OocusMJn Envelope ID.. F68AB8CE-AC70460>928E-AF06A6060096 COMPANY REGISTRATION NUMBER". 02872995 CHARITY REGISTRATION NUMBER: 1029478 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 86-90 Paul Street London, EC2A *AD481# 24101r2025 COMPANIES HOUSE A7
199
Docvsign Envelope ID.. F68A8BCE.AC71>4603.92BE.AF06A6C60096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10
Oocusi9n Envelope ID.. F68AB8CE-AC70460&928E-AFC6A6C60096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) 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 statements of the charity for the year ended 31 March 2024. Reference and administrative detalls Registered charity name THE ISLEDON COMMUNITY NURSERY TRUST Charity reglslratlon number 1029478 Company registration number 02872995 Principal office and registered THE SAM MORRIS NURSERY offlce PARKSIDE CRESCENT ISLINGTON LONDON N7 7JG The trustee8 REO El-ouarel K Lawton M A Walker Company secretary Juliette Toop Independent examlner Noor Choudhary FCA Independent Examiner Capshire IUKI LLP 86.90 Paul Street London EC2A 4NE
Docusign Envelope ID". F68A88CE-AC704603-92BE-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Structure, governance and management Goveming Documents The Isledon Community Nursery Trust is a registered charity and a company limited by guarantee. The Isledon Community Nursery Trust is also known and referred to as The Sam Morris Nursery. The maximum liability of each member is limited to £1. At 31 March 2024 th8 company had 3 {2023'.4) members. The Isledon Community Nursery Trust is governed by its Memorandum and Articles of Association. The Iruslees will embark on a review of the governing documenls and consider updating thèm lo reflect changes in charity and company law. The Isledon Community Nursery Trust was incorporated as a limited company limited by guarantee on 18th November 1993 The charity commenced operations in 1996. Recruitmenl, Appointment of Trustees Trustees, who are also Directors of the Company, are elected from the local community and musl either reside or work in the London 8orough of Islinglon or surrounding areas and be interested in furthering the work of the charity. An Elections Committee. made up of Trustees. the Company Secretary and chaired by the Chair is established to oversee the elections process for Board appointments. A separate process agreed by the Truslee Board is followed for the election of the Chair. The Reference and Adminislralive Details above idenlilies the constituencies that elected each of the current trustees. No other persons or bodies extemal to the charity were entitled to appoint people lo the Trustee Board. Induction of Trustees Newly appoinled Trustees are provided wilh a comprehensive induclion lo The Isledon Community Nursery Trust through the provision of training courses and mentioning by established trustees. Organizalional Structure The Isledon Community Nursery Trust is governed by its Trustee Board which is responsible for selling the strategic direction of the organization, approving ils financial budget and the policy of the charity. The Tluslees carry the ultimate responsibility lor the conduct of The Isledon Communily Nursery Trust and for ensuring that the charity satisfies ils legal and contractual obligations. Trustees meet as a minimum quarterly and delegate the day-to-day operation of the organization lo senior managemenl. The Trustee Board is independent from management bul receives regular reports on day-to-day operational issues. A register of interest is maintained al the registered office and is available lo the public for inspection, Related Parties The Isledon Community Nursery Trust is an independent nursery operating in the London Borough of Islinglon. The Isledon Community Nursery Trust works closely with Islinglon Council to obtain support and guidance on several strategic and operational issues. The nursery offers 10 community places which are subsidized by Islington Council. In order to receive this, along with additional funding such as the Nursery Education Grant {NEGI, the nursery is required lo comply with a Service Level Agreement (SLA) provided by the council. Opefaling policies are independently delermineé by the Trustee Board of The Isledon Community Nursery Trust in order to fulfill ils charitable objectives and comply with the OFFSET national standards. The ¢harily also co-operates and liaises wilh several other advisory services, local charities and social servlces departments on behalf of the service users. INhere one of the trustees holds the position of trusteeldire¢lor of another charity they may be involved in discussions regarding that other charity but not in the ultimate decision-makingprocess. Major risks The Isledon Community Nursery Trust continues to operate a Corporate Risk Management system. A risk management strategy is regularly reviewed and agreed by the Trustee 8oard. The Trustees
Docust9n Envelope ID.. F68AB8CE-AC746o92BE-AF0GA6o6oo96 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnu¢dJ Year ended 31 March 2024 recognize thai any major risks lo 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 action plans are in place to mitigate ils key risks. Included in external risks isthal of the loss of income and funding The effects ofthis have been minimized by the procedures in place, which have resulted in income being secured from a variety of sources. The cha rily continues to seek to diversify its funding sources. Internal risks are minimized by the implementation of procedures for authorization of all transactions and projects and lo ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure Ihat they still meet the needs of the charity. Objectives and activities Charitable Objects The charity's objectives are to advance the education of children below compulsory school age and thereby promote their mental, moral and physical development and