Rainbow Early Years
TREASURERS REPORT 2023
the Financial Year Ending 31[st] August 2023
The accounts, for the year ending 31[st] August 2023, have been produced for presentation to the Trustees of the pre-school and the final copies of the Balance Sheet and Income and Expenditure report are attached at the end of this report.
The Income and Expenditure Account shows the operating income and expenditure for the year. During the financial year the group has
| Received income of | £112,719 |
|---|---|
| From which there has been expenditure of | £140,293 |
| Resulting in a deficit of | £ 27,574 |
By comparison with the previous financial year, where there was a surplus of £19619 this shows a difference in operating profits of over minus £47,000. Significant factors causing this include a reduction in the number of children attending and a necessary investment in equipment, building works and staffing to bring the education quality and accommodation up to standard.
The Balance Sheet As at 31[st] August 2023 shows the book balance of monies held by the PreSchool as follows:-
| Lloyds Bank Treasurers Current Account | £16,810 |
|---|---|
| Lloyds Deposit Account | £36,831 |
| Operating cash income held in petty cash | £ -275 |
| Giving total cash assets of | £53,366 |
| The Pre-school has outstanding debtors to the value of | £ 2,576 |
| Therefore the total current assets are | £55,942 |
| However, there are current liabilities amounting to | £ 3,431 |
| Resulting in net assets of | £52,511 |
Continued
Accumulated fund
It should be noted that of the accumulated fund figure certain amounts are required to be held in the event of closure. These amounts are for
| Redundancy and notice contingency | £ 9,040 |
|---|---|
| Building disposal and making good the land | £15,000 |
| Grant/fee reimbursement | £ 8,717 |
| 3 months funning costs | £ 5,909 |
| Ringfenced amounts: | |
| Fundraising | £ 2,222 |
| Grants and Donations (lottery grant) | £ 6,630 |
| ISF funding | £ 1,768 |
| Giving a total reserved amount of | £49,286 |
| Leaving a general unreserved fund to carry forward of | £ 3,226** |
| Resulting in a total accumulated fund to carry forward of | £52,511 |
Resulting in a total accumulated fund to carry forward of
** Note that there is a commitment of expenditure for the next 5 years to Citation Limited for Health and Safety and HR support, put in place prior to the current management structure of the pre-school, of a minimum of £3253 (charged for March 2023 to February 2024) increasing by the greater of RPI or 3%. At a minimum the setting is looking at the following minimum amounts committed per year
| 2023-2024 | £ | 3,253 |
|---|---|---|
| 2024-2025 | £ | 3,351 |
| 2025-2026 | £ | 3,452 |
| 2026-2027 | £ | 3,556 |
| 2027-2028 | £ | 3,663 |
Continued
Rainbow Early Years Pre-school Income and Expenditure Account
Charity Registration Number
1016250
For the year ended 31 August 2023
