Registration number N1037396 Charity Registration Number: NIC103745 RAINBOW CHILD AND FAMILY CEI NTRE LTD (Company Ilmited by guarantoe) Dlrectors, report and finAnclAI statements for the year ended 31 March 2023
RAINBOW CHILD AND FAMILY CENTRE LTD Con)pany limited by guarantee Confents Page Legal and Adiniiiistrative Inforination Directors, Report Independent Auditor's Report 8-12 Stateiiient of Financial Activities 13 Balaiice Sli¢¢t 14 Casli Flow Staleinent 15 Notes to tlie Financial Statements 16-23
RAINBOW CHILD AND FAIVllLY CENTRE LTD Company limited by guarantee CompAny Information Directors Mairead Doliety Majella Mallet Elisha Mccallion Shauna McDevitt Gerry OY4leill Kieran Sweeney Resigned 14th May 2022 Secretary Pauline Mccauley Resigned 19th March 2023 Charity numbor NIC 103745 Company number N1037396 Registered offi¢e 104 Bracken Park Galliagh Dcrry N Ireland BT48 8AZ Auditors McGroaty Mccafferty & Company Accountants & Registered Auditors 2 Carlisle Terrace Derry BT48 6JX Banlor3 Ulster Bank Da Vincis Complex Culmore Road Derry BT48 8JB Solieitors Hasson & Company 39-41 Clarendon Street Derry BT48 7ER Page I
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Directors, report for the year ended 31 March 2023 The directors present tlieir report and the audited financial statements for the year ended 31 March 2023, Dircctors The directors who served during the year are as follows: Mairead Dohety Majella Mallet Elisha Mccallion Sliauiia McDevilt Gerry O'Neill Kieraii Sweeiiey Resigned 14th May 2022 Structurc? govcrnancc and managcment Raiiibow Cliild and Family Centre Ltd is a charitable companyj limited by guarantee and has no share capital. It is governed by its Meinorandum and Articles of Association. Tlie cliarity is governed by a dedicated board of trustces. A nuinber of the trustees have been involved with Raiiibow Child and Family Centre for many years and are also involved with other community groups in thc local area. Tlie board is inade up of local residents, a local counscllor. a civil servant, an ex-employee and paroiits of current and past users of the c¢ntr¢. Risk Iiiana ement The directors have a risk manageinent strategy which consists of establishing a system of identifying risks and mitigating such risks. Internal control risks are minimised by the implementation of procedures of autliorisation of all transactions and projects. Objectives and Aclivities Ob'ectives Tlie Inaiii aiins ]d objectives of Raiiibow Child and Family Centre Ltd include; * To ¢nhaiic¢ and advaiice tli¢ emotional, intellectual and social development of pre-school and school aged cliildren and youiig people. To improve tlie opportunities and life chances available to parents and carers. To create opportunities to enable people from disadvantaged communities througliout the Greater Sliaiitallow Area and tlie wider Derry Area to access activities, programmes and events to enhanc¢ life experieiices and build relationships and coinmunity cohesion. * To provide all age groups with opportunities for health and wellbeing and cultural experiences in their iininediate commuiiity. To target children and parents wlio are experiencing social exclusion as a result of deprivation, disadvaiitage or disability. * To provide a raiigc of facilities and rooms for diverse services, activities and community functions for cliildren, young people and families promoting community development. * To provide educational opportunities in botli structured and non-structured settings in the community hub. *" To provide opportunities for staff and volunteers to access accredited and non-accredited training to ensure tliey can all provide good quality services including childcare. Page 2
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Directors, report for the year ended 31 March 2023 continued To fill tlie gaps iii cliildcare provision in the area. To create opportunities to enable people from disadvantaged communities throughout the Greater Shantallow Area to access education, training or employinent. * To support einployment growth and facilitate access to lifelong learning. Actlvitieslservlces Prcschool Runniiig Moiiday to Friday froin September to June 9am to Ipm in playroom. Provides high quality care and educatioii for children aged 3 to 4 years, Registered with WHSCT and EA for 24 ¢liildren. We plan cliildreii's learning around 6 areas of the Northern Ireland preschool Curriculum and we provide play bLsed experienced were children are given encouraged to grow, learn and develop. Children are encouraged to develop knowledge of equality, respect and care for each other. We operate an open door policy and a partiiersliip with parents is extremely importance to our practice. Parent and toddler/ St&y and plays Ruiiiiing Fridays from September to June @ 11:30pm to Ipm in the community hub. Qffers cliildreii aiid their pareiits a safe aiid child centred environment that fosters stimulating and challenging activities for all ages and stages aged 04. Parents are encouraged to get actively involved in children leariiiiig. Sessioiis includc inforination Isupport for pareiits and carers regarding child development, childcare. Iieallhl wellbeing botli for the child and tli¢ parent with employment and training support for parents. Crèche Ruiiiiing 5 days weekly in the new Galliagli Cominunity Centre Provides Iiigh quality care for Children aged 10 months to 2 years and 9 months. The crèche provides a stimulating ¢iiviroiiment witli well planned and challenging activities for young children. We provide a rich and