Company registration number: 05687000 Charity registration number: 1117739 THE TOY LIBRARY The Toy Library Limited (A company limi*d by guaraniee) Annual Report and Financial Staieinents for the Year Ended 31 March 2025 Coinmunity Accounting Plus Units l & 2 Norili West 41 Talbot Street Noltingliam NGI 5GL
The Toy Library Limited Contents Refeieiice aiid Adminislraiive Ddails Twslees, Report 2107 Independent Examinevs Report statnent of Financial Activities 910 10 Balance Slieel Statcmeiit of Cash Flows 12 Nolcs lo the Financial Statements 131022
The Toy Library Limited Refei'ence and AdminAStrative Details Ti'ustees Melkoi'ka Stiller-magniisdoltir, Chair Githam Masters, Tirasurer Elisabeih Wiggins Maric Wilkinson Martin Rinvolucri Catlierin¢ Flint Senior Manwg¢nient TeAm Celina Adallis. Service Director Cliai'ity Registration Number 1117739 Colnpany Registration Number 05687000 Reglstei'ed OffJ¢e Chris Fi1111 Cottages Squires Aveiiue Nottinghani NG6 8GG Independent Examlner Eva Stcven8. einployee of Communiry Accounling Plus Units l & 2 Noi'ih West 41 Talbot Sti'ecl NottInaM NGI 5GL Solieltors: CounterculNre Partnehip LLP Unit NH.204 E l Business Siudios 7 Whilechapel Road London EI IDU Bllnkei's HSBC Notlingliam Cluniber Sireel 26 Clutnbei. Street Nottingliain NGI 3GA P&ge I
The Toy Library Limited Trustees, Report The Itustees, who are directors for the purposes of ¢ompany law, present tlie annual Ycport togetlier with tlie financial statements of thc charitable Company for the yeai. ¢nded 31 March 2025. Trustees and officers I'he trustees and ofticeis scrving duiing the year MI sincc the year end were as follows.. Trustees.. Melkorka Siiller-magnusdottir, Cliair Graham MaSrs. Treasurer Elisabeih Wiggins Marie Wilklnson Martin Rillvolucrt Cailierine Flint (appointed 2 May 2024) Structure? governAiice And inanagemeiit Naliij'e ofgov£i'iiiiig dociiiiieiit 'I'he charity is a cornpany limited by guai'anlee and I'egislered charity. It is operated undei. the iules ol. its niemorallduni and articles of associalion dated 25 January 2006 and m05t recently anieiided on 26 Mah 2018. It has no shal'e capital and the liability of eacli n)embei' in (lie event of wiiiding-up is liniited to £1. Reci'iiiliiigijl aiid appoliifpiieiil nflriisiee.f Each t]'ustee is nominated and seconded befoi'e being elected by Inembcrs al the Annual Geiieral Mceting. Trustees also welcon)e coniribulions from individuals with a cofttinilmeni lo the ainis and vision of Ilie Toy Libraiy without taking on a formal ConnItment as 8 TNstee or Dii'ector. These "Mai)agemenl Cornmillee It)embers" take part in Board discussions but do noi have voiing righrs wlien decisions ail bein8 taken. Typically serving 1-2 years as Committee members. Il)is model lias given menibeiE of the local cotnniunity art opportunity lo learn liow ¢l)e organisaiion operates. express Ilieir views as to its development as well as a period diiring which tl)ey gain confidence and undei%landing of the role. This lias proved very effective as u long l¢i'm and cotnprehensive induclion pi'oeess. In addilion it is our policy lo piovide fortnal indLiclion to the i'ole of Ti'ustee and piDvide training following an assessment of both Ihe needs of individi)als and the Boai'd as a wliole. Newly appointed ti-uslees Mre invitcd to spend time with Ilie Service Directoi. and other senior staff in ol'der lo gain an undei'standing ot the day to day work of Ilie or8anisation. TNstees undergo a skills audit lo identify opportunities and gaps in th¢ organisalion. Orgoiiisrtlioiiaj slriicliire The Toy Library Limited has a Board of lip to ten Truslees elected from our membership or co-opted by thc Bool'd whei'e Ihere ar¢ vacancies between Annual General Meetings. The Board elecls a Chaiiperson, Treasur¢i' and Seci'clai'y from tlie eleclcd Tiuslees. A Financc and A15dit Sub-Gi'oup of the Board sets and scrutlliises fiiiancial pi'ocedui'es and meets regularly to ovcrsee 01)going fiiiances ]d reports lo the full Boai'd. The Boail i.s resporTrsible for oversi8ht and the strategic diitction ol. Ilie charity. It employs a Seiwice Du'ecloi. who is I'espoi)sible for operalional decisions, niana8enienl of all staff and ensurlng the etficiei)i and effective rui)nitLg of Ilie cliarity. • Triislees are provided with induction to Ihe organi.sation on appointnient training wheii a need is identified. Pay and remuneration of staff are set iJ] line with coniparable positions in siu]itar fields locally. Page 2
The Toy LAbr2ry Limited Trustees, Report Voliiiileer sllppoi't iiid d¢i*lopttieiil We iTciuit, ti'aift and support volunteers lo enhance tbe delivery capacity of our workforce wl)ere appi'opTiate and in ordei. to iniprove the volunteers, own personal development and access to training and employmeiit. MajDY i'i,¥k.s aiid ijiiligatioii The Bo&i'd of Trustees has established a risk management policy foi. wliich they have overall responsibility. with operational responsibilities delegated to senior siaff. They recognise the need to be aleit lo risks but are not averse to taking reasonable risk5 as part of the delivery of services, pariicularly in play ai)d otliei. activities cer)Ired around cl)ildren. Tlie Board expect all staff and volunteers to eonsidei. risks involved in any activity and cai'ry out risk assessinents prior lo delivery of services and activities. A risk register is maintained covering the following caiegories: Governance and Maiiagement, Operational, Financial, Environinenlal, Legal & Regulatory. Teelinology, Hutnan Resoui'ces, Funding and Rcpulalion. Tliis registei. is Livi¢wed rcgulai-ly by the Finance Sub Group. Ncw or eniei'ging iisks are reported to the Management Cornmittee as pai# of the Service Dircctor's Report which