2022-08-31-accounts - Rainbow Hub NW Ltd

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Report of the Trustees and F" Statements ancial for the Year Ended 31 August 2022 for Rainbow Hub NW Limited cmillan & Co LLP Chartered A¢oountsnts and Slaiutory Auditor 28 Eatoi) AvènuÈ. Matrix offi Pavk. Bucksh3wVillaoe. Chorley. Lancashire.PR7 7NA RAINBOW HUB Isa lffe c

Report from the Chair ofthe Board ofTrustees
Report ofthe Trustees	4-15
Report ofthe Independent Auditors	16-1g
Statement of Financial Activities	20
Balance Sheet	21
Cash Flow Statement	22
Notes tothe Cash Flow Statement	23
Notes to the Financial Statements	24-36

							2022	2021
				Unrestricted		Restncted	Total	Total
				Notes	fund	fund	funds 8	fundsf
	Donations			2	217.251	63,4?7	280,678	578,563
	Charitable	activities
	Charitable	activities			96,914		96,914
L
	Events				151944		151944	84217
	investment income Otherincome			1W	700		700	18,479
	Raising funds				157,648		157,648	123392
	Charitable	activities
	Charitable	activities			281,283	134,410	415,693	259 632
	Depreciation				33,677		33,677	34840
	Other				12,940		12,940	16,246
	Net income/(expenditure)				(18,73g)	(70,983)	(89,722)	247226
	Total. funds	brought	forward		1176,og1	99,978	1,276,069	1,028,843

						2022		2021
			Unrestricted	Restricted		Total		Total
	Notes		fund f	fund		fundsf		funds f
Tangible assets			t 154,246			1,154,246		1,171,021
Debtors	14		53.023			53,023		16,463
Cash at bank and in hand			401,897	28,995		430,892		586,168
Amounts falling due within one year	15	~	(110,821)			(110,821)	]	(1',282)
Total Assets less
Current Liabilities			1,498,345	28,995		1,527,340		1,651,360
					~
Amounts falling due
after more than one year	16		(340,993)			(34or993)		(376291)
Unrestricted funds						2257352		1,176,091
Restricted funds						28,995		99,978

Cash generated from	operations	operations					(89,562)		313,559
Interest paid							(sz,ao4)		(12,73g)
Purchase oftangible	fixed assets						( assn		ss359J
Interest received							700		77,
Mortgage repayments	in	year					(37,298)		(36,g52)
Change in cash and cash		equivalents	in	the reporting	period		(155,266)		258,586
								~
Cash and cash equivalents		atthe beginning		ofthe reporting		period	686,168		327572

	ReconciUation ofnet (expenditure)/income tonet cash flow f)tom operating activities	ReconciUation ofnet (expenditure)/income tonet cash flow f)tom operating activities	ReconciUation ofnet (expenditure)/income tonet cash flow f)tom operating activities			2022f		ZOZ1f
	Net (expenditure)/income	for the reporting	period (as per
	the Statement of Financial	Activities&				(89,722)		Z47226
	Purchase oftangible fixed	assets				33,677		34,84o
	Interest received					(7oo)		(77)
	Purchase oftangible fixed	assets				12,204		1Z,739
	Interest received					(36,66o)		&8,878
	Interest received					(8,461)		(47)
z.	Analysis ofchanges	in net funds		At 1/9/21	'	Cash flow		At 31/8/22
				E		E	~	E
					—I
	Cash at bank and in hand			586,158		(155,266)		430,892
	~ ~
	Debts falling due within 1year			(4o,ooo)		3 ooo		(37,000)
	Debts falling due after 1year			(375,2g1)		34,298		(340,993)

Donations				2022 5	20215
Donations and gifts				193,800	z6z,33g
Trusts and grants				86,878	316,zz4
Steve Morgan Foundation				21,314	53,004
General				8,764	3,g16
Donation fcr Early Years	Provision				70,000
UK Heart Foundation				3,ooo	5,000
The Garfield Western Foundation					50,000
HSBC - Active Movement Room					613
Proven Trust				300
The National Lottery Community			Fund	10,000
Clear Marketing					1,042
The Casey Trust					1,500
Souter Charitable Trust Donation
The Barbara Ward Foundation					6,000
Laing Investment Management					10,000
The Halsall Foundation				15,000	15,000
The Holroyd Foundation				18,000	18,000
Peter Lathom Charity					750
The Grace Trust					1,000
The Mark Benevolent Fund					2,000
Harold &Alice Bridges Charitable			Trust		1,000
The Postcode Lottery					20,000
Red rose charitable trust				1,000	1,000
The Alchemy Foundation					500
The Rank foundation					25,000
The Hobson Charity					995
D'Oyly Carte Charitable	Trust			3,000	3,000
The Anton Jurgen Trust					4,000
St James's Place Charitable		Foundation			2,500
B&QDonation For Outdoor Sensory Garden					5.000
Skelton Charitable Trust				1,500
Hemby Charitable Trust				2,000
Cadent Foundation				3,000

3. Events			zozz E	zoz1 2
AnnualBalis			117,848	68,430
Ramble			15,703	g,g83
Workoutathon			2,801	1834
Others			15592	3,970
4. Investment income			2022 E	2021E
~ - ~ ~
6. Income	from charitable activities		zozz E	2021j
Nursery fees			so,8z8
Registration	fees		zz,678
Fun clubs			23,408
6. Raising funds			zozz E	ZOZ1f
Staffcosts			98,270	88224
Advertising	and promotion		1,o81	5,564
Fundraising	events		39193	1z,866
Support costs			19,104	16,838
7. Charitable activities costs		Direct	Supportcosts
		Costs	(see note 8)	Totals
		E	fl	E
Charitable	activities	361,o13	54,680	415,693
Depreciation		33677		33,677

