Company IEgislra¢ion IlUTnber.' 05687000 Chal'lty I'egisti'ation numbei.: 1117739 The Toy Library Limited {A eoji)pany liinited by guarallteel Anjiual Report and Finaiicial Siai¢iiienl8 for tlie Year Ended 31 Marcli 2023 Coiiiinuttity Accoiinling Plus Units l & 2 NoKilI West 41 Talbot Su'eet NoitiiiLyliam NCIE SGL The Toy Libi'ary Limited Colltents Refcrence and Adi))ii)IStrativc Details Trustees, Report 2to9 Independent F.XdJiiinei's RepoTt 10 Stale1)I￿lt of fiiui)¢ial Aciivitte5 Balance Sheet 13 Statemeiit of Casl) Flowg 14 Notes to the FIna￿ClaI Sialcincnis 15 to25 The Toy Librai"y Limited Refej'enct and Admlnistrative Details Tiwstees Melkoi'k2 Stillcr-magnusdottir, Chair Gi'ah&m Masters, Treasui'er Steplianie Brannigan Elissbeili Wiggins Marie Wilkinsoij Maititi Rinvoliicri IVlanag¢ment Tea Steve Parkinson, Setvice Director Charity Re#istr%Èioii Number 117739 Coiiipoiiy Registi'atlon Nuinber 05687000 Registered Offlce Ckn'is Fiiili CDttages Squii'es Avciiue Nottinghatn NG6 8GG Independent Ei xaminei. John O'Bi'ien, employee oc Commui)ity Accaulltitig Plus Units l & 2 Noi'ili West 41 Talbot Sti-eet Nottingliain NGI .5GL SolieÉtor5: CounleJ'cultUTe Pailnership LLP Uijit NH.204 El Business Siudios 7 Whilechap¢l Road London EI IDU B*iikei's HSBC Notiiii£liani Cluniber Sli'eet 26 Cluii)bei' Sti'eet Notlin8liatii NGI 3GA PcTrge I The Toy Library Limited Tj'ustees, Report The Irustees, wlio ai'c directors for the purposes of ¢ompany law, p￿s¢￿t tlie annual i'epoi'l togethei. with the financial statements of the Ch￿'it#blc coJi)patty foi. tlie ye￿. ended 31 Mairli 2023. 'rrustee5 aiid officei's The tL'UStces &nd officers setwing (lui"ing tlie year and since the year end wci'e as follows.. Truslee5'. Mclkoi'ka Siiller-magnusdotiii., Cliair Gral)ain MasteiE, Tr¢&surei' Stepljartie Bi'annigan Eli%abetJJ Wiggins (appointed 19 Septeniber 2023) Ma27e Wilkinson Martiii Rinvolucr Michelle Batllemuch (i'esigned 14 Novembcj. 2a22} JAi￿S1ava Jajecznyk {resigtLed 14 Navember 2022) Struetui-e? governance managemeiit N￿111rÉ ofgovetiiiiig dociiitrieiif The chai'ity is a ¢oinpJi)y liinittd by guarantee alld registei'ed cliaTity. It is operated ulldei. the Tules of its iiicmoranduni und articles of L2$so¢iation dated 25 Jatttiary 2006 and most recently ainei)ded on 26 March 2018. It has Jio sliai'e Capital ai)d the liability of eacl) member in the eveLIt i)f Mrjnding-up is lin]ited to £1. Récrwiiiii¢iil ftiid uJ)poiiilpiieii¢ ofij'iislees Eatli liiistee is nominated and scconded befoi'c bcing electcd by nicmhcrs at tlie Annual G¢neiBI Meetiiig. Trustees also ivelc()rn¢ contribut2ons fi'om individua15 willi a coniinitmctit lo tlit aims and visioÈJ of the Toy Libl'aiy witboiit tsk11￿ on a foiM)*tl coijunilmcni as a Ti'uslee oi. Direclot.. These 'M￿la￿cinent Commillee Ineinbei7" take part iii Boaid dEscu8sions but do not hdve volins riglils wli¢ii decisions I'e beiiig taken. Typically serving 1-2 yeais as Coiiiniittee llle2n￿lE, rliis inodel gtvert of the I￿81 coniniunity an opi)oi'tunity to lewii liow the OiEaE]iSalioiTr operates, ¢xpit.8s tlieir views as to ils developi)ienl as well as a period dui.ing ￿,hic11 tliey gaiii confidence aiid Llt)detstanding of the role. Thi5 I￿5 proved veiy effective as a long lei'in lid comprelicnsive EnduclEoll ￿1￿CeSs. lii addillon It is our policy to provide foKihal induction to rhe role of Trll51ee diid i)rovide liaiJiEng followtng 411 asse%sinent of boili tlle needs ofindividuals aiid die Boaid as a wliole. Newly appoii)led (ius(ees al-e irtvited lo spend tiiiit willi tlie Scivice Dii-ector and oihei. senioi- staff in ojdei. to gain an understanding of tlie day to day work of Ihe organi8ation. TTElStees uiidei'go a skills audtL to idertlify opi)ortunilicg dnd bFdP% ID tlie OiEanisalton. Page 2 The Toy Library Limited Trustees, Report OryoFiisuiloiiulslriicliii'e • The Toy Library Lijniied has a Roaid of up to ten Trustees ele¢ted froin out inemki%liip or ¢o-opled by the Board where there are vacancies between Attrtual Gend21 K(eeting%. The Boaid eleeL8 & Cha￿lverson, Treasurer #nd Se¢i'¢taiy froni tlie elected Tyllstccs. A fsnaiice and Audit Sllb-Gi'oup of ¢lie Iloard sets and scrntllJl5es rinaheial pi'oceduiEs and mcets regiilarly to ovciEcc oiigoing fil￿nCeS aiid iei)or18 to Ilie full Board. Tlie BoaTd 15 reSPDnsiblc foi. overSi￿t and Ihe stiategie diirclion of tlie chaiity. It einploys a S￿viCe Direcloi. wlia is i'esponsiblc foi- opei'ational decisions, n)aiiagein¢nl of all staff and ensui'ing Ilie efficient and effective running of tl)¢ cliat'*ty. • T￿Stee$ ai"e providcd with ind￿CtiOn to the OiEatiisation appotntsiient ¢iaining when a need is idelltified. Pay aiid remuii¢ration of staff are set in line with COL?lp￿8blC posiiions in siinilay fEelds Locally. Use of ivlii*l£eTs We recruit, ti?in and support Vol￿nIcerS to increase the deliveiy capa¢ity of oui. woi'kfoire whcre appropriat¢ and oixier to itnprove the voluntCClE own access to tldiiiing and employment. Mfi}or i'isks uitrf iNanugeiiieiitoliliose iisks The Boaixl of Tivstees has establislied a r￿sk I￿anagement policy for which they I￿ve overall re5ponsÈbility, with operatiot￿L I'espongibilities delegalcd to senior statf. Tliey recogni5e tlie need to be alcit to risks biit 2r¢ not verse to tRkirtg reasoiiablc risks as part of the deliveiy of seiwices, i)articularly play and othei activities centred ai'ouiid children. Tlie Boai'd ¢xpecl all staff and volunteei's to considei. rÈsk& itkvolved I￿ any activity and cany out iisk asses￿n￿lIS prioi. io delivery of s￿viceS &E)d activities. A risk Tegister is niaintaÈned covering die following categories.. Gover*aiice a￿d MaiiageinElIt, Operational, Finaiieial, Environmental, l.egal & Rcgulatoiy. Te¢hnolo8y, Hutnan ResouTces, Funding and Reputation. lliis Tegisler is i'¢viewcd i'c8ulai'ly by ilie Finallcc Sub Groiip. New or einei'gii)s iisks air reported lo the Mdii*%enient Coiiiniittee as pai'l of tl)e Service Dii"cctor's Report whicli piEsen¢ed a( evciy Boai'd meeting. In tlie ¢v¢nt of an uiEent L"isk ai'ising, the Service Directoi" will take appropTsate action and repoil tu the Cliaii. as 5von as possible. Tlie pi'iiicipal risks facing the Toy LÉbi?ry relate to-. a) iiiaint3ining oi'gJnisatioiMI gtlEiigtb following d period of rapid ￿OWth. bl lluinlaitjing ils Position and reputation as a catalyst foi positkve change. c) ertsurJii£ that t￿st¢eS, staff. aiid volunteers are equipped with 111¢ 6kill% aiid tools needed to be effective ill an increasingly complex aiid cl)angeable enviroi)nient. Objectives Aiid activities Objecls uijd niNI.