# **TRUSTEES ANNUAL REPORT** 

# **MATCHBOX DAY NURSERY LIMITED 1 – 2 Butler House, Burdett House, London E14 7AB Company Registration Number:  4869234 Charity Registration Number: 1103781** 

**DIRECTORS, MANAGERS  & STAFF REPORT – April 2022 to March 2023** 

## **Charity Trustees** 

**Rufus Clarke – Chairperson Alan Webb – Company Secretary Louise Traversi – Secretary Diane Aston – Trustee Kim Hogger – Trustee Beverly Webb - Trustee** 

Matchbox is a Community Nursery which opened in 2003 The nursery offers 98 full time equivalent places for children aged from 3 months to 5 years of age. 

The 15-hour free entitlement provided by the government for 2, 3 and 4 year-olds is used by a high proportion of our parents. Additionally, the 30 hours free childcare is also used by a lot of eligible parents.  This has increased year on year, since its introduction.   We continue encourage parents to apply for this funding and will help as much as possible with the process. 

Matchbox continues to be run by a Management Team who take care of the day to day running of the nursery and has a committee which is made up of interested people from the local area, who meet 4 times a year.  There has been a change in the team this year, as one of our management team took retirement, but luckily for us decided to become a trustee.  Which we welcome as she has a long knowledge of the running of the nursery and the local area. 

Our staff team consists of Nursery Manager, 2 Deputy Managers/Early Years Teachers, Office Administrator, Room Leaders and Room Deputy’s and Childcare Practitioners.  There is also a Cook, who provides daily cooked meals and a Domestic Assistant. 

Our staff members have a variety of qualifications and experiences which all add up to the service we offer.  We are committed to continuing the professional development of all our staff and all regularly attend training for CPD. 



We also have a number of Apprentices; some nearing completing their childcare qualification and will continue with us a full time employed childcare practitioners and also some that will move onto other nurseries.  Our Early Years Teachers supervise and support the students during their time at the nursery, with the support of staff within the rooms. 

The nursery is open Monday to Friday 8.00am to 6.00pm throughout the year, excluding staff training days, Bank Holidays and 1 Week at Christmas. 

We have seen many changes to the local area over the years.  Most of the management team and trustees have been involved with not only this nursery but other settings/groups over the last 30 years around this area.  This year we have again seen many changes to the area surrounding the nursery. There continues to be a high need for childcare places, mostly due to continued development.  The result of this is that the nursery is very full with very little availability in all rooms. 

This year has been difficult with rising costs of everything, which obviously puts pressure on our finances, but overall, we have had a good year in the nursery. 

We are all very thankful for all the incredible hard work from all the staff and are amazed by the variety of activities that goes on to provide such a rich, diverse, and fun environment for all our children. 

Our outside area continues to be used to the utmost.   A lot of our time is spent outside exploring and learning. It continues to be a great success in all weathers.   We also make a lot of use of our forest school area for the children from Red and Blue Rooms. 

We continue to celebrate notable awareness raising days, such as World Book Day, Sports Relief and Children in Need, International Mud Day, Den Day.  This year we have also added our own dress up days and theme days on a bigger scale: - super hero days, magic day, science day and many more. 

We continue to have a good relationship with local schools, and some transition visits from local teachers have gone ahead this year, there continues to be a lot of information sharing around the children’s transition to school and this mixture seems to be working well. 

We continue to support children with additional needs, and our staff have continued to be supported and trained by outside professionals, when needed.  We would again like to thank all the staff involved in this, as well as the outreach teams and all other professionals involved in this. 

The staff team have been consistent this year. We continue to have 28 room-based staff and our 2 Early Years Teachers who oversee the rooms and guide planning and observations of the children.     We continue to work closely with the playgroup, staff really support each other. 



We are all extremely proud of the achievements of everybody at the nursery and would like to thank them for the dedication and commitment that is required to deliver our service and that they have shown throughout the last few very difficult years. 

Over the last 5 years we have worked with our landlord Poplar Harca on a project to open another nursery at Aberfeldy Village, an older estate that has been going through a major refurbishment programme.  Given everything that has happened in the world over the last 5 years, the pandemic being just one of them and the extortionate rising cost of living it is a wonder that this project has continued. But this last year this has seen such massive progress in this scheme. That we are delighted to say that by September this year we hope to have the new nursery opening.  It will be smaller than our current one, but we have received a lot of interest and have quite a number of children booked to start.  We are in the process of registering with Ofsted so hopefully all with be ready for September opening. 