varied environinent wliich play a key role in supporting babies and young childrens all round developiiicnt aiid well beiiig. Two year old programme Runiiiiig 3 days weekly in tlie purpose build prefabricated building. Supporting children on their first step in a formal setting to fe¢1 safe. develop an interest in leaming, Develop einotioiial, social and laiiguage skills. Whist encouraging parental involvement to help Strengtlien their capacity to provide a home learning environment that supports learning and development, Our 2 old programines is focused oli building four protective factors associated in the resear¢h literature with lowering rates of cliild abuse aiid neglect and witli oplimising child development. Three year old programme Ruiiiiiiig 5 days weekly in tlie purpose build prefabricated building allowing the children the opportunity to ¢xplore aiid develop a curiosity, creating an early love of learning. The main aitns to support children's development lielp put tliem on the patli to success in later life and help them become ready for fonnal education. Working in partnership with parents to develop an integrated and holistic approach to children's leariiing. Helping the children reach their full potential making the transition into preschool much stnoother. Page 3
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Directors, report for tho y¢ar ended 31 March 2023 continued Afterschools I Summer Scheme Chlld¢are facility Mon to Friday froin September to June @ 2pm to 6pm scliool closures from 8:30am to 6pm * fulltiine sumiiier cliildcare service throughout July and August. Mon to Friday 8:30am to 6pm in the playrooin and coinputer suite area of the building. Tliis service is registered with the WHSCT for 56 children daily aged 4 years to 12 years. Tlie afterscliools I suminer sclieme childcare service enables Rainbow Child and Family Centre to continue to deliver oli our social objectives which include advancing the emotional. intellectual and social development of children and youiig people, improve the opportunities and life chances available to parents and carers, create opportunities for people from disadvantaged communities throughout the BallyamettlGreater Sliaiitallow area to access education, training and employment, to fill the gaps in childcare provision in the are to target cliildreii aiid parentslcarers who al'e experiencing gocial exclusion as a result of disadvantage or disability aiid to support einployment growth and facilitate lifelong leaming. Youtli Provision Rainbow Cliild and FnIlY youth provision includes 3 different age range of youth clubs running 3 days a week froin Septeinber to June in our community hub. The aim of all the clubs is to allow children and young people living in tliis ar¢a of disadvantage the opportunities to reach their full potential by incre&sing the opporluiiities for tliein to b¢tt¢r d¢velop their social and emotional skills. By providing a variety of warm, frieiidly, child centred clubs using both indoor aiid outdoor safe space within our newly built community hub aiid iiitroduciiig thein to a variety of activities and gaines, (both struCtud and free styl¢). All activities and trips organised by qualified. professional staff are offered and they promote their oininunication and interpersonal skills through increased language use, encouraging their interest in art, music, sport, co-operation and team building. They build positive relationships and liave endless opportunities to feel part of a youth cominunity that offers enjoyment, fun, and an encouraging atmosphere tliat IS structured to build confidence and self esteem in children and young people. Saturday Breakfast club Running Saturday @ IOain-12pms September to June for children and young people ages 6-12 years. The brellkfast club is mainly facilitated by the 14+ volunteels with an average attgndanco of 21 children and young people. Summer Sehemo Youth provision The youth prograinine also includes a full summer scheme programme running during the month of July and August foi. 6 weeks offering 3 clubs Mon-Friday. The summer Scheme concentrats on helping children and youiig people in this area Inake better lifestyle choices by providing more opportunities through a full summer sclieme prograi]]me of ev¢iits and exciting full day trips. Engaging them in physical activity and health related activitiesldiscussions that will improve their gross and fine motor skills, coordination, physical fitness. liealtli and inental well being, strengthen tlieir spatial awareness, and increase their self confidence, self esteein, self wortli aiid keep them learning throughout the school break. Page 4
RAINBOW CHILD AND FAIVllLY CENTRE LTD Company limited by guarantee Directors, report ror the year ¢nd¢d 31 March 2023 continued Other Services Older people 50+ years This pi'ograiiime cliaiiges regularly depending on funding and inter¢st at present we run: knit and natter club in tlie computer suite Thursday 7-9pm Silver club iii the coinputer suite Monthly @ 7-9pm learning computer skills Wollbeing club For the past 12 years Rainbow Child and Family Centre facilitates the Wellbeing club. The group meets weekly on Wednesday @ 7-9pm in the community hub, With a weekly discussioii around healthy eatInexerCISel Inental liealtli/ issues like cancer. It has health MOT'S twice annually with local nurses checking blood pressure, blood sugar and cholesterol. Winter Wonderlthnd Festivlll Runiiiiig for 6 days in December we turn the Rainbow Coinmunity Hub and outdoor area into a Winter Woiidcrland