•oW eo
PAOTrA
Trustees, Report and Unaudited Financlal Statements
for the year ended 31 July 2023
CCNI Charity Registration number: NIC107105

Ralnbow Corner Pre-Sth00l and Playgroup
Contents
For the year ended 31 July 2023
Page
Trustees, Annual Report
Statement of trustees, responsibilities
Independent Examiner's Report
Statement of Financial Activitle5
Balance Sheet
Notes to the financial statements
10-15

Ralnbow Corner Pre-school and Playgroup
Trustees, Annual Report
For the year ended 31 Jufy 2023
The trustees present their ￿port and financial statements for the year ending 31 July 2023.
Other Names
The charity is at times referred to as vaTiOUS Other names relevent to its registered charty name:
- Rainbow Corner Pre-school & Playgroup Moira
- Rainbow Corner Moira
- Rainbow Corner Pr&School
- Rainbow Corner Playgroup
- the acronym RCPP
Reference and Admlnlstratlve Detslls
Rainbow Corner Pre-school and Playgroup
2 Maln Street
Moira
Craigavon
BT67 OLE
Registered Charity in Northem Ireland - NIC107105
Charlty Trustees
The charity trustees who served during the year or who were trustees at the date of thts ￿pOrt were:
Nlcola Stevenson
Natalie Beggs
Samantha Martin
Caroline Henderson
Owen Gawith
Rachael Stoddart
Danlela Mediondo de Lima
Alison McLorn
Alison Watson
Emma McGreevy
Chairperson
Secretary
TreaSu￿r
{appointed 25 September 2023)
(appointed 25 September 2023)
(appointed 25 September 2023)
{appointed 25 September 2023)
(resigned 11 August 20231
(resigned 15 August 20231
(resigned 10 September 20231
Structure, Governan￿ and Management
Those charged with governance of the charity are the trustees also known as the Commlttee, as elected
annually by the staff and family members of pupils, are charged with the management of the charity. The
charity staff organise the day to day running of the pre-school and playgroup. The charity's governin8
document is the Constitution.
To be elected as a trustee of the charty a person must be a member. The committee is rtrelected each year
at the AGM. Nominations for electlons to the committee may be made by any family member of the students
and seconded by another. Well-wishers of the charity who. in the opinion of the committee, have special
knowledge or experience to offer to the charity, may also be nominated for election to the commitee.
Members of staff cannot be committee members.
The committee must hold at least two meetings every term.

Rainbow Corner Pre-school and Playgroup
Trustees, Annual Report
For the year ended 31 July 2023
Purpose
The trustees seek to promote play based learning environments and advance education for all children aged
between 2 years and 10 months to 4 years in the Moira locality and its surrounding areas within County
Armagh / Down without distinction of age, gender. marital status. disability, sexual orientation, nationality,
ethnic identity, political or religious opinion, by associating the ststutory authortties, communty and
voluntary organisations and the inhabitants in a common effort to advance education, and in particular
This is achieved by the provislon of safe and satisfying group play, with the right of pa￿nts/carers to take
responsibility for and to become involved in the activities of the pre-school and playgroup and to promote
the preservation of health of the children. The charity $upi￿rts the values and principles of EaTly Years.
The property and funds of the charty must onty be used to fulfill the purposes.
Objectives and Activitles
Rainbow Corner Pre-school and Playgroup will dellver the benefrts detsiled in our Public Benefit statement
through a curriculum that will be planned to ensure that the children learn and develop within the six areas
of the curriculum. the arts; language development; earty mathematical experiences. personal, social and
emotional development, physical development and movement and the world around us. Obser4ations and
assessrnents of each child's development will take place, relevant planning will be carried out to ensure the
provision is sufficient to further advance this evidential learnlng.
Through a continuous process of evaluation the trustees will carry out plans necessary for improvement of
the children's educational provision. This process will include regular staff meetings, ongoing training,
support from local primary schools and the Early Years Organisation. We also seek feedback from parental
intervlews and questionnalres, inspectlons carried out, recommendations and support given by Social
Services and the Education and Training Inspectorate.
Achlevements
During the year the pre-school received grants from the Educatlon Authority which were primarily used to
pay the wages and salaries of the charity. rent, running costs, etc. The stsff also organised the annual
sponsored cycle to raise funds for the charity and collected termty contributions from parents. These funds
were used for the daily snacks forthe children and to purchase equipment and resources for the pre-school.
The stsff and committee also ofganised other fundraising actNtties throughout the year for the pre-school
and playgroup children and their families. These included rdffles and the summer fair. We are very grateful to
the Rainbow Corner families for their continued support.

