NANNY SOLIDARITY NETWORK CIC

Company limited by guarantee

Company Registration Number:
12699890 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

NANNY SOLIDARITY NETWORK CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NANNY SOLIDARITY NETWORK CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

Berta Marti Chicote


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Berta Marti Chicote
Status: Director

NANNY SOLIDARITY NETWORK CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 39,625 40,870
Cost of sales: ( 33,010 ) ( 32,773 )
Gross profit(or loss): 6,615 8,097
Distribution costs: ( 13 )
Administrative expenses: ( 6,839 ) ( 7,458 )
Operating profit(or loss): (237) 639
Interest payable and similar charges: ( 7 ) ( 13 )
Profit(or loss) before tax: (244) 626
Profit(or loss) for the financial year: (244) 626

NANNY SOLIDARITY NETWORK CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 204 306
Total fixed assets: 204 306
Current assets
Debtors: 4 1,167
Cash at bank and in hand: 32,870 16,720
Total current assets: 32,870 17,887
Creditors: amounts falling due within one year: 5 ( 36,032 ) ( 20,907 )
Net current assets (liabilities): (3,162) (3,020)
Total assets less current liabilities: (2,958) ( 2,714)
Total net assets (liabilities): (2,958) (2,714)
Members' funds
Profit and loss account: (2,958) ( 2,714)
Total members' funds: ( 2,958) (2,714)

The notes form part of these financial statements

NANNY SOLIDARITY NETWORK CIC

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 March 2025
and signed on behalf of the board by:

Name: Berta Marti Chicote
Status: Director

The notes form part of these financial statements

NANNY SOLIDARITY NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the donations and grants received or receivable. Grants are only recognised when the general income criteria have been met. Grants receivable are treated in different ways dependant upon their purpose and the terms of the grant.

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Reducing balance: Office Equipment 33%

    Other accounting policies

    Employee benefits Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period. Foreign currency translation Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

NANNY SOLIDARITY NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

NANNY SOLIDARITY NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 459 459
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 459 459
Depreciation
At 1 July 2023 153 153
Charge for year 102 102
On disposals
Other adjustments
At 30 June 2024 255 255
Net book value
At 30 June 2024 204 204
At 30 June 2023 306 306

NANNY SOLIDARITY NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 1,167
Total   1,167

NANNY SOLIDARITY NETWORK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 36,032 20,907
Total 36,032 20,907

COMMUNITY INTEREST ANNUAL REPORT

NANNY SOLIDARITY NETWORK CIC

Company Number: 12699890 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

General description: The Nanny Solidarity Network is a grassroots organisation that endeavours to improve the rights and living conditions of all at home childcare providers. With this aim, it undertakes mutual aid coordination efforts to support au pairs in extreme vulnerability conditions. It takes forward campaigning efforts towards betterment of conditions. And it makes efforts to empower its stakeholders so they can better advocate for themselves on a one to one basis. Besides this, a part of the organisation’s capacity is taken up by the work required to ensure due diligence and organisational upkeep. The Nanny Solidarity Network’s offices are located at 144 Cambridge Heath Road, London, England, E1 5QJ. Yearly activities: Campaigning: This year, NSN has continued to put pressure to scrap the Family Workers Minimum Wage Exemption. This is a particular piece of legislation that we have identified as the enabling force behind a lot of the emergency cases we tackle. The campaign has launched the previous year, and NSN has continued bringing attention to it. Once the exemption is lifted, further action will be taken to empower the community in requesting the minimum wage, as it is now their right. This year, NSN has made an effort to create and foster strong relationships with groups aligned with its goals. Through these relationships, we believe we can increase the reach of campaigning in the coming year. Notably, NSN has been part of The Early Education and Childcare Coalition. Mutual aid: The Nanny Solidarity Network uses private donations to provide emergency housing and food vouchers for au pairs and nannies who have become suddenly unhoused due to firing or are experiencing food rationing by their employers. This welfare program is directed specifically to live-in childcare providers. NSN also utilises its network of members and allies to find longer term accommodation for au airs and nannies that need some time to find other work or earn enough money to be able to pay for housing. Community empowerment: The Nanny Solidarity Network has been establishing relationships with as many possible stakeholders (other nannies and au pairs) and holding events where their grievances can be heard and turned into political education sessions. NSN also spends a significant amount of time connecting with au pairs, as they are the least knowledgeable and most exposed in the workforce. Through social events, stronger connections can be created, more awareness of how they can protect themselves is achieved, and awareness of the aid that we can provide is extended. Organisational upkeep: This year has seen a substantial amount of effort put into growing the organisation’s operations side at the same pace as the network. Organisers and the board of directors meets through the year to review governance and decision-making in order to ensure that the community is heard and the organisation's decisions always follow the community’s interests.

Consultation with stakeholders

The Nanny Solidarity Network considers all the nannies and au pairs who engage with the organisation as stakeholders for their actions. Currently, actions are decided by the Board of Directors based on the informal feedback gathered through the casework and on the ground community events. Once a year, members are invited to a meeting where they can give direct feedback and become more involved in developing the goals and targets for the organisation. As a result of this, NSN participated on the Family Worker Minimum Wage Exemption scrapping campaign, which is still ongoing. A campaign around minimum wage in online marketplaces has been one of the docs areas through the year too. Education campaigns around basic workers rights, specifically around contracts and statutory rights, have been developed. This all has been in addition to the basic functions already defined.

Directors' remuneration

Directors receive no remuneration for their functions as specified in the constitution of the organisation. Of the three directors currently appointed, one is also doing staff-like functions for which they receive a payment of £18.28 per hour, like all staff members.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Berta Marti Chicote
Status: Director