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← Rainbow Trust Africa

2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1057862

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RAINBOW TRUST AFRICA

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

RAINBOW TRUST AFRICA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17
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RAINBOW TRUST AFRICA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity, as stated in its declaration of trust, are:

The policies adopted to further the objects of the charity are:

Public benefit

The trustees have had regard to the Charity Commission guidance on public benefit.

Volunteers

The charity is grateful for the commitment of its volunteers who are involved in all aspects of the charity's operations.

Page 1

RAINBOW TRUST AFRICA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE Charitable activities

How the charity delivers public benefit.

Developments in 2024

Kings School continues to move forward with exceptional results from students albeit from a slightly reduced number of pupils. The collection of school fees continues to be a challenge. As inflation hits and daily life gets tougher, school fees come second to food and family!

All church properties are in reasonable order and the work in the 5 villages continues and expands.

On the Muzoka site the Grannies accommodation continues to house Monica Muchinou and Inonge Mubiana who live happily in their new home. Potentially, other units are planned. The land is now used for agricultural purposes for local communities. We are looking to develop the area in Muzoka, but efforts to attract fuel station owners are proving to be almost impossible. Solar provision is next on our list, should finance be available.

Support for needy Grannies continued through the provision of food and house repairs and we now support 14 Ladies and Gentlemen plus the Old Peoples Home in Livingstone.

The project to refurbish the existing accommodation on site continues. Further phases await funding. The funding for this project has been raised by specific gifts for the purpose. Further maintenance programs for all areas are on-going.

Food provision to six villages continues with Mealie Meal being supplied. Our significant US sponsor continued to support our efforts and donated significant funds to the project. The sponsor also supports our monthly provision of food supplies to the staff and children at the school.

The Breakfast Club now supports 30 pupils who, if not for the project, would come to school hungry. This project is funded by specific donations from a church in Leicestershire.

At The Kings School the new Science block was completed and is now being used by senior school students.

The Sponsored Child programme has again started to increase, we will look to expand this provision further in 2025 and onwards. There are still around 100 children benefitting from this programme.

On site in Livingstone, it is the trusts intention to pursue the installation of Solar products to make the property more sustainable. This is subject to quality solar installations and funds being available.

Fundraising activities

The charity relies on voluntary donations from churches and individuals for its income. The charity does not employ professional fundraising bodies.

FINANCIAL REVIEW

Income generation

In total the charity's gross income decreased from £188,648 to £173,581. The charity's main source of income are in the form of donations received and Git Aid reclaimed together with the income generated in Zambia. In 2024, the Trust continued to receive specific, restricted gifts from a US sponsor to provide food to villages and other food related provisions.

Page 2

RAINBOW TRUST AFRICA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Resources expended and services

The charity's expenditure for the year was £195,736 (2023: £237,584) of which £181,385 was expended at the Livingstone Centre in Zambia (2023: £248,113). £98,971 of this was spent on salaries employing the staff who further the work of the charity in Zambia (2023:£137,064).

Tangible fixed assets and depreciation

Additions to fixed assets in the year totalled £Nil (2023: £3,648) belonging to the school fund.

Investment policy and objectives

The charity has adopted a policy of periodically investing in an interest bearing account with Indo Zambia Bank (IZB) in Zambia.

Reserves policy

The trustees are responsible for setting a reserves policy, taking into account the administrative overheads of the charity.

Donations made to the charity for a specific purpose have to be recorded as restricted funds because the usage is specified by the donors. All other funds may be referred to as unrestricted funds. At 31 December 2024 the level of reserves held in restricted funds amounted to £58,756 (2023:£64,013).

The level of reserves held in unrestricted funds at 31 December 2024 amounted to £310,945 (2023: £327,844) which is considered sufficient to ensure that future calls upon he charity can be met.

Restricted funds

Restricted funds were held during the year for the following purposes:

Child Sponsorship/School Fund - set up to provide for the education, clothing and subsistence of a number of children attending the Rainbow Pre-school, The King's School and Muzoka pre-school and basic school. 3/8ths of the non-attributable centre costs are allocated to this project.

Village Outreach - set up with the dual purpose of taking evagelism and medical care into the villages surrounding Livingstone, Zambia.

Granny Fund - set up to support elderly grannies and granddads who are sometimes looking after children.

Church Development - Finance is raised to support the re-building and repairs to the various church buildings supported.

