REACH Trust
(A Charitable ConipAny Limited by Guarantee)
(Formally known As East Midlxnds ChristlAn Fellowships)
Consolidated Financial Statements
For the Year Ended
J l Augyust 2024
Charity Number.. 1080638
Company Niimber.. 03971567

REACH Trust
(A ChAritAble Company Livnited by Guarantee)
Group Trustees, Report for the Year Ended 31 August 2024
Report of the Trustees for the Year Ended 31 August 2024
The Trustees are pleased to present their annual Directors. report together witli tlie consolidated financial statements of
the Charity and its subsidiary foi. the year ended 31 August 2024 which are also prepared to meet the requirements for a
directors, report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 201 I, the Companies Aet 2006, the Memorandum and Articles of
Association and reporting by Ch&rities.' Statement of Recommended Practiee applicable to charities preparing their
accounts in accordance with the Financial Reporting Standards for Smaller entities.
Tl)e charitable company passed a special resolution on l May 2024 cliangiiig its naine from East Midlands Christian
Fellowships to Reach Trust.
Chair's Report
It has been a mixed year financially. It has been encouraging lo see voluntary giving increase over the year, and in
particular the generosity of so many in the church to support the cominunity grocer has enabled the proj¢cl to start and
begJiii lo meet the practical needs of so many in our community.
On a different note, the income from Reach Events has fallen significantly below what was expected. This is not because
Ihcre is less activity, but a resuli of recognising that for several years we had taken more than was sensible out of the
conferencing business. We therefore decided to change the accounting practices so that income for future events was not
donated to the Church until the event had taken place and as a result les5 income was transferred to the Church. The
reduction of this income and the planned inveslinent into the Mediterranean, which wa5 always intended to come out of
reserves has reduced our reserves. The reserves do however remain healthy and within the limits set by both trustees and
the covenant set by the bank.
There has been a continuous drive to itnprove the governance of the Church and this year. R significant step was made
with the introduction of a new body of overseers. These are a group of men and women with independence, wisdom and
experience who can consider the spiritual health of the Church and suppoit the spiritual direction of the Church. It puts
the governance of the Church on a much fimier footing with the Senior Leadership Team, the Trustees and Overseer5,
ea¢h with their respective roles and responsibilities, all working together to provide accounlability and support for the
leaders.
The mission of the Church remains clear. To 'bi-ipiging heaven lo euj'ih, and to ' iP7vesl in Chi-isl-cenlei'LJd communilies
Ihal li'an.ffoi'm oui. woi-ld It aims to deliver this through the promotion of the Christian faith, through practical support of
our communities with a partiCLilar heart for the vulncrable and an increasing regard for our eiivironmenl. The largest
gathering is in Derby where the buildings are used by the Church throughout the week but a150 serve the local business
community through operating as a conference centre. Smaller gatherings in Nottingham. Leicesler, Eastwood and beyoiid
provide a local expre55i0n of the Churcli and reacl) out to vulnerable coniniunities in those cities. T]ie multicultural nalure
of the Church is both a challenge and a strength as we provide a home to Inany who have been displaced whilst we also
benefit from their cultural richne55 and diversity.
There is much to be ihankful for. l am grateful to all of ihe staff for their dedication and commitment and to those who
volunteer faithfully week by week lo support the activities of the Church. Whether paid or voluntary these are the ones
who make the difference, who give of their time and energy so generously and who really do carry the presence of God
with them.
Tliankyou I
David Park
Cliair of Directors

REACH Trust
(A Charitable Company Limited by GuArantee)
Group Trustees, Report for the Year Ended 31 August 2024- continued
PURPOSES AIYD ACTIVITIES
Chiritable Objectives
'I'lIL ObjeLts ol. the C'liaritv are, I'ui. Ihc publiL bLiicfil. tc)-.
Ir? l £idiiaiicLA ihe Clii-i.%ti?( li faiili iii aLcoiil<lllCL' willi ihL StalL111ent of IILIiLfs appec21-iiigi in Il)e S¢hediJle:
(b) reliLvL PL'fsons who are iii Ll)iiililioii.% ol. iiecil or l)ardship or who ai'L' aiJeil 01- sick aiid io reliLve ihL' distress callbeil
Ilio'i'eL)y-
{c) proinole s()Lial incliiqion by i)rciiciiting PL'OI)IL froin bLC()niiiTriF .s(JLiallv LXLILided, I'LljL'iiin(Y tliL' necds i)t th()5e PLI)pIL
vlin arL so¢idlls.' Lx¢liidLLI diid as%i%tillU7 thL'llI to iiiEeiTrrdlc iilto %l)LILlv (1£ nd tor ihc. i)111-pc)sc' ot tl)i% LlclLISL 'fOLially
cxcludcd" niLaii% bLiligl excliidLd troin 5()LiLly. 01 Part ot SOLILly, as I'L%iIIi i)s' heii1(, a nicnibei. of a 4ocially andl()r
CLoiioinical1s depi'ived coinniuiiili.'I,'
(d) aclvi11ice educali()n b). sull) Ineic ns thL 'fi'ustec% mi1y consider appropi'iale iiiclu(lii)4, Iviihout liniitalioii. thL
priiwisioi) c)t" life 8kill% Ii-c'iining foi- retLlk?Les diid otliers, 1£ lid i?artnei'jiio iviili nilier eduLaEi()Iial pioiiidei's lo lio%1 theii.
(-) proinote aiid fiiifil SULli othei. ch(Il'itable piii'p(i%es as the Ti'iistees Inay fiiini tinie to liine think fil.
Prineip81 Activities
The charitable company's principal a¢tivities continue to be the running of the churches known as Reach Derby, Reach
Leicester, and Reach Nottingliain, as well as fledgling slmrt-ups in Malaga aiid Nortli Africa.
Review of the Activity? Aehievements and Performance during the ptriod
When planning the activities for the period the trustees have considered the Cl)arity Commission's guidan¢e on public
bcnefit and the specific guidan¢¢ on charities for thc advancement of religion.
In its inain activities of running chuiches the charity seeks to principally benefit Derby. Leicester. Nottingham and
Eastwood with also a view lo seeii)g how we arc also able to impact further afield in tlic Unitcd Kingdom and abroad.
Tliis is with a view to helping us grow our churches aiid Inake an even more significant and positive contributioii in and
around the cities we are Clirrently placed,
Re&ch lJeicester has become more secure and established. Weekly gatheriiig5 take place, either at Holy Aposiles or at
lioines throughout the city- There is a particular emphasis on work with asyluin seekers and refugees and gatherings are
intentionally accessible. multilingual and including the use of Persian worsliip song5.
Reach Derby leadcrship team is led by Ben Rook. The Church has contiiiued lo grow numerically and celebration
gatlierings have been inlroduced several tiines eacli year where people from across Reach gather together. Sundays also
include active children's work and provision for the youth. Midweek events incliide 'powerhouse player, and 'Celebrate
Recovery, There is an over 50.5 group and the Young Adults group. The Youih group meets weekly and recently took
over l 00 teenagers away for & fun-filled and spiritual few days in Staffordshire and a sim ilar nunibcr to. Liinitless
Trestival" in the summer. Other minislri¢s continiie to flourish- notably the work with church men and women wliere
many are gathering regularly for focussed input and activity. The church continue5 to have an intentional Inler¢ulÉural
feel and the leadership teams increasingly reflect thi5.
ReAeh IYottinghAM has had ¢1 tiirbulent year with a change of leadership. Ben Rook has Stepped in lo provide stability
and a new structure and way of being has been established. A new local team is now in place led by Emmanuel Chiweshe
and the teani will be looking to see how new life cali be breathed into the community in the coming year.

