Company registration number: 04318070 Charity registration number: 1096570 Folkestone Rainbow Centre (A company limited by guarantee) Atmual Re)rt and Financial Statements for the Year Ended 31 December 2024 Beresfords Chartered Certified Accouniants 1-2 Rhodium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ
Folkestone Rainbow Centre Contents Reference and Administrative Details Trustees, Report 2to8 Statement of Trustees, Responsibilities Independent Examinevs Report io Statement of Financial Activilies llto12 Balance Sheet 13 Not¢s to th¢ Financial Ststements 14to29
Folkestone Rainbow Centre Reference and Administrative Details Trustees Mr N J Buckley Mrs J A Doherty Miss D Douse Mr A G Ferguson Dr P Lc Feuvre fvlrs E J Pettersej) Dr J Russell Reverend G I Webber Secretsry Mr S C Corner Registered Offjce Cornerstone 69 Sandgate Road Folkestone Kent CT20 2AF Company Registrgtion Number 04318070 ChaTity RegistratiOD Number 1096570 Independent Examiner Beresfords Chartered Certified Accountsnts 1-2 Rhodium Point Spindle Close Hawkinge Folkeston¢ Kent CT18 7TQ Page I
Folkestone Rainbow Centre Trustees, Report STRUCfURE, GOVERNMENT AND MANAGEMENT The Iwstces. who are directors for the PUTposes of company law. present the annual strategic report together with the flnancial statements of the charitable company for the year ended 31 December 2024. The Folkestone Rainbow Centre is a company limited by guarantee governed by its Memorandum and Articles of Association dated 6 November 2001. This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The Centre is al80 registered as a charity with the Charity Commission. The trustces have prepared the annual report and fllwicial statements in accordance with the chity'S governing documenL the requirements of charity law, in particular the Commission's Statement of Recommended Practice. The trustees Confirni ihat they have had regard to the commission's guidance on public benefit when exercising their powers and duties to whi¢h the guidance is relevant. The ways in which the charity has contributed to public benefit are Set out in th¢ stst¢m¢Dt of activities. Risk Management The ITUStee5 have a duty lo Identify and review the risks to whi¢h the ¢harity is exposed and to ensure appropriate controls are in place to provide reasonable &8surance against fraud and error. A detsiled risk register is maintsined and updated at least once a year. OBJEcfivES AND ACTIVITIES Aims ond Objtctivt8 The Rainbow Centre is a Christian charity whose puryJos¢ is to deliver services in Folkestone and Hythe to provide support and hope to individuals and families experi¢n¢ing deprivation OT hardship. The Objects of the Rainbow Centre, as re¢orded by the Charity Commission are 'For the benefit of the inhabitants of Folkestone and neighbourhood without distin¢tion of sex, Colour, age or poliÉi¢al. religious or other opinions, and to promote the relief of people in need in any manner which now is and hereafter may be demised by law to be ¢h8ritable, including the relief of verty and advancernent of learning,. Underpinning the ObjtiVe are five values which provide a quality framework for 811 work which is undertaken in the name of the Rainbow Centre. . Respect Conipassion . Excellence Collabordtion • Commitment Page 2
Folkestone Rainbow Centre Trusteesl Report ACHIEVEMENT AND PERFORMANCE Overview In 2024, the Rainbow Centre maintained all of its long-stsnding services, some of which needed to expand to respond to increasing demand, especially by people experiencing homeles5nes5. Greater numbers of people altend our Breakf&st Club, benefiting from a waTm and friendly space. and from the increased range of services that are on offer. Along with our church partners we ran another successful Winter Shelter in a local B&B. Through the support of our many volunteers. hot evening meals were provided seven nights a week. Our mobile combined foodbank and Panty continues to operate each weekday at ditTerent venues in the district and the Hythe Pantry remains well used and well supported. The year has seen an increase in the number of charities pmviding food for the people of Folkestone. This has led to a slight reduction in the Foodstop service that is run three evenings a week Our Money Matters scheme. that supports people in financial difficulty, has seen a change following the closure of the Ial Citizens Advice service. This h&$ led to ihe Rainlx)w Centr¢ ne¥otiating with Dover and Deal CA who would then etnploy the financial adviser working in the service. The Family Contact Centre continues to provide a vitsl support in our local community. This year. it received accreditation from the National Association of Child Contsct Centres. There has been an increase in the rental of the Rainbow shop. that has led to a decrease in the surplus funds from the takings of the shop that are available to the Rainbow Centre. In anlicipation of our 40th anniversary, we recruited a marketing and wmrnunications consultant to help to plan the publicity and events for the coming year We MaIned in discu55ion with the Dislri¢t Methodist Chiw¢h to plan together for multi-purpose buildings on the slte of the old Methodist Church in the centre of Folkestone. As well as geneTOU5 SUPPOrt from both central and local government, we continue to be blessed with kind donations from local businesses, supporters and residents. We had another healthy financial year, with many su¢¢essful funding bids, and our reserves remain stable and sufficient. Thanks to Mary