Register&d number= 1048360 Charity number= 263954 ACORN VILLAGES LIMITED (A company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 r.7 k..IlJ4e
ACORN VILLAGES LIMITED IA company limited by guarantee) CONTENTS Page Reference and adminlstratlvè d•tall$ of lh• Charlty, Its Trustees and advisers Trustees. r•port Independent audltor's report on the flnancial statements Consolidated statement of financial activities 2-13 14-17 18 Consolidated balance sheet 19 Charity balance shagt 20 Consolldated statement of cash flows 21 Not8s to thè flnan¢ial $tatements 22-41
ACORN VILLAGES LIMITED {A ¢ompany IiTnited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Mr J Whittakèr, Chair Mr C Daines Mrs 8 Eyers, Vice Chair Mr J Gray Rev D Lang Mr J M¢Elhinney (appointed 6 September 20241 Mrs J Owens Mrs E Shields Mr B TaOr Mr D Willis Company registered number 1048360 Charity registered number 263954 R&glstèr8d office Acorn Villages Limited Mistley Hall Cla¢lc>n Road Mislley Manninglree Essex C0112NJ Company secretsry Carfy Cridland Chief executlve offl¢er Michelle Cook Independent auditor Griffin Chapman 4 & 5 The Cedars Apex 12 Old Ipswi¢h R08d Colchesler Essex C07 7QR Bankors Lloyds Bank 27 High Street Col¢h&st&r C01 1DU Solicitors Ellisons Sledm8n Ch8mbers 43 Head Street Colchester Essex C01 1NH Page 1
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Report of the trustees for the year ending 31 March 2025. The trustees are pleased to present their annual directors, report together with the consolidated financral statements of the charity and It5 subsidiaries, for the year ending 31 March 2025 which are a150 prepared to meet the requirement5 for a directors, report and account5 for Companies Act purposes. The financial statements comply with the Charities Art 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the charitie5 Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland,. FRS 1021 issued in October 2019. Chairfs report Having achieved a small Surplus in 202312024, we moved into the new year feeling very positive despite having a third consecutive increase in National Minimum Wage, larger than anticipated. We were looking to be more pro-artive even with a planned budget deficit with everyone working towards minimi5ing thi5 deficit. Having closed Trinity House in Manningtree High Street, we reviewed the possibilities for this building now only housing our town centre Charity Shop. Sadly, all the plans when costed proved to be too expensive for us to undertake and it was agreed that we should sell the property in its entirety. Another house, 138 Long Road also became empty and despite massive efforts by our care staff, variou5 reasons limited our placing for two new residents and as it made the property unviable, it was also agreed to sell this property. Both of these properties are currently under offer. A review of Mistley Hall was completed and clearly this listed building requires updating to bring it back into use, other than as a very expensive administration block. It Is apparent that it cannot corlle into use as any form of residential accommodation but we may be able to Use it to crÈatÈ space for our Day SeNices which, pleasingly, is operating as we had hoped. The initial step is to create disabled access, a development that has been considered and explored for many years. We then had an issue with the heating system requiring approximately £60,000+ for a replacement boiler. Whilst undertaking this work, we needed scaffolding erecting and took advantage of this to inspect the roof and the report shows some very expensive repairs and renewals are necessary. Clearly any monies generated by the two property sales are already in demand. We continue to be grateful and appreciative of 311 of our staffing teams, a11 working hard to achieve our goals. The terrn5 and conditions of our staffing team5 remain a priority as well as creating an environment where their wellbeing is paramount. The Trustees are settled and the sub-committee structure enables everyone to be better informed. We appointed a new trLJStee this year whose skill set and knowledge is in accounting and auditing, and he has brought his experience in to greater improve our financial planning. Page 2
ACORN VILLAGES LIMITED IA company limited by guaranteel TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 The opening of the Walled Garden Café for a seven-day week has seen some improved visitors, numbers and sales, we remain vigilant to monitoring it5 progress 8nd identify that whi15t the offering for customers has been hugely successful, we mLJSt aim to balance this alongside the financial impact of running this Service. The Charity Shops closed after Christmas, whilst internal works were carried out. We have taken on some paid staff and re-opened both the High Street and on-site shops. We are affected by the nationwide difficulties in recruiting customer facing volLJnteers. However, we continue to welcome those who wish to give their valuable time to support us with these ventures. Whilst direct retail is proving difficult, we had seen a growth in on-line 5ale5 and are working hard to expand this operation. Like all other care homes, however we move in to 202512026 with the latest government increases- both in National MinimLJm Wage and National Insurance contributions. The stark figures are we will need approximately £350,0(JO additional income to meet these new costs without any increzsed spending in any other area5. We will work hard to mitigate thi5 where possible but there is no doubt that without real recognition of social care and its complexitie5 from central government, we will be entering another challenging year related to funding. However, it is pleasing to report a small surplus again at the end of this 202412025 year, a reflection of the hard work of senior management teams and our wider care and non-care staff. The Acorn mission of Life is for Living continue5 to thrive despite the challenges faced and that is thanks to the hard work, commitment and SLJPPOrt from our staffing teams, volunteers, families and dedicated sUPPOrters. John Whittaker Chair Page 3
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Our purposes and activities Our charitws purpose as set out in the objects contained in the company'5 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 beneficiafies physical or mental health Meeting beneficiaries religious or spiritual need5 Advancin8 the education of beneficiaries. To accomplish these aims we.. - Provide care in permanent homes Wlthin a village community for adu1t5 Wlth learning disabilities and assOCl3ted problems where they can be supported. Support beneficiarie5 to enjoy the benefits of a family life Support beneficiarie5 to develop and achieve their full potential Provide these benefits to adult5 Wlth learning disabilities and associated problems living in the wider community. The vision that shapes our activities remains the promotion of good care and the maximi5ation 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 d3y care opportunities for those in need of them. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the gLJidance 'public benefit.. running a charity IP821' The Village relies on donations both cash and saleable items to help cover any deficit in operating costs 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 SUPPDrt our charity and cafe. The strategie5 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, social opportunities via day services such as outings and trips and a monthly resident5 and tenants meeting with the CEO. The meetings have developed intD several social occasions including group meals and Halloween celebrations, camping activities and a Summer fun day. Learning new Life skills,. The Strover Centre 15 proving very popular especially for baking and learning to make individual or group mea15. A breakfast club is well attended. Page 4
