REGISTERED COMPANY NUMBER: SC261893 (Scotland)

REGISTERED CHARITY NUMBER: SC027182

RAINBOW FRIENDSHIP CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

15

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 31 March 2025. 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

Rainbow Friendship Centre Limited was established in 1990 to provide physical and social recreational activities to disadvantaged people of 50 years of age and over from the Carnwadric and Newlands/Auldburn communities of Glasgow. We provide social care and stimulation through our Day Centre to members 3 days per week for 50 weeks of the year. We ensure that our service is fully accessible by operating from ground level accommodation and by providing customised transport to and from the centre. Since our inception we have delivered our service to over 825 service users, their families and carers. The centre offers a homely atmosphere with space to relax, join in activities, access nutritious food and enjoy the company of others, all focused around a personal programme of care.

Key Strategic Objectives

The organisation has four key objectives which are:

To provide an accessible and sustainable high quality care facility, which bridges the gap between home support and institutional care.

To develop effective links with statutory and voluntary sectors to ensure the delivery of appropriate care services for the vulnerable and disabled to combat isolation and prevent institutionalisation.

To improve the conditions of the lives of older people and reduce social isolation, whilst providing support and relief to the families and carers of elderly people.

To promote the welfare of the frail, elderly people from South West Glasgow and assist in the relief of poverty, sickness and distress affecting them.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Rainbow Friendship Centre Limited has continued to provide a good range of activities to vulnerable, older members of our community during the last year. The cost of living crisis continues to be felt by many and so having somewhere warm to go with a range of activities and a hot meal helps to reduce this burden and reduce the risks associated with isolation and loneliness. The centre has enjoyed a partnership with a local nursery helping to provide intergenerational activities for our members and has a strong relationship with the WIN project which sees joint activities throughout the year. Our members enjoy days out, as well as regular lunch and entertainment sessions with Julie at the Capelrig, which are always a big hit.

All of the work of the Rainbow Friendship Centre focuses on improving the lives of our members and our staff team works hard to bring smiles to their faces. We are grateful to our small staff team, led by Ann and to all those who support us in many ways, as without them, we would be unable to operate.

FINANCIAL REVIEW

Financial review

The Statement of Financial Activities shows a deficit of £355 (2024 - £18,397).

Reserves policy

The level of reserves held at 31 March 2025 amounted to £87,381 (2024 - £87,736). The trustees believe that this level of reserves provides an acceptable capital base from which the charity can operate.

FUTURE PLANS

At the present time, the future plans of the Rainbow Friendship Centre are limited. Our Manager and Board of Trustees have been reviewing our funding sources as the funding market has become very challenging. Our first priority will be to secure funding for the centre and the outcome of that work will inform our future plans.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Rainbow Friendship Centre Limited is a company limited by guarantee and is a recognised Scottish charity. It is governed by and in accordance with its memorandum and articles of association. The company was incorporated on 14 January 2004.

Organisational structure

The Rainbow Friendship Centre Limited is a registered charity which has been in operation since 1990 and became a company limited by guarantee in 2004. It serves a catchment area within the south west of Glasgow to provide support and activities for vulnerable, frail and elderly people in the day centre.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC261893 (Scotland)

Registered Charity number

SC027182

Registered office

556 Boydstone Road

Carnwadric

Glasgow

G46 8HP

Trustees

G S Bainbridge

E Boyle

M M Cowans

J Gemmell

D J Hill

E I C Mackenzie

V N Clayton (resigned 2/10/2024)

C McGarvey (appointed 18/4/2025)

Company Secretary

D J Hill

Independent Examiner

Armstrong Watson LLP

Caledonia House

89 Seaward Street

Glasgow

G41 1HJ

Approved by order of the Board of Trustees on 29 September 2025 and signed on its behalf by:

G S Bainbridge - Trustee

I report on the accounts for the year ended 31 March 2025 set out on pages four to fifteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

-	to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Gavin Curr FCCA

The Association of Chartered Certified Accountants

Armstrong Watson LLP

Caledonia House

89 Seaward Street

Glasgow

G41 1HJ

29 September 2025

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME FROM

Donations and legacies

2

493

-

493

1,360

Charitable activities

5

Charitable activities

3

88,537

88,540

65,546

Other trading activities

3

30,314

-

30,314

27,963

Investment income

4

681

-

681

2,488

Total

31,491

88,537

120,028

97,357

EXPENDITURE ON

Direct charitable costs

6

Charitable activities

51,822

68,561

120,383

115,754

NET INCOME/(EXPENDITURE)

(20,331

)

19,976

(355

)

(18,397

)

RECONCILIATION OF FUNDS

Total funds brought forward

73,362

14,374

87,736

106,133

TOTAL FUNDS CARRIED FORWARD

53,031

34,350

87,381

87,736

CONTINUING OPERATIONS

The statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure has arisen from continuing activities.

