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2024-12-31-accounts

Rainbow Surprise CIO

TRUSTEES` ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2024

Registered Charity No. 1165007

Rainbow Surprise CIO

INDEX
Page No Contents
1 - 14 Trustees Annual Report
15 Independent Examiners Report
16 Statement of Financial Activities
17 Balance Sheet
18 Statement of Cash Flows
19-25 Notes to the Accounts

RAINBOW SURPRISE CIO

Trustees Report for the year ended 31[st] December 2024

The Trustees have pleasure in presenting their report and the unaudited financial statements for the year ended 31st December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charities constitution, the Charities Act 2011 and 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 the Republic of Ireland published

(FRS 102) (effective 1 January 2019).

Reference and administrative Information

Charity Name : Rainbow Surprise CIO Charity Registration Number: 1165007

Structure, governance and management.

The charity is governed by a constitution and became a registered charity on the 04th January 2016.

The Trustees who served during the period are as follows:

Shakar Hussain (Chair) Dr Sayed Aisha B Malik Shabana Mirza Noel John Hulse

Key Management Personnel

Shabnam Hussain – Project manager

Principal Office

Crumpsall Community Hall Cleveland Road Crumpsall Manchester M8 4GS

Bankers

Barclays Leicestershire LE87 2BB

Independent Examiner

Muhammad Tayyab Ferguson & Co 651 Mauldeth Road West Manchester M21 7SA

1

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Objectives and activities

Charity Objects

The objects of the CIO are:

(B) The relief of those in need, by reason of age, ill-health, disability, financial hardship or other disadvantage by such charitable means as the trustees see fit from time to time.

(C) To further such other charitable purposes for the benefit of the public as the trustees see fit from time to time.

Nothing in this constitution shall authorise an application of the property of the CIO for the purposes, which are not charitable.

2

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

We had an amazing year with lots of more service users accessing our centre and recognising Crumpsall Community all as a hub for Crumpsall.

This year we received recognition for our hard work by receiving the Be Proud award in helping to

tackle poverty and Pride of

Manchester. This gave the team the boost we needed to do even more this year.

Partnership Work

We have this year done more partnership work and teamed up with some great organisations to deliver great projects and activities in the area.

We partnered up with Lancashire Cricket Club to bring walking cricket to Crumpsall. Every Wednesday evening like-minded people turn up to have a game of walking cricket followed by a

keeping this running long term.

cup of tea and a chat. We are keen on

3

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

We also Partnered up with Woodville Family Hub, Shirley Road from August delivering a food parcel service for their service users who have young children. This is every Saturday and so far over 32 families have been looked after with regular support each week.

Working with North Manchester Community Partnership to deliver digital classes at our centre has opened up more opportunities for people to learn the basics of being online.

Rainbow Journey started in September, working with Park View Medical Centre and NHS to deliver support to the community through pregnancy and infant loss. This was a very sensitive topic which needed to be delivered locally through face to face sessions.

4

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Play & Youth Provision

We had an amazing year with lots of activities for children and young people. Thank you to our funders MCRactive, Jigsaw Homes and Play & Youth Manchester City Council for supporting the

play and youth provision this year.

5

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

6

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

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Cost of Living Support
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7

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Home cooked meals:- delicious, healthy and freshly made meals at affordable prices. We started community cooking this year offering cooked meals to take away for £1. Each day we are making around 50 to 55 meals which are available in our warm hub, given in food parcels or sold to the community. This project is supported by Hubbub and our community fridge donors.

8

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Lots of happy children with freshly cut hair and a full belly

ready for the new term in school.

Community Cohesion

9

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

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•
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10

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

This year we have started our community salon Dewdrop. A salon for everyone where we are offering quality treatments for low cost. Supporting people with job interviews to make a good first impression. Looking after over older people with great offers on treatments to make them feel better.

We finished the year with another amazing Christmas dinner and Santa Surprise. Over 100 people spent Christmas together with great food and entertainment. Working together with the Jewish community who arranged transport for people to get to the venue and the Muslim community came together to cook. It showed how communities come together and work together.

11

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Thank you to all our funders who supported us and who made this year another amazing year. Thank you to our amazing volunteers and the local community for keeping Rainbow Surprise going.

12

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

A review of our achievements and performance: How our activities delivered public benefit:

The charity trustees can confirm that they have complied with their duty to conduct and guide the charity to benefit the public using their powers, in accordance with the Objects and Charitable Aims outlined in the Constitution.

