Registration Number: N1037396
Charity Registration Number: NIC103745
RAINIIOW CHILD AND FAMILY CENTRE LTD
(Company limited by guarantee)
Directors, report and financlal statements
for the year ended 31 March 2024

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guaralltee
Content5
Page
Legal and Administrative Inforination
Directors, Report
Independent Auditor's Report
8-12
Statement of Fiiiancial Activities
13
Balanc¢ Sheet
14
Cash Flow Statement
15
Notes to the fi inancial Statements
16-23

RAINBOW CHILD AIND FAMILY CENTRE LTD
Company limited by guarantee
Company information
Dlrectors
Mairead Dohety
Majella Mallet
Elisha Mccallion
Shauna McDevitt
Gerry Oweill
Charity number
NIC 103745
Company number
N1037396
Registered office
104 Bracken Park
Galliagh
Derry
N Ireland
BT48 8AZ
Auditors
McGroarty Mccafferty & Company
Accountants & Registered Auditors
2 Carlisle Terrace
Derry
BT48 6JX
BanI￿rS
Ulster Bank
Da Vincis Complex
Culmore Road
Derry
BT48 8JB
Solicitors
H&sson & 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 2024
The directors present tlieir report and the audited financial statements for the year ended 31 March 2024.
Directors
The directors who served during the year are as follows:
Mairead Doliety
Majella Mallet
Elisha Mccallion
Shauna McDevitt
Gerry OTqeill
Structure9 governanco and managcment
Rainbow Child and Family Centre Ltd is a charitable company. limited by guarantse and lias no share capital,
It is governed by its Memorandum and Articles of Association.
The cliarity is governed by a dedicated board of trustees. A number of the trustees have been involved with
Rainbow Child and Fainily Centre for many years and are also involved with other cominunity groups in the
local area. The board is made up of local residents, a local couiisellor. a civil servant. an ex-employee and
parents of current and past users of the centre.
Risk mana
ement
Tlie directors have a risk management strategy which consists of estsblishing a system of identifying risks and
rnltigating such risks. Internal control risks are minimis¢d by the impl¢mentation of procedures of
authorisation of all transactions and projects.
Objectives and Activities
Ob
eetivos
The main aims and objectives of Rainbow Child and Family Centre Ltd include:
*To enhanG¢ aiid advance the emotional, intellectual and sooial development of pre-school and school aged
children and young people.
*To improve the opportunities and life chances available to parents and carers.
*To create opportunities to enable people from disadvantaged communities throughout the Greater
Shantallow Area and the wider Derry Area to access activities, programmes and events to enhance life
experiences and build relationships and community cohesion.
*To provide all age groups with opportunities for health and wellbeing and cultural ¢xp¢ri¢nces in their
immediate community.
*To target children and parents who are experiencing social exclusion as a result of deprivation, disadvantage
or disability.
*To provide a Tangc of facilities and rooms for diverse services, activities and community functions for
children, young people and families promoting community development.
*To provid¢ educational opportunities in both 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
they can all provide good quality services including childcare.
*To fill the gaps in child¢are provision in the area.
Page 2

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Directors, report
for the year ended 31 March 2024
continued
*To create opportunities to enable people from disadvantaged communities throughout the Greater
Shantallow Area to access education, training or employment,
*To support employinent growth and facilitate access to lifelong learning,
Aetivitie81Servlces
Pr¢s¢hool
Running Monday to Friday from September to June 9am to I pm in playroom.
Provides high quality care and education for children aged 3 to 4 years. Registered with WHSCT and EA for
24 children. We plan cliildren's learning around 6 areas of the Northern Ireland preschool curriculum and we
provide play based experienced were children are given encouragement 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 partnership with parents is extrem¢ly important to our practlGe.
Parent and toddlerl Stay and plays
Running Fridays froin September to June 11:30pm to Ipm in the community hub.
Offers children and their pareiits a safe and child centred environment that fosters stimulating and challenging
activities for all ages and stages aged 0-4. Parents are encouraged to get actively involved in children
learning. Sessions include information /support for parents and carers regarding child development, childcare,
health/ wellbeing both for th¢ child and the parent with employment and training support for parents.
Crèche
Running 2 days per week in purpose build prefabricated building.
Provides liigh quality care for children aged l and 2 years old. The crèche provides a stimulating environment
with well planned and cliallenging activities for young children. We provide a rich and varied environment
which play a key role in supporting babies and young childrens all round development and well being.
Two year old programmc
Running 3 days weekly in the purpose build prefabricated building.
Supporting children on their first step in a formal setting to feel safe, develop an interest in learning. Develop
einotional, social and language skills. Whist encouraging parental involvement to help Strengthen their
capacity to provide a home leaming environment that supports learning and development. Our 2 old
programmes is focused on building four protective factors associated in the research literature witli lowering
rat¢s of child abuse and neglect and with optimising child development.
Three year old programme
Running 2 days weekly in the purpose build prefabricated building allowing the children the opportunity to
explore and develop a curiosity, creating an early love of learning. The main aims to support cliildren's
development help put them on the path to success in later life and help them become ready for formal
education. Working in partnership with parents to develop an integrated and holistic approach to children's
learning. Helping the children reach their full potential making the transition into preschool much smoother.
Page 3

