## 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|||
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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.
- **Independent** I have completed my examination. I confirm that no material matters have
- **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- _Please delete the words in the brackets if they do not apply._
**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.
- **Independent** I have completed my examination. I confirm that no material matters have
- **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- _Please delete the words in the brackets if they do not apply._
**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**