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2024-08-31-accounts

Report of the Trustees and Financial Statements for the Year Ended 31 August 2024 for Rainbow Hub NW Limited

McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue, Matrix Office Park, Buckshaw Village, Chorley, Lancashire,PR7 7NA

HUB Every day is a life changing day

Registered company number: 06725399 (england and wales) | Registered charity number: 1127498

Rainbow Hub NW Limited

Contents of the Financial Statements

for the year ended 31 August 2024

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||| |---|---| |Report from the Chairperson|3| |Report of the Trustees|4-20| |Report of the Independent Auditors|21-24| |Statement of Financial Activities|25| |Balance Sheet|26| |Cash Flow Statement|27| |Notes to the Cash Flow Statement|28| |Notes to the Financial Statements|29-41|

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2 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Rainbow Hub NW Limited

Report from the Chairperson for the year ended 31 August 2024

This has been an extraordinary year for Rainbow Hub, and I feel privileged to have been part of such an incredible journey, especially as Chair since 2020. The transformation of Rainbow Hub in creating Rainbow Hub School has been a monumental achievement, and I have seen firsthand the profound impact we are making in the lives of children and families.

We are immensely grateful to the Wain Foundation for their generous £5 million donation, which has been instrumental in the development of our school. This donation not only provides a vital therapeutic and academic environment for children with neurological conditions and brain injuries, but it also offers us the opportunity to secure Rainbow Hub’s future, ensuring sustainability and growth for years to come.

Of course, with the building work came its own set of challenges, and I would like to express my deepest thanks to all those who helped us navigate this period. A special thank you goes to Inspire Youth Zone for graciously accommodating our Conductive Education sessions in Chorley during the construction phase. My heartfelt thanks also go to our dedicated Trustees, whose guidance has been invaluable, and to our staff team for their unwavering loyalty and commitment throughout this time. Most importantly, I want to thank the children and families we support for their patience and understanding as we worked to create a better future for them.

we’ve received. That said, the decline in donations over recent years means we now need your help more than ever.

Rainbow Hub is a local charity doing incredible work, but we cannot do it alone. If you’re able, we would be so grateful for your continued support to help us provide life-changing services to the children and families who rely on us. Together, we can ensure that Rainbow Hub remains a place of hope and transformation for years to come.

With heartfelt thanks,

Bill Ainscough (Chairman)

While the opening of the new school is a significant milestone, it’s not the only one we’re celebrating. Over the past year, we’ve witnessed children take their first steps, say their first words, and celebrated moments of joy through events like our annual ball and the Rainbow Ramble. These are the moments that remind us why we do what we do.

None of this would have been possible without the generosity and support of our community. From monthly donors to those who attend our events, take on challenges like skydiving, or volunteer their time, every act of kindness makes a difference. We are truly grateful for the support

3 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Rainbow Hub NW Limited Report of the Trustees for the year ended 31 August 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 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 (FRS 102) (effective 1 January 2019).

The charitable company passed a special resolution on 21 August 2019 changing its name from The Legacy Rainbow House to Rainbow Hub NW Ltd. The Charity works to the shortened name of Rainbow Hub.

Rainbow Hub was established in direct response to the needs of parents of disabled children. The service has grown in both scope and scale offering an increasing range of services to increased numbers of children

and young people.

Rainbow Hub NW Limited is a Charitable Company Limited by Guarantee employing 25 staff (a mixture of full and part time staff) and supporting over 146 families.

4 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024 BR CAA VRS

Objectives and Activities Our purpose and aims

Conductive Education

Our Vision

A world in which children with disabilities are given every opportunity to achieve great things.

Our Conductive Education sessions are designed to help children and young people with movement disorders improve their control over their bodies. In addition to enhancing motor skills and physical function, Conductive Education also supports overall development, including social, emotional, and intellectual growth. The focus is on active learning, where everyday tasks are divided into manageable steps, empowering children to become more independent. Each week, children attend group sessions tailored to their age and abilities, ensuring they work towards similar goals in a supportive, structured environment.

Family Support

Our purpose

To support the whole family and enable children with neuro-disabilities to be as active, independent, and happy as possible and to reach their full potential.

Caring for a child with a disability impacts the entire family, and supporting both the child and their family is a key aspect of our work. We have a dedicated Parent Support Worker who provides both emotional and practical assistance. This support can range from offering a listening ear or helping with benefit forms, to assisting with Education and Health Care Plans, attending medical appointments, or joining school meetings. Additionally, we organise family-focused events throughout the year, such as trips to the zoo, the beach, and fun get-togethers at Rainbow Hub. These events provide families with the opportunity to connect, share experiences, and enjoy quality time together.

:

How we achieve this

Rainbow Hub is a bright and vibrant place filled with hope, positivity, and joy. We are deeply committed to supporting children and families, going above and beyond to provide a variety of services that focus on rehabilitation, education and fun. Our approach emphasises each child’s unique abilities, ensuring they have the opportunities they deserve to grow, learn and thrive.

