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2022-03-31-accounts

etails of the mai n r isks and how these are managed are set o ut below.
Key risk Details ofrisk Management
ofrisk
Failure to Funding risk: Historically,
the		 Charity The Charity has developed a fundraising
diversify funding has had one funder,
the Larry		 Ellison strategy,
including
a list		 oftarget donors
Foundation (LEF).The funding under and outreach
strategy.
It		 also now has a
the current grant agreement
from LEF		 fundraising
team in place. The CEO and
lasts
until
2025,
but
as
our		 Board regularly
monitor		 the activities of
government
programmes
run		 for at the fundraising
team.
least three
years,
it is important
the
Charity diversifies
its funding		 sooner.

Black swan events Black Black swan swan events events such such as Covid-19 as Covid-19 as Covid-19 Covid risk: The Charity
has taken the
disrupt the Charity's work resulting in learnings
and is building
alternative
delays and repurposing of education frameworks
such as online processes
budgets for disaster interventions. and digitalization
ofeducation.
Our geographical
spread
means
we
will be less susceptible
to events
in
one State.
Staff security
policy
in place, which
includes
close
monitoring
of
employees'
travel arrangements.
Continue to maintain
the flexibility of
our operations
and ability to reassign
staff.
Safeguarding The risk of harm, exploitation or Safeguarding
policy
and
reporting
risks abuse of an individual during or as a procedures
in place with
designated
result ofthe Charity's programmes. safeguarding
staff in place at Board,
management
and
operational
levels
and training
is regularly
provided
to
all staff.
The
nature
of our
work
with
the
government
means there is very little
direct
access
to
children
and
communities
Impact risks Outcome
and		 impact assessments Three-year
duration
for all proposed
inadequately carried out. programme
interventions
(as shorter
duration
not enough
to demonstrate
learning
outcomes
improvement).
Regular
programme
review
protocol
and governance
structure
in place.
Monitoring
and evaluation
built into
all programme
designs.
Reputational risks Damage to our reputation would Maintenance
of good
relationships
affect our ability to expand to other across all stakeholder
levels.
states and impact our fundraising Policies are in place to ensure robust
efforts. governance
and
adherence
to
systems
and processes.
The
communications
strategy
includes
processes
to
manage
reputational
risks,
including
contingency
plans.

Legal Advisers UK: Legal Advisers UK: Legal Advisers UK: Bates Wells Braithwaite
10Queen Street Place
London, EC4R IBE
Legal Advisers India: Southern
Accountability		 tk Governance Alliance Private Limited
6202/2 111Floor
Block I,Dev Nagar
Karol Bagh
Delhi
110005
Auditors India: PKF Sridhar k Santhanam LLP
319,Third Floor, DLF Prime Towers
Okh1aPhase
I
New Delhi 110020
Accountants India: Hasmukh
Shah &Co
409-410,Dalamal
Chambers,
New Marine Lines
Mumbai
400 020

Note Unrestricted Restricted 31-Mar Unrestricted Restricted 31-Mar
Funds Funds 2022 Funds Funds 2021
Income From:
Grants 4,723,494 4,723,494 5,001,539 5,001,539
Investment income 12,516 12,516 10,324 10,324
Total 4,736,010 4,736,010 5,011,863 5,011,863
Expenditure On:
Raising Funds 5 216 110,149 110,365 216 66,527 66,743
Charitable Activities 4 93 1,629,084 1,629,177 (665) 3,730,569 3,729,904
Total 309 1 739233 1 739542 449 3797096 3796647
Net income for the year 9 (309) 2,996,777 2,996,468 449 1,214,767 1,215,216
Total funds brought forward 15 19,024 4,840,846 4,859,870 18,575 3,626,079 3,644,654
Total funds carried forward 15 18715 7837,623 7,856,338 19,024 4,840,846 4,859,870

