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2025-08-31-accounts

Company registration number: 15006186 Charity registration number: 1204957

The Acorn School Educational Trust Limited

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 August 2025

Young & Co Business Advisors & Chartered Accountants

St Ethelbert House, Ryelands Street, Hereford, HR4 0LA T. 01432 263282 E. enquiries@youngand.co.uk www. youngand.co.uk

The Acorn School Educational Trust Limited

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Independent Examiner's Report 6 to 7
Statement of Financial Activities 8 to 9
Balance Sheet 10 to 11
Statement of Cash Flows 12
Notes to the Financial Statements 13 to 25

The Acorn School Educational Trust Limited

Reference and Administrative Details

Charity Registration Number 1204957
Company Registration Number 15006186
The charity is incorporated in England.
Registered Office Acorn School
Church Street
Nailsworth
GL6 0BP
Independent Examiner Young & Co (Hereford) Limited
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Page 1

The Acorn School Educational Trust Limited

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 August 2025.

Objectives and activities

Objects and aims

The Charity's interests are of social welfare with the object of providing fulltime education to children from 6 to 19 covering a broad curriculum. We seek to enable children to grow naturally, without unnecessary outside pressures, and so become well-rounded young adults. By cultivating individual growth in the three core areas of Thinking, Feeling, and Willing, we are able to help our students to become confident and conscientious achievers.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

In ensuring the objectives are met, the Trustees operate a rigorus process of target setting. The financial budget aims to build reserves and long term stability balanced with maximising the number of students with a bursary. This has been particularly challenging with the introduction of 20% VAT from 1st January 2025 which a number of parents have also struggled with.

Currently, the main strategy to meet the charity objectives is in running the school.

Public benefit

The trustees have given regard to the legislative and regulatory requirements for disclosing how the Charities objectives (as set out in its governing document) have provided benefit to the public. The Trustees have complied with the duty set out in Section 4 of the Charities Act 2011. This report outlines how the Charity's achievements during 2025 have benefited the public, either directly or indirectly.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

The number of pupils to benefit from an Acorn education has remained stable with a slight increase over the year from 87 at the start of the academic year to 91 at the end. 10% of students benefit from a means-tested bursary to further extend the charitable objects of the school to provide its unique education to a wide spectrum of the community.

Acorn works to maintain and develop its links with the local community. Our annual Christmas and Summer Fair are well attended by the wider community and our concerts have moved into the parish church to host a larger audience. We also interact with the Town Council to improve our integration in the local community.

Page 2

The Acorn School Educational Trust Limited

Trustees' Report

Financial review

Total income for the year was £965,226 and total expenditure was £901,606. The unrestricted income for this year was £942,353 which is a significant increase on the income for 2024 of £394,558. Unrestricted income was generated mainly from tuition and other fees. The accounts show a surplus for the year of £63,620 and at the year end, reserves stood at £70,026. The free reserves of the charity were £45,053. The accounts cover the first full year of operation and reflect a period of stability in pupil numbers allowing for an increase in reserves. The Trustees consider the financial position to be satisfactory at the year end.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Policy on reserves

The Trustees aim to set aside a sum by way of a reserve against unforeseen circumstances. As a new charity, this will take time to build. Our largest expenditure is on staff salaries, so our aim is to maintain sufficient reserves to cover expenses for six months which would currently require a reserve of £300,000. We are on track to achieve that figure within five years.

Financial risk management objectives and policies

The Trustees have conducted a review of the major risks to which the Charity is exposed and a risk register is reviewed on a regular basis. Where necessary, systems and procedures have been produced to manage the risks of the Charity. The primary risk is a fall in student numbers and steps are being taken to explore additional revenue streams that will mitigate that risk.

Page 3

The Acorn School Educational Trust Limited

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees:

Mr I Potts Dr M M Peters A K Finn (resigned 26 June 2025) Mr O E Cheney (appointed 26 June 2025 and resigned 1 January 2026) Mrs T C Sansom (appointed 1 December 2025) Mrs L D Havas (appointed 1 December 2025)

Structure, governance and management

Nature of governing document

The Acorn School Educational Trust Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed.