5 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Objectives and Activities Our purpose and aims

Rainbow Hub School

Communication Support

Our service is designed to complement any NHS Speech and Language Development Plan or provide support where such a plan is not in place. We collaborate with parents and carers to identify and strengthen a child’s communication skills. Children may communicate through various methods, including spoken language, signing, body language, PECS, intensive interaction, and alternative or augmented communication. Sessions are offered in small groups or on a one-to-one basis, either in person or online. In these sessions, we also focus on improving comprehension, attention, concentration, and listening skills.

Holiday Clubs

For four weeks during the school holidays Rainbow Hub offers Short Breaks, commissioned by Lancashire County Council. During these sessions, children are with us from 10 am to 4 pm, enjoying a wide range of fun and engaging activities tailored to their needs. This gives parents and carers a much-needed opportunity for respite, allowing them to rest and recharge while knowing their child is in a safe, supportive environment. The sessions are not only a break for families but also a chance for children to have a great time, make new friends, and explore exciting activities in a caring and inclusive setting.

Holiday Clubs

For four weeks of the school holidays Rainbow Hub is a provider of Short Breaks, commissioned by Lancashire County Council. Children are with us from 10 am until 4 pm and during that time they have a lot of fun whilst their parents enjoy much needed respite.

Thanks to the generous support of the Wain Foundation, Rainbow Hub School provides an enriching, nurturing, and secure environment where children with neurological conditions and brain injuries can flourish. Each pupil receives a tailored curriculum that addresses their unique educational and healthcare needs. We encourage them to challenge both their minds and bodies, fostering growth and learning across all developmental areas. Our focus is on preparing students for life beyond Rainbow Hub School, helping them develop independence, resilience, and essential life skills.

Specialist Nursery

Many children with special educational needs and disabilities face barriers to accessing nursery care. Rainbow Hub Nursery, rated ‘good’ in all areas by Ofsted, is a specialised early childhood education service that provides children aged 2 to 5 the chance to grow, enjoy themselves, and form friendships with peers who face similar challenges. Children benefit from a range of therapeutic services and are supported by highly trained, compassionate staff experienced in working with children with physical and learning difficulties. With a high staff-to-child ratio, we offer a flexible, individualised approach to learning that is tailored to meet each child’s unique needs.

Public benefit statement

Rainbow Hub works for the public benefit through its work delivering a range of education, enablement and support services to disabled children and young people and their families. The Trustees have complied with their duty to note and pay due regard to public benefit guidance published by The Charity Commission. The Trustees are committed to ensuring the Charity remains responsive to, and respectful of, the diverse needs of those with disabilities and their families and the local community, enabling families to pursue ordinary lives and to see their disabled family member achieve their full potential.

6 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Achievement and performance | Charitable activities

Our Performance

6

1 brand new school opened

new pupils at Rainbow Hub School who would otherwise be home educated

600 75 sessions and children have 3,000 hours of benefitted from Conductive Conductive Education Education delivered

Changed the lives of 112 children and families

Our nursery was rated ‘GOOD’ in all areas

14,369 hours of early years education to 28 children who would otherwise not be able to access nursery

18,000 hours rehabilitation, education, and fun

39 children have benefitted from Communication Support

44 family days have been enjoyed

10 full days of holiday fun club

7 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Achievement and performance | Charitable activities

Strategic Report

The Difference We Have Made

31 children have begun taking steps with support

13 children who had difficulties opening their hands have now learned to grasp

12 children have learned to sit

5 children are now walking independently

6 children started taking unsupported steps with a walking aid

9 children have stood independently for the first time

5 children have learned to use their arms to reach out for toys

8 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Achievement and performance | Charitable activities

Strategic Report

The difference we have made

3 children have learned to keep their balance enough to sit cross legged

11 11 7 children have learned children have children have to dress and undress learned to use a learned to roll themselves toothbrush 8 8 children have learned to kneel in children have preparation for crawling learned to sit on a bench independently ae i's Pa % =, SS His ra : (| ' -= P 5 wes . 4 . , children have eesy SWy~ mR gSQZz/ =os,“awe= *Py} iy) ‘ >»a1“%~ learned to stand up off nye 5 “7° a PS the floor independently .\ \INBOW iw ™ eILyNeo”oe \ Bs,Ve AINBOW“aw ;

9 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Achievement and performance | Charitable activities

The difference we have made

30 children can now negotiate an obstacle course helping them to better manage in the world

12 children have learned what ‘stop’ means, helping them to stay safe

17 children have learned to wait and take turns - another tricky thing to understand

16

children have learned to concentrate enough to listen and follow instructions

20 children have learned to share with their friends - which can be tricky

14 children have developed the confidence and skills to stand up on their own and talk in front of their friends

10 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report

Achievement and performance | Charitable activities

What our families say

PEGGY

“Peggy has been coming to Rainbow Hub since the age of 9 months. What she has achieved in this time is incredible. She is more patient in sessions, enjoys and understands routine more and has a great relationship with the amazing staff. Rainbow Hub has also been a great support to me as a parent and eased some of toughest times I’ve experienced with some of the challenges that come with being a new mother with a child with additional needs. As a family we will always feel forever indebted to Rainbow Hub for what they have done for us.”.

