Registered number: 10150311 Charity number: 1173982
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee)
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Directors and advisers | 1 |
| Directors' report | 2 - 4 |
| Directors' responsibilities statement | 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 19 |
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2025
Directors Dr M Bhatnagar, Trustee C M Brandwood, Trustee (appointed 9 May 2025) Dr M H A Chunara, Trustee Dr S Fichera, Trustee Dr M Gozzelino, Chair Dr E Osborne, Trustee Dr N Reji, Trustee (appointed 28 September 2025) M N Spatuzzi, Trustee Company registered number 10150311 Charity registered number 1173982 Registered office Brabners Llp Horton House Liverpool L2 3YL Accountants Langtons Professional Services Limited Chartered Accountants The Plaza Old Hall Street Liverpool L3 9QJ
Page 1
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
DIRECTORS' REPORT FOR THE YEAR ENDED 30 APRIL 2025
The Directors present their annual report together with the financial statements of the Rainbow For Africa UK - RA4 UK Medical Development for the year 1 May 2024 to 30 April 2025. The Annual report serves the purposes of both a Directors' report and a directors' report under company law. The Directors confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Rainbow for Africa UK’s objective is to advance health and save lives by improving access to safe, timely and effective healthcare for vulnerable populations. At present the activities are focused in Kenya. The charity aims to strengthen local health systems through targeted clinical outreach, delivery of essential healthcare services, and capacity-building initiatives that leave sustainable skills within local teams. Activities are designed to deliver clear public benefit, with projects selected and overseen by the trustees and delivered in partnership with trusted local stakeholders.
b. Activities undertaken to achieve objectives
During 2024–2025 the charity delivered its objectives through a combination of fundraising, partnership working, and volunteer-led programme delivery. Key activities included supporting Point-of-Care Ultrasound (POCUS) training for clinicians in Western Kenya, enabling improved diagnostic capacity for maternal/antenatal care. The charity also supported healthcare outreach activity for vulnerable communities in Nairobi informal settlements through local engagement and direct access to basic healthcare and referrals.
c. Main activities undertaken to further the company's purposes for the public benefit
The charity’s main activities in 2024–2025 focused on strengthening healthcare access and quality in Kenya through: (i) delivery of ultrasound training to upskill local clinicians, (ii) collaboration with local partners to provide free or low-cost diagnostic and clinical care through medical camps, and (iii) community-based healthcare delivery in underserved areas including Deep Sea and Kangemi. These activities directly supported earlier diagnosis, safer maternal care pathways, and improved access to clinical assessment for people facing barriers to public healthcare services.
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Achievements and performance
a. Key performance indicators
The trustees assessed financial performance during 2024–2025 using a range of key indicators, including funds raised against fundraising targets, the proportion of expenditure applied directly to charitable activities, and cost efficiency in delivering healthcare outcomes. Total funds raised during the year exceeded initial expectations, supported by the onboarding of new donors and repeat contributions from existing supporters.
Operational performance was monitored through non-financial indicators alongside financial data, including the number of patients supported, healthcare workers trained, and medical interventions enabled through the charity’s programmes. The trustees also reviewed indicative cost measures, such as cost per patient supported and cost per training intervention, to ensure value for money and effective use of charitable funds.
Comparative review against the prior year demonstrated continued growth in activity levels and impact, with a higher level of charitable delivery achieved without a disproportionate increase in administrative costs. The trustees consider the charity to have maintained a strong balance between financial sustainability, cost control, and maximising public benefit during the year
b. Review of activities
The charity made continued progress during 2024–2025 by supporting healthcare improvement activity in Kenya through skills-based training and direct service delivery. The POCUS training programme supported clinicians to strengthen diagnostic capability, including for antenatal and maternal health needs, while outreach activity helped widen access to clinical assessment for vulnerable communities. Trustees reviewed activities during the year through project updates, partner engagement, and review of outcomes to inform planning and improvement for future programme delivery.
c. Investment policy and performance
The charity’s policy is to hold funds primarily in cash at bank to protect capital and maintain liquidity for programme delivery. The trustees do not currently pursue higher-risk investments. Any interest received during the year was incidental and retained for charitable purposes.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
Page 3
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Structure, governance and management
a. Constitution
The Company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 09/03/2017.
The company is constituted under a Memorandum of Association dated 09/03/2017 and is a registered charity number 1173982.
