Trustees Report and Accounts Rainbow Community Nursery For the year ended 31 March 2024 Contents Trustee5' RepL)rl and Accounts Loe31 Jnd Adminptrjtivo Inlormjtinn Trus¢ees' Annual Report Repori ol thè Trusiees Report of ihe Independent Examiner io Slatement of Financial Aclivilies li siatement ol Financial PosSiion 12 Notes to the Financial Statements 16 Income and Expenditure YtU¥l•*% Iltytyt JndA<£ourtts It*r*t•4vCoffnoity Nurwry J) oe¢ X24 P•y2vlJT Trustees, Report and Accounts Rainbow Community Nursery Forthe year ended 31 March 2024 CHARITY REGISTRATION NO: 1085201 COMPANY REGISTRATION NO.. 04088S80 IACOMPANY LIMITED BY GUAFi4NTEEI Tiu3M AeplnondA￿¥YTh1$ 30 D*c 2114 P*o3ollY Legal and Adminstrative Information Rainbow Community Nursery Forthe year ended 31 March 2024 CIIARITY RCGISTRATION NUMEJER: 1085201 COP4PANY RCGISTRATION NO., 04088580 IA COMPANY LIMITED BY GUARANTEEI REGISTERED OFFICE Yorkshlre Grove Eslaie 22-26 Nevill RoJd Stoke NewinEion Londors N16 8SP TRUSTEES: Deirdre Scantlebury Diane Abbott ChrisLane Adam Han DIRECTORS: Delfdre Scantlebyry M8rv8 Anioine INDEPENDANT EXAMINER Allen Robyrt & Associat(&s Limited Chartered Cerlilivd Accounlaiiis 367 Caledonian Road London N7 9DQ Ttb51•*5 R*5￿ and k¢owots R•thlK*Cornrnunlly I4￿lS Oec 2Q24 P¥e40117 Trustees, Annual Report Rainbow Community Nursery For the year ended 31 March 2024 The Trusteés present their report with th* finJnciJl staiement5 of the chJrify lor ihe year endèd 31st March 2024 and confimi Ihey comply with Ihe reqliiremenis ol Ihe Charities Aci 2011, the Trus1 Deed and Ihe ChArilies SORP IFRS 102) Purpose •nd Almj Our Charity's purpose, ès sei in the objects clau5È in Ihe company memorondum ol association, is lo provide lull.lime and part.lime daycarg lacililie4 and pdiicalion for childr?n beiween three month% and live years old. To edvcaie ihe pvblic in promoiinB and improvising nursery lacilities within the community, To advance educalion and Ifoining in childcare Ensurlng ourWO￿ d*llvors our almi The charity's rnain objeclives are to piovide aflofdable childc3re lo l¢)W*income and workinE parents and a supportive environment For the children and parent51carer5, Create stimulating child-centred activities to 5VPPOrt development need5 and bilities and value their cultufal background while challenglng their learning capabilliies. The provision has conslstently achieved outstanding statvs in its OF5TED inspection. Publlc Beneflt Statement The company meeis thè Ch3riTy Commission public benefit Cfiteri3 IOT advancinB children'5 edijcètion in the local area and community devplopme.nt obieclives. Tho Irustees have complied with the duty in section 14 01 the Chaiily Act 2011 wilh regard lo public benelil EU idance published by the Charities Comm Ission. hlevemenls Workinz in parinership with pJrenis, carers, and f3milie51s an inie8ral part ol Ralnbow Nursery,, il has formed the loundation of Ihe nursery and lake5 pride in valuing and respecting ihe inlluènliJl and enduiinR coniribulion ihey makè 10 their children's developmèni. well-beiny, ond leornin£. Howevei. we have idènlilled wlih the Covld resiriclions being lilied that the early years team needed io reconnect wilh chlldren's parènts and theif I,)mlll*s Some ol ihp .Icrion4 h.Ivp implèmentèd lire encourJcing the parents and (heir lamilies io aiiend a ran8è ol stay-and.play Ociivilies in their key group5, We have hosied a bllingual lorum for parents to discuss how we can support iheir children's home languoge. The feedback from all ol our new Initlatives has been very posilive and welcoming for similar aclivitieglevents. tlvltlos lor th• y••r Rainbow provides o