| Receipts Fees WC Grant Funding Milk Grant EYPP ISF Income DAF Income EYPDP Free School Meals Income Uniform/Clothing Income Sundry PPE Income Training Trips Interest Received Fundraising Income Grants and Donations Rounding adjustment TOTAL RECEIPTS Payments Uniform/Clothing Spend DBS Checks Milk Spend Consumables Food Consumables Staff refreshments Licences Cleaning Memberships and Subscriptions Repairs and Renewals Snack Costs PPE spend Electricity Water Rates Rates Office Costs Web Hosting Equipment Internet & Telephone Printing Advertising and Promotion Leasing Payments Accountancy Fees Bank/Finance Charges Legal and professional fees Insurance Health and Safety Human Resources Refuse costs Motor Expenses Grants and Donations Spend Free School Meals Spend EYPDP Spend ISF spend EYPP spend DAF spend Fundraising spend Staffing Staff Salaries Employers NI Pension Employers Staff Training Staff Uniform and Clothing Bad Debts Written Off Rounding adjustments TOTAL PAYMENTS SURPLUS INCOME OVER EXPENDITURE Running Costs Other income Fundraisi ng Childcare income |
£ £ £ 14,511 90,092 90 2420 1800 0 0 108,913 2570 121 0 0 0 0 191 2882 424 500 924 112,719 112,719 32 195 38 6442 783 65 153 0 909 2590 0 0 3389 451 587 127 146 5794 571 16 58 0 3271 88 0 1862 3339 1534 504 476 3860 2570 0 32 2420 0 380 42682 94,968 0 1,489 1,046 103 97,606 140,288 5 140,293 -27,574 2022-2023 |
£ £ £ 14,511 90,092 90 2420 1800 0 0 108,913 2570 121 0 0 0 0 191 2882 424 500 924 112,719 112,719 32 195 38 6442 783 65 153 0 909 2590 0 0 3389 451 587 127 146 5794 571 16 58 0 3271 88 0 1862 3339 1534 504 476 3860 2570 0 32 2420 0 380 42682 94,968 0 1,489 1,046 103 97,606 140,288 5 140,293 -27,574 2022-2023 |
£ £ £ 14,511 90,092 90 2420 1800 0 0 108,913 2570 121 0 0 0 0 191 2882 424 500 924 112,719 112,719 32 195 38 6442 783 65 153 0 909 2590 0 0 3389 451 587 127 146 5794 571 16 58 0 3271 88 0 1862 3339 1534 504 476 3860 2570 0 32 2420 0 380 42682 94,968 0 1,489 1,046 103 97,606 140,288 5 140,293 -27,574 2022-2023 |
£ £ £ 20,827 116,356 328 2012 3500 800 1000 144,823 1920 67 0 1000 0 0 1 2988 89 9990 10,079 157,890 157,890 231 201 363 3245 47 143 501 780 985 1473 547 1455 1749 312 71 8 1746 508 39 264 400 5796 99 2629 1840 171 504 108 0 1920 1000 3500 2012 800 393 35840 98,143 0 1527 2491 270 102,431 138,271 0.00 138,271 19,619 2021-2022 |
|
|---|---|---|---|---|---|
| -27,574 |
Rainbow Early Years Pre-school
Charity Registration Number
1016250
Balance Sheet
As at 31 August 2023
| £ £ 2022-2023 |
£ £ 2022-2023 |
£ £ 2021-2022 |
||
|---|---|---|---|---|
| Current Assets Bank Lloyds Current Account Lloyds Deposit Account Manager's Large Purchases Account Petty Cash held Debtors Less Creditors other creditors Net assets Total Funds Accumulated Reserves bf Net profit/(loss) Year end adjustment Total funds Held as Ringfenced Reserved Funds ISF EYPP DAF EYPDP Grants and Donations Fundraising Reserved contingency Fund Closure Costs:- Redundancy and notice Building Disposal Grant/fee reimbursement 3 months running costs Unreserved |
16,810 36,831 0 -275 53,366 2,576 3,431 -855.00 52,511 80,085 -27,574 0 52,511 1,768 0 0 0 6,630 2,222 9,040 15,000 8,717 5,909 49,286 3,226 52,511 |
49,608 36,644 586 -607 86,231 385 6,531 -6,146.00 80,085 60,466 19,619 0 80,085 0 0 0 0 9,990 2,178 8,537 15,000 11,432 47,137 32,949 80,085 |
||
| 52,511 |
