Charity registration number 1181770
LITTLE LOUNGE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

LITTLE LOUNGE
CONTENTS
Page
Trustees. retx)rt
Independent examiner's report
Statement of financial activities
Balance sheet
Notes lo the financial slalemtrnls
8-25

LITTLE LOUNGE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordan￿ with the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021" (effective 1 January 20191.
Objectives and activities
Aim and Objectivas
Little Lounge's aim is to support and facilitate the wellbeing of residents of Cilfynydd and wider Pontypridd.
The Objects of the charity as set out in the 2019 Constitution are..
To advance in life and help children and young people through..
the provision of recreational and leisure lime activities provided in the interest of social welfare, designed to
improve their conditions of life.,
providing support and activities which develop their skills, capacities and capabilities to enable them to
participate in society as mature and responsible individuals.
To promote for the benefit of the inhabitants of Cilfynydd IRCTI and the surrounding area the provision of
facilities for recreation or other leisure lime occupation of individuals who have need of such facilities by reason
of their youth, age, infirmity or disablement, financial hardship or social and economic circumstsn￿s or for the
public al18rge in the interests of social welfare and with the object of improving the Condition of life of the said
inhabilanls.
Activities & Objectives Overview:
Iv
QbJooiL1: 'To advance in life and help children and young people...
Baby Group..
Weekly opportunity for local parents to interact, be supported and make friends. Opportunities for children in their
earfy years to gain social skills and experience sensory activities such as singing, movement, story-telling, role play.
messy play.
Outdoor Adventures..
Outdoor nature-based activities for children and parentslcarers to experience learning through play and exploration.
Providing access to outdoor play spaces where gardens and parks may be inaccessible.
Seasonal events..
Low-cost multi-sensory events for local families to enjoy e.g. Summer Family Fun Day with animal road show,
Pumpkin Patch and Outdoor Christmas Market.
Ob
eclive 2.. 'Inhabilanls of Cilfynydd of all ages... with the object of improving the condition of life of the said
inhabitants.
Community Pantry..
Weekly food distribution project, making fresh fruit, vegetables and bakery rftems available to the local community al
low cost.
Winter Warm Hub..
November-march 8 weekly drop-in session providing free hol drinks and soup. Free craft activities to promote well-
being and friendship.

LITTLE LOUNGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achlav8m8nts and ￿rfOrmanc￿
The year began with our regular Baby Group running weekly in the Community Centre, serving an average of 20
families each week, with a consistent team of five volunteers.
The Community Pantry continued lo serve residents of Cilfynydd with Iow-cost fresh fruit, vegetables and bakery
items, distributed through a partnership scheme with Fareshare and Tesco Extra. The Iruslees are grateful to
Beulah Baptist Church Cilfynydd for their generosity in allowing Little Lounge volunteers lo run the Pantry at their
hurch building during the ongoing renovations of The Basement venue.
The renovation project overran its eslimaled timesc4le significantly and was eventually completed in July 2023.
Significant logistical issues included sleel-framed windows being delayed in Eastem Europe and the positioning of
the Coffee Bar being loo Close in proximity lo the WC for Environmental Health stsndards. Th8nkfully, with advice
from the Environmental Health department, a resolution was found to relocate the coffee equipment to the
temporary kitchen area, and the Café was able to open for a soft launch in August 2023.
The trustees are thankful to Emma Haines for all the additional work she did on building storage shelves and setting
LJP the till system to ready The Basement for opening in September 2023.
A wonderful celebration evening was held at The Basement and attended by stsff and volunteers, funders, partners
and Cynon Valley MP, Beth Winter.
During the year The Basement has hosted many projects and activities including.. Eco Shop, Community Pantry,
Baby Group, Craft Club, Seasonal events, Winter Warm Hub, Half term children's activities, eventing workshops
and Seasonal events such as Pumpkin Patch and a Christmas Market.
Katie Hadley had lo make the difficult decision to not reopen the Baby Group in the Community Centre in
September 2023. Sadly, the group lost three key volunteers over the summer break and reopening in September
became an impossibility. The trustees agreed that focusing the staff and volunteer efforts on making The Basement
suc￿Ssful as a community venue was the main priority for this season.
The trustees would like to thank our partners..
Cilfynydd Community Centre
Rhondda Cynon Taf Council
Fareshare Cymru
Tesco Extra Upper Boat
Beulah Baptist Church, Cilfynydd
The trustees express their thanks lo Rhondda Cynon Taf CBC for their continued support of Little Lounge aclivilies,
in p8rti¢ular with the award of the Shared Prosperity Fund which has ¢onlribuled signifi¢anlly towards Little
Lounge's work for the period of 2023-2024.