improvement. Aims. Objeclives. Strategies and Activities for the Year The Isledon Community Nursery Trust aims lo provide a wide range of play and learning activities for children aged six months lo five years from the hours of 8am lo 6pm Monday lo Friday. Our overriding childcare philosophy is lo provide a stimulating and safe environment both indoors and outdoors for children within our care. We have a structured programme of aclivities each designed lo allow children lo learn through fun. imagination and thoughtful guidance, Our staff are trained lo bring out the besl in the children and lo help them develop into independent, compelenl and confident individuals. We also help children prepare for their eventual transition into mainstream schooling by helping parents with the adMSsIOnS process such as arranging school visits or by helping children prepare for a new learning environment, The children are provided with breakfast, lunch and a teatime snack during the course of the day. All meals are prepared on the premises by trained cooks aiming to provide nutritionally balanced and interesting meals. Personal preferences such as vegetarian or other dietary requirements are also catered for. All food handlers have the necessary health and safety certification. In addition to this, children have access lo a wide range of play and learning activities which focus on the individual interests and needs of the individual child. The layout of the environment ensures that children have independent acces5 to any activitie5 and resources of their choice, both indoors and outdoors. The nursery works in close partnership with children and their families. Parenls are always inviled into the nursery to partlcipale in activities and lo share their skills and abilities to enhance the learning experience of the children and staff. A range of social events both during nursery hours and out of nursery hours encourage parents to feel a valuable part of the nursery. Statement of Public Benefit The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by the charity during the year. The Iruslees are satisfied that Ihe information provided in the report and accounls meets the public benefi't reporting requirements. Children are welcomed frorn across the area of benefit once enrolled In accordance wilh the admissions policy. The principal activity of The Isledon Community Nursery Trust remains the provision of affordable daytime childcare to achieve the advancement of education for children below the statutory school age. Our provision is sel in accordance with the OFSTED national standard5 and the Early Years Framework and our SLA with Ihe London Borough of Islington. Strateglc report The following sections for achievements and performance and financial review form the strategic report of the charity.
Docusign Envelope 10.. F68ABBCE-AC704603-928E-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2024 Achlevements and performance Charitable Activities At the Isledon Community Nursery Trust we have around 36 diverse familie5 enrolled with us at present., 10 are single parent families, 20 families are part-time, and 6 families are full-lime. There is a total of 12 staff that work at Sam Morris.. 1 Manager (level 6), 1 Deputy (level 3), 1 Senior (level 3), 1 Nursery Practrtioner (level 5), 5 Nursery Practitioners (level 3'si. 1 Lunchtime Cover. 1 Cook {level 2 in food Safety in Catering) 1 Apprentice. We have continued to maintain a strong and positive relationship with our key stakeholders, including the Islinglon Council's Early Years Team. We have always been keen to support other nurseries in complying with good practice and regulatory requiremen15. The charily has worked closely with parents this year in supporting them to become more involved in management committee meetings, fundraising and general maintenance of the nursery. These have all been very successful and we will continue these positive relationships, Parents have also become more involved in their children's learning and developmenl via the use of online apps ie; Tapestry and Jigsaw. The nursery held fireworks and a Christmas event lo fundraise for resources. We shall be looking lo hold more DIY days next academic year, We have also had greal success with families sharing their cultural heritage by carrying out and sharing activities with the children. We will continue lo promote and encourage this as the children really enjoyed these experiences. All families are offered Ihe free 30- and 15-hours daycare. Parents are means tested and give the nursery the relevant code should they be enlilled to the 30 hours, Flnanclal revlew ReseeS Policy The Isledon Community Nursery Trust is required to ensure that free monies are available in each financial year lo meet any reasonably foreseeable contingency The Isledon Community Nursery Trust will ensure that income continues lo be derived from as wide a variety of sources possible. They will take all necessary steps lo ensure that at no lime within this period would il be possible for the ce5salion of one or more funding streams to present so serious a challenge to the future of the organizalion that it could not be managed to continue lo provide a best value seNice In reviewing the potential costs that could arise should a significant reduction in income be incurred Ihe Trustees have determined that 'free' reserves should be maintained equal between 3 and 6 months normal operating expenditure which equates to between £99.500 and £199.000. Principal Funding Sources The Directors extend Iheir gratitude to Islington Council who continued lo support the core operating capacity of the charity. Additionally. fees payable from parents conlribuled to the income of the charity. The charity did nol have any borrowings from either provider of funding or other sources al the balance sheet date. Funds in Deficit No funds were in deficit at the balance sheet date.