Recruitment and appointment of trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Organisational structure

The Trustees meet on a regular basis to deal with the business of the Charity.

Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Statement of trustees' responsibilities

The trustees (who are also the directors of The Acorn School Educational Trust Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Page 4

The Acorn School Educational Trust Limited

Trustees' Report

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 29 May 2026 and signed on its behalf by: SIGNED SECURELY

29/05/2026 at 11:37:30 AM UTC

......................................... Mr I Potts Trustee

Page 5

The Acorn School Educational Trust Limited

Independent Examiner's Report to the trustees of The Acorn School Educational Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Charted Accountant, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of The Acorn School Educational Trust Limited as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

Page 6

The Acorn School Educational Trust Limited

Independent Examiner's Report to the trustees of The Acorn School Educational Trust Limited ('the Company')

...................................... Graham John FCA Charted Accountant

St Ethelbert House Ryelands Street Hereford Herefordshire HR4 0LA

29 May 2026

Page 7

The Acorn School Educational Trust Limited

Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
18		 Unrestricted
funds
£
1,453
937,926
2,972
942,351
(871,704)
(871,704)
70,647
(7,027)
63,620
6,406
70,026		 Restricted
funds
£
20,000
2,875
-
22,875
(29,902)
(29,902)
(7,027)
7,027
-
-
-		 Total
2025
£
21,453
940,801
2,972
965,226
(901,606)
(901,606)
63,620
-
63,620
6,406
70,026

The notes on pages 13 to 25 form an integral part of these financial statements. Page 8

The Acorn School Educational Trust Limited

Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Charitable activities
4
Investment income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds carried forward
18		 Unrestricted
funds
£
393,690
868
394,558
(388,152)
(388,152)
6,406
6,406
6,406		 Total
2024
£
393,690
868
394,558
(388,152)
(388,152)
6,406
6,406
6,406

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18.

The notes on pages 13 to 25 form an integral part of these financial statements. Page 9

The Acorn School Educational Trust Limited

(Registration number: 15006186) Balance Sheet as at 31 August 2025

Note
Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
15
Net current assets/(liabilities)
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
18		 2025
£
24,973
36,388
61,408
97,796
(52,743)
45,053
70,026
70,026
70,026		 2024
£
7,607
13,550
106,593
120,143
(121,344)
(1,201)
6,406
6,406
6,406

For the financial year ending 31 August 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 13 to 25 form an integral part of these financial statements. Page 10

The Acorn School Educational Trust Limited

(Registration number: 15006186) Balance Sheet as at 31 August 2025

The financial statements on pages 8 to 25 were approved by the trustees, and authorised for issue on 29 May 2026 and signed on their behalf by:

SIGNED SECURELY

29/05/2026 at 11:37:30 AM UTC

......................................... Mr I Potts

Trustee

The notes on pages 13 to 25 form an integral part of these financial statements. Page 11

The Acorn School Educational Trust Limited

Statement of Cash Flows for the Year Ended 31 August 2025

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
Investment income
5
Working capital adjustments
Increase in debtors
13
(Decrease)/increase in creditors
15
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
5
Purchase of tangible fixed assets
12
Net cash flows from investing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 September
Cash and cash equivalents at 31 August		 2025
£
63,620
2,396
(2,972)
63,044
(22,838)
(68,601)
(28,395)
2,972
(19,762)
(16,790)
(45,185)
106,593
61,408		 2024
£
6,406
1,343
(868)
6,881
(13,550)
121,344
114,675
868
(8,950)
(8,082)
106,593
-
106,593

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 13 to 25 form an integral part of these financial statements. Page 12

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Acorn School Church Street Nailsworth GL6 0BP

These financial statements were authorised for issue by the trustees on 29 May 2026.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

The Acorn School Educational Trust Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Page 13

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Investment income

Investment income is included in the acccounts when receivable.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Page 14

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £200.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Motor Vehicles 25% of written down value per annum
Plant and Machinery 15% of written down value per annum
Fixtures and Fittings 15% of written down value per annum
Computer Equipment 33% of cost per annum
Property Improvements Straight line over the remaining lease
term

