LirrLE ACORNS PLAYGROUP STATEMENT OF FINANCIAL AcfiviTIES (Incorporating Income and Expenditure Account) For the year ended 30 September 2022 Total Unrestricted Restricted Funds Notes Funds Funds 2022 Total Funds 2021 Income and endowments from: Donations and legacies Other trading activities Charitable activities Total incoming resources 90 1,252 29,114 30,366 1,252 38,666 39,918 9,552 9,552 50,261 50,351 Expenditure on: Charitable activities Governance costs Total resources expended 37,408 1,312 38,720 8,512 45,920 1,312 47,232 39,768 1,155 40,923 8,512 Net income/{expenditure) 8,3541 1,040 {7,314) 9,428 Total funds brought forward 14 21,282 5,499 26,781 17,353 Total funds carried forward 14 12,928 6,539 19,467 26,781 All incoming resources and resources expended derive from continuing activities. The company has no recognised gains or losses for the year other than the results above. The notes on pages 7-11 form part of these financial statements and should be read in conjunction therewith.
LirrLE ACORNS PLAYGROUP BALANCE SHEET as at 30 September 2022 2022 2021 Notes Fixed Assets Tangible Assets 10 9,207 12,068 Current Assets Cash at Bank and in Hand 15,155 20,832 Creditors Net Current Assets 15,155 20,832 Total A55ets less Current Liabilities 24,362 32,900 Accruals and deferred income 11 (4,895) 16,119) Net Asset5 19,467 26,781 Funds Restricted Funds Unrestricted Income Funds Total Charity Funds 6,539 12,928 19,467 5,499 21,282 26,781 14 For the financial year ended 30 September 2021 the company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies. No member of the company has dep051ted a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within part 15 of the Companies Act 2006. Approved by the board and authorised for issue on 16 January 2023 and signed on its behalf by: Trevor A. Adams The notes on pages 7-11 form part of these financial statements and should be read in conjunction therewith.
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 Basis of Preparation 1.1 Accounting convention The financial statements are prepared under the historical cost convention with items recognised at C05t or transaction value unless otherwise stated in the relevant notes. 1.2 Compliance with accounting standards The financial statements are prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, The disclosure requirements of section IA of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have also been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities" 1.3 Fund accounting Unrestricted funds are general funds that are available for use at the directors, discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Accounting policies 2.1 Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Income is derived from the provision of pre-school educational services and is recognised as earned (that is, as the related goods or services are provided.) Investment income is included when receivable. Income from charitable activities includes income recognised as earned las the related goods or services are provided) under contract or where entitlement to grant funding is subject to specific performance conditions. Grant income included in this category provides funding to support programme activities and is recognised where the entitlement, certainty of receipt and amount can be measured with sufficient reliability, 2.2 Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED) Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and costs associated with constitutional and statutory requirements. 2.3 Tangible fixed assets and depreciation Individual assets costing more than £200 are initially recorded at cost. Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Plant & Equipment Outdoor Play Area Office Equipment 4% Straight Line IO% Straight Line 25% Reducing Balance Voluntary Income Total Unrestricted Restricted Funds Funds Funds 2022 Total Funds 2021 Donations 90 90 Activities for Generating Funds Total Unrestricted Restricted Funds Funds Funds 2022 Total Fund5 2021 Fundraising efforts 1,252 1,252 1,252 1,252 Income from Charitable Activities Total Unrestricted Restricted Funds Funds Funds 2022 Total Funds 2021 Fees Other Income Education Authority & Other Grants 2,209 191 26,714 29,114 2,209 1,003 191 702 36,266 48,556 38,666 50,261 9,552 9,552
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED) Costs directly attributable to charitable activities Total Unrestricted Restricted Funds Funds Funds 2022 Total Funds 2021 Wages and related expenses Early Years Advisor Equipment Resources Training Presentations Repairs and Renewa15 Light and heat Water rates Telephone and postage Printing and stationery Bank charges Other expenses Depreciation Capita I gra nt release 28,984 1,000 633 1,112 53 5,275 34,259 28,389 1,000 600 633 25 2,582 5,343 53 891 350 474 707 212 540 36 62 59 740 432 2,859 2,871 (1,222 {1,2221 45,920 39,768 1,470 2,763 1,015 242 564 367 3,130 1,015 242 564 62 740 1,459 11,222 37,408 1,400 8,512 Governance Cost5 Total Unrestricted Restricted Funds Funds Funds 2022 Total Funds 2021 Insurance Companies House fees Independent Examiner's fees 919 13 380 1,312 919 13 380 1,312 762 13 380 1,155 Net Incoming Resources 2022 2021 Net incoming resources is Stated after charging: Depreciation of tangible assets and after crediting capital grant release 2,859 1,222 2,871 1,222
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED) Taxation The company is a Charity and is recognised as such by HMRC for taxation purposes (HMRC Charity Number XR 227571. 10. Tangible Fixed Assets Plant & Office Equipment Equipment Total Cost As at l October 2021 Additions As at 30 September 2022 39,558 11,537 51,095 39,558 11,537 51,095 Depreciation As at l October 2021 Charge for the year A5 at 30 September 2022 28,940 2,122 31,062 10,089 737 10,826 39,029 2,859 41,888 Net Book Value A5 at 30 September 2022 As at 30 September 2021 8,496 10,618 711 1,448 9,207 12,066 11. Accruals and Deferred Income 2022 2021 Capita5 grant reserve: Balance at start of year Capital grant released 6,117 (1,222) 4,895 7,340 {1,2221 6,117 12. Share Capital The company is limited by guarantee and therefore does not have a share capital. io
LirrLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED) 14. Reconciliation of Movement in Funds Total Unrestricted Restricted Funds Funds Funds 2022 Total Funds 2021 Balance at l October 2021 Surplus for the year 21,282 {8,3541 12,928 5,499 1,040 6,539 26,781 17,353 7,314 9,428 19,467 26,781 15. Contingent Liabilities The company has a liability to repay grants received should it cease to comply with various conditions set out in the letter of offer. 16. Capital Commitments The charity has not entered into any capital commitments at the end of the year. 17. Employees There were no employees with emoluments exceeding £60,000. The directors did not receive any remuneration for their services during the year. 2022 2021 Average number of employees 18. Directors, Expenses There were no directors, expenses paid during the year. li