2021-07-31-accounts - Rainbow Pre-School Caistor

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RAINBOW PRE-SCHOOL

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

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 2021.

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 2021

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 £5,334 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 2021 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 2021

2021 Note Tangible fxed assets 2 13,643 Current assets Bank reserve account 15,167 Bank current account 45,070 Cash account 788 61,025 £74,668 Represented by: Accumulated funds Unrestricted 3 71,290 Restricted 3 3,378 £74,668 These accounts were approved by the Committee of Management on on their behalf.	2020 15,162 15,165 38,859 1,667 55,691 £70,853 67,099 3,754 £70,853 , and signed

Ms T Lingard Chair

RAINBOW PRE-SCHOOL

Receipts and payments account Year ended 31 July 2021

Receipts and payments account Year ended 31 July 2021
		2021			2020
Receipts		Restricted Unrestricted Total			Total
Playschool fees	-		76,217	76,217	71,724
Fundraising	-		-	-	-
Donations	-		-	-	225
Photos	-		-	-	(270)
Interest received	-		2	2	25
WLDC Covid grant	-		-	-	10,000
	£-		£76,219	£76,219	£81,704
Payments
Wages	-		58,045	58,045	57,388
Ground rent	-		-	-	300
Toys and equipment	-		826	826	375
Activities			-	925 925	851
Insurance	-		1,050	1,050	1,045
Food and drink	-		531	531	451
Courses	-		-	-	295
Miscellaneous	-		1,949	1,949	1,644
Heat and light	-		917	917	(669)
Rates and water	-		1,026	1,026	136
Repairs and maintenance	-		2,785	2,785	2,451
Telephone and postage	-		641	641	669
Printing and stationery	-		857	857	480
DBS Checks	-		96	-	-
Accountancy	-		1,176	1,176	1,008
Property repairs	-		-	-	716
Purchase of fxed assets	-		-	-	235
Computer software and maintenance	-		60	60	175
	£-		£70,885	£70,885	£68,888
Net receipts for the year	-		5,334	5,334	12,816
Bank balances brought forward	-		55,691	55,691	42,875

£-

£61,025 £61,025 £55,691

Bank balances carried forward

RAINBOW PRE-SCHOOL

Notes to the accounts at 31 July 2021

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 2020 Additions At 31 July 2021 Depreciation At 1 August 2020 Charge for the year At 31 July 2021 Net Book Value At 31 July 2021 At 31 July 2020	property 10,561 - £10,561 7,522 305 £7,827 £2,734 £3,039	property 10,561 - £10,561 7,522 305 £7,827 £2,734 £3,039	Premises Equipment 33,865 15,515 - - £33,865 £15,515 25,878 11,379 799 415 £26,677 £11,794 £7,188 £3,721 £7,987 £4,136	Premises Equipment 33,865 15,515 - - £33,865 £15,515 25,878 11,379 799 415 £26,677 £11,794 £7,188 £3,721 £7,987 £4,136	Total 59,941 - £59,941 44,779 1,519 £46,298 £13,643 £15,162

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 2021 (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 3,378 10,265 - 61,025 £3,378 £71,298 2021 70,853 5,334 (1,519) - £74,668	Restricted Un- Restricted 3,378 10,265 - 61,025 £3,378 £71,298 2021 70,853 5,334 (1,519) - £74,668	Restricted Un- Restricted 3,378 10,265 - 61,025 £3,378 £71,298 2021 70,853 5,334 (1,519) - £74,668	Total 13,643 61,025 £74,668 2020 59,466 12,816 (1,664) 235 £70,853