TRUSTEES’ ANNUAL REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024
We aim to give bereaved children
Contents
of the Financial Statements
For the year ended 31st December 2024
| Reference and Administrative Details | 3 |
|---|---|
| Charitable Objectives | 4 |
| Report of the Trustees | 5 |
| Independent Examiners Report | 6 |
| Impact Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 |
| Reserves | 16 |
| Declaration | 17 |
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 02
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Reference & Administrative Details
For the year ended 31st December 2024
Trustees
G Bariah (resigned 5/6/2025) R Naylor M Wade (resigned 22/6/2024) P Swales V Holmes (resigned 25/7/2024) E Golabek (resigned 16/10/2024)
Principle Address
Suite 645, Milton Keynes Business Centre Foxhunter Drive Linford Wod Milton Keynes Buckinghamshire MK14 6GD
Registered Charity Number
1194917
P McGrath (resigned 20/6/2024) J Pritchard (resigned 31/7/2024) J Leggatt M Jenkins (appointed 23/1/2025) C Washington (appointed 7/11/2024)
Independent Examiner
Ad Valorem Accountancy Services Limited Chartered Certified Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Buckinghamshire MK12 5NN
Bankers
Barclays Bank PLC Leicester LE87 2BB
Pleo 12 New Fetter Lane London EC4A 1JP
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 03
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Charitable Objectives
The aims of the CIO are to provide support and relief for children, young people (up to the age of 25 years) and their families who have been bereaved through the loss of a parent or sibling by:
01
PROVIDING MENTORING, EMOTIONAL WELL-BEING SUPPORT AND ADVICE
through facilitated internal and partner agency support groups, provision of books, resources and via our website and social networking sites
02
PROVIDING RECREATIONAL & LEISURE ACTIVITIES
to children and young people in order to improve their conditions of life and reduce the isolation felt during bereavement by facilitating contact with other children, young people and their families
03
RAISING PUBLIC AWARENESS
of the need for support and guidance and providing information about coping with bereavement
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 04
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Report of the Trustees For the year ended 31st December 2024
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
The aims of the CIO are to provide support and relief for children, young people (up to the age of 25 years) and their families who have been bereaved through the loss of a parent or sibling by:
-
Providing mentoring, emotional well-being support and advice through facilitated internal and partner agency support groups, provision of books, resources and via our website and social networking sites; Providing recreational and leisure activities to children and young people in order to improve their conditions of life and reduce the isolation felt during bereavement by facilitating contact with other children, young people and their families;
-
Raising public awareness of the need for support and guidance and providing information about coping with bereavement;
The objectives shall focus on, but are not restricted to, beneficiaries in Milton Keynes.
The trustees have paid due regards to guidance issued by the Charities Commission in deciding what activities the CIO should undertake.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Related parties
Gulraj Bariah, a trustee of the CIO is also a trustee for Milton Keynes Play Association.
Approved by order of the board of trustees on: 20th August 2025 and signed on its behalf by:
P Swales - Trustee
Independent Examiners Report
For the year ended 31st December 2024
Independent examiner's report to the trustees of The Harrys Rainbow CIO
I report to the charity trustees on my examination of the accounts of
The Harrys Rainbow CIO (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Thomas Foot FCA
Ad Valorem Accountancy Services Limited Chartered Certified Accountants
2 Manor Farm Court, Old Wolverton Road Old Wolverton, Buckinghamshire. MK12 5NN
Date 20th August 2025
Impact Report
To explore the full scope of our efforts and the difference we've made in the lives of grieving children and their families, we invite you to view Harry's Rainbow Impact Report.
This interactive report provides detailed insights into our programs, outcomes, and community impact.
Click to view our Impact report
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 07
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Statement of Financial Activities
For the year ended 31st December 2024
| INCOME AND | Unrestricted | Restricted | 2024 Total | 2023 Total |
|---|---|---|---|---|
| ENDOWMENTS FROM | funds (£) | funds (£) | funds (£) | funds (£) |
| Donations and legacies | 210,567 | 82,472 | 293,039 | 189,317 |
| Other trading activities (Notes: 2) |
2,451 | - | 2,451 | 2,762 |
| Total | 213,018 | 82,472 | 295,490 | 192,079 |
| EXPENDITURE ON | ||||
| Raising donations and legacies |
90,589 | 20 | 90,609 | 93,845 |
| Charitable activities | 104,077 | 52,211 | 156,288 | 138,250 |
| Other | 6,359 | 30,241 | 36,600 | 39,511 |
| Total | 201,025 | 82,472 | 283,497 | 271,606 |
| NET INCOME /(EXPENDITURE) |
11,993 | - | 11,993 | (79,527) |
| Other recognised | ||||
| gains/(losses) | ||||
| Gains on revaluation | ||||
| of fixed assets | - | - | - | 2,888 |
| Net movement in funds | 11,993 | - | 11,993 | (76,639) |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 96,390 | - | 96,390 | 173,029 |
| TOTAL FUNDS CARRIED FORWARD |
108,383 | - | 108,383 | 96,390 |
Harry’s Rainbow Trustee’s Annual Report 2025 | PG 08
Balance Sheet
For the year ended 31st December 2024
| NET CURRENT ASSETS 98,974 - 98,974 89,574 |
|
| TOTAL ASSETS LESS 108383 - 108383 96390 |
|
| CURRENT LIABILITIES , , , |
|
| NET ASSETS 108,383 - 108,383 96,390 |
The financial statements were approved by the Board of Trustees and authorised for issue on 20th August 2025 and signed on its behalf by:
P Swales - Trustee
Harry’s Rainbow Trustee’s Annual Report 2025 | PG 09
Notes to the Financial Statements
For the year ended 31st December 2024
1 ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
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 financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost Computer equipment - 25% on cost
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 10
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Notes to the Financial Statements
For the year ended 31st December 2024
(cont.)