ACORN VILLAGES LIMITED IA Company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Crafting in numerous forms,. These include painting, weaving, model making, furniture upcycling. Gardening and Horticulture,. With our own polytLJnnels and allotment5 this is a popular artivity with residents as is the maintenance of the garden area outside the houses. Produce 15 Used within the houses and Thè Walled Garden café and s part of the cooking sessions. It is also sold to the general public onsite. Education,. Supported attendance at college, workshops within our Day services centre providing skills and knowledge Artive Leisure/Relaxation As well as a visiting fitness instructor, sailing classes facilitated by volunteers of the Wolverstone Trust are popular. A regular reflexology 51ot is well received. Pilates classe5 have been well attended and enjoyed. Wheels for All sessions provide regular cycling sessions bringing chances for exercise and meeting up with other people. Entertainment.. Music in all forms is popular and playing instruments and performing 15 encouraged. DiscDS and parties are always well attended. Harwich Sing and Musement continue to provide regular sessions that are well attended. Acorns Got Talent made a welcome return in October and this showcased the many talented people living and working with us. Use of facilities within by the local community,. Popularity of the Walled Garden cafe continues to increase with pleasing social media interaction and new visitors as well as regular returners. It has a150 provided work experience opportunitie5 for service users. Together with the onsite charity shop, it attracts people from the local community to V151t the site and encourage more social interaction. We were very pleased to introduce weekend opening which increases the opportunitie5 for visitors as well as for those living with us meeting up with family and friends. Our volunteers The Trust is part of the local community. with 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 its numerou5 activities. Fundraising in its many form5 is an important part of our income. The selling of donated goods raised £80,712 sales in the year ending March 2025 and this would not be possible without the a5SlStance of our volunteers and our profound thanks go to all of them. We have strengthened our volunteer support SVStems with regular social meeting5 as well as an updated induction and training schedule. The Trustees/Directors are also volunteers and do not receive 3 salary, all volunteering their time, and although expenses would be available if needed, no expenses have been claimed again this year. Page S
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Achievements and performance The continued development of our wellbeing services ha5 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 more mental health first aiders being trained a5 we15 as strengthening mandatory training se5510n5 related to mental health and suicide prevention. WÈ have celebrated a number of national initiatives including Endometriosis day with our own inhouse champion for this subject. Our annual homemade soup day was yet again a popular and healthy initiate bringing the teams together through photos of each creation as well as a nutritious lunch for everyone. Our wellbeing pod and counselling service remains well received, an opportunity for staff to seek advice about a range of concerns whether related to work or otherwise. Our in-house counsellor 15 available to see people who require a range of support. We value this Service immensely and the introduction of our 3-year wellbeing strategy has strengthened the direction for the team and offer for staff and volunteers. Grant funding ha5 SUPPOrted the Reiki, Pilates and Meditation and ha5 been well received. The Lottery Heritage project continued with apple pressing days and people undertaking the heritage walk. The kitchen garden provided a peaceful and cool place to work and relax. We successfully implemented a fully digital care panning system within OLJr care services leading to greater efficiency and accuracy. We continue to be immensely proud of our staffing teams for their hard work, commitment and kindness. Long service awards are just one indicator of the dedication of our teams. Retention of our teams remains our priority. Grant funding has enabled a large amount of improvement work acros5 our residential and supported living properties as well as the ongoing and very necessary budget to upgrade and maintain an ever-aging property portfolio. Mistley Hall boiler was replaced and our thanks go to the teams that were patient during the colder month5 whi15t this was arranged. A review of our property portfolio was undertaken and the difficult decision to sell Trinity House and later another property were made. This was after many discussions as to how they could be better utilised but without success. Page 6
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Financial review The large increase in minimum wage was a challenge on the service when the annual OA increase from local authorities did not always 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 void5 in our seNice continue5 to be of utmost importance and 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 negotiation5 Wlth some of the local authorities. A greater emphasi5 on applying for grants has meant that outstanding projects can be achieved to improve or maintain our groLJnds and facilities and enhance the lives of adults with learning disabilities by improving our day services equipment and wellbeing optlOn5. The continued review of our trading subsidiaries aims to maximise funds to benefit the charity. The expanded online sales opportunities has been positive and we predict growth within this department. We are now equipped to apply Gift Aid to our items donations where we can. A greater emphasis on digital marketing will help to promote to service5 we have that can generate income. We hope to have 3 successful 58le of sadly surplus to requirement'5 properties and aim to use these fynds to further develop the existing services where required. Investment powers and policv Investment Pollcy The continLJing financial constraints on local authority funding and the general difficulty in fund raising dictates that there is an increased need to maximi5e income from all sources including the reserves. Thè org3nisation .5 reserve policy is to ensure there is a minimum of threè month'5 community running costs in a cash reserve. This is in the region of £1,141.110 and was historically held in banked fund5. The trLJStees remain cognisant of the risk to capital but are prepared to take a low to medium risk stance to achieve their aims. The portfolio rema1ns In funds specifically set up for charity investments and is diversified over a number of funds, managers and assèt classes. Page 7
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 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 3 cash reserve. This is to cover the eventuality of short-term funding interruptions to cash flow or long-term funding loss 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 year 2024125 were £380,370 indicating that reserve5 should be in the order of £1,141,110 As of 31 March 2025, liquid reserves stood at £1,591,569 including £890,408 of readily available investments. Whilst the trustees have no immediate concern with regard to solvency, there is a continuing need reduce the reliance on donation5 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 year 25126 include Introduction of a new website The publishing of our new strategic document and first impact report. A 3-year strategy for day services A review of payroll and HR service systems A review of use and efficiency of Mistley Hall including addressing any works to be carried out. Introduction of the new waste recycling for business laws. The celebration of our 50, anniversary Reference and administrative details Charity number.. 263954 Company number.. 1048360 Registered Office.- Mi5tley Hall, Clacton Road, Mistley, Manningtree. Essex, COII 2NJ Our advlsers Bankers.. Lloyds Bank plc, 27 High Street Colchester Essex COI IDU Solicitors.. Ellison5. Stedman Chamber5, 43 Head Street, Colchester, 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 Dire¢tors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows= The Trustees of the Charity, who Bre the Directors for the purposes of company law. and who served throughout the year and up to the date of this report were.. Page 8
