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
*AD￿481#
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-AC7￿46o￿92BE-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
adM￿SsIOnS 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
Rese￿eS 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 fO￿ard
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 re￿iVed 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(X￿6
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