is pirscnled 81 every Board inceting. In thc cv¢nt or an urgeiit risk ai'isiiig, th¢ Servicc Di¥e¢tor will take appropriate action and report to the Chr¢il' as soon AS possible. The principal risks facing the Toy Library relate lo.. a) mainlainiiig organisatiollal slrengil) following a period of rapid growth, b) niainlAining ils position and repulation as a catalyst for posiiive eliange, ¢) ensuring thal trustees, staff, and volunteers al'e equipped with Llie skills and too15 needed to be effective in an increasingly complex and changeable enviiY)nmenL ObJ¢ctlves and #etivities Objecls niid aiiiis Tl)e objects for wlii¢h Ilie Company is formed sliall be to advance Ihe education aiid development of childi'en by tlie provision of child¢ar¢ and play I'elaled sérvices and equipinent and ¢du¢aiing parcnls as lo tlie iinporiance of play. Also supporling good lieallli outcomes, delivering parenling educ&lion and providing social activilies designed to suppoi'l healthy Child development and family wellbeing. Our aiins and objectives were developed in response to the severe so¢ial and economic disadvanlage present in the coii)Inunity of Bulwell froiii wliich we grew and ¢ontinue lo boih serve and represent. Tl)e ai'ea is widely regarded as one of tl)e niosl disadvai)taged coinniuiiilies iii Notlingliam. Tlie Indiccs of Deprivation 2019 sliow that l O of Ilie I I Super Output Ai'eas (SOA'S) are in the worst IOO/o nalionally for Multiple Deprivalion, Income depi'ivation, Educalioji and Skill depi'ivation (for whicli tsvo SOA'S are in Il)e worst 100 nationally), and Incon)e depi'ivalion affecting childreii. Our focus on cliildren and families arose because we were fouiided by parents wlio knew how hard il is to brin8 up cliildren in challenging cireuinstanccs and souglit lo provide support and help. Bulwell continues to be an area where children find it a strug8lc to achieve education&lly rnany beEin school already consideiably behind their peers in tem]s of their dcvelopniental outcoines. Our aclivLties, listed below. concentrate on families and Iheir thildren froni biith to tl)e age of 14 year6. We engage with childi'en before Iliey begiA scliool and then during, after school aiid holiday periods. Througli Iliis we seek to complement and support the endeavours of local schools with whom we work iii pArliiei'sliip. Page 3
Tlie Toy Library Limited Trustees, Report Objeclives, slrulegies uiid ucliviries Pre-scliool chlldren., Faiiiil Mentors- Faiiiily Mentoys is a project that Was commissioned by SSBC until 31103125. SSBC were funded by Tlie National Loltcry froni 2015 to 31102125. Our Family Mentor Service was developcd to impi'ove cliild developinenl outcoines {speecli aiid coiiiniunicalion, social and emotional developinent and nutrition) for cliildren up to 4 years iii Bulwell. Tliis service eniailed intensive l)oine visiling supporl. Family Menloi's has been oui. most financially siwiificanl seivice employing UP to 17 membeiE oc our staff. Will) SSBC fiinding coming lo an end oll 31st Marcli 2025. Family Mentors will be offered redundaiicy whicli will Irduce the number of Family Mentoi3 employed. From Apiil 2025, Family Mentors will be funded by Health Inequalitics Fund and will be extended lo a citywide inodel with a tsi'g¢t of l'eaching l 00 babies a yeai.. Room lo Pla R2P '. R2P is a retail unit off Bulwell High Street which we lease io deliver seivices Iliat 0vetroi¢ one of the most significant cllallenges facing health and public sector seivices.. that of engaging families who don't know about or are suspicious based on Iheir experiences of sla(utory services. We have been i'ecogiiised and appreciated for engaging with the mo.sl hardly reached families. We have secui'ed fvnding for R2P uiilil Sepleinber 2026. rou Woodlllnd LLS. A mediuin si2ed woodland near out b&se provides an ideal venuc for foi'est scliool and oihei. Iiatui'al play &ctivities foi. cl)ildren of all ages. Wc uiilise this for wide rniige of piovision, boili for local childreii and tl)eir fainilies. Oui. Twitsglc15 sessions are foi'est scliool based sessions Ihat al'e delivered in Ilie woods for families with childi'en aged O_4 yeais fiinded by SSBC Innovation Fund underspertd that could allow for continued activities beyond M&i'ch 2025. -mobile Ci'eclie Service: We have been re-building this trading activity Ihal provides crèclies lo enable p3rents with young children to access Irainino conferences and other events, willi income gained fi'oin this activity going toward sustaining our cliarilable setvices. Scliool-aged ehlldren aiid youn% people: NLxt Sie s.. This pi-ojecl, targeted at young people 88ed 9-14th birthday tliat was funded by The National Lottery (Rea¢liing Comniunili¢s) since September ?018. Canie lo an end in Scplcmbei. 2024. Playup: Tliis project is replaceinent for our Next Steps project and our Area Based funded projects IABG c¢ased iii March 2024). Playup is also nded by National LA)tteiy Reaching CoinrJ)unities and now fun(ts univet'sal pi'ovisioii for ¢hildren aged 5 10 their 1411) biiilid&y. Playup ndIng started iii January 2025 for 3 years until Jan 2028. 7 sessions al'e delivei'ed in Icnnlime across Bulwell at veiiues in Ilie comniunity wliere cliildreii and young people natui'ally gravitate toward. Work willi ovei. 14's.' Dlie lo the reduction in serviccs for over 14's in the area, we stniggle to find oppoi'lunities 10 signpost young people onto {tlial arc not a sports session). As a result. we are supporling ovei. 14's to bcconie jLinior voliinl¢ers. We pi'ovidc 2 sessions a wcek which Ilic over 14's can attend with a t.ocus on cominiinity projecls. Due to Il)ese sessions yoiing people bave A safe space lo mect with lii]stcd adults and discuss Ilie issiies that are affccling them in05t whilst giving somcihing back to tlieir Colrnllunity. 14AF.' We are funded by Area Based Leads acro&s Nollinglwn io deliver school holiday SSIOnS that irAclude & healthy snack and pi'oii)ote l)ealihy eating. In addition to the food provided, we also give each child a health recipe card and an iiigredients pack so they can cook tl)eir family a l)ealtliy meal in the evelliiig. Forest Fdinilies.. Tl)is is an exlcnsion lo our Twigglels sessions that eiiables paients witli older siblings (up lo 8 years) lo enjoy our woodlaiid sessions. Page 4