ACORN VILLAGES LIMITED IA company limited by guarantee) TRU5TEES' REPORT FOR THE YEAR ENDING 31 MARCH 2025 Mr J Whittaker- Chair Mrs B Evers- Vice Chair Mrl Gray Mrs J Owens Rev D Lang Mr C Daines Mr Dwillis Mr B Taylor Mrs E Shields Mr J McElhinney106.09.241 Key management personnel: M Cook - Chief Executive C Cridland - Company Secretary G Balls- Operations Manager T Cox- Senior Registered Manager with special responsibility for care service S Gunn- Head of Finance M Sear- Head of Human Resources A Stutter- Head of Facilities K Buxton- Head of Communications & Income Generation 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 ènd to simplify the management of the Charity. The objects and eth05 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 trustees Trustees of the Charity are company directors 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 need5 of this group are appropriately reflected in the diversity of the Management Board composition. To date the Management Board has been succe55ful in recruiting new members through their own networking and local knowledge. The ongoing bu5ine55 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 8void particular skills being lost due to retirement, individuals are approached to offer themselves for election or re-election to the Management 803rd. Page 9
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Trustee induction and training New Trustees are made aware of their legal obligations under charity and company law, the Charity Comrni5sion 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. its current business plan and financial position plu5 a tour of the operational activities. These are jointly led by the Chair and Chief Executive of the Charity. Organisation The Board of Trustees meets at least quarterly and deals with the overall strategic direction and policy of the Charity. The Board has appropriate sub-committees with defined terms of reference and including member5 of the management teams to further understand and develcip 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 Rerlluneration Health & Safety, Procurement and Premises Personnel Communication and Income Generation • Care. Safeguarding and Care Quality Commission Compliance The everyday managernent of the village is delegated to the Chief Executive alongside the manager5 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. ALJthorisation for non-budgeted capital spending remains with the Board. The responsibility for ensuring that staff receive appropriate training in line with Care Quality Cornmission requirement5 and standards, including Health and Safety at work. lies with the Operations Manager and the Senior Registered Manager. Key Management Personnel The Charity considers its key management perstsnnel to be the Chief Executive Officer, the Operations Manager, The Senior Registered Manager, Head of Finance, Head of Human Resources, Head of Facilities and Head of Communication5 & Income Generation. 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 contacts are rsot allowed to be erriployed directly by the company and any financial interest which may potentl8lly impact any decision must be declared. Page 10
ACORN VILLAGES LIMITED IA ¢ompany limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDING 31 MARCH 2025 Pay policy for senior 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 trustee5 to be the CEO'S direct reports, are negotiated with the CEO on an individual basis and agreed with the trustees. Risk management The Management Board constantly reviews any major risks to which the Charity may be exposed, taking measures to alleviate such ri5k5 where appropriate. A Risk Register has been developed which is reviewed at the quarterly board meetings and updated and amended as deemed necessary. Policies and controls are updated and amended as regulations require or improvements are deemed beneficial. A reseeS policy 15 in place to cover any major detrimental financial event. The minimum level of the reseNes is set at three times the average monthly running cost of the service. Wage inflation is the perhaps the least controllable risk. An increè5e in the minimum wage 15 no more than the staff affected deserve and whilst such increases are not aimed at staff in highèr wage brackets, they do have an irnpact on those staff eMberS wages in order to maintain a pay differential. That means that tight budgetary settlements implemented by local authorities do not always 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 bLrt to the sector in general. All care facilities are registered with the Care Quality Commission. Procedures are in place and regularly reviewed to ensure compliance with legislation. The Quality Assurance system is monitored and updated to ensure it meets people's needs. Results of Care Quality Commission and local authority inspections indicate that the Quality Assurance system is working but we are mindful of the need to be vigilant to ensure standards arè maintained. Our approach to fundraising activities As a charity we comply with and support the expectation5 of the charity COrnm15510n, the regulator of charities in England and Wales, and operate in a way which protects the charity's reputation and encourages public trLJSt and confidence in the charity. This include5 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 good5 for sale in our charitv shops and online activities. We also appreciate the support of the public at fund raising event5, 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 achievement5. We continue to priorit15e grant applications, corporate support and growing our trading subsidiaries to raise income for the charity. Page 11
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of the Acorn Villages Limited for the purposes of company lawl re responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the charity tru5tee5 to prepare financial statements for each year which give a true and fair view of the state of affairs of thè 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. In preparing the financial statements, the trustee5 are required to: select suitable accounting policies and then apply them consistently.. obseNe the methods and principles in the Charities SORP.. make judgements and e5tirnates that are reasonable and prudent,. State whether 3ppli¢able UK accounting standards have been followed, SLJbject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charity will continue in busine5S. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at anv time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for 58feguarding 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 maintenance 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 jurisdirtions. Statement as to disclosure to our audltors In so far as the trustees are aware at the time of approving Dur tru5tees' 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 Ljnaware, 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 helshe 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. Page 12