New Guest House (Burton House) - This is a restricted fund for the purpose of building an additional accommodation building on the site in Livingstone which is for the use of the trustees who carry out work at the base. The project is now complete.

Page 3

RAINBOW TRUST AFRICA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FUTURE PLANS

The Trustees anticipate further involvement of short term teams visiting to assist and support our work. The need for assistance includes general maintenance on the Livingstone and Muzoka sites and the growth and nurturing of village churches as well as support for the needy Grannies and medical outreach to remote villages.

New projects will include the further development of additional purpose built duplex homes for several of the Grannies on the secure Muzoka site. This initiative has been driven by the increase in unwelcome interference, theft and vandalism of a number of such homes in Livingstone.

A major single project in the coming years will be the expansion of school property, as funds allow.

The project to refurbish the existing accommodation on site continues throughout the year. The funding for this project has been raised by specific gifts for the purpose. There is now in place an on-going maintenance programme for all buildings on our complexes at Livingstone and Muzoka, this will continue. Bookings for our accommodation in 2024 grew again.

A significant programme for the Livingstone centre is the installation of Solar Power on site (see above). We envisage that this will continue in the form of further site lighting and office provision, if finance can be generated.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust dated 20 November 1995, and constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Trustees are selected by the other members of the trustee board. Trustees serve a term of four years after which they may submit themselves for re-election.

In selecting the new trustees, they seek to identify people who regularly attend events and functions organised by the charity and are willing to volunteer to help to raise funds on behalf of the charity. Potential trustees are invited to attend trustees' meeting as observers and are given more details of the charity's aims and activities, and if all agree, they are then proposed as new trustees at a subsequent trustees' meeting. This process allows due consideration of the persons eligibility, personal competence, specialist knowledge and skills.

Organisational structure

The charity trustees are responsible for the general control and management of the charity. All of the Trustees give their time freely and receive no remuneration or other benefits but are reimbursed for their expenses. Notwithstanding his resignation in 2020, Mr. Ewart Crowther remains active with the work oversight to the churches. The amounts paid in respect of ministry fees and expenses are in accordance with the trust deed.

Governance and internal control

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

The trustees have reviewed the adequacy of the charity's internal controls and are pleased to report that the charity's financial controls, in particular, conform with guidelines issued by the Charity Commission.

Page 4

RAINBOW TRUST AFRICA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

The new trustees are introduced to their new roles and given copies of the trust deed and guide to the policies and procedures adopted by the charity. Publications from the Charity Commission are also provided including the guidance on charities and public benefit, thus ensuring that the new trustees are aware of the scope of their responsibilities under the Charities Act. The process adopted by the charity is that the new trustees work with the existing trustees assisting on particular activities and projects run by the charity. Once the new trustees has gained enough experience then they are given task of leading particular activity and project and accordingly reporting progress at the trustees' meeting.

Risk management

The trustees have assessed the risks the charity faces and have drawn up a risk plan which identifies the major risks by area of activity, the nature of those risks, the likelihood of those risks happening and the measures taken to manage them. The trustees review the risk plan regularly at their meetings. The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. Systems are also in place to review the charity's finances and these are supported by the review of the charity's policies on a regular basis.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1057862

Principal address

c/o The Manse 22 De Montfort Street Leicester LE1 7GB

Trustees

Mr A Eagle (Chair) Mr T J Eagle Mr J Watts Mr D R Burton

Independent Examiner

Mr A Turner FCA Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... Mr A Eagle - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAINBOW TRUST AFRICA

Independent examiner's report to the trustees of Rainbow Trust Africa

I report to the charity trustees on my examination of the accounts of Rainbow Trust Africa (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr A Turner FCA

Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester Leicestershire LE1 7RU

Date: .............................................

