Reach to Teach
(A company limited by guarantee and not having a share C¥4Pital)
Company Number: 06002138
Registered Charity Number: 1121101
CONSOLIDATED FINANCIAL sTATEME1￿s
FOR THE YEAR ENDED
31st MARCH 2025
•AEHJLJJF•
1&11212025
COMPANIES HOUSE
A26

Reach to Teach
Contents
Page
Trustees, Report
1.-14
Auditorfs Report
15-17
Consolidated Statement of Financial Activities
18
Consolidated and Charity Balance Sheets
19
Consolidated and Charity Statement of Cash Flows
20
Notes to the Financial Statements
21-30

Reach to Teach
Trustees, Report
For the year ended 31 MaTch 2025
The Trustees present their report and the audited financial statements for the year ended 31" March
2025. These have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006, the Memorandum and Articles of Association, Financial Reporting Standard 102 and
Accounting and Reporting by Charities: Statement of Recommended Practice IFRS 1021 (effective I"
January 20191.
Objectlves, Strategy and Servlce Offerlngs
Objectives of the Chorfty
The Charity's principal objectives are to promote and improve the quality of education outcomes in
India across Grades I to 12, mainly focuslng on Foundational Literacy and Numeracy.
The Board has reviewed the objectives of the Charity and has complied with the duty in Section 17 of
the Charities Act 2011 to have due regard to the 'public benefit requirement, guidance published by
the Charity Commission and confirm these to be as follows..
a) To make educational grants and the provision of educational services to children in India; and
b) To manage the assets of the Charlty to support the sustainable making of grants.
About Reach to Teach
Reach to Teach works in collaboration with State Government Education Departments to take forward
the vision of the State by strengthening learning outcomes in Government schools across the State.
We leverage the learnlng acquired over more than a decade of community and field level engagement
to inform our work.
Our vision is that children should have access to quality education to become confident social citizens
with improved life chances. Our mission Is to improve education outcomes by making learning joyful,
and to work with State Governments, partners, parents, and communities with foundational learning
skills at the core.
We believe in the following key principles:
Every child has the right to quality education
Children learn best when they are safe, happy and engaged
Enhancing teacher agency is critlcal to strengthen Learning Outcomes
Engaging with stakeholders such as Governments, school leaders, teachers, parent5 and
com munities plays a pivotal role in children's education

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Trustees, Report
For the year ended 31st March 2025
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Theory oAChange
OurTheory of Change focuses on systemic change, scale and sustainability and underwrites our work.
Our model is embedded within the Government systems and focuses on building their capacity by
learning and doing together. Children's performance is a clear indicator of the results that we seek.
We work on a multi-pronged approach of creating content, imparting training, and continuous
assessment to monitor whether Learning Outcomes are bein8 achieved. In the long term, the
programme brings about systemic change at scale with buy-in at all levels, making the change
sustainable.
Plllors oAour work
Reach to Teach's work revolves around the following three central pillars:
Academlc Stren8thenin8: Enhancing curriculum development, teaching methodology and
learning outcomes through targeted interventions
Capacity Oevelopment: Building the capacity of teachers, administrators and staff through
training, workshops and professional development programmes
Institutional Strengthening: Improving the overall functioning and governance of schools
through tools such as Accreditation Frameworks and Community Engagement
Our Impact
In 2019, after over 12 years of field-level engagement, we changed our strategy and started working
with State Education Departments, beginning with Gujarat. This shift was driven by a clear insight- to
scale our learnings and increase outreach, the most effective route was to partner closely with State
Governments and co-create interventions based on our experience on the ground.
We work with the State Education Departments to strengthen education, making learning joyful,
equitable, and effective. Our collaborative approach emphasises designing and developing
frameworks, tools, and collaterals, alongside providing training and implementation support, so that
Government school systems have the resources they need tothrive independently in the long run. We
leverage the Government education system as a multiplier to drive scalable, sustainable change,
particularly in low-resourced schools. Working with school leaders and Government decision-makers,
we embed effective practices into the system, ensuring ownership, long-term impact, and holistic
development for children.

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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Our Programmes
We continued to work in Gujarat and Haryana for the last year. Our Indian subsidiary, Reach to Teach
Private Limited, also provided expertise and a donation to support the work of the Indian charity,
Reach to Teach Foundation, in Arunachal Pradesh and Meghalaya.
HARYANA (2021)
ARUNACHAL PRADESH
(2022)
GUJARAT (2007)
MEGHALAYA (2023)
Our work in each of these States is outlined below:
Gu
arat
Since 2019, Reach to Teach has worked in close partnership with the Gujarat Council of Educational
Research and Training (GCERT), Samagra Shiksha, and the Oepartment of School Education to
strengthen systemic reforms. During 2024-25, our engagement focused on curriculum development,
teacher professional development, assessment reforms, school leadership, enrolment and attendance
systems, and continued implementation support for the Mission Schools of Excellence Programme
under the World Bank and AIIB-supported Gujarat Outcomes for Accelerated Learning (GOAL} project.
In the area of foundational learning, we supported the development of Gujarati learning resource kits
and training modules for Grades l and 2, reaching nearly 50,000 teachers. Over 1.3 million children
from Balvatlka to Grade 2 were assessed, and six assessment tools for Language and Mathematics
were created. Oral reading fluency assessments were undertaken for all Grade 2 students, and we
contributed content for training teachers and officials in remedial strategies.

