Cheeky Monkeys Play Group
Charity No. 1139852
Trustees' Report and Unaudited Accounts
31 August 2022
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 2022.
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 23 February 2023
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 2022 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 23 February 2023
Page 4
Cheeky Monkeys Play Group Statement of Financial Activities for the year ended 31 August 2022
| Notes Income and endowments from: Charitable activities 3 Investments 4 Other 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 |
Total funds | Total funds | |
|---|---|---|---|---|
| 2022 | 2022 | 2021 | ||
| £ | £ | £ | ||
| 98,547 | 98,547 | 85,981 | ||
| 2 | 2 | 2 | ||
| 135 | 135 | 6,689 | ||
| 98,684 | 98,684 | 92,672 | ||
| 121,504 | 121,504 | 86,257 | ||
| 121,504 | 121,504 | 86,257 | ||
| - | - | - | ||
| (22,820) | (22,820) | 6,415 | ||
| - | - | - | ||
| (22,820) | (22,820) | 6,415 | ||
| (22,820) | (22,820) | 6,415 | ||
| 76,384 | 76,384 | 69,969 | ||
| 53,564 | 53,564 | 76,384 | ||
Page 5
Cheeky Monkeys Play Group Balance Sheet
at 31 August 2022
| Charity No. 1139852 Fixed assets Tangible assets 8 Current assets 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 Approved by the trustees on 23 February 2023 |
2022 £ - 61,248 61,248 (7,684) 53,564 53,564 53,564 53,564 53,564 53,564 53,564 |
2021 £ - 83,283 |
|---|---|---|
| 83,283 (6,899) |
||
| 76,384 76,384 |
||
| 76,384 | ||
| 76,384 | ||
| 76,384 | ||
| 76,384 | ||
| 76,384 | ||
And signed on their behalf by:
E.L. Thompson Trustee 23 February 2023
Page 6
Cheeky Monkeys Play Group Notes to the Accounts
for the year ended 31 August 2022
- 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.
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.
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.
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: Charitable activities Investments Other 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 charitable activities 4 Income from investments 5 Other income |
Unrestricted £ 98,547 98,547 Unrestricted £ 2 2 Unrestricted £ 135 135 |
Unrestricted funds 2021 £ 85,981 2 6,689 92,672 86,257 86,257 6,415 6,415 6,415 69,969 76,384 Total 2022 £ 98,547 98,547 Total 2022 £ 2 2 Total 2022 £ 135 135 |
Total funds 2021 £ 85,981 2 6,689 |
| 92,672 86,257 |
|||
| 86,257 | |||
| 6,415 | |||
| 6,415 | |||
| 6,415 69,969 |
|||
| 76,384 | |||
| Total 2021 £ 85,981 |
|||
| 85,981 | |||
| Total 2021 £ 2 |
|||
| 2 | |||
| Total 2021 £ 6,689 |
|||
| 6,689 |
Page 9
Cheeky Monkeys Play Group Notes to the Accounts
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 8 Tangible fixed assets 9 Creditors: amounts falling due within one year Trade creditors Other taxes and social security 10 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds |
of £60,000. | Unrestricted £ 84,929 31,226 2,236 3,113 121,504 2022 82,937 1,093 84,030 |
Total 2022 £ 84,929 31,226 2,236 3,113 121,504 TFA 4 Resources expended £ (121,504) (121,504) |
Total 2021 £ 73,200 9,283 1,854 1,920 |
|---|---|---|---|---|
| 86,257 | ||||
| 2021 71,481 891 |
||||
| 72,372 | ||||
| Total 2021 £ 370 6,529 |
||||
| TFA 2 | TFA 3 | |||
| At 1 September 2021 76,384 76,384 |
2022 £ 413 7,271 7,684 Incoming resources (including other gains/losses ) £ 98,684 98,684 |
|||
| 6,899 | ||||
| At 31 August 2022 £ 53,564 |
||||
| 53,564 |
Page 10
Cheeky Monkeys Play Group Notes to the Accounts
11 Analysis of net assets between funds
| 11 Analysis of net assets between funds | |||
|---|---|---|---|
| Net current assets 12 Reconciliation of net debt Cash and cash equivalents Net debt |
Unrestricted funds £ (6,332) (6,332) At 1 September 2021 £ |
Restricted funds £ 59,896 59,896 Cash flows £ |
Total £ 53,564 |
| 53,564 | |||
| At 31 August 2022 £ |
|||
| 83,283 | (22,035) | 61,248 | |
| 83,283 83,283 |
(22,035) (22,035) |
61,248 | |
| 61,248 | |||
| 13 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases 2022 Land and buildings £ Operating leases with expiry date: Pension commitments The pension cost charge to the charity amounted to: |
are as follows: 2022 Other £ 2022 £ 1,093 |
2021 Land and buildings £ |
2021 Other £ 2021 £ 891 |
Page 11
Cheeky Monkeys Play Group Statement of Cash flows for the year ended 31 August 2022
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Decrease in trade and other receivables Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase 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 |
2022 £ (22,820) (137) - 785 (22,172) 137 137 - (22,035) 83,283 61,248 |
2021 £ 6,415 (6,691) 591 6,830 |
|---|---|---|
| 7,145 6,691 |
||
| 6,691 | ||
| - | ||
| 13,836 | ||
| 69,447 | ||
| 83,283 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 61,248 | 83,283 |
| 61,248 | 83,283 |
Page 12
Cheeky Monkeys Play Group Detailed Statement of Financial Activities
for the year ended 31 August 2022
| Income and endowments from: 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 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 Other legal and professional costs |
Unrestricted funds 2022 £ 98,547 98,547 2 2 135 135 98,684 82,937 1,093 - 899 84,929 15,003 737 186 15,300 31,226 36 285 607 448 860 2,236 1,887 1,226 |
Total funds 2022 £ 98,547 98,547 2 2 135 135 98,684 82,937 1,093 - 899 84,929 15,003 737 186 15,300 31,226 36 285 607 448 860 2,236 1,887 1,226 |
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 | |||
| 1,920 - |
Page 13
Cheeky Monkeys Play Group Detailed Statement of Financial Activities
| Cheeky Monkeys Play Group Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Total of expenditure of other costs 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 |
3,113 121,504 121,504 - (22,820) (22,820) - (22,820) 76,384 53,564 |
3,113 121,504 121,504 - (22,820) (22,820) - (22,820) 76,384 53,564 |
1,920 |
| 86,257 | |||
| 86,257 - |
|||
| 6,415 | |||
| 6,415 - |
|||
| 6,415 | |||
| 69,969 | |||
| 76,384 |
Page 14