Rainbow Comer Pre-school and Playgroup
Trustses. Annual Report
For the year ended 31 Juty 2023
Flnanclal Revlew
The total income for the charity for the year was £69,703. The charity's main source of income each year is
from the Education A￿hority which was £50.424 in respect of PEGS funding. The remaining Engage funding
amounting to £2,912 was also received in the year (some wa5 received in the 2021122 academic year and
remained unspent) and was spent on outdoor play refurbishments.
Playgroup fees vary each year and this year amounted to £9,246 - a small amount of this Income which
remain5 unpaid to date was written off. The weekky contributions amounted to £2,310 and our annual
sponsored cycle and other fundraising activities achieved a total of £2.225.
We are very grateful for the continued support of the family and friends of the children at Rainbow Corner
Pre-school and Playgroup as these funds are essential in providing the children with new equipment
regularly and different learning experiences.
The expenses for the year amounted to £71.451. The main costs of the charity are stsff salaries and rent
which together make up 76% of the annual costs. The majority of this portion of costs is covered by our
Education Authority PEGS funding. We had the opportunity this year to invest in our outdoor space through
the provision of additional funding from the Education Authority- this relates to about £7k of our resources,
equipment and activities costs.
The remaining running costs and governance costs a￿ kept to a minimum to facilitate Investlng all available
funds into the pre-school and playgroup for the sole benefrt of the children using the facility.
Reserves
The trustees assess the level of reserves on a contlnual basls to ensure that they a￿ able to meet any
commitments that could easitry arise.
Publlc benefft statement
The public benefrt requirement Is defined in the Charities Act (Northern Ireland) 2008 and states that
purposes must be for the public benefrt to be charitable. The trustees confimi that they have complied with
the duty to have regard to the guidance issued by the Charity Commission for Northern Ireland under section
41bl of the Charwties Act (the public benefit requirement statutory guidan¢e}. The trustees are confident that
the activities have helped to achieve the chariWs purposes and provide a benefrt to the beneficiaries.

Ralnbow Corner Pre-sthool and Haygroup
Trustees, Annual Report
For the year ended 31 Juty 2023
The trustees present their financial statements for the charity for the year ended 31 Juty 2023. The financial
statements have been prepared in accordance with the accounttng policies set out in note I to the accounts
and comply with the Charities Act (Northern Ireland) 2(K)8, The Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015 and Accounting and Reporting by Charities: SLitement of Recommended Practice
applicable to charities {Charities SORP (FRS 102)) preparing their financial ststements.
Trustees, responslbllltles In relatlon to the financlal ststements
The charity trustees (who are known as the members of committee) a￿ responsible for preparing a trustees,
annual report and financial ststements in accordance with applicable law and United Kingdom Accounting
Standards (United Klngdom Generalfy Accepted Accounting Practice).
The law applicable to charltles In Northern Ireland requires the chartty trustees to prepare financial
statements for each 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 the financial
statements, the trustees are required to."
• select 5ultable accounting policies and then appty them consistently.
• observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
' state whether applicable UK accounting standards have been followed. subject to any material departu
disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is Inappropriate to pressume that
the charity will contlnue In business.
The trustees are responslble for keeping proper accounting record5 that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act (Northern I￿land) 2008 and The Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charty and taking
reasonable 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 charivs website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees on 15 April 2024 and s￿ned on their behalf by:
Mrs N. Stevenson
Chairperson
Mrs S. Martin
Treasurer

