Do¢usign En¥t￿pe ID.. DW7$SF￿06FA4E4F.Bo9￿76EEssC41gB COMPANY REGISTRATION NUMBER.. 02872995 CHARITY REGISTRATION NUMBER: 1029478 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 86-90 Paul Street London, EC2A •AEZIOFHV* 3110m6 COMPANIES HOUSE 25 f275 Docusign En¥elope10.' D3o755F&C￿FA4E4F.￿D9￿76EE5Sc4l9B THE ISLEDON COMMUNITY NURSERY TRUST Company Llmited by Guarantee Financial Statements Year ended 31 March 2025 Page Truslees, annual report {in¢orporating the dire¢torfs report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 Oocuggn Envei(4)e10". 030755FI>￿A4E4F-BD9>c76EE5SC41g8 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The Iruslees, who are also the directors for purposes of company law, present their report and the unaudited financial 5talemen15 of the charity for the year ended 31 March 2024. Reference and adminlslrative detalls Reglstered charlty name THE ISLEDON COMMUNITY NURSERYTRUST Charity registration number 1029478 Company regtstration number 02872995 Principal office and registered THE SAM MORRIS NURSERY office PARKSIDE CRESCENT ISLINGTON LONDON N7 7JG The tru$tg9$ R El-ouarel K Lawlon M Awalker Company Secretary Juliette Toop Inde￿ndent examlner Noor Ch¢xJdhary FCA Independent Examiner Capshire IUKI LLP 8&90 PaLd Street London EC2A4NE Dow￿￿ Envelcye ID.. D30755FO-D6FA4E4F4Dg5¢76EE55C419B THE ISLEDON COMMUNITY NURSERY TRUST Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (Caminuedj Year ended 31 March 2025 Structure, governance and managemeJ)t Governing Documenls The lsledon Community Nursery Trust is a regiStere(J charity and a company limited by guarantee. The Isledon Community Nursery Trust is also known and referred io as The Sam Morris Nursery. The maximurn liability of each member is limited lo £1_ At 31 March 2025 the company had 3 12024.31 members. The Isledon Community Nursery Trust is governed by ils Memorandum and Articles of Association. The trustees vrill embark on a review of the governing documents and consider up06FA4E4F.8tIWC76EE55C4198 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Reportl (tontsnuedj Year ended 31 March 2025 recognize that any major risks lo which the charty is exposed need io be reviewed and systems put in place lo miligale those risks. To that end the Isledon Community Nursery Trust 15 continually monitorin9 and managing Ils risk, and ensuring action plans are in place to mitigate ils key risks. Included in external risks is that of the loss ol tncome and funding. The effects oflhis have been minimized by the procedures in place. which have resulted in income being secured from a variety of sources. The charity continues lo seek lo diversify ils funding Soufces. Internal risks are minimEed by the implemenlalv)n of procedures for aulhorizalion of all transaCti￿S and projects and to ensure consistent quality of delivery for all operational aspects of the chaiilable company_ These pr¢xedures are periodically reviewed lo ensure Ihat they still meet Ihe needs of the charity. Objectivos and aGtivities Charitable Objeds The charity'5 objectives are lo advance the edl￿tiOn of children below compulsory school age and thereby promote their mental, moral and physical devel¢)pment and improvement. ms, Obje¢liv&s. Strategies and Acllvilies lor the Year The Isledon Community Nursery Trust aims to prowde a V•ide range of play and learning activities for children aged six monlhs to five years from the hours o18am to 6pm Monday lo Friday Our overriding childcare philosophy Is to provide a stimulating and safe environment both indoor5 and outdoors for children wrthin our care. We have a structured programme of activities each designed to allow children lo learn through fijn, imaginatitsn and thoughtful guidance. Our staff are irained to bring out the best in the children and lo help them develop into Independent. compelenl anrj confident inOividual$. We also help Children prepare for their eventual Iransrtion into mainstream schooling by helping parents wrth the admissions proces5 such as arranging school visrts or by helprng children prepare for a new learning envIr￿ment. The children are provided wth breakfast. lunch and a teatime snack during the course of the day. All rneals are prepared