SAM

“From our first visit to

Rainbow Hub, I noticed how warm and welcoming the staff were; it was such a relief to find somewhere that Sam was accepted, and I didn’t need to explain why he wasn’t crawling or walking yet, or why he didn’t use his left hand. We soon signed up for Conductive Education and I was overjoyed to find a group of people who had time to talk and share their own experiences and expertise, at a time when the support provided by the NHS was under whelming to say the least.”

11 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Achievement and performance | Charitable activities

Strategic Report

What our families say

RUBEN

AMBER

“Rainbow Hub allows “Rainbow Hub put their arms around us at one of the hardest times of our lives following Amber’s birth. They took away some of our biggest worries and offered us all so much support, hope and positivity. Amber has thrived under the expert care of both the conductive education and nursery staff. Through attending, Amber has learnt to walk independently, sign and communicate. Rainbow Hub sees the ability in each child - there are no limits, which is such a refreshing change. We’d be lost without Rainbow Hub and can’t thank them enough for everything they’ve done for our family.”

“Ruben is 9 years old and has attended Rainbow Hub since he was around 18 months. With his diagnosis we were told he would never probably walk or talk. With the support of the amazing staff at Rainbow Hub, he has gone from a little boy who couldn’t cope socially to a confident funny little man - a Cheeky chappie, Being able to attend mainstream primary school. Even though he does use a wheelchair as he tires easily, he fully enjoys supporting and walking in the rainbow ramble. He with the support of Rainbow Hub has smashed nearly all the hurdles we were told he would never overcome. Rainbow Hub has fully supported our family and helped us to understand and deal with all the challenges and the best way to support Ruben. We are truly grateful & thankful.”

12 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Achievement and performance | Charitable activities

What our families say

MASON

KYLIAN

“Kylian is now nearly 5 years

old and achieving more than we could have ever imagined. We were told by professionals that Kylian would start to plateau by the age of 3-4. However, in the last 6 months Kylian has learnt to communicate through his eye gaze, started to crawl and is walking in his walker. He continues to amaze us all. Rainbow Hub has helped us to believe that Kylian can keep reaching milestones set. They always look at new ways to achieve. Rainbow Hub is not just a weekly session for Kylian, it’s a support system for our family all year round and a lifeline to many of us.”

“Mason is 15 and has attended Rainbow Hub since he was two. We were told that if Mason wasn’t walking by the age of 6, he would never walk, Mason had other ideas and with the support of Rainbow Hub started taking his first steps at 9 years old and can now walk short distances independently. This was such an achievement, and we are so grateful for the freedom and new experiences that this allows him. He is currently focusing on balance and coordination and has made so much progress already this year. The support we receive for the whole family, is invaluable. We are extremely lucky to have an extended family through Rainbow Hub who have provided lots of emotional support over the years. It can be a frightening world as a parent, dealing with the daily complex needs of having a disabled child and battling for basic rights and services that they need. We have always received unwavering compassion and support from the staff, and we also have the opportunity to meet other amazing parents and share experiences and this helps make the journey with a disabled child easier to navigate.”

13 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Achievement and performance | Charitable activities

How Did We Do This Year?

This has been an incredible year for Rainbow Hub, one that we are unlikely to experience again for some time. We received a generous and unprecedented donation of £5m from the Wain Foundation to enable us to build Rainbow Hub School, which was completed in August 2024. Officially registered in October 2023, the school ended the year with four pupils, and we plan to extend that number to 32 over the coming years. Rainbow Hub School is key to the success and sustainability of Rainbow Hub, with any surplus derived from the school being re-invested into our charitable services.

What we said we’d do

Whilst building work was ongoing, our Conductive Education service ran from Inspire Youth Zone, Chorley where staff, children and families adapted well to change. Despite the challenges, we were able to continue to deliver life-changing therapy and support to 112 children and families.

Our nursery continued to operate on a building site and, as a testament to staff, received a glowing report from Ofsted who rated our nursery as ‘good’ in all areas during our first inspection since opening in 2021.

What we’ve done

Rainbow Hub School officially opened in February 2024 when we enrolled our first pupil.

Develop Rainbow Hub School

Building work completed in August 2024 and we ended the year with four pupils.

Secure funding for the Rainbow Hub Hydrotherapy Centre

We secured funding of £300,000. Initial groundworks and drainage have been completed and we hope to complete the project in 2025.

14 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Achievement and performance | Charitable activities

Our Plans For The Future

We will begin our year back together with all our services running from our Mawdesley site. Our focus will remain on changing the lives of children with neurological conditions and acquired brain injury and their families.

Trustees will meet with key stakeholders to develop a strategic plan for the next 3 years, ensuring that we continue to operate in a way that meets the needs of the community we support. In short, we aim to:

Operational

Income Generation

Marketing and PR

across all platforms

15 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Financial review | Financial position

This was an unusual year for the Charity as we received a very large donation of £5,000,000 to build Rainbow Hub School. During the year the majority of this donation was spent, with £4,735,233 being added to fixed assets in respect of the school building project.

