2023-09-30-accounts - Rainbow's End (Roseland)

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REGISTERED COMPANY NUMBER: 07035071 (England and Wales) REGISTERED CHARITY NUMBER: 1137367

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR RAINBOW’S END IN ROSELAND LTD

RAINBOW’S END IN ROSELAND LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

	Page
Report of the Trustees	1 to 4
Statement of Financial Activities	5
Charity Balance Sheet	6
Notes to the Financial Statements	7 to 11

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 30 September 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in December 2005

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07035071 (England and Wales)

Registered Charity number

1137367

Registered Office

Roseland Cottage Veryan Green Truro TR2 5QQ

Trustees / Directors

Mrs S Clark (Trustee) Mr M C Mayes (Trustee)

Accountants

Rosy Jeffery Ltd The Loft Unit 11 Hunthay Business Park Axminster Devon EX13 5RJ

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

TRUST STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust is a charitable company limited by guarantee.

The minimum number of Trustees is two, with a maximum of 8. Throughout 2022/23 the Charity has had two Trustees. Two Trustees stand down at each AGM but may be re-appointed by the membership.

Trustees are recruited by invitation and inducted into the objectives and values of the Charity by Sandi Clark.

The work of the Trust is managed by Sandi Clark.

PRINCIPAL ACTIVITY

The Trust’s Objects as stated in its Memorandum of Association are:

a) the relief of sickness and the preservation of good health in particular by the use of therapies complementary to conventional healing;
a) to advance the education of the public in understanding, use and application of complementary therapies.

ACHIEVEMENTS AND PERFORMANCE

During the year, the Charity has fulfilled its objectives by the provision of retreat accommodation and workshops, and the provision of classes.

In the fulfillment of these objectives the trustees have had due regard to the guidance on public benefit published by the Charity Commission.

All the work of the Charity is done by volunteers.

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

FINANCIAL REVIEW

Reserves policy

The Charity aims to maintain sufficient reserves in order to ensure its continued existence and to enable the Charity to achieve its Objects, and to be able to take advantage of opportunities that may arise.

In determining the level of reserves required, the Trustees review the level of reserves at the balance sheet date, determine the funds required for committed and planned projects, and the level of free reserves to be maintained.

As at 30 September 2023, the Trust held total reserves of £15,284, all of which were free reserves.

Sandi Clark is committed to the continuation of the Charity and supports it with additional funds, as necessary.

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

Financial Report

The income of the Charity for the year amounted to £73,807. The income for the year arises from donations of £54,028, income from courses, workshops and accommodation £19,779.

Total expenditure for the year was £65,904.

The net incoming resources for the Trust for the year were £7,903.

The cash balances for the Trust at the end of the year were £16,214.

ON BEHALF OF THE BOARD :

............................................. Mrs S Clark – Trustee

Date:

RAINBOW’S END IN ROSELAND LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2023

Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 Activities for generating funds 3 Investment income 4 Incoming resources from charitable activities 5 Total incoming resources RESOURCES EXPENDED Costs of generating funds Fundraising trading costs 6 Charitable activities 7 Governance costs 9 Other resources expended 17 Total resources expended NET INCOMING/(OUTGOING) RESOURCES before transfers Corporation tax Net incoming/(outgoing) resources RECONCILIATION OF FUNDS Total funds brought forward Transfer between funds TOTAL (DEFICIT)/FUNDS CARRIED FORWARD	Unrestricted Funds 2023 £ 54,028 - - 19,779 73,807 14,798 40,883 10,223 - 65,904 7,903 - 7,903 7,381 - 15,284		Restricted Funds 2023 £ - - - - - - - - - - - - - -		Total Total Funds Funds 2023 2022 £ 54,028 40,803 - - - - 19,779 15,016
					73,807 55,819 14,798 17,040 40,883 27,640 10,223 7,807 - -
					65,904 52,487
					7,903 3,332 - -
					7,903 3,332 7,381 4,049 - -
					- 15,284 7,381

The notes form part of these financial statements

RAINBOW’S END IN ROSELAND LTD

BALANCE SHEET AT 30 SEPTEMBER 2023

Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 13 NET ASSETS FUNDS Unrestricted funds 14 Restricted funds NET ASSETS	2023 £ - 16,214 16,214 (930) 15,284 15,284 - 15,284 15,284 - 15,284		2022 £ - 8,113 8,113 (732)

			7,381
			7,381 -
			7,381
			7,381 -
			7,381

For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

(a) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
(b) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on and were signed on its behalf by:

…………………

Mrs S Clark - Trustee

The notes form part of these financial statements

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Accounting convention

The financial statements of the charitable company 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 2015)', 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.

Fund accounting

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

Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the charity for specific purposes. The cost of raising and administering said funds are charged against that specific fund. There were no restricted funds in the period.

Incoming resources

Income is the total amount received by the charity in grants, donations, operating and fundraising activities. This is included in the accounts when it is received within the most appropriate category.

Tangible fixed assets

It is the policy to depreciate all items of equipment over four years to write off the cost on a straight-line basis over their expected useful economic lives. There were no such items at 30 September 2023.

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. VOLUNTARY INCOME

Donations Grants 3. ACTIVITIES FOR GENERATING FUNDS 4. INVESTMENT INCOME Bank interest received and receivable 5. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestricted funds: Workshops, classes and accommodation. Other activities	2023 2022 £ £ 54,028 - 40,803 - 54,028 40,803 2023 2022 £ - - - - 2023 2022 £ - - - - 2023 2022 £ 19,779 - 15,016 - 19,779 15,016

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. COSTS OF FUNDRAISING 7. CHARITABLE ACTIVITIES Support costs of charitable activities Motor and travel expenses Premises costs Legal and professional 8. BREAKDOWN OF CHARITABLE ACTIVITIES Premises costs Rent Rates Cleaning Light and heat Telephone Repairs and maintenance Gardening Legal and professional Solicitor’s fees Mortgage interest Other legal and professional		2023 £ 14,798 14,798 2023 £ 24,627 16,256 - 40,883 2023 £ 6,430 - 52 4,817 - 4,957 - 16,256 - - - -	2022 £ 17,040
			17,040
			2022 £ 8,289 19,351 - 27,640 2022 £ 7,449 - 604 7,383 - 3,915 - 19,351 - - - -

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. GOVERNANCE COSTS

Administration Bank charges Insurance General Accountancy NET INCOMING RESOURCES Net resources are stated after charging: Accountancy fees	2023 2022 £ £ 7,766 117 601 206 1,533 6,312 62 398 279 756 10,223 7,807 2023 2022 £ £ 1,533 756

10. NET INCOMING RESOURCES

Net resources are stated after charging:

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2023.

Trustees' Expenses

Expenses of £4,590 were paid to Sandi Clarke to cover cost of admin to provide courses on behalf of the charity.

12. STAFF COSTS

The average number of employees of the Trust was 0. The total remuneration of employees including employers’ national insurance contributions was £0.

No employee received emoluments of more than £60,000 during the period.

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 30 September 2023 are represented by: Tangible fixed assets and investments Current assets less total liabilities Total net assets	2023 £ 930 Restricted funds Unrestricted funds £ £ - - 15,284 - 15,284	2022 £ 732 Total £ 15,284
		15,284

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

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Signature 1

Signed by Sandi and using authentication code MVLCo1hjeihEU3pqXg== at IP address 81.77.177.173, on 2024/06/27 11:27:52 Z.

Sandi and's e-mail address is: roselandcottage@mail.com.