Registered number: 09031159
Charlty number.. 1157145
THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limitod by guarantee)
UNAUDITED
GOVERNORS, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Gompany Ilmlted by guarant•èl
CONTENTS
Page
Reference and admini5tratlve details of the company. its Govornors and advisers
Governors. report
Indepondent tsxamSnerf¥ report
Statement of financlal activiti09
Balance 8heet
Statement of cash flows
10
Notès to tho finanelal gtatgmAnts

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Company limited by guarantee)
GOVERNORS. REPORT
FOR THE YEAR ENDED 310ECEMBER 2021
The Governors (who are also directors of the charity for the purposes of the Companies Acll present their
annual report together with the financial slalemenls of The No￿e918n Kindergarten in London I'lhe
Kindergarten, or'NK'I for the year ended 31 December 2021. The Governors confirm that the annual report and
finanGial statements of Ihe wmpany Eotnply wrth the Chaiitie5 Act 2011, the Companles Aci 2006. the
requirements of the governing documents and Accounting and Reporting by Charities.. Slalement ol
Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the
Fin8ncig1 Reporting Stgndgrd 8pplie8ble in the UK and Republie of Ireland IFRS 1021 {offectiva 1 January
20191.
CONSTITUTION AND OBJECTS
The Norwegian Kinderg8rten in London was esl8blished on 8 May 2014 as a private company limited by
guarantee {Company Number.. 90311591 and registered as a charily {Regislered Number.. 1157145). It is
90verned by its Memoiandum and ArtIGles of Association. The Kindetyarteii op¥iieil ui) 1 Auyubl 2014.
The pfincipal object of the charity is lo promote the education of Norwegianlscandinavian children aged
hpfvlppn 2 fj_fj y•ar8 in thp Ilnitpd Kingdnm
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Norwegian Kindergarten in London is an English Independent School for children aged 2.5-5. Under special
circumstances a child may be admilled earlier. subject to available places.
in¢6 veptember 2015 tho board ha8 4 Goverf)or8 who are also Directors of The Norwegian Kindergarten in
London. The Board had five meetings thi5 year. The Kindergarten is financed solely from fees. Policy is
elermined by the Governors and is carfied out by the Head Teacher. The Deputy Head Teacher assists the
Head Teacher in the day lo day management of Ihe Kindergarten's academie and non academic malters.
BOARD OF GOVERNORS
None ol the Governors receive<s any femuneration or reimbursement (Juring the year.
The Governors are charity Iruslees. as well as directors and members of the company. Nominations are made
followin9 d1￿C￿s￿l0n5 between existing Governo￿ and the Hcad Tcacher and takc into account the individu81'8
connections with the Kindergarten. competence, specialist skills and local availabilrty. The Governing Board
requires breadth and depth of experience lo carry ovt ils dulles effectively and efficiently.
REVIEW OF ACTIVITIES
The Norwegian authorities ruled that the Kindergarten could no longer be part of The Norwegian School in
London Llmlted and so on 1 August 2014 The Norwegian Kindergarten In London was sei up as a separate
legal enlity. Existing pupils and staff were translerred lo the new entity from 1 August 2014.
The Norwagisn Kindorosrtan in London providas Nursery School Education for NO￿￿O913n/sc&ndlfisYiQn
speaking children aged 2.5 10 5 al ils Premises in Wimbledon. following the Norwegian cijrriculum.
English speaking staff in the Nursery groups provide a bilingual approach lo leaching. The Kinderoarten aims lo
be "The natural choice for Norwegianlscandinavian families in London" For the Kindergarten year starting
Augusl 2020, the Kindergarten had 4 full or part time employees and for the KindeTgarten year starting August
2021 the Kindergarten had 4 full or part lime employees.
In January 2021 16 children attended the Kindergarten and in August 2021 14 children allended the
Kindergarten.
Page 2

THE NORWEGIAN KINDERGARTEN IN LONDON
{A company limit•d by guarante•}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Governors
N .%olpnd. Chair
E Jones
M Koppernaes Iresigned 17 March 20211
T Rakkp.n lappaintpd 17 March 20211
E Auslvoll lappoinled 28 January 20221
S-l Field (resigned 2 June 20211
Company registered number
09031159
Charity reglstered number
1157145
Reglstered offlce
28 Arterberry Road
Wimbledon
London
SW20 8AH
Chief executlve officer
M Tale
Accountants
James Cowper Kreslon
Chartered Accountants and Slalutory Audi(or
2 ComtnuniLcJtioiib Rulltl
Greenham 8usiness Park
Greenham
Newbury
RG19 6A8
Page 1

