RAINBOW LIVING SW
(A company limited by guarantee)
UNAUDrrED FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021

RAINBOW LIVING SW
UNAUDITED FINANCIAL STATEMENTS
YEAR TO 31sr MARCH 2021
CONTENTS
Page
Legal and Administrative Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-16

RAINBOW LIVING SW
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR TO 31sr MARCH 2021
CHARITY NAME:
Rainbow Living SW
REGISTERED CHARITY NUMBER:
1181195
REGISTERED COMPANY NUMBER:
11297646
REGISTERED ADDRESS:
104, Sweetbriar Lane
EXETER
EX13AR
BOARD OF DIRECTORS:
(Trustees)
Jan Pinniger (Chairman)
Jeremy ch.ew (Secretary)
Ruth Airdrie (Treasurer)
Christopher Eggins
Dave Hopton
Clive Hughes
Tracey Rockey
INDEPENDENT EXAMINER:
Mr M B J Cronin MAAT FCIE
Bowhill Bookkeeping Services
172 Newman Road
Exeter
EX41PQ

RAINBOW LIVING SW
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31ST MARCH 2021
The Directors (Trustees) present their Annual Report together with the financial statements for
the year to 31st March 2021.
The financial statements have been prepared in accordance with the accounting policies set out
on pages 10 and 11. the Memorandum and Articles of Association dated 7th April 2018 and
amended 14th December 2018. the Charities Act 2011, the Statement of Recommended Practice:
Accounting and Reporting by Charities Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1st January 2019) and with the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The financial
statements have also been prepared with the Charities Act 2011 and the small companies regime
(section 419 (2) of the Companies Act 2006.
Structure. Governance and Management
Rainbow Living SW was incorporated as a company limited by guarantee on 7th April 2018 and
registered as a charity on 17th December 2018. The company was established under a
Memorandum of Association which established its objectives and powers of the charitable
company and is governed under its Articles of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £10.
Rainbow Living SW is governed by a Board of Directors. The directors of the company are also
charity trustees for the purposes of charity law. The minimum number of directors must be 5.
New directors (trustees) are appointed by existing directors at an annual general meeting.
The trustees who served during the period and up to the date the report was approved are as
follows:
Jan Pinniger (Chairman)
Jeremy Chew (Secretary)
Ruth Airdrie (Treasurer)
Christopher Eggins
Dave Hopton
Clive Hughes
Tracey Rockey
Paul Winfield (to 22nd May 2020)
Objectives and Activities
The objects of the charity are contained in the company's memorandum of association.
They are: 'To relieve the needs of disabled people by providing assistance and support to enable
them to fulfil their full potential by:
1) Developing their abilities and skills
2) Living as independent a life as the individual's disability shall permit
3) The development and occupation of their minds and bodies by pursuing spiritual,
recreational and employment opportunities
4) Maximising their quality of life
Within a framework which promotes the knowledge and practice of the Christian faith as an
essential element of all aspects of life.,
The charity achieves these objects by providing accommodation, specially adapted where
necessary, to adults with disabilities. particularly learning disability. so that they can live as
independently as possible in supported living in the community, within a Christian ethos.

