COMPANY REGISTRATION NUMBER: 01731859
CHARITY REGISTRATION NUMBER: 292326
"LITTLE WORLD" LIMITED
(A Company Limited by Guarantee)
OPERATING AS HORSE + BAMBOO THEATRE
ANNUAL REPORT
AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st MARCH 2024

"Little World" Limited
Company Limited by Guarantso
Financlal Statements
Year ended 31 March 2024
Page
Chairs Foreword
Adminislrative Information
Trustees, Annual Report (Incorporating the Directors, Report)
Independent Examinerfs Report to the Trustees of°Little World.
Limited
10
Statement of Financial Activities
11
Statement of Financial Position
12
ststement of Cash Flows
13
Notes to the Financial Statements
14

'Little World" Limited
Company Limited by Guarantee
Chair's foreword
Year ended 31 March 2024
The Iruslees, who are also the directors for the purposes of company law. present their report and the
unaudited financial slalemenls of the charity for the year ended 31 March 2024.
ChaSrfs r•port
Through 23124 the effects of 'post-covid' cL*ntinued to ripple as we fully Te-commenced our activities.
Due lo our locality. and its socio-economic placement, we could still feel the impact of the slrains on
Ihe health and financial position pla¢ed on our community.
Thankfully the work and dedication of OUT team at Horse + Bamboo meant W9 were able lo posilNely
re-engage with our comrnunity,. our audience mernbers, participants, and artis15, rneaning we were
able lo approach near pre-covid levels of activity and income generation.
thin this. new partnerships have been formed, with an increasing number of local artists using our
building and expertise whi¢h is k&y lo our and Ihgir development. Thesg dwelopmenls, arlislic and
community based, arose particulady through our House tsf Creation 8Ctivitig8.
Feeding into these activities has been our buildin9 refurbishments. including the lrft installation. new
healing system, and workshop refil. All these enabling greater engagement with artist and local
comrnvnilies.
Whilst this report is focused on our activities in 23124, 1 do want lo lake a mom8nl to look forward lo
24125. Finally completing our ACE funded capital project works allowing further development of the
House of Creation,. enabling a greater number of residencies in Ihe refurbished workshop. Alongside
this our plans for developing our archivelmuseum, and building on our historical routes to be a centre
for processional CU￿￿re.
Of course, none of OUT successes and future plan8 would be posslble without our le8m. So, a big
thank you to them for all their dedication and expertise given lo Horse + Bamboo
Alex McDonald- Chair

"Little World" Llmited
Company Limited by Guarantee
Administratlv8 Information
Year ended 31 March 2024
Reference and admlnlstrdttve details
R•glstèr•d charity namè
"Little Worfd" Limited
Charity registrdtion number
292326
Company registration number 01731859
Prfn¢lpal office and registsred Horse + Bamboo
office
679 Ba¢up Road
Walerfool
Rossendale
England
BB4 7HB
The Trustees
Deyrick Allen
Jonathan Ball
Caroline Eccles
Victoria Foulds
Peter Latham
Anthony Mcclean
Alex McDonald
Siobhan Rocks
Yousef Sheikh
Joseph Oldfitsld
{Appointed 15 May 20231
(Appointed 15 May 20231
(Appointed 15 May 20231
(Resigned 25 May 20231
(Resigned 25 May 20231
{Appointed 9 February 2024)
So¢r•tary
Hannah Mook
(Appointed 5 February 20241
Ind8p•ndent examlner
Phillip Dennison ACA FCCA
20 Mannin Way
Lancaster Business Park
Calon Road
Lancaster
LA1 3SW

'Little World" Limited
Company Limited by Guarantee
Trustees. Annual Report Ilncorporatlng the Dlrector's Report)
Year ended 31 March 2024
The Iruslees present their annual ￿port together with the financial slalements of the charfty for the
year ended March 31st 2024 which are also prepared lo meet the requirements for a directors, report
and accounts for Companies act purposes
REPORTING FRAMEWORK
The financial Slalements comply with the Charities Act 2011, the Companies Act 2006, the
Mernorandum and Articles of Assoaation. and Accounting and Reporting by Charities.. Sialement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financh?l Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 (effective 1
January 20191, referred lo as the Charitles SORP {FRS 1021 (second edllion- Ociober 20191.
Structure. governance and management
Gov•mlng documtrnt
The charity is a company ￿mited by guarantee governed by ils memorandurn and articles of
association dated May 21 1983, as amended by sp￿id1 resolulion{sl dated 17107113 and 23110113. It
is a reglslered charity with the Charity Commission.
Appolntment oftrusts•$
The Dire¢tors who served during the year tog$lher with any changes are listed on page ol the
annual report.
The Board of Directors is known as the Committee of Management. The Dlrectors are appointed by
the members in General Meeting. The Committee of Management may appoint directors to fill casual
vacancies. bul those so appointed hold office until the nexi Annual General Meeting.
In line with new Racial Equality and Disability policies. the Company 15 adively seeking lo recruit
further Trustees.
Trustee 5nductlon and tralnlng
A proper indu¢tion and training programme is v*lal, as part of the process of ensuring that Trustees
can become valuable and effective members of the H + B board as quickly as possible. H + B follows
the Charity Commission Guidance, by providing an induction progiamm& that Is sullable for the new
Truste& and Ihe size and nalure of Ihe H + B organisalion as follows:
Introductions to senior management and staff.
Providing them with relevant information on H + B, lor example business plans, annual
accounts, the core goveming document.
Visits to see performances and meet wf(h performers.
Mèetings with existing Trustees and other board members.
An assessment of any Irainlng requiied by tha trust89.
Introductions lo our professional advi5er5
All new Twstees joining H + B are required to attend relevant Iraining courses. The induction process
marks the beginning of an on.going proce55 of Trustee training and development, to ensure that
Trustees can continue lo make an effe¢tive Contribution to H + B. Trustees a150 sign up lo the Roles
and Responsibilities document which sets out the relationship be￿een the Board and the Company
and how this relationship is fulfilled.

