TRUSTEES REPORT FOR THE RAINBOW CENTRE, MORECAMBE 2023/24
CHARITY NUMBER 1205361
During this period, we have tasked our manager with addressing the deficit between our running costs and the income the centre generates. This is to be done through a combination of reviewing our activities to look at cost savings and increasing our profile in the local area to take advantage of partnership, earning and generation opportunities. We have experienced a slight growth in our membership and our activities which generates more income from group charges but we have also invested time in engaging more in local networks, social media and advertising. We are already beginning to see benefits from this with new room hire opportunities, new members and new tutors coming on line. We have reduced some of our running costs by producing less printed material in-house, reviewing our suppliers and we are looking at new staffing structures to improve the number of staff hours we have whilst decreasing the amount of wage costs.
Whilst we do run on a deficit, we have healthy investment reserves due to some generous legacies we have received and we are keen to put this to good use. The Board has ringfenced some of these funds to cover wind-up costs, should they ever be needed, a development fund and a building maintenance and improvement fund. We continue to work through a program of maintenance and room improvements to increase the opportunities open to members and the range of activities we can offer.
We are also reviewing the prices we charge for our services as these have stayed static for a number of years and we have been subject to utility cost, staffing and general price rises. We are conscious that our membership is subject to this in their everyday lives so we are trying to minimise and graduate the increases over the next few years. This will take time and we feel it a legitimate use of some of our reserves to subsidise the impact of this on our membership, as long as we are taking measures to mitigate the situation over the next few years.
We have recently carried out a survey of our membership and one of the stand out issues we have is the low number of male members we currently have signed up. At approximately 20% of our membership, this almost exactly mirrors the national average of older male participants in social groups and activities. We are taking measures to attract more men with activities geared towards them and are developing a workshop environment to host these. We hope this will attract more male members and encourage them to take up others activities once they are exposed to other members in the centre.
We are working with Lancaster District CVS to increase our networking in the area and this year has seen us work with Galloways Centre for the Blind, Cumbria University, The Job Centre, Morecambe Winter Gardens and Lancaster Castle. Potential work in our area with the NHS is under development as is our relationship with other organisations such as the Eden Project.
We will continue to develop in theses areas over the next year (2024/25) and hopefully impact positively on our deficit improving our sustainability.
THE RAINBOW CENTRE ACCOUNTS
Statement of Financial Activity for the period ended 31st March 2024
| Income Activities / Groups Bank Interest Catering Donations Events Fundraising Income from Investments Membership Room Hire / Rent Misc Receipts Legacies / In Memoriam Total Income |
Unres | tricted 15253 311 11128 755 970 2896 70000 6144 6245 200 0 113902 |
Restricted Total 0 15253 0 311 0 11128 0 755 0 970 0 2896 0 70000 0 6144 0 6245 0 200 0 0 0 113902 31 March 2024 |
Unrestricted 14881 216 10464 2738 640 1348 0 6248 6615 2159 9043 54352 |
Restricted Total 0 14881 0 216 0 10464 0 2738 0 640 0 1348 0 0 0 6248 0 6615 0 2159 0 9043 0 54352 31 March 2023 |
|---|---|---|---|---|---|
THE RAINBOW CENTRE ACCOUNTS
Statement of Financial Activity for the period ended 31st March 2024
| Expenditure Catering Catering Supplies Premises Costs Heat and Light Insurance Water Rates Cleaning / Hygiene / Maintenance of Building Repairs and Renewals Administration Telephone / Broadband Licences Accounts fees Event Expenses Instructor Fees Miscellaneous Fundraising Cost Advertising Legal & Professional Fees Printing & Stationery Computer Expenses Software Purchase of Equipment (not for sale) Postage Staff Costs Wages, PAYE and other costs Total Expenditure Excess of Income over Expenditure |
Unres | tricted 5578 5423 3259 1516 28359 28097 447 525 230 175 0 1624 450 0 1801 923 80 0 7294 3 61209 146992 |
Restricted Tot 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31 March 2024 |
al 5578 5423 3259 1516 28359 28097 447 525 230 175 0 1624 450 0 1801 923 80 0 7294 3 61209 146992 -33090 |
Unres | tricted 5045 5742 153 1130 1168 36907 600 534 200 976 240 206 175 119 165 196 40 60 940 22 54574 109191 |
Restricted To 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31 March 2023 |
tal 5045 5742 153 1130 1168 0 600 534 200 976 240 206 175 119 165 196 40 60 940 22 54574 109191 |
|---|---|---|---|---|---|---|---|---|
| -54839 |
THE RAINBOW CENTRE ACCOUNTS
Balance Sheet as at 31 March 2024
| £ Fixed Assets Fixtures and Fittings Purchases Depreciation 2150 Net Book Value Computer Equipment Purchases Depreciation 74 Net Book Value Kitchen Refurbishment Purchases Depreciation 541 Net Book Value Total Net Book Value Capital Investments Opening Balance 252889 Income withdrawn Unrealized Capital Gain / (Loss) -50974 Sanlam Closing Balance 201915 Current Assets Bank- Business Tracker 22188 Current Account 14667 Fundraising Account 0 Cash 37 Current Liabilities Net Current Assets Total Assets Approved by the board of trustees ……………………………………………….. |
31 March 2 | £ 024 |
£ 2687 110 676 10910 263582 -10693 201915 79331 14632 0 19 0 36892 249717 ………………………… |
31 March 202 | 3 | £ 13674 |
|---|---|---|---|---|---|---|
| £ 8600 147 2162 36892 0 Date: |
£ 10750 221 2703 93982 0 |
|||||
| 252889 | ||||||
| 0 93982 360545 |
||||||
| …………… |
Independent examiner's report to the trustees of
The Rainbow Centre Morecambe
Charity No. 223933
I report on the accounts for the year 1st April 2023 – 31[st] March 2024
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the 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 you as 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 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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.