2025

2024

Notes

£

£

FIXED ASSETS

Tangible assets

11

2,010

2,365

CURRENT ASSETS

Debtors

12

901

1,092

Cash at bank and in hand

86,384

85,797

87,285

86,889

CREDITORS

Amounts falling due within one year

13

(1,914

)

(1,518

)

NET CURRENT ASSETS

85,371

85,371

TOTAL ASSETS LESS CURRENT LIABILITIES

87,381

87,736

NET ASSETS

87,381

87,736

FUNDS

15

Unrestricted funds

53,031

73,362

Restricted funds

34,350

14,374

TOTAL FUNDS

87,381

87,736

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 September 2025 and were signed on its behalf by:

G S Bainbridge - Trustee

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.

Assets and liabilities are initially recognised at historical cost or transaction value otherwise stated in the relevant accounting policy notes.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis, which the trustees believe to be appropriate for the reasons set out in the Trustees' Report.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments like other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Other revenue streams are recognised when there is an understanding of the terms to both parties and the charity has invoiced the appropriate entity. In the event that a service is subject to conditions that require a level of performance before the charity is entitled to funds, the income is deferred and not recognised until either those conditions are fully met or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

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.

Charitable activities

Costs of charitable activities are incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.

Allocation and apportionment of costs

Where possible expenditure is allocated directly to an activity. Items of expenditure which contribute to more than one activity are apportioned on a reasonable, justifiable and consistent basis.

Support costs which are not attributable to a single activity but rather provide the organisational infrastructure that enables output producing activities to take place are allocated on the same basis as expenditure incurred directly in undertaking an activity.

Tangible fixed assets

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

- 15% on reducing balance

Motor vehicles

- 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Judgements

The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The Trustees consider there are no such significant judgements.

Provisions

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

493

1,360

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Membership fees

27,956

26,930

Lottery bus and bingo

2,358

1,033

30,314

27,963

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

681

2,488

5.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Grants

Charitable activities

88,540

65,546

Grants received, included in the above, are as follows:

2025

2024

£

£

GCC Grant Fund

44,403

44,903

Age Scotland

800

-

Hugh Fraser Foundation

4,000

8,000

The James T Howatt Charitable

-

500

J & JR Wilson Trust

-

1,000

Glasgow Food Grant

302

315

Government Fuel Subsidy

1,496

927

Carried forward

51,001

55,645

2025

2024

£

£

Brought forward

51,001

55,645

Bank of Scotland Foundation

20,000

-

Glasgow Wellbeing Fund

10,000

9,900

People's Postcode Trust

5,899

-

Mary Andrews Charitable Trust

1,000

-

ASDA Foundation

400

-

McCarthy & Stone

240

-

88,540

65,545

6.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs

costs

Totals

£

£

£

Charitable activities

115,075

5,308

120,383

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025

2024

£

£

Independent examiners fee

2,136

1,936

Depreciation - owned assets

355

417

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

9.	STAFF COSTS

2025

2024

£

£

Wages and salaries

93,560

90,059

Other pension costs

524

296

94,084

90,355

The average monthly number of employees during the year was as follows:

2025

2024

Support staff

7

10

No employees received emoluments in excess of £60,000.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME FROM

Donations and legacies

1,360

-

1,360

Charitable activities

Charitable activities

-

65,546

65,546

Other trading activities

27,963

-

27,963

Investment income

2,488

-

2,488

Total

31,811

65,546

97,357

EXPENDITURE ON

Direct charitable costs

Charitable activities

44,730

71,024

115,754

NET INCOME/(EXPENDITURE)

(12,919

)

(5,478

)

(18,397

)