RAINBOW CHILD AND FIIMILY CENTRE LTD
Company limited by guarantee
Directors, report
for the year ended 31 March 2024
continued
Aftersehools I Summer Scheme Childcare facility
*Mon to Friday froin September to June 2pm to 6pm
*fulltime summer childcare service throughout July and August. Mon to Friday 8:30am to 6pm in the
playroom and computer suit¢ area of the building,
This service is registered with the WHSCT for 56 children daily aged 4 years to 12 years.
Th¢ afterscliools / summer sch¢in¢ childcare service enables Rainbow Child and Family Centre to continue to
deliver on our social objectives which include advanGing the emotional, intellectual and social development
of children and young people, improve the opportuiiities and life chances available to parents and Carers.
create opportunities for people from disadvantaged communities throughout the Ballyarnett/Greater
Shantallow area to acc¢ss education, training and employment, to fill the gaps in childcare provision in the
area, to target children and parentslcarers who are experiencing social exclusion as a result of disadvantage or
disability and to support employment growth and facilitate lifelong learning.
Youth Provlsion
Rainbow Child and Family youth provision includes 3 different age range of youth clubs running 3 days a
week from Septetnbcr to June in our community hub. The aim of all the clubs is to allow children and young
p¢ople living in Ihis area of disadvantage the opportunities to r¢ach th¢ir full potential by increasing the
opportunities for th¢m to better develop their social and emotional skills, By providing a variety of warm,
friendly) cliild centred clubs using both indoor and outdoor safe space within our newly built community hub
and introducing them to a variety of activities and games, (both structured and free style).
All activities and trips organised by qualified, professional staff are offered and they promote their
ommunication aiid interp¢rsonal skills through increased language use, encouraging their interest in a
music, sport. co-operation and team building. They build positÉve relationships and Iiave endless
opportunities to feel part of a youth coinmunity that offers enjoyment, fun, and an encouraging atmosphere
that is structured to build confidence and self esteem in children and young people.
Summer Scheme Youth provislon
Tlie youth programme also includes a fvll summer scheme programme running during the month of July and
August for 6 weeks offering 3 Clubs Monday-Friday. The Summer Scheme concentrates on helping children
and young people in this area Inake better lifestyle choic¢s by providing more opportunities through a full
suminer s¢h¢ine programme of events and exciting full day trips. Engaging th¢m in physical activity and
health related activitiesldiscusgions that will improv¢ their gross and fine motor skills, coordination) physical
fitness. health and mental well being, strengthen tlieir spatial awareness, and increase their self confidence,
self esteein, self worth and keep thcm learning tliroughout the school break.
Other Seryices
Older people S0+ years
This programme clianges regularly depending on funding and interest at present we run:
knit and nalter club in the computer suite Thursday 7-9pm
Page 4