I and the rest of the Committee and staff would like to thank everybody who has been involved in the smooth running of the Nursery and playgroup especially: - 

Apprentices Students Poplar HARCA Children’s Community Nursing Team. Child Development Team 

LBTH Early Education Service 

R. Clarke Chairperson 



Company Number: 4869234
Charity Number: 1103781
MATCHBOX DAY NURSERY LTD
(a company limited by guarantee)
FINANCIAL STATEMENTS
FOR YEAR ENDED 31 MARCH 2023

MATCHBOX DAY NURSERY LTD
The Management Committee presents its report and independently examined finAiicial stgtements
for the year ended 31 March 2023
Reference and Admillistration information
Charity Name
Maichbox Day Nursery Ltd
Charity Registration Number
1103781
Company Registralion No
4869234
Registered Office and Operational address
1- 2 Butler House
Biirdeii Road
Londoii E14 7AB
Management Conimittee
Mi. R Clarke
Ms L 'l'ravesi
Ms K Hoggcr
Ms D Aston
Mi's B Webb
Chair
Treasurer
S¢¢retary
Mr A Webb
S¢nlor Manag¢m¢nt Team
Mrs K Arrowsmith MBE
Ms L Semple-morris
Mr R Wells
Manager
Deputy Manager
Deputy Manager
Indcpendent Examincr
N Condron BA FCCA
77 Capri Road Croydon CRO 6LJ
Bankers
HSBC PIC
115 High Street, Sittingbourne, Kent, MEI 0 4AL

Structure, Governance and Management
Governin
Document
The organisation is a charitable company limited by guarantee, incorporated on 18, August 2003 and
registered as a charity on 17, May 2004. The company was ¢stablished under a Memorandum of
Association which established the objects and powers of the charitable comp¢iny and is governed uiider
ils Articles of Association In the event of the company being wound up meinber5 are required lo
contribute an amount not exceeding £ I
Reeruitinent and A
ointment of Mana
einenl Committee
The directors of the company are also charity trustees for the purpose5 of charity law and under the
company's Articles are kiiown as meinbers of tlie Manageinent Committee. Under the requirements or
thc Memorandum ayjd ArticlL5 of A5SULi¢iliun ihc mLinbcrs of the Management Committee are elected
annually and must be re-elected at the next Annual General Meeting.
All Committee offer themselve5 for re-election
Tlie Management Committee seeks to ensure that the needs of the nurs¢ry are appropriately reflected
through divcrsity of thc truslces. To enhaiice the poleI1lial pool of li'ustees the charity actively
encourages all nursery parents and user5 to b¢come Committee Members.
ru
ee Inducti
n and Trainin
Most IrLlStees are already familiar with the practical work of the cliarily. Additionally new trLlStees are
iiiviled and en¢our&ged to attend training sessions. These are led by Tower Hamlets Early Years
Scrvicc and Lovcr
The obligalions ofmanagement Committee members
The main documents which set out the operational framework for the charity in¢luding the
Meincirandum and Articles
Resourcing and the Current financial position as set out in the latest publish¢d accounts
Future plans and objectives
Risk Mana
ement
All appropriate risk assessinents are in place and are reviewed annually
tion
Ct
The Matchbox Day Nursery has a Management Committee of up to 8 meinbers who meet regularly and
are responsible for the strategic direction and policy of th¢ charity. Ai present the Committee ha5 5
members from a variety of backgrounds. The Se¢￿tary also sits on the Committee but has no voting
rights. A scheme of delegation is in place and day to day responsibility for the provision of the services
rest with the Nursery Managers, They are responsible for Finance and Adminislration, Day to Day

operational management of the Nursery, individual supervision of the staff ieam and also ensuring that
the team continue to develop their skills and working practices in line with good practice.
Related Parties
In so far as it is eomplimentsry lo the ¢harily's object5, the eharity is guided by both local and national
policy. At nati()nal level childcare is steered by the len year childcare strategy. At local level the
Nursery is part of the Children's C.entre which ii)cludes representatives from local authority, health and
voluntary sector agencies.
Obje¢tiv¢s and Activities
The company's object and principal activities are to
To provide good quality affordable childcare for local parents wishing io rctui'n to work
andlor training
To advance the education of children under statulory school age pi'imarily bul not
exclusively in Poplar. London.
Achievements and P¢rforman¢¢
The nursery had been well used again this year. We ensure we continue to fill places quickly when
children move on.
Many of our staff have Completed CPD training this year as well as all staff
Completing Inandalory traiiiing. We also Continue lo support our appiti)tices, some who have now
Completed tlieir Iraining and have becomc full limc cmployccs, some Inoved onto oilier settiiigs ond we
Wish thcm cvcry succcss. We hav¢ more apprentic¢s starting later this ycar to slart. the process again.
We also Continue to provide placements for studenls coinpleting their Early Years Teacher status.
Financial Review
The charity with the aid of sound financial managemenl and the sUPPOrt of its staff has generated a
positive outLome for the period due to the making full use of places avdilable foi. future years thus
generating additional income to enable future siisiainability and expansion next year,
Reserves Polic
The Management Cominittee has examined the charity's i'equirements for i'eserves iii light of main risks
to the organisation. It has established that the iinrestricted funds not committed or invested in tangible
assets held by the cliarity should aim lo be between 3 and 6 months of the expenditure.
Plans for Future Periods
The charity plans to continue the activities outlined above in the forthcoming years subject to
satisfactory funding. Plans are also continuing to develop working Schemes with local authority health
and other voluntary sector organisations.

