OpenCharities

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2023-08-31-accounts

SORP reference
In the 22/23 year, Little Acorns were
thrilled and proud to achieve and
Summary
ofthe main
achievements
ofthe charity,
identifying
the difference the
charity's
work has made to
the circumstances
ofits		 Para 1.20 maintain
our Ofsted outstanding
status.
We have supported
two new members
ofstaff in achieving
their
apprenticeships.
beneficiaries
and any wider
benefits to society as a
whole.		 Little Acorns has continued
to offer
parents open chatter mornings sothat
they can develop communication
skills
with their children, this is supported
by
the offer ofresources from the
communication
trolley which children
and parents can take home and explore
together.
Achievements
against		 Para 1.41
objectives set
Performance
offundraising
activities against objectives Para 1.41
set
Investment
performance		 Para 1.41
against objectives
Other

Financial Review Financial Review
Review ofthe charity'6
financial
position at the end
ofthe
eriod
Statement
explaining
the
policy for holding
reserves
stalin
wh
the
are held
Amount
ofreserves
held
Reasons for holding zero		 Para 1.21
Para 1.22
Para 1.22
Para 1.22		 The financial year has ended on a
positive note with a small profit rather
than a deficit.
We currently
have a sufficiency
fund to
ensure the pre-school could continue to
o crate for 3months
with no income.
Rgfk
reserves
Details offund materially in Para 1.24
deficit
Explanation
ofany		 Para 1.23
uncertainties
about the
charity continuing
as a going
concern
Additional
information
(optional)
You ma
choose to include further statements		 where relevant
about
The principle sources offunds are fees
The charity's
principal		 and government
funding
forfees.
sources offunds
(including
any fundraising)		 Para 1.47 Little Acorns have fundraising
events
such as Christmas
parties and concerts.
Local grants have also supported
the
pre-school and enabled the updating
of
to s/resources/
la
areas.
Investment
policy and
objectives
including
any
social investment
policy		 Para 1.46
adopted
The ongoing costof living crisis has had
A description
ofthe principal
risks facing the charity		 Para 1.46 an impact and Little Acorns are working
hard to raise funds/manage
spending
to
enable the setting to continue to provide
a high standard
pre-school for the local
communi
Other

Description
ofcharity's
trusts:
Type ofgoverning
document
trust deed, ro ai charter		 Para 1.25 Constitution
Alliance		 —Pre-School Learning
How is the charity
constituted?		 Pars 1.25 Registered Charity
(e.g unincorporated
association,
CIO
Trustee selection methods
including
details ofany		 Pars 1.25 Elected by Committee ofparents.
constitutional
provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

You ma
choose to include		 You ma
choose to include		 You ma
choose to include		 further statements where relevant where relevant where relevant about
All committee members follow a strict
Policies and procedures
adopted
for the induction
and training oftrustees		 Para 1.51 induction
checks,
induction		 process including
safeguarding
training
to the setting.		 DBS
and
Members
trainin		 undertake
on an annual		 safeguarding
basis.
The charity's organisational
structure
and		 any wider Para 1.51
network
with		 which the
charity works
Relationship with any Para 1.51
related parties
Other

~ ~ ~ ~ ~
Section A Statement offinancial activities
WHBB~~~BBMEBEB
KI~~~IHBH~KB~
'mmms~~mmm~ms
KHH~~KBSIBKEEKI
&&&&%8
-
~ ~ ~ ~ ~.
