RAINBOW TRUST SUPPORTING FAMILIES WITH A SERIOUSLY ILL CHILD REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Our performance and achievements highlights 1,18S families received in-depth support 582 new families started to receive our support New teams opened in Reading and Llvefpool to expand the reach of our services Online family support extended to support 16 families across the UK 12th consecutive year in the Best Companies to Work for awards Raised £4.8 million to ensure the sustainable support of more families Successful lobbied for the introduction of the Neonatal Care (Leave and Pay) bill TOP 25 For more information about Rainbow Trust please visit our website rainbowtrust.org.uk EST OHGAt4BATIO 03 2023 Company limited by guaranteo. Register￿ in England No, 3Y5123 R899tsr.txI ChgrityNo.1070532 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 CONTENTS Page Trustees, report IndepEndent audiloff s reFX)rt 22 staterrEnt of financial activity 25 Consolidated t)31anGe skEet 26 Ch3rity balawe sheet 27 Consolidated ststement of cash flows 28 Notes to the financial statements 29 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, who are also the directors, present their reFQrt together with the financial statements for the year ended 30 June 2023. CORPORATE DIRECTORY Trustees Mark Cunningham (Chairman) Tim Bunting (retired January 2023) Elizabeth Crighlon Howard Oyer Andrew Honnor Or.Jonalhan Rabt6 Charles Sermon Jennifer Smilhson Michael Wainwright Celia Woollell Chief Executive Zillah Bingley Secretary Jayne Steele Prlnclpal Address Cassini Court Randalls Way Leatherhead Surrey KT22 Tfw IndependentAuditors haysmacintyre LLP 10 Queen Street Place London EC4R 1 AC Bankers Nalwest Bank plc 1000 Cathedral Square Cathedral Hill Guikjford Surrey GU2 7YL Investment Wknagers Cazenove Capf(al 1 London W811 Place London EC2Y SAU Ruffer LLP 80 Victoria Street London SWE&iL Company Number 3585123 Charty Number 1070532 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 OUR CORE PURPOSEAND ACTIVITIES OUR VISION Every family in UK who has a child with a life-threatening illness receives SUPFOrt they need. OUR MISSION We enable families who have a child with a life-threatening illness to make the most of liwE together providing expert practical and ernotional SUPFX)rt wherever they need it for as long as it is needed. OUR OBJECTIVES AND PUBLIC BENEFIT The charity was established to relieve the pain and surrering of families with a life-threatened or terminally ill child am1 to support them through tkreavemenl if necessary. Trustees confirm that t￿Y have complied with IkEir duty in section 17 of the Charities Act 2011, lo have due regard lo the public benefit guidance published ty the Charity Commission, in determining the activities undertaken ty the charity. Irres￿ctIve of a beneficiary's capaoty, ethnicity, faith, or socio-economic environment, all charitsble services are provided free. To ensure that supwrt is offered to those that meet our criteria, there is a referral process In place with clear guidelines. Referrals may come from any Sour￿ including kEalthcare professionals and families IkEmselves. OURWORK In April 2020, research conducted ty the University of York1 revealed that the numt£r of children in England with life-limiting or life-threatening co[￿rtiOnS had increased to 86,625 in 2017118. This means that since 2001-02, the figure almost trebled from 32,975. This number is predicted to rise at least amther 11 ¥0 by 2030. This rise in numkErs reflects how vital Rainbow Trust's practical arKI emotional SUPFX)rt Is, as many more families across England (X￿ for babies, children, and young people with a life-threatening or terminal illness. The rise in prevaSe￿e matches Raintx)w TrLtst's ex￿rIenCe of seeing more such families in need RainEx)w Trust provides expert Famity sUp￿rt Workers to families who have a child wrfch a life threateniThJ or terminal illness. When serious illness affects a child, famity life is turned upside down, and time t*comes MO￿ p￿ciOUS. Rainthw Trust pairs each family with a dedicated Family Support Worker who tE(x)mes a trusted and constant FErstsn in family life, providing practical and emotional supwrt. They are there from diagnosis right through t￿reaverne￿t for as long as they are needed. This SUPFX)rt help5 farnilies to face, and make the most of, each new day Family referrals to Rainbow Trust doubled in the decade prior to the pandemic and are gradually returning lo pre-pandemic levels. There are more familiès than ever who struggle to cope when their child ￿ seriousty ill. Common challer@es for the* families include. Dealing with the physical ard emotional strain Managing and gelling lo and from multiple clinical appointments Ensuring that life rernains as normal as possible for siblings, Including attendan& and performance at school Ensuring sick children and sit4ings have OPFQrtunits"es to play Maintaining employment through prolorvJed periods of treatment and care giving Managing reduced income Poor family comrnunicalion and resulting break-up Accessing benefits and support services Maintaining daity routine and ch0￿S Coming to terms with a child's diagnosis and the y)SS1tJ"lrty of their death Copiry with the death of a child Isolation felt Lry families who are CL(( off from normal actNities and friends. 1 Fraser el al.120201 Make Ev￿Y Chi'ld Count RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Raintx)w Trust's community-based direct support is available at no cost to families ard is provided matter what a family's background or circumstawes. There Is no other national organisalion offering the range of social palliative care support that we do, directly lo families when they need it most. The Family Support Workers a￿ available whenever a family needs them and, during li￿S of cnsis, suptx)rt is available 24 hours a day. Family Support Worker assesses each child and famity's needs IrKJwidually and pr(wides tailored support accordingly. Supw)rt needs often fluctuate, for example, they are highest when a child is in ective treatment or at erKJ of life Sometimes families may require Intensive supwrt over several weeks, whilst at other Iirnes only need the occasional visrt or pth)ne Gall to reassure them or answer a question. This means that the support Is flexitje and responsive lo need. A life-threalening illness affects all aspECts of a child's life. They are stuck at home or in trDspi181, miss txolonged periods of school, a￿ unatje to lake part in 'normal' aGtNities or sociali* wi(h friends. This, In ao1o1ition to the physical symptoms of their illness, can rnake them feel distressed, isolated, and unGertain about their future. Siblings can miss out on opportunities that ottrer children may tske for granted. Lrfe at home Is turne upside down with strangers in the house" hosprtal stays, parents away from home and struggling with their emotions. Usual mealtimes are missed, clothes don't get washed, the house is a mess, there is no one to lake them to school or help with howEwork, arKI everything is strange. Many siblings struggle educationally or are bullied for teing different. They can tecome isolated, withdrawn, detached from social ne￿orkS and have no tKeak from pressures at horrE. Despite feeling ignored and anxious: they are often afraid lo ask for help as they fear letting IkEir family down. Many siblings find themselves in the role of young carers but are not a￿ayS recognised as such and yet are having to deal with extraordinary and challenging circumstances. Lengthy periods apart and anxiety atx)ut the future mean some families struggle to communicate and relaliortships are strained. Famiw SupFQrt teams work in partnership with health and social care providers lo prioritise families who most need SUPFX)rl, including families.. Wrth poor support rne￿OrkS Who are geographiGally Isolated, with few IoG81 SEJPtx)rt services With a recent diagnosis or whose child is al end of life Where there Is a safeguarding concern impacting a Ghild's treatrTEnt or welltEi Who are unaue to get to M)spital With more than one sick child Who are struggling financially and rrray have difficulty accessing hospital apwintmerrts. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACHIEVEMENTS AND PERFORMANCE We entered this year having stabilised the organisation following the COVID-19 parKJernic two years ago and continued lo ￿lId out lo try and reach pre-pandemic levels. We have a very olear ambition to continue to ada0 and grow the numtEr of families we support. OVERVIE4V AND THIS YEAR'S HIGHLIGHTS This year we planned to 1. Ensure families have the support they rEed 2. Ensure every family has access to the SUPFX)rl they need 3. Work in partnership with others lo enhance support and reaoh more families 4. Achieve change for families by influencing policy Inspire more Feople lo supp)rt seriousw ill children and their families 6. I￿rease our use of digital technologies 7. Grow and SUPFX)rt our talent 8. Continue lo develop our volunteer programrrE. Highlights for the year 2023-23 include.. 1,185 fam1Iies received tailored support from a Family Supwrt Worker 582 new families started to receive In-depth support, a 50/0 Increase on last year Online family supp)rt was provided to 16 families across the UK 19 families were SUPFX)rted through the Kentown Children's Palliative Care wogramme New teams laLJ￿hed in Reading and LiverFnoI to expand the reach of our services Attended kne Liverpool Labour party conference and suocessfulty lobbied lor the Neonatal Care (Leave arKI Payl bill which will be implemented in 2025 Raised £4.8million lo ensure the sustainable supp)rt of families Played an active role in the Digital SeNices Cortsortium, a collective of 12 wEmber charities, developing a bid lo furKJ digital setvices and share digital Insight Caie volunteering hours Increased by 69%, witr a total of 62 volunteers across teams Listed for the 1 yh consecutive year in the Best Companies lo Vvork For. Our progress against our airrts E as follows.. Aim 1: Ensurefamilies have thesupport they need support provided lo families is gradually returning to pre pandemic levels. This was slower than hoFed due lo recruitment challenges across the entire sector. Despite this referrals were up 50h on the prior year with new referral streams identified in every tearn There has tken a welcorrE return to group activ(ties and family days. These have been evaluated and children and parents have realSy appreciated the opportunity to meet others in similar situations and share experiences. Some families remain anxious about the ongoing threat of COVID and continue to shield degpite the removal of all restrictions. However, we have found other ways to SUPFM)rt these families, SLKh as through our online servitre Despite the challenges of the year, families told ug that Raintx>w TrLtst remains a significant, and in some cases, the only support thèy receive Feedback from our family surveys remains positive arKI the drfference that our SuP￿rt rnakes ig clearly expressed by recipients. Training has been delivered to enable 8 second learn to run a further youth resilientte group This is FAanned to commence as s(x)n as enough young people have been identified to make up the group. