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2023-05-31-accounts

Little People UK

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

for the year ended

31 May 2023

Registered Charity Number 1161274 Little People UK

Contents
Page
Charity Reference and Administrative Details 1
Trustees' Annual Report 2 - 5
Independent Examiner's report 6
Statement of Financial Activities 7
Balance sheet 8
Notes to the financial statements 9 - 14
Detailed Statement of Financial Position 15 - 16

Little People UK

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS for the year ended 31 May 2023

Trustees Andrew Smith (Chair)
Stuart Walker
Kay Kelly
Jayne Hill
Charlie McGreal
Danielle Webb
Laura Smith
Andrew Moyes
Charity Registered
Number 1161274
Registered Office PO Box 1292
Peterborough
PE2 2NT
Administrator Rebecca Nuttall
Accountants Duncan and Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

1

Little People UK TRUSTEES ’ ANNUAL REPORT for the year ended 31 May 2023

The Trustees present their annual report together with the financial statements of Little People UK (the Charity) for the year ended 31 May 2023. The Trustees confirm that the Annual report and financial statements of the Charity comply with the current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).

Change of status

On 1[st] of June 2018 the charity converted to a Charitable Incorporated Organisation (CIO). The charity was previously an unincorporated charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. Constitution

Little People UK is governed by our constitution, adopted on 1 June 2018. This was written following the guidance of and to comply with the charity commission.

The principal object of Little People UK is to provide friendship and support to people with dwarfism, their families and friends, and help build a positive future for those individuals.

b. Method of appointment or election of Trustees

The management of Little People UK is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed, forming a committee.

It is such that there are currently 8 trustees, all of who are nominated to join the committee prior to the annual general meeting and then subsequently voted on to the committee by Little People UK members during the annual general meeting. Each trustee effectively resigns from the committee at the annual general meeting, requiring nomination and election for a subsequent term.

c. Policies adopted for the induction and training of Trustees

The charity provides new Council of Management members with an induction pack and mentoring from the Chair.

d. Organisational structure and decision making

Currently, there are 8 Trustees, including a Chair, Vice Chair, Secretary and Treasurer. All decisions are put to the vote at committee meetings or via poll using email.

e. Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

2

Little People UK TRUSTEES’ ANNUAL REPORT continued… for the year ended 31 May 2023

Key objectives and priorities -

Activities for achieving objectives

Little People UK have seen some major changes in the trustees board over the last 12 months, however the current trustees have been quick to adapt to the new roles and positions. Taking the opportunity to develop some new online sessions, organise our two annual events and make plans for the next 12 months and beyond.

Online workshops and discussion groups

The subscription of a Zoom account has continued to provide the flexibility to connect our membership across the UK with each other in a virtual capacity. Throughout the year we have delivered weekly and monthly sessions via Zoom in order to provide emotional, educational and social support. For example: LPUK Book Club, LPUK Youth Group and LPUK Mum’s Group, we have also introduced a number of social media groups such as: LPUK Gardening Club and LPUK Mum’s Group, whilst developing a regular schedule of dail y posts to increase engagement to the wider community online.

Regional Meetings

We held a Regional Meeting in Southend-on-Sea as a taster for how to develop such activities in the future, we had a number of new family’s attend were appraised at how accessible regional meetings are.

Trustee Zoom meetings

LPUK Trustee meetings have continued to take place online, as it provided a convenient way for the board of trustees to meet regularly to introduce and progress a number of important projects. This method of working is proving to be exceptionally efficient in terms of time and finances and will continue for the foreseeable.

Membership database

After recognising that our membership database was outdated and provided little demographic information, we have developed and introduced a new membership database to gather improved information, more versatile for our needs to help secure funding and allow us to identify the areas of focus to support our members.

Information booklets

We have revisited the development of our hospital information guidebooks, with inclusion of the membership, to ensure the information we provide is accurate and up to date with the community of today. We have some work to do on these, however we have good foundations to continue the progress in the coming years.

Training

Trustees have attended training events through High Speed Training, online training sessions focusing on Data Protection, Safeguarding and Mental Wellbeing, developing skills in all these areas to ensure we can offer appropriate support, whilst also being able to signpost other professional bodies if necessary. Trustees also continued to attend sessions by NICE, to learn about the procedure by which new drugs developed would be regulated for people with dwarfism, which is currently a pertinent issue within the community.

3

Little People UK TRUSTEES’ ANNUAL REPORT continued… for the year ended 31 May 2023

Networking and collaborations

Working online has helped us develop and form a number of connections with organisations both across the UK and worldwide, for example: we have continued our work with Peterborough Physical Disability Partnership Boards being involved in conversation regarding Hate Crime and making the physical surroundings more suitable for people with a wide range of disabilities including dwarfism. We have connected with members of MET Police to discuss how they can support our members in terms of Hate Crime, raising awareness of dwarfism and improving society opinions of people with dwarfism. We have also continued our connections with Changing Faces to support each other in the process of raising awareness of people with physical differences and promoted their workshops, which will be of benefit to our members. We have offered guidance to the tv show Hollyoaks, to support one of our members in their workplace to ensure it was a safe a comfortable environment, whilst also advising on the scripts to ensure the representation of people with dwarfism was accurate, from this we have developed a Media Guidance booklet which can be used should we get any other media enquiries of this nature.