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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Our curriculum and content developrnent work extended to higher grades with the co-creation of
teacher editions for Grades 3 to 8, the drafting of the State Curriculum Framework, and the
development of Learning Outcomes and textbooks for Grades 6 to 8. In addition, Reach to Teach
collaborated on curriculum design and supported the integration of Indian Knowledge Systems into
classroom learning.
Teacher professional development remained a priority. Reach to Teach designed three State-wide
online training modules aligned with NEP 2020 and State priorities, reaching over 275,000 teachers
through the first two modules and 48,475 teachers through the third. Under the GOAL project, Reach
to Teach co-developed 26 training modules and supported the training of 117,000 teachers across
Grades 3 to 8, while also monitoring delivery, engaging with trainers, and providing final reports to
the independent verification agency.
Reach to Teach played a significant role in strengthening student assessments by contributing to the
blueprint design for State-level assessments, reviewing question banks, and validating tools for the
National Achievement Survey 2024. We also strengthened and facilitated the implementation of the
Gujarat School Quality Assessment and Accreditation IGSQACI framework under Gunotsav 2.0.
conducting virtual orientation sessions to reach School Heads across the State.
School Leadership Development gained momentum through our collaboration with the Riverside
Learning Centre for the rollout of the Design for Change framework, training 750 Head Teachers from
Schools and Residential Schools of Excellence. Reach to Teach continued to provide technical support
to the GOAL project as the Technical Support Unit (TSUI. Thls included reviewing and finalising 156
khool Development Plans {SDPsl, supporting Annual Work Plans and Budgets across six districts,
digitising SDP5, and contributing to competency-based education initiatives by training State Resource
Group members, Head Teachers, and Senior Secondary Educators.
Our engagement with the Residential Schools of Excellence programme focused on strengthening
teaching, leadership and learning experiences. We developed experiential learning booklets for
Grades 6 to 8, helped design leadership training aligned with inquiry-based pedagogy, and contributed
to the external evaluation of the GOAL project through tool development, field visits, and stakeholder
consultations in coordination with GCERT, DIETS, and the World Bank.
A major area of reform in 2024-25 was enrolment and attendance. we supported the State's shift to
a data-driven, child-centric approach through Shalo Praveshotsov 2.0. Around 841,000 children were
enrolled in Balvatika, which is a pre-school programme through a pioneering pre-enrolment
mechanism, while 77,000 migrant children were identified, of whom over 72,000 were successfully
re-enrolled in schools. We also contributed to the rollout of the Gujarat State Attendance Portal,
strengthening systems to track teacher and student attendance, reduce dropouts, and increase
teaching-learning time.

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Trustees, Report
For the year ended 31st March 2025
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Reach to Teach began its partnership with the Department of School Education, Haryana in 2021 to
provide technical assistance in designing and implementing a School Accreditation Programme. The
partnership focused on developing the School Quality Assessment and Accreditation Framework
ISQAAF), creating operational 8uidelines and SOPS, building capacity of system officials, and equipping
government schools with tools and processes to improve quality of education. The framework was
developed through extensive stakeholder consultations, drawing on international best practices and
tailored to Haryana's context.
To support implementation, a dedicated Accreditation Resource Group {ARGI was formed, comprising
DIET faculty, private school representatives, academic officials, and Education Department staff. A
pilot covering SOO schools across six districts saw high participation and positive user feedback, leading
to refinements in the framework. The programme was formally launched in 2023 by the Union
Education Minister and Chief Minister of Haryana for 1,789 schools, including Arohi, Model Sanskriti,
and PM Shri schools. Of these, 1,608 schools (about 90%) completed self-evaluations as the first step,
and over 800 schools underwent quality assurance reviews by district-level ARGS.
As technical partner, Reach to Teach continues to work with the IT Cell to ensure that the digital tool
under development is fully aligned with the framework. This includes random sample checks to verify
data accuracy, ensuring scores are awarded as per the design, and undertaking joint consultations in
exceptional cases to integrate field learnings into the tool's f unctionality.
The programme is designed for future scale-up across the State, with the objective of strengthening
governance and improving the quality of teaching and learnin8.
Arunachal Pradesh and Meghalaya
Our Indian subsidiary, Reach to Teach Private Limlted has contlnued to support the work of the
independent Indian charity, the Reach to Teach Foundation I'the Foundation"), through a donation
of £93k and some pro-bono support by its senior staff.
During the year the Foundation deepened its partnership with the Arunachal Pradesh Education
Department, advancing state-wide initiatives under the National Education Policy and the Mission
Learning Enhancement Arunachal Pradesh (LEAP) programme. The key interventions included
improving Learning Outcomes, through a School Readiness Programme for Grades 1-5 and a new
Learning Recovery Programme for Grades 1-8. The Foundation also supported leadership
development through orientations for over 760 School Heads and strategic support to District Task
Forces.
The Foundation has been working with the Department of Education, Meghalaya since 2023, with a
focus on advancing foundational learning, strengthening assessments. and improving classroom

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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instruction through high-quality teacher resources, institutional capacity building, and measurable
learning improvements.
Financial Review
During the year to 31 March 2025 total income was £203k (2024 £249kl. Grants and donations
totalled £12k compared to £8k in the previous year.
Total expenses were £1,609k, which was more than 20% lower than in the previous year {2024
£2,078k). Most of this decrease was due to lower spend on charitable activities. The main areas of
charitable activity during the year continued to be the work with the Education Departments in
Gujarat and Haryana. As Reach to Teach works in partnership with these Education Departments it is
our people who are the key resources and therefore staff salaries are the main cost. Staff salaries
relatlng to charitable activities reduced from £959k last year to £675k reflecting both a reduction in
staff numbers particularly in administrative areas as well as some staff leaving to join the Reach to
Teach Foundation. Also, during the year to 31 March 2025 in view of the reduction in staff numbers
office related costs were significantly lower in Delhi and London.
Expenditure on raising funds was lower at £221k compared to £274k in the year to March 2024. This
was mainly due to lower spend on external consultants.
The net loss for the year was £1,407k (2024 loss of £1,829kl. The loss reflects the fact that we
continued to draw on the unspent grant from the Larry Ellison Foundation brought forward from
earlier years. As a result, net assets decreased from £4,693k to £3,286k and the main change in the
balance sheet was the reduction in the cash and investment balances from £4,850k at 31 March 2024
to £3,338k at 31 March 2025.

