Company registration number: 05687000
Charity registration number- 1117739
THETOY LIBRARY
The Toy Library Limited
(A company limited by guardntee)
Annual Report and Financial Statements
for the Year Ended J l March 2024
Community Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL

The Toy Library Limited
Contents
Reference and Administrative Details
Trustees, Report
2to9
Independent Examiner's Report
10
Statement of Financial Activities
11 to 12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Statements
15to24

The Toy Library Limited
Reference and Administrative Details
Truslees
Melkorka Stiller-magnusdottir. Chair
Graham Masters, Treasurer
Elisabeth Wigoins
Marie Wilkinson
Martin Rinvolucri
Catherine Flint
Senior Management Team
Celina Adams. Service Director
Charity Registration Number
1177J9
Company Registration Number
05687000
Registered Office
Chris Firth Cottages
Squires Avenue
Nottingham
NG6 8GG
Independent Examiner
John O'Brien, employee of
Community Accounting Plus
Units l & ? North West
41 Talbot Street
Nottingham
NGI 5GL
Solieitors:
Counterculture Partnership LLP
Unit NH.204
E I Business Studios
7 Whitechapel Road
London
EI IDU
Bankers
HSBC
Nottingham Clumber Street
26 Clumber Street
Nottingham
NGI 3GA
Page I

The Toy Library Limited
Trustees, Report
The trustees, who are directors for the puryjoses of company law. present the annual report together with the
financial statements of the charitable company for the year ended ) l March 2024.
Truslees and officers
The trnstees and officers serving during the year and since the year end were as folloivs:
Trustees:
Melkorka Stiller-magnusdottir, Chair
Graham Masters. Treasurer
Stephanie Brdnnigan (resigned 21 November 202J)
Elisabeth w1￿[￿1n5 (appointed 19 September 202J)
Marie Wilkinson
Martin Rinvolucri
Catherine Flint (appointed 2 May 2024)
Structureg governance and management
ature ofgoverning document
The charity is a company limited by guarantee and re2lStered charity. It is operdted under the rules of its
memorandum and articles of association daled 25 January 2006 and most recently amended on 26 March 2018.
It has no share capital and the liability of each member in the event of winding-up is limited to £ l.
Recruilmenl and appoinlmenl oflru51ees
Each trustee is nominated and seconded before being elected by members at the Annual General Meeting.
Trustees also welcome contributions from individuals with a commitment to the aims and vision of the Toy
Library without taking on a fonnal commitmenl as a Trustee or Director. These "Management Committee
members" take part in Board discussions but do noi have voting rights when decisions are being taken.
Typically serving 1-2 years as Committee members, this model has given members of the local community an
opportunity to learn how the organisation operates. express their viem's as to its developrnent as well as a period
during which they gain confidence and understanding of the role. This has proved very effective as a long term
and comprehensive induction process. In addition it is our policy to provide fomial induction to the role of
Trustee and provide training follow'ing an assessment of both the needs of individuals and the Board as a whole.
Newly appointed trustees are invited to spend time with the Service Director and other senior staff in order to
gain an understanding of the day to day work ol the organi5ation. Trustees undergo a skills audit to identify
opportunitie5 and gaps in the organisation.
Organisalional struclure
The Toy Library Limited has a Board of up to ten Trustees elecfrd from our membership or cfropted by the
Board where there are vacancies between Annual General Meetin(ws. The Board elect5 a Chairperson, Treasurer
and Secretary from the elected Trustees. A Finance and Audit Sub-Group of the Board 5et5 and Sc￿tIlliseS
financial procedures and meets regularly to oveT5ee ongoing finances and reports to the full Board.
The Board is responsible for oversight and the strategic direction of the charity. It employs a Service Director
who is responsible for operational decisions, management of all staff and ensuring the eificient and effective
running of the charity.
Trustees are provided with indudion to the organisation on appointment training when a need is identified.
Pay and remuneration of staff are set in line with comparable positions in similar fields locally.
Page 2