LITTLE LOUNGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Results
The charity made an operational unrestricted surplus before transfers of £13,12412023.. £5,961 defi¢ill.
The ¢harity undertook phase 1 of the refurbishmtrnl of the bastrment during the year with Completion in July 2023.
Capital ¢osls incurred lotslled £24,763 12023.. £90.3571. A18rge portion of the ¢apitsl costs were covered by grant
funding.
Reserves policy
The trustees decided to maintsin a small financial reserve, approximately equivalent to the normal, predictable
outgoings in one month.
Al the year end the charity had £14,793 free reserves. The charity is able lo pay 115 liabilikn'es as they fall due and
has not identified any pinch points in ils cash flow over future periods.
structure. governance and management
Goveming document and structure
Little Lounge is a registered Charitable Incorporated Organisalion, the goveming document is the Conslilulion dated
21.1.2019.
Appointment of trustees
Appointment of trustees is done in accordan￿ with paragraph 10 of the Conslilulion
Organlsatlonal structur&
DLJring the accounting period all decisions were made by the board of trustees. Delegated responsibility is given to
the senior employees Katie Hadley, Charity Manager and Iduring her employment, which ended in January 20241
Emma Haines, Adminislration and Finance Manager.

LITTLE LOUNGE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reference and administrative details
Charlty nUM￿r
1181770
Principal offi¢e
Cilfynydd Community Centre
Howell Street
Pontypridd
CF37 4NR
Trustees
Suzanne Spooner
Elizabeth Comissiong
Peter Bevan - resigned 24104123
Helen Jones
Mark Pont- resigned 15105124
Key management personnel
Katie Hadley (Manager)
Emma Haines (Admin and Finance Managerl- resigned
08101124
Independent examiners
Azets Audit SeNices
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers
Santander
Fraternal Parade
Pontypridd
CF37 4UH
HSBC
92A Taff Street
Pontypridd
CF37 4UH
The trustees. report was approved by the Board of Trustees.
Suzanne Spooner (Trustee)
Dale..
.1611125.......................................

LITTLE LOUNGE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LirrLE LOUNGE
I report lo the Iruslees on my examination of the financial slalements of Little Lounge (the charilyl for the year
ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in a¢¢ordan¢e with
the requirements of the Charities Act 2011 (the 2011 Act}.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515llbl of the 2011 Act.
Independent examinerfs statement
Your attention is drawn to the fact that the charity has prepared financial slalements in aCCordar￿e wth Accounting
and Reporting by Charities preparing their accounts in accordance wth the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Statement
of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has now been
withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in accordance
with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or
the financial slalements do not accord with those records.. or
the financial slalements do not comply wth the applicable requirements conceming the form and content of
accounts set out In the Charities (Accounts and Reportsl 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 concems and have come across no other mallers In connection with the examinats.on to which attention
should be drawn in this report in order lo enable a proper understanding of the financjal slalements lo be reached.
Andrew Howells
Azets Audit Services
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
United Kingdom
24 January 2025
Dateo.

LITTLE LOUNGE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
Total
Unrestricted Restricted
funds
funds
Total
As ro$tat•d
2023
2024
2024
2024
2023
2023
Notes
Donations and
legacies
Charitsble activities
Other trading
a¢tivilies
12,397
22
12,397
97,387
7,729
1,544
7,729
118,973
97,365
117,429
5,683
5,683
79
79
Total income
18,102
97,365
115,467
9,352
117,429
126,781
Ex
andi
Raising funds
ur8
168
168
12
12
Charitable activities
4,810
56,365
61,175
15,301
57,645
72,946
Total expendlture
4,978
56,365
61,343
15,313
57,645
72,958
Nèt Incomlng resour¢•$
befor* tran$fer$
13,124
41,000
54,124
15,9611
59,784
53,823
Gross transfers
between funds
46,892
146,8921
83,734
183,7341
Net incomellexpenditurel
for the yearl
Net movement in funds
60,016
15,8921
54,124
77,773
123,9501
53,823
Fund balances at 1 April
2023
81,591
42,250
123,841
3,818
66,200
70,018
Fund balanco$ at 31
March 2024
141,607
36,358
177,965
81,591
42,250
123,841
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.

