RAINBOWS BEREAVEMENT AND LOSS SUPPORT GB RAINBOWS BEREAVEMENT SUPPORT GB COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS For the Year Ended 31st August 2024 Company Registration Number 03231375 Charity Number 1058476 The princlpal objertlves and actlvltles of Ralnbows Bereavement Support Great Brltain." Raising awareness of the impact of bereavement and loss on children, young people and adults Providing high quality education and training in bereavement and loss which is based on current research and supports best practice. (Current Govt. recommendations and Ofsted guidelines) Offering practical, realistic and sensitive guidance to help schools ensure they have appropriate bereavement policies and procedures. Nurturing and developing the emotional health, resilience and well-being of children, young people and adults who have experienced a significant loss through death, relationship breakdown or other Adverse Childhood Experiences (ACE) Providing strurtured, developmentally appropriate peer support programmesfor grieving children and young people aged 4 to 19
RAINBOWS BEREAVEMENT SUPPORT GB CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr AUGusf 2024 Page Contents Page Reference and Administration Information Report of the Trustees 3to9 Independent Examiner's Report 10 Statement of Finanaal Activities 11 Balance Sheet 12 Notes to the Finanaal Ststements 13to16
RAINBOWS BEREAVEMENT SUPPORT GB CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr AUGusf 2024 Page Contents Page Reference and Administration Information Report of the Trustees 3to9 Independent Examiner's Report 10 ststement of Finanaal Activities 11 Balance Sheet 12 Notes to the Finanaal Ststements 13to16
RAINBOWS BEREAVEMENT SUPPORT GB REFERENCE AND ADMINIsfRATION INFORMATION FOR THE YEAR ENDED 31sr AUGUST 2024 Registered Charity name Charity number Company registration number Registered offi Rainbows Bereavement SuptX)rt Great Britsin 1058476 03231375 Rainbows Resour Centre Hall lane Maghull Llverpool L313DZ Trustees Jan O'Neill (Chair) Chris Hall (Vice Chair) Tony Leonard (Hon. Treasurer) Anne Dawes Dr Sue Kay-Howers Stephen Philip Harrison Rachd Molyneux Mark Taylor Company Secretary Sue Wass National Director Sharon Mdia-craven National Management Committee Sharon Melia Craven Sue Wass Denise Hegaty Theresa March Sheila Kdly Sandrd Ferris Derek Kdly Brigida Martino Emily Ststher Independent Examiner Prior, FCC4 FCI4 DChA W.H. Prior Chartered Certified Accountsnts Railway Court, Doncaster DN4 5FB Bankers HSBC Bank plc High Street Rushden Northamptonshire NNIO ONP Solicitors Brabners Chaffe Strt l Dale Street Liverpjol L2 2Er Page 2
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRusfEES FOR THE YEAR ENDED 31sr AUGusf 2024 The trustees, who are also directors of the charty for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st August 2024. The trustees have adopted the provisions of the Charities SORP (FRS 102) "Accounting and Reporting by Charities" Reference and Administrative details Reference and administrative detsils are shown in the schedule of reference and administration information on page 2 of the financial statements. Trustees The trUStS who served the charity during the period and as at the date of this report were as follows: Jan O'Neill (Chair) Paul Cronin (WI aiair & Hon. Treasurer) (Retired March 2024) Chris Hall (Wice Chair appointed March 2024) Tony Leonard (Hon. Treasurer appointed March 2024) Anne Dawes Stephen Philip Harrison Dr Sue Kay-Flowers Rachd Molyneux Mark Taylor STRUCTUR4 GOVERNANCE AND MANAGEMENT Governing document The Organisation is a charitsble company limited by guarant, incorporated on 30th July 1996 as amended by special resolution dated 14th March 1998, 24th February 2010 and 7th October 2011 and registered as a charty on 4th October 1996. The company was estsblished under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Assoaation. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointsnent of new trustees Recruitrnent of trustees is by advertising by existing Trustees, members of the National Management committ and the wider Rainbows family and from those with strategic experti* and experience. Induction and training of new trustees All Trustees receive an induction programme which consists of meetings with the Chair of Trustees, the National Director and staff at the National Resource Centre covering: - duties of trustees. - familiarity with the charity's Memorandum & Artides and appropriate guidance from the Charity Commission; background to the organisation and its devdopment in Great Britsin. - the current activities of the charity and how it is organised, structure and stsffed, and the current and projected financial position. - evaluation of the impact of Rainbows materials currently used in schools and other settings. Risk management The trustees actively review the major risks whlch the charity faces on a regular basis. Where approprlate, systems or procedures have bn established to mitigate the risks the tharity fraces and a formal risk register has bn established. Internal control risks are minimised by the implementstion of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, dients and visitors and systems a in place to ensure that relevant checks have been carried out on any persons working with children Organisational structure The Board of Trustees manages the business of the Company and where necessary ddegate their powers to comMittS for specific to be carried out The Board of Trustees meets regularly to oversee the work of the Management committ and Finance Committee who also mt regularly with specific members responsible for training, finance, fundraising and resources. There are a growing number of local geographical suptX)rt groups responsible to and SUPtX)rted by the National Director. Page 3