Page 6

RAINBOW TRUST AFRICA

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
66,988
Other trading activities
2
-
Total
66,988
EXPENDITURE ON
Charitable activities
Livingstone Centre
9,160
Other Charitable Expenditure
3,086
Other
8,998
Total
21,244
NET INCOME/(EXPENDITURE)
45,744
Transfers between funds
10
(62,641)
Net movement in funds
(16,897)
RECONCILIATION OF FUNDS
Total funds brought forward
327,844
TOTAL FUNDS CARRIED FORWARD
310,947		 Restricted
funds
£
25,296
81,297
106,593
172,225
2,267
-
174,492
(67,899)
62,641
(5,258)
64,013
58,755		 2024
Total
funds
£
92,284
81,297
173,581
181,385
5,353
8,998
195,736
(22,155)
-
(22,155)
391,857
369,702		 2023
Total
funds
£
110,876
77,772
188,648
248,113
11,227
(21,756)
237,584
(48,936)
-
(48,936)
440,793
391,857

The notes form part of these financial statements

Page 7

RAINBOW TRUST AFRICA

BALANCE SHEET 31 DECEMBER 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
107,740
CURRENT ASSETS
Debtors
7
10,037
Cash at bank
202,709
212,746
CREDITORS
Amounts falling due within one year
8
(9,540)
NET CURRENT ASSETS
203,206
TOTAL ASSETS LESS CURRENT
LIABILITIES
310,946
NET ASSETS
310,946
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
243,493
12,340
39,747
52,087
(236,824)
(184,737)
58,756
58,756		 2024
Total
funds
£
351,233
22,377
242,456
264,833
(246,364)
18,469
369,702
369,702
310,946
58,756
369,702		 2023
Total
funds
£
362,317
25,596
252,953
278,549
(249,009)
29,540
391,857
391,857
327,844
64,013
391,857

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr A Eagle - Trustee

The notes form part of these financial statements

Page 8

RAINBOW TRUST AFRICA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 25% on cost Motor vehicles - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

continued...

Page 9

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. OTHER TRADING ACTIVITIES

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|||| |---|---|---| |2024|2023| |£|£| |School Fees|77,985|76,177| |Accomodation income|3,312|1,595| |81,297|77,772|

----- End of picture text -----

3. TRUSTEES' REMUNERATION AND BENEFITS

The amount paid in respect of ministry fees and expenses, in accordance with the trust deed, was £Nil (2023: £16,630).

No amount was paid to any trustee for the services of being a trustee.

Trustees' expenses

One trustee (2023: one) was reimbursed for flights and travel expenses totalling £3,086 (2023: £4,002).

During the year the trust paid £3,086 reimbursement of travel expenses to L Burton (2023: £4,002) who is the wife of D Burton who is the trustee of the trust.

4. STAFF COSTS

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|||| |---|---|---| |2024|2023| |£|£| |Wages and salaries|98,971|153,694| |98,971|153,694|

----- End of picture text -----

The total remuneration paid to the staff employed at the Livingstone Centre amounted to £98,971 (2023: £137,064).

The average monthly number of employees during the year was as follows:

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|||| |---|---|---| |2024|2023| |Livingstone Centre Staff|74|74|

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No employees received emoluments in excess of £60,000.

continued...

Page 10

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 84,356 26,520 110,876
-
Other trading activities 77,772 77,772
Total 84,356 104,292 188,648
EXPENDITURE ON
Charitable activities
Livingstone Centre 4,200 243,913 248,113
Other Charitable Expenditure 8,046 3,181 11,227
Other (21,756) - (21,756)
Total (9,510) 247,094 237,584
NET INCOME/(EXPENDITURE) 93,866 (142,802) (48,936)
Transfers between funds (136,589) 136,589 -
Net movement in funds (42,723) (6,213) (48,936)
RECONCILIATION OF FUNDS
Total funds brought forward 370,567 70,226 440,793
TOTAL FUNDS CARRIED FORWARD 327,844 64,013 391,857
----- End of picture text -----

continued...

Page 11

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

----- Start of picture text -----
6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 January 2024 and 31 December 2024 531,492 37,991 33,296 602,779
DEPRECIATION
At 1 January 2024 170,250 36,916 33,296 240,462
Charge for year 10,549 535 - 11,084
At 31 December 2024 180,799 37,451 33,296 251,546
NET BOOK VALUE
At 31 December 2024 350,693 540 - 351,233
At 31 December 2023 361,242 1,075 - 362,317
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 12,340 8,798
Other debtors 10,037 16,798
22,377 25,596
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 9) 218,508 221,229
Other creditors 27,856 27,780
246,364 249,009
----- End of picture text -----

continued...