The Toy Library Limited Trustees, Report Free cominuni cvenls foi. families in Bulwell.. We delivei. at least 5 comniunity events a year in Biilwell during majoi school holidays. Events include.. National PlayDay celebrdtion in August. 2 faniily ti'ip to Skegness FarLtasy Island in August, Bulwell Bogs Boat racc as part of the Bulwell Arts Festival in July- Bulwell Duck Race in August; Wi)Ilei' Lighis Woodland trail in De¢embcr. Tl)ese ev¢tLts are delivei'ed in pai'tneis1)ip aiid suppoi-led by Nollingham City Council Parks and Open Spaces, The Mellots Group. One Vision Paitnei'ship and FKiends of Bulwell Bogs. We &re often 5UPPOrted by a local golf course who provide food at National Play Day. Traininw. Tlie Toy Library is Ilie main deliverer of safeguardiEig ti7ining lo Nottinghain's voluniary sector. We Iso deliver Play training to like-niinded organisations and schools. Piiblie beiiefil The activities listed above align directly with oui. strategic objectives and contribute to oui. Charitable Objects 8S we are pi'oviding frce activities for cl)ildreTh and young people and tlieii. families wliicli help cliildren Ilirive. Our parenting proBI'ainine delivei'ed by our Family Mentors, supports healthy cliild developiiient and wellbeing and encourages parenis and our pai'lrters to appreeiate the benefits of play in liealtliy child developmenl. Our community evenis liclp bring people togetl)¢r for mutual learning and support. The Toy Librai'y enjoys & repuialion citywide as playing a pivoial role in addressing both bioader social deiemiinants of liealth aTJd niore fuciised social detemiinanls of liealth tliat Could affeci cliilditn's healtliy dcvelopmenl. The trustees confii'm that they have complied wilh Ilie requirements of $eclion 17 of the Charities Act 2011 to liave due i'egard lo Ilie i)ublic benefit guidance publislied by the Charity Coininission for England and Wales. Achlevemeiits 2nd perforjnance As well a8 continued services and ac¢ivilies listed above, tlie Inain achievemenl up ¢0 March 2025 is se¢urin8 fijnding lo siistain oiii. aclivitics and seiwices beyond April 2025. We completed a resltucNre fmni Dec 24 10 Mai'Lh 25 whicl) enabled us 10 i'eiain tlie skills and expei'ience of our team and our ittveslinent in Ilieir LontinLied professional developinent. The Famlly Menlors who took voluntary redundancy, on the whole have managed to secure well paid jobs in oihcr sectors who appreciate their skills and professionalism. Plaiis for future periods Aiiiis aiid key objeclivesforfiiliii'e peyiods Our plans are suminarised below: ICB HIIF delivery- citywide deliveiy, parlnersliip witli HomcStart- 200 babies each ycar. Achieving targets of Play-up dclivery - lem)liine after scliool and Saturday sessions in Bulwell. Secui-ing mol'e siistainable methods of ensuiing Play delivery in Bulwell and across Nottingham; Continue lo dcliver HAF citywide; Strategic development - We have sccured ndIng to enoage PiloiLigh( to work witl) Tivslees on strategic decisions Ihat defines our direclioii beyond current hjnding. Seciire R2P as a pernianent offer to Bulwell families and beyoiid - currently pur5uiiig funding from SeptembeL 2026,. Rebranding woi'k with PiloiLiglii will l)elp u5 decide wheiher w¢ need lo reliiin the nainc Toy Libittiy or rebi'and lo a naine wliich better siiils our cun'enl aclivily {as we no loiiger loan toys). Page 5
The Toy Library Limited Trustees, Report FlnAllcial i'eview Tlie SiY]all Steps Big Clianges {SSBC) Family Mentor contracl ended in March 2025, altliough Ii'ansition funding has enabled Under 5's work to continue into 2025126. In addition Lottery and Childi'en in Need fLinding, to continue ovej. 5's ivoi'k. bas been awai-ded for thr¢¢ yeat3 and slabiliscd oiw finanees sucli that at the year-end oiir £enei'al unrestillcled reserves were £226,502. A Ii'ansfer of £2,114 to our redundancy reserve reflects an increase in salaries during Ih¢ year. Tlie balance in the resei've at Ilie end of (lie yeai. was £47,767 representing tlie redundancy liabilily al Marcli '25. Also, dui'ing tlie year I'eslrictcd fund of £55.000 vrds used for SSBC stsff reduiidancies wlien Ihe contract came to ali end on 31 sl Mai'cli 25. Policji oil i'ès'ei'ves We aitn lo l)old fl'ee reseives (1¢ not including Iliose unrestricted reserves sct aside for designated puiyoses) as contingency in Ilie eveni of a loss of grani income, in order io protecl Ilie future operation of tlie orgallisation rroin Ilie effects of such reductions ai)d lo be prepared foi. any unfoTcse¢n circumstances. In previous years tlie tNsteGs have set the level of reserves it aims to l)old as 3 montlis running ¢osts. Tliis level was i'eviewed in Jiine 2025 and Ilje trust¢cs now believe a lev¢1 of 6 month5 is mol'e piwdenl. diie lo the evei. inci'eas&ng di1¢Ity in securing neiv granls and the lime the application process takes lo s¢cui'e Ihem. Ai the Year-Id, the level of i'eserves was approximately 3.4 months (2024 2.1 months). Ai the end of the finati¢ial year. lotal net assets of £491,403 (2024: £419,295) were held including a designated redund&ncy reserve of £47.767 (2024.. £36,992). A balance of £217,134 (2024: £233,327) is held in Resli'i¢ied Funds. StAtenient of Responslbllltles Tlie Ii'uslees (who ale also the direclors of The Toy Library Limiied for the purposes of coiiipany law) are resportsible for preparing tl)e tt'uslccs, report and ille firnCIal slalettienis in accordance willi applicable law and Uiiiled l<ingdom Accounliiig Standals (United KiTIRdoin Generally Accepted Accounting Pi'actice), including FRS 102 "Tlic Financial Reporting Siandard applicable iii tlie UK and Republic of Iitland" Tlie rcport aiid accounts Iiave been pi'epared in accordance with Ilie provisions in Il)e Companies Act 2006 l'elatiiig lo siiiall conipanies. Compaiiy law requiTes Ihc Iruslees to prepare financial slateinents for each financial year. Under coinpany law the Iruslee.s miist not approve the financial slalemenls unless they are satisfied Ilial 11)ey give a tnLe 2nd fair vieiv of Ilie slate of affairs of Ilie chariiable coiiipany and of tlie incoming resoui'ces und applic81ion of resoiii'ccs, including its inconie and cxpenditure, of the churitable company for tliat period. In preparing Il)ese financial slatenienis, tlie trustees are reqiiiTed lo- select suitable accoiinting policies and 8pply them consislenily. observe 11)e melliods ai)d principles iji Ilie Charilies SORP. make judgemenls and cstimales that are reasonable and prudenl; stale whether applicable accounting standards, comprising FRS 102 liave bcen lollowcd, subject ID any material deE)arlures disclosed and explained in the financial stalemenls. and pi'eparc the financial statemcnls orn Ilje going concern basis iinless it is inappropriate to prtsiime Iliat tl)e cliarilable conipany will conlillue in business. Tlie liu%lees al'e responsible for keeping proper accounting iecords dial can disclose iviili reasonable accuracy at any tiine the fina]icial position of the elillrilable coinpany and enable Iliein lo ensure Ilial Ilie finaiici21 slateinents coniply with Ilie Coinpanies Acl 2006. Tl)cy are also rcsponsible for safeguardiiig Ilie assels of tlie chai'itable coinpany and hence for taking i'easonable sleps for the preveiilion and detcclion of fraud and otlier inEgulai'ilies. Page 6
The Toy Library Limited Trustees, Report The trustees are rcsponsiblc for the mainienance and integrity of the coiporate and financial infoi'malion ncliided on tlie ch'Itable eompany's website. Legislation govcrning the preparation and dissemination of fmancial statements inay differ fi'om legislation in oth¢r jurisdietions. Small companies pi'ovision statemenl This itport has been prepared in accordance with the small companies reginie wider the Companies Act 2006, Tlie annual report was approved by tiie trnstees of the eliarity oll 4 November 2025 and signed oli its behalf by: orka Trustee Iller-magnusdotlir Page 7
The Toy Library Limited Independeiit Examiner's Report to the trustees of The J'oy Library Limited ('the Company,) ljiilependenl eyamiuer's report to the trustees of Tlie Toy Library Limited {'the Company,) I report lo the chai'ity ISteeS on my examintition of the accounts of the company for the year ended 3 I March 2025. Responsibilities attd hasis of J'eport As the cl)drity',4 trustees of Ilie Coinpany (and also ils directs)rs for ihe purposes of company law) you are responsiblc foi. Ilie pr¢pai'ation of the accounls in accordance with tlie requircineiits of Il)e Conipanies Act 21)06 {'Ihe 2006 Act,). Having sat?sfied myself tlL2t Ilie accounts of the Company are not requtred to b¢ audited under Part 16 of tlie 2006 Act and are eligible for iiidcpendenl examination, I report in respect of iiiy examinatioii of youi. chai'ily's accounts as can'ied out under section 145 of the CliaTlti&s Acl 2011 ('Ihe 2011 Act.). In eai'iying out niy exaniinalion I have followed the Dlrections given by Ilie Charity conlISsi0[) under seclioii 145{5)(b) of the 2011 Act. Independent eyarniner's statement Since the Company's gros5 incoine exceeded £250,000 your exaininer n)Iist be a member of 8 body listed in section 145 of the 201 l Act. I confim) tlial l am qualified to undertake the exaininalion becaus¢ l am o Inember of Ilie Charlcred Iiislibjtc of Public Finance aiid Accountancy (CIPFA). which is one of Ilie listed bodies. have completed niy exaniinalion. I confirm Ihal no niiilleis liave conie lo niy ailention iii connection with tlie exaniination givin8 me cause lo believe ihui in any n)a*iial respect: accoiinling records were not kept in r¢5pect of Ilie Company as required by section 386 of the 2006 Act. or 2. the accounts do iiot accoid with those records. or 3. Ilie accounts do not comply willi the accouftting requirenjenis of section 396 of Ilie 2006 Act othei. tlian any i'equii'emenl Iliat the accourtis give a 'true and faiv view wliicli is not a lilall. considered as part of an independeni exaininalion. or 4. the accounts have not been preparcd in accordance with the niethods and pi'ineiples of tl)e Statement of Recoinmended Practice for accouiiling and reporting by charities lapplicable to charities pitparin8 iheii. accounis in accordance wilh the Financial Repoitting Siandard applicable in the UK and Republic of li-eland (FRS 102)]. I havc no coi)ccrns and havc come across no otlier inatters in coiineclion with tlie exaininaiion to wliicli allenlioli sliould be drawn irt tl)is report in oi'dcr lo enable 8 proper understanding of tl)¢ accounts to be reached. Eva Siev¢n Bsc, CPFA, employec of Coi)iinunity Accounting Plus nieinbei. of liic Cl)artered Institlile of Piiblic Finance and Accountancy (CIPFA) Units l & 2 Nortli Wesl 41 Talbol Street Nottingham NGI 5GL 1711112025 Page 8
