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 F￿nIlY 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 struCtu￿d 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
eatIn￿exerCISel 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, prOgr￿llmes, 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 reg￿dIng 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 b￿15 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