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2022-03-31-accounts

2022 Annual Report

Annual report and financial statements for Reaching the Unreached For the year ended March 2022

Charity No 1091295 Company Registration No 04217700

Reaching the Unreached Charity No 1091295

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Contents

Chair’s Introduction ……………………………………………………………………………………. 3 Aims and objectives …………………………………………………………………………………… 4 Structure, governance and management …………………………………………………………... 4 Review of developments, activities and achievements ……………………………………………. 6 Finances, investment and reserves policies……………………………………………………….... 9 Responsibilities of the trustees ………………………………………………………………………. 11 Report of the independent examiner ………………………………………………………………... 12 Statement of financial activities ……………………………………………………………………… 13 Balance sheet ………………………………………………………………………………………...... 14 Statement of cash flows ............................................................................................................. 15 Notes to the financial statements …………………………………………………………………….. 16

Administrative details

Office 16 Glasshouse Studios, Fryern Court Road, Fordingbridge, Hants, SP6 1QX Telephone 01425 657321 Email info@rtu.org.uk Web www.rtu.org.uk RTU-India

Registered Office

16 Glasshouse Studios, Fryern Court Road, Fordingbridge, Hants, SP6 1QX

Independent Jeremy Kitson, Prime Accountants, Corner Oak, 1 Homer Road, Solihull, B91 3QG Examiner

Bankers Unity Trust Bank, 9 Brindley Place, Birmingham, B1 2HB

Directors and officers

Reaching the Unreached (RTU) is a company limited by guarantee (Company No 4217700) and has adopted the Memorandum and Articles of Association Model of the Charity Law Foundation. It was incorporated on 16[th] May 2001 and obtained charitable status on 21[st] March 2002 (Charity No 1091295). In 2002 it took over all of the operations of the unincorporated Charity of the same name established in 1983. The directors of the Charitable Company (the Charity) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.

The trustees who served the Charity during the year and since the year end were as follows:

Amy Anderson
Ian Brady Chair and Executive Group Member
Kenneth Brackenridge
Margaret Davies Executive Group Member
John Deeney
Sean Henry Treasurer and Executive Group Member
Andrew Moore
Max Philbrick
James Playfair Executive Group Member
Scott Preston Safeguarding Lead and Executive Group Member
Thomas Williams Vice Chair and Executive Group Member

Annual report and financial statements for the year ended 31 March 2022

Reathlthgthe Uortached Charfry No 1CQ1295 Chairfs introduction Foralmosl 50 years Reaching the Unreached IRTU-11, one ol our partners in South IndSa, has served the poorest rural communities in Theni and Dindtgul Districts, north-west of the ctty of Madurai, in Tamil Nadu. ke many similar charftles, RTU-I was I0￿ed lo abandon Its usual aotivrties alfnost ovemlght durfry the Covid- 19 pandemic. They rapidly concentrated their resources on emergency response, assisting the rnany familles and displaced people who urgently needed practical, direct support Simply lo survive. Thanks lo the diligent and clear-sighted leadership ol the Director, Father Antony Paulsamy, and his tireless and dedicated staff, RTU-I mèt these challenges admirably. As I reported last yaar, they also took the opportunity presentsd by the enforced suspension of core work to remew thelr strategic direction and streamline their ways of working. They were therefore well-placed to act quickly and effectively as they gradu￿lY resumed their core piogrammes. We b81ieve they have emerged from the crisls Stronger than ever. FITU-I is delighted and relieved to be able to welcome new children lo the Children's Villages and hostels once again. Th08e who have only ever known a lrfe ol povety were especially hard hit by the pandemic. Many lost their parents or carers or were othèrwise dlsplaced or rendered homeless in the chaos of lockdown. Wè rejoice that RTU-I once again provide a safe haven lor Ihe most vulnerable of these girts and boys. They rernain. as always. Ihe beating heart of RTU-I'S work. As pupils retum to their schools, they are also taking steps to ensure that every chikl's educational attainment is affected as little as possible by the long periods when the schools were close(S in Tamil Nadu. Add(tional teaching for chiklren who have I￿len behind their peers and those with specrfic 8ducational needs, together with improvements lo the rural Evening Study Centres, are just ol the inilialives that are enabling them to r&estsblish regular school attendance. rebulhg students, confide￿¢ and aknlities, and equip thorn to make tha most ol their future life opportunities. Meanwhile, RTU-I have successfully re-started Ihe housebuilding and water prograrnmes, building safe homes lor the very poorest families, and digging wells for communities who lack clean water. Our well-drilling activities have never b8en n88ded more, as climate change subjects large parts ol India to increasingly frequent and extreme heatsvaves and scant rainy seasons followed, inevitably, by lrfe-threalening drought. In terms of financ88. we were ￿nable lo spend m08t of the designated r88erves in our Covid Recovery Fur cause of the second wave of Covid-19 in India at the beginning ol the 2021-22 financi￿ year which agatn meant that many of the proorammes were suspended due to further lockdowns. The total funds in our balance sh￿t Iheretore exceed our reserves wlicy al year end. However, in the currant year ending in March 2023, our rgsgtves are predicted to d8creasa substantially as we prowda rnore funding lor RTU-I'S activities arKI in expectation ol continued oxchange rate volatility. As we move forward, we owe a huge debt ol thanks to our dedicat￿ and generous supporters, who helped us to continue to support our work throughout the pandemic. Our particular thanks go lo the indiwduals, church groups and charitable trusts we rely on for donations. All of us who are involved with. and SUPF)Ort RTU-I'S work continue to draw strength from the founder and friend. Brother James TrQmpton. who touched so many lives with his steadfast fath and pure heart. We rgmernber him with prolound admiration and gratitude lor all he did lo reach out lo very marginalised people. Thank you for reading this report and joining us on the n8xt stage of ourlourney. lan Brady Chair The trustees are pleased to present our report for the year end￿ 319t March 2022. Annu￿ rèwt ￿ Inarti￿ swm8ntsforfv year 31 Marth 2022

Reaching the Unreached Charity No 1091295

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Aims and objectives

Charitable Aims

The purpose of the Charity, as laid out in the Memorandum and Articles of Association, is to relieve poverty, advance education and protect health amongst persons living in under-developed countries (particularly in respect of refugees and those living in rural areas).

The key objectives of the Charity are:

How we achieve our objectives

The Charity achieves its objectives primarily through the funding and support of a wide range of services at Reaching the Unreached in India (RTU-I), a fully independent sister organisation located under the Palani Hills in the state of Tamil Nadu, South India, registered as a Society in 1978. We also provide support to other organisations undertaking similar work in South India in consultation with RTU-I, namely Jeevan Jyothi Hospice and the Rural Area Development Trust (RUADT).

