REGISTERED COMPANY NUMBER: 06580163 (England and Wales)
REGISTERED CHARITY NUMBER.. 1126581
Trustees, Report and
Financial Statements for the Year Ended 31 May 2024
for
The Rainbow Centre (Marham)
Stephenson Smart (East Anglial Limited
Chartered accountants & statutory auditor
22-26 King street
King's Lynn
Norfolk
PE30 IHJ

The Rainbow Centre (Marham)
Contents of the Financial Statements
for the Year Ended 31 May 2024
Page
Trustees, Report
Report of the Independent Auditors
Statement of Financial Activities
io
Balance Sheet
li
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Financial Statements
14 to 20
Detailed Statement of Flnanclal Actlvities
21 to 22

The Rainbow Centre (Marham)
Trustees. Report
for the Year Ended 31 May 2024
The trustees who are also directors of the charity for the purposes of the Cornpanie5 Act 2006, present their report
with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions
of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffective l January 20191.
Objectives and activities
Objectives and aims
The Charity's Objects, as set out in the Constitution are to enhance the care, development and education of children
primarily under statutory school age, but also in Breakfast and After School Clubs by encouraging parents to
understand and provide for the needs of their children through community groups and by..
Offering appropriate play facilities and training courses together with the right of parents to take responsibility for
and become involved in the activities of such groups, ensuring that such groups offer opportunities for all children,
whatever their race, culture, religion, means or ability.
Encouraging the study of the needs of such children and their families and promoting public interest in and
recognition of such needs in the local area.
Providing a safe and secure environment, where parents are happy in the knowled8e that their children receive
quality care.
Advancing the education of children by offering a supportive, challenging and encouraging environment, where
children can relax, have fun and be with friends.
Providing a reliable and consistent service.
Worki ng within a frarnework that ensures equality of opportunity for all children and families.
I nstigating and adhering to and furthering the aims of the Pre-school Learning Alliance.
Within these Objects, the Centre's aim is to provide the highest quality learnin8 and care in a loving, nurturing, safe
environrnent that is vibrant, purposeful, challenging and supportive to enable children to fulfil their potential and
stand the best chance of developing into confident and successful learners.
Publlc benefit
The Trustees have a duty to report on public benefit by explaining the significant activities undertaken in order to
carry out our aims for the public benefit and our achievements measured against those aims.
We confirm that we have had regard to the Charity Commission's guidance on public benefit in reporting on the
Charity's activities and achievements.

The Rainbow Centre (Marham)
Trustees, Report
for the Year Ended 31 May 2024
Achievement and performance
Charitable activities
Operational performance of the centre
This year has seen the Centre contin ue to provide an excellent service.
Continuous improvements have been made through evaluation and reflection of our practice as we strive to raise
Standards and improve the children's lives. Th is is reflected in the results of the most recent OFSTED inspection held in
May 2019, where for the third time an outstanding grade was achieved overall. An inspection by Norfolk County
Council in October 2010 also graded the Centre as outstanding.
With ongoing training at the top of our agenda, we continue to celebrate many staff gaining their National Vocational
Qualification INVQI at levels 2, 3, 4 and 5. One member of staff has also achieved level 6. The Centre Manager is a
graduate of the Early Years Professional Status IEYPSI qualification.
The Charity continually seeks to develop and improve the Centre, to enable the provision of childcare of the highest
quality. In order to set firm foundations upon which children can build, the Charity aims to maximise the opportunities
offered to children, and to give them memorable and long-lasting experiences.
To add to the developments of previous period5, the Charity has further enhanced the Centre's facilities
by:
• Refreshing and renewing the resources available to assist children with learning through play, notably with new mud
kitchens in the outside area.
These developments, both in and outdoors. will enable child-focused activitie5 to continue promoting holistic
development and learning through the gvidelines of the statutory Early Years Foundation Stage Document. Past
developments have proven to be very successful and an enhancement to the Centre'5 environment. It promulgates
the ethos of the Centre, which is that the child is at the centre of the curriculum.
Investment performance
The funds held by the Centre are banked through the Service Institute Fund ISIFI . Interest is not currently being paid
on this account. With interest rates now increasing the Trustees are considering alternative investments that rnay
increase interest receivable.
The trustees, having in mind the liquidity requirements of operatin8 the Centre, have maintained a policy of keeping
funds in a current account that is easily accessible.
Financial review
Principal funding sources
The results for the year and the charity's financial position at the year end are shown in the attached financial
statements. The charity has continued to raise the majority of its funds throLJgh fees paid by parents and grants
received. The trustees consider the results for the year to be be satisfactory.
Donated services and facilities
The Rainbow Centre occupies a build ing owned by The Defence Inf rastructure Organisation. Rent payments for use of
the building began on the 1st October 2016 at a reduced rate, the reduction from the market value of rent is treated
as donated income. The Defence Infrastructure Orgasnisation also pays for the lighting and heating of the Centre. The
value of these donated amounts is included in the Statement of Financial Activities and detailed in note 2 to the
financial statements.
The Trustees give of their time freelv.