attractiiig 1500+ families froin tliroughout the city and beyond annually i (lucatlonl Tralnliig We aiiiiually run traiiiing to early years providers with 20 places per course, running over 4 evening in the playrooin includiiig: rood Hygieiie First aid and paediatri¢ rirst aid Tlirougli the Pathway, Good relations and EA and Comic Relief funding we were able to run a variety of pareiitiiig classes witliiii tlie centre. Tliese included the Big bedtime read, dummy do's and don'ts, bullying, respectiiig differences and iinportance of play. Througli funding from TEO for tlie Good Relations Winter Wonderland event we were able to run a variety of training. Each course was 2- 3 nights for 2-3 Iiours per session. Tliis trainiiig was cross cominunity and intergeiierational and liad an average attendance of 16 per session. This traiiiing took place throughout the buildiiig and included cliild protection, Iiealth aiid safety, risk assessment, customer cares, story telling traiiiiiig aiid drama. We completed a variety of in Iiouse training to ensure all 28 staff are able to ensure our high standards of work is adhered to including maiiaging difficult behaviour, health and safety and risk assessment. Achievements and performance In 1985, 37 years ago Rainbow Child and Family Centre started as a playgroup set up by local parents. In 2001, we received fundiiig froin Big Lottery to build a purpose built facility for our after-schools and summer sclieine programmes aiid playgroup. Tlirougliout the years we have developed our services to meet the needs in our coinmunity. Page 5
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Director&, report ror the year ended 31 March 2023 continued In 2015. we acquired laiid adjaceiit to our existing centre and secured £348,000 from Department of Social Developinent to build ali extension to our building. The new Community Hub opened on 3 February 2015 doubliiig our available space and allowing us to start working in pathership with local residents and groups to provide a greater range of programmes, clubs, activities and annual events. In 2018, we acquired Inore froin the NIHE and were successful in a grant of £150,000 from Weston Aniiiversary fuiid to build a new outdoor play area, We also received funding for an additional prefabricated building as we had outgrowii our space. In 2019, we acquired an additional prefabercated building from Department for Cominunities funding as we Iiad out grown tlie building. Plans for the future perlods In tlie iiext year we plan to continue to work iii partnership with local residents and local groups in the area to keep offering and expanding our range of wanted and needed activities, prOgrllmes, and services for all cliildren, young people and families living within the Shantallow West and wider Ballyarnett area. Woi"kiiig with stalutory bodies. service providers and community organisations across the arca we want to coiitiiiue to usc the space to support coillinuiiity and neighbour activity to enharAce health. wellbeing. and social inclusioii. We are now able to offer an array of services, activities, facilities and workshops to suit ¢veiyone aged froin O to 90 years and plan to continue to do so for at l¢ast th¢ next 30 years. Financial revlcw Tlie results for tlie financial year ended 31 st March 2023 are on pages 13 to 23. Tlic directors aim to hav¢ a casli reserve covering at least 6 months expenditure at any given time. Directors Rcsponsibilities In Relation To The Flnancial Statements The directors are respoiisible for preparing the Aiinual Report and the financial stateinents in accordance with applicable law aiid United Kiiigdoin Accountiiig Standards (United Kingdom Generally Accepted A¢couiiting Practice), Coinpaiiy law requires the directors to prepare financial stateinents for eacli financial year. Under coinpaiiy law the directors Inust not approve the finaiicial statements unless they are satisfied that tli¢y give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, iii¢luding the income and expenditure, of the charitable company for that period. In prepariiig tlies¢ financial stateineiits, tlie directors are required to: select suitable accounting policies and apply them consistently. Inake judgeInents and estiinates that are reasonable aiid prudent. observe metliods and principles in tlie charities SORP 2019 (FRS 102). state wliether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explaiiied iii tlie financial statements. prepare tlie financial stateinents on the going concern basis unless it is inappropriate to presume that tlie company will continue in business. Page 6
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Directors, report for the year ondod 31 March 2023 oiitinued Tlie board of directors are responsible for maintaining proper accounting records that are sulTicient to show aiid explain the charity's transactions aiid disclose with reasonable accuracy at any time the financial position of tlie cliaritable coinpany and to enable them to ensure that the financial statements comply with Companies Act 2006. Tlie Board is also responsible for safeguardiiig the assets of the charitable company and hence for taking reasoiiable steps for the prevention and detection of fraud and other irregularities. Statemciit of dlsclosure of Information to auditor8 We, tlie directors of the company wlio Iield office at the date of approval of these Financial Statements, as set out above, eacli coiifirin so far as we are aware, tliat; So far as we are aware, there is 110 relevant audit information of which the company's auditors are unaware. and as tlie directors of the coiiipany, we have taken all steps we ouglit to have taken in order to make ourselves aware of aiiy relevant audit information aiid to establi511 that the ¢harity'S auditors are aware of that iiiforination. Auditor's: McGroarly Mccafferty & Company are deeined to be reappointed in accordance with Section 487 (2) of the Coinpanies Act 2006. The report is prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 r¢lating to sinall coinpanies and in accordance with SORP 2019 (FRS102). Tlie finaiicial statements were approved and authorised for issue by the board on 27 November 2023 and 5igiied on its bclialf by; Dire or Director m&JELLA O trJEILL Page 7