Stredwick, our Chief Executive, we have strong ongoing relationships with the local Council, and local Churches and businesses. Homeles5 Support S¢rYice and Rainbow Club Evictions are rising, averaging three per week. totalllng around 100 this year. Many landlords issue Section 21 nOfault eviction notices to sell their propertie5 or reclaim them for new tenants. Signiflcant challenges remain. including a lack of available move-on accommodation aTJd rising rents. Our clients who are single, unemployed and homeless face daily obstacles in finding housing. as few landlords accept them. Local council criteria regarding local connections and priority needs further limit clients, options. Additionally. many clients sttvggle to pay rising rents, leading to increased requests for clothing and food assistance. We are also seeing more Glients with dual diagnoses or ongoing mental health issues. and are actively building partnerships with statutory mental health services. Page 3
Folkestone Rainbow Centre Trustees, Report Most individuals using our Homeless Support Service needed help completing housing applications, advice, and advocacy, with at least 70/0 of our clients requiring this assistance. Our clients. aged 18 to 72, include approximately 750/0 males, 200/0 fema1¢5. and 5 % identifying as non-binary or other genders. Currently, 200/0 are employed, while another 200/0 are seeking work. We have also supported 20 recently released offeT]ders. offering Day Centre services since we may not provide housing support for some. &)me of those vulnerably housed end up sleeping rough and rely on our practical support of showers. breakfast club, laundry facility, registering with GPS, postal address and referrals to specialist agencies. We attended to a total of 88 new clients: 520 telephone enquiri¢s r¢questing housing advice and other support, including access to showers {520), laundry (400), food paTcels, 15 per wcck. and 4 clients per dental bus quarterly visitr, 6 haircuts per monthly visit and 60 Postal Clients. Despite challenges, our efforts have led to 15 clients moving into pernianent accommodation. We've secured grdnts for essential household items. sustained ten tenancie4 and provided infornial support to several clients. OUT R8inbow Club operates from 10 am to noon, Monday through Friday, serving around 35 clients daily. Clients enjoy breakfast and can access inforniation about local food outlets. This year, we have provided nearly 1.000 breakfasts and distributed about 15 "Take Food Friday" bags weekly to Tough 51eepeTs. The Rainbow Centre is recognised as a community hub, collaborating with Porchlight for weekly dropin services and working closely with the local Council and Social Services. Forward Trust runs a drug and alcohol recovery clinic every Friday, while our weekly nurs¢ assists clients with refea]s. A quarterly health day. now attended by 8-10 support services, including a dental van, wntinue5 to meet ¢lient health needs. Other services include a benefits maximisation clinic and a drug and alcohol recovery service offered by Reach Out And Recover (ROAR). Barbers volunteer monthly to provide hal1$. and a CXK-run numeracy course has helped six clients improve their financial skills. Our garden project at Harbour Chur¢h, which produced vegetables. will resume 500n. We thank our volunteer team of 30 dedi¢ated individuals and our staff team of 4 who deliver the servi¢e. Sbepway Food Bank Shepway Foodbank, part of the Folkestone Rainbow Centre and Trussell TNst Netwo, has provided emergency food since 2014 and evolved from handing out essential food parcels to offering much support. The majority of people needing emergency food do so due to other more critical circumstances, such as debt, mental health. and homelessness, and the support given is to tackle these underlying causes of their food crisis. We are here to empower people, not to depend on food banks through our financial inclusion partnership proje¢t with Trusscll Trust and Shepway Citiz£n Advice which is coaching Foodbank users on budgeting. managing debL and benefits income maximisation coupled with cooking demonstrations. signposting them to services for assistallce, whetber to our homeless support team or outside agencies. Shepway Foodbank has one static New Rovnney service and a mobile service visiting five locations in Cheriton, Hawkinge, Lydd, Folkestone Academy (until May 2024) and East Folkestone. The wmbined locations fulfilled 712 food vouchers, 24/0 of which were due to the rising ¢05ts of essentials. With our 95 referral agents. we fed 1439 people in 2024: 995 adults & 444 children. These figures have shown a continued decrease over the last 2 years. This is not only due to th¢ Rainbow C¢ntr¢'s panlry offering. but there are far more organisations in Folkestone who have slarted or responded to the Cost of living Qrisis, estsblishing projects lo help those in need. which means More opportunities lo acces5 food in and around the town rentre. However. the same cannot be said for tbe rnral area5 of our districL where 24.50/0 of fiK)d parcels were distributed. Nearly 300/0 of people needing to access the foodbank more than 3 times in six months were due to low income. The highest nurnber of food parcels went to the age group 35 - 44 years. The hardest hit in 2024 w¢r¢ single people, over 570/0 of the voucher5 we fijlfilled. this 15 an increase of nearly IOO/o from 2023. We are seeing many foodbank service users transfer to the Panty service, and the ¢hang¢ in their ability to 'pay tlieir way, h&8 been tremendous. Page 4