Reach to Teach
Trustees, Report
For the year ended yst March 2025
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Future Developments
The cash resources of the Charity come almost entirely from the grant from the Larry Ellison
Foundation. The final grant instalment of £404k received from the Larry Ellison Foundation was
reflected in the financial statements for the year to 31 March 2023. The Charity isvery grateful for the
support Larry Ellison has provided to it since 2007. This has enabled the organisation to grow from
running small field-based programmes in the State of Gujarat to one that works at a large scale with
state governments in India seeking to design and implement large scale system strengthening
interventions.
For the last three years our Indian subsidiary, Reach to Teach Private Limited has been supporting the
work of the independent Indian charity, the Reach to Teach Foundation through donations and pro-
bono support from its staff. The Reach to Teach Foundation is an India based charity constituted under
the Companies Act 2013 as a Section 8 (Not-for-profit) Company, which carries out similar
programmes. For the last three years, the Indian Foundation has been working in partnership with the
State Governments of Arunachal Pradesh and Meghalaya on strengthening learning outcomes. It has
raised funds from other third-party sources in India to support these programmes. In April 2025 the
Foundation received its Forei8n Currency Re8ulation Act {FCRAI re8iStration and is now eligible to
receive foreign grants.
The Reach to Teach Foundation is aligned with the UK Charity in its approach and the Board of the
Charity believe the Foundation is well placed to carry on similar nature of programmes independently
wlth State Governments in India.
The Reach to Teach Foundation has agreed to take over the Charity's projects in Gujarat and Haryana
and operations of Reach to Teach Private Limited will be wound down. In August 2025 the Charitv
entered into a grant agreement with the Reach to Teach Foundation to fund its work, and this will
enable the Reach to Teach Foundation to continue the Charity's work in Gujarat and Haryana. The
grant agreement will run until March 2027 and the amount of the total grant will be for a total amount
of up to USD 2 million. This will mean that Reach to Teach will be using most of its remaining cash to
provide this grant. However, it will retain a small amount in the UK to fund its own operations going
forward.
Reserves Policy and Going Concern
In view of the planned changes outlined above the Charity will have very limited financial obligations.
It employs two part time staff in London and has no material obligations. Therefore its costs going
forward will be very small.

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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The trustees have also considered whether any possible events might cast significant doubt on the
ability of the Charlty to continue as a going concern. After making a grant to the Reach to Teach
Foundation the Charity will retain sufficient funds to cover its costs for at least the next two years. It
will also set aside funds to ensure that the Charity maintains sufficient resources to complete an
orderly winding down of its activities.
Investment Pollcy
The grants received bythe Charity from LEF were denominated in US dollars, Since most of the Charity
costs are in Indian rupees and the US dollar is aligned more closely with the Rupee than the Sterling,
our policy is to retain the majority of the cash funds in US dollars and only convert a sufficient amount
to Sterling to cover our UK based costs.
The Charity follows a conservative investment policy with its US dollar funds. Money is held in deposit
accounts and short-term fixed deposits with significant banks yielding market rates of interest.
Rlsk Management and Assessment
The trustees have a duty to identify and review the risks to which the Charity is exposed to and ensure
appropriate policies and procedures to minimize these risks.
The Charity's risk framework is based upon the Charity Commission guidance. The written Risk
Register contains details of each risk, including an assessment of the existing controls and monitoring
activities and the further risk mitl8ation actions that will be put in place. Key reputational risk
management processes and contingency plans for priority risks have also been developed. In addition,
a monitoring and assessment process has been agreed upon, which includes a detailed annual review
of risks by the Executive Team and the Board.
The trustees believe that the risk framework provides an effective system to mitigate the risks the
Charity faces.
Details of the main risks and howthese are managed are set out below.

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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Key risk
Details of risk
Management of risk
Availability of
fundingto sustain
the Charity
Funding risk: Between 2007 and
2023, the Charity has had one funder,
the Larry Ellison Foundation {LEFI.
The grant agreement with LEF has
now ended, but the Charity still
retains substantial cash resources.
As
outlined
the
Developments section above the
Charity's costs going forward will be
very small and it will retain sufficient
reserves to cover those costs for at
least two years.
Future
Safeguarding risks
The risk of harm, exploitation or
abuse of an individual during or as a
result of the pro8rammes funded bv
the Charity.
Safeguarding policy and reporting
procedures are
in
place with
designated safeguarding staff at
Board, management and operational
levels, and training is regularly
provided to all staff.
The nature of the work with the
government means there is no direct
access to children and communities.
Reputatlonal risks
Damage to the reputation of the
Charity
Maintenance of good relationships
across all stakeholder levels.
Clear policies and procedures to
manage
interactions with the
media.
Contingency plans are in place to
manage reputational risks.

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Trustees, Report
For the year ended 31st March 2025
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Regulatory Details
Constitution
The Charity is a company limited by guarantee and governed
by its Memorandum of Assoclation.
Company Number
06002138
Charity Number
1121101
Re8iStered Office
30 Orange Street, London WC2H 7HF.
Board of Trustees
The Trustees, who are also the Directors under the Companies Act 2006, and who served during the
period from I, April 2024 up until the date of signing this report were:
Rakhee Ditta (Chairl
Matthew Symonds {DeputyChairl
Neha Aviral
th
Vijay Chhibber (resigned 12 September 2024)
Geeta Khehar
Executlve Team and Key Management Personnel
The members of the executive team who served duringthe period from I"April 2024 up until the date
of si8ning this report were:
Chief Executive Officer., Ratna Viswanathan
Chief Operating Officer: Shikha Mathur
Principal Director of Finance.. Anil Chaudhry
Principal Director of UK Operations and Finance: PeterThomas
10

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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Advisors to the Company
Bankers:
HS8C
Pall Mall Commercial Centre
5th Floor
70 Pall Mall
SWIY 5EZ
Metro Bank
137 Chiswick High Road
London
W42EO
Auditors:
PKF Littlejohn LLP
15 Westferry Circus
London E14 4HD
Le8al Advisers UK:
Bates Wells Braithwaite
10 Queen Street Place
London, EC4R IBE
Legal Advisers India..
Ashwathh Legal
K19 Jangpura Extension
New Delhi 110014
Auditors India:
PKF Sridhar & Santhanam LLP
319, Third Floor, OLF Prime Towers
Okhla Phase I
New Delhi 110020
Accountants India:
Hasmukh Shah & Co
409-410, Dalamal Chambers,
New Marine Lines
Mumbai 400 020