ACORN VILLAGES LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDING 31 MARCH 2025 Approved by order of the members of the board of trustees on behalf by,. and signed for on their I Whittaker (Chairl Page 13
ACORN VILLAGES LIMITED IA company limited by guaranto0} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED Opinion We have audited the financial slalemenls of Acorn Villages Limited (the 'parent ¢haritable companll 8nd its subsidiaries (the 'group'l tor the year ended 31 March 2025 which comprise the Consolidated slalemenl of financial activities, the Consolidated balance sheet, the Charity balance sheet, the Gonsolidaled slalement of ¢ash flows and the related notes, including a summary of 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 Fin8n¢ial Reporting Standard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the Group's and of the p8rent charitable ¢ompanls affairs 8$ al 31 March 2025 and of the Group's incoming resources and application of resources, including its in¢ome and expenditure for the year then ended., have been property prepared in accordance with Un(ted Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under Ih05e standards are further des¢Tibed in the Audito¢s spOnSIbl1111eS for the audit of the financial slalemenls section of our report. We are independent tsf the Group in a¢¢ordan¢e with the ethi¢al requirements that a relevant lo our audit of the financial statements 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 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing thè financial staternents, we have concluded that the Trustees. use of the going conr basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubl on the Group's or the parent charitable ¢ompanls ability to conlinLJe as a going concern for a period of al least e1ve months from when the financial slalernenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with Sp¢t lo going concern are described in the relevant sections ol this report. Page 14
ACORN VILLAGES LIMITED IA ¢ompany limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED ICONTINUED) Other information The other infomiation comprises the information included in the Annual report other than the financial stalemenls and our Auditor's report thereon. The Trusteès are rttsponsible for the other information contained within thè Annual report. Our opinion on the financial slal8ments does not cover the other information and, excepl to the extent otherwise explicitly stated in our Teport, we do not express any form of assurance conclusion thereon. Our sponsibilily is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the ¢ourse of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatéments, we are required to dtslermine whether this gives rise lo a material misstatement in the financial statem8nls thernselves. If, based on the work we have performed, we conclude that there is a material misstatem&nt of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinlon on oth¢r matters prescribed by the Companie$ Act 2006 In our opinion, basgd on the work undertaken iri the course of Ihe audit." the information given in the Trustees. report including Ihe Strategic report for the financial year for which the financial statements are prepared is consislenl with the finan¢ial statements. the Truslges. report and the Strategic repDrt havo been prepared in accordance with applicable legal requirements. Matters on which we are required to report by ex¢•ption In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of Ihe audit, we havo not identified materia1 misststemenls in the Trustees, report inclkjding the Strategic report. We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report lo you if, in our opinion.. the parent charitable company has not kept adequate and suffici&nt accounting records, or returns adequate for our audit have not been received from branches not visited by us., or the parent chari18ble company financial ststements are not in agreement with the accounting records and returns., or certain di5¢1osures of Trustees, remuneration specifigd by law are not made., or we have not received all the information and explanations we require for our audit. Page 15
ACORN VILLAGES LIMITED IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED ICONTINUEDI Responsibilitios of trustaès As explained more fully in the Trustees, responsibilities siatement, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statemonts and for being satisfied that they give a Iruts and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial ststem8nls that are free from material misslalemenl, whether due to fraud or error. In preparing the financial slalemenls. the Trustees are responsible for assessing the Group's and the parent charitable companls ability lo continue as a going concern. disclosing, as applicable. matters related to going concern and u51ng the going concem basis of accounting unless the Trustees either intend lo liquidate the GroLJP or the parent charitable company or to 8$e operations, or have no realisti¢ altemative bul lo do so. Auditor's responsibilitiès for th¥ audit of the financial statement$ Our objectives a to obtain rèasonable assurance about whethgr the financial statements as a whole are free from material misslalem&nl, whether due to fraud or error. and to issue an Auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantea that an audit conducted in a¢¢ordance with ISAS IUKI will always detect a material misslalement when it exists. Misststements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected lo influence the economic decision5 of users taken on the basis of these financial stalements. Irregularities, inclLJding fraud, are instsnces of non-complian¢g with laws and regulations. We design procedures in line with our responsibilities, outlined above. to dettrct material misstatements in respect of irregularities. in¢luding fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detsiled below.. The engagement partner ensured the engagement team had the necessary skills and knowledge lo identify non- complian¢e with applicable laws and regulations. We obtained an understanding of the legal and regulatory frameworks that are applicable lo the company and for those that are most significant, 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 manufactLJring and retail entity. Correspondence was reviewed from third parties, where relevant. Enquiry and review of the companls transactions was undertaken lo highlight any instances of penalts'es, fines or legal activity which could suggest non-compliance with laws and regulations. There was no contradictory evidence found. We also considered those laws and regulations Ihal have a diiecl impact on the preparation of the financial statements such as the Cornpanies Act 2006. We evaluated management's InntiVeS and opportunities for fraudulent manipulation of the financial statements (including the risk of override of ¢ontrolsl and determined that the principal risks were related to posting Journal entries to increase prtsfils or reclassify costs and management bias in accounting estimates, especially stock provision. In response, we incorporated testing of manual journal entries and scrutiny tsf unusual transactions inlc) our audit approach. Analsrtical pro¢edures were used lo help identify risk faGtors In exceptional incorne received during the year. Thè incentive by management to portray positive company results was taken into consideration when undertaking audit testing in the higher risk areas of income and stock, with challenges made in relation lo rnanagemenl assumptions and calcuialions used. There are inherent limitations in the audit procedures described above and the further removèd non-compliance with laws and regulations is from the events and transactions reflected In the financial stalemenls, the less likely we would become aware of it. Also, the risk of not deteGting a material misstatèment due lo fraud is highèr than Page 16
