## **Trustees' Report and Unaudited Financial Statements for the year ended 31 July 2025**
**CCNI Charity Registration number: NIC107105**
1
**Rainbow Corner Pre-School and Playgroup Contents For the year ended 31 July 2025**
||Page|
|---|---|
|Trustees’ Annual Report|3 - 6|
|Statement of trustees’ responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the financial statements|10 - 16|
2
**Rainbow Corner Pre-School and Playgroup Trustees' Annual Report For the year ended 31 July 2025**
The trustees present their report and financial statements for the year ending 31 July 2025.
## **Other Names**
The charity is at times referred to as various other names relevant to its registered charity name:
- Rainbow Corner Pre-School & Playgroup Moira
- Rainbow Corner Moira
- Rainbow Corner Pre-School
- Rainbow Corner Playgroup
- the acronym RCPP
## **Reference and Administrative Details**
Rainbow Corner Pre-School and Playgroup
Registered Charity in Northern Ireland - NIC107105
2 Main Street Moira Craigavon BT67 0LE
## **Charity Trustees**
The charity trustees who served during the year or who were trustees at the date of this report were:
Owen Gawith Chairperson Natalie Beggs Secretary Samantha Martin Treasurer Caroline Henderson Rachael Stoddart Daniela Mediondo de Lima Janet Morris (appointed 23 September 2024) (resigned 13 April 2026)
## **Structure, Governance and Management**
Those charged with governance of the charity are the trustees also known as the Committee, 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 governing document is the Constitution.
To be elected as a trustee of the charity a person must be a member. The committee is re-elected each year at the AGM. Nominations for elections 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.
3
**Rainbow Corner Pre-School and Playgroup Trustees' Annual Report For the year ended 31 July 2025**
## **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 statutory authorities, community and voluntary organisations and the inhabitants in a common effort to advance education.
This is achieved by the provision of safe and satisfying group play, with the right of parents/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 supports the values and principles of Early Years.
The property and funds of the charity must only be used to fulfill the purposes.
## **Objectives and Activities**
Rainbow Corner Pre-School and Playgroup will deliver the benefits detailed 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; early mathematical experiences; personal, social and emotional development, physical development and movement and the world around us. Observations and assessments 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 learning.
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 interviews and questionnaires, inspections carried out, recommendations and support given by Social Services and the Education and Training Inspectorate.
## **Achievements**
During the year the pre-school received grants from the Education Authority which were primarily used to pay the wages and salaries of the charity, rent, running costs, etc. The staff also organised the annual sponsored cycle to raise funds for the charity and collected termly contributions from parents. These funds were used for the daily snacks for the children and to purchase equipment and resources for the preschool.
The staff and committee also organised other fundraising activities throughout the year for the pre-school and playgroup children and their families. These included raffles and the summer fair. A new event for this year was our Christmas Fun Night with Santa's Grotto. The evening proved very popular and we look forward to holding the event again in the future. We are very grateful to the Rainbow Corner families for their continued support.
4
**Rainbow Corner Pre-School and Playgroup Trustees' Annual Report For the year ended 31 July 2025**
## **Financial Review**
The total income for the charity for the year was £67,714 (2024 - £64,201). The charity's main source of income each year is from the Education Authority which was £40,800 in respect of PEGS funding. This was a drop of 20% from the prior year due to a one off drop in our pupil intake as a result of a low birth rate year. The charity also received multiple grants throughout the year which were primarily used for equipment and wages amounting to £8,780.
The main grants were £4,500 from the Education Authority for Pre-School Inclusion Support, £2,000 from the Education Authority for outdoor play equipment and activities and the John Moores Foundation also generously awarded us a grant of £2,000 to support our playgroup provision within the local community.
Playgroup fees vary each year and this year amounted to £8,711 (2024 - £3,526) the increase is as a result of having 14 children in the year compared to a small class of seven children last year. The termly preschool voluntary contributions amounted to £2,115 and our annual sponsored cycle and other fundraising activities achieved a total of £3,421.
The expenses for the year amounted to £65,693 (2024 - £73,437). The main costs of the charity are staff salaries and rent which together make up 89% of the annual costs. The majority of this portion of costs is covered by our Education Authority PEGS funding.