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guarantee)
OOVERNOR8' REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
Thp Kindp.roArtpn pmvidp.* a ma¥imiim of 24 hoiirs per week inrlLidino brpgk timp and liineh Opèning hoiir#
are". Mondays Thursdays from 8..30 until 15.'30 and Ffidays 8..30 until 14'.30. The Kindergarten has the same
holidays as The Norwegian School. At the start of each academic year the Head Teacher sends inlomialion
about the plans for the Kindergarten's main activities lo the parents, and this is followed up by weekly
newslellers. The parents also receive information during the year about changes in the curriculum and other
policy related mallers. The teachers follow agreements sel out in the Employee Handbook. The kindergarten
staff have regular planning and strategy meetings. Usually there are also five Inset Days per yeai, during which
staff trainin9 takes place.
RISK ASSESSMENT
The Norwegian Kindergarten in London regularly assesses and reviews risks lo 11$ operalions and has
introduced a formal programme of risk idenlificalion, prioritisalion and miligalion. The physical representation lo
the Governors is in the fomi of a risk register which is updated regularly.
The major risk highlighted on risk register is 8 drop in pupil numbers this is particularly relevant during this
pandemic due lo covid-19 and the impact of Brexit. The governors are constantly reviewing the situation and
costs will bc cut whefe ever possible.
The governors and leaders of the Kindelgarten have pul in pla￿ procedures lo try reduce Ihis risk..
Improvements lo marketing.. The kindergarten built a new webpage and has a new logo.
Lower the minimum pupil.. age lo 2.5 years.
Promote a separate part-lime group 'Little Viking's. for local children with an outdoor approach, following
the Norwegian framewoik.
PLANS FOR THE FUTURE
The future priorities are sel out as follows,.
11 Teaching..
NK aims lo ensure a high quality leaching by employing excellent teachers and assistants and raising
the level of their competency.
2} Personal Development and Social Skills..
NK aims to ensure a safo gnd supportive lèarning environment caring for all childrèn, ineluding childran
with individual abilities and needs.
NK will ensure that staff have the appropiiale qualifications and training lo cater ftir the academic and
social welfare and development of all children, whether they are resident in London for a shorter
or longer period.
31 Organi5ation".
NK shall be managed so that staff, facililies and resouiees are used optimally and in accordance with
applir2blg12w* and rpoiJlAlinns Hg.8lth and Safely standgrdg shall bè obgètvéd at all times.
NK will emphasise the development and implementation of Health and Safely policies and procedures.
NK will improve branding and marketing lo ensure future recruilmenl of pupils.
NK will adjust the number of classes accordingly lo the number of pupils.
Page 3

