Reglstered number: 1048360
Charity number.. 263954
ACORN VILLAGES LIMITED
(A company limlted by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Acorn Village
People First, Disability Second

ACORN VILLAGES LIMITED
{A company Ilmlted by guarantee)
CONTENTS
Page
Reference and admini$trative dgtails of the Charity. its Trustees and advl$ers
Trust88$' report
Independent audltors. report on thg financial ststements
Consolidated statement of financial activities
2-11
12-15
16
Consolidated balance shogt
Charity balance sheet
Consolidated statement of ¢ash flows
18- 19
20
Notes to the financial statements

ACORN VILLAGES LIMITED
IA company limited by guarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustegs
Mr J Whittaker, Chairman
Mr J Gray
Mrs B Eyers, Vice Chairman
Mr K Jordan (resigned 26 June 20231
Mrs J Owens
Rev D Lang
Mr C Daines
Mr D Willis
Mr B Taylor
Mrs E Shields lappoinled 26 June 20231
Company reglstered
number
1048360
Charity reglstered
number
263954
Reglstered offlce
Acorn Villages Limited
Cla¢lon Road
Essex
C011 2NJ
Company secretary
Carly Cridland
Chlef executlve officer
Michelle Cook
Independent auditors
Grillin Chapman
4 & 5 The Cedars
Apex 12
Old Ipswich Road
Colchesler
Essex
C07 7QR
Bankers
Lloyds Bank
27 High Street
Colchesler
C01 1DU
Sollcltors
Ellisons
Si8dman Chambers
43 Head Street
Colchesler
Essex
C01 1NH
Page 1

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDING 31 MARCH 2024
Report of the trustees for the year ending 31 March 2024.
The trustees are pleased to present their annual directors, report together with the consolidated financial
statements of the charity and its subsidiaries, for the year ending 31 March 2024 which are also prepared to meet
the requirements for a directors, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and
Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparing
their actounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland,.
FRS 1021 issued in October 2019.
Chalrfs report
I'm pleased to report a good year for Acorn Village despite difficulties with numerous councils who are struggling
financially. Having had to be "re-active" to all the Government rules and regulations during Covid we, at last, have
been able to be'pro-active" and move forward with various projects.
We sadly had to close Trinity House Care Home as it required a massive cash injection to re-develop what had
become an out-dated building. We're now re-considering the sale of this asset as we feel we need to retain our
presence on Manningtree High Street for our main charity shop. Sales from our "on-line" and two charity shops
have been boosted since we brought in new staff to run these areas. We've also launched the"Walled Garden
Cafe" to open 7 days a week, which will involve a new supervisor and staff, particularly for weekend opening.
We will also be reviewing our usage of the whole site, including Mistley Hall and the field down to the main road.
The safety of our resident5, tenant5 and staff remain5 our top priority and it's been made easier in that there are
fewer visitors on site since Covid. However, like all charities, it is noticeable that there are fewer volunteers
overall. Luckilyi we still have a nu£leu5 of superb volunteers and a big "thank you" to them.
I proudly announced in February that we had no vacancies in residential, but, as is always possible with our
'home for life" policy, three residents passed away within days... Filling these "voids" takes time, but we're
prioritising this area and hopefully they will be filled soon. In these circumstances we clearly have to review our
whole operation. a5 our "village" setting comes at a cost that financially stretched councils may opt out of sending
their residents to. The "residential v supported livin￿, question has to be carefully considered given the national
state of Social Care.
As always, our staff are our greatest asset, consistently pulling together to deal with every aspect of running
Acorn Village. At a recent "Long Term Awards" celebration one member received his 30-year service certificate
and there were numerous 20-year ones. We will be implementing the new National Minimum Wage, but at a
massive cost.
We have a settled management team, where the new members, especially those new to Acorn Village, have
brought in some different, exciting skills and methodology which we are keen to embrace. The move away from
"fund raising" to'income generation" has been a real growth area for us, targeting specific needs.
Page 2

ACORN VILLAGES LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
The key element of the year has been the drive to make sure everyone realises that whilst we are a charity we
need to be run as a commercial business. The message has clearly worked as we achieved a small surplus at the
end of the year, the first for many years.
John Whittaker
Chair
Our purposes and activities
Our chariws purpose as set out in the objects contained in the company's memorandum of association is to
provide for..
'The relief of those in need by reason of learning disability by all or any of the following..
Promoting beneficiaries physical or mental health
Meeting beneficiaries religious or spiritual needs
AdvancinE the education of beneficiaries.
To accomplish these aims we.. -
Provide care in permanent homes within a village community for adults with learning d15abilities and
associated problems where they can be supported.
Support beneficiaries to enjoy the benefit5 of a family life
Support beneficiaries to develop and achieve their full potential
Provide these benefits to adults with learning disabilities and associated problems living in the wider
communitv.
The vision that shapes our activities remains the promotion of good care and the maximisation of the potential
for all our residents and tenants.
The charity also has the general aim of contributing to the quality of life of the people in the local area by creating
day care opportunities for those in need of them in the area.
In shaping our objectives for the year and planning otjr activitie5, the trustees have considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit.. running a charity IPB21' The
Village relies on donations both cash and saleable items to help cover any deficit in operating cost5 and to fund
villager activities.
In normal circumstances we endeavour to encourage everyone in the local community to take part in our
activities, attend our events and support our charity and coffee shops.
Page 3

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
The strategies employed to achieve the charity's aims and objectives are to facilitate the following activities:
Social interaction:
Social interaction is encouraged not only within the Village community but by interaction with other
societies such as "Harwich Sing" Musement, Red Rose Theatre Group, Sport for Confidence, Wheels for
All and Essex and Suffolk Community Rail project. Ladies and lads Group and a monthly residents and
tenants meeting with the CEO. The meetings have developed into several social occasions including
group meals and Halloween celebrations.
Learning new Life skills;
The Strover Centre is proving very popular especially for baking and learning to make individual or group
meals. A breakfast club is well attended.
Crafting in numerous forms,.
These include painting, weaving, model making, furniture upcycling.
Gardening and Horticulture;
With our own polytunnels and allotments this 15 a popular activity with residents as is the maintenance of
the garden area outside the houses. Produce is used within the houses and The Walled Garden café and
a5 part of the cooking sessions. It is also sold to the general public onsite.
Education,.
Supported attendance at college, workshops within the Creative Craft Centre providing skills and
knowledge
Active Leisure/Relaxation
As well as a visiting fitness instructor, sailing classe5 facilitated by volunteers of the Wolver5tone Trust
are popular. A regular reflexology slot is well received. A weekly Pilates class has been well attended alld
enjoyed. Regular social opportunities are arranged as well as a Summer fun day as part of our wellbeing
services.
Entertainment..
Music in all forms is popular and playing instruments and performing is encouraged. Discos and parties
are always well attended.
Use of facilities within by the local community,.
Popularity of the Walled Garden cafe is incre351ng. It has also provided volunteering opportunities for
service users. Together with the onsite charity Shop, it attracts people from the socal community to visit
the site and encouraged social interaction.
Our volunteers
The Trust is part of the local communitvi Wlth some tenants living in Manningtree itself. The Trust relies on
voluntary help and besides those regularly helping in the charity shops as well as sorting and selling donated
goods, we also have volunteers regularly helping in the craft centre with it5 numerous activities. Fundraising in its
many forms is an important part of our income. The selling of donated goods raised approximately £57,000
during the year-ending March 2024, and this would not be possible without the asslstance of our volunteer5 and
our profound thanks go to all of them.
Page 4

