DocvSvJn En￿*￿pe IO.. 82F57617£oB￿ADc.9oD￿&lE7{LAGD31Bl COMPANY REGISTRATION NUMBER: 02872995 CHARITY REGISTRATION NUMBER: 1029478 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 Ca re LL 86-90 Paul Street London, EC2A *ACIZXWJ' 2311212023 COW•ANIES HOUSE #375 D￿￿$19n En¥ei¢pe10'. 8ZF576174OB94ADc-gDD￿3AE7OpknD318l THE ISLEDON COMMUNITY NURSERY TRUST Com pany Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the dire¢torfs report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 Oocusign EnVeh)￿ ID." 82F57fj17£OBWDc.9DD￿3mE7I￿￿GO3l8l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2023 The trustees. who are also the direelors for the purwses of company law, present their report and the unaudited financial statemen15 of the charity for the year ended 31 March 2023. Reference and administrative detai15 Registered charity name THE ISLEDON COMMUNITY NURSERYTRUST Charity registration number 1029478 Company registration number 02872995 Principal office and registered THE SAM MORRIS NURSERY ollice PARKSIDE CRESCENT ISLINGTON LONDON N7 7JG The trustees REO El-ouaret K Lavrton M A Walker Company secretsry Juliette Toop Independent examiner Noor Choudhary FCA IwKlependenl Examiner Capshire (UK) LLP 86-90 Paul Street London EC2A 4NE OocuS¥Jn Envelope10." 82F57617.G0B94At)c-9DD￿￿4E70A6D318? THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Truslees. Annual Report (Incorporating the Directorfs Report) f¢ontlnusd) Year ended 31 March 2023 structure. governance and management Governing Documents The Isledon Community Nursery Trust is a registered charity and a company limited by guarantee. The Isledon Community Nursery Trusl is also known and referred lo as The Sam Morr15 Nursery. The maximum liability of each member is lirnrted lo £1. Al 31 March 2023 the cornpany had 3 12021."41 members_ The lsledon Community Nursery Tnjst 15 governed by its Memorandum and Article5 of A$so¢￿tiOn. The Irustees wll embark on a ieview of the governing docurnenls and consider updating them to reflect Changes in charity and company law. The Isledon Communrty Nursery Trust was in¢orporaled as a limited company limrted by guaranlee on 18th November 1993. The charity commenced operations In 1996. Recruitment. Appointment of Truslees Trustees, who are also Directors of the Company. are elecled from the local comrnunily and musl either reside or work in the London Borough of Islington or surrounding areas and be interested in furthering the work of the charity. An Election5 Committee, made up ol Trustees, the Company Secretary and chaired by the Chair is established lo oversee the elecb.ons prccess for Board appointments. A separate pr￿esS agreed by the Twslee Board is followed for Ihe election ol the Chair. The Relerence and Adminislralive Details above Klentrfies the constituencies that elected each of the current trustees. No other persons or bodies extemal to the charity were entstled to appoint people to the Trustee Board. Induction of Trustees Newly appointed Tru51ees are provided with a cffiiprehensive indudion to The Isledon Community Nursery Trust through the provision of training courses and mentioning by e51abli5hed Iru5tee5. Organizational Structure The151edon Community Nursery Twsl is goveme(J by its Trustee Board which is responsible for setting the Strategic direction of the organizatson. approvirKJ ils financial budget an(J the policy of Ime charity The Trustees carry the ultimate responsibility for the conduct of The Isledon Community Nursery Trust and for ensuring that the charity satisfies ils ￿gaI and contractLtal obligations Trustees meet as a minimum quarterly and delegate the day-tQ-day operats.on of the organizabon lo senior management. The Truslee Board is Independent from management bul receives regular reports on day-lo-day operational issues. A register of interest is maintained al the ￿giSte￿￿ office and is available lo the publ￿ for inspection. Related Parties The Isledon Comrnunity Nursery Twsl is an indewdent nursery operating in the London Borough of Islington. The Isledon Communty Nuisery Trust W￿kS closely with Islinglon Council lo obtain support and guidance on Several 51ralegic and operational issue5. The nursery offers 10 Gommunity place5 which are