## **Rainbow Early Years** ## **TREASURERS REPORT 2024** ## **the Financial Year Ending 31[st] August 2024** The accounts, for the year ending 31[st] August 2024 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|£141,388| |---|---| |From which there has been expenditure of|£118,320| |**Resulting in a surplus of**|**£ 23,068**| By comparison with the previous financial year, where there was a deficit of £27,574 this shows a difference in operating profits of over plus £50,642. A significant increase in uptake of sessions and less need to spend on equipment in this financial year, due to a high spend in the previous year, has helped to achieve this difference, along with a grant of £1,800 from St. James Trust and a massive fundraising effort by both the staff and trustees resulting in a surplus in fundraising income over spend of £2,957. The **Balance Sheet** As at 31[st] August 2024 shows the book balance of monies held by the PreSchool as follows:- |Lloyds Bank Treasurers Current Account|£ 6,510| |---|---| |Lloyds Deposit Account|£67,306| |Operating cash income held in petty cash|£ 80| |Manager’s Large Purchases Account|£ 2501| |**Giving total cash assets of**|**£74,146**| |The Pre-school has outstanding debtors to the value of|£ 5,8712| |**Therefore the total current assets are**|**£84,455**| |However, there are current liabilities amounting to|£ 4,438| |**Resulting in net assets of**|**£75,579**| ## Continued 1The Manager’s large purchase account has been set up to record the withdrawal of petty cash funds in August 2023 by the then manager of the setting (this is not the current manager) to purchase equipment on behalf of the pre-school. The items purchased or a reimbursement of the amount held are still awaited. 2 The debtors figure is made up of £137 outstanding fees and £5,734 to be reimbursed from HMRC for PAYE refund due to SMP. HMRC have been contacted for repayment. ## **Accumulated fund** It should be noted that of the accumulated fund figure contains amounts are required to be held in the event of closure. These amounts are for |Redundancy and notice contingency|£ 17,310| |---|---| |Building disposal and making good the land|£ 15,000| |Grant/fee reimbursement|£ 10,594| |3 months funning costs|£ 4,504| |Ringfenced amounts:|| |Fundraising|£ 5,179| |Grants and Donations (lottery grant)|£ 6,099| |**Giving a total reserved amount of**|**£ 58,686**| |Leaving a general unreserved fund to carry forward of|**£ 16,893****| |**Resulting in a total accumulated fund to carry forward of**|**£ 75,579**| ** Note that there is a commitment of expenditure for the next 4 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 £3412 (charged for March 2024 to February 2025) increasing by the greater of RPI (4.81% at the time of reporting) or 3%. At a minimum the setting is looking at the following minimum amounts committed per year |2024-2025|£|3412| |---|---|---| |2025-2026|£|3515| |2026-2027|£|3620| |2027-2028|£|3729| These amounts are budged for within annual expenditure. Continued **Rainbow Early Years Pre-school Income and Expenditure Account** **Charity Registration Number 1016250** **For the year ended 31 August 2024** |**Receipts**
Fees
WC Grant Funding
Milk Grant
EYPP
ISF Income
DAF Income
Free School Meals Income
Uniform/Clothing Income
Sundry
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
adjustment rom prev fy
Snack Costs
Electricity
Water Rates
Rates
Office Costs
Web Hosting
Equipment
Internet & Telephone
Printing
Advertising and Promotion
Leasing Payments
Accountancy Fees
Bank/Finance Charges
Insurance
Health and Safety
Human Resources
Refuse costs
Motor Expenses
Grants and Donations Spend
adjustment rom prev fy
Free School Meals 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
Fundraising
Childcare income|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024||£
£
£
14,511
90,092
90
2420
1800
0
0
108,913
2570
121
0
0
0
191
2882
424
500
924
112,719
**112,719**
32
195
38
6442
783
65
153
0
909
2590
0
3389
451