RTU in India is a highly successful and far-reaching, grassroots organisation offering a range of services to empower some of the most marginalised and disadvantaged people in rural South India from scheduled castes, particularly focusing its services on children. It is a secular charity founded on Christian principles and it is fully inclusive, providing support to people in need of all backgrounds and all faiths. It obtains direct funding from international grant-making organisations to cover some of its activities, and donations from individuals, foundations and corporates in India and overseas. It uses the funds raised by RTU-UK to fund new initiatives and the ongoing provision of services to beneficiaries not covered by other funding sources. The trustees work closely with RTU in India and have an in-depth knowledge of its work.

Achieving public benefit is a fundamental driver of the way the trustees approach their work. The trustees have due regard to guidance published by the Charity Commission on this and recognise that, as the actions to improve the lives of beneficiaries takes place in India, it requires us to adopt a particular approach to ensure that the funds we devote to achieving our objectives are used effectively.

Structure, governance and management

Organisational Structure

The trustees have appointed an Executive Group responsible for the management of the Charity, approval of unbudgeted expenditure up to an agreed limit and overseeing communication with Reaching the Unreached and our partner charities in India. The Executive Group holds meetings several times a year and reports to the trustees. Full Trustees’ Meetings are held three times a year. The day-to-day work is subcontracted to the UK Co-ordinator, Mo Houlden, and other consultants as and when needed.

Recruitment, Appointment, Induction of Trustees

The trustees regularly look at existing skills and experience and new trustees are recruited to ensure the trustee board has a broad range of management experience to meet the needs of RTU and its strategic aims. The induction process for new trustees includes an information pack, and meetings covering the history, finances, longer term strategies and governance arrangements of the Charity, as well as the roles and responsibilities of trustees. New trustees are encouraged to make a visit to RTU in India within a year of appointment if they have not recently been there.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

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Trustees serve for an initial 10-year term on first appointment, and then for 5-year terms on any subsequent reappointment. The Chair and other office-bearers are appointed for 5-year terms, which take precedence over (i.e. allow an extension of) a term as trustee.

Risk Review

Each year the trustees review and update the risk register which identifies all key perceived risks to the organisation and agrees actions to mitigate those risks. This last took place in October 2021. Generally, the trustees are satisfied that the Charity addresses the major risks faced and that adequate operating systems and procedures are in place, both within RTU-UK and RTU-I and the other ‘partner’ NGO’s we fund, to mitigate those risks to an acceptable standard. The trustees are confident that the financial procedures and accountancy standards of our partners are of the highest standard, and that anti-fraud and corruption measures are strictly adhered to.

The Treasurer reports on invested reserves, cashflow and exchange rate movements at each Trustees' Meeting, with recommendations when appropriate. Other risks are mitigated by matching our own vision and objectives to those of RTU in India and the need of the people it serves; reviewing our governance and structure to keep the Board of Trustees effective; and maintaining our focus on fundraising as a core objective of the Charity in the UK. Trustees also regularly review our own safeguarding and bribery policies and procedures, and those of the organisations we fund in India. The risks associated with exchange rate fluctuations are also considered and more information on this is provided below.

Coronavirus response

In the light of the coronavirus pandemic, the trustees reviewed the financial risks to the Charity and believe that the Charity has sufficient funds to operate as normal. In fact, our supporters have been very generous in their response to the situation faced by the beneficiaries in India and the trustees are very grateful for their generosity during this time. Trustees have been flexible in allowing RTU-I and other partner NGOs to use unrestricted funds to adapt their services to meet the needs of beneficiaries, particularly those affected by the first and second wave or Covid-19 and subsequent lockdowns in India over the past two years which left many families destitute. Many of the programmes, particularly the housebuilding, well-drilling activities, and outreach health and educational work, were put on hold and the Charity kept funds in restricted and designated funds for when these services resumed. Funds were also put in a Covid Recovery Fund which will enable services to be adapted and developed in the aftermath of the lockdowns.

The trustees have maintained their contact with RTU in India and the Director, Fr Antony, has been involved in online trustees meetings to update the trustees about changes in operations, future planning for the redesign of services, budget monitoring and funding implications. The last visit by a trustee to the partner organisations in India prior to the pandemic was in January 2020 but the Chair of Trustees, Ian Brady, was able to visit all the partners in July 2022 and attend the RTU AGM.

Related Parties

Other than reported in Notes 5 and 14, there are no transactions with related parties that are required to be disclosed in these accounts.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

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Review of developments, activities and achievements

850 100 1647 100% 144 47 2 1605 £484,660 8,994 0
children children children pass students new new women donated by Total separate
cared for supported educated at rate of supported houses bore members individual number visits to
in RTU’s at home RTU schools pupils’ at college built wells of 121 supporters of new India by
Children’s so they and 8 12th with 54 drilled self-help and houses UK
Villages are able supplementary standard new groups organisations built to trustees
in the to attend schools exams graduates in 29 to RTU-UK date in the
year school villages year due
to Covid

The work in India

RTU in India has an enormous impact on the lives of many people from scheduled castes (sometimes known as Dalits or untouchables) and tribal communities living in impoverished rural areas of South India. It provides a family home for orphaned or abandoned children in four Children’s Villages - in small family houses with ‘foster’ mothers for the younger children and hostel-style accommodation for older teenagers.

The children are educated at RTU-I’s eight balwadies (pre-schools), three primary and middle schools and a higher secondary school (which all also offer schooling to over 750 local children from disadvantaged families). The education is of a high standard and the schools enrich the children’s lives by having elected school parliaments, trips out, sports days, various school exhibitions and competitions, and participating in district and state sports and dance competitions. After completing the State 10[th] , 11[th] and 12[th] standard exams, the children are supported through college and various professional qualifications until they are able to live independently. A scholarship scheme is in place for local children to enable them to continue their studies at college. Approximately a sixth of the children are affected by HIV/AIDS in their families and 4% are HIV+ themselves.

Other work is focused on supporting children at home in their families and villages and includes:

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

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In the financial year, all the services at RTU in India were provided on a revenue budget of just INR 858 lakhs which, at year end exchange rates, is approximately equal to £866,000. Further information on the work and the RTU-I Annual Review and Financial Statements are available on the website, www.rtuindia.org.