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Dad's group was launched in one other area as a face-to-face meeting by Fowlar request. This can make attendance difficult for some and there are plans to consider the option of an online forum either as an allernalive or as well as the physical group. We continue lo look at ways to develop these groups in other areas. We successfully laumhed a new drop-in group on a neonatal unil. The focus was originally for parents however ils remit has widened lo include siblings if they are visilir¥J the unil. This has teen very well received by attendees and staff alike. Aim 2 '. Ensure every family has access to the support they need tsyo new Family Supwrt teams in Liverpool and Reading opened in this financial year and are tEcoming well established, making an impact in the areas they cover. Referrals into the Readir¥J team have teen steady, and the Family Support Manager has worked well lo develop new relationships in areas where Rainbow Trust was not previously known. This has resulted in new referral sources and a heightened profile in the area. The office has been registered with IkE Care Quality Commission and the Family Supp)rt Manager interviewed and apwinted as the registered manager for the service. The Reading team had some vacant posts in the year, however despite this, families have received a high-qualily service. The LivertK)ol Team has three Family SuprK)rt Workers who have worked well to raise the profile of the team and gain access to key hospitals in the area The caseload is growing and feedback from families and referrers remains high. T￿￿ office is registered with the Care Quality Commission and is an excellent base for the team Rècrurtmenl for a manager for the team is ongoing and, in the interim, the team is managed by the Head of Care Service5 With the manager of the Greater Mawhester team operating as the registered manager for the Care Quality Commi5SiOn. During the pandemic we developed innovative ways of providing our supwrt online. This has continued to grow and the demand for this tyFE of support is increasing. In particular, this has enabled us to support families in areas in which we do not have a physical presence. In the financial year 16 families t￿nefitted from this form of SUPFX)rt. A key tEnefil of providing sUPtx>rt in this way is that there is the opwrtunity to Lrtilise different Family Suptx>rt Workers with different family Meml￿[S where this is helpful This allows for greater confidentiality, particularly for sibling5 who can feel wary about disclosing their true thoughts lo a Farnily sUp￿rt Worker who is also actively sUp￿[b.ng tkEir parents Currently the online support team comprises Family Suptx)rt Workers from the existing Ca￿ teams. As the project develops, we will review the wtential to pilot a tespoke online worker with 8 view to seeing whether a standalone online support team is viable. This could allow for a wider reach for the service offering. Online supwrt Is also made available lo families who receive face to face support providing a hybrid approach where applicable This can be very useful when farnilies receive treatment al a hospital far from home. In these c1rcumstsn￿$, families have welcomed the opportunity to remain In contact with their known Family SupFX)rt Worker who can offer a vital link lo home. To supwrt development of our online family SUPFX)rt we continued to play an actNe role in the Digit81 Services Consortium, a colleclwe of 12 memter charities, developing a consortium bid lo fund digital services and sharing digffcal insight. Families with a child who has a life threatening Illness are often dispropoth"onately Impacted by the cost of living crisis due lo the need to keep their home warm, run lifesaving equipment and drive to numerous medical appointments. This year our Family Support Workers saw an Increased need In this area and have helped more families access help with financial support. This has been achieved through the work our Family Support Vlorkers do to signFX)St families to other grant making organis8tions, am1 the practlC81 help we give in completing tolh these grant and govemment benefit applications. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 We also saw an increase in the numter of requests for hospital transp)rt. During the year we welcomed back several volunteer drivers and aim to increase the numter of volunteer drivers in the coming year to help more families struggling with the cost of living crisis. Aim 3.. Work in partnership with others to enhance support and reach more families Partnership working remains an imwrtant part of our strategy. Links have been strengthened with Derian House and Brian House hospices in the North Wesl, which has resulted in coordination of care and sharing of exFErtise to support families more effectively and in a joined up manner. We worked collaboratively with Alexander Oevine Hosyce to lobty government concerning the impact of the cost of living crisis, increased fuel costs and resullanl impact on families - this led to a tEtter understanding of the service offered by each organisalion and the potential for collaborative working in the future. We were fortunate to benefit from some fundir¥J from Tees Valley CCG which allowed us to increase the service in the area and introduced improved links with local ￿spItalS and schools. This has had a Fosilive impact for families as well as the CCG. We worked closely with BLISS charity recognising the support offered ty RaintK)w Trust, to develop a strong submission to the Government regardir¥J the Neonatal Care (Leave and Payl &'ll which was finally enacted in 2023 This year saw the launch of the Kenlown Children's Palliative Care Programme This is a collakx)rative programme between Together for Short ￿ve$, The Kenlown Wizard Foundab'on and Rainkx)w Trust Children's Charity. It is a community focused children's palliative care initiative in Northwest Ellglar￿ covering Lancashire and South Cumbria. A project with three key complementary delivery elements. Nursing Care, Social ca￿ and Information and Awareness, Kentown Support is delivered by specialist children's palliative care nurses, Family Support Workers and family service coordinators to link families living across Lancashire and South Cumbria to the service5 and supwrt that they need. The Kentown Programrne is developing well with 19 families supwrted over the year and is a new way of working for all partners. This pilot project will be indeFEfKJenlly evaluated, and we look forward to sharing these results at the end of the three year project Aim 4: Achléve change for farnilies by Influencing policy Rainkx)w Trust has remained acb've in the parliamentary field keeping in regular contact with MPS and decision makers. As a result, we have had questions asked in the House of Commons which identify concerns raised by families who have a terminally ill child. Rainbow Trust remains a member of Disabled Children's Partnership to ensure that rts Vol￿ is heard by decision makers when they are lookiru at policy that will affect the families we SUPFOrt. We were instrumental in discussiorE leading to the enactment of the Neonatal (Leave and Payl Bill, have Input to the Health & Social Care Bill and other issues affecb.ng families caring for a child with a Iife-threatenirvJ condition. Raintow Trust regularly collaborated with other organisations across the children's p811iative care sector attending regular webinars and online meetings with providers and key Parliamentary grouF6. TkEse included Hospice UK, NHS England, Nalion818ere8vemenl Alliance, Disabled Children's Partnership.. the National Council for Child Health aThJ WelltEing, All-P8rty Parliamentary GrouF6 for 8aby Loss and for Children Who N￿d Palliative Care and the Health Policy Inluencing Group. We held regular FX)Iicy catch ups wrth counterparts at Together for Short Lives, Young Lives vs Cancer, the Children and Young People wrth Cancer Coalition, Cawer Service Leads Ne￿Ork and the Digital servI￿s Consortium. In 2022 we reviewed and updated our report on Hidden Savings. This identified that, five years on from our original reFX)rt, the estimated savings to public purse made by the SUPFOrt provided RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Raintx)w Trust is closer to £6 million as opposed to tre £2 million prior estimate. This re￿rt was distributed lo key decision makers and also flagged the concerns that families have atout the cost of living crisis. Aim 5: Inspire more people to support seriously ill children and their familtes In 2022123 we raised £4.8million. 99.4Yo of our income is provided ty the generosity of the public through donations: and without this generous and dedicated support, we couldn't continue to provide the vital services that families so desperately need. We continued our f(￿uS on engaging and cullivaling suP￿rters. Highlights in the year iwluded the following.. Macfarlanes completing their Charity of the Year partnership with us, having raised an arrozing £140,000., our continued partrErship with CarFest, generous support from the Oak FourKJ8tion", the Michael Josepktson MBE Charity Ball which raised £100,000., suppx)rt from Royal Bank of Canada, and the students at Durham University who raised an incredible £221,000 from their Fashion Show, of which £178,CK)O was donated to Rainbow Trust. We were also delighted to cheer on our team of 119 runners across London Marathons in Octoter and April wkx) raised over £288,000. We also owe our celebrity supporters huge thanks for helping us lo raise funds and spread awareness of the cause. We d estÈcially like lo thank Rob Delaney who generously donated £82,000 from the royalties from his best-selling wÈmoir 'A Heart that Works.. Throughout the year we have delwered a number of promotional campaigns. For the Coronation of His Majesty King Charles111 we held a Royal R8inb<)w Bake and Kids ffn Crowns campaigns which encouraged new supp)rters to find out more a￿ul our work and get involved with community fundraisiry. This year also marked our late Patron, George Michael's 60tn birthday To celebrate this milestone, we released unseen archive images and footage of his supwrt for Rainbow Trust This resulted in significant scKial media engagement and regional coverage across the BBC network. Our Impact rewrt was developed and diStri￿ted to relevant stake￿IderS aloryside the animation video 'lf I had a mag￿ Wand, which shared the voices of the children we sUP￿rt from our annual Family Survey. In NovemlEr we launched our Christmas ApkEal focussing on the Increased demarKJ from families for transwrt due lo the cost of living crisis and the impact that this was having on our costs The generosity and enthLJsiasm of supporters led to the appeal raising over £100,000. The appeal also garnered significant media interest and was featured in several national w￿dia titles includirvJ the Mail, Mirror, Express and Sun online This year we were also fortunate lo appear on 88C Children in Need. The show, featuring M3SLKI's f8mily in Manchester. 3ired In November, and w8s watched by eight million EEople. Our website saw a significant uplift in traffic when the Iilm was shown. During the year we revisited the It's About Time phi18nthropic giving campaign which was set up pre- COVID with a target of funding five Family suP￿rI Workers for four years. The five Family Supwrt Workers are now all in place arKJ we 3re gr81eful for the generosity of the It's About Time donors who made this possible. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ThroughoLrt the year we promoted leaving a Gift in your blfjll lo supporters, staff and volunteers alongside our free will writing Servi￿ partners Guardian Angels. Gifts in Wills are an important sour of income to Raintow Trust aThJ campaign activity Fnerated several enquiries and pledgers. Following the opening of new care teams in Reading and Liverp)ol, we held a networking event in LiverFooI lo introduce ourselves to local organisations. With SUPFOrt of the regional branch of the Institute of Directors and law firm, Carpenters, the event, held in February was very well attended and successful. We are planning similar events in other Care team areas going forward. May saw the laumh of exciting new initiatives - our first family event, the Rainljow Family Adventure Trail and our first ever children's activity newspaFEr, Fun First. The Rainbow Family Adventure Trail, kindly hosted by Denbies Vineyard attracted over 350 participants and gave us the OPFOrtunity lo trial a family event which can be rolled out across Care team areas lo raise our profile. Fun Fi￿t newspaper was enlhusiaslically received by supwrlers, the public and the families we supp)rt. We are hoFeful that this will help t￿Ost our profile in hospitals and other community settings lo reach rmre families in need of support and enhance our profile. In JurE we held a No Ball Ballwhich gave supwrters the opportunity lo stay in for the evening and donate so that even rmre seriously ill children and their families could go out instead. Going out for these families meant Raintow Trust taking them lo hospital for life saving treatment, to or from school or lo the soft play so parents could have a break from the pressures of caring for a seriously ill child. We were delighted that celebrity supporter Rob Delaney kindly agreed not lo Chair the non-event, Mary Nightingale not lo host, ArvJela Hartnett not to create and cook a five-course seasonal menu and Sir Malhew Pinsent, Louis Cunningham and Gyles Bramlreth kindly agreed not to attend. We were thrilled to raise £31,000, including Gift Aid This year we made great strides in making it easier to give to Raintx)w Trust by upJradiry the donation section of the website, allowing people to also donate at the checkout in our online shop and making it easier to sign up for e-news Over the year our e-news community grew by 500A to 34,800 strong. We also acquired 15,000 new email ackjresses of wtenlial supwrters and, to ensure that we effectively look after this comrnunty and our existing supporters, we recruited a new e-mail marketing role lo the Fundraising and Engagernent team. This role will enable us lo effectively segrnent our audience and ensure that our potential and current SUP[￿rters have the best experience FK)ssible when interacting with Rainbow Tru51. In the year we held our first online family (2&A to engage existing arKI new supw)rters plus give a greater insight into the lives of families, the suptx>rt we provide and the impact support ha5 We are very grateful to the family who took part Feedback was excellent arKI we will continue this ogramme of orTline events in the coming year. We continued lo emFower families to have their voices heard through our famiw surveys. This year the SU￿eyS focused on isolation and loneliness across 811 aspects of life.. in relalionshiF6, at school, work and within wider society. For the first lime we also conducted a public survey via social media for families with a seriously ill child who are not currently SUPFOrted by Raintow Trust. We had 164 reswnses to Ix)th surveys ResLJIts showed that gOOA of parents felt isolated frorn friends and families, and sorrE from their partrErs and spouses. 