RAINBOW LIVING SW
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31sr MARCH 2021
Public Benefit
The Trustees have given due consideration to the Charity Commission's published guidance on
the Public Benefit requirement under the Charities Act 2011. The trustees consider that the
activities detailed on the previous page which further the charity's objects fulfil the public benefit
requirement.
Achievements and Performance
The changeover to Rainbow Living SW is now complete. We continue to have different teams
working on Operations. Housing and Development. and Finance and Fundraising, with sub-teams
covering Local Fundraising and Marketing and Communications reporting to the directors and all
major decisions taken at director level. These groups have overseen different aspects of our work
and there has been much happening despite the ongoing pandemic situation.
In late March 2020 the directors of Rainbow Living SW met via Zoom and discussed the
government and Charity Commission guidelines re Covid-19. We have looked at all key risks and
mitigating factors and already have useable information sharing and email decision making
processes in place. In early April we put together and circulated a document applying this advice
in all areas, including providing links to the Charity Commission guidelines and to the government
guidelines for landlords.
All meetings have been held remotely, and we have had deputies ready to stand in if any key
personnel became ill and could not fulfil their role. The AGM was sent out digitally with just a few
months. delay. We adjusted our 2020-21 budget to reflect the potential effects on fundraising and
ensured we had sufficient funds to meet our financial obligations. All future projects were put on
hold. We are confident as a board that we have met all the guidelines for safe working under
government Covid-19 guidelines.
The Operations Group has overseen tenancies and rents. undergone some housing benefit
training. updated policies and managed insurance. The Property Development team and
Maintenance sub team has been responsible for the operational and maintenance demands of
ongoing projects, as well as newtenancies and developing and planning new projects. The Finance
team with the Fundraising sub team has overseen finances and replanned budgets to take the
effect of the pandemic to fundraising and giving into account, as well as developing further online
streams of giving and fundraising.
All directors continue to contribute theirtime and energies on a voluntary basis and we are looking
to fill a vacancy on the board that has arisen this year. We are very grateful to Paul Winfield for his
time and input as a director over the past few years.
Janet Raeburn has continued to work on a consultancy basis in Marketing and PR, strengthening
our social media presence via Facebook. Twitter. Instagram and our webpage content. She is also
the GDPR Data Processor for the charity with the Director Christopher Eggins as the Data
Controller. She has worked on introducing online forms via our website to reduce mail and
paperwork and streamline our data. As Janet was already working remotely this continued as per
normal despite Covid restrictions.
Rainbow Living SW has demonstrated public benefit with employment possibilities in the
community through care providers Livability (formerly Prospects) and Thera South West. At the
beginning of this financial year, we had four houses offering supported living places with security
of tenure for up to 20 tenants. This has continued to increase our public benefit in the community,
meeting the needs of more learning-disabled young adults and their families, and providing
additional employment opportunities for support staff in the Exeter area.

RAINBOW LIVING SW
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31ST MARCH 2021
Additionally, Rainbow Living SW continues to be a point of contact for other families with young
and not so young learning-disabled adults. All face-to-face work was suspended from March 2020.
Instead of visits to a supported living house, there is now an online house tour of our fourth house
on the website and we have begun meeting families interested either on Zoom. or where
regulations permit. face-to-face. Our waiting list has grown in the last year and as we come out of
lockdown, we expect increased interest.
The five tenants in our first project, Rainbow House, will have been housed for 13 years in 2021,
with ongoing support from Livability. The tenants in our second Rainbow House in Torquay are
also supported by Livability. These are the only two supported living units staffed by Livability
in Devon. Our third house in Exeter has 5 tenants supported by Thera South West. The pandemic
meant a delay in some tenants moving in to our fourth house in Exeter, which is also supported
by Thera South West, and we anticipate the last places will be filled by early autumn 2021.
Financially, the houses continue to run on a sound footing with rent paid by the tenants, Housing
Benefit/Local Housing Allowance. The rent income goes towards servicing the mortgages on
Rainbow House One and Four, maintenance on the properties, and furthering our charitable
aims.
This year has seen the success of ongoing fundraising towards converting the empty garage at
our first house into a Sensory Room to meet the needs of the tenants there. All funds have been
raised and we are looking to start and complete the work in 2021.
Our Maintenance group has been unable to complete much redecoration work due to Covid
restrictions, and has limited itself to emergencies, complying with health and safety regulations
for unavoidable works. This will mean a busy 2021/22 year and the following year to maintain
the high standard we aim for in our houses. We anticipate a large project on the roof of our
second house going fonNard into 21122. carried over from last year.
th
Our AGM this year was timed to coincide with our 14 anniversary of becoming a charity. Of
course, we were unable to get together to meet with tenants, care providers and families as we
usually do. However, the silver lining was that our online AGM presentations went out via social
media and reached a much broader audience than we have previously. This will certainly form
part of our AGM going fonNards. although we will reinstate an in-person meeting as well once it
is deemed safe to do so.
The Fundraising team has had to move the majority of fundraising online and the local
fundraising team has been unable to continue tabletop sales. Specific online fundraising was
undertaken through the Big Give Christmas Challenge which was very successful. We were again
the charity of the year for Exeter Golf and Country Club Golf Captains and even though the
fundraising opportunities were greatly reduced due to the pandemic. they raised almost £10,000.
Sale of donated goods via E-bay or through contacts continues.
Our thanks go to all who have raised funds. donated and supported us throughout the challenge
the pandemic has posed to our fundraising efforts. Our main focus for fundraising has been for
the provision of a Sensory Room to improve the health and well-being of our tenants, which has
been supported by grants from the following Trusts and Foundations:
The Norman Family Trust
AIIChurches Trust Ltd
Oliver Ford Foundation
We are also indebted to the Horval Trust and Roger and Jean Jefcoat Trust for unrestricted
donations to the charity.