Folkestone Rainbow Centre Trustees, Report We rely solely on generous donations from Churches, schools, local organisationslbusinesses, the general public. and surplus itsms from supemarkets, mainly brcad and bakery goods. We work very hard in the background to ensure we have enough stock in our warehouse to meet Foodbank and Pantry needs and also supply the Rainbow Centre's services. including Foodstop, Homeless Support SeNi¢e and Winter Shelter. We increased community collcction points: use of the Bank the Food app, supeTmarket drives, and in May we launched The 'Gift of Nourishment. initiative in partnership witll Lenihan's Veg Van and New Romney Butchers. The initiative allow5 local small businesses lo donate directly to us, generating £2,240 towards fresh produce purchases. Harvest 2024 was a bumper for Shepway Foodbank; four back-tfrback food drives at Waitrose Hythe, Tesco Cheriton, Sainsburys West Park Farm Folke5tOTJe & Asda Folkestone boosted stock by 4,327 kg and contributions of fresh produce from the Hythe Environmental Gleaners Group. Our total stock for 2024 was 45,579 kg, which is 1,846 kg less than 2023. This reflects the cost of living crisis. The avernge price of a food parcel for a single person 15 £45. and tor a family of four. £78. Food Pantries Our stati¢ Hirthe Pantry and Mobile Pantrles arc part of tbe Your Local Panty network, with IO0+ pantrl throughout the UK. A pantry aims to capture people before they reach a crisis point and require access to the Foodbank; it is for those struggling financially to make ends meet and softens the blow of high living costs. It is also th¢ most natural transition from using the Foodbank to the Pantry, bridging the gap between commercial supemarkets and the Foodbank. To access the servi¢e. people self-refer and apply online to become members. Upon approval, members pay a fee of £7 per visit and receive approximately £45 of shoppin& including ambienL frozen, aT]d fresh produce. Sin¢e October 2024, the Foodbank and Pantries are offered simultaneously as a mobile service in fjve lo¢ations (Cheriton, Hawkinge. Lydd, Folkestone Academy (until May 2024) and East Folkestone}. Each localion has the vital community space, where anyone accessing either the Foodbank or Panty can come in have a refreshment, chat to us and engage with agencies. including CAB, NHS One You, Community Wardens, Southern Water Vulnerability oifi¢ers, Shaw Trust Health & Work progrdmme, F&HDC Welfare team. At the Hythe Panty, there is a clothes rail available to our members, they can help themselves for a small donation, items for their selves and their family. We also have a book swap available. Many members also donate clothes or books, making them fcel part of the community we are building. The mobile service is helping more people access food ihan ever before. The Mobile Pantries supported 2,067 visits to feed 5.252 people, 3,464 adult5, and 1,788 children. Add this number to ihe Hythe Pantry, which saw an average of 134 members Utilise the service during 2024, wTrth 2.251 visits from January 2024 through December 2024. The total number of people supported is 12,038 people in our community during 2024. Foodstop Despite the challenges this year, Food Stop ha5 continued as an outreach service run by a dedicated team of volunteer5, providing essential 5UPPOrt three night5 a week to those living on the streets. At the end of 2023, we learned that two new groups had started providing hot meals: one at our location behind the police station and anothcr at the Clock Tower. Initially, this provision was for two nights a week, but it was soon incre&8ed to six nights a week. This change impacted our Se1¢¢. leading us to reluctantly withdraw from the town venue during the week while maintaining a presence ai the seafronl in May. Due to the changes. comparing statisttcs year on year is Ghallenging. Throughou¢ the year, we supported 2,270 people with bags Containing sandwiches, tins or packets of soup, baked beans. and a tinned meal, frniL custard, or rice pudding. We also offer hot drinks, biscuits, and homemade cakes, whi¢h local sUPPOrters donate. Folkestone Churches Winter Shelter (FCWS) Page 5
Folkestone Rainbow Centre Trnstees, Report The Winter Shelter. a collaborative project of the Ratnbow Centre and local churches, operated from December 1. 2024. to February 28. 2025. This was our fifth year running a static shelter. During this perii)d. we a9MMOdated 15 guests. including one dog and one cat. in 12 pre-booked rooms. The Project ran smoothly. and guests expressed appreciation as they quickly connectcd with staff. volunteers, and each other. While our shelter officially ended on February 28. we extended operations until March 15 to support six guests with upcoming move-ins. By March 15. we had admitted 15 guests4 women and I I men. Of these. 