500h of respondents had to leave their jobs lo look after their seriously Ill child. Results also showed that for mary families Raintow Trust's services helFed to reduce their feelirus of Isolation and loneliness and supwrted them to stay in work, and siblings to attend school. The full results will be sh&red In a reFOrt In the coming year. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Governance As a memter of the Fundraisir¥J Regulator scheme, Rainbow Trust Children's Charity operates in accordanTr with the Code of Fundraising Practice ar￿ is an organisalional member of the Chartered Institute of Fundraising. Fundraising programmes are compliant with the Code of Practice arKi during the year the team completed further Irainiry on the code. charity also operates a whistleblowing policy and a complaints policy and process. Our Supporter Promise is available on our website, and this confirms our commitment to abiding ty Fundraising preferen￿ Service, and Mail and Telephone Preference Services. We have not paid any professional fundraisers in the year and received one complaint which was investigated and resolved. We welcome feedback from supwrters and the pjblic. Aim 6.. Increase our use of digital technologies We have not yel ￿en able to develop the proFX)sed online hub for groups swh as our Teenage Resilience Group, bLrt this remains an ambition. Work is also underway lo increase Family Support Worker confidence around using digital services and explore how IhB can SUPFQrt further development of our Care services The new Care database was develoFEd during the year. There were a number of delays on the develoFEr's side, but rt Is on track to be launched during the next financial year The new system will allow for More efficient reportirvJ and an increased ability to rnonilor family reported outcomes following service delivery. During the year we ￿ceiVed our CytEr Essentials Plus accreditation and there Is regular ongoirvJ training via targeted phishing campaigns lo ensure that all staff remain alert to the wssib]lity of fraud and hacking. We continue to Invest In laptOFE for all stsff and ensure knal all emFAoyees and volunteers have the tools to do kneir jotxs. Aim 7: Growand support our talent We are committed lo ensuriry that the recruilmenl and selection of staff is conducted in a way that is fair, efficient, effective arKi promotes equal opwrtunities. Effective recruitment arvj selection are central and crucial lo the success of Raintow Trust. 11 depends on finding Feople with the necessary skills, exFertise and qualifications to deliver our strategic objectives and ability lo make a wsilive contribution to the values arKi aims of the organisation. We recognise that this year has teen challerying in terms of recruitment, and in recognition of this we have.. Improved our internal processes lo ensure that our initial resFX)nse to applicants and interview procedures are quick and efficient Refreshed the content of our adverts and job descrittions to ensure they are clear, fit for purFX)se and I[￿luSive u￿ated the recruitment section of our website ensuring our vacancies are more prominent and accessible from mobile pth)nes, and highlighting the LEnefits of working for Rainbow Trust Used new and innovative ways of advertising vacancies including videos on social ￿￿dia platforms Increased the value of our recruitrnent referral tK)nus to encourage staff to refer suitatAe candidates to Raintx>w Trust Continued to deliver Recruitment and Selection Training to new managers to SUPFOrt with fair arxj consistent recrurtrrEnt across the organisation. 10 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Despite the challenges we were able to successfully recruit 30 new memters of staff in this financial year across the organisalion, including in the two newly esta￿1Shed Care teams and the Kenlown Programme. We saw an increase in the numter of recruitment referrals made by staff: and successfully re-employed a former member of staff who was keen to return lo Raintow Trust. We were also able lo successfully employ one of our volunteers into a fixed term position in our Fundraising and Engagement team. Last year we launched the Anne Harris Skills Development Wogramme, in recognition of our staff tEing our most imp)rtant asset ard lo invest in their development so we have the right skills, knowledge and expertise lo deliver services. The programme has continued lo te successful with 40 applications received and approved in its first year, and a further 20 applications received and approved in 2022-2023. Training completed includes a 'Drawing and Talking, course to give staff techniques lo help reduce anxiety and worry in children and aduycs, counselling training to upskill in having difficult conversations, art and play therapy to enhame support for children and project management training. We also had three managers complete leadership and management courses. As a result of the skills acquired through the Anne Harris Skills EEvdopmenl Prcgramme, we have had one memter of staff undertake a Diploma in Play Therapy and then SUC￿ssfUllY apply lo become an Acfvanced Praclilioner in this field. She will use her expertise to supwrl Family suP￿rt Workers across the care tearrts with meaningful methods and resources to enhance IkEir support via play for children. We are committed lo reviewing and developing this programme in line with business need and staff developmènt acr05S the organisalion over the coming years, including for staff not in frontline care. We are committed lo encouraging equality, diversity, and inclLJsion IEDII among our workforce, and eliminating unlawful discriminaliori. We want our workforce and volunteers to be truly representative of society and our beneficiaries, and for each employee to feel re5￿cted and able to give their best EDI is t￿INg ern￿￿dded into our culture and we encourage communication as well ag learning around the eight protected characteristics". age, disability, gender reassignment, marriage and civil rtnership, race, religion or t￿lIef, sex, and sexual orientation. This year we.. Continued to assess our policies against the Equality Impact Assessment tool developed last year which is designed to enhanGe our Gurrent prwess arKJ ensure that we consider the Impact of new FK)Iicies, waclices, or prowsals on protected Gharacterislic groups. u[￿ated our equal OPFOrtunilies monitoring form to include questions on the caring reswnsibilities of our staff to ensure appropriate supwrt is in pla￿ if necessary Ensured that our Inletview process Includes adjustments for applicants as required Continued the menopause group, wkEre people come together In a safe environment lo discuss their experiences, seek aclvice, and wovide SUp￿rt to one another Continued to focus on employ* well￿1ng via our Feel G￿d group, where we also celebrated a number of national and international awareness days such as Pride month ar¥J LGBTQ+ history month to raise awareness, celebrate our differences, educate ourselves and SUPFX)rl open communication. Continued to promote an orEn and inclusive culture by providing training on bullying and harassment, stress management and difficult conversations, and ty promoting the use of 360 degree and SBI feedback. We are proud to have once again aGh1eved one-star Best Companies a￿redrtatiOn this year which indicates very good levels of eru8gement. We have now LEen accredited by Best Companies for 12 consecutive years. and this year we were plaGed in the Top 50 South East Best Cornpanies to work for (based on head office localionl, the Top 25 Best UK Charity and the Top 100 Best UK Small Company lo work for. previous employee survey results identified Leadership and My Te3m as being the most important lo staff and Fair Deal as the lowest scoring factor. These areas h8ve trerefore been a focus to improve engagement 8nd enabie us lo remain a fantastlG place lo work. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Leadership.. We changed the format of the Senior Leadership Team ISLT) roadshows based on feedback to make these more collaborative We ran a Strategy Feedback session at the last staff conference lo e￿oUrage input from staff and galhei their views We re-launched the Employee Voice group We continued regular communications including monthly SLT briefings, all employee calls arKI HR drop-in sessions My Team. We continued the use of Prediclwe Index technology to help managers and their teams understand each other's working styles with suggestions on the best strategies lo complement each other lo enable improved team dynamics We provided shadowing OPFQrtunities lo help embed new teams, and sessions on effective team working We increased team content and activities via the Feel Good group and encouraged team social activities. Fair Oeal.. We condLJCted an annual salary &enchmarking exercise using an external compary, lo ensure that we reward fairly arKI in line with the market Whe￿ tx>ssible We increased the base salary of the Family Supwrt Worker role We provided retail discounts and perks to staff via our Employee Assistance Programme Unum, Reward hub and the Blue Light Discount card We introduced a paid volunteering day to enatAe staff to spend a day gwing back to an organisalion of their choice. Ensuring employees feel tral there is good comrnunication within Raintx>w Trust is fundamental for us. Therefore, this year we Impbemenled an Employee Voice group to SUPFK)rt and enable another meaningful two-way communication tEtween employees and the Senior Leadership Team ISLn. This group provides an additional mechanism of comrnunication that supports us to continue to be an open and transparent organisation. Ernploy￿ Voice group represents views from across the organisation aThJ shares these with the SLT. Employees in the group canvass views of all staff on specific subjects that the group feel are important, or the leadership team has asked about. The Employee Voice group Is an acfvocale for staff and provides the opwrtunity for emploY￿S to te involved in inilialives that will develop the organisation, as well as can make suggestions for changes to current inilialives. The groups, role is to dislil the ideas to SLT, bring solutions as well as challenge IhroLNJh the Chair, for SLT'S consideration and decision. We currently have 10 employees from across the organisation participats'ng in the Employee Voice group, with membership rotating on a regular basis lo allow for fair representation. Aim 8.. Continueto develop our volunteer programme to ensure volunteers are engaged, adding value, and integrated in all teams This year we saw a Signif￿can1 increase in volunteer hours comFored to last year. One of our key objectives was to return lo around 500h of pre-pandemic levels and we were very close al 44010. In Care we were able to pilot some great corwrale volunteering opportunities and the return of drop-in groups meant that we successfully recruited new volunteers and welcorrEd back those who had previously supported in this way. Office support continued lo recover, and the return of many large- scale events saw event supwrt volunteering increase significantly. OLJr 2023 volunteer survey results showed that volunteers remain very happy with their exwrience at RainLK)w Trust and would recommend volunteering with us to others Improvements were also made 12 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 in giving volunteers opportunities to share their ickas and feedback with us. We were able lo provide more opwrlunilies for volunteers lo m￿1 each other such as online training opwrtunilies, ard during Volunteers, Week, we ran an online celebration event for the first time which was attended by volunteers in a range of roles and teams from across the country. We continued lo deliver Working with Volunteers WorkS￿pS across the organisalion, and the Volunteer Working group, made up of representatives from each team, rrEet regularly to provide supp)rt ard guidance on managing volunteers. In ￿rtnerShip with the volunteer recognition charity, Room to Reward (who provide hotel breaks as a thank you to Feople who give up their lime to volunleerl, we were able to award prizes lo three of our volunteers in recognition of their significant impact on Rainbow Trust. 