RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Company limited by guarantee

Company Registration Number:
07162626 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Contents of the Financial Statements

for the Period Ended 29 February 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 57,143 71,588
Cost of sales: ( 51,064 ) ( 42,688 )
Gross profit(or loss): 6,079 28,900
Administrative expenses: ( 9,643 ) ( 30,869 )
Operating profit(or loss): (3,564) (1,969)
Profit(or loss) before tax: (3,564) (1,969)
Profit(or loss) for the financial year: (3,564) (1,969)

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,103 2,178
Total fixed assets: 1,103 2,178
Current assets
Debtors: 4 3,753 3,215
Cash at bank and in hand: 177
Total current assets: 3,930 3,215
Creditors: amounts falling due within one year: 5 ( 47,526 ) ( 44,322 )
Net current assets (liabilities): (43,596) (41,107)
Total assets less current liabilities: (42,493) ( 38,929)
Total net assets (liabilities): (42,493) (38,929)
Members' funds
Profit and loss account: (42,493) ( 38,929)
Total members' funds: ( 42,493) (38,929)

The notes form part of these financial statements

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 February 2025
and signed on behalf of the board by:

Name: Carol Monk
Status: Director

The notes form part of these financial statements

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Major expenditure on tangible fixed assets is capitalised. The cost of other items is written off as incurred.

    Other accounting policies

    Going concern The company is considered a going concern based upon continued support from director's and the companies bank. The director of the company is not requesting funds back from the company within the next financial year in order to further support the organisation and help with cash flow.

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 9,585 9,585
Additions
Disposals
Revaluations
Transfers
At 29 February 2024 9,585 9,585
Depreciation
At 1 March 2023 7,407 7,407
Charge for year 1,075 1,075
On disposals
Other adjustments
At 29 February 2024 8,482 8,482
Net book value
At 29 February 2024 1,103 1,103
At 28 February 2023 2,178 2,178

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,753 3,215
Total 3,753 3,215

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 8,683 5,395
Accruals and deferred income 195
Other creditors 38,648 38,927
Total 47,526 44,322

COMMUNITY INTEREST ANNUAL REPORT

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C.

Company Number: 07162626 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

RAINBOW RURAL CENTRE (GT DUNMOW) C.I.C CONTINUES TO WORK HARD WITH ITS COMMUNITY WITHIN ESSEX. AS A REGISTERED CARE FARM OUR WORK IS OUTDOORS AND IN TEMPORARY BUILDINGS, WHICH ALLOWS US SOME FLEXIBILITY TO PLAN AND DESIGN A LARGE RANGE OF ACTIVITIES AND OCCUPATIONAL THERAPY. THESE ACCOUNTS REFLECT THE SLOW RECOVERY FROM THE COVID EFFECT, AND INCLUDES THE SAD LOSS OF OUR REGULAR SEN SCHOOL TWICE WEEKLY ATTENDANCE FOR 13 YEARS. THIS WAS DUE TO THE SEN SCHOOL NOT BEING ABLE TO RECOVER THEIR STAFFING NEEDS, AND THE LACK OF GOVERNMENT FUNDING IN THE EDUCATIONAL AREA. UNFORTUNATELY, THE SCHOOL HAD TO STOP ATTENDING SUDDENLY DUE TO THEIR OWN FUNDING ISSUES, AND THEY WERE VERY UPSET TO LET THEIR STUDENTS, STAFF AND OURSELVES DOWN KNOWING THE NEGATIVE IMPACT THIS WAS GOING TO HAVE. THIS HAS BEEN CLEAR TO ALL BECAUSE THE MENTAL AND PHYSICAL IMPACT ON CHILDREN NOT ATTENDING SCHOOL THEN, AND STILL NOW IS VERY LARGE. WE CONTINUE TO JUST MANAGE WITH OUR SMALL TEAM OF STAFF, AND A FEW VOLUNTEERS, KNOWING THAT RAINBOW RURAL CENTRE IS NEEDED BY OUR REGULAR ADULT FARM CLUB ATTENDEES, ESSEX COUNTY COUNCIL, SOCIAL CARE, NHS, NHS FRONTLINE FOR MENTAL HEALTH AND WELBEING, OUR COMMUNITY WHO VISIT RAINBOW RURAL DURING OUR OPEN DAYS, OR WALKING THROUGH OUR FIELDS AND FINALLY OTHER CHARITIES WHO BENEFIT FROM OUR SUPPORT TOO. CERTAINLY LOSSING OVER £20,000.00 INCOME FROM SCHOOL VISITS SUDDENLY STOPPING IS A REAL UNAVOIDABLE SHOCK, BUT RAINBOW RURAL TEAM ARE DETERMINED TO FIND SOLUTIONS, AND JUST 2 WEEKS AGO WE HAVE BEEN BOOKED BY ANTHER SEN SCHOOL. WE HAVE CREATED OTHER OPPORTUNTIES LIKE OUR ‘SEEDS CLUB’ WHICH OFFERS A PLACE TO MEET AND LEARN NEW SKILLS, AND OUR ‘BUCKET WALKS’ WITH SPECIAL TALKS TOO. RAINBOW RURAL WILL OPEN ITS DOORS MORE OFTEN TO OUR COMMUNITY DURING THE MONTHS OF MARCH TO OCTOBER, AND THIS WAY WE WILL CONTINUE TO FUND OUR VERY NECESSARY WORK.

Consultation with stakeholders

RAINBOW RURAL CENTRE CONTINUALLY SPEAKS, AND CIRCULATES EMAILS AND OUR NEWSLETTER TO OUR STAKEHOLDERS. I ATTEND ANY TRANSITION EVENTS THAT I AM INVITED TOO, AND SPEAK PUBLICALLY WHENEVER I AM INVITED. MANY OF OUR STAKEHOLDERS HAVE COMMUNICATION DIFFICUTIES, SO WE ADDAPT AND INSURE THAT OUR VISITORS CAN FEED BACK THEIR NEEDS AND WANTS.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 February 2025

And signed on behalf of the board by:
Name: Carol Monk
Status: Director