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
We have strengthened our volunteer support systems with regular social meetings as well 35 3n updated
induction and training schedule. The Trustees/Directors are also volunteers and do not receive a salary. all
volunteering their time. and although expenses would be available if needed. no expenses have been claimed
again thi5 year.
Achievements and performance
The continued development of our wellbeing services has been a huge success with many staff and volunteers
utilising the opportunities as well as the celebration of many initiatives across the year. This has included subjects
such as Pride, nutrition and sleep, an annual activity for National soup day and physical health chetks run by the
NHS. Being part of the NHS Working Well initiative has enabled us to have a level 3 accreditation, and we have
been featured in their county wide newsletters for our work.
Grant fLJnding has supported the development of an outside wellbeing library as well as a regular Pilates class for
residents and tenants and their support staff.
The Lottery Heritage project has begun with apple pressing equipment in plèce and used, as well as the
development of an apple pressing room, fruit tree avenue and the heritage walk signage and kitchen garden
underway.
We continue to be immensely proud of our 5t3ffing teams for their hard work and resilience especially alongside
the backdrop of Covid and all of its complexities. Long service awards are just one indicator of the dedication of
our teams. Retention of our teams remains our priority.
The difficult decision of closing Trinity House as a care home doesn't obviously fit as an achievement however, we
were very pleased to be able to offer alternative accommodation and a new working environment to everyone
that lived and worked there.
Facilities
Grant funding has enabled a large amount of improvement work across our residential and sUPPOrted living
properties as well as the ongoing and very necessary budget to upgrade and maintain an ever-aBing property
portfolio.
The safe encapsulation of some of the asbestos in Mistley Hall has been completed.
An annual external audit from a health and safety consultant P051tively highlighted the irnprovements made to be
proactive, safe and considered about all activities undertaken and this is supported by our facilitie5 manager
achieving her NEEBOSH qualification.
Page S

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDING 31 MARCH 2024
Financial review
The large increase in minimum wage was a challenge on the service when the annual % increase from local
authorities did not meet this. This alongside rising costs and the increasing number of councils in financial
difficulties, has meant that budget and spending control has been a priority.
Filling any voids in our seryice is of utmost importance and we are pleased that the long-awaited on-boarding of
our sUPPOrted living properties has now been achieved therefore vacancies can be explored by interested parties.
We still have a healthy amount of interest via our expression of interest list.
Social care continues to face considerable challenges and the impact of this is felt by the care service when trying
to have timely and effective communications and negotiations with some of the local authorities.
A greater emphasis on applying for grants has meant that outstanding projects can be achieved to improve or
maintain our grounds and facilities and enhance the lives of adults with learning disabilities by improving our dav
services equipment and wellbeing options.
A complete review of our trading subsidiaries aims to maximise funds to benefit the charity. Plans to expand our
online sales opportunities will bring in additional income as well as utilise existing Stock. Plans to open the Walled
Garden café at weekends will bring not only income but a greater footfall to the charity itself.
Investment powers and policy
Investment Pollcy
The continuing financial constraint5 on local authority funding and the general difficulty in fund raising dictates
that there is an increased need to maximise income from all sources including the reserves. The organisation's
resetve policy is to ensure there is a minimum of three month's community running costs in a cash reserve. This 15
in the region of £lm and was historically held irs cash.
The trustees remain cognisant of the risk to capital but are prepared to take a low to medium risk stance to
achieve their aims. The portfolio remains in funds specifically set up for charity investments and is diversified over
a number of funds, managers and asset classes.
Reserves policy and going concern
The board has examined the charity's requirements for reserves in the light of the main risks to the organisation.
It has established a reserve policy to ensure there is a minimum of three month's community running costs in
unrestricted funds in a cash reserve. This is to cover the eventuality of short-term funding interruptions to cash
flow or long-term funding Ioss and enable residents to be relocated to different carers without the need for
undue haste and the associated trauma that would entail. The average monthly running cost for the first 10
months of year 2023124 wa5 £378,500 indicating that reserves should be in the order of £1,135,500 .
Page 6

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
As of 31 March 2024 liquid reserves stood at £926,937 together with 3 further £890,029 in readily available
investments. Whilst the trustees have no immediate concern with regard to solvency, there is a continuing need
reduce the reliance on donations and discussions with our commissioners are ongoing. It should be noted that
the financial pressures faced by local authorities impacts greatly on the negotiations required.
Plans for future
Our plans for this year include
Telecommunications upgrade
Introduction of a digital care planning system
Renewed strategic direction for the charity
Review the use and purpose of Trinity House
Implementation of Gift Aid for our donated good services
Weekend opening for The Walled Garden café.
Reference and administrative detalls
Charity number.. 263954
Company number.. 1048360
Registered Office- Acorn Villages Ltd, Clacton Road, Mistley, Manningtree, Essex, COII 2NJ
Our advisers
Bankers.. Lloyds Bank plc, 27 High Street Colchester E55ex COI IDU
Solicitors.. Ellisons, Stedman Chambers, 43 Head Street, Colchester, Essex COI INH and Sparlings, 13 High Street
Manningtree, COII IAQ
Auditors.. Griffin Chapman, 4 & 5 The Cedars. Apex 12, Old Ipswich Road, Colchester, Essex, C07 7QR - IAppointed
27102120231
Directors and trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees
and officers Se￿ing during the year and since the year end were as follows..
The Trustees of the Charity, who are the Direttors for the purposes of company law, and who served throughout
the year and up to the date of this report were..
Mr J Whittaker- Chair
Mrs B Evers- Vice Chair
Mrj Gray
Mrs J Owen5
Mr C Daines
Mr D Willis
Mr B Taylor
Mrs E Shields
Rev D Lang
Page 7

ACORN VILLAGES LIMITED
{A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
Key management personnel:
M Cook
Chief Executive
C Cridland
Company Secretary
Operations Manager
Senior Registered Manager with special responsibility for care service
Finance Manager
HR Manager 101104/20221
Facilitie5 Manager130106120221
Communications & Income Generation Manager122108/20221
G B311s
Tcox
S Gunn
M Sear
A Stutter
K Buxton
Structure, Governance and Management
Governing Document
The Charity is a company limited by guarantee, incorporated on 5 April 1972. The Company was established under
a Memorandum and Articles of Association which was revised and updated during year ending 31 March 2012 to
cater for changes in company law and to simplify the management of the Charity- The objects and ethos of the
Charity however were deliberately left unaffected by the updated Memorandum and Articles of Association
which remains the governing document. In the event of the Company being wound up the members are liable for
an amount not exceeding £10.
Appointment of trustee5
Trustees of the Charity are company direttors for the purposes of company law and form the Management Board.
One third of the Trustees retire by rotation each year, after which they can be re-elected at the next annual
general meeting. The nature of the Charity's work focuses on care of adults with learning disabilities,. the Trustees
ensure that the needs of this group are appropriately reflected in the diversity of the Management Board
composition. To date the Management Board has been successful in recruiting new members through their own
networking and local knowledge. The ongoing business operation and specific skills required for working with
people with learning disabilities are well represented on the Management Board. To obtain an essential skill mix
and to avoid particular skills being lost due to retirement, individuals are approached to offer themselves for
election or re-election to the Management Board.
Trustee induction and training
New Trustees are made aware of their legal obligations under charity and company law, the Charity Commission
guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the
committee and decision-making processes. They are given a thorough briefing on the work of the Charity, it5
current business plan and financial position plus a tour of the operational activities. These are jointly led by the
Chair and Chief Executive of the Charitv.
Page 8