13 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 PLANS FOR NEXT YEAR, 2023-2024 We have set an ambitious fundraising target for the coming year of £5 5million The achievement of this will allow us to not only rneel kne current needs of families we are suprx)rting but exparKJ our reach to help more families in these communities. Increased annual funding also allows us to confidently plan for the fLrture krK)wing that our Increased awareness, suppx)rters and fundraising teams Gan achieve the long-term requirements of an inGre8sed serviTr. Ensure Families have the support they need Continue lo provide top quality emotional and practical SUPFOrt lo families In such vital need Expand Yolrth Resilience groups Expand the reach of our Dad's group- creating Ix)th In person and online events. Expand the reach of our online SUPFQrt, with a particular focus on siblings, who can firKi it easier to share on this medium. Develop and deepen partnerships Continue lo look for other organisalions with whom to partner and coordinate care and share expertise Build on the learnings frorn the Kenlown programme Develop a Strate￿ for p8rtrEring with organisations in targeted areas based on prevaleme data Continue as an actwe rneMt￿r of the various sector organisalions, such as the Disabled Children's Partnership and the Child￿rn and Young People's Cancer Coalition To drlve changé for famllies through Influénelng pollcy Prepare and Issue a new rewrt on Isolation and Loneliness in families with a termin8lly ill child Ulilise the report lo acfvocale for change in tolicy where relevant Continue lo develop relationships with MPS and lotty Government on the issws that affect families we supwrt. Inspire more people to support Seriously ill children and their families Further invest in 8re8s of strong fundr8ising performance Develop campaigns that are engaging, innovative and help lo build rEw and grow existing supwrler communities Deliver compelling communications that dermnstrate the breadth and importance of our supwrt for families: bringing our audience closer to the cause Use technology to grow and better understand our supporter base Introduce the use of Al software lo deepen relationships with exislir¥J SUPFOrters Oplimise digital opp)rtunities including developing use of our CR M, e-marketing and online promotion. Grow and manage our talent Recruit, train and develop high FErforming teams to deliver our growth plans and further enhance our quality of service Develop a culture of volunteering and expand the use of volunteering across the organis3tion. 14 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 REVIEW OF YEAR'S RESULTS The results for the charity for the year ended 30 June 2023 are set out from page 25. This year the charty achieved income of £4,809k, a 9.2010 decrease Gompared with the tyior year 12022.. £5,294kl. Donations fundraised Income was £4,203k, a slight decrease compared to 20221£4,4Tlkl. This level was expected, as our 2022 Income had included the very successful one-off 39h Anniversary event. We have been fortunate that the cost of living crisis did not impact our charity's fundraising this year any substantial way, but we remain mindful of the ongoing challenges for the general public and busiresses and how this could affect donations as we move forward into 2023124. Income from legacies also fell slighlw wlth income this year of £463k12022.' £622kl. In 2021 legacy income was exceptional al £1,008k, prior to that tke five-year average had b￿n £265k p.a. Income more than the five-year average Is transferred to the Legacy Equalisalion Fund. This fund which was established In 2021 helF6 to alleviate fluctuations in legacy Income by providiryJ a top-up to the general fund in years where legacy iwome falls below the average. statutory funding of £32k makes up less than 1 % of income this year, compared to 2%1£111 kl in 2022 when tre charity gratefully recewed £43k from COVID-specific Hospice Grant from the Government. The level this year is consistent with years prior to pandemic as we receive regular statutory income. Total exFenditure of £4,191 k12022'. £3,725kl is a 12.5Yo or £467k increase on wevious year, reflecting an increase in frontline care activities with the opening of three new teams.. Reading, Liverwol and the Kenlown programme Losed in Lancashire and South Cumbria. However, due lo the national and sector wide challenges with recruilwEnt of staff, costs did not rise to budgeted levels. The average numter of staff during the year of 80 was significantly lower than our ￿dgeted number of 98 and all teams across the charity were impacted. We are grateful to donors that funded stEcific cost of living grants to assist us with the increased costs of running our fleet of cars as well as other inflationary Increases. Utilities costs for some of our regional offices rose significantly, but our head office in Leatherhead tEnefitted from a fixed price contract which Gaffle to an end in September 2023. amount s[￿rnt on care and famiw SUPFM)rt services is 79p in the wund, an increase from 2022 173pl This reflects the increase in Dur frontline care aGtwilies, and a reduGtion in our fundraising costs, driven by s18ff vacanGies, this year. combination of a successful fundraising year and lower than budgeted costs has resulted In a surplus of £539k12022'. £1,547kl Total funds are now £5,045k12022'. £4,506kl of which £1,688k12022. £1,768kl are general reserves. This level of gener31 resetve represents 4 months of operating costs which Is within our wliGy r8nge of 3 4.5 months. The rema1ning funds are held in designated and restricted funds (see LElowl for anned suslainabilty and growih. Overall, this is another very good financial result. This was achieved through the gEnerosily and continued support of our donors, for which we are extremely grateful. We are mindful of the current economic climate and the uncertainty it brings which could have an Impact on fundraising and operational costs over the next couple of years. The success of this year's furKlraising, arKI the resultant level of reserves, provides a solid base and level of assurance that our plans for the forthcoming year are reallstic. 15 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 RESERVES POLICY The Trustees regularly review the Fneral reserves Folicy lo ensure that all relevant risk areas are included in accordance with guidance issued by the Charity Commission. Risks included are the impact of an unexpected reduction in income and the ￿tentIal impact of reslrucluring costs and liabilities required lo downsize the organisalion in an orderly manrEr, if a permanent income reduction were to arise. Trustees are satisfied that the existing general reserve target level of three lo four-and-a-half months of OFeraling costs is sufficient lo cover the risks identified in the review. This allows sufficient lime for Trustees and management to take appropriate mitigating actions, if required. Under the p)licy, there are available reserves of £1,726k12022.' £1,887kl, which comprise the general fund adjusted for two non-cash proFety related items, which do not impact access to free reserves for reserve policy purtoses. This Is within the target range of between £1,283k and £1,936k. The general reserve at 30 June 2023 was £1,688k12022. £1,768kl Trustees continue tktir commitment to develop and grow the level of care and family supwrt services, whilst maintaining a focus on managing the overall costs of the charity at sustainable levels. Designated funds are amounts that have teen sel aside al the discretion of the Trustees. At Ju 2023, these lotalled £3,153k12022'. £2,455kl, across three separate funds. 1. A designated Fixed Asset Fund of £237k12022'. £241 kl represents the arTh)unl of the total reserves that are invested in tangible fixed assets. 2. A designated Legacy Equalisation Fund of £1,49Ok12022,' £1,365kl This fund was established to moderate the fluctuating and unpredictable nature of legacy income following exceptional legacy income in 2020n1. 3 A designated Strategic Development Fund of £1,427k12021' £850kl estsblished to (x)ntribute funding in future years lo suptx>rt the strategic increase in care ServI￿S and ensure the sustainability of the exceptional stsff pay award given in 2022 and a further exceptional pay award effective from 1 July 2023 This pay award was approved ty the Trustees for the 2023124 budget as a ￿spornse to the cost of living crisis and after a detailed ￿nchMarkIng exercise. As at 20 June 2023, the charty has restricted resetves of £204k, which are comrnitted to spent. The Trading subsidiary generated a £30k profit12022." £58kl. Reserves are £Ok12022." £Okl. The reserves position is due to the implementation of a Deed of Covenant iEtween the Trading subsidiary and the charity duriry 2022 for the efficient fl(>w of profrts Into the charity. The Deed allows the trading subsidiary to 3ccrue for the distribLrtion of its profits lo the Gharity in the year In whiGh they arise. FINANCIAL EFFECT OF ANY SIGNIFICANT EVENTS TtrEre were no significant events In the year that had a financial Imp3Gt on the Gharty Whilst the impact of COVID has continued to affect sorrE Gare setvices, there has not b￿n a fin8nGial impact this year. INVESTMENT POLICY, POWERS, AND PERFORMANCE The Trustee5 con51der it de51rable to build up a long-term Irwestment porfolio The Trugtees continue to adopt a conservative investment policy that seeks lo protect the reserve5 of the charity and to achieve an appropriate return. Investment rnanagers have a brief lo rnaximise total return over the long term with due regard to risk. During the year. the Investrnent strategrf and FK)Iicy were reviewed C￿e[all, the investrllent objectives of the charty remain unchanged," however, Trustees decided lo transfer one of kne funds into a 'SL￿taInable/reSFX)ns1bIe, fund In line with the charity's desire to invest ethically whilst still maximising RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 returns. The increase in reserves this year allowed furtkEr investment and Trustees invested £500k in one of the investment funds. The portfolio generated a small unrealised loss of £79k12022.' loss of £23kl. IncorrE from I￿eStmentS and short-term deposits amounted to £62k12022'. £24kl. investment strategy is reviewed by the Finawe Committee and the 8oard regularly during the year: and due lo the increased volalilily in the markets caused by the UkrainelRussia war and current economic situation il is likely that the charity will take an even more conservative approach in 2023124. REMUNERATION AND RECRUITMENT POLICY staff are paid according to industry baselines, on merit of their professional exFerience and the needs of the charity in longer term. The Trustees review the performance of the Chief Executive and the Leadership Team annually, and salary reviews are awarded according lo performance. This year, four employees earned more than £60,000. This is in line wrth other charities of a comparatAe size oviding palliative care. We advertise all vacant Fosts on our website and seek applicants both from our current staff and externally. RISK MANAGEMENT A formal risk management process to assess risks and Im￿ement mitigation strategies is in place. The Audit Committee aThJ the Board formally review the risk register annually and update il as necessary. The register identifies the ty￿S of risks the charity faces, prioritises them in terms of likelihood of occurrence and potential impact, and identifies the means of mitigating these risks ConlirvJency and emergency plans have also trRen reviewed and incorporated into a business continuity plan. Controls are in place to mitigate, as far as possible, any major risks lo which the charity is exposed PRINCIPAL RISKS AND UNCERTAINTIES There are four risks on the risk register that are considered to major risks to the charity These are defined on the risk register as tkK)se risks measured as having the greatest potential impact on the charity and are not necessarily an indication of their likelihood of occurrence, as the charity has control fatrtors and proCedU￿S in place lo mitigate the risks. Protecting the health and safety of employeès, famllies, volunteers, and visrtors during the COVID-19 crisis and evaluating the ongoing support model for families The charity manages th15 risk by regularly reviewing the advice and regulation from Public Health England, the NHS and other government bodies. and by utxlating arKJ communicating health and safety measures taken to reduce workplace risk to the lowest reasonably practicable. During this year we have kept abreast of the COVID prevalence and adapted our FK)licy where relevant lo reduce risks from interactions with other memtkrs of staff. Any memtEr of staff with COVID-Iike symptoms or where a member of their household tests Fosilive will work from home and not meet in person with other memiRrs of staff. families or volunteers, Risk assessments have been undertaken and communicated to all staff to idenlrfy and mitigate operational risks for employees and the families we SUp￿rt 2. Allegations of. or actual, abuse of children and families The charity manages this Iisk by iegular mandatory child protection training for all care staff, with regular liaison with local Children's s(￿la1 Care teams, where risks are present All staff complete basic safeguarding training on induction The charty complies with all relevant regulations and resw)nds appropriatew to any statutory requests for information. There are written policies and ocedures, which are updated as necessary, including a Whistleblowing Policy and a Safeguarding Policy, which are reviewed annually and ratified by Lead Trustee for SafeguardirvJ. All our employees have an enhanced DBS check prior to commeming in their role, and the Senior Leadership Team and all care and frontline staff are re-ckEcked every three years. 