on the premises by trained cooks aiming to provide nutritionally balanced and interesting meals. Person81 preferences such as vegetarian or other dietary iequiremenls are also catered for. All f¢Jod handlers have Ihe necessary health 8ThJ safely certrfication. In addition lo Ihis. children have access to a range of play and learning activilies which focus on Ihe individual interests an¢J needs of the individual child. The layout of the environment ensures that children have Independent access lo any activities and resources of ihe1r choice. both indoois and outdoors. The nursery works in d05e partnership with children and their families Parents are always invited into the nursery lo particApale in activities 8ncl to share their skills and abilities lo enhance the leaming experience of the ¢hildren and staff. A range of social events both duriThJ nursery hours and out of nursery hours encourage parents to feel a valuable part ol the nursery. Statement of Public Benefit The trustees have paid due regard to the Charity CornmissKJn's guIdar￿e on public benefit in deciding the activities undertaken by the charity during the year The trustees are satisfied that the information provided in the report and accounts meets the publi¢ benefrf( reporting requirements. Children are welcomed from across the area of benefit once enrolled in accordance with the admissions policy The principal activity of The Isledon Community Nursery Trust remains the provision of affordable daytime childcare to achieve the advancement of educalion for childfen below the stalulory sthool age. Our provision is set in accocdance with the OFSTED nats.onal standards and the Early Years Framework and our SLA with the Lon(Jon Borough of Islington. Doajsign Envelope ID." O20755Ff￿06FA4E4F.Bo95c76EÉS5c4l$B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) (¢ontlnuoOJ Year ended 31 March 2025 Strategic report The followng sections fcf achievements and performance and financial review form Ihe Strategic repcwt ol the charity. Achievemeftts and pertomiance Charitable Activities At the Isledon Commurdty Nursery Trust we have around 36 diverse families enrolled with us al present.. 1 Cl are single parent families, 20 families are part-lime. an¢J 6 families are fulktime. There is a lolal of 12 staff that work al Sam Morris.. 1 Manager (level 6), 1 Deputy {level 31, 1 Senic•r (level 31, 1 Nursery Praclilionei (level 51, 5 Nursery Practitioners Ilevel 3,$1, 1 Lunchtime Cover, 1 Cook (level 2 in food Safety In Catering) 1 Apprentice. We have ￿ntInued to maintain a strong and positive relationship with our key slakeholders. Indvding the Islinglon Council's Early Years Team. We have always been keen lo support other nvrseries in complying vthh good practice and regulatory requirements. The charty has worked closely with paienls this year in suppo￿"ng them lo become more Involved in management commrttee meets'ngs, fvndraising and general maintenance ol the nursery. These have all been very successful an¢J we will continue these positive relationships. Parents have also become more involved in their children's learning and development via the use of online apps i.e. Tapestry and Jigsaw. The nurse¥y held fireworks and a Christmas event to fundraise for resour￿s. We shall be looking to hold rnore DIY days next academic year. We have also had great succe5S With families sharing their cuttural heritage by carrying out and sharing a¢tivrties with the children. We wll continue lo promote and encourage this as Ihe children really enjoyed these experiences. All families are offered the flee 30- hour5 and 15-hours daycare. Parents are means tested and give the nursery the relevant code should they be entitled to the 30 hours. Finan¢lal review Reserve5 Policy The Isledon Community Nursery Trust is required to ensure that free rnonies are available in each fironcial year lo meet any reasonably foreseeable contingency The Isledon Community Nursery Tru51 11 ensure that income continues lo be derived from as wide a variety of 50urce5 POS5ible. They will lake all necessary steps lo ensure that al no time within this period would il be possible lor the ce55ation of one or more funding SI￿am$ to present so serious