The balance of the donation of £264,767 is to be spent completing the construction in the forthcoming financial year. The disruption to services caused by the building project, during which the majority of staff were working away from the main site, impacted on donations this year.

We ended the year on a surplus of £4,738,787 (2023: £70,723 deficit). The cash balances as at 31 August 2024 were £1,290,103 (2023: £166,239) and the closing net assets were £5,854,411 (2023: £1,115,624).

Of the cash balance, all except £242,102 is restricted to the building project and other minor projects. The majority of the restricted cash was paid to the contractor in 24/25 or is committed to the completion of the building work.

With the opening of the school to take place in early September 2024 we look forward to expanding the number of places available and thereby ensuring the financial stability of the Charity going forward. Additional fundraising resources will also support the existing team to increase the amount of charitable income generated.

How we raised the money

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Events
Charitable
Activities
Investment
Income
Donations
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How we spent the money

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Raising Funds
Charitable
Activities
Depreciation
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Reserves policy

It is the policy of the Charity to maintain unrestricted funds, adjusted for the property value less the associated borrowings, at a minimum level which equates to approximately three months unrestricted expenditure. This provides sufficient funds to cover management, administration, and support costs and to deliver services whilst applications for emergency funds are made.

The Trustees review this policy on an annual basis but reserve levels are monitored monthly. After another challenging year, that once again saw a decline in donations, we used a significant proportion of our reserves to fund operating activities. Although we ended with £864,223 held in reserves, all but £242,102 is restricted to the building project and other minor projects. Moving into the new financial year, our actual level of free reserves is £242,102, which equates to just 3 months of operating costs.

16 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Strategic Report Principal risks and uncertainties

Effective risk management is also key to successfully delivering our strategy and developing Rainbow Hub for a sustainable future.

The Trustees of Rainbow Hub ensure there is an up to date Risk Register and Risk Management Framework covering principal risks and uncertainties facing the Charity and focuses on key areas of finance; funding; management; governance; compliance; services; health and safety and safeguarding.

Identification of risk is delegated to the Chief Executive and senior leadership team who report risk management to Trustees for review and approval.

Principle risks and mitigating factors this year were:

Financial Security

Over the year, we saw a steady decline in income derived from fundraising. Thankfully, we had sufficient funds in reserves to withstand this but moving forward, efforts need to focus on raising sufficient funds. We will therefore invest in our fundraising team in the year ahead.

financial and staff resources. Whilst we anticipate the school to generate a surplus that can be re-invested into charitable activities, this needs to be managed carefully to avoid charity reserves being drained.

Finding the right team

Conductive Education originated in Hungary and many of the qualified therapists are Hungarian. Brexit and Covid-19 have resulted in difficulties in recruiting specialist staff. To mitigate this, we have made the decision to invest in existing staff, supporting them in their career progression and providing in-house training.

Our semi-rural location is a bonus for the children and families we support, however, being away from any major towns and without public transport routes, recruitment is an ongoing challenge.

Over the last 12 months we have significantly developed our specialist team, and we now employ 5 conductors (specialist therapists), one conductor teacher, one allied health professional lead and several teaching, early years and support staff.

Ability to deliver our strategy

The development of Rainbow Hub School requires significant

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17 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024
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Structure, Governance and Management Organisational structure

between staff and Trustees and for Trustees to learn more about our services from those delivering them.

Trustees meet quarterly and review Key Performance Indicators. They sign off an annual financial budget and review progress against it through detailed management accounts.

Governing document

The Charity is controlled by its Governing Document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Charity is governed by its Memorandum and Articles of Association with the activities of the organisation being entrusted to a Board comprising of at least three Trustees. The Trustees are drawn from different backgrounds both in business and as parents of children with disabilities, bringing a broad range of skills, experience and knowledge to Board deliberations.

New Trustees are appointed by resolution of the Trustees, in accordance with the provisions of the Articles of Association. All new Trustees appointed in the year are familiarised with their statutory responsibilities, their role as Board members, the governance framework within Rainbow Hub, the work of the Charity and the risk environment. Ongoing training is arranged as and when identified.

A Management Board meets monthly and has delegated responsibility with clear terms of reference. Comprising of the Chair of Board of Trustees, the Chief Executive, the Office Manager and at least one other Trustee the Management Board supports the Chief Executive with day to day management. Meetings are also attended by our Senior Management Team, namely our Lead Conductor, Headteacher, Nursery Manager, Finance Officer, Facilities and HR Manager and Head of Fundraising and Marketing.

Decision making

The Chief Executive works closely with the Senior Leadership Team who meet on a weekly basis. These meetings help inform the strategic direction and ensure effective management of the organisation. Close monitoring of services and finances and enable the Chief Executive to raise any relevant issues with the Board at the earliest opportunity.

