COMPANY REGISTRATION NUMBER: CHARITY REGISTRATION NUMBER: 1084011
Little Monkeys Company Limited by Guarantee Unaudited Financial Statements
31 December 2022
CLARE SMITH ACCOUNTANCY LTD
Hooley Bridge Mill Bamford Road Heywood OL10 4AG
Little Monkeys
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2022
| Page | |
|---|---|
| Trustee's annual report (incorporating the director's report) | 1 |
| Statement of financial activities (including income and | |
| expenditure account) | 2 |
| Statement of financial position | 3 |
| Statement of cash flows | 4 |
| Notes to the financial statements | 5 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
| Notes to the detailed statement of financial activities | 14 |
Little Monkeys
Company Limited by Guarantee
Trustee's Annual Report (Incorporating the Director's Report)
Year ended 31 December 2022
The trustee, who is also the director for the purposes of company law, presents his report and the unaudited financial statements of the charity for the year ended 31 December 2022.
Reference and administrative details
Registered charity name
Little Monkeys
Charity registration number 1084011
Company registration number
Principal office and registered
The trustee
Accountants
Clare Smith Accountancy Ltd Accountants Hooley Bridge Mill Bamford Road Heywood OL10 4AG
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustee's annual report was approved on 23 October 2023 and signed on behalf of the board of trustees by:
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Little Monkeys
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | – | 2,972 | 11,869 |
| Charitable activities | 6 | – | 41,049 | 27,083 |
| Other income | 7 | – | 271 | 208 |
| -------------- | ---------------------------- | ---------------------------- | ||
| Total income | – | 44,292 | 39,160 | |
| ============== | ============================ | ============================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | – | 34,373 | 26,026 |
| -------------- | ---------------------------- | ---------------------------- | ||
| Total expenditure | – | 34,373 | 26,026 | |
| ============== | ============================ | ============================ | ||
| -------------- | ---------------------------- | ---------------------------- | ||
| Net income and net movement in funds | – | 9,919 | 13,134 | |
| ============== | ============================ | ============================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 40,525 | 40,525 | 27,391 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| Total funds carried forward | 40,525 | 40,525 | 27,391 | |
| ============================ | ============================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 11 form part of these financial statements.
2
Little Monkeys
Company Limited by Guarantee
Statement of Financial Position
31 December 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 1,029 | 1,144 |
| Current assets | |||
| Debtors | 14 | 3,755 | – |
| Cash at bank and in hand | 46,055 | 40,007 | |
| ---------------------------- | ---------------------------- | ||
| 49,810 | 40,007 | ||
| Creditors: amounts falling due within one year | 15 | 395 | 626 |
| ---------------------------- | ---------------------------- | ||
| Net current assets | 49,415 | 39,381 | |
| ---------------------------- | ---------------------------- | ||
| Total assets less current liabilities | 50,444 | 40,525 | |
| ---------------------------- | ---------------------------- | ||
| Net assets | 50,444 | 40,525 | |
| ============================ | ============================ | ||
| Funds of the charity | |||
| Unrestricted funds | 40,525 | 27,391 | |
| ---------------------------- | ---------------------------- | ||
| Total charity funds | 16 | 40,525 | 27,391 |
| ============================ | ============================ |
For the year ending 31 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 23 October 2023, and are signed on behalf of the board by:
The notes on pages 5 to 11 form part of these financial statements.
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Little Monkeys
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 9,919 | 13,134 |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 471 | 381 |
| Accrued expenses | – | 120 |
| Changes in: | ||
| Trade and other debtors | (3,755) | – |
| Trade and other creditors | (231) | (36) |
| ------------------------ | ---------------------------- | |
| Cash generated from operations | 6,404 | 13,599 |
| ------------------------ | ---------------------------- | |
| Net cash from operating activities | 6,404 | 13,599 |
| ======================== | ============================ | |
| Cash flows from investing activities | ||
| Purchase of tangible assets | (356) | (480) |
| ------------------------ | ---------------------------- | |
| Net cash used in investing activities | (356) | (480) |
| ======================== | ============================ | |
| Net increase in cash and cash equivalents | 6,048 | 13,119 |
| Cash and cash equivalents at beginning of year | 40,007 | 26,888 |
| ---------------------------- | ---------------------------- | |
| Cash and cash equivalents at end of year | 46,055 | 40,007 |
| ============================ | ============================ |
The notes on pages 5 to 11 form part of these financial statements.
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is .
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustee for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
5. Donations and legacies
| Total Funds | Total Funds | |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Grants | ||
| Grants receivable type 1 | – | 9,669 |
| Other donations and legacies | ||
| Other donations and legacies type 1 | 2,972 | 2,200 |
| ------------------------ | ---------------------------- | |
| 2,972 | 11,869 | |
| ======================== | ============================ |
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
| 6. | Charitable activities | |||
|---|---|---|---|---|
| Total Funds | Total Funds | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Sale of goods/services as part of direct charitable activities | 41,049 | 27,083 | ||
| ============================ | ============================ | |||
| 7. | Other income | |||
| Total Funds | Total Funds | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Other income type 1 | 271 | 208 | ||
| ============== | ============== | |||
| 8. | Expenditure on charitable activities by fund type | |||
| Total Funds | Total Funds | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Activity type 1 | 34,373 | 26,026 | ||
| 9. | Expenditure on charitable activities by activity type | |||
| Activities | ||||
| undertaken | Total funds | Total fund | ||
| directly | 2022 | 2021 | ||
| £ | £ | £ | ||
| Activity type 1 | 34,373 | 34,373 | 26,026 | |
| ============================ | ============================ | ============================ | ||
| 10. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 471 | 381 | ||
| ============== | ============== | |||
| 11. | Staff costs | |||
| The total staff costs and employee benefits for the reporting period are analysed as | follows: | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Wages and salaries | 8,765 | 4,327 | ||
| ======================== | ======================== |
The average head count of employees during the year was 3 (2021: Nil).