a challenge lo the fLrture of the organizalion that it could not be managed to continue to provide a besl value service. In reviewng the polential ¢osts that ould arise should a Significant reduction in Income be Incurred the Truslees have delermined ihat'free. reserves should be maintained equal belween 3 and 6 months nomal operating expenditure which equates to between £99,500 and £199.000. Principal Funding Sources The Directors extend their gratrtude lo Islington C￿nCil who continued lo support the core operating capacity of Ihe charity. Additionally. fees payable from parents contributed lo the incorne of the charity. The charity did not have any borrowngs from either provider of funding or other sources al the balance sheel date. Funds in Deficit No funds were in (Jeficrt al the balance sheel date. 00w￿90 En¥ebpe10.' D30755FfyD6FME4F-8tW76EE55C4198 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Directorfs Report) Icontinued) Year ended 31 March 2025 Plans for future perlods The Isledon Community Nursery Trust aims to conts.nue to provide high quality childcare for all families. We are working with our local ccyjnal lo provide more opportunities for families from a disadvantaged background through training and nursery placements. Tru$teg$ Respon$lbilities The Iruslees. who are also directors lor the purposes ofcompany law, are responsible for preparing the Iruslees. rewrt and the financial slalements in accoTdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity twstees to prepare financial 51alemenls for each year which give a true and fair view of the state ol affairs of the charitable company and the incoming resources and application ol resources. induding the income and expenditure, for that period. In preparing these finanual statements. the trustees afe required to." 111 select suitable &counling polioes and Ihen apply Ihem consislenlly.. 12} observe the methods and principles in the applicable Charities SORP., 13) make judgments and accounting estimates that are reasonable and prudent., 14) prepare the financ¢al statements on the going concern basis unless it is inappropriate to presume that the charity will continue in bu51nes5. The Iruslees are responsible for keeping adequate accounb.ng records that are sufficient lo show and explain the ¢harity's transactions and disclose reasonable accuracy al any time the financial position of the charity and enable them to ensu￿ that the financial slatements 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 wevention and delection of fraud and other irregularities. The Iruslees. annual report and the strategic report were approved on 30 March 2026 and signed on behaw of the board of trustees by". (1)￿￿ M A Walker Trustee Docusign Enweiope ID 030755F1>06FA.4E4F.8095-C76EE55C419B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Independent Examinerfs Report to the Trustees of THE ISLEDON COMMUNITY NURSERY TRUST Year ended 31 March 2025 I report lo the trustees on my examination of the financial slalements of THE ISLEI)ON COMMUNITY NURSERY TRUST Ilhe charty'l for the year ended 31 March 2025. Responsibilities arjd basis of report A5 the trustees of the company land also tts direct(Ys fr)r the purpose5 of company lawl you are responsible lor the preparation of the financial slalemenls in accordan¢e with the requirements ol Ihe Companies Act 2006 {'Ihe 20C6 Acl'l. Haviro satisfied myself that the accounts of the company are not requirecl lo be audited under Part 16 of the 2006 Act and are eligible lor independent examination. I report in respect of my examination of the charity's accounts as carried out under secb.on 145 of Ihe Charitie5 Art 2011 I'lhe 2011 kt'l. In carrying out my examination I have followed the Direcb"ons given by the Charity Cornmission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the charity's gross bncome eXCe￿ed £250.000 your examiner musl be a member ol a body listed in section 145 01 the 2011 Act. I confirm ihal l am qualified to undertake the examination because l am member of the Insts'tuie of Chartered Accountants in England and Wales (ICAEWJ, which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have come to my attention In connethon with the examinalson giving me cause lo believe.