RAINBOW LIVING SW
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31ST MARCH 2021
Future Plans
The conversion of the garage at our first Rainbow House into a Sensory Room in 2021 will make
available a multi-sensory environment to provide a variety of sensory stimulation for its tenants
with autism and other special needs. The space will be designed to help those using it with
sensory issues to learn to regulate their behaviour and anxieties by developing coping skills for
these experiences. It will provide a quiet and safe place for an individual with special needs to
go when a meltdown occurs. It will offer a unique sensory experience for tenants of all sensory
abilities and be used as for therapy through special lighting. music and objects.
We are also looking towards further possible housing projects for those on our waiting list. and
we are exploring the possibility of smaller units as well as larger houses to offer flexibility to
meet the varying needs for accommodation that exist. So, we look forward to seeing the Sensory
Room take shape this year. to planning future projects, and to looking to meet the needs of those
in the community on our waiting list.
Volunteers
The charity is volunteer-led and relies on volunteers for support in almost all aspects of fundraising
and administration.
As ever, we continue to be grateful for all the volunteers who give their time and expertise to the
activities of Rainbow Living and are encouraged to see growth, which means we can offer support
to more families and people with disabilities, in particular those with learning disabilities in our
area.
Risk Management
The Directors are responsible for risk management within the charity and are aware of the
process to identify and categorise risks to the charity. They have given consideration to the
major risks to which the charity is exposed and as an ongoing process satisfied themselves that
systems or procedures are established in order to manage those risks.
Financial Review
The charitable company made a net surplus in the year of £105.111 (2020 - net surplus £57,647).
Total income was £215,561 and total expenditure was £110,450.
The charitable company carried fonNard balances at the year-end of £1.517,830. of which £32,926
was held in restricted funds. Net current assets totalled £217,770.
In comparing the figures for this year compared to the previous year, it should be noted that the
charitable company was dormant for the first eight months of the financial yearto 31st March 2020.
The financial transactions recorded in the comparatives therefore consist of four months
transactions from the 30th November 2019; the date at which Rainbow Living transferred its net
current assets, equipment and fixtures and fittings to the charitable company (see note 13 on page
15).
th
On 6 April 2020, the transfer of the four properties. 1, The Mede. Whipton. Exeter, 91. Avenue
Road. Torquay. 1. Chantry Meadow, Exeter and 35, Couper Meadows. Exeter and the mortgages
on 1, The Mede and 35, Couper Meadows from Rainbow Living to Rainbow Living SW were
completed (see note 13 on page 15).

RAINBOW LIVING SW
TRUSTEES. ANNUAL REPORT INCLUDING DIRECTORS. REPORT
FOR THE YEAR TO 31sf MARCH 2021
Reserves Policy
The charity's effective reserves at 31" March 2021 totalled £184,644 (net current assets less
restricted and designated funds). Budgets for the current year show a net surplus of £15,713.
Funds will be used for the maintenance and development of the charity's properties and to
service the loans on 1. The Mede and 35 Couper Meadows.
Statement of Trustees. Responsibilities
The trustees (who are also the directors of Rainbow Living SW) are responsible for preparing the
annual report and the accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year.
Under that law the directors have elected to prepare the financial statements in accordance with
United Kingdom Generally Accepted Accounting Practice. 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 charitable company for that period. In preparing these financial
statements. the directors are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity 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 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.
This report, which have been prepared in accordance with the provisions in
2006 relating to small companies, was approved by the trustees on
signed on their behalf by:
he Companies Act
. ￿.￿).J4....and
Mrs J PiJiger
Chairman
Mrs R Airdrie
Treasurer