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGUST 2024 Connerted Parties The Company is a connected paty of Rainbows USA which has similar objectives to the Company. The Resource Centre of Rainbows Bereavement Support GB supplies sites with a range of materials in Great Britsin. Objectives and Activities The primary aim of Rainbows Bereavement Support GB is to offer support for children, young people and adults who have experienced beavement and loss. We provide training based on current research and government recommendations to enable schools to provide struttured, devdopmentally appropriate peer support Interventions for children and young people. Our alm Is to support the emotional health, resilience and well-being of young people who have experienced significant loss and other Adverse Childhood Experien (ACE) and to enable schools to create "safe spas. and to provide Psychological rst Aid. Psychological FI Aid principles are characterised by creating a space where people can. . Feel safe, connected to others, calm and hopeful. Have access to social, physical and emotional support. . Regain a *nse of control by being able to help themselves. We review our aims and objectives each year to ensure we remain focused on our stated purpoE Our review takes note of the Charity Commission's guidance on public benefit and our relevance in the light of the COVID-19 pandemic We agree a Strategic Development Plan on a three-year cyde and set ourselves annual targets. We cary out our aims by providing materials and training to schools and other institutions who 5k to work expliatly and in a structured way with children and young people who are experiencing bereavement and loss. Our poliaes are regularly reviewed and now aCSSIble on our website. http&th Founded in 1992, Rainbows Bereavement Support GB has provided training to overl,500 schools in England, Scotland, and Wales. We have worked in partnership with officers from a local authority in a specific project to establish Rainbows training in their schools. Our vision is quite simply for every child and young person in every school in Great Britsin, grieving a significant and often devastating loss in their lives, to be understood arKJ supported appropriately. Rainbows Offers High quality training in bereavement and loss based on current research and current offiaal guiddines relating to bereavement and loss and the role of schools in supporting young people's mentsl health. Practical, realistic and sensitive guidan for sthools to review or develop their own beaVernent licY. Specific training for facilitstors and coordinators of the Rainbows devdopmentally programmes. On-going contact and suptJ)rt for all registered schools Annual CPD for all Registered Directors (RDS) Rainbows programmes provide an emotionally safe Spa for children, young people and adults to guide them through a significant loss in their lives by implementing a structured, developmentslly appropriate support programme faalitsted by trained staff. The partiapants meet in small groups for twdve to fourteen WklY sessions where they a SUPtX)rted to express and thare their flingS. Page 4
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGusf 2024 Research and Evaluation about the positive impact of Rainbows A professional and independent study across 93 schools in 2011, found strong evidence that Rainbows makes a tremendous difference to children and young people who are grieving a significant loss. Partiapants were found to benefit by having a trained, trusted adult who faalitstes peer group work in a safe, community setting. A unique feature of the Rainbows programme is that the participants are supported by specifically trained members of their own community / school. This offers the possibility of on-going support after the programme has finished and demonstrates the school's continued support and commitment to those who have experienced a significant loss in their lives. Our internal evaluations and feedback from children and young people, families and schools in 2019 indicate we are having a very posltive impacL 91 % of young people of all ages who have partiapated in the Rainlx)ws told us it was helpful. Parents and carers consistently spoke of the positive impact, and all said they would recommend the programme to other families. School