Res onsibilities of the Mana
ement Committee
Company law requires the Management Committee lo pr¢pare financial slatements for each financial
year which give a true and fair view of the slate of the affairs of the charitable company as al the
balance sheet date and of its incoming i'esources and application of resources, including income and
expenditure, for the financial year. In preparing those financial statements, lh¢ management committee
should follow best practice and
Seleet suitable accounting policies and then apply them consistcntly.
Make judgements and esliinales that are responsible and prudent and
Prepare the financial statements on the going conc¢rn basis unless it 15 inappropriate to assuine
thal. Ihe company will continue on thal basis
The Management Committee is responsible for maintaining proper accounting records which disclose
willi reasonable accuracy at aiiy time the financial po8ition of Ihe cliaritable ¢ompany and to enabl¢
them to ensure that the financial statements comply with the Companie8 Aci 2006. The Management
Comniitlee is also responsible for safegu4rdiiig the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and otl)¢r irregularities
Members of the Mana
ement
mmittee
Members of the Management Coinmittee, who are directors for the purpose of company law and
tru.stees for tlie purpose of charity law, who served during the year and up to dale of this report are as set
out previously

MATCHBOX DAY NURSERY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRFCTORS RFSPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the company and of the profit or loss of the company that
period. In preparing those financial statements, the direclors are required to
l. Select suitable accounting policies and then appjy Ihein consistently
2. Make judgeinenls and estiimates that are respoiisible aiid prudent
3. Prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business
The directors are reasonable for keeping proper accounting records which disclose with reasonabl¢
accuracy at any time ihe financial position of the company and to enable thcm to ensure tliai ihe
financial slateinenls comply willi tl)e CoiMpanic8 ALt 2006. They are al80 responsible for safLgiuarding
thc assets of thc company and h¢ncc for taking rcasonable stcps for the prevenlion aiid det¢ction of
fraud and other irregularities.
This report was approved by the Board of Directors on the 6 June 2023 and signed on their bchalf by:_
R. Clarke
Director.

INDEPENDENT EXAMINERS REPORT
Report to the trusteeslmembers of
Matchbox Day Nursery Ltd
On the accounts for th¢ year end¢d
31 March 2023
Set out on pages
9t017
Respective responsibi lilies of
Trustees and examiner
The ¢harily'S trustees are responsible for the
preparation of the accounts. Thc charity's trustees
Consider tliat an audit is not required for thi5 ye¢ir
under seciion 144 of the Charities Act 2011 (The
Charilies Act), as amcnded, and that an independent
examiiiation is needed.
It is my responsibility to,.
Examine the a¢counts under section 145 of the
Charitics Act,
To follow the procedures laid down in the general
Directions given by the Charity Commission (under
section 145(5)(b) of the Charities Act), and
To slate wheiher paiticular matters liave come to my
attention
Basis of independent examiner's
Stalenient
My exaininalion was carried out in accordance with
general Directions given by the C'harity
Conimission. An examination includes a review of
The accounting records kept by the charity and a
comparison of the accounts presented with those
records. It also includes consideration of any
unusual items or disclosures in the accounts, and
seeking explanations from the trustees con¢emin8
any such matters. The procedures undertaken do
not provide all the evidence that would be required
in an audit, and consequently no opinion is given as
to whethei. the accounts present a 'true and fair,
view ar)d the report is limited to those matt¢rs set
out in the statement below.

Independent examiner'5
Statement
In connection with my examination, no matter has Come
to Iny attention
(l ) Which gives me reasonable cause to believe thai in, any Inaterial
respect, the requirements:
To keep accounting records in accordance with section
130 of the Charities Act.
To prepare accounts which accord wilh the accounting
records and comply with the accounting requii'einenis of
the Charities Act have not been met. or
(2) To which, in my opinion, attention should be di'awi) in order to
enable a proper understanding of the accounts to be reached.
Signed:
d .&a-rt-
N Condron BA FCCA
Chartered Certified Accountant,
77 Capri Road
Croydon CRO 6LJ
6 June 2023

MATCHBOX DAY NURSERY LTD
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2023
2023
2022
Income
Expenditure
997150
1003145
991159
1064834
Deficiency
5995
73675

MATCHBOX DAY NURSF RY LTD
BALANCE SIIEI ET
AS AT 31 MARCIE 2023
2023
2022
FIXED ASSETS
Tangible
426345
414517
CURRENT ASSETS
Debtors
Bank And Cash
9249
326810
05
16214
334632
350846
CUK]IENT LIABILITIES
Creditors Amounts Falling
Dlie Wiihin one year
9500
326559
752904
344382
758899
FLfNDS
Designated
Reslricted
Unrestricted
752904
75
(a) For the period ending 31, March 2023 th¢ Company is cnliiled lo the exemption uiider
Section 477(2) of the Companies Aci 2006 relating to (he small Companies regime.
(b) Th¢ membcrs hav¢ nol reqiiired the company to obiain an audit in accordance with section
476 of the Companies Act 2006.
(c) The directors acknowledgc their responsibilities for..
l. Ensuring that the company kLcps accouiiting records which comply with Section 386.
and
I l.Preparing accounts which gives a true and fair view of the state of
affairs of IliL Lompany as at thL end of Ihc financial year and of its profits or loss for the
financial year, in accordance with the reqiiirements of Section 393, and which otherwise
col￿pIY with the requircments ofthe Coinpanies Act relating to accounts, so far as applicable
to the company.
(d) The accounts have been prepared in accordance with the provisions applicable to companies
subjeet to the small companies regime.
Approved by the board
And signed on their behalf by..
R. Clarke
Director
6 June 2023
10