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
12. Trustee remuneration and expenses
13. Tangible fixed assets
| Plant and | Fixtures and | |||
|---|---|---|---|---|
| machinery | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 January 2022 | 228 | 60 | 1,237 | 1,525 |
| Additions | – | – | 356 | 356 |
| -------------- | -------------- | ------------------------ | ------------------------ | |
| At 31 December 2022 | 228 | 60 | 1,593 | 1,881 |
| ============== | ============== | ======================== | ======================== | |
| Depreciation | ||||
| At 1 January 2022 | 57 | 15 | 309 | 381 |
| Charge for the year | 57 | 15 | 399 | 471 |
| -------------- | -------------- | ------------------------ | ------------------------ | |
| At 31 December 2022 | 114 | 30 | 708 | 852 |
| ============== | ============== | ======================== | ======================== | |
| Carrying amount | ||||
| At 31 December 2022 | 114 | 30 | 885 | 1,029 |
| ============== | ============== | ======================== | ======================== | |
| At 31 December 2021 | 171 | 45 | 928 | 1,144 |
| ============== | ============== | ======================== | ======================== | |
| Debtors | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Prepayments and accrued income | 3,755 | – | ||
| ======================== | ============== | |||
| Creditors: amounts falling due within | one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Trade creditors | 275 | 164 | ||
| Accruals and deferred income | 120 | 120 | ||
| Social security and other taxes | – | 342 | ||
| -------------- | -------------- | |||
| 395 | 626 | |||
| ============== | ============== |
14. Debtors
15. Creditors: amounts falling due within one year
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Little Monkeys
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2022
16. Analysis of charitable funds
Unrestricted funds
General funds
General funds
At 1 January 20 22 and 31 Decembe r 2022 £ 40,525 ============================ At 1 January 20 21 and 31 December 2021 £ 27,391 ============================
17. Analysis of changes in net debt
At At 1 Jan 2022 Cash flows 31 Dec 2022 £ £ £ Cash at bank and in hand 40,007 6,048 46,055 ============================ ======================== ============================
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Little Monkeys
Company Limited by Guarantee
Management Information
Year ended 31 December 2022
The following pages do not form part of the financial statements.
12
Little Monkeys
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Grants receivable | – | 9,669 |
| Other donations and legacies | 2,972 | 2,200 |
| ------------------------ | ---------------------------- | |
| 2,972 | 11,869 | |
| ------------------------ | ---------------------------- | |
| Charitable activities | ||
| Sale of goods/services as part of direct charitable activities | 41,049 | 27,083 |
| ---------------------------- | ---------------------------- | |
| Other income | ||
| Other income | 271 | 208 |
| -------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Total income | 44,292 | 39,160 |
| ============================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | 1,538 | 829 |
| Wages and salaries | 8,765 | 4,327 |
| Rent | 10,500 | 10,500 |
| Rates and water | 782 | 2,698 |
| Light and heat | 2,661 | 2,264 |
| Repairs and maintenance | 1,711 | 163 |
| Insurance | 2,139 | 200 |
| Other establishment | 1,052 | 991 |
| Other motor/travel costs | 820 | 34 |
| Legal and professional fees | 2,087 | 2,856 |
| Telephone | 738 | 490 |
| Other office costs | 1,110 | 290 |
| Depreciation | 470 | 384 |
| ---------------------------- | ---------------------------- | |
| 34,373 | 26,026 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 34,373 | 26,026 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 9,919 | 13,134 |
| ============================ | ============================ |
13
Little Monkeys
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Activity type 1 | ||
| Activities undertaken directly | ||
| Direct charitable activity 1 - purchases | 1,538 | 829 |
| Direct charitable activity 1 - wages/salaries | 8,765 | 4,327 |
| Direct charitable activity 1 - rent | 10,500 | 10,500 |
| Direct charitable activity 1 - rates & water | 782 | 2,698 |
| Direct charitable activity 1 - light & heat | 2,661 | 2,264 |
| Direct charitable activity 1 - repairs & maintenance | 1,711 | 163 |
| Direct charitable activity 1 - insurance | 2,139 | 200 |
| Direct charitable activity 1 - other establishment | 1,052 | 991 |
| Direct charitable activity 1 - other motor/travel costs | 820 | 34 |
| Direct charitable activity 1 - legal and professional fees | 2,087 | 2,856 |
| Direct charitable activity 1 - telephone | 738 | 490 |
| Direct charitable activity 1 - other office costs | 1,110 | 290 |
| Direct charitable activity 1 - depreciation | 470 | 384 |
| ---------------------------- | ---------------------------- | |
| 34,373 | 26,026 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 34,373 | 26,026 |
| ============================ | ============================ |
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