Weeley Rainbow Pre-school Limited (A company limited by guarantee) Report and financial statements for the year ended 30 September 2024 Charity number 1158369 Company number 08456828 Clacton Business SeNices Ltd Chartered Accountants Hurlingham Chambers 61 Station Road Clacton-on-sea Essex. C015 ISD
Weeley Rainbow Pre-school Limited (A company limited by guarantee) Financial Statements For the Year Ended 30 September 2024 Contents Page Legal and administrative informalion Trustees report Independenl examiners. report Statement of financial activities Balance sheet Note5 to the financial
Weeley Rainbow Pre-school Limited {A company limited by guarantee) Legal and administrative infomiation Charity number 1158369 Company number 08456828 Regislered office 51 Hazel Avenue Kirby Cross Frinton on Sea Essex C013 OGX Trustees Mrs. Victoria Hurrell (Chairperson) Mr. James Hurrell Miss Racheal Carr (Secretary) Accountants Clacton Business Services Limited Chartered Accountants Hurlingham Chambers 61 Station Road Clacton-on-sea Essex C015 1SD Page 1
Weeley Rainbow Pre-school Limited (A company limited by guarantee) Report of the trustees For the year ended 30th September 2024 The Trustees present their report and the financial statements for the year ended 30 September 2024. The trustees who served during the year and up to the date of this report are set out on Page 1. Objectives and activities Objectives The objective of the pre-school is to enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups. Main actlvitles to achieve the objertives All our activities are based on the Early Years Foundation Stage curriculum set by the department of Education and these can be structured by means of an organised activity i.e. number painting or by free play activities where the children make their own decisions on what acb'vities they would like to do. i.e. role playing using dressing up clothes. Achievements and performance The preschool has performed satisfactorily in the year and has achieved the objectives outlined above. Financial review Funding sources The main source of income is from government funding and fees paid by parents. Reserves Policy The total unrestricted fund as at 30 September 2024 amounted to £16,095. This is maintained 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 (continued) For the year ended 30 September 2024 Future Plans To continue to run the nursery and gradually improve and expand the services provided by raising awareness and promoting it through various events and advertising. Responsibilities of the Management Committee The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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 charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial ststements the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgments and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper account records which 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 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 for the prevention and detection of fraud and other irregularib'es. Members of the Management Committee Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1 Ap oved by the m nagement committee on ,.IDg[&x5- and signed on its 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 2024 set out on pages 5 to 9. Respective responsibilities of management committee and independent examiner 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 (the Act), as amended by section 144 of the Charities Act 2011 does not apply and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Act. as amended" to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5){b) of the Act. as amended: and to stste whether particular matters have come to my attention. Basis of independent examinerfs statement Our 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 and seeking explanations from you as trustees conceming 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 '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 my examination. no matter has come to my attention; (i) which gives me reasonable cause to believe that in any material respect the requirements- to keep proper accounting records in accordance wth section 130 of the Act,. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met" or {iil To which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent examiner Clacton Business Services Ltd Chartered Accountants Page 4
Weeley Rainbow Pre•School Llmited (A company limited by guarantee) Statem8nt of financial actlvltles For the year ended 30 September 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Incomlng resources Incoming resources from generatlng funds: Voluntary incon Grants Fees Activities for generating funds Fund raising Interest 95.534 5.398 95.534 5.398 86,279 6,873 Total incoming resources 100,932 100.932 93.152 Resources expended Wages Food & Suppliers Pre-school Equipment Rent & Hall Hire Rates & Water Light & Heat Telephone. Mobile & Intemet Postage. stationary & small office equip Advertising Staff Expenses Staff training & DBS checks Admin Expenses Repairs & Renewals Subscriptions Sundry Expenses Insurance Professional Fees Legal & HR Fees Accountancy Bank charges Loan Interest Fines & Penalties Depreciation 65,209 13,299 4,651 4,738 393 65,209 13,299 4,651 4,738 393 66,011 8,824 1.770 4,388 432 798 430 798 430 705 3.495 254 206 710 450 1.740 1.364 695 1,364 695 2.247 195 631 2.031 35 2,247 195 631 2,031 35 424 1.659 192 1.213 69 1.213 69 286 1.084 63 1.809 2.429 2,429 2,944 Total resources expended 100.713 100.713 97.160 (Deficit) Surplus Tolal funds brought forward 219 15.876 219 15,876 (4.008) 19.884 Total funds carrted forward 16.095 16,095 15.876 The ststement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognized gains and losses has not been prepared. All of the above amounts relate to continuing acts-vities. The notes on pages 7 to 9 forni an Integral part of these financial ststements. Page 5
Weeley Rainbow Pre-school Limlted IA company limited by guarantee) Balance sheet As at 30 September 2024 2024 2023 Notes Fixed Assets Tangible Assets 11.487 13.284 Current assets Debtors Cash at bank and in hand 606 13.545 606 9.589 14.151 10.195 Credltors: amounts falling Due within one year 9.543 7.603 Net current assets 4,608 2,592 Net assets 16.095 15.876 Funds Unrestricted income funds 16,095 15,876 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: ensuring that the company keeps accounting records which comply with Sections 386 and 387 of Ihe Companies Act 2006 and b. preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which comply with the requirements of the Companies Act 2006 relating to financAal statements, so far applicable to the company. The financial statements have been preparExl in accordance wsth the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008>. The financial statements were approved by the Management Commtttee on........ ... and wer signed on its behalf by: urrell Director & Chairperson The notes on pages 7 to 9 form an integral part of these financial statements. Page 6
Weeley Rainbow Pre-school Limited IA company limited by guarantee) Notes to the financial statements For the year ended 30 September 2024 Accounting policles The principa5 accounting policies are summarized below. The accounting policies have been consistently throughout the year and the preceding year. Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Praclice 'Accounting and reporting by charities" issued in March 2005 (SORP 2005) and the Charities Act 1993. Incoming resources All incoming resources are included in the ststement of financial activities when the charity is entitied to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Volunlary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific perfornian by the charity are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are induded at the value to the charity where this can be quantified. The value of seprfices prowded by volunteers has not bn induded. Income from investrnents is included in the year in which it is receivable. Resources expended Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs in(xJrred by the charity in the delivery of its activities and services for its beneficiaries. It includes LM)th costs that can be allocated directly to such aclivities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred directy in support of expenditure on the objects of the charity. Page 7
Weeley Rainbow Pre-school Limited (A company limited by guarantee) Notes to the financial statements For the year ended 30 September 2024 Employees Employment costs 2024 2023 Wages and salaries Social security costs Pension costs 64.044 64,973 1.165 1,038 65.209 66,011 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-tirne equivalents, was as follows: 2024 Number 2023 Number Fixed Assets Fixtures & Fittings COST At 1 September 2023 Additions 46,816 632 At 30 September 2024 47,448 DEPRECITATION At I September 2023 Charge for year 33.532 2,429 At 30 September 2024 35,961 NET BOOK VALUE At 30 September 2024 11,487 At 1 September 2023 13,284 Page 8
Weeley Rainbow Pre-school Limited (A company limited by guarantee) Notes to the financial statements For the year ended 30 September 2024 Debtors 2024 2023 Prepayments Debtors 606 606 606 606 Creditors: amounts falling due Within one year 2024 2023 Accruals Creditors Taxation Pension Loan 1,056 960 8,270 217 4,537 156 1,950 9.543 7,603 Page 9