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Trustees, Report
For the year ended 31st March 2025
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Structure. Governance and Management
Governing Documents
The organisation is a charitable company limited by guarantee, incorporated on 17 November 2006
and registered as a charityon 8th October 2007. The company was established under a Memorandum
of Association, which established the objects and powers of the charitable company.
The Governance ol the Chority
The governance practice5 are set out in the Reach to Teach Board Handbook. The 8oard Handbook is
in line with the Charity Governance Code issued in July 2017 by the steering group of charity umbrella
bodies. The purpose of the Handbook is to assist the trustees in f ulfilling their responsibilities and
serve as a point of reference for all key aspects of the Charity's governance framework.
The Board and Management OA the Chority
All rnajor decisions relatlng to funding, strategy, financial plans and policies are taken by the trustees
of the Charity. During the year, formal meetings of the trustees were held at regular intervals. The
trustees also conferred regularly by telephone, e-mail and at informal meetings.
The Charity has a formal nomination procedure for selecting new trustees. In identifying potential new
trustees, the Board looks to brin8 in people with experience in education, institutional relations
resource mobilization and Edtech.
The day-to-day management of the Charity is entirely delegated to the Chief Executive Officer (CEO),
and she is supported by an experienced executive team. The Charity's executive team 15 based in India
and London. The India team Includes the Chief Executive Officer, the Chief Operating Officer and the
Principal Director of Finance. The Principal Director, UK Operations and Finance is based in London,
Indemnity Insurance
There is indemnity insurance in place, which provides cover for all the trustees and employees of the
Charity.
Remunerotion Policy andsenior Staff Remuneration
The details concerning the remuneration paid to the Chief Executive Officer during the year and the
executive team are disclosed in the financial statements. The trustees carry out their duties on a
voluntary bas15.
The key principle of the Charity'5 remuneration policy is to attract and motivate staff with the skills
and expertise to ensure the delivery of the Charity's objectives while ensuring that pay levels and pay
increases are appropriate in the context of the interests of our beneficiaries.
12

Reach to Teach
Trustees, Report
For the year ended 31st March 2025
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In relation to deciding remuneration for the Charity's senior staff, the Charity takes into account the
following principles:
To ensure that the Charity can access the skills and experiences it requires in its senior staff.
Pay is one part of a package that includes personal development, personal fulfilment and
association with the public benefit delivered.
The Charity has disclosed in note 7 the total remuneration of the executive team.
Resource Mobilizotion Activitles
During the year, the Charity received a grant from Team4tech of £11,815 and donations totalling £597.
The Charity does not actively seek to raise funds from the public, and in recent years there have been
very few donations from the public.
The Charity complies wlth the Charities (Protection and Social Investment) Act 2016, includlng the
guidance outlined by the Charity Commission for England and Wales {CC20 and CC15dl regarding
trustee duties and reportin8, respectively. The Charity has never received a complaint regarding its
fundraising approach from the general public or any corporates or foundations. It also does not
employ any third-party organization to conduct fundraising on its behalf.
Trustees, Responslbllltles In relatlon to the Flnanclal Statements
The trustees (who are also directors of the Charity for the purposes of company lawl are responsible
for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (the United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year, which give
an accurate and fair view of the State of the affairs of the charitable company and of its income and
expenditure for that period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards, including FRS 102, have been followed, subject
to any material departures disclosed and explained in the financial statements;
state whether a Statement of Recommended Practice {SORP} applies and has been followed,
subject to any material departures which are explained in the financial statements,.
prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
13

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Trustees, Report
For the year ended 31st March 2025
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The trustees are responsible for keeping adequate accounting records that 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
safeguarding the assets of the charitable company and hence for taklng reasonable steps to prevent
and detect fraud and other irregularities.
None of the Trustees had any beneficial interest in any contract to which the organization was a party
during the year.
In so far as the Trustees are aware:
there is no relevant audit information of which the charitable company's auditor Is unaware;
and
the Trustees have taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditors are aware of that information.
Auditors
PKF Littlejohn LLP has indicated their willingness to continue in office and are deemed to be
reappointed in accordance with section 48712) of the Companies Act 2006.
Small Company Exemption
This report has been prepared in accordance with the special provisions of Part IS of the Companies
Act 2006 and in accordance with the Financial Reporting Standard 102 (effective January 20191.
This report was approved by the Board of Trustees on the 2, December 2025 and signed on their
behalf bv
Ms Rakhee Ditta, Chair
COMPANY NUMBER: 06002138
14

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF REACH TO TEACH
Opinion
We have audited the financial statements of Reach to Teach {the 'parent charitable company,) and its subsidiaries
(the 'group') for Ihe year ended 31 March 2025. which comprise of the Consolidated Ststemenl of Financi81
Activities (incorporating an income and expenditure account), the Consolidated and Parent Charitable Company
8alance Sheets, the Consolidated and Parent Charitablé Company Cash Flow Slatemenls and noles to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounts'ng Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK 8nd Republic of Ir81and (United Kingdom G8n8rally Accéptéd
Accounting Practice). In our opinion, the financial statements..
give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31
March 2025, and of the group's incoming resources and application of resources, including ils income and
expenditure, for the year then 8nd8d',
have been properly pr8pared in accordance wilh United Kingdom Generally A¢¢epted A¢¢ounling
Practice. and
have been prepared in accordance wlth Ihe requirements of the Companies Act 2006 and the Charllles
Act2011.
Basls foroplnion
We conducted our audlt in accordance with Internation81 Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those slandards are further desrJibed in the Auditorfs responsibilities for the audit
of the financial statements section of our report. We are independent of the group and parent charitable company
in accordance with th8 ethical requirements that ere relevant to our 8udil of the financial statèmènts in thé UK,
including the FRC'S Ethical Standard, and we have fulfilled our other éthical responsibilities in accordance wSth
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our opinion.
Material un¢ertalnty rèlated to golng concern
W8 draw attention to notes 1 {b) and 19 of the financial stalemenls, which describè management's consideration of
the future plans for the p8rent charitable company. The implementation of these plans are dependent on decisions
that have not yel been finalised.
The potential impact of these plans indicate that a rnaterial uncertainly exists that may cast significant doubt on the
parenl charitable company's ability lo continue as 8 going concern. Our opinion is not modified in resp8Ct of this
m8tter.
In auditing the financial statements, we have concluded that the directors, use of the going concern basis of
accounting in the prepar81ion of the financial statements Is appropriate.
Our responsibilities and the responsibilities of the directors with respect to going concem are described in the
relevant sections of this report.
Other Inforniatlon
The other information comprises the information included in the trustees. annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other infomation contained within
the trustees, annual report. Our opinion on the financial statements does not cover the other infomalion. except to
the extenl otheNise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doin9 so, consider whelher the other infornation is
materially inconsislenl with the financial statefflents or our knowledge oblained in the rA)urse of the audil, or
otherwise 8ppears lo be materially misstated. If we identify such material inconsistencies or app9￿nI material
misstatements, we are required to delermine wh8th8r this gives rise to a material misstatement in the financial
statements themselves. If. based on the work we have performed. we conclude that ther8 is a materia
misstatemenl of this other information. we are required to report that fact.
We have nothing to report in this regard.