13 secured accommodation, one went to Colchester, the Council priorilised another for housing, and two guests regrettably could not engage. We were fortunate to have an exceptional pat1nership with our local churches and community. We extend our heartfelt thanks to the 87 volunteers from the church community and other indlviduals and businesses who generously donated their time, support, and resources to our shelter and Day Centre guests. We especially want to thank our Homeless Support staff members who demonstrated flexibility, took on additional responsibilities at short notice, worked evenings and weekends, wben our Winter Shelter Coordinator left his post abruptly. Famlly Contsct The Family Contact Centre is a crucial service that significantly impacts families who have experienced separation and wish to maintain contact with their children. The Centre provides a safe and welci)ming environment where children can engage with their parents, 5ibling5, and other family members. Furthennore, we offer a handover service during our op¢rating hour5. Our primary focus is to prioritise the unique need5 of each famity, including those with children who have additional needs. Our dedicated staff are trained to facilitate supported ¢ontad sessions and ensuTe smooth transitions between parents and ¢hildr¢n, a¢wmmodating ages O to 17. The seNiee operates every other Saturday from 8:45 a.m. to l.'OO p.m. We provide a varlety of toys and craft actiVAties for families to enjoy. although we encourage parents to bring their selection of activities as well. Parents often take the initiative to contribute CTaft activities for spccial occasions such as birthdays. Halloween. Easter. and Christmas. allowing them to participate in these celebrations actively. which they might otherwise miss. We are incredibly proud of the quality of service our highly dedicated team of volunteers offers and are pl¢&sed to have gained National Association of Child Contact Centres accreditation. In 2024, we supported 10 families. including 13 children. Four additional families and four children were allocated places. however, they chose not to attend. Page 6
Folkestone Rainbow Centre Trustees, Report Money Matters Project Each year, professionally prepared money advice plans (MAPS) and ongoing Mentoring from trained volunteers are provided to those facing unmanageable debt. Unfortunately, the demand for the service, fuelled by the cost of living and unaffordable rents, keeps rising. The financial advisor's assessment, advice, and volunteer mentor 5UPPOrt enable clients to manage iheir money. deal with debts. and secure other entitlements, impn)ving their overdll quality of life. During the year, the regular Money Matters se1¢e assisted fewer clients than in 2023 due to the Money Speclalist Adviser being off-sick for a couple of months. I I mcntOTS and one Debt Specialist supported 42 Clients, whose debt levels ranged from £1.500 to £45,000. With Trussell Trust funding, a Money Adviser has, throughout the year. alongside the Foodbank and Pantry Service. ntInued to visit all the locations on a rotating schedule, allowing people to ac¢ess the money and debt management service no matter where they live within the Folkestone and Hythe distrith. So far, 53 foodbank clients have been supported, and the aim is to continue promoting the servi¢¢ to those who need it. In December, we leamt about the sad closure of Citizens Advice Shepway before Chri51mas, thus ending a partnership between on¢ of the last original organisations. We are very grateful that Dover, Deal and District Citizens Advice will be Stepping in to take their place by providing a Debt Specialist to work on a different project called Money First Aid. which also helps clients in debt. FINANCIAL REVIEW Reserves Poliey It has been the policy of the charity to keep cash asset5 of a minimum of three months running costs with a target of about six months. Trustee5 clarified in the course of the year that this minimum and target applied separdtely to the charity's restricted and unrestrlcted reserves. As at 31 December 2024 ¢&qh at bank and in hand was £1.032,432, of which £776,791 related to restricl¢d fund5 and £IOO.000 related to designated nds. After allowing for liabilities of £17,628 the r¢maiT)ing balance stands at £138,013 which represents about thr¢¢ months of total monthly expenditure and around six months expenditure from unrestri¢ted funds. TRusfEE AppoINfMENTS Alison Pemberton became a trustee on 16th July 2024 and resigned as a trustee on 24th September 2024. Page 7
Folkestone Rainbow Centre Trnsteesl Report FUTURE DEVELOPMENTS Th¢ Folkestone Rainbow Centre has been offered the use of a hotel in the to for the purposes of emergency and supported housing for homeless people. We will seek planning perniission for change of use, and hope to have this facility available for the winter of 25-26. We continue to refine plans for the development of the fornier Methodist Church in Sandgate Road, and we look fon¥ard to receiving planning permission for this structure. that will allow us to begin the necessary thnd-raising. If this project is pern)itted, we would plan to re-locate our offices to these new premises. Approved by the Board and signed on its khalf by: Dr P Le Feuvre Chair of Trustecs Ic Page 8
Folkestone Rainbow Centre Statement of Trusteest Responsibilities The trustees (who are also the directors of Folkestone Raillbow Centr¢ for the purposes of company law) are responsible for preparing th¢ trustees, report and ihe financial statement5 in accordan¢e with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 "The Financial RepoTting Standard applicable in the UK and Republic of Ireland" Company law r4uires the trust¢es to prepare f&nancial ststements for each financial year. Under company law the trustees must not approve the fjnancial statements unless they are salisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitsble company for thal period. In preparing these financial slat¢m¢nts, the trustees are required to: sel¢¢t suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. mak¢ judgements and estimates that are reasonable and prudent" sta¢¢ whether applicable accounting 5tandaTds, ¢omprising FRS 102 have been followed, 5ubje¢t to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going Concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper a¢¢ounting records that can disclose wlth reasonable a¢curdCy at any time the financial position of the charitable company and enable them lo ensure that the financial statements comply with the c.ompanies Aet 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. The trustees are responsible for th¢ mainlenance and integrity of the corporate and financial inforniation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statement5 may diffcr from legislation in other jurisdictions. Approved by e trustee5 ofthe ¢harity on ....... and signed on its behalf by.. Dr P Le Feuvre Trustee Page 9
