2022-03-31-accounts

			Page
Legal and Administrative		Details
Trustees' Report
Report ofthe Independent		Examiner
Statement of Financial	Activities
Balance Sheet
Notes to the Financial	Statements		10

PRINCIPAL OFFICE	15Aubert Park
	London
	N5 1TL
CHARITY NUllllBER	1020319
COMPANY NUMBER	2324172

Geir Freysson	(Chair person)
Committee Members
Julian Triverio	(Treasurer)
Adam Painter	(Treasurer)	resigned	November	2021
Aisling Morman Tameka Small	(Company Secretary) (Company Secretary)	resigned appointed	November November	2021 2021
Raquel Drummond Samantha Cheong Victoria Cowell	(Premises) (Premises) (Parent Participation)	resigned appointed resigned	November November November	2021 2021, resigned 2021	February 2022
Fiona Shaw	(Parent Participation)
Khush Sinha	(Fundraising)
Janina Ketterer	(Garden Maintenance)
Maxine Clay	(Educational Advisor)

After the year end the following directors resigned:	After the year end the following directors resigned:	After the year end the following	directors	were appointed:	were appointed:
Maxine Clay Julian Triverio	Apdl 2022 November 2022	Edouard Carakehian (Treasurer) Alison Slatter (Garden Maintenance)		November November	2022 2022
Janina Ketterer	November 2022	Katie Bloor (Sustainability)		November	2022
		Will Lockhart (Minute taker)		November	2022
		Shahar Avin (Vice chair)		November	2022

Management Committee mem and trustees for the purposes	Management Committee mem and trustees for the purposes	bers are directors ofthe company ofthe Charities Act 2011.	for the
KEYMANAGEMENT
Ann Reid Noelle O'Soyce		Nursery Manager Financial Manager
Catherine Antink		Family Liaison Coordinator
Joanne English		Nursey Administrator
INDEPENDENT	EXAMINER	Francis Corbishley
		Moore Northern Home Counties	Limited,
		First Floor,
		73-75 High Street,
		Stevenage
BANKERS		CAF Bank Ltd
		25 Kings Hill Avenue
		Kings Hill, West Mailing Kent ME194JQ

		2022	2022	2022	2021
	Notes	Unrestricted Funds f	Restricted Funds	Totalf	Tufa/f
INCOME
Donations		940		940	673
Charitable activities Grants received Fees charged	4	114,640 727,602	54,823	169,463 727,602	264,700 525,484
Investment income		280		280	(644)
TOTAL INCOME		843,462	54,823	898,285	790,213
EXPENDITURE Cost of raising funds Cost of charitable activities		143 997,949	54,823	143 1,052,772	1,012,078
TOTAL EXPENDITURE		998,092	54,823	1,052,9'I5	1,012,078
NET INCOME/(EXPENDITURE)		(154,630)		(154,630)	(221,865)
RECONCILIATION OF FUNDS
Funds bought forward at 1 April 2021		774,468	1,318	775,786	997,651
TOTAL FUNDS BALANCE CARRIED FORWARD AT		619,838	1,318	621 156	775,786
31 II/IARCH 2022

GRANTS, DONATIONS	AND SIMIL	AR INCOII/IING RES	OURCES
		Unrestricted	Restricted	Total	Total
		Fund	Fund
		2022	2022	2022	2021
		6	6		6
Income from fundraising	events	940		940	523
Donations					150
		940		940	673

		Unrestdicted	Fund	Restricted	Total	Tofal
				Fund
			2022	2022	2022	2021
London Borough of Islington
Main Grant Nursery Education	Grant over 3's	112,140		31,434	31,434 112,140	35,252 132,990
Rebate Grant				4,383	4,383	12,597
Two year old grants				11,608	11,608	26,469
Other LBl Grants				?,398	?&398	18,420
University of Greenwich			2,500		2,500
Coronavirus Job Retention Scheme						38,972
		114,640		54,823	169,463	264,700

Employee	costs were as follows:	costs were as follows:	2022f	2021f
Salaries Employers Employers	National Pension	Insurance Contribution	761,135 15,650 64,?09	763,486 15,217 58,527
			841,494	837,230