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Independent auditor's report to the directors of RAINBOW CHILD AM) FAMILY CENTRE LTD Opinion We have audited the financial statements of RAINBOW CHILD AND FAMILY CENTRE LTD for the year elided 31 Marcli 2023 which comprise the Statement of Financial Activities. the Balance Sheet, the Cashflow Stateinent and tlie related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountiiig Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK aiid Republic of Ireland Tliis report is Inade solely to Ilie cliaritable company's directors, as a bodyg in accordance with Chapter 3 of Part 16 of tlie Coinpaiiies Act 2006. Our audit work has been undertaken so that we might state to the charitable coinpaiiy's directors those matters we are required to state to them in an auditor's report and for no other purpose. To tlie fullest extent perinitted by law, we do not accept or assume responsibility to anyone otlier than tlie cliaritable compaiiy and the charitable company's directors as a bodyg for our audit work, for this repo¢ or for the opiiiioiis we liave foi'med. In our opinion the financial stateineiits: give a true aiid fair view of tlie state of the charitable company's affairs as at 31 March 2023, and of its incomiiig resources and expeiiditure of resources. including its incoinc and expenditure. for the year then ended. have beeii properly pr¢parcd in accordance with United Kingdom Generally Accepted Accounting Practice. aiid liave been prepared in accordance with the requireinciits of the Companies Act 2006. Basis for opinion We coiiducled our audit iii accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under tliose standards are further described in the Auditor'5 responsibilities for Ilie audit of tlie fiiiancial statements section of our report, We are independent of the charitable company in accordaiice willi the ethical requireinents that are relevant to our audit of the financial stateinents in the UK, iiicluding tlie fRC's Etliical Standard, and we have fulfilled our other etliical responsibilities in accordance with tliese r¢quir¢ineiits. We believe tliat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions i'elatlng to golng concern In auditing tlie fiiiancial stateinents. we have concluded that the directors, use of the going concern b&sis of accountiiig in tlie preparation of tlie fiiianciRI stateinents is appropriate. Based oil tlie work we Iiave performed, we have not identified any material uncertainties relating to events or conditions tliat, individually or collectively, may cast significant doubt on the charitable company's ability to coiitiiiue as a goiiig concern for a period of at least twelve months from when the financial statements are autliorised for issue. Our responsibilities and the respoiisibilities of the directors with respect to going concern are described in the relevaiit sections of this report. Page 8
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Other information Tlie directors are responsible for tlie other information. The other information comprises the information iiicluded in tlie directors, annual report, other th] the financial statements and our auditorfs report thereon. Our opinion 011 the financial statements does not cover otlier inforination and, except to the extent otherwise explicitly stated in our report, we do not express any form of assui'aiice conclusion thereon. Iii connection witli our audit of the financial statements, our responsibility is to read the other information and, in doiiig so, coiisider wliether tlie otlier information is materially inconsistent with the financial statemeiits or our kiiowl¢dg¢ obtained in tlie audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a Inaterial Inisstateinent in tlie financial stateineiits or a Inaterial misstatement of the otlier information. If. b&5ed oli tlie work we have performed, we conclude that there is a material misstateinent of this Other information, we are required to Irport that fact. We liave notliing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinioi) based on the work undertakeii in tlie course of the audit: the information given in the Directors, Annual Report for the financial year for which the financial stateinents are prepared is consistent with the finaiicial statements. and tlie Directors Annual Report has been prepared in accordance with applicable legal requirements. Mattcrs on wlilcli we are required to report by exception Iii tlie light of our knowledge and understanding of the charitable coinpany and its environmeiit obtained in the course of Ilie audit, we liave not identified material Inisstatements in the Directors Annual Report. We liave i)otliing to report in respect of tlie following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accouiitiiig records have not been kept: or tlie financial stateinents are not in agreement with tlie accounting records and returns. or certain disclosures of directors, Kmuneration specified by law are not made. or we liave not received all the information and explanations we require for our audit. or the directors were not eiititled to prepare tlie financial statements in accordance with tlie sinall companies regiIne and take advarttage of tlie small companies exeinption from the requirement to prepare a strategic report. Page 9
