2025-06-30-accounts

Company Registration Number: NI601526 Charity Registration Number: 101018

Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee) Annual Report and Audited Financial Statements For the year ended 30 June 2025

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Contents For the year ended 30 June 2025

Page

General Information	3
Directors’ Report	4-7
Independent Auditor's Report	8-11
Statement of Financial Activities	12
Statement of Financial Position	13 - 14
Statement ofCash Flows	15
NotestotheFinancialStatements	16-25

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

GENERAL INFORMATION

Board of Directors

Martina Bateson Clare Daly Fionnuala Daly Eimear Donaghy Catriona Donnelly Colette Fay Orla Kelly Sophia Kerr Helen Nevin (appointed 15 April 2025)

Company Secretary

Fionnuala Daly

Registered office

Rainbow Community Childcare 2 Stiloga Road Eglish Dungannon Co. Tyrone BT71 7DW

Company registration number

NI601526

Charity registration number

101018

Independent examiners

Cooper Parry Audit (Ireland) Limited Chartered Accountants 36-38 Northland Row Dungannon Co. Tyrone BT71 6AP

Bankers

Bank of Ireland Market Street Magherafelt Co. Londonderry BT45 6EE

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

DIRECTORS' REPORT For the year ended 30 June 2025

The Directors, who are the trustees for the purpose of charity law, have pleasure in presenting their report and the audited financial statements of the charitable company for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 102), United Kingdom Generally Accepted Accounting Practice and the Companies Act 2006.

Reference and Administration Details

The reference and administration details of the charity are as shown on page 3.

Objectives and Activities

The key aim of Rainbow Daycare (Eglish) Ltd is to allow young people to develop their own optimum level of independence.

The principal activity of the charity is to enhance development and education of young children through: - The provision of high quality day care and childcare;

• Working to ensure that quality day care and childcare is available to children and families regardless of means, race, disability, gender, religion, belief or any other factor;

• Identifying the wider support needs of children and families and to seek to ensure that such needs are met; - Encouraging, enabling and supporting the involvement of parents and carers in their children’s learning and development; and

• Contributing to the professional development of those working in daycare and childcare; and - Encouraging and enabling the involvement of parents, carers and the wider community in the affairs of the Charity.

Public Benefit Statement

The Directors of Rainbow Daycare (Eglish) Ltd confirm that they have complied with their duty under section 4(6) of the Charities Act (Northern Ireland) 2022 to have regard to the Charity Commission for Northern Ireland’s guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 30 June 2025.

Achievements and Performance

The Directors are confident that the charitable company continues to meet its performance objectives to benefit the local community. The charitable company continues to receive funding from local bodies.

Rainbow Daycare (Eglish) Ltd is registered with the Southern Health and Social Care Trust and is inspected by the trust annually to ensure that high quality care and education is provided for all children in its centre. It is also a member of the “Early Years Organisation for Young Children”.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

DIRECTORS' REPORT For the year ended 30 June 2025

Rainbow Daycare (Eglish) Ltd currently offers a combined capacity of 160 registered places (playgroup, out-ofschool and daycare.

The centre has been designed to meet the highest childcare standards, meeting with the trust's regulations and the environmental health standards stipulated for a day care provider. All necessary registrations are held and are reviewed on a regular basis by the regulatory bodies to ensure the highest standards are being maintained. With a high standard of staff training and experience, the centre is providing an opportunity for others to learn and become trained in childcare, both as workers and volunteers in a rural area.

The centre supports the cross community requirements of the charity given its neutral location in the community. As is the case with many other rural communities in Northern Ireland, these children are dominated by one tradition that experiences little contact with similar groups from other traditions. This can limit their ability to address conflict and division, and can also hinder regeneration or development in that

The playgroup provides pre-school services to children aged 3 - 4 years. The Playgroup implements ‘High/Scope’ for 3 - 4 year olds. This is a quality approach to early childhood care and education and a recognised standard with Early Years and Social Services. ‘High/Scope’ identifies and builds on children's strengths, interests and abilities and was adapted by educators to meet the needs of local communities. ‘High/Scope’ has been shaped and developed by research over many years and is used internationally in a variety of settings including daycare, playgroups, nurseries and primary schools. This best practice approach ‘High/Scope’ is also being implemented for the babies and toddlers who attend full daycare.

The playgroup places are funded through the PEGS programme.