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
Organisation
The Board of Trustees meets at least quarterly and deals with the overall strateEiC direction and policy of the
Charity. The Board has appropriate sub-committees with defined terms of reference and including members of
the management teams to further understand and develop our vision and aims for the Charity. The sub-
committees are charged with reporting to the main board on their particular areas of responsibility. The
committees are..
Finance, Risk and Salaries
Health & Safety, Procurement and Premises
Personnel
Communication and Income Generation
Care, Safeguarding and Care Quality Commission Compliance
The everyday management of the village is delegated to the Chief Executive alongside the managers who
supervise the day-to-day running of the Village Community, including the Supported Living Communities. The
overall responsibility for operational activities is delegated to the Chief Executive and Senior Management Team
including budgeted finance and compliance.
Authorisation for non-budEeted capital spending remains with the Board. The responsibility for ensuring that staff
receive appropriate training in line with Care Quality Commission requirements and standards, including Health
and Safety at work, lies Wlth the Operations ManaEerlSnr Registered Manager.
Key Management Personnel
The Charity considers Its key management personnel to be the Chief Executive Officer, the Operation5 Manager,
Senior Registered Manager, Finance Manager, HR Manager, Facilities Manager and Communication5 & Income
Generation Manager.
Related parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Trustees and close
contatts are not allowed to be employed directly by the company and any financial interest which may potentiallv
impact any decision must be declared.
Pay policy for senlor staff
The remuneration package of the CEO is negotiated with the trustees directly. Remuneration of members of the
senior management team, which are considered by the trustees to be the CEO'S direct reports. are negotiated
with the CEO on an individual basis and agreed with the trustees.
Rlsk management
The Management Board constantly reviews any major risks to which the Charity may be exposed, taking
measures to alleviate such risks where appropriate.
A Risk Register has been developed which is reviewed at the quarterly board meetings and updated and amended
as deemed necessary.
Page 9

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
Policies and controls are updated and amended as regulations require or improvements are deemed beneficial.
A reserves policy is in place to cover any major detrimental financial event. The minimum level of the reseryes is
set at three times the average monthly running cost of the Se￿iCe.
Wage inflation is the perhaps the least controllable risk. An increase in the minimum wage is no more than the
staff affected deseNe and whilst such increases are not aimed at staff in higher wage brackets, they do have an
impact on those staff members wages in order to maintain a pay differential. That means that tight budgetary
settlements implemented by local authorities do not cover the increased costs of wage inflation. The seriousness
of underfunding and low priority afforded to social care in the political arena represents a major risk not only to
Acorn but to the sedor in general.
All care facilities are registered with the Care Quality Commission.
Procedures are in place and regularly reviewed to ensure compliante with legislation. The Quality Assurance
system is monitored and updated to ensure it meets people's needs. Results of Care Quality Commission
inspections indicate that the Quality Assurance system is working but we are mindful of the need to be vigilant to
ensure standards are maintained.
Our approach to fundraising activltles
As a charity we comply with and support the expectations of the charity commission, the regulator of charities in
England and Wales, and operate in a way which protects the charity's reputation and encourages public trust and
confidence in the charity. This includes following the law and recognised standards, protecting the charity from
undue risk, and showing respect for donors, supporters and the public.
We are pleased to receive donations and legacies from supporters and donated goods for Sale in our charity
shops and online activities. We also appreciate the support of the public at fund raising events.
We do not have the resources to hold our own fundraising events and are extremely grateful to those people who
wish to fundraise on our behalf with full support given to showcase and celebrate their event and achievements.
We continue to prioritise grant applications, corporate support and growing our trading subsidiaries to raise
income for the charity.
Trustees. responsibilities in relation to the financial statements
The charity trLJStee5 (who are also the directors of the Acorn Villages Limited for the purposes of company lawl
are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair
view of the state of affairs of the charitable company and the group and of the incoming resources and
application of resources, including the income and expenditure, of the charitable group for that period.
Page 10

ACORN VILLAGES LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDING 31 MARCH 2024
In preparing the financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements-
prepare the financi31 statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and to enable them to ensure that the financia5 statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are
responsible for the maintenante and integrity of the corporate and financial information included on the
charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditors
In $0 far as the trustee5 are aware at the time of approving our trustees, annual report-.
there is no relevant information, being information needed by the auditor in connection with Preparing their
report, of which the group's auditor is un3ware, and
the trustees, having made enquiries of fellow directors and the group's auditor that they ought to have
individually taken, have each taken all steps that he/she is obliged to take as a director in order to make
themselves aware of any relevant audit information and to establish that the auditor is aware of that
information.
Auditors
The auditors Griffin Chapman have indicated their willingness to continue in office. The designated Trustee will
propose a meeting re-appointing the auditors at a meeting of trustees.
Approved by order of the members of the board of trustees on
behalf by,
and signed for on their
J Whittaker Ichairl
Page 11

ACORN VILLAGES LIMITED
{A company Ilmlted by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED
Opinion
We have audited the financial slalemenls ol Acorn Villages Limlted Ilhe 'parenl charitable companll and ils
subsidiaries Ilhe 'group'l lor the year ended 31 March 2024 which comprise the Consolidated statement of
financial aclivilies, the Consolidated balance sheet, the Charity balance sheet, the Consolidated slalement ol
ash flows and the related notes, including a summary ol significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic ol Ireland, (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalements..
give a true and lair view ol the slate ol the Group's and of the parent charitable company's affairs as al 31
March 2024 and of the Group's incoming resources and application ol resources, including ils income and
expendilure lor the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements ol the Companies Act 2006.
Basls tor oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibili116s under those standards are further described in the Auditors, responsibilities lor the audtt
ol the financial slalemenls section ol our report. We are independent ol the Group in accordance with the ethical
requirements that are relevant lo our audit of the financial slalemenls in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sullicienl and
appropriate to provide a basis lor our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the Trustees. use ol th8 going concern basis of
accounting in the preparation ol tho financial slalemenls is appropriate.
Basod on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent chaTilabl8
companls ability lo continue as a going concern for a period of al least twelve months from when the financial
statements are aulhorised lor issue.
Our responsibilities and the responsibilities ol the Trustees with respgct lo going concern are described in the
relevant sections ol this report.
Page 12