The Toy Library Limited
Trustees, Report
Volunteer supporl and development
We recruit, train and support volunteers to enhance the delivery capacity of our workforce where appropriate
and in order to improve ihe volunteers, personal development and access to training aTJd employment.
Major risks and miligalions
The Board of Trustees has established a risk management policy for ￿'hICh they have overall responsibility, with
operational responsibilities delegated to senior staff. They re¢o.(mise the need to be alert to risks but are not
averse to taking reasonable risks as part of ihe delivery of services, particularly in play and other activities
centred around children. The Board expect all staff and volunteers to consider risks involved in any activity and
cany out risk assessments prior to delivery of services and activities.
risk register is maintained covering the following categories". Governance and ManagemenL Operational,
Financial, Environmental: Legal & Regulatory, Technology, Human Resources, Funding and Reputation. This
register is reviewed regularly by the Finance Sub Group. New or emerging risks are reported to the Management
Committee as part of the Service Director s Report which is presented at every Board meeting. In the event of
an urgent risk arising, the Service Director ￿.111 take appropriate action and report to the Chair as soon as
possible.
The principal risks facing the Toy Library relate to-.
a) maintaining organisational strength follom'ing a period of rapid growth,
b) maintaining its position and reputation as a catalyst for P05ltive change,
c) ensuring that trustees. staff. and volunteer5 are equipped with the skills and tools needed to be effective in an
increasingly complex and changeable environment.
Objectives and activities
Objecls and aim5
The objects for which the Company is fonned shall be to advance the education and development of children by
the provision of childcare and play related services and equipment and educating parents as to the importance of
play.
Also supporting good health outcomes. delivering parenting education and providing social activities designed
to support healthy child development and family wellbeing.
Our aims and objectives were developed in ￿spOnSe to the severe social and economic disadvantage present in
the community of Bulwell from which we grew and continue to both serve and represent. The area is widely
regarded as one of the most disadvantaged communiiies in Nottin£ham. The Indices of Deprivatioi) 2019 show
that 10 of the I I Super Output Areas (SOA'S) are in the worst IOO/o naiionally for Multiple Deprivation: Income
deprivation, Education and Skill deprivation (for which two SOA'S are in the worst l 00 nationally), and Income
deprivation affecting children. Our focus on children and families arose because we were founded by parents
who knew how hard it is to bring up children in challenglng CircumsL￿ceS and sought to provide support and
help. Bulwell continues to be an area where children find it a struggle to achieve educationally M￿)Y begin
school already considerably behind their peers in tem)s of their developmental outcomes.
Our activities, listed below.. concentrate on families and their children from birth to the age of 14 years. We
engage with children before the), begin school and then during. after school and holiday periods. Through this
we seek to complement and support the endeavours of local schools with whom we work in partnership.
Page i

The Toy Library Limited
Trustees, Report
Public benefit
The Toy Library Limited (previously named Bulwell Communily. Toy Library) has been operating for 45 years.
It ￿'aS established by local people H'ho knew how hard li Can be to raise childreii in difficult circuinstances.
Starting as a toy lending service. The Toy Library has developed as it draws on the experience and energy of
local parents who support it by volunteering as well as helping to run it as committee members. We are now one
of the main providers of family support and Play activities in Nottingham. Our Th'ork is available to all children
and families in this area and across Nottingham. The Toy Library is now well knO￿,n as playing a pivotal role in
addressing both broader social detenninants of health (promoting equity. education, and community cohesion)
and more focused social detenninants of health that affect children's development, helping every child to thrive.
The trustees confirn) that they have complied with the requirements of section 17 of the Charities Act 201 I to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Objeclives, slralegies and activilie5
Our purpose
We believe that every Child benefits from belonging io a family and every family benefits from belonging to a
community. Our purpose is io work alontsside and support children. families and communities to develop, grow
and thrive together through parental siipport and therapeutic pla), based activities.
Slrategies
Our aim is to improve the life chances and opportunities available to children in Bulwell and in doing so
directly further our legal purpose;
Our long temi aim is that the children of Bulwell will no longer be disadvantaged by low aspirations and poor
opportunities to succeed in the fieldls of their choice:
Our shorvmedium tern) strate.(YV is to extend our reach to enable more children and fajnilies in Bulwell to
benefit from our services. creaie new jobs. provide trainints
volunteering opportunities, employability
programmes. infomi Commissioning and encourage behaviour Change.
Our strategic objectives are to:
Provide opportunities for children to learn and develop and thrive-
Deliver parenting education designed io support healthy child development and family wellbeing.:
Encourage parents and other adults lo appreciate the benefits of play in healthy child development:
Deliver and co-produce services w'ith families and public sector partners that are person and child centred and
are culturally competent;
Promote creativity and raise aspirations in Bulwell-
Bring people together for mutual learning and support.
Provide services to other organisations that enhance their work.
Promote the benefits of outdoor and natural play-
Support the local community with the confidence and skills needed to get back into Work following the early
care of their children.
Page 4