Independent examiner's report to the board of trustees of Rainbow Corner Pre
School and Playgroup
I report on the accounts of the charity for the year ended 31 July 2023, which are set
out on pages 8 10 15.
Respective responsibilities of charity trustees and examiner
As the charity's trustees you are responsible for preparation of the accoiints In
accordance with the Chanties Act (Northem Ireland) 2008.
It IS my responsibility to:
Examine the accounts under secbon 65 of the Chantses Act
Follow the pro￿ureS laid down In the generdl Direcbons given by the
Commission under section 65{9)(b) ol the Charibes Act
State whether parts'cular matters have come to my attention.
Basls of Independent examlner's report
I nave exaniinpd your chanty accounts as required under section 65 of the Charities
Act and my examination was carried out in accordance with general Direciions given
by the Charity Commission for Northem I￿land under section 65{9)(b) of the
Charities Act.
My examinats'on Included a review of he accounling ￿ordS kept by the charity and a
companson of the accounts presented with those ￿cOrdS. It also included
consideration of any unusual items or d1scl05u￿S in the accounts and seeking
explanab.ons from you as charity trustees Gonceming any such matters.
My role Is to stste whether any material matter5 have come to my attention glving me
cause to believe:
1. That accounb'ng records were not kept in accordance with sectson 63 of the
Chanties Act
2. That the accounts do not accord with Ihose accounbng records
3. That the accounts do not comply with the accounung requirements of the
Chantses Act
4. That the￿ is further Infonnatson needed for a proper understsnding of the
accounts to be reached.
Independent examlner's statement
I have completed my examinaban and have no concems In respect of Ihe matters (1)
to (4> listed abnvp. and, In connecbon Wilh following Ihe Direcbons of the Charity
Commission for Northem Ireland, I have found no matters that require drawing to
your attention.
Aidan Malone (FCA)
Malone Accounting Lld
12 Causeway Road. Newcastle, Co. Down, BT35 6JD
Date: 15 April 2024

Rainbow Corner Pre-school and Playgroup
ststement of Financial Activitses induding Income and Expenditure Account
For the year ended 31 July 2023
Note5 Unrestrlcted Restrlcted
fiinds
funds
Total
2023
Income and endowments from:
Donations and legacies
Charitable activities
Other trading attivites
Investment income
Other income
3,038
65.067
1.514
3,038
65,067
1,514
84
Totsl Incorne
69,703
69,703
Expenditure on..
Raising funds
659
659
Charitsble activities:
FUndra￿Ing costs
Staff costs
Resources, equipment & activities
Running costs
655
44,347
11,994
13,038
655
44,347
11,994
13,038
Governance costs
758
758
T¢)tal expendlture
71A51
71.451
Net defldt
(1,748)
11,748)
Transfers between funds
Net movement In funds
(1.748)
11,748)
Reconclllatlon of funds:
Total funds brought forward
14
19,604
19,604
Totsl funds carrled forward
14
17.856
I7￿56
The statement of financial activities includes all gains and losses ￿COgniSed in the year.
All income and expenditure derive from continuing artivities.

Rainbow Corner Pre-sthool and Playgroup
Balance Sheet
For the year ended 31 Juty 2023
2023
Flxed assets
Tangible assets
Total flxed assets
Current assets
Debtors
Cash at bank and in hand
2,601
20,647
Total current assets
23,248
Llabllltles
Creditors: Amounts falllng due
within one year
li
5,392
Net current assets
17,856
Total net assets
17.856
The funds of the Charlty:
Unrestricted income funds
Restricted income funds
15
17,856
Total charlty funds
17056
The trustees have prepa￿d the financial ststements In accordance with The Charities (Accounts and Reports)
Regulations (Northern Ireland) 2015 for circulation to the members.
The notes I to 16 form part of these financial statements.
Approved by the trustees on 15 April 2024 and signed on their behalf by:
Mrs S. Martin
Treasurer