ACORN VILLAGES LIMITED
{A company Ilmited by guarante•>
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED {CONTINUEDI
Other inlormation
The other information comprises the information included in the Annual report other than the financial slalemenls
and our Auditors, report Ihereon. The Truslees are responsible lor the other information contained within the
Annual report. Our opinion on the financial slalements does not cover the other information and, except lo the
extent otherwise explicitly slated in our report, we do not express any form ol assurance conclusion Ihereon. Our
responsibility is to read the other inlormalion and, in doing so, consider whether the other information is
materially inconsislenl with the financial slalemenls or OLJr knowledge obtained in the course ol the audit, or
olhenNise appeaTS lo be materially misslaled. If we identify such material inconsistencies or apparent rnalerial
misslalemenls, we are required lo determine whether this gives rise lo a material misslalemenl in the financial
slalemenls themselves. 11, based on the work we have performed, we conclude that there is a material
misslalement of this other information, we are required lo report that fact.
We have nothing lo report in this regard.
Opinion on other matters prescrlbed by Ihe Companles Act 2006
In our opinion, based on the work undertaken in the course ol the audit..
the information given in the Trustees, report including the Strategic report lor the financial year lor which
the financial slalemgnls are prepared is consislenl with the financial statements.
the Trustees. report and the Strategic report have been prepared in accordance with applicable legal
requirements.
Matter$ on which we are requlred to report by exceptlon
In the light ol our knowledge and understanding ol the charitable company and its environment obtained in the
course ol the audit, we have not identified material misstatements in the Trustees, report including the Strategic
report.
We have nothing lo report in respect ol th8 following mallers in relation lo which Companies Act 2006 rèquires
us to report lo you il, in our opinion-.
the parent charitable company has not kept adequate and sufficient aceounling records, or returns
adequate for our audit have not been received from branches not visited by us- or
the parent charitable company financial slalements are not in agreement with the accounting records and
returns., or
certain disclosuros of Trustees. remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Page 13

ACORN VILLAGES LIMITED
{A company limited by guarant•8)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED {CONTINUED)
Re$ponsibilities of trustees
As explained more lully in the Trustees. responsibilities statement, the Trustees (who are also the directors of the
charitable company lor the purposes ol company lawl are responsible for the preparation ol the financial
statements and lor being satisfied that they give a true and fair view, and for such internal control as Ihe
TrLJStees determine is necessary lo enable the preparation ol financial slalements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial stalemenls, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going
ttoncern and using the going Concern basis ol accounting unless the Trustees either intend lo liquidate the Group
or the parent charitable company or lo cease operations, or have no realistic allernalive bul lo do so.
Audltors. responsibSlltle$ for the audit of the flnan¢lal statements
Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free
from material misslalemenl, whether due lo fraud or error, and lo issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level ol assurance, but is not a guarantee that an audit ¢onducled in
accordance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalemenls can arise
from fraud or error and are considered material if, individually or in the aggregat&, they could reasonably be
expected lo influence the economic decisions ol users taken on the basis of these financial slalemenis.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo delecl material misslalemenls in respect of irregularities,
including fraud. The exleni to which our procedures are capable ol detecting irregularities, including fraud is
detailed below..
The engagement partner ensured the engagement team had the necessary skills and knowledge lo identify non-
compliance with applicable laws and regulations.
We obtained an understanding ol the legal and regulatory frameworks that are applicable to the company and lor
those that are most signilicanl, we enquired into how management ensures compliance is maintained. We
identified that the principal risks of non-compliance with laws and regulations related lo health and safely and the
ability lo continue trading as a manulacluring and retail enlily. Correspondence was reviewed from third parties,
where relevant.
Enquiry and review of the company's Iran8aclions was undertaken lo highlight any instances ol penalties, line$
or legal activity which could suggest non-compliance with laws and regulations. There was no conlradiclory
evidence found. We also considered those laws and regulations that have a direct impact on the preparation ol
the financial statements such as the Companies Act 2006.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial slalements
lincluding the risk ol override ot conlrolsl and determined that the principal risks were related lo posting journal
entries lo increase profits or reclassify costs and manag&meni bias in accounting estimates, especially stock
provision. In response, we incorporated lesling ol manual journal entries and scrutiny ol unusual transactions
into our audit approach. Analytical procedures were used to help identify risk laclors in exceptional income
received during the year. The incentive by managemènt lo portray positive company results was taken into
consideration when undertaking audit lesling in the higher risk areas ol income and stock, with challenges made
in relation lo management assumptions and calculations used.
There are inherent limitations in the audit procedures described above and the further removed non-cornpliance
with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely
we would become aware of it. Also, the risk ol not detecting a material misslalernenl due to fraud is higher than
Page 14

ACORN VILLAGES LIMITED
(A company limited by guarantee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED (CONTINUED)
the risk ol not detecting one resulting from error, as fraud may involve deliberate concealment by, lor example,
forgery or intentional misrepresenlalions, or through collusion.
It is also slated, as a reminder, that the primary responsibility lor the prevention and detection of fraud rests with
both management and those charged with governance ol the company.
A further description ol our responsibilities lor the audit ol the financial statements is located on the Financial
Reporting Council's website al.. www.fr
.or
.uklaudilorsr8s
nsibililies. This description forms part of our
Auditors. report.
Use of our report
This report is made solely lo Ihe charitable companls members, as a body, in accordance with Chapter 3 01 Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable
company's members those mallers we are required lo slate to them in an Audilor5' report and lor no other
purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than
the charitable company and ils members, as a body, lor our audit work, lor this report, or for the opinions we
have formed.
Danlel Aldworth (Senlor statutory audltor)
lor and on behalf ol
Grlffln Chapman
Chartered Accountants and Slalulory Auditors
4 & 5 The Cedars
Apex 12
Old Ipswich Road
Colchesler
Essex
C07 7QR
Dale..
C Syknkn
Page 15

ACORN VILLAGES LIMITED
IA company limited by guarantee)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income Irom..
Donations and legacies
Charitable activities..
Acorn Village Community
Government Grants
Other trading activities
Investment Incomfj
202,511
76,083
278,594
94,575
4,179,957
49,500
4,179,957
49,500
131,648
37,256
4.033, 108
121,243
113,179
30,645
131,648
37,256
Total In¢ome
4,431,968
244,987
4,676,955
4,392,690
Expendlture on:
Raising funds
Charitable aclivi11g5
2.491
4,509,776
105.992
32.617
108.483
4,542,393
96, 103
4,441,916
Total expenditure
4,512,267
138,609
4,650,876
4,538,019
Net {expendlture)lincome before net
gainslllossesl on investments
Nel gainslllossesl on investments
180.2991
106.378
28,552
26,079
28,552
(145,329J
[36, 143)
Net movement in funds
{80,299}
134,930
54.631
(781,472)
Reconclllallon of funds:
Total funds brought forward
Nel movement in funds
1.767,369
(80,299)
2.925,502
134,930
4,692,871
54.631
4.874,343
(781,472)
Total funds carried forward
1,687.070
3,060,432
4,747,502
4,692,871
The Consolidated slat8menl ol financial activities includes all gains and losses recognised in the year.
The notes on pages 21 to 41 form part ol these financial statements.
Page 16