We are also delighted to have provided funding to two ‘partner’ NGO’s who have close links with RTU in India with grants in the year. Jeevan Jyothi Hospice looks after children in RTU-I’s care who are HIV+ if they become ill or face a negative reaction to ART drug therapy. It is 25km from RTU and has 40 bed spaces. Children stay at Jeevan Jyothi until they are well enough to return to their home in the Children’s Villages. As well as providing a service for children and adults at the hospice, Jeevan Jyothi meets the needs of people with HIV in the surrounding villages and has an extensive outreach programme, ensuring that people with HIV/AIDS maintain the drug therapy they need and receive good nutrition. It also runs an outreach programme for vulnerable children and provides the national ‘Childline’ service in the Theni District of Tamil Nadu where it is based, mainly dealing with issues of child marriage, drug addiction and children who have dropped out of school.

The other NGO we supported in the year is the Rural Area Development Trust (RUADT) which supports differently abled children and young people, and their families, providing a range of services including special schools and rehabilitation centres. We provided the funding required to run their vocational training programme to give young adults with learning difficulties skills to enable them to earn a living, and two of their village rehabilitation programmes providing physiotherapy and support to people of all ages.

Working with RTU in India

The trustees are keen to ensure sufficient funding and support for the work of RTU in India. Although it is an independent organisation and our procedures ensure that we have formal arrangements in place with RTU-I, particularly over funding requests and their evaluation, our long historical links and the personal involvement of trustees over the years have led us to be proactive. There is frequent communication and liaison between RTUUK and RTU-I online and, in normal years, through visits made to India by trustees, funded at their own expense, and timed to coincide with the RTU-I Board Meetings and the AGM, where RTU-UK attends as an observer.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

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This style of co-operation works well and ensures the trustees here remain well-informed of developments and issues at RTU-I, whilst ensuring that our funding achieves the public benefit we seek.

The relationship between the two organisations is formalised in a Memorandum of Understanding which sets out the framework of the working relationship between RTU-UK and RTU-I and ensures clarity of roles and responsibilities on both sides.

We also provide management and strategic support where appropriate and have been involved in developing policies associated with safeguarding, discrimination in the workplace etc. A Home Management Committee operates at RTU-I involving senior RTU-I staff, the District Children Protection Officer, the President of the District Child Welfare Committee, the Government Medical Officer and other local officials to oversee safeguarding issues in the Children’s Villages and schools. This committee meets quarterly.

Another way in which both RTU-UK and RTU-I have been working together for some years is on building fundraising capacity at RTU-I and implementing a fundraising strategy to increase in-country donations. We have been working with a Tamil-speaking consultant based in Chennai to enable RTU-I to take advantage of resource mobilisation opportunities in India. Following a successful pilot scheme, we are now in the third year of a project, funded by RTU-UK, to target Indian foundations and corporate social responsibility (CSR) opportunities. New grants have been made for capital projects, and revenue funding for RTU-I’s schools to improve the educational outcomes of the most disadvantaged rural children has been obtained for the last two and current financial years.

We have also been working with the consultant on strategic reviews and we were able to get specific funding to carry out a vulnerability needs assessment in the rural villages where RTU-I works to inform future service provision in the aftermath of the pandemic. This involved interviews with women in 200 villages, as well as focus groups amongst existing beneficiaries, and has provided very useful data.

Building Support in the UK

The majority of income received is thanks to the generosity of our individual supporters and local church and community groups, many of whom make regular donations or support our child/student sponsorship schemes. Regular income received in this way has continued to grow and accounts for half of our income (excluding large gifts such as legacies) at the year end. Supporters like the very strong links we have with RTU-I and know the difference their contribution is making on the ground to the lives of their sponsored children, and many of the most disadvantaged people in rural South India. In addition to sponsorship, many supporters help the housebuilding and well-drilling programmes through in memoriam gifts for individual houses and wells.

Donations from supporters decreased in comparison to the previous year, but income increased thanks to grants from new charitable trusts, and from legacies. Trustees are very grateful to all our committed supporters – individuals, churches, schools and other organisations – who have given so much. We are hugely grateful for all you do to help. We are also very grateful to those who have organised fundraising events in their area, and to those who act as our ambassadors in their church, school and community to keep the work of RTU on the agenda.

Plans for the future

Although there has been economic growth in India over the last few years and greater investment in infrastructure, health and education by the Tamil Nadu State Government, there is little evidence of this in the remote rural villages where RTU in India works and there are large numbers of a rapidly increasing population living in severe poverty. The economic impact of the pandemic in India is likely to be enormous. Many people rely on seasonal daily wage labouring work and receive no money to live on if work is unavailable. Families are particularly vulnerable if one member becomes ill and is unable to work, and often children need to work to supplement the family income. Families in this normal situation rarely have enough to buy sufficient nutritious food, let alone the means to cover the costs of bus fares, uniforms and school materials so that their children can attend school. They can easily get into debt, relying on moneylenders who charge large rates of interest to meet emergency needs such as medical care. In the immediate aftermath of the lockdown in March 2020, families were unable to do any daily wage labouring work and had no means to buy necessary food. Although a Government ration scheme came into place, some did not have the necessary documents to access this or fell outside their food security system. Although the lockdown was eased in Tamil Nadu, one of the worse-hit states, in September 2020, it was again re-introduced at the time of the second way in April 2021. RTU-I is the largest and most wide-reaching registered NGO in the area, and there are few of the well-recognised larger development agencies or overseas agencies on the ground to help.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

The need is clearly evident and many of the children and families accessing the support services of RTU-I now come via the self-help groups that RTU-I supports in remote rural villages. It has formed links with smaller NGOs and other stakeholders in the area, and there is huge potential to have a greater impact in collaboration with other organisations.

The main priorities for RTU-UK in the forthcoming year are:

Finances, investment and reserves policies

Results for the Year

Day to day donations and regular giving from our supporters have decreased by a small amount compared with the previous financial year and at year end stood at £484,660. Given there is a lot of financial pressure at the moment, this continuing generosity is a testament to the very effective work in India and how this inspires such impressive giving amongst our many loyal supporters.

We have a Legacy Fund and adopted a policy whereby, on receipt, a legacy is placed in the Fund with a planned but flexible drawdown depending on the nature and size of the legacy. Legacies arising this year were £105,254 (2021: £29,104). The Legacy Fund brought forward was £114,468, and the carried forward balance is £194,722.