The Toy Library Limited Statement of Financial Activities for the Year Ended 31 March 202S (Including Income and Kxpenditure Account and Statement of Total Reeognised Gains and Losses) Total 2025 Total 2024 UDrestricted Restricted Note Income aiid Endoivnienls from: Donations and legacie5 Cliai'itable activities Investinent in¢ome 22,242 49,065 17.503 22.242 800,457 17,503 639 908,023 2,346 751.392 Total Income 88,810 751,J92 840,202 911,008 Lypendlture OD: Chai'itable activities 45,614 (722.480) 768.094 (851,941 Total Expenditure Net incomc Ti'ansfers between funds (45.614 (722,480) (768,094) (851.941) 43.196 45,105 28.912 45.105 72.108 59,067 Nel niovement in funds 88.301 (16,193) 72,108 59,067 Reconclllation of funds Total funds brought forward Total Sjnds can'ied forward 185.968 233,327 419,295 360,228 18 274,269 217,134 491,403 419,295 All of tlie cliarity'5 activities derive from continuing operations during Ibe above two periods. The funds breakdown foi. the period is shown in note 18. The iiotes on pages 13 to 22 fonn an integral part of ihese financial slalements. Page 9
The Toy Libraiy Limited Statemeiit of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These Are the fjgures foi. the previous accounting period and are included for comparative purposes Unrestricted Restricted Total funds funds 2024 Note Ineoine aiid Endoivnienls froi)J: Donations and legacies Chai'itable a¢tivilie5 Investinent ineonie 639 25,773 2.346 639 908,023 2.346 882,250 Total in¢0C 28,758 882,250 911,008 EYpeIiditui-e on.. Cliai'ilable activities 19.737 871,678) (851,941 Total expeiidittlre 19,737 (871.678) (851,941) Net income 48.495 10.572 59,067 Nel movemenl in ndS 48,495 10,572 59,067 Reeonclllatlon of funds Total fvnds bi'ought forwai'd 137.473 222,755 360,228 Tolul funds carried forw&i'd 18 185,968 233,327 419,295 The notes on pages 13 10 22 forn) an integral part of ihesc financial slatemenls. Page 10
The Toy Library Limited Olegish"ation number: 05687000) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed as$ets Tangible assets 12,614 13,818 Cui'rent 2ssÈt$ Debioi's Cash at baThk and in hand io 15,723 494,038 509,761 13.097 436,371 449.468 Credltors: Amounts falling du¢ within one year 12 30,972 143,991 Net ¢urrent assets 478.789 405,477 Net R5sets 491,403 419,295 ri unds of tlie charity: Resti'icted In¢onie fund5 Resli'icted fjjnds 18 217,134 233,327 Unresti'icted income fulld5 Uniests'icted fiinds 274,269 185,968 Total funds 18 491,403 419,295 For the financial year ending 31 March 2025 the charity was ¢nti¢led to exemption from audit und¢i' s¢¢tioii 477 of the Companies Act 2006 relating to small companies. Directors, resportsibililies.. The members liave not required the charity to obtain an audit of its accounts for Ilie year in question in a¢¢ordancc will) section 476; and The directoys ackiiowledge theii. responsibilities for coniplying wilh thc requirenients of the Act with respect to accounting records and the pi'eparation of accounts. These finatlC1815talemenls have been prepared in accordance witli tlie special provisions i'elating to coinpanles subject to the small coinpanies i'egiine wiiliin Part 15 of the Companies Act 2006. The financial statements on pages 9 to 22 were approved by the trustees, and autliorised foi. issue on 4 Noveniber 2025 signed on theii. behalf by- Trusiee Tlie notes on pages 13 10 22 foi'in an integr81 part of these financial statcinenls. Pagell
The Toy Library Limited Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Nel casb income 72.108 59,067 Adjustments to Cash flows from non-cash items Deprecialion Investment income 1,204 (17,503 1,205 2,346 57,926 55,809 Woi'king capital adjustments (Increase)/de¢i'ease in debiois {D¢¢reasc)lincrease in Creditors 10 12 (2,626) 13,019) 3,127 14,853 Net cAsh flows fi'oin operating activities 40.164 75,906 Cash floiys from Investiiig activities Inter¢st i'¢¢eivable and siinilar inconic 17,503 2,346 Net increase in cash and cash equiv81ents Casli and cash equivalents at l April Casli and cash eqiiivalents at 31 March ReconclllAtlon of net eAsli floiv to moycment in net fund$ Inci'ease in casli 57,667 78,252 436,371 358,119 494.038 436,371 57,667 78,252 Net funds al l April 2024 436,371 358,119 Net funds al 31 March 2025 494,038 436,371 All of the cash flows al'e derived from coiilinuing operations during the above two periods. Tlie notes on paECS 13 10 22 fonn an integral part of Ih&8e financial stalemcnts. Page L2
The Toy Library Limited Notes to the Financiial Statements for the Year Ended 31 Mai'ch 2025 l A¢eounting policies Summary of sigiiifieant accountlng poll¢les And key A¢countillg estimates Tlic pi'incipal aceounling policies applied in tlic preparation of these financial statements are set our below. Tlicse policies liavc been consistently applied to all the yeais pi'esented. unless otheiwise staled. Statemeiit of compliance The fsnancial slatenients have been pi'epared in accordance with Accounling and Repoiting by Chaiiiies: Stateillent of Rccommendcd Pi'aclfjce (applicable to ¢harilies preparing Iheir accounts in accordance with the Financial Reporting Standard applicable ii) Ili¢ UK and Republic of li'eland (FRS 102)) (issued in Oclober 2019) {Cl)arities SORP (FRS 102)), tlie Financial Reporting Standai'd applicable in Ilie UK and Republic of Ireland (FRS 102) and Ilie Companies Act 2006. Basls of pi'ep2ratlon The Toy Library Limited meets the definition of a piiblic benefit entity under FRS 102. Assets and li8bilities are initially recognised at hislori¢al cost oi. transaction value unlcss otherwise stated in the relevant accounting policy notes. Golng concern The financial statements have been prepared on a going concern basis. The trustees assess whether ilie usc of going concern is appropriate i.e. whether there are any material uncertainties related lo events or conditions