## **RAINBOW PRE-SCHOOL**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2020**
1
## **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.
2
## **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**
3
## **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
4
## **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**
5
## **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||
6
£-
£55,691 £55,691 £42,875
**Bank balances carried forward**
7
## **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|
|---|---|---|---|---|---|
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The charity also owns various equipment used for furthering its aims, the historical cost or value of which is not known.
8
## **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|
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