Docusign Envelope ID.. F68ABBCE-AC704603-928E-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (¢onilnued) Year ended 31 March 2024 Plans for future periods The Isledon Community Nursery Trust aims to continue to provide high quality childcare for all families. We are working with our local council to provide more opportunities for families from a disadvantaged background through training and nursery placements. Trustees Responsibllities The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Practice). Company law requires the charity Iruslees lo prepare financial statemenls for each year which give a true and fair view of the slate of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required lo.. {1 } select suitable accounting policies and then apply them consistently., {2} observe the methods and principles In the applicable Charities SORP., (3> make judgments and aceounling estimates Ihat are reasonable and prudenl;{ {4} prepare the financial statements on Ihe going concern basis unless il is inappropriate lo presume that the Charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, annual report and the strategic report were approved on 20 January 2025 and signed on behalf of the board of trustees by. $1gn•d by.. A WALLLY FFEA8DOIDC804A3... M A Walker Trustee
Docusi9n Envejope ID.. F68A8BCE-AC7(4G03-92BE-AFO6A6060Q96 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Independent Examiner's Report to the Trustees of THE ISLEDON COMMUNITY NURSERY TRUST Year ended 31 March 2024 I report to the trustees on my examination of the financial slalements of THE ISLEDON COMMUNITY NURSERY TRUST ('Ihe charity'l for the year ended 31 March 2024. Responslblllties and basis of report As the Iruslees of the company land also its direclors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'i. Having satisfied myself Ihal the accounts of the company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of Ihe charity's accounts as carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'}, In Carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145{51{b) of the 2011 Act. Independent examlner's statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am member ofthe Institute of Chartered Accounlanls in England and Wales (ICAEW), which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of Ihe charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounls give a 'lrue and fair. view which is not a maltef Considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Docusi9n Envelope 10.. F68A8BCE-AC70460>92BE-AF(kSA6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Independent Examiner's Report to the Trustees of THE ISLEDON COMMUNITY NURSERY TRUST (continuodj Year ended 31 March 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Noor Choudhary FCA Independent Examiner 86-90 Paul Slreet London EC2A 4NE 20 January 2025
Doctssign Envelope ID.. F68A88CE-AC70460&92BE-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted Funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Grant Income Charitable activities Investment income 97,568 270,138 964 5,254 102,822 270.138 964 96,688 268,507 437 Total income 368,670 5,254 373,924 365,632 Expendlture Expenditure on charitable activities Total expendlture 381,659 381.659 342.283 381,659 381,659 342.283 Net expendlture and net movement In funds (12,9891 5,254 17,735) 23,349 ReconcllSatlon of funds Total funds brought forward Movement 116,972 114,843 231,815 210,044 11 ,578} Total funds carried fOard 103,983 120,097 224,080 231,815 The slalement of financial activities includes all gains and losses recognized in the year, All income and expenditure derive from continuing activities.
Docusign Envelope ID.. F68A8BCE-AC704603-926E-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 124,859 136.722 Current assets Debtors Cash al bank and in hand 16 108,255 51,145 65,603 91,294 159,400 156,897 Credltors: amounts falling due wlthln one year Net current assets 17 60,179 61,804 99,221 95,093 231,815 Total assets less current Ilabllltles 224,080 224,080 Net assets 231,815 Funds of the charity Restricted funds Unreslricled funds 120,097 103.983 224,080 114,843 116,972 231,815 Total charity funds 18 For the year ending 31 March 2024 the charily was enlilled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responslbilities.. The members have not required the company lo oblain an audit of ils financial statements forthe year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the reouiremenls of the Act with respect lo accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime, These fi'nancial statements were approved by the board of trustees and authorized for issue on 20 January 2025, and are signed on behalf of the board by.. Slonvd by.. FFEA8DDIOGfj04A3... M A Walker Trustee The notes on pages 10 to 18 form part of these financial statements.