- 8ccounling ￿cOrdS were not kepi in ￿sPeCt of the charity as required by secb.on 386 of the 2006 Act., or the financial stalements do not a¢wd with those records.. or the financial slatements do not wrth the accounting requirements of section 396 of the 2006 Act other than any requirement Ihal the a¢¢ount5 give a 'lrue and fairf view bthich Is not matter Considered as part of an inJependenl examination., or the financial slatements have not been prepared In accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable io tharits.es preparing their accounts In accordance w(th the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 1021. )rJJ51gn En¥ekJpe ID.. D30755F￿06FA4E4F.BDgS.G7sEESsc•l THE ISLEDON COMMUNITY NURSERY TRUST Company Llmited by Guarantee Independent Examinerfs Report to the Trustees of THE ISLEDON COMMUNITY NURSERY TRUST { contsnuedj Year ended 31 March 2025 I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to en3￿e a proper understanding of the accounts lo be reached. J-.. LL..k. Noor Choudhary Ind9pendent.EXarnir￿r 86-90 Paul Street London EC2A4NE 30 Marctr) 2026 Docusign En¥e10￿ ID.. D30755FO-D6FA4E4F*095C76EESSC419B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Stalement of Financial Activities Ilncluding inGome and expenditure account) Year ended 31 March 2025 2025 Re5th"cled F.unds Total funds 2024 Unreslricled funds Total funds Not• Income and endov•Tnents Grant Income Charitable activities Inve5lment income 154.191 270.508 853 154.191 270.508 853 102.822 270,138 Total income 425.552 425.552 373,924 Expendlture Expenditure on charitable activities Totsl expenditure 404,031 15,813 419,844 381,659 404,031 15,813 419,844 381,659 Net expenditure and net movement in funds 21,521 115,813) 5.708 17.7351 Reconciliation of funds Total funds brought lo￿ard Movement 103,983 120,097 224.080 231,815 Total funds ￿rried fonvard 125,504 104.284 229,788 224,080 The statement of financial activities includes all gains and10sses recognized in the year. All irKome and expendrture derive trom conts"nuing acb"vits"e5. Do¢usKJn Envelope KJ.. 030755F(kD6FA4E4F.BLY￿76EEs5CAjg8 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Fixed assets Tangible fixed assets 15 117.982 124,859 Current assets Debtors Cash al bank and in har 16 117.613 57.483 108.255 51,145 175,096 159,400 Credi¢ors: amovnts falling due within one year Nèt current assets 17 63,290 111,8C6 60,179 99,221 Total assets less current liabilities 229,788 229,788 224.080 Net assets 224,080 Fund5 of the charity Re51iicled funds Unre51ricted lunds 104,284 125,504 229,788 120,097 103,983 224,oeo Total charity funds 18 For the year ending 31 Maich 2025 the charity was entiued lo exemplion fiom audit under seciion 477 ofthe Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required Ihe Company lo obtsin an audit of its finanoal slalements forthe year in question in accordance with section 476., The directors acknowledge their responsibilities for Gomplying with the requirements of IheAct with fespecl lo accounting recor¢Js and the preparation ol financial slalemenls These financial statements have been prepared in accordance with the provisKJns applicabse to companies subject to the small companies, regime. These financial slalements were approved by the board of trustees and athhorized for issue on 30 March 2026. and 8fe signed on behaw of the Lx)ard by". M A Walker Trustee The notss on page$ 10 10 18 fom part of thest finanelal statsments. Oorusign En¥dope ID". 0￿75SF￿D&¢A4E4F.BDg￿76EEsSC4l$8 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a private company limited ty gvaranlee. registered England and Wales and a registere¢Y charity in England and Wales. The address of the registered office 1$ THE SAN MORRIS NURSERY, PARKSIDE CRESCENT. LONDON, N7 7JG, UK. Statement of compliance These financial statements have ken prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Irefand. the Slalement of Recommended Praclice 'A¢counling and ReportirrtJ by Charities. Statement ol Recommended Pradice applicable lo charrties preparing iheir accounts in accordance with FRS 102, Isecond edth'on. effective 1 January 20191, and the Cornpanies Act 