Group Group Charity
Company
number; 06002138		 Note 2022
5		 2021f 2022
6		 2021
6
Fixed assets
Tangible assets 11 16,972 25,367 1,230 4,219
Investments 12
Current Assets
Debtors 13 250,935 117,824 511,300 12,600
Cash at bank and in hand 7,968,106 5,012,324 6,980,771 4,771,951
8,219,041 5,130,148 7,492,071 4,784,551
Current Liabilities
Creditors: amounts falling due
one year 14 ~(322,7(6 ~253,68~) (60,050) ~(304,5(8
Net Current Assets 7,896,325 4,876,463 7,432,021 4,480,033
Creditors: amounts
one year		 falling due after 140 (56,959) ~4(,960
Total Net Assets 7,856,338 4,859,870 7,433,251 4,484,252
Funds
Restricted funds 15 7,837,623 4,840,846 7,414,536 4,465,228
Unrestricted
funds		 15 18,715 19,024 18,715 19,024
Total Funds 7,856,338 4,859,870 7,433,251 4,484,252

Group Charity Charity
Notes 2022 2021
f		 2022
f.		 2021
f
Net cash provided by
operating
activities		 A 2,953,044 1,059,244 2,206,086 1,166,760
Cash flows from investing activities
Interest received
Cost ofpurchasing
tangible		 fixed assets 12,516
10,234
(9,778) ~(3,(00)		 2,734 4,175
Net cash inflow/(outflow) from investment activities 2,738 (2,946) 2,734 4,175
Net inflow at 1 April 2021 5,012,324 3956,026 4,771,951 3,601,016
At 31 March 2022 7,968,106 5,012,324 6,980,771 4,771,951

Reconciliation
ofnet o		 perati ng
income to		 net cash flow from op erating
acti		 vities vities
Group Charity
2022
f		 2021
f		 2022
f		 2021
f
Net income 2,996,468 1,215,216 2,948,999 1,199,963
Loss on sale oftangible fixed assets 287 15,936 13,868
Sale proceeds oftangible fixed assets 1,277 8,827 4,487
Interest received (12,516) (10,234) (2,734) (4,175)
Forex revaluation
offixed assets		 92 1,630
Depreciation
charges		 16,517 28,171 2,989 15,279
Movement
in corporate tax		 8,171 (6,222)
Movement
in debtors		 (133,583) 7,811 (500,178) 59,881
Movement
in prepayments
Movement
in creditors		 472
(3,969)
75,859 ~797,922)		 1,478
~(244,460		 9,077
~(73(,620
Net cash provided
by operating		 activities 2,953,044 1,059,244 2,206,086 17166,760
Analysis ofchanges
in		 net debt
Opening cash balance 5,012,324 3„956,026 4,771,951 3,601,016
Cashflow
in the year		 2,955,782 1,056,298 2,208,820 1,170,935
Closing cash balance 7,968,106 5,012,324 6,980,771 4,771,951

Direct Staff Support Support 31-llilar
Year to 31st March 2022 costs
E		 costsf Costs
f		 2022
E
Education
and Community		 Programmes
Government
Programmes		 146,391 1,333,232 149,554 1,629,177
Education
Content
Development
149391 3 1 9
79 N\
7		 79 N
Direct Staff Support 31-Mar
costs costs Costs 2021
Year to 31stMarch 2021 E f E E
Education
and Community		 Programmes 72,477 649,547 309,396 1,031,420
Government
Programmes		 146,840 1,650,732 770,281 2,567,853
Education
Content
Development		 14,726 76,721 39,185 130,632
2 377 000 1,118,862 7 9905
(See Note 7) (See Note 5)
5 Support Costs
Chaffitable Raising Basis of
Activities Funds 31-Mar-22 allocation
Year to 31stMarch 2022 f E f
Staff costs (Note 7) 93,932 93,932 (i)
Travelling 73,939 73,939 (ii)
Rent and office related costs 149,655 10,404 160,059 (iii)
Communications
and IT		 17,713 1,231 18,944 ( iii )
Recruitment
Fees		 14,270 992 15,262 ( iii )
Training (ii)
Foreign exchange
gain		 (299,730) (299,730) (iii)
Consulting
and professional		 fees 59,749 59,749 (ii)
Legal fees 10,491 1,621 12,112 (ii)
Depreciation 15,443 1,074 16,517 (iii)
Audit and accounting (governance costs) 30,353 739 31,092 (llg)
Corporate tax 64,338 64,338 (iii)
Miscellaneous
costs		 13,333 372 13,705 (iii)
149,554 110,365 259,919
Charitable Raising Basis of
Activities Funds 31-Mar-21 allocation
Year to 31stINarch 2021 F. E E
Staff costs (Note 7) 47,261 47,261 (i)
Travelling 13,901 13,901 (ii)
Rent and office related costs 157,890 3,222 161,112 (iii)
Communications
and		 IT 45,184 922 46,106 (iii)
Recruitment
Fees		 94,627 1,931 96,558 (iii )
Training 28,248 28,248 (ii)
Foreign exchange
loss		 412,238 8,413 420,651 (iii)
Consulting
and professional		 fees 153,970 153,970 (ii)
Legal fees 20,331 2,651 22,982 (ii)
Depreciation 27,607 563 28,170 (iii)
Audit and accounting (governance costs) 35,981 220 36,201 (iii )
Corporate tax 54,167 54,167 (iii)
Miscellaneous
costs		 74,718 1,559 76,277 (iii)
1,118,862 66,742 1,185,604