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Directors, report
for the year ended 31 March 2024
continued
Wellbeing club
For the past 12 years Rainbow Child and Family Centre facilitates the Wellbeing club. The group meets
weekly on Thursday @ 7-9pin in the community hub, With a weekly discussion around healthy
eatingJexercise/ mental health/ issues like cancer. It has health MOT'S twice annually with local nurses
hecking blood pressure, blood sugar and cholesterol.
Wlnter Wonderland Festival
Running for 6 days in Deceinber we turn the Rainbow Community Hub and outdoor area into a Winter
Wonderland attracting 1500+ families from throughout the city and beyond annually
Educatiolll TrAinlng
We annually run training to early years providers with 20 plA¢es per course, running over 4 evenings in the
playroom including;
Food Hygiene
First aid and paediatric
First aid
Tlirough the Pathway, Good relations and EA and Comic Relief funding we were able to run a variety of
parenting classes within tlie centre. Tliese included the Big Bedtime Read. Dummy do's and don'ls, bullying,
respecting differences and importance of play,
Through funding from TEO for the Good Relations Winter Wonderland event we were able to run a variety
of training. Eacli course was 2- 3 nights for 2-3 hours per session. This training was cross community and
inlergenerational and had an average attendance of 16 per session. This training took place throughout the
building and included child protection, health and safety, risk assessment, customer cares, story telling
training and drama.
We coinpleted a variety of in house training to ensure all 39 staff are able to ensure our high standards of
work is adliered to including managiiig difficult behaviour, health and safety and risk assessment.
Achlevements and performan¢¢
In 1985, 37 years ago Rainbow Child and Family Centre started &s a playgroup set up by local parents. In
2001, we received funding from Big Lottery to build a purpose built facility for our after-schools and summer
scheme prograinme8 and playgroup. Throughout the years we hav¢ developed our services to meet the needs
in our Coinmunity.
In 2015. we acquired land adjacent to our existing centre and secured £348,000 from Department of Social
Development to build an extension to our building. The new Community Hub opened on 3 February 2015
doubling our available space and allowing us to start working in partnership with local residents and groups
to provide a greater range of programmes, clubs, activities and annual events.
Page 5

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Directors, report
ror the year ended 31 March 2024
continued
In 2018, we acquired more froin the NIHE and were successful in a grant of £150,000 from Weston
Aiiniversary fund to build a new outdoor play area. We also received funding for an additional prefabricated
building as we had outgrown our space.
In 2019, we acquired an additional prefabercated building from Department for Communities funding as we
had out grown the building.
Plans for the future perlods
In tlie next year we plan to continue to work in partnership with local residents and local groups in the area to
keep offering and expanding our range of wanted and needed activitl¢S> programmes, and services for all
childreng young people and families living within the Shantallow West and wider Ballyarnett area.
Working with statutory bodies, service providers and community organisations across the area we want to
continue to use the space to support community and neighbour activity to enhance health, wellbeing. and
social inclusion. We are now able to offer an array of services. activities, facilities and workshops to suit
everyoiie aged from O to 90 years and plan to continue to do so for at least the next 30 years.
Financial review
The results for tlie financial year ended 31st March 2024 are on pages 13 to 23.
Tlic dir¢Gtors aim to have a Gash reserve covering at least 6 months ¢xp¢nditur¢ at any given time.
Directors Responsibllltlcs In Rol8tlon To The Flnan¢Aal Statements
The directors are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law aiid United KingdorfA Accounting Standards (United Kingdom Generally Accepted
Accounting Practice). Company law requires the directors to prepare financial statements for each financial
year. Under company law tlie directors must not approve the financial statements unless they are satisfied that
they give a true and fair view of the state of affairs of the charitable compaiiy and of the incoming resources
aiid applicatioii of resources, including the income and expenditure, of the charitable company for that period,
In preparing these financial statements, the directors are required to:
select suitable accounting policies and apply them consistentlyg
make judgements and estimates that are re&80nable and prudent;
observe methods and principles in the charities SORP 2019 (FRS 102);
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the finanoial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The board of directors are responsible for maintaining proper accounting records that are sufficient to show
and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position
of the charitable coinpaiiy and to enable them to ensure that the financial statements comply with Companies
Act 2006. The Board is also responsible for safeguarding the &ssets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Directors, report
for the year ended 31 March 2024
continued
Statement of dls¢losure of finformation to audltors
We, the directors of th¢ coinpany who held office at the date of approval of these Financial Statements. as set
out above. each confirin so far as we are aware, that:
There is no relevant audit information of which the company's auditors are unaware. and as the directors of
tlie company. w¢ have taken all steps we ought to have taken in order to make ourselves awar¢ of any relevant
audit information and to establish that the charity's auditors are aware of that information.
Auditor's:
McGroarty Mccafferty & Company are deeined to be reappointsd 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
relating to small companies and in accordance witli SORP 2019 (FRS102).
The finELncial statements were approved and authorised for issue by the board on 15 October 2024 and signed
on its bchalf by:
Directo
or
o-kJL I
MAJELLA fiAALLrfI
Page 7