$ 'The objects foi. wliich tlie Coinpat)y is formed sliall be to advance tlie ediication develop2neiil of childi'eii by the i)roiisÈoti olcliildcare aiid i)l#y irlated seivices alld equspinent and educating i)ai'ents as to the impoi1aiice of play." Page 3 The Toy Libi'ary Limited Ti'ustces, Report Olli. aims and objectives wcic dcveloped ill Irspoii$e to thc severe social and economi¢ disadvant&gc pi'esent in the cominuiiity ol. Bulwell from which we ￿'¢W and cojitiniie (o botli servc and iri)rt%ent. 'I'he ai'ea is widely reEai'dcd as on¢ of the inosl dis*dv£ltildged coin￿]UnitIeS in Noitingl)aJii. Tlie Irtdices of Depi'ivalion 2019 sliow tl)al 10 of Ilie I I Super Output Areas (SOA'S) are in thc woist 10/0 iialioi)ally for Multiple Dcprivalioll, Income depi"ivation, Edu¢alion and Skill deprivation {foi whicli Iwo SOA'$ are in Ilie woi%t 100 natiollally), and Iliconie depi'ivation affecting thildren. Our f￿u$ DE) cliildrcll and faintlies ar08e becaiise we were toullded by paiEnis wlio knew liow Iiard it is to bling up cliildrcn in cjiallenging circuinslatices and souglit to pJx)vide sui)POTt and liclp, Bulivell COELtinues to be an area wliere cliildiEii find il a .8lrnggle to achieiTe cducationally Jnally begin scliool already considerably behind dietr peei3 in t¢i'rt18 of Ilieir developiiiet]Eal oulcoiiies. Our aciivtlies, listed below, concenlraie on f&Tllilies and tlieii. ehildren fiY)ni hii'il) 10 tlie age of 13 years. We enga¥c witli childreti before they ￿gI17 school and Iliet> during, after gcli()ol and holiday peiiods. Throu¥li this we scek to coinplement and siippoit the endeavour5 of local sehools witli whom w¢ woi'k in paitnership. Piiblic bÉift¢Jl¢ Tlic Toy Libi'ai'y Liinited (previously named Bulwcll Coinniiinity Toy Library) lias been oper&ting foi. dhnost 40 yeal￿. It wag established by lotal i)eople wlio knew liow liard il can be lo raise cliildren ITI difficult ¢iY¢umstances. Tlie proj¢¢t Colllinues to di'aw on tht Exp¢rience and eneigy of local i)atrnls wlio %iippoit it by voluiiteering as well as liclping to it as ¢ommitiee n]￿lbe1￿. Oui. work is available to all children and ra￿1[￿eS in Iliis ai-ea. Tlie trustecs coiJfInn iliat they liave cojnplied ivith tlie i'CqUlJEments of seclioll 17 of Ilie Cliai'iti¢s Act 2011 to Iiave diie Tegai'd io rlte publi¢ bei)efit gvidan¢e pvblislied by tiic Cliarity Commission for Ehgland and Wales. Objeciivés siJ'4t¢gies ftiid4clEl1ilies Oui. purpose We btlitve Iliat ev¢Jy cliild benefits froin beloiiging to a fatiiily and every family benefEls fi￿1￿ belonging 10 communiry. Oui. pujpose is to WOL'k aloiigside and 8upI)ort cliildren, f￿1)ilIeS and coinmuE]ities to develop, ￿0W and tlirive logetliei. Iliiougli play. StratogiÉ$ Out. aim is to inipi'ove the life ¢haiJ¢es and opporlunitieg available to chilthrn in Bulwell ajid in doiiig so directly furtliei. oui. legal plli'pose; Oiir long temTr aiiii 15 tI￿t tlie eliildien of Bulwell wtll no longei. be disadvantaged by low 2spÉrations and ]Joor oppoi'lui)ilies to succeed iii Ilie fieldls oftheir cl)oice' Oui. shortlrtjedzuin term sti?tegy is to cxtend our reach (o ettable nioi'e cliildren ind fainili¢s in Bulw¢ll to benefii fi-oiM oui. services. Our Slratcgic objectives are to.. Provide opporluiii¢E¢5 for cliildirll to learn aiid dcvelop throug]i play> EncouJ2ge i)aitiits tind otlier 2dults 10 Hppi'eciate the bettefjls of play. Delivej" seivices tlial are i)•%on and thild centsEd. 111￿1n0t¢ creativity 8tid i'aise aspiiatioii% in Bulwell. • Biiii81?eople lagetliej. for Tnutual Icarlliiig and 8iipporl,. Pjovide services 10 otlicr oJ'gaiii%aiioii.% Iliat enliaiice Ilieir work,. Proniot¢ tlie bciiefiÉs ofoliiduor 2nd iiatural play,. Siippoi'l the local coinmuiiily wiul I1￿C confidenLe and 8kills necded to ge( b¥Lk inlo woi'k fullowiiig ¢h¢ early cair of ilieir cliildrtn. Page 4 The Toy Library Limited I'i'ustees, Report In piirsuing these objcctiv¢s we operate wEth the following waliies and PTactice5.' COMMUNITY INTEGRITY Woi'king alo2igsidc people V&luiiig the building of ielaiioiisliÈps Never giving up on anyone Deinonsti?ting tru5twoithiness Beiiig open & a￿eSsible BehaVI￿g W￿1￿ resi)ect al all t￿l￿e$ CONFIDENCEIEXPERTISE ENTERPRISE Pioiiee¥it)g new ways to succecd EiilreprcneurÈal HIBli aspiixtions Beillg courageous Actlvitles Pre-school childi. s￿￿1[ Steps B2g Chaiigcs. TIIIS is & significant citywid¢ plugi￿1￿1￿ funded by The Nation11 l Loltei'y Eollowillg a coinpelilive pi'oce88 froin wliich iJRly five of the 152 applicaiiis were slicces.