staff reported that significant progress was made in the devdopment of personal skills such as self-esteem, confidence, empathy, communication skills, soaal interaction and anger management. Stsff also reported an increase in young peoples, academic performance and classroom participation. raintx)w arch- documents Volunteers The Company is partially dependent on the use of volUntrS to assist in providing the training to schools. The training of these volunteers is provided by Rainbows GB. ACHIEVEMENTS AND PERFORMANCE The work of Raintx)ws Bereavement Suptx)rt GB continues to be consolidated in schools that have facilitsted the programmes for many years. feedback from children, young people, their parents and carers, and staff in schools is always extremely tx)sitive. Many schools have retx)rted very significant negative impacts relating to funding issues, with the need in some cases for staff redundanaes. The financial costs of delivering our programme in terms of staffing costs have meant that several schools have reported difficulties in covering the costs for two members of their staff to ddiver the programme. In response to this we have reviewed our advi to schools given during initial training. We still recommend that two members of staff deliver the programmes where tx)ssible and would continue to e this as best practice. However, we also rogniSe the increased levels of professional expertise in schools and now support schools who are able to provide a single member of staff to deliver the programmes. Some additional training and emphasis is given regarding the support which may IE required for the staff Despite these difficulties we have trained a fvrther 40 schools during this period and have provided updated training to a further 19 schools across Great Britain. The Charity is grdteful to all th0 committed Individuals at national, regional and local levels who do so much to assist the devdopment of Rainbows Bereavement Support GB and therefore assist children and young people grieving a significant and often dewastating loss in their lives. Opportunities Despite the signifi(3nt challenges we face we are confident we can continue to provide schools with high quality training and resources at the lowest possible cost. We will continue the P suptX)rt programmes we have provided for over thirty years. We will also offer a New Wellbeing Programme which has been trialled extensively and has bn extremely well received. Trustees are also committed to identifying further optX)rtunities to maximise the Charity's income through regular donations, sponsored attivities, successful grant appli(3tions and broadening the roll out of the Rainbows Programmes beyond the normal school day. Page 5
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGusf 2024 Achievements The trUStS approved a Three-year Strategic Development Plan (2021-2024) covering five discrete areas for the further consolidation and development of our work: Governance Finance Management Profile Evaluation, Rearch and Development Copies of the Strdtegic Development Plan for 2021- 2024 may be obtained from our National Director ,Sharon Melia Craven at .rainbo In addition, we have agreed and finalised our next Thr Year Strategic Development Plan for the period 2024-2027 with new headings:_ SPECIFIC PLANS FOR 2023-2024 Like many charities we have fdt the ongoing impatt of the finanaal conditions in Great Britain and the cost of Imng crisis" This has affected our ability to rai funds through donation& Continuing funding issues in education have also had a negatwe impacL We are however, pleased to report that we have bn able to achieve many of the specific tsrgets set for the year 2023 -2024, these relate to our three-year strategic devdopment plan: Governan Appoint Vice Chair Achieved (Chris Hall appointed March 2024) Appoint Treasurer Achieved (Tony Leonard appointed March 2024) Apw)int Administrator for Microsoft 365 Ongoing Embed Microsoft 365 software for all electronic dats Achieved Aptx)int new trustee Ongoing Review Patron role Achieved Review succession Ongoing Review carbon footprint Achieved Management Aptx)int Regional Officer for Scotland Achieved Open bank account for Scotland and Liverpool Achieved Apw)int VI thair to NMC Achieved Establish sub committee to develop proposal for logo and strap line Achieved Sub committee to work with external professional on website devdopment Achieved Establish Terms of Reference ffOR) with other groups such as c Ongoing Devdopment of TOR in relation to Management Committ& Achieved Devdop models for Facilitstor and Coordinator support and mentoring (workshops CPD) Ongoing Page 6