20C6. Accounting policlès Basis of preparation The financial statements have been prepared on a historical cost basis, as modified by the revalvalion of certain financial assets and liabililies and inve51menl properties measured al fair value through income or expenditure. The financial statements are prepared in 5terfing (rounded lo the nearest pound), which is the functional currency of the ents'ty. Golng concern There are no material uncertaintie5 abcyjl Ihe ¢harity's abilty to continue. Judgements and key sources ol estimation uncertainty In the app￿cation of the company's accounting poh"cies. the management committee are iequired lo make judgements. estimates and assumptions aboutthe eatrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are b35ed on historical experience and other factors that are relevant. Actual results may differ from these estimate5. The eslimales and underlying as5UmPtions are reviewed on an ongoing basi5. Revisions lo accounb'ng estimates are recognized in Ihe period in which the eslimale is revised where the revision affects only that perith1. or in the peric￿ of the revision and fulure peritxls where the revision affects both current and future periods. 10 Do¢u$iyn Envelope ID.. 030755F1>06FA4E4F.BD95£76EE55C41 THE ISLEDON COMMUNITY NURSERY TRUST Company Limitsd by Guarantee Noles to the Financial Statements Iconti Year ended 31 March 2025 Accounting policies [c4)ntinuedJ Fund accounting Unrestricied Ivnds are available for use at the discretion of the Iruslees lo fwlher any of the charity's purwses. Designated funds are unreslrided fvNJs earmthed by the truslees for fvture project or commitment. Restricted funds are subjected to restrictions on I￿1r expenditure dedared by Ihe donor orthrough the terms of an appeal and fall into one of sul>classes". restricted income funds or endowment lund5. IncomSng resource$ All incwing resources are induded rn the $lalernellt of financial activitie5 when entitlement has passed to the charity,. it 15 probable that the economi¢ benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The follow¢'ng sp￿ffic poli¢ie$ are applied lo categories of income" Income from donations or grants is recognized when there is evidencp ol entillemenl lo the gift, receipt is probable. and ils amount can be measLrredreliably. legacy income i5 recognvzed when r￿elpt is probable. and entillemenl is established. Income from donated goods is measured at the fair value of the goods unless this is impra¢ti¢al to measure reliably. in which case the value is denved from the c05t lo the donor or the eslimaled resale value. Donated facilities and services are recognized in the accounts when received if the value Can be ￿liablY measured. No amounts are included for the contribution of g￿ra1 volunteers. Incorne from contracts lor the supply of seivices is recognized with the delivery of the contracted service. Thi5 is classified as unrestricted funds unless there is a contractual requirement for it to be 5penl on a particular purpose and returned if unspent. in whith case il may be regarded as restricted. 11 Docus¥n En¥Ekipe ID.. DW75SFL￿D6FA4E4F-BD9S£?6EE5Sc419B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Ststements (¢ontinue Year ended 31 March 2025 Accounting policies (Continued) Resourees expended. Expenditure is cecognizeu on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be lully recove¥e(l. and is dassified under heacjings oflhe slalemenl ol financial livities to which it relat*5-. expendrture on raising funds ir￿lUdeS the c05ls of all lundraising acb"vrties. even15. non- charitable trading aclivib"es, and the sale of donated gocrtls. expenditure on ¢haiilable activities includes all costs incurred by a charty in undertaking activities that further its charrtable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governar￿e of the charity apportioned to ch8ritable aclivilies. other expenditure includes all expenditure that ts nettl*r related lo raising funds for the charity nor part of ils expendrlure on charitable activities. All costs are allocated to expendibjre categories ref*ting the use of the resource. Direct costs attributable to a single activity a￿ allocated dire¢tly to th81 a¢bvty. Shared