17 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 3. Income levels insufficient to cover planned operational activities. charity is managing this risk by Trustee oversight of monthly rewrting against ￿dget, future income key Ferformance indicators and with the executive team having fortnightly cash flow forecasting to ￿dentIfy early trends of income shortlall. IncorrE targets and budgets are sel lo achieve realistic returns on inveslmenls, and rEw business largels are identified. Our broad range of income streams with multiple donors reduces the risk of income shortfall. The charity aims to maintain sufficient reserves to cover any unexpected or S￿rt-terM income skK)rtralls. 4. Adverse media reporting charity manages this risk by having agreed procedures for all media enquiries, tcgether with an agreed complaints procedure. The charity regularly communicates these to all staff. There is also an agreed Crisis Communication Plan in place, in case of unexpected or SLKlden wEdia attention, which is regularly reviewed. PENSIONS Raintow Trust OFErates a defined contribution pension scheme for the ￿￿fit of employees. In accordance with current legislation, all employees are enrolled on joining, following an initial three- month deferment and auto enrolled every three years, unless they chose to OFk-OUt. Al June 2023 we had 890A12022'. 82Ohl of employees enrolled in the pension sc￿￿Me. HEALTH AND SAFErY RainLK)w Trust is committed lo complying with all relevant health arKJ safety legislab'on, and to omoting good health and safety practices amongst employees, volunteers, and families. Rainbow Trust operates a cross-functional Health and Safety Committee to review health and safety practices. 18 RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT Rainkx)w Trust Children's Charity is a registered charify (number 10705321, incorwraled under the Companies Acts as a company limited by guarantee (number 35851231 and having no share capital. The charity is governed by its Memorandum and Articles of Association. APPOINTMENT OF TRUSTEES Raintx)w Trust currently has nine elected Trustees. One Trustee retired during the year and the Charity is actively seeking a ieplacement The com￿81t10n of the &)ard of Trustees I the 8oar(F'l is regularly reviewed, and Trustees are recruited by word of moLrth, or through specialist firms. Successful applicants are apw>inled by the Paard, and ratified by the Members. at the AnnLsal General Meeting. Our Articles of Association descritE in detail the selection, appoinlmenl, and dut1es of our Trustees. TRUSTEES INDUCTION AND TRAINING New Trustees are provided with Information Including the history of the organisalion, details of the governing document, finances, activities, and objectives to￿ther with the role and responsibilities of Trustee. The induction process also Includes m￿lingS with other Trustees, Chief Executive, memters of the Leadership Team, and family SUPFM)rt services. Training in the duties and resronsibililies of Trustees is provided, and rEw Trustees are strongly encouraged to attend a stÈcialist training seminar in their first year of appointment All Trustees are regularly circulated training optM)rtunilies, and utKlates on changes in legislation affecting the charity RaIn￿W Trust holds fundraising events during the year, providing opportunities for Trustees lo meet donors aThJ supwrters. ORGANISATION The 8oard Is respK)nsible for overall governance of the charity, including setting and monitoring strategy. It meets on a quarterly basis and reTrives reports of all the principal activities There are four standing committees". Audit. Care Setvices, Finance and Fundraising & Engagement Each of the Committees has ils own terms of reference and includes Trustees, the Chief Execubve, and other memtErs of the Leadetship Team as appropriate. Rainthw Trust has a Scheme of Delegation, which sets out tkK)se resFK)nsibilities delegated to the Leadership Team. Authority to conduct Rainbow Trust Children's Ch8rity day-lo-d8y 8Gtivities is delegated to Chief Executive, who is reswnsible for ensuring that strategy and wlicies are carried out The Leadership Team meets forrnally twice a month, and all meM1￿[S report lo the Chief Executive. INTERNAL CONTROL The systems of internal control are desigrEd to provide reasonable, but not absolute, assurance against material misstslemenl or loss. They include". A three-year strategic plan, and one-year operational plans in each of the areas of worK with an annual budget approved by the 8oard. Regular review of the financial results of the charity, including an explanation of variances from budget Delegation of authorty Segregation of duties Identification and managernent of risks. PUBLIC FUNDRAISING APPROACH Raintx)w Trust raises most of its funds from the putAic, and we aim lo do this respectfully. We are memters of the Inslilule of Fundraising and the Fundraising Regulator. We work carefully lo comply with the Fundraising Code of Practice set out by the FurKJraising Regulator, arKJ champion the standards they promote We sUPPOrt all measure5 that will Improve public trust and support for the sector, and Rainbow Trust actively contributes to con5ultalions to develop tEst practice standards and guidelines for the sector. RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 We are compliant with the General Data Protection Regulation IGDFRI, arKi we OFErate our fundraisir¥J activity in accordance with all relevant regulation. RaIn￿K)W Trust raises money using direct mail, telephone calling (current supwrters onw), e- marketing, bLJilding partnerships with businesses, community groups and schools, soliciting gifts from trusts and foundations, supporting the public to raise money from their own fundr8ising initiatives and from sponsored sports aclivilies, ch811enge events, and s￿ClaI events such as golf d8ys, dinners and concerts, and from supporter gifts in wills. All furKJraising activity Is in line with the Fundr8ising Code of Practice, set by the Fundraising Regulator and GDPR. Individuals registered with the FurKlraising Preferen￿ Service are alw3ys excluded from Communications. We contact a numtEr of supporters by telephone each year. Charity supporters registered on the Telephone Preference Service are only called if they have agreed to receive such calls We have robust poliGies in Pla￿ regarding vulner8ble people and treating dorK)rs fairly. We never sell, or give suppx)rter's details to anyone else, except knose that are emFAoyed directly ty us lo raise funds or rnanage fundraising events for us Details about our approach, our fu11 privacy policy for supwrters and our Supporter Promise are on our website, and we activety encourage supwrters to contact us with any feedback. We believe it is vital that we communicate with our supwrters In the manner they prefer, and we are very keen to reSPECt their privacy and preferenGes. We fully Induct and sUp￿rt all our fundr21sing staff lo regularly reinforce our fundraising ethics. We rrKJnitor complaints and use this feedback to help us improve our fundraising activities. This year we received one complaint atout fundraising arXivrties12022". nil) TRADING SUBSIDIARY charity has one wholly owrEd trading subsidiary, RainLow Trust Trading Limited. The subsidiary is a company limited ty share caytal, incorp)rated In EnglaThJ and Wales. As expl3irEd a￿Ve, the Trading subsidiary generated a £30k wofil12022." £58kl. Reserves 8re £Ok 12022". £Okl. A Deed of Covenant between the Trading subsidiary and the charity allows the Iradir¥J subsidiary to accrue for the distribLrtion of its profits lo the Charity In the year in which they arise. **RAINBOW TRUST CHILDREN'S CHARITY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023** ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The Trustees, who are also the directors for the purposes of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations. Company and Charity law requires the Trustees to prepare financial statements for each financial year. Under Company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company, and of the profit or loss of the company for that period. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies, and then apply them consistently; - Observe the methods and principles in the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2019 and FRS 102); - Make judgements and accounting estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed, and explained in the financial statements; - Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions, and disclose with reasonable accuracy at any time, the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So far as each of the Trustees is aware, at the time the report is approved: - There is no relevant audit information of which the company's auditors are unaware; and - • The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information, and to establish that the auditors are aware of that information. ## **AUDITORS** The Trustees have agreed to go out to tender for our auditors in the coming year for governance purposes and to ensure that we are competitive. Our auditors for this year, haysmacintyre, will be offered the opportunity to tender alongside other firms. In preparing this report, the Trustees have taken advantage of the small companies' exemptions available. Signed on behalf of the Trustees. ## **Mark Cunningham** **Chairman Mark Cunningham** 2 November 2023 21 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINBOW TRUST CHILDREN'S CHARITY FOR THE YEAR ENDED 30 JUNE 2023 Opinion We have audited the financial statements of RaintM)w Trust Children's Charity for the year ended 30 June 2023 which comprise the Group SlaterrEnt of Financial Activities, the Group and Parent Charitable Compary Balance Sheet, the Group Statement of Cash Flows and notes lo the financial statements, including a summary of significant accounting wlicies. The financial rep)rting framework that has been applied in their preparation is aP￿Icable law and United Kingdom Accounting standards, including Financial ReFQrting Slardard 102, The Financial Rep)rting Standard applicablo) in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting Practice). In our opinion, tre financial slalements.. give a true and fair view of the slate of the group and parent charitable company's affairs as al 30 June 2023 and of the group and parent charitable company's net movement in funds, induding the income and expenditure, for the year then ended., have tEen property prepared in 8wordanGe with Unrted Kingdom Generalty Acoepted Accounting Practice", and have t￿en prepared In acoordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law Our responsibilities under those stsndards are further described in the Auditor's resw)nsibililies for the aLKJit of the financial statements section of our report We are independent of the group in accordance with kne ethical requirements that are relevant to our audit of the financial statements In the UK, Including the FRC'S Ethical Standard, arKJ we have fulfilled our other elhiGal resw)nsibililies In accordance with these requirements We tElieve that the 8udit evidenGe we have obtsined is SLffticient and apwopriale to provide a b8sis for our O￿nion. Conclusions relating to going concern In auditing the financial stslemenls, we have concluded that the trustees, use of the pirvJ concern basis of accounting in the preparation of financial slaterrEnts is appropriate. Based on the work we have Ferformed, we have not identified any material uncertainties relalir¥J lo events or conditions that, indwidually or collectively, may cast significant cknubl on the group or parent charitable company's ability to continue as a going concern for a Feriod of al least twelve rrK)nths from when the financial statements are aut￿riSed for issue. Our resp)nsibililies and the resFonsibililies of the Iruslees with resFECt lo going concern are descritEd in the relevant sections of this reFQrt. Other infom)ation The trustees are responsitAe for the other information. The other information comprises the information included in the Trustees, Annual Report. Our opinion on the f1nancial statements does not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any form of assurance mnclusion thereon. In connection with our audit of the finamial statements, our resFonsibilily is to read the other information and, in (bing so, consider whether the other information is materially inconsistent with the financial statements or our kmwlec*Je obtained in the audit or olkErwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstalerrEnls, we are required to determine whether there is a material misstalernent in the financial statements or a malenal rnisstslernent of the other information. If, based on the work we have tErformed, we conclLKJe that there is a material misstalemenl of this other irformation, we are required to report that fact. We have nothing to reFX)rt in this regard. