Little Acoms Playgroup
Charity No. N1101552
Company No.
Trustees, Report and Unaudtted Accounts
31 August 2023

Little Acorns Playgroup
Contents
Pages
Trustees, Annual Report
Independent Examiner'5 Report
Statement of Financial Activities
2to4
Summary Income and Expenditure Account
Balance Sheet
Statement of Cash flows
Notes to the Accounts
IOto15
Detailed Statement of Financial Activities
16to
Page I

Little Acorns Playgroup
Trustees Annual Report
The trustees, who are also direttors of the charity forthe purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
August 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No.
Charity No. N1101552
Principal Office
20A Derrymore Road
Gawleys Gate
Craigavon
Co. Armagh
BT67 OBW
Registered Office
20A Derrymore Road
Gawley5 Gate
Craigavon
Co. Armagh
BT67 OBW
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
L. Devereux
A. Doone
D. Doone
S. Larkin
C. Mccrory
Company Secretary
P. Haire
Key Management Personnel
Chairperson
Secretary
Treasurer
Loretta Deverux
Phillip Haire
Aoibheann Doone
Accountants
Byrne Mccann & Co. Ltd.
67 Edward Street
Lurgan
Co. Armagh
BT66 6DD
Page 2

Little Acorns Playgroup
Trustees Annual Report
Bankers
First Trust Bank
4 Market Street
Lurgan
Co. Armagh
BT66 6AQ
OBJEcfivES AND AcllviTIES
The purpose of the charity is to provide a safe and stimulating environment to learn through play for all
children (the beneficiaries) in our rural area. We provide activities both planned and unplanned based on our
ethos of 'Learning through Play, set out in the curricular guidance for preschool education. The charity has a
close relationship with the local primary school enabling us to ease the transition from preschool to primary
School with minimum impact for the child.
Little Acorns was established to provide quality Early Years education & personal development for preschool
children aged between 2 years 10 months and 4 years 11 months for the Gawley's Gate and neighbouring
areas, in an inclusive & diverse environment. We strive to ensure that the individual needs and abilities of the
child are recognised and developed. We offer a safe and stimulating environment for all children. regardless
of race, religion or gender.
The trustees confirm that they have had due regard to guidance produced by the Charity Commission's
benefit requirement statutory guidance.
ACHIEVEMENTS AND PERFORMANCE
Little Acorns Playgroup and Afterschool have continued to face tough times within the sector. The setting has
not returned to normal since the Covid-19 pandemic, with parents not availing of our once very popular
breakfast club and afterschool. This was previously a huge revenue generator for the setting and the drop in
numbers is currently being looked at. with new ideas emerging on how to boost numbers. In September 2023
we began to host various 'after5chool clubs which mirrored clubs which ran in the neighbouring school. This
saw a huge increase in numbers and increased money being brought into the setting. The mobile that the
playgroup currently resides in 15 old and requires almost continuous maintenance to keep itsafe for purpose.
The costs of this are very high and eat away at any fund raising gains we have achieved. With the
development of the new school neighbouring Little Acorns, it is not the right time to consider a new building
but this decision may need revisited sooner by the new committee that will sit in 24125. The setting also
invested heavily in new furniture both inside and outside to further develop the setting and keep it in line
with best practice. These developments are there for the benefit of all the children within the setting
especially those who may have additional needs. One last thing to note is that there has also been a steady
decline in voluntary parent donations, which is likely due to the increased cost of living crisis. There has been
a tremendous amount of work put in from September 2023 with a large turnover of Committee members,
bringing in new and exciting ideas and talents to the setting and l am hopeful that the accounts will reflect
better in the next report.
FINANCIAL REVIEW
This has been a particularly disappointing year for the charity with the widespread negative effects of
Covid-19 and the Cost of Living Crisi5 continuing to erode potential source5 of funds.
Little Acorns operates a reseNes policy to ensure sufficient funds are ring fenced to cover any winding up
cost5 and has sufficient reserves in place to cover the requirements of this policy at this point.
Page 3