%￿I. Tliis aims to ITnpiDve ¢hild Ikvelopnienl outcotncs {spetcli and coiiunuiiiL#tioii, social wid eimotinnal developmenl aiid niilrilion) foi. cliildi'en in foul. wai'ds of11)e ¢iry by intensive, LsniveiEal sei'vices for fainilics with ¢liildren from coticeplion to age foul.. We gaEned a contract to d¢livei' a Family MenloJ' ServEcc in Bulwell. This entatls iijteiisive lioine V151ting support and operating tell ￿OlIp sessions pel week. This requiirs tlie eniploymetlt of 16 en)ployees is the most finan¢iall) sigoificant service, howcvei Ilie S￿le of tl)is and its iinivetEal reacli allows lis tjie grealest oppoa'tuiiity to fui1hei' our objectiYe8. Tliis coiitrAct was ir-tendeitd in 2020 uijoti whicli we were succebsful iii gai￿lig the contract for a furth￿. period of five years from Septanber. We pi"eviously opei'aled tbis service as parl of a eOiJ8Dltiuin covcring boib Bulwell and A8pley. For this second opportunity Il)ose wai'ds were commissioned sepayately and we wei'e succe%5fi11 in gaiiiing it in oui. own name foi. the Bulwell ward. Our Fainily MenloL'S have averaged 288 vÉsit$ per montli foi. the last yeai., working will) ovei. 3,000 babies. ilecognititsn ofilie impact of tlic Family Mentor seyvice has irsulied in fuitlier fiindLTlgT oppoI"luiiity to d¢liver a Ji)inimum of 2 yeai'.g tdlEetcd Faiiiily Mentoi. scrvice in otliey wards of ihe city. This work will be fut)ded by the Health lllequalitie5 fund via oiir iiilegi'aled care board whi¢h will ix)11 out aeross tlie Lounty tn 2025126. Gi'oup se$8ions for parents with pi"c-school ¢liilthen in parts of Bulwell not witknin the SSBC area. ThLS dlso includes woodland groups. We Imve ￿TrOw 5ucc¢ssfully optiitd Room lo Play. 'fhis is a sliop iii Bulwell l.[i￿ Siirel Ith¢ locatian of tlie iiiarkcl) *&nd &i'e offerliig free pre-gessioiis for local faiijilies. We liave beeli Ir¢i)giJi$ed and appi'cciated loi" engaging with the ￿0st liard to irach faaiiilEe5 wiio caTh b¢ suspicious of slatutoiy of public l)ealiii seivices. A Mobilc Crèche Seivice. Tliis was a success￿] Iradii)g activity wliicb provided cj'èelies lo eThable paretils witli youns cliildirn lo access iraininb eonfcrcjitts and otlieT events 5ucli as weddings. Wliilst Lliis was very populai. and gueLo%%ful, IvÈili iiicome gaincil f¥oin iliis activity blOlllL tuivai'd susiainiiiÈ OLII. chai-ilal)le sei-vice.% wliere graiit inGuiiic118(t decieased, Ilic Covid i)aiidemit Ineant we liad lo cease deliveiy and we air in Ihc pi'occ55 of rcbuil(ling Iliis. A staff Mem￿1. has now bccn i'￿110¢￿¢¢d to cooi'dii)a¢e tliis artd rebuild il as 4L Iradillg activity. I'age 5 The Toy Librai'y Limited Trustees, Report S¢hool-# e Childirn Ollt of school provision. Oui. Next Steps pj'oject. funded by The. National LA)ttLYy J Reach￿￿8 ConllnLElllti¢s ruiid. WOLlts willi ¢l)ildren aged 9-13 yea1¥ it) ordcr lo support Iliciii during a period of n)ultiple ti'ansilions, This service was curtailed by 11)e Covid 19 paithe1￿c r¢stii¢tions but lias IEtui'Jied to previou.8 levels quickly due lo tlie diildiEii being very keell to get O￿t and play together. 'fhe fllst gi￿llt fi'oiii the National Lottery ended in Ai)Yil 2021 bill wa5 extended foj. thj'ee imoiitlis to allow for an app1￿CatiOn for a ¢ontinuatioii grant lo be made and ¢oiisid¢i'ed. Tliis look placc and we were awarded a furiljei. tlii'ee year grant Iliat began in Seplejiiber 2021. 204 sessioms Iiave beeij delivei'ed iii ilie last year will) neai'ly 3,000 attendances. Wc also operate coinmunily play sessions for scliool agcd cliildTen in a nLiiiiber of are&8 outside Bulwell acros$ Noitl) Nottingliani. Tliese have been fundtd by Ihe NCC Ai'ca Based (ii'jrtis prograinine. Jn Area l alone we liavc delEiiered 264 sessions w£th approx 400 &(iendances. This has continiicd and Ilie nuinber of sessions expanded in ircognition Uiat we al'e tlie only VCS i)iovider ofplay setvices. We are now Ilje Jiiwn provi15￿. of lioliday hunger activities and al'e fiinded by Holiday Activities Fund to deliver play ge8%joÈis Iliat iA¢lude a liealthy snack Èn 9 airas of (he ¢iry. In addition to the food provided in the session aii(t in parlnusjiip willi oui. local siipei'ni&rket, we also give eacl? child a liealtliy recipe ¢ai'd and ingredieiiis pack so tliey can cook tlieir fai?)ily & liultliy meal in llie cvening. We gaiiied additional futtdiiig from Tlie National Lollery to Carry out targeted support work in thUtd(￿r venue8 ror yaung pei)ple exi)erieiicitig Ilie n)ost sevei'e dirri¢ulties in coping wEili tlje lockdown. ThEs utiliscd oui. woodland wliioh offeiEd safest bill also t]ie most ¢liei?peutic environmeni. This initiative lias been incoiporated into the second Next Steps grant fi'oin tlie National Lotteiy. Woodlaiid activities. A mediuni sized woodland i)¢ai' our base pi'ovides ali ideal venue for forest school and other types of play activiÈie% far cliildren of all ages. We utÈlise tliis for a wide range of provision, bolli foi. local cljilditii and a v¢nue to offer seivices to schools attd ¢hild¢ai'e pi'ovide&%. Whilst this woi'k has been i'estt'ieted due lo Ilie paiideinic, it also otyeird tlje best opportuiiities to offei. 8erviees wlier¢ resii'ictions liave allowed due to being autdooys. I￿ addiiiort, we #Iso oi'ganised 8 number of 'tTea5ure tt?ils' aiid liglit shows througli the voodlands ¥nd invited faiknilies lo visit independejiily willi ¢lieir eliildrcn. bice coiiiiniiniiy evtnts. Dut to Ilic cost of livin8 CTIS15.Tlie Toy LIbrary lias coniiiiilted to offei'ing coiiimuni¢y evenls over IlTrc majoi. scl)ool liolidays. We oflen do Iliis iii i)artnersliip wilh (he Local Autliojity, Bulwell Onc Vision PartneiEliip, a local golf coui'se, coinniunity arts orgonTsations. and othei. wellbting and financial resjlienee oi"ganisations ai)d agencic5 the city. Ivents tIIES yeai. have beell National Play Day eelebi'ations and Buliyell Arts Fcstival. Fonlicoining events Halloweei) spcctacle and Clllislmas lights trail lEu￿ugh tl)e woods. Volunleeriiig and Ell)ploy&bility. We Jiow employ a Vi)lunteei' and Linployability Managei wlio I￿nS ¢inployment liub at tlie local joinl servicc ceiili'e, iiiiis Equippcd to Succeed .