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Registered number: 09031159
Charity number: 1157145
THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
UNAUDITED
GOVERNORS. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
CONTENTS
Page
Roference and administralive details of tho company. its Govfrrnors and advisors
Govomors. report
Independent exarninerfs report
Statement of financial activities
Balance sheet
Statement of cash flows
Notes to the financial statements
10-18

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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2022
Governors
E Austvoll lappoinled 28 January 2022. appointed chair 24 May 2022)
N Solend (resigned 21 June 20221
E Jones
T Bakken
F Ellekjaer lapwinted 24 May 20221
Company registered number
09031159
Charity registered number
1157145
Registered office
28 Arterbery Road
Wimbledon
London
SW20 8AH
Chief executive officer
M Tate
Ac￿u￿tantS
James Cowper Kreston Audit
Chartered Accountants
George Street
Reading
Berkshire
RG18LS
Page 1

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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
GOVERNORS. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Govemors (who are also directors of the charity for the purposes of the Companies Act) present their annual
report together Mfjlh the financial statements of The NoNegian Kindergarten in London I'the Kindergarten. or
'NK') for the year ended 31 December 2022. The Govemors confirm that the annual report and financial
statements of the company comply wth the Charities Act 2011. the Companies Act 2006. the requirements of
the goveming documents and Accounting and Reporting by Charities" Statement of Reo)mmended Practice
{SORPI applicable to charitie5 preparing their accounts in accordan￿ the Financial Reporting Standard
applicable in the UK and RepubliG of Ireland {FRS 1021 leffeGlive 1 January 2015).
CONSTITUTION AND OBJECTS
The Norwegian Kindergarten in London was established on 8 May 2014 as a private company limited by
guarantee (Company Number.. 90311591 and registered as a charity {Registered Number.. 11571451- It is
governed by its Memorandum and Artides of Association. The Kindergarten opened on 1 August 2014.
The principal object of the charity is to promote the education of Norwegianlscandinavian children aged be￿een
2 5 years in the United Kingdom.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The NO￿egIan Kindergarten in London is an English Independent School for children aged 2-5.
Since September 2015 the board has 4 Govemors Md)0 are also Directors of The NonNegian lfjndergarten in
London. The Board had five meetings this year. The Kindergarten is financed 501ely from fee5. Policy is
determined by the Govemors and is carried out by the Head Teacher. The Deputy Head Teacher a551Sts the
Head Teacher in the day to day management of the Kindergarten's academic and non academic matters.
BOARD OF GOVERNORS
None of the Govemors received any remuneration or reimbursement during the year.
The Governors are charty trustees, as well as directors and members of the company. Nominations are made
followng discussions betrween existing Governors and the Head Teacher and take into account the individual's
conneckn.ons with the Kindergarten, competence, specialist skills and local availability. The Goveming Board
requires breadth and depth of experience to cary out ils duties effecb.vely and efficienuy.
REVIEW OF ACTIVITIES
The Nor4vegian aulhorilies ruled that the Kindergarten could no longer be part of The NO￿egian School in
London Limited and so on 1 August 2014 The Norwegian Kindergarten in London was set up as a separate legal
entity. Existing pupils and staff were transferred to the new entsty from 1 August 2014.
The Norwegian Kindergarten in London provide5 Nursery School Education for NopNegianlScarKlinavian
speaking children aged 2 to 5 at its premises in Wimbledon, followng the NopNegian curriculum.
The Kindergarten aims to be "The natural choice for NorwegianlScarKlinavian families in London"
For the
Kindergarten year starting August 2021. the Kindergarten had 4 full or part time employees and for the
Kindergarten year starting August 2022 the knndergarten had 4 full or part time employees.
In January 2022 15 children attended the Kindergarten and in August 2022 16 children attended the
Kindergarten.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
The Kindergarten provides 34 hours per week incIL￿ing break time and lunch. Opening core hours are.. Mondays
Thursdays from 8..30 until 15.'30 and Fridays 8..30 until 14'.30. The kindergarten also offer earty drop off from 8am
and late pick to 4pm (except Fridays) to an additional cost The Kindergarten has the same holidays as The
NopNegian School_ Al the start of each academic year the Head Teacher sends information akx)ut the plans for
the Kindergarten's main activities to the parents, and this is followed up by weekly newsletters_ The parents also
receive information during the year about changes in the curriculum and other policy related matters. The
teachers follow agreements set out in the Employee Handbook_ The kindergarten staff have regular planning
and strategy meetings. Usually there are also five Inset Days year, during which staff training tskes place.