The principal object of the company is to provide charitable medical relief.
b. Methods of appointment or election of Directors
The management of the company is the responsibility of the Directors who are elected and co-opted under the terms of the Articles of Association.
c. Organisational structure and decision-making policies
The charity is governed by a board of directors who collectively hold responsibility for the strategic direction, governance, and oversight of the charity’s activities. Day-to-day tasks and project delivery are managed through small working groups of between two and four directors, established according to skills, availability, and the nature of the work being undertaken. This structure allows the charity to operate efficiently while ensuring appropriate oversight and accountability.
Decisions that affect the charity as a whole, or where collective agreement is required, are taken at formal board meetings. Where a timely decision is required between meetings, matters are discussed and decided through an online voting process using a dedicated WhatsApp group in which all directors participate. This approach enables prompt decision-making while maintaining transparency, shared responsibility, and full director engagement in the governance of the charity.
Funds held as custodian
There are no funds held or managed by someone else on the charity's behalf.
Approved by order of the members of the board of Directors on 5 February 2026 and signed on their behalf by:
Dr M Gozzelino
Director
Page 4
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
STATEMENT OF DIRECTORS' RESPONSIBILITIES FOR THE YEAR ENDED 30 APRIL 2025
The Directors (who are also the directors of the company for the purposes of company law) are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Directors on 5 February 2026 and signed on its behalf by:
Dr M Gozzelino Director
Page 5
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025
Independent Examiner's Report to the Directors of Rainbow For Africa UK - RA4 UK Medical Development ('the company')
I report to the charity Directors on my examination of the accounts of the company for the year ended 30 April 2025.
This report is made solely to the company's Directors, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Directors those matters I am required to state to them in an Independent examinar's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Directors as a body, for my work or for this report.
Responsibilities and Basis of Report
As the Directors of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Dated: 5 February 2026 Stephen Talbot Independent Examiner
Langtons Professional Services Limited Chartered Accountants
Page 6
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
The Plaza Old Hall Street Liverpool L3 9QJ
Page 7
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025
| Note Income from: Donations and legacies 2 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 36,655 36,655 1,002 55,115 56,117 (19,462) 29,467 (19,462) 10,005 |
Restricted funds 2025 £ 22,212 22,212 - 22,212 22,212 - - - - |
Total funds 2025 £ 58,867 58,867 1,002 77,327 78,329 (19,462) 29,467 (19,462) 10,005 |
Total funds 2024 £ 40,070 |
|---|---|---|---|---|
| 40,070 | ||||
| 414 20,457 |
||||
| 20,871 | ||||
| 19,199 | ||||
| 10,268 19,199 |
||||
| 29,467 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 8
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee) REGISTERED NUMBER: 10150311
BALANCE SHEET AS AT 30 APRIL 2025
| Note Current assets Cash at bank and in hand Total net assets Charity funds Restricted funds 8 Unrestricted funds General funds 8 Total unrestricted funds 8 Total funds |
10,005 10,005 10,005 |
2025 £ 10,005 - 10,005 10,005 |
29,467 29,467 29,467 |
2024 £ |
|---|---|---|---|---|
| 29,467 | ||||
| - 29,467 |
||||
| 29,467 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Directors on 05 February 2026 and signed on their behalf by:
Dr M Gozzelino
Director
The notes on pages 10 to 19 form part of these financial statements.
Page 9
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Rainbow For Africa UK - RA4 UK Medical Development meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts, the Directors have considered whether in applying the accounting policies by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.
No restatements were required.
1.3 Company Status
The company is a company limited by guarantee. The members of the company are th Directors named on page 3. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
Page 10
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. Accounting policies (continued)
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Directors' report for more information about their contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Costs of generating funds are costs in attracting voluntary income, and those incurred in trading activities that raise funds.
Charitable activites and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
Page 11
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. Accounting policies (continued)
1.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.
1.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.8 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
1.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. Income from donations and legacies
| Donations Donations |
Unrestricted funds 2025 £ 36,655 |
Restricted funds 2025 £ 22,212 Unrestricted funds 2024 £ 40,070 |
Total funds 2025 £ 58,867 |
|---|---|---|---|
| Total funds 2024 £ 40,070 |
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
3. Net income/(expenditure)
During the year, no Directors received any remuneration (2024 - £NIL). During the year, no Directors received any benefits in kind (2024 - £NIL). During the year, no Directors received any reimbursement of expenses (2024 - £NIL).