%e*%ithns, suppoi.15 tlic local Food Bank by iEcruiling and 8uppol.iing volunteers, siipix)i-Iiiig voliintcci's ivlio are inieresitd iii woi'kiiig ivith ¢liildi'en iii olli. out of scliool and pie 5cliaol fessioiis. We arc also pai'tnerlng witli Forest in tlie Coiniiiuiiity to roll out Mulliply (mailis aiid ba￿lC iiuiiiciacy skills fo¥ anythiit agcd 19+1. Voliiiiteei. liours112ve built lip to average of 1501101115 a tnontli. The activities listed alx)VC dij'ectly with our strategic obje¢tiv¢s and contribiile consistently to our Cliayitable Obje¢ts, Tliis year they also refle¢t sigi)ificaiit i)ro2iiss againsl our sboitliiiedium teim sts'at¢gy in tliat t)ur dtlivciy of thc Fainily M¢￿t01. Sei'vice foi. tlie Sinall Steps Big Chaiiges piYJgi?InJiit I￿$ exlLiided oiir Ke#¢li. We ai"e now able lo offcr intcnsivc 8UI?Jx>I'I to 811 families willi childi'en aged 04 yeat3. We liave just been warded fuitliej. fulldiiig fol. largeled woi'k ￿'￿tIl yeai. 6 & yeai. 7 pui)ils. Pllge 6 The Toy Library LimÉted Ti'ustees, Report PerformAnce In ol'der to measure and i1￿￿lt￿. our perfomiance lowaiY]s achievillg ow. objectiv&% we Carry oiit the following: A¢livil Record nuinber of gi￿llp sessions run ullder all CAtegories of seivice. Record ft￿1)ber of iodividual ¢liildrett and adults attellding giDiip sessiolls. Record tlie niinibEI' of Rltendances at ¥oup sessioiis. Record activities deliwei'ed at group 5eSSIOIIS. Recoid all lioine visits undertaktTh. Wc Pik)dute iEgular case Studies to track tbc qualilalive challgcs that take place in tlie lives of the ehildren and faLiiilies wittL whom we work. We are developiiig R consistcllt process by whi¢li to Ineasui'e the so¢ial impaci that our activities lead to &nd to denioi)sliate tlie diffeiEnce oui work is makin Volunteers We recTLtit, tyaiii aiid support voluntcei's lo in¢iEase tli¢ deliveiy Capacity of our woi'kforce wlwe aijpi'opi'iate and in order to iniprove tlic volunteeTS own a¢ces$ 10 traittinB and eniploynient. PIAMS foy futui'e pei'lods Aiins aiidkey objeclffvésfopfNliiiYperiods Our plans al'e suminai'ised below- Having grown Eli size, Iracli and capacity recently we continue to work to consolidate our posits01) alld ensuye tliat we Irinain eff¢ctiv¢ and ¢ffi¢ient in pi'oviding our services and aetlVftie5. Mit Covid 19 pandeiiiic was dcvastaling enough. Followed by the ¢osi of living ci'isis, oiir families are Struggling to pi'ovide tliose evciyday esstiitials. We plan lo continije io.%iippoit farnilies accessing our 5e5SIOII. tliroiigli oui. parlnc1511ips. We provivc Il)L financial staleiiienls Linltss Iliey air satisfied Illal Iliey £ive a Iriie and fail. view of tlit 5tatc of affairs of tli¢ ¢lia¥ilable ¢otnpatty attd of the incoining resources and application ot. i'esouiEo%, iiieluditig its iiicoine and cxpenditLiJe, of Ilie chaiitable company foi. Iliat pei'iod. In preparing tliese finaiicial statememts, the tn￿(¢¢8 al'e i'equiiyd to.. select suitable accounting policie5 and apply them consistently) obbrL'VC th¢ iretliods and ptiii¢iple$ in tlie Charities SORP; make jud8enienls and estiinatcs that are irasollable and priideiiÉ- state wl)etlier Applicable uccouiitittg slai)dards, comi)rising FRS 102 have been followed, subj¢¢i io any niaterial departures disclosed and explained in the finart¢ial siaiemenis.. and prepare the fiiiancial stateilleiits on the going cortGein basis unles5 It is inappropiiate to pitSUffte that the charitllblc coinpally will coiitinue iii business. The tTUStee% are Fesponsible For keepiiig pi'opci. accounting records Llut can disclose willi i'easonable accui'acy at aiiy tiine Ihc financial position ofthe ¢li&i'iiable coiJpany and enable tliein ¢0 ensure (liai il)e finan¢ial siatemenls Loinply witli tlie Coinpanies 2006. Tliey aTe also ie5PQDSLble foi" safegFuarding the asset% of tlie cliaritable collipany and hence foi. taking iEaSOllable steps for Ihe prevention and deieclion of fraud #nd oiher irreg￿l&i'llles. The Iruslees air I"e5POn5ible foi. the maiiitettance and inlegi'ity of the corporate and finaiicial it)foimtlÉaii included on the Cli￿.1t￿61c coi)Ipaiiy's ivcbsite. Le¥islation 8overtEillg tlie PiEpaiEtion ￿}d dis5eiEiiiJation of riiiancial sratemenis may diffei. fi'oin legislat20n in oiliei'jurisdiclions. Siiiall eoillpanies pi-ovision staleinent Tiiib repoit lias beeii i)i'epared in aceoid&nce witli tlie sjnall coinpanEes i￿gi￿le undei. the Coinpanie8 Act 2006. ie ani)ual repoi't was approved by ilie ti'ustees of tlic charity on 30 October 2023 and si¥ned on 11% behalf by.. Mel i'ka Sttller-Magnu%dottii' Truslee Page g The Toy Librai'y Limited Independent Examinei's Repoi't to the trustees of Tlie Toy Llbi'ary Limited ('the Company,) Iiidependent exanllllel s report to tlie tr115tets of The Toy Libi'AI'y I,Iiiiited I'the Comp&iiy') I report to tlie chai'ity trust¢es on my examination of the accounts of the coinpaiiy for tl)e year elided 31 March 2023. RespollsÉbilitie5 And basis of i'eport As the cliarity's Iriistees of tlie Coinpaiiy (aiid its directsiis foi. tlie puip05es of coinpany laivl you arc regponsible foi. Ihe preparaitoii of die a¢¢ounts in &Lcord&iicc willi the r£qiiiiEtiien18 of tlie CoJi)p8nies Acl 2006 ('tli¢ 2006 Act'l. HavJtE2 satisfied n)ySLlf ihal Ilic deevunts of the Cvinpdny 3r¢ nol required to be audited l￿dcr Part 16 of the 21Kb6 Act aiid air eligible foi. iiidepeiideiit examiEMtion, l i'epoit In L'espcct of Iny cxaininalioii of youi. chai'ity's account5 as carried out uiidei. section 145 of tlie Cliai'ities Act 201 I ('the 201 E Act,). In cariying out iiiy ex￿1)Rn&t1011 I h8ve followed Ilie DiiECtions given by the Charity Comimission urtder seclioll 14515)(bl of the 2011 Act. Independeiit Liamiiiei's statement Since tlie CoiMpany'5 giD85 incoinE cxrceded £250,000 your exaininer Tniist bc a nieinbei. of 8 body listed in sc¢liort 145 of tli¢ 2011 A¢t. l confiim that l an) qLialified to undeitake t￿¢ cxamination becaus¢ l ain a in•i)bei' #lid Fcllow of the Associatioii of Charity JE]dependeiit Exaii)iners, whiclJ is ojie of tlie listcd badies. I have coiiipleted niy examination. l eonfll'm that no niatters liave come lo my attentLOlI iii COt￿e¢t10ll witli the exaiiiination giving Trie cause to believe thal in aE)y material respect.. accoullting recoi'd8 werc i)ot kcpt in respect of the Conipany &$ requii'ed by $eclion 386 of tl)c 2006 AGt,' or 2. the a¢coiin16 do not accord with those Jrcords- oi" 3. 