MATCHBOX DAY NURSERY LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
2023
Total
2022
Total
Designated Restricted Unrestricted
Incoming Resources
Iiicoming Resources for
Acquisition of fixed assets -
Revenue CJrants
Other Income
Iiisui'ance
Care I. irst Apprenticeship
CJRS Furlough
Bank Interest
I'oial Incoming Resources
995889
995889
986123
5000
1261
997150
1261
36
991159
Rcsourees Expend¢d
Management Adininistration
Surplus/(Dcfici¢ncy)
1003145
(5995)
1003145
(5995)
1064834
(73675)
Fund Balances brought
Forward al l April 2022
758899
Fund balances cai'ried
Forward at 31 March 2023
752904

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
SCHEDULE OF INCOME
Designated Restricted Unrestrieted
Funds
Funds
Funds
Total
2023
Total
2022
INCOME
FEES
LBTH-NEF
LBTH- ELF
LBTH -SF.N
LBTH- Inclusion
Funding
LBTH - Growih
LBTFI - EYPDP
Donations
654834
240091
93295
654834
240091
93295
727384
178321
77874
800
1500
6912
641
116
6912
64
116
244
5889
98
12

MATCHBOX DAY NURSERY LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31 MARCH 2023
Accounting Policies
Accounting conveiition
Thc linancial slaleinents have been prepared under the historical cost convention, and in accordance
with Ihc financi¢il Stand(Ird for Smaller Enlilies (eflective April 2008), the Companies Act 2006 and
the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resource5
All incoming resources are included in he Statement of Financial Activities when the charity is legally
Entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is a¢¢ounled for on an accruals basis and has been classified under headings that aggregate
all cost related to the category when costs cannot bc directly allributed to particular headings that have
been allocated to activities on a basis consisten( with the use of resoui'ces.
13

MA TCHBOX DAY NURSERY L TD
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31 MARCH 2023
Fixed assets and dcpreciation
Tangible fixed assets are slated at Cost less depitciation
DepreciatTon lias been provided at th¢ following rates in order to write the assets (less their expected residual value)
over tl)cir cstiimatcd useful ecoi)oinic lives
A r¢8ular annual review ofihe likelihood ofassel impairtn¢iit is ui)denaken
Biiilding Refui'bishinent
5.0•/o reduciii¥ balai)ce
Equipment
12.80/0 slraighi line
it l Gr4Dts
Th¢ board of trusle¢s consider that in order lo comply wilh ihe slal¢ment of Recommendation Practice for
Aceounling and Reportinby issued by ilie Clidrity Coinmissioners for England aiid Wales {eff¢cliYc 2011) Cjrants
ora capital nalur¢ given foi. spe¢ili¢ purposes and lully ulilized in Ili¢ furtlierance ot Ilie objects of tl)e charity
should be credited to the fixed asscls fui)ds after ihe sums l)avc been pioperly ¢xpcndcd on tlie restricted purpose.
The related asset is shown in the balan¢¢ sheet at the cost ol-a¢quisition or subsequent revaluation.
The relaied assets Ire subject to restrictions by the grant making organizaiions on tlieir use and disposal and tliese
restrictioins are noi¢d ii) th¢ fixed assets se¢tion of Ih¢g¢ a¢¢ounlS. The fixed assets fund so Created is treated as a
resiricted fund.
In so far as tl)is policy rclalcs to Governm¢ni grants then this is a depdrture from the staieineiit of Siaiidard
Aceounting Praciice nuinber 4 in tsrder to comply with the statement Recoinmendution Practice for Accounting
and Reporting iSSLied by lh¢ Charily Coinmis5ioners for England & Wales.
Taxation
As a registcred cliarity tlie company is exeinpi from income and corporation tax to the extent il)al its income and
gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company and is
therefore in¢lud¢d in the relevant Gosl iii Ili¢ slaleni¢nl or rinancial activities.
Land Structure Polic
'l-lie charity Inaii)tains a geiieral unrestricted fund which represents funds which are exFtndable at discretion of
the trustees in furtherance of the objects of tlie cliarity. Such funds may be held in order to finance both working
capital and capital investm¢nts,
Restricted funds have be¢n provid¢d lo Ihe charity for particular purposes aiid it is the policy of the board of
Trustees to carefully monitor the appli¢ation of those funds in accordance with the restrictions pla¢ed upon them
There is no formal policy on allocation of funds to designated funds.
There is fomial poli¢y of transfer between funds other than Ihat described under the Capithl Grants policy above.
Any proposed transfer b¢tw¢¢n funds would be ¢onsidered on the particular circumstances.
14