Oplnions on other matters prescflbed by the Companies Act 2006
In our opinion, based on the work undertaken in the c(￿rSe of thè audit:
th8 infonmation given in the trustees. report. which includes the directors, report prepared for the purposes
of company law, for the financial year for which the financial statements are prepared is consistent with
the financial statements; and
the directors, report included within the Injstees, report have been prepared in accordance with applicable
legal requirements.
Matters on whieh wè ara required to report by exception
In th8 light of the knowledge and underslandlng of the group and parent charitable company and their envlronment
obtained in the course of the audit, we have not identified material misstatements in the directors, report included
within thè Irust88s' annual report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and th8
Charities Act 2011 requirès us to report to you rf, in our opinion:
adequÉl8 and sufficlent accounting records have not been kept by the parenl charitable comp8ny, or
returns adequate for our audit have not been received from branches not visited by us.. or
the parent charitsble c¢Jmpany's financial 8tatem8nts are not In agreement with the accounting records
and returns- or
cértain disclosures of trustees, remuneration specified by law are not made; or
we have not recèived all the information and explanations we require for our audil: or
th8 InJstè8S W8re not entitled lo prepare the financi81 siatemenls in accordance with Ihe small companies.
regime and take advantagé of the small companles, 8xemplions in preparing the directors, report and from
the requiremènts to prepare a strategic report.
Responslbllities of truslees
As explained more lully in the Trusteès, Responsibilities statement In relation to tha Financial Statements, the
trustees {who are also the directors of the charitable company for the purposes of company law) are responsible
for the preparation of the group and parent charitable company financial slal8menls and for belng sallsfied that
they give a true and fair view, and for such internal control as the Injslees determine is necessary to enabl8 thè
preparation of financial slalemenls that aré free from materi81 misstatement, whether duè to fraud or error.
In preparing the group and parent charitable company financial statements, the trustees are responsible for
assessing the group and parent charitable company's ability to continu8 as a going concern, disclosing. as
applicable, matters related to going concem and using the going concem basis of accounting unlèss the truslèès
ellher intend lo liquidate thé group or th8 parent charitsble comp8ny or lo ce8se operations, or h8ve no re81istic
alternative but lo do so.
Auditovs responslbllltles for the audlt of the flnan¢lal statements
We have been appointed auditor undèr the Compani88 Act 2006 and saclion 151 of th8 Charit18s Act 2011 and
report in accordance with those Acts and relevant regulations or having effect thereunder.
Our obje¢lives ar8 lo obtain reasonable assurance about whether th8 financial stslements as a whole are free from
material misstatement. whelher due to fraud or error. and to Issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance bul is not a guarantee that an audil conducted in accordance
with ISAS {UKI will always detect a material misslatemenl when it exists. Misslat8menls can arise from fraud or
èrror and are considered maleriaS if. individu811y or in the aggregate, they could reasonably be expected to influence
the économic decisions of users laken on the basis of these financial stat8m8nts.
Irregularilles. including fraud, are instances of non-￿mPli8nce with laws and regulations. We deslgn procedures
in line with our responsibilities, outlined above, lo detect material misstalements in respect of irregularities.
including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detailed
below..
We oblained an understandlng ofthe group and parent charitable company and the sector in which they
operate to identify laws and regulations that could reasonably be expected to have a direct effect on Ihe

financial statements. We obtained our understanding in Ihis regard through discussions with management,
seclor knowledge and application of cumulative audil knowledge and experience.
We determined thé principal laws and regulations relevant lo the group and parent charitable company in
this regard to be those arising from Companies Act 2006, Charities Act 2011. Financial Reporting
Stsndard 102, the Charities SORP and relevant employee legislation.
We designed our audit pr¢X8dures to ensure the audil team considered whether ther8 were any
indications of non-compliance by the group and parent charitable company with those laws and
regulations. These procedures included, but were not limited to enquiries of management, review of
rninules. review of lègal and regu18tory correspondence.
We also identified the risks of material misstatement of th8 financial ststem8nls due to fraud. We
considered, in addits'on to thè non-rebuttable presumption of a risk of fraud arising from management
override of controls, that there was a polenlial for management bi8s in the liming of re¢ognition of
investment income. Wé addressed this through review of income around the year end to ensure correct
treatment under the Charities SORP, including considération of the accounting period in which income
should be recognised.
We also identified potential for managern8nl bias in th8 judgments made around compleleness of
liabilities. We addressed this through inquiri85 of managem8nt, review of transactions and invoices after
the year end.
We also identified potèntial for management bias in the allocation of support cosls agalnst charitable
activity categories. We addressed this through raviewing the method used for reasonabl8n8ss, and re-
performing the calculation to ensure it had been performed accurately in line with the stated method.
As in all of our avdils, we addressed the risk of fraud arising from man8gement override of controls by
performing audit procedurès which included, but were not Ilmlted to.. the t8sling of journals,. r8viewing
accounting estimates for evidence of bias. and evaluating the business rationale of any significant
transactions that are unusual or outside the normal course of business.
Because of the inherent limitations of an audit, there Is a risk Ih81 we will not detect all irregularities. including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases Ihe more Ihal compliance wth a law or regulation is removed from the events and transactions refTecled
in the financial slatements, as we will be less likely to become aware of irsstances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, 8s fr8ud involves intention81
concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibililles for the 8udit of the financial stalemenls is located on the Financial
Reporting Council's website at.. ww.frc.or
.uklaudilorsres
onsibilities. This description forms part of our auditor's
report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapler 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so thal we might slate to the charilable
company's members those malters we are required lo state lo them in an audilols report and for no other pvrpose.
To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone, other than the charitable
company and the ch8rit8ble company's members as a body, for our audit work, for this report, or for the opinions
we have fomed.
Alastair Duke {Senior Statutory Auditor)
For and on behalf of PKF Littlejohn LLP
Statutory Auditor
15 W8stt8rry Circus
Canary Wharf
London E14 4HD
10 December 2025