RAINBOW CHILD IIND FAMILY CENTRE LTD
Company limited by guarantee
Independent auditor's report to the director5 of RAINBOW CHILD AND FAMILY CENTRE LTD
Opinion
We have audited the financial statements of RAINBOW CHILD AND FAMILY CENTRE LTD for the year
ended 31 ma￿1] 2024 whicli comprise the Statement of Financial Activities, the Balance Sheet, the Cashflow
Statein¢nt and the related notes. The financial reporting framework that has b¢en applied in their preparation is
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland"
This report is Inade solely to the charitable company's directors, as a body. in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the cliaritable
company's directors those matters we are required to state to them in an auditor's report and for no other purpose.
To the fullest exteiit perniitted by law. we do not accept or assume responsibility to anyone other tlian the
charitable coinpany and the cliaritable company's directors ￿ a body> for our audit work, for this reporL or for the
opinions we have formed.
In our opinion tlie financial statements:
give a true and fair view of the state of tlie charitable company's affairs as at 31 March 2024, and of its
incomin&F resources and expenditure of resources, including its income and expenditure, for tlie year then ended.
have b¢en properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
liave been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities
for the audit of the financial statements section of our report. W¢ ar¢ ind¢p¢ndent of the charitable company in
accordance with the etliical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
tliese requireinents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.
Concluslons relating to goAng concern
In auditing the financial statements, we have concluded that the directors, use of the going concern basis of
accounting in th¢ preparation of the finan¢ial statements is appropriate,
Based on the work wc have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from whcn the financial statcments are
authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report.
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RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Other information
The directors are responsible for the other information. The other inforniation coinprises the information
included in the directors, annual report, other than the financial stateillents and our auditor's report thereon. Our
opinion on the financial statements does not cover other information and. except to the extent otherwise explicitly
stated in our report, wc do not express any form of assurance conclusion thereon.
In connection with our audit of the finaiicial statements. our responsibility is to read the other information and, in
doing so, consider wlietlier the other infonnation is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otlierwise appears to be materially misstated. If we identify such material
inconsistencics or apparent material misststsments, we are required to detennine whetlier there is a material
misstatement in the financial statements or a material misstatement of tlie other inforination. If. based on the
work we have performed, we conclude that there is a material misstatement of this other information. we are
required to report that fact,
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companfies Act 2006
In our opinion based on tho work undertaken in the course of the audit:
thc information given in th¢ Directors, Annual Report for the f￿ancial year for which the financial stalements
are prepared is Consistent witli the finaiicial statements; and
tlie Directors Annual Report has been prepared in accordance with applicable l¢gal requirements.
Matters on wliicli we are rcquircd to report by exccptlon
Iii tlie light of our knowledge and understanding of the charitable company and its environinent obtained in the
course of the audit, we liave not identified material misstatements in the Directors Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records liave not been kept: or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors, remuneration specified by law are not made. or
w¢ have not received all the infomiation and explanations we require for our audit. or
the directors were not entitled to prepare the financial statements in accordance with the small companies
regime and take advanlage of the small companies exemption from the requirement to prepare a strategic report.
Page 9

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Responsibilities of the directors
As explained more fully in the Directors, R¢sponsibilities Statement set out on page 6, the direotors (who are also
the directors of th¢ charitable company for the purposes of company law) are responsible for the preparation of
the finaii¢ial statements and for being satisfied that they give a true and fair view, and for such internal control as
the directors determine is necessary to enable the preparation of financial statements that are free from material
misstateinent, whetlicr due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease
operations, or have no realistic altemative but to do so.
Auditor's responsibilities for the audit of thc financlal statoments
Our objectives are to obtain reasonable &ssurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issu¢ an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audÉt conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate. they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
I xplanatlon as to what extent the audit was consfidered capable of dctectlng firregularltles, fincludlllg
Irregularlties, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our respoiisibiliti¢S, Outlined above, to detect material misstatements in respect of irregularities.
including fraud. However, the primary responsibility for the prevention and detection of fraud lies with
manageineiit and the board of directors of the charitable company.
Identifying and a55essing potentlal rlsks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
non-compliance with laws and Kgulations, we considered the following:
the nature of the industry? sector and the specific control environinent which it operates in.
th¢ ¢hariti¢s own assessment of the risks tliat irregularities may occur, either as a result of fraud or error.
representations and results from our enquiries with maiiagement and the board of directors regarding their own
identification and assessment of tlie risks of irregularities,
enquiries of management relating to accounting estimates measurements, recognition criteria and justification of
such amounts"
any matters we have identified having obtained and reviewed thc Charities 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 and whether they are aware of any actual, suspected or alleged fraud '
instances"
* the internal controls designed to mitigate risks or fraud or non-compliance with laws and regulations, and to
minimise risk of management overrides of such controls.
Page 10