ACORN VILLAGES LIMITED
IA company limited by guarantee)
REGISTERED NUMBER: 1048360
CONSOLIDATED BALANCE SHEET
AS AT 31 MAFICH 2024
2024
2025
Notg
Fixod a$sets
Tangible assets
Investments
13
14
3,174,952
890,029
3.265,647
861.477
4,064.981
4, 127.124
Current assets
Stocks
Debtors
Cash at bank and in hand
8,721
198,567
926,937
9,333
148,967
796,086
16
1.134.225
954,386
Creditors.. amounts falling due within one
year
17
(4S1,704}
(388,639)
Net current assets
682,521
565,747
Total assets less current liabllltles
4,747,502
4,692,877
Net assets excludlng penslon asset
4,747,502
4,692,877
Total net assets
4,747,502
4,692,871
Charity funds
Restricted funds
Unreslri¢led funds
1,687,070
3,060,432
7,767,369
2,925,502
19
Total funds
4.747,502
4,692,871
The Trustees acknowledge their responsibilities lor complying with the requirements ol the Act with respgct 10
accounting records and preparation of financial slalements.
The financial
statements
Were approved and
Sepw 2021fr
aulhorised for issue by the Trustees on
and signed on their behalf by..
Mr J Whlttaker
Chairman
The notes on pages 21 10 41 form part ol these financial statements.
Page 17

ACORN VILLAGES LIMITED
{A company limlted by guarantee)
REGISTERED NUMBER: 1048360
CHARITY BALANCE SHEET
AS AT 31 MARCH 2024
2024
2025
Notg
Fixed assets
Tangible assets
Investments
13
14
3.174,568
890,029
3,265, 176
861,477
4,064,597
4. 126,655
Current assets
Stocks
Debtors
Cash al bank and in hand
15
7,292
300,061
826.911
8.470
232,946
712,007
1,134,264
953,363
Creditors.. amounts falling due within one
year
{451,362)
(387, 749)
Net current assets
682.902
566,214
Total assets less current liabllltles
4.747,499
4,692.867
Net assets excludlng penslon a$set
4,747,499
4,692.867
Total net assets
4,747,499
4,692,867
Charity funds
Reslricled funds
Unrestricted funds
1,687,070
3,060,429
1. 767,369
2,925,498
19
Total funds
4.747,499
4,692,86i
The Charity's nel movement in funds lor the year was £54,632 12023- £[181,472)J.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation ol financial slalemenls.
The financial
slalemgnls were approved
and authoris￿ lor issue by the Trustees on
and signed on their behalf by..
Mr J Whittaker
Chairman
Page 18

ACORN VILLAGES LIMITED
(A company limited by guarantee>
REGISTERED NUMBER: 1048360
CHARITY BALANCE SHEET {CONTINUED}
AS AT 31 MARCH 2024
The notes on pages 21 to 41 form part ol these financial slatemenls.
Page 19

ACORN VILLAGES LIMITED
(A company limited by guarantee)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from oyrating activltles
Net cash used in operating aclivi119S
116,518
34,227
Cash Ilows from Invgsting actlvltles
Dividends, interests and rents from investments
Proceeds from the sale ol tangible fixed assets
Purchase of tangible fixed assets
37,256
8,842
(31,7651
30,645
(78, 172)
Net cash provlded byl{used In) Investing attlvlties
14,333
(47,5271
Cash Ilows from flnan¢lng activitles
Net cash provided by financlng actlvities
Change in cash and cash equlvalents In the year
Cash and cash equivalents al the beginning of the year
130,851
{13,300}
809,386
796,086
Cash and cash equlvalents at the end of the year
926,937
796,086
The notes on pages 2110 41 form part ol these financial slatemonls
Page 20

ACORN VILLAGES LIMITED
(A company1Smited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General inforrnation
Acorn Villages Limited is a charity registered with the Charty Commission with the Charity Number
263954. The ChaTlty is incorporated as a company limited by guarantee al Companies House with the
Company Nurnber 1048360 and domiciled in the United Kingdom.
Accounting pollcles
2.1 Basls of preparatlon of financial statements
The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities: Statement ol Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 lelleclive 1 January 20191, the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Acorn Villages Limited meets the definition of a public benefit enlily under FRS 102. Assets and
liabilities are initially recognised al historical cost or transaction value unless othenNise stated in the
relevant accounting policy.
The Consolidated slalemenl ol financial activities ISOFA} and Consolidated balance sheet
consolidate the financial slalemenls ol the Charity and ils subsidiary undertakings. The results ol the
subsidiaries are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 01 the Companies Act
2006 and has not presented ils own Slalemenl ol financial activities in these financial stalemenls.
2.2 Going concern
The directors assess whether the use ol going concern is appropriate i.e. whether there are any
material unc8rtainlies related lo events or conditions that may cast significant doubl on the ability ol
the company lo continue as a going concern. The directors make this assesmenl in respect ol a
period at least one year from the dale of aulhorisalion ol these financial slalemenls and have
concluded that the company has adequate resources to continue in operational existence lor the
lorseeable lulure and there are no material uncertainties about the company's ability to continuè as a
going concern, thus they continue to adopt the going concern basis of accounting in preparing the
financial slalemenls.
Page 21

ACORN VILLAGES LIMITED
(A company limlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policies {continuedl
2.3 Income
All income is recognised once the Charity has enlillement to the income, il is probable that Ihe
income will be received and the amount ol income receivable can be measured reliably.
Income from residential and supported living fees represents arnounts invoiced during the year.
Accounting adjustments are made in respect ol accrued or dèferred income so that the amounts
included on the Statement of Financial Activities represent fees receivable in relation to
residenvlenanl occupany and support during the year.
The recognition ol income from legacies is dependent on establishing entiilemenl, th8 probability ol
receipt and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of
enlitlemeni lo a legacy exists when the Charity has sullicienl evidence that a gill has been left lo
them Ilhrough knowledge ol the existence ol a valid will and the death of the bgnelaclorl and the
executor is satisfied that the property in question will not be required lo satisfy claims in the eslale.
Receipt ol a legacy musl be recognised when il is probable that il will be received and the lair value
of the amount receivable, which will generally be the expected cash amount lo be distributed lo the
Charity, can be reliably measured.
Grants are included in the Consolidated slalemenl ol financial activities on a receivable basis. The
balance ol income received lor specific purposes bul not expended during the pgriod is shown in the
relevant funds on the Balance sheet. Where income is received in advance ol enlillemenl ol receipt,
ils recognition is deferred and included in creditors as deferred income. Where enlillemenl occurs
before income is received, the income is accrued.
Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
Income lax recoverable in relation lo investment income is recognised al the time the investment
in¢ome is receivable.
Other incom8 is recognised in the period in which il is receivable and lo the extent the goods have
been provided or on completion ol the service.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo Iransler economic benelil
lo a third party, il is probable that a Iransler ol economic benefits will be required in settlemonl and
the amount ol the obligation can be measured reliably. Expenditure is classified by activity. The costs
ol each activity are made up ol the total of direct costs and shared costs, including 8UPPOrt costs
involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly
lo that aclivily. Shared costs whi¢h ¢onlribule lo more than one activity and SLJPPOrt ¢osis which are
not allribLJlable to a single activity are apporlioned between those activities on a basis consislenl with
the use ol resources. Central slalf costs are allocated on the basis ol time spent, and depreciation
charges allocated on the FX)rtion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Group to raise funds lor its
charitable purposes and includes costs of all fundraising aclivrfties events and non-charilable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
Page 22