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guaranteè)
GOVERNORS. REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2021
GOING CONCERN
After evaluating the extfaoTdinary expenses due to employee matemty leave, a pending employee settlement
and the impact of the covid-19 pandemic on our pipeline the Governors have carefully considered our current
resources. We conclud¢ that 3hould cnrolmcnt pick up as expected over thè nsxt S months we shou1LI have
enough resources to continue in operational existence. For this reason they continue lo adopt the going concern
basis in prepanng the financial statements.
ACHIEVEMENTS AND PERFORMANCE
In May 2018 the Kindergarten wa8 identified as a good school, following an inspection by Ofsled.
The results from using observations are used in further planning and setting goals for the pupils. We facilitate
learning through play and social interaction.
During the year the staff completed courses lo keep within the Ofsled requirements. In Spring 2021 one
member of staff allended the course 'A holi51ic approach lo languag& development, and another member of
staff attended the course 'Exploring the Curiosity AppToach'. In Autumn 2021 three members of staff allended
an in house Fire Safely Training. One staff member renewed her basic Safeguarding for children in the Early
Years and another staff renewed a SENCO refresher training. A new member of staff completed Designated
Safeguarding Lead 1 and Designated Safeguarding Lead 2. Also, during the Autumn term three members of
Staff atiencsed a Paedlatrlc 12 hou15 first Aid bourse.
The Kindergarten appreciates ils responsibility to minimise ils impact on the environment and implements
sch8mg$ such a$ walking lo school. to rpdiJc.A thg KindÈroarten's negative footprint on the environment.
PUBLIC BENEFIT
The Governors have given careful consideration lo the Charity Commission's general 9uidance on putilic benefit
and in particular lo ils supplementary public benefit guidance on advancing education and on fee charging. The
provision of public benefit main5y caters for Norwegianlscandinavian citizens in the local area. As a main rule all
Iiildreii take part in sGh¢)ol trip5, excur8ion8, visit3 to theatrc-
at no cxtra charge. Milk 1$ provided freg of chargo
for lunch.
The Nnn￿pj1an Kindergarten welcomes pupils trom all backgrounds and nationalities.
Additional public benefits include..
Providing facilities for families for birthday parties and othèr oceasions and celebrations.
Providing aceess lor children and families to Ihe School grounds- playground anij tennis Gourt- vultside
school hours al no charge.
The Kindergarten participates in fundraising for Comic Relief. Children in Need and Chfislmas Jumper
day (Save the Children Fundl and other ¢harity evonts.
The Kindergarten visits a neighbouring inslilulions for senior citizens.
REMUNERATION OF KEY PERSONNEL
The Governors ore responsible for selling the pay and remuneration of key managemenl personnel.
Remuneration is set once certain factors are considered. These factors include market rates of pay and
ben¢hmarKS againsr salaries in Norway.
FINANCIAL REVIEW
Finances have been closely monitored this year bul despite this there was a deficit of £28,872 which will be
taken from the reserves. The amounl of resetves al the end of 2021 was £52,005.
This is partly due lo having a member of staff on malernity leave and with the pandemic still being prevalent the
numbers were down throughout the year.
P89e 4

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guaranteel
GOVERNORa' REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
RESERVES POLICY
The Governors understand the need lor cash reserves so the Kindergarten can continue lo operate for the
foreseeable future.
Approved by ordei of the members of the board of Governors and sioned on their behalf bv..
N Sole
Truste
Date..
Page S

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company Ilmited by guoranteel
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Indopgnd•nt Examlnorfs Rèport tn the Governors of The Norwegian Klndergarten In London
{'the Company'l
I rg.pnrt to the charity Governors on my examination of the accounts of the company for the year ended 31
De￿mber 2021.
Responslbllltles and 8asls of Report
As the Governors of the company land ils directors for the purposes of company lawl you are responsible for
the pieparalion of the accounts in accordance wjth the requirements ol the Companies Act 20061 the 2006
Acl'l.
Having satisfied myself that the 8ccounls of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report In iespeGt vf rFIy Exdiiiiiialioii of the Gompanls
a¢counls carried out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Indopendent ExamlneT'S Statement
I have Gompl¢te¢J Iiiy exainination. l Confirm that no m8tteryd hav¢ come to my 2ttantion in eonnection with the
examination giving me cause lo believe-.
acGOUnting r¢cords wcrc not kept in rgSP8et of tho company as reqiiired by qg.Ctinn If16 01 the 2006 Act..
or
the accounts do not accord with those records., or
tne accounts do not comply with thE ¢aGbuuiiling requirements of section 398 of the 2006 h¢t other than
any requirement that the accounts give a 'lrue and fairf view which is not a mattel considered as part of
an independent examination., or
the accounts have not beEii prepared in accordance with the methods and principles of thg Statemant of
Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Iroland {FRS 10211.
I have no Concerns and have come across no other mallers in conrieclion with the examination to which
attention should be drawn in this rcport in order to ansblo a proper undorstandinu of Ihft arcounts lo be
reached.
Thi3 report is made solely to th• companls Governors. 8$ a hndy. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the compariy's
Governors those matters l am required lo slate lo them in an Independent examinerfs report and for no olhei
purpose. To the lullesl extent pemiilled by law, I do not accept or assume responsibility lo anyone other than
the company and the company's Governors a5 2 body. for my work or for this report.
P8ge 6

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2021
Signed..
Michael Farwell MA FCA DChA
Far.dl
Dated.. 2710512022
James Cowper Kreston
Chartered Accounlanls and Slalulory Auditor
2 Communications Road
Greenham Business Park
Greenham
Newbury
RG19 6AB
Page 7