REACH Trust
(A ChAritAble Company Limited by Guarantee)
Group Trustees, Report fijr the Yegr Ended 31 August 2024- continued
Reach EAStwood - Eastwood has been flourishing in recent times with growth and lots of life. The team is in flux and is
being well supported by Ben Rook and the widei. Reach Senior Leadership Team.
Reach The Med.- The team is now well established with a new core of people. It is growing. The Malaga team will be
strengthened ilext year when Adani and Karina Martin move to the city lo bring fresh leadci'ship. The eonnection into
North Africa continues to be strong and there is a growing community ihere too.
Re#eh Centre & ReAch EveJits- Reacli Events is fuiictioning well and has developed into a high quality events business
with the values of the Church at its core. Tliere is I1n increasing emphasis on suppoiting loeal business and increasing
environmental awareness. The revenue from Reach eveiits allows the Church to meet its core objectives.
Theological Edue#tion - Startiiig Seplember 2021, the charity continues in partnership with Westminster Theologi¢al
College to provide a hub for higher education qualificalions.
Re%ch Response - Reach Response is a Reach enterprise to partner Ivith local Christian charities and initiatives and looks
to see how we can proinote thein and release volunteers from within Re&cli to help serve with these organisalions.
Community Grocer- Work on the community grocers has beglin after fundraising achieved the setup figure agreed by
the truslces. Work has begun lo convert the downstairs space of Bridge Hou5c into a shop, store and community hub. The
store manager and deputy manager have also been appointed in readiness for the opening. Work is ongoinsy to recruit a
core of dedicated volunteers with the aim to open in September 2024.
Statement of Public Benefit
The Directors confirm that they have complied with their duties under section 17 of the c.harities Act 201 I, with regard to
public benefit.

REACH Trust
(A ChAritAblt Comp¥ny Limited by Guarantee)
Group Trustees, Report for the YeAr Ended 31 August 2024- continued
FINANCIAL REVIEW
The pi'incipal funding sources of the charity in the year are as always the voluntary donations of its people and the gift
from its trading company Riverside Event Management Limited.
For the year, Reach Trust, including its subsidiary, had income of £992.791 and expenditure of £1,112,462. This resulted
in a nel deficit of £119,671 for the year. The expenditure included depreciation charge of £83.147.
At the end of the Financial Year the Group's net asset position decreased by £119,671 to £799,051 (2023.. £918,722).
Reserves
Trustees are required to ensure that the charity maintains sufficient reserves lo ¢nsure effective coiitinuity in achieving its
objectives should challenging circumstances arise. The trustees have identified that it is appropriate to have a reserves
policy based on the risks associated with a shortfall in donation income and/or significant unanticipated costs. The
trustees consider that it is likely to take three months for the charity to change ils financial model in response to a marked
decrease in income or increase in expenditure and therefore Ihe free reserves (i.e. general fund net Current assets)
minimum target shall be based on the net sum of the following..
Approximately three months of charitable expenditure.
Less. 50 /0 of three months of actual income from unrestricted donations, includiiig a proportion of gift aid
income.
Conimercial trading activity is excluded from the calculation.
Based on the 2023124 accounts. the Reserves required to meet the above criteria would equate to £115,644. Based on
our budgeted and projected figure5 for the following year {2024125), Ilie minimum target is estimated lo be the same.
There is, therefore, an excess of £7,000 between the Reserves Policy level and the actual Free Reserves available. Based
on the budgeled figures for the following year. the excess is estimated lo be tlie same
The Trustees therefor¢ consider that the Charity has sufficient reserves to ensure effective continuity in achieving its
objectives should challenging cTrcum5tan¢es arise.
PLANS FOR THE FUTURE
Conclusion - This next year we are expecting to see a steady development and growth of our core work, the development
of healthy Christians in localities across the East Midlands and where we can, overseas in Spain & N. Africa.

REACH Trust
(A Charitxble Company Limited by GuArantee)
Group Trustees. Report for the Year Ended 31 August 2024- eontinued
Reference and Administrative Details
Charity Name:
REACH Trust
Charitable Status:
The charitable company has charitable status and is reiyistered with the
Charity Commissioii under registration number 1080638.
Company Number:
03971567
Directors:
D Park (Chair}
T J Wood (hppointed 26.10.24)
J R M Abraham (resigned 24.6.24)
A D Smith {appointed 26.10.24)
L L Norinc2n (appointed 26.10.24)
T Stokes (resigned 30.9.24)
J M Wright (resigned 24.6.24)
J M Leacli (appointed 4.J.24}
R S Price (appointed 4.3.241
Secretary:
K C Parmar {resigned 4.3.24)
A Davies {appointed 5.3.24)
Directors:
The ¢ibove Served as Directors as indicated above. The Directors of the
Company are also the Trustees of the charitable activities.
Registered Offjce:
The Riverside Centre
Rivcrside Court
Pride Park
Derby
DE24 8HY
BAnker5:
Barclays Bank PIC
Nottingham and Derby Team
Level 4
I Chapel Qiiarter
Maid Marion Way
Nottinghain
NGI 6HQ
Senior StAtutory Auditors:
TC Group
l O Stadium Business Court
Millenniuin Way
Pride Park
Derby
DE24 8HP
STRUCTURE, GOVERNANCE AND MANAGEMEIYT
Governing Document
Reach Trust is a company limited by guarantee and governed by its Memoranduin and Articles of Association. It is
registered as a charity with tl)e Charily Commission.