LITTLE LOUNGE
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
12
126,814
92,497
Current assets
Debtors
Cash at bank and in hand
13
9,056
68,460
49,381
77,516
49,381
Creditors= amounts falling due within
one year
14
120,8411
110,5641
Nel current assets
56,675
38,817
Total assèts lèss currènt Ilabllltl8s
183,489
131,314
Creditors-. amounts falling due after
more than one year
15
15,5241
17,4731
Net assets
177,965
123,841
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestri¢ted funds
18
36,358
42,250
19
126,814
14,793
92,497
110,9061
141,607
81,591
177,965
123,841
The financial stslemenls were approved by the Trustees on
.1511125.....
Suzanne Spooner {Trustee)
Date:
.1611125..................................

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Little Lounge is a charitable incorporated organisation whose principal office is Cilfynydd Community Centre,
Howell Street, Ponlypridd, CF37 4NR.
1.1 Accountlng convèntlon
The financial statements have been prepared in accordance with the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102.1 and the Charities SORP "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 IFRS 1021" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Slalement of
Cash Flow5.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo
the extent required lo provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slalemenls have been prepared under the historical Cost convention. The princip81 accounting
policies adopted are sel out below.
1.2 Going concern
At the lime of approving the financial slalemenls, the trustees have a reasonable expe¢tslion that the Charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the lrntslees
¢ontinue to adopt the going concern basis of accounting in preparing the financial ststemenls.
1.3 Charltabla funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are sel out in the notes to the financial statements.
R&slri¢l&d funds a￿ subjtrcl lo specific Conditions by donors as lo how they may b& used. The purposes and
uses of the restricted funds are sel out in the notes to the financial ststements.
1.4 In¢omo
Income is recognised when the charity is legally entitled lo il after any perf0rrnan￿ conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been nottfied
of the donation, unless performance conditions require deferral of the amount.

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
Income from grants, whether 'capilal' grants or 'revenue' grants, is recognised when the charity has
enlillement lo the funds, any performance conditions attached to the grants have been mel, il is probable that
the income will be received and the amount can be measured reliably and is not deferred. Capitsl grants are
released lo the Slalemenl of Financial Adivities in the year of receipt. Fixed assets relating to 12pilal grants
are capilalised, and depreciation charged is offset against the grant income, in a reslricled fund.
In¢ome raised from events and Classes is recognised in the period lo which it relates with any amounts
re¢&ived in advance deferred.
Income received from pantry donations is recognised when the donation tskes p18Ce.
1.5 Expèndlture
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a
third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributaLle to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable lo a single activity are apportioned between those activities on a basis
consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
Expendilurtr on raising funds comprise th& Costs expendtrd in relation to fundraising activities and events.
Expenditure on charitable activities includes all costs relating to the furtherance of the charills objectives as
slated in the trustees report and Ihoir a$￿¢lated support costs.
Irre¢overable VAT is ¢harged as a ¢ost against the activity for whi¢h the expenditure was in¢urred.
Governan￿ costs comprise all costs involving public accountability of the charity and its compliance with
regulation and good practice.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently rneasured al cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the Cost or valuation of assets le5S their residual values over their
useful lives on the following bases..
Plant and equipment
Computers
200/0 Straight line
33.33°/D Straight line
Assets in the course of construction are not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is re￿gnised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those asseis have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the assel is estimaled in order to determine the extent of the impairment
loss lif any).

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held al call with banks, other short-term liquid
inveslmtrnls with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilitios.
1.9 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the ¢harity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounis and there is an intention to setlle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic finan¢ial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially measured at
Iransaction price including transaction costs and are subsequently carried at amortised cosl using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Dere¢ognltlon of flnanclal assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or
are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Arllounls payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financi81 liabilities are derecognised when the charity'5 conlraclual obligations expire or are discharged or
cancelled.
10-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continuedl
1.10 Employee benefits
The Costs of short-lerm employee benefits are recognised as a liability and an expense, unless those Costs
are required lo be re¢ognised as part of the Cost of stock or fixed assets.
The Cost of any unused holiday enlillemenl is re¢ognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.12 Leases
Rentals payable Ljnder operating leases, are charged as an expense on a straight line basis over the term of
the relevant lease.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions aboLJt the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and olher factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects {￿lY that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlons and lega¢le$
Unrestricted Unrestricted
funds
funds
As restated
2023
2024
Donations and gifts
12.397
7,729