~~~~~%El
MHKHil
MESEilMK'K!SR
-KBEH~~RBXEIKEIHE
~ 0
'ZsOso Unrestricted Restricted
income		 Endowment Total this Total last
G funds
f		 funds
f		 funds
f		 yearf year
f
Fixed assets F01 F02 F03 F04 F05
Intangible
assets		 (Note 15) B01
Tangible assets (Note 14) B02 10,433 10,433 13,600
Heritage assets (Note 16) B03
Investments (Note 17) 004
Total fixed assets B05 10,433 10,433 13,600
Current assets
~Stocks (Note 18) B06
Debtors (Note 19) B07 2,253 2,253 2,253
Investments (Note 17.4) Bos
Cash at bank and in hand (Note 24) B09 137,777
Total current assets B10 141, 211 140030
Creditors: amounts falling due within
one year (Note 20) B11 28,948 28,948 31,489
Net current assets/(liabilitiesj B12 112,263 112,263 108,541
Total assets less current liabilities B13 122,141
Creditors: amounts falling due after
one year (Note 20) B14
Provisions for liabilities B15
Total net assets or liabilities B16 122,696 122,696 122,141
Funds ofthe Charity
Endowment funds (Note 27) B17
Restricted income funds
(Note 27)		 916
Unrestricted funds B19 122,696 122,696 122,141
Revaluation reserve 020
Total funds B21 122,696 122,696 122,141
Signed
by one or two trustees on behalf of all		 Date of
the trustees Signature Print Name approval
dd/mm/
z.Z(el&
Recognition of Income These are included
in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources,
it is mare likely than not that the trustees
will receive the resources; snd		 Yes No N/s
~
the monetary
value can be measured
with suffidant
rekability.
There has been no offsetting ofassets snd liabilxies, or Income and expenses, unless required or Yes No N/a
Offsetting Permitted
by the FRS 102SORP or FRS 102.		 Yes No N/s
Grants and donations
are only included
in the SOFA when the general
income recognition
Grants and donations cntena are met (5.10to 5.12 FRS102SORP).
In the case ofperformance
related grants, income must only be recognised
lo the extent
that the chanty hes provided
the specified goods or services as enbtlament
to the grant
only occurs when the performance
related condiTrons are met (5.16FRS 102SORP).
Legacies Legacies are included
in the SOFA when receipt is probable,
that is, when there has
been grant of probate, the executors have established
that there are suncient assets
in
the estate and any cond/tions
sttadled
lo the legacy are either within the control ofIhe
charity or have been met.
vernment grants The charity has received government
grants
in ths raportng
period
Gift Aid receivable
is indudsd
in rncome when there is a vslrd declaration
from the donor.
Tax reclaims on
donations
and gifts		 Any Gift Aid amount recovered
on a donstron
is consrdered
to be part ofthat gih and is
treated ss sn additron
to the same fund as the inisal donation
unless the donor orthe
terms of Ihe appeal have speuffed
otherwise
Contractual Income and This is only included
in the SDFA once the charity hss provided the related goods or
performance related se/vices
or met the performance
related conditions
grants
Donated goods Donated goods sre measured
at fair value (the amount for which the asset could be
exchanged)
unless
rmpractical
to do so
The cost ofany stock ofgoods donated for dhstnbution
to benefrdaries
rs deemed to be
the fair value ofthose gifts at the time of thdir receipt and they are recognised
on receipt
In the reporbng
period
in which the stocks sre disuibutad,
they are recognised as an
expense at the carrytng
amount ofthe stocks at distribukon
Donated goods for resale are measured
atfair value on initial reoognition,
which
is the
expected proceeds fram sale less the expected costs of sale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stack recognised
in the balance
sheet.
On its sale ihe value ofstock is charged against 'Income from other trading
activities'
and the proceeds from sale are also recognised as 'Income from other trading
acbvltles(
Yes No N
Goods donated
for ondpring
use by the chafity are recognised as tangible
fixed assets
snd inoludsd
in the SDFA as incoming
resources when receivable
Gifts In kind for use by the charity are Included
in the SoFA as income from donations
when receivable
Donated services and Donated services and faahkes are included
m the SOFA when received at the value of
facihties the grft to the oharity provided
the value ofthe gift can be measured
reliably.
Donated services and fadgties that sre consumed
immediately
sre recognised as income
With an equivalent
amount
recognised as an expense under the appropriate
heading		 in
the SOFA.
suppor o0 t* Th
h
ayn
I
od
p
c/I
oo pporto
r
Yes No
Volunteer help The value ofany voluntary
help received is not included
m the accounts
but is described
in th
trustees'
annual
report
es No
Income fram Interest, This is included
in the accounts when receipt is probable snd the amount
receivable		 can
royalties and dividends be measured
reliably
Yes No
Income from membership ktembership
subscripbons
received
in the nature ofa gift are recognised
in Donations
subscriptions and Legaoes.
memDelshlp
suDscnplrons
wlsclr gvcv a memDer the right to Duy aerwcce o ou		 es No
benefits are recognised as income earned
from the provtsion
ofgoods snd servrces		 as
income from charitable
activiaes.