ACORN VILLAGES LIMITED IA company limited by guarantaol INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ACORN VILLAGES LIMITED (CONTINUED the risk ol ntsl detecting one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional rnisrepresentations, or through collusion. It is also stated, as a reminder, that th& primary responsibility for the prevention and detection of fraud rests with both management and those charged with goveman¢o of the company. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .ukKauditorsres onsibilities. This description for5 part of our Auditor's report. Use of our report This report is made solely to the charitable cOmpanS members, as a body, in accordancè with Chapter 3 of Part 16 of the Cornpanies A¢t 2006. Our audit work has been undertaken so that we might slate lo th& charitable company's mernbers those mallers we are required to slate lo them in an Auditor's report and for no other purpose. To Ihe fullest exlenl permitted by law. we do not accept or assurne responsibility to anyone other than the charitablg company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Daniel Aldworth (Senlor statutory auditor) for and on behalf ol Griffin Chapman Chartered Accountants and Stalulory Auditors 4 & 5 The Cedars Apex 12 Old Ipswich Road Colchesler Essex C07 7QR Dale.. I SykYa L25 Page17
ACORN VILLAGES LIMITED IA company Ilmltèd by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Tolal fvnds 2024 Noto In¢ome from.. Donations and legacies Charitable aclivilies.. 111,481 154,572 266,053 278,594 Acorn Village Community Government Grants 4,192,894 4,192,894 4, t 79,957 49,5QO 731, 648 37,256 Other trading activities Inve51menl Income 195,391 48,936 195.391 48.936 Total income 4,304.375 398,899 4,703,274 4,676,955 Expenditure on: Raisin9 funds Charitable activities 137,317 137,317 4.564,445 108,483 4,542.393 4.564,445 Total expendlture 4,564,445 137,317 4.701,762 4,650,876 Net lexpenditurèllln¢om¢ b¢foro net gains on investments Nel gains on investments (260,070 261,582 379 1.512 379 26,079 28,552 Net lexptndlturgllincomg Transfers between funds 1260,070 78,261 261,961 78.2611 1,891 54,631 19 Net movemont in funds 1181,809} 183,700 1,891 54,631 Re¢onclllatlon of funds: Totsl funds brought fonfifard Nel movement in funds 1,687,070 1181.8091 3,060,432 183,700 4,747,502 1,891 4,692,871 54,631 Totsl funds carrièd foFward 1,505.261 3.244,132 4,749,393 4, 747.502 The Consolidated slalemenl of financial activities includes all gains and losses recognised in the year. The notes on pages 22 10 41 form part of these financial statements. Page 18
ACORN VILLAGES LIMITED IA company limited by guarant&èl REGISTERED NUMBER: 1048360 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nota Fixad assets Tangible assets Investments 13 3,157.824 890,408 3, 114,952 890,029 14 4,048,232 4,064,981 Currant assèts Stocks Debtors 15 8,089 240,446 809,754 8, 727 198,567 926.937 16 Cash al bank and in hand 1,058,289 1, 134,225 Current Ilabllltles Creditors.. amounts falllng duo within one year 17 (357,1281 {451, 704) Net ¢urrent a$s8ts 701,161 682,521 Total assets less current liabilities 4,749,393 4, 747,502 Net a$$¢ts èxcluding pension asset 4,749,393 4, 14T,502 Total net assets 4,749,393 4, 747,502 Charity funds Rèstricted funds 19 1,505,261 3,244,132 1,687,070 3,060,432 Unreslri¢t&d funds 19 Total funds 4,749,393 4, 747.502 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation ol financial statements. The financial slalemenls were approved and authorised for issue by the Trustees on and sign&d on their behalf by.. 2015 MrJ Chair ker The notes on page5 22 10 41 form part of theso financial stalemenls. Page 19
ACORN VILLAGES LIMITED IA company limited by guarantee) REGISTERED NUMBER.. 1048360 CHARITY BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nota Fixed ass¢t$ Tangible assets Investments 3,153,449 890,408 3, 174,568 890,029 14 4,043,857 4,064,597 Current assets Stocks Debtors 6,248 381,482 669,690 7.292 300,061 826,911 16 Cash at bank and in hand 1,057,420 1, 134,264 Current liabilities Creditors.. amounts falling due within one year 17 1351,887} (451,362) Net current assets 705.533 682,902 Total assets less current liabilities 4,749.390 4,747,499 Not a$$¢ls •x¢ludlng p8n$lon assèt 4,749,390 4, 747,499 Total net assets 4,749,390 4. T47,499 Charity funds Restricted funds 1,505,261 3,244,129 1,687,070 3,060,429 Unrestri¢ted funds Total funds 4,749,390 4,747,499 The charitS net movement in funds for the year was £1,891 (2024- £54,632). The Trustees 8¢knowledge their responsibilities for complying with thè requirèments of the A¢t with respect lo accounting records and preparation of financial slalements. The an st tements were approved and authorised for issue by the Trustees on I 2nis and signed on their behalf by.. MrJ Chair hittakor The notes on pages 22 to 41 fomi part ol these financial statements. Page 20
ACORN VILLAGES LIMITED IA company Ilmitèd by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activitie5 Net cash used in operating activities 144,7171 116,518 Cash flows from investing actlvltles Oividends. interests and rents from investmenls Proceeds from tho sale of tangible fixed assets PLJrchase of tangible fixed assets 48.936 37,256 8,842 (31, 765J 1121,4021 Net cash lu$8d 5nllprovided by Inve$tlng activities {72.4661 14,333 Cash flows from financing activities Net cash provided by financlng adlvltles Change in cash and cash equivalents In the year Cash and cash equival&nls at the beginning of the ygar 1117,1831 926,937 130,851 796,086 Cash and Cash equlvalents at the end of thè year 809,754 926,937 The notes on pages 22 to 41 form part of these financial slalernents Page 21
ACORN VILLAGES LIMITED IA company limitèd by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infomation Acorn Villages Limited is a charity registered with the Charlty Commission wilh the Charity Number 263954. The Charity is incorporated as a company limited by guaranteè at Companies House wth the Company Number 1048360 and domiciled in the United Kingdom. A¢¢ounting poli¢ies 2.1 Basis of preparation of financial Statements The financial statements have been prepared in accordancè with the Ch8rilies SORP IFRS 1021 Accounting and Reporting by Charities.. Statement ol Re¢ornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic Df Ireland IFRS 1021 and the Companies Act 2006. Acorn Villages Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities ar& initially re¢ognised at hislori¢al Cost or transaction value unless otherwise staled in the relevant accounting policy. The CDnsolidaled slalement of financial activities ISOFAI and Consolidated balance sheet ¢onsolidate the financial statements of the Charity and ils subsidiary undertakings. The results of the subsidiaries are consolidated on 8 lin& by line basis. The Charity has taken advantage of the exemption allowed under section 408 of thè Companies Act 2006 and has not presenled ils own Statement of finanryal a¢tivities in these financial stslemenls. 2.2 Going concern The directors 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 doubl on the ability of the company lo Continue as a going ¢oncem. The director5 make this assesment in respect of a penod at least one year from the dale of aulhorisation of these financial statements and have concluded that the company has adequate resources to continue in operational existence for the forseeable fulLJre and there are no material UnrtaIntieS aboLJt the Companls ability lo continue as a going ¢on¢ern. IhLJS they ¢onlinue to adopt the going concern basis ol accounting in preparing the financial slatemenls. Page 22
