RAINBOW CORNER DAY NURSERY
Provide care & education for children aged 0-5yrs with wrap around care to children over 5yrs-8yrs. In a warm friendly family environment so parents can work-rest or play. We provide training for staff and help parents to be a part of their childrens care & education with us.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £255,156 from £196,830 in the prior year, reflecting a net incoming resource of £58,326 against total expenditure of £653,267. The trustees report highlights financial pressures from minimum wage increases and government funding changes, noting that fee increases may be necessary to maintain viability. Despite these challenges, the charity remains in a strong financial position with significant unrestricted reserves.
What the accounts disclose
“The Committee will continue to monitor the budget and forecasts very closely over the coming months and it may be necessary for further increases in September particularly when the final phase of funding comes into force.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Belinda O'Dellchair
- Bruce Thompson
- Deborah Hemmins
- Emily Darlington
- Gillian Morris
- Isla Woodcock
- Rebecca Spicer
- Sandra Hope
- Sara Sheppard
- TIM ANDERS
- TIM JONES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £712k | £653k |
| 31/12/2023 | £596k | £594k |
| 31/12/2022 | £569k | £557k |
| 31/12/2021 | £533k | £521k |
| 31/12/2020 | £434k | £437k |
Common questions
Is RAINBOW CORNER DAY NURSERY financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £255,156 from £196,830 in the prior year, reflecting a net incoming resource of £58,326 against total expenditure of £653,267. The trustees report highlights financial pressures from minimum wage increases and government funding changes, noting that fee increases may be necessary to maintain viability. Despite these challenges, the charity remains in a strong financial position with significant unrestricted reserves. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/11/2010 | £2k | Welcoming Wonderful Wildlife Into Our Nursery Garden |
Charities like this
- RAINBOW COMMUNITY NURSERY
- RAINBOW CHILDREN'S NURSERY LIMITED
- RAINBOW PRE-SCHOOL (WALLINGFORD)
- ST AIDAN'S DAY NURSERY TRUST
- THE RAINBOW CENTRE (MARHAM)
- HIGH WYCH PRE-SCHOOL NURSERY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RAINBOW CORNER DAY NURSERY | £712k | — | 0 | unclear | — | noted |
| RAINBOW COMMUNITY NURSERY | £807k | — | 0 | below | — | no doubt |
| RAINBOW CHILDREN'S NURSERY LIMITED | £432k | — | 0 | above | — | no doubt |
| RAINBOW PRE-SCHOOL (WALLINGFORD) | £295k | — | 0 | below | — | no doubt |
| ST AIDAN'S DAY NURSERY TRUST | £1.1m | — | 0 | above | — | no doubt |
| THE RAINBOW CENTRE (MARHAM) | £2.0m | — | 0 | unclear | — | no doubt |