costs are apportioned between the aclivibes they contnbute to ffi 3 reasonable. jusb"fiable and eonsistenl basis Tangible assets Tangible assets are initially reeorded at cost. and subsequently stated al c05t less than any accumulated depreciation and impaiiment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent aCcumU￿1ed impairment losses. An increase in the carrwng amounl of an asset as a result of a ievaluation, is recognized in other recognized gains and1055es, unless it reverses a charge for Impairment that has previously been recognized as expenditure wiihin the statement of financial activities. A decrease in the carrying arnounl ol an a55et because of revaluation, is recognized in other recognized gains and losses. except lo which rt offsels any prevK>US revaluation gain, in which case the loss is sl)own within other ￿Cogn￿ed gains and losses on the slalement of financial ath"vilies. Depreciation Depreeiation is calculated to write off the cost or valuation of an asset. less ils residual value, over the useful economic lrfe of that asset as follows_. Freehold property Fixtu￿$ and filtings over SO years 20% straight line Impairmeni of fixed assets A review for ind¢ators of impaimient is carried out at each reporting date. with the recoverable amounl being estimated where such Indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaiied a¢￿InglY. PriLw impaimients are also reviewed for possible ieversal al each reporting date. 12 Dow$ign Envelope ID.. 030755F￿DoFA4E4F.BD￿5¢76EES5C41 THE ISLEDON COMMUNITY NURSERY TRUST Company Llmited by Guarantee Note5 to the Financial Statements l¢ontsnuedJ Year ended 31 March 2025 Accounting policies (¢ontsnvedJ Imparrment ol flxed assets {C¢JrtUntredJ For the purposes of Impairment testing. when il is not possible to estimate the recoverable amount of an individual asset, #n estimate is made of the recoverable amount of the ¢asfv generating unit to which the asset belongs. The ¢asfvgeneTating unil is the smallest identifiable group of assets that indudes the asset and generates cash inflow5 that are largely independent of the cash inflows Irom other assets or groups of assets. For impairrnenl le51ing of goothill. the goo￿111 acquired in a business combinatson is, from the acquisition date. allocated to each of the cash-generaling units that are expected to benefit Irom the syner9ies of the combinalion. irrespective ol whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants a￿ ￿<>anized al the fatr value of the asset received or receivable. Grants afe not recognized until Ihere is a reasonable assurance that the charty wll comply wrth the condiknons attached lo them and the grants will be ceceiveil ere the granl does not imw)se specified future performance-relaled widitions on the recipient. it is recognized in income when the grant proceeds are re￿1ve￿ or Teceivable. Where the grant does impose speeified ILrture performance-related conditions on the recipient, it is recognized in income only when the performance-related conditions have been met. Where grants received awe pr￿r lo sab'sfying the revenue recognition cniefia. they are recognized as a liabilf(y. Financial instruments The charity ha5 financial assets an¢J liabilib"e5 of a kind that qualrfy a5 basic financial in51rumenls. Basic financial instruments are initially reccgnize(l al transaction value and subsequently measured al their settlement value. Limited by guarantee The Isledon Community Nufsery Lld is a company limited by guarantee and accordingly does not have share capitsl. Every member of the company undertakes to conlribule such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up. 13 Dow5vJn en¥dDpe 10.. D30755FL￿6FA4E4F.8D95£76EE55C419B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (contime Year ended 31 March 2025 Grant income Unreslricled Funds Reslricled Total Funds Funds 2025 Donations Donation 108 Grants London Borough of Islington 154.083 154,083 1S4,191 154.191 Unreslricted Funds Restricted Total Funds Fvnds 2024 Donations Donations 989 Grants London Borough of Islington 96,579 5,254 101.833 97,568 5.254 102.822 Charitable activitles Unrestricted Total Funds Unreslrthd Total Funds Funds 2025 Funds 2024 Fee Income 