REGISTERED CHARITY NUMBER: 1149696

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2025

for

The Monkey Business Foundation Limited

Page

Report of the Trustees

1

to

2

Statement of Financial Activities

3

Balance Sheet

4

Notes to the Financial Statements

5

to

9

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The MonKey Business Foundation (MKB) exists to raise funds and donate monies to one principal charity, Working Options in Education. MKB may also choose to make donations from time to time to other charities connected with its key benefactors or provide University scholarships for deserving individuals. MKB exists and operates to enhance the lives of minors who may otherwise be disadvantaged. Working Options in Education helps young people in the UK fulfil their potential, providing free careers and life skill programmes in schools, colleges and online; all delivered with the support of partner companies and industry volunteers.

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charities Commission general guidance on public benefit when reviewing the organisations aims and objectives

FINANCIAL REVIEW

Financial position

There were no fundraising events in 2024 so it was decided that MonKey Business Foundation will also remain dormant in 2025, except for the normal running costs.

Reserves policy

It is the policy of the Charity to maintain the unrestricted fund at a level that equates to at least 6 months' worth of expenditure in order to ensure all costs can be covered if any decision had to be made to close the Charity at any time and to ensure that sufficient funds are held to meet the outlay of fundraising events.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The MonKey Business Foundation is a company limited by guarantee and a registered charity: registration details are shown below. The company is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

On appointment to the Board, trustees receive a copy of the Memorandum and Articles of Association and Charity Commission and

Good Governance information. Training is offered to those trustees without relevant experience.

In its approach to the recruitment of trustees, the Charity aims to ensure that it has a broad range of financial, commercial and legal

and operational experience.

Arrangements for setting pay and remuneration

It is normally agreed that staffing levels, remuneration and working conditions are agreed at Trustees meetings. Salaries are set in line

with market rates for the role and paid under PAYE.

Induction and training of new trustees

In order to ensure our trustees have the greatest possible understanding of the charity the following procedures are implemented:

- invite trustees to attend a WorkingOptions in Education Motivation & Information event to see how it all works, or better still invite them to be a speaker

- invite trustees to attend bi-annual trustee board meetings

- keep trustees regularly informed with a quarterly newsletter

- invite trustees to attend fundraising events when appropriate

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08187347 (England and Wales)

Registered Charity number

1149696

Registered office

30 Thurlby Way

Maidenhead

Berkshire

SL6 3YZ

Trustees

P Monk

N G Desai

N D Morris

S Sadiq

J M Sneddon (resigned 12.11.25)

Solicitors

Chan Neill Solicitors

36 Upper Brook Street

London

W1K 7QJ

Bank

HSBC Maidenhead

35 High Street

Maidenhead

SL6 1QJ

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 29 April 2026 and signed on its behalf by:

P Monk - Trustee

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

-

-

-

600

Investment income

3

1,733

-

1,733

5,908

Total

1,733

-

1,733

6,508

EXPENDITURE ON

Raising funds

Raising donations and legacies

4

6,374

-

6,374

1,132

Other trading activities

5

-

-

-

58,001

6,374

-

6,374

59,133

Charitable activities

6

Charitable Activities

80,544

-

80,544

48,463

Total

86,918

-

86,918

107,596

Net gains on investments

-

-

-

7,445

NET INCOME/(EXPENDITURE)

(85,185

)

-

(85,185

)

(93,643

)

RECONCILIATION OF FUNDS

Total funds brought forward

355,107

-

355,107

448,750

TOTAL FUNDS CARRIED FORWARD

269,922

-

269,922

355,107

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Investments

10

-

-

-

100

CURRENT ASSETS

Debtors

11

-

-

-

5,588

Investments

12

-

-

-

278,115

Cash at bank

270,111

-

270,111

71,484

270,111

-

270,111

355,187

CREDITORS

Amounts falling due within one year

13

(189

)

-

(189

)

(180

)

NET CURRENT ASSETS

269,922

-

269,922

355,007

TOTAL ASSETS LESS CURRENT LIABILITIES

269,922

-

269,922

355,107

NET ASSETS

269,922

-

269,922

355,107

FUNDS

14

Unrestricted funds

269,922

355,107

TOTAL FUNDS

269,922

355,107

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2026 and were signed on its behalf by:

P Monk - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are presented in the currency of the primary economic environment in which the entity operates (its functional) currency), as such, the results and statement of financial position are presented in Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound unless otherwise stated.