sale. welcomlng, purposeful, stimuliltin8 and encoiiray'n8 énvironm•n¢ where children leel confidenl and secure and can develop and learn. This is evidenl wtihin Ihg.seflin8 Jnd ren*ct*d in our high demand lor nursery plJces,' we are I lull capacity. The nursery accommodates 47 children a day Ifom 3 rnonihs lo S yeois of J80. Thè nursèry provides a ran8e of stim411atin2, ¢hild.cèntred activities. which are boih thild-led and aduli.initiai@d f*xperiences. activities and play opporlunitles indoors, ouidoors and in oul-tsl-sellin8 cnntpxts. which enable the thildren to achie¥e these gool3. Some ol ihe aclivliies ihe childien participate in are: Yogo Forest School Tlny Symphonies Tm51¢es RepN141hl kcouilis Rainbo* CornrnL#thy Nui )DDq¢2024 P•É• 501 17 Ti¥st•es'AMy41 Report Chlldren's ￿arnIngout(OM•s The Nursery Siiive5 10 improve ihe leaininR Outcomes lor children by locusin% on Ihree key alea5. These weffe Maihemalics (Numbors. SPI)te and rneasijrol. PoTsoni)I. soci￿)1,]nd EmoiionJl Dovolopmoni ISoll.conl*denco and sell.JwJr(*nossl and Communication and To suppoil the chbldfen in these key afeas, the pracliliongr% provided J rJn8e ol stlmulaiin8 atliviti@s ihal developed iheiT mJihemJtical undwstondinp. and ihe use ol lanBuar.e. To also encourage the children 10 expiess themsèlves conlidently wilh iheir peers Worklng In p•rtnershlp wlth pJrentslcar*rs Workine in partnership wilh parents, Ciirers and FJmilie5 1% an integral part of RJinbow Nursery,. it has formed the foundation of the niirsery ¢1nd lakes pride in V411uine lind r?spectin8 the influential ¢ind endurin8 contribulion they make to their children's development. well.being and learning. Ai Rainbow, we105ter these parinershlps and Involve ihpm in Iheir chlld's l?Jrnin8 lourney. Safegulrdlni The nursery is aware of the important role of current legal requirements, national policies and guidènce on health and safety, saleguarding and promoiingihe well.being of children and thÈif implications lor the early yeafs seiiin£. Through a ran8e of ellecTive policies ond procedure5 thè nursery outline5 Ilie liJndamsanTiil rolè in keeping children healthy ond safe and promoiing their well.being. The Early years ieam afe up io date with current le8151otion on chil(J prol(*cl¢on and salèguafding procedures. For example, stall and the management committee have had Iraining on child proieciion and saleguarding. We also will be goin8 lo a similar Wofkshop lor parentslcafers. For fiirther information on child proteclion and safegtsaidin& please see link: SafeEuardinE children and child proieciion l NSPCC Leaining. The Early Years Team The Early Years ieam 15 unlque and brinEs an array of valued skills and conlributions lo stimulate ihe nursery environmeni. For exiimplp. Ihp nursery has employed a diversè team skilled in speaking dlffefent lan8u3Re5 and is a Rfeal suppori mechanism for lamilies whore En81ish is their second13n8tta8e, They consiSlenily WC>rk Coll￿)bOri1t1veIY 41nd cooperatively with coll@a8ues and othèr Adul1% to ènhJnc@ children's wélfare. dèvelopment and learning. GreJi emphasis is pl(Iced on biiild1ne lind developinc iho Individual to their fvll paieniial. It is important to create Jn ÈnihusiJsllc and commiltpd parly y(bar% team ihAi hhs a lirm loundaiion and mliliiiil 8oals ro strive towards. To support the siafl in their piofesslonal dewelopmenl, Ihe nursery piovide5 a range ol inlern41 and exiernol iroinin£ to influence and shape policie5 ond praciices ol ihe selling and shore collective responslbllliy lor their implementation. Governlng document The Qf8anisJlion is J c113ritable company limited by 8UaT3nlÈe. ineorpoTJled on 17ih October 2000 and fÈ8¥slerèd 3s.I