The remaining running costs and governance costs are kept to a minimum to facilitate investing all available funds into the pre-school and playgroup for the sole benefit of the children using the facility.
The surplus for the year was £2,021 (2024 - deficit of £9,236). The deficit last year was due to some exceptional items and circumstances. The committee has worked hard throughout this year to reduce costs and our leader's excellent reputation and continued efforts meant that our playgroup was almost full which greatly contributed to covering running costs.
The charity's reserves at the year end are £10,641 (all unrestricted) which is in line with our reserves policy.
## **Reserves**
The trustees assess the level of reserves on a continual basis to ensure that they are able to meet any commitments that could easily arise. The committee consider it appropriate to hold a minimum of two months' salary costs as unrestricted reserves.
## **Public benefit statement**
The public benefit requirement is defined in the Charities Act (Northern Ireland) 2008 and states that purposes must be for the public benefit to be charitable. The trustees confirm that they have complied with the duty to have regard to the guidance issued by the Charity Commission for Northern Ireland under section 4(b) of the Charities Act (the public benefit requirement statutory guidance). The trustees are confident that the activities have helped to achieve the charity’s purposes and provide a benefit to the beneficiaries.
5
**Rainbow Corner Pre-School and Playgroup Trustees' Annual Report For the year ended 31 July 2025**
The trustees present their financial statements for the charity for the year ended 31 July 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities (Charities SORP (FRS 102)) preparing their financial statements.
## **Trustees’ responsibilities in relation to the financial statements**
The charity trustees (who are known as the members of committee) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Northern Ireland requires the charity 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 suitable accounting policies and then apply 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 continue in business.
The trustees are responsible for keeping proper accounting records 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 Ireland) 2008 and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charity 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 charity’s 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 September 2025 and signed on their behalf by:
Mr O. Gawith Chairperson
Mrs S. Martin Treasurer
6
**Independent examiner’s report to the charity trustees of Rainbow Corner Pre-School and Playgroup For the year ended 31 July 2025**
I report on the accounts of the charity for the year ended 31 July 2025, which are set out on pages 8 to 16.
## **Respective responsibilities of charity trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
- examine the accounts under section 65 of the Charities Act;
- follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act;
- state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in
the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act;
2. That the accounts do not accord with those accounting records;
3. That the accounts do not comply with the accounting requirements of the Charities Act;
4. That there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner’s statement**
- I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
...........................................
DATE:
7
## **Rainbow Corner Pre-School and Playgroup Statement of Financial Activities including Income and Expenditure Account For the year ended 31 July 2025**
|**Notes**
**Income and endowments from:**
Donations and legacies
**2**
Charitable activities
**3**
Other trading activites
**4**
Investment income
Other income
**Total income**
**Expenditure on:**
Raising funds
**5**
Charitable activities:
Fundraising costs
**6**
Staff costs
**12**
Resources, equipment & activities
**7**
Running costs
**8**
Governance costs
**9**
**Total expenditure**
**Net surplus / (deficit)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**15**
**Total funds carried forward**
**15**|**Unrestricted**
**Restricted**
**Total**
**Total**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
**£**
**£**
2,990
-
2,990
4,073
53,250
8,780
62,030
57,419
2,546
-
2,546
2,534
148
-
148
175
-
-
-
-|
|---|---|
||**58,934**
**8,780**
**67,714**
**64,201**|
||378
-
378
458
175
-
175
323
45,265
5,695
50,960
53,972
1,676
3,085
4,761
5,208
8,895
-
8,895
12,488
524
-
524
988|
||**56,913**
**8,780**
**65,693**
**73,437**|
||**2,021**
**-**
**2,021**
**(9,236)**
-
-
-
-|
||**2,021**
**-**
**2,021**
**(9,236)**
8,620
-
8,620
17,856|
||**10,641**
**-**
**10,641**
**8,620**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
8
**Rainbow Corner Pre-School and Playgroup Balance Sheet For the year ended 31 July 2025**
|**Notes**
**Fixed assets**
Tangible assets
**Total fixed assets**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Total current assets**
**Liabilities**
Creditors: Amounts falling due
**11**
within one year
**Net current assets**
**Total net assets**
**The funds of the Charity:**
Unrestricted income funds
**15**
Restricted income funds
**15**
**Total charity funds**|**2025**
**£**
-
-
2,467
10,215
12,682
2,041
10,641
**10,641**
10,641
-
**10,641**|**2024**
**£**
-|
|---|---|---|
|||-|
|||575
9,602|
|||10,177|
|||1,557|
|||8,620|
||||
|||**8,620**|
|||8,620
-|
|||**8,620**|
The trustees have prepared the financial statements in accordance with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 for circulation to the members.