587
127
146
5794
571
16
58
0
3271
88
1862
3339
1534
504
476
3860
2570
32
2420
0
380
42682
94,968
0
1489
1046
103
97,606
140,288
5
**140,293**
**-27,574**
2022-2023| |---|---|---|---|---|---| ||||||| ||||||| ||||**23,068**||| **Rainbow Early Years Pre-school Balance Sheet** **Charity Registration Number 1016250 As at 31 August 2024** **----- Start of picture text -----**
2023-2024 2022-2023
£ £ £ £
Current Assets
Bank Lloyds Current Account 6,510 16,810
Lloyds Deposit Account 67,306 36,831
Manager's Large Purchases Account 250 0
Petty Cash held 80 -275
74,146 53,366
Debtors 5,871 2,576
Less Creditors
other creditors 4,438 3,431
1,433.00 -855.00
Net assets 75,579 52,511
Total Funds Accumulated Reserves bf 52,511 80,085
Net profit/(loss) 23,068 -27,574
Year end adjustment 0 0
Total funds 75,579 52,511
Held as Ringfenced Reserved Funds
ISF 0 1,768
EYPP 0 0
DAF 0 0
Grants and Donations 6,630
Lottery 4,299
St James Trust 1,800
Fundraising 5,179 2,222
Reserved contingency Fund
Closure Costs:-
Redundancy and notice 17,310 9,040
Building Disposal 15,000 15,000
Grant/fee reimbursement 10,594 8,717
3 months running costs 4,504 5,909
58,686 49,286
Unreserved 16,893 3,226
75,579 52,511
**----- End of picture text -----**
## **Rainbow Early Years** ## **TREASURERS REPORT 2024** ## **the Financial Year Ending 31[st] August 2024** The accounts, for the year ending 31[st] August 2024 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|£141,388| |---|---| |From which there has been expenditure of|£118,320| |**Resulting in a surplus of**|**£ 23,068**| By comparison with the previous financial year, where there was a deficit of £27,574 this shows a difference in operating profits of over plus £50,642. A significant increase in uptake of sessions and less need to spend on equipment in this financial year, due to a high spend in the previous year, has helped to achieve this difference, along with a grant of £1,800 from St. James Trust and a massive fundraising effort by both the staff and trustees resulting in a surplus in fundraising income over spend of £2,957. The **Balance Sheet** As at 31[st] August 2024 shows the book balance of monies held by the PreSchool as follows:- |Lloyds Bank Treasurers Current Account|£ 6,510| |---|---| |Lloyds Deposit Account|£67,306| |Operating cash income held in petty cash|£ 80| |Manager’s Large Purchases Account|£ 2501| |**Giving total cash assets of**|**£74,146**| |The Pre-school has outstanding debtors to the value of|£ 5,8712| |**Therefore the total current assets are**|**£84,455**| |However, there are current liabilities amounting to|£ 4,438| |**Resulting in net assets of**|**£75,579**| ## Continued 1The Manager’s large purchase account has been set up to record the withdrawal of petty cash funds in August 2023 by the then manager of the setting (this is not the current manager) to purchase equipment on behalf of the pre-school. The items purchased or a reimbursement of the amount held are still awaited. 2 The debtors figure is made up of £137 outstanding fees and £5,734 to be reimbursed from HMRC for PAYE refund due to SMP. HMRC have been contacted for repayment. ## **Accumulated fund** It should be noted that of the accumulated fund figure contains amounts are required to be held in the event of closure. These amounts are for |Redundancy and notice contingency|£ 17,310| |---|---| |Building disposal and making good the land|£ 15,000| |Grant/fee reimbursement|£ 10,594| |3 months funning costs|£ 4,504| |Ringfenced amounts:|| |Fundraising|£ 5,179| |Grants and Donations (lottery grant)|£ 6,099| |**Giving a total reserved amount of**|**£ 58,686**| |Leaving a general unreserved fund to carry forward of|**£ 16,893****| |**Resulting in a total accumulated fund to carry forward of**|**£ 75,579**| ** Note that there is a commitment of expenditure for the next 4 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 £3412 (charged for March 2024 to February 2025) increasing by the greater of RPI (4.81% at the time of reporting) or 3%. At a minimum the setting is looking at the following minimum amounts committed per year |2024-2025|£|3412| |---|---|---| |2025-2026|£|3515| |2026-2027|£|3620| |2027-2028|£|3729| These amounts are budged for within annual expenditure. Continued **Rainbow Early Years Pre-school Income and Expenditure Account** **Charity Registration Number 1016250** **For the year ended 31 August 2024** |**Receipts**
Fees
