## **Cheeky Monkeys Play Group** **Charity No. 1139852** **Trustees' Report and Unaudited Accounts** **31 August 2021** **Cheeky Monkeys Play Group Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Statement of Cash flows|13| |Notes to the Accounts|7 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 2021. ## **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: J. Rowell 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 The impact of Covid-19 has meant the nursery had extended period of closure due to both legal requirement to close and due to the effects of Covid on staffing levels. These effects of Covid on operations have been successfully managed. 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 24 May 2022 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 financial statements of Cheeky Monkeys Play Group for the year ended 31 August 2021 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 financial statements 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 financial statements 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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Dr R J S Mollan Institute of Financial Accountants (IFA) Mollan & Co Accountants Ltd Holtby Manor Stamford Bridge Road Dunnington York YO19 5LL 24 May 2022 Page 4 **Cheeky Monkeys Play Group Statement of Financial Activities for the year ended 31 August 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Investments
5
Other
6
**Total**
**Expenditure on:**
Other
7
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**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**|**Total funds**|**Total funds**| |---|---|---|---|---| |||**2021**|**2021**|**2020**| |||**£**|**£**|**£**| |||||| |||-|-|(1)| |||85,981|85,981|85,587| |||2|2|10| |||6,689|6,689|-| |||92,672|92,672|85,596| |||||| |||86,257|86,257|96,602| |||86,257|86,257|96,602| |||-|-|-| |||6,415|6,415|(11,006)| |||-|-|-| |||6,415|6,415|(11,006)| |||||| |||6,415|6,415|(11,006)| |||||| |||69,969|69,969|80,975| |||76,384|76,384|69,969| |||||| |||||| |||||| Page 5 **Cheeky Monkeys Play Group Balance Sheet** ## **at 31 August 2021** |**Charity No. 1139852**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
**Creditors:**Amount falling due within one year
11
**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**
12
**Unrestricted funds**
12
General funds
**Reserves**
12
**Total funds**
Approved by the trustees on 24 May 2022|**2021**
**£**
-
-
83,283
83,283
(6,899)
76,384
76,384
76,384
76,384
76,384
76,384
76,384|**2020**
**£**
-
591
69,447| |---|---|---| |||70,038
(69)| |||69,969
69,969| |||69,969| |||69,969| |||69,969| |||69,969| |||69,969| |||| And signed on their behalf by: E.L. Thompson Trustee 24 May 2022 Page 6 **Cheeky Monkeys Play Group Notes to the Accounts** ## **for the year ended 31 August 2021** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income 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 Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional 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 is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) 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/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **Cheeky Monkeys Play Group Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure 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, 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 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. ## **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 Activities 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 allowing for any trade discounts due. Page 8 **Cheeky Monkeys Play Group Notes to the Accounts** ## **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. ## **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 **Statement of Financial Activities - prior year** |**Income and endowments from:**
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**
**2020**
**£**
85,587
10
85,597
96,602
96,602
(11,005)
(11,005)
(11,005)
80,975
69,970
**Total**
**2021**
**£**
-
-|**Total funds**
**2020**
**£**
85,587
10| |---|---|---| |||85,597
96,602| |||96,602| |||(11,005)| |||(11,005)| |||(11,005)
80,975| |||69,970| |||**Total**
**2020**
**£**
(1)| |||(1)| Page 9 **Cheeky Monkeys Play Group Notes to the Accounts** ## 4 **Income from charitable activities** |5
**Income from investments**
6
**Other income**
7
**Other expenditure**
Employee costs
Premises costs
General administrative costs
Legal and professional costs
8
**Staff costs**
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