RISK ASSESSMENT
The Nopwegian Kindergarten in London regularty assesses and reviews risks lo its operations and has
introduced a formal programme of risk identification, priorilisalion and mitigation. The physical representation to
the Govemors is in the form of a risk register which is updated regularly.
The major risk highlighted on the risk register is a drop in pupil numbers this is particularly relevant due to the
impact of Brextt. The govemors are constanlly reviewng the situation and costs wll be cut where ever possible.
The governors and leaders of the Kindergarten have put in place procedures to ty to reduce this risk:
Improvements to marketing: The lQndergarten built a new webpage and has a new logo.
Lower the minimum pupil age lo 2 years.
Promote a hybrid group for local children with an outdoor approach. follo￿￿ng the Norwegian framework.
PLANS FOR THE FUTURE
The fijlure priorities are set out as follows:
1) Teaching-
NK aims to 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 safe and supportive learning environment caring for all children, including children
wrth individual abilities and needs.
NK will ensure that staff have the appropriate qualifications and trainirKJ to cater for the academic and
social welfare and development of all children, whether they are resident in London for a shorter
or longer pefic%l.
3) Organisation:
NK shall be managed so that staff, facilities and resources are used optimally and in accordance with
applicable laws and regulations. Health and Safety standards shall be obsetved at all times.
NK wll emphasise the development and implementation of Health and Safely pdicies and procedures.
NK will improve branding and marketing to ensure future recruitment of pupils.
NK will adjust the number of classes accordingly to the number of pupils.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
GOING CONCERN
We conclude that should our enrolmenl level continue as expected, we should have enough resources to
continue in operational existence. For this reason, they continue to adopt the going concern basis in preparing
the financial statements.
ACHIEVEMENTS AND PERFORMANCE
In October 2022 the Kindergarten was idenlrfied as a gcod schoc4. following an inspection by Ofsted.
The results from using obsetvations are used in further planning and setting goals for the pupils. We facilitate
leaming through play and social interaction.
During the year the stsff completed courses to keep'within the Ofsted requirements. In Spring 2022 one member
of staff attended a Designated Safeguarding Lead Refresher course.
In Autumn 2022 all staff completed on-line trairing courses., Prevent and Female Genital Mutilation. A new
member of staff completed a basic Safeguarding for children in the Earfy Years and a SENCO training course.
Another staff attended an introduction to the three I's- Intend, implementation and impact. Two members of staff
also attended a lecture by Tina Bruce ICBE)- The Educational value of children at play. One of the governors
completed a Designated Safeguarding Lead 2 (Safe premises, safe culture and safe recrurtmenti.
The kindergarten appreciates its responsibilty to minimise its impact on the environment and implements
schemes such as walking to sch¢)ol, lo reduce the Kindergarten's negative footprint on the environment.
PUBLIC BENEFIT
The Governors have given careful consideration to the Charity Commission's general guidance on public benefft
and in particular to its supplementary public benefit guidance on advancing education and on fee charging. The
provision of public benefit mainly caters for Norwegianlscandinavian citizens in the local area. As a main rule all
children take part in school trips. excursions. visits to theatres at no extra charge. Milk is provided free of charge
for lunch.
The Norwegian Kindergarten welcomes pupils from all backgrounds and nationalities.
Additional public benefits include..
Providing facilities for families for birthday parties and other cttasions and celebrations.
Providing access for children and families to the School grounds- playground and tennis court outside
school hours at no charge.
The Kindergarten partictpate in fundraising for Comic Relief, Children in Need and Christmas Jumper day
(Save the Children Fund) and other charity events.
The Kindergarten visits neighbouring instiluts.on for senior citizens.
REMUNERATION OF KEY PERSONNEL
The Govemors are responsible for setting the pay and remuneration of key management personr¢el.
Remuneration is set once certain factors are considered. These factors include market rates of pay and
benchmarks against salaries in NopNay.
FINANCIAL REVIEW
FInan￿S have been d05ely monitored this year but despite thi5 there was a deficAt of £31.946 which will
taken from the reserve5. The amount of reserves at Ihe end of 2022 was £20.059.