The Rainbow Centre Imarham)
Trustees, Report
for the Year Ended 31 May 2024
Financial review
Reserves policy
The charity seeks to maintain a level of reserves to meet its needs for the foreseeable future whilst enabling it to meet
the needs of the children using the service, the Trustee5 also always try to maintain reserves high enough to cover
minimu m statutory redundancy payments currently circa £257,000 should the centre ever have to close. Reserves are
funds which are unrestricted and undesignated and which are not represented by tangible fixed assets held for
charitable use. At the year end the charity held reserves totalling £381,917. The trustees designate funds from time to
time to enable the costs of larger projects to be met.
Future plans
Key objectives are,. to continue to provide outstanding care.
The centre a150 wishes to retain their core of highly trained staff.
The Centre will continue to encourage and support staff training, with a focus on increasing knowledge of child
protection, first aid and outdoor learning. Staff wishing to gain their NVQ in child care will also be supported, with the
Centre contributing up to 50% depending on the course. towards the costs of working towards levels 2 and 3.
The Centre also intends to continue to encourage and bu ild community relationships with the families
who use the Centre.
Appropriate staffing leve15 are to be maintained to allow the centre to provide childcare to those eligible for the
additiona1 Government funded hour5 being offered to 2 year olds from April 2024.
Structure, governance and management
Governing document
The Rainbow Centre Imarhaml is a company limited by guarantee, governed by its Memorandum & Articles of
Association dated 29 April 2008. It is a registered charity, established on 29 April 2008, at which point it took over the
operation of the Service of its predecessor charity. Anybody can apply to become a member of the company. The
liability of each member is limited to £1 in the event of the company having to be wound up.
Recruitment and appointment of new trustees
Trustees are elected at the Annual General Meeting. One third of the trustees must retire in rotation at each Annual
General Meeting, but may be re-appointed at the same rneeting. No trustee of the air-force rank of Squadron Leader
or above shall be entitled to retire unless a new trustee of the saTne rank or above is first appointed.
The trustees may at any time co-opt any person suitably qualified to be appointed as a trustee to fill a casual vacancy
or as an additional trustee. Co-opted trustees retain their office until the next Annual General Meeting, but are then
eligible for re-election.
Trustees, vacancies are advertised locally as they arise. New trustees receive an ind uction into the workings of the
Centre and are provided with Terrns of Reference relevant to their position. All trustees are required to have
Disclosure and Barring checks.
The cost of Trustee's Indemnity I nsu rance for the period was included within the charity's annual insurance policy and
as such cannot be separately determined.
Organisational structure
The trustees are responsible for the overall management and control of the Centre and aim to meet at least every four
months. The day to day running of the Centre is delegated to the Centre Manager, Mrs D Gent.

The Rainbow Centre {Marharn}
Trustees, Report
for the Year Ended 31 May 2024
Structure, governance and management
Key management remuneration
Key management personnel include all persons that have authority and responsibility for planning, directing and
controlling the activities of the charity. The total compensation paid to key management personnel for services
provided to the charity was £66,12812023'.£60,2411.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error. Detailed considerations of risk are
delegated to the Centre Manager who identifies and assesses risk and establishes the necessary controls.
The key controls used by the Charity include..
Setting formal agendas for all Committee and Board Meetings.
Providing detailed Terms of Reference for all Committee Members.
• Ma intaining a comprehensive strategic plan, budgets and management account5.
Establishing an organisational structure with line management.
Maintaining written policies.
Providing clear authorisation with approval levels.
Vetting procedures for the protection of the vulnerable.
The trustees are satisfied that the rnajor risks have been adequately mitigated where necessary. It is recognised that
systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
Reference and administrative details
Registered Company number
065801631 England and Wales)
Registered Charity number
1126581
Registered office
Elm Road
Upper Marham
King's Lynn
Norfolk
PE33 9NF