Folkestone Rainbow Centre Independent Examiner's Report to the trustees of Folkestone Rainbow Centre ('the Company,) I report to the charity tSteeS on my examination of the acwunts of the Company for the year ended 31 December 2024. Responsibilities and b4sis of report As the charity's tSteeS of the c.ompany (and also its diTe¢tors for the purposes of company law) yoll are responsible for ihe prepallOn of the accijunts in accordance with the requirements of the Companies AGt 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as wried out under section 145 of the Charities Act 2011 ('the 2011 Act.). In caTrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gros5 income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I ¢onfimi that l am qualified to undertake the examination because I am a niember of The Association of Chartered Certified A¢¢ountants. which is one of tbe listed bodies. I have Completed my examination. I confirnl that no matters have come to my attention in connection with the examination giving me cause to believe; accounting records were not kept in respect of Folkestone Rainbow Centre as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those rewrds. or 3. the a¢¢ounts do not comply with the accounting wu1mentS of section 396 of the 2006 Art 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. or 4. the accounts have not been prepared in accordance with the methods and principles of the Sialemcnt of Recommended Practice for accounting and reporting by charities [appli¢able to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)]. J have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Dan Payne FCCA Beresfords Chartered Certified Accountants 1-2 Rhi)dium Point Spindle Close Hawkinge Folkestone Kent CT18 7TQ .Ii ?>5 Page 10
Folkestone Rainboiv Centre Statement of Financial Activities for the Year Ended 31 December 2024 (Includillg Income And Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted Re5trirted Note In¢ome And EDdowments from: Donation5 and legacies Charitable activities Other trading activities Investment income Other income 242.1 17 47,078 194,345 289,195 194,345 10.574 57,452 9,000 10,574 57,452 9,000 Total Income 319,143 241,423 560.566 Expenditure OD: Charitable activities (282.709) (248,448) (531.157) Total Expenditure (282,709) (248,448) (531,157) Net income/(expenditure) Transfers between fund5 36,434 (51.580) (7,025) 51,580 29,409 Net movement in funds {15,146) 583,418 44,555 29,409 Total funds brought forward 758,084 ,341,502 Total funds carried forward 20 568,272 802,639 1,370,911 The notes on pages 14 to 29 forni an integral part of these finan¢ial statements. Page 11
Folkestone Rainbow Centre Statement of Financial Activities for the Year Ended 31 December 2024 (Including Ineome and Expenditure Account and Statement of Total Recognised Gains and Losses) 2023 Accounts Tot21 2023 Unrnstri¢t¢d Ro8trieted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income Other income 105,469 56,534 263,754 941 162,003 263,754 26,894 55.046 23.000 25,953 55.046 23.000 Totsl Income 209.468 321.229 530.697 Expenditure on: Charitable activities (260.807) (247,580) {508.387) Total Expenditsre (260,807) (247,580) {508,387) Net (expenditureyincome (51,339) 73,649 22.310 Net movement in funds (51,339) 634.758 73,649 22,310 Totsl filnds brought fonvard 684.435 1,319,193 Totsl fvnds ¢arried forward 20 583,419 758,084 1,341,503 The notes on pages 14 to 29 forni an integral part of thes¢ financial statements, Page 12
Folkestone Rainbow Centre (Registration number: 04318070) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments l5 16 358,671 377,955 358,672 377.956 Current assets Debtors Cash at bank and in hand 17 11,582 1,032,432 18.542 986.366 18 1,044.014 1,004,908 Creditors: Amounts falling due within one year 19 (31,775) {41,361) Net eurrent assets 1.012,239 963,547 Iyet assets 1.370,911 1,341.503 Fun(ts of the charity: Restricted income funds Restricted funds 802,639 758,084 UDrestrieted income funds Unrestricted funds 568,272 583,419 Total funds 20 1,370,911 1.341,503 For the financial year ending 31 DecembeT 2024 the charity entitled to ¢x¢mption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its acwunts for the year in question in acrordance with section 476. and Th¢ directOT5 acknowledge their responsibilities for ¢omplying with the requirements of the Act with reSpt to accounting re¢ords and the preparation of acwunts. Thefi %0 cial statements on pages 11 to 29 were approved by the tru5t¢es. and authorised for issue on L4 and signed on their behalf by- Dr P Le Feuvre Trustee The notes on pages 14 to 29 forni an integral part of these financial statements. Page 13