A total of £327,446 (2021: £253,165) was transferred to RTU-I in the year which represents 37% of their total expenditure. Of the grant to RTU-I released this year for core revenue funding, 12% (2021: 11%) was spent on schools and education; 43% (2021: 47%) on childcare and the Children’s Villages; 16% (2021: 7%) on tertiary education to support children through college; 4% (2021: 14%) on medical aid and HIV/AIDS prevention and support; 9% on community development and women’s self-help groups (2021: 9%); and 16% (2021: 12%) on house building and water facilities. In addition, capital funding of £6,251 was given for the refurbishment of the central kitchen and some of the evening study centres.

----- Start of picture text -----
Core fund grant apportioned to fund various RTU-I
programmes
2% 4% Children's Villages
Schools and education
14%
Tertiary education
43%
9% Self-help groups
House-building
16%
12% Water facilities and wells
Medical aid and HIV/AIDS
----- End of picture text -----

In addition to the funding for RTU-I, a further £31,201 (2021: £30,470 ) was sent to India including £18,848 (2021: £24,861) to Jeevan Jyothi Hospice and £12,353 (2021: £5,609) to RUADT.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

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The Statement of Financial Activities shows the operating results of the Charity for the year and the Balance Sheet shows its state of affairs at 31 March 2022. The trustees consider this to be satisfactory and in a position to meet our commitments for the foreseeable future.

Currency fluctuations

The trustees follow the policy of committing funds each year to RTU-I (and the other NGOs we support) in Indian rupees (INR). This has simplified financial planning for our partners but has meant we take the full exchange rate risk involved. As the strength of both sterling and INR has fluctuated, in some years our commitments have cost us less than anticipated at the start of the year; and other years our expenditure has been higher than planned, as is projected in the 2022-23 financial year. The continuing fluctuation on the value of sterling and costs associated with this has meant that it has cost the Charity considerably more in recent years to meet our INR commitments. The trustees have mitigated the situation by transferring funds at the best exchange rates, forward purchasing currency and taking regular advice. The trustees wish to maintain the practice of committing in INR to our partners, and do not currently see the need for any change.

Reserves Policy

Our Reserves Policy is set to ensure that the work in India is protected from the risk of disruption at short notice due to a lack of funds, whilst at the same time ensuring that we do not retain income for longer than required. The Reserves Policy is reviewed on a regular basis and adjusted as risk perceptions and other factors change. Central to the trustees’ considerations in setting the Reserves Policy is the responsibility to ensure that when a child enters their care in the Children’s Villages at RTU in India there is a safe, supportive and stable environment that will allow that child to grow to maturity and lead an independent life. The cost of this has been reviewed in light of high levels of inflation in India over the past few years. The trustees also want to maintain sufficient reserves to meet any emergency need in India and to invest in capacity building.

As a result, the RTU-UK trustees consider it appropriate to designate reserves of between 6 and 12 months of our annual commitments in India for the forthcoming year such that together with RTU in India we may commit to maintain the current level of support for the children in their care for the indefinite future. This will provide the security and knowledge that the UK charity has adequate resources to ensure that any child currently brought into RTU is supported for the full period of their dependency until they are ready to live independently.

The setting of an appropriate size of reserve has taken account of future plans, and other information on reserves held in India. We also project outcomes of various ‘disaster’ scenarios based on a review of our risks.

Based on the above policy, the trustees calculate that a desirable level of unrestricted reserves at 31 March 2022 was £607,031. The actual level of unrestricted reserves was £704,745. .

Free reserves at 31 March 2022 were £57,915 (2021: £48,078). The total funds held by the Charity were £829,012 (2021: £722,904), £23,817 of the increase being due to the rise in the value of investments in our portfolio at year end. The main factor affecting reserves, however, was the reduction in the budgets of our partner organisations in India due to the various restrictions and lockdowns which disrupted many of their programmes, and the receipt of a large legacy within the year. With lower exchange rates and increased funding of Covid recovery work, we are expecting our reserves in the 2022-23 financial year to be well within the Reserves Policy target.

Investment Powers

Under the Memorandum and Articles of Association, the trustees have the power to make any investment they see fit subject to taking advice from a specialist in the field. Our reserves are invested with a view to maintaining their capital value in real terms and, if possible, to generate a return. Funds are invested in interest yielding accounts pending their being sent to India or put into special reserve. In April 2010, trustees placed £150,000 on term deposits and £200,000 was placed with Brewin Dolphin for investment in bonds and equities. The portfolio is managed on a diversified risk basis and this year its value increased from £268,581 at 31 March 2021 to £292,398 at 31 March 2022 but had dropped again to £267,704 at June 2022. In addition, it generated income of £5,231 (2021: £4,355). As these investments are held against long-term needs, fluctuations are to be expected and the trustees do not intend to vary their policy in light of short-term fluctuations.

Annual report and financial statements for the year ended 31 March 2022

Reachillgthe Unrea¢hed CharityNo 1091295 Responsibilities of the trustees The Iruslg9s (who are also dSrectors ol Reaching the Unreached for the purFKJses of eompany lawl are responsible lor prewing the Trustees, Annual Report and the financial slalernents in accordance with applicable law and Unked Kingdom Accounllng Standards (United Kingdom Gonarally Accepted Accounting PraGticel. Company law requires the trustees to prepare finartcial statemènts for each financial year, whlch give a true and fail view ol the state of affairs of the chaiitable company and of the incoming resources and applicallon ol resources. including the Sncome and expendtture, ol the charilable company lor that pgriod. In preparfng those fina￿la1 statements, the Irustoes are required to.. select suitable accounting policies and thèn apply them consislenlly, observe the methods and principles in the Charities SORP, make IL￿gernents and estimatss that are reasonable and prudent, stale whether applicable UK Accounting Standards have been followed, subjectto any malerial d8partures disclosed and explained in the financlal statements. prepare the financial stalements on the going concem basls unless il is inapproprfats to presume that the charitable company will continue in oparation. The trustees are responsible lor keeping adequate accountlng records thal disclose with reasonable accuracy at any time the financial posrtion ol thg charitable company and enable them to ensure that Ihe linanci slatgrnents comply with the Companies Act 2006. They are also responsible lor safeguarding the assels ol the haritable company and hen¢0 for tsking r8asonablo steps fof the prevention and detection of fraud arml other irregularities. This report has been prepaied in accoidance with the specid provisions for small companles under Part 15 of the Gompani88 Act 2006. Registered office: Signed on behalf of the trustses: 16 Glasshouse SILfjdlos Fryem Court Road Fordingbridge. Hants SP61QX lan Brady- Char ADproved by the trustees on 12th November 2022 Annu￿ rnport aTrJ firwol siatem8nts*orth0￿ar 8nd8d 31 Mareh 2022