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINBOW TRUST CHILDREN'S CHARITY FOR THE YEAR ENDED 30 JUNE 2023 Opinions on other matters prescribed by the Companies Act 21x16 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Rewrt (which includes the directors, rewrt prepared for the purposes of company lawl for the financial year for which the financial statements are prepared is consistent with the financial SlateW￿n￿., and the directors, report included wrthin the Trustees, Annual Report have tEen wepared in a(Lordance with applicable legal requirernents. tters on which we are required to report by exception In the light of the knowledge and understanding of the group and parent charrtable company and its environment obtained in the course of the audiL we have not identified material misstalemerts in the Trustees, Annual ReFK)rt (which in(x)rpK)rates the directors, re￿rtI We have nothing to rewrt In respect of the following matters in relation to which the Companies Act 2006 requires us lo rewrt to you if, in our OFxnion". adequate accounting records have not L2en kept ty the group and [￿rent charitable company", or the group and parent charitable company financial statements are not in agreement with the a(Lounting records and returns, or certain disclosures of trustees, remuneration SFEcified ty law are not made., or we have not received all the information and explanations we require for our audit,. or The Trustees were not entitled lo prepare the finamial statements in accordan￿ with the small companies, regime, and lake athanlage of the small companies, exemptions, in preparing the Trustees, report and from the requirement lo prepare a strategic rep)rt. Responsibilities of trustees for the financial statements As explained more fully in trustees, responsibilities slalement set out on page 21, the trustees (who are also the directors of the group and parent charitable company for the purposes of company lawl are resp)nsible for the preparation of the financial statements and for tEing satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free from material misstalemenl, whether due lo fraud or error. In preparing the financial slaterrEnts, the trustees are responsible for assessing the group's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to Iiquidale the gioup or parent charitable company or lo cease OPErations, or have no realistic alternative but lo do so Auditor's responsibilities for the audit of the financial Statements Our objectives are lo obtsin reasonable assurance about whether the finawial statements as a whole are free from rnaterial misstalemenl, whether due lo fraud or error, and to issue an auditor's repx)rt that Includes our opinion. Reasonable assurance is a high level of assurance bLrt is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstalemenl when it exists Misstatements can arise from fraud or error and are considered material If, Individually or in the aggregate, they could reasonably be expected to Influence the economic decisions of users taken on the basis of these financial sÈlernents Irregulanties, including fraud, are Instances of non-compliance with laws arKJ regulations. We design ocedures in line with our responsibilities, outlined alx>ve, to detect material misstatements in res￿Cl of irregularities, including fraud The extent to which our p[D￿dureS are capable of detecting irregularities, Including fraud is detailed below. Based on our untsrstsnding of the group and parent charitsble company and the environment in which It operates, we identified that the principal risks of non-compliance wtth laws and regulations related to the use of restricted funds, care quality cornrnission compliance and cornpliance with employment law, and we considered the extent to which non-compliance might have a mateiial effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Cornpanies Act 2006, Charities Act 2011 and Charities SORP. 23 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RAINBOW TRUST CHILDREN'S CHARITY FOR THE YEAR ENDED 30 JUNE 2023 We evaltjaled management's incentives and opportunities for traudulent manlpulation of the financial slalemen15 (including the risk of override of conlrolsl, and determined that the principal risks w&r8 related lo accrued and deferred Income. Audit procedures performed by the 8ngagement team included.. Inspecting minutes of Trustees, meetings- Reviewing 811ocations and disclosuies relating lo restricted fund$', Reviewing the latest Care Quality Commission ICQCI reports-, Inspecting correspondence with regulators and lax authorities.. Discussions with management including consideration of known or suspected Snstances ol non- Complian￿ with laws and regulation and fraud., Evaluating management's controls designed to prevent and detect irregularrties., Identtfying and lesling journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptK)ns,' and Challenging assumption5 and judgements made by management in their critical accounting estimates. These related lo accrued legacy income and depreciation. Because ol the inherent limitations of an Budil, there is a risk that we will not del￿1 all irregularities, including those leading to a material misslalement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and tTansaclions refiecled in the financial slatemenls, as we will be less likely to become aware of instances of non-complian￿. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of OUT responsibilities for the audit of the financial slalemenls is located on Ihe Financial Reporting Council's website at.. Www.F￿.o .uklBudilorsres onsibililies. This description fofms part of our aiJditOf'S report. Use ol our report This report is made solely lo the charrtable company's members, as a body, I￿ accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit WOTk has been undertaken so that we might stale to the charitable company's members those mallers we are required to slate to them in an Auditor's report and for no oltter purpose. To the fullest extent permilled by law. we do not accept or assume fesponsibilily 10 anyone other than the charitable company and the chafilable company's members, as a body, for our audit WOTk, for this report, or for the opinions we have formed. Jane Askew Isenlor Statutory Audltor) 10 Queen Slreel Place London EC4R 1AG For and on behalf of haysmacintyre LLP. Slalutory Auditor Dale.. 20111/2023 -2023 24 RAINBOW TRUST CHILDREN'S CHARITY STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 30 JUNE 2023 Total Funds 2023 Totsl Funds 2022 Genernl Fund Designated Restricted Fund Fund Income and endowments from= Donations and legacies Charitable activities-. *tutory funding and grants Other trading activities= Fundraising actpirf(ies Commer¢i81 operations Investment incow 2,478,9C 165,555 e92,576 3,337,037 4,017,Ce2 25,178 6,590 31,7e8 111,085 1,302,752 48,657 62,4SS 26,504 1,329,256 48,657 62,4 1,081,8Y3 60,025 24,407 Total income 3,917,992 165,555 725,670 4,809,217 5,294,402 Expenditure on.. Raising funds.. Giant5 and donations Commercial operations Fundraising actrlities Oonor aquistion ove funding Total Cost of raising funds 571,294 19,131 278,181 21,970 571.294 19.131 278,181 21,970 559,136 1,794 419,090 19,310 6￿,576 890,576 999,330 Net incomè availablè for charitable activities 3,027,416 165,555 725.670 3,918,641 4,295,072 Charitable activities Caier and family suprort services Gtsvernan￿ costs Total èxpènditurè 2,330,815 165,555 804,372 3,300,742 2,725,X17 3,221,391 165,555 804,372 4,191,318 3,724,717 Net income b*ore gairtslllossesl on Invest￿￿nts 6￿,col (76,7021 617,899 1,569,685 Gainslllossl on irtlest￿ernts (78,6931 (78,6931 (22,9241 Net income beforetiansfets 617, (18.702) 539.206 1.546,761 Transf8rs b8tfften funds 15 1698,1611 698,161 Net movement in funds 698 160 539 206 1 546 761 Fund balance brought for¢éard 1,768,274 2,455,284 282.327 4,505,885 2,959,124 Fund balance carri8d for¢éard 1,688,021 3,153,445 203.625 5,045,091 4,505,8£5 All transactions during the year are derived from continuing activities All recognised gains and losses are inc5uded in the #atement ol financial acts'vity. Full comparab.ves foi th8 year to Jun8 2022 are shown in not8 20. 25 ## **RAINBOW TRUST CHILDREN'S CHARITY CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2023** ## **Company No. 3585123** |**Note**
**FIXED ASSETS**
Tangible assets
10
Investments
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS: amounts falling**
**due within one year**
13
**NET CURRENT ASSETS**
**CREDITORS: amounts falling**
13
**due after more than one year**
**NET ASSETS**
**FUNDS**
Restricted funds
14/15
Unrestricted funds:
Designated funds
15
General funds
15
**TOTAL FUNDS**|**2023**
£
£
236,636
2,961,166
3,197,802
838,071
1,738,805
2,576,876
(661,587)
1,915,289
(68,000)
5,045,091
203,625
3,153,445
1,688,021
5,045,091|**2023**
£
£
236,636
2,961,166
3,197,802
838,071
1,738,805
2,576,876
(661,587)
1,915,289
(68,000)
5,045,091
203,625
3,153,445
1,688,021
5,045,091|**2022**
£
1,026,958
1,575,308
2,602,266
(749,898)
£
241,126
2,539,859
2,780,985
1,852,368
(127,468)
4,505,885
282,327
2,455,284
1,768,274
4,505,885|**2022**
£
1,026,958
1,575,308
2,602,266
(749,898)
£
241,126
2,539,859
2,780,985
1,852,368
(127,468)
4,505,885
282,327
2,455,284
1,768,274
4,505,885| |---|---|---|---|---| |||3,197,802
1,915,289
(68,000)||2,780,985
1,852,368
(127,468)| ||2,576,876
(661,587)||2,602,266
(749,898)|| |||||| |||5,045,091
203,625
3,153,445
1,688,021
5,045,091||4,505,885
282,327
2,455,284
1,768,274
4,505,885| The surplus of the parent charity for the year to 30 June 2023 was £539,206 (2022: £1,546,761) Approved and authorised for issue by the Trustees on 2 November 2023. ## **Mark Cunningham** ## **CHAIRMAN Mark Cunningham** The notes on pages 28-43 form part of these financial statements. 26 ## **RAINBOW TRUST CHILDREN'S CHARITY CHARITY BALANCE SHEET AS AT 30 JUNE 2023** ## **Company No: 3585123** |**Note**
**FIXED ASSETS**
Tangible assets
10
Investments
11
**CURRENT ASSETS**
Debtors
12
Cash at bank and in hand
**CREDITORS: amounts falling**
**due within one year**
13
**NET CURRENT ASSETS**
**CREDITORS: amounts falling due after**
13
**more than one year**
**NET ASSETS**
**FUNDS**
Restricted funds
14/15
Unrestricted funds:
Designated funds
15
General funds
15
**TOTAL FUNDS**|**2023**
£
£
236,636
2,961,266
3,197,902
847,961
1,722,258
2,570,219
(655,030)
1,915,189
(68,000)
5,045,091
203,625
3,153,445
1,688,021
5,045,091|**2023**
£
£
236,636
2,961,266
3,197,902
847,961
1,722,258
2,570,219
(655,030)
1,915,189
(68,000)
5,045,091
203,625
3,153,445
1,688,021
5,045,091|**2022**
£
£
241,126
2,539,959
2,781,085
1,028,076
1,566,141
2,594,217
(741,949)
1,852,268
(127,468)
4,505,885
282,327
2,455,284
1,768,274
4,505,885|**2022**
£
£
241,126
2,539,959
2,781,085
1,028,076
1,566,141
2,594,217
(741,949)
1,852,268
(127,468)
4,505,885
282,327
2,455,284
