Weeley Rainbow Pre-school Limited (A company limited by guarantee) Report and financial statements for the year ended 30 September 2023 Charity number 1158369 Company number 08456828 Clacton Business Services Ltd Chartered Accountants Hurlingham Chambers 61 Station Road ClactDn-On-Sea Essex. C015 ISD
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Financial Statements For the Year Ended 30 September 2023 Contents Page Legal and administrative information Trustees report Independent examiners, report Slalement of financial activities Balance sheet Notes lo the financial
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Legal and administrative information Charity number 1158369 Company nmber 08456828 Registered office 16 The Green Claclon-on-sea Essex CO16 7BH Trustees Mrs. Victoria Hurrell (Chairperson) Mr. James Hurrell Miss Racheal Carr ISeGrelaryl Accountants Claclon Business Services Limited Chartered Accounlanls Hurlingham Chambers 61 Slalion Road Claclon-on-sea Essex C015 1SD Page 1
Weeley Rainbow Pre-school Limit&d IA Company limited by guarantee) Report of the trustees For the year ended 301h September 2023 The Trustees present their report and the financial ststemenls for the year ended 30 September 2023. The trustees who served during the year and up to the d8le ol this report are sel out on Page 1. Objective$ and a¢tiviti¢s Oblectlves The objective of the pre-school is lo Ènhance the development and edLJcaliDn of children under stalulory school age by encouraging parents lo understsnd and provide for the needs of their children through community groups. Main activitles to achieve the oblectlves All our activities ar8 based on the Early Years Foundation Stage curriculum sel by the department of E(Sucalion and these can be slruclured by means of an organised a¢livily i.e. number painting or by free play activities where the children make their own decisions on what activities they would like lo do. i.e. role playing using dressing up clothes. Achievements and performanco The preschool has perforrned salisfaclorily in the year and has achieved the objectives outlined above. Financial review Funding sources The main Sour of income is from govemmenl funding and fees paid by parents. Reserves Policy The IDlal unrestricted fund as al 30 September 2023 amounted lo £15,876. This is maintsin&d to cover any unforeseeable expenses and for the expansion of the nursery. Page 2
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Report of the trustees {continuedl For the year ended 30 September 2023 Future Plans To continue lo rLJn the nursery and gradually improve and expand the services provided by raising awareness and promoting it through various events and advertising. Responsibilities of the Managemenl Committee The Iruslees are r8sponsible for preparing the Trustees, Annual Report and th8 financial slalemenls in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Law applicable lo charities in England and Wales requires the Iruslees to prepare financial slalements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slalomenls the trusteès are required to.. select suitable accounting policies and then apply them consislenuy., observe the methods and principles in the Charities SORP,. make judgments and eslimales that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., and Prepare the financial slalemenls on the 90ing concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Iruslees are responsible for keeping proper account records which disclose with reasonable auraCY 81 any lime the financial pos11ion Df the charity and enable them lo ensure that the financial slalemenls omply with the Charilios Act 2011 and the Charity (Accounts and Reports) Regulations 2009. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps lor the prevention and detection of fraud and other irregularities. Members of the Management Cornrnittee Members of the Management Committee, who are directors for the purpose of company law and Iruslees for the purpose of charity law, who served during the year and up to the dale of this report are sel out on page 1 Approved by the management Gommitlee on and signed on ils behalf by., V Hurrell Director & Chairperson Page 3
Independent examlner's report to the management committee on the unaudited financial statements of Weeley Rainbow Pre.School Limited We report on the accounts of Weeley Rainbow Pre-school Limited for the year ended 30 September 2023 sel out on pages 5 10 9. Respective responsibilities of managemgnt commlttee and Independent examlner As the management committee you are responsible for the preparation of the accounts, you consider that the audit requirement of section 28 of the Charities Act 2006 Ilhe Act). as amended by section 144 01 the Charities Act 2011 does not apply and that an independent examination is needed. 11 is my responsibility to examine the accounts under section 145 of the Act, as amended.. lo follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Act. as amended.. and lo slate whether particular mallers have come to my atlenb"on. Basi5 of independent examinor's statement Our examination was carried out in accordance with th& General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison ol the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts 8nd seeking explanations from you as Iruslees 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 the whether the accounts present a 'lrue 2nd fair view, and the report is limited lo those matters sel out in the statement below. Indgpgndent examlner's statement In connection with my examination. no maller has come lo my allention,. lil which gives me reasonable causo lo believe that in any material respect the requirements-. lo keep proper accounting records in accordance with section 130 of the A¢l', and to prepare accounts which accord with the accounting records and lo comply with the accounting requirements of the Act have not been met., or lill To which, in my opinion, allenlion should be drawn in order lo enable a proper understanding of the accounts lo bo reached. Independgnt ¢xaminor Claclon Business Services Ltd Chartered Accountants Page 4