Folkestone Rainboiv Centre Notes to the Financial Statements for the Year Ended 31 December 2024 I ChArity status The charity is a private company limited by guarantee and consequently does not have share capital. Each of the trustees is liable lo conlribute an amount not exceeding £1 towards the assets of the charity in the event of iquidation. The address of its registered office is- Cornerstone 69 Sandgate Road Folkestone Kent CT20 2AF 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial stalernents are set out below. These policies have been consistently applied to a]1 the years pres¢nt¢d. unl¢ss otherwise stated. Statement of compliance The flnancial statements have been prepared in a¢cordan¢¢ with Accounting and Reporting by Charities: Statemenl of Recommended Practice (applicable to ¢harities preparlng their a¢¢ounts in aordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Compani¢s Act 2006. Basis of preparation Folkestone Rainbow Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are inilially r¢¢ognised at histori¢al cost or transa¢tion value unless otherwlse ststed in the relevant accounting policy notes, Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going ¢on¢em nor any signifi¢ant areas of un¢ertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow ststement in these financial gtatements. Income endowments All income is recognised once the charity has entitlement to th¢ inwme. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 14
Folkestolle Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Donations and legacie Donations are reeognised when the charity has been notified in WTiting of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfom]ance by the charity before the charity is entitled to the funds, the income is defe¢d and not recognised until either those conditions are fully et, or the fulfilm¢nt of those conditions is wholly wilhin the control of the charity and it is probable that these ¢onditions will be fulfilled in the reporting period. Grnnts receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perfonnan¢e conditions are attached to the grdnt and are yet to be met, the income is recognised as a liability and included on the balance shect as deferred income to be rele3scd. Incoming resources from t reclaims ar¢ included in the Statement of Financial Activities at the same time a5 the gift to which they relate. Inveslmenl Income Investment income is re¢ognised on a receivable basis. Expenditure All expenditure is recognised once there is a legal or constnjctive obligation to that expenditure. it is probable settlement is required and the amount Can be measured reliably. All Costs are allocated to ihe applicable expenditure heading that aggregate similar costs to that ¢ategory. Where ¢osts cannot be directly attributed to particular headings they have been allocated on a basis Consistent with the use of resources, with central staff ¢05ts allocated on the basis of time spent, and depre¢iation charges allo¢ated on the portion of ihe asset's use. Other support costs are allocated based on the spread of staff costs. Chorilable aclivilies Charitable expendire comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to su¢h activities and ihose costs of an indirect nature necessary to support thern. Support Costs Support costs include ¢entral fvnctions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas. or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributsble to the charity's compliance with constitutional and statutory r¢quirements, includlng audit, strategic management and trustees. meelings and reimbursed expenses. T4xation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable ¢ompany for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in Tespect of income or capital gains received within ¢ategories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Ad 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 15
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Tangibl¢ fii¢d assets Indivtdual red assets costing £50.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impainnent losses. Depreciation and 4mortis4tion Depreciation is provided on tangible fixed assets so as to write off the cost or valuatton, less any estimated residual value, over their expected usefijl economic life as follows: Asset tl4ss Land and buildings Furniture and equipment Motor vehicles Computer equipment Depre¢i4tion method nd rte Straight line over the period of the Ie. 25010 on reducing balance. 250/0 on reducing balance. 3 years straight line Business combinations The company and its subsidiary are a small group and as a result do not have to prepare consolidated accounts. Fixed asset investments Fixed asset inveslments, other than programme relat investments, are included at market value at the balance heet date. Rr41is¢d gains and losses on inv¢sthients are ¢al¢ulat¢d as the differ¢n¢e between sales Pr¢¢5 and their market value at the start of the year, or their subsequent ¢osL and are Charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or Charged to the Statement of Financial Activities based on the market value at the year end. Trade debtors TTade debtors are amounls due from customers for services perfornied in th¢ ordinary cours¢ of business. Trade debtors are re¢ognised initially at the transa¢tion price. They are subsequently measured at amortised Cost using the effective interest metbod, less provision for impairnient. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all arnounts due according to the original temis of the ceIvables. C*sh and egsh equlvglents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known aniount of cash and are subject to an insignificant risk of change in value. Page 16