ACORN VILLAGES LIMITED IA ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 2.3 In¢om8 All income is recognised once the Charity has enlillemgnt to the income, It is probable that the income will be received and the amount of income receivabltr Can be measured reliably. Income from residential and supported living fees represents amounts invoiced during the year. Accounting adjuslmenls are made in respect of accrued or deferred income so that the amounts included on the Statemènt of Financial Aclivities r&present fees ieceivable In relatic>n to rèsidenutenanl occupany and support during th8 year. The recognition of income from legacies is dependent on establishing entillemenl, the probability of receipt and the ability lo estimate wth sufficient accuracy the amount receivable. Evidence of enlitlemenl lo a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge ol thé existence of a valid will and thè death of the benefactor) and the executor is satisfied that the propety in question will not be required to satisfy Claims in the eslal&. Receipt of a legacy must be recognised when it is probable that il will be received and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charity, can be reliably measured. Grants are included in the Consolidated statement of financial activities on a receivable basis. The balanco of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entillemenl of receipt, its recognition is deferred and included in Creditors as deferred income. Where entillemenl occurs before income is received, the income is accrued. Income tsx recoverable in relation lo donations received under Gift Aid or deeds of G()venant is rècognised at the time of the donation. Income tax recoverable in relation lo investment income is recognisod at the lime the investment income is re¢eivable. Other income is recognised in the period in which it is receivable and lo the exlenl the goods h8ve been provided or on completion of the sèNice. 2.4 Expenditure Expenditure is recogni5ed once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a Iransler of economic benefits will be rttquired in selllemenl and the amount of the obligation Gan be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct cosls and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly to that aclivily. Shared costs which contribute to more than one activity and sUPPOrt costs which are not attributable to a single activity are apportioned between those activities on a basis ¢onsistenl with the use ol resources. Central staff ¢osts are allocated on the bas15 of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Group lo raise fLJnds for ils charitable purposes and in¢ludes costs of all fundraising activities events and non-charilab18 trading. Expendilure on charitable ac11vilies is incurred on direclSy undertaking Ihe activitie5 which further the Group's objectives, as well as any associated support costs. Page 23
ACORN VILLAGES LIMITED {A company limited by guarantèè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 2.4 Expenditure Icontinuedl All expenditur8 is inclusive of irrg¢overablg VAT. 2.5 Government grants Government grants relating to tangible fixed assets are treated as dtsferd income 2nd released to the Consolidated statement of financial a¢tivilies upon the completion of the relevant performance- rélatèd conditions. Othèr grants that are not subjeot lo performance-related conditions are credited to the Consolidated statement of financial activities as the grant proceeds are received. Granis re1Ve prior lo the revenue recognition criteria being satisfied are recognised as a liability. 2.6 Gift Aid In the ¢8se of a Gift Aid payment made within the Group, income is accrued when the payment is payable lo the Parent Charity under a legal obligation. MeaSurnent is at the fair value ro¢eivable, which will normally be the transaction value. Where the right to re¢eive Gift has been e$t8blished, the amount receivable is recognised as income in the Consolidated stslemenl of financial aclivilies. 2.7 Tangible fixed assets and depreclatlon Tangible fixed assets are ¢apilalis¢d and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. Aftèr rècognition, under the ¢ost model, tangible fixed asseis are measLJred at cost less ac¢umulaled depreGiation and any accumulated irnpairment losses. All Costs incurred to bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allo¢ale the cost of tsngible fixed assets less their sIdUal value over thèir estim8led useful lives. Depreciation is provided on the following bases.. Freehold propety Plant and machinery Motor vehicles Fixtures and fittings Nil, 10/0, 2OA. 4OA, 6.67 /0 and 10 /0 slraighl line 25 /0 reducing balance 25Q/o raducing balance Gains and losses on disposals are determined by comparing the proceeds with the carryng amount and are recognised in the Consolidated slalement of financial activities. Page 24
ACORN VILLAGES LIMITED IA company limited by guaranteol NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinuedl 2.8 Investmènts Fixed asset investments are a form of financial instrument and are initially recognised at their transacliori cost and subsequently measursd at fair value al the 8alanGe sheet date, unless the value cannot be measured reliably in which case il is measured at cost less imp•irm¢nt. Investment gains and losses. whelher realised OT unrealised, are combined and presented as 'GainsllLossesl on investments, in the Consolidated statement ol financial aclivititrs. Investments in subsidiarios are valued at cost less provision for impairment. 2.9 Stocks Stocks are valued al the lower of cost and net realisable value 8fter making due allowance for obsolete and slow-moving stocks. Cost includes all dirèct costs and an appropriate proportion of fixed and variable overheads. 2.10 Debtors Trade and other debtors are nised al the setuemenl amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discDunls due. 2.11 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less frorn the dale of acquisition or opening of the deposit or simi18r account. 2.12 Llabilities and provl$lon$ Liabilities ar& recognised when there is an obligation al the Balance sheet dal& as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amounl of the settlernenl can be estimated reliably. Liabilities ara recognised at the amounl that the Charity anticipates it will pay to setde the debt or the amount il has T&¢eived as advanced paymènts for the goods or 58rvicès it must provide. Provisions are measured at Ihg best estimate of the amounts required lo settle Ihg obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, di5¢0ullled at the pre-tax disGtsunt rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost. 2.13 Flnancial instruments The Group only has financial a55els and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their sèttlemént value with thé éxception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 25
ACORN VILLAGES LIMITED IA company limit¢d by guarant•è} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounting poli¢i*$ l¢ontinuedl 2.14 Operating leases Rentals paid under operating leases are charged to the Consolidated stslemenl of financial activities on a straight-line basis over Ihe lease term. 2.15 Pensions The Group operates a defined contribution pension scheme and the pension charge repres&ntS the amounts payable by the Group to the fund in respect ol the year. 2.16 Fund accounting General funds are unreslricled funds which 8re available for use al the discr&tion of the Trustees in furtherance of Ihe general objectives of the Group and which have not been designated for other purposés. Reslricled funds are funds which are to bs used in accordance with specific r¢strictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled ftjnd is set out in the notes to the financial statements. Investment income, gain5 and losses ar8 allocated to the appropriate fund. Criti¢al a¢counting èstimatès and araas of judgment Eslimales anol judgments are ¢onlinu8lly evaluated and are based on hislori¢al exp8riènce and othgr faclors, includin9 expectations of future events that are believed lo be reasonable under the circumstances. Crltical accounting e51imale5 and assumptions.. The charitable company makes estimates and assumptions concerning the future. The resulting accounting eslimales and assumptions will. by definition, seldom equal the related actual resulls. There are no eslimales and assumptions that have a significant risk of causing a rnatgrial adjustment to thè carrwng amounts of assets and liabilities within the next financial year. Income from donations and legacie$ Rèstricted Unrestricted funds funds 2025 2025 Total funds 2025 Total ftsnds 2024 Donations 111.481 154.572 266,053 278.594 Total 2024 202,57 7 76,083 278,594 Page 26