RAINBOW CHILD AND FIIMILY CEI NTRE LTD
Company limited by guarantee
all matters discussed among the audit engagement team regarding how and where fraud could occur and the
pot¢ntial indicators of fraud.
As a result of tliese procedures, we considered the opportunities and incentives that may exist within the charity
for fraud. The audit included &ssessing the procedures and evaluating the measurement of estimations. In
oininon witli all audits under ISAS (UK), we are also required to perfom] specific procedures to respond to the
risk of manag¢m¢nt override.
Based on our understanding of the charitable company the most significant legal and regulatory frameworks that
have a direct impact on the financial statements are those relating to the applicable reporting framework, (FRS
102. The Charities Act (Northern Ireland) 2008, The Charities (Accounts and Report) Regulations (Northern
Ireland) 2015, the Charity SORP and the Companies Act 2006) non-compliance may have a material effect on
the financial statements. Compliance with these laws and regulations was assessed &8 part of our procedures.
Audit responses to risks identified
Our procedures to respond to risks identified included the following;
reviewing the financial statement disclosures, testing the relevant documentation to assess coinpliance with the
significant laws and regulations - those described as having a direct effect on the financial statements.
enquiring with management and obtaining third paty confirniation from the Charities Solicitors regarding any
actual or potential litigation and Claims.
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of
material inisstatement due to fraud;
reading minutes of board and management meetings, ex￿lline forecasting mat¢rial in lin¢ with actual
performance, identifying any potential fraud indicators or instanccs:
reviewing Companies House and Charity Commission Northern Ireland correspondence, identify any late
submissions or omissions of mandatory information:
review correspondence with HMRC, identifying non compliance of specific infonnation to be disclosed;
in addressing tlie risk of fraud through Inanagement override of controls, testing the appropriatene55 of data
entries and adjustments: assessing whether the judgements made in making accounting estimates are indicative of
a potential bias; and evaluating the rationale of any significant transactions that are unusual or outside the normal
Course of the Charities objectives.
We also communicated relevant identified laws aiid regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout
the audit.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional
scepticism throughout the audit. W¢ also:
Identify and assess the risks of material misstatement of the f￿anCIal statements, whether due to fraud or error,
design and perfonn audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from
fraud is higlier than for one resulting from error, as fraud may involve collusion, forgery, intcntional omissions,
misrepresentations, or the override of internal control.
Page 11

RAINBOW CHILD AND FAIVIILY CENTRE LTD
Company limited by guarantee
Obtain an understanding of internal ¢ontrol relevant to the audit in order to design audit procedures that ar¢
appropriate in the circuinstances, but not for th¢ purpos¢ of ¢xpressing an opinion on the effectiveness of th¢
charitable company's internal control.
Evaluate the appropriateness of accounting policies used and the re&sonableness of accounting estimates and
related disclosures made by the directors.
Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based on the
audit evidence obtained, whetlier a material uncertainty exists related to events or conditions that may cast
significant doubt on tlie Charitable company's ability to continue as a going concern. If we conclude that a
material uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in
the financial stateinents or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence oblained up to the date of the auditor's report, However, future events or conditions may
aus¢ the charitable company to cease to continue &8 a going concern.
-Evaluate the overall presentation, structure and content of the financial statsments, including tlie disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that acliieves fair
presentation.
We communicate with those charged with governaiice regarding, among other matters, the planned scope and
timing of the audit and signifIcant audit findings. including any significant deficiencics in intcrnal oontrol that we
identify during our audit.
Patricli McGroarty
Senior Statutory Auditor
for and on behalf of
McGroarty Mccafferty & Company
Statutory Audltor
2 Carlisle Terrace
Derry
BT48 6JX
Dated: 15 October 2024
Page 12

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Statement of Finan¢ial Aetivilies
for the year ended 31 March 2024
Total
Fund5
2024
Total
Funds
2023
Unrestrlcted
Funds
Restricted Designated
Funds
Funds
Incomo and Expondlture
Incoming Rcsourees
Charitable activities
433,733
169,262
602,995
641,387
Total Incoming Resource5
433,733
169,262
602.995
641.387
Resources Expended
Management & Administration
349,031
185,551
534,582
530,507
Total Resource5 Ei xpended
349,031
185,551
534.582
530,507
Net Incoming l (Outgoing) Resources 12
84,702
(16,289)
68.413
110,880
Transfer of funds
(104,826)
(45,174)
150,000
(20,124)
(61,463)
150,000
68,413
110,880
Balances brought forward l April 2023
91,754
725,344
817,098
706.218
Balances carried forward 31 March 2024
71,630
663.881
150,000
885,511
817,098
The above ainounts relate to continuing operations of the charity.
The cliarity lias no recognised gains and losses olher than those included in the results above and therefore no separate
statement of total iecognised gains and losses has been presented. There is no difference between the net incoming
resources for the year stated above and their historical cost equivalents.
Page 13