Reach to Teach
Consolidated Statement of Fnnancial Activities
For the year ended 31st March 2025
(incorporating an income and expenditure account)
Note Unr•strlcted Restricted
Funds
Furtds
31-MJT
2025
Unrestricled Restricted
Funds
Funds
31-Mar
2024
In¢ome From".
Grants and Donailons
Investrnent Income
597
190 253
11,815
12,412
190253
1,569
241766
6,133
7,702
241 766
Total
190 850
202 665
243 335
249 468
Expgndlture On:
Ralslng Funds
Charitable Aclivhles
221,263
138807
221.263
274.305
274,305
Total
1609 338
Net Incom•lllos8) for th•
year
190,850 11.597,523) (1,406,673)
243.315
12,071,910) {1,828,595)
Total funds brought forward
15 ￿￿29Q￿l4 ￿92827 158598 6362824
6 521 422
Total funds carrled forward
15
592 763 2 693 391
3 286 154
4 290 914
4 692 827
All gains and losses arising are included in the stslemenl of financial activities and arise from continuin9 activities.
The slalemenl of financial activities for the Charily is sel out In note 2.
The notes on pages 2110 30 fom part of these flnancial slalemenl$.
18

Reach to Teach
Balance Sheets as at 31st March 2025
Group
Charity
Company number.. 06002138
Note
2025
2024
2025
2024
Fixed assets
Tangible assets
Investments
Fixed deposits with banks
Other long temi assets (prepaid tax)
11
12
10,433
10,118
581
967
785,871
12,504
795,989
Current Assets
Debtors and prepayments
Cash at bank and in hand
13
127,295
3 337 800
3,465,095
108.693
423.763
2 235 649
2,659,412
223,633
3 897 899
4,121,532
4,173,143
Currenl Llabllltles
Creditors: amounts falling due
one year
14a
144 474
230 174
Net Current Assets
3 320 621
3 942 969
2 631039
4 080 652
Creditors.. amounts falling due after
one year
Total Nel Assets
3 286 154
4 692 827
2 631620
4 081619
Funds
Restricted funds
Unr8slricted funds
15
15
2,693,391
592 763
4,290,914
401913
2,176,984
3,756,978
Total Funds
3 286 154
4 692 827
2 631620
4 081619
These financial sL3tements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The company has taken exemption from presenting its unconsolidated profit and Ioss account under
section 408 of Companies Acl 2006. The net loss of the parent for the year amounted to £1,449,999
(2024.. net loss was £1,863.352).0
The financial statements were approved by the trustees, and authorised for distribution. on and signed on
their behalf by:
Rakhee Ditta
Trustee
04 December 2025
The notes on pages 21 to 30 form part of these financial statements.
19

Reach to Teach
Cash Flow Statement as at 31st March 2025
Group
Charity
2025
2024
2025
2024
Notes
Net cash provided by
operating activities
A (1,694,210) (1,561,301) (1,791,648) (1,486,791)
Cash flows from investing actlvities
Interest received
Cost of purchasing tangible fixed assets
Net cash inflow from inv8Stment activities
190,253
241,766
129,398
188,678
12
Net oufflow in the year
At 1 April 2024
At 31 March 2025
{1.512,521) (1,325,310) {1,662,250) (1.299,273>
4 850 321
6 175631
3 897 899
5 197 172
4 850 321
2 235 649
3 897 899
A Reconclllatlon of net operallng Income to net cash flow from operatlng actlvllles
Group
Charlty
2025
2024
2025
2024
Net loss
Loss on sale of tangible fixed assets
Sale proceeds of tangible fixed assets
Interest received
Forex revaluation of fixed 8ssels
Depreciation charges
Movement in corporate lax
Movement in debtors
Movement in prepayments
Movement in creditors
Net cash provided by operating activities
<1,406,673) (1.828,595) <1,449.999) (1,863.352)
222
83
{241,766)
453
11,328
5,396
182,556
406,788
660
(190,253)
245
7,343
{11.203)
{25,737)
5,064
(129.398)
(188.678)
193
(200.838)
708
178,846
403,806
Analysis of changes In net debt
Opening cash balance
Cashflow in the year
Closing cash balance
4.850.321
1 512 521
3 337 800
6,175,631
1 325 310
4 850 321
3,897,899
1662 250
2 235 649
5.197,172
1 299 273
3 897 899
20

Reach to Teach
Notes to the Financial Statements
For the year ended 31st March 2025
l Accounting Policies
a) Basis of preparalion
These financial statements for the period 1 April 2024 to 31 March 2025 are prepared on a going concern basis
under the historical cost convention. The Charity is incorporated in the UK.
The financial statements have been prepared in accordance wilh the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102). The Charitable Group is a public benefit group for the purposes of
FRS 102. Therefore the Charity also prepared its financial statements in accordance with the Statement of
Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial
Reporting Standard applicable in th8 UK and Républic of Ireland (The FRS 102 Charities SORP, 2nd Edition),
the Companies Act 2006 and Groups (Accounts and Reports) Regulations 2008 (SI 20081410), the Charities Act
2011.
b) Going Concern
The trustees have assessed whether the use of going concern is appropriate and have considered possible
events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern.
The trustees have m8de this assessment for a period of al least one year from the dale of approv81 of these
financial statements. In particular, th8 trustèes have considered the Charity's cash position and fSnanci81
forecasts. At 31 March 2025 Reach lo Teach held cash balances of £3.3 million, of which £2.2 million was held
by the Charity in the UK.. As explained in the Trustees Report and note 19 (Post Balance Sheet Events), the
Charlty will be using mosl of ils remaining cash to provide a grant to th8 Réach to Tèach Foundation. Going
forward the other costs ofth8 Charity will be very small. It employs two part lime staff and has no material costs.
Th8 Charity will retain a small amount to ensure that it has sufficient cash lo cover its costs for at least
years. It is likely the Trustees willl decide to wind up the Charity in th8 next two years.
As a result. the truste8s have concluded that there is a reasonable expectation that the Charity has adequate
resources to contlnue in operational exislence for the foreseeable future. The Charity, thèrefore, continues to
adopt the going concern basis in prepanng ils financial stalemenls.
c) Critical accounting estlmates and areas of judgement
In th8 application of the group's accounting policies the trustees are required to make judgements, estimates
and assumptions, p8rticu18rly in respect of the depreciation of assets and. accru818, These judgements,
estimates and associated assumptions are r8Vi8W8d on an ongoing basis and are based on historical
experience and other factors that are considered to be relevant.
The principal accounting policies adopted in the preparation of the financial statements are set out below.
dl Incom•
Incomé is included in the Slatemenl of Flnanci81 Activlties when the Group has 8n entitlement to the funds., the
amount can be quantified, and the receipt is probable.
e) Expenditure
Liabilities are recognised once there is 8 18gal or conslruclive obligalion lo transfer economic benefit lo a tttird
party, il Is probable that a Iransfer of economic benefits will be required in selllement and the amount of the
obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been
Classified under headings that aggregate all costs related to the category.
fj Allocation of overhead and support costs
Overhead and support costs are allocated between thé cost of raising funds and charitablé activilies. A
percentage of senior staff time is allocaled lo fundraising and this percentage is then applied to the total cost of
salaries and the related overheads to determine thé total cost of raising funds.
g) Termination payments
Termination payments to staff are recognlsed in the financi81 statements when they are Sncurred. At Ihe year
end, any temiinalion payments agreed but not paid are accrued in the financial slatements.
h) Fundraising
Fundraising expenditure consisis of th8 costs of fundraising consullanls and an allocation of staff and ovehead
costs. Staff costs arè based on an estimate of staff time spent on fundraising. The percentage of staff costs
i) Charitable Activitses
Costs of charilable aclivities include the direct costs and staff costs related to our education programme5. the
development of our education Content and new initiatives together with an apportionment of overhead and
support costs.
21