that inay ¢8St significant doubt on ilie ability of tlle cliarity to conlinue a.8 a going concern. The ti'usiees make this assessmcnt in respect of a period of one ye81. from the dule of approv81 of the fin8n¢ial Statllents. Income and cndoivments Voluntxiy incon)e including donations, gifts, legacies ond granls that provide core fijnding or are of a Beneral nature is i'ecognised when the charity has entitlement lo the income, it is probable that Ilie income will be received and the amouni can be measured witli sufficient reliability. Doiiatloijs ttiid legaci£& Donations are recognised when the charity has been nolifLed in writing of both tbe amount aiid settlement datc. In Ilie event that a donation is subject to conditions ihal require a level of perfoi'niance by the cliai'ity befoi'e Il)e charity is enlilled lo the funds, the income is deferi'ed and nol reco8nised until either tliose conditions are fvlly 11)cl, oi- Ilie fulfilii)¢nt of those Condilions is wholly within Ilie control of the cliai'ity and it is piobable that these conditions will be fulfilled in Ihe i'eporting period. Graiils i*ceivable Gi'ants are recognised when the cliarity has an entitlement lo the ndS and any conditions linked to the grants have been met. Where performance conditions are atlached to the grant and are yet to be met, the income is recognised as a Itability and iiicluded on the balance sheet as deferred income to be released. Page 13
The Toy Library Limited Notes to the Financial Statements for the Year Ended 31 March 2025 i ipenditure All cxpenditure is recognised once there is a legal or constNclive obligation to thai expendiluie. il is pi'obable settlement is required and the amount Can be measiiTed reliably. All costs are allocated to the applieable expenditure heading that aEgrcgale similar costs to that categoiy. Where costs cannot be directly allribiilcd to particular hcadings they have been allocatcd on a basis consistent with the usc of resources, with central staff costs allocated on the basis of lime spent, and depi'eciaiion chai'ges allocated on tl)e portion of th¢ osset'5 use. Othei. suppoit costs ait allocated based on the spread of slarrcos¢s. Clitsrituble ocliviliÉs Charitable expenditure compi'iscs those costs &ncurred by the charity in tJ?e delivuy of its activities and s¢i'viccs for its beneficiai-ies. li iiicludes both cosis that can b¢ auocated dii'ectly lo sucl) acliviti¢s and those costs of an indii'ecl natui'¢ necessary lo support Iliem. Ta.x#tion The cliarily is considered lo pass the tests sel out in Paragrapli I Schedule 6 of tlic Finance Act 2010 and Ihei'efore it nieets the definition of a chai'ilable coinpany for UK coiyoralion tax puiposes. Accordiiigly, Ilie cliai'ily is polenlially exempl from taxation in respect of incoTne or capital gains received wiihin Cagoi.1eS covered by Cllapler 3 Pai't I l of the Corporation Tax Act 2010 or Seclion 256 of Il)e Taxation of Cliargeable Gains A¢t 1992, to the extent dial such income or gains are applied exclusively to chatitablc puiposes. Tangible flxed assets Individual fixed assets costing £500.00 oi niore 8re initially recorded at cost. Depreclatlon Ind amortisatlon Depi'e¢iaiion is provided on tangible fixed assets so to write off 11)e cost or valuation, less any estimated residual value, over their expecied useful econornic life as follows: As8et class DepreeRation method and l'ate 33.30/0 on a slilliglit line basis 20.0 /0 on a sttaiglil line basis 20.0/0 on a Straight line basis 10.oyo on & straight line basis IT equipment Geiieral equipment Motor veliicles Building imprOventS Ti'Ade debtors Trade debtors are amounts due froni customers for merchandise sold or service5 perfornied the ordinary course of business. Trade debtors are wognised initially at Ilie transaction price. They are subsequently Ineasured at amortised cosi using the effective interest method, less provision for impairnieiiL A provision for tlie impairinent of trade debtors is cstablisl)¢d wlien Iljerc is obje¢tivc evideiice that ihe cliarily will not be able lo collect all nOun18 diie accoi'ding lo the original lerms of the receivables. Casli And casli equivalents Cash and casli equivalents compiise cash on hand and call deposits, and other shorl-term tiighly liquid investiiienls tt are readily convertible to a known amount of cash and are subject to an insignificant iisk of cbange in value. PAge 14
The Toy Library Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Trade ci'edltors Trade ¢reditors are obligatiolls to pay for goods or Services that have been acquired in the oi'dinary course of business fi'om supplicrs. Accoiints payable are classifi¢d as eun'ent liabilities if the eharity does not have an uncondition&l right, at the end of the repoiting perio( to defei. settlement of the ci'editoi. for at least twelve Imonihs after thc reporting dale. If tliere is an uncondilioiial right to defer settlement foi. at least twelve months aftw. the reporting date, they al'e pi'esented as non-cuttenl liabilities. Trade creditors g4re recognised initially at the Iransaclion price and subsequenily measured at amoitised cost using tlie effective interest method. Fund structure Uniesti'icled income fund.8 are general funds (hat are available for use at ihe Irus*¢s' discretion in furtherance of the objectives of Il)e charity- Designated funds 'C unreslricled funds set aside for specific purposes at the discretion of the tsijstees. Resiricled income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted lo that area or putyose. Penxlons and otliey post i'etiremeiit obllgations The charity opei'ales a defined contribution pension scheme for employees. The 8ssels of the scheme are held separately froni those of the charity. Peilsion costs ¢hai'ges in the Statemeiit of Financial Activities represent the ¢ontt'ibuiions payable by the charity during tlie yeai.. 2 Income from donAtions and legaeles Unrestrlcted funds General Total 2025 Total 2024 Donations and legacies., Donations from individuals Grants, including capital nts. Giiftls froni companies 372 372 639 21,870 21,870 22,242 22,242 639 3 Income from el)aritabl¢ activitie$ Unrestricted funds General Restricted funds Total 2025 Total 2024 Grants & donations SAles & fees 751.392 751,392 49,065 882,250 25,773 49.065 49,065 751.392 800.457 908,023 Page 15