Business Plan development

We have developed our business plan to a more structured and formal document to represent the growing organisation, focussing our plans for future and ensure this is reviewed at our monthly trustee meetings.

Fundraising

Our funding comes totally from members, since COVID there has been a huge impact on our fundraising activities. However, in the last 12 months we have worked hard to promote the need for fundraising and encourage members to take on opportunities, providing ideas and support, whilst also sharing those undertaking activities.

Plans for the future

Developing a sustainable and diverse funding base remains a key priority, with an annual business plan, budget forecast and plans for a new membership database, the board feel the future is positive. We have planned an online schedule for the LPUK Youth Group and will continue discussions to develop other groups as and when they are suitable. We also plan on developing our Regional Meetings to offer something for more members around the UK. Improving awareness of dwarfism also continues to be a priority and the Hospital Guidance project is an amazing opportunity for LPUK to raise awareness, along with our plans to work collaboratively with other dwarfism charities, along with other organisations who can support and guide us through projects and development into the future.

4

Little People UK TRUSTEES’ ANNUAL REPORT continued… for the year ended 31 May 2023

Trustees ’ responsibilities statement

The trustees (who are also the directors of Little People UK for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

17/2/24

This report was approved by the Trustees on ……………………………….. and signed on their behalf by:

Stuart Walker, Treasurer

5

Little People UK

INDEPENDENT EXAMINER’S REPORT

for the year ended 31 May 2023

Independent examiner's report to the Trustees of Little People UK

I report to the charity trustees on my examination of the financial statements of the Charity for the year ended 31 May 2023 which are set out on pages 7 to 16.

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’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records ; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.

Signed:

Dated: 19 February 2024

Alistair Main FCA Duncan and Toplis Limited Enterprise Way Pinchbeck Spalding Lincolnshire PE11 3YR

6

LITTLE PEOPLE UK

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 May 2023

2023 2021 2
Unrestricted Total funds Total funds
funds Restricted fund
£ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 23,358 - 23,358 15,017
Charitable activities 3 26,210 - 26,210 25,146
Other trading activities 4 603 - 603 984
Investment income 5 486 - 486 7
Other income 6 819 - 819 96
51,476 - 51,476 41,250
EXPENDITURE ON
Raising funds 125 - 125 414
Charitable activities 7 74,682 - 74,682 40,236
Other 5,547 - 5,547 6,220
Total 80,354 - 80,354 46,870
NET (EXPENDITURE) (28,878) - (28,878) (5,620)
RECONCILIATION OF FUNDS
Total funds brought forward 100,125 - 100,125 105,745
TOTAL FUNDS CARRIED FORWARD 71,247 - 71,247 100,125

All income and expenditure derive from continuing activities.

7

LITTLE PEOPLE UK BALANCE SHEET at 31 May 2023

Note
Current assets
Stock
Cash at bank
Creditors:amounts falling due within
one year
11
Net current assets
Net assets
Charity funds
Unrestricted funds
12
Total funds		 £
3,629
69,283
(1,665)		 2023
£
72,912
71,247
71,247
71,247
71,247		 £
2,007
99,481
(1,463)		 2022
£
101,488
100,125
100,125
100,125
100,125

The financial statements were approved and authorised for issue by the Trustees on ………………………………. and signed on their behalf, by:

Stuart Walker, Treasurer

The notes on pages 9 to 14 form part of these financial statements.

8

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 May 2023

LITTLE PEOPLE UK

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.1 GENERAL INFORMATION AND BASIS OF PREPARATION

Little People UK is a Charitable Incorporated Organisation whose principle office is in England. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the Charity’s operations and principal activities are to provide friendship and support to people with dwarfism, their families and friends, and help build a positive future for those individuals.

The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the Charity and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

As of 1 June 2018, the charity has converted to a Charitable Incorporated Organisation with all assets of the existing charity transferred to this new entity.

1.2 FUNDS

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

1.3 INCOME RECOGNITION

All incoming resources are included in the Statement of Financial Activities (SoFA) when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the date of the submission of the claim.

9

LITTLE PEOPLE UK NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 May 2023

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

1.4 EXPENDITURE RECOGNITION

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.5 DEBTORS AND CREDITORS RECEIVABLE / PAYABLE WITHIN ONE YEAR

Debtors are recognised when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.

Creditors are recognised when the Charity has a present legal or constructive obligation resulting from a past event and the settlement is expected to result in an outflow of economic benefits.

1.6 FINANCIAL INSTRUMENTS

The Charity holds basic financial instruments.

Section 11.35 of FRS102 SORP 2015 for basic financial instruments requires an entity to disclose the carrying amounts of its financial assets and financial liabilities at the reporting date.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Liabilities - accruals will be classified as financial instruments and are measured at amortised cost.