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGUST 2024 Finance and Fundraising Project with MATS in North E4 East Midlands and Humber Tees Ongoing Estsblish specific project to in(Tease funding via direct debit Ongoing Establish and evaluate u of Xero Achieved Profile Devdop reciprocal signtx)sting on website with other charities Ongoing Develop use of our logo by schools and other communities Achieved Increase number of RDS Achieved Increase number of new sites Achieved Evaluation, Research and Development Deliver training and CPD for all RDS Achieved Establish relevant gOVnment and researth documents on our website and update this annually Ongoing Complete and evaluate our internal ed1uation process for the impact of Raintx)ws Ongoing Survey all RDS re their role and skills Ongoing FINANCIAL REVIEW Transactions and Finanaal Position The defiat for the year was £3,808 (2023 - deficit £28,273). The deficit is not unexpected and is approximately lower than the budget defiat fore(3sL This was due to some generous donations which helped to offset the reduction in our training and sales income with thols. We have now dosed 8 Regional Accounts. This saves approximately £500 per annum and also provides a far more efficient operating tTK)dd for the future. The trustees contlnue to review the current financlal situation of the charity. We have developed a new product which will be aailable from September 2024. The Charity's funds have bn suessfUllY applied to provide support and assistan to young people and adults who have lost a close rdative or loved one through death, divor or other adverse arcUMsts. Reserves It is the policy of the charity to maintain unrestricted funds not committed or invested in tsngible fixed asts or stock of publications (which are tx)th integral and not easily realisable), to a levd which equates to 9 monthg unrestricted expendire in order to provide 9Jfficient cashflow for the charity's operations, and its contractual obligations to employees, etc. Page 7
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sr AUGUST 2024 Prinapal funding sources The principal funding sources for the charity are from the sale of materials; training fees received from schools and other institutions. donations from the Institute of Our Lady of Mercy and individuals through a variety of fundraising attivities and by monthly standing orders. PLANS FOR FUTURE PERIODS Trustees continue to rigorously evaluate and monitor all operational activities within the charity to ensure the most effective and efficient organisational prdctice, thereby ensuring the most positive outcomes. Supporting the work of the charity in the regions and thereby in the 1,500+ schools trained and registered, is always an extremely important dimension of our annual planning, especially fn newly developed regions. Training in bereavement and loss for new members of staff and in particular for those new to leadership roles in registered schools is essential and is offered regularly. On%oing effective communication Is crucial. All plans and targets relate directly to the five sections in our new Three-year Strdtegic Development Plan. (September 2024- August 2027) GOVERNANCE The Trustees will ensure dear direction and Complian for the organisation in relation to Charity Commission guidance over the next thr years Key Objectives: Ensure the Charty is'fit for purpose, and develop a roadmap for succession planning Attrdct new Trustees, review skills and develop the induction process Review the role of patrons and increase their number To review and update all employment policies, procedures and risk assessments to ensure the charity continues to meet all ststutory requirements Ongoing reviEw of carbon footprint MANAGEMENT The National Director, with the support of the Trustees, will oversee the effective management of the Charity through the implementstion of the current Strategic Development Plan. Key Objectives . Ensure the organisation is 't for purpose" and able to grow sustsinably via the following key areas: Using the role of the National Director, with trust support to oversee the effective management of the Charity through the Implementstion of the current Strategic Devdopment Plan. Continue to devdop the role of the Management Committe& Sales and Marketing Introduce and u* effectively Microsoft 365 Review and update resources induding training resources Ensure the Resource Centre is operational Support the work of Regional areas Ensure effective training of RDS FINANCE AND FUNDRAISING The Trustees will encourage and suptX)rt members of the Finance committ to tske all nSSary steps to further financially secure the charity. Page 8
RAINBOWS BEREAVEMENT SUPPORT GB REPORT OF THE TRusfEES FOR THE YEAR ENDED 31sr AUGusf 2024 Key Objectives: Ensure the Charity is complaint in all areas of the organisation and hdp it to grow. Compliance across all region& Manage stock at the Resource Centre responsibility Support the Bids, Grants and Fundraising working group Centrali* Regional accounts OPERATING MODEL The Trustees will work closdy with the National Director and the National management committ to devdop an equitable, trdnsparent, coherent and ethlcal operating model of the Charity across all region& Key Objectives: Devdop the reach of Rainlx)ws, increaslng its accessibility to schools and children Tern of Reference Working with partners Regional Structures Contrdcts Website EVALUATION, RESEARCH AND DEVELOPMENT The Trust5 will support the findings of