"Llttle World" Limited
Company Llmlted by Guarantee
Trusteos. Annual Raport Ilncorporatlng the Dlrector's Report)
Year ended 31 March 2024
Organisation
The Board is responsSbfe for the overall strategy. management and direction of the charity and meets
as required, usually four limes per year. 11 delegatès day to day managèment of the charity lo the
senior staff team, who comprise a mixture of employed staff and freelance artistic personnel.
Obj¢etiv¥$ and activit1¢¥
Charitabl• obj¢¢ts
Ils charitable objectives are the promotion of public education and the encouragement of the arts
through the visual and perfomiance arts. 11 achieves ils charitable objectives through lis principa1
activities. Thè Horse + Bamboo exist$ lo pursue ￿e@lIenCe in visual thealre and related activitie$. In
particular. the Company seeks lo lake innovative theatre lo 8e¢tion$ of the community normally denied
access to live performan¢e by reason of location. level of physical, sensory. or leamlng abilty. ethnic
background, or social status.
Aims
Organi¥ational Ifision
We will create work that reminds us all the wonder of being alNe In Ihls endlessly fascinating and
complex worfd. We wanl lo reach all sections of society and communicate with people in exciting and
unexpecièd ways, lo Somètimes surprise. amuse, intrigue and queslion bul a￿ayS enlert8in. We will
be a vital part of OUT neighbourhood, creating 8 place whèrè art and creatNily are an ordinary and
essential part ol people's lives.
Mlsslon Statem*nt
We draw inspiration from our locatlon in Pennine Laneashire and reflect our sense of place in the work
Ihal we produce. We are part of the ￿ltural fabric of our neighbourhood. Horse and Bamboo provides
a sense of belonging. a pla¢& for inspiration and a welcoming environment where families can share
experiences through art and theatre. Through educating and inspiring audiences, we can have a
lasting impaci on the quality of their cultural lives and give them a sense of comrnilmenl lo Horse and
Bamboo Theatre and Iher&by become advocates for OUT work and contribution lo the community.
National and internationa5 tours enable us lo reach new audiences and consolidate our reputation as
national and intemational speaalisls in puppetry and mask. We will continue lo draw inspiration from
touring and refiect this back to our local audien￿5 through the developrnenl of our work. We produce
thought provoking and emotionally engaging theatre with an integrity that resonates with audiences.
We support wide ranging art forms gulded by the strengths and enthusiasms of the art151s and
audiences with whom we work. We share our skills and resources with emerging artists and support
our wider communty in engaging young people and families in the arts.

"Little World" Limited
Company Limited by Guarantee
Trusteos. Annual Report (Incorporating the Director's Report} l¢onllnu
Year ended 31 March 2024
ActSvltlès
Horse and Bamboo was formed in 1978 by a small group of artists, musicians and perfomers lad by
the founding Artistic Director Bob Frith. Ils purpose,. lo take visual, musical, and predominantly non-
verbal theatre lo places largely neglected by conventional fomis of theatre, playing to audiences from
a wide range of backgrounds. Since then, Ihe company has been on the road as a touring puppet
theatre company across Lancashire, the UK and Europe with perf¢man¢es aimed al young and adu
audiences. In June 1983 the company become a registered charity, Little Worfd Ltd Ua Horse and
Bamboo with a Board of Trustees and Members. The company moved into a permanent home in
Waterfool in the Rossendale Valley Calling the venue "The Boo" The Boo provides a small
performance space delNering a regular programme for the community, perforTlled by visiting artists as
well as the Horse and Bamboo team. The Boo is also a creativo hub where artists collaborate to share
and develop skills and ¢reale new shows. Increasing￿, the company is reaching out into the local
community tts engage famili85 and young people in the Rossendale Valley lo access the creative skills
the company can offer. The company. now operating under th9 name Horse and Bamboo. has well
developed partnerships with lo¢al organisations woiking in the community. and is active in nelworks
regionally and nationally in the Theatre Arts sector. The company works in close Collaboration with
funders lo deliver shared objectives. Funders, community pariners and ne￿orkS are listed al (Page
81. Horse and Bamboo is governed by a Board of Trustees (Page 21 responsible for supporting the
strategic aims of the ￿Mpany. ts finanryal health. the govemance. and Ihg effgctive use of resources.
The staff are responsible for the continued artistic development of the company and the delivery of the
strategic plan and Operational plan.
Public benefit
The charily has had Tegard to the Charity Commission guidan￿ on public benefit and the trustees
believe that all the activitiès of the ¢h3rity dèliver public benefit as set out in this report. Contribution of
volunteers support the delivery of events al Horse and Bamb¢J) and contrlbute to marketing contsnl
and advocacy for the company in our locality.