ch)rily on 23rd February 2001. The company wa5 esloblished under J Memorandum of Associalion, In ihè event ol the cornpany bern8 woiind LIP, membprs rJT@ rpquired to contribute an amount nol exceedinE £5 Rlsk management The trustees have a duty to identily and review the risk5 to which ihe charlly is vxposèd and io ensure appropriate conlrols are In place to provide reasonable assurance against fraud and error. Commltment to flrst ald We're prO￿d io share some exciting news aboul Ouf commitment to keeping children safe. The National Day Nurseries Association has aw3rded us the prestigious Millie's IAark- think of it 35 a gold slar lor RoinR above and beyond in pediatfic fifsi aid liaining. Every single one ol our stalf members who work5 With children is now lully Irained to handle medical emergencie5. 1nlknvcomm￿nlty Nursery JO 2Q24 P•Ee6 a117 TN51*15' hnfiual R*)<41 Bul we didn't stop there. Thanks to ihe incredible Support of our community, we've managed lo secure noi one. bul l¥vo delibfillaiors, along wilh £720 in funding. One ol ihese lifè.%Jvinc dMii¢è% will in%ialled,)I the Comrniinity hijb where everyone can access It, whilè wè'll use the second one tor tr•ining purposes. It'5 311 parl of our ongoing mission to create the salest possiblè envifonmpni lor our Iiiilp ones. Trustè•s' Indu¢tlon and tralnlng Where Ihele IS a need lor new Triisieps. thes• will b($ idenl ilied (Ind appointed by the current Trusiees. Al present, Ihèiè arè lour T¥uslee5, New Iruslees are given an l.IC Induction Pack and appropriiiie liainine relating 10 Iheir role and funciion. Reserve pall¢y The Trustee has established that unrestricted reserves shotsld be beiween 3 ènd 6 months of expenditvre. These. resenies are required should there be a considerable reduction in fÈe5. The Cvffent level ol reserves ha5 nol mel ihis target, and strate8ie5 have been implemented to meet this largèl within three years. Flnanclal revlew The Charity's financial statement for the year ended 31sr Ilarch 2024 shows a net surplus in funds of £35,477..12023 E9.9241 Unrestricted reserves ai 31sl Ilorch 2024iS £98.8J&12021' £63,341) TNS¢￿ lepcrtand ACt￿nts PJintthvC¢mmunity Nurwry 30 Do¢ ￿2• Report of the Trustees Rainbow Community Nursery Forthe year ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITleS The Trustees arè rèsponslble for prèparing ihe Report ol the Trusiees and the financial statements in accordance wilh appllcable law and Uniled Kingdom Accounting Slandafds Iuniltd Kingdom Generally Accepled Accounling Praclicel, The low applicable io cliarliies In Ei)8land aii(J Wales, the ChaflLie5 ACL 2011, Charity (Accounis and Reports) Re8ul)lion$ 2008, and the piovisions ol Il)e liusl deed require tlie IrusiÈes 10 prep)re linJnciJl siaiements IOT eJch financial year which Rive 3 irue and lair view ol the stale ol allairs ol Ihe charity and ol the incoming resources and application ol resources, Including the income and expendilure, of ihe charity lor thal period, In prepJiinE those financial staiemenis, Ihe Trustees afe requlred to., select suitable accounting policies and then apply thèm £on51Stenlly; . observe the meihods and principles in the ChariLy SORP. make jvdgemenls and estimtites that are rga50nJblè and prudent; prepare Ihe financial statements on a going concefn basis unless it is Inappiopriale to presume Ihat the Charity wlll continue in business. The Trustees are responsible for keeping proper accouniinR records which disclose wilh reasonable accuracy at any time the financial ptssition of the charity and to enable them to ert5urè Ihai the financial $13lements comply with thè Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the