8. Support costs				Governance
		Management	Other	costs	Totals
		E	E	E
Raising donations and	legacies	12,234	s,o66	1,805	19,104
Other resources expended		12,940			12,940
Charitable activities		24,641	17733	12,3o6	64,68o
g. Net incotne/(expenditure) Net income/(expenditure) is stated after charging/(crediting):				2022	2021f
Auditors' remuneration				1,250	1,200
~ - ~ - ~

event ofthe Charity being 11.Staffcosts	wound up. the Ua	bility in respect ofthe guarantee is limited	to E1per director ofth	e cha	rity.
			2022		2021
			E		E
Wages and salaries			391,682	I	Z72,770
Social security costs			26,823		11165
Other pension costs			7,149
The average monthly number ofemployees		during the year was as follows:	2022		20Z1
Generating voluntary	income
Charitable activities			16		10
Support

xz.Comparatives forthe statement offinanciaL activities	xz.Comparatives forthe statement offinanciaL activities	xz.Comparatives forthe statement offinanciaL activities	Unrestncted fund		Restricted fund	Total fund
			E
Donations			377,089	'	201474	578,563
Events			84,217			84,217
investment	income		77			77
			18,479			18,479
			~
			~
Raising funds			123,392			123,392
Charitable	activities		152,536		107,096	259,632
Depreciation			34,840			34,840
Other			16,246			16,246
Total funds	brought	forward	1,023,243		5,600	1,o28,843

.Tangible fixed assets
	Freehold	Fixtures
	property f	and fittings		Totals
At 1September zoz1	1,200,596	430,280		1,630,876
Additions		16,902		16,902
~ - ~ - ~ ~
At 1September 2021	177,470	282,385		459,855
			~
Charge foryear	1.6,o12	17,665	'	33,677

.Debtors. a	mounts faLLing due within one year
		2022	2021
		2	f
Trade debtors		23571	150
Prepayments	and accrued income	29452	16,313

z6.Creditors:
amounts	faKing due within one year	2022	202t
		37,000	40,000
Trade creditors		19,928	ag,26'
Social security and other taxes		8,782	5,391
Accruals and	deferred income	45,141	57530
16.Creditors:
Amounts	faKing due after more than one year	2022 E	2021

27.	Loans An analysis ofthe maturity ofloans is given below	2022 E	2021

28.Leasing agreements				2022	2021
Minimum lease payments under non-cancellable		operating leases fa(Ldue asfollows		E
Within one year				7039	6,336
Between one and five years				4795	7422
3,g.Secured debts				2022	2021
The foLLowing secured debts are included	within creditors:			5
The mortgage is secured by afixed charge over		the property ofthe Charity.
2o.Movement in funds				Net movement
		At	1/9/21	in funds	At 31/8/22
			E	E
General fund		1,176,091		(18,739)	1,157,352
Family Days				1,600	1,600
			3,213	(3,213)
The Outdoor Sensory Garden			8,ooo	(3,6os)	4395
Marketing Project			16,32o	(6,320)	10,000
Early years provision			68,445	r68,445)
Nursery wages			4,ooo	(4,ooo)
Hardship Fund				10,000	10,000
Communication equipment				3,000	3,000

2o.Movement in	funds - continued	funds - continued	funds - continued
Net movement in	funds, included	in	the above are as follows:	Incoming resources	Resources expended	Movement in funds
General fund				466,8og	(485,648),	(18,738)
Family Days				1,600		1,6oo
Support for Families in Merseyside			and Cheshire	23,614	(23,614)
Active Movement	Room				(3,213)	(3,213)
CESalary support				10,000	(10,000)
The Outdoor Sensory Garden				3,813	(7,418)	(3,6os)
Marketing Project				10,000	(16,32o)	(6,32o)
Early years provision					(68,445)	(68,445)
Nursery wages				1,400	(5,4oo)	(4,ooo)
Hardship Fund				10,000		10,000
Communication equipment				3,000		3,000

zo.Movement in	funds -	continued
				Net movement
Comparatives for movement		in funds	Att/9/20	in funds	At 31/6/at
			F	E	E
General fund			1,023,243	152,848	1,176,091
Active Movement	Room		2,600	613	3213
The Outdoor Sensory Garden			3,000	5,000	8,000
Marketing Project				16,320	16,320
Early years provision				68,445	68,445
Nursery wages				4,000	4,000

2o.Movement in funds - continued Comparative net movement in funds, included	2o.Movement in funds - continued Comparative net movement in funds, included	2o.Movement in funds - continued Comparative net movement in funds, included	Incoming resources	Resources expended		Movement in funds
above are as follows:			E	E
General fund			47g,862	(327,014)	I	152,848
Contribution towards iKan	Standing	Brace	1,995	(»995)
Support for Families in Merseyside		and Cheshire	53,004	(53,004)
Active Movement Room			613			613
CESalary support			20,000	(20,000)
The Outdoor Sensory Garden			5,000			5,000
Covid tg			25,000	(25,000)
Marketing Project			17,36z	(t,o4z)		16,3zo
Communication sessions			1,500	(1,500)
CESessions for 5children			3,000	(3,000)
Early years provision			70,000	(1,555)		68,445
Nursery wages			4,000			4,000