GOVERNANCE COSTS
Unrestrlcted
ri unds
Total Funds
2023
Total Funds
2022
Independent Examiner
1750
1750
1750
STAFF COSTS AND EMOLUMENTS
Total staff ¢o$t5 were AS follows:
2023
2022
Salaries including NIC payments
84
46015
2023
2022
Pensions
278
P&rticulai'5 of employees:
The averag¢ numb¢r of ¢inployccs during the years, calculated on the basis of full-time equivalenls, was as follows
2023
2022
No
37
38
No employees received remuneration of more tlian £60,000.00 during the year
TRUSI'EES, REMUNERATION
Ther¢ was no remun¢ration or ¢xpen5es paid to Trustees.
15

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEME4 NTS
FOR THE YEAR ENDED 31 MARCH 2023
Tangible Fixed Assets
Building
Refurbishtnent
Equipm¢nt
Total
Cost
Additions
Tolal
878010
218533
21969
240502
1096543
219
1118512
878010
DEPRECIATION
Charge to date
Charge for period
Total
505039
176987
2141
9128
682026
513039
6921
NET BOOK VALUE
3110312023
3110312022
364971
372971
61374
41546
426345
414517
DEB'I'ORS
2023
2CI22
Parents Fee5
924
21
2023
2022
Bank & Cash
Bank
Cash
326707
103
326810
334544
88
334632
CREDITORS Amount Due
Within one year
Parents Fees
Accruals
2023
2022
7750
1750
9500
4714
1750
6464
16

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEMENTS
FOR THF YFAR ENDED 31 MARCH 2023
MANAGEMENT AND ADMINISTRATION
(costs directly related to activity)
2023
2022
Staff Costs
Pension Costs
Rent, Rates Light & Heat
Telephone
Insurance
Accountancy
Baby & Food Shopping
Clothing
Consumables
DBS Renewals
Subscriptions
Security
Building Maintenance
Legal Expenses
General Expenses
Depi'eciation
836114
25601
41247
5801
4241
1750
54673
846015
27896
39993
6025
3913
1750
45563
1487
37612
1124
4415
4932
1150
7130
2954
36415
1980
505
10141
1064834
5700
1711
10141
1003145
17

Company Number: 4869234
Charity Number: 1103781
MATCHBOX DAY NURSERY LTD
(a company limited by guarantee)
FINANCIAL STATEMENTS
FOR YEAR ENDED 31 MARCH 2023

MATCHBOX DAY NURSERY LTD
The Management Committee presents its report and independently examined finAiicial stgtements
for the year ended 31 March 2023
Reference and Admillistration information
Charity Name
Maichbox Day Nursery Ltd
Charity Registration Number
1103781
Company Registralion No
4869234
Registered Office and Operational address
1- 2 Butler House
Biirdeii Road
Londoii E14 7AB
Management Conimittee
Mi. R Clarke
Ms L 'l'ravesi
Ms K Hoggcr
Ms D Aston
Mi's B Webb
Chair
Treasurer
S¢¢retary
Mr A Webb
S¢nlor Manag¢m¢nt Team
Mrs K Arrowsmith MBE
Ms L Semple-morris
Mr R Wells
Manager
Deputy Manager
Deputy Manager
Indcpendent Examincr
N Condron BA FCCA
77 Capri Road Croydon CRO 6LJ
Bankers
HSBC PIC
115 High Street, Sittingbourne, Kent, MEI 0 4AL

Structure, Governance and Management
Governin
Document
The organisation is a charitable company limited by guarantee, incorporated on 18, August 2003 and
registered as a charity on 17, May 2004. The company was ¢stablished under a Memorandum of
Association which established the objects and powers of the charitable comp¢iny and is governed uiider
ils Articles of Association In the event of the company being wound up meinber5 are required lo
contribute an amount not exceeding £ I
Reeruitinent and A
ointment of Mana
einenl Committee
The directors of the company are also charity trustees for the purpose5 of charity law and under the
company's Articles are kiiown as meinbers of tlie Manageinent Committee. Under the requirements or
thc Memorandum ayjd ArticlL5 of A5SULi¢iliun ihc mLinbcrs of the Management Committee are elected
annually and must be re-elected at the next Annual General Meeting.
All Committee offer themselve5 for re-election
Tlie Management Committee seeks to ensure that the needs of the nurs¢ry are appropriately reflected
through divcrsity of thc truslces. To enhaiice the poleI1lial pool of li'ustees the charity actively
encourages all nursery parents and user5 to b¢come Committee Members.
ru
ee Inducti
n and Trainin
Most IrLlStees are already familiar with the practical work of the cliarily. Additionally new trLlStees are
iiiviled and en¢our&ged to attend training sessions. These are led by Tower Hamlets Early Years
Scrvicc and Lovcr
The obligalions ofmanagement Committee members
The main documents which set out the operational framework for the charity in¢luding the
Meincirandum and Articles
Resourcing and the Current financial position as set out in the latest publish¢d accounts
Future plans and objectives
Risk Mana
ement
All appropriate risk assessinents are in place and are reviewed annually
tion
Ct
The Matchbox Day Nursery has a Management Committee of up to 8 meinbers who meet regularly and
are responsible for the strategic direction and policy of th¢ charity. Ai present the Committee ha5 5
members from a variety of backgrounds. The Se¢￿tary also sits on the Committee but has no voting
rights. A scheme of delegation is in place and day to day responsibility for the provision of the services
rest with the Nursery Managers, They are responsible for Finance and Adminislration, Day to Day