Pfovisions ol Ihe trusi deed, They are also responsible for $aleguarding the asseis ol the charity and, héncé, for takinB reasonable steps l(Jr th? Pfpvèntion artd dètéction ol (raud Jnd oiher ITfpctslI)riliès. Account•nts The accountants. Allen Robyn & Associat•% Ltd. will be proposèd lor rè.aPPOintmènt ai thè forthcomingAnnual Gèneral Meeiing, ON BEHALF OF THETRUSTEES: O Scjntlobu Date: Dlrector M Antolne: Dlrector Date: &/i/zozb Yruit•*s ft¥p￿t aNIAC￿￿n(S Rjinbow Cofflfflurwty Nun•ry 30t*t XJ24 P4•110117 Report of the Independent Examiner Rainbow Community Nursery Forthe year ended 31 March 2024 I report on ihe accounts for the year ènded 31si March 2024. sei out on paRes 10 to IS. ReJpe¢tlv¢ r¢wonslbllltl¢s ol TNst¢•s bfid EK&mln•r The Charily's Truslees are responsible loi the preparation ol Ihè accounts. The Charity's Tfustees consider thai an audil is not required lor this year (under Section 14412101 the Charities Act 2011 Iihe 2011 Aciii and Ihal an independeni examinalion is required. HavinR saiisfiÈd mysell ihai ihe chaTIIy 15 not svbject to audil under company law and is eli8lble loi Sndependenl examSnalion, il 15 my respon55bS1ily lo., - examine the accounts undèr Section 145 01 the 2011 Acl to follow the procedures loid down in the General Oireciions given by the Charity Commission (under Section 14SISllbl OF the 2011 Act); and . to state whether particular matters have come io my alteniion, Bislsalthe Independent Ex8mlner's Report My examination was carried out in accordwincp wlih the Cipneral Difeclions eivpn by the Charity Commission. An examination includes a review of ihe accouniing records kepi by rhe charity and a comporison of the accounts presented wilh those records. It also includes consideralSon of any unusu31 items or disclosures in Ihe accounts, and seeking explanaiinns froffl you as trustees concerning 3ny such mallers, The procedures underrciken do noi provide all ihp evidence thBr would be reqiiired in an audit. nd con5@quenily no opinion is given as io wheiliei the accouiiis pieseiil a 'iiue and fair view, and ilie repoit is limited io ihose matters sel out in ihe staternenls btrlow. Independent Examiner's St•teThent In conneclion with rDy examii)alion, no fflalter has iome tts my allenlioii.. 111 which gives me reasonable cause to believe ihal. in any m3lerial respect, Ihe reqviremènls . to keep accounting records in accordance wilh Sections 386 and 387 of the Companies Act 2006- and . to prepare accoiinls which accord wilh thè accounting fecords and comply wilh the accounting requiremenis of Secllons 394 ond 395 01 Ihe Companies Aci 200b 3rtd ivlih the methods Jrtd principles ol the Sr)iemeni ol Recommended Practicp.- Accountin£ and Reportin8 by Choritiès hiive n<)1 been mel or 121 tts which. in m opinion. atleniion should be dfJwn in order lo enable o proper undèrstJnding of the accounts'to bè rèachèd. Rolston All•n FCCA Allen Robyn & A5soclaies Lld Chartefed Cerlilied Accountants 367 Caledonian Road London N79DQ L5 Date.. .1 Trns*e) RtytyiandAt¢bunta RalnbDW C¢*mmuniiy >) 0¢< 2024 Pa8•*0117 Statement of Financial Activities Rainbow Community Nursery For the year ended 31 March 2024 NOTES 1014 INCOMING RESOURCES lrtomin le50￿1(eS trom Vo.untiJ? l*torryc entrated lunds 639.3d+1 585.665 Gr4nls london Boiough Tol•l Incomin8 resour¢ts from Bener4t*d fv•ds 12, 116 712,120 74.9J6 660,601 Tolal INCOMING RESOURCE5 712,120 660,601 Resources Ex ended Char,loblo A£tiW,Iie5 605,792 586,169 Support C¢st3 69.232 59.568 Governance Cosis 2.750 7.950 Finance Costs k.238 1.390 Totsl Res¢ur<*s Expended 679,012 650,677 Other Income Interpst In£tsme 2.369 Toi)l Oih•r Incom• 2.369 NET