subsidized by Islinglon Council. In order to receive this. along with addit￿nal funding such 35 the Nursery Education Grant INEGI, the nursery is required to comply with a Service Level Agreement ISLAI provided by the council. Operating policies are irKlependenlly determined by the Trustee Board of The Isledon Community Nursery Trust in order lo fulfill rts charitsble objectives and comply with the OFFSET national standards. The charity also co-operates and liaises wrth several other advisory services. local charities and social seryices departments on behalf of the service users. Where one of the trustees holds the position of tru51eeldirector of another charty they may be Involved In discussions garding that other eharity but not in the ultimate decision-makingproces5. Major risks The Isledon Community Nursery Trust continues lo operate a Corporate Risk Mana9emenl system. A risk management strategy is re￿larlY reviewed and agreed by the Trustee Board. The Trustees DD¢u&"gn En￿lope ID.. 82F57617.cce>4AfK.9r￿3AE?oA6DJ)81 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Icontinuedj Year ended 31 March 2023 recognize that any major risks to which the charity is exposed need to be reviewed and systems pul in place to mitigate those risks. To that end the Isledon Community Nursery Trust is continually monitoring and managing its risk. and ensuring aclion plan5 are in place to mitigate rts key risks. Included In external risks is that of the loss of inGome arid furwjing. The effects of this have been minimized by the procedures in place, which have resulted in bncome being Secured from a variety of sources. The charity continues to seek lo diversrfy ils fund1ng source5. Internal Tisks are minimized by the implementation of procedu￿$ lor authorizalion of all transactr'ons and projects and to ensure consislenl quality of delivery for all operational a5pecls of Ihe charitable company. These procedufes are peri¢JXically reviewed lo ensure thal they still meet the needs of the charity. Objectives and a¢tivilies Charitable Objects The charity's objecls a￿ lo advance the education ofchildren below compulsory school age and thereby piomote their mental, moral and physical development &KI improvement. ms. Objeclives. Strategies and Activities for the Year The Isledon Community Nursery Twsl aims to provide a wde range of play and learning ath'vth'es for children aged six months lo five years from the hours of 8arn lo 8pm Monday lo FnJay. Our overriding childcare philosophy is to provide a stimulalin9 and safe environment both indoors and outdoor5 for children within our caie. We have a structured progiamme of acts'vities each designed to allow children to learn through fun, imagination and thou9htftJl guidance. Our staff are trained to bring out the best in the children and lo help them develop into independenl. competent and confident Individuals. We also help children prepare for their eventual Iransrtion into mainstream schooling by helping parents wrth the admissions Process such as afTènging school visits or by hdping children prepare foT a new ￿aIning environment The children are provided with breakfast. lunch and a tealime snack during the course gf the day. All meals are prepared on the premises by trained ¢ooks aiming to provide nulrilionally balanced and Inte￿$tEng meals. Personal preferences such as vegetarian or other dietary requirements are also catered for. All food handlers have the necesswy heath and safety certffication. In addrtion lo this. children have a￿e$S lo a wide range of play and learning activities which focus on the individual interests and needs of the indNi¢Jual child_ The layout of the environment ensures Ihat hildren have independent access lo any activities and resources of their choice. both indoor5 and ouldoors. The nursery works in dose partnership with children an¢J their familie5. Parents are alway5 invited inlo the nursery to participate in aclivilies and to Share their 5ki115 and at41rties lo enhance the leaming experience of the children and staff. A range of %)ual events both durivJ nursery hours and out of nursery hours encourage parents to feel a valuable part of the nursery. Slalemenl of Public Benefrt The trustees have paid due regard