REACH Trust
(A ChAritAble CompAny Limited by Guarantee)
Group Trustees, Report for the Year Ended 31 August 2024- continued
Recruitment of Trustees
The Trustees may appoint a person who is willing lo act lo be a Trustee either lo fill a vacancy or as an additional Trustee
provided that appointnienl does not cause the number of Trustees lo exceed aiiy number fixed by or in accordance with
the Articles as the ii)aximum number of Trustees. {The number of Trustees shall be no less than three but shall not be
subject to any maximum, unless determined by ordinary resolution). The Trustees are the members of the charity.
Trllstees, Induction and Training
New dire¢tors receive half a day's overview of Reach Trust's organisational struC￿re, decision-making processes, the
recent financial performance of the cl)arity, together with the bud￿et and receive copies of the Memorandum and Articles
of Association. Directors are referred to and encouraged to read appropriate infom)ation on theii. legal obligAtions under
charity and company law, and the Charity Commission guidance on public benefit.
Related Parties and Cooperation with Other OrgAnisations
In addition to the trustees a related party of the chai'itable Company is a trading company, Riverside Event Manageinent
Liinited. The principal activity of this coinpany is the provision of rooin hire and related facilities,. further detail is given
in note 24 to the accounts. Thc company is a wholly owned subsidiary of the Charity and Gift Aids all of ils profit5 to the
Charity.
P%y Policy for Senior Staff
The Trustees and the key management personnel of the charity are in chai'ge of operating the charity on a day to day
basis. Detai15 of Trustee payinents and relaled party transactions are disclosed in note 20 to the accounts.
The pay of senior staff is reviewed aniiually by the payroll subcommittee who present their report / recommendations to
the board of trustee5 for approval.
Risk Management
The Operations and Policy sub-committee has oversight of Risk Management and other policies within Reach Trust. The
sub-COTnmittee is Illade up of two Trustees (one of whom is the Chair). Head of Operations, Finance and Enterprise. Risk
awareness and implementation of any required policie5 and practices is part of the temis of refer¢nce for this committee
and as such actively looks to maintain a low-risk profile for the or¥ani5ation as a whole.
The following areas are categories that are monitored and under which risks Inay fall..
A. Strategic & Legal
B. Operational
C. Property
D. Employment
Financial
The following were areas where major risks have been identified:
A. Strdtegic & Legal
Employment Legal Expertise Mitigsttion-
As per previous years we maintain our counsel of a HR Solicitor whom we have on a monthly retainer. This has once
again proven to be invaluable as we liave navigated some significant staffiiig cS)anges in the year. In addition, we are also
ulilising legal expertise lo complete the companylcharity name Change and also atnend our Articles of Association.

REACH Trust
(A Charitable Company Limited by GuArantee)
Group Trustees, Report for the Ye4r Ended 31 August 2024- continued
B. Operational
Safeguarding Children and Adults Mitigation=
ThirtyOneEight (an external organisation specialising in Safeguarding) are Reach Trusl's preferred supplier for
DBS checks and expert advice and traiiiiiig. The organisation is used to carry out DBS checks and is used as a
point of expertise for any questions arising within the organisation regarding safeguarding and legal obligations
(or best practice). Creation and iipdating of policies and a database of all volunteers working with
children, youth and vulnerable adults remains a priority with additional section to include training. A current
focus which has gained niore traction is to include more robust policies on vulnerable adults and safeguards
against spiritual abuse.
IT Mitigation..
IT infrastructure continues to be a focus for Reach Trust. It already has in place secure database storage and
processes Isucli as 2FA and virus scanning software) and encourages staff lo be aware of fraudulent
activities especially when it comes to spam emails. Reach Trust has also significantly upgraded the capacity
and security of the internal network to reduce the cyber attack vector.
C. Property
Reach Centre and Bridge House
Reach Trust utilises our preferred insurance brokers and have completed an exercise to ensure that building,
fabric and item valuc5 arc up to date aiid records accurately reflect current assets.
D. Employment
Staffing and HR
As has been mentioncd already ReaGh Trust utilise a legal expert in employment law to ensure that any risks are
mitigated. This has been the case with the changes required within REM.
Systems
Reach Trust have also invested in an online HR system to (electronically) handle leave, sickness, objectives and
meetings. This system has proven invaluable this year.
E. Financial
Income
Regular cashflow analysis remains in place to track the overall financial picture and take action as and where
required.
Fraud
Reach Trust continues to refereiice Charities Commissions Guidance in handling fraud and cyber crime
(htt s:/lwww.
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our-charit -from-fraudllia¢klin
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REACH Trust
(A Charitable Company Limited by Guarantee)
Group Tru5tees' Report for the Year Endtd 31 August 2024- continued
Statement of Directors, Respon5ibilitie5
Tlie Directors (who are also truslees of ihe charitable acliviÉies for the purposes of charity law) are responsible for
preparing the directors report and ihe financial statements in accordance with general applicable law and United Kingdoni
Accounting Standards (United Kingdom General Accepted Accounting Practice)-
Company law requires the directors to prepare fiiiancial stalenients for each financial year whicli give a true ai)d fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources of the
charitable coiiipany for that period. In preparing these financial statements, the directors are required 10..
select suitable accouiiting policies and then apply theni consistently-
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements-
prcpare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The directors are responsible for keeping adequate accounting records tliat disclose with reasonable accuracy at any time
the financial position of the charitable company and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safekeeping the assets of the charitable company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far the director5 are aware..
there is no relevant audit infonnalion of which the charitable company's auditor is unaware. and
the directors have taken all steps that they ought to have taken to make ihemselves aware of any relevant audit
inforination and to establish that the aud itor is aware of that information.
Thc Trustees are responsible for the mainlenxnce and integrity of the corporate and financial iiiforination included on the
charity'5 w¢bsite. Legislation in the United Kingdom governing preparing and dissemination of financial statements may
differ from legislation in oihcr jurisdictions.
Members of the charitable company guarantee to contribute an ainount not exceeding £1 O to the assets of the cliaritable
company in the event of winding up. The total number of such guarantees at 31 August 2024 was 6 {2023.. 6).
TC Group were appointed as the charitable company's auditors dliring the year and have expressed their willingne55 to
continue in that capaGity.
A resolution to re-appoint TC Group as auditors of the Company will be proposed at the Annual General Meeting.
This report has been prepared in accordance with the statement of Recommended Practice: Accounting and Reporting by
c.harities (effective l. January 2019) and in accordance with the special provisions of Part 15 of the Companies A¢t 2006
relating to small entities.
Approved by the Board of Trustees on
2310512025
and signed on its behalf by..
D Park {Director)

