LIThLE ACORNS PLAYGROUP STATEMENT OF FINANCIAL AcfiviTIES (Incorporating Income and Expenditure Account) For the year ended 30 September 2023 Total Unrestrirted Restricted Funds Notes Funds Funds 2023 Total Funds 2022 Income and endowments from: Donations and legacies Other trading activities Charitable activities Total incoming resources 1,325 33,762 35,087 1,325 40,946 42,271 1,252 38,666 39,918 7,184 7,184 Expenditure on: Charitable activities Governance costs Total resources expended 45,061 1,084 46,145 9,030 54,091 1,084 55,175 45,920 1,312 47,232 9,030 Net Income/(expenditure) (11,058) (1,846) (12,904 7,314) Total funds brought forward 14 12,928 6,539 19,467 26,781 Total funds carried fonvard 14 1,870 4,693 6,563 19,467 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.
LITfLE ACORNS PLAYGROUP BALANCE SHEEf as at 30 September 2023 2023 2022 Notes Fixed Assets Tangible Assets 10 6,374 9,207 Current Assets Cash at Bank and in Hand 3,862 15.155 Creditors Net Current Assets 3,862 15,155 Total Assets less Current Liabilities 10,236 24,362 Accruals and deferred income 11 (3,673) 4,895) Net Assets 6,563 19,467 Funds Restricted Funds Unrestrirted Income Funds Total Charity Funds 1,870 4,693 6,563 6,539 12,928 19,467 14 For the financial year ended 30 September 2023 the company was entitled to exemption from audit under sectÉon 477 Companies Act 2006 relating to small companies. No member of the company has deposited a notice, pursuant to sertion 476, requiring an audit of these financial statements under the requirements of the Companies Act 2CK)6. 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 13 February 2024 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.
LIThLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Basis of Preparation 1.1 Accounting convention The financial statements are prepared under the historical cost convention with items recognised at cost 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 (as 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 Ltabilities 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 ser¢ices for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessaryto support them.
LIThLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (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 IOYO Straight Line 25% Straight Line Voluntary Income Total Unrestricted Restrirted Funds Funds Funds 2023 Total Funds 2022 Donations Activities for Generating Funds Total Unrestricted Restricted Funds Funds Funds 2023 Total Funds 2022 Fundraising efforts 1,325 1,325 1,325 1,325 1,252 1,252 Income from Charitable Activities Total Unrestrirted Restricted Funds Funds Funds 2023 Total Funds 2022 Fees Other Income Education Authority & Other Grants 1,300 1.300 2,209 191 39,646 36,266 40,946 38,666 32,462 33,762 7,184 7,184
LIThLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 20231CONTINUED) Costs dirertly attributable to charitable activities Total Unrestricted Restrirted Funds Funds Funds 2023 Total Funds 2022 Wages and related expenses Early Years Advisor Equipment Resources Training Repairs and Renewals Light and heat Water rates Telephone and postage Printing and stationery Bank charges Other expenses Depreciation Capital grant release 38,152 1,104 5,784 43.936 34,259 1,104 1,000 633 2,582 53 3,130 1,015 242 564 728 1,680 963 363 323 717 21 66 733 1,433 {1,222) 45,061 446 1,174 1,680 963 1,763 323 717 21 66 62 733 740 2,833 2,859 1,222 1,222) 54,091 45,920 1,400 1,400 9,030 Governance Costs Total Unrestricted Restricted Funds Funds Funds 2023 Total Funds 2022 Insurance Companies House fees Independent Examiner's fees 704 704 919 13 380 1,312 380 1,084 380 1,084 Net Incoming Resources 2023 2022 Net incoming resources is stated after charging: Depreciation of tangible assets and after crediting capital grant release 2,833 1,222 2,849 1,222
LITTLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONTINUED) Taxation The company is a Charity and is recognised as such by HMRC for taxation purposes (HMRC Charity Number XR 22757). 10. Tangible Fixed Assets Plant & Offlce Equipment Equipment Total Cost As at l October 2022 Additions As at 30 September 2023 39,558 11,537 51,095 39,558 11,537 51,095 Depreciation As at l October 2022 Charge for the year As at 30 September 2023 31,062 2,122 33,184 10,826 711 11,537 41,888 2,833 44,721 Net Book Value As at 30 September 2023 As at 30 September 2022 6,374 8,496 6,374 9,207 711 11. Accruals and Deferred Income 2023 2022 Capital grant reserve: Balance at start of year Capital grant released 4,895 (1,222) 3,673 6,117 (1,222) 4,895 12. Share Capital The company is limited by guarantee and therefore does not have a share capital. 10
LIThLE ACORNS PLAYGROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONTINUED) 14. Reconciliation of Movement in Funds Total Unrestricted Restricted Funds Funds Funds 2023 Total Funds 2022 Balance at l October 2022 (Deficit) for the year 12,928 6,539 19,467 26,781 (11,058) (1,846) (12,904 7,314 1,870 4,693 6,563 19,467 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. Capltal 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. 2023 2022 Average number of employees 18. Directors, Expenses There were no directors, expenses paid during the year. 11