RAINBOW CHILD AND FAMILY CEI NTRE LTD Company limited by guarantee Responsibilities of thc directors As explained Inore fully in the Directors, Responsibilities Statement set out on page 6, tlie directors (who are also tlie directors of tlie charitable company for the purposes of company law) are responsible for the preparation of tlie financial statements and for being satisfied that they give a true and fair view, and for such internal control as tlie directors deterinine is necessary to enable tlie preparation of financial statements that are free from material Iiiisstateinent, wliether due to fraud or error. In pi'eparing Ilie fiiiaiicial stateinents, the directors are responsible for assessing tlie charitable company's ability to coiitiiiue as a going concern, disclosing, as applicable, matters related to going concern and using the going coiicerii basis of accounting uiiless tlie directors either inteiid to liquidate the charitable company or to cease opei'atioiis, or Iiave iio realistic alteriiative but to do so. Auditor's rcsponslbllltles for the audlt of the flnanclal statcmonts Oui. objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from matcrial iiiisstatement, wliether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasoiiable assurance is a higli level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material niisstatement when it exists. Misstatements can arise froin fraud or error aiid are coiisidered Jnaterial if, individually or in the aggregate, they could reasonably be expected to influeiicc the ecoiioinic decisions of users taken on the basis of these financial stateinents. Explanation as to wliat extent the audit was considered capable of detecting irregularltles, Including rraud; Irregularities, including fraud, are instaiices of iion-compliance with laws aiid regulations. We design procedures iii line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, iiicludiiig fraud. However, tlie priinary responsibility for tlie prevention and detection of fraud lies with maiiageinent and the board of directors of the charitable company. Identifying and assessing potentlal risks related to Irrcgularltles In identifying and assessing risks of material inisstatement in respect of irregularities, including fraud and iioii-coinpliance witli laws and regulations, we considered the following; tlie Iiature of tlie industry, sector and the specific control eiivironment which it operates in. tlie charities owii assessineiit of Ilie risks tliat irregularities may occur, eitlier as a result of fraud or error: repi'eseiitations and results from our enquiries with management and tlie board of directors regarding their own id¢iitificatioii and assessment of the risks of irregularities; enquiries of Inanagemeiit relating to a¢couiiting ¢stimates measurements, recognition criteria and justification of such amounts. aiiy matters we have identified having obtained and reviewed the Cliarities policies and procedures relating to. identifying and assessing if laws and regulations are compliant and whether they are aware of any instances of non-compliance. * detection and response to the risk of fraud aiid whether they are aware of any actual, suspected or alleged fraud instances" * tlie iiiternal coiitrols designed to mitigate risks or fraud or non-compliance with laws and regulations. and to IT] iniinise risk of management overrides of such controls. Page 10
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee all Inatters discussed among tli¢ audit cngag¢mcnt team regdIng how and where fraud could ofjcur and the potcntial indicators of fraud. As a result of tliese procedures, we considered the opportunities and incentives diat may exist within tlie charity for fraud. The audit iiiclud¢d assessing the procedures and evaluating the measurement of estimations. In coininon witli all audits under ISAS (UK), we are also required to perforn] specific procedures to respond to tlie risk of iiianageinent override. We also obtained ali uiiderstanding of the legal and regulatory frameworks applicable to the charity and considered that tlie Inost sigiiificaiit are the UK Companies Act 2006, SORP 2019 (FRS 102) and Charities Act (Noitlierii Iirland)2008. Audit responscs to risks identified Our procedures to respond to risks identified iiicluded the following: reviewiiig tlie finaiicial statement disclosures, testing the relevant documentation to assess compliance with the sign ificaiit laws aiid regulations - tliose described as having a direct effect on the financial statements, enquiriiig witli Inanageinent aiid obtaining third party confirmation from the Charities Solicitors regarding any aelual or poteiitial litigatioii and ¢laiins; p¢rfoi-Ining aiialylical procedures to identify any unusual or unexpected relationships tliat may indicate risks of niaterial misslatemeiit due to fraud. reading Ininutes of board and manageinent meetings, examine forecasting material in liiie with actual perforinance, identifying any potential fraud indicators or instances; reviewing Coinpaiiies House and Charity Commission Nortli¢rn Ireland correspondenc¢, identify any late subinissions or oinissioiis of mandatory information. review correspondence witli HMRC, ideiitifying non compliance of specific infonnation to be disclosed; in addressiiig tli¢ risk of fraud through maiiagemeiit override of controls. testing the appropriateness of data eiitries aiid adjustmeiits. &ssessing wliether the judgeinents made in making accounting estimates are indicative of a potential bias. and evaluating tlie rationale of any significant transactions that are unusual or outside the normal ourse of the Charities objectives. We also commuiiicated relevaiit identified laws and regulations and potential fraud risks to all engagement team Ineinbers aiid reiiiained alert to any indications of fraud or noncompliance with laws and regulations througliout tlic audit. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professioiial scepticisin tlirougliout the audit. We also: Identify aiid &ssess the risks of inaterial misstatement of tlie financial statements, whether due to fraud or error, d¢sigii and perforin audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. Tlie risk of not detecting a inaterial misstatement resulting from fraud is Iiiglier tlian for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, Inisrepreseiitations. or tlie override of iiiternal control. Obtaiii ali understaiiding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the cliaritable coinpany's internal control. Page 11
RAINBOW CHILD AND fiAMILY CENTRE LTD Company limited by guarantee Evaluate tlie appropriateness of accounting polici¢s used and the reasonableness of accounting estimates and related disclosures made by tlie directors. Coiiclude oli the appropriateness of the directors, use of the going concern basis of accounting and, based on the audit evidence obtained, wliether a inaterial uncertainty exists related to events or conditions that may cast sigiiificant doubt on tlie charitable company's ability to Gontinue as a going concern. If we conclude that a Iiiatei'ial uncertainty exists, we are required to draw attention in our auditor's report to the related disolosures in tlie financial stateinents or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on tlie audit evideiice obtained up to the date of the auditorfs report. However, future events or conditions Inay cause tlie cliaritable coinpany to cease to continue as a going Concern. -Evaluate Ilie overall preseiitatioii, structure and content of the financial stateinents, including the disclosures, and wlietlier tlie financial stateinents represent the underlying transactions and events in a manner that achieves fair preseiilatioii. We cominunicate with those cliarged witli governance regardingy among other inatters, the planned scope and tiiijiiig of tlie audit and sigiiificant audit findings, including any significant deficiencies in internal control that we ideiitify during our audit. Patrick McGroarty Seiiior Statutory Auditor for and on bchlllf of McGroarty Mccafferty & Company StAtutory Auditor 2 Cgrlisle Terra¢e Dorry BT48 6JX Dat¢d: 27 November 2023, Page 12
RAINBOW CHILD AND FAMILY CEI NTRE LTD Company limited by guarantee Statement of Financial Activities for tlie y¢ar ended 31 Mar¢h 2023 Total Funds 2023 Total Funds 2022 Unrestricted Funds Restricted Funds Income and Expenditure Incoining Rosources Cliaritable activities 360,719 280,668 641,387 429,250 Total Incomfing Rcsourcos 360,719 280.668 641,387 429,250 Resources xpended Maiiageineiit & Adiiiiiiistration 349,489 181,018 530,507 445,353 Total Resources Expcndcd 349,489 181,018 530,507 445,353 Net Incomlng l (Outgolng) Resources 12 11.230 99,650 110,880 (16,103) Balances brouglit forward l April 2022 80,524 625,694 706.218 722,321 Balaiices cari'ied forward 31 March 2023 91,754 725,344 817,098 706,218 Tlie above ainouiits relate to continuing operations of the charity. Tlie cliarity lias iio recognised gaiiis aiid losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented. There is no difference between th¢ net iii¢omiiig rcsources for the year stated above and their historical cost equivalents. Page 13
RAINBOW CHILD AND FAllllLY CEI NTRE LTD Company limited by guarantee Balance Sheet as at 31 March 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Casli at baiik and in Iiaiid 682.827 592,636 77.081 61,150 40,643 74,859 138.231 115,502 Creditors: amounts falllng due within one year 10 (3,960) (1,920) Net current AS$Qts 134.271 113.582 Total asscts less current liabilities 817.098 706,218 Net assets 817,098 706,218 ri unds Restricted Uiii'estri¢ted 725.344 91,754 625,694 80,524 11 817,098 706,218 Tliis report is prepared in accordance with the speoial provisions of Part 15 of the Companies Act 2006 relatiiig to sinall coinpanies and tlie Cliarities SORP 2019 (FRS 102). The fiiiaiicial stateinents were approved ]d autliorised for issue by the Board on 27 Noveinber 2023 and sigiied on its behalf by: Djr ctor irector G&iq o LI Company Number: N1037396 The notes on pages 16 to 23 form an integral part of these fillancial statements. Page 14
RAINBOW CHILD AND FAlliItLY CENTRE LTD Company liniited by guarantee Cash flow statement for the year ended 31 M8r¢h 2023 2023 2022 Notes Reconciliation of operatlng activities Opei'atiiig loss Depreciation (Iiici'ease) iii debtors Iiici'ease in creditors 110,880 22,852 (36,438) 2,040 (16,103) 20,871 (6,044) 180 Net cash outflow from operatlng actlvltlcs 99,334 (1.096) Cash flow statement Net casli outflow from operating a¢tivities Capital expeiiditure Disposals 99,334 (113.043) (1,096) (18.960) 162 Deerease in cash in the y¢ar (13,709) (19,894) Recoiicillatlon of nct cash flow to movement in net funds Oyote 13) Dccrcase In cash fin the year Net funds At l Aprll 2022 Net funds at 31 Mareli 2023 (13,709) 74,859 (19.894) 94,753 61,150 74,859 Page 15
