ANNUAL REPORT
FOR THE YEAR ENDED 15 OCTOBER 2021
FOR
THE RAINBOW OF HOPE/PARADISE RUN
Charity Number 1088856
THE RAINBOW OF HOPE/PARADISE RUN
CONTENTS OF ANNUAL REPORT
FOR THE YEAR ENDED 15 OCTOBER 2021
Contents
| Page | |
|---|---|
| Chairman’s Report | 1 |
| Report of the Independent Examiner | 2 |
| Details of the Independent Examiner | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
THE RAINBOW OF HOPE/PARADISE RUN
CHARITY INFORMATION
TRUSTEES
-
Miss Elizabeth Perret-Atkins
-
Mr Anthony William Jeremy
-
Mrs Freda Salway
-
Mr William Oliver
-
Mrs Maureen Davies
REGISTERED ADDRESS
25 Broadway Cardiff CF24 1QE
THE RAINBOW OF HOPE/PARADISE RUN
ANNUAL REPORT
FOR THE YEAR ENDED OCTOBER 2021
CHAIRMAN’S REPORT
The work of Rainbow of Hope changed during the course of the pandemic. Whilst the Paradise Run had stopped at the start of the pandemic we continued to provide food parcels. When circumstances allowed and as lockdown eased we were able to open our centre on Broadway to offer meals and to carry on with providing support in ways permitted under the circumstances.
Our volunteers were amazing, they carried on throughout, never grumbling but quietly getting on with whatever was needed and always smiling and cheerful. To meet with the demand food parcels were delivered seven days a week and sometimes into the evenings to cope with the increased demand.
It was a very emotional time as our volunteers found it hard to drop off food parcels and walk away without the normal human interactions.
We are very grateful to all our supporters and volunteers as well the supermarkets and Churches for their continued support.
All glory and praise to the Lord.
RESULTS FOR 2021
Income – Slight decrease over previous year – during the first lockdown we saw a huge increase in generosity of people, both financial donations as well as people volunteering to help with food parcels etc as furlough ended and lockdowns eased we saw a slight decrease in financial support.
Office costs – increased over the previous year due to an increase in our rent and other running costs.
The Rainbow of Hope Centre is located at 23-25 Broadway, Roath, Cardiff CF24 1QE.
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
OF THE RAINBOW OF HOPE/PARADISE RUN
I report on the accounts of the Rainbow of Hope (charity number 1088856) for the year ended 15 October 2021 which are set out in page 4.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 (2) of the Charities Act 2011, and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under 145 of the 2011 Charities Act;
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to follow the procedure laid down in the general Directions given by the Charity Commission under the section 145 (5) (b) of the 2011 Charities Act; and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of accounts presented with those records, and seeking explanation from trustees concerning any such matters. 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.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 130 of the 2011 Charities Act; and
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to prepare accounts which accord with the accounting records and to comply with the account requirements of the Charities Act have not been met; or
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to which in my opinion, attention should be drawn to enable a proper understanding of the Financial Statements to be reached.
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THE RAINBOW OF HOPE/PARADISE RUN
ANNUAL REPORT FOR THE YEAR ENDED 15 OCTOBER 2021
Details of the Independent Examiner
Signature:
Name: Mr Richard Rees Qualification: ACA Address: 80 Dan y Coed Road, Cardiff CF23 6NE Dated: 30[th] July 2022
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THE RAINBOW OF HOPE/PARADISE RUN
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 15 OCTOBER 2021
| Receipts Income Grant Income Total Receipts Payments Food Printing, Stationery and Postage Travel and motor running Telephone Office/Shop Costs Charity Insurance Sundry Expenses Depreciation of Fixed Assets Surplus of Receipts over Payment Accumulated Balance at start of year Accumulated Balance at End of Year Represented by: Fixtures and Fittings Cash in Hand Cash at bank |
2021 2020 £ £ 43,150 49,039 5,900 4,494 |
|---|---|
| 49,050 53,533 4,717 4,889 57 50 1,477 1,333 762 1,039 18,134 14,105 594 654 878 572 1,479 2,894 |
|
| 28,098 25,536 20,952 27,997 56,515 28,518 |
|
| 77,467 56,515 |
|
| - 1,479 31 120 77,436 54,916 77,467 56,515 |
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THE RAINBOW OF HOPE/PARADISE RUN
BALANCE SHEET AS AT 15 OCTOBER 2021
| NOTES FIXED ASSETS Tangible assets 1 CURRENT ASSETS Cash in hand Bank Balance CURRENT LIABILITIES TOTAL NET ASSETS |
2021 £ 2020 £ - 1,479 31 120 77,436 54,916 |
|---|---|
| 77,467 56,515 - - 77,467 56,515 |
Approved by the Board of Trustees and signed on their behalf by:
Elizabeth Perret-Atkins Chairman
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THE RAINBOW OF HOPE/PARADISE RUN
NOTES TO THE FINANCIAL ACCOUNTS
FOR THE YEAR ENDED 15 OCTOBER 2021
1. Tangible Fixed Assets
| COST At 15 October 2020 Additions At 15 October 2021 DEPRECIATION Accumulated depreciation brought forward Charge for the period At 15 October 2020 NET BOOK VALUE At 15 October 2020 At 15 October2021 |
Fixtures and Fittings £ 14,471 - |
|---|---|
| 14,471 | |
| 12,992 1,479 |
|
| 14,471 | |
| 1,479 - |
2. Accounting Convention
The Financial Statements are prepared under the historical cost convention and in accordance with the best practice guidelines as laid down in the statement of Recommended Practice “Accounting and Reporting by Charities”. The Financial Statements are prepared using the Receipts and Payments basis.
3. Fund Accounting
All funds held by the Charity are unrestricted. The trustees are free to use these in accordance with the charitable objectives.
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