1,768,274
4,505,885| |---|---|---|---|---| |||3,197,902
1,915,189
(68,000)||2,781,085
1,852,268
(127,468)| ||2,570,219
(655,030)||2,594,217
(741,949)|| |||||| |||5,045,091||4,505,885| |||203,625
3,153,445
1,688,021||282,327
2,455,284
1,768,274| |||5,045,091||4,505,885| Approved and authorised for issue by the Trustees on 2 November 2023. ## **Mark Cunningham** ## **CHAIRMAN Mark Cunningham** The notes on pages 29-43 form part of these financial statements. 27 RAINBOW TRUST CHILDREN'S CHARITY CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023 20r6 2022 Net cash provided by operating act'vities 652,826 1,496,348 Cash flow5 from invests.ng aciivitEs". Interest Income Fixed Asset.. purchas Fixed Asset.. proceeds from disposals Investments.. additions at cost 62.499 151,8281 24,407 128,8981 1500,ffl0) 1900,OCQI Cash provided byl Ius8d inl investing activiti8s 1489,3291 1904,4911 Increasel Idecreasel in cash and cash equivalents in the year 163,497 591,857 Cash and cash equwalents at the beginning of the year 1,575,308 983,451 Total cash and cash equva￿nts at the end of the year 1,738,805 1,575,308 A.. RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net income for the rerx)rbng 539,206 1,546,761 AdJust￿￿ntS for.. Investment income 162.4991 55,283 1,036 78,693 ll￿,886 1147,7781 124,40n 82,246 Depiecration charge IProfitl I loss Dn dLsposal of fixed assets IGainslll￿ses on investrrents Ilncreaselldecrease in debtors Increaselldecreasel In cieditors 22,924 1131,5281 20,352 Net cash provided by operating actwities 652,826 1,496,348 B.. ANALYSIS OF CHANGES IN NET CASH FUNDS At 30June 2022 At 30June 2023 Cashflows Cash at bank and in hand 1,575,308 163,497 1,738,805 Total cash and cash equN8￿NtS 1,575,308 163.497 1,738,805 28 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 1. ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements have been prepared in accordawe with Accounting and Retx>rting ty Charities". Statement of Recommended Practice ISORPI (Second Edition, effectwe 1 January 20191 ap[￿ica￿e lo charities preparing their accounts, in a[￿Ordance with the Financial Retx>rting Stsndard appli(xble in the UK and Rewblic of Irelaml IFRS 1021 ard the Companies Act 20￿. RaIn￿)W TrLtsI Chiklren's Charity rrÉets the definition of a PLJblic t*rEfit entty under FRS 102. Assets and liabilities are initially recognised al historical cost, or transaction value, unless otherwise staled in the relevant accounting FX)liw notelsl. PREPARATION OF ACCOUNTS ON A GOING CONCERN BASIS The Trustees consider there are no material un￿rtaIntieS athul the charty's ability to continue as a g)ing cOn￿rn. The review of the financial wsilion, reserve levels, cash flow for the next 12 mnths from the date of approval of these financial statements arxj future plans, gwes Trustees Confiden￿ that the charty remairts a going con￿rn for the foreseeable future. FUND ACCOUNTING Unrestricted funds comprBe accumulated surpluses arxj deficits on general fuThJs. They are available for use, at the discretion of Board of Trustees, In furtkErance of the general charitable obiectwes. Designated funds are amounts tral have teen *t aside al the discrekn'on of the Poard of Trustees. Restricted funds are funds subject to specific restr￿le￿ conditiorrs imFM)sed ty tre donors. INCOME Income represents the total imome re￿1vable during the year comprising donations, incowt from fundraising aclivrties arKi inveslwEnl income. GRANTS Grant income is recognised in accounting FEriod to which f( relates. EXPENDITURE The costs of respite and domiciliary care, fundraising and t*omotional publicity and of administration comprtse expenditure, including stsff cx>s15. directly attributable to the actwity. Where costs canrK)t directly attributed, they have tEen all(￿ated to activities on a cost basis Central overheads are allocated to operational and fundraising functions on the basi5 of their use of ￿ntral SUPPOrt setvices, WI￿ the aim of ensuring that those costs rernaining within adminislralion relate lo the rTEnagernent of the charws assets, organisalional adrninistration and compliance wrth constilub'onal and statutory requirerrEnls. FIXED ASSEfs AND DEPRECIATtON Fixed assets are held at depreciated cost. Assets costing more than £0 Sk are capitslised. Depreciation is calculated lo write-off the cost of fixed assets over their estimated useful lives on the following basis Computer equiprrpnl Furniture and equiprnent Etween 3 and 5years tEtween 5 and 10 years 29 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 INCOME TAX Income tax recoveraNe on gift aid is accounted for on a re￿Wable basis BASIS OF CONSOLIDATION The group financial statemènts cortsolidate the financial statements of RaIn￿W Trust Children's Charity and rts subsidiary, RaIn￿￿W Trust Trading Limited No separate Statement of Financial Activities is presented for the charity, which had a net movement in fun(k of £539,206 as provided by section 408 of the Companies Act 2006. DONA TED ASSErs Vthere the charty has Lken (k)Mat￿l assets or gifts in kind, and where it is possible to quantify the valLJe, then this is reflected in the statement of financial actwities. LEGACIES Income from legacies is recognised when there Is a grant of probate," corfirmation on sufficiency of funds to make a distribution,. when il is wssible lo valLE the legacy with reasonable accuracy and when any conditions attached to the legacy have tEen rrEt or are within control of the charty. FINANCIAL INSTRUMENTS The charitable company only has financial assets and financial Iiabililies of a kind that qualify as basic financial instruments. Basic financial Instruments are initially reccgn1sed al transaction value and subsequently rrEasured at their settlement value. DEBTORS Trade and other debtors are recognised al the settlement amount dlie. Prepayments are valued al the arrx)unl prepaid nel of any track discounts due. CASH AT BANK AND IN HAND Cash al bank and cash In hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the dep)sit or similar account. CREDITORS AND PROVISIONS Creditors and provisiorts are recognised where the charity has a present otAigation resulting from a past event that will probably result in the IrarEfer of funds lo a third paty and the amount due lo settle the obligation can te measured or estimated reliably. Creditors and provisions are normally recognised at their selllemenl amount, after allowing for ary trade discounts due. EMPLOYEE BENEFITS Short-lerm LEnefits are reGognised as 8n ex￿￿Se in tre PEriod in whiGh the service is recewed. Termination LEnefils are accounted for on an accrual tJ3sis and in line with FRS 102 RainLx)w Trust 0￿rateS 3 defined contribution pension scheme for the benefit of Its employees. The assets of the scheme 8re held Independently from those of RaintJ)w Trust In an independently administered fund. The pension costs ch8rged in the fin8nci31 statements represent the Contributions p8yable during the year. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the 8pplicalion of the accounlirYJ wlicies, Trustees are required to m8ke judgement, eslim8tes, 8nd assumFkions aLx)ut the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from IkEse estimates. The estimates and underlying assumFtions are reviewed on an on9)ing basis. Revisions to accounting estimates are recognised in the Feriod in which the estimate is revised rf the revision affects only that FEriod, or in the Fericxj of the revision and flrture FÉficxJs if the revision affected current and future ￿riOdS. In the view oftkE Trustees, there are no critical accounting ju&Jements or key sources of estimation uncertainty. 30 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 INCOME FROM INVESTMENTS 2¢r12 Irrterest 62,499 62,499 24,407 24,407 DONATIONS AND LEGACIES 2022 Donalior Legacies 2,873,617 463,420 3,337,037 3,395,416 621,645 4,017,062 d. STATUTORY FUNDING AND GRANTS 2022 statutory Income NHS England Coronavirus Job Retention ScherrE Coronavirus Statutory Sick Pay Grant 31,768 63,865 43,197 2,077 1,946 111,085 31,768 RESULTS FROM TRADING ACTIVITIES OF SUBSIDIARY RaInl￿W Trust Trading Limited is 8 wholly owned suLBidiary of RaintM)w Trust Children's Ch8rty, which rs incorwrated in the UK, comp8ny numLEr 02361243, 8nd pays 811 ils profits lo the chanty by Gift Aid. The ch8rity owns the entire r5sued share capital of 100 Ordinary shares of £1 each. A sumrrory of tre trading results Is shown Sunwnary profrt and 105s account 2023 2022 Turnover Cost of sales arKJ administrative expenses Gift Aid distributions to Parent company Retained in Subsidiary 48,657 119,1311 29 526 60,025 11,7941 110640 152,4091 OFening reserves 100 52,509 Closiry reserves 100 100 Sunmnary balance sheet 2W23 2022 Current assets Creditors.. arTh)unls falling due within one year Total Net Assets 6,658 6,5581 100 46,911 46,811 100 During the year Cift Aid of £58,231 was paid from the Trading SutEidiary to the parent Charity for prof([ relating lo the year ending 30th June 2023 31 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ANALYSIS OF DIRECT AND ALLOCATED COSTS Direct Costs Allocated costs Support costs 2023 Total 2022 Total Costs of raising funds Cornrnercial operatson5 Fundraising actsvrties Donor acquisition Fundraising and publiaty Charitsble expenditure C8rer and family support setvices 19,131 278,181 21,970 326,375 19,131 278,181 21,970 571,294 1,794 419,090 19,310 559.136 174,8T7 0 70.042.0 2,447,611 615,S17 7￿,394 237,614 307,656 3,300,742 4.191,318 2,725.387 3,724,717 3,093,268 ANALYSIS OF SUPPORT COSTS Management Flnaneè & Admin IT 2023 Total 2022 Total Costs of ralsbng ft¢nds Fundiaising and pUbl￿ty char￿ble èxpendrture Carer and family ￿pport services 18,183 12,884 70,042 152,226 191,221 82,172 lQ),355 3,216 16,080 237,614 307,656 217,509 278,196 NEf INCOVE 2023 2022 These are ststed before charging.. Depreciats'on - owned assets Expenditure on operating leases Audito¢s reM￿nerat￿rn - parent company audit fee 55,451 361,228 18,480 ,246 35e,379 15,720 32 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 STAFF COSTSAND NUMBERS 2023 2022 Wages and salaries Social security costs Pension contributions 2,285,483 263,931 107,635 2,657,049 2,024,807 216,314 92,837 2,333,958 average num￿[ of total emtAoyees during the year was.. 80 74 2023 No 2022 Employees earniry over £60,000 fell into the following bands.. £60,(K)1- £70.000 £70,CM)1- £80.000 £80,tx)1 - £90,000 £90,CM)1- £100,000 All of the atove employees are in a defirEd contri￿tIOn FEnwon scherne at a cost to the charity of £15,960 12022. £14,850) Key management remuneration The tota￿ employee benefits of the key rnanagement personnel, identrfied as nEmters of the Rainbow Trust Leadership Team and other employees having aulhorty 8nd responsibility for planning, directing and Gontrolling the activities of the Gharity were £569,93412022 £557,816) 9. TRUSTEES, REMUNEPA TION AND REIMBURSED EXPENSES No Trustees received remuneration during the year12022'. no Trustee remuneration). No Trwtees received reimbursement for expenses duriry the year 12022. noml. 33 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 10. FIXED ASSErs GROUP AND CHARITY Furnlture & aqulpmènt Computèr aqulpment Motor Vèhlcles Total COST At 1 July 2022 Additions DIsFosals At Current 288,482 10,660 1,679 297 463 200,513 41,168 488,995 51,828 1,679 539 144 241681 DEPRECIA TION At 1 July 2022 Charge for Period D1swsals At current 120,581 27,093 644 147 030 127,289 28,1 247,869 55,283 644 302 508 155,479 NEf BOOK VALUE At current 150,434 86,202 236,636 At 30 JurE 2022 167,901 73,225 241,126 11. FIXED ASSEf INVESTMENTS GROUP AND CHARrrY Group UK Investmnt Listed in subsidiary Charity Total rket valua At 1 July 2022 Additions al cost Unrealised Losses 2,539,859 500,000 178,6931 2,961,166 100 2,539,959 500,000 178,6931 2,961,266 At Current 100 Historic cost at 30 June 2022 2,414,392 10Q 2,414,392 Historic cost al 30 June 2023 3,027,202 100 3,027,302 34 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 12. DEBTORS GrI￿p Charity 2W 2￿22 Prepayrnents and 8ccrued income Trade and other debtors Amount owed ty trading sut6idiary 809,449 28,622 980,976 ,982 809,449 9,812 28,700 847,961 980,976 8,237 38,863 1,028,076 838,071 1,026,958 13. CREDrroRS: Amount5 falling due within one year Group 2023 Chartty 2023 2022 Trade creditors Accruals arKJ deferred illcorrE other taxation and social seourty other creditors 142,536 439,803 58,411 20,837 661,587 132,771 S47,[￿4 50,421 19,642 749,898 142,536 437,344 58,411 16,739 655,030 132,771 545,264 50,421 13,493 741,949 CREDITORS: Amounts falling After more than one year Group 2023 charity 2023 2f12 Rent free accrual and dilapidation provision 68,000 127,468 68,tK)O 127,468 68,000 127,468 68,CK)O 127,468 35 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 14. RESTRICTED FUNDS At 1 July Income Expenditure At 30 June 2023 Care team offices.. Essex Hampshire London & Solrth East North East North We51 South West Readiru Liverpool BC Children in Need It's Alx)ut Time Anne Harris Skills Developrnent Programme Kentown Wizard ProgramrrE Tees Valley CCG Online Supp)rl 12,827 15,(X)o 61,513 4,012 27,(K)1 3,￿1 5,QK)O 53,096 4,575 175,339 30,010 138,057 21,346 1,531 112,321 30,175 65,302 18,521 175,517 24,788 123,494 24,589 6,531 112,321 30,257 79,203 21,452 620 1,054 61,335 9,234 41,564 657 5,010 79,203 21,452 4,928 5,476 33,(M)4 8,928 282,327 159,220 91,270 22,199 8,928 804,372 73,427 10,806 725,670 203,625 Care Team oftices." over the year, we re￿iVed geographic811y limited grants towards the costs of running our region81 care learrB Including salaries, associated and operating costs, of Family Support Workers. 