## 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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## 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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## 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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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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## 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<br>(Notes: 2)|2,451|-|2,451|2,762|
|**Total**|**213,018**|**82,472**|**295,490**|**192,079**|
|**EXPENDITURE ON**|||||
|Raising donations<br>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**<br>**/(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**<br>**CARRIED FORWARD**|**108,383**|**-**|**108,383**|**96,390**|



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## Balance Sheet 

For the year ended 31st December 2024 

|||
|---|---|
||**NET CURRENT ASSETS**<br>98,974<br>-<br>98,974<br>89,574|
||**TOTAL ASSETS LESS**<br>108383<br>-<br>108383<br>96390|
||**CURRENT LIABILITIES**<br>,<br>,<br>,|
||**NET ASSETS**<br>108,383<br>-<br>108,383<br>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 

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## 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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## Notes to the Financial Statements 

For the year ended 31st December 2024 

(cont.) 


## **2 OTHER TRADING ACTIVITIES** 

|**2 OTHER TRADING ACTIVITIES**||
|---|---|
||2024 (£)<br>2023 (£)|
|Other Income|2,451<br>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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## 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<br>-<br>2,762|
|**TOTAL**||
|**EXPENDITURE ON Raising Funds**||
|Raising donations and legacies<br>Charitable activities|83,845<br>10,000<br>93,845|
||129,063<br>9,187<br>138,250|
|Other<br>**TOTAL**<br>**NET INCOME/(EXPENDITURE)**||
|**Other recognised gains/(losses)**<br>Gains on revaluation of fixed assets||
|**Net movement in funds**||
|**RECONCILIATION OF FUNDS**<br>Total funds brought forward|173,029<br>-<br>173,029|
|**TOTAL FUNDS CARRIED FORWARD**|**96,390**<br>**-**<br>**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**<br>**property (£)**<br>**Computer**<br>**Equipment (£)**<br>**Totals (£)**|**Improvements to**<br>**property (£)**<br>**Computer**<br>**Equipment (£)**<br>**Totals (£)**|
|---|---|
|**COST**||
|At 1 January 2024|6,683<br>277<br>6,960|
|Additions|-<br>4,275<br>4,275|
|**At 31 December 2024**|**6,683**<br>**4,552**<br>**11,235**|



## **DEPRECIATION** 

||||
|---|---|---|
|At 1 January 2024||-<br>145<br>145|
|Charge for year||1,002<br>679<br>1,681|
|At 31 December 2024||1,002<br>824<br>1,826|
||||



## **NET BOOK VALUE** 

|||||
|---|---|---|---|
|At|31|December|2024<br>5,681<br>3,728<br>9,409|
|At|31|December|2023<br>6,683<br>132<br>6,815|




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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 (£)<br>2023 (£)|
|---|---|
|Prepayments|1,046<br>651|
|||



## **7 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**YEAR**||
|---|---|
||2024 (£)<br>2023 (£)|
|Trade creditors|5,649<br>3,098|
|Taxation and social security|5,041<br>3,646|
|Other creditors|56,926<br>23,161|
|**TOTAL**|**67,616**<br>**29,905**|
|||



## **8 MOVEMENT IN FUNDS** 

|At|1/1/24|Net movement in|At 31/12/24|
|---|---|---|---|
||(£)|funds (£)|(£)|



|**Unrestricted funds**||
|---|---|
|General funds|96,390<br>11,993<br>108,383|
|**Restricted funds**||
|Designated funds|-<br>-<br>-|
|**TOTAL FUNDS**|**96,390**<br>**11,993**<br>**108,383**|



||Designated funds|-<br>-<br>-||
|---|---|---|---|
||**TOTAL FUNDS**|**96,390**<br>**11,993**<br>**108,383**||
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## 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 (£)**<br>**2023 (£)**|
|---|---|
|Computer Equipment|4,413<br>-|
|Blinds supplied and fitted|-<br>460|
|Website Support|3,000<br>3,000|
|IT support|8,640<br>8,640|
|**TOTAL**|**16,053**<br>**12,100**|




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## Reserves 


||Current Year 2024|2023|% Increase /<br>(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**<br>**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