Report of Independent Auditors to the Members of
ReAch Trust
(A Charitable Company Limited by Gu4T411tee)
Opinion
We have audited the financial statements of Reach Trust {the parent charitable company) and its subsidiary (the 'group'}
for the year ended 31 August 2024 on pages twelve to twenty five which comprise the Group and Parent Charitsble
Company Statement of Financial Aciivities, the Group and Parent Charitable Company summary Income and
Expenditure Account, Ihe Group and Parent Charitable Company Balance Sheet, the Group and Parent Charitable
Coinpany Cash Flow Stalement and the related notes. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Aecounting Standards, including Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted
Accounting Practicel-
In our opinion the financial slatements-
give a true and fair view of the stale of the group's and parent charitable compaiiy's affairs as at 31 August 2024 and
of the groups incoming resources and application of resources for the year then ended.
have been properly prepared iii accordance with United Kingdom Generally Accepted Accounting Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
B*si5 for opinion
We Conducted our audit in accordance witli International Standards 011 Auditing (UK) {ISAs {UK)l and applicable law.
Our re5p0115ibilities under those standards are further described li) the Auditors, responsibilities for Éhe audit of the
financial statements Section of our report. We are independent of the charitable company iii accordance with the ethical
rcquireinents that are relevant to our audit of the financial statenients in the UK, including the FRC'S Ethical Standard.
and the provisions available for small entities, in the circumstances set out in note twenty two to the financial statement5,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is 511fficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going coneern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to report lo
you where:
the directovs use of the going concern basis of accounting in the preparation of tho financial statements is not
appropriate. or
Ihe director has not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the groiip's or parenl charitable company's ability to continue to adopt the going concern
basis of accounting for a period of at least Iwelve months from the date when the financial statements are authorised
for issue.
Other informatlOD
The other information comprises the informatioii included in the annual report, other than the financial statements and our
Auditor5 report thereon. The Trustees are rcsponsible for the other infomiation.
Our opinion on the financial slalements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so, consider whetl?er the other information is malerially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatemen15, we are required to detemiine whether there is a material mi5Statement in the financial
statements or a material IT]iSStatement of the other information. If, based on the work we have performed, we conclude
Ihat there is a material misstatetnent of this other infom]ation, we are required to report that fact. We have nothing to
report in this regard.

Report of Independent Auditors to the Members of
REACH Trust
(A Ch8ritable Company Limited by Gu*rAntee)
Opinion on other matters pre5eribed by the Companies Att 2006
In our opinion, based on the work undertaken iii the course of tlie audit..
Éhe infonnation given in the Trustees Report which includes the Director's report for Éhe financial year for which the
rinancial statements are prepared is consistent with the fiiianci<il slatemenls. and
the Report of the Directoi's included within the Trustees report has been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
In the l ight of the knowledge and underslanding of the company and its environment obtained in the course of the audit,
we have llot identified material misslalements in tlie Director's report iiicluded within the Trustees report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to yoii
if, in our opinion..
adequate and proper accounting records have not been kept by the parent charitable company. or returns adequate for
our audit have not been received froiii branches not visited by us. or
Parent charitable company financial statements are not in agreement with the aecounting reeords and returns- or
certain disclosures of trustee's remuneration specified by law are not made. oi.
we have not received all the information and explanations we require for our audit. or
the triistees were not entitled to prepare the financial statements in accordance with the small coinpanies regime aiid
take advantage of the small companies, exemption from the requirement lo prepare a Strdtegic Report or in preparing
the Trustees report.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees Responsibilities set out on page nine, the Trustees (who are also the
directors of il)e charitable company for the purpose5 of company law) are responsible for the preparation of the financial
statemcnts and for being satisfied Ihat they give a true and fair view, and for such internal control as the trustees
determine is necessary to enable the preparhtion of financial statements that are free from inaterial misslatement, whether
due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the groups and parent charitable company's
ability to continue as a going concern. disclosing, as applicable. matters relatcd to going concem and usiiig the going
concern basis of accounting unless the trustees either intend to Siquid3te the group or parent charitable company or lo
ease operations, or has no Tealistic alternative but to do so.
Our responsibilities for the Audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the group financial stalemenls as a whole are free from
Inaterial misstatemeiit, whether due to fraud or error, and to Issue a Report of the Auditoi's that include5 our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordanc¢ 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 economi¢
decisions of users taken on the basis of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularitie5, including fraud. Th e
extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below=
Enquiring of management of any known or suspected inslances of fraud, a5 well as considering management's
assessnienl of the susceptibility of the financial statements to fraud.
Perforiiiing 5ub5tantive testing over a selection of journal entries made in the period, to address the risk of fraud due to
mai)agement override of controls. With a focus on entries made by unusual team members or entries made at unusual
liines or on unusual dales.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the
10

Report of Independent Auditors to the Members of
REACH Trust
(A ChArit8ble Company Limited by GuArAntee)
Reviewing the fiiiancial statemeiit disclosures and tesliiig to suppoiting doeuiy]entatioii to assess compliance witli
provisions of relevant laws and regulations described as having a direct effect on the financial stalements. Specifically
clieeking compliance with Charity Commission as well as employment and t￿atIOn laws and regulations.
Performing analytical procedures to identify any iinusual or unexpected relationships that may indicate an increased risk
of Imaterial misstatement as a I'esult of fraud, or management override.
Assessing accounting estimates which have a Inaterial impact of the year end accounts. to determine if there is
indication of manageineilt bias.
Despite the audit being planned and conducted in accordance with ISAS (UK) there reinains an unavoidable risk that
Inaterial misstatements in tl)e financial statements may not be detected owing lo inherent liinitations of the audit, and that
by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional
misrepresentations, or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on ihe Financial Reporting
Council's websile at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.
Use of our report
Thi5 report is made solely to the charitable ¢omp&ny's members, as a body, in accordRnce with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we Tnight state to the charitable company's members
those matters we are required to state to ihem in a Report of the Auditors and for no other purpose. To the fullest exlent
permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
charitablc company's member5 as a body, for our audit work, for this report, or for the opinions wc have formed.
James Liptrott FC
SC (Senior Statutory Auditor)
ror and on behalf of TC Group
Statutory Auditors
l O StadiLiJn Busiiiess Court
Millennium Way
Pride Park
Derby
DE24 8HP
Date

