Trustees’ Annual Report for the period
From: 01.04.23 Period start date To: 31.03.2024 Period end date
Charity name: Kinnerton Little Acorns Charity registration number: 1185470
Objectives and Activities
| Summary of the purposes of the charity as set out in its governing document |
We are continuing to be committed to providing a caring and stimulating environment for children to thrive and develop in. We aim to provide a vital service to parents/carers who require the care for their children both inside and outside of normal school operating hours. |
| 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. |
Kinnerton Little Acorns provides a key role for parents/carers who need childcare hours during term time and into holiday periods. Kinnerton Little Acorns is open for 4 separate sessions during term times and these sessions are broken down into: (1) Breakfast Club 07:45 – 09:00; (2) Playgroup 09:00 – 11:25; (3) Wraparound Care 11:30 – 15:00; and (4) Afterschool Club 15:00 – 17:55. When children attend Breakfast Club, they are dropped off by parents/carers and enjoy a healthy breakfast and some time to play with friends before being taken to their classroom in Ysgol Derwen to start their school day. Children in our Playgroup/Early Entitlement sessions arrive at 9am when they are dropped off by their parents/carers. Children enjoy a morning of activities and play. Children receive a snack during our session and outdoor play is encouraged where possible. Children are then either collected by parents/carers at 11:25 or they stay with us for our Wraparound Care session which is 11:30 – 15:00. When children attend Wraparound Care, they are collected from the Nursery classroom by our staff at 11:30 and escorted to our building where they remain for the rest of the session until 15:00 when they are either collected by a parent/carer or they stay with us for Afterschool Club. A typical session for Wraparound Care involves children independently removing their coats and bags when they |
| arrive and finding their picture to add to the Little Acorns tree (which operates as our register), the children are then escorted back to the main school hall to eat their dinners. Once the children have eaten their dinner and returned to our building we allow the children to explore all areas during their session. Our Childcare Leads encourages learning and play opportunities and the children are encouraged to explore and make their own play. When children attend Afterschool Club, they are collected from their classrooms at the end of the school day by our staff and escorted to our building where they enjoy a healthy snack and have the opportunity to take part in any activities organised by our staff or they can free-play. Children are then collected by parents/carers anytime up until 17:55. Once all children are safely collected, the staff clean the club and leave to return home. |
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|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
The Trustees intend to continue their current strategies of maintaining the Charity’s position in a competitive market by investing to provide high quality care. Achieving a high standard of childcare (as demonstrated in our CIW inspection on the 27thNovember 2023) is a constant aim whilst maintaining the breadth and depth of the activities provided. Staff frequently attend training to ensure our service is always to the standard expected and this is fully supported by the Trustees. |
Achievements and Performance
| 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. |
Our sessions are still operating at full capacity/near full capacity for Breakfast, Afterschool and Wraparound. Our sessions for Playgroup numbers are still increasing as word spreads in the local community about our service. It is still a delight to see our building in use from 7:45 – 17:55 each day with various sessions. Our staff enjoy the variety of sessions and our children enjoy coming to our sessions. Parents/carers speak so highly our of service to the community. We frequently have a waitlist for parents/carers who wish to send their child/ren to our club. Our Playgroup/Early Entitlement allow children to become familiar with Ysgol Derwen’s surrounds and allows for a smooth transition into the Nursery Class. Our Wraparound Care sessions allow children to experience a normal length school day and promotes their development and independence in readiness for moving to Reception Class. In November 2023 we were subject to a surprise inspection by CIW (Care Inspectorate Wales). The inspector was pleased with the level of service we provide |