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
Jl Tangible Flxed Assets and Depr•clation
Tangible fixed assets are staled al cost less depreciation. Depreciation is provided al rates calculated to write off a
percentage of the carying amount of Ihe asset each year at the following rates-.
Fixtures & Fittings
33Yo slraighl line
Computer equipment
33% slraighl line
The Charity only capitalises items costing more than £250. Batches of items below this threshold are immediately
expensed lo SOFA.
k) Pension costs
The Charity provides the oplion of contribution into the employees. personal pension plans for all employees. The
pension ¢o$t ¢harge represenls contributi￿S payable by the organlsation Inlo the individual stakeholder p18ns.
11 Fund A¢counllng
Unrestricted fvnds are available for use at the Trustees, dIsC￿li0n In furtheran¢e ol the general obl8cllves ol the Charfty.
Restricted funds are funds Ihal are lo be used in acu)rdance wilh specific restrictions imposed by donors. The aim and
use of ea¢h reslncled fund is sel out in nole 15 of th8 finandal slalemenls.
m) 0￿ratIng l•asès
Rantsls paid undar operallng leases are charged to th• income and expenditure a¢(x)unl on a straighl-line basls over the
period of the lease.
n) Oth•r financial instrumonts
Cash and cash equivalents
Cash and cash equiv8lenls includo cash al banks and In hand and short tem deposits with 8 maturity date of three
months or less.
Debtors and creditors
Oeblors and credilots ffjceivable or p8yable wSlhin one yeai ol the reporting dalo are catrled 81 thalr Ir8ns8ction price.
oeb10￿ and creditors that are receivable or payable in more than one year and nol subject lo a market interest rate are
measured al the p￿sent value of the expected lulure receipts or payments disrA)unled 81 a markel rale of inte￿$1.
ol Forelgn Exchange Pollcy
The granls received from the Larry Ellison Foundation were paid lo the Charity in US dollars and the ¢a8h remainlng
from these grants are held on deposil. Most of the Charlty's Costs ara in Indian rupees and il incurs som8 costs in
slerling. The policy is to CL)nvert the dollars periodically to Indian njpees and sterling lo fund the Indian and UK
operations as required.
2 Statement of Financial Actlvltl&s for the Parent Charlty (oxcludlng Indian Subsidiary)
Unrgstrfcted Restrictsd 31-Mar
Funds
Funds
2025
Unreslrlcted Restricted
Funds
Funds
31-Mar
2024
I Icome From:
Grants and Donations
Investmonts
597
129,398
11,815
12.412
129,398
1,569
188,878
6,133
7,702
188,678
Totsl
129,995
11.815
141,810
190,247
6,133
196,380
xpendlture On
Ralslng Funds
Charltable Activities
72,625
72,625
1519 184 1519 184
65,067
65,067
Total
1591809 1 591809
20 2059712
2 059 732
Net loss for the year
129,995 (1,579.994) 11,449,999)
190,227 {2,OS3,S79} (1,863,352)
Total funds brought forward
324 563 3 757 056 4 081619
134 336 5 810 635
5 944 971
Total funds carried forward
454 558 2 177 C￿2 2 631620
324 563 3 757 056
4081619
3 Grant8
This year Grants and Donations includes a grant from Team4Tech of £11,815-and other donations of £597. Last year
Grants and Donations included a grant from the Eeonomist Charitablo TrLJsI of £6,133 and other donations of £1,569.
22

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
4 Charltable Actlvltles
Dire
Staff
costs
Support
Cogts
31-Mar
202S
Yoar to 31$1 March 2025
Govemmenl Pr(wJv8mmes
Educaiion Content Oevelopmenl
68,147
21,331
669,255
5,804
675 059
(See Note 71
Staff
¢o$ts
601.408
22,130
623 538
(See Note 51
1.338,810
1 388 075
Dlr•¢t
costs
Support
Costs
31-Mar
2024
Year to 31 st March 2024
Govemment Programmes
Edijcalion Content Davelcyment
91.S10958.609 753.639
1.803.7S8
{See Note 7)
{See Note 51
In the yèarto 31 March 2024 th6 dev6lopmenl of Èduc81ion eontenl development was carried out by our own
staff as part of the work on Government Proorarnmas.In the year lo 31 March 2025 w8 eng8ged 8 third ￿rtY
lo hèlp us develop core materi818 Ihal would be u88d across 811 programmes.
S Support Costa
Charfiabl•
Activiti•s
Ralsing
Funds
8*sls of
allocatlon
31-Mar-25
Yearto 31st March 2025
Staff rx)sls INol& 71
Travelling
Rent and office relaled costs
CommunicalSons and IT
Recruitmenl Fees
Foreign èxchange l¢)$8
Consulting and profassional fees
Legal le88
08prttialion
Audit and accounting (governance CA)stsI
Corporate t8X
Donation by Reach lo Teach Pdvalè
Limited lo Reach to Teach Foundation
Miscellaneous costs
148,533
148,533
79,471
121,182
15,295
7,812
125,878
139.149
14,790
7.343
34.712
50,648
79.471
99.369
12,542
6,406
125,878
95,480
14.790
6.021
32,945
50,648
21,813
2,753
1.406
43.669
1.322
1.767
92,678
7.310
92,678
7,310
Charitable
Actlviti•s
Ral$ing
Funds
Bas18 of
allocation
31-MJr-24
Year to 31st March 2024
Staff costs (Note 71
Travelling
Rent and office related costs
Commvnicalions and IT
Recruitment Fees
Foreign gxchange loss
Consulting and professlonal fees
Legal fees
Deprecaalion
Audit and accounting {govwnance cost81
Corporale lax
Donation by Reach to Teach Private
Limited lo Reach to Teach Foundation
Miscèllèneous costs
171.127
171,127
75,335
203,141
15,877
693
191,647
168.273
2.722
11.327
29.598
66,024
75.335
172.670
13.495
589
191.647
104,106
1.626
9,628
28,154
66,024
30,471
2.382
104
64.167
1,699
48,050
42,295
48,050
44,110
1.81S
(11 Staff lime is allctaled lo'Raislng Funds, based on the approximate allocation ol Staff lo this actiwty.
(li) Based on actual CA)Sts.
(iii) Costs apportioned based on tolal direct and slaff costs.
23