Reaching the Unreached Charity No 1091295

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Independent examiners report to the trustees

I report on the accounts for the year ended 31[st] March 2022, which are set out on pages 13 to 26.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jeremy Kitson FCA Prime Chartered Accountants Corner Oak 1 Homer Road Solihull West Midlands B91 3QG

Date 18/11/2022

Annual report and financial statements for the year ended 31 March 2022

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Statement of financial activities (incorporating the income and expenditure account) for the year ended 31 March 2022

Note
Income from:
Donations
Trusts and foundations
Legacies
Income from trading activities
Investments:
Interest receivable
2
Investment income
2
Total income
Expenditure on:
3
Raising funds
Raising donations and legacies
Costs of trading activities
Investment management costs
Charitable activities
Total expenditure
Net (losses)/gains on
investment assets
Net (expenditure)/income for
the year
4
Transfers between funds
Net movement in funds
Reconciliation of funds
Funds brought forward
Funds carried forward		 Year to 31.03.2022
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
212,448
226,712
439,160
45,500
45,500
105,254
-
105,254
4,568
-
4,568
888
-
888
5,231
-
5,231
------------
373,889
=======
------------
226,712
=======
------------
600,601
=======
11,852
-
11,852
2,655
-
2,655
2,750
-
2,750
132,171
350,773
482,944
------------
149,428
=======
------------
350,773
=======
------------
500,201
=======
5,708
-----------
-
-------------
5,708
------------
230,168
(124,061)
106,108
(115,028)
115,028
-
------------
115,141
-------------
(9,033)
------------
106,108
589,604
133,300
722,904
------------
704,745
=======
-----------
124,267
=======
------------
829,012
=======		 Year to 31.03.2021
Unrestricted
Funds
Restricted
Funds
Total
£
£
£
282,350
221,951
504,301
-
-
-
29,104
-
29,104
5,893
-
5,893
1,855
-
1,855
4,355
-
4,355
------------
323,557
=======
------------
221,951
=======
------------
545,508
=======
5,700
-
5,700
2,929
-
2,929
2,268
-
2,268
156,895
262,470
419,365
------------
167,792
=======
------------
262,470
=======
------------
430,262
=======
63,967
------------
-
-------------
63,967
------------
219,732
(40,519)
179,213
(44,056)
44,056
-
------------
175,676
-------------
3,537
------------
179,213
413,928
129,763
543,691
-------------
589,604
=======
-----------
133,300
=======
------------
722,904
=======






-

All activities are of a continuing nature.

The statement of financial activities includes all gains and losses recognised in the year.

Annual report and financial statements for the year ended 31 March 2022

Reathingthe Unreathed Charfty No 1091295 Balance sheet at 31 March 2022 Notes 2022 FIXED ASSETS Tangible fixed assets Investments 292,398 268.581 292.398 268,581 CURRENT ASSErs Debtors Cash at bank and in hand 27.750 519.998 19,366 453,477 547,748 111.1341 472.843 (18,520) CREDITORS: AmoLinls falling due wthin one year 10 Net Current Assets 536,614 454,323 NET ASS￿5 829,012 722,904 CHARITY FUNDS Restricted Funds Unrestricted Funds Designated Brolhgr James Tribute Fund Contingency and Capacity Building Fund Covid Recovery Fund Legacy Fund 12&13 124.267 133,300 17,108 350,000 85,000 194,722 17,058 300,000 i 10,000 114.468 Generai 57,915 48.078 TOTAL CHARITY FUNDS 829,012 722,904 The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 Ilhe Act) relating to the audit ol the financial statements lor the year by virtue ol section 477, and that no member or members have requested an audit pursuant lo section 476 01 the Act. The directors acknowledge their responsibil(ties for: ensuring that the company keeps proper accounting records which comply with section 386 01 the Act,. and preparing financial slalements which give a true and fair view ol the slate ol affairs of the charitable ompany as at the end of each financial year and ol its surplus or delicil lor each financial year in accordance with the requirements ol Sections 394 and 395 and which otherwise comply with the requirements 0% the Companies Act 2006 relating to financial slatemenls, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable lo companies, subject to the small companies, regime. This report was approved and authorised for issue by the Trustees on 121h November 2022 and signed on their behalf by= Sean Henry- T￿aSurer lan Brady - Chair The notes on pages 16 10 26 form part ol these financial statements. Company Registered Numbei.. 04217700 Annu￿ tsrx)rt arK1 fSnancW statam8nts lorlhe yearended 31 March 2022 14

Reachingthe Unrts¢h¢d Charity No 1091295 Balance sheet at 31 March 2022 Notes 2022 FIXED ASSErs Tangible fixed assets Investments 292,398 268.581 292,398 268,581 CVRRETrif ASSErs Debtors Cash at bank arKI in harKI 27,750 519,998 19.366 453,477 547,748 111.1341 472,843 118.520) CREDrroRS: Amounts falling due within one year 10 Nel Current Assets 536,614 454,323 NEf ASSErs 829,012 722,904 CHARITY FUNDS Restricted Funds Unrestricted Funds Destgnat¢d Brother James Tribute FurKI Contiroency and Capacity Building Fund Covid Recovery Fund Legacy Fund 12&13 124,267 138,300 17,108 350,000 85,000 194,722 17,058 300,000 110,000 7 14,468 General 57,915 48,078 TOTAL CHARITY FUNDS 829.012 The directors are satisfied that Ihe Company is erbtitled to exgmption Irorn the provlslons ol the Companles Act 2006 (the Acll relating lo the audit ol tt)8 Inancial statements for the year by ViTbJe of sedon 477, and that no member or members havè iequested an audit pursuant lo section 476 01 the ACL The directors acknowledge Iheir responslbilili8s for: ensuring that the company keeps proper accounting records which comply with 88Ctlon 386 of the Act. and preparing financial statements which give a true and fair view ol the state ol affwrs of the charitable company as at the end of each fvnancial year and ol Its surplus or deficit lor each financi￿ yeai in accordance the requirements of Sections 394 and 395 and which otherwse ￿{nPlY with the requirements of the Companies Act 2006 relating to financial statements, so laT as applicable to the charitable company. These financial statements have been prepared in accordance the provisions apwicable to Companies. subject to the small companies, regime. This report was approved and aulhorised lor issue by the Trustees on 12th November 2022 arKI signed on their behalf by= Sean Henry- Treasurer lan Bfady - Chair The notes on pages 16 to 26 form part ol these financial statements. Company Registerad Number: 04217700 Amud repDrt and staternents for th8 year en(kn131 March 2022 14