This deficit is due to an unforeseen increase to payroll costs. 2023 forecast is significantly better and should see
profit Mthich will increase the depleted reserves.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
GOVERNORS. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
RESERVES POLICY
The Govemors understand the need for cash reserves so the Kindergarten can continue to operate for the
foreseeable future.
Approved by order of the members of the board of Govemors and signed on their behalf by=
Austvoll
Chair of Trustees
Dale= 30 May 2023
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Independent Examinerfs Report to the Governors of The NopNegian Kindergarten in London
('tho company.)
I report to the charity Govemors on my examination of the accounts of the company for the year ended 31
December 2022.
Responsibilities and Basis of Report
As the Govemors of the company land its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance V¥qth the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myseW that the accounts of the company are not required lo be audited under Part 16 of the
2006 Act and are eligible for independent examinalh)n, I report in respect of my examination of the companys
accounts carried out under section 145 of the charit￿s Act 2011 1.the 2011 Act'l. In carrwng out my examination
I have followed the Directions given by the Charity Commissi(m under sects'on 14515Kb} of the 2011 Act.
Independent Examinerfs Statement
I have completed my examination. I confirm that no matters have ￿me to my attention in connection with the
examination giving me cause lo believe:
accnunting reGords were not kept in respect of the Gompany as required by section 386 of the 2006 Act
or
the accounts do not accord with those records: or
the accounts do not comply wth the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a Yrue and fairf view which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance with the methods and piinaples of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charf(ies preparing their
accounls in accc*dance with the Financtal Reporting Slandard applicable in the UK and Republic of
Ireland IFRS 102)].
I have no concems and have come across no other matters in connection with the examination to ￿lch
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the companvs G)vemors. as a body. in accordance with Part 4 of the Charities
{Account5 and Reports) Regulations 2008. My work has been undertaken 50 that I might state lo the companls
Governors those matters l am required to stale to them in an Independent examinerfs report and for no other
purpose. To the fiillest extent perniitted by law. I do not attept or assume responsibility to anyone other than the
company and the companrfs Govemors a5 a bcdy, for my work or for this report.
Signed:
Darren O'connor Bcs (Hons) FCCA ACA
Dated= 2 June 2023
James Cowper Kreston Audit
Chartered Accountants
George Street
Reading
Berkshire
RG1 8LS
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Charitable activities-
Fees receivable
202.546
202,546
174,835
8,683
Other income
Total income
202.546
202,546
183.518
Expenditure on:
Charitable activities=
staff costs
195,252
2,394
20,813
12.253
180
195,252
2,394
20,813
12,253
180
171,949
3,201
20.942
13.088
210
Educational supplies
Establishment Costs
Other operating costs
Finance costs
Govemance
3.fjoo
3,600
3,000
Total oxpenditure
234.492
234,492
212.390
Net expenditure
131.946)
{31.9461
128,872)
Not movement in funds
131.946)
{31,9461
128,872)
Reconciliation of funds:
Total funds brought forward
Net movement in fund5
52,005
131.946)
52,005
{31.9461
80,877
128,872)
Total funds carried forward
20.059
20,059
52.005
The Statement of Financial Activities include5 all gain5 and losses recognised in the year.
The note5 on pages 10 to 18 fomi part of these finanrAal Statements.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
REGISTERED NUMBER: 09031159
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Note
Fixed assets
Tangible assets
1.197
1,716
1.197
1,716
Current assets
Debtors
1.026
57,620
2.366
79.284
Cash at bank and in hand
58,646
81.650
Current liabilities
10
139.7841
131.3611
Nei currant assets
18.862
50,289
Total net assets
20.059
52,005
Charity funds
Unrestricted funds
20.059
52,005
Total funds
20.059
52,OOS
The company was entitled to exempts'on from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Govemors acknowledge their responsibilities for complying with the requirements of the Act wth respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entilies subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Governors and signed on their beha
by..
E Austrrfoll
Trustee
Dale= 30 May 2023
The notes on pages 10 10 18 fomi part of these financial statements.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Noi8
Cash flows from operating activitios
Nel cash used in operating activities
13
121,664)
158,080)
Change in cash and cash equivalents in the yaar
121,664)
158,0801
Cash and cash equivalents at the beginning of the year
79.284
137.364
Cash and cash equivalents al the end of the year
14
57.620
79,284
The notes on pages 10 to 18 fom part of these financial statements
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Gan8ral infomiation
The entity is a charitable company limited by guarantee. incorporated in the United Kingdom and
registered in England and Wales. Its registered 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
respect of the guarantee 15 limited lo £10 per member of the company.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 1021
Accounting and Reporting by Charities: Statement of Recommended Practi￿ applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Finanaal Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006.