Out of School Club commenced in September 2012, which operates from 2.00pm to 6.00pm during term time and caters for children from 4 to 12 years of age. The out of school club operates from 9.00am — 6.00pm during school holidays.

The Out of School Club provides a range of activities which encourage active play, exercise and development of hobbies and sports.

Financial Review

Financial Performance

The financial performance was in line with the Board of Directors’ expectations. The charitable company remains in a sound financial position at the year end. The results for the year are set out in detail on pages 12-25. The charitable company returned net incoming resources for the year of £51,179 (2024: net outgoing resources of £13,202).

At 30 June 2025, the total funds of the charitable company amounted to £789,782 (2024: £738,603) comprising unrestricted £492,218 (2024: £435,391) and restricted £297,564 (2024: £303,212). Principal sources of funding and how this has supported the key objectives of the charitable company are disclosed in the notes to the financial statements.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

DIRECTORS' REPORT For the year ended 30 June 2025

Reserves Policy

The charitable company does not maintain a formal reserves policy. However, the Board of Directors continue to monitor the level of reserves held by the charitable company and are satisfied that these are adequate to meet any unforeseen expenditure incurred.

The directors feel there is no need for a formal reserves policy as Rainbow Daycare (Eglish) Ltd is an income generating charity and only relies on grant income for a small proportion of income.

The charitable company has free reserves of £109,547 (2024: £37,755).

Structure, Governance and Management

Organisational structure

The charitable company is a company limited by guarantee, not having a share capital.

The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association.

Any person wishing to become a Director must apply in writing prior to the Annual General Meeting. A vote is then taken at the Annual General Meeting as to whether that person is appointed.

Directors

The Directors during the year are the same as the Directors as listed on page 3.

Taxation Status

The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly, the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

DIRECTORS' REPORT For the year ended 30 June 2025

Directors' Responsibilities Statements

The Directors are responsible for preparing the Directors' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements the Directors are required to:

~ Select suitable accounting policies and apply them;

• Observe the methods and principles in the Charities SORP (FRS 102);

• Make judgements 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 concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of Disclosure of Information to Auditor

In so far as the directors, who held office at the date of approval of these financial statements, are aware:

• there is no relevant audit information of which the charitable company’s auditor is unaware; and ~ the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

Small Companies Exemption

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the Board of Directors and signed on its behalf by:

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Dhyronge We . as Now LO25
Catriona Donnelly Date
Director
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Company Registration Number: NI601526

Charity Registration Number: 101018

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee) Independent Auditor's report to the Directors of Rainbow Daycare (Eglish) Ltd for the year ended 30 June 2025

Opinion

We have audited the financial statements of Rainbow Daycare (Eglish) Ltd (‘the charitable company’) for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company’s Directors, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s Directors those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Directors as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 30 June 2025 and of its total incoming resources and expenditure of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which ISAs (UK) require us to report to you where:

-the directors’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee) Independent Auditor's report to the Directors of Rainbow Daycare (Eglish) Ltd for the year ended 30 June 2025

Other Information

The directors are responsible for the other information. The other information comprises the information included in the Directors’ Report, other than the financial statements and our Auditor's Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-the information given in the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and -the Directors’ Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors’ remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit; or

• the directors were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemption in preparing the Directors’ Report.

Responsibilities of Directors

As explained more fully in the Directors’ Responsibilities Statement, the directors (who are also the trustees of the charitable company for the purpose of charity law), are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Independent Auditor's report to the Directors of Rainbow Daycare (Eglish) Ltd for the year ended 30 June 2025

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intends to liquidate the charitable company or to cease operations, or has no realistic alternative but to do so.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The objectives of our audit in respect of fraud are to assess the risk of material misstatement due to fraud, design and implement appropriate responses to those assessed risks and to respond appropriately to instances of fraud or suspected fraud identified during the course of our audit. However, the primary responsibility for the prevention and detection of fraud rests with management and those charged with governance of the charitable company.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

-We obtained understanding of the legal and regulatory requirements applicable to the charitable company’s financial statements and considered the most significant are the Companies Act 2006, Financial Reporting Standards (FRS102), grant funding bodies regulation and UK taxation legislation;

-We have assessed the risk of material misstatement of the financial statements, including risk of material misstatement due to fraud and how it might occur by holding discussions with management and those charged with governance;

-We enquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations;

-certain disclosures of directors’ remuneration specified by law are not made; or -Understanding the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; and

-Discussions amongst the audit engagement team regarding how fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion we identified the following potential areas where fraud may occur: timing of revenue recognition, recognition of grant income and management override.

