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2020-08-31-accounts

Cheeky Monkeys Play Group

Charity No. 1139852

Trustees' Report and Unaudited Accounts

31 August 2020

Cheeky Monkeys Play Group Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5 to 6
Balance Sheet 7
Statement of Cash flows 13
Notes to the Accounts 8 to 12
Detailed Statement of Financial Activities 14 to 15

Page 1

Cheeky Monkeys Play Group Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1139852

Principal Office

c/o Westfield Community Primary School Askham Lane Acomb YO24 3HP

Trustees

The following Trustees served during the year:

H. Adie M. Galloway S. Littlechild J. Pavif E.L. Thompson R.S. Walker

Accountants

Mollan & Co Accountants Ltd Holtby Manor Stamford Bridge Road Dunnington York YO19 5LL

OBJECTIVES AND ACTIVITIES

To Offer quality childcare for children from the age of 2 years in a safe stimulating environment with highly trained members of staff.

The setting offers government funded spaces for 2 year olds if the family meet certain criteria. 15 hours funding is available for all 3 to 4 year olds with additional 15 hours funding for eligible families.

ACHIEVEMENTS AND PERFORMANCE

The setting gained an outstanding rating from Ofsted in June 2015 which enables the setting to offer funded places for children (setting must be good or above to offer funded places). The setting has moved to within the school they are housed which allows them to offer more places for children and their families. By offering funded places for 2 year olds the setting has found they are able to make a greater impact on the child's development from their young age. With regards to early intervention, if there is a concern over a childs development the setting is able to get extra support at an early stage. This enables each child to reach their full potential. the setting has a substantial waiting list which see a steady flow of children gaining access to the setting

Page 2

Cheeky Monkeys Play Group Trustees Annual Report

FINANCIAL REVIEW

The organisation has a healthy bank balance and no outstanding debtors

STRUCTURE, GOVERNANCE AND MANAGEMENT

Type of governing document - Constitution

All trustees are voted on to the committe and also for the positon they hold

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

E.L. Thompson Trustee 31 August 2020

Page 3

Cheeky Monkeys Play Group Independent Examiners Report

Independent Examiner's Report to the trustees of Cheeky Monkeys Play Group

I report to the trustees on my examination of the accounts of Cheeky Monkeys Play Group for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 that in, any material respect:

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 accounts to be reached.

Dr R J S Mollan

Institute of Financial Accountants (IFA) Mollan & Co Accountants Ltd

Holtby Manor Stamford Bridge Road Dunnington York YO19 5LL 31 August 2020

Page 4

Cheeky Monkeys Play Group Statement of Financial Activities

for the year ended 31 August 2020

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total
Expenditure on:
Other
6
Total
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2020
£
-
85,587
10		 Total funds
2020
£
-
85,587
10		 Total funds
2019
£
2
87,267
11
85,597
96,602		 85,597
96,602		 87,280
83,748
96,602
-		 96,602
-		 83,748
-
(11,005)
-		 (11,005)
-		 3,532
-
(11,005) (11,005) 3,532
(11,005)
80,975		 (11,005)
80,975		 3,532
77,443
69,970 69,970 80,975

Page 5

Cheeky Monkeys Play Group Balance Sheet

at 31 August 2020

Charity No. 1139852
Fixed assets
Tangible assets
Current assets
Debtors
8
Cash at bank and in hand
Creditors:Amount falling due within one year
9
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
10
Unrestricted funds
10
General funds
Reserves
10
Total funds		 2020
£
-
591
69,448
70,039
(69)
69,970
69,970
69,970
69,970
69,970
69,970
69,970		 2019
£
-
-
81,701
81,701
(726)
80,975
80,975
80,975
80,975
80,975
80,975
80,975

Approved by the trustees on 31 August 2020

And signed on their behalf by:

E.L. Thompson Trustee 31 August 2020

Page 6

Cheeky Monkeys Play Group Notes to the Accounts

for the year ended 31 August 2020

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

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 accounts for previous years.

Fund accounting

Income

Page 7

Cheeky Monkeys Play Group Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure 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 attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs 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. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

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.

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 allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses 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 charity in independently administered funds.

Page 8

Cheeky Monkeys Play Group Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies		 Unrestricted
funds
2019
£
2
87,267
11
87,280
83,748
83,748
3,532
3,532
3,532
77,443
80,975
Total
2020
£
-
-		 Total funds
2019
£
2
87,267
11
87,280
83,748
83,748
3,532
3,532
3,532
77,443
80,975
Total
2019
£
2
2
4
Income from charitable activities		 Unrestricted
£		 Total
2020
£
85,587
85,587		 Total
2019
£
87,267
85,587
85,587 87,267

Page 9

Cheeky Monkeys Play Group Notes to the Accounts

5 Income from investments

6
Other expenditure
Employee costs
Premises costs
General administrative costs
Legal and professional costs
7
Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
8
Debtors
Other debtors
9
Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security		 Unrestricted
£
10		 Total
2020
£
10
10
Total
2020
£
73,341
19,290
2,450
1,521
96,602		 Total
2019
£
11
10 11
Unrestricted
£
73,341
19,290
2,450
1,521		 Total
2019
£
62,890
16,546
2,874
1,438
96,602 83,748
70,631
950		 60,846
1,550
71,581 62,396
2020
£
591		 2019
£
-
591 -
2020
£
69
-		 2019
£
87
639
69 726

Page 10

Cheeky Monkeys Play Group Notes to the Accounts

10 Movement in funds

At 1
Septembe
r 2019
Incoming
resources
(including
other
gains/losses)
Resources
expended
£
£
Restricted funds:
Unrestricted funds:
General funds
80,975
85,597
(96,602)
Revaluation Reserves:
Total funds
80,975
85,597
(96,602)
11 Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
£
£
Net current assets
3,368
66,602
3,368
66,602
12 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2020
2020
2019
Land and
buildings
Other
Land and
buildings
£
£
£
Operating leases with expiry date:
Pension commitments
2020
£
The pension cost charge to the charity
amounted to:
950		 At 31
August
2020
£
69,970
69,970
Total
£
69,970
69,970
2019
Other
£
2019
£
1,550

Page 11

Cheeky Monkeys Play Group Detailed Statement of Financial Activities

for the year ended 31 August 2020

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total income and endowments
Expenditure on:
Employee costs
Salaries/wages
Pension costs
Staff training
Premises costs
Rent
Rates
Premises cleaning
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Total of expenditure of other costs		 Unrestricted
funds
2020
£
-
-
85,587
85,587
10
10
85,597
70,631
950
1,760
73,341
2,800
707
270
15,513
19,290
155
65
30
476
820
904
2,450
1,521
1,521
96,602		 Total funds
2020
£
-
-
85,587
85,587
10
10
85,597
70,631
950
1,760
73,341
2,800
707
270
15,513
19,290
155
65
30
476
820
904
2,450
1,521
1,521
96,602		 Total funds
2019
£
2
2
87,267
87,267
11
11
87,280
60,846
1,550
494
62,890
4,319
-
-
12,227
16,546
719
35
253
505
1,104
258
2,874
1,438
1,438
83,748

Page 12

Cheeky Monkeys Play Group Detailed Statement of Financial Activities

Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 80,975
69,970		 -
-		 96,602
-
(11,005)
(11,005)
-
(11,005)
-
-		 96,602
-
(11,005)
(11,005)
-
(11,005)
80,975
69,970		 83,748
-
3,532
3,532
-
3,532
77,443
80,975

Page 13