11)e accounts do not cOl￿p[Y will) Ilie accoullting requEIEnienL8 of se¢lion 396 of Ihe 2006 A¢t oilier tliwi any i'eqiiireijieni tliat Ilie accollttis give a 'ti'ue aiid faie view wliicli is nat a matl¢i- considered as pait of an ittdependent exa1￿1t)aiioll,' oi. 4. tlie 2CCOUtits h2vL Ilot I￿en prepared aLcordance with the meihods and priiiciples of the Siatcmcnt of Re¢0ml￿elld¢d PIM¢¢ice for accouiiting aiid I'epoi'liiig by chai'ities lapplicablc to cliarities pi'epariiig tlieir accounts in accordance with the financial Reporting Standard applicable in the UIC at)(f Republic of Irelat)d (FRS 102)]. I havc no concenis 3nd liave cotne across no otlier Inatters In COTineclion wEth tlic cxaininalion lo wliicli attention shoiild be drawn in ihis repori ID ol'der ￿ enable a propel. uii(Ici%iandiiig of tlie accounts ta he iraclied. Brieii Msc, FAIA, FCCA, FCIE, cinployce of Conin)unity Accounting Plus Fellow of tl)e Associaiioi) occliarily IndepeJ)d¢iit Exaininers Units l & 2 Nortl) West 41 Talbot Sti'ettt Noltii)gliain NGI 5GL Date.. 1011112023 Page 10 The Toy Library Limited Statemeiit of Financial Activities foi. the Year Ended 31 Mai'ch 2023 (Including Income And Lxpenditui'e Account and Statemcnt of 'J'otal Ilecognis¢d Gains and Losse$) Tota Z023 Total 2022 Uni'estricted RestrÉcted Note lJi¢onie aiid Eiidoivineiits fi'otn: DoiiatEon% and Icgacies Cliaritahle activitte% Investtttent inconie 44,80.5 29.134 44.805 869,118 104.571 732,924 839,984 Total Jn¢oine 73,941 839,984 913,925 837,495 Exi)enditui'e oil: CIMI'itable activitics 118.743) {793,331) {812,074) (717,026) Total Expenditutt 18,7431 793,33 (812.0741 717,026) Net incoine Transfers between funds 55,198 2,306 46,653 2,3061 101,851 120,469 Net moveinellt ui fui)ds 57,504 44,34? 101,851 120,469 ReconelliAtioll ot'flliids Total funds brought foiivar 79,9()9 178,408 258,377 137,908 Total funds ¢aiTied foLTrvard 18 137,473 222,755 360,228 258,377 All of ilie ¢haYily's acliviiies derive from ¢ontit)uing opei?lJoiis durittg the aEK>ve two pel'iods. Tlie fiinds breukdown foT the pei'iod is sliown in noie 18. The llotes on pagL% 15 to 25 foi'iii ali iiilegi'al parl of these finarteial slalcmcnl%. Page 11 The Toy Library Limited Statemeiit of Financlal Activities for the Year Ended 31 Mai'ch 2023 (Including Income and Expenditure Account and Statement of Tot21 Recognised Gains and Losses) These aye the figurt$ foi. the prevlous aeeountln2 period and are included for conap%i'ative purposes Urtresti'icted RL5ti'icted Total fiiJLds luijds 2022 Note Incom¢ Ei ijdoivments fi'oin: Donations aiid IcgaLies Cliaritable a¢livities 104,571 26,769 104.571 732,924 706,155 Total incoJiJe 131,340 706,155 837,495 EYpettditui'È on.. Chai'itable aclivilies 62,9471 (654,079 717.026 Total ex￿nditUre 62,947) (654,079) (717,0261 Nct incotTrie 68,393 52,076 120,469 Net ￿￿¥eMet1t in fi]Jids 68,393 52,076 120,469 Reconelllatlon of fttmds Total fEinds biought fonvaid 11,576 126,332 137,908 Total fi]nds cariied forwai.d 79,969 178,408 258,377 Tli¢ nol¢s on pagcs 15 10 25 furiii an inlcgral pllrl of Ihese financial siaieiiienis. Page 12 The Toy Librayy Limited (Ilegisti'ation number: 05687000) Balance Sheet as at 31 March 2023 2023 2022 rlot rilxed Assets Tangtble &sscts 15,023 1 5,907 Cui'rent &￿e(S Debiois Cash at bal￿ and in haid 10 16,224 358,E19 24,171 246,472 374,343 270,643 CrtdStors; Amouiit$ falling due within year 12 (29,138 28.173 Net cui'i'ent assets 345,205 242,470 Ntt %LSSQt5 360,228 258.377 Fuiid$ of the charlty: Reslricléd Income fuiids Restricted funds 18 222,755 178,408 Unresti'icted Itbeoine lunds Uni'esti'icled fuiids 137,473 79,969 Total fuTid5 18 36n,228 258,377 or tlic fiimicial ycar ending 31 March 2023 tlie chaiity was entitled to exemptioii froni audit undei. s¢ct5011477 of die CoTrnpanies Act 2006 relating 10 5niall Coillp￿ikes. DiiEcloJ's' i'csponsibilitlC5'. The menibei"s have not i'equired ilic ¢￿￿'1tY to obtain an audit of ils accoiinis for tli¢ year in qiiestion in accoixlaiice witli section 476., alld The diiectors a¢ki)owledge their responsibilitiex foi. ¢ott)i)lying witli the reqiiiirments of tli¢ Act witli respe¢t lo accout)ting records alld the PTepaTalicn of account5. These fiiiiillcial statemeiils liave been PTepaiEd in i1e¢OI"d2tice wjtlj the special i)I￿Vi%10A8 rel£i1ing lo coinpanies subject lo tlie sinall coJnpaThies regiine within Payt 15 of the Companits Act 2006. Tl)e fJiian¢ial statements on pages I I to 25 wei'e approved by the trustees, and aiitlioriscd for issue on 30 (ktobei" 2Q23 and %igned ott their bdialf by.. Gia as tee Tlie Jiotes on pftges 15 to 25 foiTh an iiitLgi&l pai-l (if tlicse finaLi¢ial slalemcnts. Page 13 The Toy Library Limlted Statement of Casl) Flows foi. the YeAr Ended 31 Maft'eh 2023 2023 2022 Note Cash flows froni (trpÈi'a¢ing activitiÈs Nct cash in¢ome 101,851 120,469 Adju5tinenls to ea5h floivs fi'onj noii-casli itenTrs Dcpi'ecialii)11 Investiment incol￿t 2,648 5,412 104,497 125.881 WorkiJLg eapitAI Ailjusttuwits Decrtzsc In debtors Inctcasel(deciERsel in creditors 10 12 7.947 965 19,505 41.619} N¢t ¢8sli flows from op¢raillig a¢iÉviiies 113,409 103,767 Casli floivs fi'om