Ralnbow Earl¥Y•ar5 Pr+schDoI Income and Expen¢lture Account (harftyR15traE1OUrntser t6250 For th¢ year ended 31 AvBts*t 2023 2022-2023 2021-2022 Recelpts Chlldcare PeE5 Income WCGtsnt Fundln8 MllkGrani EYPP ISF Incorne DAF Income EYPDP FreeSchool MeaL% Intorne Uniforrnlclothlng Income Sundry PPE Income Tralnln Trtps Interest Recel¥Èd Fundralsin Fundralslnglncome Grants and Donaiions 14.5LI 90.C82 20,827 116,356 328 2011 3500 2420 108,913 IfKK) 144.823 1920 67 Other Income 2570 121 191 2882 2988 424 89 999) 924 112.719 10,079 157.8 Roundlng adJu5tment roTAL RECEIPTS Payments Runnlni un01/a0th1n1Spend D8SChecks MllkSpÈnd ConsumJbles Fe Con5umable5 Ststtrefreshments ¢Ences 111719 157.890 32 195 38 231 201 3&4 3245 783 47 143 501 153 Membershlp5andgJbscriptions RepaSrsand Rene15 5nackCosts PPE Spend Eiectrititv WaterR41es Rhies OffIcO$ts Weè Hostin8 EqulpmEnt InternEt&Tekphone 2590 985 L473 547 1455 1749 312 71 3389 451 S87 127 146 5794 S71 16 1746 508 39 764 Advertl5in8and Promotion Le431n8 PayThents Aicounrancy Fees ganVFiThan Charles Le831 ?nd professtonal fees Insurance e41th 4DdSafety Hurnan Resources Refuse costs MotorExpenses Grantsand DDhad$Snd FeschOtsI MeaLsSpend EYPDP Spend 3271 5796 99 2629 62 3339 1534 504 476 3860 2S70 171 504 1920 32 2420 35 2012 EYPP 5PÈnd DAF Spend FundrèSsin8spÈnd 380 393 42682 35840 Stafflnz stsf[SalaeS 94.968 98,143 Pensitsn Employer5 StsrfTraining Stsff Unlfom)andClothin8 1527 2491 270 1.046 103 97,606 140,28& 102,431 138.271 Bad Deètswrfttenoff Rounding adjustments TOTAL PAYMENTS SIJRPLUS INCOMÉ OVER EXPENDITiIRE 140,293 -27.SY4 138.271 19.619
Ralnbow Early Years Pre4chool Balance Sheet As at 31 August 2023 Charlty Re61stratlon Number 1016250 2022-2023 2021-2022 Current Assets Bank Uoyds Current Account Lloyds Deposit Account Manager's Large Purchase5 Account Petty Cash held 16.810 36,831 49,608 36,644 586 -607 -275 53,366 86,231 Debtors Less CreditOfS other credltors 2.576 385 3,431 6.531 .855.DJ 52,511 -6,146.00 80,085 Net assets Total Funds Accumulated Reserves bl Net profltlllossl Year end adjustment 80,085 -27,574 60.466 19,619 Total fund$ 52,511 80,085 Held as Rlngf•n¢•d R•#•rved Fund• ISF EYPP DAF EYPDP Grants and Donatlons Fundralslng Re$•rved contlngency Fund C105ure Costs'.- Redundancy and notl Buildlng Dlsposal Granvfee reimbursement 3 months running costs 1.768 6,630 2,222 9,990 2,178 8,537 15,000 11.432 15,000 8,717 5,909 49,286 47,137 Unreserved 3,226 52,511 32,949 80,085
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Rainbow Early Years Pre-school On accounts for the year ended 31" August 2023 Charity no {tf any) 1016250 Set out on pages I report to the trustees on my examination of the accounts of the above Charity I'the Trust") for the year ended 3110812023. Responslbllities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(b} of the Act. Independent I have completed my examination. I confirm that no malerial matters have examiner's statsment Gome lo my attention in connection with the examination (other Ihan that disclosed below '} which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance wilh section 130 of the Charities Act., or Ihe accounts did not accord with the accounting records,. or the accounts did not comply with Ihe applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter Considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: P Turner Relevant professional qualificationls) or body (if any): Address: 1 Stonelea Hilperton Wiltshire IER Oct 2018
Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidan for examiners). Glve here brief details of any items that the examinerwishes to disclose. IER Oct 2018