"Little World" Limited
Company Llmltad by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) le+JntirtvedJ
Yoar ended 31 March 2024
Strdteglc rèport
Board Development
The Strategic Sub-Group ha8 been established whlch is abl& to m9et between board meetings and
move activities and details forward with capacity and rnomenlum. A Sub-Group has been set up lo
focus on Income slralegies, made up of Board members. staff and with a view to bring in relevant
professionals.
Staff Development
A new Finance and Operations Manager was appointed al the end of 2024 who is taking control of
developlng operational processes and freeing up more time for the Creative Development DireGlor and
Producer lo focus on their roles.
Workshop D•v•lopm8nt
We received a gTanl from The Theatres Trust to replace our workshop floor whlch led to a workshop
organlse wrth the current artists uslng the spac¢. Plans are In place to begin renting workshop space
lo local artists and groups, making the space more visible and usabl8.
Heritage Action Zone Funding and Culturnl Consortium
Working with Rossendale Borough Council we have led the Bacup Cultural Consortium and in January
2021 achieved £90k of funding from Historic England Cultural Programme and this will see us lead
culttjral activity throughout Bacup in 2021-24.
Oral health Project
We have been commissioned by Lancashire Country Councll lo run cr¢aliv¢ oral health related
slorytelling sessions for the community along with the CTeation of a book.
Eco building davelopmant
Horse + Bamboo continues to work with eco-friendly energy supplies, have had solar power installed
and internally work to reuse and recycle materials for the creallon of our work. We a150 have 8
partnership with IOT Horizons who we work wilh lo track energy usage and air quality. There are plan5
lo partner wlh them lo become 8 lead in air qu81ity research in arts centres.

'Little World" Limited
Company Limited by Guarantea
Trustsès. Annual Report Ilncorporating the Director's Rèport) {eonLlnts8
Year ended 31 Plia￿h 2024
Aehievèments and ￿rfOrnian
Overview
Notable achievements within 23124 have been the suG¢ess of our annual Walerfoot Wakes festival
and Parade. This engagèd local audiences and artists and was re¢eThied w811. Horsè and Bamboo
have seen increased engagement with our adult audiences attending rnusic nights and gigs, along
with welcoming in new artisls and groups to the building. H+8 have continued to improve the building
using ACE Capital lunding lo instsll an accessible lift, giving a¢¢ess to the wotkshop and office
spaces.
A¢tlvlty
The building Ss continuously used lo host open m¢c and open dec nlghls, Babyboo and sen$ory
activity. dance classes. craft workshops, film nights and Cottonshed Theatres, classes and workshops.
Our Arts award sessions run across the years at various level and across artfom)s. We successfully
ran our annual festival Walerfool Wakes and the Pumpkin trail with participation from the public
throughout in the creation of a￿Ork and processing through the streets.
Archive development
During this period, we have been working on developing the Ctsrnpan￿s archwe. As a long-stsnding
vtsual theatre company our building houses vast quantthes of British Theatre history which needs an
investment of time that we have not previously been able lo resouree. Throughoul 2020 we have
deared spaces on the first floor and begun lo catalogue the companys long and Iconic htslory of
horse drawn touring and wsual thèatr8 since 1978. This has also allowed us lo use spaces upstairs
which have PTeviou5ty been unused and to spread out adivity allowing for social distancing. We have
made an application lo the Heritage Lottery lo begin and archwal and museum Pfoject and have mad
contacts with local archivists lo support u$ in Ihi$ wor
Creation Centrel House of Creation
The House of Creation has started to run activity during 23124. with the workshop seeing its first
weeklong resldency, bringlng together rnullidlsclpllnary artlsts lo leam and ueale new work based
around marionette making. We welcomed in artist Lucy Wright and had our ffirsl 'Dusking' celebration
in Waterfoot which welcomed in Ihe darker month as a new folk tradition. Other local artist8 joined and
brought masks made with croquette artist Helen Davies in the previous weeks. We supported the
show and sel creation of Tales from the lighthouse by Littlo seeds Music over the R&D week, who
then returned to perform their children's show which included world class music. The rehearsal spaces
aro in use, and collaboration projocls wllh local and nath)nal artists are in progress.

