## **ANNUAL REPORT** **FOR THE YEAR ENDED 15 OCTOBER 2024** ## **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 2024** ## **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 - Mr Paul Short - Mrs Llinos Rainer ## **REGISTERED ADDRESS** 25 Broadway Cardiff CF24 1QE ## **THE RAINBOW OF HOPE/PARADISE RUN** ## **ANNUAL REPORT** ## **FOR THE YEAR ENDED 15 OCTOBER 2024** ## **CHAIRMAN’S REPORT** This has actually been quite a disruptive year for Rainbow of Hope. It started out, as usual, with being open on Mondays, Wednesdays, Thursday and Friday and also Tuesday and Saturday evenings. We met for monthly Prayer on first Thursday of the month and the Trustees that were able to also meet on a weekly basis, for Prayer and to discuss the work. The Farsi meetings continued for food and fellowship and their numbers started to increase. The English classes continued on Thursday afternoons, from 2-3-30. We held an Alpha course on Saturdays from 12 -2pm. We had an amazing visit from the Christian Bikers, who shared the Gospel, which was so enjoyed. All the Harley bikes really impressed the men from the hostel across the road. The Hope Rehab Centre also sent a couple of their representatives, who gave an amazing testimony of how they came to Faith and how their lives were wonderfully changed, off all the drugs etc. We had an amazing Christmas get together for all the volunteers, which was held in our building with a great buffet and a very amusing Quiz, and a great time was had by all. For some considerable time the owners of the building wanted to sell it and it was eventually bought by Green Pastures another charity that has provided homes for the homeless over very many years. This was intended for the mutual benefit of both our charities, helping to provide both homes and sustenance for those in need. On 2nd June the purchase was made and we had an enormous job to clear everything out of the building. Unfortunately it was found to have Asbestos, and so that all had to be dealt with. Then the building was found to be unsafe, as some of the girders were unstable, so this meant that it would be a considerable time before we could get back to normal. We then had to look for an alternative venue, to continue the work. We approached many different Churches, but nothing was forthcoming. We were able to take in food donations and give them out during this time and were able to meet in various homes to continue the office work. Everything needed to go into storage, so we had to find somewhere for that also. All in all this has been a challenging year, but the work has continued, we were still able to give help where needed and our faithful supporters continued to give financially and with food donations, for which we were most grateful and thank God for their faithfulness. Thankfully by the end of the year, by God’s Grace a new temporary venue was found. ## **RESULTS FOR 2024** Income – Overall increase over previous year. Expenditure – Overall increase over previous year, this was mainly due to the repairs necessary to the building **The Rainbow of Hope Centre is located at 23-25 Broadway, Roath, Cardiff CF24 1QE.** ~ 1 ~ ## **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 2024 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 - 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: 1. which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with section 130 of the 2011 Charities Act; and - 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 2. to which in my opinion, attention should be drawn to enable a proper understanding of the Financial Statements to be reached. ~ 2 ~ ## **THE RAINBOW OF HOPE/PARADISE RUN** ## **ANNUAL REPORT FOR THE YEAR ENDED 15 OCTOBER 2024** **Details of the Independent Examiner** Signature: Name: Mr Richard Rees Qualification: ACA Address: 80 Dan y Coed Road, Cardiff CF23 6NE Dated: 11[th] July 2025 ~ 3 ~ ## **THE RAINBOW OF HOPE/PARADISE RUN** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 15 OCTOBER 2024** |**Receipts**
Income
Grant Income
Total Receipts
**Payments**
Food
Printing, Stationery and Postage
Travel and motor running
Telephone and Website
Office/Shop Costs
Charity Insurance
Sundry Expenses
Repairs and Maintenance
(Deficit) / Surplus of Receipts over Payment

Accumulated Balance at start of year
Accumulated Balance at End of Year
**Represented by:**
Cash in Hand
Cash at bank|**2024**
**2023**
**£**
**£**
37,952
39,892
8,000
-| |---|---| ||45,952
39,892| ||5,579
4,290
32
689
2,872
3,422
1,025
706
20,654
25,023
768
741
877
472
27,245
99| ||59,052
35,441| ||(13,100)
4,451
108,188 103,737| ||95,088 108,188| ||112
417
94,976 107,771| ||95,088 108,188| ~ 4 ~ ## **THE RAINBOW OF HOPE/PARADISE RUN** ## **BALANCE SHEET AS AT 15 OCTOBER 2024** ||**NOTES**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**FIXED ASSETS**|||| |Tangible assets|1|-|-| |Cash in hand||112|417| |Bank Balance||94,976|107,771| |||95,088|108,188| |**CURRENT LIABILITIES**||**-**|**-**| |**TOTAL NET ASSETS**||95,088|108,188| Approved by the Board of Trustees and signed on their behalf by: Elizabeth Perret-Atkins Chairman ~ 5 ~ ## **THE RAINBOW OF HOPE/PARADISE RUN** ## **NOTES TO THE FINANCIAL ACCOUNTS** ## **FOR THE YEAR ENDED 15 OCTOBER 2024** ## **1. Tangible Fixed Assets** |**COST**
At 15 October 2023
Additions
At 15 October 2024
**DEPRECIATION**
Accumulated depreciation brought forward
Charge for the period
At 15 October 2024
**NET BOOK VALUE**
At 15 October 2023
At 15 October2024|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 held by the Charity are unrestricted. The trustees are free to use these in accordance with the charitable objectives. ~ 6 ~