2020-07-31-accounts - Rainbow Pre-School Caistor

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

RAINBOW PRE-SCHOOL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020

RAINBOW PRE-SCHOOL

Report of the Committee of Management Registered Charity Number: 1024196

The Committee of Management present their report and accounts for the year ended 31 July 2020.

Reference and administrative information

The registered name of the charity is Rainbow Pre-School Caistor, and its registered charity number is 1024196.

The Charity may be contacted via:

Mrs D Andrews, 11 Mallard Drive, Caistor, Market Rasen, Lincolnshire. LN7 6SA.

The members of the Committee of Management are:

Ms S O’Leary Chair (retired September 2020) Mrs D Andrews Treasurer Mrs P Tinker Staff Rep Mrs G Hyman Manager

Structure, governance and management

The charity was formed under a constitution adopted on 6 October 1992, and amended in 1997 and 2005.

New trustees are appointed at the discretion of existing trustees, usually from parents of children attending the playgroup.

Objectives and activities

The object of the charity is to enhance the development and education of children under statutory school age in Caistor, North Lincolnshire.

The committee confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Achievements and performance

The playgroup has continued to operate successfully although numbers were down during the year.

RAINBOW PRE-SCHOOL

Report of the Committee of Management Cont’d

Year ended 31 July 2020

Financial review

It is the long term aim of the committee to provide financial stability by holding reserves at a level at least equivalent to one year’s operating costs.

A surplus of £12,816 arose during the year on normal activities.

Signed on behalf of the Committee of Management

Mrs D Andrews

INDEPENDENT EXAMINER’S REPORT TO THE COMMITTEE OF MANAGEMENT OF RAINBOW PRE-SCHOOL

I report to the Trustees on my examination of the accounts of the charity for the year ended 31 July 2020 which are set out on page 4 to 7.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the Charity’s Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records.

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.

Mrs K A Lyth FCCA RNS Chartered Accountants

The Poplars, Bridge Street Brigg DN20 8NQ

RAINBOW PRE-SCHOOL

Statement of assets and liabilities At 31 July 2020

2020 Note Tangible fxed assets 2 15,162 Current assets Bank reserve account 15,165 Bank current account 38,859 Cash account 1,667 55,691 £70,853 Represented by: Accumulated funds Unrestricted 3 67,099 Restricted 3 3,754 £70,853 These accounts were approved by the Committee of Management on on their behalf.	2019 16,591 15,140 26,448 1,287 42,875 £59,466 55,296 4,170 £59,466 , and signed

Ms T Lingard Chair

RAINBOW PRE-SCHOOL

Receipts and payments account Year ended 31 July 2020

Receipts and payments account Year ended 31 July 2020
		2020			2019
Receipts		Restricted Unrestricted Total				Total
Playschool fees	-		71,724	71,724	74,208
Fundraising	-		-	-	30
Donations	-		225	225	120
Photos	-		(270)	(270)	(100)
Interest received	-		25	25	26
WLDC Covid grant	-		10,000	10,000	-
	£-		£81,704	£81,704	£74,284
Payments
Wages	-		57,388	57,388	54,282
Ground rent	-		300	300	300
Toys and equipment	-		375	375	919
Activities			-	851 851		2,301
Insurance	-		1,045	1,045	1,034
Food and drink	-		451	451	542
Courses	-		295	295	190
Miscellaneous	-		1,644	1,644	1,091
Heat and light	-		669	669	(830)
Rates and water	-		136	136	534
Repairs and maintenance	-		2,451	2,451	1,185
Telephone and postage	-		669	669	569
Printing and stationery	-		480	480	272
Staf uniforms	-		-	-	-
Accountancy	-		1,008	1,008	1,170
Property repairs	-		716	716	992
Purchase of fxed assets	-		235	235	144
Computer software and maintenance	-		175	175	299
	£-		£68,888	£68,888	£64,994
Net receipts for the year	-		12,816	12,816	9,290
Bank balances brought forward	-		42,875	42,875	33,585

£-

£55,691 £55,691 £42,875

Bank balances carried forward

RAINBOW PRE-SCHOOL

Notes to the accounts at 31 July 2020

1 Accounting policies

Accounting basis

The accounts are prepared on the ‘receipts and payments’ basis and in accordance with accounting standards, the Charities Act 2011 and the Statement of Recommended Practice on Accounting by Charities (SORP), where applicable. Income for specific projects is credited to restricted funds.

Tangible fxed assets

Expenditure on assets of a permanent nature is capitalised, and depreciation is provided at rates calculated to write off the cost, less estimated residual value of each asset, over its expected useful life, at the following rates:

Expenditure on leasehold property10% per annum, reducing balance Premises 10% per annum, reducing balance Equipment 15% per annum, reducing balance

2 Tangible fxed assets

Expenditure on leasehold

Cost At 1 August 2019 Additions At 31 July 2020 Depreciation At 1 August 2019 Charge for the year At 31 July 2020 Net Book Value At 31 July 2020 At 31 July 2019	property 10,561 - £10,561 7,187 335 £7,522 £3,039 £3,374	property 10,561 - £10,561 7,187 335 £7,522 £3,039 £3,374	Premises Equipment 33,865 15,280 - 235 £33,865 £15,515 24,992 10,936 886 443 £25,878 £11,379 £7,987 £4,136 £8,873 £4,344	Premises Equipment 33,865 15,280 - 235 £33,865 £15,515 24,992 10,936 886 443 £25,878 £11,379 £7,987 £4,136 £8,873 £4,344	Total 59,706 235 £59,941 43,115 1,664 £44,779 £15,162 £16,591

The charity also owns various equipment used for furthering its aims, the historical cost or value of which is not known.

RAINBOW PRE-SCHOOL

Notes to the accounts at 31 July 2020 (continued)

3 Allocation of net assets between funds

4	Tangible fxed assets Current assets Reconciliation: Funds brought forward Surplus for the year Depreciation Fixed asset additions Funds carried forward	Restricted Un- Restricted 3,754 11,408 - 55,691 £3,754 £67,099 2020 59,466 12,816 (1,664) 235 £70,853	Restricted Un- Restricted 3,754 11,408 - 55,691 £3,754 £67,099 2020 59,466 12,816 (1,664) 235 £70,853	Restricted Un- Restricted 3,754 11,408 - 55,691 £3,754 £67,099 2020 59,466 12,816 (1,664) 235 £70,853	Total 15,162 55,691 £70,853 2019 51,874 9,290 (1,842) 144 £59,466