The trustees have reviewed the key stakeholders and the funds available and consider that the charity has adequate resources in place to continue trading for the next twelve months.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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 from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Financial instruments

The charitable company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.

2.	DONATIONS AND LEGACIES

31.12.25

31.12.24

£

£

Donations

-

600

3.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Deposit account interest

1,733

5,908

4.	RAISING DONATIONS AND LEGACIES

31.12.25

31.12.24

£

£

Bank and credit card charges

843

1,132

Support costs

5,531

-

6,374

1,132

5.	OTHER TRADING ACTIVITIES

31.12.25

31.12.24

£

£

Trading deficit

-

58,001

6.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs

costs

Totals

£

£

£

Charitable Activities

15,950

64,594

80,544

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Examiners' remuneration

1,725

3,306

Examiners' remuneration for non audit work

2,268

2,412

Hire of plant and machinery

-

1,271

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

Trustees expenses were reimbursed for the year ended 31 December 2025 were NIL (2024: NIL). At the year end date £Nil (2024: NIL) was due to Mr PJ Monk in relation to expenses reimbursed at cost.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (31.12.2021)

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

600

-

600

Investment income

5,908

-

5,908

Total

6,508

-

6,508

EXPENDITURE ON

Raising funds

Raising donations and legacies

1,132

-

1,132

Other trading activities

58,001

-

58,001

59,133

-

59,133

Charitable activities

Charitable Activities

48,463

-

48,463

Total

107,596

-

107,596

Net gains on investments

7,445

-

7,445

NET INCOME/(EXPENDITURE)

(93,643

)

-

(93,643

)

RECONCILIATION OF FUNDS

Total funds brought forward

448,750

-

448,750

TOTAL FUNDS CARRIED FORWARD

355,107

-

355,107

10.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1 January 2025

100

Disposals

(100

)

At 31 December 2025

-

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

100

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Monkey Business Trading Limited

Registered office: Bridge House, 2 Bridge Avenue,Maidenhead, Berkshire SL6 1RR

Nature of business: Event co-ordination

%

Class of share:

holding

Ordinary

100

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

-

5,588

12.	CURRENT ASSET INVESTMENTS

31.12.25

31.12.24

£

£

Listed investments

-

278,115

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

189

180

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.25

in funds

31.12.25

£

£

£

Unrestricted funds

WorKingOptions

355,107

(85,185

)

269,922

TOTAL FUNDS

355,107

(85,185

)

269,922

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

WorKingOptions

1,733

(86,918

)

(85,185

)

TOTAL FUNDS

1,733

(86,918

)

(85,185

)

Comparatives for movement in funds

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

448,600

(93,493

)

355,107

WorKingOptions

150

(150

)

-

448,750

(93,643

)

355,107

TOTAL FUNDS

448,750

(93,643

)

355,107

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Gains and

Movement

resources

expended

losses

in funds

£

£

£

£

Unrestricted funds

General fund

6,508

(107,446

)

7,445

(93,493

)

WorKingOptions

-

(150

)

-

(150

)

6,508

(107,596

)

7,445

(93,643

)

TOTAL FUNDS

6,508

(107,596

)

7,445

(93,643

)

15.	CONTINGENT LIABILITIES

The MonKey Business Foundation may administer scholarships that contribute to the cost of a university education for selected individuals, that would not normally be able to afford the cost of university, over a three year period. The level of scholarships awarded but not paid before the year end is £Nil (2024:Nil).

16.	RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous year by the Trustees collectively. This is due to the fact that the company has no shareholders and the Trustees have equal voting rights at general meetings.

17.	RESTRICTED FUNDS

The charity have the following restricted funds

WorKingOptions

This fund is specially for the work of WorKingOptions.