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 15

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Hire purchase and finance leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Total for period ended 31 August 2025		 Unrestricted
funds
General
£
1,453
1,453		 Restricted
funds
£
20,000
20,000		 Total
funds
£
21,453
21,453

Page 16

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

4 Income from charitable activities

Tuition income
Total for period ended 31 August 2025
Total for period ended 31 August 2024
5
Investment income
Interest receivable and similar income;
Interest receivable on bank deposits
Total for period ended 31 August 2025
Total for period ended 31 August 2024
6
Expenditure on charitable activities
Tuition
Total for period ended 31 August 2024
Tuition
Total for period ended 31 August 2024		 Unrestricted
funds
General
£
937,928
937,928
393,690
Unrestricted
funds
General
£
871,704
388,152
Activity
undertaken
directly
£
552,365
237,807		 Restricted
funds
£
2,873
2,873
-
Unrestricted
funds
General
£
2,972
2,972
868
Restricted
funds
£
29,902
-
Activity
support costs
£
341,791
145,395		 Total
funds
£
940,801
940,801
393,690
Total
funds
£
2,972
2,972
868
Total
funds
£
901,606
388,152
Total
expenditure
£
894,156
383,202

Page 17

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

In addition to the expenditure analysed above, there are also governance costs of £7,450 (2024 - £4,950) which relate directly to charitable activities. See note 7 for further details.

Page 18

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

7 Analysis of governance and support costs

Charitable activities expenditure

Basis of allocation
Staff costs
Fundraising costs
Advertising
Independent Examination and
Accountancy
Bookkeeping and payroll
Bank charges
Business insurance
Cleaning and recycling
Rent, rates, property insurance, and
light and heat
Property repairs and maintenance
Internet and IT software and
consumables
Legal and professional fees
Miscellaneous expenses
Motor and travel
Printing, postage and stationery
Subscriptions
Telephone
Bad debts written off
Specific provision for bad and doubtful
debts
Depreciation of fixed assets
Other interest and fines		 Unrestricted
funds
General
£
169,337
1,532
407
7,450
7,815
5
10,036
16,127
73,227
11,204
4,056
6,896
4,155
3,734
4,686
18,140
480
-
7,183
2,396
375
349,241		 Total
2025
£
169,337
1,532
407
7,450
7,815
5
10,036
16,127
73,227
11,204
4,056
6,896
4,155
3,734
4,686
18,140
480
-
7,183
2,396
375
349,241		 Total
2024
£
55,840
280
150
5,670
-
25
8,133
7,571
40,022
6,364
2,122
2,665
526
-
2,216
15,368
599
1,451
-
1,343
-
150,345

All support costs are allocated to the main charitable activity of tuition.

Page 19

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Governance costs

Independent examiner fees
Examination of the financial statements
Other fees paid to examiners
Independent examiner fees
Examination of the financial statements
Other fees paid to examiners		 Unrestricted
funds
General
£
5,545
1,905
7,450
Unrestricted
funds
General
£
2,550
2,400
4,950		 Total
2025
£
5,545
1,905
7,450
Total
2024
£
2,550
2,400
4,950

8 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

A K Finn

£275 (2024: £Nil) of expenses were reimbursed to A K Finn during the year.

Mr I Potts

£1,783 (2024: £Nil) of expenses were reimbursed to Mr I Potts during the year.

Dr M M Peters

£359 (2024: £Nil) of expenses were reimbursed to Dr M M Peters during the year.

Page 20

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

9 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
551,476
45,400
11,214
608,090		 2024
£
254,602
10,452
5,159
270,213

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

charity during the year expressed as full time equivalents was as follows:
2025 2024
No No
Staff 25 19

23 (2024 - ) of the above employees participated in the Defined Contribution Pension Schemes.

Contributions to the employee pension schemes for the year totalled £11,214 (2024 - £5,159).

No employee received emoluments of more than £60,000 during the year.