RAINBOW CHILD AND FAMtLY CEI NTRE LTD Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 Genoral information Tlie cliarity is a private limited company by guarantee, registered in Northern Ireland and a registered cliarity iii Northei'n Ireland. The address of the registered office is 104 Brdcken Park, Galliagh, Derry, Nortliern Ireland, BT48 8AZ. 1.1. Accounting eonvention Tlie priiicipal accounting policies adopted in the preparation of the financial statements are set out below and liave reinaiiied unchaiiged from the previous year, and also have been consistently applied witliin I'lie same accouiits. The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared iii accordance with the accouiiting policies set out in notes to the accounts and comply witli the cliarity's governing docuinent. tlie Charities Act (Northern Ireland) 2008 and 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 Ire1]d publislied in October 2019 (SORP 2019) and the Companies Act 2006. Tlie fiiiaii¢ial statemeiits arc prcpared on a going concern basis under thc historical cost coiivention modified to include tlie certain items at fair valu¢. The financial statements are presented in sterling which is the functioiial curreiicy of the charity. Incomlng rcsourccs All iiicoming resources are included in the statement of financial activities wlien the charity is entitled to the incom¢ and th¢ amount ¢an be quantified with reasonable accuracy. The following specific policies are applied to particular categories of incoine: Voluiitary incoine is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants wh¢re entitlement is not ¢oiiditional on the d¢liv¢ry of a specific performance by the charity are recognised when the oharity becom¢s Iincoiiditioiially entitled to the grant. Doiiated services aiid facilities are included at tlie value to the charity where this cali be quantified. The value of the services provided by tlie volunteers lias not been inGlud¢d. Gifts donated for resale are iiicluded as ii)coining resources within the activities for generating funds wlien tliey are sold. Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of fiiiancial activities iii tlie year in which they are receivable. Incoine froin investments is included in the year in wlii¢h it is receivable. 1.3. Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT wliich caniiot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incuried by the charity in the delivery of its activities and services for its benefIciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect iiature necessary to support them. Page 16
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantce Notes to the financial statements for tbe year ended 31 March 2023 continued 1.4. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the cliarity and which hav¢ not been d¢signat¢d for other purposes. Reslricted funds are fuiids which are to be used in accordance with specific restrictions imposed by doiiors or wliicli Iiave been raised by the charity for particular purposes. The cost of raising and adiniiiisteriiig su¢li fuiids are Cliarged against the specific fund. 1,5 Tanglblc fixed assets and depreciation Taiigible fixed assets al'e stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Leaseliold Property Fixtures. fittings and equipinent Molor Vehicles 250/0 reducing balance 25 % reducing balance 20 % straight line 1,5. Casli at bank Casli at bank aiid c&sh equivalents are stated at cost at the financial year end. 1.6. Dcbtors & credAtors Debtors aiid creditors witli no stated interest rate aiid receivable or payable within one year are recorded at transaction price. Anylosses arising froin iinpairment are recognised in expenditure. 1.7. Company status Tlie cliarity is a coinpany liinited by guarantee aiid does not liave a share capital. 1.5 Pensions Contributions to auto enrolment pension scheines are recognised as an expenses in the period in which tlie related service is provided, 1.8. Going concern Tlie fiiiancial stateinents Iiave been prepared on a going concern b15 as th¢ directors believe that iio Inatcrial uiiccrtaiiities exist. Tlie directors have considered tlie level of funds held and the expected level of incoine and expenditure for 12 inonths from authorising these financial statements. The budgeted incoine and expenditure is suffIci¢nt with the level of reserves for the charity to be able to continue &s a going concern. Page 17
RAIINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Notes to the financial statements for the year ended 31 March 2023 coiilinued Unrestrlct¢d Restrlcted Total Income Income Funds 2023 2023 2023 Total Funds 2022 Incoming Resources Incomin resourcos from charitable activlties DFC (Car Park) ARCS Greater Shantallow Area Partnersliip DENI Coinic Relief Policing Coinmunity Safely Partiiersliip Education Autliority Youth Tlie Exccutive Office-Good Relations Cliildren in Need Early Years Derry City aiid Strabane District Council PHA-Clear Pathway Fund Irisli Youtli Foundation The Early Years NHIP-H¢altli Initative HSCB Jobstart 113,042 113.042 2.000 2,000 2,945 2.945 17.355 17.355 43,759 43,759 2.068 2,068 8.802 8.802 24,144 24,144 4,000 22,434 42.618 15,551 20,102 22.347 I2.902 10,219 10.219 8,000 8,000 4,986 4,986 30.000 30.000 5,000 5,000 12.077 4,956 30,000 13,626 1,400 2,272 18,205 8,348 8,348 280,668 280,668 222,490 Volunta Income Western Education & Library Board-PEAGS Garfield Weston Cominunity Foundation Nl KEADUE Otlier iiicome CJRS Shantallow Coiiiinunity Resideiits Association Doiiations Childcare and playgroup fees 53,259 25.000 9,984 25,913 53,259 25,000 9.984 25,913 46,745 1,695 9,309 2,160 146,85 246,563 246,563 Total 360,719 280,668 641,387 429,250 (i) Restrieted Funds Fuiids received wliich are earinarked by tlie Funder for specific purposes. Such purposes are within tli¢ overall aiins of the organisation. Page 18