The Norwegian Kindergarten in London meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical cost or transacts'on value unless otherwise
stated in the relevant accounting policy.
2.2 Income
All income is recogni5ed once the company has entitlement to the income. it is probable that the
income wll be received and the amount of income receivable can be measured reliabty.
Fees relating to the next financial year are carried foTward as deferred income.
2.3 Expenditure
Expenditure is recognised onee there is a legal or Constructive obligation to transfer economic benefft
to a third party, it is probable that a transfer of economic beneffls will be required in Set￿ernent and
the amount of the obligation can be measured reliably.
Expendrture has been allocated be￿￿n direct charitable and management and administration costs
according lo the nature of the work perfomied. Direct charitable expenditure comprises all costs
diredy attributable to the provision of seNices in pursuance of the charitable objectives and poli￿es.
All expenditure is accounted for under the accruals concept.
Charitable activtties and Governance costs are costs incurred on the compan￿$ educational
operations, including support costs and o)sts relating to the governance of Ilie o)nipany apportioiied
to charitable activities.
AJI expenditure is inclusive of Irrecoverab￿ VAT.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incLTr￿ed to bring a tangible fixed asset into its intended working condition should be
induded in the measurement of cost.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting polieies {continuodl
2.4 Tangible fixed assets and depreciation {cominued)
Depreciation is charged so as to allocatè the cost of tangible fixed assets less their residual value
over their estimated useful live5.
Depreciation is provided on the following bases-.
Fixture5 and fittings
Computer equipment
20% and 33% reducing balance
33% reducing balance
2.5 Debtors
Prepayrnents are valued al the amount prepaid net of any tTrde discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and SI￿rt-tem1 highly liquid investments wlh a short maturity
of three monlhs or less from the dale of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilitie5 are recognised at the amount that the company anticipate5 It wll pay to settle the debt or
the amount it has received as advanced payments for the good5 or services it must provide.
2.8 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into slerting at rates
of exchange wling at the balance sheet date. Transactions in foreign currencies are translated into
sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in
the Statement of financial activities incorporating income and expenditure account.
2.9 Pensions
The company operates a defined contribution pension scheme and the pension charge represents
the amcyJnt5 payable by the company to the fund in respect of the year.
2.10 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Govemors in
furtherance of the general objectives of Ihe company and which have not been designated for other
purposes.
2.11 Terniination payments
Termination payments are recognised once the obligation arises whid) is usually at the date of
communcation.
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting polieies {continuodl
2.12 Critical accounting astimaies and areas of judgoment
Estimates and judgements are continually evaluated and are based on historical experience and
other faGtors. ino4uding expeGtalion5 of lutute events that are belbeved to be rea50Trable the
rcumstances.
Crrbcal accounting e5timale5 and assumptions..
The company makes estimates and assumptions con￿mIng the future. The resulting accounting
estimates and assumptions wqll, by definition, seldom equal the related actual results.
Other income
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
CJRS grant
Other income
8,402
281
Total 2022
8,683
Total 2021
8,683
8,683
Gov8manc8 costs
Unrestricted
funds
2022
Total
fund5
2022
Total
funds
2021
Independent examiner's fees
Independent examiner's fees - non*xamination
2.0
1,6
2,000
1.600
2.000
1,000
Total 2022
3.6CK)
3,600
3,000
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Indepandent examinarfs remuneration
2022
2021
Fees payable to the companls independent examiner for the independent
examlnatlon of the companys annual accounts
2,000
2,000
Fees payable to the companls independent examiner in respect ot.
l other services not inciuded above
6.751
5.877
Staff costs
2022
2021
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
168.270
11.495
14.324
146.879
11.639
12,531
194.089
171,049
During the year temiination payTnenls of £18,243 12021: £nill were made. There were no outstanding
amounts at the balance sheet date.
The average number of persons employed by the company during the year was as follows..
2022
No.
2021
No.
No employee received remuneration amounting to more than £60,000 in either year.
The key management personnel of The NopNegian Kindergarten in London comprise govemors, the
head teacher and the deputy head teacher. The total employee benefits of the key management
personnel was £107,682 {2021: £103,869}.