The Rainbow Centre {Marhaml
Trustees, Report
for the Year Ended 31 May 2024
Trustees
Mrs D M Gent
Sqn Ldr B J Norton (resigned 7.9.20231
Sqn Ldr DA Smith
Mr GJ Walker
Mrs CM Wilson (resigned 15.8.20231
Sqn Ldr M R C A Hayward
Mrs R Portlock (resigned 15.8.20231
Lt O N Adams (appointed 7.7.20231 (resigned 6.1.20241
Sqn Ldr P A Grimes
Mrs E C Wallace lappointed 25.8.20231 Iresigned 13.6.20241
Mrs C P A Wigglesworth
Sqn Ldr P A Hitchen Chairman lappointed 18.6.20241
Mrs C M l Hall lappointed 13.6.20241
Wg Cdr A R Mclean (appointed 30.10.20231
Company Secretary
Mrs D M Gent
Auditors
Stephenson Smart (East Anglial Limited
Chartered accountants & statutory auditor
22-26 King Street
King'5 Lynn
Norfolk
PE30 IHJ
Bankers
SIF
RAF Marham
Ki ng's Lynn
Norfolk
PE33 9NF
Website https'.//www.marhamrainbowcentre.com/
Statement of trustees, responsibilities
The trustees (who are also the directors of The Rainbow Centre (Marhaml for the purposes of company lawl are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Ki ngdom Generally Accepted Accou nting Practice) including Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland
Company law req uire5 the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those financial
statements, the trustees are required to
select suitable accounting policies and then a pply them consistently;
observe the methods and principles in the Charity SORP,.
make judgements and estimates that are reasonable and prudent,.
prepare the financial statement5 ori the going concern basis unless it is inappropriate to pre5urne that the
charitable company will continue in business.

The Rainbow Centre (Marham)
Trustees, Report
for the Year Ended 31 May 2024
Statement of trustees, responsibilities - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial posltion of the charitable company and to enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company
and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
In so far a5 the trustees are aware..
there is no relevant audit information of which the charitable company's auditors are unaware,. and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit
information and to establish that the auditors are aware of that information.
Auditors
The auditors, Stephenson Smart (East Anglial Limited, will be proposed for re-appointment at the forthcoming Annual
General Meeting.
Approved by order of the board of trustees on 30, September 2024 and signed on its behalf by..
Sqn Ldr P A Hitchen Chairman
Mrs DM Gent- Trustee

Report of the Independent Auditors to the Members of
The Rainbow Centre Imarham)
Opinion
We have audited the financial statements of The Rainbow Centre Imarhaml (the 'charitable company'l for the year
ended 3 1 May 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Staternent
and notes to the f inancial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 May 2024 and of its incoming
resou rces and application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,
including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the U K and Republic of
Ireland,, and
have been prepared in accordance with the req uirements of the Companies Act 2006.
Basis for opinion
We conducted our avdit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical req uirement5 that are relevant to our audit of the financial statement5 in the UK, inclvding the FRC'S Ethical
Standard, and we have fu Ifilled our other ethical responsibilities in accordance with these reouirernents. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the f inancial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast signif icant doubt on the charitable company's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the re5ponsibilitie5 Of the trustees with respect to 80in8 concern are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in
the Annual Report, other than the f inancial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, Dur responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statement5 or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact. We have nothing
to report in this regard.

Report of the Independent Auditors to the Members of
The Rainbow Centre {Marham)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial statements are prepared
is consistent with the financial statements,. and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Tru5tees' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 req uires us to report to
you if, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the trustee5' Report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibi lities, the trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and u5inB the going concern
basis of accounting u nless the trustees either intend to liquidate the charitable company or to cease operations, or
have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to Issue a Report of the Independent Auditors that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misstatements can arise from
fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of user5 taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Irregularities, includin8 fraud, are instances of non-compliance with laws and regulation5. We design procedures inline
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. includ ing fraud.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
We identify and asses5 the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perforrn audit procedures responsive to those risks, includ ing obtaining audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/a uditorsresponsibilities. Th is description forms part of our Report of
the Independent Auditor5.