31-Mar 31-Mar 31-Mar 31-Mar
2022 2021 2022 2021
Number Number E

Operations/Chief
Fi		 nanc e O fficer .Sta ff costs in clude the following
amount		 s
paid to the exec		 utive team:
31-Mar 31-tiller
2022 2021
E E
Wages and salaries 450,109 647,466
Termination
and redundancy		 payments 32,510 28,000
Social security costs 20,025 43,237
Employers'
pension		 contributions 23,845 35,222
Staff Medical Insurance and other benefits 7,911 3,498
534,400 757,423
31-Mar 31-Mar
2022 2021
E E
Wages and salaries 1,237,424 1,828,495
Termination
and redundancy		 payments 53,480 157,800
Social security costs 26,492 101,272
Employers'
pension		 contributions 69,769 107,200
Other employee
benefits		 39,999 13,871
Total costs for Reach to Teach staff 1,427,164 2,208,638
Saladies
paid to operational		 staff via our Indian partners, Gram Vikas
Trust and Kutch Nav Nirman Abhiyan through grants. 215623
Total staff costs 1,427,164 2,424,261
Total staff costs
Charitable
activities		 1,333,232 2,377,000
Raising funds 93,932 47,261
1,427,164 2,424,261
All terminatio n
and redundancy
payments
were paid
in the year.		 n
and redundancy
payments
were paid
in the year.
Included
in		 the above figures for wages and salaries were the emoluments ofthe Chief Executive Officer
who served during the year of F137,123 (2021: E139,072). The number of staff who received total
emoluments over E60,000were as follows:
Number of Number of
staff in Year staff in Year
to 31 March to 31 March
Bands 2022 2021
F60,000- E70,000 4
F70,000- E80,000 1
E80,000- F90,000 1
E90,000 - F100,000 1
E100,000 - E110,000 1
E110,000 —E120,000 1
E120,000 —E130,000
F130,000- E140,000
F140,000- E150,000
F150,000- E160,000
E180,000- E190,000

8 Staff numbers Staff numbers
The average
number		 ofemployees analysed by function was: 31-Mar 31-Mar
2022 2021
Number Number
Charitable activities 33.0 42.0
Raising funds 2.0 0.5
9 Net Income for the Year
31-Mar 31-Mar
2022 2021
The result is stated after charging: Z
Auditor's remuneration 12,000 14,400
Auditor's remuneration - non audit services 2,060
Auditor's remuneration - in respect ofthe subsidiary 7,717 8,756
Loss (Gain) on exchange (299,730) 420,786
Operating leases 141,826 88,759
Depreciation 16,517 28,171

11 Tangible Fixed Assets
Group Fixtures Computer Leasehold
a Fittings Equipment Improvements Total
5 5
Cost
As at 01 April 2021 83 76,518 24,407 101,008
Exchange revaluation 1 685 686
Additions
Disposals
As at 31st March 2022		 269
353		 9,509
~12,311
74,401		 24,407 9,778
(12,311)
99,161
Depreciation
As at 01 April 2021 60 51,174 24,407 75,641
Exchange revaluation 3 775 778
Charge forthe year 74 16,443 16,517
Disposals (10,747) (10,747)
As at 31st March 2022 137 57,645 24,407 82,189
Net Book Value
As at 31st March 2022 216 16,756 16,972
As at 31stMarch 2021 23 25,344 25,367

