OpenCharities

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2022-03-31-accounts

Names and addresses ofadvisers
(Optional
information)
Names and addresses ofadvisers
(Optional
information)
T e ofadviser
Name
Address
Name ofchief executive or names ofsenior staff members
(Optional
information)
~
s
~ ~
Description ofthe charity's trusts
Type of governing
document
Trust Deed dated 21 May 2006
How the chadity is constituted
0, if us'. .a..Oclaitc;, ci.:a 'Ba'rI
Trust
Trustee selection methods Appointed
by resolution
ofTrustees
Additional
governance
issues (Optional
information)
You may choose to include
additional
information,
where
relevant,
about:
Until 31 March 2002, there were four Trustees who
including
by telephone
or video calls, to discuss the
as needed basis. The Trustees make all decisions
chadity.
The charity does not have any employees
meet regularly,
charity on an ad hoc,
in relation to the
or staff.
~ policies and procedures
adopted for the induction
and
The Trustees are provided
with the guidance
for trustees issued by the
training oftrustees; Charity Commission.
~ the charity's
organisational
structure
and any wider
network
with which the charity
The charity does not have any relationships
with related
other charities or organisations.
parties or any
works;
~ relationship
with any related
parties;
~ trustees'
consideration
of
major risks and the system
and procedures
to manage
them.
~ ~
The charity's
overall objectives are: the relief
of poverty, distress,
sickness and suffering;
the provision ofshelter, care, food, clothing and
Summary
ofthe objects ofthe
charity set out in its
governing
document
medical supplies
and treatment;
education
and training to children
in Sri Lanka.
the provision
and adults;
ofand promotion
of
primarily
but not exclusively
~ ~ e
~
~
~
Summary ofthe main
achievements
ofthe charity
during the year
The charity represents
the pdincipal
source offunding
ofthe Rainbow
Centre
in Sri Lanka and the operations
ofthe Rainbow Centre would
cease without
this funding.
The Rainbow Centre in Sri Lanka is a unique
and much praised
provider
ofeducation,
healthcare,
food and support to children
and their families
from deprived
backgrounds
in south-west
Sri Lanka. It is registered as
an
NGO in Sri Lanka.
During 2021/22, the operations
ofthe Rainbow Centre
in Sri Lanka have
been significantly
impacted
by government-required
lockdowns
in
response to the coronavirus.
During the periods when the Rainbow
Centre has not been permitted
to open, its staff have provided
regular
food packages and welfare to the Centre's
children
and their families.
In
response to the increased needs of local children
and families for the
services ofthe Rainbow Centre, the Trustees have funded a major
expansion
ofthe facilities ofthe Rainbow Centre including
the
construction
ofa new two-storey classroom
block and the provision
of
additional
sports and playground
facilities.
These additional
facilities
were completed
in 2021. In response to challenging
economic conditions
in Sri Lanka, the scope and activities ofthe Rainbow Centre's welfare
department
have been significantly
expanded.
The Rainbow Centre
in Sri Lanka continues to make good progress
expanding
and improving
its activities.
Under the guidance ofthe charity,
the Rainbow Centre
in Sri Lanka has established
good links with schools
in the UK, with benefits
including
the provision ofvolunteer
teachers and
educational
matedials
and additional
funding.
It is expected that these
visits will recommence
when permitted
by the coronavirus
epidemic.
The Trustees believe that, notwithstanding
the issues relating to the
coronavirus,
the charity has substantially
achieved
its objectives for the
year.
The charity's
policy is typically to hold between one and three years'
Brief statement ofthe operating
expenditure
in reserves.
The current
level ofreserves
is in
charity's
policy on
reserves excess ofthe policy amount.
As at 31 March 2022, the charity had cash reserves ofapproximately
E1.0 million (2021 - E1.0 million)
in order to provide for the continued
fundin
ofthe Rainbow Centre.
Details ofany funds materially
in deficit
Further financial
review details
(Optional
information)
You may choose to include
additional
information,
where
relevant about:
~
the charity's
principal
sources offunds (including
The principal
investment
policy ofthe charity is to minimise
the risk of
capital loss and its reserves are held in a savings account and
in longer-
term money market deposit accounts.
The funds are held with HSBC
Bank pic, which is considered
to have satisfactory
social, environmental
and ethical policies
in place.
any fundraising); During 2021/22, the charity's
fundraising
activities were somewhat
~
how expenditure
has curtailed
by the coronavirus.
However,
the level ofdonations
was
supported
the key objectives
satisfactory.
The fundraising
activities
will resume after the coronavirus
ofthe charity; issues have been resolved. Expenditure
on funding
the activities ofthe
~
investment
policy and
objectives
including
any
Rainbow Centre increased
in the year due to the expansion
programme
at the Centre.
ethical investment policy
adopted.
~
~ ~
~
~
~
~

Signature(s)
Full name(s) Alasdair Gordon Nagle
Position (eg Secretary, Chair, Trustee
etc)
14June 2022
O
EHAR)Ty COMMISSION
FOR ENGLAND
ANO WALES
O
EHAR)Ty COMMISSION
FOR ENGLAND
ANO WALES
O
EHAR)Ty COMMISSION
FOR ENGLAND
ANO WALES
O
EHAR)Ty COMMISSION
FOR ENGLAND
ANO WALES
O
EHAR)Ty COMMISSION
FOR ENGLAND
ANO WALES
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
The Rainbow Cense Sri Lenhe
1114933
Receipts and pa ymerts accourts
CC&ea
Forthe period
from
Ot* r-21 To 31-Mar-22
'
~ ~ . ~ ~
Ourn&rimed
funds
Restricted funds Endowment
funds
Total funds Last year
tothe nearest
5
to the nearest 5 tothe nearest 5 tc the nearest 5 to the nearest 5
A1 Recei ts
Dchstichs 76,351 76,351 66,614
Interest
income
355 3,746
Sub total(Grossincome forAff) 76,796 78,706 70,380
A2 Asset and investment sales
see table .
Sub total
Total receipts 76,706 ~ ~ Ts,796 70,360
A3 Pa ments
Dcneticns tc Rainbow Centre 13 245 132 245 124335
Fees ecd expenses 7 523 17695
Sub total 139,785 139,768 142,830
A4 Asset and investment
purchases, (see table)
Sub total
Total Payments 139,768 - - 139,788 142,030
Hat of re cei ptsf(payments) 63,062 63,062 - 71,670
A5 Transfem between funds
A6 Cash funds last year end 1,036,332 1,038,332 1,108,002
Cash funds this year end 973,270 073,270 1,036,332
~ ~ ~ ~ ~ ~ ~
Unrestricted Restricted funds Endowment
Categories Details funds funds
81 Cash funds Cash at bank tonearest 6 Io nearest 6 lc nearest 2
Money market depccltc 616,272
Total cash funds 673,270
(calve bric lccc wllb lbcoph cccpcpllwlh ccccov(c))
Unrestricted Restricted funds Endowment
funds funds
62 Other monetary assets Details tonearest 6 toreerect 6
Fund to which asset ~ Current
value
83Investment assets Details belongs l l (cpsoool)
coal)
Fund to wldch asset Current
value
84Assets retained for the Details belongs (cpa
charity's
own use
(optional)
Fund to which Aolcuot dce When duc
85Liabilities Details aablnly relates (cpli oocI )
Signed by one or twc trustees on
behalf of all the trustees Signature
~V,t f
Print Name
Alasdair Gordon
Na le Date ofapproval
14-Jun-22
CCXX R2 accounts (SS) 14/06/2022