The audit response to risks identified included:

-Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with the relevant laws and regulations above;

-Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud;

-In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are reasonable and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at

www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ Report.

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25 November 2025

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Statement of Financial Position As at 30 June 2024

		2025	2024
	Notes	£	£
Non-Current Assets
Property, plant and equipment	9	679,428	701,709
Current assets
Receivables	10	14,377	16,406
Cash and cash equivalents		156,273	96,806
		170,650	113,212
year	11	(36,874)	(38,423)
Net current assets		133,776	74,789
Total assets less current liabilities		813,204	776,498
Payables: Amounts falling due after oneyear	12	(23,422)	(37,895)
NetAssets		789,782	738,603
REPRESENTED BY:
Unrestricted funds	13	492,218	435,391
Restricted funds	13	297,564	303,212
TotalFunds	13	789,782	738,603

The directors' statements shown on the following page form part of this Statement of Financial Position.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Statement of Financial Position As at 30 June 2024 (Continued)

,

These financial statements have been prepared in accordance with the provisions applicable to the small companies’ regime within Part 15 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with Section 386; and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its incoming or outgoing resources for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes on pages 16 - 25 form an integral part of the financial statements.

The financial statements were approved and authorised for issue by the Board of Directors and signed on their behalf by:

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c
Catriona Donnelly Date
Director
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Company Registration Number: NI601526

Charity Registration Number: 101018

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Statement of Cash Flows For the year ended 30 June 2025

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2024|2023| |£|£| |Cash|flows|from|operating|activities| |(Deficit)/Surplus|for|the|year|51,179|(13,202)| |Adjustments|for:| |Depreciation|22,281|24,790| |73,460|11,588| |Movements|in|working|capital:| |Movement|in|receivables|2,029|(6,598)| |Movement|in|payables|(1,549)|6,882| |480|284| |Net|cash|generated|from|operating|activities|73,940|11,872| |Cash|flows|from|investing|activities| |Payments|to|acquire|property,|plant|and|equipment|-|-| |Cash|flows|from|financing|activities| |Repayment|of bank|loans|(14,472)|(13,747)| |Net|(decrease)|in|cash|and|cash|equivalents|59,468|(1,875)| |Cash|and|cash|equivalents|at|beginning|of financial|year|96,806|98,681| |Cash|and|cash|equivalents|at end|of financial|year|156,273|96,806|

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

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1. GENERAL INFORMATION

Rainbow Daycare (Eglish) Ltd is a charitable company limited by guarantee incorporated in Northern Ireland within the United Kingdom. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is as shown on page 2.

The charitable company constitutes a public benefit entity as defined by FRS 102.

2. ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitable company's financial statements.

2.1 Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charites: Statement of Recommended Practice (SORP) applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019 (Second Edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006.

2.2 Basis of Preparation

The financial statements are prepared on a going concern basis under the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

2.3 Income and Endowments

(i) Charitable Activities

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the related services or goods are provided. Grant income is recognised in the Statement of Financial Activities when receivable. Grant income included in this category provides funding to support projects and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

2.3 Income and Endowments

(ii) Other Trading activities

Voluntary income includes incoming resources from gifts, donations and grants and is recognised in full in the Statement of Financial Activities when receivable. Activities for generating funds are commercial activities which are recognised as earned when the related goods and services are provided.

2.4 Resources Expenditure

Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods and services are supplied. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities. (i) Charitable Activities This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable objectives. Charitable activities will include the costs of governance arrangements which relate to the general running of the charity.

2.5 Fund Accounting

The charitable company has two types of funds for which it is responsible at the year-end:

Unrestricted Funds - Funds which are expendable at the discretion of the Directors in furtherance of the objectives of the charitable company. In additions, funds may be held in order to finance capital investment and working capital.

Restricted Funds - Income received for specific purposes. Such purposes are within the overall aims of the charitable company.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

2.6 Property, Plant and Equipment and Depreciation

All property, plant and equipment are initially recorded at cost.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and Buildings 2% Straight Line Fixtures, Fittings & Equipment 25% Straight Line Motor Vehicles 20% Straight Line

2.7 Trade and Other Receivables

Trade and other receivables are initially recorded at fair value and thereafter stated at cost less impairment losses for bad and doubtful debts.