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
RAINBOW LIVING SW
I report on the accounts of the company for the year to 31st March 2021 which are set out on
pages 8 to 16.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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 your charity's accounts as 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 examinerfs 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:
accounting records were not kept in respect of the Company as required by section 386
of the 2006 act: or
2. the accounts do not accord with those records. or
3. 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
4. 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 I 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.
Mr M Cronin MAAT FCIE
Bowhill Bookkeeping Services
172 Newman Road
Exeter
EX4 1PQ
Date

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BAIANCE SHEET
AS AT 31ST MARCH 2021
Note
At 31st
March
2021
At 31st
March
2020
FIXED ASSETS:
Tangible assets
1.854.269
93,522
CURRENT ASSETS:
Debtors
Cash at bank and in hand
2.363
231.429
1,992
148,120
233.792
150,112
LIABILITIES:
Creditors: Amounts falling due within one year
(16.022)
(5.265)
NET CURRENT ASSETS
217.770
144,847
Creditors: Amounts falling due after one year
(554209)
TOTAL NET ASSErs
1517.830
238,369
THE FUNDS OF THE CHARITY:
Restricted Income Funds
Unrestricted Funds
Designated Funds
32.926
562
1.484.704
200
237.807
1.484.904
237,807
TOTAL CHARITY FUNDS
1517.830
238.369
For the year ending 31st March 2021, the charitable company was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small companies.
The notes on pages 10-16 form an integral part of these accounts.
Responsibilities of trustees
(a) The members have not required the charitable company to obtain an audit of its accounts
for the year in question in accordance with section 476 of the Companies Act.
(b) The trustees acknowledge their responsibilities for complying with the requirements of the
Companies Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to small
companies subject to the small co
approved by the trustees on...l.o...-.
panies, regime and in accordance with FRS 102 and were
and signed on their behalf by:
Mrs J Pinniger
Chairman
Mrs R Airdrie
Treasurer

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021
ACCOUNTING POLICIES
a) Basis of Accounting
The financial statements have been prepared under the historical cost convention with
items recognised at cost ortransaction value unless otherwise stated in the relevant notes
to the accounts. The financial statements have been prepared with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (effective 1st January 2019) and with the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102). The financial
statements have also been prepared with the Charities Act 2011 and the small Companies
regime (section 419 (2) of the Companies Act 2006.
Rainbow Living meets the definition of a public benefit entity under FRS 102.
b) Tangible Fixed Assets: Freehold Property
The charity owns four properties, 1, The Mede, Whipton, Exeter, 91, Avenue Road,
Torquay, 1 Chantry Meadow. Exeter and 35. Couper Meadows. Exeter. All of the
properties are being depreciated at 2 % per annum on a straight line basis.
The transfer of all four properties from Rainbow Living (Charitable Trust) to Rainbow
Living SW took place on 6th April 2020.
The balance brought fonNard consisted of improvementlrefurbishment costs spent on the
property, 35, Couper Meadows from the previous year.
c) Tangible Fixed Assets: Fixtures and Fittings and Equipment
Fixtures and fittings are depreciated at 15% per annum on a reducing balance basis.
Equipment is depreciated at 25% per annum on a reducing balance basis.
Equipment is capitalised when its cost exceeds £500.
d) Debtors and Prepayments
The gift aid debtor is recognised and included as income when there is a valid declaration
from the donor. Prepayments are valued atthe amount prepaid net of anytrade discounts
due.
e) Cash at bank
Cash at bank includes 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.
f) Creditors
Creditors are recognised when the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably. Creditors are normally
recognised at their settlement amount after allowing for any trade discounts due.
g) Income
All income is included in the Statement of Financial Activities when the charity is legally
entitled to the income, receipt is probable and the amount can be quantified with
reasonable accuracy.