Report of the Independent Auditors to the Members of
The Rainbow Centre (Marham)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have formed.
Mr Christopher Goad BFP FCA (Senior Statutory Auditor)
for and on behalf of Stephenson Smart l East Anglial Limited
Chartered accou ntants & statutory auditor
22-26 King Street
King's Lynn
Norfolk
PE30 IHJ
30th September 2024

The Rainbow Centre (Marham)
Statement of Financial Activities
for the Year Ended 31 May 2024
31.5.24
Total
funds
31.5.23
Total
funds
Unrestricted
funds
Restrirted
fund
Notes
Income and endowments from
Donations and grants
494,893
494,893
472,416
Charitable activities
Provision of childcare services
1,107,639
1,107,639
1,026,502
Other trading activities
401
401
707
Total
1.602,933
1.602.933
1,499,625
Expenditure on
Raising funds
401
401
706
Charltable actlvltSes
Provision of childcare services
1,616,838
1,616,838
1,444,402
Total
1,617,239
1,617,239
1,445,108
NET INCOME/IEXPENDITURE)
114,3061
114,3061
54,517
Reconciliation of funds
Total fu nds brought forward
403,521
403,521
349,004
Total funds carried forward
389,215
389,215
403,521
The notes form part of these financial statements
10

The Rainbow Centre (Marham}
Balance Sheet
31 May 2024
31.5.24
Total
funds
31.5.23
Total
funds
Unrestricted
funds
Restricted
fund
Notes
Fixed assets
Tangible assets
li
7,298
7,298
4,839
Current assets
Debtors
Cash at bank
12
10,523
435,905
10,523
435,905
7,245
455,640
446,428
446,428
462,885
Creditors
Amounts fallirsg due within one year
13
164,5111
164.5111
164,2031
Net Current assets
381,917
381,917
398,682
Total a55ets less current liabilities
389,215
389,215
403,521
NET ASSETS
389,215
389,215
403,521
Funds
Unrestricted funds
15
389,215
403,521
Total funds
389,215
403,521
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30, September 2024
and were 518ned ors its behalf by:
Sqn Ldr Philip Hitchen Chairman
Mrs D M Gent - Trustee
The notes form part of these financial statements
11

The Rainbow Centre {Marham)
Cash Flow Statement
for the Year Ended 31 May 2024
31.5.24
31.5.23
Notes
Cash flows from operating activities
Cash generated f rom operations
115,1011
61,566
Net cash (used inllprovided by operating activities
115,1011
61,566
Cash flows from investing activities
Purchase of tangible fixed assets
14,6341
Net cash (used inl/provided by investing activities
14,6341
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
119,7351
61,566
455,640
394,074
Cash and cash equivalents at the end of
the reporting period
435,905
455,640
The notes form part of these financial statements
12

The Rainbow Centre (Marham)
Notes to the Cash Flow Statement
for the Year Ended 31 May 2024
Reconciliation of net {expenditure}/income to net cash flow from operating activities
31.5.24
31.5.23
Net (expenditure)/income for the reporting period {as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Increase in debtors
Increase in creditors
114,3061
54,517
2,175
13,2781
308
1,613
19471
6,383
Net cash {used Inllprovlded by operations
115,1011
61,566
Analysis of changes in net funds
At 1.6.23
Cash flow
At 31.5.24
Net cash
Cash at bank
455,640
119,7351
435,905
455,640
119,7351
435,905
Total
455,640
119,7351
43S,905
The notes form part of these financial statements
13