9
**Tangible fixed assets**
**TFA 2**|**Unrestricted**
**£**
85,981
85,981
**Unrestricted**
**£**
2
2
**Unrestricted**
**£**
6,689
6,689|**Total**
**2021**
**£**
85,981
85,981
**Total**
**2021**
**£**
2
2
**Total**
**2021**
**£**
6,689
6,689|**Total**
**2020**
**£**
85,587| |---|---|---|---| ||||85,587| ||||**Total**
**2020**
**£**
10| ||||10| ||||**Total**
**2020**
**£**
-| ||||-| ||||| ||**Unrestricted**
**£**
73,200
9,283
1,854
1,920
86,257
**2021**
71,481
891
72,372|**Total**
**2021**
**£**
73,200
9,283
1,854
1,920
86,257
**TFA 4**|**Total**
**2020**
**£**
73,341
19,290
2,450
1,521| ||||96,602| ||||**2020**
70,631
950| ||||71,581| ||||**Total**| ||**TFA 3**||| Page 10 **Cheeky Monkeys Play Group Notes to the Accounts** 10 **Debtors** |Other debtors
11 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
12 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
13 **Analysis of net assets between funds**
Net current assets
14 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1**
**September**
**2020**
69,969
69,969|**2021**
**£**
-
-
**2021**
**£**
370
6,529
6,899
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
92,672
92,672
**Unrestricted**
**funds**
**£**
(5,548)
(5,548)
**At 1**
**September**
**2020**
**£**|**Resources**
**expended**
**£**
(86,257)
(86,257)
**Restricted**
**funds**
**£**
81,932
81,932
**Cash flows**
**£**|**2020**
**£**
591| |---|---|---|---|---| |||||591| |||||**2020**
**£**
69
-| |||||69| |||||**At 31**
**August**
**2021**
**£**
76,384| |||||76,384| |||||**Total**
**£**
76,384| |||||76,384| |||||**At 31**
**August**
**2021**
**£**| |||69,447|13,836|83,283| |||69,447
69,447|13,836
13,836|83,283| |||||83,283| |||||| Page 11 **Cheeky Monkeys Play Group Notes to the Accounts** ## 15 **Commitments** ## _**Operating lease commitments**_ Annual commitments under non-cancellable operating leases are as follows: ||**2021**|**2021**|**2020**|**2020**| |---|---|---|---|---| ||**Land and**
**buildings**|**Other**|**Land and**
**buildings**|**Other**| ||**£**|**£**|**£**|**£**| |Operating leases with expiry date:||||| |**_Pension commitments_**||||| |||**2021**||**2020**| |||**£**||**£**| |The pension cost charge to the charity||||| |amounted to:||891||950| Page 12 **Cheeky Monkeys Play Group Statement of Cash flows for the year ended 31 August 2021** |**Cash flows from operating activities**
**Net income/(expenditure) per Statement of Financial Activities**
**Adjustments for:**
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Increase/(Decrease) in trade and other payables
**Net cash provided by/(used in) operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase/(decrease) in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2021**
**£**
6,415
(6,691)
591
6,830
7,145
6,691
6,691
-
13,836
69,447
83,283|**2020**
**£**
(11,005)
(10)
(591)
(657)| |---|---|---| |||(12,263)
10| |||10| |||| |||-| |||| |||(12,253)| |||81,701| |||69,448| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|83,283|69,447| |||| ||83,283|69,447| Page 13 **Cheeky Monkeys Play Group Detailed Statement of Financial Activities** ## **for the year ended 31 August 2021** |**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
Other
**Total income and endowments**
**Expenditure on:**
Employee costs
Salaries/wages
Pension costs
Staff entertainment
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|**Unrestricted**
**funds**
**2021**
**£**
-
-
85,981
85,981
2
2
6,689
6,689
92,672
71,481
891
214
614
73,200
1,400
180
430
7,273
9,283
-
32
105
464
485
768
1,854|**Total funds**
**2021**
**£**
-
-
85,981
85,981
2
2
6,689
6,689
92,672
71,481
891
214
614
73,200
1,400
180
430
7,273
9,283
-
32
105
464
485
768
1,854|**Total funds**
**2020**
**£**
(1)| |---|---|---|---| ||||(1)| ||||85,587| ||||85,587| ||||10| ||||10| ||||-| ||||-| ||||85,596
70,631
950
-
1,760| ||||73,341| ||||2,800
707
270
15,513| ||||19,290| ||||155
65
30
476
820
904| ||||2,450| ||||| Page 14 **Cheeky Monkeys Play Group Detailed Statement of Financial Activities** |**Cheeky Monkeys Play Group**
**Detailed Statement of Financial Activities**|||| |---|---|---|---| |Audit/Independent examination
fees
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income/(expenditure)**
**Net income/(expenditure) before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|1,920
1,920
86,257
86,257
-
6,415
6,415
-
6,415
69,969
76,384|1,920
1,920
86,257
86,257
-
6,415
6,415
-
6,415
69,969
76,384|1,521| ||||1,521| ||||| ||||96,602| ||||96,602
-| ||||(11,006)| ||||(11,006)
-| ||||(11,006)| ||||80,975| ||||69,969| Page 15