Settlement of insurance Settlement of insurance Settlement of insurance Insurance
daims are only Induded
in the SoFA when the general income recognition
crltsna are mst (5 10to 512FRS102SORP) and are included as an item of olher
claims income in the SoFA.
Investmsnt
gains and
losses		 This includes
any realised or unreaksed
gains orlosses on the sale ofinvestments
and
anY gain or loss resulting
from revaluing
investments
to market value at the end ofthe		 Yes No N/e
year
2.3 EXPENDITURE AND LIABILITIES
Liability
rscog		 nitlon Liabriibes are recognised
where
il is more kkely than not that there is a legal or
constructive
obligation
committing
the chanty to pay out resources and the amount of		 the m
obligation can be measured
with reasonable
certainty.
Governance and support Support costs have been allocated between
governance
costs and other support.
Governance
costs comprise aa costs involving
public accountability
ofthe charity snd		 its
costs compliance
with regulation
and good practioe.
m
Support costs indude
central functions
and have been allocated to activity cost
catsgones on a basis conststent
with the use of resources, eg allocating
property costs
by floor areas, crper capita, staff costs by the time spent and other costs by their usage
Grants with
conditions		 performance Where the charily gives a grant with conditions
for its payment
berng a specific level of
servtce or output to be provided,
such grants are only recognised
in the SoFA once the
recipient ofthe grant has provided the spsclesd service or output		 Ne
Grants payable without
performance
conditions		 Where there are no onn
d Sons
attaching
to the grant that enables the donor charity to
reehstically
avoid ihe commitment,
a liability for the full fundIng
obligation
must be
recognised.
~undancy cost The chanly made no redundancy
payments
during the reporting
period.
Yes No N/a
Deferred income No material
item ofdeferred income has been included
in the accounts.
Creditors The charrty hes credttors
whtch are measured
at sstssmsnt
amounts less any trade
O IScooIIts
Provisions for liabilities A Iwbdity
Is measured
on recognition
at its historical cost and then subsequently
measured
tithe
best esimate ofthe amount
required to setge the obligation at Ihe		 Yes No N/a
reporting
date
Basic financial
instruments		 The chanty accounts for basrc financial
instruments
on inilial recognition as per
paragraph
11.7 FRS102SORP
Subsequent
measurement
is as per paragraphs
11.17
to 11,19,FRS102 SORP.		 Yes No N/a
2.4ASSETS
Tangible fixed assets for These *rs capitalised
ifthey can be used for more than one year, end cost at least
uss by charity Yes No N/a
They are valued at cost.
The depreoiation
rates and methods
used are disclosed
in note 5.2.
Intangible fixed assets The chanty has intangible
fixed assets, that is, non-monetary
assets that do not have
phystcal
substance
but are identiliable
and are controlled
by Ihe chafIty through
custody
or legal rights
The amortrsatlon
rates and mmnods
used are disclosed
in note 5 5
es No N/a
They are valued at cost.
Heritage assets The Nterity has heritage assets, that is, non-monetary
assets with historic, artistic,
scientific, technological,
geophysical
or envIronmsntal
qualities
that are held
and
maintained
prindpally
for their conlribution
to knowledge
and culture
The dspreaation
rates snd methods
used as disdcsed
in note 9.6.1.4
They are valued at cost
Investmsnts Fixed asset investments
in quoted shares, traded bonds and similar Investmsnts
are
valued at inltisgy at cost end subsequenay
at fair value (their market value) at the year
snd. The same treatment
ls appked to unbated
investments
unless fair value cannot be		 Yes No N/a
measured
reliably
in which cess it is measured
stcost less imparrment.
investments
held for resale or pending
their sale and cash and cash equivalents
wxh a		 Yss No N/s
rneturtty
date ofless than I year are treated as current asset invsstmsnts
Stocks and work in Stocks held for sale as part ofnon-chantable
trade are measured
at the lower orcost or nst		 Ysa No N/a
p/ogmss realissble
value.