A financial review

The accounts comply with current statutory requirements of the Charities Act 2011. The trustees have reviewed the accounts and confirm they are an accurate reflection of our financial status.

Investment powers and policy

Aside from retaining a prudent amount in reserves, most of the charity`s funds are to be spent in the short term so there are few funds for any long-term investment.

Reserves policy and going concern

The balance held in reserves at 31[st] December 2024 is £113,539 out of which £78,632 is unrestricted and £34,907 is restricted. (2023: £82,972) unrestricted) no restricted funds was held as at 31[st] December 2024. The trustee aims to build free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The charity’s main source of income is grants. The trustees consider that it is appropriate to prepare the accounts on a going concern basis, consequently, the accounts do not include any adjustments that would be necessary if these sources of income should cease.

Statement of Risk Management

The trustees have assessed the risks to which the charity may be exposed with reference to those relating to the operations and finances of the charity. Systems are in place to ensure that all risks are recorded for subsequent monitoring and review. In the meantime, the trustee’s remain satisfied that all insurable risks have been identified and adequately dealt with and that the charities exposure to other risks is kept at a minimum by good working practice by the trustees and volunteers.

Plans for Future Periods

Rainbow Surprise CIO plan to develop its activities by running increased activities.

We are currently working alongside the local council and the Crumpsall councilors to obtain a base so it can be set up as a community hub for Crumpsall; this is where we can run all our activities from and more.

Appointment of Charity Trustees

The constitution states apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

The charity will be managed by monthly committee members and an annual AGM.

Trustee Induction and Training

All trustees receive an induction into the organisation including an induction handbook.

13

Rainbow Surprise CIO

Trustees Report (continued) for the year ended 31[st] December 2024

Trustees responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees` report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice.)

Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing accounts giving a fair and true view, the trustees should follow best practice and:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the accounts comply with The Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board of trustees on: And signed on its behalf by:

Shakar Hussain Chair of Trustees

14

Independent examiner`s report to the trustees of Rainbow Surprise CIO

I report to the charity`s trustees on my examination of the accounts of the charity for the year ended 31[st] December 2024 which are set out on pages 16 to 25.

Respective Responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011

(the 2011 Act) and that an independent examination is needed. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

It is my responsibility to:

Basis of Independent Examiners Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out below.

Independent Examiner's Statement

In connection with my examination, other than listed below, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Muhammad Tayyab Ferguson & Co 651 Mauldeth Road West Manchester M21 7SA

15

Rainbow Surprise CIO

Statement of Financial Activities For the Year Ended 31[st] December 2024

Notes
INCOME FROM:
Donations and legacies
(3)
Charitable activities:
(4)
Other trading activities
(5)
Total
EXPENDITURE ON:
Charitable activities
(6)
Other trading activities
TOTAL
Net gains/(losses) on
investments
Net/income/(expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
(13)		 Year
Ended
Year
Ended
31.12.2024 31.12.2023
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
619
4,158
4,777
6,217
-
234,008
234,008
150,989
79,702
-
79,702
81,694
80,321
238,166
318,487
238,900
84,661
203,259
287,920
226,465
84,661
203,259
287,920
226,465
(4,340)
34,907
30,567
12,435
-
-
-
-
(4,340)
34,907
30,567
12,435
82,972
-
82,972
70,537
78,632
34,907
113,539
82,972

The Statement of Financial Activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 19 to 25 form part of these financial statements

16

Rainbow Surprise CIO

Balance Sheet as at 31[st] December 2024

Notes
Fixed Assets
Tangible Fixed Assets
(8)
Total fixed assets
Current Assets
Debtors
(11)
Cash at Bank and in hand
Total current assets
Liabilities
Creditors:
Amounts falling due within one year
(12)
Net current assets or liabilities
Total assets less current
liabilities
Total net assets or liabilities
The funds of the charity
Restricted income funds
(13)
Unrestricted income funds
(13)
Total unrestricted funds
Total charity funds		 2024
£
5,513
5,513
384
108,719
109,103
1,077
1,077
108,026
113,539
34,907
78,632
113,539
113,539		 2023
£
693
693
23,994
65,352
89,346
7,067
7,067
82,279
82,972
-
82,972
82,972
82,972

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

Shakar Hussain (Chair)

