interest paid							(23,526)	(8,976)
Net cash from financing	activities						(203,703)
Increase in cash and cash	equivalents			in the year			(121,342)	278,614
Cash and cash equivalents		al the beginning			ofthe year		354,318	75,704
Cash and cash equivalents		at the	end ofthe year				232,976	354,318
Analysis ofchanges in net debt				t January 2021		Gash flows	Interest charges	31December 2021
Cash at bank and in hand				354,318		(121,342)		232,976
Borrowings exduding				(463,383)		(180,181)	(23,526)	(667,090)
overdrafis			~409,055\|		~301,523	~23.52B	44434.444

	Unrestricted Funds	Restricted Funds	Total 2021	Total 2020
Childcare income	7,641,659	67,093	7,708,752	5,946,672
Training courses	28,071		28,071
Forest school activiTies	59,354		59,354	24,034
Catering income	98,072		98,072	80,268
Consultancy income	1,060		1,060	2,810
JRSgrant income	109,101		109,101	878,179
Other income	155,817		155,817	12,893
	8,093,134	67,093	8,160227	6,967,794

B. Analyas ofexpenditure	B. Analyas ofexpenditure	on charitable	activities
		Unrestricted		Restricted
			Funds	Funds	Total 2021	Total 2020
					5
Childcare costs			6,770,397	65,980	6,836,377	5,749,430
Training course costs			60,257		60,257	37,236
Catering costs			147,290		147,290	122,137
Forest school activNes	costs		79,461		79,461	86,646
Property and administration			827,177		827,177	897,307
Accountancy fees			2,542		2,542	1,250
Auditor's remuneration			6,250		6,250	6,250
Legal and professional	fees		15,834		15,834	15,014
Other financial costs			30,515		30,515	11,568
			7,939,723	65,980	8,005,703	6,926,838
7. Net income I{expenditure) forthe year
This is stated after charging:					2021	2020
					2	6
Depreciation					167,814	117,221
Amortisaaon					46,905	46,905
Operating lease payments					423,955	357,170
Auditor's remuneration:
Audit fess					6,250
Accountancy services					2,542	1,250

8. Net income / (expenditure)	8. Net income / (expenditure)
Analysis ofgovernance	costs
		2021f	2020f
Audit fees		6250
Trustees expenses			207
Consultancy fess			2,298
		6,261	8,755

	2021f	2020f
Salaries and wages	5,391,810	4,717,734
Social security costs	343,831	303246
Pension costs	226,238	210,695
	6.961,619	5,231,675

10.Staff numbers
The average	monthly	number ofpersons (including	directors) employed	by the Charity during the year was as
follows:
				2021
				Number	htumber
Total staff					308
				341	306
11.intangible fixed assets
				Goodwill
Cost
As at01January	2021			470,732
Additions
Disposals
As at31 December 2021				470,732
Amortisation
As at 01January	2021			195,789
Charge forthe year				46,905
Amorhsation on	disposals
As at 31 December 2021				242,664
Net book value
As at 31December 2021				228,038
As at31 December 2020				274,943

12.Tangible fixed assets
	Leasehold Improvements	Office Equipment	& Fixtures . . Fit6ngs	Motor Vehicles	Play Equipment
Cost
As at 01January2021	775,256	71,537	244,514	30,989	72,779	1,196,175
Additions	199,945		35,780		4,428	240,153
Disposals
As at31 December 2021	976,201	?1,637	280,294	30,989	77,207	1,436,328
Depreciation
As at 01January 2021	170,244	67,116	148,083	17,508	38,794	441,745
Charge forthe year	121,633	1,549	28,849	3,994	11,789	167,814
On disposals
As at31December 2021	291,877	68,665	176,932	21,502	50,583	609,559
Net book value
As at 31December 2021	684,324	2,972	103,362	9,487	26,624	826,769
As at 31 December 2020	606,012	4,521	96,431	13.481	33,985	754,430
3.Debtors
				2021		2020
Trade debtors				12,445		19,791
Other debtors				40,457		30,738
Prepayments				93,130		73,020
				146,033		123,549

4.Creditors: amounts falling due within one year
	2021	2020
	5	5
Bank loan	85,551	80,181
Other loans		100,000
Trade creditors	97,639	73,378
Taxation and social securky	82,844	67,055
Other creditors	418,731	493,102
Accruals	21,138	35.357
	705,903	849,073