The Toy Library Limited Notes to the Financial Statements for the Year Ended 31 March 2025 4 Investment ii)conie Unrestricted luiids General Total 2025 TotAI 2024 Interest i'eceivable and similar incomc,. Ii)teL'est L'eceivable on bank dcposits 17.503 17,503 2,346 5 Expellditure on tharilable actlvlties Unresti'icted fuiids Designgled General Restricted funds Total 2025 Total 2024 Cleaning Depttcialion Equipinenl, repairs & renewals Events & activitie$ Governance Hospitality & refi'eshmeiits Insurance Legal & professional Marketiiig & promotion Overhead recharges Payroll scrvice Pretnises main*nance Room hii'e Staff clothing Staff expenses Staff li'ainiiig Stationery & office costs Telephone, postage & intemet Volunteer expenses Wages, Nl & pension Vail costs Utilities Batd( charges ,582 1,204 171 1,413 2,995 1,204 171 16,859 40 166 5,892 3,935 5,500 3,157 1,205 1,416 29,453 80 16,648 40 102 5,892 1,107 5,500 (90.919) 437 6,377 11,269 2,828 90,919 1,211 32,035 4,870 904 35,738 21,070 659 3,938 3.591 6,069 31,900 1,415 679,872 1,573 11,662 156 1,710 30,325 4,870 161 3,672 8,096 12,115 87 51,136 993 4,900 199 3.036 813 1,137 16,986 1,446 545.485 995 5.515 3,197 4,485 9,233 29,101 1,533 633,065 1,988 10,415 199 36,444 36.444 9,170 722.480 768.094 851,941 Page 16
The Toy Library Limited Notes to tlie Financial Statements for the Year Ended 31 March 2025 6 Net Incomlngloutgoing I'esources Net incoming resoiirces for tlie year includ¢'. 2025 2024 DepTe¢ialion of red assets 1,204 1,205 7 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs Compensation payments 537,511 33,355 25,755 36,444 617,339 34,863 27,670 633,065 679,872 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows: 2025 2024 No Average number of employees 38 48 22 (2024 - 24) of the above employees particlted in the Defined Contribution Pension Schenies. Contributioiis lo die employee pension schetnes for the ycar tolalled £25,755 (2024 - £27,670). No cniployee 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 {2024 _ £49,540). 8 Fees PayAble to Independtnt exainln¢r Diiring the period, the fces payable (excluding VAT) lo tlie cliarity's independent examiner Comniunity Accounling Plus al'e analysed as follows: 2025 2024 Independent examination Oil)ei' financial services 1,815 2,687 1,745 497 Page 17
The Toy Library Limited Notes to the Financial Statements for the Year E4 nded 31 March 2025 9 Tankwible fixed assets L4nd and buildiiigs General equipment Motor vehicles IT Building equlpment Impt'ovements TotAI Cost At l Api'il 2024 10,OCM) 14.933 3,995 2L,144 4,062 54,134 Ai 31 Marcl12025 10,000 14,933 3.995 21.144 4,062 54,134 Depreciatfioii Ai l April 2024 Charge for the year 14,933 3.197 21,144 1,042 40,316 798 406 1,204 At 31 Marcli 2025 14.933 3,995 21.144 1,448 41,520 Net book v2lue At 3 l Marcli 2025 2,614 12,614 Ai 31 March 2024 10,0 798 3.020 13,818 Tncluded within the nel book value of land and buildings above is £10,000 (2024 £10,0(10) in respecl of freehold land and buildings and £Nil (2024 £Nil) in respect of Icaseliolds. 10 Debtoi's 2025 2024 'riade debtors Prepaynienls 6,631 9,092 6,110 6,987 15,723 13,097 11 Cash and cash equlvalents 2025 2024 Cash on hand Casli at bank 221 493,817 289 436,082 436,371 494,038 Page 18
The Toy Library Limited Notes to the Finaiicial Statements for the Year Ended 31 March 2025 12 Creditors: Amounts falling due w5thin one year 2025 2024 Trade creditoi's Otlier taxation and social security Oilier creditoi's Accruals 16,327 11,736 2,909 24,165 7,732 2.094 10,000 30.972 43,991 13 Charity st9Éus The chai'ity is a company limited by guarantee and consequently does noi have share capital. Eacli of the IrList¢¢s is liable to contribute an aniounl nol exceeding £1 towards the assels of the Charity in th¢ event of liquidation. 14 Premises The Pi'emises, which was originally a City Council Community Centre, was purchased by the Toy LIbrY in 2006 for £IO.000, however, there exists a covenant which restricts the sale of tlie propcity. Jf the property is sold, leased or disposed of, Ilie Toy Library will pay tlle City Coun¢il 9LV/o of Ilie opcn market value. At present the property is insured for £200,000. The value of £1 0,000 is included on the balance sheet but noi depreciad. 15 Trustees remuneratlon and expenses No ti'ustees, nor any pei'soiis connected with them, have received any remuneration frorn the ¢hai'ity duriiig tlie year. No trustees liave received any reimbursed expenses or any other ben¢fils from the chai'ity during the year. 16 Txatlon The charity is a r¢gi8tered charity and is tbcrefore exempt from corporation taxation. 17 Related party trans4ctions There were no i'elaled party transactions in the year. Page 19