Shweta Pankhadiwala
C/o Lancaster District CVS, The Cornerstone Sulyard Street Lancaster LA1 1PX 22nd July 2024
THE RAINBOW CENTRE ACCOUNTS
Statement of Financial Activity for the period ended 31st March 2024
| Income Activities / Groups Bank Interest Catering Donations Events Fundraising Income from Investments Membership Room Hire / Rent Misc Receipts Legacies / In Memoriam Total Income |
Unres | tricted 15253 311 11128 755 970 2896 70000 6144 6245 200 0 113902 |
Restricted Total 0 15253 0 311 0 11128 0 755 0 970 0 2896 0 70000 0 6144 0 6245 0 200 0 0 0 113902 31 March 2024 |
Unrestricted 14881 216 10464 2738 640 1348 0 6248 6615 2159 9043 54352 |
Restricted Total 0 14881 0 216 0 10464 0 2738 0 640 0 1348 0 0 0 6248 0 6615 0 2159 0 9043 0 54352 31 March 2023 |
|---|---|---|---|---|---|
THE RAINBOW CENTRE ACCOUNTS
Statement of Financial Activity for the period ended 31st March 2024
| Expenditure Catering Catering Supplies Premises Costs Heat and Light Insurance Water Rates Cleaning / Hygiene / Maintenance of Building Repairs and Renewals Administration Telephone / Broadband Licences Accounts fees Event Expenses Instructor Fees Miscellaneous Fundraising Cost Advertising Legal & Professional Fees Printing & Stationery Computer Expenses Software Purchase of Equipment (not for sale) Postage Staff Costs Wages, PAYE and other costs Total Expenditure Excess of Income over Expenditure |
Unres | tricted 5578 5423 3259 1516 28359 28097 447 525 230 175 0 1624 450 0 1801 923 80 0 7294 3 61209 146992 |
Restricted Tot 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31 March 2024 |
al 5578 5423 3259 1516 28359 28097 447 525 230 175 0 1624 450 0 1801 923 80 0 7294 3 61209 146992 -33090 |
Unres | tricted 5045 5742 153 1130 1168 36907 600 534 200 976 240 206 175 119 165 196 40 60 940 22 54574 109191 |
Restricted To 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31 March 2023 |
tal 5045 5742 153 1130 1168 0 600 534 200 976 240 206 175 119 165 196 40 60 940 22 54574 109191 |
|---|---|---|---|---|---|---|---|---|
| -54839 |
THE RAINBOW CENTRE ACCOUNTS
Balance Sheet as at 31 March 2024
| £ Fixed Assets Fixtures and Fittings Purchases Depreciation 2150 Net Book Value Computer Equipment Purchases Depreciation 74 Net Book Value Kitchen Refurbishment Purchases Depreciation 541 Net Book Value Total Net Book Value Capital Investments Opening Balance 252889 Income withdrawn Unrealized Capital Gain / (Loss) -50974 Sanlam Closing Balance 201915 Current Assets Bank- Business Tracker 22188 Current Account 14667 Fundraising Account 0 Cash 37 Current Liabilities Net Current Assets Total Assets Approved by the board of trustees ……………………………………………….. |
31 March 2 | £ 024 |
£ 2687 110 676 10910 263582 -10693 201915 79331 14632 0 19 0 36892 249717 ………………………… |
31 March 202 | 3 | £ 13674 |
|---|---|---|---|---|---|---|
| £ 8600 147 2162 36892 0 Date: |
£ 10750 221 2703 93982 0 |
|||||
| 252889 | ||||||
| 0 93982 360545 |
||||||
| …………… |
Independent examiner's report to the trustees of
The Rainbow Centre Morecambe
Charity No. 223933
I report on the accounts for the year 1st April 2023 – 31[st] March 2024
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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the 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 you as 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 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 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.
Shweta Pankhadiwala
C/o Lancaster District CVS, The Cornerstone Sulyard Street Lancaster LA1 1PX 22nd July 2024