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Goinpany Ilmited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOMF. AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Total
funds
2021
Tolal
funds
2020
Noio
Income from..
Charitable activrties..
Fees receivablg
Othef income
174,835
8,683
174,835
8,683
177,608
21,785
183.518
183.518
199,393
Total income
Expendlture on..
Charilable a¢livilies'.
£t8ff costs
171,949
3,201
20,942
13.088
210
3,000
171,949
3,201
20,942
13.088
210
3.000
156,646
3.028
20,863
14.684
164
3,252
Educational supplies
Eslablishmenl costs
Other operating cosis
Finance costs
Governance
212,390
212,390
198.637
Total expenditure
Nel lexpendlturelllncome
128,8721
128.8721
756
{28.8721
128.8721
756
Nèt movement in fund$
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
80,877
128.8721
80,877
128,8721
80.121
756
52,005
52,005
80,877
Total funds Carrled forward
The Statement of Financial Activities includes all gains and losses reeognised in the year.
The notes on p8ges 1110 19 form part of these financial statements.
Page 8

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company Ilmlted by guarantee)
REGISTERED NUMBER.. 09031159
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
Flxed assets
Tangible assets
1.716
2,524
1.716
2,S24
Current assets
Debtors
Cash al bank and in hand
2,366
79,284
2.768
137,364
81.650
140,132
Current liabilities
10
131.3611
161,7791
Nel curront assets
50,289
78,353
Total net assets
S2,005
80.877
Charity funds
Unreslflcted funds
11
52,005
80,877
Total funds
52,005
80,877
The company was entitled lo exemption ffom audil under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for the year in question in aceordanee with
section 476 of Companies Act 2006.
The Governors acknowledge their responsibilities for complying with the requirements of the Act with respe¢l to
a¢counting rocords and preparation of financial 8talement8.
The financial slalemenls have been prepared in accordance with the provisions applicable lo entities subject lo
the small companies regime.
The financial slalemenls were approved and aulhorised for issue by the Governors and signed on their behalf
by..
Trustee
Dale..
£LI i
The notes on pages 11 to 19 form part of these financial slalemenls.
Page 9

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company Ilmlt¢d by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021
2020
Note
Cash flows from operatlng acllvities
Nel cash used in operatin9 activities
{68,0801
22,871
Cash flows from invest5ng actlvlties
Purchase ol tangible fixed assets
11,8791
Net Cash provided byllu6¢d inl invègting actlvlti•s
11.879)
Chang9 In cash and cash •quivalent$ In the y•ar
Cash and cash equivalents al the beginning of the y&ar
IS8.0801
137,364
20.992
116.372
Cash and cash equlvalents at tho end of the year
14
79,284
1Jl,J64
The not•s on PAges 11 to 19 form part ol these fingnei81 stAlp.mAnt8
Page 10

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
General information
The enlily is a charitable company limited by guarantee, incorporated in the United Kingdom and
registered in England and Wales. Its fegislered address can be found on page 1. The members of the
company are the Governors named on page 1. In the event of the company being wound up. the liability
in fespecl of the guarantee is limited to £10 per member ol the company.
Accountlng pollcles
2.1 Basls of pr•p4ration of financial 8tatomonts
The financial slalemenls have been prepared in accordance with the Charrties SORP IFRS 1021
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities
pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reportin9 Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The Norwegian Kindergarten in London meets the definition of a public benefit enlily under FRS 102.
Assets and liabilities are initially reeognised al historical cost or transaction value unless otherwise
statèd in the relevant accounting policy.
2.2 Going concern
After evalualing the exiraordinary expenses due lo employeo maternity leave, a pending employee
selllemenl and the impact of the covid-19 pandemic on our pipeline the Governors have carefully
considered our current resources We conclude that should enrolmenl pick up as expected over the
next a months we Should have enough iesouices to Goiitinue iii operalioiial exislviiG¥. Foi tliis
reason they continue to adopt the going concern basis in preparing the financial slalemenls.
2.3 Incom
All income 15 reco9nised once the company has enlillemenl to the income, il is probable that the
income will be received and the amount of incolne recewable can be measured reliably.
Fees relating to the next financial year are carried forward as deferred income.
2.4 Expenditur¢
Expenditure is recognised once there is a legal or conslru¢live obligation lo transfer economic
benefrt lo a third party, il is probable that a transfer of eeonomic benefrts will be fequired in
settlement and the amount of the obligation can be measured reliably.
Expendrture has been allocated between direct charitable and management and adminislralion
costs according to the nature ot the work pertormed. Direct charilable expenditure comprises all
costs directly attributable lo the provision of services in pursuance of the charitable objectives and
policies.
All expenditure 18 accounted for under the accruals concept.
Charitable activities and Governance costs are costs incurred on the Company's educational
operations, including support costs and costs relating to the governance of the company apportioned
lo charitable activities.
All expendlture Is Inclusive of irrecoverable VAT.
Page 11