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There are clear lines of authority throughout the organisation
with the Senior Management Team being accountable for
staff in their department.
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Organisational structure

The Board of Trustees meets quarterly to set the direction and oversee the management and delivery of services. They delegate day to day management to the Chief Executive. Staff are periodically invited to attend Board meetings to present on their areas of work thus enhancing relationships

18 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Reference and Administrative Details

Registered

Company number 06725399 (England and Wales)

Registered

Charity number 1127498

Registered office

Rainbow Hub Salt Pit Lane Mawdesley Ormskirk Lancashire L40 2QX

Trustees

W Ainscough (Chairperson) KM Abbott (Treasurer)

PJ Holmes J Smith

ME Carter RE Fairclough

MJ Price

DM Mitchell (appointed 29/1/2024)

Key Management

L Fahey (Chief Executive) S Clemson (Finance Officer) M Berry (Headteacher) J Ashcroft (Lead Conductor) K Jones (Nursery Manager) K Nelson (Head of Fundraising) K Williams (HR & Facilities Manager)

Auditors

McMillan & Co LLP Chartered Accountants and Statutory Auditor 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA

Bankers

Barclays Bank plc 38 Fishergate Preston PR1 2AD

National Westminster Bank plc 46 Market Street Chorley Lancashire PR7 2RZ

Statement of Trustees’ Responsibilities

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position 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 steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees (who are also the directors of Rainbow Hub NW Limited for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with 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”.

Company law requires 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

Auditors

The auditors, McMillan & Co LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 February 2025 and signed on the board’s behalf by:

KM Abbott - Trustee

20 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Report of the Independent Auditors to the Members of Rainbow Hub NW Limited

Opinion

We have audited the financial statements of Rainbow Hub NW Limited (the ‘charitable company’) for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. 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 financial 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 significant 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 responsibilities of the trustees with respect to going 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 financial 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, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements 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.

21 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Report of the Independent Auditors to the Members of Rainbow Hub NW Limited

Opinions on other matters prescribed

by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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 Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

22 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Report of the Independent Auditors to the Members of Rainbow Hub NW Limited

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 (UK) will always detect a material misstatement 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 users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

23 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Report of the Independent Auditors to the Members of Rainbow Hub NW Limited

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

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.

Neil McMillan FCA (Senior Statutory Auditor) for and on behalf of McMillan & Co LLP Chartered Accountants and Statutory Auditor

28 Eaton Avenue, Matrix Office Park, Buckshaw Village Chorley, Lancashire, PR7 7NA

27 February 2025

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/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Statement of Financial Activities

for the year ended 31 August 2024

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2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
Income and endowments from
Donations 2 155,251 5,015,739 5,170,990 360,424
Charitable activities
Charitable activities 5 313,501 - 313,501 194,569
Events 3 195,119 - 195,119 136,567
Investment income 4 20,220 - 20,220 681
Total 684,091 5,015,739 5,699,830 692,241
Expenditure on
Raising funds 6 140,479 - 140,479 125,595
Charitable activities
Charitable activities 7 740,467 31,608 772,075 592,408
Depreciation 40,597 7,892 48,489 35,635
Other - - - 9,326
Total 921,543 39,500 961,043 762,964
Net income/(expenditure) (237,452) 4,976,239 4,738,787 (70,723)
Transfers between funds 20 239,800 (239,800) - -
Net movement in funds 2,348 4,736,439 4,738,787 (70,723)
Reconciliation of funds
Total funds brought forward 861,875 253,749 1,115,624 1,186,347
Total funds carried forward 864,223 4,990,188 5,854,411 1,115,624
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The notes form part of these financial statements

25 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Balance Sheet

31 August 2024

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2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
Fixed Assets
Tangible assets 13 1,178,853 4,975,299 6,154,152 1,649,516
Current Assets
Debtors 14 79,232 - 79,232 37,556
Cash at bank and in hand 242,102 1,048,001 1,290,103 166,239
321,334 1,048,001 1,369,335 203,795
Creditors
Amounts falling
due within one year 15 (354,449) (940,845) (1,295,294) (423,730)
Net Current Assets (33,115) 107,156 74,041 (219,935)
Total Assets less
Current Liabilities 1,145,738 5,082,455 6,228,193 1,429,581
Creditors
Amounts falling due
after more than one year 16 (281,515) (92,267) (373,782) (313,957)
Net Assets 864,223 4,990,188 5,854,411 1,115,624
Funds 20
Unrestricted funds 864,223 861,875
Restricted funds 4,990,188 253,749
Total funds 5,854,411 1,115,624
----- End of picture text -----

The notes form part of these financial statements

The financial statements were approved by the Board of Trustees and authorised for issue on 27 February 2025 and were signed on its behalf by:

KM Abbott - Trustee

26 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Cash Flow Statement

for the year ended 31 August 2024

----- Start of picture text -----
2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 5,716,165 320,476
Interest paid (26,954) (23,869)
Net cash provided by operating activities 5,689,211 (4,559,125)
Cash flows from investing activities
Purchase of tangible fixed assets (4,559,125) (530,905)
=
Sale of tangible fixed assets 6,000
Interest received 20,220 681
Net cash used in investing activities (4,532,905) (530,224)
Cash flows from financing activities
Mortgage repayments in year (32,442) (31,036)
Net cash used in financing activities (32,442) (31,036)
Change in cash and cash equivalents in the reporting period 1,123,864 (264,653)
Cash and cash equivalents at the beginning of the reporting period 166,239 430,892
Cash and cash equivalents at the end of the reporting period 1,290,103 166,239
The notes form part of these financial statements
----- End of picture text -----