Folkestone Rainboiv Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Trade creditors Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary COUTse of business from supplicrs. Accounts payable are classified as cuent liabilities if the charily does not have an unconditional rigjit. at the end of the reporting period, to d¢fer settlement of the creditor for al least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as nonwcurrent liabilitie5. Trade creditors are recognised initially at the transaction price and subsequently measured at amort15ed 81 using the effective int¢rest method. Fund strueture Unrestricted inwTne ndS are generai funds that are available for use at the trustees, dis¢r¢tion in furtherance of the objectives of the charity. Designated funds are unrestricted funds Set aside for specific purposes at the discretion of the tsvstees. Restrlcted income fvnds are those donated for use in a particular area or for specific PUTposes, Èhe use of which is restricted to that area or PUTPOSe. Financial instruments Recognition andmeasuremenl The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instnjments. Basic financial instruments are initially recogni5ed at transaction value and subsequently measured at theiT settlement value with the exception of bank loans which are subsequently measured at aTnortised cost using the ¢ff¢ctive interest method. Inveslmenl.w Investments in subsidiaries and associates are measured at Gost less impairnient. For invesknent5 in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief. ¢ost is mea5UTed by reference to the nominal valu¢ of the shares issued plus fair value of other consideration. Any premiurn is ignored. 3 Incom¢ from donatSons And leg4ties UnrestTl¢ted funds Total 21124 Total 2023 Restrl¢ted Donations and legacies- Appeals and donations Gift aid tax reclaimed Winter Shelter donations Grnnts, including capitsl grants- Grants receivable Other income 155,016 4,976 34,333 2.671 10,074 189.349 7,647 10,074 136.341 5,985 9,408 75,291 6.834 75,291 6,834 2,956 7,313 162,003 242,117 47.078 289,195 Page 17
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 4 Incom¢ from Choritable 2¢tivili Tot41 2024 Total 2023 Restri¢ted Foodstop The Panty Folkestone Churches Winter Shelier Food Bank Money Matters 5,456 26,313 90.863 34,976 36,737 5.456 26,313 90.S63 34.976 36.737 6.382 14,880 142,358 95.134 5,000 194.345 194.345 263,754 5 Income from other trading activities Unrestrieted funds Total 2024 Tot21 2023 Events income. Fundraising ev¢nts 10,574 10.574 10.574 26,894 26,894 10.574 6 Investmenl ineome Unrestricted funds Totsl 2024 Total 2023 Interest receivable and similar Ancom¢- Interest receivable on bank deposits Income from rent5 24,150 33,302 24,150 33,302 17.288 37,758 57.452 57.452 55,046 7 Other income Unrestrieted funds Tot*l 2024 Total 2023 Income from knding subsidiary 9,000 9,000 23.000 Page 18
Folkestone Rainbow Centre Notes to the Finaneial Staten)ents for the Year Ended 31 Deeember 2024 8 Expenditure on eharitable activities Unrestricted funds Tot#1 2024 Total 2023 Restri¢t¢d Note General Foodstop Folkestone Churche5 Winter Shelter Homeless Support SerYi¢e Contsct Food Bank Money Matters Allocated support sts Govemance wsts 1.740 1,740 3.279 809 4.790 3,279 95,324 95.324 103,853 135,751 2,771 135,751 2,771 73,703 46,634 131.116 2.594 68.871 42.819 73,703 46,634 137,130 5,317 25.988 3,520 248,448 163,118 8,837 145.699 7,836 282,709 531,157 508,387 Page 19
Folkestone Rainbow Centre Iyotes to the Financial Statements for the Year Ended 31 December 2024 9 Analysis of governance and support costs Support wJst$ alloeattd ts charit#ble aetivities Other support costs Total 2024 Total 2023 Foodstop Folkestone Chur¢h¢s Winter Shelter Contset Food Bank Fixed assets fund Money Matters Wages Staff NIC Staff pensions Re¢ruitm¢nt and employment costs Rates Light and heat Insurance Repairs Telephone Computer expenses Printing, postage and stationery Sundry expenses Cleaning Travelling Legal and professional fees Bank charges Depreciation Bad debts 1.500 1,500 (877) 1,650 19,464 3.090 1,932 64,144 2,567 1,920 2,057 2,953 7.439 7,074 2,559 (721) 6,210 880 1,108 6,852 59 20,669 79 9.611 20 ,650 19,464 3.090 1,932 64.144 2,567 1,920 2,057 2.953 7,439 7,074 2,559 (721) 6,210 880 1,108 6,852 59 20,669 79 9.611 20 .500 19.900 3.090 1,932 60.267 2.392 2.263 119 1.018 4,241 6,504 {631) 363 6,243 1.948 1,313 11.850 13,600 64 8.598 163,118 163.118 145,699 Page 20
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 Governance costs Unre%tritted funds Total 2024 Totxl 2023 Restricted Independent examiner fees Examination of Ihe financial statements Other governance cost5 2,220 3,097 2220 6,617 2,220 5,616 3,520 5.317 3.520 8.837 7,836 10 Net in¢ominglouÉgoing rOurceS Net incoming resources for the year include.. 2024 2023 Profit on disposal of tangible fixed assets Depreciation of fixed assets (2.877) 28,lJO 25,447 I l Trustees reniuneration and expenses No trustees have received any remuneration from the charity during the year. No trus¢ees have r¢¢¢ived any reimbursed expenses or any other benefit5 from the charity during the year. 12 StAff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wagcs and salaries Social security Costs Pension costs 226,347 12,256 5.298 220.052 11,995 5,409 243,901 237,456 Page 21