Reaching the Unreached Charity No 1091295

Statement of cash flows for the year ended 31 March 2022

2022 2021
£
Cash flow from operating activities 80, 558. 139,684
======= =======
Cash flow from investing activities
Interest received 888. 1,945
Investment income received 5,231. 4,295
Purchase of investments (46,065) (76,888)
Sale of investments 28,659. 65,170
Investment management fees (2,750) (2,268)
Fixed asset additions - -
------------ ------------
Net cash flow from investing activities (14,032) (7,746)
======= =======
Net increase in cash and cash equivalents in the year 66,521. 131,938
Cash and cash equivalents at the beginning of the year 453.477. 321,539
------------- -------------
Total cash equivalents at the end of the year 519,998. 453,477
======== ========
Cash and cash equivalents consist of:
Cash at bank and in hand 519,998. 453,477
======== ========
Reconciliation of net income to net cash flow from operating activities
Net movement in funds 106,108. 179,213
Interest receivable (888) (1,855)
Investment income (5,231) (4,355)
Investment management fees 2,750. 2,268
Losses/(gains) on investment assets (6,411) (63,967)
Decrease/(increase) in debtors (8,384). 22,207
(Decrease)/increase in creditors (7,386). 6,085
Depreciation -. 88
------------- -------------
Net cash from operating activities 80,558. 139,684
======== ========

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

Notes to the accounts to 31 March 2022

1 ACCOUNTING POLICIES

(a) Basis of Accounting

Reaching the Unreached (RTU) is a registered charity in the United Kingdom, limited by guarantee and registered in England and Wales. The address of its principal office is given in the charity information on page 2 of these financial statements. The nature of the charity’s operations and principal activities are given on pages 4 to 10 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2019.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The accounts have been prepared in sterling (£) which is also the functional currency of the entity.

(b) Going Concern

These financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

(c) Incoming Resources

Income is recognised in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

(d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under activities that aggregate all costs related to any particular activity. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties; it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

(e) Support costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include premises costs, office costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular activities, they have been allocated to expenditure on a basis which may be based on activity as represented by direct costs expended on that activity or based on a proportion of staff costs. The analysis of these costs is included in Note 3.

(f) Fund accounting

Funds held by the Charity are either:

Transfers between funds are made to cover deficits on individual restricted funds and to recognise fixed assets acquired with restricted income, but with no further restriction on use, within unrestricted funds

(g) Legacy Fund

The trustees have established a Legacy Fund into which any legacy received by the Charity will be placed on receipt. Transfers out of the fund to general funds are at the discretion of the trustees and will be made having regard to the charity’s general policy on reserves.

(h) Investment Income

Material amounts of income arising from investments earmarked against any particular fund are added to that fund. Otherwise income from investments is allocated to the general fund.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

(i) Depreciation

Depreciation is calculated to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment - 33% straight line basis

Fixed assets are not capitalised unless their cost is more than £200.

(j) Foreign exchange

Transactions denominated in foreign currencies are initially translated into sterling at the exchange rates ruling at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated into sterling at the exchange rates ruling at the year end. Foreign exchange differences are dealt with in the income and expenditure account and allocated directly to activities where appropriate to do so.

(k) Fixed Asset Investments

Fixed asset investments are recognised initially at fair value which is normally the transaction price including transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains/(losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

(l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity from the date of acquisition or opening of the deposit or similar account.

(n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(o) Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

(p) Financial Instruments

The charity has only financial assets and liabilities of a kind that qualify as basic financial instruments. These basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

2 INVESTMENT INCOME

Income from investments listed on a recognised stock exchange
Interest receivable
---
==		 2022
2021
£
£
5,231
4,355
888
1,855
---------
6,119
=====
------------
6,210
=======

3 TOTAL RESOURCES EXPENDED

See appendix A

4 NET INCOME/(EXPENDITURE) FOR THE YEAR

This is stated after charging:
Depreciation of tangible fixed assets
Independent examiner’s remuneration
 2022
2021
£
£
-
88
2,250
====
2,050
====

5 TRUSTEES REMUNERATION AND EXPENSES

There were no employees during the year, nor the previous year.

The constitution forbids any trustee to be remunerated.

In 2022 3 trustees (2021: 0) had travel expenses of £602 (2021: £nil) paid to them.

6 TAXATION

The company is a registered Charity and it is considered that its operations are conducted such that no taxation liability will arise.

7 TANGIBLE FIXED ASSETS

Office Equipment

ce Equipment
£
Cost
_At 1 April 2021 and_31 March 2022 263
====
Depreciation
_At 1 April 2021 and_31 March 2022 (263)
====
Net Book Value
At 31 March 2022 -
====
At 31 March 2021 -
====

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

8 FIXED ASSET INVESTMENTS

ED ASSET INVESTMENTS
£
Listed investments:
Market value at 1 April 2021 268,581
Sales in year at market value (28,659)
Additions in year at cost 46,065
Net increase on valuation at 31 March 2022 6,411
--------------
Carrying value (market value) at 31 March 2022 292,398
========
Listed in the UK 70,277
Listed outside the UK 222,121
-------------
292,398
========

These investments are held primarily for an investment return.

9

DEBTORS
2022 2021
£ £
Gift aid recoverable 26,882 13,273
Currency purchased - 5,000
Prepayments 648 648
Accrued income 220 445
------------ ------------
27,750 19,366
======= =======

10 CREDITORS: Amounts falling due within one year

2022 2021
£ £
Trade creditors 2,498 2,117
Accruals 8,636 16,403
------------- -------------
11,134 18,520
======= =======

11 CAPITAL

The company has no share capital being limited by guarantee. There are 10 members of the company each of whom has committed to contribute £1 in the event of the company being wound up. There is no one controlling party of the Charity.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached

Charity No 1091295

12 ANALYSIS OF NET ASSETS BETWEEN FUNDS

For the year ended 31 March 2022

Tangible fixed assets
Investments
Debtors
Bank balances
Creditors		 Unrestricted Funds
£
292,398
27,750
395,731
(11,134)
-------------
704,745.
========		 Restricted Funds
Total
£
£
-.
-
-.
292,398
-.
27,750
124,267.
519,998
-.
(11,134)
------------
124,267.
=======
-------------
829,012
========

