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(A￿j
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
Un￿StrICted
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
lIa￿lItY 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
O6￿un-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