DocuswJn Envelope ID.. F68ABBCE-AC71)460&928EAF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wale5 and a registered charity in England and Wales. The address of the registered office is THE SAM MORRIS NURSERY, PARKSIDE CRESCENT, LONDON, N7 7JG, UK. Statemenl of compllance These financial slalements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Stalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 {Charilies SORP {FRS 102)) and Ihe Companies Act 2006. Accountlng pollcles Basis of preparation The financial statements have been prepared on a historical cost basis, as modified by the revaluation of certain financial assets and liabilities and inveslmenl properties measured al fair value through income or expenditure. The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity. Going concern There are no material uncerlainlles about the charity's ability to continue. Judgements and key sources of estimatlon uncertainty In the application of the company's accounting policies, the management committee are required to m8kejudgements. eslimales and assumptions about the carrying amount ofassets and liabilities that are not readily apparent from other sources, The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates, The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the éstimate is revised where the revision affects only that period, or in the period of Ihe revision and future periods where the revision affects both current and future periods. 10
Do¢usign Envelope ID.. F68ABBCE-AC704603-92BE-AFO8A6(E0096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Ststements {¢ontinuedJ Year ended 31 March 2024 Accounllng policles (¢ofttinued) Fund accountlng Unrestricted funds are available for use at the discretion of the truslees to further any of the charity's purposes. Designated funds are unreslricled funds earmarked by the Iruslees for future project or commitment. Restricted funds are subjected to reslriclions on their expenditure declared by the donor or through the terms of an appeal and fall into one of Iwo sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entillemenl has passed to the charity., it is probable that Ihe economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured, The following specific policies are applied lo categories of income,. Income from donations or grants is recognized when there is evidence of entitlement to the gift, rec8ipI is probable, and rts amount can be measured reliably. legacy income is recognized when receipt is probable. and entitlement is eslablished. Income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from Ihe cost lo the donor or the eslimaled resale value. Donated facilities and services are recognized in the accounts when reiVed if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognized with the delivery of the contracted service. This is classified as unrestricted funds unless there is a conlraclual requirement for il lo be spent on a particular purpose and returned if unspenl, in which case il may be regarded as reslricled. 11
DO$19n Envelope ID.. F68ABBCE-AC704603-92BE-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Flnanclal Statements {ctsntinuedJ Year ended 31 March 2024 Accounting pollcles (continued) 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 of the statement of financial activities to which rt relates: expendilure on raising funds includes the costs of all fundraising activitie5, events, non- charilable trading aclivilies, and Ihe sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking aclivilies that further 115 charitable aims for the benefil of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenijilure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs altribulable lo a single activity are allocated directly io that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cosl, and subsequently slated at cost less than any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying arnounl of an asset as a result of a revalualion, is recognized in other recognized gains and losses. unless it reverses a charge for impairment that has previously been recognized as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset because of revaluation. is recognized in other recognized gains and losses, except lo which it offsets any previous revaluation gain, in which case the loss is shown within other recognized gains and losses on the statement of financial activities. Depreclallon Oepreciation is calculated to write off the c05t or valuation of an asset, less its residual value, over the useful economic life of that asset as follows., Freehold property Fixtures and fittings over 50 years 200/0 straight line Impairment of flxed assets A review fbr indicators of impairment is Carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 12