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows.. 2024 2023 Service delivery Support Winter Shelter Food Bank 14 14 The average number of employees during 2024 includes 5 fjjll time staff and the remainder is made up of part time staff. The average full time equivalent for the year was 9.49. No employee received emolurnents of moTe than £60,000 during the year. 13 Indèpendtnt examiner's remuneration 2024 2023 Examination of the financial statements 2,220 2,220 14 Taxition The wmpany is a registered charity and is exempt from corporation tax on its charitsbl¢ tiviti¢$. Page 22
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 IS Tangible fixed assels Land and buildings Furniture and equipment Computer equipment Motor vehieles Totgl Cost At l January 2024 Additions 374,604 58,092 80,730 19,223 2,520 532,649 6,164 At 31 December 2024 374.604 61.736 80,730 21,743 538,813 Depretiation At l January 2024 Charge for th¢ year 56.392 4,028 50.034 2,927 35,755 11.244 12,514 7,248 154,695 25,447 Al 31 December 2024 60,420 52,961 46,999 19,762 180,142 Net book value At 31 Dccember 2024 314,184 8.775 33.731 1,981 358,671 At 31 December 2023 318,212 8,058 44,975 6,709 377.954 Included within the n¢t book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings and £314,184 (2023 - £318,212) in respect of leaseholds. Page 23
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 16 Fixed asset investments 2024 2023 Shares in group undertakings and participating interests Share5 in group undertakings nd partieipating inler¢sts Subsidiary undertxkings Tot41 Cost At l January 2024 At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 Detxils ofundertakings Details of the investments in which the charity holds 20 /0 or more of the nominal value of any Clas5 of shar¢ capital are as follows: Country of incorporation Proportion of voting rights PrineipAI nd shares held activity Undertaking Holding 2024 2023 Sub$idi4ry undertskings FRC Commercial Enterprises Ltd England and Wales Ordinary IOOO/o iooo/ Charity shop Subsidiries The loss for the flnancial period of FRC Commercial Enterprises Ltd was £461 (2023 - £5,012) and the aggregate amount of capital and reserves al the end of the period was £6,589 (2023 - £7,050). Page 24
Folkestone Rainbow Centre Notes to the Financial Staten)ents for the Year Ended 31 December 2024 17 Debtors 2024 2023 Trade debtors Prepayments Other debtOTS 2,750 5.953 2.879 9,220 7,984 1,338 11,582 18,542 18 Cash and Cash equivalents 2024 2023 Cash on hand Cash at bank 1,268 1,031,164 988 985.378 1,032,432 986,366 19 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other taxation and social security Other creditors Accruals 16,212 4,212 688 10,663 18,371 5.403 9.389 8,198 31,775 41,361 Page 25
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Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 December 2024 The specific purposes for which the funds are to be applied are as follows: The General fund is used for providing the Homeless Support SCl¢e and Contact as well as the administration of the charity. Foodstop, Folkestone ChuKhes Winter Shelter and Food Bank. The designated fund is used for future property repairs and refurbishments or for fi]tU prop¢ty purchases. The Foodsiop fi]nd is used to deliver fresh sandwiches and soup to the hom¢le5s and hunw. Incom¢ is d¢rived from donations and grants. The Folk¢slone Churches Wtnter Shelter fund is used to support the homeless during the months of December to February. Income is derived from donations and grants. The Food Bank fiind is used for the provision of a food bank in the district. Income ig derived from donations and grants. The fixed asset fvnd includes a grdnt which was received for the purchase of computer equipment. The equipment is now fully depreciated and has been transferred to the generdl fund. The building fund includes a legacy which was received for fuhwe property purchases. The Money Matters fund is used to provide fjnancial advi¢¢ to Food Bank Clients. 21 Allalysis of net assets between funds Totsl funds at 31 Deeember 2024 Unre$tri¢tsd funds CenerAI Designated Restriettd funds Tangible fixed assets Fixed &sset investments Debtors Casb and short-terni deposits CUent liabilities 321,293 37,378 358,671 8,963 155.641 (17.628 2,619 776.791 (14.147) 11.582 1.032.432 (31.775) loo.000 Tolal net assets 468,270 loo.000 802,641 1,370.911 Page 28
Folkestone Rainbow Centre Notes to the Financial Statements for the Year Ended 31 De¢ember 2024 2023 Accounts Total funds at 31 December 2023 Unreslricted funds Gentral Deslgwated RestrA¢ted funds Tangible fixed assets Fixed asset investments D¢btors Cash and short-tenn deposits Current liabilities 326.069 51,886 377,955 16,391 161.176 {20.219) 2,151 725.190 {21.142) 18,542 986,366 (41,361) loo,000 Total net assets 483,418 loo,000 758.085 1,341,503 22 Related party transactions During the year the charity made the following related party transactions.. FRC Commercial Enterprises Ltd FRC Commercial Enterprises Ltd operates a second hand store with profits being donated to the Folkestonc Rainbow Ccntre. li has some dircctors who are also on the board of the charity. The charity owns 100% of the share capital of FRC Commercial Enterprises Ltd and as such it has been identified as a related paty. During the financial year under review the charity received £9,000 (2023 - £23.000} of donations from FRC Commercial Enterprises Ltd. At the balance sheet dale the amount due tolfrom FRC Commercial Entejprises Lid was £Nil (2023 - £Nil). Page 29