4. Auditors' remuneration
The Independent Examiner's remuneration amounts to and Independend Examination fee of £1,750 (2024 -£-).
5. Expenditure on raising funds
Fundraising trading expenses
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Expediture on fundraising trading | 1,002 | 1,002 |
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
5. Expenditure on raising funds (continued) Fundraising trading expenses (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Expenditure on fundraising trading | 414 | 414 |
6. Analysis of expenditure on charitable activities
Summary by fund type
| Direct costs Direct costs |
Unrestricted funds 2025 £ 55,115 |
Restricted funds 2025 £ 22,212 Unrestricted funds 2024 £ 20,457 |
Total 2025 £ 77,327 |
|---|---|---|---|
| Total 2024 £ 20,457 |
7. Analysis of expenditure by activities
| Activities | ||
|---|---|---|
| undertaken | Total | |
| directly | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Direct costs | 77,327 | 77,327 |
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. Analysis of expenditure by activities (continued)
| Direct costs Analysis of direct costs Activities and projects Fundraising events IT costs Sundry costs Travel costs Bank charges Total 2025 Activities and projects |
Activities undertaken directly 2024 £ 20,457 Activities 2025 £ 47,658 8,608 12,714 2,805 5,517 25 77,327 Activities 2024 £ 20,457 |
Total funds 2024 £ 20,457 |
|---|---|---|
| Total funds 2025 £ 47,658 8,608 12,714 2,805 5,517 25 |
||
| 77,327 | ||
| Total funds 2024 £ 20,457 |
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
8. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Reserves Restricted funds Restricted Funds - all funds Total of funds |
Balance at 1 May 2024 £ - 29,467 29,467 - 29,467 |
Income £ 36,655 - 36,655 22,212 58,867 |
Expenditure £ (56,117) - (56,117) (22,212) (78,329) |
Balance at 30 April 2025 £ (19,462) 29,467 10,005 - 10,005 |
|---|---|---|---|---|
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
8. Statement of funds (continued)
Statement of funds - prior year
| Balance at | Balance at | |||
|---|---|---|---|---|
| 1 May 2022 | Income | Expenditure | 30 April 2024 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Reserves | 10,268 | 40,070 | (20,871) | 29,467 |
9. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year General funds |
Balance at 1 May 2024 £ 29,467 - 29,467 Balance at 1 May 2022 £ 10,268 |
Income £ 36,655 22,212 58,867 Income £ 40,070 |
Expenditure £ Balance at 30 April 2025 £ (56,117) 10,005 (22,212) - (78,329) 10,005 Expenditure £ Balance at 30 April 2024 £ (20,871) 29,467 |
Balance at 30 April 2025 £ 10,005 - |
|---|---|---|---|---|
| 10,005 |
Page 17
RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| 10. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 £ Current assets 10,005 Total 10,005 Analysis of net assets between funds - prior year Unrestricted funds 2024 £ Current assets 29,467 Total 29,467 11. Reconciliation of net movement in funds to net cash flow from operating activities 2025 £ Net (expenditure)/income for the year (as per Statement of Financial Activities) (19,462) Net cash (used in)/provided by operating activities (19,462) 12. Analysis of cash and cash equivalents 2025 £ Cash in hand 10,005 Total 10,005 |
Total funds 2025 £ 10,005 |
|---|---|
| 10,005 | |
| Total funds 2024 £ 29,467 |
|
| 29,467 | |
| 2024 £ 19,199 |
|
| 19,199 | |
| 2024 £ 29,467 |
|
| 29,467 |
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RAINBOW FOR AFRICA UK - RA4 UK MEDICAL DEVELOPMENT (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
13. Related party transactions
During the year, the company reimbursed directors £1,865 (2024: Nil) in respect of business expenses incurred on behalf of the company. These transactions were conducted on normal commercial terms, and no amounts were outstanding at the year end.
During the year, the company received £872 (2024: £372) in donation from close relations to directors.
14. First time adoption of FRS 102
It is the first year that the company has presented its financial statements under SORP 2015 and FRS 102. The following disclosures are required in the year of transition. The last financial statements prepared under previous UK GAAP were for the year ended 30 April 2024 and the date of transition to FRS 102 and SORP 2015 was therefore 1 May 2023. As a consequence of adopting FRS 102 and SORP 2015, a number of accounting policies have changed to comply with those standards.
The policies applied under the company's previous accounting framework are not materially different to FRS102 and have not impacted on funds or net income/expenditure.
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