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Gompany Ilmlted by guarant¥el
NOTES TO THE FINANCIAL STATF_MENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Aeeountlng ptsllel•s Icontlnijèd)
2.5 Tangiblg fixed assets and depreciation
Tangible fixed assets are ini11811y lecognised at cost. After recognition. under the cost model.
tangible fixed assets are measured al cost less 8¢¢umulaled depreciation and any aecumul8led
impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working
condition snould be included In the measurement of w31.
Depreciation is charged so as to allocate the co$1 of tangible fixed assets less their residual value
over thcir ¢stimated useful lives.
Depreciation 1$ provided on the following bases..
FixtUTes and fillings
Computer equipment
20Vo and 33'/ts reducing balance
33% reducing balance
2.6 Debtors
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.7 Cash at bank and in hand
Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short
malurily of three months or less from the dale of acquisition or opening ol Ihe (Jeposit or slmllar
account.
2.8 Ltablllllo$ and provl•lons
Liabilities are recognised when there is an obligation al the balance sheet dale as a result of a past
8vftnt. it is probable that a transfer of economic benefit will be reouired in setllemenl, and the
amount of the selllemenl can be eslimaled reliably.
Liabili(ies are recognised al the amount that the company anlicipales it will pay to settle the debt or
the amounl il has received as advanced payments for ihe goo(Ss or setviGes It ITiu¥I yiuvide.
2.9 Forèlgn currencies
Monetary assets and liabilities denominated in foreign curreneies are translated into sterling al rates
of exehange ruling al the balance sheet dale. Transactions in foreign cuirencies are translated into
sterling al the rale rulino on the date of the Irans8clion. Exchange 9ains and losses are recognised
in the Slalemenl ol financial activities incorporating income and expenditure account.
2.10 Penslons
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company lo the fund in respect of the year.
2.11 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Governors in
furtherance of the general objectives of the company and which have not been designated tor other
purposes.
Page 12

THE NORWEGIAN KINDERGARTEN IN LONDON
{A company limited by guaranteg)
NQTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accouiiliiig pollclos (Goiitliiuedl
2.12 Critical accounting estlmates and areas of Judgement
Estimates and judgements are continually evaluated and are based on historical experience and
other factors, including expectations ol future events that are believed to be reasonable under the
circumstances.
Critic81 accounting estimates and assumptions..
The company makes estimates and assumptions Con￿rning the tulure. I he resulling accounting
estimates and assumptions will, by definition. seldom equal the related actual results.
Other income
Unrestrictod
funds
2021
Total
funds
2021
Total
funds
2020
CJRS grant
Olher inGonie
8,402
281
8,402
281
20,874
911
Totsl 2021
8,683
8.683
21,785
Total 2020
21.785
21,785
Governance costs
Unrèstricted
funds
2021
Total
funds
2021
Total
funds
2020
Independent examiner's fees
Independent examiner's fees- non-examination
2,000
1,000
2,000
1,000
1,930
1,322
Total 2021
3,000
3.000
3.252
Page 13

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Gompany Ilmltod by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Indepgndent examlnerfs remuner8tlon
2021
2020
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
F¢¢s payable to the ¢omp8ny'3 independont cxaminer in respect of..
All other seNices not incltjded above
2,000
1,930
5,877
6,268
Staff costs
2021
2020
Wages and salaiies
Social security costs
Contribution lo defined contribution pension schemes
147.779
11.639
12.531
135,917
10.082
10,647
171.949
156.846
The average number of persons employed by the company during the year was as follows..
2021
No.
2020
No.
No employee received remuneration amounting lo more than £60,000 in either year.
The key management personnel of The Norwegian Kindergarten in London comprise governors, the
head teacher and the deputy head teacher. The lolal employee benefits of the key management
pe¥sonnel was £103,869 {2020.. £114,355}.
Governors. remuneratlon and ¢xpenses
The members of the Board of Govemors are regarded as directors for the purposes of the Companies
Act 2006.
During the year, no Govefnors received any remuneration or other benelils {2020- £NILI.
Duiing the year ended 31 December 2021. no Govemor expenses have been incurred12020- £NILI.
Page 14