The notes form part of these financial statements

27 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Cash Flow Statement

for the year ended 31 August 2024

----- Start of picture text -----
1. Reconciliation of net income/(expenditure) to net cash
2024 2023
flow from operating activities £ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 4,738,787 (70,723)
Adjustments for:
Depreciation charges 48,489 35,635
Interest received (20,220) (681)
Interest paid 26,954 23,869
(Increase)/decrease in debtors (41,676) 15,467
Increase in creditors 963,831 316,909
Net cash provided by operations 5,716,165 320,476
2. Analysis of changes in net (debt)/funds
At 1/9/23 Cash flow At 31/8/24
£ £ £
Net cash
Cash at bank and in hand 166,239 1,123,864 1,290,103
166,239 1,123,864 1,290,103
Debt
-
Debts falling due within 1 year (33,000) (33,000)
Debts falling due after 1 year (313,957) 32,442 (281,515)
(346,957) 32,442 (314,515)
Total (180,718) 1,156,306 975,588
----- End of picture text -----

The notes form part of these financial statements

28 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements for the year ended 31 August 2024

1. 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 (FRS 102) ‘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 (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Rainbow Hub NW Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recorded at historical cost unless otherwise stated in the relevant accounting policy notes.

The presentational currency of the charity is pound sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

There are no material uncertainties about the charity’s ability to continue.

Going concern

The financial statements have been prepared on the going concern basis on the Trustees’ assumption that the Charity will continue to meet its obligations as they fall due. This depends on the Charity’s ability to raise sufficient finance to fund its unrestricted operations. Due to the nature of the Charity’s income, much of which is received from public donations, it is difficult to forecast a large proportion of the income with any degree of certainty. Current cash flow forecasts, prepared by the Trustees indicate that the Charity has operational funds for the next twelve months from the balance sheet date. The Trustees have taken steps to increase income, and reduce expenditure and are therefore confident that sufficient funds will be raised to enable the Charity to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

The specific gift donated for the school building has been recognised as income in the year of receipt and its use is restricted for the purpose of the development of the school building and ancillary costs.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is classified under headings of the Statement of Financial Activities to which it relates:

29 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued

for the year ended 31 August 2024

1. Accounting Policies - continued

Company status

The Charity is a company limited by guarantee. The directors of the company are the trustees named on page 1. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per director of the charity.

Allocation and apportionment of costs

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justified and consistent basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

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 is included in the notes to the financial statements.

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.

Fixtures and fittings -

33% on cost and 10% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

30 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
2. Donations
2024 £ 2023 £
Donations and gifts 5,122,856 208,978
Trusts and grants 48,134 151,446
5,170,990 360,424
A donation of £5,000,000 was received from the Wain Foundation specifically to fund the
development cost of the new school, and £150,000 was received from third parties specifically to fund
the development cost of the new hydropool.
Grants received, included in the above, are as follows:
Steve Morgan Foundation - 27,433
The Halsall Foundation - 30,000
The Holroyd Foundation - 23,000
The Postcode Lottery - 25,000
St James’ Place Charitable Foundation - 5,000
Rainford trust - 5,000
Screwfix Foundation - 5,000
Awards For All - 10,000
Spar Community Cashback - 10,000
The National Lottery Community Fund 20,000 -
Barbara Ward Childrens Foundation 8,000 -
Souter Charitable Trust 3,000 -
Lancaster Foundation 2,500 -
Fort Foundation 1,000 -
Red Rose Trust 1,000 -
Fletchers Solicitors 2,000 =
Progress Housing Soup Dragons 1,000 -
Duchy of Lancaster Benevolent Fund 1,000 -
Glasdon Charitable Trust 1,000 -
The N Smith Charitable Settlement 1,000 -
The Camelia Trust 1,000 -
General 5,634 11,013
Total 48,134 151,446
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31 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
3. Events
2024 £ 2023 £
Annual Balls 97,245 100,093
Fire walk 7,967 -
Ladies lunch 4,678 4,327
Ramble 10,453 11,531
-
Sports week 8,406
Christmas tree collection 15,926 7,991
Workoutathon 4,174 2,753
Great North Run 24,214 -
Extreme sports 15,159 -
Others 6,897 9,872
Total 195,119 136,567
4. Investment income
2024 £ 2023 £
Deposit account interest 20,220 681
5. Income from charitable activities
2024 £ 2023 £
School fees - Charitable activities 112,903 -
Nursery fees - Charitable activities 153,053 154,225
Registration fees - Charitable activities 32,816 27,696
Fun clubs - Charitable activities 14,729 12,648
Total 313,501 194,569
6. Raising funds - Raising donations and legacies
2024 £ 2023 £
Staff costs 82,120 86,659
Advertising and promotion 11,966 1,350
Fundraising events 46,393 37,586
Total 140,479 125,595
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32 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