ACORN VILLAGES LIMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activitie5 Restricted funds 2025 Total funds 2025 Total funds 2024 Income from charitable activities- Acorn Village Communily Income from charitable activities - Government Grants 4,192,894 4.192,894 4, 179,957 49,500 4,192,894 4,192,894 4,229,457 Incoma from other trading adlvlties Income from fundraising events Unrestricted funds 2025 Total funds 2025 Total funds 2024 Fundraising activities 85 85 503 Income from non charitable tradlng activities Unrestricted funds 2025 Total fund$ 2025 Total funds 2024 Trading in¢ome Acorn Village (Tradingl Limited Trading income Acorn Village (Acorns) Limited 81,067 114,239 81,067 114,239 57,245 73,900 195,306 195,306 137, 145 Page 27
ACORN VILLAGES LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Investmènt income Unr¢$trrctèd funds 2025 Total fund$ 2025 Total funds 2024 Investment incorne dividends receivable from listed fixed asset investments 48,936 48,936 37,256 Expenditure on raising funds Costs of raising voluntary in¢om• Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Direct Fund Raising Expenses Support Fund Raising Expenses Governance Costs Costs of raising voluntary income - wages and salaries 1,711 4,419 2,950 1,711 4,419 2,950 2,491 3,828 3.215 73,968 73,968 69.328 83,048 83,048 78,862 Total 2024 2.491 76,371 78,862 Page 28
ACORN VILLAGES LIMITED IA company limited by guarantaal NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on raising funds Icontinuedl other trading exp¢n$oS Unrestricted fund5 2025 Total funds 2025 Total funds 2024 Tr8ding expenses - Acom Village (Acorns) Limited Trading expenses - Acom Village (Trading) Limited Acorn Village (Trading) Limited deprè¢iation 14.008 39,676 585 14,008 39,676 585 1,025 28,5to 86 54,269 54.269 29,621 Analysis of expendltLtr8 by activities Acorn Village Community 2025 Total funds 2025 Total funds 2024 Acom Village Community 4,564,445 4.564.445 4,542,393 Page 29
ACORN VILLAGES LIMITED IA company limitèd by guarantèè} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expendlturo by actlvltles l¢ontlnu•dl Analysis of costs Acorn Village Community 2025 Total funds 202S Total funds 2024 Staff ¢osls Depreciation Food and household expenses Agency staff costs Staff training costs Waste disposal Project costs Registration and subscription fees Rent 3,763,542 137,550 103,676 2,151 13,560 41.205 44,862 15,395 4,515 32.281 31,204 78,923 147,797 16.305 7,521 34,577 37,770 13,567 2,498 2,233 33,313 3,763,542 137.550 1 Q3.676 2,151 13,560 41,205 44,862 15,395 4,515 32,281 31,204 78,923 147,797 16.305 7,521 34,577 37,770 13,567 2,498 2,233 33,313 3, 749,212 113,530 t02,011 70,112 12,366 31,085 57,866 22,358 4.575 30,486 27,116 59,651 200,009 8,711 6,518 29,118 37. 165 13,253 3, 150 3,846 20.255 Rates and water Insuran Energy costs Property maintenance Hire of equipment Alarms and security Office supplies Travel and motor expenses Professional fees Bank charges Cleaning supplies staff welfare supplies 4.564.445 4,564,445 4,542,393 10. Auditorfs r8mLEn8ration 2025 2024 Fees payable to the Charitls auditor for the audit of the Charity's annual a¢¢ounls 11,700 11,700 Page 30
ACORN VILLAGES LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Staff ¢osts Group 2025 Gmup 2024 Charity 2025 Charity 2024 Wages and salaries Social 5e¢urity costs Operating costs of defined contribution pension schemes 3,493,559 276,03B 3,484,494 267,008 3,493,559 276.038 3,484,494 26T.Q08 67,913 67.038 67.913 67,038 3,837,510 3,878,540 3,837,510 3,818,540 The average number of persons employed by the Charity during the year was as follows.. Group 202S No. Group 2024 No. Charity 2025 No. Charity 2024 No. Administration and Management Staff Care Staff Training Staff Maintenance Staff Educational Therapeutic Services Staff Coffee Shop 20 17 20 135 137 135 137 172 776 172 t76 The nurnber ol employees whose employee benefits lexcluding employer pension ¢oslsl exceeded £60,OOD was.. Group 2025 No. Group 2024 No. In the band £60.001 £70,000 The key management personnel of the Charity are considereot lo be the Chief Executive Officer, the Operations Manager and the Senior Registered Manager. The total employee benefits, excluding pension conlribulions, of the key management personnel are £173,269 during the year ended 31st March 2025 12024 £168,884). 12. Trustees, remuneration and expenses Ouring the year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 31
ACORN VILLAGES LIMITED IA company limltèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Tangible fixed a$$ets Group Fraahold Soft propèrty fumÉshing$ Motor Flxture$ and vehi¢le$ fittings Total Cost or valuation Al 1 April 2024 Additions 4,931,785 52,297 102,030 536,677 121,402 165,9601 5,622,789 121,402 183,442 Disposals 117,4821 Al 31 March 2025 4,931,785 52,297 84,548 592,119 5.660,749 Depreclatlon At 1 April 2024 Charg& for the year On disposals 1,905,860 81,217 81,146 5,246 117,0901 460,831 51,672 {65.9571 2.447,837 138.135 183,0471 Al 31 March 2025 1.987.077 69.302 446,546 2,502,925 Net book value Al 31 March 2025 2,944,708 52,297 15,246 145.573 3,157,824 At 31 March 2024 3,025,925 52,297 20,884 75,846 3, 174.952 Charity Freehold Soft property fumishings Motor Fixtures and vehicles fittings Total Cost or valuatlon Al 1 April 2024 Additions 4,931,785 52,297 102,030 534,974 116,826 165,9601 5,621,086 116,826 183,442 Disposals {17.4821 Al 31 March 2025 4,931,785 52,297 84,548 585,840 5,654,470 Page 32
ACORN VILLAGES LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. Tangible fixed assets Icontinuedl Charlty {¢ontlnuedl Freehold Soft property furnishings Motor Flxture$ and vehicles flttings Total Depre¢iation Al 1 April 2024 Charge for the year On disposals 1,905,860 81,217 81,146 5,246 17,090} 459,512 51,087 165,9571 2,446,518 137,550 {83,0471 Al 31 March 2025 1,987,077 69.302 444,642 2.501.021 Net book value Al 31 March 2025 2.944.708 52,297 15,246 141,198 3,153,449 At 31 March 2024 3,025,925 52,297 20,884 T5,462 3, 1T4,568 14. Fixed a55et investments Listed investments Group Cost or valuation At 1 April 2024 890.408 Al 31 March 2025 890.408 Net book valua Al 31 March 2025 890,408 At 31 March 2024 890.408 Page 33
ACORN VILLAGES LIMITED IA Company Ilmitad by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Fixed asset investments Icontinuedl Listed investments Charity Cost or valuation At 1 April 2024 890,408 At 31 March 2025 890,408 Net book value Al 31 March 2025 890,408 Al 31 March 2024 890.408 15. Sto¢ks Group 2025 Group 2024 Charity 2025 Charity 2024 Stock of materials and consumables 8.089 8, 721 6.248 7,292 16. Debtors Group 2025 Group 2024 Charity 2025 Chaiyty 2024 Due within one year Trad¢ debtors Other debtors Prepayrnenls and accrued income 95,967 3,402 141,077 102, 797 5,032 90, 738 95,967 144,437 141,078 102, 797 106,526 90. 738 240,446 198,567 381,482 300,061 Page 34