2 OTHER TRADING ACTIVITIES
| 2 OTHER TRADING ACTIVITIES | |
|---|---|
| 2024 (£) 2023 (£) |
|
| Other Income | 2,451 2,763 |
3 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 11
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Notes to the Financial Statements (cont.)
For the year ended 31st December 2024
4 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| FINANCIAL ACTIVITIES | FINANCIAL ACTIVITIES |
|---|---|
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | |
| Other trading activities | 2,762 - 2,762 |
| TOTAL | |
| EXPENDITURE ON Raising Funds | |
| Raising donations and legacies Charitable activities |
83,845 10,000 93,845 |
| 129,063 9,187 138,250 |
|
| Other TOTAL NET INCOME/(EXPENDITURE) |
|
| Other recognised gains/(losses) Gains on revaluation of fixed assets |
|
| Net movement in funds | |
| RECONCILIATION OF FUNDS Total funds brought forward |
173,029 - 173,029 |
| TOTAL FUNDS CARRIED FORWARD | 96,390 - 96,390 |
Notes to the Financial Statements (cont.)
For the year ended 31st December 2024
5 TANGIBLE FIXED ASSETS
Computer Totals (£) Equipment (£)
Improvements to property (£)
COST
| Improvements to property (£) Computer Equipment (£) Totals (£) |
Improvements to property (£) Computer Equipment (£) Totals (£) |
|---|---|
| COST | |
| At 1 January 2024 | 6,683 277 6,960 |
| Additions | - 4,275 4,275 |
| At 31 December 2024 | 6,683 4,552 11,235 |
DEPRECIATION
| At 1 January 2024 | - 145 145 |
|
| Charge for year | 1,002 679 1,681 |
|
| At 31 December 2024 | 1,002 824 1,826 |
|
NET BOOK VALUE
| At | 31 | December | 2024 5,681 3,728 9,409 |
| At | 31 | December | 2023 6,683 132 6,815 |
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 13
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Notes to the Financial Statements (cont.)
For the year ended 31st December 2024
6 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 (£) 2023 (£) |
|
|---|---|
| Prepayments | 1,046 651 |
7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| YEAR | |
|---|---|
| 2024 (£) 2023 (£) |
|
| Trade creditors | 5,649 3,098 |
| Taxation and social security | 5,041 3,646 |
| Other creditors | 56,926 23,161 |
| TOTAL | 67,616 29,905 |
8 MOVEMENT IN FUNDS
| At | 1/1/24 | Net movement in | At 31/12/24 |
|---|---|---|---|
| (£) | funds (£) | (£) |
| Unrestricted funds | |
|---|---|
| General funds | 96,390 11,993 108,383 |
| Restricted funds | |
| Designated funds | - - - |
| TOTAL FUNDS | 96,390 11,993 108,383 |
| Designated funds | - - - |
||
|---|---|---|---|
| TOTAL FUNDS | 96,390 11,993 108,383 |
||
| Harry’s Rainbow Trustee’s Annual Report 2025 | PG 14 |
Notes to the Financial Statements
(cont.) For the year ended 31st December 2024
9 RELATED PARTY DISCLOSURES
The charity has officers in common with Milton Keynes Play Association. There were no other related party transactions for the year ended 31 December 2024.
10 SERVICES PROVIDED TO THE CHARITY
Harrys Rainbow CIO received the following services free of charge with the value being accounted for within the statement of financial activities within these accounts.
| 2024 (£) 2023 (£) |
|
|---|---|
| Computer Equipment | 4,413 - |
| Blinds supplied and fitted | - 460 |
| Website Support | 3,000 3,000 |
| IT support | 8,640 8,640 |
| TOTAL | 16,053 12,100 |
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Harry’s Rainbow Trustee’s Annual Report 2025 | PG 15
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Reserves
| Current Year 2024 | 2023 | % Increase / (Decrease) |
|
|---|---|---|---|
| Unrestricted funds (Reserves) | 108,383 | 96,390 | 11% |
| Restricted / | |||
| - Building fund | |||
| - Education fund | |||
| - Others | 56,926 | 23,161 | |
| Endowment funds | |||
| Total funds | |||
| Ratio of Reserves to Annual Operating Expenditure |
0.56 | 0.69 | 23% |
The reserves that we have set aside provide financial stability and the means for the development of our principal activity. We intend to maintain our reserves at a level which is at least equivalent to 3 months operating expenditure. To:
a. Ensure that services can be maintained during income fluctuations
b. Support cashflow
c. Invest in strategic development
d. Ensure the charity can meet legal and contractual obligations should the organisation cease to exist
We intend to use the reserves in the following manner in 2025.
a. Recruitment of staff
b. Larger premises to be more inclusive and allow for growth in the team
c. Investment into fundraising activity and training
The Board will review the level of reserves, through continuous monitoring of the production of accounts, and at least quarterly to ensure that they are adequate to fulfil our continuing obligations to include the assessment of financial stability and review of income streams, core costs and risks to aid in identifying shortfalls or surplus, throughout the year, and not just at year end.
Declaration
The trustees declare that they approve the Trustees’ report and the financial statements (page 5-15).
Signed on behalf of the charity’s Trustees
�
Name: P Swales - Trustee
Date: 20th August 2025
Harry’s Rainbow Trustee’s Annual Report 2025 | PG 17
Suite 631 Milton Keynes Business centre Foxhunter Drive, Linford Wood MK14 6GD
01908 061676 info@harrysrainbow.co.uk www.harrysrainbow.co.uk
We aim to give bereaved children