"Little World" Limlted
Company Llmltod by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) IcLvJtirtuedJ
Yaar endod 31 March 2024
Financial rnvl
Overview
We report a surplus on unrestricted funds this year of £36,911 P022r23 - £25,70n. This has bggn
Possible due to exce11enl management practice in building financial r9silience and income strategy
within difficu￿ economic times.
Socio political circumstances
As we open fully, we will also start understand any consequences of Covid, Brexit and the cosl-of-
Ilvlng crisi8 on our audience8, we continu9 to diversify income. and long-lerm investment from funders
with new investment from Lancashire County Council for our Oral health project work and
commissions through Bacup Cultural Consortium. We continue to achieve on our NPO agreement with
Arts Council Engtand and are in a good financial position to draw up our NPO application in the
coming year. We ¢onlinue to budget for core staffing through reliable in¢omè and through ongoing
benchmarking are now able lo more a¢¢uralely forecast our eamed incorne through box office.
n¢essions and room hire. We also havè adequate staffing capacity to apply lo Irusls and
foundations lor new projects and business development work. We continue to develop partnerships
within the communlty which bring u5 eamed irthme on Toom hire and cafelbar income.
Golng Concern
Although the charity continues to face the uncertainties of a post COVID world. we believe that
considering the result for the year. the level of free reserves and ongoing financlal support, that the
charity is entilled lo prepare its accounts on the going concarn basis.
Prfnclpal Income $our¢es
Arts Council England
Rossendale Brough Council
Lancashirg County Council
Bacup Cultural Consoriium
Cottonshed Theatre Company
The Theatres Twsl
Reser4es
The Board. has sel a free roserves target lunrgStrict8d funds nol invested in fixed assets or otherwise
designaledl of approx. sixjeight months core operating Costs l¢ore staffing and premises costs), which
equates lo ¢£70k. At the year end the free reserves stood at £80.e6012023 - £43.2991, this is above
th8 current target level.
11 is likely that we will need lo draw on those rese￿eS to meet the challenges of operating In nèw ways
and to allow lime for eamed income lo recover post pandemic and during economic'un¢ertainty.
We have th8relore developed the following approach to our free reserves over the following 12
months..
£25k- Building contingency fund (we own oulrighl our large heritage building and small issues such
as guttgring, roof problem$ el¢ ¢an bècome very costly. very quickly).
£15k- Business Developrnenl activities (Partnership building, oulreachl
£5k- Towards H&Bs 50th Anniversary activities.
c£55k-Approximalely 6 months operating costs.

"Little World" Limited
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) {conllnuerfJ
Year ended 31 March 2024
Plans for futur• perlods
To support its vision. mission 8nd values, Horse and 88mtX￿ wrll promot& spe¢ifi¢ aims during the
Business Plan 2020-2025. The principal aims are..
1. Develop Horse and Bamboo's Public Programme
2. The eroation of work in-hou$6 though thtr Hous8 of Crgalion
3. Support the professional development of artists and emergin9 talent
4. Deliver a programme of participatory and outreach work
5. Support th$ development of Children and Young Pgople
6. Support the further development of a robust, sustainable, and resilient organisation
These individual aims aify support$d by 8 Set of 8 obi¢ctivos which 8re reviewed regularly to reflect our
present situation and future plans.
1. Increase the diversity and capacity of our professional programming, workshops and participatory
prolects through Horse and Bamboo and Waterfoot Wakes Fe$l￿al to achieve maximum targeted
audienc8 development.
2. Continue small-sc8le Investments into the building including tho cafai b8r 8nd workshop ensuring
the audience and artist experience is equally valued and facililaled.
3. Production. c￿prOduCtion and co-creation of artistic wort¢.
4. Asso¢iale artists programme will be developed to ensure we can farilitsts artists to develop work
from conception to final outcome.
5. Development of Horse + Bamboo archive both physical and online.
6. Delivery of Outreach programmes. specAfically Baby Boo and Making a Change act￿￿8$.
7. Development of detailed ￿h0O15 offer, including SEN schools, delivery of Arts Award and digit81
wort.
8. Ongoing Iransfomialional business planning and management. The SMART dgtsbls of these
objectives are outlined in our Business Plan. We welcome Arts Counal England's new strategy Levs
Create and we will frarne our work around their new Investment Prinrypl&s,. Ambition & Quality,
Oynamism, Environmental Responsibility. and Inclusion & Relevance. These new principles sil
comfotsbly with our reviewed objectives and the Wision and Mission or our ¢x)mpany.
Thè trustèes, annual report and the strategic rgport woro approvèd on 22nd JanLAry 2025 and ￿ned
on behalf of the board of Iruslees by..
Alex M¢Donald
Director

