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
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|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|
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||||||||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|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|
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||Cash at bank and in hand||||586,158||(155,266)||430,892|
||~
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||Debts falling due within
1year||||(4o,ooo)||3 ooo||(37,000)|
||Debts falling due after 1year||||(375,2g1)||34,298||(340,993)|
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|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||
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|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|
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|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|
|~ - ~ -
~||||||
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|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||||||
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|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|
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|.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|
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|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|
|---|---|---|---|
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|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|
##
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|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|
##
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|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|in the|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|
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