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← Rainbow's End (Roseland)

2024-09-30-accounts

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

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR RAINBOW’S END IN ROSELAND LTD

RAINBOW’S END IN ROSELAND LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 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 30 September 2024. 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

1

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2023/24 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:

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.

2

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2024, the Trust held total reserves of £(513).

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

3

RAINBOW’S END IN ROSELAND LTD

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Financial Report

The income of the Charity for the year amounted to £76,014. The income for the year arises from donations of £58,847, income from courses, workshops and accommodation £17,167.

Total expenditure for the year was £91,981.

The net deficit for the Trust for the year was £15,797.

The cash balances for the Trust at the end of the year were £387.

ON BEHALF OF THE BOARD :

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

Date:

4

RAINBOW’S END IN ROSELAND LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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
2024
£
58,847
-
170
17,167
76,184
9,736
69,298
12,947
-
91,981
-15,797
-
-15,797
15,284
-
-513		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Total
Funds
Funds
2024
2023
£
58,847
54,028
-
-
170
-
17,167
19,779
76,184
73,807
9,736
14,798
69,298
40,883
12,947
10,223
-
-
91,981
65,904
-15,797
7903
-
-
15,797 7,903
15,284
7,381
-
-
-
-513
15,284

The notes form part of these financial statements

5

RAINBOW’S END IN ROSELAND LTD

BALANCE SHEET AT 30 SEPTEMBER 2024

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		 2024
£
-
387
387
(900)
-513
-513

-
-513
-513
-

-513		 2023
£
-
16,214
16,214
(930)


15,284
15,284
-
15,284
15,284
-
15,284

For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

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

6

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2024.

7

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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		 2024
2023
£
£
58,847
-
54,028
-
58,847
54,028
2024
2023
£
-
-
-
-
2024
2023
£
170
-
170
-
2024
2023
£
17,167
-
19,779
-
17,167
19,779

8

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

 2024
£
9,736
9,736		 2023
£
14,798
14,798
2023
£
24,267
16,256
-
40,883
2023
£
6,430
-
52
4,817
-
4,957
-
16,256
-
-
-
-
2024
£
51,442
17,856
-
69,298
2024
£
7,400
-
-
6,515
-
3,941
-
17,856
-
-
-
-


9

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. GOVERNANCE COSTS

Administration
Bank charges
Insurance
General
Accountancy
10.
NET INCOMING RESOURCES
Net resources are stated after charging:
Accountancy fees		 2024
2023
£
£
10,361
172
474
860
1,080
7,766
117
601
206
1,533
12,947
10,223
2024
2023
£
£
1,080
1,533

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024.

Trustees' Expenses

Expenses of £6,220 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.

10

RAINBOW’S END IN ROSELAND LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fund balances at 30 September 2024
are represented by:
Tangible fixed assets and investments
Current assets less total liabilities
Total net assets		 2024
£
900
Restricted
funds
Unrestricted
funds
£
£
-
-
-513
-
-513		 2023
£
930
Total
£
-513
-513

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

11

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Signature Dates and Times

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Signature 1

Signed by Sandi and using authentication code ak5Pd0c2RTRwRXIv at IP address 89.92.56.90, on 2025/06/18 07:11:19 Z.

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