investing gctivities Intti'est rccetvable and simil81- income PuL'chd5C of tangible fixed assets (1,764) 12,298) Net casli flows from invcsting a¢tiviti¢s (1,762} 2,298} Nct increasc in easli and casli equivalentg 111,647 101,469 Casli ai]d casli equivaleiils al E April 246,472 145,003 Casli and ¢asli equival¢nis at 31 mai.eli 358,119 246,472 Relojiellialion of net easli floiv to Inoyemeiit iiet funds Incirase iTa cash 111,647 101,469 Nei ￿1}{[S at l Api'il 2022 246,472 145,003 Nci fullds at 31 Maiih 2023 358,119 246,472 All of tlie cash flows air derived froin contiiiuing operations dui'ing tlie above Iwo periixl I'lie ￿01¢8 1)n pages 15 to 25 forjn an intcgial pait of these finan¢Éal si&i¢inenL%. Page 14 The Toy Library Limited Notes to tlie Flnaiiclal Statements for the Year Ended 31 Mareh 2023 l Accountiiig policies Sumin&r}' of slgiilficAnt aecountlng yoll¢l¢s 9Md Ii¢y a¢eouMtliig estlmates The pi'iiicipal accoLiiILing policies applied *n tlit prepai'atÈon of (l?csc financial s191einenis are set ou( below. These policies Iiave been consistently applied to all the years pi'eserted, unless otliei'wise slated. stateM￿lt of coillpliallee The finarlcial st#tenients huve been ptepared 15) accoi'dance with Accountilig and Repojting by cl)￿.[tIeS.. Stalell)elll of liecomiiiended Pi'aclice lapplÈcable to chaiities pi'eparillg tlieii accounts in accoi'dance with Ibe FinaiiLial Repoi'liiig Slandayd applicable in Ilje UK artd Republic of Ireland IFRS 10211 {issuvd in Ottobei. 20191 {Chai"ilics SORP IFRS 10211, tlic Finaiicial Reporting SiandaTd applicable iii Ilie UK aiid Republic of Ireland IFRS 1021 and Lhe Companies Act 2006. Basls of py'eparadon Tlic Toy Libiaiy Liinitcd Incets tile dcfinitioti of a Pliblic benefit entity undey Flis 102. Assets and liabilities ai'e Initially rtcognised at historical cost oi. tians&¢Lion valu¢ unless otliei'wise stated in the Irlevant a¢¢ounling policy notes. Going eoiicei. The finaiicial stateinents liave been piHJared on a goiiig concein basis. Tlie (rJste¢s assess wlietlier tlie use of going con¢ern is appi'opriale i.e. wlietliei. tliere are any Inai¢rial un¢ertainties related to evenL8 or coftdiLltstis that in&y cast sigi)ifican( doubt oil tlie ability of ilie cliarily to continue as a going eolicern. Thc ti"ustecs inakc this aS￿ssinG[Lt in respcct of a p￿.i￿d of year fiDt%i the d&te of approval of the financial statejncnts. In¢oinc aThd endoiYm¢ntS Volunlaiy itt¢om¢ in¢luding donations, gifts, legaci¢s aiid ￿￿￿1$ Illat provide tore funding oj. are of a genei?I T￿tU1￿ is Ircognised when the chwity has eiiliilement lo the inconie, il is pi-obable 1111£ I tlie incoine WKII be received alld the ainount eaii be n)easui'ed with sufficient reliability. D￿lIall￿11S. rtiidleg￿eIe.1 Dojlatloi￿ are recosniscd wlieii the cliarity has bc￿1 notificd i&1 writlll8 of both tlie ainouiit aiid seiileJllei)t date. Rn tbe event that a don3lion is subject lo conditions tiial i'eqiiire & level of p￿￿Oi￿12￿Ce by Ilie chai'iry befoiE the charity is entitled to Il)e lunds, Ilie income is deE¢KI'ed artd not i'ecogiiised uiilil eiihei. Iliose conditions air fully iii¢t, or Ilie fulfilnient of those condit10115 15 wholly wiiliin the control of the ¢liariiy and il is piobable that these conditions will be fulfilled in tlie iepoitiiig peiiod. Grnnts al'e recogtiised whe]1 the charity liay eiltitl￿n¢nt to tlie tiinds aiid any conditions liiiked to tlie Si￿ls have beeii inet. Wliere peifoi'ii)attee cOndit￿0￿S ￿'e attaclied to the grailt and al'e yet lo be li￿(, tl)e in¢oJne ES Te¢ogni5ed as a liability included oil the balai)ce slieet &8 def¢KL'ed in¢onK lo be released. Page E5 The Toy Library Limited Notes to tlie Finaiicial Statemeiits foi. the Year Ended 31 Mai'ch 2023 Expenditure All expenditur¢ is Yeeogrtised once tlicie is a legal OT constructive obligalion (o tlial cxi)cndiluTe, EE is i)i'iibable settleinent Is requiird aiid the 21110Ullt cali be measui'ed IEliably. All costs al'e allocated to tlTre applicable expenditure headii)g that aggregat¢ siinilar ¢osts to Ili&¢ categoTy. Wliere costs c￿￿0t be dii'ettly attribiited to PaI1lCltlai' ljeadiiiEs they have been &llocated oil a basis consistcnt wttli th¢ iise of Jrsour¢es, witli ccntrlll s¢aff Costs allocated on tlie basis of tiine spent, and depreciation chdi'ges dllocated on tlie portion of tlie asset's u%e. Oiba. suppoit costs aiE allwated based on the siiread of sl&ff ¢osis. Cliai'itablc expcndittii'e comprises those costs incunEd by t]i¢ charity in tli¢ delsvciy of its activilies &nd sd'vices for its b¢ncfi¢iaiies. It incliides both costs that cali be allocated dii'ectly to su¢h activities and diose costs of art ittdire¢l naruiE the¢essaiy to support Iheill. TaxatLOII Tlic el)arity is eoji%idered to pass the tests SÈI out in Pai'agiaph I Scliedule O of tlie Finance Aci 2010 and thcrefoi'e il n)eels Ilie defjiiittoii of a cliarilable coini)any for UK corporation tax purpos&8. Ac£ordiiigly, Ilic cliai'ity is poleiitially Lxon)pl fi-oiii laxalion in L-¢specl of inconie oi. capilal gains i'eLeived williin calegoiries covered by ChapieT 3 Pai1 1 l of tlie Coi'poration Tax Act 2010 01. Sectioll 256 of tlie Taxation of Cliargealile Gains Act 1992, 10 the extent thaL' sueli inconie OL. gains are applied exclusively to ¢harilable PEiTposes. Tangible fixed assets Individual fixed assets eosling £500.00 oi. niore are initially recoi'ded at cost. Depreclatloii and amortisation Deplrciat￿On is provided on taiigible fixed assets so a$ (o wrÈte off the cost or valuatioji, less &ny esliniat residual value, ov¢r tlictr expected u8efiAI econoniic life a& follows= Asset ela$s Depi'eclatioll niethod &iid Yate 33.30/0 Ort U sIYAi8lit line basi8 20.00/0 oil a slraighi li1)¢ ba51S 20.on/o 011 a Straight line basis 10.0% otl a straiglit line basis Geiieral equipniejit Moloi. vehicle5 Bllilding itnprovements Trade debtors TIRdc debtors arc aniount8 due fiDm custOmeJ￿ foi. merchaiidise sold or services peJfom)ed in tlie 0rdill￿y course of business. Tiade debloi% are J'eeogiiised iiiilially at Ilie ti-artsaction price. They are subsequcntly ineasured at ainorlis¢d cost using tlic effective inteTest iT]¢iliod, less provision for ijnpairmeiit. A i)rovisioTi foi. tlic iinpaiiinenl of Iradc debtors is e%lablished wlieii iliere is objeclive evideiice Ihal the cliarity will iiot be al)le to ¢olle¢i *ll aEnouiits due aceoilinb 10 the oi'iuiinal Ici'nis of thc receivablcs. Cxsh And c&sli equivaIeiht$ Cash and eash CqLiivalcnts coiiii)ri%e casli on haiid and call dcpa.