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2021-03-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 01 April 2020 To 31 March 2021

From

Section A Reference and administration details

Charity name
Other names charity is known by
Registered charity number (if any)
Charity's principal address		 Rainbow Pre-School (Wallingford)
Rainbow Pre-School
1020936
Westgate House
Millington Road
Wallingford
Postcode
OX 10 8FE

Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Alice Walton Committee member
1
Co-chair person
2 Mark Savery Treasurer
3 Jemma Risk Secretary
4 Helen Mount Committee member
5 Lucy Cooksley Committee member
6 Kelsey Proctor Committee member
7 Matthew Rice Committee member
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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)

Georgina Flannigan – Pre-School Manager

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution

Association

How the charity is constituted (eg. trust, association, company) Elected by parents Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

The aims of the Pre-school are to enhance the development and education of children primarily under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.

Section C Objectives and activities

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Summary of the objects of the
charity set out in its
governing document
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)		 The aims of the Pre-school are to enhance the development and
education of children primarily under statutory school age by encouraging
parents to understand and provide for the needs of their children through
community groups and by: (a) offering appropriate play, education and
care facilities, family learning and extended hours groups, together with
the right of parents to take responsibility for and to become involved in
the activities of such groups, ensuring that such groups offer
opportunities for all children whatever their race, culture, religion, means
or ability; (b) encouraging the study of the needs of such children and
their families and promoting public interest in and recognition of such
needs in the local areas; (c) instigating and adhering to and furthering the
aims and objects of the Pre-school Learning Alliance.
Rainbow Pre-School aims to enhance the learning and development of
children, guided by the Early Years Foundation Stage. Our provision
reflects the four overreaching principles for the Statutory Framework for
the Early Years Foundation Stage.
We believe every child is a unique child who is constantly learning and
can be resilient, capable and self-assured
We help children learn to be strong and independent through positive
relationships.
Children learn and develop well in enabling environments, in which their
experiences respond to their individual needs and there is a strong
partnership between practitioners and carers.
Our activities and planning are based around the prime areas of learning:
Personal, Social and Emotional development, Physical Development and
Communication and Language. We also base activities around specific
areas such as: Literacy, Mathematics, Understanding the World and
Expressive Arts and Design.
We are also particularly proud to also offer Forest School to the older
children in the setting.
We also take advantage of our unique location, making use of the local
library and local community events to enhance the learning experiences
of the children.
In March 2020 the setting moved to a newly fitted out, purpose designed
premises

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Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

Rainbow has provided 38 weeks of pre-school sessions between 08.45-16.00 for children aged between 2-4yrs.

The committee this year

The committee have been great this year with making sure they completed all the necessary DBS checks as quickly as possible, read the pre-school constitution, reviewed risk assessments and policies.

As a team we have continued to:

Our top priority is always the safeguarding and welfare of the children and staff. Rainbow is run by parents, for parents.

Thanks to all those parents, friends and family who may have helped out over the year perhaps either helping out with the children with activities or on outings or out in the garden.

We are also endeavouring to work more closely with other pre-school settings in the area, discussing best practice or trying to co-ordinate training activities.

Ofsted

In early 2019 the pre-school was rated as “Good” by Ofsted. There has been no further inspection since.

The Committee are thankful for the continued professionalism of the staff .

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Section D Achievements and performance

Staff

We employ a blend of qualified and un-qualified staff.

We have also welcomed students from local colleges and schools to do work experience here.

The number of years the staff have worked at Rainbow range from 1 year up to 25 years!

We also employ a Qualified Early Years teacher.

Our record of staff retention is a good indicator of Rainbow being a good place to work, with fair remuneration, flexible working hours and good benefits.

It also shows how committed and loyal the staff are to the setting as well.

Staff Training

The committee recognise the importance of staff training and we have continued to invest in staff training.

Forest School

The children of Rainbow benefit greatly from this weekly activity. Amelia continues to be the forest school leader.

The Children

The actual number of children that have enrolled in Rainbow has roughly matched those of previous years and given the challenges we had its pleasing to see such continued support.

Activities

Each term the children have covered a new topic and the staff at Rainbow continue to keep this fresh and varied so that the children continue to learn and develop.

Holiday play-schemes

These continue to be a success, the children have a wide variation of activities to partake in during this time and always have lots of fun!

Community

Rainbow is really involved with community events; this has been curtailed in 2021 as a result of Covid-19.