Goods or services provided as part ofs charitable
activity are measured
at nsl reatisab(a value		 Yes No N/a
based on the service potsnliel
provided
by items of stock.
Yss No N/a
Work in progress
is valued at cost less any foreseeable loss that is likely to occur		 on the contract.
Debtol s Debtors (htcludlng
trade uebturs
end loans reoolvsols) sr
asurod on '
II
I
ssttlsmsnl
amount after any trad
discounts or amount
advanced
by the charity.
they are measured
atthe cash crother consrdsration
expected to be received		 5 w
I
Subsequently,		 Yes No N/a
I ~ ~ ~ ~~~~~i
RS~~ERIKI
MS~~M%~
~~MRKKI
~ s ~ ~
~ ~ 0 |~ ~
HX26H~~~REK13

Section C Notes io the accounts Icontl Noto 8 Analssls ol expendlture Thls y•¥ La•iyear R¢sknGtsd An•lys18 endllyre on r4i¥ing fund•'. lrturred seeking don8Uons Incurrod $8gking legac￿$ Incurred seeking grant5 Operaling memborship schemes and Totsllu Tolal fvTr Slaging fundraising ￿antS Fudraising agent# Opgraiing charity shops Oporatlng a trading company undortaking rnttn4harita￿fj trgding ALlvertl8lng. Ma￿￿etIng, ¢&r8ct mal Start UP eO8ts Incurr8d in gtyn8r41¢ry new sovrce ol fuiure incorn• D•tBbaiè dovelopmoni costs Other trading activities InvaÈlm•nt mgn•gomgnt costs". Porirollo Thana emenl costs C￿1 of obt4inln9 Inv6slmont odvlce Invostment administr8ts.on co$ts Intellectual pro￿rtY Ilcencin9 ¢C¢ Ront ￿￿1•¢t10n, pro￿rtY r8palrs m4int•nanco charg•• Tot•1 •xp•ndltUTQ on rAI￿n9 fvnd• Exp•ndlturn on ¢￿rItabl ¥etl¥M•s: Co81 ol Sales AdmlnLsirltlV8 exwnses 9.859 9B59 184.704 141350 Total 6xpandliurq on ¢harl¢abl• 194,584 aratè mot•rl41 It•m of exp•n#• Olbor Totsl other expendlturg TOTAL EXPENDITURE 194.564 194.564 149,383 Other lfifoTmitlon'. Analysls ctf 0xper￿lIUr• on charitsble actMU85 CC17a (Excell 0￿￿024

was paid please ent er '0 ' in the appropriate
box(esj.
This year Last year
K K
Independent
examiner'e		 fees 414 350
Assurance services other than audit or independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services) paid 420 420
to the Independent examiner

Salaries and wages Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
This year:
Band Number ofemployees Number ofemployees
This year Last year
K60,000to K69,999
K70,000to K79,999
K80,000to K89,999
K90,000to K99,999
K100,000to 9109,999
This year Last year

Freehold ised 4, Other land 4 Plant, Fixtures, fittings Total
buildings buildings machinery and equipment
and motor
vehicles
ne beginning
Additions		 of the year 29,026
1,242		 29,026
1,242
Revaluations
Disposals
Transfers *
At end of the year 30,268 30,268
14.2 Depreciation and impairments
Basis SLor RB(Straight SLor RB SLor RB SLor RB SLor RB
Line or Reducing
Balance)
~Rate 10%&20%
At beginning of the year 15,426 15,426
Disposals
Depreciation 4,409 4,409
airment
Transfers
At end of the year 19,835 19,835
14.3 Net book value
Nat book value at the beginning ofthe year 13,600 13,600
Net bock value at the end ofthe year 10,433 10,433
Trade debtors
Prepayments and accrued income
Other debtors
Total
This year Last year
2,253.0 2,253.0
2,253.0 2,253.0
Trade debtors
Prepayments and accrued income
Other debtors
This year Last year
F
Total

Amounts falling due within Amounts falling due after falling due after
one year more than one year
This year Last year This year Last year
8 Z
28,948 31,489
Total ,489
Please co mplete this note ifthe cha rity has deferred income.