Date: 21-06-2025

The notes on pages 19 to 25 form part of these financial statements

17

Rainbow Surprise CIO

Statement of cash flows for the year ended 31[st] December 2024

Cash provided by/(used in) operating activities
Note
15
Cash flows from investing activities
Purchase of fixed assets
Sale of fixed asset
Loss on disposal of fixed asset
Net cash provided by investing activities
Increase/(decrease) in cash and cash equivalents during the
year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 2024
£
50,024
6,657
6,657
43,367
65,352
108,719		 2023
£
6,447
693
693
5,754
59,598
65,352

18

Rainbow Surprise CIO

Notes to the accounts for the year ended 31[st] December 2024

1. Accounting policies

(a) Basis of preparation of account

The financial statements of the charity, 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 Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

(b) Fund’s structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustee’s at their discretion, have created a fund for a specific purpose. Further details of each fund are disclosed in note 13.

(c) Income recognition

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

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Grants which relate to a specific period are deferred.

(d) Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal obligation or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

All expenditure other than that capitalised has been reflected in the income and expenditure account on an accrual’s basis including support costs and governance costs which are allocated or apportioned to the applicable expenditure headings.

(e) Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(f) Allocation of support and governance costs

Governance costs comprise all costs including the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs. Support costs have been allocated between governance costs and other support costs. The allocation of support and governance costs is analysed in note 7.

19

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

(g) Cost of raising funds

There were no costs associated with raising funds for the year ended 31[st] December 2024.

(h) Charitable activities

Costs of charitable activities includes governance costs and support costs as shown in note 7.

(i) Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions or those costing below £200 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Furniture & Equipment 25% on cost Play Equipment 25% on cost
Motor Vehicles 25% on cost Computer 25% on cost

(j) Taxation

The charity is not subject to any taxes on its charitable activities.

(k) Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise.

(l) Pensions

The charity does not currently operate a pension scheme as it currently has no paid employees.

(m) Contingent liabilities

A contingent liability is defined and disclosed for those grants resulting from:

A possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees` control.

2. Related party transactions and trustees` expenses and remuneration

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind. None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity. (2023:nil).

3. Donations and legacies

Donations
2023		 Year Ended
31st December
Year Ended
31st December
2024
2023
Unrestricted
Restricted
Total funds
Total funds
£
£
£
£
619
4,158
4,777
6,217
619
4,158
4,777
6,217
6,217
-
6,217

20

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

4. Income from charitable activities

Manchester City Council
Henry Smith
Sports Equal
Haircut Project
Hubbub
Jigsaw Homes
Lancashire Cricket
Manchester Active
Garden Project
Pumpkin Project
Lottery
Foodbank
MWF Grant
Manchester BME Network
Other grants
2023		 £
31st
December
31st December
2024
2023
Total funds
Total funds
£
£
-
125,782
125,782
111,655
-
33,400
33,400
-
-
-
-
-
-
375
375
-
9,000
9,000
1,381
-
8,168
8,168
8,540
-
320
320
-
-
-
-
-
-
20,125
20,125
9,622
-
693
693
2,850
-
27,495
27,495
16,941
-
7,650
7,650
-
-
1,000
1,000
-
-
-
-
-
-
-
-
-
-
234,008
234,008
150,989
381
150,608
150,989

5. Other trading income

Other trading
activities
2023		 31st
December
31st
December
2024
2023
Unrestricted
Restricted
Total funds
Total
funds
£
£
£
£
79,702
-
79,702
81,694
79,702
-
79,702
34,610
81,694
-
81,694

2

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

6. Expenditure

Expenditure on charitable
activities
Wages
Charitable expenditure
Premises
Support costs
Governance
Depreciation
2023		 Expenditure on charitable
activities
Wages
Charitable expenditure
Premises
Support costs
Governance
Depreciation
2023		 Year ended
Year ended
31st December
2024
31st December
2023
Unrestricted
Restricted
Total
Total
£
£
£
£
-
35,365
35,365
31,466
80,644
155,494
236,138
170,517
-
12,400
12,400
11,475
1,680
-
1,680
2,559
500
-
500
650
1,837
-
1,837
9,798
84,661
203,259
287,920
226,465
75,857
150,608
226,465
2023

7. Allocation of governance and support costs

The breakdown of support costs and how these were allocated between governance and other support costs is shown below.

