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 BanIrS 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 ma1] 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. Page 8
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 fancial 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, exlline 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 fanCIal 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