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
As restated
2023
2024
Toddlers income
Sundry income
Grants
1,544
22
97,365
117,429
97,387
118,973
Analy$ls by fund
Unrestricted funds
Restricted funds
22
97,365
1,544
117,429
97,387
118,973
Grants
PLJrple Shoots
The Arnold Clark CommLJnity Fund
Bule Energy
Community Foundation Wales
National Grid Our Community Matters
WCVA
Comic Relief
RCT Shared Prosperity Fund
People's Postcode Lottery
The Rank Foundation
Interlink RCT
Moondance Foundation
WCVA- Organic Growth Fund
Land Disposal Tax Community Support (Mar 241
RCT Food Support (Dec 231
RCT Winter Hardship (Nov 231
RCT Food Support IO¢t 231
RCT Neighbourhood NetworklAug 231
People's Postcode Lottery- Magic Little Grant
Interlink RCT
8,989
1,000
2,500
2,000
2,276
10,161
8.500
26,492
38,612
3,700
1,000
12,199
2,000
35,833
1,475
12,419
39,965
540
1,650
1.000
1,000
500
983
97,365
117,429
12-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
other trading activities
Unrnstrictèd Unrèstrictèd
funds
funds
2024
2023
Events
Shop income
2,451
3,232
79
Other trading activities
5,683
79
Ralslng funds
Unrestricted Unrestricted
funds
funds
2024
2023
Event expenses
168
12
168
12
13-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Staff costs
Depreciation and impairment
Advertising, marketing and PPS
Legal and professional fees
Other staff and volunteer costs
Premises and office expenses
Proje¢l expenses
SLJndry
31,500
1,697
263
701
291
8,748
10,638
20,322
193
2,421
288
733
7,874
35,621
245
53,845
67,697
Share of support costs Istre note 81
Share of governance costs Isee note 81
2,792
4,538
2,116
3,133
61,175
72,946
Analysis by fund
Unreslricled funds
Restricted funds
4,810
56,365
15,301
57,645
61,175
72,946
14-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
Costs
2024
Support Governance
costs
¢0Sts
2023
Staff costs
Bank ¢harges
Premises and office
costs
1,658
674
1,658
674
1,070
632
1,070
632
460
460
414
414
Accountancy and
bookkeeping fees
Independent examination
fees
1,838
1,838
1.459
1,459
2,700
2,700
1,674
1,674
2,792
4,538
7,330
2,116
3,133
5,249
Analysed between
Charitsble activities
2,792
4,538
7,330
2,116
3,133
5,249
Governance costs includes payments lo the independent examiners of £2,70012023.' £1,674).
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the current or prior year.
No trustees were reimbursed for expenses during the current or prior year.
10 Employèe$
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employmont costs
2024
2023
Wages and salaries
Other pension costs
32,525
633
21,024
368
33,158
21,392
Key management personnel
The key management personnel of the charity received benefits totslling £33,15812023.' £21,392).
There were no employees whose annual remuneration was more than £60,000.
15-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Tangible fixed assets
Assets under
¢onstrurtion
Plant and
equiprnent
ompuler5
Totsl
Cost
At 1 April 2023
Additions
90,357
24,763
2,074
11,251
474
92,905
36,014
At 31 March 2024
115,120
13,325
474
128,919
Depreciation and impairment
At 1 April 2023
Deprecialion charged in the year
35
1,596
373
101
408
1,697
At 31 March 2024
1,631
474
2,105
Carrying amount
At 31 March 2024
115,120
11,694
126,814
At 31 March 2023
90,357
2,039
101
92,497
13 Debtors
2024
2023
Amounts falling due within one year-
Trade debtors
9,056
14 Creditors: amounts falling due within one year
2024
2023
Notes
Loans
Trade creditors
other creditors
Accruals
16
1.871
956
6,063
1,674
13,373
2,724
2,700
20,841
10,564
15 Creditors: amounts falling due after more than one year
2024
2023
Notes
Loans
16
5,524
7,473
16-

LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Loans and overdrafts
2024
2023
Other loans
7,568
9,344
Payable within one year
Payable after one year
1,871
7,473
5,524
A loan amoLJnt of £9,344 was received during 2020121 from WCVA with interest payable after 24 months al a
rate of 3Q/o. The ¢harity made their first loan payment in April 2023. Monthly loan repayments are £200.
17 Retirement benefit schemes
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £633 12023.. £3681. Arnounts
outstanding at the year end totalled £7512023.. £1301.
17-

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LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Designated funds
The income funds of the charity indude the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific PLJrposes'.
Balance at
1 April 2022
Resources
expended
Trdnsfers
Balance at
1 April 2023
Resources
expended
Trdnsfers
Balance at
31 March 2024
Fixed asset
fund
11931
92,690
92,497
11,6971
36,014
126,814
11931
92,690
92,497
11,6971
36,014
126,814
Fixed asset fund
Represents the unrestricted net book value of the charity's fixed assets. Movement relates lo depreciation
charge and fixed asset addilons.
23-

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LITTLE LOUNGE
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Related party transactions
There were no disclosable related paty transactions during the year12023 none).
25-