RAINBOW CHILD AND FAIVllLY CENTRE LTD
Company limited by guarantee
Balance Sheet
as at 31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in liand
662,009
682.827
39,142
188,732
77,081
61,150
227,874
138,231
Credltors: amounts falling
due within one year
10
(4,372)
(3,960)
Nct current assets
223,502
134,271
Total assets leys curr¢nt
liabilities
885,511
817,098
Net asscts
885,511
817,098
Funds
Restricted
Unrestricted
Designated funds
663,881
71.630
150,000
725,344
91,754
11
885.511
817,098
This report is prepared in accordance with the special provisions of Part 15 of the Companies Aot 2006
relating to small companies and the Charities SORP 2019 (FRS 102).
The financial statemenls were approved and authorised for issue by the Board on 15 October 2024 and signed
on its belialf by:
Director
ctor
Ge&&y O NJÈILL
rYiRJELLA (VIALLtr
Company Number: N1037396
The notes on pages 16 to 23 form an integral part of these financial statements.
Page 14

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Cash flow statement
for thc year ended 31 March 2024
2024
2023
Notes
Reconciliation of operating a¢tivlties
Operating surplus
Depreciation
De¢￿a$¢ in debtors
Increase in creditors
68.413
21,202
37,939
412
110,880
22,852
(36,43 8)
2,040
Nct Cash outflow from operatlng actlvitles
127,966
99,334
Cash flow statement
Net cash outflow from operating activities
Capital expenditure
127,966
(384)
99,334
(113,043)
(13.709)
Dccreasc In cash fin thc year
127,582
Reconciliation of net cash flow to movement in nct funds (Note 13)
D¢cr¢ase in cash in the year
Net funds at l April 2023
127,582
61,150
(13,709)
74,859
Net funds at 31 March 2024
188,732
61,150
Page 15

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Notcs to the financial statements
for the year endcd 31 March 2024
General information
The charity is a private liinited company by guarantee, registered in Northern Ireland and a registered
charity in Northern Ireland. The address of the registered office is 104 Bracken Park, Galliagh, Derry,
Northern Ireland, BT48 8AZ.
1.1. Accounting convention
The Principal accounting policies adopted in the preparation of the financial statements are set out
below and have reinained uiichanged from the previous year, and also have been consistently applied
within the swne accounts.
Tlie charity constitutes a public benefit entity as defined by FRS102. The financial statements have
been prepared in accordance with the accounting policies set out in notes to the accounts and comply
with the charity's governing document, the 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
Ireland published in October 2019 (SORP 2019) and the Companies Act 2006.
The financial stateinents are prepared on a going concern basis under the historical cost convention
modified to include the certain items at fair value. The financial statcmcnts are presented in sterling
whicl) is the functional currency of the charity.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to
the income and the amount can b¢ quantifi¢d with ieasonable accuraoy, The following sp¢¢ifi¢ policies
are applied to particular Gat¢gories of incom¢:
Voluntary income is received by way of graiits, donations and gifts and is included in full in the
statement of financial activities when receivable. Grants where entitlement is not conditional on the
delivery of a specifio performance by the charity are recognised when the charity becomes
unconditionally entitled to tlie grant.
Donated services and facilities are included at the value to the charity where this can be quantified, The
value of the services provided by the volunteers has not been included.
Gifts donated for resale are inoluded as incoming resources within the activities for generating funds
wlien they are sold.
Grants. including grants for the purchase of fixed assets, are recognised in full in the statement of
financial activities in tlie year in wliich they are receivable.
Income from investments is included in the year in which it is receivable.
1.3. Rcsources expended
Expenditure is recognised on ali accru￿ basis as a liability is incurred. Expenditure includes any VA T
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating fuiids comprise the costs associated with attracting voluntary income and the costs
of tradiiig for fundraising purposes.
Charitable expenditure comprises tliose costs incurred 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 nature necessary to support them.
Page 16

