| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| Caroline'S Rainbow Foundation |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 30 September 2024 |
| for |
| Caroline'S Rainbow Foundation |
| Caroline'S Rainbow Foundation |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2024 |
| Page |
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| Caroline'S Rainbow Foundation (Registered number: 04525003) |
| Report of the Trustees |
| for the Year Ended 30 September 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| Caroline’s Rainbow Foundation is a registered UK charity, working to raise awareness of the importance of safer travel to anyone going travelling. We believe travel can broaden horizons. We always encourage people to ‘follow their dreams’, but also to recognise and prioritise life’s values every step of the way. |
| Safer Travel |
| Our Safer Travel App is an easily accessible source of essential information about travel destinations around the globe. It’s also free to download. Over 8 years of research we have collected travel safety information for over 350 popular tourist and backpacker destinations. The App provides; travel safety tips, useful contacts, areas to avoid, cultural insights and common crimes as well as suggesting must-see highlights and attractions. |
| One of our current projects is to reverify and transfer our database of information to our new website www.safertravel.org this means users will be able to access the information through their web browser when they need it without downloading the App. |
| Education |
| An important part of our work is to provide educational materials to young people and support teachers in raising awareness about travelling safely. Our presentations are offered primarily to Schools, Colleges and Universities. |
| Due to the Covid-19 pandemic we have been unable to deliver our presentations, to get around this issue we have recorded sound bites from our presentations and uploaded them to our website so people can still access this important information. |
| Podcasts – Safer Travel Talk |
| Safer Travel Talk is our new incentive discussing all things travel with a different focus each episode. Our aim is to talk to experienced travellers about their travels, discuss safe practices and different safety techniques to help inspire and educate others before embarking on their next adventure. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is a charitable company limited by a guarantee and was incorporated on 3rd September 2002. It is governed by a memorandum and articles of association which were last amended on 9th October 2002. It is registered as a charity with the Charity Commission. |
| Recruitment and appointment of new trustees |
| As set out in the Articles of Association the trustees are appointed with regard to the requirement for any specialist skills needed. Applications for Trusteeship are sought by a variety of means including recruitment of specialist professionals.Trustees are required to retire by rotation. A number nearest to one-third of the number of Trustees must retire and may seek reappointment. The Trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. |
| Caroline'S Rainbow Foundation (Registered number: 04525003) |
| Report of the Trustees |
| for the Year Ended 30 September 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Organisational structure |
| The Trustees meet four times a year at Management Committee meetings. These meetings are attended where necessary by non-voting legal and other advisors. |
| The Trustees also have responsibilities under the Companies Act 2006 as set out in the attached Statement of Directors' Responsibilities. They have specific responsibility to provide reasonable assurance that: |
| - the charity is operating effectively |
| - its assets are safeguarded against unauthorised use or disposition |
| - proper records are maintained and financial information used within the charity or for |
| publication is reliable |
| - the charity complies with relevant laws and regulations |
| Induction and training of new trustees |
| As a small charity operating from a home office, potential trustees are invited to that office and are shown the records of the charity and briefed on the responsibilities of Trustees. On that induction day they meet all the key personnel including the founders of the charity and are asked to attend a board meeting in advance of their appointment, to meet the other Trustees and the company secretary who takes them through their legal obligations. |
| Risk management |
| The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include: |
| - a strategic plan and an annual budget approved by the Trustees |
| - regular consideration by the Trustees of financial results, variance from budgets, non-financial |
| performance indicators and benchmarking reviews |
| - delegation of authority and segregation of duties |
| - identification and management of risks |
| The Trustees have considered risk management as and when necessary. They intend, with appropriate professional advice, to introduce a formal risk management process to assess business risks and implement risk management strategies. This will involve identifying the types of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Caroline'S Rainbow Foundation (Registered number: 04525003) |
| Report of the Trustees |
| for the Year Ended 30 September 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Company Secretary |
| Approved by order of the board of trustees on |
| Caroline'S Rainbow Foundation |
| Statement of Financial Activities |
| for the Year Ended 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Raising funds | 3 |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 4,573 |
| Caroline'S Rainbow Foundation (Registered number: 04525003) |
| Balance Sheet |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Unrestricted | Total |
| funds | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 6 |
| Unrestricted funds | 4,573 |
| TOTAL FUNDS | 4,573 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| Caroline'S Rainbow Foundation |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | OTHER TRADING ACTIVITIES |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Fundraising events |
| Caroline'S Rainbow Foundation |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 3. | RAISING FUNDS |
| Raising donations and legacies |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Office costs | 1,600 | 1,097 |
| Support costs |
| 2,032 | 1,457 |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| funds |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Total |
| EXPENDITURE ON |
| Raising funds |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 4,573 |
| Caroline'S Rainbow Foundation |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 6. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,573 | (1,250 | ) | 3,323 |
| TOTAL FUNDS | (1,250 | ) | 3,323 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 896 | (2,146 | ) | (1,250 | ) |
| TOTAL FUNDS | ( |
) | (1,250 | ) |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.10.22 | in funds | 30.9.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,322 | 1,251 | 4,573 |
| TOTAL FUNDS | 3,322 | 1,251 | 4,573 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,178 | (1,927 | ) | 1,251 |
| TOTAL FUNDS | 3,178 | (1,927 | ) | 1,251 |
| Caroline'S Rainbow Foundation |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2024 |
| 6. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 1.10.22 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,322 | 1 | 3,323 |
| TOTAL FUNDS | 3,322 | 1 | 3,323 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 4,074 | (4,073 | ) | 1 |
| TOTAL FUNDS | 4,074 | (4,073 | ) | 1 |
| 7. | RELATED PARTY DISCLOSURES |