270.508 270,508 270,138 270,138 Investment Income Unreslricle(J Total Funds Unrestrlrted Total Funds Funds 2025 Funds 2024 Bank interest iewvable 853 853 964 14 Dow5ign En¥ekpe ID". D30755F(k06FA4E4F-B09&C76EE55C41 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Notes to the Flnanclal Statements {witinv Year ended 31 March 2025 Expenditure on charitable a¢tlvities by fund type Unrestricted Funds Reslrided Total Funds Funds 202$ Nursery Childcare Support Costs 367.536 36.495 404,031 367.636 52.308 419,844 15.813 15.813 Unreslrthd Fund5 Re5tr1cted Ttslal Funds Funds 2024 Nursery Childcare Support costs 345,945 35.714 381.659 345,945 35.714 381,659 Expenditure orb Gharitable activities by activity type Aclivrties undertaken irecuy Support costs Total funds 2025 Total fvnd 2024 Nursery Childcare Govemance eosls 367.536 46,708 414,244 5,600 378,159 3,500 367.536 52,308 419.844 381,659 10. Analysls of support costs Analysis of support costs Unre51ricted Reslricled Total 2025 Tolal 2024 Premises General office Governance costs 20,011 10,884 5,600 36,495 20.011 26,697 5,600 52,308 18,703 13.511 3,500 35,714 15,813 15.813 11 Net expendSture Nel expenditure is slated after chargingll¢rediling)= 2025 2024 Depre¢ialion of tsngible fixed assets 11.459 11.863 15 Docuwgn EtweioFe ID.. D>J755FO.D6FA4E4F.BOM76EE55C419B THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (conUn¥edJ Year ended 31 March 2025 12. Independent examinatlon fees 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the finanual statements 1.50) 1,5LYJ 13. Staff costs The average head count of employees during the year was 1412024.. 141. The average number of lull-lime equivalent employees during the year is analysed a5 follows.- 2025 No. 2024 No. Nursery Staff Adminislralion Stsff 13 13 14 14 No employee reeeived employee benefits of more than £60,000 during the year12024.' Nil). 14. Trustee remunerntion and expensès No remuneration or other benefits frm) employment %%ryth the charty or a related entity were r￿e1Ved by the truslees. 15. Tanglble f￿•d a$$•ts Freehold Fixtures and Property Fittings Totsl Cost At t April 2024 Additions Disposal 264.003 48,144 4.582 14,6061 48,120 312.147 4,582 14,6C6) 312,123 At 31 March 2025 264,003 Depreciation At 1 April 2023 Charge for the year Disposal At 31 March 2025 154,440 5.279 32.848 6.180 14,61EI 34.421 187,288 11,459 14,6061 194,141 159.719 Carrying amount At 31 March 2025 104,284 109.563 13,699 117,982 At 31 March 2L124 15.296 124,859 16 DO￿519￿ En￿lipe ID." 03075SF￿D6FA4E4F.B()9￿76EESsc41g8 THE ISLEDON COMMUNITY NURSERY TRUST Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 March 2025 16. Deblors 2025 2024 Trade deblofs Prepayments and accrued income Olher debtors 79,246 7,312 31,055 75,134 8.000 25.121 117,613 108.255 17. Creditors= amounts falling due ￿thin orne year 2025 2024 Accruals and deferied income Other credilors 4.200 59,090 7,000 53,179 60.179 63.290 18. Analysis of charitable funds Unre5tri¢ted fund5 At 31 March2025 1 Aw"12024 Movement Income Expenditure General funds 103.983 425.552 1404,031} 125,504 Al 31 March2024 1 April 2023 Kqovement Income Expenditure General lunds 116,972 368.670 1381.6591 103.983 17 Pcrv5igTr Envelope IO.. DJ)755F&t￿A4E4F-Bo9&C76EE5SC￿?g8 THE ISLEDON COMMUNITY NURSERY TRUST Company Limlted by Guarantee Notes to the Financial Ststements Year ended 31 March 2025 19. Analysi$ of charitable funds Restricted funds At 31 March 2025 At 1 April 2024 Ir￿oMe Expenditure Restricted Fund 1 desc in ales 120.097 15.813 104,284 Al 1 April 2023 31 March 2024 I￿orne Expendilu Reslricled Fund 1 desc in alcs 114.843 5.254 120.097 20. Analysis of net assets between funds Unlestr￿ted Funds Reslricted Funds Total Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 13.698 175.096 {63.2901 125,504 104.284 117.982 175,096 {63,2901 229,788 104,284 Unreslrided Funds Restricted Funds Total Funds 2024 Tangible fixed assets Cur￿nt asse15 Creditors less than 1 year Net assets 4,762 159,400 (60.179) 103.983 120.097 124,859 15&,400 {60.179) 224.080 120,097 21. Related parties The remuneration of key management personal was the only ￿lated paty transaction during the year. 18 ODwwgn Envdope IO.. D30755FiiD6FA4E4F-BCV35£76EE55C4190