INCOMEI{EXPENDITUREI FOR THE YEAR 35.477 9,924 P401ES 2024 20 Reconclllatlon of funds: Tor). Ivnds brought Io'w.Ifd Currpnl Yoar EarninKs Tottsl R•concS1iation ol lufflds,, 451,419 441,495 3.5,477 9,924 48£￿96 451,419 None ol the charity's activities were acquired or discontinued dL*ring the year and there were no recoKnised gains and losse5 other Ihan Ihose Included In Ihe siatemeni of financial aciivilies. R4inbDW Commu•lty Nurwry 2024 Statement of Financial Position Rainbow Community Nursery Asat31 March 2024 JI ￿2•2• JI IIAA2Q21 Fljred Assets TJnglbl•Ass•tJ T•t•l nx•d A•Mts 336.082 343,550 CurrentAssets Dthors 41,610 C4shat and In h•Thl 159,661 T•tsl CurrentAw 166Jg1 Itl,114 Credltor* amounts lallln r*dltvr$4utwhhln one ￿•r Totsicf•d￿Qr* •mouhtsf•lllfii du•Tthln*)n•y••r duewlthlnone ear A5ATI 0.145 15571 0?45 Net Current Assets (Llabllltltsl 150014 107169 TotJl A55ets le$5 Current Ll¥bliltJes 96 451hl> Net Assets 45Lh19 Funds Resula•d Fufftd Unr*5tskted Funds 381078 98JJa 446A•8 63341 Totsl Fun Th* charitabl*c¢ynpany Is entltled toexemptlon frorn Judli under sectlon 4T7 ofthecompanlos Ad 2006 lor tho yèJr•Trdod 31st March 2024. Th• m•rnbers hJv• not r¢qulr¢d th¢ ¢harftabte company lo obtsln an JuditolltsfinanclJl st•téffl•nts for iht 31st March 2024 sn accordance wilh Section 476 01 Ihe Companles kt 20ChS. Th• Trust¢¢s a¢kncrwledg•thelr respDnslbllitles lop, EnsurinK thjt th• ch)rii•bl• cornpny ke*pJ Kcovr+tln8 r•cordsth8t Comply wtth Sectlons 386 ind 387 oftht Compan1•5 kt ?006 bnd Pfeporing financial $￿ternents whlch glve o true ond faif vievl orthe 5tste 0l•ffalrs ol the thadthbl¢ ¢omp•ny •1 thi end ol each flnanclal yeor and ol its surplus Of deficll lor eoch financ541 year In accordonco wkth the requlrernents ol Sectlons 3Y and 395 and whlch oiherwist comply wlth the ro9uirern¢nts ol the Companlts kt2006 ￿lO￿n& lo flnanclal s￿leM￿nIs. $0 l•r •$ •pplkJbl* lo ih• ch•rlt•bl• Comp￿Y. The financial #otements We￿ •ppfoved by the BpJrd ol Tfusi¢es •fid wtr* ¢)n its hholfby: c•ntl•bu MAntslTr•: 0lr•rfgr D•ts: s///zozS Th• on 12to is f•rm p•rt•iihM• •ttoufits Pap1J￿7? Notes to the Financial Statements Rainbow Community Nursery For the year ended 31 March 2024 I. ACCOUNTING POLICIES Basls of preparlng the fln•nclbl st•temenls Thèse linancial stalemenls havè been prepared Lbnd@r thè hisloric021 INCOMING RESOURCES lThcomSnLresoDrces liom Vo.unlJry li.omc Granls. London Bofpygh Total IncomlnKf•50UfC*S from ￿nerated fvnds eneraied funds 639.31 585.665 72.776 712,12¢ 74.936 660,601 Total IPICQMING RESOURCES 712,120 660,601 Resources Ex ended Charitable Aclivi15•1 Childr*n Att￿￿111￿$ & RèwJrcin8 Cleaning and Laundry EmployQiS Nationil Insurarnco PÉisSons Cos LO.41T 8.859 I i,(JEJi 7,517 39,692 37.495 8.497 Sa';aries 511,345 503,607 I3,6D7 Food & Provisions Stall TrairninR AgoncyWag¢s Total Ch#rlt4bl• A¢tlvlil¢i 2,570 2,394 S,782 732 6.454 $86,7VI su ort Costs Att4erii&nR& Ma￿￿1￿n8 Deprociaiion Expense General ExpeTh5es In5urJfKt I,T99 7,468 1.468 348 764 5.7Ql 5.255 115ol¢wJr¢ and Ctsnsumables 1.258 ST4 loRJl and Prolo%sional Fo Ii%hl. Powei. Htat5ng Rent 500 14.148 12,013 W?lor I,l3 3,205 lelephotse & Inlernet SvbKri5JliOIIg ReDJi15 & N4aini¢noTrce 2,394 1,809 6.117 4.55T 13.508 9.925 Rates 3,700 3,200 Bank Fees Total Support Costs 1.238 70,4TO 1,390 60.958 Gov•rnafit• Costs Examiner5 fee Tot•1 Govtm•nc• Costs 2.750 2,75LI 2,9SO 2.950 Yoi•l A•sovr<•s Exp•nd•d 679,012 6SO,6T7 Ft4bf*bgwC4¥nrnunlry Nyrmmy ¢¥￿e￿nd Expefftdilu 2024 102J Other Income Inlefèsi Income 2,369 Total Oth*r In¢om• 2,369 NET INCOMEIEXPENDITURE FOR THE YEAR 3S,477 9,924 TwsM5 R¢p¢¥l afidA£counlS R4bnbow(4mmut)ity Nyry4ty 30 D¢( X124 Pb&è 1701 17