Docusi9n Envelope ID.. F68ABBCE-AC704603-92BE-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Notes to the Financial Statements l¢ontinuedJ Year ended 31 March 2024 Accounting policies (coniinued) Impairment of fixed assets ftontlnu•d) For the purposes of impairment testing. when il is nol possible to estimate Ihe recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unil to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goothill, the goodwill acquired in a business combination is. from the acquisition date. allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of Ihe charity are assigned to those units. Government grants Government grants are recognized at the fair value of the asset received or receivable. Grants are not recognized until there is a reasonable assurance that the charity will comply wilh the conditions allached to them and the grants will be received. Where the grant does not impose specified future performance-relaled conditions on the recipient, il is recognized in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-relaled conditions on the recipient, il is recognized in income only when the performance-relaled conditions have been mel. Where grants received are prior to sa115fying the revenue recognition criteria, they are recognized as a liability. Flnanclal Instruments The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inith.ally recognized al transaction value and subsequently measured al their settlement value. Llmited by guarantee The Isledon Community Nursery Ltd is a company limiled 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 £110 the assets of the charitable Company in the event of it being wound up. 13
Docuswjn ETrvelope10.. F68A88CE.AC71¥460>928E_AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Grant income Unreslricted Funds Restricted Total Funds Funds 2024 Donations Donation 989 989 Grants London Borough of Islington 96.579 97.568 5,254 5.254 101 ,833 102.822 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations Grants London Borough of Islingion 94,921 1,767 96,688 94.921 1,767 96.688 Charitable actlvStles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fee Income 270,138 270,138 268,507 268.507 Investment Income Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Bank interest receivable 964 964 437 437 14
Doctssw2n Envelope ID.. F68ABBCE-AC7o460&928E-AF06A806(X6 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Expendlture on charltable activltles by fund type Unreslricted Funds Restricled Total Funds Funds 2024 Nursery Childcare Support cos15 345,945 35.714 345,945 35,714 381,659 381,659 Unieslricted Funds Reslricled Total Funds Funds 2023 Nursery Childcare Support costs 300.998 34,238 335,236 7,047 308,045 34,238 342.283 7.047 Expenditure on charltable activlties by activity type Aclivitles undertaken directly Support costs Total funds 2024 Total fund 2023 Nursery Childcare Governance costs 345,945 32,214 3.500 35,714 378,159 3,500 381.659 338,783 3,500 342,283 345,945 10. Analy815 of Support costs Analysis of support costs Unrestricted funds Total 2024 Total 2023 Premises General office Governance costs 18,703 13,511 3,500 18,703 13.511 3,500 14,662 16,076 3,500 34,238 35,714 35.714 11 Net expenditure Nel expenditure is stated after chargingl{crediting)'. 2024 2023 Depreciation of tangible fixed assets 11,863 10,284 15
Docvsign Envelope ID.. F68ABBCE-AC704603-92BEAF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 12. Independent examinatlon fees 2024 2023 Fees payable lo the independenl examiner for. Independenl examination of the financial statements 1,500 1.500 13. Staff costs The average head count of employees during the year was 1412023.. 12). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. Nursery Staff Administration Staff 13 14 12 No employee received employee benefits of more than £60,000 during the year12023'. Nil}. 14. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 15. Tanglble fixed assets Freehold Fixtures and property fittings Total Cost At l April 2023 Additions 264,003 48,144 312,147 At 31 March 2024 264.003 48,144 312.147 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 149,160 5.280 26,265 6,583 175.425 11.863 154,440 32,848 187,288 Carrylng amount At 31 March 2024 109,563 114,843 15,296 21,879 124,859 136,722 At 31 March 2023 16
Oocuson Envelope ID". F68ABBce-AC70460>928E-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (ctsnllnuedj Year ended 31 March 2024 16. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 75,134 8.000 25,121 37,009 7,615 20,979 108,255 65.603 17. Credltors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income Other creditors 7,000 53.179 10,500 51,304 61,804 60,179 18. AnalygSs of charllable fund8 Unrestricted funds At 31 March2024 1 April 2023 Movemenl Income Expenditure General funds 116,972 368,670 (381.6591 103,983 Al 31 March2023 Al 1 April 2022 Movement Income Expenditure General funds 89.921 (1,578) 363,865 (335.236) 116.972 17
Docusign En*elope ID. F68ABBCE-AC704603-92BE-AF06A6060096 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (Conllnued) Year ended 31 March 2024 19. Analysis of charltable funds (continued) Restrlcted funds At 31 March 2024 Al 1 April 2023 Income Expenditure Restricled Fund 1 desc in alcs 114,843 5,254 120,097 Al 31 March 2023 Al 1 April 2022 Income Expenditure Restricted Fund 1 desc in alcs 120,123 1,767 17,047) 114,843 20. Analysls of nel assets between funds Unreslricled Funds Reslricled Funds Total Funds 2024 Tangible fixed assets Current assets Credilors less than 1 year Net assets 4,762 159,400 160,179) 103,983 120,097 124,859 159,400 (60.179} 224,080 120,097 Unre51ricled Funds Restricted Funds Total Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 21,879 156,897 {61,8041 116,972 114,843 136,722 156,897 161,804) 231,815 114.843 21. Related partles The remuneration of key management personal was the only related party transaction during the year. 18