operational management of the Nursery, individual supervision of the staff ieam and also ensuring that
the team continue to develop their skills and working practices in line with good practice.
Related Parties
In so far as it is eomplimentsry lo the ¢harily's object5, the eharity is guided by both local and national
policy. At nati()nal level childcare is steered by the len year childcare strategy. At local level the
Nursery is part of the Children's C.entre which ii)cludes representatives from local authority, health and
voluntary sector agencies.
Obje¢tiv¢s and Activities
The company's object and principal activities are to
To provide good quality affordable childcare for local parents wishing io rctui'n to work
andlor training
To advance the education of children under statulory school age pi'imarily bul not
exclusively in Poplar. London.
Achievements and P¢rforman¢¢
The nursery had been well used again this year. We ensure we continue to fill places quickly when
children move on.
Many of our staff have Completed CPD training this year as well as all staff
Completing Inandalory traiiiing. We also Continue lo support our appiti)tices, some who have now
Completed tlieir Iraining and have becomc full limc cmployccs, some Inoved onto oilier settiiigs ond we
Wish thcm cvcry succcss. We hav¢ more apprentic¢s starting later this ycar to slart. the process again.
We also Continue to provide placements for studenls coinpleting their Early Years Teacher status.
Financial Review
The charity with the aid of sound financial managemenl and the sUPPOrt of its staff has generated a
positive outLome for the period due to the making full use of places avdilable foi. future years thus
generating additional income to enable future siisiainability and expansion next year,
Reserves Polic
The Management Cominittee has examined the charity's i'equirements for i'eserves iii light of main risks
to the organisation. It has established that the iinrestricted funds not committed or invested in tangible
assets held by the cliarity should aim lo be between 3 and 6 months of the expenditure.
Plans for Future Periods
The charity plans to continue the activities outlined above in the forthcoming years subject to
satisfactory funding. Plans are also continuing to develop working Schemes with local authority health
and other voluntary sector organisations.

Res onsibilities of the Mana
ement Committee
Company law requires the Management Committee lo pr¢pare financial slatements for each financial
year which give a true and fair view of the slate of the affairs of the charitable company as al the
balance sheet date and of its incoming i'esources and application of resources, including income and
expenditure, for the financial year. In preparing those financial statements, lh¢ management committee
should follow best practice and
Seleet suitable accounting policies and then apply them consistcntly.
Make judgements and esliinales that are responsible and prudent and
Prepare the financial statements on the going conc¢rn basis unless it 15 inappropriate to assuine
thal. Ihe company will continue on thal basis
The Management Committee is responsible for maintaining proper accounting records which disclose
willi reasonable accuracy at aiiy time the financial po8ition of Ihe cliaritable ¢ompany and to enabl¢
them to ensure that the financial statements comply with the Companie8 Aci 2006. The Management
Comniitlee is also responsible for safegu4rdiiig the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and otl)¢r irregularities
Members of the Mana
ement
mmittee
Members of the Management Coinmittee, who are directors for the purpose of company law and
tru.stees for tlie purpose of charity law, who served during the year and up to dale of this report are as set
out previously

MATCHBOX DAY NURSERY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRFCTORS RFSPONSIBILITIES
Company law requires the directors to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the company and of the profit or loss of the company that
period. In preparing those financial statements, the direclors are required to
l. Select suitable accounting policies and then appjy Ihein consistently
2. Make judgeinenls and estiimates that are respoiisible aiid prudent
3. Prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business
The directors are reasonable for keeping proper accounting records which disclose with reasonabl¢
accuracy at any time ihe financial position of the company and to enable thcm to ensure tliai ihe
financial slateinenls comply willi tl)e CoiMpanic8 ALt 2006. They are al80 responsible for safLgiuarding
thc assets of thc company and h¢ncc for taking rcasonable stcps for the prevenlion aiid det¢ction of
fraud and other irregularities.
This report was approved by the Board of Directors on the 6 June 2023 and signed on their bchalf by:_
R. Clarke
Director.