ACORN VILLAGES LIMITED
(A ¢ompany limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.4 Expenditure {contlnuedl
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants ielaling lo tangible fixed assets are Irealed as deferred income and released lo
the Consolidated slalemenl of financial activities over the expected useful lives ol the assets
concerned. Other grants are credited lo the Consolidated slalemenl ol financial activities as the
r8laled expenditure is incurred.
2.6 Gift Aid
In the case of a Gill Aid payment made within the GfOUP, income is accrued when the payment is
payable lo the Parent Charity under a legal obligation. Measurement is al the lair value receivable,
which will normally be the Iransa¢lion value.
Where the right lo receive Gift Aid has been eslablish8d, the amount receivable is recognised as
income in the Consolidated statement of financial aclivilies.
2.7 Tanglble flxed assets and depretlatlon
Tangible fixed assets are capilalised and recognised when future economic benefits are probable
and the cost or value ol the asset can be measured reliably.
Tangible fixed assels are initially recognised al cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairmenl
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement ol cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives.
Depreciation is provided on the following bases:
Freehold property
Plant and machinery
Motor vehicles
Fixtures and lillings
Nil, 1 Q/., 2Q/., 40/., 6.670/0 and 1 OV¢ Straight line
250/0 reducing balance
250/0 reducing balance
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Consolidated statement ol financial activities.
Page 23

ACORN VILLAGES LIMITED
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles (continued)
2.8 Investments
Fixed asset investments are a form ol financial instrument and are initially recognised al their
transaction cost and subsequently measured al lair value al the Balance sheet dale, unless the value
cannot be measured reliably in which case il is measured al cost less impairment. Investment gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl o
inveslmenls, in the Consolidated slalem8nl ol financial activities.
Investments in subsidiaries are valued al cost less provision for impairment.
2.9 Stocks
Stocks are valued ai the lower ol cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.10 Debtors
Trade 2nd other debtors are recognised at the settlement amount after any trade discount ollered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.11 Cash at bank and In hand
Cash al bank and in hand includ&s cash and short-term highly liquid inveslfflenls with a short maturity
ol three months or less from the dale ol acquisition or opening ol the deposit or similar account.
2.12 Llabllltles and provlslons
Liabilities are recognis&d when there is an obligation at the Balance sheet dale as a result ol a past
event, il is probable that a Iransler ol economic benefit will be required in settlement, and the amount
of the selllemenl can bg eslimaled reliably.
Liabililios are recognised al the amount that the Charity anlicipales il will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it musl provide.
Provisions are measured al the best estimate ol the amounts required lo settle the obligation. Where
the effect ol the lime value of money is material, the provision is based on the present value of those
amounts, discounted al the pre-tax discount rate that rellecls the risks specific lo the liability. The
unwinding ol the discount is recognised in the Consolidated statement ol financial activities as a
finance cost.
2.13 Financial instrument$
The Group only has financial assets and financial liabilities ol a kind that qtjalify as basic financial
inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their selllemenl value with the exception of bank loans which are subsequently
measured al amortised cost using the elleclive interest method.
Page 24

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL ST ATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {contlnuedl
2.14 Operating leases
Rentals paid under operating leases are charged lo the Consolidated statement of financial activities
on a slraighl-line basis over the lease term.
2.15 Penslons
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group lo the fund in respect ol the year.
2.16 Fund accounting
General funds are unreslricled funds which are available lor use at the discretion ol the Trustees in
furtherance of the general objectives ol the Group and which have not been designated lor other
PLJrposes.
Reslricled funds are funds which are lo be used in accordance with specific restrictions imposed by
donors or which have been raised by the GroLJP lor particular purposes. The costs ol raising and
administering such funds are charged against the specific fund. The aim and use o19ach restricted
fund is sel out in the notes lo the financial slatemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Crltlcal accounting estimates and areas of ludgment
Eslimales and judgments are continually evaluated and are based on historical experience and other
factors, including expeclalions of lulure events that are believed lo be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The Charitable company makes eslimales and assumptions concerning the lulure. The resulting
accounting eslimales and assumptions will, by definition, seldom equal the related actual results. There
are no eslimales and assumptions that have a significant risk ol causing a material adjustment lo the
carrying amounts ol assets and liabilities within the next financial year.
Income from donatlons and legacies
Restricted Unre$trlcted
fund$
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
202,511
76,083
278,594
94,575
Total 2023
60,403
34,172
94,575
Page 25

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Incorne from charitable activities
Restricled
lunds
2024
Total
funds
2024
Tolai
funds
2023
Income from charltable activities - Acorn Village Community
Income from charitable activities Government Grants
4,179,957
49.500
4,179,957
49.500
4.033, 108
127,243
4,229,457
4,229,457
4, 154.351
Income from other trading actlvltles
Income f rom fundraising events
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising aclivilies
503
503
1,206
Income from non charitable tradlng activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2025
Trading income - Acorn Village ITradingl Limited
Trading income - Acorn Village (Acornsl Limited
57,245
73,900
57,245
73,900
55,798
56.715
131,145
131,145
111,973
Page 26

ACORN VILLAGES LIMITED
{A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment incomo
Unrestricted
funds
2024
Total
lunds
2024
Tolai
funds
2023
Investment income - dividends receivablg from listed fixed
asset investments
37,256
37,256
30,645
Expenditure on ralslng funds
Costs of raislng voluntary income
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2025
Direct Fund Raising Expenses
Support Fund Raising Expenses
Governan¢e Costs
Costs ol raising voluntary income - wages and
salaries
2,491
2,491
3,828
3,215
62
3,967
2,962
3,828
3,215
69,328
69,328
61,187
2,491
76,371
78,862
68,172
Total 2023
62
68,110
68,172
Page 27

ACORN VILLAGES LIMITED
(A company Ilmlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on ralslng funds leontinuedl
other trading expenses
Unre$trlcted
funds
2024
Total
funds
2024
Total
funds
2023
Trading expenses Acorn Village (Acorns) Limited
Trading expenses Acorn Village (Tradingl Limited
Acorn Village (Tradingl Limited - depreciation
1,025
28,510
86
1,025
28,510
3,915
23,971
105
29,621
29,621
27,931
Analysis of expenditure by actlvltles
Acorn
Vlllage
Communlty
2024
Totsl
funds
2024
Total
funds
2023
Acorn Village Community
4,542,393
4.542,393
4,441,916
Page 28

ACORN VILLAGES LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of expenditure by actlvlties (continued)
Analysis of costs
Acorn
Vlllage
Community
2024
Total
funds
2024
Tolai
lunds
2023
Stall costs
Depreciation
Food and household expenses
Agency stall costs
Stall training costs
Waste disposal
Project costs
Registration and subscription lees
Rent
3,749,212
113,530
102,011
10,172
12,366
31,085
57,866
22,358
4,515
30,486
3,749,212
113,530
102,011
10.172
12,366
31,085
57,866
22,358
4,515
30,486
3, 762, 110
116,984
100.364
47,066
13, 199
26,026
7,296
25,809
4,515
27,620
Rates and water
k Ill
Insurance
27,116
59,651
200,009
8,711
6,518
29,118
37,165
13,253
3,150
3,846
20,255
27,116
59,651
200.009
8.711
6,518
29.118
37.165
13,253
3,150
3,846
20,255
30,264
59, 154
87,772
5,643
5,945
33.981
41,951
22,105
3,725
2,462
18,527
Energy costs
Property maintenance
Hire ol equipment
Alarms and security
Office supplies
Travel and motor expenses
Professional lees
Bank charges
Cleaning supplies
Stall welfare supplies
4,542,393
4.542,393
4,441,916
10.
Audllors. remuneration
2024
2023
Fees payable to the Charity's auditor lor the audit ol the Charity's annual
accounts
11.700
11.700
Page 29