Comparative for the year ended 31 March 2021

Tangible fixed assets
Investments
Debtors
Bank balances
Creditors		 Unrestricted Funds
£
-.
268,581.
19,366.
320,177.
(18,520)
-------------
589,604.
========		 Restricted Funds
Total
£
£
-.
-.
-.
268,581.
-.
19,366.
133,300.
453,477.
-.
(18,520)
------------
133,300.
=======
-------------
722,904.
========

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

13 MOVEMENT IN FUNDS

Movement in Funds – for the year ended 31 March 2022

Restricted funds
Administration
Childcare
Community buildings
Community Outreach & Self-Help
Groups
Disability
Education
Housing
Medical
Tertiary education
Water resources
Total restricted funds

Unrestricted funds
Designated funds
Brother James Tribute Fund
Capacity and Contingency Fund
Covid Recovery Fund
Legacy Fund
Total designated funds

General funds
Total unrestricted funds

Total funds		 At 1 Apr
2021
£
-
-
3,277
-
-
-
61,015
-
44,709
24,299
-------------
133,300
17,058
300,000
110,000
114,468
-------------
541,526
48,078
-------------
589,604
------------
722,904
=======		 Incoming
Resources
£
1,125
113,950
8,095
8,388
75
7,092
29,609
2,157
47,295
8,926
-------------
226,712
50
-
-
105,254
-----------
105,304
274,294
-------------
379,598
------------
606,310
=======		 Outgoing
Resources
£
-.
(133,261)
(6,252).
(30,368)
(12,353)
(40,281)
(39,695)
(31,553)
(51,094)
(5,917)
-------------
(350,774)
-.
-.
-.
-.
------------
-.
(149,428)
-------------
(149,428)
--------------
(500,202)
========		 Transfers
£
(1,125)
19,311
-.
21,980.
12,278.
33,189.
-.
29,396.
-.
-.
-------------
115,029
-.
50,000.
(25,000)
(25,000)
------------
-.
(115,029)
-------------
(115,029)
------------
-.
=======		 At 31 Mar
2022
£
-
-
5,120
-
-
-
50,929
-
40,910
27,308
-------------
124,267
17,108
350,000
85,000
194,722
-------------
646,830
57,915
-------------
704,745
------------
829,012
=======

In the trustees’ opinion, there were sufficient resources held to enable each fund to be applied in accordance with the restrictions imposed by donors.

Transfers of £115,029 (2021: £44,056) were made between unrestricted and restricted funds to cover deficits on restricted funds that cannot be recovered through future income on the projects concerned.

In the year ended 31 March 2021, the balance of the Henry Legacy was transferred to the designated Legacy Fund with the permission of the Henry family.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

13 MOVEMENT IN FUNDS (continued)

Movement in Funds – comparative for the year ended 31 March 2021

Restricted funds
Administration
Childcare
Community buildings
Community Outreach & Self-Help
Groups
Disability
Education
Henry Legacy
Housing
Medical
Tertiary education
Water resources
Total restricted funds

Unrestricted funds
Designated funds
Brother James Tribute Fund
Capacity and Contingency Fund
Covid Recovery Fund
Legacy Fund
Total designated funds

General funds
Total unrestricted funds

Total funds		 At 1 Apr
2020
£
-
-
3,277
-
-
-
35,917
51,957
-
13,374
25,238
-------------
129,763
17,058
300,000
-
49,447
-------------
366,505
47,423
-------------
413,928
------------
543,691
=======		 Incoming
Resources
£
1,438
109,409
-
7,637
75
7,808
-
34,949
8,851
48,839
2,945
-------------
221,951
-
-
-
29,104
-----------
29,104
294,453
-------------
323,557
------------
545,508
=======		 Outgoing
Resources
£
-.
(118,889)
-.
(23,455)
(5,609)
(26,965)
-.
(25,891)
(40,273)
(17,504)
(3,884)
-------------
(262,470)
-.
-.
-.
-.
------------
-.
(103,825)
-------------
(103,825)
--------------
(366,295)
========		 Transfers
£
(1,438)
9,480.
-.
15,818.
5,534.
19,157.
(35,917)
-.
31,422.
-.
-.
-------------
44,056.
-.
-.
110,000.
35,917.
------------
145,917.
(189,973)
-------------
(44,056)
------------
-.
=======		 At 31 Mar
2021
£
-
-
3,277
-
-
-
-
61,015
-
44,709
24,299
-------------
133,300
17,158
300,000
110,000
114,468
-------------
541,526
48,078
-------------
589,604
------------
722,904
=======

Purposes of Restricted Funds

Administration To provide income to meet the Charity’s UK running costs.

Childcare To provide for orphaned and destitute children and young people in the Children’s Villages.

Community buildings To support the construction of school classrooms, nursery schools, hostels, and other facilities.

Community Outreach To provide assistance to destitute elderly or infirm people; to provide support for children in need in their home environment.

Self Help Groups To support micro finance schemes to enable women to set up their own income generating initiatives.

Disability To support services for disabled beneficiaries.

Education To support the education of the poorest children and villagers, through the provision of schools and evening study centres including meeting the costs of teachers’ salaries.

Annual report and financial statements for the year ended 31 March 2022

Reaching the Unreached Charity No 1091295

____________________

13 MOVEMENT IN FUNDS (continued)

Henry Legacy A legacy to support hostel and other provision for destitute boys, and scholarships for students, subject to agreement with the Henry family.

Housing To support the construction of low-cost village houses for homeless families.

Medical To provide a medical clinic, including work with people who are HIV+ or have AIDSrelated illnesses. Tertiary education To support young people through tertiary education or vocational training after completing school.

Water resources To provide essential water supplies, especially through the drilling of bore wells.

Purpose of Designated Funds:

Brother James This fund was previously called the Brother Lionel Fund and was established to provide Tribute Fund a special fund available to James Kimpton, the founder of RTU in India, so he could exercise his discretion within the Objects of the charity to support initiatives of his choosing within RTU in India. On his death in October 2017, the trustees launched a Tribute Fund in his memory and transferred the existing funds from the Brother Lionel Fund into this new fund to help ensure his work, especially with the children in RTU’s care, can continue for the full period of their dependency.

Contingency and The Contingency and Capacity Building Fund (previously called the New Generation Capacity Building Fund) and other designated funds have been established in order to be able to commit Fund to support any child brought into RTU’s care for the full period of their dependency. The Fund has also been established to meet any emergency need in India and to invest in capacity building in our partner agencies and in the UK. That limit has currently been set at £350,000 by the trustees.