Fundraising

Fundraising over the last 12 months as a result of many of our fundraising activities not being run, such as the annual fireworks and a reduced number of charities supporting the “Wallingford 1155” sleigh.

COVID-19

The preschool was forced to close, mandated by government legislation in March 2020 at the end of the financial year. The financial impact in the year end March 2021 was around £6,000 as Oxfordshire County Council continued to fund early year places whilst the setting was closed, although income was lost due to holiday clubs not paying, and fees paid by parents not being charged during the closure.

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Section E Financial review

The Committee aim to hold a minimum of six months of running costs in reserves.

Brief statement of the During the year the reserves have increased by around £40,000 to around £155,000. charity’s policy on reserves

Following the year end, the trustees have spent around £15,000 of reserves improving the outdoor space at the setting including the installation of an all-weather surface to maximise outdoor play time.

At 30[th] November 2021 total funds were in the region of £142,000

Reserves are also held to cover any costs incurred regarding closure of the setting i.e. staff redundancies.

Reserves are all held in instant access bank accounts to ensure maximum flexibility.

Details of any funds materially in deficit

Further financial review details (Optional information)

Rainbow’s main income comes from government funded childcare fees for 3-4yr olds. You may choose to include additional information, where Additional funding comes from extra 1-1 funding for children with special requirements, relevant about: pupil premium and additional hours needed by parents for childcare and fundraising.

The main expenditure is staff wages.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

January 2022

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Rainbow Preschool

Statement of financial activity for year end 31 March 2021

Income
Funded Fees Income (Voucherschemes)
Milk Money
Oxon CC 2 years old
Oxon CC 3+ years old
Oxon CC SEND/Pupil premium paym
Paid Fees Income
Playscheme Fees Income
Grant Income relating to Westage House move costs
Total Income
Expense
Advertising & Marketing
Bank Charges
Catering - children
Coronavirus PPE etc
Depreciation of Westgate House assets
Educational Supplies
Employer Pension Contributions
Employers NI
Entertainment
Equipment & Repairs
Garden Expenses
General/Misc Expenses
Insurance
Licenses and Subscriptions
Postage and Delivery
Premises
Printing and Stationery
Professional & Legal Fees
Professional Development
Rent
Repairs Building & Grounds
Salaries
SMP Recovered
Software Expense
Sundries - cleaning materials
Toys & play equipment
Utilities - Electricity & Gas
Utilities - Telecommunications
Utilities - Waste Management
Utilities - Water Rates
Work Clothing
Total Expense
Net Ordinary Income
Other Income/Expense
Other Income
Donations Received
Fundraising Income
Interest Received
Miscellaneous Income
Total Other Income
Other Expense
Fundraising Expense
Total Other Expense
Net Other Income
Surplus for the Year		 2021
1,232
168
23,688
91,561
1,323
25,510
14,347
40,473
198,302
536
71
1,616
426
555
3,711
2,204
4,925
0
523
0
0
1,436
196
23
621
2,417
951
12,713
0
115,720
1,266
243
507
0
782
786
795
291
-
153,315
44,987
1,778
1,529
42
-
3,349
111
111
3,237
48,225		 2020
3,497
318
20,799
90,265
6,215
22,637
11,600
-
155,330
623
96
2,180
-
1,833
1,928
3,543
75
132
452
2,187
1,320
475
211
55,744
834
7,840
1,294
3,203
245
123,971
-
65
1,054
205
3,384
1,356
1,365
582
683
216,880
61,550
-
-
2,444
252
-
2,695
100
100
2,595
58,955
-

All income and expenditure is unrestricted

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Rainbow Preschool

Statement of financial position at 31 March 2021

Charity Reg:
Assets
Fixed Assets
Premises Improvements
Current Assests
Cash at Bank and in hand
Current Account
Deposit Account
Fundraising Account
Total Cash at bank and in hand
Other taxes and social security Receivable
Total Current Assets
Total Assets
Current Liabilities
Accruals
Pensions
Total Current liabilities
Net Assets
Reserves (all unrestricted)
At 1 April
(Deficit) / Surplus in year
At 31 March		 2021
2,221.44
71,754
76,004
7,673
155,431
-
155,431
157,652
-
854
854
156,798
108,573
48,225
156,798		 1020936
2020
0
16,116
88,676
2,760
107,552
1,580
109,132
109,132
-
559
559
108,573
167,528
58,955
-
108,573

Page 10

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