ACORN VILLAGES LIMITED IA company Ilmltod by guarant&e} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Creditors- Amounts falling due wlthin one year Group 2025 Group 2024 Charity 2025 Charity 2024 Trade creditors Other taxation and social security Other Creditors Accruals and deferred income 85,351 73,485 158,723 39,569 170,634 65,022 7 T8, T85 37,263 84.913 68,682 158,723 39,569 170,292 65.022 178, 785 37,263 357.128 451,704 351,887 451,362 18. Finan¢lal instruments Group 2025 Group 2024 Charity 2025 Charity 2024 Finan¢lal assets Financial assets measured at fair value Ihrough income and expenditure 809,754 926,937 669,690 826,911 19. Stat•rnant of funds Statement of funds - current year Balance at 31 March 2025 Balance at 1 April 2024 Tran5feTS Inlout Gain (Losses) Incom• Expenditure Unrestrictad funds General Funds - 811 funds Trading subsidiaries 3,060.428 203.593 183.0481 62,776 379 3,244,128 195,306 154,2691 1141.0371 3,060.432 398.899 1137,317} 178,2611 379 3,244,132 Restrictèd funds Page 35
ACORN VILLAGES LIMITED {A ¢ompany limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 19. Statement of funds (continued) Statam8nt of funds - current year Icontinuedl Balance at 31 March 2025 Balancè al 1 April 2024 Transf¢r$ inlout Gainsl (Losses) Income Expenditura Acom Village Community Freehold Property FixtLJrès, Fittings and Equipment Sundry Tools and Soft Furnishings Motor VehiGle5 Wellbeing Pod National Heritage Lottery Fund 74,160 4.192,894 14,345,315) 78.261 1,518,694 130.5551 1,488,139 4,864 4,851 12,1021 7,613 200 200 525 1525) 126,843} 26,843 42,569 10.000 152,5691 Grants towards property refurbishment and repairs Compijler and telephone system upgrade Other restricted funds 68,173 161,2031 6,970 19,999 {19,999} 19.215 8,458 (25.334} 2,339 1.687,070 4.304,375 14,564.4451 78,261 1,505,261 Total of funds 4,747,502 4,703.274 14,701,762) 379 4,749,393 Page 36
ACORN VILLAGES LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. Statement of funds Icontinued} The Acom Village Community Fund is to support all charity residents, providing Ca and support. Fixed asset restricted funds are where items or fvnds to acquir8 assets have been given lo the charity for a specific purpose lo support the work and activities of the charity. The Wellbeing Pod Fund is lo irnprove the wellbeing serVIS for our staffing teams. The Heritage Nation81 Lottery Fund is for a project to 5how¢ase the heritage of the sile exploring the the history into the present. The money has been used to create an ac¢èssible garden area that Gan be us6d for workshops. A walk around the sile exploring the history has been ¢reat¢d and there is now an apple press facility so as wè can press existing fruit from established trees bul also support new tress that have been planted. 11 will also create strDng links with diffeienl community groups who have and will be involved in the projeol going fonNard. A small numbar of grants were received to SLJPPOrt property repair. boiler raplacement and resident property refurbishment costs, these included grants from The Wolfson Foundation and the Garfield Weston Foundation, Other restricted funds are lo support specific projects that are all consistent with the charities aims and ethos. Statemènt of funds . prlor year Balance al 31 March 2024 Balance al l April 2023 Transfers in/out G8in (Losses) Income Expenditure Unrestricted funds General Funds- all funds Trading subsidiaries 2,925,498 113,842 (108,989) 101,525 28,552 3.060,428 131, 145 (29,620) (101,525) 2,925,502 244,987 (138,609J 28,552 3,060,432 Restrl¢tèd funds Acorn Village Community Freehold Property Fixtures. Fittings and Equipment 732, IT7 4,229,457 (4,288,074) 74, 160 1,549.249 (30,555) 1,518,694 6,747 (1,877) 4,864 Page 37
ACORN VILLAGES LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. statement of funds (continued} Statèmènt of fund$ - prlor y&ar Icontinuedl Balance al 31 March 2024 5alance al l Apnl 2023 Transfers inlout Gains/ (Losses) Income Expenditu SundryTools and Soft Furnishings Motor Vehicles W&llbeing Pod National Heritage Lottery Fund 200 200 710 26,843 (185) 525 26,843 41.628 40,000 (39,059) 42,569 Grants towards property refurbishment and repairs Other restricted funds 90.000 (90.000) 9,221 72,511 (62,517) 19,215 7,T67.369 4,431,968 (4.512,267) 1,687,070 Total of funds 4,692,877 4,676,955 (4,650,876) 28.552 4, 747,502 20. Summary of fund5 Summary of funds . current year Balance at 31 March 2025 Balance at 1 April 2024 Transfers inlout Gain51 ILossesl Income Expenditure General funds 3,060,432 1,687,070 398,899 4,304,375 1137,3171 14,564,445) {78,261} 78,261 379 3,244,132 1,505,261 Restricted funds 4,747,502 4,703.274 14,701,762) 379 4,749,393 Page 38
ACORN VILLAGES LIMITED IA company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20. Summary of funds Icorbtinuedl Summary of fund$- prioryear Balance at 31 March 2024 8al&nc8 at l April 2023 Transfers in/oul Gains/ (Losses) Income Expenditure General funds Restricted funds 2,925,502 7,767,369 244,987 f138,609) 4,431,968 (4,512,267J 28,552 3,060.432 1,687,070 4,692,877 4,676.955 (4.650,876) 28.552 4,747,502 21. Analysis of net assets between funds Analysls of net assets between funds . current year Rgstricted Unrestrictèd funds funds 2025 2025 Total funds 2025 Tangibl8 fixed assets Fixed asset investments Currtrnl assets Creditors due within one year 3,157,824 3.157,824 890,408 890,408 1446,9721 1,058,289 1357.1281 1357.1281 1.505,261 Total 1,505,261 3.244,132 4,749,393 Page 39
ACORN VILLAGES LIMITED IA company limited by guaranteal NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 22. Reconciliation of net movemènt in fvnds to net cash flow from operating activities Group 2025 Group 2024 Net income for the year las pgr Statement of Financial Activities) 1,891 54,631 Adjustments for= DepCiatIon charges Losses on investments Dividends, interests and rents from investments Lossllprofitl on the sale of fixed assets Decrease in stocks Increase in debtors Increaselldecreasel in creditors 138,135 {3791 148,9361 395 116,445 (28,552) (37,256) (2,827) 612 [49,600) 63,065 632 141,8791 194,5761 Net cash providèd byllused Inl operating activities {44,7171 116,518 23. Analy$l$ of ¢ash and cash equivalents Group 2025 Group 2024 Cash in hand Deposit accounts Bank current accounts 6,848 468,197 334,709 71,907 403, 768 511.262 Total cash and cash equlvalents 809.754 926,937 24. Analysis of changes in n&t debt At 1 Aprll 2024 Cash flows At 31 Mar¢h 2025 Cash at bank and in hand 926,937 1117,1831 809,754 926,937 {117,1831 809,754 Page 40
ACORN VILLAGES LIMITED {A company limited by guarantèe} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. Analysis of changes In net debt {¢ontinued} 25. Pen$lon comrnitments The group operates a defined contribution pension scheme. The assets of the scheme are held sepaTalely from those of the group in an independenly administered fund. The pension cost charge represents ¢ontribLJtions payable by the group to Ihe fund and amounted lo £nil12023 £nill were payablg to the fund at the balance sheet dale. 26. Oporating lease commitments Al 31 March 2025 the Group and the Charily had commitments lo make future minimum lease payments under non-cancellable operating leases 8s follows.. Group 2025 Group 2024 Not later than 1 year Later than 1 year and not later than 5 years 1.664 2,718 1,529 4,204 4,382 5, 733 27. Members. liability Each member of the charitable company undertakes to contribute lo the assets of the company in the event of il being wound up while helshe is a member. or within one year after helshe ceases lo be a member, such amount a5 may be required, not exceeding £10 for the debts and liabilities Contracted before helshe ceasès to be a rnember. During the year ended 31 March 2012 the Memorandum and Articles of Association of the Company were amended, the principal chango being that membership of the Company is now limited lo thos& who are Directors. 28. Relatèd party transactions The Charity has not entered into any related party Iransa¢tion during the year, nor ar8 there any outstanding balances owing betrNeen related parties and the Charity at 31 March 2025. Page 41