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7. Charitable activities costs
Direct Support costs
Costs £ (see note 8) £ Totals £
Charitable activities 588,548 183,527 772,075
-
Depreciation 48,489 48,489
Total 637,037 183,527 820,564
8. Support costs Management Governance
£ Other £ costs £ Totals £
Charitable activities 108,390 38,904 36,233 183,527
9. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting): 2024 £ 2023 £
Auditors’ remuneration 5,327 1,565
Depreciation - owned assets 48,489 35,635
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10. Trustees’ remuneration and benefits

There were no trustees’ remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

~~11. Staf costs costs~~

----- Start of picture text -----
11. Staf costs costs
2024 £ 2023 £
Wages and salaries 577,795 478,297
Social security costs 39,685 31,785
Other pension costs 31,145 8,233
Total 648,625 518,315
The average monthly number of employees during the year was as follows:
2024 2023
Generating voluntary income 4 4
Charitable activities 21 19
Support 3 2
Total 28 25
----- End of picture text -----

No employees received emoluments in excess of £60,000.

The aggregate remuneration of the Key Management Personnel, comprising the Chief Executive, HR & Facilities Manager, Headteacher, Lead of Conductive Services, Nursery Manager, Head of Fundraising & Marketing and Finance Officer, was £282,051.

33 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
12. Comparatives for the statement
Unrestricted Restricted Total
of financial activities fund funds funds
£ £ £
Income and endowments from
Donations 308,229 52,195 360,424
Charitable activities
Charitable activities 194,569 - 194,569
Events 136,567 - 136,567
Investment income 681 - 681
Total 640,046 52,195 692,241
Expenditure on
Raising funds 125,595 - 125,595
Charitable activities
Charitable activities 534,190 58,218 592,408
-
Depreciation 35,635 35,635
Other 9,326 - 9,326
Total 704,746 58,218 762,964
Net income/(expenditure) (64,700) (6,023) (70,723)
Transfers between funds (230,777) 230,777 -
Net movement in funds (295,477) 224,754 (70,723)
Reconciliation of funds
Total funds brought forward 1,157,352 28,995 1,186,347
Total funds carried forward 861,875 253,749 1,115,624
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34 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued

for the year ended 31 August 2024

----- Start of picture text -----
13. Tangible fixed assets
Freehold Assets under Fixtures
property construction and fittings Totals
£ £ £ £
Cost
At 1 September 2023 1,200,596 520,583 457,504 2,178,683
Additions 18,500 4,444,108 96,517 4,559,125
- -
Disposals (6,000) (6,000)
Transfer to ownership 4,735,233 (4,735,233) - -
At 31 August 2024 5,954,329 229,458 548,021 6,731,808
Depreciation
At 1 September 2023 209,494 - 319,673 529,167
-
Charge for year 23,904 24,585 48,489
-
At 31 August 2024 233,398 344,258 577,656
Net book value
At 31 August 2024 5,720,931 229,458 203,763 6,154,152
At 31 August 2023 991,102 520,583 137,831 1,649,516
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~~14. Debtors: amounts falling due within one year~~

----- Start of picture text -----
14. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 14,900 15,220
Prepayments and accrued income 64,332 22,336
Total 79,232 37,556
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35 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
15. Creditors: amounts falling due within one year
2024 £ 2023 £
Mortgage (see note 17) 33,000 33,000
Trade creditors 764,374 31,229
Social security and other taxes 11,928 9,886
Accruals and deferred income 485,992 349,615
Total 1,295,294 423,730
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Accruals and deferred income includes an accrual for building works carried out before the year end, and invoiced after the year end.

----- Start of picture text -----
16. Creditors: Amounts falling due after more than one year 2024 £ 2023 £
Mortgage (see note 17) 281,515 313,957
Accruals and deferred income 92,267 -
Total 373,782 313,957
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The mortgage is repaid at a quarterly amount of £4,108 and attracts interest at 2.7% per annum over the official Bank of England Base Rate.

----- Start of picture text -----
17. Loans An analysis of the maturity of loans is given below:
2024 £ 2023 £
Amounts falling due within one year on demand:
Mortgage 33,000 33,000
Amounts falling between one and two years:
Mortgage - 1-2 years 33,000 33,000
Amounts falling due between two and five years:
Mortgage - 2-5 years 99,000 99,000
Amounts falling due in more than five years:
Repayable by instalments: Mortgage due over 5 years 149,515 181,957
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36 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
18. Leasing agreements
2024 2023
Minimum lease payments under non-cancellable operating leases fall due as follows: £ £
Within one year 10,175 3,554
Between one and five years 18,040 1,946
Total 28,215 5,500
19. Secured debts
2024 2023
The following secured debts are included within creditors: £ £
Mortgage 314,515 346,957
The mortgage is secured by a fixed charge over the property of the Charity.
20. Movement in funds
Net movement Transfers
At 1/9/23 in funds between funds At 31/8/24
£ £ £ £
Unrestricted funds
General fund 861,875 (237,452) 239,800 864,223
Restricted funds
-
Family Days Out 136 1,358 1,494
- -
The Outdoor Sensory Garden 8,103 8,103
Contribution Towards Childrens’
- 2 - 2
Technology
Hardship Fund 5,710 (1,500) - 4,210
Communication equipment - 80 - 80
New school building 239,800 4,975,299 (239,800) 4,975,299
Cookery - 1,000 - 1,000
253,749 4,976,239 (239,800) 4,990,188
Total funds 1,115,624 4,738,787 - 5,854,411
----- End of picture text -----