lo the Charty Commissv)n's guidance on public benefit in deciding the activities undertaken by the charty during the year. The truslees are satisfied Ihal the information provided in the report and accounts m&ts the public berEfiI reportiry requirements. Children are welcomed from across the area of benefbt once enrolled in accordance with Ihe admissions policy. The principal activity of The 151edon Community Nursery Trusl remains the provision of affordable daytime childcare lo achieve the advancement of education for children below the slatutory school age. Our provision is sel In accordance with the OFSTED natsonal Stsndards aThJ the Earfy Years Framework and our SLA with the London Borough of Islinglon. Stralegl¢ report The following secli¢)ns for achievemertts and Performa￿ and financial review form the strategic report of Ihe charity. DocuSvJn Erwelcpelo." 82F57017£08&4ACC.9CO93AE7Q&fjD3181 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report> fconiinueffj Year ended 31 March 2023 Achievements and perforniance Charitable Activities At the Isledon Communty Nursery TnJst we have around 30 families of whom are diverse enrolled with usat present,. 3 are single paienl families, 19 families are part-time. and 11 familie5 are full-lime. There is a lotsl of 13 staff that work at Sam Morri5'. 1 Manager (level 61, 1 Oeputy (level 3}. 1 Senior (level 31, 1 Nursery Praclilioner Ilevel 51. 5 Nursery Pradilioners (level 3.$1, 1 Lunchtime Cover, 1 Cook (level 2 in food Safety in Caleringl 2 Apprentices. We have continued to maintsin a strong and positive relationship with our key stakeholders, Induding the Islington Council's Early Years Team. We have always been keen to support other nurseries in complying with good practice and regulatory requirements. The charity has worked closely with parents this year in supporb'ng them to become more involved in management cornmittee meetings. fundraising and general maintenance of the nursery. These have all been very successful and we wll contsnue these positive relationships. Parents have also become more involved in their children's learning and development via the use of online apps ie.. Tapestry arhd Jigsaw The nursery held firewths and a Christmas event to fundraise for resource5. We shall be looking to hold rnore DIY days nexl aCadern￿ year. We have a150 had great succes5 with families sharing their cultural heritage by carrying out and sharing activrtie5 Wlth the children We will continue lo promote and encourage this as the children really enioyeé these experiences. All families ale offered the free 30- and 15-hours ¢Jaycare. Parents are means tested and give the nursery the relevant c(x1e should they be enlilled to the 30 hours. Financial review Reserve5 Policy The Isledon Community Nursery Trust is required to ensure that free monies are available in each financial year lo meet any reasonatxy foreseeable contingency. The Isledon Community Nursery Trust will ensure that income continues to be derived from as wide a variety of sources possible. They wll lake all necessary steps lo ensure Ihal at no time within this period would il be possible for the cessation of one or more funding streams to present so serious a challenge lo the fulure of the organization Ihal it c(xJld nol be managed to continue to provide a best value service. In reviewing the polenlial cosls that could arise should a significant reduction in incorne be incucred the Trustees have delemiined thal'free, reserves should be maintained equal be￿een 3 and 6 months norm￿ operating expenditure which equates to between £99.500 and £199.000. Principal Funding s￿Jrces The Directors extend their gratitude lo Islington Counal who corbtinued to support the core operating capacity of the charity Additionally, fees payab￿ from parenls contrtbuted to the income of Ihe charity. The charity did not have any borrowtngs Irom either provider of fundiThJ ￿ olFEr sources at the balance Sheet date. Funds in Deficit No funds were In deficit at the balance sheet date. DowSv)n En¥eW ID". 