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Notes to the finallcial statements
for the year ¢nd¢d 31 March 2024
continued
1.4. Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charily and which have not been designated for other purposes.
RestriGted funds are funds which are to be used in accordance with specific restrictions imposed by
doiiors or which Iiave been raised by the cliarity for particular purposes. Tlie cost of raising and
administering such funds are charged against the specific fund.
1,5 Tanglble fixed assets and dopre¢lAtlon
Tangible fixed assets are 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:
Land & buildings
Fixtures, fittings and equipment
Motor vehicles
2 % straight line
250/0 reducing balance
200/0 Straight line
Cash at bank
Cash at bank and c&sh equivalents are stated at cost at the financial year end.
1.6. Debtors & ¢r¢dltors
Debtors and oreditors with no stat¢d interest rate and receivable or payable witliin onc y¢ar are
recorded at transaction price. Any losses aiising from impairment are recognised in expenditure.
1.7. Cornpany status
The charity is a coinpany limited by guarantee and does not have a share capital.
1.5 Pensions
Contributions to auto enrolment pension schemes are recognised &5 an expenses in the period in which
the related service is provided.
1.8. Golng concern
Tlie financial statements have been prepared on a going concern basis &s the directors believe that no
material uncertainties exist. The directors have considered the level of funds held and the expected level
of income and expenditure for 12 months from authorising these financial statements. The budgeted
income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a
going concern.
Designated Funds
Designated funds are to ensure that there are adequate funds to cover six months operational and
core costs of the charitable company. The designated fund balance at 31st March 2024 is
£150.000.
Page 17

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Notes to the financial statements
for the year ended 31 March 2024
continued
Unrestricted Restrlcted Total
Income
Income Funds
2024
2024
2024
Total
Funds
2023
Incoming Resources
Incomin
resources from charltablc activities
DFC (Car Park)
ARCS
GRater Sliaiitallow Area Partnership
GSAP Otlier
DENI
Comic Relief
Policing Community Safely Partnership
Education Authority Youth
The Executive Office-Good Relations
Early Years
Derry City and Strabane District Council
Bogside & Brandywell
PHA-Clear
Anton Jurgcns Fonds
Pathway Fund
Irisli Youth foundation
Jobstart
CLEAR
COCA CO Irish Youth
113,042
2,000
2,945
3,000 3,000
9,684 9,684
14,400 14,400
55,271 55.271
17,355
43,759
2,068
8,802
24,144
10,219
8,000
10,060 10,060
26,299 26.299
1,348
1.348
5.023
5,023
400
400
4,986
5,000
5,000
30,000 30,000
30,000
5,000
8.348
5,000
5,000
3,777 3,777
169,262 169,262
280,668
VoluntA
Income
Western Education & Library Board-PEAGS
Garfield Weston
Community Foundation NI KEADUE
Other income
Childcare and playgroup fees
50,302
25,000
50,302
25,000
53,259
25,000
9,984
25,913
246,563
12,484
345,947
12,484
345,947
Total
433,733
169,262 602,995
641,387
(i)
Restricted Funds
Funds received which are eamiarked by the Funder for specifIc purposes. Such purposes are
within the overall aims of the organisation,
Page 18

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Notes to the financial statemcnts
for the year endcd 31 March 2024
continued
(li)
Unrestrlcted Funds
Funds which are expendable at the discretion of the company in furtherance of the aims of the
charity. In addition funds may be held in order to finance capitsl investment and working capital.
Resources Expended
Unrestrl¢tcd
Funds
Restricted
Funds
Total
2024
Total
2023
Managemcnt & Admlnlstratlon
Wages & salaries
Staff pension costs
Rates and water
Insurance
Running costs
Outings and events
Repairs & maintenance
Stationery & postage
Communi¢ations & IT
Advertising & PR
Professional fees
Travel
Audit fees
Bank cliarges
General expenses
Subscriptions & memberships
Depreciation
266.186
6,320
73,442
339.628
6,320
1,228
5,675
11.456
116,306
3,542
179
927
504
3,258
15.625
3,960
2,764
801
1,207
21,202
342.054
6,374
1,000
4.489
38,413
80,547
1,142
1.228
5,675
11.456
45,700
3.542
179
927
504
2,258
15,625
3,960
2.764
795
1.207
16,289
70.606
1,000
17,913
3,960
2,857
5.003
3,903
22.852
4,913
349.031
185,551
534,582
530.507
Net Funds
2024
2023
Net funds is stated after charging:
Depreciation and other amounts written off tangible &5sets
Auditors, reinuncration
21,202
3,960
22,852
3.960
Auditor's remuneration
The auditorfs remuncration amounts to an audit fee of £3,960 (2023 - £3,960).
Page 19

