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 stat￿nent 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 NottIn￿aM NGI 5GL Solieltors: CounterculNre Partne￿hip 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 MaS￿rs. 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 Ma￿h 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 Con￿nItment 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 di￿1¢￿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 fir￿nCIal slalettienis in accordance willi applicable law and Uiiiled l