Governors. remuneration and expenses
The members of the Board of Governors are regarded as directors for the pufj)oses of the Companies
Act 2006.
During the year. no Govemors received any remuneratson or other benefits12021- £NIL).
During the year ended 31 December 2022. no Govemor expenses have been inuJrred12021- £NIL).
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tangible fixod assets
Fixtures and
fittings
Computer
equipment
Total
Cost or valuation
At 1 January 2022
1.749
3.178
4,927
At 31 December 2022
1.749
3.178
4,927
Depreciation
At 1 January 2022
Charge for the year
1.367
79
1.844
3,211
519
At 31 December 2022
2.284
3,730
Net book value
At 31 December 2022
303
894
1,197
At 31 December 2021
382
1.334
1.716
Debtors
2022
2021
Due within on8 year
Prepayments and accrued income
1.026
2,366
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THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10. Craditors: Amounts falling due wilhin one year
2022
2021
Trade creditors
Other taxation and social security
Other credit￿$
519
3.773
1.080
34.412
723
4.057
1.043
25,538
Accwals and deferred income
39.784
31,361
2022
2021
Deferred income at 1 January 2022
Resources deferred during the year
Amounts released from previous periods
23.138
31,412
123,138)
52.003
23,138
152,003)
Deferred income at 31 December 2022
31,412
23,138
11.
Statement of funds
Statement of funds - current year
Balance at 1
January
2022
Balance at 31
December
2022
Incomo Exponditure
Unrestricted funds
52,005
202,546
(234.492)
20.059
General Funds
Statement of funds - Prior year
Balance at
1 January
2021
Balance at
31 December
2021
Income
Expend5ture
Unrestricted funds
General Funds
80,877
183,518
1212.3901
52,005
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VrbJJkgun*urvTrarwoCbc￿ Ref. 89QLk3NJB-X6PV30 Mw>)23 19..22..16 BST (UTC +110 111 P 18r20
THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
12. Analysis of nei assets between funds
Analysis of net assats betwaan funds- currant year
Unrestricted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
1,197
58,646
{39,784)
1,197
Creditors due within one year
(39,7841
Total
20,059
20,059
Analysis of net assats betwaan funds - prior year
Unrestricted
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
1.716
81.650
131,3611
1,716
81,650
131.361)
Creditors due ￿thin one year
Total
52,005
52,005
13.
Reeonciliation of net movamant in funds to nat eash flow from operating activities
2022
2021
Net expendi￿re for the year las per Statement of Financial Activities)
131,946}
128,872)
Adjustments for:
Depreciation charges
Decrease in debtors
519
1.340
8.423
401
IncreasellDecreasel in creditors
130,418)
Not cash used in operating activities
121.664}
158,080)
Page 16

VrbJJkgun*urvTrarwoCbc￿ Ref. 89QLk3NJB-X6PV30 Mw>)23 19..22..16 BST (UTC +110 111 P 1W20
THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
14. Analysis of cash and cash equivalants
2022
2021
Cash in hand
57.620
79,284
Total cash and cash equivalents
57,620
79,284
15. Analysis of chang8s in not debt
At1
January
2022 Cash flows
At31
Docemb8r
2022
Cash at bank and in hand
79,284
121,664}
57,620
10.
Pension COlVlfWlit¥nents
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 cost
charge represents contributions payable by the charity to the fvnd and amounted to £14,324 {2021=
£12,531). Contributions lotalling £1.080 (2021.. £1,043) were payable at the balance sheet date.
17.
Operatingloase commFtments
At 31 December 2022 the company had cornmitments to make future minimum lease payments under
nOn-Can￿lIable operating leases as follow5.'
2022
2021
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
20.085
80.340
333.076
20.085
80.340
353.161
433,501
453,586
18. Related party transactions
A number of Govemors have children attend the NorNegian Kindergarten in London and nursery
fees are charged in accordance with the nursery charging policy.
There were no other related paty transactions in the year.
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VrbJJkgun*urvTrarwoCbc￿ Ref. 89QLk3NJB-X6PV30 Mw>)23 19..22..16 BST (UTC +110 111 P20r20
THE NORWEGIAN KINDERGARTEN IN LONDON
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
19. Controlling party
In the opinion of the Govemors, Ihere is no controlling party.
Page 18