RAINBOW KIDZ CIC

Company limited by guarantee

Company Registration Number:
13397620 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

RAINBOW KIDZ CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RAINBOW KIDZ CIC

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Blake Hope
Buddington Zachary
Jennifer Clarke
Carole McDonald
Pamela McDonald


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 February 2025

And signed on behalf of the board by:
Name: Jennifer Clarke
Status: Director

RAINBOW KIDZ CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 94 156
Cost of sales: ( 13,754 ) ( 7,088 )
Gross profit(or loss): (13,660) (6,932)
Distribution costs: 0 0
Administrative expenses: ( 27,176 ) ( 17,084 )
Other operating income: 41,103 24,009
Operating profit(or loss): 267 (7)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 267 (7)
Tax: ( 29 ) 0
Profit(or loss) for the financial year: 238 (7)

RAINBOW KIDZ CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 260 0
Investments:   0 0
Total fixed assets: 260 0
Current assets
Stocks:   0 0
Debtors: 4 186 0
Cash at bank and in hand: 1,464 544
Investments:   0 0
Total current assets: 1,650 544
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 538 ) 0
Net current assets (liabilities): 1,112 544
Total assets less current liabilities: 1,372 544
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 1,140 ) ( 550 )
Total net assets (liabilities): 232 (6)
Members' funds
Profit and loss account: 232 ( 6)
Total members' funds: 232 (6)

The notes form part of these financial statements

RAINBOW KIDZ CIC

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 February 2025
and signed on behalf of the board by:

Name: Pamela McDonald
Status: Director

The notes form part of these financial statements

RAINBOW KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer Equipment - 33% reducing balance

RAINBOW KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 7

RAINBOW KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0
Additions 389 389
Disposals
Revaluations
Transfers
At 31 May 2024 389 389
Depreciation
At 1 June 2023 0 0
Charge for year 129 129
On disposals
Other adjustments
At 31 May 2024 129 129
Net book value
At 31 May 2024 260 260
At 31 May 2023 0 0

RAINBOW KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Other debtors 186 0
Total 186 0

RAINBOW KIDZ CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 29
Other creditors 509 0
Total 538 0

COMMUNITY INTEREST ANNUAL REPORT

RAINBOW KIDZ CIC

Company Number: 13397620 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Rainbow Kidz Childcare continue to provide services for the families of the local community. We started our services in January 2022 running a stay and play session for children aged 0 – 3 years old during the school term. The children access the provision with their parent or carer every Wednesday from 9.15 – 11.15. We provide play activities which promote learning and social skills for the children and the session also reduces isolation for families especially since the covid -19 infection. Whilst the sessions have been running, we have supported some parents to access training and employment by sign posting them to various services. We have supported one of our parents to build on her career enabling her to support other families advice about the living crisis with tips and ideas how to save money. We continue to provide holiday clubs during the school holidays for children aged 5 -14 which are funded by Wolverhampton council grants. The children can access fun, creative and learning activities. The club is free for children who receive benefit related free school meals and we also offer spaces for paying children at a low-cost rate. Parents leave their children at the clubs with experienced and qualified staff in a warm, safe and friendly environment. During the clubs the children learn about healthy eating, growing vegetables, cooking skills and they have lots of fun physical games. Each day the children have a hot healthy meal and fruit, snacks and water throughout the day. During the holiday clubs we have now increased our numbers of children with SEND and we ensure the children feel inclusive in all aspects of the holiday club. Parents of children with SEND can have respite while their children attend the holiday clubs. Our services have enabled parents to: Meet, socialise and come back together as a community since covid 19 Access information to other services such as health, employment and benefits Gain part-time employment and continue to work during school holidays Access the food bank provided by the Church Form friendships and social groups We are hoping in the near future to expand our services to other areas in the city which are deprived and have few facilities for children and families.

Consultation with stakeholders

Our Companies Stakeholders are the local parents /carers and children who access our childcare services. During our play and stay sessions we talk to parents/carers to see what activities or services they would like information on. From our consultation with parent’s, we now provide a range of information and leaflets on employment and job search, benefits, child health services and healthy eating. We are also planning to invite health practitioners to the stay and play sessions such as dental services, baby massage and healthy eating services to talk to parents. We also signpost parents to other services to support their needs. Some parents /carers have expressed they need support with toilet training and language skills so we are putting on sessions to help children get school ready for when they start nursery. We continue to work with and consult the parents/carers by asking them to fill out a questionnaire at the end of the club to give us feedback about their children’s experiences and also whether they would like their children to attend future clubs. The feed back we get is very positive and parents are happy with the services we provide and say how our childcare services have helped them with children’s behaviours, socially, mentally and with overall family life. We send these questionnaires to the council to show how the holiday clubs are needed in the community and how they benefit both the children and the family as a whole. We plan to expand our services to another area within Wolverhampton to support the disadvantage and deprivation in the area. We have done some research and spoke to local people who would be happy for us to set up an early years provision for young children within their community as there is lack of provision to support families with young children. The nearest nursery is quite far away for parents to travel and only one local school has provision for 2-year-olds.

Directors' remuneration

The total amount of directors salaries paid was £13,073. There were no other transactions or arrangements in connection with the remuneration of the directors, or compensation for director's loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
23 February 2025

And signed on behalf of the board by:
Name: Jennifer Clarke
Status: Director