Nature o
India.		 fbusiness:
Inves		 fbusiness:
Inves		 tment
of charitable
funds		 to advance education
amongst
children		 and young persons
Country ofIncorporation: India 2022 2021
0/ '/
holding holding
Class of Shares
Ordinary (beneficially owned) 99 99

Fort he year

ended 31stMarch 20

ended 31stMarch 20		 22 22
14b Creditors: amounts
due after one year		 falling Group
2022
2021
f
f		 Charity
2022
2021
f
F
Creditors and Accruals 56,959 41,960
15 Funds
Group 2022 B/Fwdf Income
f		 Expenditure
f		 C/Fwdf
Restricted Funds
Other donations
and		 other income 302,310 12,516 314,826
The Larry Ellison Foundation 4,538536 4,723,494 (1,739,233) 7,522,797
Total restricted
funds
Unrestricted
Funds		 4,840,846
19024		 4,736,010
-		 (1,739,233)
(309)		 7,837,623
18,715
4,859,870 4,736,010 (1,739,542) 7,856,338
Group 2021 B/Fwd
F		 Income
f		 Expenditure
f		 C/Fwd
f
Restricted
Fund
Other donations
and other income
The Larry Ellison Foundation		 291,986
3,334,093		 10,324
5,9111,~39		 ~3,797,9961 302,310
4,538.536
Total restricted
funds
Unrestricted
Funds		 3,626,079
18,575		 5,011,863 (3,797,096)
449		 4,840,846
19,024
3,644,654 5,011,863 (3,796,647) 4,859,870
Charity 2022 B/Fwd
f		 Income
F		 Expenditure
f		 C/Fwdf
Restricted Funds
Other donations
and		 investment income 266,036 2,734 268,770
The Larry Ellison Foundation 4,199,192 4,723,494 (1,776,920) 7,145,766
Total restricted
funds
Unrestricted
Funds		 4,465,228
19,024		 4,726,228 (1,776,920)
~369		 7,414,536
18,715
4,484,252 4,726,228 (1,777,229) 7,433,251
Charity 2021 B/Fwd
f		 Income
f		 Expenditure
f		 C/Fwd
f
Restricted Funds
Other donations
and investment
The Larry Ellison Foundation		 income 261,861
3,003,853		 4,175
5,001,539		 (3,806,200) 266,036
4,199,192
Total restdcted
funds
Unrestricted
Funds		 3,265,714
18,575		 5,005,714 (3,806,200)
449		 4,465,228
19,024
3,284,289 5,005,714 (3,805,751) 4,484,252

Net Assets S plit
Group 2022 Unrestricted Restricted Total
Funds
f		 Funds
f		 2022f
Tangible Assets 16,972 16,972
Prepayments &Accrued Income 18,897 18,897
Other Debtors 232,038 232,038
Cash at bank and in hand 18,715 7,949,391 7,968,106
Creditors )379,675) ~379,67~)
18,715 7837,623 7,856,338
Group 2021 Unrestricted Restricted Total
Funds
f		 Fundsf 2021f
Tangible Assets 25,367 25,367
Prepayments &Accrued Income 19,369 19,369
Other Debtors 98,455 98,455
Cash at bank
Creditors		 and in hand 19,024 4,993,300
~295,645		 5,012,324
(295,645)
19,024 4,840,846 4,859,870
Charity 2022 Unrestricted Restricted Total
Funds
f		 Funds
F		 2022
Tangible Assets 1,230 1,230
Prepayments &Accrued Income 2,090 2,090
Other Debtors 509,210 509,210
Cash at bank and in hand 18,715 6,962,056 6,980,771
Creditors (60,050) (60,050)
18,715 7,414,536 7,433,251
Charity 2021 Unrestricted Restricted Total
Funds
f		 Funds
f		 2021f
Tangible Assets 4,219 4,219
Prepayments 8 Accrued Income 3,568 3,568
Other Debtors 9,032 9,032
Cash at bank
Creditors		 and in hand 19,024 4,752,927
~(304,518		 4,771,951
~304.518)
19,024 4,465,228 4,484,252

follows;
2022 2021
Operating leases expiring: 8 8
Within one
Within one		 year
to five years		 6,934
231,067		 44,590
288,070