Little Acorns Playgroup
Trustees Annual Report
The results do suggest a certain amount of uncertainty at year end but an analysis of figures in 23124 to date
appear to show that the results in 2024 will be improved.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The type of governing document is by constitution and is constituted by unincorporated association.
Trustees are norninated and voted onto committee, by those attending. Those who are nominated need to
be seconded to become a committee member. Office bearers must have held a vice role where possible
before taking an office bearing role.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustee5 are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP {FRS 1021.
Signed on behalf of the board
A. Doone
Trustee
25June 2024
Page 4

Little Acorns Playgroup
Independent Examiners Report
Independent Examiner's Reportto the trustees of Little Acorns Playgroup
I report to the charity trustees on my examination of the financial Statements of Little Acorns Playgroup for
the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees of the company land also it5 direttors for the purposes of cornpany lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l.
In carrying out my examination I have followed the Dirertions given by the Charity Commission under section
145151 Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
accounting records were not kept in accordance with section 386 of the 2006 Att . or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination- or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
RAYM
ND MCCANN FCCA
Byrne Mccann & Co. Ltd.
67 Edward Street
Lurgan
Co. Armagh
BT66 6DD
25 June 2024
Page 5

Little Acorns Playgroup
Statement of Financial Activities
forthe year ended 31 August 2023
Unrestricted
funds Total funds Total funds
2023
2023
2022
Notes
Income and endowments
from:
Donation5 and legacies
Charitable activities
Investments
17,239
48,389
442
17,239
48,389
442
6,357
69,273
15
Total
66,070
66.070
75,645
Expenditure on:
Charitable activities
Other
86,009
1.080
86,009
1,080
75,479
1,506
Total
87,089
87,089
76,985
Net gains on investments
Net expenditure
Transfers between funds
121,0191
121,0191
11,3401
Net expenditure before other
gain5/(10sses)
121,0191
121,019)
11.3401
Other gains and losses
Net movement in funds
121,0191
121.0191
11,3401
Reconciliation of funds:
Total funds brought forward
88,317
88,317
89,657
Total funds carried forward
67,298
67,298
88,317
Page 6

Little Acorns Playgroup
Summary Income and Expenditure Account
forthe year ended 31 August 2023
2023
2022
Income
65,628
75,630
Interest and investment income
442
15
Gross income forthe year
Expenditure
66,070
75,645
87,089
76,985
Total expenditure for the year
Net expenditure before tax for the year
87.089
76,985
121,0191
11,3401
Net expenditure for the year
121.0191
11,3401
Page 7

Lrttle Acorns Playgroup
Balance Sheet
at 31 August 2023
Company No.
Note5
2023
2022
Current assets
Cash at bank and in hand
69,766
69.766
12,4681
67,298
89,397
89,397
11,0801
88,317
Creditors: Amount falling due within one year
Net current assets
io
Total assets less current liabilities
67,298
88,317
Net assets excluding pension asset or liability
Total net assets
67,298
88.317
67,298
88,317
The funds of the charity
Restricted funds
Unrestricted funds
General funds
li
li
67,298
88,317
67,298
88,317
Reserves
li
Total funds
67,298
88,317
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
Forthe year ended 31 August 2023 the company was entitled to exemption under section 477 of the
Companies Att 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 25 June 2024
And signed on its behalf by:
A. Doone
Trustee
25 June 2024
Page 8

Little Acorns Playgroup
Statement of Cash flows
for the year ended 31 August 2023
2023
2022
Cash flows from operating activities
Net expenditure per Statement of Financial Activities
{21,0191
11,3401
Adjustments for:
Dividends. interest and rents from investments
Increase in trade and other payables
1442)
308
1151
Net cash used in operating activities
121,153)
11,3551
Cash flows from investing artivities
Dividends, interest and rents from investments
442
15
Net cash from investing activities
442
15
Net cash from financing attivities
Net decrease in cash and cash equivalents
120,7111
11,340)
Cash and cash equivalents at the beginning of the year
89,397
91,442
Cash and cash equivalents at the end of the year
68,686
90,102
Components of cash and cash equivalents
Cash and bank balances
69,766
89.397
69,766
89,397
Page 9

Little Acorn5 Playgroup
Notes to the Accounts
for the year ended 31 August 2023
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5".
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS IQ21 (effective I
January 20151 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companie5 Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to account5 for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrittions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has uriconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received 15 not included in the account5.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 10