REACH Trust
(A Charitable Company Limited by GuArantee}
Consolidxted Statement of FinanciAI Activities
(Incorpor&ting an Income and Expenditure Aeeount)
for the Year Ended 31 August 2024
2024
2023
Ilnrcslricte
Restricted
Unrestrictcd
Rcstritted
Funds
Notes
Total
Total
INCOME
Donaiions and Lcgaci¢s
437,411
99,297
536.708
426.453
14,256
440.709
litcomgfroin Cliariluhle Activilies
Opertttion of Riverside
ChurLh iiiid delivery or
Mission
Oihrr Incoming Resources
18.350
5.403
6.946
25.296
5,403
27,149
27.149
52,779
52.779
liicomefrom Otlier Trading Aelivilies
Commercial Trading
Aclivities
Incoiiic froin Oih¢r Activities
Invc5tm¢nt Inwm
419.399
419,399
429.888
429,888
5,985
5.985
.253
1.253
886,548
106.243
992,791
910.373
41.405
951.779
EXPENDITIIRF.
Cos¢ of Raisiiig Fund5
Con1mc￿l4l Trading Costs
rundraising C".osls
320.978
320.978
318,886
318.886
Eip¥ndilure on Charitable Acliiljljés
OpLrati(?n of Rivcrsidc
Chiirch and delivery ol.
Mission
Support Costs
689.627
27.015
74,842
764.469
27.015
788.437
9.470
30.697
819.134
9.470
1,037.620
74,842
.112,462
1,116.794
30,697 1.147.491
Nct Ineomel(FxpcnditMre)
Bcfore'l-ransfers
1151,072)
31.401
(119,671)
120CTr.420}
10.709 1195.712}
I'Tan5fer5
1.625
1.625
2,000
2,000
Net Incom¢JlExp¢Dditure)
{152.6971
33.026
(119.671)
1204.420)
8,709 (195.712)
'raxation Charge
Net Movemcnt in Funds
1152.697)
33.026 1119.671 }
1204.420)
8.709
1195.712)
Reconeiliation of Funds
Totsl l.unds Broughi Forward
853,078
65.644
918.722
.057 497
56.936
,114.433
-rotal Funds Carried Forward
700.381
98.670
799.051
853,078
65,644
918.722
There were no r¢cognised gain5 or105ses other than those included in the Sthtement of Financial Activities. All incoming
resources and resources expended derive from continuing activities.
The notes on pages 15 to 25 form PPArt of these financial statements
12

REACH Trust
(A Ch#ritxble Company Limited by Guarantee)
ConsolidAted and Charity Balance Sheet for the YeAr Eiided 31 August 2024
Grou
2U24
Grou
2023
Cliari
2024
Charit
2023
Notes
FIXED ASSETS
'r&ngible Fixed Asscls
Investments
1.661.916
1.726.164
1.661,916
1.726.164
12
Total Fixed Assets
1.661.916
1.726.164
1.661.917
1726.165
CURRENT ASSETS
Debtors- Income I'ax Refund
DLbtors
Bank Accounts
Dcwsit Accounls
Rcsli'ictcd Fund Bank Accounts
PLlly Cash
Prepuyinents and Accrued Income
IntercompÈu)y
58.C)26
55.432
27.327
115.640
98.670
1,619
7.512
15,689
34.837
176.500
119.074
65.644
1.008
459
58,626
1,401
5.661
115,640
98.670
1.318
7.512
15.689
(762)
127.991
119.074
65.644
808
459
3.003
TOTAL CURRENT ASSETS
364,826
413.211
288.828
331,906
CREDITORS..
Amounl.s falling due within one )iear
13
(197.417)
(176.748)
{148,535)
{123.750)
NET CURRENT ASSETS
167,409
236.463
140.293
208.156
TOTAL ASSETS LESS
CURRENT LIABILITIES
1.829,325
1,962.C)27
1,802,210
1,934.321
CREDITORS:
Amounts falling due after more ihaii onc ycar
14
11.030.274
1.043.905)
1.003.371)
NET ASSETS
799,051
918.722
798.839
922.790
THE FUNDS OF THE GROUP:
Re.8tri¢led Funds
17
98.670
65,644
98.670
C)5.(p14
Uni'e5tricted Funds..
Subsidiary
Designated
Balancc of Unrestricted Funds
212
59.564
6411,605
(4,0681
57,177
799.969
18
59.564
640,605
57.177
799.969
700.381
853,077
700.169
857.146
TOTAL CHARITY FUNDS
18
799.051
918,722
798,839
922.790
I'he Trustees liavc prepared group accolints in accordance wilh section 398 01. the Companies Act 2006 and section 138 of the
Charilies Aci 2011. Thesc accounts are prcparcd in accordance wilh ihe special provisions ot- Part 15 of ihe Companies Act relatii)g
lo small companies and constilute the annual accounls required by ihe Compani¢s A¢i 2006 and are for circulation lo Ineinbers o l-
Ilie company.
2310512025
Approved by the Board..
(Datel
The notes on pages 15 10 25 10rn] part of these financial statements.
13

REACH Trust
(A Charitable CornpAny Limited by Guarantee)
Consolidated Cash Flow St#tement at 31 August 2024
2024
2023
Net Cash Flow from Operating Activities
25
7,061
20,242
Returns on Investments:
Interest Received
Interest Paid
5,985
90,501)
1,253
73,569
(77,455)
{52,074)
Taxation
Disposal of Fixed Assets
Capital Expenditure and Financial Investments..
Purchase of Tangible Fixed Assets
16.146
(96.353)
168.220)
Financing:
Capital Element of Loan Repayments Made
Capital Elenient of Loan Repayments Received
(22.617)
(45.488)
Net Cftsh Infiowl(Oufflow)
118,970
113708
Increascl{Decrease) in Cash in the Year
{118,970)
{113.708)
Net Cash Resources at 31 August 2024
362,226
475,934
Net Cash Resources it 31 August 2024
243,256
362,226
At 1.9.23
Cash flow
At 31.08.24
Net r4sh
Cash at bank
362,226
118,970)
243,256
362.226
118,970)
243,256
Debt
Bank loans
(1.083,596)
22.617
(1,060.979)
(1.083,596)
(1060.979)
Total
721,370
96.353
817,723
14