1.7 GOING CONCERN

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

1.8 STOCK

Valuation and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow-moving items. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing valuation to their present location and condition.

10

NOTES TO THE FINANCIAL STATEMENTS continued For the year ended 31 May 2023

LITTLE PEOPLE UK

1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

1.9 JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognized in the financial statements:

Basis of valuation of financial instruments.

2. DONATIONS AND LEGACIES

Fundraiser
Donations
3.
CHARITABLE ACTIVITIES
Convention fees
LPUK birthday party
Membership fees
Events
Loan scheme
4.
OTHER TRADING ACTIVITIES
Sales of merchandise
5.
INVESTMENT INCOME
Deposit account interest		 2023
£
18,142
5,216
23,358
2023
£
22,195
2,885
490
-
640
26,210
2023
£
603
603
2023
£
486
486		 2022
£
11,249
3,768		 2022
£
11,249
3,768
15,017
2022
£
950
21,771
20
-
2,405
25,146
2022
£
984
984
2022
£
7
7
2022
£
984
984
2022
£
7
7

11

NOTES TO THE FINANCIAL STATEMENTS continued… For the year ended 31 May 2023

LITTLE PEOPLE UK

6. OTHER INCOME

2023
£
Sundry income
819
819
7.
EXPENDITURE
Direct costs
Support costs
(See note 8)
£
£
Raising funds
125
-
Charitable activities
74,682
-
Other
1,559
3,988
76,366
3,988
8.
SUPPORT COSTS
Other
Governance
costs
£
£
Meeting expenses
882
-
Postage and stationery
Telephone
147
138
-
-
Insurance
-
593
Data protection
-
-
Sundry
1,148
-
Accountancy and professional fees
-
1,080
Justgiving
-
-

7,315
1,673
9.
STAFF COSTS
Staff costs were as follows:
2023
2022
£
£
Wages
18,354
18,084
Social Security
3,243
1,664
Pension
462
425
2 2,059 20,173		 2022
£
96
96
Totals
£
125
74,682
5,547
80,354
Totals
£
882
147
138
593
-
1,148
1,080
-
3,988

12

NOTES TO THE FINANCIAL STATEMENTS continued… For the year ended 31 May 2023

LITTLE PEOPLE UK

The average monthly number of employees during the year as follows:

2023 2022 No No 1 1

No employee received remuneration amounting to more than £60,000 in either year.

10. TRUSTEES' AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES

The Trustees nether received nor waived any remuneration in the year (2022 - £Nil).

The total amount of employee benefits received by key management personnel is £22,059 (2022 - £20,173). The Charity consider its key management personnel comprise the Trustees as named on page 1 and the Charity's administrator.

During the year, eight Trustees received reimbursement expenses of £1,074 (2022 - one trustee received reimbursement expenses of £704).

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
Other creditors
Payee & NIC Creditor
Net wages
Total		 2023
£
1080
165
420
-
1,665		 2022
£
990
83
390
-
1,463

12. STATEMENT OF FUNDS

UNRESTRICTED FUNDS
General fund		 Brought
Carried
forward
Income
Expenditure
forward
£
£
£
£
100,125
51,476
(80,354)
71,247

13

LITTLE PEOPLE UK

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 May 2023

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
Net current assets
71,247
-
Total
71,247
-		 2023
£
71,247
71,247		 2022
£
71,247

71,247

14. RELATED PARTY TRANSACTIONS

There were no related party transactions in the year.

14

LITTLE PEOPLE UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 May 2023

All unrestricted

All unrestricted
INCOME AND ENDOWMENTS FROM
Donations and legacies
Fundraiser
Auction sales
Donations

Charitable activities
Convention fees
LPUK birthday party

Membership fees
Events
Loan scheme
Other trading activities
Sales of merchandise
Investment income:
Interest received
Other incoming resources

TOTAL RECEIPTS
PAYMENTS
Raising funds
Merchandise
Stock movement


Charitable activities:
Convention expenses
Event costs

Advertising and marketing
Hotel expenses
Mileage
Wages
Social Security

Birthday Party

Loan scheme
Pension (Nest)
Fundraising Costs

418
Web Hosting
 2023
£
18,142
-
5,216
23,358
22,195
2,885
490
-
640
26,210
603
486
819
51,476
1,747
(1,622)
125
46,844
-
-
-
277
18,354
3,243
5,236
-
462
266

-
74,682









15

LITTLE PEOPLE UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES continued…

For the year ended 31 May 2023

Other costs
Postage printing and stationery
Meeting expenses
Insurance
Data protection
Telephone
Justgiving
Sundry
Accountancy and professional fees
Web Costs
Training
Checks
TOTAL PAYMENTS
EXCESS PAYMENTS OVER RECEIPTS		 £
147
882
593
-
138
-
1,148
1,080
1440
-
119
5,547
80,354

(28,878)		 £
366
-
560
-
102
-
940
1,758
1,440
778
276
6,220
46,870
(5,620)

16