The Toy Library Limited
Trustees, Report
In pursuing these objectives we operate with the following values and practice5-
COMMUNITY
INTEGRITY
Co-produce service design and delivery with local
people and partners
Valuing the building of relationships
Never giving up on anyone
Demonstrating trustw'orthiness
Being open & accessible
A non-judgemental. respectful approach
ENTERPRISE
CONFIDENCEIEXPER TISE
Pioneering new ways to succeed
Entrepreneurial
A peer led approach
High aspirations
Being courageous
Activities
Pre-school Children:
Small Steps Big Changes - This was a significant local universal programme. funded by The National Lottery
from 2015 to 2025. Our Family Mentor Service was developed to improve child development outcomes (speech
and communication, social and emotional development and nutrition) for children in four wards of the city by
intensive, universal services for families with children from conception to age four. We gained a contract to
deliver a Family Mentor Service in Bulwell. This entailed intensive home visiting 5UPPOrt and operating ten
group sessions per week. This required the employment of 16 employees and is the m05t financially significant
service, however the scale of this and its universal reach allow5 US the greatest opportunity to ￿rther our
objectives. Our Family Mentors have averaged 250 visits per month for the last year, working with a case load
of 330 babies per quarter.
Recognition of the Impa￿ of the Famil). Mentor service has resulted in further funding opportunity to deliver a
minimum of 2 years targeted Famil). Mentor service in oiher wards of the city. This work ￿..1]1 be funded by the
Health Inequalities fund via our intetrraied care board which will roll out across the city from March 2025.
Group sessions for parents ￿'ith pre-school children. This also includes woodland groups. We successfully
opened our Room to Play in 2022. This is a pilot shop front in Bulwell which we leased to deliver services from
that overcome one of the most significant challenges facing health and public sector servlces: that of engaging
families who don't know about or are susplcious based on their experiences of statutory services. We have been
recognised and appreciated for engaging with the hardest to reach families who can be suspicious of statutory of
public health services.
A Mobile Crèche Service. This was a successful trading activity which provided creches to enable parents with
young children to access training, conferences and other events. Whilst this was very popular and successful,
with income gained from this activitv going toward sustaining our charitable services where grant income had
decreased, the Covid pandemic meant we had to cease deliverv, so we are in the process of rebuilding this.
Page 5

The Toy Library Limited
Trustees, Report
Sehool-age Children:
Our Next Steps projecL funded from September 2018 to September 2024 b), The National Lottery, Reaching
Communities Fund. aimed at supporting children aged 9-14 )'ears during a period of multiple transitions. 813
sessions have been delivered in the last year with over 17.000 attendances. Further funding bids have been
submitted to continue this targeted provision.
We have also worked in a local school over the academic year of 231?4 delivering a project aimed at young
people who are at risk of exclusion. This has been funded by the NCC tNclude programme which came to an
end in July 24.
Our Area Based Grants programme was affected by funding cuts and ceased in March 2024. We were able to
extend funding for this delivery with a local Partner lill July 2024 and have submitted further funding bids to
continue this universal provlsion
We are also now the main provider of therapeutic Play activities and are funded by Holiday Activities Fund to
deliver play sessions that include a healthy snack in 9 areas of the city. In addition to the food provided in the
session and in partnership with our local supern]arkeL we also give each child a healthy recipe card and an
ingredients pack so they can cook their family a healthy meal in the evening.
Woodland activities. A medium sized woodland near our base provides an ideal venue for forest school and
other types of play activities for children of all ages. We utilise this for a wide range of provision, both for local
children and as a venue to offer services to schools and childcare providers. In addition. we also organised a
number of events and light Sho￿.5 through the woodlands and invited families to visit independently with their
children.
Free community events:
Due to the cost of living crisis, The Toy Library has committed to offeriTJg community events over the major
school holidays. We often do ihis in partnership with the Local Authority, Bulwell OTJe Vision Partnership, a
local golf course, community arts organisations. and oiher wellbeing and financial resilience organisations and
agencies in the city. Events this year have been Naiional Play Day celebrations and Bulwell Arts Festival. a
Halloween spectacle and Chrisimas lights trail through the wo(Kls.
Training:
The Toy Library is the main deliverer of safeguardlng training to Nottingham s voluntary sector. We also
deliver Play training to like-minded organisations and schools.
Volunteering and Employability:
We employ a Volunteer and Employability Manager who runs a employment hub at the local joint service
centre. runs quarterly Equipped to Succeed sessions, supports the local Food Bank by recruiting and supporting
volunteers, supporting volunteers w'ho are interested in working with children in our out of school and pre
school sessions. We are also partnering with Forest in the Community to roll out Multiply (rnaths and basic
numeracy skills for anyone aged 19+). Volunteer hours have built up to an average of 112.5 hours a month.
The activities listed above align directly with our strategic objectives and contribute consistently to our
Charitable Objects. This year they also reflect significant progre55 against our 5hortlvnedium tenn strategy in
that our delivery of the Family Mentor Service for the Small Steps Big Changes programme has extended our
reach. We are now able to offer intensive support to all familie5 M"'ith children aged 0-4 year5.