2.8 Trade and Other Payables

Trade and other payables are initially recognised at fair value and thereafter stated at cost.

2.9 Taxation

As a charity, the charitable company is not liable to Corporation Tax.

2.10 Critical accounting judgements and estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical judgements in applying the entity’s accounting policies

There are no critical judgements in applying the charity’s accounting policies.

Critical accounting estimates and assumptions

There are no actual accounting estimates and assumptions.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

2.11 Financial instruments

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Financial Activities.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Statement of Financial Activities.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2.12 Pension and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for the service, the excess is recognised as a prepayment.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

3. INCOME AND ENDOWMENTS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Funds|Funds| |2025|2025|2025|2024| |£|£|£|£| |Charitable|Activities| |Children|Fees & Daycare|384,725|-|384,725|332,618| |Playgroup|19,873|-|19,873|22,151| |Playgroup & Out|of School|Income|96,197|-|96,197|75,802| |SELB|PEGS|121,745|-|121,745|103,579| |Grant|Income:|.| |Pathway|-|27,837|27,837|27,356| |Milk Grant|-|1,532|1,532|3,002| |Outdoor|Learning|-|2,000|2,000|-| |Childcare|Partnership|-|3,000|3,000|-| |Department|of Employment|-|-|-|500| |Education|Authority|-|wages|and|training|-|6,357|6,357|-| |Department|of|Education|Pre-School|-|3,750|3,750|-| |Education|Inclusion|Support|Fund| |Total|Income from|Charitable|Activities|622,540|44,476|667,016|565,008|

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Income on charitable activities in the year ended 30 June 2024 of £565,008 was made up of unrestricted funds of £534,150 and restricted funds of £30,858.

4. Income from Other Trading Activities

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||||||| |---|---|---|---|---|---| |Uniforms|1,336|-|1,336|2,125| |Fundraising|1,848|-|1,848|1,335| |Other|Income|979|-|979|312| |4,163|-|4,163|3,772|

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All income from other trading activities in the year ended 30 June 2024 was unrestricted.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

5. RESOURCES EXPENDED

5. RESOURCES EXPENDED
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds
	2025	2025	2025	2024
	£	£	£	£
Charitable activities
Wages	425,841	31,873	457,714	426,238
Pension	5,864	-	5,864	5,793
Insurance	13,495	-	13,495	9,976
Light & Heat	10,251	-	10,251	11,580
Water Charges	1,838	-	1,838	2,626
Telephone	2,951	-	2,951	2,847
Cleaning	16,035	-	16,035	15,758
Adverts Printing & Stationery	2,152	-	2,152	3,125
Travel expense	3,662	-	3,662	3,691
Resources	7,589	4,967	12,556	6,858
Equipment &Toys	1,620	-	1,620	4,729
Food and Snacks	16,371	1,532	17,903	17,051
Training	75	1,436	1,511	3,917
Early Years Fees	3,430	-	3,430	3,210
Jumpers/ Uniforms	3,255	-	3,255	2,171
Repairs & Maint	8,466	3,000	11,466	6,656
IT equipment and maintenance	4,265	-	4,265	3,814
Bank Interest & Fees	506	-	506	575
Loan Interest Payments	2,776	-	2,776	3,500
Bookkeeping and office support	12,552	-	12,552	10,335
Depreciation Land and Buildings	10,284	6,451	16,735	16,715
Depreciation Fixture& Fittings	9,893	865	10,758	6,823
Depreciation MotorVehicles	1,032	-	1,032	1,252
Profit & loss on fixed assets	(6,243)	-	(6,243)	-
Audit	4,260	-	4,260	4,542
Professional Fees	5,359	-	5,359	4,080
General expenses	969	-	969	2,044
Gifts	-	-	-	726
Outings	1,328	-	1,328	1,350
	969,876 0124 620,0000			81882

Expenditure on charitable activities in the year ended 30 June 2024 of £581,982 was made up of unrestricted funds of £544,827 and restricted funds of £37,155.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

6. NET INCOME/(EXPENDITURE) FOR THE YEAR

Net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation	28,524	24,790
Auditorremuneration	4,260	4,542

7. INDEPENDENT AUDITOR'S REMUNERATION

The independent auditors fee were £4,260 (2024: £4,542)

8. STAFF COSTS AND EMPLOYEE BENEFITS

The average number of persons employed by the charitable company during the year: 23 (2024: 24).