10 Independent examiner's remuneration

Examination of the financial statements
Other fees to examiners
All other services		 2025
£
5,545
1,905		 2024
£
2,550
2,400

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 21

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

12 Tangible fixed assets

Cost
At 1 September 2024
Additions
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Land and
buildings
£
-
16,513
16,513
-
-
-
16,513
-		 Furniture and
equipment
£
450
3,249
3,699
30
183
213
3,486
420		 Motor vehicles
£
8,500
-
8,500
1,313
2,213
3,526
4,974
7,187		 Total
£
8,950
19,762
28,712
1,343
2,396
3,739
24,973
7,607

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £16,513 (2024 - £Nil) in respect of leaseholds.

13 Debtors

Trade debtors
Prepayments
Other debtors		 2025
£
22,344
11,216
2,828
36,388		 2024
£
10,710
1,000
1,840
13,550

14 Cash and cash equivalents

Cash on hand
Cash at bank		 2025
£
203
61,205
61,408		 2024
£
95
106,498
106,593

Page 22

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

15 Creditors: amounts falling due within one year

15 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals		 2025
£
23,494
17,151
7,101
4,997
52,743		 2024
£
5,626
7,897
1,841
105,980
121,344

16 Pension and other schemes Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £11,214 (2024 - £5,159).

17 Commitments

Other financial commitments

Other financial commitments represent rent being paid on the school premises under a lease which ends on 31 January 2029.

The total amount of other financial commitments not provided in the financial statements was £205,000 (2024 - £265,000).

18 Funds

Unrestricted funds
General
Restricted funds
Total funds		 Balance at 1
September
2024
£
6,406
-
6,406		 Incoming
resources
£
942,351
22,875
965,226		 Resources
expended
£
(871,704)
(29,902)
(901,606)		 Transfers
£
(7,027)
7,027
-		 Balance at
31 August
2025
£
70,026
-
70,026

Page 23

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

Incoming Resources Balance at 31
resources expended August 2024
£ £ £
Unrestricted funds
General 394,558 (388,152) 6,406

The specific purposes for which the funds are to be applied are as follows:

Restricted Funds:

19 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
24,973
97,796
(52,743)
70,026
Unrestricted
funds
General
£
7,607
120,143
(121,344)
6,406		 Total funds at
31 August
2025
£
24,973
97,796
(52,743)
70,026
Total funds at
31 August
2024
£
7,607
120,143
(121,344)
6,406

Page 24

The Acorn School Educational Trust Limited

Notes to the Financial Statements for the Year Ended 31 August 2025

20 Related party transactions

During the year the charity made the following related party transactions:

One Trustee had a child who attended the school however they received no beneficial rate in the fees charged for such attendance. No amounts were outstanding at the period ended 31 August 2025. At the balance sheet date the amount due to/from was £Nil (2024 - £Nil).

During the year, the charity employed a close family member of a Trustee. The remuneration was set on an at arm’s length basis and the Trustee was not involved in the decision-making process. At the balance sheet date the amount due to/from was £Nil (2024 - £Nil).

Page 25

The Acorn School Educational Trust Limited

Detailed Statement of Financial Activities for the Year Ended 31 August 2025

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Investment income (analysed below)
Total income
Expenditure on:
Charitable activities (analysed below)
Total expenditure
Net income/(expenditure)
Transfers between funds (analysed below)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 31 August 2025 Total
£
21,453
940,801
2,972
965,226
(901,606)
(901,606)
63,620
-
63,620
6,406
70,026		 Total
2024
£
-
393,690
868
Unrestricted
funds
General
£
1,453
937,926
2,972
942,351
(871,704)
(871,704)
70,647
(7,027)
63,620
6,406
70,026		 Restricted
funds
£
20,000
2,875
-
22,875
(29,902)
(29,902)
(7,027)
7,027
-
-
-
394,558
(388,152)
(388,152)
6,406
-
6,406
-
6,406