the ERD group Key Objectives: Devdop the reach of Rainlx)ws, highlighting ts value and rdevance to schools and pupils via 3 key areas: Devdop academic links Pilot and develop new Rainlx)w progrdmmes Devdop Rerch into the value and impact Raintx)ws RESPONSIBILrrIES OF THE TRusfEES The trustees (who are also the directors of Rainbows Bereavement Suptx)rt Great Britsin for the purtK)ses of company law) are resp)nsible for preparing the Trustees Annual Report and the financial ststements in accordance with applicable law and United lfjngdom Accounting Standards (United Kingdom Generdlly ACpted Accounting Prdctice). Company law requires the trustees to prepare financial ststements for each finanaal year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding the income and expenditure, of the charitsble company for that period. In preparing these finanaal statements, the trustees are requir to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make Judgnents and estimates that are reasonable and prudent. state whether applicable UK A£counting Stsndards have been followed, subject to any material departures disdosed and explained in the firkinaal statements. prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitsble company will continue in operation. The trustees are responsible for keeping proper accounting records that disdose with reasonable aUraCY at any time the finanaal tX)sition of the charitsble company and enable them to ensure that the finanaal statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitsble company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has bn prepared in accordance with the special provisions of Part 15 of the Companies Att 2006 relating to small companies. ON BEHALF OF THE BOARD: Jan O'Neill 21st March 2025 Page 9
INDEPENDEKf EXAMINER'S REPORT TO THE TRusfEES OF RAINBOWS BEREAVEMENT SUPPORT GB I report to the charity trustees on my examination of the accounts of the Company for the year ded 31st August 2024. Responsibilities and basis of report As the charity's trustees (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Att 2006 Clhe 2006 ACY?. Having satisfied my*lf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Att and are digible for indq)endent examination, I report in respect of my examination of your charivs accounts as carried out under Section 145 of the Charities Act 2011 ('Ihe 2011 Act,?. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Att. Independent Examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to bdieve: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the aoUntIng requirements of section 396 of the 2006 Act 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; or the accounts have not been prepared in accordance with the methods and prinaples of the Ststement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordan with the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). I have no concerns and have come across no 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. RA. Prior, Fry FCIE DChA WHPrior Chartered Certified Accountants Railway Court Doncaster DN4 5FB Date: 21st March 2025 Page 10
RAINBOWS BEREAVEMENT SUPPORT GB srATEMENT OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED 31sr AUGusf 2024 2024 Unrestrirted funds 2023 Totsl funds Notes Income Donations Voluntsry income 31,822 14,737 Charitable Activities: Publications and training 50,990 46,173 Total Income 82012 60,910 Expenditure Charitable activities Publications and training 86,620 89,183 Total Expenditure 86,620 89,183 NEf (EXPENDrnJRE) (308) (28,273) RECONCIUATION OF FUNDS Total funds browjht forward 91,234 119,507 TOTAL FUNDS CARRIED FORWARD 87rt26 91,234 The results for the year d1ve from continuing athvities and there are no gains or losses other than those shown atx)ve. These notes form part of these finanaal statements Page 11
RAINBOWS BEREAVEMENT SUPPORT GB BALANCE SHEET AT 31ST AUGusf 2024 2024 Unrestrirted funds 2023 Totsl funds Notes FIXED ASSErs Tangible assets CURRENT ASSErs Stocks Debtors Cash at bank and in hand 34,493 3,808 53 637 33,533 1,921 66 855 91,938 102,309 CREDITORS Amounts falling due within one year (4,512) (11,075) NEf CURRENT ASSErs 87 426 91234 TOTAL ASSEfs LESS CURRENT UABILrrIES 87,426 91,234 NEf ASSErs 87 426 91234 FUNDS Unrestritted funds 10 87 426 91234 TOTAL FUNDS 87 426 91234 The charitsble company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for:_ (a) ensuring that the charitsble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006. and (b) preparing finanaal statements which give a true and fair view of the state of affairs of the charitsble company as at the end of each finanaal year and of Its surplus or defiat for each finanaal year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rdating to financial statements so far as applicable to the charitable company. These finanaal statements have bn prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The finanaal statanents were approved by the Board of Trustees on 21st March 2025 and were signed on its behalf by: i..4. LecxLbl T.L Leonard J. O'Neill These notes form part of these finanaal statements Page 12