82F57617-Co894ADc-9DD￿3AETo￿￿3l81 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report {In¢orporating the Dlrectorf$ Report} (ctyitinug Year ended 31 March 2023 Plans for future periods The Isledon Community Nursery Trust aims to continue lo provide high quality childcare for all families. We are working wlh our local counol to provide more opportunities for families from a disadvantaged background through training and nursery placements. Trustoes Responsibilities The trustees. who are also directors for the purposes of company law, are respon51ble for preparing the Iruslees, report and the financial stalements in ¥cordance Imth applicable law and United Kingdom Ac¢ounling Standards {United Kingdom Generally Accepted Accounting Pracb"ce). Company law requrres the charity twstees lo weparLJ financial stalemenls for each year which give a true and lair view of the stale ol affairs of the charitable wmpany and the incoming resour￿ and applution of resources, including the income and e.unts lo be reached. Noor Choudhary FCA Independent Examiner 86-90 Paul Slreet London EC2A 4NE 21 December 2023 Do¢u&"gn Envebpe JD.. 82F57617.c0B￿ADC-9DD￿3AE7Lll6D3•8l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Statement of Financial Activities lincluding income and expenditure account) Year ended 31 March 2023 2023 Restricled funds Total fund$ 2022 Unresincled fvnds Total funds Note Inrome and endovffl)ents Grant Income Charitable activities Investment income 94.921 268,507 437 1.767 123.173 190.009 12 437 Total income 363.865 1.767 365,632 313.194 Expenditure Expenditure on chariiable activities Total expenditure 335,236 7,047 342.283 373,010 335.236 7.047 342,283 373,010 Net expenditure and net movement in funds 28.629 15,2801 23.349 159,8161 Reconciliatlon of funds Total ftjnds bfoughl forward Movement 89.921 {1.578} 120.123 210,044 (1,5781 269.860 Total funds ¢arried forward 116.972 114.843 231,815 210.044 The statement of financial a¢livrties includes all yains and losses recognized in the year. l ￿n￿rne and expenditure derive from conlinuing activities. DoruSi9n 10.. 82F57617.GGe￿Ntt.glx)￿&￿E7￿Djl81 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee ststement of Financial Position 31 March 2023 2023 2022 No Flxed assets Tangible fixed assets 15 I￿,722 147.006 Current assets Debtofs Cash al bank and in harKI 16 65,603 91,294 32.766 89.908 156,897 122.674 Creditors: amounts falling due Wbthin one year Net current assets 17 61,804 95.093 59,636 63,038 210,044 Total assets less current liabilibes 231.815 Net assets 231,815 210,044 Funds of the charity Restricted funds Unrestricted lunds 114.843 116.972 231,815 120,123 89.921 210,044 Total charity funds 19 For the year ending 31 March 2023 the charity was en¢￿ed to exemption from audit under section 477 of the Companies Act 20C6 rdalir4J lo small crmpantes. Directors, responsibilities". The membefs have not required Ihe company to obtain an audrt of ils finanaal slalements forthe year in question in accordance with sectTron 476. The director5 acknowledge their responsibilities lor complying wrth the requirements of theA¢l with respect to accounling records and the preparation of finanual 5tstements. These financial 51atemenls have been prepared in acccYdan¢e wi¢h the provisions applicable lo companies subject lo the Small companies, regime_ These financial statements were approved by the board of trustees and authorized for issue on 21 December 2023. and are signed on behawof the board by". Bor￿S*￿tY.. FFE*A)DIDC&WJ. M A Walker Tfuslee The notes on pages 10 to 18 fonn part of th85e finaneial $ta¢gmgnts. DorAJS¥n En¥elope10.. 82F57617l0B￿A0C-9tI)g-3*E7OIffj03l61 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General infomatlon The charty is a PU￿1¢ benefit entrty and a private company limrted by guarantee, ￿gIStered in England and Wales and a registered charity in England and Wale5. The address of the registered office is THE SAM MORRIS NURSERY. PARKSIDE CRESCENT, LONDON, N7 7JG, UK. Statement of compliance These financial statements have been prepaied in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland.. the Slalemenl of Recommended Piactice applicable lo charitie5 preparing their accounts in accordance with the Financial Reporb'ng Stsnttard applicable in the UK and Republrc of Ireland {FRS 102) (Charities SORP IFRS 1021) and the Companies Acl 2006. A¢Gounting poli¢res Basis of preparation