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021
ACCOUNTING POUCIES (continued)
g) Income (continued)
Donations are recognised when received by or on behalf of the charity. Gift aid tax
refunds and the gift aid small donations scheme are recognised on a receivable basis.
Gift aid receivable is included in income when there is a valid declaration from the donor.
Any gift aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified othenNiSe.
Grant income is credited in the period in which it is receivable.
Rental income and monies raised from fundraising are accounted for on a receivable
basis.
h) Volunteer help
The value of any voluntary help received is not included in the accounts but is described
in the trustees. annual report.
i) Expenditure
Expenditure is included on an accruals basis.
Raising funds are those costs incurred in fundraising.
Charitable activities are costs incurred by the charity in the delivery of its activities and
services for its beneficiaries.
i) The Funds of the Charity
Funds held by the charity are:
Unrestricted Funds
These are funds that are not subject to any restrictions regarding their use and are
available for application within the charitable objects for the general purposes of the
charity.
Designated Funds
These are funds earmarked by the trustees for specific purposes in the future. The
trustees have the power to re-designate such funds within the unrestricted funds.
Restricted Income Funds
These are funds which can only be used for particular restricted purposes within the
objects of the charity. Restrictions arise when specified by the donor or when the funds
are raised for particular purposes.
k) Financial Instruments
The charity only has financial assets and 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.
LEGAL STATUS OF THE CHARITY
The charity is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding up is limited to £10.

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31sr MARCH 2021
TAXATION
As a charity. Rainbow Living SW is exempt from tax on income and gains falling within
sections 466 to 493 of the Corporation Tax Act 2010 to the extent that these are applied to its
charitable purposes. No tax charges have arisen in the charity.
TANGIBLE FIXED ASSETS
Fixtures
Freehold
Property
Fittings
Equipment
Total
COST
At 1st April 2020
Additions in the period
Transfer from Charitable Trust
61,834
55,607
15.089
907
132.530
907
2.066.248
2,066,248
At 31st March 2021
2,128,082
55,607
15,996
2.199.685
DEPRECIATION
At 1st April 2020
Charge for the Year
Transfer from Charitable Trust
412
42,562
258,356
27.991
4,142
10,605
1.348
39.008
48.052
258.356
At 31st March 2021
301,330
32,133
11.953
345.416
NET BOOK VALUE
At 31st March 2021
1,826,752
23,474
4,043
1.854.269
At 31st March 2020
61.422
27.616
4.484
93.522
DEBTORS
Year to 31st
March 2021
Yearto 31st
March 2020
Other Debtors
Prepayments
953
1.410
307
1,685
2363
1,992
CREDITORS: Amounts falling due within one year
Year to 31st
March 2021
Year to 31st
March 2020
Bank Loan
Other Creditors
Accruals
12.000
1.960
2.062
3,170
2,095
16.022
5,265

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021
CREDITORS: Amounts falling due after one year
Year to 31st
March 2021
Year to 31st
March 2020
Due 2-5 years
Bank Loan
48.000
Due More than 5 years
Bank Loan
Other Loan
223.410
282.799
506209
TOTAL CREDITORS: Amounts falling due after one year
554.209
A loan of £450,000 was established with the Loraine Trust for the purchase of the property 1
The Mede, Whipton, bought for £465,000 and is due for repayment on 28 June 2032. A
further advance of £37.000 was agreed in 2013 on the mortgage of 1 The Mede, Whipton
under the same terms and conditions as the original loan.
A balance of £282,799 was outstanding at the year end. Interest is payable on this loan on a
quarterly basis at 4% per annum. The interest due at the balance sheet date has been
included in accruals.
A loan of £300,000 was established with CAF Bank Ltd for the purchase of the property 35
Couper Meadows, Clyst Heath. bought for £585,000 and is due for repayment on 6th
September 2039. A balance of £283,410 was outstanding at the year end and this is shown
in the financial statements. split between amounts due within 1 year, 2-5 years and more
than 5 years. Interest is payable on this loan on a monthly basis at 2.8% per annum. The
interest due at the balance sheet date has been included in accruals.
The balances on the loan and the bank loan were transferred from Rainbow Living to
Rainbow Living SW on 6th April 2020 as noted on page 15, note 13.