RAINBOWS BEREAVEMENT SUPPORT GB NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31sr AUGusf 2024 ACCOUNTING POLICIES Accounting convention The finanaal statements of the charitsble company have bn prepared in a(xordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities . Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Irdand (FRS102)(effective January 2019)" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial ststements have been prepared under the historical cost convention. Income All income is recognised in the Statement of financial Attivities once the charity has entitlement to the funds and the amount can be quantified wlth reasonable accuracy. Expenditure Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation committing the charity to trt expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured rdiably. 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 attivities on a basis consistent with the u of resource& Tangible fixed assets Fixed assets at a cost of In excess of £1,000 are capitalised. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment- over 4 years Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from corporation tax on its tharitsble activities. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trust5 for a particular purtx). Restritted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when spe(ified by the donor or when funds are raised for particular restricted purtx)ses. Further explanation of the nature and purpose of each fund is included in the notes to the finanaal statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the statement of finanaal activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitsble company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity. Contributions payable to the charitsble company's tEnsion scheme are charged to the Ststement of Finanaal Attivities in the period to which they rdate. VOLUNTARY INCOME 2024 2023 Donations (induding Gift Aid Tax fEcoverable) Donation from Institute of Mercy Donation from Sisters of Mercy Sunderland Grant received- Nonnanby Charitsble Trust 13,822 3,000 5,000 10 000 11,737 3,000 31,822 14,737 Page 13
RAINBOWS BEREAVEMENT SUPPORT GB NOTES TO THE FINANCIAL sfATEMENTS - coKfINUED FOR THE YEAR ENDED 31sr AUGusf 2024 NEf INCOMING RESOURCES Net resources are stated after charging: 2024 2023 Other operating leases 6,000 6,000 TRusfEES' REMUNERATION AND BENEFrrs Travel expenses of £116 were reimbursed to one trust during the year ended 31st August 2024 (2023 - £121). No remuneration or other expenses has been paid to trust. srAFF cosrs 2024 2023 Salaries Number of stsff No employ receiv remunerdtion of more than £60,000 during the year (2023 - None) Page 14
RAINBOWS BEREAVEMENT SUPPORT GB NOTES TO THE FINANCIAL sfATEMENTS - CONTINUED FOR THE YEAR ENDED 31sr AUGusf 2024 TANGIBLE FIXED ASSErs Equipment COST At 1st September 2023 and 31st August 2024 17,996 DEPRECIATION At 1st septernb 2023 Charge for year 17,996 At 31st August 2024 17,996 NEf BOOK VALUE At 31st August 2024 At 31st August 2023 DEBTORS: AMouNfs FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Gift Aid Tax debtor VAT Debtor Prepayments 1,823 697 735 553 908 742 271 3008 1,921 CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors VAT Creditor PAYE Creditor Accruals 260 7,967 98 382 3,870 3,010 4,512 11,075 Page 15
RAINBOWS BEREAVEMENT SUPPORT GB NOTES TO THE FINANCIAL sfATEMENTS - COKllNUED FOR THE YEAR ENDED 31sr AUGusf 2024 REIATED PARTY TRANSAcfioNS The Company is under the control of the trustees. 10. MOVEMENT IN FUNDS Net movement in funds At 1.9.23 At 31.8.24 Unrestricted funds General fund Resource Development Fund 18,414 47,800 5.105 23,519 47000 Designated Funds: Rainbows Liverpool Rainbows North West Rainbows Scotland Rainbows South Yorkshire Rainbows West Yorkshire Rainbows Humbertrees Rainbows North East Rainbows South West Rainbows East Midlands 3,555 (2,436) (2,910) (3,030) (1,225) (1,212) (1,574) 329 (410) 3,555 4,081 (123) 2,404 3,208 (166) 2,983 505 (340) 6,517 2,787 5,434 4,433 1,046 4,557 176 70 TOTAL FUNDS 91,234 (3,808) 87,426 Net movement in funds, induded in the atx)ve are as follows: Income Expenditure Transfer Unrestricted funds General fund Resource Devdopment Fund 73,107 (73.480) 5.478 Designated funds: Rainbows Liverty)ol Ralnbows North West Rainbows Scotland Rainbows South Yorkshire Rainbows West Yorkshire Rainbows Humberrrees Rainbows North East Rainbows South West Rainbows East Midlands 3,555 1,240 125 547 315 1,187 1,286 (2,733) (2,316) (1,065) (40) (4,866) (1,667) (55) (398) (943) (719) (2,512) (1,500) 2,467 (1,193) 1,066 (1,078) TOTAL FUNDS 82 812 86 620) The Resources Devdopment Fund represents funds designated by the Trust&s to be used to finan stock and the devdotxnent of nLw resources and initiatives. The funds hdd for each Raintx)ws Region, whilst remaining unrestritted, have been designated for u* in each of the &ablished regions for the same charitsble purFK)ses as the Genal Fund, but in that locality. Page 16