Rainbow Corner Pre-sthool and Playgroup
Notes to the Flnancial Statsments
For the year ended 31 July 2023
Accounting pollcles
The principal accounting policies that have been adopted consistentty throughout the year and the prior year
are summarised below.
1.1 Basls of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {Charities SORP IFRS
102)), the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102) and The
Charitie5 {Accounts and Reports) Regulations (Northern Ireland) 2015.
The financial statements have been prepared under the historical cost convention except for Investment
assets, whlch are shown at market value. The financial statements include all transactions. assets and
liabilities for which the Charity is responsible in law.
Rainbow Corner Pre-school and Playgroup meets the definition of a public benefft entity under FRS 102.
1.2 Fund accountlng
Unrestrlrted income funds comprise those funds which the trustees are free to use for any purpose in
furtherance of the charitable objects. Unrestricted funds are primarily from the receipt of donatlons and
charitable activities.
Restricted income funds are funds which are to be used in accordan￿ with specifK restrictions imposed by
the donor. There We￿ no ￿$tricted funds In the year.
1.3 Income Tecognltlon
All income is recognised once the charity has entitlement to the Income, it is virtually certain that the income
will be received and the amount of Income receNable can be measured rellably.
Where income received has related expenditure las with fundraising income) the income and related
eXpendItu￿ are reported gross in the Statement of Financial Activities.
Donation and legacles
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions ￿qUITe deferral of the amount.
Tax re¢lalms on donatlons and gffts
Income from Grft Aid is not recognised in this financial year as the Charity registration for Gift Aid was
effectNe from September 2023.
Charltable activities
Grants received for general purposes for the furtherance of the charity's objectives are recorded as income
from charitable attivities and regarded as unrestricted. Other income from charitable activities relates to
playgroup fees, insurance contributions and unrform sales. This income is recognised by the charity when the
invoice is raised.
io

Rainbow Corner Pre-school and Playgroup
Notes to the Financial Statements
For the year ended 31 July 2023
Accounttng policies Icontinued}
1.3 Income recognition Icontinued}
Other trading activities
Income from other trading activities is recognised when re￿1vable and the amount can be measured reliably
by the chBrity.
Investments
Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by
the charity.
Donated servlces and facllltles
These are only included in income (with the equivalent amount in expenditure) Whe￿ the benefft to the
charFty is reasonably quantifiable, measurable and material. The value placed on these resources is the
estimated value to the charity of the service or facility received.
Volunteer help
The value of any voluntsry help ￿te1Ved is not included in the financial statements but is described in the
trustees, annual report.
1.4 Expenditure and Ilabllttles reco8nltlon
Liabilities are recognised as expenditure as soon as there Is a legal or constructive obllgatlon committing the
charity to that expenditure, it is probable that settlement will be required and the amount of the obligation
can be measured reliably.
All expenditu￿ is accounted for on an accruals basis.
1.5 Irrecoverable VAT
Irrecoverable VAT is Charged agalnst the expendfture heading for which it was incurred.
1.6 Credltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably ￿SuIt in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliabty. Creditors and provisions are normally reco8nised at their
settlement amount.
1.7 Employee benefits
The chartty operates a defined contribution pension scheme for its employees. The scheme and its assets are
held by an independent scheme manager. The pension charge represents the contributions due by the
charity during the year.
The charity recognises a cost equal to its contribution payable for the period in the ststement of financial
actwities.
li