ANALYSIS OF EXPENDITURE	ANALYSIS OF EXPENDITURE	2022	2022f	2022	2021
		Cost of	Cost of
		Funds	Charitable
		raising	activities	Total	Torsi
Staff costs including,	recruitment,		859,800	859,600	841,402
training &welfare Care and Education Office costs Professional fees Premises costs Fundraising	costs	143	63,559 41,838 922 49,541	63,559 41,838 922 49,541 143	37,805 44,550 316 48,997 712
Restricted Project Costs Depreciation Supportcosts Governance costs		143	27,519 7,433 2 160 1,052,772	27,519 7,433 2&160 1,052,915	28,701 7,435 2,160 1,012,078

7	. ANALYSIS OFSUPPORT AND	GOVERNANCE C	OSTS
		Support Costs	Governance	2022	2021
			cos'ts	Total	Total
	Independent Examination Payroll and accounting services	7,433	2,160	2,160 7,433	2 160 7,435
		7,433	2,160	9,593	9,595
8.	TANGIBLE FIXEDASSETS
			Building	Furniture	Total
			Development	&
			Works &Soit	Equipment
	COST		Play Area 6
	At 1 April 2021 Additions in period		923,107 8,108	89,815 4,455	1,012,922 12,563
	At 31March 2022		931,215	94270	1 025,485
	DEPRECIATION
	At 1 April 2021 Provision in period		672,996 16,138	71,039 11,381	744,035 27,519
	At 31 llllarch 2022		689,134	82,420	771,554
	Net book value at 31March 2022		242,081	11,850	253&931
	Net book value at 31 March 2021		250,111	18,776	268,887
9.	DEBTORS
				2022	2021
				6
Prepayments Nursery fees Other				2„641 11,035 388	2,862 19,078 379
				14,064	22,319

10CREDITORSAMOUNTS	FALLINGDUE	WITHIN ONE YEAR
. :			2022	2021
Social Secudty Trade creditors Other creditors Fees paid in advance Parents' deposits Accruals			10,416 2)257 555 7,629 68,068 8,515	15,276 5,552 4,043 68,597 20,930
			87,448	'114398
11.RESTRICTED FUNDS	Balance at	Movement	of Funds	Balance at
	1 April 2021	Resources Arising	Resources Used	31 March 2022
		6	6	F
London Borough of lslington Main Grant Rebate Grant Two year old grants Other LBl Grants	1,318	31,434 4,383 11,608 7,397	31,434 4,383 11,608 391	1,318
Total	1,318	54,823	54,823	1,318
	Balance at	Movement of	Funds	Balance at
	1 April 2020	Resources Arising	Resources Used F	31 March 2021 E
London Borough of Islington
Main Grant Rebate Grant Two year old grants Other LBIGrants	611	35,252 12,597 26,469 18,420	(35,252) (12,597) (26,469) ~)7,713,	1,318
Total	611	92,738	92031	1,318

			Tangible Fixed	Net current
			Assets 2022	Assets 2022	Total 2022	rota/ 2021
					6
Unrestricted		Funds		365,90/	365,907	505,581
Designated		Funds	253,931		253,931	268,887
Restricted	Funds			1,318	1,318	1,318
Total			253,931	367,225	621,156	775,786

arc	the company had commitment	s under non-cancellable operating le	ases as follo
Operating	leases:	2022 6	2021f
Within one Within two	year to five years	10,373 5,565	11,540 15,939
		15,999	22429

ETAILED EXPENDITURE	IN YEAR
		2022 f	f	2021 f	f
Staff cosfs including training Salary costs Staff pension Staff Training &welfare Recruitment	& welfare	825,844 15,650 16,739 1,567	859,800	822,013 15,217 4,030 142	841,402
Care snd Education costs Food and Milk Curriculum &books Toys and Learning Matedals Travel and Outings		35,426 6,809 17,974 3»	63,559	27,234 1,577 8,834 160	37,805
Office costs Subscriptions Telephone Postage and stationety Office equipment &software Bank charges		3,856 9,787 1,881 20,232 5,139 539		2,569 12,298 1,481 23,673 3,426 510
Insumnce General expenses		404	41,638	593	44,550
Professional fees
Legal fees			922
Premises costs Covld costs Repairs, renewals snd maintenance Cleaning Heat and light Water		672 10,401 25,366 11,560 1,542	49,541	3,757 8,690 25,938 8,075 2537	48,997
			143
Fundraising Depreciation			27,519		28,701 712
Restricted Project Costs
Support costs Management accounts Staff admin costs		4,436 2,995	7,433	4,445 2,990	7,435
Governance costs Independent Examination			2,160		2 150
			1,052,915		1,012,078