CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Rainbow Centre Sri Lanka On accounts for the year ended 31 March 2024 Charity no (if any) 1114933 Set out on pages I report to the trustees on my examination of the accounts of the above charity ( the Trust") for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not 8ppIy. Signed: Date: Name: O IL£L5 ¢J(Aj Relevant professional qualification(s) or body (if any).. IcActrJ Ac Address: Ll LO &4WJ &rtÈÉr QNf)ctsS IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER October 2018
Trustees. Annual Report for the period ,(OMMISSION Period start date Day Period end date Year From April 12023 . To 31 Reference and administration details March 2024 Section A Charity name The Rainbow Centre Sri Lanka Other names charity is known by Registered charlty number (if any) 1114933 Charity's principal address Spring Pond Midhurst West Sussex Postcode GU29 OQH Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustee name Office Ilf any) Name of person (or body) entitled toa oint trustee tfan Alison Nagle Alasdair Nagle Ajanta Hilton 10 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, {for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012
Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Type of governing document Islilulio I Trust Deed dated 21 May 2006 How the charity is constituted Trust Trustee selection methods {og. app(JinlciJ by. eleLled b Appointed by resolution of Trustees Addltlonal governance Issues (Optlonal information) There are three Trustees who meet regularly, including by telephone or video calls, to discuss the charity on an ad hoc, as needed basis. The Trustees make all decisions in relation to the charity. The charity does not have any employees or staff. You may choose to include additional information, where relevant, about: policies and procedures adopted for the induction and training of trustees; the charity's organisational structure and any wider network with which the charity works,, relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. The Trustees are provided with the guidance for trustees issued by the Charity Commission. The charity does not have any relationships with related parties or any other charities or organisations. Section C Ob ectives and activities The charity's overall objectives are: the relief of poverty, distress, sickness and suffering,. the provision of shelter, care, food, clothing and medical supplies and treatment,. the provision of and promotion of education and training to children and adults. primarily but not exclusively in Sri Lanka. Summary of the objects of the charity set out In its governing document TAR March 2012
The charity funds and will continue to fund the activities of the Rainbow Centre in Sri Lanka. The Rainbow Centre provides daily care, education. healthcare and food to up to approximately 200 children and their families from deprived backgrounds. During 2023124, the operations of the Rainbow Centre in Sri Lanka have expanded significantly as a result of the completed construction of additional classrooms and other facilities and the successful introduction and expansion of a Saturday school. As a result, the Rainbow Centre in Sri Lanka has increased its expenditure on welfare, food, healthcare, utilities and staff wages and salaries. Summary of the maln activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Additional details of objectives and activities (Optional informatlon) The charity is run by volunteers in the UK. including the Trustees. Volunteers assist with fundraising and administration in the UK and assist with the operations of the Rainbow Centre in Sri Lanka. During the year, following the end of covid-related travel restrictions, regular visits by the Trustees to the Rainbow Centre have resumed. You may choose to include further statements, where relevant, about: policy on grantmaking; policy programme related investment. contribution made by volunteers. TAR March 2012
Section D Achievements and performance The charity represents the principal source of funding of the Rainbow Centre in Sri Lanka and the operations of the Rainbow Centre would cease without this funding. Summary of the main achievements of the charity during the year The Rainbow Centre in Sri Lanka is a unique and much praised provider of education. 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 2023124, the operations of the Rainbow Centre in Sri Lanka have expanded following the completion of a new classroom block and other facilities. The daily capacity of the Rainbow Centre in Sri Lanka has increased to the current level of 200 students and staffing levels have increased accordingly. During the year, the Rainbow Centre expanded its education and welfare activities to include a successful and well-attended Saturday school. The Rainbow Centre in Sri Lanka continues to make good progress expanding and improving its activities with the recruitment of additional teaching staff and the provision of more staff training. The Trustees believe that the charity has substantially achieved its objectives for the year. TAR March 2012