INDEPENDENT EXAMINERS REPORT
Report to the trusteeslmembers of
Matchbox Day Nursery Ltd
On the accounts for th¢ year end¢d
31 March 2023
Set out on pages
9t017
Respective responsibi lilies of
Trustees and examiner
The ¢harily'S trustees are responsible for the
preparation of the accounts. Thc charity's trustees
Consider tliat an audit is not required for thi5 ye¢ir
under seciion 144 of the Charities Act 2011 (The
Charilies Act), as amcnded, and that an independent
examiiiation is needed.
It is my responsibility to,.
Examine the a¢counts under section 145 of the
Charitics Act,
To follow the procedures laid down in the general
Directions given by the Charity Commission (under
section 145(5)(b) of the Charities Act), and
To slate wheiher paiticular matters liave come to my
attention
Basis of independent examiner's
Stalenient
My exaininalion was carried out in accordance with
general Directions given by the C'harity
Conimission. An examination includes a review of
The accounting records kept by the charity and a
comparison of the accounts presented with those
records. It also includes consideration of any
unusual items or disclosures in the accounts, and
seeking explanations from the trustees con¢emin8
any such matters. The procedures undertaken do
not provide all the evidence that would be required
in an audit, and consequently no opinion is given as
to whethei. the accounts present a 'true and fair,
view ar)d the report is limited to those matt¢rs set
out in the statement below.

Independent examiner'5
Statement
In connection with my examination, no matter has Come
to Iny attention
(l ) Which gives me reasonable cause to believe thai in, any Inaterial
respect, the requirements:
To keep accounting records in accordance with section
130 of the Charities Act.
To prepare accounts which accord wilh the accounting
records and comply with the accounting requii'einenis of
the Charities Act have not been met. or
(2) To which, in my opinion, attention should be di'awi) in order to
enable a proper understanding of the accounts to be reached.
Signed:
d .&a-rt-
N Condron BA FCCA
Chartered Certified Accountant,
77 Capri Road
Croydon CRO 6LJ
6 June 2023

MATCHBOX DAY NURSERY LTD
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2023
2023
2022
Income
Expenditure
997150
1003145
991159
1064834
Deficiency
5995
73675

MATCHBOX DAY NURSF RY LTD
BALANCE SIIEI ET
AS AT 31 MARCIE 2023
2023
2022
FIXED ASSETS
Tangible
426345
414517
CURRENT ASSETS
Debtors
Bank And Cash
9249
326810
05
16214
334632
350846
CUK]IENT LIABILITIES
Creditors Amounts Falling
Dlie Wiihin one year
9500
326559
752904
344382
758899
FLfNDS
Designated
Reslricted
Unrestricted
752904
75
(a) For the period ending 31, March 2023 th¢ Company is cnliiled lo the exemption uiider
Section 477(2) of the Companies Aci 2006 relating to (he small Companies regime.
(b) Th¢ membcrs hav¢ nol reqiiired the company to obiain an audit in accordance with section
476 of the Companies Act 2006.
(c) The directors acknowledgc their responsibilities for..
l. Ensuring that the company kLcps accouiiting records which comply with Section 386.
and
I l.Preparing accounts which gives a true and fair view of the state of
affairs of IliL Lompany as at thL end of Ihc financial year and of its profits or loss for the
financial year, in accordance with the reqiiirements of Section 393, and which otherwise
col￿pIY with the requircments ofthe Coinpanies Act relating to accounts, so far as applicable
to the company.
(d) The accounts have been prepared in accordance with the provisions applicable to companies
subjeet to the small companies regime.
Approved by the board
And signed on their behalf by..
R. Clarke
Director
6 June 2023
10

MATCHBOX DAY NURSERY LTD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
2023
Total
2022
Total
Designated Restricted Unrestricted
Incoming Resources
Iiicoming Resources for
Acquisition of fixed assets -
Revenue CJrants
Other Income
Iiisui'ance
Care I. irst Apprenticeship
CJRS Furlough
Bank Interest
I'oial Incoming Resources
995889
995889
986123
5000
1261
997150
1261
36
991159
Rcsourees Expend¢d
Management Adininistration
Surplus/(Dcfici¢ncy)
1003145
(5995)
1003145
(5995)
1064834
(73675)
Fund Balances brought
Forward al l April 2022
758899
Fund balances cai'ried
Forward at 31 March 2023
752904

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
SCHEDULE OF INCOME
Designated Restricted Unrestrieted
Funds
Funds
Funds
Total
2023
Total
2022
INCOME
FEES
LBTH-NEF
LBTH- ELF
LBTH -SF.N
LBTH- Inclusion
Funding
LBTH - Growih
LBTFI - EYPDP
Donations
654834
240091
93295
654834
240091
93295
727384
178321
77874
800
1500
6912
641
116
6912
64
116
244
5889
98
12

MATCHBOX DAY NURSERY LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31 MARCH 2023
Accounting Policies
Accounting conveiition
Thc linancial slaleinents have been prepared under the historical cost convention, and in accordance
with Ihc financi¢il Stand(Ird for Smaller Enlilies (eflective April 2008), the Companies Act 2006 and
the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resource5
All incoming resources are included in he Statement of Financial Activities when the charity is legally
Entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is a¢¢ounled for on an accruals basis and has been classified under headings that aggregate
all cost related to the category when costs cannot bc directly allributed to particular headings that have
been allocated to activities on a basis consisten( with the use of resoui'ces.
13