%il8, and other 5hoi'l-lei'in IiÈghly liqiiid Inve8tinei)ts tliat dre recTrdily converiible to & l(nown anioutti of ¢asli aijd 8re subject to uji in81￿lifiCalit ¥isk of rhallge iii value. PAge 16 The Toy Libi'ary Limited Notes to the Finaii¢lal Statements for the Year nded 31 Mai'ch 2023 Ti'ade ci'edltoi. TradL cyeditars ai"e Obligai￿On$ io pay foi. ¥oods or %erv¥ccs ¢lial Iiave been acquired in the ordinary course or busiiiess from suppliets. Account5 payable al'e Classified as euii'enl liabilities if the Lliai'iLy does Trot Iiave an uneottditiotial Tight. rfli ¢lie end of tlie irporting [)eriod. (o defer settletnent of Ilie crcditoi. for at least twelve tnontlis aftei. tFLC iEporting date. If their is ali unconditlonal l.ight to defer 8ettl¢mcnt for at least twelvc t￿>i]t]iS afta. tlie reporting date, they al'e Pl-eseiited 2)s iion-cuireiit liabilities. Trade creditor5 are retognised initially at tlie ts'ansa¢tion pi'ice alld subsequently measured at omoilised cost sing the effective interest it)ethod. Fund structure Unirsti'icled incomc fllnds aiE general funds ihat are available for ￿se al Ilie tTusle¢5' dis¢iriion in furtheraThce of Ihc objectives of Ilie chaiity. Designated fvnds are Ullyesti'icted fuiids set aside for specific pui'p05es al the discretiott of tlie tiwstees. Reslrieted incoii)e funds al'e tliose gixnts foi. use in a parliculai. ai'ea oi. for specific purposes. tlie use of whicli is I'C5tri¢ted to tliai aira oj. puryose. Pensions Anil olhei. Iio$t rttli'eiiient nbligatiolls The chai.ily opeiytes a dcfjlled conti'ibiition i)cnsion s¢heme for c￿p10ye¢s. Tlie assets of the schen)e al'e lield separately from those of tlie ¢li&rity. Pensloii costs ¢liarges in the Statemeijt of Finaiicial Activities repi'esent the contsibutions payable by ilie ¢harity during Il)e year. 2 Intome fyom dollations #nd legaeies Uiirestt'icted Total 2023 Total 2022 Geiiei'fil Dot]&tions and lekTacies' Donalions froni Individ￿1$ artts, Éncluding capital g￿ntS., Goveriitnent gtaiits Granls fi'oiii conipanies 847 847 949 103.622 43,958 44,805 44,805 104,571 3 11)cnme fi'oii) tliaritfiljle activities UiTrrestrlcted fuiids GeD¢r&l Re5ti-icted fun￿8 Totgl 2023 Total 2022 GTanls' & dondtions Sale5 & fee5 839,984 839,984 29,134 706,155 26,769 29,134 29.134 839,984 869,118 732.924 Page 17 The Tuy Library Limfited Notes to the Flnancial Statements for the Year Ended 31 M*rch 2023 4 Imvestineiit liieoithe Uiii'estytettd ruiids Genei'al Total 2023 lttteresl receivable and siinilar inconie., llltcrest rec¢ivable on bal￿ deposits 5 Expeiiditui't on chai'itabIe actlirlties Uiire5ti'icted fund$ Designated General Restricted funds Total 2023 Total 2022 Cleaiiing Dcpi"cciation Equipment, Yepails & renewals Events & activities Governaiice H05Pitality & r¢firshmeiit5 lttsuraiice Legal & piDfessional Ovei'head Itcliai'gcs Pa)QDII sei'vice Premises maintenance Piinlings publicity i'oJnoliot]s Publications, siibs¢i'iptLL)ll5 & aifiliatioiis RccixLilinent 1,072 2,()48 184 11,489 3,120 290 4,588 15,922 (119,960) 660 2,478 1,198 2,270 2,048 5.705 3527() 3,120 1,314 4,871 45,280 1,792 5,412 ,4110 15,548 5,521 23,787 1,024 283 29,358 119,960 4,727 4,131 15.155 660 38,081 560 4,690 35,603 54 105 2,588 68 16,463 2,656 16,538 58 3.081 1,602 7,505 22,118 1,177 595,244 2,794 9,997 338 12,497 1,140 2,037 2,507 5,044 20.816 43,141 564,367 2,191 3,290 6,065 19 75 58 681 516 6,845 15,318 Staffclothing Staff expen%es Staff Irttiniiig Slatioiieiy & otTice costs 'releplion¢, Iiosiage & int¢￿e1 Vollliiteei. eKI)eiises Wages. Nl & pciision VaiTr costs 2,400 1,086 660 6,800 I I,OC?3 530,262 795 7.0(H) 64,982 .999 2,997 GLat]ts repaid 79 79 2,588 16,155 793.331 812,074 717,026 Page 18 The Toy Libi'ary Limited Notes to the Finaiicial Statements for the Year Ended 31 March 2023 6 Net iiieonilngloutgoing i'esourees Net inconiing r¢sour¢es for the year it]clLtdE'. 2023 2022 DEpr¢¢talioi) of fixed assets 2,648 5,412 7 Staff c05t$ The aggirgate payroll costs ivere as follows., 2023 2022 Staff eosts during the yeai. Ivere: Wages and salaries Social secui'ity costs Pension costs Cumpensaiion pa￿)Jertts 539,085 30.199 25,960 508,385 27,664 24,656 3,662 595,244 564 367 Tlie inontl)ly average Iiumber of persons (including Senior Inatlugemenl teain) einployed by tlie chai'ity during thc yta¥ was as follows.. 2023 No 2022 No Averag¢ nuinbcr of einployees 45 40 24 {2022_ 22) of thE above eiiiployees parliLipaied in the Defined Conti'ibEItTon Pensioii Scl)emes. Conti'ibutiolls to the eiiiployee pettsion sclieiiie8 foi the year totalle(f £25.960 (2022- £24,656). During the year. tlie elharity made irdundaney andloi. ter1￿1￿￿tiO￿ paytnents wliicli toialled £Nil (2022- £3,662)- No eimployee received cmoluiheiiis of more Ilian £60.000 diEring tlie year. The total employee bettefits of the key fllanageit)eiii personnel of the cliarity were £36,737 (2022- £52,447). S Fees payAble to independent exfiinillei. Duying Ilie peiiod, tlie fees pay3ble (excluding VATI lo tlie cl)arily's indepei)dent exaininci. Cojninunily Accoi*tLting Plus ar¢ analysed as tollows.. 