REACH Trust
(A Charitable Company Limited by Guarantee)
Notes to the ConsolidAted Financial StAtements for the Year Ended 31 August 2024
StAtutory Inforniatio
Reach Trust is a private Charitable Coinpany, Limited by Guarantee, registered in
England and Wales. The C,haritable Company"s registered number and registered office can be fouiid on page
five.
Accounting Policies
Basis of Preparation
Tlie financial statements have been prepared in accordance with Accounting and Reporting by Charities-
Statement of Recommeijded Practice applicable to charities preparing their accounts in accordanee witli the
Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS102) Ilssued 1° January 2019)-
(Charities SORP (FRS102)), tlie Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) and Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction
value unless otherwise stated in the relevant accounting policy note(s).
The financial statements are presented in sterling £1.
Group Financial Statements
The financial ststemeiits consolidate the results of the charity and its wholly owned subsidiary Riverside Event
Management Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and
Expenditure account for the charity has not been presented because the Charity has taken advantage of the
exeiiiption afforded by Section 408 of the Companies Act 2006.
Reach Trust meets the definition of a public benefit entity under FRS 102.
Going Concern
The Trustees have reviewed the charity's financial posilion, inrluding its reserves and future budgets, as part of
their assessment of the charity's ability to continue as a going concern. Although the charity has reported a deficit
for ihe currenl financial year. it holds significant cash reserves that are sufficient to wver operationai cost5 for
the foreseeable future and maintain its cash reserve policy.
The budgets have been prepared wilh reasonable assuinptions regarding income and expendilure. Based on these
reviews, the Trustees arc confident ihal the charity h85 adequate resources to meet it5 liabilities as they fall due
for a period of at least 12 Inonths from the dale of signing the financial stateinents.
Depreciation And Fixed Assets
Fixed assets costing less than £1,000 are not capitslised. Depreciation is provided on a straight-line basis at rates
estimated to Ivrite off each asset over the term of its Useful life. The rates in use are as follows=_
Freehold Property
Office Equipinent
Fixtures and Fittings
2% and IO% perannum
I013￿j0/0 per annum
I 00/0 per annum
Donations and Offerings Received
Voluntary incoine received by way of donalions and gifts is accounted for when receivable. Any resuli&nt gift
aid tax claim is included as part of the income for the year.
Other Income
Other income is accounted for on the accruals basis so far as i5 prudent to do so.
Investment incotne is included when receivable.
Donated Services and Facilities
Donated services and facilitie5 are recognised as income when the charity has control over the item, any
conditions associated with the donated item have been Inet, the receipt of economic benefit from the use by the
harity of the item is probable and Ihat econoinic benefit can be measured reliably. On receipt, donated services
and facilities are recognised on the basis of the value of the gift to the charity, which is the amount the charity
would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open
market; a corresponding amount is then recognised in expenditure in the period of receipt.
15

REACH Trust
(A Charitable Company Limited by Guarantee)
Notes to the Consolidated Financial StAtements for the Year Ended 31 August 2024 - eontinued
vi)
Expenditure and Irrecoverable VAT
Expenditure is allocated to the relevant cost category in accordance with internal guidelines issued by the charity
and is appropriate to the use derived froni the resources. Expenditure is recognised on an accrual basis as the
liability is incurred and includes VAT wliicli cannot be recovered.
vii) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity.
Designated funds are unrestricted funds earmarked by the Management Cominittee for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or ihrough the
terms of an appeal.
viii) Pen510115
The charity operates a defined contribution pension scheme. Contributions to the scheme are recognised as
resources expended upon payment. The assets of the scheme are held separately froin those of the charity in an
independently administered fund. Contributions payable for the year are shown within the Statement of
Financial Activities.
ix)
Limited by Guarantee
The Charity is limited by guarantee and in the event of it being wound up, every iiiember is liable to Contribute a
sum not exceeding £1 O. There are no shares of any class either authorised or allocated.
LeAses
Rentals payable under operating leases are charged to resources exp¢nded on a straight-line basis over the period
of the lease.
xi)
Investment in Subsidiary
The investment in the subsidiary is included at Cost.
xii) Deferred TAXAtion
Deferred tax is provided in full in respect of iaxalion deferred by timing differences between treatmenl of certain
iteins for taxation and accounting purpose5. The deferred tax balance has not been discounted.
This accounting policy is relevant for the subsidiary only. As slated in note 10, Reach Trusl is a registered
Chai'ity and is thus exempl from tax on income and gains.
xiii) Debtors
Debtors are recognised at Ihe settlement amount owed to the Charity or prepaid.
xiii) Creditors
Creditors aT]d provisions are recogT]ised where the Charity has a present obligation resulting from a past event that
will probably result in the trnnsfer of funds to a third party, and the amount due lo settle the obligation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.
xv) Financial Instruments
The Charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at Iransaclion vallte and subsequently measured at their sertlement
value.
16

REACH Trust
(A Charitable CompAny Limited by Guarantee)
Notes to the Consolidated Fin%neiAI StAtements for the Year Ended 31 August 2024- eontinued
xvi)
Judgtment And Key Sources of Estimation UneertAinty
The preparation of accounts using generally accepted accounting principles requires management to make
estimates and assuinptions thal affect the reported amounts of assets and liabilities at the date of the
aecounts and the reported amounts of revenues and expenses during the reporting period.
The key estimates and assumptions used in the Financial Statements are detailed in the accounting
policies.
Income from Trading Subsidiary
During the year the subsidiary coinpany donated the majority of its profits to the Charitable company as Gift Aid
donations.
The income received from Riverside Event Management Limited during the year was as follows=.
2024
2023
Rent and rates
Gift Aid Donation
80.316
12,639
92,955
73,356
30,000
103,356
Investment Income
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Tot21
Interest received
5,985
5.985
1.253
Other Ineoming Resources
UDrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
Other
5,403
5,403
52,779
5,403
5.403
52.779
Fund raising trading: cost of goods And other costs
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
Fund raising costs
17

REACH Trust
(A CharitAble Company Limited by GuarAntee)
Notes to the Consolid8ted Financial StAtements for the Year Ended 31 August 2024- continued
Expenditure on Charitable Activities
Unrestrieted
Funds
Restricted
Fund5
2024
Total
2023
Total
Pastoral Fees & Expenses
Ministry Costs
Property Costs
Office Costs
Mortgage and Finance Costs
Other Expense
Event Costs
342.251
72.244
141,161
43,470
90,501
342,251
147,086
141 161
43,470
90,501
401,077
163,763
138,185
35,883
73.569
400
6,257
819.134
74.842
689,627
74,842
764,469
Support Costs
Unrestricted
Funds
Restricted
Funds
2024
Total
2023
Total
Auditors Remuneration
Auditors Remuneration: non-audit
Accountancy Charges
8.750
1,200
17,065
27,015
8.750
1,200
4.394
1,188
3,888
9.470
27,015
Net Incoming Resources for the Period
2024
2023
The net incoming resources are after charging.."
Depreciation of tangible fixed assets
Auditors remuneration..
Charitable Company
Other (accounts assistance)
Operating leasc rentals
83.147
8,750
1.200
4.394
1,188
Reach Trust and Riverside Events Management Limited Directors givin(F in the financial year tolall¢d £26,056
(2023= £282).
During the year the average number of staff employed by the group was 2112023- 24). the majority of staff are
ernployed on a part time basis. No member of staff was paid in excess of £60,000.
2024
2023
Staff costs note..
Salaries
Pension costs
Social Security costs
407,896
19,928
28,873
456,697
475,538
21,641
35,944
533,123
Trustee Remuneration and Related Party Transactions
Other than in note 20. no emoluments were received by the board of trustees in their capacity as trustees.
There were no other emoluments or expenses paid to any Charity trustee or persons conneeted with such a
trustee, directly or indii'ectly from the funds of the company or from the property of any situation or body
corporate connected with the Charity.
18