Page 12

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank overdrafts
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Child Sponsorship/Library fund
Health Centre Fund
Grannies Fund
Accomodation Fund
New Guest House (Burton House) Fund
Church Roof / Meeting Place
Accomodation Upgrades Fund
TOTAL FUNDS		 At 1.1.24
£
327,844
-
-
18,777
-
42,778
92
2,366
64,013
391,857		 Net
movement
in funds
£
45,743
(41,581)
(8,162)
(4,683)
(12,697)
(482)
(293)
-
(67,898)
(22,155)		 2024
£
218,508
Transfers
between
funds
£
(62,641)
41,581
8,162
-
12,697
-
201
-
62,641
-		 2023
£
221,229
At
31.12.24
£
310,946
-
-
14,094
-
42,296
-
2,366
58,756
369,702

continued...

Page 13

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Child Sponsorship/Library fund
Health Centre Fund
Grannies Fund
Accomodation Fund
New Guest House (Burton House) Fund
Church Roof / Meeting Place
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Child Sponsorship/Library fund
Health Centre Fund
Grannies Fund
Accomodation Fund
New Guest House (Burton House) Fund
Church Roof / Meeting Place
Accomodation Upgrades Fund
TOTAL FUNDS		 At 1.1.23
£
370,567
2,577
-
21,550
88
43,260
385
2,366
70,226
440,793		 Incoming
resources
£
66,988
103,281
-
-
3,312
-
-
106,593
173,581
Net
movement
in funds
£
93,866
(106,598)
(8,912)
(2,773)
(23,744)
(482)
(293)
-
(142,802)
(48,936)		 Resources
Movement
expended
in funds
£
£
(21,245)
45,743
(144,862)
(41,581)
(8,162)
(8,162)
(4,683)
(4,683)
(16,009)
(12,697)
(482)
(482)
(293)
(293)
(174,491)
(67,898)
(195,736)
(22,155)
Transfers
between
At
funds
31.12.23
£
£
(136,589)
327,844
104,021
-
8,912
-
-
18,777
23,656
-
-
42,778
-
92
-
2,366
136,589
64,013
-
391,857

continued...

Page 14

RAINBOW TRUST AFRICA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Child Sponsorship/Library fund
Health Centre Fund
Grannies Fund
Accomodation Fund
New Guest House (Burton House) Fund
Church Roof / Meeting Place
TOTAL FUNDS		 Incoming
resources
£
84,356
96,154
6,543
-
1,595
-
-
104,292
188,648		 Resources
Movement
expended
in funds
£
£
9,510
93,866
(202,752)
(106,598)
(15,455)
(8,912)
(2,773)
(2,773)
(25,339)
(23,744)
(482)
(482)
(293)
(293)
(247,094)
(142,802)
(237,584)
(48,936)

11. EMPLOYEE BENEFIT OBLIGATIONS

The charity makes contributions to a defined contribution pension scheme for the benefit of its employees. A provision of £16,000 for pension contributions is included in accruals (2023: £16,000).

The original contracts of employment were replaced with short term contracts with specific pension terms. The cost of the contributions are written off against profits in the year they are payable.

12. RELATED PARTY DISCLOSURES

During the year £7,400 (2023: £6,150) of donations were received without conditions from trustees.

Page 15

RAINBOW TRUST AFRICA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Other trading activities
School Fees
Accomodation income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Repairs
Insurance
Light and heat
Telephone
Postage and stationery
Vehicle costs
Sundries
School expenses
Subsistence
Travel costs
Child sponsorship expenses
Support costs
Finance
Bank charges
Freehold property
Fixtures and fittings		 2024
£
82,247
10,037
92,284
77,985
3,312
81,297
173,581
98,971
2,854
4,793
15,825
741
682
10,019
8,316
5,243
22,857
3,086
2,267
175,654
590
10,549
535
11,674		 2023
£
94,047
16,829
110,876
76,177
1,595
77,772
188,648
137,064
8,071
4,486
15,174
1,371
8,072
18,667
11,179
3,296
29,571
8,046
3,181
248,178
811
10,630
532
11,973

This page does not form part of the statutory financial statements

Page 16

RAINBOW TRUST AFRICA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Finance
Other
Ministry fees
Marketing
Foreign exchange (gain)/loss
Governance costs
Independant Exam Fees
Accountancy fees
Total resources expended
Net expenditure		 2024
£
-
168
2,122
2,290
4,440
1,678
6,118
195,736
(22,155)		 2023
£
16,630
216
(46,497)
(29,651)
5,256
1,828
7,084
237,584
(48,936)

This page does not form part of the statutory financial statements

Page 17