"Little World" Limited
Company Limited by Guaranteo
Independent Examine￿8 Report to th8 Trustées of "Llttle World" Limited
Year onded 31 March 2024
I report lo the Iruslees on my examination of the financial statements of '￿ttle World" Limited Ilhe
charty'l forthe year ended 31 March 2024.
ResponslbllitieB and ba$1$ of rnport
As the trustees of the company (and ts directors for the purposes of ctsmpany lawl you are
rgsponsible for the preparation of the ffinancial statements in accordance with the requiroments of the
Cornpanies Act 2006 {'Ihe 2006 Act'i.
Having satisfied myself that the accr>unts of the company are not required to be audited under Part 16
of the 2006 Acl and are eligible for independent examination, I report in respect of my &xamination of
the charity's accounts as caTried out under section 145 of the Charilies Act 2011 I'lhe 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
Section 145151{bl of the 2011 Act.
Indèpendent •xamlnef$ $tstsmgnt
Since the charily's gross income exceede(1 £250,000 your examiner rnusl be a member of a body
li51ed in section 145 of the 2011 Act. I confirm that l arn qualified lo undertake the examination
because l arn a member of the Institute of Chartered Accountants in England and Wales IICAEW),
which is one of thè listed bodies.
I have complèted my axamination. I c4Jnfirm that matters have come to my attention in connection
wich the examinalKTrn giving me cause lo believe..
accounting records were not kept in respect of the charity as required by se¢t¢on 386 of the
2006 Act.. or
the financlal statements do not accord with those records.. or
Ihe finanoial statements do not compty with the accounting requirements of saction 396 of
the 2006 Act other than any requirement that the accounts gwe a 'true and fairf vlew which
is not a matter considered as part of an independent examination; or
the financial statemen15 have not been prepared in aC￿rdanCe with the rnethods and
principlés of the Slatement of Recomrnended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordallce with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concems and have Come across no other matters connection wllh the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to bo roa¢hed.
Phillip Dennison ACA FCCA
Independent Examiner
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA13SW
10

"Little World" Limited
Company Limited by Guarantee
ststement of Flnancial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Reslricled
funds Total funds Total funds
2023
Unre51ricted
funds
Note
In¢om• and èndowmènts
Donations and legacies
Charitable activities
Olher trading activities
Investment income
151,049
81,615
23,237
979
151.049
147.529
23,237
979
126,746
230,173
5,468
547
65,914
Total income
256,880
65.914
322.794
362,934
Expendltur•
Expenditure on raising funds..
C051s of raising donations and
legacies
Expendilure on charitable activib'es
Totsl oxp*ndltur•
2,538
269,869
2,S38
323,410
4,822
293,997
10
53,541
272,407
53.541
325,948
298,819
N8t l•xpondlturg1 I Income
(15,5271
12.373
13,1541
64,115
Transfèrs
20
Net income I lexpendbturèl
Rgconciliation of funds
Tot81 funds brought foMard
Total funds carried forward
494,771
60.495
555.266
491.151
531,682
20.430
552,112
555,266
The stslemenl of financlal actI￿lIeS Includes all gains and losses reo)gnised in the year.
All income and expenditure derive from continuing acliwlÈs.
11

"Little World" Limited
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Fix•d a$$ets
Tangible fixed assgls
16
426,452
406,372
Current assats
Stocks
17
2.482
2,482
Debtors
18
48.567
18,570
Cash at bank and in hand
77,610
153,485
128.659
Creditors: amounts falllng due within one year
19
2,999
25.643
Nat curront assets
Total assets le$$ ¢urront Ilabllltles
552.112
555,266
Not assets
552,112
Funds oftha charity
Restrictad fvnds
20.430
60,495
Unreslricted fund8
531.682
552,112
494,771
Totsl charity funds
20
555,266
Forthe yèar ending 31 March 2024, the charity was entitle(I to eXempt￿n from audit under section 477
oflhe Companitrs A¢t 2006 wlating to small companies.
Directors, responsibil￿es.
The members have not required the company to obtsin an audit of its financial statements for the
year in question in accordance with section 476,.
Thè directors adtnowlgdge their ￿spOnsIbl11110$ for Complying with thg requirèments of the Act
with respect to accounting records and thè preparat￿n of financial statèments.
These financial ststements hav9 b90n prèparod in a¢¢ordan¢e with the provisions applicable lo
companies subject to the small companies. regime.
Th8$e finanaal statements were approved by the board of trustees and a[tthOr￿ed for issue on
22nd January2025, and are signed on behalf oflhe btsafd by..
Alex M¢Donald
Director
12

"Little World" Limited
Company Limitsd by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operntlng actlvitles
Nel lexpenditurellincome
13,1541
64,115
Adjuslrnenls for..
Depreciation of tangible fixed assets
Other interest receivable and similar income
Interest payable and similar tharges
Accrued lincomellexpenses
17,690
{9791
2,538
{1.68
17,536
15471
2,687
Changes in..
Stocks
Trade and other debtors
Trade and other creditors
11.9191
113.4191
11,567
129.9971
120.9571
136,5461
Cash generated from operations
80.020
Interest paid
Interest re￿1V0d
(2,5381
979
547
Nel cash lused inllfrom operallng activf(ies
138,1051
80.567
Cash flow5 from investing a¢tivltl•$
Purehase of tangible assets
Nel cash used in investing activf(i&s
{37,7701
{37,7701
(77,466)
177,4661
Net Idecreasellincrease in cash and ¢a$h equlvalents
Cash and ¢a$h equlvalonts at ￿gInnIng of year
Cash and cash ¢qulva￿nts at ènd ofy•ar
175,875}
153,485
3,101
150,384
77,610
153,485
13