5.Cre	ditors: amounts falling due after one	year
		2021	2020
		5	E
Bank	Loan	188,675	274,226
		188,675	274,226

												2021		2020
														9
Balance	as at 1	January 2021										439,479		277,702
Amounts activities	released			to income earned			from charitable					(439,479)	(277,702)
Amount deferred			in year									357,115		439,479
Balance	as at31		December		2021							357,115		439,479
7.Commi	tments	under operating				leases
As at 31 December 2021					the	Charity had		annual	commitments		under	non~ncellable	operating leases as sst
out below:
											2021			2020
						Properly			Other			Property	Other
							leases	operating			Total	leases	operating	Total
								leases					leases
									K			6	6
Amounts	payable			within	1	300,647		25,425		326,072		291,351	22,245	313,596
year
Amounts payable 2to5yearn				between		1,020,516		33,460		1,053,976		844,581	11,831	856,412
Amounts	payable			after 5		448,115				448,115				593,583
years
						1,769278		58,885		1,828,163		1,729,515	34,076	1,763,591

8.Analysis	ofcharitable	funds
Analysis	ofmovements	in unrestricted	funds
		Balance at				Balance at
	1January 2021			Income	Expenditure	31December 2021
General funds		385,178		8,098,626	(7,939,723)	544,081
Designated
funds
Total		385,178		8,098,626	(7,939,723)	544,081

	Balance at			Balance at
	1January 2020	Income	Expenditure	31December 2020
General funds	322,694	6,941,631	(6,889,147)	385,178
Designated
funds
Total	322,694	6,941,631	(6,889.147)	385,178

		Rxed Assets	Net Current Liablg ties	Total 2021	Total 2020
			6
Restricted funds			5,933	5,933	4,820
General unrestricted	funds	1,054,807	(510,726)	544,081	385,178
		1,054,807	(504,793)	550,014	389,998

		Fixed Assets	Net Current Liabiliees	Total2020	Total 2019
Restricte funds			4,820	4,820	8,926
General unrestricted	funds	1,029,373	(644,195)	385,178	332,694
		1,029,373	(639,375)	389,998	341,620

			Balance at			Balance at
			1January 2021	Income	Expenditure	31 December 2021
						6
MKC Jubilee Wood deprivation		funding	4,620	12,218	(10,905)	5,933
Enjoy Benefits Shenley donations			200	800	(1,000)
Enjoy Benefits Kents Hill	donations			400	(400)
Teds Kents Hill donations				1,000	(1,000)
DAF Funding				52,675	(52,675)
Total			4,820	67,093	(65,980)	5,933
Analysis ofmovements	in restricted funds - previous year
			Balance at			Balance at
			1January 2020	Income	Expenditure	31 December 2020
						8
MKC Jubilee Wood deprivation		funding	7,797	11,123	(14,300)	4,620
Enjoy Benefits Shenley donations				200		200
DAF funding			1,129	1,230	(2„359)
Inclusion granls				21,032	(21,032)
Total			8,926	33,585	(37,691)	4,820

			2021	2020
			0	0
Net movement in funds			160,016	48,378
Add back	deprecia5on	charge	167,814	117,221
Add back	amortisa5on	charge	46,905
Deduct bank interest		received	(4)	(157)
Add back	loan interest	paid	23,526	8,976
Decrease	/(increase)	in stock	(4,719)	5,847
Decrease	/ (increase)	In debtors	(22,484)	8,160
Decrease	in creditors		(48,539)	106,905
			322,515	342,235

22. Comparative Statement	ofFinancial Activities
		Unrestricted Funds	Restricted Funds	Total 2020
Income and Expenditure
INCOIIIIE:
Donations and legacies		7,065	200	7,265
income from charitable activNes		6,934,409	33,385	6,967,794
Investment income		157		157
Total Income		6,889,147	33,585	6,975,216
EXPENDITURE:
Expenditure on charitable	activibes	6,889,147	37,691	6,926,838
Total Expenditure		6,889,'I47	37,691	6,926,838
Net income/(expenditure)	and net
movemant		52,484	(4,106)	48,378
in funds forthe year
ReconBIiation offunds
Total funds brought forward		322,694	8,926	341,620
Total funds canted forward		385,178	4,820	389,998