MA TCHBOX DAY NURSERY L TD
NOTES TO THE ACCOUNTS
FOR THE YEAR TO 31 MARCH 2023
Fixed assets and dcpreciation
Tangible fixed assets are slated at Cost less depitciation
DepreciatTon lias been provided at th¢ following rates in order to write the assets (less their expected residual value)
over tl)cir cstiimatcd useful ecoi)oinic lives
A r¢8ular annual review ofihe likelihood ofassel impairtn¢iit is ui)denaken
Biiilding Refui'bishinent
5.0•/o reduciii¥ balai)ce
Equipment
12.80/0 slraighi line
it l Gr4Dts
Th¢ board of trusle¢s consider that in order lo comply wilh ihe slal¢ment of Recommendation Practice for
Aceounling and Reportinby issued by ilie Clidrity Coinmissioners for England aiid Wales {eff¢cliYc 2011) Cjrants
ora capital nalur¢ given foi. spe¢ili¢ purposes and lully ulilized in Ili¢ furtlierance ot Ilie objects of tl)e charity
should be credited to the fixed asscls fui)ds after ihe sums l)avc been pioperly ¢xpcndcd on tlie restricted purpose.
The related asset is shown in the balan¢¢ sheet at the cost ol-a¢quisition or subsequent revaluation.
The relaied assets Ire subject to restrictions by the grant making organizaiions on tlieir use and disposal and tliese
restrictioins are noi¢d ii) th¢ fixed assets se¢tion of Ih¢g¢ a¢¢ounlS. The fixed assets fund so Created is treated as a
resiricted fund.
In so far as tl)is policy rclalcs to Governm¢ni grants then this is a depdrture from the staieineiit of Siaiidard
Aceounting Praciice nuinber 4 in tsrder to comply with the statement Recoinmendution Practice for Accounting
and Reporting iSSLied by lh¢ Charily Coinmis5ioners for England & Wales.
Taxation
As a registcred cliarity tlie company is exeinpi from income and corporation tax to the extent il)al its income and
gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company and is
therefore in¢lud¢d in the relevant Gosl iii Ili¢ slaleni¢nl or rinancial activities.
Land Structure Polic
'l-lie charity Inaii)tains a geiieral unrestricted fund which represents funds which are exFtndable at discretion of
the trustees in furtherance of the objects of tlie cliarity. Such funds may be held in order to finance both working
capital and capital investm¢nts,
Restricted funds have be¢n provid¢d lo Ihe charity for particular purposes aiid it is the policy of the board of
Trustees to carefully monitor the appli¢ation of those funds in accordance with the restrictions pla¢ed upon them
There is no formal policy on allocation of funds to designated funds.
There is fomial poli¢y of transfer between funds other than Ihat described under the Capithl Grants policy above.
Any proposed transfer b¢tw¢¢n funds would be ¢onsidered on the particular circumstances.
14

GOVERNANCE COSTS
Unrestrlcted
ri unds
Total Funds
2023
Total Funds
2022
Independent Examiner
1750
1750
1750
STAFF COSTS AND EMOLUMENTS
Total staff ¢o$t5 were AS follows:
2023
2022
Salaries including NIC payments
84
46015
2023
2022
Pensions
278
P&rticulai'5 of employees:
The averag¢ numb¢r of ¢inployccs during the years, calculated on the basis of full-time equivalenls, was as follows
2023
2022
No
37
38
No employees received remuneration of more tlian £60,000.00 during the year
TRUSI'EES, REMUNERATION
Ther¢ was no remun¢ration or ¢xpen5es paid to Trustees.
15

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEME4 NTS
FOR THE YEAR ENDED 31 MARCH 2023
Tangible Fixed Assets
Building
Refurbishtnent
Equipm¢nt
Total
Cost
Additions
Tolal
878010
218533
21969
240502
1096543
219
1118512
878010
DEPRECIATION
Charge to date
Charge for period
Total
505039
176987
2141
9128
682026
513039
6921
NET BOOK VALUE
3110312023
3110312022
364971
372971
61374
41546
426345
414517
DEB'I'ORS
2023
2CI22
Parents Fee5
924
21
2023
2022
Bank & Cash
Bank
Cash
326707
103
326810
334544
88
334632
CREDITORS Amount Due
Within one year
Parents Fees
Accruals
2023
2022
7750
1750
9500
4714
1750
6464
16

MATCHBOX DAY NURSERY LTD
NOTES TO FINANCIAL STATEMENTS
FOR THF YFAR ENDED 31 MARCH 2023
MANAGEMENT AND ADMINISTRATION
(costs directly related to activity)
2023
2022
Staff Costs
Pension Costs
Rent, Rates Light & Heat
Telephone
Insurance
Accountancy
Baby & Food Shopping
Clothing
Consumables
DBS Renewals
Subscriptions
Security
Building Maintenance
Legal Expenses
General Expenses
Depi'eciation
836114
25601
41247
5801
4241
1750
54673
846015
27896
39993
6025
3913
1750
45563
1487
37612
1124
4415
4932
1150
7130
2954
36415
1980
505
10141
1064834
5700
1711
10141
1003145
17