Ralnbow Corner Pre-school and Haygroup
Notes to the Financial Statements
For the year ended 31 Juty 2023
Donatlon5 and legacles
Unrestrkted Restricted
2023
Donations
Snack contributions
Sponsored activity
17
2310
711
17
2310
711
3,038
3.038
Income from charltable artlvltles
Unrestrlcted Restrlcted
2023
Educatlon Authority PEGS funding
Education Authority Engage funding
Playgroup fee income
Insurance contributions
Uniform sales
50,424
2,912
9,246
1,2
1.285
50.424
2.912
9,246
1,200
1,285
65,067
65,067
Inwme from other trading actlvttles
Unrestrlcted Restrkted
2023
Raffle5
Summer Falr
Commission
632
773
109
632
773
1,514
1,514
Expendlture on ralsin8 funds
Unrestrlcted Restrfctsd
2023
Fundraislng and events
Payment processing fees
658
658
659
659
12

Rainbow Corner Pre-sthool and Playgroup
Notes to the Financial Statements
For the year ended 31 July 2023
Fundralslng costs
Unrestrlcted Restricted
2023
Donations expenses
Advertlsing
175
175
655
655
Resources* equlpment and activltles
Unrestrkted Restrfcted
2023
Snack provtsions
Children's unlform costs
Resources & equlpment
Furntture
Trips & actrvities costs
Education Authority grant expenses
1,080
1.376
1,489
333
421
7,295
1.080
1376
L489
333
421
7.295
11.994
11,994
Runnlng costs
Unrestrlcted Restrlrted
2023
Rent
Office equipment and costs
Telephone and internet costs
Website and computer costs
Insurance
Bad debt written off
General expenses
9,385
382
546
487
405
1,712
121
405
1,712
121
13,038
13.038
Governance costs
2023
Independent Examiner's fees
Training
Other professional fees
Bank interest and Charges
180
206
35
337
206
35
337
758
758
13

Rainbow Corner Pre-school and Playgroup
Notes to the Flnanaal Statements
For the year ended 31 July 2023
10 Debtors
2023
Trade debtors
P￿payments
Other debtors
1,279
451
871
2,601
11 Credltors: amounts falllng due wlthln one year
2023
Trade credttors
Accruals and deferred income
Taxation and social security
Other credltors
450
2,475
5,392
12 Staff costs and employee beneffts
2023
Gross salarles and wages
Soclal security costs
Staff penslon costs
44,056
291
44.347
There were no employees who ￿ceiVed total employee beneffts in excess of £60,In).
The key management personnel of the charity comprlse the trustees and the P￿-School and Playgroup
Leader. The totsl ernployee benefts of the key management personnel of the charity We￿ £17,648.
13 Trustees. expenses and remuneratlon
There were no trustees who received expenses during the year.
There was one trustee who received remuneration during the year.
Alison Watson received gross remuneration amounting to £1,704 for her temporary role as a playgroup
assistant on a self-employed basis with the charity which was separate from her duties as a trustee. This role
was filled by Mrs Watson due to an u￿ent need following the reintroduction of the playgroup sessions at the
setting. This remuneration was based on the hourly rate for playgroup a$5i5tants as detemiined and
permitted by the committee.
14

Rainlx>w Corner Pre-Sch¢)ol and Hay8roup
Notes to the Financlal Statements
For the year ended 31 July 2023
14 Related party transactlons
Please refer to note 13 for transactions with tmstees during the year. There were no other related party
transactions.
15 Analysls of movement in tharitable funds
Balance at
01/0812022
Balance at
Expenditure 3110712023
Income
Unrestrirted Income funds
Restricted income funds
19,604
69,703
{71,451)
17,856
19,604
69,703
171,451)
17,856
Details of each fund can be found at note 1.3.
This is the first financial year that the charity has a regulatory requirement to prepare financial statements
for submission to The Charities Commission for Northern Ireland. The charity therefore has opening
unrestricted funds as recorded in its accounting records.
16 Anatysls of net assets between funds
Unrestrlcted Restrlcted
funds
funds
Total
Tanglble flxed assets
Cash at bank and in hand
Other net current assets/lliabilities1
Creditor5 of more than one year
20,647
(2,791)
20,647
12,7911
17,856
17,856
15