The Rainbow Centre Imarham)
Notes to the Financial Statements
for the Year Ended 31 May 2024
Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the U K and Republic of Ireland, and the
Companie5 Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statement5 are prepared in sterling, which is the f unctional currency of the entitv.
Figures are rounded to the nearest whole pound sterling.
The financial statements cover an individual entity
Income
All income is included In the statemÈnt of financial activities when entitlement has passed to the charity, it is
probable that the economic benefits associated with the transaction will flow to the charity and the amount
can be reliably measured. The following specific policies are applied to particular categories of income:
Fundraising income is credited to unrestricted funds in the period in which the fundraising event is held.
Income from grants is included in incoming resources on an accruals basis. Where the grant is for the general
purposes of the charity it is credited to unrestricted funds. Where the use of the 8rant has been specified by
the grantor, it is credited to restricted funds.
Expenditure
Resources expended are included in the Statement of Financial Activities on an accruals basis.
Irrecoverable VAT is included with the item of expense to which it relates.
The cost of generating funds includes all costs relating to fundraising events.
Resources expended on charitable activities include all costs relating to the provision of childcare services.
Governance costs comprise the costs of running the charity, including external audit, legal advice and the costs
of complying with constitutional and statutory requ irements.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Fixtures and fittings
25% p.a. reducing balance
Tangible fixed assets costing over £1,500 are capitalised unless it is felt that the cost has been covered bv
grants in that year or the costs are in respect of improvements to the outdoor area and therefore cannot be
removed from the property. Where assets are not capitalised, the resources expended are shown in the
Statement of Financial Activities in the same year as any related income.
Taxation
The charity is exempt from corporation tax on its charitable activities.
14

The Rainbow Centre {Marham)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
Accounting policies - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the tru5tee5.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund 15 included in the notes to the financial
statements.
Operatlng leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis
over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Activities in the period to
which they relate.
Donated goods
These are included in incoming resources (with an equivalent arnount in resources expended) where the
benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources
is the estimated value to the charity of the service or facility received.
Debtors
Debtors are measured at thei r recoverable amounts,. the amount the charity anticipates it will receive from a
debt or the amount it has paid in advance for goods or services.
Creditors
Cred itors are recognised for the amount that the charity anticipates it will pay to settle the debt or the amount
it has received as an advance payment for goods or services it must provide.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assu mptions that affect the amounts reported. These estimates and judgements are continually reviewed and
are based on experience and other factors, including expectation5 of future events that are believed to be
reasonable under the circumstances.
Government grants
Government grants are recognised using the accruals rnethod.
Going concern
There are no material uncerta intie5 about the charity's ability to continue.
15

The Rainbow Centre Imarham)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
Donations and grants
31.5.24
31.5.23
Donations
Grants
Donated services and facilities
57
432,787
62,049
409,849
62,567
494,893
472,416
Included within grants received £432,787 12023.. £409,849) is £432,787 12023.. £407,849) of unrestricted
income from Norfolk County Council for Childcare provision and £nil12023.' £2,300) of restricted income for
first aid training.
Other trading activities
31.5.24
31.5.23
Fundraising events
401
707
Income from charitable attivities
31.5.24
31.5.23
Activity
Provision of childcare services
Provision of childcare
1,107,639
1,026,S02
Ralsln8 funds
Other tradin8 activitie5
31.5.24
31.5.23
Purchases
401
706
Charitable activities costs
Support
costs {see
note 71
Direct
Costs
Totals
Provision of childcare services
1,612,198
4,640
1,616,838
16

The Rainbow Centre (Marham)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
Support costs
Governance
costs
Provision of childcare services
4.640
All support costs have been allocated to the sole charitable activity of the charity being the provision of
childcare services.
Net incorne/lexpenditurel
Net income/lexpenditurel is stated after charging/lcreditingl:
31.5.24
31.5.23
Auditors, remuneration
Depreciation - owned assets
Other operating leases
Operating leases- equ ipment
4,640
2,175
51,000
600
4,360
1,613
51,000
600
Trustees, remuneratlon and beneflts
Mrs D Gent, a trustee, received remuneration amounting to £66,128 12023 .' £60,241) in her role as Centre
Manager. Included within this figure was £15,96712023'. £14,522) in respect of pension contributions. The
level of remu neration was agreed on an arms-length basis, by the Board of Trustee5 Wlthout the involvement
of Mrs D Gent.
No other trustees or persons connected with trustee5 have received any remuneration during the year.
Tru5tee5' expense5
There were no trustees, expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
io.
Staff costs
31.5.24
31.5.23
Wages and salaries
Social security costs
Other pension costs
1,231, 108
103,329
47,839
1,099,925
83,007
41,930
1,382,276
1,224,862
17