| in our setting and awarded the following ratings: |
|---|
| - Well-being GOOD |
| - Care and Development GOOD |
| - Environment EXCELLENT |
| - Leadership and Management GOOD |
| During the Inspector’s 2 visits, they made some |
| suggestions for service improvement which we |
| implemented within 48 hours. We strive to improve again |
| on our ratings above and to maintain our excellent |
| environment for children to thrive. |
Financial Review
| Financial Review | |
|---|---|
| Review of the charity’s financial position at the end of the period |
Following completion of our Year End Accounts to 31 March 2024, Kinnerton Little Acorns has amounted net loss of £10,820. We acknowledge there was a small loss this year mainly due to staff costs and to ensuring we are fully staffed to the correct ratios even if this means utilising agency staff at a higher cost to the entity. Around £171,131 was received in fees for childcare sessions from FCC, parents/carers and childcare voucher schemes compared to £141,364 received in 2023. Kinnerton Little Acorns received donations in the amount of £398 which was a lot less compared to last year’s donations of £48,179 in 2023. £41,727 is being held in a savings account for emergencies/redundancy situations. |
| Statement explaining the policy for holding reserves stating why they are held |
To reinvest in the club and to improve childcare and to protect the staff should there be any unexpected closures. We are currently actively looking for local community projects in which to donate and support. |
| Amount of reserves held | £41,727 |
| Reasons for holding zero reserves |
N/A. |
| Details of fund materially in deficit |
N/A. |
| Explanation of any uncertainties about the charity continuing as a going concern |
N/A. |
Structure, Governance and Management
| Description of charity’s trusts: | |
|---|---|
| Type of governing document (trust deed, royal charter) |
Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
CIO |
| Trustee selection methods | Election to post by existing trustees based on |
including details of any interested parties constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees
Reference and Administrative details
| Charity name | Kinnerton Little Acorns |
|---|---|
| Other name the charity uses | n/a |
| Registered charity number | 1185470 |
| Charity’s principal address | Ysgol Derwen Main Road Higher Kinnerton CH4 0AJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Fallon Turrisi | Chair | |||
| Rachael Battersby | ||||
| Richard Jones | ||||
| Christine Leonard | Treasurer | |||
– Corporate trustees names of the directors at the date the report was approved
Director name n/a
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| n/a | ||
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Exemptions from disclosure
Reason for non-disclosure of key personnel details
n/a
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) Position (eg Secretary, Chair, etc) Date |
Fallon Turrisi | Christine Leonard |
|---|---|---|
| Fallon Turrisi | Christine Leonard | |
| Chair | Treasurer | |
| 29thJanuary 2025 | ||
| 29thJanuary 2025 |
Profit and Loss
Kinnerton Little Acorns
For the year ended 31 March 2024
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Turnover | ||||
| Interest Income | 553.24 | 473.62 | - | - |
| Sales - childcare fees | 171,131.25 | 141,363.75 | 97,296.38 | 15,943.50 |
| Total Turnover | 171,684.49 | 141,837.37 | 97,296.38 | 15,943.50 |
| Cost of Sales | ||||
| Consumables | 14,783.65 | 12,413.42 | 7,940.11 | 243.31 |
| Direct Wages | 126,249.59 | 83,933.37 | 46,629.93 | 7,975.48 |
| Total Cost of Sales | 141,033.24 | 96,346.79 | 54,570.04 | 8,218.79 |
| Gross Profit | 30,651.25 | 45,490.58 | 42,726.34 | 7,724.71 |
| Administrative Costs | ||||
| Advertising & Marketing | - | - | - | 71.99 |
| Audit & Accountancy fees | 731.00 | 788.64 | 799.96 | 282.00 |
| Bank Fees | 199.15 | - | - | - |
| Cleaning | - | - | 200.00 | 339.44 |
| Depreciation Expense | 10,745.24 | 9,992.43 | - | - |
| Employers National Insurance | 2,381.72 | - | - | - |