REACH Trust
(A Charitable Company Lirnited by Guarantee)
Notes to the Consolidated Financial Statements for the Year Ended 31 August 2024- continued
10.
Taxation
2024
2023
Corpordtion Tax
Reach Trust is exempt on tax on income and gains falling within section 505 of the Taxes Act 1988 or Section
256 of the Taxation of Cliaritable Gains Act 1992 to the extent that they are applied to its charitable activities.
No tax charges have arisen in tl)e Charity.
Analysis of Movement in Fixed Assets
GROUP
Freehold
Pro
ert
ui
Total
Cost
At I September 2023
Additions
Disposals
2,257,323
3,276
447,172
15,622
8,687
2,704,495
18,898
8,687
At 31 August 2024
2,260.599
454 107
2 714706
Accumulated DepreciAtion
At I September 202J
Charge for the year
On disposal
742.170
47,551
236,160
35.596
8.687
978,330
83,147
8,687
At 31 August 2024
789,721
263.069
1,052,790
Net Book Value
At 31 August 2024
1.470,878
191,038
1.661,916
At 31 August 2023
1,515,153
211,012
1,726,165
CHARITY
Freehold
Pro
ert
ui
nd fittin
Total
Cost
Al I September 2027
Additions
Disposals
2,257.302
3,276
438,506
15,622
2,695.808
18,898
At 31 August 2024
? 260,578
454,128
2,714,706
Accumulated Depreeiation
At I September 2023
Charge for the year
On disposal
742.170
47,551
227.473
35.596
969,643
83,147
At 31 August 2024
789,721
263,069
1,052.790
Iyet Book Value
At 31 August 2024
1,470,857
191.059
1,661,916
At 31 August 2023
1,515,132
211.033
1,726,165
19

REACH Trust
(A ChAritible Company Limited by Guar%ntee)
Notes to Éhe ConsolidAted FinxneiAI Statements for tht Year Ended 31 August 2024 - continued
12.
Investments
CHARITY
2024
2023
Investment in Riverside Event Management Limited
The company owns IOO/o of the issued share capilal of a trading company, Riverside Event Management
Limited. whose principle aetivity is that of the provision of room hire and related facilities.
13.
Creditor5: Amounts falliDg due within one year
Grou
2024
Grou
2023
ChArit
2024
Chari
2023
Lease Fixed Assets
Amount due to Subsidiary
Taxation and Social Security
Aocruals
Bank Loans (Secured)
Bounce Back Loan
634
5,450
634
82,564
5,201
34,903
19,761
5,472
5,450
50,000
8,968
24.478
29.382
5,472
19,882
146,196
19,761
10.944
14.656
116,317
29.382
10,943
197,417
176,748
148,535
123,750
14.
Creditors". Amounts falling due #fter one yeAr {Group and Charity)
Grou
2024
Grou
2023
Chari
2024
Charit
2023
Bank Loans (Secured).. 2 to 5 years
More than 5 years
165,002
811,466
117.529
860.994
165,002
811.466
117,529
860,994
Lease Fixed A55ets-.
2 to 5 years
634
634
Bounce Back Loans..
2 to 5 year5
More than 5 years
43,774
10,032
1.030,274
43,773
20,975
1.043,905
21,887
5.016
1,003,371
21,887
10,487
1,011,531
The Bank Loans are secured by way of a fixed and floating charge over the property of the Charity. Interest is charged
at 3.5 /0 per annum over the Bank of England base rate prevailing.
The Bounce Back Loans are not secured and are repayable over l O years at an interest rate of 2.5019 per annum.
The leased asset is a hire purchase agreement (capital lease agreement), for the purchase of coffee Tnachines.
20

REACH Trust
(A Charitable Company Limited by Guarantee)
Note5 to the Consolidated Financi81 Statements for the Year Ended 31 August 2024- continued
Summ¥ry of Funds- Group
A58¢
31.8.23
Asat
31.8.24
Incomin
Oul
oi
Tran5fer5
2023
Restricted Funds
Unrestricted Funds
Tradiiig Subsidiary
65,644
857,146
4,068
106,243
467,149
419,399
74,842
622,501
415 119
1,625
(1,625)
98,670
700,170
212
65,644
857,146
4.068
918,722
992,791
1.112,462
799,051
918.722
16. Summary of Funds- Group
A58t
31.8.22
AsAt
31.8.23
In¢omin
Out
oin
'IrArk5fcrs
2022
Restricted Funds
Unrestricted Funds
Trading Subsidiary
56,936
1,062,574
41,405
589,290
321.083
30,697
796,720
320 074
(2.000)
2,000
65,644
857,146
56,936
1,062,574
1,114.433
951,779
1,147.491
918,722
1.114,433
Analysis of Net Assets Between Fund5
Ceneral
Fund
Restricted
Funds
2024
Total
General
Fund
Restricted
Fund5
2023
Total
Tangible fixed assets
Investments
Current assets
Current liabilities
LoTtg tenn liabilitie5
1,661,916
1,661,916
1.726,164
1.726,164
266,156
{197.417)
1030,274
98,670
364,826
{197,417)
1030 274
346,168
(175,350)
.043,905
65,644
411,812
(175,350)
,043.905
700,381
98,670
799,051
853,077
65,644
918,722
21

REACH Trust
(A Charitable Company Limited by Guarantee)
Note5 to the Consolidated FinAnei#l Statements for the Year Ended 31 August 2024- continued
18.
Restricted Funds
The following are details of the charity's restricted funds-.
At 1.9.23
Income
tnditure
Transfers
At 31.8.24
Belper Youth
Hong Kong
Missions Development
BCC Hardship Pund
Reach Response
Benevolent Fund
Open Door5
Reach Inspiration Fund
WTC
Alpha
Commuiiity Grocers
Synergy
10.500
21,925
4,751
1,726
10,809
5,230
683
6,532
3,488
703
22.153
9,799
229
4,751
935
9.420
5,230
683
6,385
8,662
297
1,009
1.088
2.398
702
5,804
690
97,410
100
106,243
849
630
1,626
44,705
52,705
100
98,670
65,644
74.842
1,626
At 1.9.22
Income
enditure
Transfers
At 3J.8.23
Belper Youth
Hong Kong
Harper
Missions Development
Alpha
Sphere Money (Synergy)
BCC Hardship Fund
Reach Response
Benevolent Fund
Open Doors
Reach Planting
Reach Inspiration Fund
ICUK
WTC
12,500
(2,000)
10,500
21,925
22,840
915
155
155
4,751
2,206
2,850
1.834
10,688
8,617
683
2.083
7,081
4,751
4,559
1,000
6,765
3,850
108
8.199
6,091
1.726
10,809
5.230
683
8.320
2,704
175
1,807
2,356
6,532
3,488
56,936
3,488
65,644
41,405
30,697
2,000
22