This page does not form part of the statutory financial statements. Page 26

The Acorn School Educational Trust Limited

Detailed Statement of Financial Activities for the Year Ended 31 August 2025

Donations and legacies
Appeals and donations
Appeals and donations
Charitable activities
Tuition income
Tuition income
Investment income
Interest on cash deposits
Charitable activities
Tuition costs
Other fundraising costs
Other fundraising costs
Bursaries given
NZCSE provider fees
Wages and salaries		 31 August 2025
Unrestricted
funds
General
£
-
1,453
1,453		 Restricted
funds
£
20,000
-
20,000
31 August 2025
Unrestricted
funds
General
£
-
937,926
937,926
Unrestricted
funds
General
£
2,972
2,972
31 August 2025
Unrestricted
funds
General
£
(77,053)
-
(37)
-
(8,152)
(391,844)		 Restricted
funds
£
-
(1,495)
-
(28,407)
-
-

This page does not form part of the statutory financial statements. Page 27

The Acorn School Educational Trust Limited

Detailed Statement of Financial Activities for the Year Ended 31 August 2025

Staff NIC (Employers)
Staff pensions (Defined contribution) -
pension scheme 1
Property repairs and maintenance
Wages and salaries
Staff NIC (Employers)
Staff pensions (Defined contribution) -
pension scheme 1
Rent, rates, light and heat
Insurance
Telephone and fax
Computer software and maintenance
costs
Printing, postage and stationery
Trade subscriptions
Sundry expenses
Cleaning and recycling
Motor expenses
Advertising
Accountancy fees
Bookkeeping and payroll fees
Legal and professional fees
Bad debts written off
Bank charges
Other interest payable
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of motor vehicles
Depreciation of office equipment		 31 August 2025 Total
£
(39,330)
(7,579)
(11,204)
(159,632)
(6,070)
(3,635)
(71,502)
(11,761)
(480)
(4,056)
(4,686)
(18,140)
(4,155)
(16,127)
(3,734)
(407)
-
(7,815)
(6,896)
(7,183)
(5)
(375)
(26)
(407)
(1,806)
(157)
(894,156)		 Total
2024
£
(10,452)
(5,159)
(6,364)
(55,840)
-
-
(40,022)
(8,133)
(599)
(2,122)
(2,216)
(15,368)
(526)
(7,571)
-
(150)
(720)
-
(2,665)
(1,451)
(25)
-
(30)
(38)
(1,275)
-
Unrestricted
funds
General
£
(39,330)
(7,579)
(11,204)
(159,632)
(6,070)
(3,635)
(71,502)
(11,761)
(480)
(4,056)
(4,686)
(18,140)
(4,155)
(16,127)
(3,734)
(407)
-
(7,815)
(6,896)
(7,183)
(5)
(375)
(26)
(407)
(1,806)
(157)
(864,254)		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(29,902)
(383,202)

This page does not form part of the statutory financial statements. Page 28

The Acorn School Educational Trust Limited

Detailed Statement of Financial Activities for the Year Ended 31 August 2025

Governance costs
The independent examination of the charity's annual
accounts
Other services
Unrestricted
funds
General
£
Transfers between funds
Funds - Transfer from another fund
-
Funds - Transfer to another fund
(7,027)
(7,027)		 Governance costs
The independent examination of the charity's annual
accounts
Other services
Unrestricted
funds
General
£
Transfers between funds
Funds - Transfer from another fund
-
Funds - Transfer to another fund
(7,027)
(7,027)		 31 August 2025
Unrestricted
funds
General
£
Total
£
(5,545)
(5,545)
(1,905)
(1,905)
(7,450)
(7,450)
31 August 2025
Restricted
funds
£
Total
£
7,027
7,027
-
(7,027)
7,027
-		 Total
2024
£
(2,550)
(2,400)
Unrestricted
funds
General
£
(5,545)
(1,905)
(7,450)
31 August 2025
(4,950)
Total
2024
£
-
-
Unrestricted
funds
General
£
-
(7,027)
(7,027)		 Restricted
funds
£
7,027
-
7,027
-

This page does not form part of the statutory financial statements. Page 29

Young & Co Business Advisors & Chartered Accountants

Young & Co is the trading name of Young & Co (Hereford) Limited Company number 16252337 | Registered in England Registered office: St Ethelbert House, Ryelands Steet, Hereford, HR4 0LA T. 01432 263282 E. enquiries@youngand.co.uk www. youngand.co.uk

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