**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