88C Children In Need providing funding for the salary and related costs of a Farnily Support Vlorker in the Greater M8nchester area and made an 8dditional COVID-19 Next Steps grant to suppx)rt children In Greater Manchester who have been disproportionately effected by the pandemic. The Its About Time campaign raised £151.3k In 2019120 to fund a Family Support Worker in each of the five learrE. The Anne Harris Skills Development Programme provides funding for the training and development of our Family SupFX)rt Workers. Kentown Wizard is funding a Palliative Care Prcgramme In the Northwest. This Is a collaborative programme e￿een Together for Short ￿Ves, Kenlown Wizard Foundation and Raintow Trust Children's Charity. Tees Valley CCG is fundir¥J a part-time Family SupFOrt Worker in the North East. The Edward Gosling Foumjation provided £1 Ok towards our online SUFPOrt initiab've in 2022, offering supwrt lo children and their families in regions where we do not have a ptysical team located. Full comparatives for the year to June 2022 are shown in note 22. 36 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 15. STATEMENT OF FUNDS 1 July 2022 Income Expenditure Transfers & Gains 30June 2023 Unrestrlcted Funds: General Fund Designated Funds: Reading Care Team Fixed Asset Fund Legacy Equalisalion Fund strategic Development Reserve Restricted Funds: Donations 1,768,274 3,917,992 13,221,391) 1776,8531 1,688,021 155,555 1165,5551 241,126 1,364,658 849,500 14,49)) 236,636 125,150 1,489,808 5T7,500 1,427,tK)O 282,327 725,670 1804,3721 203,625 4,505,885 4,809,217 14,191,318) 178,693) 5,045,091 The Fixed Asset Fund repre*nts the ernount of the total reserves that are invested in tangible Iixed assets The Le￿¢Y Equalisab"on FurKJ was estsblished following the exoeptK)nal legaoy Income In 2020r21 of £1.008,013. The fund aims to moderate the fluctuating and unpredictabk nature of legaGy inGorne by allocalirvJ ary future excess of legacy incorrE recewed over a five-yeai average legacy incorrE lo the fund Thr6 would released back lo the General Fund In years wheff the legFcy Income falls LElow the five-year average The strateg￿ DeveloprTEnt reserve was established from General Funds in 2020Q1, to earmark fundirvJ for future pknned strategic development of care services end investment in technology from in 2022 arKI 2023 In 2022Q3 £37,500 has been SFEnt on this investment which includes the initial develoF¥nent of a new care database ard improvements to the wet6f(e An additional £100k has teen added this year for further planned InVest￿￿nt in ￿ systems and the renewal of aging hardware. In reo)gnition of the cost of liviry crisis and this Feriod of economic uncertainty £500k had teen added to the strategic development fund In 2021ll2, for the sustainabilty of the excew'on pay rise awarded. This amount included a nominal rate of inflation for fLrture years This year, the TrLSStees agreed a further suttslantial pay award and an addrtional amount of £215k has I￿en added lo provide for the sustainability of this in the short-lerm when income is extected to ￿ less ￿rtaIn. The amount of £300k contained within the Strateg￿ fuThJ for the 5 family SUPFK)rt worker roles Driginal funded by the Il's aLx)ul tirrÈ campaign have ken funded over the past two years by undertying income, due to the success of fundraising During this time, we have OFened two new teams in LiverFK>oI and Reading. This year we have transferred £300k to the strategic development fund to ensure that we have set aside £600k for the fLrture underwrrtiry of the costs of these tearrts and growth from 3 farrily SUPFKJrt workers lo 5 In each team. Restrirted FurKJs represent donations where the domr has declared where the gbft should spert wi rrK>re detsil provided in note 14. Full comparatives for tre year to June 2022 are shown in note 23. 37 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 16. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unrestricted Funds Designated Funds Restricted Funds Total Funds Fund balances at 30 Junè 2023 are represented by: Tangible fixed assets INestmenls Current assets Currert liabilities Creditors falliry due after more than one year 236,636 2,165,860 750,949 236,636 2,961,166 2,576,876 1661,5871 795,306 1,622,302 1661,587) 203,625 168,0001 168,0001 1,688,021 3,153,445 203,625 5,045,091 Fu11 comparatwes for the year lo JurE 2022 are Sr￿n in note 24 17. TAXATION As a registered charty, the rx)mpany is not lial￿e to inca)n* tax or corwration tax on income or gains derived from rts charitable acttvities. 18. FUTURE COMNNTNENTS Group and Charlty 2023 Group and Charity Capital exFenditure authorised and contracted for al 30 June Land and buildings other 30June 30June 2022 Amounts falling due.. Within one year Between one and five years After fwe years Totsl 71,661 658,300 5,935 735,896 239,374 368,564 311,035 1,026,863 5,935 1,343,834 260,871 704,686 148,796 1,114,353 607,938 19. RELATED PARTY TRANSACTIONS The aggregate donations received from the Trustees in the year was £259,89412022". £461,232), of which £72.5k has Lken deferred, to be recognised in future FErio( There were no other transactions with related parties as at 30 June 202312022.. none) 38 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS - COMPARATIVE FIGURES FOR THE YEAR ENDED 30 JUNE 2023 20. COMPARATIVE STA TEMENT OF FINANCIAL ACTtVlTY General Fund Restricted Fund Dpsignated Fund Total Funds 2022 Income and endowments from= Donati￿1$ and legacies Charitable activitEs". &atutory income other trading activities.. Fundr8i&ng actNibes ComrrÈrcial operations Inve5tmen15 3,252,227 764,835 4,017.(￿2 24.147 86,938 111.085 1,066.874 60,025 24,407 14,949 1,081,￿3 60,025 24,407 Total income 4,427,679 866,722 5,294,402 Expenditure on.. Raising funds.. Grants and donations coM￿￿rCIal operations Fundrai$4ng actNlties Donor aCquisit￿n Total cost of raising funds 559.136 1,794 419,090 19.310 999,330 559.136 1,794 419,090 19,310 999,330 Net income available for charitable activities 3,428.350 866.722 4,295,072 Charitable activities Carer and family suptX)rt services 2,044,403 e80.984 2,725,397 Totsl expenditure 3,043,733 680.984 3,724,717 Net incomellexpenditurel before gain51llosses) on investments 1,383,947 185,738 1,569,￿5 G8inslllossesl on investments 122,9241 122,9241 Net incomellexpenditurel before transfers 1,361,023 185,738 1,546,761 Tran5fets beknn funds 1747.7901 747.790 Net movement in funds 566.626 747.790 185.738 1,546,761 Total funds broughtforvrdrd 1,201,648 1,660,887 95,589 2,959,124 Tptal funds carried for¥%prd 1,768,274 2,455,284 282,327 4,505,885 39 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS - COMPARATIVE FIGURES FOR THE YEAR ENDED 30 JUNE 2023 21. COMPARATIVE OF TOTAL EXPENDITURE ANALYSIS OF DIRECT AND ALLOCATED COSTS Direct Costs Allocated Co&s Support Costs 2022 Total Costs of raising funds Comm8rcial Operations Fundraigng actNrties Donor acquisrtion Fundraisng and publicity 1,794 419,Q90 19,310 320,046 1,794 419,09D 19,310 559.136 178,4 60,687 Charitable èxpenditurè Carer and family supp)rl serv￿$ 1 866 270 2 725 387 2 626,510 820011 3 724.717 ANALYSIS OF SUPPORT COSTS Manag8mènt Finance and Admin 2022 Total Cost of raising funds Fundraisng and publicity Charitsble èxpènditurè Carer and family supwrt serv￿$ 36,000 14,012 10,675 60,687 145,915 68,925 2,669 217,509 181.915 82,937 13,344 278.196 40 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS - COMPARATIVE FIGURES FOR THE YEAR ENDED 30 JUNE 2023 22. COMPARATIVE ANAYSIS OF RESTRICTED FUNDS At 1 July Incorne Expéndlturè At 30June 2022 Care tearn offices.. Essex Harnpshire London & SoLJth East North East North Vvesl South West ReadirvJ NHS Eryland 88C Children In Need It's Atout Time Anne Harris Skills CEvelopment Programrlle Kentown Wizard Programrne Tees Valley CCG Online SupFK)rt 31,500 68,790 21,0(K) 167,695 40,955 104,800 70,606 5,000 43,197 75,865 151,315 50,000 187,463) 16,000) 1123,6791 (36,9441 1108,631) 176,800) 12,827 15,000 61,513 4,012 27,001 3,900 5,000 17,498 30,832 10,094 (43,197) (TT,5191 (72,1111 128,548) 6,665 5,010 79,203 21,452 21,500 38,000 10,000 866,722 116,0241 12,996) 11,072) 1680,9841 5,476 33,004 8,928 282,327 96,589 Care Team offices". over the year, we received geographically limited grants towards the costs of running our regional care teams including salaries, associated and operating costs, of Family Support Workers. NHS England awarded funding of £43.2k to allow the charity to make available community support fmm December 2021 to March 2022 to provide supwrt to children and families with complex needs in the context of the COVID-19 situation, undèr the Beds and Capacity In Palliative End of Life Care services grant scheme. 8BC Children In Need providecj funding for the 5818ry and related costs of a Famity Suptx)rt Worker In the GRater Manchester a￿a and made an additional COVID-19 Next SteF6 grant lo suppK)rt children In Greater Mancheslei who have been disproportionately affected t4 the pandemic. The 201912011's Ab(xJt Time Campaign raised £151.3k lo fund a Family Support Worker in each of five teams. The Anne Harns Skills Development Pr(YJramme provides funding for the training anL1 development of our Family SupFX)rt Workers Kentown Wizard is funding a Palliative Care Pr(¥Jramme In the Northwest. This is a colla￿rative programme e￿een Together for Short ￿Ves, The Kenlown Wizard Foundation and RaIn￿W Trust Children's Charity. Tees Valley CCG isfundiry a part-lime Family SupFOrt Worker in the North East. The Ethard Gosling FourKlation has provided £10k towards our online SUPFOrt initiative, offering support to children and their families in regions where we do not trEve a physical team located. 41 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS - COMPARATIVE FIGURES FOR THE YEAR ENDED 30 JUNE 2023 23. COMPARATIVE STA TEMENT OF FUNDS 1Ju 2021 Transfer and Gains 30Junp 2022 Income Expenditure Unrestn¢ted Funds.. General Fund Designated Funds= Fixed Asset Fund Legacy Equalisation Fund Strategic DeVelop￿Ent Reserve Restricted Funds.. Donations 1,201,648 4,427,680 13,C)43,7331 1817,3211 1,768,274 274,474 1,008,013 378,400 133,3481 356,645 471,400 241,128 1,364,658 849.500 96,589 666,722 1680,9841 122,9241 282,327 2,959,124 5294,402 13,724,717) 109,474 4,505,885 The Fixed Asset Fund rewesents the amount of total reserves that are invested in tangible fNed assets. The Legacy Equalisation Fund was established following the exceptional legacy income in 2020121 of £1,008,013 The fund airns to MO(￿rate the fluctuating and unpredictable nature of legacy Income by allocating any future ex￿$5 of legaw Iwome reC￿ved over a fwe-year average legaw iwome to the fund. This would tE released back to the General Fund in years where the legaw incorne falls IElow the fNie-year 3verage. The Strategic tkvelopment reserve was established frorn GerEral Funts in 2￿0121, to earmark funding for future FAanned strategic development of care setvices and InvestrrEnt in technology from In 2022 arld 2023. In 2021122 £28,900 has tEen SFEnt on this investment whiGh includes kne decommissioniry of servers to the Gloud. In recognition of the Gurrent cost of lThiing crisis, a further £S)Ok h8S tEen 8dded, lo fund the exceplK)nal pay ￿￿e awarded to staff leffeGtwe 151 JU￿ 20221 for four years. 42 RAINBOW TRUST CHILDREN'S CHARITY NOTES TO THE FINANCIAL STATEMENTS - COMPARATIVE FIGURES FOR THE YEAR ENDED 30 JUNE 2023 24. COMPARATIVE ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS Unrestricted Funds Designated Funds Restricted Funds Total Funds Fund balances at 30 June 2022 are reprèsented by: Tangible fixed assets Investrnents Current assets Current liabilities Creditor5 falling due aft8r more than one year 241,126 1,509.817 704,341 241,126 2,539,859 2.802,286 49,898) 1,030,042 1,615,598 [149,8981 282,327 127 468 127 4e8 1,768,274 2,455,284 282,327 4,505,885 43