The notes 1 to 16 form part of these financial statements.
Approved by the trustees on 15 September 2025 and signed on their behalf by:
Mrs S. Martin Treasurer
9
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **1 Accounting policies**
The principal accounting policies that have been adopted consistently throughout the year and the prior year are summarised below.
## **1.1 Basis of preparation**
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 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.
The financial statements have been prepared under the historical cost convention except for investment assets, which 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 benefit entity under FRS 102.
## **1.2 Fund accounting**
Unrestricted 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 donations and charitable activities.
Restricted income funds are funds which are to be used in accordance with specific restrictions imposed by the donor. There were no restricted funds in the year.
## **1.3 Income recognition**
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 receivable can be measured reliably.
Where income received has related expenditure (as with fundraising income) the income and related expenditure are reported gross in the Statement of Financial Activities.
## **Donation and legacies**
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.
## **Tax reclaims on donations and gifts**
Income from Gift Aid is not recognised in this financial year as the Charity registration for Gift Aid was effective from September 2023.
## **Charitable activities**
Grants received for general purposes for the furtherance of the charity's objectives are recorded as income from charitable activities and regarded as unrestricted. Other income from charitable activities relates to playgroup fees, insurance contributions and uniform sales. This income is recognised by the charity when the invoice is raised.
10
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **1 Accounting policies (continued)**
## **1.3 Income recognition (continued)**
## **Other trading activities**
Income from other trading activities is recognised when receivable and the amount can be measured reliably by the charity.
## **Investments**
Interest on funds held on deposit is recognised when receivable and the amount can be measured reliably by the charity.
## **Donated services and facilities**
These are only included in income (with the equivalent amount in expenditure) where the benefit to the charity 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 voluntary help received is not included in the financial statements but is described in the trustees' annual report.
## **1.4 Expenditure and liabilities recognition**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation 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 expenditure is accounted for on an accruals basis.
## **1.5 Irrecoverable VAT**
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
## **1.6 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
## **1.7 Employee benefits**
The charity 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 statement of financial activities.
11
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **2 Donations and legacies**
|Donations
Snack contributions
Sponsored activity|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
57
-
**57**
227
2,115
-
**2,115**
2,865
818
-
**818**
981|
|---|---|
||2,990
-
**2,990**
4,073|
Donations and legacies income for 2024 was fully unrestricted.
## **3 Income from charitable activities**
|**Income from charitable activities**||
|---|---|
|Education Authority PEGS funding
Education Authority PSEISF funding
Education Authority other
John Moores Foundation grant
Playgroup fee income
Insurance contributions
NICSS admiinistration fees received
Uniform sales
Education Authority PEGS funding
Childcare Partnership Regional SGS Grant
Playgroup fee income
Insurance contributions
Uniform sales|**Unrestricted**
**Restricted**
**2025**
**£**
**£**
**£**
40,800
-
**40,800**
-
4,500
**4,500**
1,700
2,280
**3,980**
-
2,000
**2,000**
8,711
-
**8,711**
1,052
-
**1,052**
883
-
**883**
104
-
**104**|
||53,250
8,780
**62,030**|
||**Unrestricted**
**Restricted**
**2024**
**£**
**£**
**£**
50,955
-
**50,955**
-
1,421
**1,421**
3,526
-
**3,526**
945
-
**945**
572
-
**572**|
||55,998
1,421
**57,419**|
## **4 Income from other trading activities**
|General fundraising
Raffles
Christmas activities
Summer Fair
Commission|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
193
-
**193**
710
262
-
**262**
336
820
-
**820**
59
1,271
-
**1,271**
1,389
-
-
**-**
40|
|---|---|
||2,546
-
**2,546**
2,534|
Income from other trading activities for 2024 was fully unrestricted.
