RAINBOW FUND FORSOUTH AFRICA CHAIR REPORT FOR THEYEARJANUARY 1 TO DECEMBER2024 FOR THEAGM ON 30- JUNE 2025. TRUSTEES: Denise Watt, Joint Chair. Hans Kortekaas, Joint Chair. Peter Louwrens. Maria Skotidas, Kathryn Raath. Martin Bracknell, Nonkuthalo Xapile Thithi The Rainbow Fund for South Africa is a charitythat existsforthe prime reason of r8ising funds to operate a homework school. The Rainbow School. in Gugulethu, a township area in Cape Town. All the trustees are volunteers and 100% of the funds raised go directly to the school. 1. NUMBERS: 243 children enrolled in 2024 with approximately 120 children in house each day: 600 meals provided Monday toThursday and 60 to 70 on Friday; 52 registered for visual art and 20 for computer studies; The Maths Reflective Learning Programme involved 98 children between grades 5 and 7: 3 workshops of 13weeks were completed in Plumbing forwomen: The School has 7 teachers and 2 administrators: 4 of the teachers retired at the end of 2024 and have been replaced with 4 newteachers: 6 learners received awards for excellent performance in Mathematlcs on the Reflective Leaming platform; 5 learners achieved prefect status in theirmain schools: 3 learners were awarded top prize on graduation; and 10 Rainbow alumni (grades 8, 9 and 10) attended dailyto use the school computers. 2. PROJECT AND EVENTS The Reflective Learning Programme that Ninety One have instigated began in July and has been verywell received by all the children. It is an award-winning maths programme for Grades 5 10 10that helps to identify and close learning gaps, so students can reach their full potential.
Since it is a hybrid online programme, each student can progress at their own pace. Ninety One donated 10 CoMperS givingthe school a total of 25. Three 13 week courses of 25 women were held for Plumbingforwomen. Two visual exhibitions were held in May and September displaying both the Artwork and progress in Computer Studies through PowerPoint displays. These were well supported bythe community. 3. OUTINGS Excursions to the Zeitzmocca Museum of ContemporaryArt. Prize-giving and teacher leaving party given atthe end of the year. 4. FUND RAISING The school received a grantfor 2024 from the MurrayTrustfor the Women in Plumbing Programme. This was not renewed in 2025. Richmond held the following: A Taste of Japan- raised £1,227.80: Mandela Day Garden Party on July 20th raised £1.175; GiftAid produced £3.805; A legacy sponsor gave £3.000: 16 riders from Ninety One rode on the London to Brighton Bike Race which raised £4.853; We had £2,000 from an anonymous donor: £250 raised from Sound Baths held at home of Denise Wyatt; and Receipts from standing orders from sponsors approximately £850 per month - £10,200 per annum. 5. OTHER MArrERS There has been no further development of the Church requesting rent from the school. The school already contributes to maintenance. cleaning and communication costs. Ninety One switched their supportfrom providinga single Maths teacherto financing the Reflective Leaming Programme for 3 grades.
The RBC Bank account closed in May 2024. 6. TRUSTEES Michelle Davadoss and Michelle Bouchier have resigned as trustees. Lord John Lee has agreed to be the new patron. 7. FINANCES We concluded the year with £37.708 in the bank. Our expenditure was £36,111. There is a concern that the School's expenditure is unsustainable if the funding is totally dependent on RFfSA. However. the school does not have the means to raise funds for itself unless it involves the Governors. Denise Wyatt and Hans Kortekaas
RAINBOW FUND FOR SOLrrH AFRICA INCOME AND EXPENDITLIRE ACCOUNT I JANUARY 2024 to 31 DECEMBER 2024 l January 2024 to Notes 31 December 2024 ljanuary 2023 to 31 December 20Z3 INCOME Donations and events Grants Total Fundraising Income Tax Recovered (Gift Aid) Debt Recovered Total Income 20.817 2,520 23.337 3,806 196 27,339 31,338 3,078 34.416 6.840 41,256 EXPENDITURE Expenses Gifts to J L Zwane Centre, Gu8ulethu - Operating Costs Gifts to J L Zwane Centre, Gugulethu - Skills Project Total Expenditure 1,361 20,750 14,000 36.111 311 21,6 21,000 42,911 EXCESS OF EXPENDITURE OVER INCOME OPENING BALANCES Lloyds Bank Royal Bank of Scotland Current Account Totsl Openln8 8alan¢es CLOSING BALANCES Lloyds Bank Royal Bank of Scotland Total Closlng Balances NET INCREASE I IDECREASE) IN CASH BALANCES 46,076 404 48,157 175 48,332 37,708 46,076 404 46,480 (1.852) 37.708 18,772) ACCOUNTS RECEIVABLE Current Debtor 197 NET ASSET VALUE
NOTES The income is represented by funds receNed from standing orders, tickets for events and other donations. Events Taste ofjapan July 2023 Mandela Garden Tea Anniversary of Peter Huhne'sThanksgiving Sponsorship through Standing Orders and donations via Website 2,268 1,228 1,040 3,000 15,549 An amount of £2,520 was received from The Charities Trust for the period under review. Expenses are for printing material and Zoom renewal fee which enables the trustees to hold meeting5 With the administration staff at the JL Zwane Centre, Gugulethu. We partnered with Ninety One for the London to Brighton Cycle Ride and paid £750 towards advertising costs. Other expenses were paid for by the Trustees personally without any c¢)St to the fund. Gifts to J L Zwane Centre. Gugulethu - Operating Costs £20.750. Fund5 are in turn utilised for food for the pupils during term. teacher salaries. the cook's salary as well as contributions to the Centre's administrator and over-heads. Gifts to J L Zwane Centre, Gugulethu - Skills Project £14,OLKI. A second bank account for the Skills Project is administered by the two Centre Administrators who regularly provide Statements of Expenditure. The rand equaivalent of the expenses for the Skills Projert for the period January 2024 to December 2024 amounted to R327,880. The average exchange rate of R23.42 was used for the period under review. The current debtor of £197 arose during October 2023, when the money was erroneously withdrawn from the RBS bank account. This amount was repaid in April 2024 (subsequent financial yearl into the Lloyds bank account. Due to this event, the decision has been tsken by the trustees to close the RBS bank account.