ACORN VILLAGES LIMITED
(A ¢ompany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs
Group
2024
Group
2023
Charity
2024
Charity
2023
Wages and salaries
Social security costs
Operating costs of defined contribution
pension schemes
3,484,494
267,008
3,483,84i
275,288
3,484,494
267.008
3,483,847
273,288
67,038
66, 162
67,038
66, 162
3,818,540
3,823,291
3,818,540
3.823,29i
The average number of persons employed by the Charity during the year was as follows-
Group
2024
No.
Group
2023
No.
Charlty
2024
No.
Charity
2023
No.
Adminislralion and Management Staff
Care Slafl
Training Staff
Maintenance Staff
Educational fherapeulic Services Stall
Collee Shop
20
137
19
144
20
137
Ig
176
182
176
182
The number of employees whose employee benefits lexcluding employer pension costs) exceeded
£60,000 was..
Group
2024
No.
Group
2023
No.
In the band £60,001 £70,000
The key management personnel ol the Charity are considered lo be the Chief Executive Officer, the
Operations Manager and the Sgnior Registered Manager. The lolal employee benefits, excluding pension
conlribulions, ol the key management personnel are £168,884 during the year ended 31 st March 2023
12023 '. £165,327>.
12.
Trustees, remun8ration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 30

ACORN VILLAGES LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
Tangible fixed assets
Group
Freehold
Soft
property furnlshlngs
Motor Fixtures and
vehicles
fittings
Total
Cost or valuatlon
Al 1 April 2023
Additions
4,931.785
52,297
109.365
6,995
114,330}
532.366
24.770
{20,459}
5,625,813
31.765
(34.7891
Disposals
At 31 March 2024
4.931,785
52,297
102.030
536,677
5,622,789
Depreciatlon
At 1 April 2023
Charge for the year
On disposals
1,824.642
81,218
82.345
7,116
18,315)
453,179
28.111
120,459)
2,360,166
116,445
{28,7741
At 31 March 2024
1,905,860
81,146
460,831
2.447,837
Net book value
Al 31 March 2024
3,025,925
52,297
20,884
75,846
3,174.952
At 31 March 2025
3, 107, 143
52,297
27,020
79, 18?
3,285,647
Charlty
Freehold
property
Plant and
machinery
Motor Fixture$ and
vehicles
fittings
Total
Cost or valuallon
Al 1 April 2023
Additions
Disposals
4,931.785
52,297
109,365
6,995
114,3301
530,663
24,770
120,459)
5,624,110
31,765
{34,789)
Al 31 March 2024
4,931.785
52,297
102.030
534,974
5,621,086
Page 31

ACORN VILLAGES LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tangiblo fixed assets (continued)
Charity (continued)
Freehold
property
Plant and
machlnery
Motor Fixtures and
vehlcles
fittings
Total
Depreclatlon
At 1 April 2023
Charge lor the year
On disposals
1,824,642
81,218
82,345
7,116
(8,3151
451,947
28,024
(20,4591
2,358,934
116,358
128.774)
Al 31 March 2024
1.905.860
81,146
459,512
2.446,518
Net book value
At 31 March 2024
3,025,925
52.297
20,884
75,462
3,174.568
At 31 Mar¢h 2023
3, 107, 143
52,297
27,020
78,716
3,265, 7 76
14.
Fixed asset inveslments
Listed
investments
Group
Cost or valuatlon
At 1 April 2023
Revaluations
861.477
28,552
At 31 March 2024
890.029
Net book value
Al 31 March 2024
890,029
At 31 March 2023
861.47/
Page 32

ACORN VILLAGES LIMITED
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Fixed asset Investments l¢ontlnued)
Listed
investments
Charlty
Cost or valuatlon
Al 1 April 2023
Revalualions
861,477
28.552
At 31 March 2024
890.029
Net book value
Al 31 March 2024
890,029
At 31 M8rch 2023
861,477
15. Stocks
Group
2024
Group
2023
Charity
2024
Charity
2023
Stock of materials and consumables
8,721
9,333
7,292
8,410
16. Dobtor$
Group
2024
Group
2023
Charity
2024
Charity
2023
Due wlthln one year
Trade debtors
Other debtors
Prepayments and accrued ineome
102,797
5,032
90,738
77, 130
6,066
65,771
102,797
106,526
90,738
77, 130
90,045
65,771
198,567
148,96i
300.061
232,946
Page 33

ACORN VILLAGES LIMITED
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Credltor$: Amounts falllng due wlthln one year
Group
2024
Group
2023
Charlty
2024
Charity
2023
Trade creditors
Other laxatlDn and social security
Other creditors
Accruals and deferred income
170.634
65,022
178,785
37,263
91,039
82,344
179, 722
35,534
170,292
65,022
178,785
37,263
89,550
82,344
179, 727
35,534
451.704
388,639
451,362
387,149
18,
Financial instruments
Group
2024
Group
2023
Charlty
2024
Charity
2023
Flnanclal assets
Financial assets measured al lair value
through income and expenditure
926.937
796,086
826,911
772,007
19. Statement of funds
Statement of funds- current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
inlout
Gainsl
{Los$es}
Income Expgnditure
Unrestricted
funds
General Funds
all funds
Trading
subsidiaries
2,925,498
113,842
1108.989)
101.525
28.552
3,060,428
131,145
129,620)
{101,525)
2,925,502
244,987
1138,609)
28.552
3,060,432
Reslricted
funds
Page 34

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of fund$ {eontlnued}
Statement of fund$ - ¢urrent year {continuedl
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
Inlout
Gain91
(Losses)
Income Expenditure
Acorn Village
Community
Capital Fund
Freehold
Property
Fixtures, Fittings
and Equipment
Sundry Tools
and Soft
Furnishings
Molor Vehicles
Wellbeing Pod
National
Heritage Lollery
FLJnd
Grants towards
property
refurbishment
Other reslricled
funds
132,777
998
4,229.457
(4,288,074)
74,160
998
1,549,249
(30,555)
1,518,694
6,741
11,877)
4,864
200
710
26,843
21x1
525
{185)
26,843
41.628
40,000
(39,059)
42,569
90,000
190,0001
8,223
72.511
162,5171
18.217
1.767,369
4,431,968 {4,512,2671
1,687,070
Total ol funds
4,692,871
4,676.955
14,650,876)
28.552
4,747.502
Page 35