This year Last year
Please explain the reasons why income is deferred. 826,919received from f30,959received from
North Lincolnshire North Lincolnshirs Council
Council is forthe Autumn is for the Autumn term
term
Movement in deferred income account This year Last year
E
Balance at the start ofthe reporting period 30,959 14,924
Amounts added
in current		 period 26,919 30,959
Amounts released to income from previous periods 30,959 - 14,924
Balance at the end ofthe reporting period 26,919 30,959
Note 24 Cash at bank and in hand
This year Last year
8 8
Short term cash investments (less than 3months maturity date)
Short term deposits
Cash at bank and on hand 138,958 137,777
Other
Total 138,958 137,777

Soctioii C Notes to the attounts (conti Note 28 Transactions with trustees and reL4t8d parts Mth• ¢harlfy has kny tr•ns•etlon$ wlth rolalgdwb•s lolh•rth•n th• Irustee w•ns•s •Waintydin gvidanm notes) def411s olsuch tra￿5￿01r0￿S should be provld4dlh Ihis nolth no trnsacUofftb pl•as••nl•r In th¢ box or "Fats•" if th•ro •r• t• r•pwL 28.1 Tru8tee r•muner•tkvn b•r Th1$ yur None vf tho tru8teo• hav• b¢w pald any r•mun•rallon Or r•¢•lv•d ¥Thy other an mplw•nt wlth th•lr pr • ¥•l•t•d •ntrty (frw w P•ts•} TRUE In thepwI0￿ th• ¢harfty ljas pald tni$iws Trmun•rnUon and b•n•ffts. Pl•4$0 olve th• imountof, •ndlq4l•uthority for. •ny r•munerallon or oth•rb•n•fft4 paid to a tru&t•• by th• ch•rltyw•ny IMthrtlofv or ¢ory•ny ¢+)lln•Gl•dwith IL Amounts paid bonallt valu• P•rtyr TOTAL N•mo ¢ltrwt•• ordr, gowmlng afflcèV•X Pl••s• qfv• detall of why Mnuner•llon w oltw •mploym•ntb•nellts p•ld. •n •xpr•tl¥ pynwithK b••n mad• IDa tr￿1••. ovld• •xplpn4don olVJ• MILW• 0IthAp•ym￿t L•it y•r Non• ofth• tru¥•￿ h•¥• beon pald •ny r•mun•ratlorb orrec•l4d any fr(m • qmployrfnt wlth th•lr ehwlty or i r￿￿ted •nllty (TnJ• or Fal￿) TRUE In Ih pehod rh• ¢lrJrlty haspd tyU$t¥g8 mmun•Muon antlbwJ•iTit. Pl••#• glw• th•moimtol. lty•l •vlhortty l•r. •nv r•mun•ratlon or oth•i b•n•lYts pald lo • Imst•• by th• ¢lwfty ￿•￿Y thtllvllon orcompany¢¢)nTr•ei•d wlth It Amounts p•ld b•n•fft ¥*lu• L•yl •uihwity1•g ord•r. gowmlhl docum¢ R•dundiNt IlrKWlnq TOTAL N•m• ol ¢ru•l•• glv• d•talls olwhYremunw•U￿ orothor •mploym•ntb•neflts w•rnpatd. Wh•M •n ￿ Br411• paymenthes been tll•ts (Da Iruslw. JJffj¥id¢4n oxplanauon olth• paym•nL CC178 IExc811 oeiDv2024

Type ofexpenses reimbursed This year Last year
Travel
Subsistence
Accommodation
Other (please specifY):
TOTAL

This y ear ear
There have been no related party transactions
In the		 reporting period (True or False) TRUE
Amounts
Name
or		 ofthe
related		 trustee
party		 Relationship
to charity		 Oescription
ofthe
transaction(s)		 Amount Balance at
period end		 Provision for bad
at period end		 debts written off
during
reporting
sriod
Last year
There have been no related party transactions in the reporting period (True or False) TRt/E
Amounts
Name ofthe trustee
or related party
Relationship
to charity
Oescriptlon
ofthe
transaction(s)		 Amount Balance at
period end		 Provision
for bad
at period end		 debts written
off
during
reporting
period
In relation to the transactions
above, please provide		 the
terms and conditions, including
any security		 and the nature
ofany payment (consideration)
to be provided		 In
settlement.