| General Expenses | 21.00 | - | 65.00 | - |
| Insurance | 750.22 | 775.88 | 701.90 | 589.57 |
| IT Software and Consumables | 1,519.14 | 1,071.00 | 1,161.19 | 354.08 |
| Legal Expenses | 2,509.86 | 118.00 | 70.80 | 738.00 |
| Pensions Costs | 1,018.77 | 1,011.37 | 124.82 | 31.10 |
| Printing & Stationery | - | - | 271.22 | 16.25 |
| Rent | 10,060.00 | 10,926.00 | - | - |
| Repairs & Maintenance | 1,056.87 | - | - | - |
| Salaries | 9,361.72 | 24,255.60 | 22,296.39 | 18,732.48 |
| Staff Training | 450.40 | (123.00) | 183.20 | - |
| Subscriptions | 63.48 | 63.48 | 473.11 | 48.75 |
| Telephone & Internet | 1,059.05 | 997.89 | 777.90 | 1,677.95 |
| Temporary wages | 2,881.92 | - | - | - |
| Total Administrative Costs | 44,809.54 | 49,877.29 | 27,125.49 | 22,881.61 |
| Operating Profit | (14,158.29) | (4,386.71) | 15,600.85 | (15,156.90) |
| Other Income | ||||
| Donations received | 398.41 | 48,178.57 | - | 2,000.00 |
| Grant income | 2,939.53 | 26,623.56 | 1,901.00 | 1,243.24 |
| HMRC Furlough income | - | - | - | 1,655.29 |
| Total Other Income | 3,337.94 | 74,802.13 | 1,901.00 | 4,898.53 |
Profit and Loss Kinnerton Little Acorns
19 Jan 2025 Page 1 of 2
Profit and Loss
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Profit on Ordinary Activities Before Taxation | (10,820.35) | 70,415.42 | 17,501.85 | (10,258.37) |
| Profit after Taxation | (10,820.35) | 70,415.42 | 17,501.85 | (10,258.37) |
Profit and Loss Kinnerton Little Acorns
19 Jan 2025 Page 2 of 2
Balance Sheet
Kinnerton Little Acorns As at 31 March 2024
| Balance Sheet Kinnerton Little Acorns As at 31 March 2024 |
Balance Sheet Kinnerton Little Acorns As at 31 March 2024 |
|---|---|
| 31 MAR 2024 31 MAR 2023 31 MAR 2022 31 MAR 2021 |
|
| Fixed Assets | |
| Tangible Assets | |
| Computer Equipment 1,072.20 429.00 - - |
|
| Less Accumulated Depreciation on Computer Equipment (375.30) (107.25) - - |
|
| Less Accumulated Depreciation on Office Equipment (20,362.37) (9,885.18) - - |
|
| Office Equipment 41,908.76 39,540.70 8,291.70 - |
|
| Total Tangible Assets 22,243.29 29,977.27 8,291.70 - |
|
| Total Fixed Assets 22,243.29 29,977.27 8,291.70 - Current Assets |
|
| Cash at bank and in hand | |
| KINNERTON LITTLE ACO 17,792.79 21,673.25 18,545.06 3,101.83 |
|
| KINNERTON LITTLE ACO#001 41,726.86 41,173.62 - - |
|
| Total Cash at bank and in hand 59,519.65 62,846.87 18,545.06 3,101.83 |
|
| Prepayments 3,171.00 - - - |
|
| Total Current Assets 62,690.65 62,846.87 18,545.06 3,101.83 Creditors: amounts falling due withinone year |
|
| Accounts Payable 455.79 118.21 3,025.00 - |
|
| PAYE Payable 3,627.25 908.68 2,429.53 (679.55) |
|
| Pensions Payable 5.80 5.80 5.80 5.80 |
|
| Rounding 98.60 98.60 99.00 - |
|
| Wages Payable - Payroll (126.00) - - - |
|
| Total Creditors: amounts falling due within one year 4,061.44 1,131.29 5,559.33 (673.75) |
|
| Net Current Assets (Liabilities) 58,629.21 61,715.58 12,985.73 3,775.58 |
|
| Total Assets less Current Liabilities 80,872.50 91,692.85 21,277.43 3,775.58 |
|
| Net Assets 80,872.50 91,692.85 21,277.43 3,775.58 Capital and Reserves |
|
| Current Year Earnings (10,820.35) 70,415.42 17,501.85 (10,258.37) |
|
| Retained Earnings 91,692.85 21,277.43 3,775.58 14,033.95 |
|
| Total Capital and Reserves 80,872.50 91,692.85 21,277.43 3,775.58 |
19 Jan 2025 Page 1 of 1
Balance Sheet Kinnerton Little Acorns
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Kinnerton Little Acorns members of
On accounts for the year 31 March 2024 Charity no 1185470 ended (if any) Set out on pages 1&2 (remember to include the page numbers of additional sheets)
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I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024.
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Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 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 (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn 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.
Signed:[H.Cheetham ] Date: 29/01/2025
Name: Heather Cheetham Relevant professional The Institute of Chartered Accountants of England and Wales qualification(s) or body (if any): Address: 2 The Stables, Bowling Bank, Wrexham, LL13 9QF
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight 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 .
October 2018
2
IER