"Llttle World" Limited
Company Limited by Guarantee
Notes to the Financlal Statsmonts
Year onded 31 Pliarch 2024
Gèneral infomiation
The charity is a public benerrt enlily and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office is Horse + Bamboo, 679 Ba¢up Road, Walerfoot, Rossendale, England. BB4
7HB, England.
ststement of ¢ompllan¢e
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recomrnended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charilies
SORP IFRS 10211 and the Companies Act 2006.
A¢¢ounting policie
Basls of preparation
The financial statoments have been prepared on the historical cost basis. as modified by the
Tevalualion of certain financial assets and Ilabilities and investment propertles me8SUTed at fair
value through incorne or expenditure.
The financlal slalemenls arg prèpared in sterling, which is th& lunctional currancy of the entity.
Going conc•rn
There are no material uncertainties about the ¢haritls abilty lo continue.
Judgements and key sources of e¥timation uncertainty
The preparation of the financial slalements ￿qUireS management to make judgement5.
estirnales and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and olher factors. including expectations
of luiure events that are believed lo be reasonable under the ¢ir¢umstan¢es.
Fund aecountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted fLJnds are SL*bjécted lo rèstrictions on their expènditurè dèclared by the donor or
through the terms of an appea5, and fall ￿10 one of two sub-classes.. restricted income funds or
endowment funds.
14

"Little World" Limited
Company Limited by Guarantse
Notes to the Flnancial Statements {¢ontyny
Year ended 31 March 2024
Accounting policies iconiinue¢
Incoming resour¢e$
All in¢oming resources are included in the statement of financlal aCtI￿lieS when entitlernenl has
passed lo the charity.. ills probable that the economic benerrts associated with the transaction
will flow lo the charity and the amount can be reliably measured. The following 8pecifi¢ pdiryes
are applied to particular categories of income..
income from donations or grants is rec￿gnISed when there is evidence of entitlement to the
gift, receipt is probable and Ils amount can be measured reliably.
legacy income is recognised when re¢eipt is probable and entitlement is established.
incorne from donated goods is measured at the fair value of the goods unless this is
impraciical to measure reliably, in which case the value is derived frorn the cost to the donor
or the estimated resale value. Dorialed f8¢ilities and services are recognised in the
accounts when received if the value can be reliab￿ measured. No amounts are included for
the contribution of general volunteers.
incorne frorn contracts for the supply of services is recognised wtth the delivery of the
contracted service. This is dassified as unrestricted fvnds unless there 15 a Contractual
requirement for il to be spent on a particular purpose and returned rf unspent. in which case
it may be regarded 3$ restricted.
Re$our¢•8 •xp¢nded
Expenditure is recognised on an ac¢rual8 basis as a Ilabilty is incurred. EXper￿lture indudes any
VAT which Cannot be fully recovfyred, and is classified under headings of th& statement of
financial aclivilies lo which il relate$.'
expenditure on raising funds includes the costs of all fundraising activities. events, non-
charitable trading activllies, and the saEe of donated goLxJs.
expenditure on charitable act¢vilies indudes all costs incurred by a charty in undertaking
adivf(ies that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating lo the govemanc8 of the charity apportiorbed lo charitable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the
charity nor part of its expenditure on charitable activf(ies.
All costs are allocated to expenditure categories reflecting the use of the re8ourc8. Dir8Ct costs
attributable lo a single activity are allocated dir¢cily to thal activity. Shared cost$ ar6 apportioned
between thg activiti$$ they contribute to on a reasonable. justifiable and consistent basi8.
Tanglble assèts
Tangible assets are initially ￿Corded at cost. and subsequently slated at cost less any
8¢¢umul*ed depreciation and irnpairmenl losses. Any tangible assets carrSed al revalued
grnounls are re¢orded at the fair value al thè datè ol revaluation less any subsequent
accurnulated deprèciatton and subsequent accumul*ed Impairment losses.
15

"Little World" Limited
Company Llmltsd by Guaranteo
Notes to the Financial Statements (eoAttnuEd)
Year ended 31 March 2024
A¢¢ounUng poll¢les Icontsnued)
Tanglbl& a$$•ts {condnu8dJ
An increase in the carying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses. unless it reverses a charge for impairmènt that has previously been
recoonised as expenditure within the statement of finan¢lal activities. A decrease in the carrying
amount of an asset a5 a result of revaluation. is recognised in other reGogni5ed gains and losses,
except to which it offsets any pievious revaluation gain, in which ease the loss is shown within
other re¢o9nised gains and lo$$es on the $latement of finanoal activllies.
Dèpre¢lation
Deprecialion 18 calculated so as lo wrlte off the cost or valuation of an asset, less Its residual
value, over the useful economK life of that asset as folknws..
Freehold propety
Fixtures and fittings
2% reducing balance
10% reduclng balance
Impalrn)ont of ftxed assets
A review for Indlcators of impaimient is carr￿d out at eat* reportlng date, with the recoverable
amount being estimated where such indi¢ators exist. W)ere the Carrying value exceeds the
recoverable amount. the asset is impaired a¢¢ordingly. Prior impairments a￿ also reviewed for
posslble reversal al each reporting dale.
For the purposes of impairment testing, when il is not possible to estimate the recoverabl¢
amount of an individual asset, an estimate is made ol the recoverable amount of the cash-
generating unit to which the asset belongs. Thé cash-generaling unil is the smallest identifiable
gTOUP of assets that includes the asset and generates cash inlows that largety independent of
th& cash inflows from other assets or groups of assets.
For impairment lesling of goodwill, the goodwill acquired in a business combination is. from the
acquisition date, allocated lo each of the cash-generating units that are expected lo benefrt from
the synergies of the combinauon. irrespective of whether other assets or liabililies of the charity
are assigned lo those unts.
Stocks
Sto¢k8 are measured al the lower of cost and estimated sèlling price lèss Costs to complete and
sell. Cost includes all Costs of purchase, costs of conversion and other co818 incurred In bdnging
the stock lo ils present location 8nd condition.
Flnancial Instrumènts
A financial a$$el or 8 financial liability 18 Teo)gnised only when the charity becomes a party to the
¢xJntractual provisions of the instnjment.
Basic financial insliuments are initially recognised at the amount receivable or payable including
any related Iransactton costs.
16

