2021-08-31-accounts

Charity Registered Number: 1056911

Rainbow (Long Sutton)

Trustees’ Report and Statement of Financial Accounts and Balance Sheet For the Year Ended 31 August 2021

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Rainbow (Long Sutton)

	Contents
Legal and Administrative Information
3
Trustee’s Report		4 & 5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Accounts		8
Independent Examiner’s Report		9

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Rainbow (Long Sutton)

Legal and Administrative Details

Registered Charity Number:	1056911
Address:	84 Little London
	Long Sutton
	Spalding
	Lincolnshire
	PE12 9LF
Telephone Number:	01406 364 411
Trustees:	Ms. J. Webb
	Mr. D. Pateman
	Dr. S. Bowen
Independent Examiners:	D E Accounting & Payroll Services Limited.,
	32 Willesby Road
	Spalding
	Lincolnshire
	PE11 2AX
Bankers:	Barclays Bank plc.,
	Market Place
	Long Sutton
	Spalding
	Lincolnshire
	PE12 9JD

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Rainbow (Long Sutton)

Trustee’s Report

OBJECTIVES

The objectives of the charity are:

To create a secure, friendly and stimulating environment for children ages from three (3) months to five (5) years (until the term after their 5th birthday),

To involve parents and carers in the community based group whereby children are encouraged to socialise and learn through play,

To provide a framework which ensure equality of opportunity for all children and families,

To advance the professional development of individuals working in the nursery.

In the setting, our objectives and planning our activities, our trustees have given careful consideration to the Charity Commission general guidance on public benefit.

The charity hold in trust certain principles:

To respond to the needs of all groups within the community, to offer all possible opportunities to help those in need, to obtain access to education in local areas.

To work within our local community to ensure the continued development of the education for the younger generation.

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is governed by constitution and is run as an unincorporated charity.

The trustees shall hold office until:

Death,

Retirement with consent of the remaining trustee members,

Removal by resolution of the nursery after ratification by the Trustee or,

Removal by operation of the law.

TRUSTEES

The Charity Trustees during the year were:

Ms. J. Webb Mr. D. Pateman Dr. S. Bowen

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Rainbow (Long Sutton)

Trustee’s Report (Continued)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and to apply them consistently, Observe the methods and principles in the Charities SORP, Make judgements and estimates that are reasonable and prudent,

State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,

Prepare the financial statements on a going concern basis, unless it is inappropriate to presume the charity will continue in business.

The trustees are responsible for keeping sufficient accounting records that disclose, with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Rainbow (Long Sutton)

Statement of Financial Activities For The Year Ended 31 August 2021

Donations Fees Fundraising Grants Other Income Interest Received Total Income Expenditure Wages and National Insurance Baby Unit Costs Equipment Administration Costs Fundraising Expenses Consumables General Maintenance Insurance Light and Heat Subscriptions Rent Miscellaneous Total Expenditure Available funds in respect of grant received - in year Available funds in respect of grant received - brought forward Transfers from unrestricted to restricted Available funds in respect of grant received - carried forward	Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - -	Unrestricted Funds £ 14,752 312,863 660 230 4,120 - 332,625 265,954 2,160 7,826 6,502 577 9,898 13,991 2,493 2,473 1,913 5,925 7,310 327,022 5,603 188,353 - 193,956	Total 2021 £ 14,752 312,863 660 230 4,120 - 332,625 265,954 2,160 7,826 6,502 577 9,898 13,991 2,493 2,473 1,913 5,925 7,310 327,022 5,603 188,353 - 193,956	Total 2021 £ 14,752 312,863 660 230 4,120 - 332,625	Total 2020 £ - 275,548 1,612 1,421 1,326 109 280,016 237,146 5,484 2,539 5,821 632 5,493 15,159 2,265 1,744 2,183 5,925 163 284,554 (4,538) 192,849 - 188,311

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Rainbow (Long Sutton)

Statement of Assets and Liabilities as at 31 August 2021 Restricted Unrestricted Total Funds Funds 2021 £ £ £ Non Current Assets Fixed Assets - - - Current Assets Current Account - 89,279 89,279 Deposit Account - 105,286 105,286 Cash In Hand - - - Total Income - 194,565 194,565 Current Liabilities Accruals 365 Total Assets 194,200 Restricted Funds - Unrestricted Funds 194,200 194,200	Total 2020 £ - 83,676 105,042 - 188,718 365 188,353 - 188,353 188,353

Approved by the Board of Trustees on……………………………………………………..and signed on its behalf by:

Chairman

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Rainbow (Long Sutton

Notes to the Financial Statements for the Year Ended 31 August 2021

1. Principle Accounting Policies

a) Basis of Preparation

The financial statements of the Charity are prepared in accordance with The Charities Act 2011 and the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in 2005 (SORP) and with applicable accounting standards. The financial statements are drawn up on the historical cost basis.

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Rainbow (Long Sutton)

Independent Examiner’s Report to the Trustees for the Year Ended 31 August 2021

I report on the accounts of the Charity For The Year Ended 31st August 2021, Charity Number 1056911 which are set out on pages 1 to 6.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year, under section 144(2) of the Charities Act 2011 (the 2011 act), and that an independent examiner is needed.

It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act,

Follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and

State whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts; seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with m examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that in any material respect the requirements to:

2. a) keep accounting records in accordance with section of the Act; and

3. b) prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met, or:

1. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.

Dendy Choma Signed:.... ................................. Director & Accountant 32 Willesby Road Spalding Date:...... ….................. Lincolnshire PE11 2AX

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