The Toy Library Limited
Trustees, Report
Perfonnance
In order to measure and monitor our performance towards achieving our objectives we cary out the following:
Activity:
Record number of group sessions run under all categories of service.
Record number of individual children and adulis attending group sessions.
Record the number of attendances at group sessions.
Record activities delivered ai group sessions.
Record all home visits undertak.en.
Impact:
We produce regular case studies to track the qualitative changes that take place in the lives of the children and
families with whom we work.
We are developing a consistent process by which to measure the social impact that our activities lead to and to
demonstrate the difference our work is mak.ing.
We will work with external evaluators to measure the social return on investments of our Early Intervention
programmes.
Volunteers:
We recruit, train and support volunteers to enhance the delivery capacity of our workforce where appropriate
and in order to improve the volunteers access to training and employmenL
Plans for future periods
Aims and objective5forfulureperiod5
Our plans are summarised below..
Having grown in size, reach and capacity in the last 10 years. we now face an uncertain future due to the
effects of the pandemic and c05t of living crisis. We continue to work to consolidate OUT Position and ensure that
we remain effective and eificient in providing our services and activitie5.
The Trustees examine and a55ess the progre55 and growth made recently with regard to our relationship with
the local cotnmunity and the concept of "optimum size., This is based on their awareness of the benefits of
being small-scale and accessible as set against the benefits of operating as a larger organisation. Their aim is to
strike a balance in order to maximise our capacity and impact without threatening our relationship and trust with
local people.
We will continue to provide sector leadership in the fields of play work and family services. Particularly in the
light of current and expected further reductions in local authority services. as Nottingham City Councils funding
to the voluntary sector has no￿. ceased. Now ihat local authority play services have ceased, we are now
recognised as the main organisation with skills and ability to deliver this essential work.
We plan to continue RIK)m to Play beyond the funding we have been allocated.
We plan to pursue other funding 5tream5 to continue our luniver5all Family mentor and out of school
provision in 25126.
We plan to piirsue other funding streams that enable us to reconnect with schools followiT]g our successful
funding to support young people struggling to return to school after lOCk._do￿fft.
We plan to stren￿hen our links with Nollingham Treni University by re-esiablishing our transitional work and
summer schools as well as be involved in the Cradle to Career partnership.
Page 7

The Toy Library Limited
Trustees, Report
Financial review
As was reported last year, the Small Steps Big Changes (SSBC) Family Mentor contract which runs through to
March 2025, has stabilised our finances such thal at the year-end our general unrestricted reserves were
£148,976, this after a transfer of £4,065 to our redundancy reserve to reflect an increase in salaries during the
year. The balance in the reserve al the end of the year was £J6,992 representing the non- SSBC statT redundancy
liability at March '24.
Also this year there was a carried over restricted fund for redundancy costs folloil ing the completion of the
SSBC project. The transfer of £55,000 to this fund is a stipulation of the funder. that £55,000 is to be held in
reserves for possible redundancies of staff whose contracts will come to an end when the funding stream ceases,
this will be Ca￿led forward to 3 1st March 25.
Policy on reserves
We aim to build up reserves in order to be prepared for unforeseen circumstances. We aim to hold three months
running costs in reserves which we feel is an appropriate level. At the year end. the reserves were approximately
2.4 months (2023: 1.8 months).
At the end of the financial year, total net assets 01£419,295 (2023- £360,228) were held including a designated
redundancy reserve of £36,992 (2023- £32,927). A balance of £233.327 (2023- £222,755) is held in Restricted
Funds.

The Toy Llbrary Limited
Trustees, Report
Statemeiit ol Re5pon$ibilities
The trnslees (wlio are also Ilie directors of The Toy Library LimÉted for die puiposes of Clmiipany law) are
respoiisible for preparing the tivstecs, Irpoi* and tlie financial statenienls in accordance willi applicable law aiid
United Kingdom Accoiinting Standards (Unikd Kingdom Generally Aceepted Accounling PJ'a¢tico), illcIiiding
FRS 102 "The Financial Reporti1￿ Slalldard applicable in the UK Y4nd Republic of treland" The report and
accounts Ilave been prepared in accordance with the provisions in tlie Conipanies Act 21K)6 IElaling to small
companies.
Coinpany law require5 tlie Irusiees to prepare financial slatements for eacl) financial year. Under company law
the Iruslees must not approve the fInancial statements unless tliey are satisfied that tliey give & Irue and fair view
of the siale of affairs of Ihe charitable company and of tbe incoming resources and application of resources,
including its income and expenditure, of the charitable coinpany foi. tl)at period, In prepai'ing thes¢ financial
statements, the tsygtees are required to..
select suitable accounting p)licies aJ)d apply them consistently.
observe the methods and principles in tlie Charities SORP.
make jud£enients and eslimaies that gre reasonable and P￿￿ent.
state wliether &pplicable accounting standards, coniprising FRS 102 have been follow¢d, subject lo any
matei'ial departures disclosed and explained tn the financial statements" and
prepare the financtal statements on the going concern basis unless it is inappropriate to piesume tbat the
cILaTilable company will ¢ontiLiue in busines5.
TTrLe Irusrees are responsible for keq)Ing proper accouniiNg records that can dibclthb¥ willi i"easoi)ablc accui.acy al
any time the financial position of die chaiitable company and enable rliem to ensure tliat tbe fillancial statements
comply with the Companies Act 2006. TLiey air also responsible for safeguarding the assets of the charitable
ornpany and hence for taking rcasoiiable steps for tlie prevention and detection of fraud and other irregularities.
The trustees are i'esponsible for the maiiilenance and integrity of the corporate and financial infomiation
included on the charitable con?panYs website. I£gislation governing the preparation and disseniination of
financial statemenls may differ fi'oln legislation iti other jurisdictioThs.
Small ¢omp2nlos provlsion statement
This r¢port has beeLI pi'epared in accordance wilh the Sn￿11 coinpanics Icginic under ihe Conipanies Act 2006.
Tlie annual report was appinved by the ln￿te¢S of the charity on 26 November 2024 and signed on its behalf by:
oi-ka
illei'.Magnusdottir
Ti'u
Page 9