'Llttle World" Llmlted
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ondod 31 March 2024
Accounting policie$ (¢LMllnuedJ
Flnan¢lal Instruments I¢¢￿￿nu0dj
Current assets and current liabilities are subsequently measured al the cash ¢1 other
consider81ion expected lo be paid or received and not discounted.
Debt instruments 8re subsequentty measured 818mortised cost.
here Snveslmenls In shares are publidy traded or their fair value can otherwise be measured
reliably, the inv8slmenl is subsequgntly measured al fair value with changes in fair value
recognised in income and expenditure. All other such inve51men15 are subsequenfjy measured al
cost less impairment.
Other finan￿al in51rurnenls, including derivatives, are initially recognlsed al f8lr value, unless
payment for an asset is deferred beyond normal business lerrns or financed al a rale of interest
th81 is not a market rate, in which case the asset is meaSu￿d at the present value of the future
payments discounted at a market rate of interest a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the slalemenl of financial aclivilies, with the exception of hedging instruments in a
designated hedging relationship.
Financial as5els that are measured al cost or amortised cost are revlewed for obiecbve evidence
of impairment al the end of each reporting dale. If there is objective evidence of impairment, an
impairment loss is recognised undèr thè appropriate heading in the staternent of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of signfficance, and other financial assets that are
individually significant, these are assessed individually for impairrnenl. Other financial assets are
either assessed individually or grouped on the basi3 of simi￿[ ¢redil risk characteristics.
Any reversals of impairment are rewnised immediatety, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrylng amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The Company is limited by guarantee and does not have a share capital. In the event of the
Company being wound up members are committed to contributing £1 each.
Donations and legacles
Unrgstri¢tgd Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
151,049
151,049
126,746
128.746
17

"Little World" Llmlted
Company Limited by Guarantee
Notes to tho Flnancial Statements (¢ontlnsredJ
Year ended 31 March 2024
Charltabl• aellvltl•s
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Capllal Grants
Fees for workshop5. performances, and related
trading
Other Grants
34.770
65,914
100,684
46,845
46.845
81,615
65,914
147,529
Unre51rided
Funds
Restricted Total Funds
Funds
2023
Capital Grants
Fees for workshops. performance5, and related
trading
l)ther Gfanls
177.306
177,306
51,642
51.642
1.225
1,225
178,531
51.642
230,173
Oth•r tradlng a¢tlvitle$
Unreslricled Total Fund¥ Unrestricted Total Funds
Funds
2024
Fund$
2023
Letting and licensing
23,237
23,237
5,468
5,468
Inve$tmtnt Income
Unrestricted Totsl Funds Unrestri¢tgd Total Funds
Funds
2024
Funds
2023
Bank Interest
979
979
547
547
Costs of rnlslng donatlons and legacles
Unreslrlcted Total Funds Un￿strICted Total Funds
Fund5
2024
Funds
2023
Staff Costs
2.538
2,538
4,822
4,822
18

'Little World" Limited
Company Limited by Guarantee
Notes to the Financial Statements {¢ontlnu•o
Year ended 31 March 2024
10. Expendlturg on charftsbl& a¢tlvltlg$ by fund typ•
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Artlsls & freelance staff fees
Staff costs
Deprec1allon
Marketing & publicity costs
Theatre & premises costs
Travel & accomm¢xlalion
Café Costs
Production & workshop costs
Support costs
26,669
73,192
15,420
9,356
18,785
4,527
13,681
52,363
55,876
26,669
112.118
17,690
9.358
31.130
4,527
13.681
52,363
55.876
38,928
2.270
12,345
269,869
53,541
323.410
UnrestrScted
Funds
Restrl¢ted Totsl Funds
Funds
2023
Artists & freelan¢e staff fees
Staff Costs
Depreciation
Marketing & publiaty costs
Thèatre & premisès costs
Travel & ac¢ommodalion
Café C0515
Production & workshop costs
Support costs
25,516
43,940
17,536
15,777
15.169
2,638
9.970
50,834
41,444
25,516
115.113
17.536
15.777
15.169
71,173
9.970
50,834
41,444
222.824
71,173
293,997
11. Analysls ol support costs
Total 2024 Total 2023
Govemanee costs
Staff costs
Staff training
Office costs
4,887
30.797
3.660
16,532
6,093
13,087
4,437
17.827
55.876
41,444
12. Net lexpendlturelllncome
Nel lexpendllurelllncome is staled after charglngllcfedilingi..
2024
2023
Deprecigtion of18ngible ffixed assets
17,690
17.536
19