The Rainbow Centre {Marham)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
io.
Staff costs- continued
The average monthly number of employees during the year was as follows-
31.5.24
31.5.23
Management staff
Administrative staff
Production staff
48
48
55
55
No staff members received emoluments lexcluding Employers Pension contributions) in excess of £60,000.
ii.
Tangible fixed assets
Flxtures
and
fittings
Cost
At l June 2023
Additions
21,162
4,634
At 31 May 2024
25,796
Depreciation
At l June 2023
Charge for year
16,323
2,175
At 31 May 2024
18,498
Net book value
At 31 May 2024
7,298
At 31 May 2023
4,839
12.
Debtors: arnount5 falling due within one year
31.5.24
31.5.23
Trade debtors
Prepayments and accrued income
5,807
4,716
2,737
4,508
10,523
7,245
18

The Rainbow Centre {Marham)
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
13.
Creditors: amounts falling due within one year
31.5.24
31.5.23
Trade creditors
Other creditors
Accruals and deferred income
7,899
40,530
16,082
6,854
42,193
15,156
64,511
64,203
Incl uded within Other creditors 15 £25,543,12023.. £16,8341 relating to deferred incorne in respect of
grants receivable for childcare to be provided after the period end.
14.
Leasing agreements
Minimu m lease payment5 under non-cancellable operating leases f311 due as follows..
31.5.24
31.5.23
Within one year
600
600
15.
Movement in funds
Net
movement
in funds
At 1.6.23
At 31.5.24
Unrestricted fund5
General fund
403,521
114,3061
389,215
TOTAL FUNDS
403,521
114,3061
389,215
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,602,933
11,617,239)
114,3061
TOTAL FUNDS
1,602,933
11,617,239)
114,3061
19

The Rainbow Centre {Marham}
Notes to the Financial Statements - continued
for the Year Ended 31 May 2024
15.
Movement in funds- continued
Comparatives for movement in funds
Net
movement
in funds
At 1.6.22
At 31.5.23
Unrestricted funds
General fund
349,004
54,517
403,521
TOTAL FUNDS
349,004
54,517
403,521
Comparative net movement i n funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,497,625
11,443, 1081
54,517
Restricted funds
First Aid Training
2,000
12,0001
TOTAL FUNDS
1,499,625
11,445,108)
54,517
Restricted expenditure of £nil12023.' £2,000) was for first aid refresher training.
16.
Related party disclosures
There were no related party transactions for the year ended 31 May 2024.
17.
Ultimate controlling party
The charity was controlled by the trustees throughout the current and previous period.
20

The Rainbow Centre {Marham)
Detailed Statement of Financial Activities
for the Year Ended 31 May 2024
31.5.24
31.5.23
Income and endowments
Donations and grants
Donations
Grants
Donated services and facilities
57
432,787
62,049
409,849
62,567
494.893
472,416
Other trading activitles
Fundraising events
401
707
Charitable activities
Provision of childcare
1,107,639
1,026,502
Total incomin8 resources
1,602,933
1,499,625
Expendlture
Other trading activities
Fundraising events
401
706
Charitable activities
Wages
Social security
Pensions
Operating leases- buildings
Insurance
Light and heat
Groceries and consumables
Repairs and maintenance
Legal and professional fees
Office costs
Equipment and improvements
Staff training
Staff welfare
Depreciation of tangible fixed assets
1,231,108
103,329
47,839
51,000
3,770
23,357
56,269
4,111
4,482
7,595
70,798
365
6,000
2,175
1,099,925
83,007
41,930
51,000
3,408
22,787
55,235
35,066
4,084
10,132
28,986
2,252
617
1,613
1,612,198
1,440,042
Support costs
Governance costs
Auditors, remuneration
4,640
4,360
This page does not form part of the statutory financial statements
21

The Rainbow Centre {Marham)
Detailed Statement of Financial Activities
for the Year Ended 31 May 2024
31.5.24
31.5.23
Total resources expended
1,617,239
1,445.108
Net lexpenditurel/income
114,3061
54,517
This page does not form part of the statutory financial statements
22