Little Acorns Playgroup
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recogni5ed on 2n accruals basis. Expenditure include5 any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attratting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of it5 objects. including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid ba515 plus an accrual for
grants that have been approved by the trustee5 at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity-
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable artivities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activitie5 as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
Ilowing for any trade discounts due.
Page 11

Little Acorns Playgroup
Notes to the A¢¢ounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the ri5k5 and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower. at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately. unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised a5 an expense on a straight-line basis over the lease term.
In the event that lease incentive5 are received to enter into operating leases. such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduttion of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contribution5 into a separate entity. Once the
contributions have been paid the company has no further payments obligation5. The contributions are
recognised as expense5 when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods. facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity-
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12

Little Acorns Playgroup
Notes to the Accounts
3 Statement of Financial Activities- prior year
Unrestrirted
funds Total funds
2022
2022
Income and endowments from:
Donations and legacies
Charitable activities
Investments
6,357
69,273
15
6,357
69,273
Is
Total
75,645
75,645
Expenditure on..
Charitable activities
75,479
75,479
1,506
Other
1,506
Total
76,985
76,985
Net income
11,3401
11.3401
Net income before other
gains/(10sses)
Othergains and losses:
11,3401
11.3401
Net movement in funds
11,3401
{1,340}
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
89,657
89,657
88,317
88,317
4 Income from donations and legacies
Unrestrirted
Total
Total
2023
2022
17,239
17,239
17,239
17,239
6,357
6.357
5 Income from charitable activities
Unrestricted
Total
Total
2023
2022
48,389
48,389
48.389
48,389
69,273
69,273
Page 13

Little Acorns Playgroup
Notes to the Accounts
6 Income from investments
Unrestricted
Total
Total
2023
2022
442
442
15
442
442
15
7 Expenditure on charitable artivities
Unrestrirted
Total
Total
2023
2022
Expenditure on charitable
activitie5
86,009
86,009
75,479
Governance costs
86,009
86,009
75,479
8 Other expenditure
Unrestricted
Total
Total
2023
2022
1,080
1,080
1,506
1,080
1,080
1,506
9 Staff costs
No employee received emoluments in excess of £60.000.
10 Creditors:
amounts falling due within one year
2023
2022
Other taxes and social security
Accruals
308
2,160
2,468
1,080
1,080
Page 14

Little Acorns Playgroup
Notes to the Accounts
11 Movement in funds
Incoming
resources
(including
other
gains/lo55es
Resources
expended
At31
Atl
September
2022
August
2023
Restricted funds:
Unrestricted funds:
General funds
88.317
66,070
187,0891
67.298
Total funds
88,317
66,070
187,0891
67,298
12 Analysis of net assets between funds
Unrestrirted
fund5
Total
Net current assets
67,298
67,298
67,298
67,298
13 Reconciliation of net debt
Atl
At31
August
2023
September
2022
Cash flows
Cash and cash equivalents
89,397
89,397
119,6311
119,6311
69.766
69,766
Net debt
89,397
119,6311
69,766
14 Related party disclosures
Controlling party
Page 15

Little Acorn5 Playgroup
Detailed Statement of Financial Attivities
for the year ended 31 August 2023
Unrestricted
funds
2023
Total funds
2023
Totsl funds
2022
Income and endowments from:
Donations and legacie5
17,239
17,239
17,239
17,239
6,357
6,357
Charitable activities
48,389
48,389
48,389
48,389
69,273
69,273
Investments
442
442
15
442
442
15
Total income and endowments
66,070
66,070
75,645
Expenditure on:
Charitable activities
86,009
86,009
86,009
86,009
75.479
75,479
Total of expenditure on charitable
artivities
86,009
86,009
75,479
Other expenditure
1,080
1,080
1,080
1,080
1,080
1,080
1,506
1.506
1,506
Total of expenditure of other costs
Total expenditure
Net gains on investments
87,089
87,089
76,985
Net expenditure
121,0191
121,0191
11,3401
Net expenditure before other
gains/(losses)
OtherGains
121,0191
121,0191
{1,340)
Net movement in funds
121.0191
121,0191
11,3401
Reconciliation of funds:
Total fund5 brought forward
88,317
88,317
89,657
Total funds carried forbvard
67,298
67,298
88,317
Page 16