Section E Financial review Brief statement of the charity's policy on reserves The charity's policy is typically to hold between one and three years, operating expenditure in reserves. The current level of reserves is in excess of the policy amount. As at 31 March 2024, the charity had cash reserves of £840,618 (2023 - £968,858) in order to provide for the continued funding of the Rainbow Centre. Details of any funds materially in deficit NIA Further financial review details (Optional information) The principal investment policy of the 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 UK Bank plc, which is considered to have satisfactory social, environmental and ethical policies in place. You may choose to include additional information, where relevant about: the charity's principal sources of funds (including any fundraising); how expenditure has supported the key objectives of the charity: investment policy and objectives including any ethical investment policy adopted. During 2023124, the charity received a reduced amount of donations, following the loss of one significant financial donor. Expenditure on funding the activities of the Rainbow Centre increased in the year due to the purchase of replacement vehicles at the Centre, at a cost of approximately £65,000, and also increased costs following the expansion of the number of children and staff at the Centre. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Alasdair Gordon Nagle Position (eg Secretary, Chair, Trustee etc) Date 6 June 2024 TAR March 2012
CHARITY COMMISSION FOR ENGLAND AND WALES The Rainbow Centre Sri Lanka 1114933 Receipts and payments accounts CC16a For the perlod from To 01-A r-23 314Aar-24 Section A Receipts and payments Unrestricted funds Endowment funds to the nearest £ Restrlcted f unds Total funds Last year to tho nearest to thB nea1è5t £ to the ngarest £ to thg noare8t £ A1 Recei ts tknnalions Iniertsl inco 46,709 32.983 46.709 32.9B3 86.265 12,371 Sub total (Gross income forAR) 79,692 79,692 B.636 A2 Asset and Investment sales, see table Sub total Total receipts 79.692 79.692 98,636 A3 Pa ments fonalions lo R£lnbow Contrè Fees an¢J expenses 180,989 180 9B9 98.440 4.608 Sub total 207,932 207.932 103,048 A4 Asset and Investment purchases. (see table) Sub total Total payments 207,932 207,932 103,048 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 128,240 128,240 4.412 968,858 968.858 840,618 973,270 968,858 840.618 CCXX R1 accounls ISSI 0510612024
Section B Statement of assets and liabilities at the end of the period UnStrICted Restricted f unds funds to nearost £ Endowment funds Categorles Details to nearèst £ to nèarest £ B1 Cash funds Cash at bank 115.618 Nksney market deposits 725,000 Total cash funds 840,618 Unrestrlcted funds to noarest £ Restrlcted funds Endowment funds to r¢arest £ Details to nearèst £ B2 Other monetary assets Fund to whl¢h as••t bolcffi95 Curronl value loptlonall Detalls ¢t loptlono11 B3 Investment assets Fund to whl¢h as8•t belws curront val It¥tlonall Detalls CoDt loO1<)n•ll B4 Assets retained for the chartty's own use FurKI to wl4ch lIalItY rolot¢s Amount due lopil¢nall When duo loptlonall Details B5 Ltabilities Signed by one or two Injslees on beh811 of 811 the Iruslees Signature Print Name Dale of approval Alasdair Gordon Na le O6un-24 CCXX R2 accounts ISSI 0510612024
RAINBOW CENTRE SRI LANKA ACCOUNTS YEAR ENDED 31 MARCH 2024 2023 2024 BALANCE SHEET Cash at bank Current account Savings account Money market deposit Sub-total 427.08 207.46 37,940.45 115,410.75 930.490.65 725,000.00 968,858.18 840,618.21 Surplus b/f Su rpluslldeficitl for year Surplus clf 973,270.30 968,858.18 4,412.12 -128,239.97 968,858.18 840,618.21 INCOME & EXPENDITURE Donations received Interest income Sub-total 86,265.26 12,370.70 98,635.96 46,708.67 32,982.65 79,691.32 Donations to Rainbow Centre Fees and expenses Sub-total 98,440.36 180,988.74 4,607.72 26,942.55 103,048.08 207,931.29 Su lusl deficit for ear 4,412.12 -128.239.97