RECONCILIATION OF FUNDS

Total funds brought forward

86,281

19,852

106,133

TOTAL FUNDS CARRIED FORWARD

73,362

14,374

87,736

11.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024 and 31 March 2025

14,325

16,320

30,645

DEPRECIATION

At 1 April 2024

11,960

16,320

28,280

Charge for year

355

-

355

At 31 March 2025

12,315

16,320

28,635

NET BOOK VALUE

At 31 March 2025

2,010

-

2,010

At 31 March 2024

2,365

-

2,365

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

901

1,092

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Accruals and deferred income

1,914

1,518

14.	ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025

2024

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

£

£

£

£

Fixed assets

2,010

-

2,010

2,365

Current assets

52,935

34,350

87,285

86,889

Current liabilities

(1,914

)

-

(1,914

)

(1,518

)

53,031

34,350

87,381

87,736

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1/4/24

in funds

31/3/25

£

£

£

Unrestricted funds

General fund

73,362

(20,331

)

53,031

Restricted funds

Charles Hayward Foundation

474

(474

)

-

Hugh Fraser Foundation

4,000

-

4,000

Asda Foundation

-

350

350

Glasgow Wellbeing Fund

9,900

100

10,000

Bank of Scotland Foundation

-

20,000

20,000

14,374

19,976

34,350

TOTAL FUNDS

87,736

(355

)

87,381

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

31,491

(51,822

)

(20,331

)

Restricted funds

GCC Grant Fund

44,403

(44,403

)

-

Age Scotland

800

(800

)

-

Charles Hayward Foundation

-

(474

)

(474

)

Glasgow Food Grant

302

(302

)

-

Government Fuel Subsidy

1,493

(1,493

)

-

Hugh Fraser Foundation

4,000

(4,000

)

-

People's Postcode Trust

5,899

(5,899

)

-

Mary Andrews Charitable Trust

1,000

(1,000

)

-

Asda Foundation

400

(50

)

350

McCarthy & Stone

240

(240

)

-

Glasgow Wellbeing Fund

10,000

(9,900

)

100

Bank of Scotland Foundation

20,000

-

20,000

88,537

(68,561

)

19,976

TOTAL FUNDS

120,028

(120,383

)

(355

)

Comparatives for movement in funds

Net

movement

At

At 1/4/23

in funds

31/3/24

£

£

£

Unrestricted funds

General fund

86,281

(12,919

)

73,362

Restricted funds

Age Scotland

1,000

(1,000

)

-

Charles Hayward Foundation

4,000

(3,526

)

474

Stafford Trust

5,000

(5,000

)

-

Hugh Fraser Foundation

-

4,000

4,000

Glasgow Wellbeing Fund

9,852

48

9,900

19,852

(5,478

)

14,374

TOTAL FUNDS

106,133

(18,397

)

87,736

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

31,811

(44,730

)

(12,919

)

Restricted funds

GCC Grant Fund

500

(500

)

-

Age Scotland

-

(1,000

)

(1,000

)

Charles Hayward Foundation

1

(3,527

)

(3,526

)

Stafford Trust

-

(5,000

)

(5,000

)

Glasgow Food Grant

315

(315

)

-

Government Fuel Subsidy

927

(927

)

-

J & JR Wilson Trust

1,000

(1,000

)

-

Glasgow Community Fund

44,403

(44,403

)

-

Hugh Fraser Foundation

8,000

(4,000

)

4,000

The James T Howatt Charitable Trust

500

(500

)

-

Glasgow Wellbeing Fund

9,900

(9,852

)

48

65,546

(71,024

)

(5,478

)

TOTAL FUNDS

97,357

(115,754

)

(18,397

)

Glasgow Wellbeing Fund/GCVS Mental Heath and Community Fund

A grant received for a care officer's salary.

Age Scotland

A grant received for food and entertainment.

Glasgow Community Fund/GCC Grant Fund

A grant received for wages for the Centre..

Hugh Fraser Foundation

A grant received for a care officer's salary.

Charles Hayward Foundation

A grant received towards activities and events.

Glasgow Food Grant

A grant received for the purchasing of food for the Centre.

Government Fuel Subsidy

A grant received toward the fuel for the Centre.

People's Postcode Trust

A grant received for wages for the Centre.

Mary Andrews Charitable Trust

A grant received for wages for the Centre.

ASDA Foundation

A grant received for the Centre's New Year's Party.

McCarthy & Stone