The total staff costs and employee benefit's was as follows:

	2025	2024
	£	£
Wages and salaries	438,985	408,126
Social security costs	18,729	18,112
Pension costs	5,864	5,793
	463,578	432,031

No employee of the chartiable company received total employee benefits of more than £60,000. The directors are considered the key management of the charity.

8.1 DIRECTORS' REMUNERATION

The Directors received nor waived any remunerations or any other benefits during the year and no reimbursements of expenses incurred.

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

9. PROPERTY, PLANT AND EQUIPMENT

	Land	and		Motor	Fixtures,	Total
	Buildings			Vehicles	Fittings and
	freehold				Equipment
	£			£	£	£
Cost
At 30 June 2024	835,623			17,600	68,362	921,585
Additions		8,910		-	6,360	15,270
Disposals	(6,360)			(4,200)	(8,910)	(19,470)
At 30 June 2025	838,173			13,400	65,812	917,385
Depreciation
At 30 June 2024	152,001			9,897	57,978	219,876
Charge for the year	16,734			1,032	10,758	28,524
Eliminate on disposals			-	(3,759)	(6,684)	(10,443)
At 30 June 2025	168,735			7,170	62,052	237,957
Net Book Values
At 30 June 2025	669,438			6,230	3,760	679,428
At 30 June 2024	683,622			7,703	10,384	701,709
10. RECEIVABLES
					2025	2024
					£	£
Trade receivables					13,702	13,868
Other debtors					675	2,538
					14,377	16,406
11. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE			YEAR
					2025	2024
					£	£
Bank loans					17,248	17,248
Trade payables					2,695	684
Accruals and deferred income					12,606	15,099
Taxation and Social Security					3,083	4,847
Accruals and deferred income					1,242	545
					36,874	38,423
12. PAYABLES: AMOUNTS FALLING DUE AFTERONE YEAR
					2025	2024
					£	£
Bank loans					23,422	37,895
					23,422	37,895

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Rainbow Daycare (Eglish) Ltd (Charitable Company Limited by Guarantee)

Notes to the Financial Statements For the year ended 30 June 2025

12. PAYABLES: AMOUNTS FALLING DUEAFTERONEYEAR	12. PAYABLES: AMOUNTS FALLING DUEAFTERONEYEAR
Bank loan	maturity analysis	2025	2024
Repayable Repayable	withinoneyear between one andtwo years	£ 17,248 23,421	£ 17,248 37,895
		40,669	55,143

The bank loans are secured by the assets of the Charity.

13. ANALYSIS OF NET ASSETS

				Unrestricted	Restricted Total funds	Total funds
				funds	funds
				2025	2025 2025	2024
Property, plantand equipment Current assets Current liabilities Non-current liabilities				£ £ £ 382,671 296,757 679,428 164,522 6,128 170,650 (31,553) (5,321) (36,874) (23,422) - (23,422) ma ee AZZ) 492,218 297,564 789,782 —=———eE———E—&—==—E—		£ 701,709 113,212 - (37,895) (37,895)- 777 ,026 ——————————
14. ANALYSIS OF FUNDS
			Opening Balance	Income	Expenditure Transfer Between	Closing Balance
					Funds
Department ofAgriculture and Rural Development			£ 303,212	£ .	£ £ (6,451) .	£ 296,761
Pathways MilkGrant OutdoorLearning Childcare Partnership Education Authority - training	wages	and	- - -	27,837 1,532 2,000 3,000 6,357	(27,232) - (1,532) - (1,802) - (3,000) - (6,357) _	605 - 198 ~ .
Department of Education Pre- School Education Inclusion				3,750	(3,750) -	-
Support Fund
. Restricted Funds			SS 303,212 44,476 (50,124) -			ees 297,564
Unrestricted Funds			435,391	626,703	(569,876) -	492,218
Total Funds			Se eeeesesesessSSSsSFSFeses—s—h 738,603 671,179 (620,000) - 789,782 IIBS

15. CONTINGENT LIABILITIES

A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charitable company. In the opinion of the directors the terms of these letters of offer have been complied with and no loss is expected.

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