Covid Recovery Fund This designated fund was agreed by the trustees during the year to earmark some funds over and above the usual designated funds to allow for the development of RTUI’s programmes in the aftermath of the pandemic and to allow a quick response to ongoing challenges in India and in our ability to raise funds in the UK.

Legacy Fund The Legacy Fund has been established for legacies received to allow a controlled release of funds to RTU in India.

14 RELATED PARTY TRANSACTIONS

There were no related party transactions during the year to 31 March 2022 nor during the year to 31 March 2021 requiring disclosure in these financial statements.

Annual report and financial statements for the year ended 31 March 2022

REACHING THE UNREACHED

APPENDIX A (NOTE 3) TOTAL RESOURCES EXPENDED FOR THE YEAR ENDED 31 MARCH 2022

Costs directly allocated to activities:
Payments to project partners:
(A) Reaching the Unreached of Village India (RTU-I):
Core funding
Children
Community outreach
Educational programme
Housing and community buildings
Medical programme
Tertiary education
Water resources
Total Gifts to Reaching the Unreached
(B) Payment to Project Partner Jeevan Jyothi
(C) Payment to Project Partner RUADT
Total Grants Payable
Outgoing resources:
Costs met for RTU India
Cost of raising funds
Costs of goods sold
Costs of supporter trips to India
Total Outgoing Resources
Support costs:
Salaries and administration fees
Premises costs
Office costs
Miscellaneous costs
Professional costs
Communications costs
Travel costs
Finance costs
Governance costs
Investment management costs
Total Support Costs
Total Costs before Governance cost allocation
Governance cost allocation
Total Costs		 Basis of Allocation
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Staff time
Staff time
Staff time/Direct
Direct
Staff time/Direct
Direct
Staff time/Direct
Staff time/Direct
Staff time/Direct
Direct
Usage		 Fundraising Costs
£
-
-
-
-
-
-
-
-
-----------
-
-----------
-
-
-----------
-
======
-
11,852
2,655
-
-----------
14,507
6,003
1,003
8,895
-
34
6,493
46
472
-
2,750
-----------
25,696
-----------
40,203
6,620
------------
46,823
=======		 Support for India
£
7,873
133,261
30,368
40,281
45,945
12,705
51,094
5,919
------------
327,446
------------
18,848
12,353
--------------
358,647
========
54,196
-
-
-
-----------
54,196
25,187
972
5,206

-
33

2,426
1
44
248
-
-
------------
34,116
-------------
446,959
6,419
--------------
453,378
=======		 Governance
Total
£
£
-.
7,873
-.
133,261
-.
30,368
-.
40,281
-.
45,945
-.
12,705
-.
51,094
-.
5,919
-----------
-.
-----------
--------------
327,446
--------------
-.
18,848
-.
12,353
-----------
-.
======
--------------
358,647
========
-.
54,196
.-.
11,852
-.
2,655
-.
-
-----------
-.
--------------
68,703
8,551.
39,740
689.
2,664
161
14,262
-.
-
74
141
919
8,938
31.
121
176.
897
3,338.
3,338
-.
2,750
-----------
13,039.
--------------
72,851
-----------
13,039.
---------------
500,201
(13,039)
-
------------
-.
======
---------------
500,201
========		 Year to 31.03.2021
£
21,165
118,889
23,455
26,965
25,891
15,412
17,504
3,884
--------------
253,165
--------------
24,861
5,609
--------------
283,635
========
59,641
5,700
2,929
-
--------------
68,270
45,744
2,664
8,943
35
845
14,133
13
911
2,801
2,268
--------------
78,357
---------------
430,262
-
---------------
430,262
========

REACHING THE UNREACHED

APPENDIX A (NOTE 3) TOTAL RESOURCES EXPENDED COMPARATIVE FOR THE YEAR ENDED 31 MARCH 2021

Costs directly allocated to activities:
Payments to project partners:
(A) Reaching the Unreached of Village India (RTU-I):
Core funding
Children
Community outreach
Educational programme
Housing and community buildings
Medical programme
Tertiary education
Water resources
Total Gifts to Reaching the Unreached
(B) Payment to Project Partner Jeevan Jyothi
(C) Payment to Project Partner RUADT
Total Grants Payable
Outgoing resources:
Costs met for RTU India
Cost of raising funds
Costs of goods sold
Costs of supporter trips to India
Total Outgoing Resources
Support costs:
Salaries and administration fees
Premises costs
Office costs
Miscellaneous costs
Professional costs
Communications costs
Travel costs
Finance costs
Governance costs
Investment management costs
Total Support Costs
Total Costs before Governance cost allocation
Governance cost allocation
Total Costs		 Basis of Allocation
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Direct
Staff time
Staff time
Staff time/Direct
Direct
Staff time/Direct
Direct
Staff time/Direct
Staff time/Direct
Staff time/Direct
Direct
Usage		 Fundraising Costs
£
-
-
-
-
-
-
-
-
-----------
-
-----------
-
-
-----------
-
======
-
5,700
2,929
-
-----------
8,629
7,520
1,003
5,305
13
34
9,030
5
478
-
2,268
-----------
25,656
-----------
34,285
5,810
------------
40,095
=======		 Support for India
£
21,165
118,889
23,455
26,965
25,891
15,412
17,504
3,884
------------
253,165
------------
24,861
5,609
--------------
283,635
========
59,641
-
-
-
-----------
59,641
28,429
972
3,424
13
33
5,103
5
254
-
-
------------
38,233
-------------
381,509
8,658
--------------
390,167
=======		 Governance
Total
£
£
-.
21,165
-.
118,889
-.
23,455
-.
26,965
-.
25,891
-.
15,412
-.
17,504
-.
3,884
-----------
-.
-----------
--------------
253,165
--------------
-.
24,861
-.
5,609
-----------
-.
======
--------------
283,635
========
-.
59,641
.-.
5,700
-.
2,929
-.
-
-----------
-.
--------------
68,270
9,795.
45,744
689.
2,664
214.
8,943
9.
35
778.
845
-.
14,133
3.
13
179.
911
2,801.
2,801
-.
2,268
-----------
14,468.
--------------
78,357
-----------
14,468.
---------------
430,262
(14,468)
-
------------
-.
======
---------------
430,262
========		 Year to 31.03.2020
£
1,616
141,989
33,451
127,432
93,049
13,805
53,097
5,665
--------------
470,104
--------------
21,332
12,285
--------------
503,721
========
20,108
11,538
3,106
13,045
--------------
47,797
45,661
1,980
10,655
-
839
8,340
617
867
3,440
2,404
--------------
74,803
---------------
626,321
-
---------------
626,321
========