The financial slalemenls have been prepared on a historical c051 basi5, 85 modified by the revaluation of ceflain financial assets and liabilitie5 and investment properties measured al fair value through income or exwditure. The financial slalemenls are prepared in sterfing {iounded lo the nearest povn(Jl. which is the fijnctional curnency of the enb"ly. Going concern There are no material uncertainties abc*Jl the charty's abilty to continue. Judgernenls and key sou￿eS of estimation uncertainty In the application of the company's accounting ￿lIcies. the management committee are required to makejuijgements, estimate5 and assumptions aboutthe carrying amount of asse15 and liabilrtie5 that are not readily apparent from other sources. The eslimates and as5o￿ated assumptions are based on historical experience and other fact￿$ that are relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 10 accountsng estimates are re¢ogn12ed in Ihe penod in which the e5b.male is revised where the revision affects only that penod. or In the period of the revison and luture periods where the revision affecls both Current an(J fvture periods 10 Dtxusign Envek)pe ID.. 82F57677.C￿￿1ADC-9DDgjAE7f145D318l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements ftortbrtuedj Year ended 31 March 2023 Accounting policies (CL￿tinued) Fund accounting Unrestricted funds a￿ available for use al the (h'scretion of the trustees lo fvrther any of the charity's purposes. Designated funds are unrestricted funds earmarked by the Iruslees for fvlure project or commilmenl. Restricted funds are subjected to reslrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of fv40 Su￿aSseS.. restricted income funds or endgwment fund5. Incoming resources All incoming resources are included in the statement of finanual activities when entitlement has passed lo the charity", rt is probable that the economic benefits associated with the transaction will Ilow to the charity and the amount can be ieliably Measu￿￿. Tr fcllowing specffic poliues are applied lo categories of income-. Income from donations or gran15 15 recognized when there is evidence of entitlement to the gift. r￿1p1 15 probable. ané its amount can be measured rdiably. legacy income is recognized when r￿elpt is probable, and enlitlement is established. Income fr#￿ donated 9(￿1$ is measwed at the fair value of the goods unless this 1$ impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donaled facilrt*s and servi¢es are recognized in the accounts when rec•ved rf the value can be ￿liablY measured_ No amounts are induded for the cc￿lbu￿.0n of general volunteers. Income from Contracts for the supply of semces is recognized with the delivery of the eontracled service. This 15 classified as unrestncted funds unless there is a contractual requirement for it to be spent on a particular purpose and ￿turned If unspenl, in which case il may be regarded as re51rirted. 11 Dc¢uSi9n Envebpe ID". 62F57617.cC8WDC-900￿w7O￿￿3l81 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (continue Year ended 31 March 2023 Accounting policies (conbnued) Resources expended. Expenditure is recognized on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings ol the statement of financial activities lo which rt relates.. expendrture on raising funds i￿lUcIeS the costs of all fundraisng activities, events, non- charitable trading actiwtses, and the sale of donated goods. expendrture on charitable acti¥ities includes all costs incurced by a charity in undertaking activities that further ils charrtable aims for the benefil of its beneficiaries, including those support costs and costs relating lo the governiirKe of the charity apportioned lo Charitable activities. other expenditure includes all expenditure that is neilher related lo raising fvnds for Ihe charity nor part ol its expenditure on charitable activititths. I costs are all¢xated to expenditure categcries rE.fiecling the use of the resource. Direct costs attributable to a single activity are allocated directly to thal acb"vity. Shared costs are apportioned between the activities they contribute to ￿ a reasonable. jusbfiabfe and consistent bas¢s. Tangible assets Tangible assets are inibally ￿corded at cost. and subsequentty