Accountancy Fees
Insurance
Postage, Printing & Stationary		 2024
2023
Support
Governance
Total
Total Basis of
apportionment
-
500
500
650
Nature of expenditure
1,078
-
1,078
1,352
Nature of expenditure

602
-
602
1,207
Nature of expenditure
1,680
500
2,180
3,209

22

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

8. Fixed Assets

Cost
Equipment
£
As at 01.01.2024
6,457
Additions
3,145
As at 31.12.2024
9,602
Depreciation
As at 01.01.2024
5,764
Charge for year
958
As at 31.12.2024
6,722
NET BOOK VALUE
As at 01.01.2024
693
As at 31.12.2024
2,880
. Independent Examiner Fees
Independent Examination Fees		 Equipment
£
6,457
3,145		 Motor
£
Computer
£
33,216
8,169
-
3,512		 Motor
£
Computer
£
33,216
8,169
-
3,512		 Total
£
47,842
6,657
54,499
47,149
1,837
48,986
693
5,513
Year Ended
Total Funds
31st December 2023
£
650
650		 Total
£
47,842
6,657
54,499
47,149
1,837
48,986
693
5,513
Year Ended
Total Funds
31st December 2023
£
650
650
9,602 33,216
11,681
5,764
958		 33,216
8,169
-
879
6,722 33,216
9,048
693 -
-
2,880 -
2,633
Year Ended
Total Funds
31st December 2024
£
500
500
650

9. Independent Examiner Fees

10. Analysis of staff costs

The charity employed staff during the period – 1.5 FTE staff. No staff were paid more than £60,000 per annum.

11. Analysis of debtors

Prepayments
Debtors		 2024
2023
£
£
384
1,777
-
22,217
384
23,994

Prepayments relate to unrestricted funds (2023: Unrestricted)

23

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

12. Creditors: Amounts falling due within one year

Accruals
Other creditors		 2024
£
2023
£
500
650
577
6,417
1,077
7,067

Creditors related to unrestricted (£1,077) funds in 2024 and unrestricted in 2023 (£7,067)

13. Analysis of charitable funds

Analysis of movement in unrestricted funds

UNRESTRICTED
General Fund
Total Unrestricted Funds
Name of unrestricted fund:
RESTRICTED
Hubbub
Jigsaw Homes
MCC/Mcr Active
MCC Youth & Play
Lancashire wildlife
Irwell Valley
Lancashire Cricket
Henry Smith
Lottery
Other
Donations		 Balance as at
Incoming
Resources
Transfers
Balance as at
01.01.2024
Resources
Expended
31.12.2024
82,972
80,321
84,661
-
78,632
82,972
80,321
84,661
-
78,632
Description and nature of fund
Balance as
at
01.01.2024
Incoming
Resources
Resources
Expended
Transfers
Balance as
at
31.12.2024
-
9,693
2,307
-
7,386
-
8,543
8,543
-
-
-
92,690
92.690
-
-
-
37,742
28,412
9,330
-
20,125
1,934
-
18,191
-
3,000
3,000
-
-
-
320
320
-
-
-
33,400
33,400
-
-
-
27,495
27,495
-
-
-
1,000
1,000
-
-
-
4,158
4,158
-
-
-
238,166
203,259
-
34,907		 Balance as at
Incoming
Resources
Transfers
Balance as at
01.01.2024
Resources
Expended
31.12.2024
82,972
80,321
84,661
-
78,632
82,972
80,321
84,661
-
78,632

General fund

The “free reserves” after allowing for all designated funds

24

Rainbow Surprise CIO

Notes to the accounts (continued) for the year ended 31[st] December 2024

Analysis of movement in restricted funds

Name of restricted fund

Description, nature and purpose of fund

Manchester City Council Funds for running costs and cost of living payments Hubbub Catering and warm hub Jigsaw Homes Activities Manchester Active Funds for playscheme Henry Smith Therapy sessions/Core costs Lancashire Wildlife Garden Project Lancashire Cricket Cricket sessions Lottery Running costs Irwell Valley Foodbank

14. Analysis of net assets between funds

Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Total		 Unrestricted
funds
£
Restricted
funds
£
Total
£
5,513
-
5,513
73,812
34,907
108,719
(693)
-
(693)

78,632
34,907
113,539

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year
Adjustments for:
Depreciation charge
Decrease/(increase) in debtors
Increase/ (decrease in creditors)
Net cash provided by / (used) in operating		 2024
£
2023
£
30,567
12,435
1,837
9,798
23,610
(19,811)
(5,990)
4,025
50,024
6,447

25