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of funds {continued)
The Acorn Village Community Fund is lo support all charity residents, providing care and support.
Fixed asset restric18d funds are where items or funds lo acquire assets have been given lo the charity for
a specifi¢ purpose lo support the work and activities ol the charity.
The Wellbeing Pod Fund is lo improve the wellbeing services lor our slafling teams particularly having
been through Covid.
The Heritage National Lollery Fund is for a project lo showcase the heritage of the sile exploring the the
history into the present. The money will create an accessible garden area that can be used lor
workshops. 11 will create a walk around the sile exploring the history and it has created a apple press
facility so as we can press existing fruit from established trees bul also support new tress that have been
planted. 11 will also create strong links with different community groups who have and will be involved in
the project going lonNard.
A small nurnber ol grants including Bally Thomas, Will charitable Trust and The Clotworkers Trust were
received lo help renovate a number ol the residential properties.
Other reslriclod funds are lo support specific projects that are all consislenl with the charities aims and
ethos.
Statement of funds . prior year
As Hestateo
Balance al
l April 2022
BalanGe al
37 March
2023
Transfers
in/oul
Gain
(Losses)
Income Expenditur6
Unrestrlcted
fund$
General Funds -
all funds
3.293,611
177,936
(170,283J
{339,623)
(36, 143J 2,925,498
Trading
subsidiaries
3,293,815
177,936
f7 70,283)
(339,623)
(36, 143)
2,925,50
Restrlcled
funds
Acorn Village
Community
Capital Fund
Freehold
Property
4, 154,351
{4,320,479J
298.845
132, 777
998
998
7,539,026
130,555)
40, 778
1.549,249
Page 36

ACORN VILLAGES LIMITED
(A ¢ompany limited by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. statement of funds {continued)
Statement of funds- prior year Icontinuedl
As Fleslateo
Balance al
l April 2022
B818nce al
31 March
2023
Transfers
in/oul
Gains/
(Losses)
Income Expenditure
Fixtures, Fillings
and EqLJipmenl
Sundry Tools
and Soli
Furnishings
Motor Vehicles
Wellbeing Pod
National
Heritage Lottery
Fund
Other reslricled
grants
6,476
3,358
(3,093)
6,741
200
200
770
26,843
956
(246)
26,843
50,000
[8,372J
41,628
6,229
7,045
f5,051J
8.223
1,580, 728
4,214, 754 14,357, 736)
339,623
1,767,359
Total of funds
4,874,343
4.392,690
{4,538,019)
(36, 143) 4,692,871
20. Summary of funds
Summary of funds- current year
Balance at
31 March
2024
Balance at 1
Aprll 2023
Transfers
Inlout
Galnsl
{Los$e$l
Income Expendlture
General ILJnds
Restricted funds
2.925,502
1,767,369
244,987
1138,6091
4.431.968 {4,512,2671
28,552
3,060,432
1,687,070
4.692,871
4,676,955
14,650,876)
28.552
4,747.502
Page 37

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Summary of funds Icontlnuedl
Summary of funds- prlor year
Balan￿ as
re-stated al
l April 2022
Balance al
37 March
2023
Transfers
in/oul
Gain&
(Lossesj
Income Expenditure
General funds
Reslricled funds
3,293.675
1,580. 728
177.936
4,214,754
(170,283)
f4,367, 736)
(339,623)
339,623
(36. 143)
2,925,502
7,767,369
4,874,343
4,392,690 [4,538,019)
(36, 143) 4,692,871
21.
Analysis of net assets between funds
Analysis of nel assets between funds - currenl period
Restrlcted Unrestrleled
funds
fund$
2024
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors du8 within one year
1,524,283
1,650,669
890,029
971,438
1451,7041
3.174.952
890,029
1,134,225
1451,704)
162,787
Tot81
1,687,070
3,060,432
4,747,502
Page 38

ACORN VILLAGES LIMITED
(A company limited by guarante•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
Group
2023
Nel incomelexpendilure for the period las per Statement ol Financial
Activiliesl
54.631
(181,472)
Adlustments for:
Deprecialion charges
Gainslllossesl on investments
Dividends, interests and rents from investments
Lossllprolitl on the sale of fixed assets
Decrease in stocks
Decreasellincreasel in debtors
Increase in creditors
116,445
{28,5521
{37,2561
12,8271
612
{49.6001
63.065
7 16,896
36, 143
(30,645)
591
232
46,560
46,322
Net cash provlded by operating activities
116,518
34,221
23. Analysis of cash and ¢ash equlvalents
Group
2024
Group
2023
Cash in hand
Deposit accounts
Bank current accounts
11.907
403,768
511,262
3.854
584,264
207,968
Total cagh and cash equivalents
926,937
796,086
24. Analysis of ¢hange$ In net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
796,086
130,851
926,937
796,086
130,851
926.937
Page 39

ACORN VILLAGES LIMITED
(A company limited by guarantge)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. Analysis of changes in net debt (continued)
25.
Pension commltmenls
The group operates a defined contribution pension schemo. The assets of the scheme are held separately
from those ol the group in an independently administered fund. The pension cost charge represents
contributions payable by the group lo the fund and amounted lo £nil12023 - £nill were payable lo the fund
al the balance sheet dale.
26. Operating lease commitmen1$
Ai 31 March 2024 the Group and the Charity had commitments to make lulure minimum18ase payments
under non-cancellable operating leases as follows..
Group
2024
Group
2023
Charity
2023
Not later than 1 year
Later than 1 year and not later than 5 years
1.529
4,204
1.52g
5. 733
5,733
7.262
27. Members. Ilablllty
Each member ol the charitable company undertakes to contribute to the assets ol the company in the
event of il being wound up while helshe is a member, or within one year aller helshe ceases lo be a
member, such amount as may be required, not exceeding £10 lor the debts and liabilities contracted
before he/sh& ceases lo be a member.
Ouring the year ended 31 March 2012 the Memorandum and Articles ol Association of the Company wero
amended, the principal change being that membership ol the Company is now limited lo those who are
Directors.
28.
Related party tran9actlons
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balances owing between related parties and the Charity al 31 March 2024.
29. Prln¢ipal subsldlaries
The following were subsidiary undertakings ol the Charity=
Page 40

ACORN VILLAGES LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
29. Prlnclpal subsidiaries {continued}
Names
Company
number
Registered off ice or principal Principal activity
place of business
Acorn Village ITradingl Limited 02978015
Acorn Village, Mistley Hall.
Clacton Road, Misiley,
Manninglree. C011 2NJ
Acorn Village, Mislley Hall.
Clacton Road, Misiley.
Manninglree. C011 2NJ
The trading subsidiary
operates the Coffee
Shop al Acorn Village
The trading subsidiary
opeales the charity
shops in Manninglree
and al Acorn Village
Acorn Villag8 (Acorns) Limited 06242791
The financial results ol the subsidiaries lor the year were-
Names
Income
Expenditure
Profltl(Loss)
I Surplusl
(Deflcltl lor
the year
Acorn Village ITradingl Limited
Acorn Village IA¢orn81 Limited
57,245
73,900
1,025
28,595
56,220
45,305
The shares in both trading subsidiaries are held by the Chaiman and the Chief Executive on behalf ol
Acorn Villages Limited. The whole of the profil of both trading subsidiaries is donated to Acorn Villages
Limiled by way ol a gift aid dislribulion.
Page 41