ANNUAL REPORT
FOR THE YEAR ENDED 15 OCTOBER 2022
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 2022
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 2022
CHAIRMAN’S REPORT
During the year to 15th October 2022, the pandemic was starting recede, but many still had to come to the centre for food parcels. Unfortunately, due to the Pandemic approximately 200 volunteers who had worked on the Paradise Run decided that they were no longer able to volunteer, many being elderly, others due to health problems. In any case, the Paradise Run had to be stopped during the lockdowns and it was not re-started. Later in the year we began to open on a Wednesday night to replace Paradise Run.
During this financial year we were able to slowly open the centre, as the pandemic had caused much disruption, for the after effects of Covid were still being felt and many were fearful. As we began to get volunteers back in, we opened the centre 3 mornings, Mondays, Wednesdays, and Thursdays, for a lunchtime meal. We continued to give out many food parcels in the centre and kept deliveries going with parcels to the homes of those who were not able to come in.
The English classes started back later in the year as soon as people felt able to attend.
The charity shop reopened much to everyone’s delight, and we had many donations of clothing and bric-a-brac, etc. as during the pandemic we were not able to accept donations due to infection safety measures.
The Thursday asylum seeks came back straight away with approximately 30-35 each week coming in, hearing the Gospel message, receiving lunch, and each given a food parcel.
A group of us began to meet every Thursday evening for Prayer and discussion of the work.
We are very grateful to all our supporters and volunteers for their continued support.
All glory and praise to the Lord.
RESULTS FOR 2022
Income – Overall slight increase over previous year.
Expenditure – Overall slight decrease over previous year, this was mainly due to our food costs were down on the previous year.
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 2022 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;
-
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:
-
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 2022
Details of the Independent Examiner
Signature:
Name: Mr Richard Rees Qualification: ACA Address: 80 Dan y Coed Road, Cardiff CF23 6NE Dated: 25[th] July 2023
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THE RAINBOW OF HOPE/PARADISE RUN
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 15 OCTOBER 2022
| 2022 | 2021 | |
|---|---|---|
| Receipts | £ | £ |
| Income | 36,383 | 43,150 |
| Legacy | 16,370 | - |
| Grant Income | 500 | 5,900 |
| Total Receipts | 53,253 | 49,050 |
| Payments | ||
| Food | 2,606 | 4,717 |
| Printing, Stationery and Postage | 283 | 57 |
| Travel and motor running | 3,324 | 1,477 |
| Telephone | 1,005 | 762 |
| Office/Shop Costs | 18,221 | 18,134 |
| Charity Insurance | 668 | 594 |
| Sundry Expenses | 522 | 878 |
| Repairs and Maintenance | 354 | - |
| Depreciation of Fixed Assets | - | 1,479 |
| 26,983 | 28,098 | |
| Surplus of Receipts over Payment | 26,270 | 20,952 |
| Accumulated Balance at start of year | 77,467 | 56,515 |
| Accumulated Balance at End of Year | 103,737 | 77,467 |
| Represented by: | ||
| Cash in Hand | 577 | 31 |
| Cash at bank | 103,160 | 77,436 |
| 103,737 | 77,467 |
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THE RAINBOW OF HOPE/PARADISE RUN
BALANCE SHEET AS AT 15 OCTOBER 2022
| NOTES FIXED ASSETS Tangible assets 1 CURRENT ASSETS Cash in hand Bank Balance CURRENT LIABILITIES TOTAL NET ASSETS |
2022 £ 2021 £ - - 577 31 103,160 77,436 |
|---|---|
| 103,737 77,467 - - |
|
| 103,737 77,467 |
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 2022
1. Tangible Fixed Assets
| COST At 15 October 2021 Additions At 15 October 2022 DEPRECIATION Accumulated depreciation brought forward Charge for the period At 15 October 2022 NET BOOK VALUE At 15 October 2021 At 15 October2022 |
Fixtures and Fittings £ 14,471 - |
|---|---|
| 14,471 | |
| 14,471 - |
|
| 14,471 | |
| - | |
| - |
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 (except for the Legacy of £16,370 which will be used in line with the terms of the legacy) held by the Charity are unrestricted. The trustees are free to use these in accordance with the charitable objectives.
The legacy of £16,370 is for restricted use. This will be spent in accordance with the terms of the legacy in the next financial year.
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