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021
RESTRICTED FUNDS/TRANSFERS BETWEEN FUNDS
Fund
Balances
B/Forward
Transfers
Fund
Between
Balances
Funds C/Forward
Income
Expenditure
Arts and Crafts
Sensory Room: 1. The Mede
Property: 91, Avenue Road
562
562
32.364
34,607
135
(2.243)
(8,755)
8,620
TOTALS
562
34,742
(10,998)
8,620
32.926
ANALYSIS OF FUNDS
Restricted
Funds
Unrestricted
Funds
Total
Funds
Fixed Assets
Current Assets
Creditors: Due within one year
Creditors: Due after one year
1,854,269
200,638
(15,794)
(554,209)
1.854.269
233.792
(16.022)
(554.209)
33,154
(228)
Net Assets
32,926
1,484.904
1517.830
A balance of £562 was carried forward from the previous year to fund arts and craft activities for
adults with learning disabilities. These activities were unable to take place during the year due to
the impact of the Covid 19 pandemic.
Donations, gift aid, grants and fundraising income were received during the year to provide a
sensory room at 1. The Mede. Some fundraising expenditure has been incurred against the
fundraising income leaving a balance carried forward of £32.364 to be spent on this project during
the next financial year.
Some donations and gift aid were given towards the costs of the property 91, Avenue Road. Costs
exceeded the small amounts of income given and a transfer of £8,620 was made from the
unrestricted funds.
DESIGNATED FUNDS
A grant given from the Oliver Ford Trust for £10,000 was designated by the trustees as follows.
£2,200 was designated to be spent on gifts to the care providers. £2.000 was given during the
financial year and the remaining £200 carried forward and subsequently given during the current
financial year. The remaining £7.800 was used in the financial year to offset rental voids at 35,
Couper Meadows.

NOTES TO THE FINANCIAL STATEMENTS
YEAR TO 31ST MARCH 2021
10. RELATED PARTY TRANSACTIONS/TRUSTEE REMUNERATION AND EXPENSES
The following trustees. Jan Pinniger, Christopher Eggins. Ruth Airdrie, and Jeremy Chew
have children who are tenants of the property. 1 The Mede. All rent and contributions for
utilities are being paid directly by the tenants and totalled £28,834 in the year. The rental
costs are being charged at a commercial rate.
Mr Tony Pinniger, husband of trustee Mrs Jan Pinniger has provided electrical services
through his business Tony Pinniger Electrical for the charity in relation to the properties 1,
The Mede and 1, Chantry Meadow. There were 7 transactions totalling £771 in the year and
this included both labour and materials.
A total of £3,036 donation income was given by trustees and related parties without
conditions during the year.
The trustees, insurance includes trustee indemnity insurance.
No further remuneration was paid to any trustee or connected person during the year.
There were no trustee expenses paid forthe yearto 31st March 2021 norfor the period ended
31st March 2020.
11. CONNECTED CHARITIES
The Charity has links with the national charity 'Prospects for People with Learning
Disabilities, now part of 'Livability Group. and 'Thera South-west.. They provide the staff
and pay the staff costs, which support the tenants in daily living.
As stated below at Note 13. the charitable trust. Rainbow Living transferred the remaining
four properties and two mortgages totalling £1.174,350 to Rainbow Living SW on 6th April
2020. AII, 8 of the directorshrustees of Rainbow Living SW were also trustees of Rainbow
Living.
12. ACCOUNTANCY AND INDEPENDENT EXAMINATION
£1,153 was paid to the independent examiner for providing an independent examination to
the charity. The fee included the preparation of the charitable company's financial statements.
13. TRANSFERS FROM CHARITABLE TRUST- RAINBOW LIVING
MERGER OF RAINBOW LIVING AND RAINBOW LIVING SW
At 6th April 2020, the transfer of the remaining four properties, totalling, £1.174.350 consisting
of 1. The Mede, Whipton, Exeter, 91. Avenue Road, Torquay, 1, Chantry Meadow. Exeter and
35, Couper Meadows. Exeter and the mortgages on 1. The Mede and 35. Couper Meadows
from Rainbow Living (Reg Charity No 1116067) to Rainbow Living SW were completed.
This followed the transfer of net current assets, fixtures and fittings and equipment totalling
£180,722 from Rainbow Living (Reg Charity No 1116067) to Rainbow Living SW which had
taken place in the previous financial year.
The merger of Rainbow Living (Reg Charity No 1116067) and Rainbow Living SW was
registered with the Charity Commission on 6th July 2020 having been completed on 6th April
2020.

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