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2024-03-31-accounts

Trustees’ Annual Report for the period

From 01.04.2023 Period start date To 31.03.2024 Period end date

Charity name: Little Acorns Pre-school Kingsmere

Charity registration number:1179500

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The charity works for the public benefit having
as its objectives the development and education
of children and young people, in particular by
promoting their education and parental
involvement, promoting their health and well
being, and providing services to support them
and their parents/ carers.
Summary of the main
activities in relation to those
purposes for the public benefit,
in particular, the activities,
projects or services identified
in the accounts.		 Para 1.17 and
1.19		 The pre-school provides flexible (am, pm or
full day) educational sessions for children aged
2 to 5 years old, during term time only. We
believe in helping young people develop into
confident individuals by providing a wide
range of practical and fun activities to inspire
them to investigate, explore, learn and have
fun. Children are given the opportunity to join
Rugby tot sessions and Sing and Sign. We also
had ZooLab bring in lots of animals for the
children to explore.
Statement confirming whether
the trustees have had regard to
the guidance issued by the
Charity Commission on public
benefit		 Para 1.18 All trustees are directed to the Charity
Commission website to gather more
information about joining as a trustee.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference N/A Policy on grant making Para 1.38

Para 1.38 N/A
Policy on social investment
including program related
investment
Contribution made by
volunteers		 Para 1.38 All volunteers make time contributions to the
pre-school joining in with fundraising
activities, attending meetings ( online and in
person) and supporting staff running activities
for the children.
Volunteers currently consist of our chair of
committee that comes in to spend time
completing activities with the children. We also
have an ex parent that comes in and volunteers
on a regular basis.
Other

Achievements and Performance

SORP reference

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.		 Para 1.20 Little Acorns Pre-school were visited by ofsted
in February 2022 where we received a rating of
good. Prior to this we received support from
the local authority to support us in achieving
this outcome. After this outcome we no longer
required this support.
Numbers on roll were high and the number of
staff was increased to meet the high demand.
We continue to have a large waiting list for the
next academic year.
We have a large number of SEN children on
roll and staff are continuingly taking extra
training in order to support all of the children’s
needs. We have employed a new SEN
practitioner to help support the children that
require extra support. We continue to work
closely with other professionals and are
regularly recomemended by other professionals
supporting families of children with
SEND .We currently have two children in the
setting who have EHCP’s. We have two SEN
practitioners that work with these children.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Review of the charity’s
financial position at the end of
theperiod		 Para 1.21 The majority of income came from government
funding.
Statement explaining the policy
for holding reserves stating
why they are held		 Para 1.22 We have a contingency fund to cover the costs
of staff redundancies. Any additional reserves
are used for any of the following: to cover
fluctuations in demand/ income, supporting
children in the setting with special needs,
funding staff training, long term sickness.
Amount of reserves held Para 1.22 £30,000
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the charity
continuing as a going concern		 Para 1.23 Due to new pre-schools opening in the area we
have had concerns but continue to have a large
waiting list.
Rent has increased and so has the minimum
wage. This continues to be a concern for the
setting.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The majority of our funds come from fees both
from the parents and the funding we receive
from the local authority for 3 and 4 year olds
and the 2 year old funding. We also hold
fundraising events and use the money raised to
buy new resources.
Investment policy and
objectives including any social
investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46 The level of funding for Early Years Settings is
not increasing in line with the increase to the
National Minimum wages. Funding for 2 year
olds with working families are also coming in
and more settings starting to offer places to two
year olds.
Increase in rent and minimum wage
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document
(trust deed,royal charter)		 Para 1.25 Early Years Alliance Constitution
How is the charity
constituted?
(e.g
unincorporated
association,CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees		 Para 1.25 AGM held, parents invited and terms of office
for officier positions held.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 Trustees directed to Early Years Alliance
website.Signed up through Educare
facility for training.
The charity’s organisational
structure and any wider
network with which the charity
works		 Para 1.51 Good relationship between committee and staff
of the pre-school.
Trustees are invited into the pre-school for
meetings during the day to meet with the staff.
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charityname Little Acorns Pre-school Kingsmere
Other name the charity uses
Registered charity number 1179500
Charity’s principal address Little Acorns Pre-school Kingsmere
Kingsmere Community Centre
Whitelands Way
Bicester
OX26 1eg

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to
appoint trustee(if any)
Nicola Oakley Chair
Tracy Baker Secretary
Chanelle Nandlal Treasurer

1 2 3

4

5 6 7

8

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11

12

13

14

15

16

17

18

19 20

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Chanelle Nandlal Position (eg Secretary, Treasurer Chair, etc) Date 06 January 2025

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Section A Independent Examiner’s Report
Report to the trustees
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report		 Charity Name
Little Acorns Preschool Kingsmere
31 March 2024
Charity no
(if any)
1179500
3-4(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/03/2023.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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.