REACH Trust
(A ChAritable Company Limited by Guarantee)
Notes to the Consolidated FinAnci#l Statements for the Year Ended 31 August 2024- continued
Purposes of rcstri¢r¢d funds-_
Bel er Youih
A Icgacy rcceived during IhL prior year for thc work amongsl the youth specifically in
Belper. and wider ivithin the Reach sphere ol-youth iyoi'k.
Re￿h Trust supports various overseas and homebased workers within the egis of the Reach
-l-rust. Special collections taken fror these individualq is disbursed to thcm to provide supy)rt for
Ihe specific purposes lor which ihe collcction is taken.
Missions Develo
ment
Developmcnt to support over.qeas Irip%, peoplL serving overseas and in the UK, providing
support lo relugees.
The Alpha course is an evangelistic course which seeks to introduce the basics of the Christian
faith through a series ofialks and dis¢ussions.
S hcrc Mon
ner
This money is to slip￿rt the administration of an iniliaiivc ot a neti¥ork of churches working
logcthcr in the UK. named as 'Synergy', which ivill be regi5tcred as a charity in its own right in
the ncai. futurc.
LIC.C Ilardshi
A .qpc¢ial colleclion thkcn up by Bclpcr lo support individuals and fdmiSie% at a time whcn they
are unablL io support thctnsclvcs. and to lielp through the dit]i¢ult period.
Reach Res
onse
A special collection wa8 thkun during Ihc ycar to support (he work ol. partners that Reach Triist
lias workcd with over the years and whosc aims and pl1r￿SC5 align with Reach Trust's. During
the y¢ar the tnoncy was disbursed to various partners. prinLipally DCM, Storchousc. Upbcal
Communitie%, Welcomc Churches, Rcstore. Safe Fainili¢s for Children, Saftires, 14opc City
Furniture, Shoulder lo Shouldcr and Talk It Over, which Reach Trust have supportcd ovcr the
Benevolent Hardslii
ci.'r)
A special colleclion ivas taken during tl)c Covid Pandemic to siippori the disadvgnlagcd. I'h¢ Inoney
was di5burscd ta variaus individuals facing financial difTiculticE during th¢ Crisis. identified by (he
Seiiior Leader.% l-eain and Cominunity Groups ihroughout Reach. The Bci)¢volent Fund wa5
aiiialgamated wilh the Covid Crisis l-.und during ihc year. A lun(I sel up lo providc support to those in
timc or rinancial need at ihc discretion ofthc Rca¢h Trust's leadership.
A special ¢ollecLlQlI taken to support the work of Open Door.8 al a lime of a particular crises in a
ovcrseas country
Reach Plantin
A special colleclion wos taken during the year to support the R¢arh TTUSI members and partner% lo
plaiil churchcs in Lasl Midlands. thc resl ol UK and overseas.
Rcac
rration
Th¢ fuiid wa5 set up during the prior year to 5UPPOrt the development of a niinistry for the i¥omen
within the meTnbeis of the Church and the COLnmunity
ICUK
Tliis Inoney 15 held on behalf of ICUK {Inter Cultural IJK), to support the adTninistration of an
initiative wl)ich will promolc ihc vision and values of inlereultural ¢hurch to Christian gTOUP.% in the
UK. ICUK was registered as a charity in it5 own right iii the year.
WTC
During the Year Reach Trust coniiiienced work in partiiership with Ihe Westminster Theolo8ical
Collc¥c as a 'Flub Centre, in ihe Midlands to orrer accredited courses in theology. A on¢ otr specific
donation was received lo support the provision of a digital library for ihc students enrollcd on the
WTC courses.
Comiiiunii Grocers
Reach Community Grocers was ¢slablished to support families and individuals in the region who are
racin8 the dil'lI¢ult cl)oice between h¢aling and ealing. Thi% fami shop-stylL groceTS aims to Iielp ih05e
struggling lo put food on the table ainidst thc current cost-of-living crisis. It also works to r¢duce food
¥'aste and suppori niembers ihrougli Free courses and skills development. The grocers opcncd in
Scpleniber 2025. willi funding sp¢nt iii lale July & August 2025 niainly on staffing and fixturcs &
23

REACH Trust
(A Charitable Company Limited by Guarantee)
Notes to the Consolidated Financial Statements for the Year Ended 31 August 2024- continued
Designxted
Funds
The designated funds are alloeated for capital projects and spiritual Cons￿ltan¢y, the
balance left aside being £59,564
19. Financial Commitments
A photocopier lease commenced ii) January 2022 for a period of 5 years, quarterly pxyments of £545 are made
againsl this liability.
20. Related Party Transactions
No directors of the Charity had received remuneration during the period in their capacity as pastor or teacher.
There are no other related party transactions.
21. Penslon Commitment
The Charity contribules to defined contribution pension sehemes. The assets are held and administered by
individually selected pcnsion providers. The pension cost charge represents contributions payable by the
Charity to the pension schemes and amounts to £19.928 (2023.. £21,641).
22. FRC Ethical Standard- Provisions Avai18ble for Small Entities
In common with many other entities of our size and nature we use our auditors to assist with the preparation of
the financial statements.
23. Capital Commitment
At 31 August 2024 the Charity had no capital comniitment5 (2023- NIL).
24. Subsidiary Company
Riverside Event Management Limited - The Charity owns IOOO/o of the issued share capital of Riverside
Event Managernent Limited ("REM"), a company registered in England and Wales {compaT]y number
04473452) the registered office is The Riverside Centre, Riverside Court, Pride Park. Derby, DE24 8HY. The
subsidiary is used to further the overall objectives of the Charity by the provision of room hire and related
facilities.
24

REACH Trust
(A CharitAble Company Limited by Guarantee)
Note5 to the Consolidated Financial Statements for the Year Ended 31 August 2024- continued
A proportion of their taxable profits is given as a charitable donation to the Charity by Gift Aid- the amount for 2024
was £12.639 (2023: £30,000). A summary of the results of the subsidiary is shown below..
2024
2023
Turnover
Cost of Sales
Other Income
Gross Profit
419,399
{116.684)
424,439
(157,927)
302,715
266,512
Adininistrative Expenses
NeÉ (Loss)IProfit Before Tax
298,434
4,281
266,503
1.009
Taxation
Net (Loss)IProfit After Tax
4,281
1,009
Net Assets
4,281
1.009
25. Cash Flow Statement
Reconciliation of net movement in funds to net cash flow from operating activities..
2024
2023
Net incoming resource5 before taxation
(119,671)
(195,712)
Adjustments:
Interest paid
Investment in¢ome
Depreciation charges
{Increasc)Idecrease in debtors
Increasel(decrease) in creditors
90,501
(5,985)
73,569
(1,253)
83,039
(10,453)
71.052
(70.585)
29,654
7,061
20,243
25