WC Grant Funding
Milk Grant
EYPP
ISF Income
DAF Income
Free School Meals Income
Uniform/Clothing Income
Sundry
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
adjustment rom prev fy
Snack Costs
Electricity
Water Rates
Rates
Office Costs
Web Hosting
Equipment
Internet & Telephone
Printing
Advertising and Promotion
Leasing Payments
Accountancy Fees
Bank/Finance Charges
Insurance
Health and Safety
Human Resources
Refuse costs
Motor Expenses
Grants and Donations Spend
adjustment rom prev fy
Free School Meals 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
Fundraising
Childcare income|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024|£
£
£
20,560
106,566
0
1827
5400
828
135,181
0
230
0
0
0
474
704
3703
1800
5,503
141,388
**141,388**
157
168
0
3863
36
7
376
0
414
1909
-32
0
3496
477
863
0
204
2000
655
3
58
200
3304
202
841
1644
1802
532
91
-1415
113
0
7168
1827
828
746
32537
83,252
0
1,454
922
71
85,699
118,236
83
1
**118,320**
**23,068**
2023-2024||£
£
£
14,511
90,092
90
2420
1800
0
0
108,913
2570
121
0
0
0
191
2882
424
500
924
112,719
**112,719**
32
195
38
6442
783
65
153
0
909
2590
0
3389
451
587
127
146
5794
571
16
58
0
3271
88
1862
3339
1534
504
476
3860
2570
32
2420
0
380
42682
94,968
0
1489
1046
103
97,606
140,288
5
**140,293**
**-27,574**
2022-2023| |---|---|---|---|---|---| ||||||| ||||||| ||||**23,068**||| **Rainbow Early Years Pre-school Balance Sheet** **Charity Registration Number 1016250 As at 31 August 2024** **----- Start of picture text -----**
2023-2024 2022-2023
£ £ £ £
Current Assets
Bank Lloyds Current Account 6,510 16,810
Lloyds Deposit Account 67,306 36,831
Manager's Large Purchases Account 250 0
Petty Cash held 80 -275
74,146 53,366
Debtors 5,871 2,576
Less Creditors
other creditors 4,438 3,431
1,433.00 -855.00
Net assets 75,579 52,511
Total Funds Accumulated Reserves bf 52,511 80,085
Net profit/(loss) 23,068 -27,574
Year end adjustment 0 0
Total funds 75,579 52,511
Held as Ringfenced Reserved Funds
ISF 0 1,768
EYPP 0 0
DAF 0 0
Grants and Donations 6,630
Lottery 4,299
St James Trust 1,800
Fundraising 5,179 2,222
Reserved contingency Fund
Closure Costs:-
Redundancy and notice 17,310 9,040
Building Disposal 15,000 15,000
Grant/fee reimbursement 10,594 8,717
3 months running costs 4,504 5,909
58,686 49,286
Unreserved 16,893 3,226
75,579 52,511
**----- End of picture text -----**
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of Rainbow Early Years Pre-school On accounts for the year ended 313t August 2024 Charity no (If any) 1016250 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('the Trust.) for the year ended 3110812024. Respon81bilities and basis of report As the chaiity'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 Trusvs accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Indep8ndent I have completed my examination. I confirm that no material matters have examinerfs Statement come to my attention in connection wrth the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with 8ection 130 of the Charrties Act. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Account8 and Reports) Regulations 2008 other than any requirement that the accounts give a ttrue and fair, view which is not a matter considered as part of an independent examination. I have no conGems 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. P18ase d818te th8 words in the brackets rf they do not apply. Slgned: Date: Name: P Tumer Relevant professional qualification(s) 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 con￿rn (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018