The Toy Library Limited
Independent Examiner's Report to the trustees of The Toy Library Limited ('the
Compall) )
Independent examiner'5 report to the trustee5 of The Toy Library Limited ('the Company,)
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March
2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself that the accounts of the Company a￿ not required to be audited under Part 16 of the
2006 Act and are eligible for independent eiamination. I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Chariiies Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5}(b) of the
2011 Act.
Independent examiner's stalement
Since the Company'5 gr055 income exceeded £?50.000 YOUT exatniner must be a metnber of a body listed in
section 145 of the 201 l Aci. I confim] thai l am qualified to undertake the examiiiation because l am a member
and Fellow of the Association of Charity Independent E.xaminers. ￿'hICh is one of the listed bodies.
I have completed my examination. l confirn) that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
accounting record5 were not kept in respect of the Company a5 required by section 386 of the 2006 Act. or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the accounting requirements of section )96 of the 2006 Act other than any
requirement that the accounts give a 'true and faif view which is not a matter considered as part of an
independent examination- or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attentioii
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
BriLn MSL, FAIA, FCCA. FCIE. employee of Community Accounting Plus
Fellow of the Association of Charity Independent Examiners
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
Date..
0911212024
Page 10

The Toy Library Limited
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Total
2024
Total
2023
Unrestricted
Reslricted
Nole
Ineome and Endowments from:
Donations and legacies
Charitable activities
Investment income
639
44,805
869,118
882,250
908,023
2.346
2.346
Total Income
28,758
882,950
911,008
913,925
Expenditure on:
Charitable activities
19,7)7
(871,678)
(851.941)
{812,074)
Total Expenditure
(871.678)
{851,941)
(812,074)
Net income
48,495
10,572
59,067
101,851
Net movement in funds
48.495
10,572
59.067
101,851
Reconciliation of funds
Total funds brought fon¥ard
l i7,47J
?2? 755
)60,228
258,J77
Total funds carried forward
18
185,968
2JJ,327
419,?95
J60,228
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdowm for the period is shown in note 18.
The notes on pages 15 to 24 forni an integral part of these financial statements.
Pagell

The Toy Library Limited
Statement of Financial Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
These are the figures for the previous accounting period and are ineluded for comparative purposes
Unrestricted
Reslrieled
Total
funds
fund5
2023
Notc
Income and Endowments from:
Donations and legacies
Charitable activilies
Investment income
44,805
44,805
869,118
839,984
Total income
73,941
839,984
913,925
Expenditure on:
Charitable activities
(18,74J)
(793,331 }
(812,074)
Total expenditure
(18,74))
(793,331)
{812,074
Net income
Transfers between funds
55,198
46,653
(2,306)
101,851
Net movement in funds
57,504
44,347
101,851
Reconcilialion of funds
Total funds brought fO￿ard
79.969
178,408
258,377
Total funds carried fon¥ard
18
137,47)
229,755
360,228
The notes on pages 15 to 24 forni an integral part of these financial statements.
Page 12

