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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|





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|ES' REPORT||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Personal —Personalising|care|and education,<br>treating||children,|parents||and staff as individuals,||within|supportive,||
|respectful<br>relationships.||||||||||||
|Professional —Striving to be a <br>qualifications<br>ofthe saff teams.<br>Acorn's||learning<br>organisation,|continually||reflecting||and developing|the knowledge,|||skills and|
|Nurturing —The core of||ethic ofcare; professional||love within a holistic approach that encompasses||||||nutrition<br>and||
|encouragement<br>ofhealthy<br>lifestyles.||||||||||||
|Outdoor-<br>Encouraging|play and learning<br>in natural<br>environments,||||through||extensive forest school||provision,||and every|
|child spending<br>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.||||||||



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



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|||||Develop an awareness afand care fortheir local surroundings||
|---|---|---|---|---|---|
|Local|cammunity<br>walks||litter piqking|Develop their understanding<br>ofthe environmental<br>impact oflitter, including<br>wider discussions<br>such asthe impact on the oceans<br>Deva lop an understanding<br>ofthe importance<br>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<br>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<br>Growing their own fresh food, and encouraging<br>healthy eating in doing so||
|||||Develop asense ofresponsibility<br>towards caring forthe plants||



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|||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<br>income|||||157|
|Total Income||8,098,626|67,093|8,165,719|6,975,216|
|EXPENDITURE:||||||
|Expenditure<br>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<br>in funds forthe||158,903|1,113|160,016|48,378|
|year||||||
|Reconciliation<br>offunds||||||
|Total funds brought forward||385,178|4,S20|389,998|341,620|
|Total funds carried forward||544,081|5,933|559,914|389998|





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||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<br>falling due within one year|14|(705,903)||(849,073)||
|Net Current<br>Liabilities|||(316,118)||(365,149)|
|Total Assets less Current||||||
|LiabiTities|||738,689||664,224|
|Cmditors:||||||
|Amounts<br>falling due aRer one year|15||(188,675)||(274,226)|
|Net Assets|||550,014||389,99|
|The funds ofthe charity||||||
|Restricted<br>Funds|18||5,933||4,820|
|Unrestricted<br>Funds|18||544,081||385,178|
|Total Charity Funds|18||550,014||389.998|





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|||||||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<br>fixed||assets|||||||
|Net cash used in investing||activities|||||(240,155)|(509,209)|
|Gash flows from financing||activities|||||||
|Investment<br>income||||||||157|
|Proceeds from borrowings||||||||490,000|
|Repayment<br>ofborrowings|||||||(180,181)|(25,593)|
|Interest paid|||||||(23,526)|(8,976)|
|Net cash from financing|activities||||||(203,703)||
|Increase<br>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<br>in net<br>debt||||t January<br>2021||Gash flows|Interest<br>charges|31December<br>2021|
|Cash at bank and in hand||||354,318||(121,342)||232,976|
|Borrowings<br>exduding||||(463,383)||(180,181)|(23,526)|(667,090)|
|overdrafis|||~409,055\|||~301,523|~23.52B|44434.444|





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||Unrestricted<br>Funds|Restricted<br>Funds|Total 2021|Total 2020|
|---|---|---|---|---|
|Childcare<br>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<br>income|98,072||98,072|80,268|
|Consultancy<br>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|





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|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<br>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.<br>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<br>remuneration:|||||||
|Audit fess|||||6,250||
|Accountancy<br>services|||||2,542|1,250|





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|8.<br>Net income<br>/ (expenditure)|8.<br>Net income<br>/ (expenditure)|forthe year (continued)|||
|---|---|---|---|---|
|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|





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|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<br>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<br>on|disposals|||||
|As at 31 December 2021||||242,664||
|Net book value||||||
|As at 31December 2021||||228,038||
|As at31 December 2020||||274,943||





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|12.Tangible fixed assets|||||||
|---|---|---|---|---|---|---|
||Leasehold<br>Improvements|Office<br>Equipment|&<br>Fixtures<br>. .<br>Fit6ngs|Motor<br>Vehicles|Play<br>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|





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|4.Creditors: amounts<br>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|



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





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|||||||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||9|
|Balance|as at 1|January 2021||||||||||439,479||277,702|
|Amounts<br>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<br>payable<br>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|



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|8.Analysis|ofcharitable|funds|||||
|---|---|---|---|---|---|---|
|Analysis|ofmovements|in unrestricted|funds||||
|||Balance at||||Balance at|
||1January 2021|||Income|Expenditure|31December 2021|
|General<br>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|





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|||Rxed Assets|Net Current<br>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|



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|||Fixed Assets|Net Current<br>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|





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||||Balance at|||Balance at|
|---|---|---|---|---|---|---|
||||1January<br>2021|Income|Expenditure|31<br>December<br>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<br>2020|Income|Expenditure|31<br>December<br>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|



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||||2021|2020|
|---|---|---|---|---|
||||0|0|
|Net movement<br>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|



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|22. Comparative<br>Statement|ofFinancial Activities||||
|---|---|---|---|---|
|||Unrestricted<br>Funds|Restricted<br>Funds|Total 2020|
|Income and Expenditure|||||
|INCOIIIIE:|||||
|Donations<br>and legacies||7,065|200|7,265|
|income from charitable<br>activNes||6,934,409|33,385|6,967,794|
|Investment<br>income||157||157|
|Total Income||6,889,147|33,585|6,975,216|
|EXPENDITURE:|||||
|Expenditure<br>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|