stated at cost less than any accumulated depreci*ion arKJ impairment losses. Any tangible assets carned al revalued amounts are recorded 81 the fair value al the dale of revaluation less any subsequent accumulated depreciation an(J subsequent accumulated impaimient losses. An increase in the carrying amount of an asset a5 a resull of a revaluation, is recognized in other recognized gains and losses, unless il revefses a charge for impairment that has previously been recognized as expenditure wthin the statement of financial adivities. A decrease in the carrying amount of an asset because ol revaluatlobl, is rtrognize(l in other recognized gains and losses, except lo which rt offsets any PreV￿u5 revaluat-￿. gain. in which Case the loss is shown within other fecognized gains and losses on the ststpJy)ent ol financial actrvitjes. Depreclalion Depreciation is calculated lo write off the c05t or valuatK)n of an asset, less rts residual value. over the usefiil economb¢ lrfe of that asset a5 follows". Freehold property Fixtures and [￿]ngS over 50 years 20°A straight line Impairment of fixed assets A review for indicators of impainnent 15 carried oul at each reporting date. with the recoverable amount being e5b'mated where such indicatOTS exist. Where Ihe carrying value exceeds the recoverable amount, the asset 15 impaired aewdingly. Prior impairments are also reviewed for possible reversal al each reporting dale. 12 Oocu&sn Envdope10 82F57617£0B￿4A0C-9D￿3AE7w0)18l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements fcontinue Year ended 31 March 2023 Accounting poli¢ies{¢onllnyed) Impairment of fixed assets f¢onlinued) For the purposes ol impaim)ent lesling, when il is not ￿$SIble lo esb.mate the recoverable amount of an individual asset, an estsmate is made of the recoverable amount of the cash- generating unit lo whieh the asset belongs. The castrfrgenerating unit is the smallest identifiable group of assets that includes the asset and generates Cash inflows that are largely intjependenl ol the cash inflows from other assets oi groups of assets. For impaimient lesting of goodwill. the goodwll ¥quired in a business combination is, from the acquisition date. all¢xated to eath of Ihe cash-generating units th* are expected lo ber￿fil frorn the synergies of the combination. irrespecbve ol whelher other assels or liabilities of the charity are assigned to those utHts. Governmenl grants Government grants ace wognized al the fair value of the asset received or receivable. Grants are not fecognized until there is a reasonatAe assuran￿ that the charity ￿11 comply wilh the Conditions attached to them and the grants VAII be received. he￿ the grant does not impose specified fLrture perfomiance-related conditions on the recipient, it is recognized in income when the granl proceeds are received or receivable Where the grant does Impose specrfieé future performance-related condition5 on the recipient. il is recognized in income only when the performance-relaled ¢(￿ditionS have been mel. ￿ere gfanls received are prior lo satisfying the revenije re￿gnitIOn crileria. they are recc*3nized as a liability. Finan¢Sal instrument5 The charity has financial 35set5 and liabilities of a kind that qualfy as bas￿ financial in51rument5 Basic financial insliumenls are initially recognvzed at transaction value and subsequently measured al their settlement value. Limited by guarantee The Isledon Cornmunity Nursery Ltd 15 a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up. Grant income Unrestn'cted Funds Restricted Total Funds Funds 2023 Donations Donations 740 740 13 DocuSvJn EnbElope 10.. 82F57617-cOBWADC-90￿￿4EFOpffjD318l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (tortln Year ended 31 March 2023 Grant income (eonfynuedj Unrestricteo. Funds Resin'ded Total Funds Funds 2023 Grants London Borough of Islington 94.921 1,767 96,688 HMRC JRS Grant 94,921 1,767 96.688 Unreslricled Funds Restricted Total Funds Funds 2022 Donatlons Donations 15.683 15,683 Grants London Borough of Islington HMRC JRS Grant 101.803 5.OC(J 687 106,803 687 117,486 5.687 123,173 Charitable activities Unrestricte(l Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Fee Income 268,507 268.507 190.CK19 14J.009 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Fund5 2022 Bank interest ￿CeIvable 437 437 12 12 14 DowSYJn En¥t￿pe10." 