The Toy Library Limited Notes to the Financial Statements for the Year Ended 31 March 2025 18 Funds BAlallce at 31 Mareh 2025 BAlanee at I Aprll 2024 Incoming re50ul.ces RourCeS expellded Ti'aiisfers Unrosti'icted funds Geiiei'rtl Col'e Costs 148.976 88,810 (9,170) (2,114) 226.502 Deslgiiated Redundancy Rese¢ 36,992 (36,444 47,219 47,767 'rotal unyestrleted funds 185,968 88.810 45,614 45,105 274,269 Restricted funds ABG (Castle Cav¢ndislJ. Groundwoi'ks & Beslwood Pai'lnership) Bllrkevs Wood Rooin lo Play reseive TL under 5s SSBC Ideas fvnd, Comms & Mai'keting Faniily Mentors progratnme Play days Include ABG (Area l) 29May1961 Next Steps (Big Lottery) Play Up (Lottery and Children in Need) SSBC projects redundancy fund Room to play (SSBC) 8,654 4,392 34,592 10,536 (43,246) (9,660) 5,268 45,635 50,000 45,635 50,000 3,000 524,153 300 ,628 20,165 3,000 58,725 l O,IXK) (445.323) (1,483) (3.131) {22,797) (5,158) (75,098) (30,105) 1,503 2.632 5.158 75,098 91,012 (36,506) 54,506 55.(KiO 69.707 (55,000) 55,635 66.006 (80,078 TotAI restricted funds 233.327 751,392 722,480 (45,105) 217,134 'rolal funds 419.295 840,202 768,094) 491,403 Tlie transfer lo the designated redundancy fd was a dcci5ion made by the board to increase this fund to reflect increasiiig staff numbers and salaries. Oilier tran.sfers between restricted funds was a re-allocation to bcltcr rcpi'escnl thc restriction by activity and the transfer out of the SSBC projects redundancy fund was to close this fund as the proj¢¢ls l)ad ¢omc to conipletion. Page 20
The Toy LAbrary Limited Notes to the FinanciAI Statements foi" the Year Ended 31 March 2025 Balaiiee at 31 Mai'ch 2024 Balance at I April 2023 llleoming resources Resources expeiided Transfers Unyestrlcted funds Geiierul Core Costs [04,546 28,758 19.737 (4,065) 148,976 De,sigiiated R¢dundancy Reserve 32,927 4,06S 36,992 Total uiirestrieted funds 137.473 28.758 19,737 185,968 Restricted ABG (Castle Cavcndish, Groiindworks & Beslwood PArtnership) Barkevs Wood Family Mentors programme Play days Include ABG (Area l) 29May1961 Next Steps (Big Lottery) SSBC projects iEdundancy nd Room lo play (SSBC) 153.760 18.431 509,640 5,395 6,511 (145,106) (14,039) (501,438) (4,212) {5.008) 8,654 4,392 10.000 1,183 1,503 2,632 5,158 75,098 1,798 2,632 5,158 78,017 131,589 (134,508) 55,000 80,150 55,000 69,707 56,924 (67,367 Total restricted lunds 222,755 882,250 871.678 233,327 Tot41 futtds 360,228 911,008 {851,941) 419,295 The specific puiposes for which tlie funds are to be applied are as follows: The ABG funding is the Area Based Grant received to deliver play sessions lo children and fainilies in tlie Bulwell arca, Ilie Area I reslricled fund was a conlinuing project from previous years and the furiliei. funding received last year was separated out into a 2nd fund- 4 The Barker's Wood fimd received money this year from Nollingl)amshire Comniunity Foundation and NCVS for the provision of woodland play aT)d discovery in nattire for children at weekends- Tlie RooiD lo Play project, received money. initially from Small Steps Big Cliatiges, which wag used to fijnd an extension lo the Fainily Mentor Service by offthing an accessible drop in venue foi. fainilies of 0-4yeai's in tlie niiddle of Bulwell eenti'e. The Room lo Play a¢tivity contiiiues under the restricled nd nanied Room to Play resei've lo ensure t]iis activity is sustaiiiable through until August 2026 10 cover rent, tunning costs and salaries. TL undei. S's project are funds secured for under 5's activity across Ilie Bulwell Community. SSBC Ideas fund, Comims & Markcling.. these fim(ts were used lo produce a piDmotion&l video of woodland work and development of the new website- Tlie Fainily Mentoiing fund received Inoney from the Nottingham City Care Parinership willi wliicli it delivers a faLnily mentoring service in Bulwell. Page21
The Toy Library Limited Notes to the Finaiici21 Statements for the Year Ended 31 March 2025 Play days is a national event held annually on the first Wedncsday in August. Our local celebration tak¢s placc it) Bulwell Hall Park and is op¢n io the wholc community. free of charge. The event teatutes a wide range of paitner oi'ganisations and offers inclusive play opportunities foi. ¢hildrcn and fnIlIeS. Fundittg foi. this event is sed to covei. costs sucb as mobile toilel facilities. boullcy castle hire, and other play activities. The Include project received thnding fiDni Nottingham City Council and was a project aimed al young people at risk of exclusion fioni scliool. Tliis funding ceased in July '24- . Tlie 29 May 1961 Charity ndS were used for play projects in Ilie ye8r, The Next Steps fi]nd received money from the National Lottery Reaching Communities Fund, to August '24 alld enabled us to provide opportunities for children aged 9-13 years in Bulwell as they go t1)rOu a nuinber of life transitions. The Play Up project was fundcd by the LKJttery and BBC Children Need, it lielped deliver a programme or free play sessions for 5-13 year olds. The sessions off¢r a huge range of natural. active and ci'eative play activities. Thc team especially values young people's ideas and suggestions to enhancc these sessions. Tb¢ sessions are frec for childi'en to attend and ai'¢ open to all children from school year I, in the age range, livitjg in Ilie area local to that sessioii. The SSBC projects redundancy fund is split froii) the Family Mentors & Rooni to Play fijnds to hold the ainount of £55,000 in 8 redundat)ey resee, as specified by the funder. for the staff employed in these pi'ojecls. as Ilie projects have ended (lie thnd is not rcquired and Ihe remaining funds are tranSfe¢d ou¢ to ¢over the costs. 19 AnAlysls of net asset$ betiveen funds Unreslrlcted 2025 Total funds General DeslgnAted Restrlcted Tangible fixed as8eis Cuiyeni assets Cun'enl liabilities 12,614 244,860 30,972 12.614 509,761 30,972 47,767 217,134 Total net assets 226,502 47,767 217 134 491,403 Unrestricted 2024 Total funds General Designated Restrleted Tangible fixed assets Cun'enl assets Curi'enl liabililftes 13,818 179,149 43,991) 148,976 13,818 449,468 (43,991 36.992 233,327 Total net assets 36,992 233.327 419,295 Page 22