2023 2022 Independeiit exaniination 1,575 1,500 Page 19 The Toy Librai'y Limited Notes to the Financial Stalements foi. the Year Ended 31 MArch 202J 9 Tangible fixed asscts LAnd oiid b￿lIdIng$ General equ1p1iie￿t Motoi. vehicles IT equlpiiient IluSldlng inipi'Dvements Total Cost At l April 2022 Additions 10,000 14,933 3,995 21,144 2,298 1,764 52,37Q 1,764 At 3 1 Marcli 2023 10,000 14,933 3,995 21,144 4,002 54,134 Depreti&tioii Al l Apiil 2022 Cliarge for the yeay 14,933 1,599 19,701 230 36.463 799 1,443 406 2,648 At 31 March 2023 14.933 2,398 21,144 636 39,111 Net book value Al 31 March 202.4 10,000 1,597 3.426 15,023 At 31 Mairli 2022 10,000 2.396 1,443 2,068 15,907 Included w2tliin the net book value ot. Idnd dnd buildimgs above is £10,000 (2022 . £10,000) ii) Irspect of freehold land and biiildings ai)d £Nil (2022- £Nil) in irspcct of leastl)oldg. 10 Debtors 2023 2022 Ti'ade debtor5 Prepayinents 7,974 8,250 3,057 21,114 16.224 24,171 IJ Cash and cash equivalent5 2023 2022 Casli on liand Casli ai baiik 170 357,949 128 246,344 24C),472 358,119 Pag¢ 20 The Toy Library Liwited Notes to the Financial Statem¢n¢s foi. the Year Ended 31 March 2023 12 Creditors.. amounts fallirig duc %vlthliJ oiie }'eg1' 2023 2022 Trade creditvrs Otliei. taxation social security oiliti. crtditors Acctuals 13,219 7,029 I,S90 7,000 20,084 6,289 1,800 29.138 28,173 13 Cli%Ylty status Tlie cliaTity is o coinpany liii)ited by guarantee dlld ¢onsequenily does not liaiie share capital. Eacli of tlie trustees is liable ¢0 ¢ortlrtbule ainount nol exceeding £1 ti)wards tlie asset5 of Éli¢ ¢hariiy in the event of l&quidalion. J4 Pr¢iMIsc$ The Piwnises, which was oiigiiiJlly a City Council Coii]]nunity Cenlre. was PUTchased by thr Toy Libraiy in 2006 foL £IO.000, however, IlieiE exists a covenant which i'estricls tlie salt of 11)e propeity. If the pYop¢iry IS sold, leased OT di%posed of. Ibe Toy Libixiy will pay (lie Ciry Couttcil 90D/D of Ilic open niarket valu& At PFesettt rhe pi'opei'iy is insured for £200,000. Tlie value of £10,000 is ii)¢luded on the balance sheet but noi depit¢iated. 15 Trustees reinuiieration and expenses No ttvstees, noi. aiiy persons connected witli therl), have received any ilniuiieration fi'om the cllaiity durLn8 tli£ year. No tri￿tte$ Iiave iEceived any reEIMbursed expeiises or aiiy oili¢r benefils froiii tlle chai'ity duri￿g die year. 16 Taxatloii n)e cl)￿lty is a regi5teTed chaiity and is thurfor¢ ¢x¢Jnpl fi'oin taxation. 17 Related pai'ty traTlSa¢tions Th¢i"e were no *e12(ed i)arty ti?nsaction$ iii the year. Page21 The Toy Library Limited Notes to the Finaiicial Statements for the Yeay Ended 31 MAreh 2023 18 Funds Balance at 31 MArc 2023 Balance At I April 2U22 Resoiirees exptiiiled i'esoui'c¢$ Tixnsfers Unrestfleted funds Geiffteiwl Core Costs 49,770 73,941 {16.155) (3,010) 104,546 Defigiifilvd Redulldancy Eieserve Recruktn)ent Rescrve 27,611 2.588 5,316 32,927 2,588 30,199 (2,588 5,316 32,927 Total unresti'icted fullds 79.969 73,941 118,743 2.306 137,473 Restricted funds B2J*er's Wood & Sycamore Abotetutll Playdays FoTest Families Family MentoiE i)IDgi?IiiJne Peoi)le in the lead ABG 29M*y1961 N¢xt Steps (Big Lotte]y) QMC Playdays SSBC pi'ojccls redundancy fund Rooin to play ISSBCI 19,25(1 120,831) (4,-500) (8,556) {439,222) {40,36S) {95,338) 4.500 8,556 73,779 496,020 4U,368 5,390 1128,7791 1,798 2,580 5,158 79,764 2,490 2,632 5,158 78,017 131,772 (133,5191 {2,490) 55,0(X) 71,473 55,IKM) 80,150 57.184 (48,507) 'rotal i'esti'icted flliids 178,408 839,984 793,331 2,306) 222,755 Tot#1 fllllds 258,377 913,925 {812,0741 360.228 Tlie Iransfti. fi'om tlie Fainily Meniors fund was a i'cquijijnent of tlie fundei. to Ictain £55,000 iii a 5epai.ale rests'icled flind foi. Ike eiid oftlic SSBC PToject, wheii sla￿7￿￿ of this pi'ojeet will ¢onie to ali cnd., al80 £1,798 10 remain irt 11)is I'esii-icied fui)d as Illi5 8i*ount niay need In be Irliiined 10 tlic fiindei- and ilie Irinaining anioiilll tIMn5f¢ri'￿I to thc SSBC Room lo Play piDjeet. The transfcr fiDin Ilie SSBC Rooni to Play ftiiid to Élle uni'esli'ictem Sn)all Steps Big Cbllllges which was used to tllnd 211 extension to tkne Fatiiily MeJilor SeNice by offering an a¢¢esbiblc diop in veiiue for families of 0-4years iii tlie iiiiddle o(Bulwell ceiiuE. Last year- Tlic Toybox Fiind received inoney frain Nottinghain City Council as pait of ils Fai'ly Yea13 fuimliiig for frec places foi. 2, 3 aiid 4 year olds in iiuiserie$ and scliools.. The Woiider W()ods fund received the filial paynient froni die Ails Council England to fLind activiti& JnvolvinbT ai'ls Ill tlie woods: Tlic Capability Building piDjecl rectived funding fi'oiii the Youtli EndowiF)enl Fund unfortunately Ihe balance unspcnt on tliis ftind litd lo be ietiirrted to ilie furtder: And the Playb*¢k Pl'oject i"cccivcd 14ei"itagc Lottery fiindiiig to woi'k wiiK peoi)le of all ages IE) capturÈn8 their Ineinories and expeiiences of Cliildhood play iii¢luding oral histoi'ies, pholograplii¢ r¢¢ord5, a frec conununity exhibition #nd Élle developme&it of a legacy arcliive foi. fi]tui'e generations. 19 An21ysis of tiet ass*ts betiveen funds Uiii'estricted 2023 I'otal funds Geiieiyl Deslgii#ted RestYLCted Ttt]igiblc fixcd a&8et% CuriEnl as.8ets Cui'iEnt liabalities 15,023 15,023 374,343 29,138) 32,927 222,755 29,138 Tolal net assets 104,546 32,927 222,755 360,228 Page 24 The Toy Library Limited Iyotes to tlie Fiiiancial Statements for the Yeai. Ended 31 Mai'eh 2023 Unresti'irted 2022 Total fund5 Gciieral Deslgnated Resti'i¢t¢d Tangible fixed #sscts Ciiii-ent assctS Curi'ent liabiliti&% 15,907 62,036 128,1731 15,907 270,643 128,173 30,199 178,408 Total nel assels 49,770 30,199 178,408 258,377 Piige 25