'Little World" Limited
Company Limlted by Guarantee
Notss to the Flnanclal Statements {COmlnu8
Year onded 31 March 2024
13. Independent examination fees
2024
2023
Fees payable to the independent examiner for..
Independent examination of the finanual statements
2,450
1.340
14. Stsff costs
The total staff costs and employee benefits for the reporting period are analysed as follows-
2024
2023
Wag&s and salarias
142915
128 200
The average head o)unt of employ¢es during Ihe year was 11 12023.. 9).
2024
2023
No.
No.
Av&rage number of staff
No employee reoeived employee benefits of mre than £60,000 ¢Juruig tho year12023.' Nill.
15. Trustee remuneratlon and expense$
No employee earned morg than £60,000 per annum.
16. Tanglble flxed assots
Freehold Fixiure$ and
property
rrttings
Total
Cost
At 1 April 2023
Additions
590.821
205.924
37.770
796,745
37,770
At 31 March 2024
590,821
243,694
834,515
Depreciatlon
At 1 April 2023
Charge for the year
At 31 March 2024
258.773
6.e81
133,6frJ
11,009
390.373
17,690
408.063
263,454
144,609
Carrylng amount
At 31 March 2024
327,367
99,085
426.452
At 31 March 2023
334,048
72.324
406,372
20

"Little World" Limited
Company Limited by Guarantee
Notes to the Financlal Statements Icorttlnu•dJ
Year ended 31 March 2024
17.
Stocks
2024
2023
Finished goods and goods for resale
2,482
2,482
18. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
47,706
711
150
8,798
4,363
5.409
19. Creditors: amounts falllng due wlthln ona ygar
2024
2023
Trade ¢redil¢ys
Accruals and deferred incorne
Socjal security and other taxes
866
1,000
1,133
18,496
2,687
4,460
2,999
25,643
21

"Llttle World" Limited
Company Limited by Guarantee
Notes to the Financlal Statements (¢ontlnued)
Year endod 31 March 2024
20. Analytsls of charitabl• funds
Unrestrlctsd funds
At
1 April 2023
At
Transfers 31 March 24
In￿me E¥pendllure
General Fund
43,399
241.810
{236.9871
32,438
80.660
Designated Fund$'.
Covid Protection Fund
Business Development
Fund
H+B 50th Anniversary
Fund
Building Contingency
Fund
Invested in fixed assets
10,000
110,0001
10,000
iio.000}
15,000
15,000
5,000
5,000
25.OOD
408,372
25.000
406.022
15,070
115,4201
Total unreslrfct&d lunds
494,771
256.880
1272,407)
52,438
531,682
Al
l April 2022
Al
Transfers 31 March 23
Income Expenditure
Genèral funds
460,548
184,403
1227,6461
77.466
494,771
Re8trlctod funds
Al
1 April 2023
At
Transfers 31 March 24
Income Expenditure
Rgv•nu• fund:
RBC- Heritsge Action
Zone
Capital Development
Fund
Arts Council England
Capltal Gr4nts:
Capital Grants
Expended
3,057
13,057)
5,000
38,280
143,2801
14,9341
4,934
52,438
22,700
12,2701
152.4381
20.430
Total Re51ricled Funds
60,495
65,914
{53,5411
152,4381
20.430
At
1 Aprll 2022
At
Transfers 31 March 23
Income Expenditure
Restricted Funds
30,603
178.531
(71.1731
r17,4661
60.495

"Little World" Limited
Company Limitsd by Guarantee
Notes to the Financial Statements (¢onithu
Year ended 31 March 2024
21. Analysls of net assets betsveen funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangiblg fixed assets
Current assets
Creditors less than 1 year
Net assets
406,022
128,659
{2.9991
531,682
20.430
426.452
128.659
12,9991
552,112
20,430
Unreslricled
Funds
Reslri¢ted Trjtal Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
406,372
114,142
125.6431
494,871
4[￿,372
174,537
125.643}
555.266
60,395
60,395
22. Analy¥i$ of ¢hang•$ in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank aThY in hand
153,485
175.8751
77.610
23. R8latod parttes
No invoices for professional seNlces performed for the charity were iaised by the Trustee$ during
the yeai12023.' £Nill.
No travel costs were reimbursed to the Trustees during the year P023.. £N￿l.
No m*arial donations were made by the Trustees lo tt)g ¢harity.
24. Controlling Party
The charty has no controlling patty. The members, who appoint the trustees, are
independent of each other and no individual has a significant proportion of the voting rights.
The company is limited by guarantèe and does not have share capital. In thè ev&nt of
the company being wound up members are committed lo conlribuling £1 each.
23