The Toy Library Limlted
(Registi'ation llumber- 05687000)
Balance Sheet as at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
13,818
15,023
Curren¢ assets
Dcbtors
Cash at b2nk ftnd in hand
io
13,097
436,371
16,224
358,119
449.468
374.343
Ci'editol's: Amounts falling due within one year
Net current assets
12
43,991
{29,138
405,477
34S,205
Net assets
419,295
360,228
Fullds of the cbarity:
Restricted income funds
Restt'icted fviids
18
233.327
222,755
Unrestricted income funds
UtJi'¢bLI'ic(ed luiids
185,968
137,473
Total funds
18
419,295
360,228
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit undei. section 477
of Ihc coillpani￿ Act 2006 rclating to small companic5.
Dii'ectors, r￿ponsIbIlIties.
The menibers have not required tbe charity to obtain an audit of its accoullts for the year in queslioij in
aecordance witli section 476. and
The dircctors acknowledge their twonsibilities for complying with the requirements of the Act with respect
to aeLounting records and the ptrparntion of accounls.
These flnancial statements have been prepared in accordance with die special provisions relating to companies
subject to tbe small companies regiine withln Part 15 of die Companies Act 2006.
The finaiicial stalem
Noveniber 2024
Is on pages I I to 24 were approved by the trustees, and autliorised for issue on 26
d on tbeii. behalf by:
Giabain
Trustcc
The notes on pages 15 to 24 fomi an integral part of Ihese financial sta¢einents.
Page 13

The Toy Library Limited
Statement of Cash Flows for the Year Ended 31 March 2024
2024
2023
Note
Cash floivs from operating activitie5
Net cash income
59,067
101,851
Adjustments to cash flow's from non-cash items
Depreciation
Investment income
1.205
(2,346)
2,648
(2)
104,497
57,926
Working capital adjustments
Decrease in debtors
Increase in creditors
10
12
7,947
965
14,85)
Net cash flows from operating activities
75,906
I l J,409
Cash flows from investing actii'ities
Interest receivable and similar income
Purchase of tangible fLKed assets
2,346
(1,7fv1)
Net cash flows from investing activities
2,346
(1,762)
Net increase in cash and cash equivalents
78,252
111,647
Cash and cash equivalents at l April
J58,119
246,472
Cash and cash equivalents at J l March
436,371
358,119
Reeoneiliation of net cash flow to movemellt in net (unds
Increase in cash
78,252
111,647
Net funds at l April 2023
358,119
246,472
Net funds at 31 March 2024
436,371
358,119
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 15 to 24 forni an integral part of these financial statements.
Page 14

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
l Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial Statements are set out below.
These policie5 have been consistently applied to all the years presente(L unle55 Othenvi5e stated.
Slatement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I O?)) (issued in October 2019)
(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK aTJd Republic of Ireland
(FRS 102) and the Companies Act 2006.
Basis of preparalion
The Toy Library Limited meets the definilion of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaciion value unless othenvise stated in the relevant accoLmting
policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to
continue as a going concern. The trustees make this assessment in respect of a period of one year from the date
of approval of the financial statements.
Income and endowments
Voluntary income including donations. gift5. legacies and grants that Provide core funding or are of a general
nature is recognised when the charity has entitlement to the income. it is probable that the income will be
received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations are recognised when the charity has been notified in HTiting of both the aTnount and settlement date.
In the event that a donation is subject to conditions that require a level of perforniance by the charity before the
charity is entitled to the funds, the income is defeTred and not recognised until either those conditions are fully
met, or the fulfilment of those condition5 15 wholly within the control of the charity and it IS Probable that these
conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance condition5 are attached to the grant and are yet to be met, the income is
recognised a5 a liability and included on the balance sheet a5 defe￿ed income to be released.
Page 15

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Expendilure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregale similar costs to that calegory. Where costs cannot be directly attributed to
particular headings they have been allocated on a basls consislent with the use of resources, with central staff
costs allocated on the basis of time spent. and deprecialion charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Charilable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneflciaries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the
charity is potentially exempt from taxation in respect of income or capital gains received within categories
covered by Chapter J Part I l of the Corporation Tax Act 2010 or Section ?56 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed a55ets
Individual fixed assets costing £500.00 or more are initially recorded at C05t.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost OT valuation, le55 any estimated
residual value. over their expected useful economic life as follows-
Asset class
Depreciation melhod and rate
3).J /0 on a straight line basis
20.00/0 on a Straight line basis
20.00/0 on a Straight line basis
10.OO/o on a Straight line basis
IT equipment
General equipment
Motor vehicles
Building improvements
Trade debtors
Trade debtors are amounts due from Custome￿ for merchandise sold or services perfonned in the ordinary
course of business.
Trade debtors are recognised initially at the transaciion price. They are subsequently measured at amortised cost
using the effective interest metho(L less provision for impainnent. A proi'ision for the impainnent of trade
debtors is estsblished when there is objective evidence thal the charity will not be able to collect all amoLmts due
according to the original tenns of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Page 16