12
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **5 Expenditure on raising funds**
|**Expenditure on raising funds**||
|---|---|
|Fundraising and events
Payment processing fees|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
343
-
**343**
427
35
-
**35**
31|
||378
-
**378**
458|
Expenditure on raising funds for 2024 was fully unrestricted.
## **6 Fundraising costs**
|**Fundraising costs**||
|---|---|
|Donations expenses
Advertising|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
76
-
**76**
67
99
-
**99**
256|
||175
-
**175**
323|
Fundraising costs for 2024 was fully unrestricted.
## **7 Resources, equipment and activities**
|**Resources, equipment and activities**||
|---|---|
|Snack provisions
Resources & equipment
Furniture
Trips & activities costs
Snack provisions
Resources & equipment
Furniture
Trips & activities costs
Childcare Partnership grant expenses|**Unrestricted**
**Restricted**
**2025**
**£**
**£**
**£**
828
151
**979**
324
2,459
**2,783**
73
-
**73**
451
475
**926**|
||1,676
3,085
**4,761**|
||**Unrestricted**
**Restricted**
**2024**
**£**
**£**
**£**
1,096
-
**1,096**
830
-
**830**
719
-
**719**
1,142
-
**1,142**
-
1,421
**1,421**|
||3,787
1,421
**5,208**|
13
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **8 Running costs**
|**Running costs**||
|---|---|
|Rent
Office equipment and costs
Telephone and internet costs
Website and computer costs
Insurance
Staff uniform
Bad debt written off
General expenses
Running costs for 2024 was fully unrestricted.|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
7,193
-
**7,193**
9,815
632
-
**632**
990
180
-
**180**
287
179
-
**179**
213
681
-
**681**
608
-
-
**-**
289
-
-
**-**
226
30
-
**30**
60|
||8,895
-
**8,895**
12,488|
|||
|**9**
**Governance costs**
Independent Examiner's fees
Training
Other professional fees
Other charges
Bank interest and charges|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
180
-
**180**
-
-
-
**-**
105
64
-
**64**
178
-
-
**-**
388
280
-
**280**
317|
|---|---|
||524
-
**524**
988|
Governance costs for 2024 was fully unrestricted.
## **10 Debtors**
|**Debtors**||
|---|---|
|Trade debtors
Prepayments
Other debtors|**2025**
**2024**
**£**
**£**
**-**
280
**217**
291
**2,250**
4|
||**2,467**
575|
## **11 Creditors: amounts falling due within one year**
|Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors|**2025**
**2024**
**£**
**£**
**70**
-
**963**
575
**343**
324
**665**
658|
|---|---|
||**2,041**
1,557|
14
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements For the year ended 31 July 2025**
## **12 Staff costs and employee benefits**
|Gross salaries and wages
Social security costs
Staff pension costs|**Unrestricted**
**Restricted**
**2025**
**2024**
**£**
**£**
**£**
**£**
44,417
5,695
**50,112**
53,111
-
-
**-**
-
848
-
**848**
861|
|---|---|
||45,265
5,695
**50,960**
53,972|
Staff costs for 2024 were fully unrestricted.
There were no employees who received total employee benefits in excess of £60,000.
## **13 Trustees' expenses and remuneration**
There were no trustees who received expenses during the year.
There were no trustees who received remuneration during the year.
## **14 Related party transactions**
Please refer to note 13 for transactions with trustees during the year. There were no other related party transactions.
## **15 Analysis of movement in charitable funds**
|Unrestricted income funds
Restricted income funds|**Balance at**
**Balance at**
**01/08/2024**
**Income**
**Expenditure**
**31/07/2025**
**£**
**£**
**£**
**£**
8,620
58,934
(56,913)
10,641
-
8,780
(8,780)
-|
|---|---|
||8,620
67,714
(65,693)
10,641|
Details of each fund can be found at note 1.3.
15
**Rainbow Corner Pre-School and Playgroup Notes to the Financial Statements**
**For the year ended 31 July 2025**
## **16 Analysis of net assets between funds**
|**Analysis of net assets between funds**||
|---|---|
|Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Creditors of more than one year|**Unrestricted**
**Restricted**
**funds**
**funds**
**Total**
**£**
**£**
**£**
-
-
-
10,215
-
10,215
426
-
426
-
-
-|
||10,641
-
10,641|
16