RAINBOW CHILD AND FAMILY CENTRE LTD
Con)pany limited by guarantee
Iyotes to the financial statements
for the year ended 31 Mar¢h 2024
continued
Staff Costs
2024
2023
Wages & Salaries
Staff pension coiitributions
339,628
6,320
342,054
6,374
345,948
348,428
No employees received emoluments of inore than £60,000 (2023 - None),
The directors, neither received nor waived any emoluments during the year (2023 - None).
Number ofcmployees
The average inonthly numbers of employees during the year, calculated on the basis of full tim
¢quivalents, was as follows:
2024
Nun)ber
2023
Number
Average number of employees
39
41
Taxation
As a charity, IL4INBOW CHILD AND FAMILY CENTRE LTD is exempt from tax on income and
gains falling witliin section 505 of the T&xes Act 1988 or s256 of the T&xation of Chargeable Gains Act
1992 to the extent tliat these are applied to its chargeable objects. Accordinglyg no tax charges liave
arisen in the charity.
Page 20

RAINBOW CHILD IIND FAMILY CENTREI LTD
Company limited by gllarantce
Notcs to the financial statements
for th¢ ycar ended 31 March 2024
. continued
Land and
Flxture5,
buiIdlngs flttlngs and
freehold
cqulpment
Tangfiblo flxed assets
Motor
vehlcles
Total
Cost
At l April 2023
Additions
814,451
94,872
384
14,400
923,723
384
At 31 March 2024
814,451
95,256
14.400
924.107
Depreciation
At l April 2023
Charge for the year
At 31 Marcli 2024
144,470
16,289
87,123
2.033
9,303
2,880
240,896
21,202
160,759
89,156
12,183
262,098
Net book values
At 31 March 2024
653,692
6.100
2,217
662.009
At 31 March 2023
669,981
7,749
5,097
682,827
Debtors
2024
2023
Sundry Debtors
39,142
77,081
10.
Creditors: amounts falllng due
wlthln ono year
2024
2023
Accruals
4,372
3,960
Page 21

RAINBOW CHILD AND FAIIIILY CENTRE LTD
Company limited by guarantee
Notes to the financial statements
for the year cnd¢d 31 March 2024
continued
11.
AnalysAS of net asscts between funds
Unrestricted Re5tri¢tedDesignated
funds
funds
funds
Total
funds
Fund balances at 31 March 2024 as ropresented by:
Tangible fixed assets
Current &ssets
Current liabilities
8,318
653,691
63,724
14,150
(412) (3,960)
71,630
663,881
662,009
227,874
(4,372)
150,000
Total funds
150.000
885,511
12.
Movements in Funds
At
l Aprll Ineom£ng Outgoing
2023 resources rtsources Transfers
At
31 March
2024
Restricted funds:
Restricted funds
725,344
169.262 (185,551) (45,174)
169,262 (185,551) (45,174)
663.881
725,344
663,881
Unrcstrlcted funds:
General Funds
91,754 433.733 (349,031) (104,826)
91,754 433,733 (349,031) (150.000)
71,630
71.630
Doslgnated funds
150,000
150,000
Total funds
817,098 602,995 534,582
885,511
13.
Analysis of changes In net funds
Opening
balAnce
Cash
flows
C105ing
balAnce
Cash at bank and in hand
61.150
127,582
188,732
Net funds
61,150
127.582
188,732
Page 22

RAINBOW CHILD AND FAMILY CENTRE LTD
Company limited by guarantee
Notes to the financial statements
for the year endcd 31 March 2024
continued
14.
Related party transactlons
There were no related paty transactions in the period under review.
15.
Company limited by guorantee
IL4tNBOW CHILD AND FAMILY CENTRE LTD is a company limited by guarantee and not having
a share capital.
Every member of the coinpany undertakes to contribute such amount as may be required not exceeding
£10 to tlie assets of the charitable company in the event of its being wound up while he or she is a
member, or within onc year after he or she ceases to be a member.
16.
Controlling interest
Controlling interest of the charitable company lies with board of directors.
17.
Post balanc¢ shcct events
No significant events have taken place since the year end that would result in adjustments to 2024
financial inforination or inclusion of a note thereto.
Page 23