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Statement of financial activities For the year ended 30 September 2023 Unrestricted Restricted Funds Funds 2023 Total 2022 Total Incoming resources Incoming resources from generating fund$: Voluntary income Grants Fees Activities for gener21ing funds Fund raising Interest 86.279 6.873 86,279 6.873 74,676 11,061 Total incoming resources 93,152 93,152 85,737 Resources expended Wages Food & Suppliers Pre-school Equipment Rent & Hall Hire Rates & Water Light & H&al Telephone, Mobile & Inlernel Postage, stationary & small office equip Advertising Slafl Expenses Staff training & DBS checks Admin Expenses Repairs & Renew81s Sundry Expenses Insurance Professional Fees Lega1 & HR Fees Accountancy 8ank charges Loan Inl&resl Fines & Penalties Depreciation 66,011 8,824 1,770 4,388 432 66.011 8.824 1.770 4,388 432 63,765 5,876 1,348 2,028 296 7Q5 3,495 254 206 710 450 1,740 424 1.659 192 705 3,495 254 206 710 450 1.740 424 1.659 192 658 695 25 830 1,340 3,475 498 1.465 243 174 1,057 65 2,760 1,084 63 1.809 1,084 63 1,809 2.944 2.944 3,759 Total resources expended 97.160 97.160 90.357 (Deficit) Surplus Total funds brought lorwaros 14,0081 19.884 14,0081 19,884 14,8201 24,504 Total funds carried forward 15,876 15,876 19,884 The slalemenl of financial activities includes all gains and losses in the year and therefore a separat8 slalemenl of lolal recognized gains and losses has not been prepared. All of the above amounts relate lo continuing activities. The not¥s on pages 7 to 9 form an Integral part of these financlal statements. Page 5
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Balance sheet As at 30 September 2023 2023 2022 Notes Fixed Assets Tangible Assols 13,284 16,228 Cyrrgnt assets Debtors Cash al bank and in hand 606 9,589 1.044 12,293 10.195 12.337 Croditors.. amounts falling Due within one year 7,603 8,681 Net current assets 2.592 3,656 Net assets 15,876 1g,884 Funds Unrestricted income funds 15,876 24,504 The company is enlilled lo exemption from audit under S&clion 477 of the Companies Act 2006 for the period ended 30 Seplefflber 2023. The members hav8 not required the company to obtain an audit of ils financial slalemenls for the year ended 30 September 2023 in accordance wilh Section 476 of the Companies Act 2006. The diroclors acknowledge their responsibilities for., ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and b. preparing f1nancial slalemenls which give a true and fair view of Ihe slate ol affairs of the company as al the end ol each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which comply with the requir&ments of the Companies Act 2006 relating lo financial slalemenls. so far applicable lo the ompany. The financial slalemenls have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo sm811 companies and with the Financial Reporting Standard for Smaller Entities (effective April 20081. The financial slalemenls were approved by tha Management Committee on........... and were signed on its behalf by.. V Hurrell Director & Chairperson The notes on pages 7 to 9 form an integral part of these financial stalomants. Page 6
Weeley Rainbow Pre.School Limit9d IA company limited by guarantee) Notes to the financial statements For the year ended 30 September 2023 Accounting policies The principal accounting policies are summ8rized below. The accounting policies have been consislenlly throughout the year 2nd the preceding year. Basls of accounting The financial slalemenls are prepared under the historical cost convention and in accordance with the Slalemenl of Recommended Practice 'Ac¢ounling and reporting by charities. issued in March 2005 ISORP 20051 and the Ch8rilies Act 1993. Incoming resources All incoming resources are included in the statement of financial 8clivilies when the charity is enliiied to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income. Voluntary income is received by way of grants, donations and gifts and is included in full in the slalernenl of financial activities when receivable. Grants where enlillemenl is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally enlilled lo the grant. Donated services and facilities are included al the value lo the charity wh&re this can be quantified. The value of services provided by volunteers has not been included. Income from investments is included in the year in which il is receivable. Resources exp&nded Expenditure is recognized on an accrual basis as a liability is incurred. Expendilufe includes any VAT which cannot be fully recoverod and is reported as part of the expenditure lo which il relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs ol an indirect nature necessary lo support them. Support costs are those costs incurred direcuy in support of expenditure on the objects of the charity. Page 7
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Notes to the financial statements For the year ended 30 September 2023 Employees Employment costs 2023 2022 Wages 8nd salaries Social security costs Pension costs 64,973 63.057 1,038 708 66,011 63,765 No employee received emoluments of more than £60,000 Number of employees The average number of employees during the year, calculated on the basis of full-lime equivalents, was as follows.. 2023 Nurnber 2022 Number Fixed Assets Fixtures & Fillings COST Al 1 September 2022 Additions 48,816 AI 30 September 2023 46,816 DEPRECITATION Al 1 September 2022 Charge for year 30,588 2,944 AI 30 September 2023 33,532 NET BOOK VALUE At 30 September 2023 13,284 Al 1 September 2022 16,228 Page 8
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Notes to the financial statements For the year ended 30 September 2023 Debtors 2023 2022 PpaYmentS Debtors 400 644 606 606 1,044 Creditors: amounts falling due Within one year 2023 2022 Accruals Creditors Taxation Pension Loan 960 900 4,537 156 1,950 6,248 19 1,514 7,603 8,681 Page 9