THE NORWEGIAN KINDERGARTEN IN LONDON
{A company Ilmited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Tangibl8 tix•d ass•ts
Fixtures and
Computer
equlpriieiit
Total
Cost or valuatlon
Al 1 January 2021
1.749
3.178
4,927
At 31 December 2021
1.749
3.178
4,927
Dopreclatlon
Al 1 January 2021
Chaige for the year
1.267
100
1,136
708
2,403
808
Al 31 December 2021
1,367
1,844
3.211
Net book value
Al 31 Docgmbor 2021
382
1.334
1,718
Al 31 December 2020
482
2,042
2,524
Debtors
2021
2020
Due wllhin one year
Prepayments and accrued income
2.366
2.768
10.
Crodltor8- Amounts falling due withln ono year
2021
2020
Trade creditors
Other laxalion and social security
Other creditors
Accruals and deferred income
723
4.OS7
1.043
25.538
2,789
3,544
1.043
54.403
31,361
61,779
Page15

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. Credltors: Amounts falling due wlthin one year {continuedl
2021
2020
2021
2020
Deferred income al 1 January 2021
Resources deferred during the year
Amounts released from previous periods
52.003
23.138
152,003)
27.103
52.003
127.1031
23,138
52,003
11. ststement of funds
Statement ol funds- current year
Balancg at
31
Docember
2021
Balance at 1
January
2021
Income Expenditure
Unrestrlcted fund$
General Funds
80,877
183.518
1212.3901
52,005
Stat¢ment of funds - prlor year
Balance al
31
December
2020
B818nce gt
1 January
2020
Income Expenditure
Unrestrlcted funds
General Funds
80,121
199,393
{198,6371
80,877
Page 16

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2021
12.
Analysls of nèt assets bgtwo8n funds
Analysis of n&t assets between funds - current year
Unrestricted
fund$
2021
Total
fund$
2021
Tangible fixed assets
Current assets
Creditors dL+e within one yeaf
1,716
61,050
(31,361)
1,716
81,650
131,3611
Total
52.005
52,005
Analysis of net assets between funds . Prior year
Unre=tricted
funds
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
2,524
140,132
161.7791
2,524
140,132
161,7791
Total
80,877
80.877
13. Reconclllatlon of net movement in funds to net cash flow from oporating activities
2021
2020
Nel incomelexpendilure for the year las per Slalemenl of Financial
Aclivilies}
128,8721
756
Adjuslments for:
ng.precigtion charges
Decreasellincreasel in debtors
IDecreaselllncrease in creditors
809
363
{7801
22,532
401
{30.4181
Net cash provided byllused inl operating activitles
158,0801
22.871
Page 17

THE NORWEGIAN KINDERGARTEN IN LONDON
IA Gompany Ilmited by guaranto•}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Analysls of cash and cash equlvalents
2021
2020
Cash in hand
79,284
137.364
Total cash and cash equivalents
79,284
137,364
15. Analysis of changes in nèt defjt
Al1
January
2021 Cash flows
At31
December
2021
Cash al bank and in hand
137,364
158,0801
79,284
16. Pension commltments
The charity operates a defined contributions pension scheme for ils employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund. The pension
r.ost rharoè rèpresents contributions payable by the charity to the fund and amounted lo £12.53112020
£10.647}. Contributions lolalling £1,043 {2020'. £1,043) were payable at the balance sheet dale.
17.
Operating lease commitments
At 31 December 2021 the company had commilmenls lo make future minimum lease payments under
DOn-￿ncelIable opcrating leases as follows..
2021
2020
Not later than 1 year
Later than 1 year and not later than 5 years
Later than S years
20,08S
80.340
353.151
20,085
80.340
JC3,246
453,586
473,671
The following lease payments have been recognised as an expense in the Statement of financial
activities..
2021
2020
Operating lease payments
20.085
20,085
Page 18

THE NORWEGIAN KINDERGARTEN IN LONDON
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18. Related party transactlons
A number of Governors have children who attend the Norwegian Kindergarten in London and nursery
fees are charged in accordance with the nursery charging policy.
There were no other related party transactions in the year.
19. Controlllng party
In the opinion of the Governors. there is no controlling paty.
Page 19