TRUSTEES, REPORT The JL Zwane Centr$ rnanagement tearn communKate with us and send us regular reports as to how they use the funds we send flexibly to benefit the children. Duri the year we have exthanged efflails (and Meetings via Zooml on the details of their financial arrangements. The payment made in November 2024 is for a Christsna5 for the teadr& UK based Trustees vtsited the sdiool during quarters l and 4 during the peTiad under review. The TNstees continue to take their suuttny role seriously to ensure the rnoney is spent in accordance with the donorfs expertations butwithout burdenSng a small proiert with unnecetsary administration. ein The trustees have appointed a new auditor forthe period under review due to the resignation of the Pre0$ auditor. 2S Denise Chair Date
INDEPENDENT EXAMINEWS REPORT report on the accounts of the Charity for the twelve month period ended 31 December 2024. Res ective Res onsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity'5 Trustees consider that an audit is not required for this period under settion 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Art; and to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. and to State whether particular matters have come to my attention. Basis of Inde endent Examiner's Re ort My examination wa5 carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material rnatters have come to my attention which give5 me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Art; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accour)ts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair view, which is not a matter considered as part of an independent examination. I have come across no matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 24June 2025 6renton Green Date
RAINBOW FUND FOR SOLrrH AFRICA INCOME AND EXPENDITLIRE ACCOUNT I JANUARY 2024 to 31 DECEMBER 2024 l January 2024 to Notes 31 December 2024 ljanuary 2023 to 31 December 20Z3 INCOME Donations and events Grants Total Fundraising Income Tax Recovered (Gift Aid) Debt Recovered Total Income 20.817 2,520 23.337 3,806 196 27,339 31,338 3,078 34.416 6.840 41,256 EXPENDITURE Expenses Gifts to J L Zwane Centre, Gu8ulethu - Operating Costs Gifts to J L Zwane Centre, Gugulethu - Skills Project Total Expenditure 1,361 20,750 14,000 36.111 311 21,6 21,000 42,911 EXCESS OF EXPENDITURE OVER INCOME OPENING BALANCES Lloyds Bank Royal Bank of Scotland Current Account Totsl Openln8 8alan¢es CLOSING BALANCES Lloyds Bank Royal Bank of Scotland Total Closlng Balances NET INCREASE I IDECREASE) IN CASH BALANCES 46,076 404 48,157 175 48,332 37,708 46,076 404 46,480 (1.852) 37.708 18,772) ACCOUNTS RECEIVABLE Current Debtor 197 NET ASSET VALUE
NOTES The income is represented by funds receNed from standing orders, tickets for events and other donations. Events Taste ofjapan July 2023 Mandela Garden Tea Anniversary of Peter Huhne'sThanksgiving Sponsorship through Standing Orders and donations via Website 2,268 1,228 1,040 3,000 15,549 An amount of £2,520 was received from The Charities Trust for the period under review. Expenses are for printing material and Zoom renewal fee which enables the trustees to hold meeting5 With the administration staff at the JL Zwane Centre, Gugulethu. We partnered with Ninety One for the London to Brighton Cycle Ride and paid £750 towards advertising costs. Other expenses were paid for by the Trustees personally without any c¢)St to the fund. Gifts to J L Zwane Centre. Gugulethu - Operating Costs £20.750. Fund5 are in turn utilised for food for the pupils during term. teacher salaries. the cook's salary as well as contributions to the Centre's administrator and over-heads. Gifts to J L Zwane Centre, Gugulethu - Skills Project £14,OLKI. A second bank account for the Skills Project is administered by the two Centre Administrators who regularly provide Statements of Expenditure. The rand equaivalent of the expenses for the Skills Projert for the period January 2024 to December 2024 amounted to R327,880. The average exchange rate of R23.42 was used for the period under review. The current debtor of £197 arose during October 2023, when the money was erroneously withdrawn from the RBS bank account. This amount was repaid in April 2024 (subsequent financial yearl into the Lloyds bank account. Due to this event, the decision has been tsken by the trustees to close the RBS bank account.
TRUSTEES, REPORT The JL Zwane Centr$ rnanagement tearn communKate with us and send us regular reports as to how they use the funds we send flexibly to benefit the children. Duri the year we have exthanged efflails (and Meetings via Zooml on the details of their financial arrangements. The payment made in November 2024 is for a Christsna5 for the teadr& UK based Trustees vtsited the sdiool during quarters l and 4 during the peTiad under review. The TNstees continue to take their suuttny role seriously to ensure the rnoney is spent in accordance with the donorfs expertations butwithout burdenSng a small proiert with unnecetsary administration. ein The trustees have appointed a new auditor forthe period under review due to the resignation of the Pre0$ auditor. 2S Denise Chair Date
INDEPENDENT EXAMINEWS REPORT report on the accounts of the Charity for the twelve month period ended 31 December 2024. Res ective Res onsibilities of Trustees and Examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity'5 Trustees consider that an audit is not required for this period under settion 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Art; and to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Act. and to State whether particular matters have come to my attention. Basis of Inde endent Examiner's Re ort My examination wa5 carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material rnatters have come to my attention which give5 me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Art; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accour)ts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair view, which is not a matter considered as part of an independent examination. I have come across no matters in connection with the examination to whith attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 24June 2025 6renton Green Date