# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

**CHARITY REGISTRATION No: 1190457** 

Castle View Accounting Ltd Ground Floor Offices 

53 High Street Arundel West Sussex BN18 9AJ 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

||**CONTENTS**|
|---|---|
|Page 3|Legal & Administrative Information|
|Pages 4|Trustees' Annual Report|
|Page 5|Statement of Financial Activities|
|Page 6|Balance Sheet|
|Pages 7 to 11|Notes to the Financial Statements|
|Page 12|Independent Examiner's Report|



2 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

**CHARITY NUMBER** 1190457 **DATE OF REGISTRATION** 20th July 2020 **START OF FINANCIAL YEAR** 1st January 2025 **END OF FINANCIAL YEAR** 31st December 2025 **TRUSTEES AT 31ST DECEMBER 2025** Mark Prasana Perara Richard Eric Farr Mark Kerry Preston Lucianna Russo-Battagliolo Jaco Luies **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 20th July 2020 

## **OBJECTS** 

The advancement of the Gospel of Jesus Christ for the public benefit and to relieve persons who are in need by reason of their financial hardship, lack of education or poor skills attainment or such other economic or social disadvantage with the view of improving the conditions of life of such persons. 

**CORRESPONDENCE ADDRESS** Garden Flat 54 Parkhill Road London NW3 2YP 

**PRIMARY BANKERS** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 

3 



PARKHILL RAINBOW
TRUSTEEV ANNUAL REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2025
wjvorrwwrt of tho of Jfj￿ ClY¥l It* to rfwjvo •r• HI r•od by re0￿ ol
ir firwwl h¥d5h*), bck lx tlimnt Slth oitw ly xTht ￿￿¥•nI￿e viv
10 Impr￿1￿ (QKKI￿S oflifo ofswh pgrxTh.
Summary olth• I￿nAchI￿n
gr8nt$ lo voriw$ christs.￿ ty".
11 The 8dvarKaThnl ol 01Jo￿8 Cmsl kn th8
111 To rvliev8 r8a8cn ol fThK4BI hwdthp. cl or attAh)mwl cf such
Iru8t886 h8ve lo tho Chwity c￿￿1$6￿.•￿￿ m wt4¢ w¥1 P•rkhill R•irt¥yH.
Tr•Ch¥W• PrI￿1p01 S)w¢••ol Fuhdl
Inv••tm•rf
whs agr80d by ¢tNry TnJ81é•1 •t t￿ 2tr21 11￿ lh￿ 10% be 88ldD To da*- wg hgv• not
Pr1r￿￿1 Ill￿¥ FadTrJ th•Ctrthy
Atmlty of TnJgtoe$ 10 (xmnit irn lo tr• ••wcl• ¢Y Ct•. TP• rol• ol S•utsy rA¥J
&￿id1￿ in Sop 25. kn ¥%JNKJu•l tlk• Chw rdb. l*4JB th• rde ol Sxr•. Ar￿8 10 th8
Chanty'i bank #cewnt h Vested In two drflerert TnJ*e•s.
PollclM•nd Proc•durM Ad¢pt•d lortr• •rnl Tr•lrfThJ•lTriA¢•
cha￿ li L•wl 2 S&f•ou¥éry Ces awiifats.
Rd•tl)n•Np wlth •ny Rd4t•d P•rtl
So¢ro10ry ts r￿￿ted tts èr¥J ofth• mth IPAriTh¥ HtyAe Chvthen Urrknjl.
T*Y) Truth$8r• c(rfThu•d k) Hll*JYJ Clwrcth {A￿l_￿• UK ¥m l*nolcw4 olglthJ Irc¢n Ch•rfty.
¥1** of Ihe slat• o18ftm oltt* CIO In yopwirKJ Ilm fir￿1*1 thl•))ènii th•
tru•tso8 aro requThd lo".
fjn&rKig1 th8 CIO. TMY abo rn4YJW't4è fty the xzots of the CIO aTrJ hfj￿ for I￿tY￿
Sbjned on th8w beh8tf by Tn*leo ..................... ...
PMi•J Nam8.'
flAf2L OZÈg73

## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025** 

|**Notes**<br>**INCOMING RESOURCES**<br>**Incoming Resources from Generated Funds**<br>Donations, Grants & Legacies<br>**3a**<br>Investment Income<br>**3b**<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES EXPENDED**<br>**Costs of Generating Funds**<br>Cost of Charitable Activities<br>**4a**<br>Governance Costs<br>**4b**<br>**TOTAL RESOURCES EXPENDED**<br>**NET INCOMING (OUTGOING) RESOURCES**<br>Funds Brought Forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>8,998<br>-<br>8,998<br>7,708<br>11<br>-<br>11<br>7<br>**9,009**<br>**-**<br>**9,009**<br>**7,715**<br>5,548<br>-<br>5,548<br>2,177<br>840<br>-<br>840<br>720<br>**6,388**<br>**-**<br>**6,388**<br>**2,897**<br>**2,621**<br>**-**<br>**2,621**<br>**4,818**<br>4,884<br>-<br>4,884<br>66<br>**7,505**<br>**-**<br>**7,505**<br>**4,884**|
|---|---|



Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. 

The notes on pages 7 to 11 form part of these financial statements. 

5 



PARKHILL RAINBOW
ICtswitsbl8 ¢￿ganLSatkn￿1
BALANCE SHEET
AS AT 31ST DECEMBER2025
TOTAL
31-Dx-25
TOTAL
31.O•c-24
Flx•d A•￿ts
Tangl￿e Assets
Inv&$trnni$
Totsl Flx*l As•qls
Curr•nt A890ts
Debtors & P￿p3￿M￿)ts
Cash at Bank arKI ￿ Harnl
TIAal Curr•nt A•Mt*
&34S
8.345
8.345
5,604
720
year
NETCURRENT ASSET8
4,884
TOTALM$gT8 luGB ¢Jurrort
4,8
Cr•dltorn'. AmcKJnts in th
ono year
10
NET ASSETS
7.505
4,884
F￿)dI01th• Ch•rlty
GO￿rI Funds
Resthcted FuTras
Tot•1 Fun
7.50$
7.505
4.884
pthtgy No￿￿..
0Ai<S< P<<-a

## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **1. ACCOUNTING POLICIES** 

## **Basis of Preparation & Assessment of Going Concern** 

## **Basis of Preparation** 

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. 

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. 

## **Assessment of Going Concern** 

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 

## **Incoming Resources** 

## _**Recognition of Incoming Resources**_ 

These are included in the Statement of Financial Activities (SOFA) when: 

▪ the charity becomes entitled to the resources; 

▪ the trustees are virtually certain they will receive the resources; and 

▪ the monetary value can be measured with sufficient reliability 

## _**Incoming Resources with Related Expenditure**_ 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. 

## _**Grants and Donations**_ 

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. 

## _**Tax Reclaims on Donations and Gifts**_ 

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. 

## _**Contractual Income and Performance Related Grants**_ 

This is only included in the SOFA once the related goods or services have been delivered. 

## _**Gifts in Kind**_ 

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. 

## _**Donated Services and Facilities**_ 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## _**Volunteer Help**_ 

The value of any voluntary help received is not included in the accounts. 

## _**Investment Income**_ 

This is included in the accounts when receivable. 

## _**Investment Gains and Losses**_ 

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

7 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Expenditure and Liabilities** 

## _**Liability Recognition**_ 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## _**Governance Costs**_ 

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## _**Grants with Performance Conditions**_ 

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. 

## _**Grants Payable without Performance Conditions**_ 

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. 

## _**Investments**_ 

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. 

## _**Unrestricted Funds**_ 

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. 

## _**Restricted Funds**_ 

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. 

## _**Designated Funds**_ 

These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. 

## _**Fixed Assets**_ 

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. 