82F57fj17£0B94ADC-9E￿3AE7II1603I8l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements {¢onlinuedJ Year ended 31 March 2023 Expenditure on charitatsle activities by fund type Unrestricted Fund5 ReStI￿le[l Total Funds Funtls 2023 Nursery Childcare Support costs 300,998 34.238 335,236 7.047 308,045 34,238 342.283 7,047 UnreStr￿ted Fvnds Restricted Total Funds Funos 2022 Nursery Childcare Support costs 309,321 33.1J 342.325 30.685 340,006 33,004 373,010 30.685 Expenditure on charitable activities by activity type Aclivrties undertaken directty SuP￿rt costs Total I￿ndS 2023 Total fund 2022 Nursery Childcare Govemance costs 338.783 338,783 3.5 342,283 369,010 4.¢)00 373,010 3,5 3,SCO 338,783 10. Analy$Ss ofsupport costs Anatysis of support costs activity 1 Total 2023 Total 2022 Premises General olfice Govemance eosts 14,662 16.076 3,500 34,238 14.662 16,076 3,500 34,238 17,119 11.885 4.000 33.004 11 Net expendlture Net expenditure is stated after chargir￿(CredIting)'- 2023 2022 Depreciats"on of tangible fixed assets 10,284 10,918 t)ocuSvJn En¥elope ID.. 82Fs7617£0B￿ADc-9oO￿jN£7oN*D3l81 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (Coniifftieo) Year ended 31 March 2023 12. Independent examlnation fep$ 2023 2022 Fees payable to the independent examiner for.. Independent examination of the finanoal statements 1,5C 1.500 13. Staff costs The average head count of ern￿oYeeS duiing the year was 1412022.. 14). The avefage number of lulktime equivalent employees during the year is analyzed as follows-. 2023 No. 2022 No. NLJfsery Staff Adminisiralion Staff 13 12 14 No employee received employee benefits of more than £60.000 duriThJ the year12022.' Nill. 14. Trustee remuneration and expenses No remuneration or olher benefi15 from employment with the charty or a related entity were reGeived by the trustees. 15. Tangible fixed assets Freehold Fixtures and propety fittings Total Cost Al 1 April 2022 Additions 264.003 48.144 312.147 At 31 March 2023 264,003 48,144 312,147 Dep￿CiatIon At 1 April 2022 Charge for the year At 31 March 2023 143,880 5.280 21,261 5.004 165,141 10,284 149.160 26.265 175,425 Carrylng amount At 31 March 2023 114,843 120,123 21.879 136.722 Al 31 Marth 2022 26,883 147,006 16 OocuSwJn Envebp¢ ID.. 82F5761740B￿PDc.9ELW3AEIlLOffj03181 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (Coniinuedj Year ended 31 March 2023 16. Dobto 2023 2022 Trade debtors Prepayments and income Other deblors 37,009 7,615 20,979 13,839 2,241 16,686 65,603 32,766 17. Creditors- amounts falling due within oneyear 2023 2022 Accruals and deferred In￿Me Other Creditors 10,500 51,304 61.804 11,400 48.236 59,636 18. Government grants The arnounls recogniied in the financial ststemenls for government grants are as follows.. 2023 2022 Recognized in income from Ik)nations and legacies.. Government grants income 687 19. Analysis of charitable funds Unrestricted fund5 At 31 Mar¢h2023 1 April 2022 Movement Inccrfne Expenditure General funds 89,921 {1.5781 363,865 1335.2361 116.972 31 Vl8rch2022 1 April 2021 M￿eMent Income Expenditure General funds 124.739 307,507 1342,3251 89,921 17 Dorusgn Enveb)pe ￿1.. 82F57617£0B￿￿Oc-9l￿)￿E7wD3I9l THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (cortinr￿0Y Year ended 31 March 2023 19. Analysis of charilable funds {¢onlinuedJ Restricted funds At 31 March 2023 At 1 April 2022 Incorne Expendilure Reslricle(J Fund 1 - desc in 120.123 1.767 17,047) 114.843 Al 31 M8rch 2022 1 April 2021 I￿orne Expenditure Reslricled Fund 1- desc in alcs 145.121 5,687 {30,685} 120,123 20. Analysls of net assets between funds Unreslricled Funds Restricted Funds Total Funds 2023 Tangible fixed assets CUr￿nt assets Creditors less than 1 year Net assets 21.879 156,897 161.8041 116.972 114,843 136,722 156,897 {61.8041 231,815 114.843 Unrestricted Fund5 Restricted Funds Total Funds 2022 Tangible fixed assets Current assets Creditors less than 1 ye Net assets 26.883 122,674 (59.6361 89,921 120.123 147,006 122,674 159,6361 210,044 120,123 21. Related parties The remuneration of key management personal was the onty related party transaction during the year.