RAINBOW CHILD AND fiAMILY CENTRE LTD Company limited by guarantee Notes to the financial statements for the year ended 31 Marcli 2023 continued (li) Unrestrlcted Funds Funds wliich ar¢ expendable at the discretion of the company in furtherance of the aims of the cliarity. Iii additioii fuiids Inay be held in order to finance capital investment and working capital. Resources Ei xpended Unrostri¢ted Funds Rostrlcted Funds Total 2023 TotAI 2022 Management & Admlnlstrotlon Wages & salaries Staff pension cosls Staff training Rates and water Iiisuraiice Ruiiiiin&F Costs Outiiigs and events Repairs & inaiiiteiiaiice Equipineiit and Jnaterials New Ceiitr¢ Statioiiery & postage Milk and siiack5 Travel Audit fe¢s Accountancy Bank cliarges Gcneral Expeiises Subscriptions & memberships Profitsllosses oli disposal of tangibles Depreciation 225,751 6,374 116,303 342,054 6,374 275,477 6,731 3,623 1,000 4.489 12,061 5,526 1,142 1.000 4,489 38,413 80,547 1,142 2,373 21,917 96,221 26,352 75,02l 440 1,857 455 1,673 5,770 17,913 17,913 3,960 3,960 2,160 1,295 2,557 1,771 162 20,871 2.288 5,003 569 2,857 5,003 3,903 3,903 4,740 18,112 22,852 349,489 181,018 530,507 445,353 et Funds 2023 2022 Net fuiids is stated after cliarging: Depreciatioii aiid otlier amounts writteii off tangiblc assets Loss on disposal of tangible fixed assets Audit remuneration 22,852 20,871 162 3,960 Page 19
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Notes to tlie financial statements for the year ended 31 March 2023 continued Auditor's r¢niuneratlon The auditor's remuneration ainounts to an audit fee of £3,960 (2022 - Nil). I mployces 2023 2022 Wages & Salaries Staff pension coiitributions 342,054 6,374 275,477 6,731 348,428 282,208 No eiiiployees received emoluinents of more than £60,000 (2022 - None). Th¢ directors, neitlier received nor waived any emoluments during tlie year (2022 - None). Numb¢r of ¢mployees Tlie averag¢ Inoiitlily numbers of employees duriiig the year, calculated on tlie basis of full time equivaleiils, was as follows: 2023 Nuniber 2022 Number Average Iiuinber of employees 41 28 Taxation As a cliarity, RAINBOW CHILD AND FAMILY CENTRE LTD is exempt from t&x on income and gains falling witliiii section 505 of tlie Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to tlie extent that tliese are applied to its cliargeable objects. Accordingly, no tax charges have arisen in tlic charity. Page 20
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Notes to the financial statenients for the year ended 31 March 2023 continued Land and Fixtures, bulldlngs fittings and freohold cquipment Tangible fixed assets Motor vehicles Total Cost At l April 2022 Additions 701,408 113,043 94,872 14,400 810.680 113,043 At 31 March 2023 814,451 94,872 14,400 923,723 Dei)reclatlon At l April 2022 Charge for tli¢ year 128,181 16,289 85,983 1,140 3,880 5,423 218,044 22,852 At 31 March 2023 144,470 87,123 9,303 240,896 Net book values At 31 Marcli 2023 669.981 7,749 5,097 682,827 At 31 March 2022 573,227 8,889 10.520 592.636 Debtor5 2023 2022 Sundry Debtors 77,08E 40,643 10. Creditors: amounts falling due witliin one year 2023 2022 Accruals 3,960 1,920 Page 21
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Notes to the financial statements for the year ¢nd¢d 31 March 2023 conl'iiiued 11. Analysis of net assets belween funds Unrestricted Restricted funds funds Total funds Fund balances at 31 March 2023 as represented by: Tangible fixed assets Current assets Curreiit liabilities 682,827 46,477 (3,960) 682,827 138,231 (3,960) 91,754 Total funds 91,754 725,344 817.098 12. Movements In Funds At l Aprll Incoming Outgolng 2022 resources resources Trllnsfers At 31 MArch 2023 Reslricted fuiids: Restricted funds 625,694 280,668 181,018 725,344 Unr¢stricted funds: General Funds 80,524 360,719 349.489 91,754 Total fuiids 706,218 641,387 530,507 817.098 13. Analysis of clianges In net fuiids Opening balance Cash flows Closing balance Casli at baiik and in Iiaiid 74,859 (13,709) (13,709) 61,150 Net funds 74.859 61,L50 14. Related party timnsactiohs There were no related party transactions in the period under review. Page 22
RAINBOW CHILD AND FAMILY CENTRE LTD Company limited by guarantee Notes to tlie financial statements for the yoar ellded 31 March 2023 continued 15. Company limiled by guarantee RAINBOW CHILD AND FAMILY CENTRE LTD is a company limited by guarantee and not having a sliare capital. Evely Ineiiiber of tlie company uiidertakes to contribute such amount as may be required not exceeding £1 O to tli¢ assets of the charitable compaiiy in the event of its being wound up while he or she is a Ineinber, or witliin oiie year after he or she ceases to be a meinber. 16. Controlling iiiterest Controlling interest of the charitable company lies witli board of directors, 17. Post balance Sheet events No sigiiificant events have taken place siiice the year end that would result in adjustinents to 2023 finaiicial iIiforination or inclusion of a note thereto. Page 23