## _**Depreciation Expense**_ 

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: 

Fixtures, Fittings and Equipment 

25% - Straight Line Basis 

## **2. TANGIBLE FIXED ASSETS** 

The CIO held no fixed assets during this or the previous financial period. 

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2025: None 

31st December 2024: None 

8 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **3. INCOMING RESOURCES** 

|**a) Donations, Grants & Legacies**<br>Gifts & Donations<br>**b) Investment Income**<br>Bank Interest|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>8,998<br>-<br>8,998<br>7,708<br>**8,998**<br>**-**<br>**8,998**<br>**7,708**<br>11<br>-<br>11<br>7<br>**11**<br>**-**<br>**11**<br>**7**|
|---|---|



## **4. RESOURCES EXPENDED** 

|**a) Cost of Charitable Activities**<br>Bank Charges<br>Gifts & Donations<br>Office Costs<br>`<br>**b) Governance Costs**<br>Independent Examiners Fees<br>**9**|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**2025**<br>**2024**<br>£<br>£<br>£<br>£<br>60<br>-<br>60<br>60<br>5,478<br>-<br>5,478<br>2,107<br>10<br>-<br>10<br>10<br>**5,548**<br>**-**<br>**5,548**<br>**2,177**<br>840<br>-<br>840<br>720<br>**840**<br>**-**<br>**840**<br>**720**|
|---|---|



9 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **5. RESTRICTED FUNDS** 

The CIO held no restricted funds during this or the previous financial period. 

## **6. INVESTMENTS** 

The CIO held no fixed assets investments during this or the previous financial period. 

## **7. CASH AT BANK AND IN HAND** 

|Cash at Bank & in Hand|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Fund<br>Fund<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>**£**<br>**£**<br>8,345<br>-<br>8,345<br>5,604<br>**8,345**<br>**-**<br>**8,345**<br>**5,604**|
|---|---|



## **8. DEBTORS AND PREPAYMENTS** 

The CIO held no debtors and prepayments during this or the previous financial period. 

## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Independent Examiners Fees|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Fund<br>Fund<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>**£**<br>**£**<br>840<br>-<br>840<br>720<br>**840**<br>**-**<br>**840**<br>**720**|
|---|---|



## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** 

The CIO held no long term liabilities during this or the previous financial period. 

## **11. NET ASSETS BETWEEN FUNDS** 

|Fixed Asset Investments<br>Net Current Assets<br>Long Term Liabilities|Unrestricted<br>Restricted<br>**TOTAL**<br>**TOTAL**<br>Funds<br>Funds<br>**31-Dec-25**<br>**31-Dec-24**<br>£<br>£<br>£<br>£<br>-<br>-<br>-<br>-<br>7,505<br>-<br>7,505<br>4,884<br>-<br>-<br>-<br>-<br>**7,505**<br>**-**<br>**7,505**<br>**4,884**|
|---|---|



10 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025** 

## **12. STAFF COSTS AND NUMBERS** 

The CIO employed no members of staff during this or the previous financial period. 

## **13. TRUSTEES AND OTHER RELATED PARTIES** 

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. 

## **14. RISK ASSESSMENT** 

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. 

## **15. RESERVES POLICY** 

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. 

## **16. PUBLIC BENEFIT** 

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 

11 



## **PARKHILL RAINBOW** 

(Charitable Incorporated Organisation) 

## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** 

Report to the trustees/ members of Parkhill Rainbow on the accounts for the year ended 31st December 2025 set out on pages 5 to 11. 

## **Respective responsibilities of trustees and examiner** 

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

It is my responsibility to: 

- examine the accounts under section 145 of the Charities Act, 

- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and 

- state whether particular matters have come to my attention 

## **Basis of independent examiner’s statement** 

My examination was carried out in accordance with 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 the 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 in the statement below. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

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

- to keep accounting records in accordance with section 130 of the Charities Act; and 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 

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. 

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 


Date: 11th February 2025 

12