Date: 24/12/2024

Signed: Name: Elaine Johnson FCCA Relevant professional Member of Association of Chartered Certified Accountants qualification(s) or body (if any): Address: Chapman Worth Ltd

1

Oct 2018

IER

2 The Old Estate Yard, East Hendred, OX12 8JY

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

Profit and Loss

Little Acorns Preschool Kingsmere For the year ended 31 March 2024

Account 2024 2023
Trading Income
Council Funding 162,358 146,023
Other Revenue 45 1,213
Sales 24,860 23,228
Total Trading Income 187,263 170,464
Cost of Sales
Cost of Goods Sold 11,078 6,544
Direct Expenses 0 1,701
Total Cost of Sales 11,078 8,245
Gross Profit 176,185 162,219
Operating Expenses
Advertising& Marketing 0 60
Audit & Accountancyfees 510 480
Bank Fees 84 84
Employers National Insurance 1,717 1,417
IT Software and Consumables 808 680
Legal Expenses 0 4,100
Pensions Costs 1,779 1,601
Printing& Stationery 303 353
Rent 24,642 24,973
Salaries 110,136 108,943
Staff Training 0 979
Subscriptions 1,851 1,408
Uniform 0 66
Total Operating Expenses 141,829 145,145
Net Profit 34,356 17,075

3

Oct 2018

IER

Balance Sheet

Little Acorns Preschool Kingsmere As at 31 March 2024

Account 31 Mar 2024
31 Mar 2023
Assets
Bank
LITTLE ACORNS PRESCHOOL
KINGSM		 72,365
36,862
Total Bank 72,365
**36,862 **
Total Assets
Liabilities		 72,365
36,862
Current Liabilities
PAYE Payable 1,148
0
Total Current Liabilities 1,148
0
Total
Liabilities
Equity		 1,148
0
Net Assets 71,218
36,862
CurrentYear Earnings 34,356
17,075
Retained Earnings 36,862
19,787
Total Equity 71,218
36,862

4

Oct 2018

IER

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Section A Independent Examiner’s Report
Report to the trustees
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report		 Charity Name
Little Acorns Preschool Kingsmere
31 March 2024
Charity no
(if any)
1179500
3-4(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/03/2023.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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.

Date: 24/12/2024

Signed: Name: Elaine Johnson FCCA Relevant professional Member of Association of Chartered Certified Accountants qualification(s) or body (if any): Address: Chapman Worth Ltd

1

Oct 2018

IER

2 The Old Estate Yard, East Hendred, OX12 8JY

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

Profit and Loss

Little Acorns Preschool Kingsmere For the year ended 31 March 2024

Account 2024 2023
Trading Income
Council Funding 162,358 146,023
Other Revenue 45 1,213
Sales 24,860 23,228
Total Trading Income 187,263 170,464
Cost of Sales
Cost of Goods Sold 11,078 6,544
Direct Expenses 0 1,701
Total Cost of Sales 11,078 8,245
Gross Profit 176,185 162,219
Operating Expenses
Advertising& Marketing 0 60
Audit & Accountancyfees 510 480
Bank Fees 84 84
Employers National Insurance 1,717 1,417
IT Software and Consumables 808 680
Legal Expenses 0 4,100
Pensions Costs 1,779 1,601
Printing& Stationery 303 353
Rent 24,642 24,973
Salaries 110,136 108,943
Staff Training 0 979
Subscriptions 1,851 1,408
Uniform 0 66
Total Operating Expenses 141,829 145,145
Net Profit 34,356 17,075

3

Oct 2018

IER

Balance Sheet

Little Acorns Preschool Kingsmere As at 31 March 2024

Account 31 Mar 2024
31 Mar 2023
Assets
Bank
LITTLE ACORNS PRESCHOOL
KINGSM		 72,365
36,862
Total Bank 72,365
**36,862 **
Total Assets
Liabilities		 72,365
36,862
Current Liabilities
PAYE Payable 1,148
0
Total Current Liabilities 1,148
0
Total
Liabilities
Equity		 1,148
0
Net Assets 71,218
36,862
CurrentYear Earnings 34,356
17,075
Retained Earnings 36,862
19,787
Total Equity 71,218
36,862

4

Oct 2018

IER