37 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
20. Movement in funds - continued
Incoming Resources Movement
Net movement in funds, included in the above are as follows:
resources expended in funds
£ £ £
Unrestricted funds
General fund 684,091 (921,543) (237,452)
Restricted funds
Family Days Out 2,229 (871) 1,358
CE Salary support 5,500 (5,500) -
Contribution Towards Childrens’ Technology 3,739 (3,737) 2
Communication sessions 20,000 (20,000) -
-
Hardship Fund (1,500) (1,500)
Communication equipment 80 - 80
New school building 4,983,191 (7,892) 4,975,299
Cookery 1,000 - 1,000
5,015,739 (39,500) 4,976,239
Total funds 5,699,830 (961,043) 4,738,787
----- End of picture text -----

38 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
20. Movement in funds - continued
Net movement Transfers
Comparatives for movement in funds
At 1/9/22 in funds between At 31/8/23
£ £ funds £ £
Unrestricted funds
General fund 1,157,352 (64,700) (230,777) 861,875
Restricted funds
-
Family Days Out 1,600 (1,464) 136
The Outdoor Sensory Garden 4,395 5,000 (1,292) 8,103
Marketing Project 10,000 (10,000) - -
Hardship Fund 10,000 (4,290) - 5,710
Communication equipment 3,000 4,731 (7,731) -
- -
New school building 239,800 239,800
28,995 (6,023) 230,777 253,749
Total funds 1,186,347 (70,723) - 1,115,624
----- End of picture text -----

39 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

Notes to the Financial Statements - continued for the year ended 31 August 2024

----- Start of picture text -----
20. Movement in funds - continued
Incoming Resources Movement
Comparative net movement in funds, included in the
resources expended in funds
above are as follows:
£ £ £
Unrestricted funds
General fund 640,046 (704,746) (64,700)
Restricted funds
Family Days Out 10,000 (11,464) (1,464)
Support for Families in Merseyside and Cheshire 12,433 (12,433) -
CE Salary support 13,000 (13,000) -
The Outdoor Sensory Garden 5,000 - 5,000
Contribution Towards Childrens’ Technology 300 (300) -
-
Marketing Project (10,000) (10,000)
Communication sessions 6,731 (6,731) -
-
Hardship Fund (4,290) (4,290)
Communication equipment 4,731 - 4,731
52,195 (58,218) (6,023)
Total funds 692,241 (762,964) (70,723)
----- End of picture text -----

40 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024

for the year ended 31 August 2024

Notes to the Financial Statements - continued

21. Related party disclosures

Donations totalling £1,100 (2023: £5,025) were made by Trustees to the Charity during the year. No conditions were attached to these donations.

A donation of £5,000,000 (2023: £nil) was made to the Charity by an organisation with common Trustees. The donation was

specifically for the development of the new school building, and has been included in restricted income.

Donations totalling £600 (2023: £5,500) were made by family members of the board of Trustees. No conditions were attached to these donations.

Payments totalling £11,231 were made to Good Reason Marketing Ltd, a company in which one of the Trustees is a director.

22. Restricted fund - New school building and hydropool

This is a new fund set up last year and is for building the new school and hydropool. The amount in this fund as at

31 August 2024 was £4,975,299 (2023: £239,800), being the building costs to date.

Restricted Fund - Family Days Out

This fund is for providing family days at the centre. The amount held in this fund as at 31 August 2024 was £1,494 (2023: £136).

Restricted Fund - The Outdoor Sensory Garden

This fund is to provide support towards the cost of creating the Outdoor sensory garden. The amount held in this fund as at 31 August 2024 was £8,103 (2023: £8,103).

Restricted Fund - Contribution to Childrens’ Technology

This is a new fund set up in the year to provide support towards the cost of various technology that the children require.

The amount held in this fund as at 31 August 2024 was £2 (2023:£nil).

Restricted Fund - Hardship Fund

This fund was set up lin 2022 and is for providing financial support to families in need. The amount held in this fund as at 31 August 2024 was £4,210 (2023: £5,710).

Restricted Fund - Communication equipment

This fund is for providing communication aides for the children. The amount held in this fund as at 31 August 2024 was £80 (2023: £nil).

Restricted Fund - Cookery

This is a new fund set up in the year to provide cookery classes to the children. The amount in this fund as at 31 August 2024 was £1,000 (2023:£nil).

41 | Rainbow Hub NW Ltd Report of the Trustees for the year ended 31 August 2024