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Trade credilors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounls payable are classified as current liabilities if the charity does not have an
unconditional right. at the end of the reporting period. to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost
using the effective interest method.
Fund strueture
Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of
the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trllstees.
Restricted income funds are those grants lor use in a particular area or for specific purpose5, the use of which is
restricted to that area or purpose.
Pensions and other post retiretnent obligatlOn5
The charity operates a defined coniribution pension scheme for employees. The assets of the scheme are held
separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the
contributions payable by the charity during the year.
2 Income from donations and legacies
Unrestricted
(unds
General
Tot21
2024
Total
2023
Donations and legacies:
Donations from individuals
Grants, including capital grants;
Grants from companie5
639
639
847
43,958
44,805
3 Income from charitable activities
Unrestricted
funds
General
Restricted
funds
Total
2024
Total
2023
Grants & donations
Sales & fees
882,250
88? 250
839,984
29,134
88?,250
908,02J
869,118
Page17

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Investment income
Unrestricted
runds
General
Totsl
2024
Total
2023
Interest receivable and similar income-
Interest receivable on bank deposits
2,346
5 Expenditure on charitable activities
Unrestricted
funds
General
Restricted
funds
Tolal
2024
Total
2023
Cleaning
Depreciation
Equipment, repairs & renewals
Events & activities
Governance
Hospitality & ￿freShm¢llts
Insurance
Legal & professional
Overhead recharges
Payroll service
Premises maintenance
Recruitment
Room hire
Staff clothing
Staff expenses
Staff training
Stationery & o￿lCe costs
Telephone, postage & internet
Volunteer expenses
Wages, Nl & pension
Van costs
,583
1,574
3,157
1,205
1,416
29,453
80
437
6,377
11,269
2,270
2,648
5,705
35,276
3,120
1,314
4,871
45.280
779
28,555
898
80
219
6.377
i.566
(125,864}
904
2.207
218
125.864
904
660
2,656
16,538
58
3,081
1,602
7,505
22,118
11,177
595,244
2,794
9,997
79
21,070
21,070
659
659
545
2.066
4,701
17.660
80
1,525
1,368
14,240
6,069
1,415
679,872
57.506
982
622,J66
591
Utilities
Bank charges
4,096
156
7,566
11,662
156
(19,737)
871,678
851,941
812,074
Page18

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
6 Net incomingloutgoing resources
Net incoming resources for the year include:
2024
2023
Depreciation of fjxed assets
1,205
2,648
7 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff cosls during the year were:
Wages and salaries
Social security costs
Pension costs
617,3J9
539,085
27,670
25,960
679,872
595,244
The monthly average number of persons (including senior management team) employed by the charity during
the year was as follows..
2024
2023
Average number of employees
48
45
24 (202J - 24) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £27.670 (2023 - £25,960).
No employee received emoluments of more than £60.000 during the year.
The total employee benefits of the key management personnel of the charity were £49.540 (2023 - £36,737).
8 Fees payable to independent examiner
During the period, the fees payable (excluding VAD to the charitv's independent examiner Community
Accounting Plus are analysed as folloM'5-
2024
2023
Independent examination
Other financial services
1.745
497
1,575
Page 19

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Tangible fixed assets
Land and
buildings
General
equipment
Motor
'ehieles
IT
equipment
Building
improvements
Total
Cost
At l April 2023
10,000
3.995
4,062
54,134
At 31 March 2024
10,000
21.144
4.062
54,134
Depreciation
At l April 202J
Charge for the
year
21.144
636
39,111
799
406
1,205
At J l March 2024
21,144
1,042
40,316
Net book value
At 31 March 2024
10,000
798
i.020
13,818
At 31 March 2023
10,000
,597
Included within the net book value of land and buildings above is £10,000 (2023 - £10,000) in respect of
freehold land and buildings and £Nil (202J - £Nil) in respect of leaseholds.
10 Debtors
2024
2023
Trade debtors
Prepayments
6,110
6,987
7,974
8.250
13,097
16,224
11 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
289
436,082
170
357,949
436,371
358,119
Page 20

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Creditor5: amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals
24,165
7.732
2.094
10,000
13,219
7,029
1,890
7,000
43,991
29,138
13 Charity status
The charity is a company limited by guardnlee and consequently does not have share capital. Each of the
trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of
liquidation.
14 Premises
The Premises, which was originally a City Council Community Centre, was purchased by the Toy Library in
2006 for £10,000, however, there exists a covenant which restricts the sale of the property. If the property is
sold, leased or disP05ed of, the Toy Library will pay the City Council 90 % of the open market value. At present
the property is insured for £200,000.
The value of £ l 0,000 is included on the balance sheet but not depreciated.
15 Trustees remuneration and expenses
No trustees, nor any persons connected with them. have received any remuneration from the charity during the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
16 Taxation
The charity is a registered charity and is therefo￿ exempt from taxation.
17 Related party transactions
There were no related paty transactions in the year.
Page21

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Funds
Balance at
31 Mareh
2024
Balance at
April 2023
Incoming
resources
Resources
expended
Transfers
Unrestricted funds
Generol
Core Costs
104.546
28,758
(4.065)
148,976
Designoled
Redundancy Reserve
4,065
Total unrestricted funds
137,47J
28,758
185,968
Restricted funds
ABG (Castle Cavendish,
Groundworks & Bestwood
Partnership)
Barkevs Wood
Family Mentors programme
Play day5
Include
ABG (Area l)
29May1961
Next Steps {Big Lottery)
SSBC projects redundancy
fund
Room to play (SSBC)
153,760
(145,106)
(14,039)
(501,438)
(4,?12)
(5,008)
8,654
4,392
10,000
1,183
1,503
2,632
5,158
75,098
1,798
509,fv10
5,395
6,511
2,632
5,158
78,017
131,589
(134,508)
55,000
80,150
55,000
69,707
56,924
(67,J67}
Total restricted funds
222.755
88?.250
(871,678)
23J,327
Total funds
360,?28
911,008
(851.941)
419,295
The transfer from the unrestricted core cost fund to the desi£naled redundancy fimd was a decision made by the
board to increase this fund to reflect increasing staff numbers and salaries.
Page 22

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Balance at
31 March
2023
Balance at I
April 2022
Incoming
resources
Resourees
expended
Transfers
Unrestricted fund5
General
Core Costs
49.770
73.941
(16,155)
(J,0 l O)
104,546
Designated
Redundancy Reserve
Recruitment Reserve
27.611
2,588
5,316
32,927
(2.588)
(2.588)
5,316
32,927
Total unrestricted funds
79,969
(18.74J}
137,47)
Restricted
Barkevs Wood
Aboretum Playdays
Forest Families
Family Mentors programme
People in the lead
ABG (Area l)
29May1961
Next Steps (Big Lottery}
QMC Playdays
SSBC projects redundancy
fund
Room to play (SSBC)
1,581
4,500
8,556
19.250
(20,831 }
(4,500)
(8,556)
(439,2?2)
(40,J68}
(95,J38}
496.020
(128,779)
1,798
2,580
5,158
79.764
2,490
5,158
78,017
lJl.772
(13J,519)
(2,490)
55,000
71,473
55,000
80,150
57,1&1
(48,507)
Total restricted funds
178,408
839,984
(793.331)
(2,306)
222,755
Total funds
258.377
913.925
(812,074)
J60,228
Page 2)

The Toy Library Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
The specific purposes for which the funds are to be applied are as follows:
The Next Steps fund received money from the National Lottery Reaching Communities Fund and enabled us
to provide opportunities for children aged 9-1 J years in Bulwell as the>, go through a number of life transitions;
The Family Menloring fund recelved money from the Nottingham City Care Partnership with which it delivers
a family mentoring service in Bulwell.
The Barker's Wood fund received money this year from Nottinghamshire Community Foundation and NCVS
for the provision of woodland pla), and discovery in nature for children at weekends-
The ABG funding is the Area Based Grant received to deliver play sessions to children and families in the
Bulwell area, the Area I restricted fund was a continuing project from previous years and the further funding
received this year has been shown separately-
The 29 May 1961 Charity. funds are also for play projects continuing in the next financial year-
The SSBC projects redundancy fund is split from the Family Mentors & Room to Play funds to hold the
amount of £55,000 in a redundancy reserve, as Specified by the tunder, for the staff etnployed in these projects-
The Room to Play projecL received tnoney from Small Step5 Big Change5 which was used to fund an
extension to the Family Mentor Service by offering an accessible drop in venue for families of 04years in the
middle of Bulwell centre.
The Include project received funding from Nottingham City Council and was a project aimed at young people
at risk of exclusion from school. This funding will cease in July '24.
Last year:
The Forest Families fund received funding from Boois Charitable Trust and was to provide free weekend
family woodland play sessions, ty'pical activities would include nature exploration, den building and bush craft.
Forest families funding ceased in May '23.
The QMC play sessions funding from Terracycle was put towards play projects.
19 Analysis of net a55ets between fuDds
Unrestricted
2024
Tot21 funds
General
Designated
Restrieled
Tangible fjxed assets
Current assets
Current liabilities
13,818
179,149
(43,991)
13,818
449,468
(43,991)
36,992
233,327
Total net assets
148,976
233,327
419,295
Unrestricted
2023
Total funds
General
Designated
Reslrieled
Tangible fixed assets
Current assets
Current liabilities
118.661
(29,1 J8)
222,755
J74,34J
(29,1 J8)
Total net assets
104,546
229,755
360,228
Page 24