Reaeh to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
6 Trustees. and Key Management Remuneration
No remuneration was paid to trustees during the year.
Details of trustee expenses are set out below
31-Mar
2025
Number
31-Mar
2024
Number
31-Mar
2025
314Iar
2024
Expenses paid for Trustees
7 Staff costs
In the year, the Key Management Personnel of the Charity were the Chief Executive Officer. the Principal
Director of Finance, the Chief Operating Officer and the Principal Director, UK Operations and Finance.
Staff costs include the following amounts paid lo the execulive team..
Note
31-Mar
2025
31-Mar
2024
Wages and salaries
Social security costs
Employers, pension contributions
Staff Medical Insurance and other benefits
275,424
5,156
17,341
406,910
14.968
21.985
815
443 048
300 798
Toial salary costs for the group are set out below
31-Mar
2025
31-Mar
2024
Wages and salaries
Social security ￿sts
Employers, pension contributions
Other employee beneflts
Total staff costs
765,140
1,470
46,752
1.049,993
13,689
57,180
823 592
1 129 736
Total staff costs
Charitable activities
Raising funds
675.059
148 533
823 592
958,609
171 127
1 129736
Included in the above figures for wages and salaries were the emoluments of the Chief Executive
Officer who served during the year of £139.629 {2024'. £147,904). The number of stsff who received total
emoluments over £60.000 were as follows:
Numberof
staff in Year
to 31 March
2025
Numberof
staff In Year
to 31 March
2024
Bands
£60,000- £70,000
£100,000-£110,000
£130,000- £140,000
£150,000- £160,000
24

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
8 Staff numbers
The average numberof employees analysed byfunction was:
31-Mar
2025
Number
20.0
31-Mar
2024
Number
Charitsble activities
Raising funds
9 Net Income for the Year
314qar
2025
31-Mar
2024
The result is stated after charging..
Auditorfs remuneration
Auditorfs remuneration- in respect of the subsidiary
Auditorfs remuneration- non aucjit seNices
Loss on exchange
Operating leases
Depreciation
13,440
7,800
3,615
125,878
143,108
7.343
12,000
7,970
191,647
127.961
11,327
10 Taxatlon
The charitable company is a charity within the meaning of Para 1 Schedule 6 Finance Act
2010. Accordingly, the charity is potentially exempt from taxation In respect of income or
capital gains within categories covered by Chapter 3 of Part 11 of the Corporation Tax Act
2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such
income or gains are applied exclusively to charitable purposes. No UK tax charge arose in
the period. However. its subsidiary, Reach to Teach Privale Limited, is liable for Indian
corporation tax at 25°/o on its profits. The charge for Indian corporation tax was £50,648
<2024.. £66,024)
11 Tanglble Flxed Assets
Group
Flxtures
& Flttlngs
Computer
Equipment
Total
Cost
As at 1 April 2024
. Exchange revaluation
Addilions
Disposals
As at 31st March 2025
500
(20)
87,023
(3,353)
7,984
87,523
(3,373)
8.564
73
987
Depreciation
As at 1 April 2024
Exchange revaluation
Charge for the year
Disposals
As at 31st March 2025
280
{12)
167
73
362
77,125
(3,115)
7,176
77,405
(3,127)
7,343
Net Book Value
As at 31st March 2025
As at 31st March 2024
625
220
25

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st Mareh 2025
11 Tangible Fixed Assets (continued)
Charity
Computer
Equipment
Total
Cost
As at 1 April 2024
Additions
Disposals
As at 31st March 2025
13,115
13,115
{11,955)
Depreciation
As at 1 April 2024
Charg8 forthe year
Dlsposals
As at 31st March 2025
12.148
386
55
579
12,148
386
(11,955)
579
11
Nel Book Value
As at 31st March 2025
As at 31st March 2024
67
967
12 Investments
R2T Ovèrseas Llmlted (Company number 06301862)
Nature of busin8ss.' Investment of charitable funds into India
2025
2024
holding
holding
Class of Share.. Ordinary
Aggregate capital and res8rv8S
Result for the year
363
363
The fixed asset investment relates to the investment in a wholly-owned subsidiary, R2T Ovérseas Limitéd, 8
limited company registered in England and Wales. whose regisl8r8d offic8 is at 30 Orange Street. London,
WC2H 7HF, United Kingdom. The company, in lurn. controls the Indian company, Reach to Teach Private
Limited, Re8ch lo Teach Private Limited provides staff and operational resources to support the activitles of the
Charity in India and has ils registered office at Raj Chamber, 51h Floor. New Nagardas Road, Mogra Peda,
Andheri East. Mumbai 400053. India.
The investments by th8 subsidiary company R2T Overseas Limited at th'e balance sheet date in the share capital
of compÈnies include the following:
Reach to Teach Private Limited
Nature of buslness.. Investment ofcharilable funds to advance education amongst children and young persons in
India.
Country ol Incorporation.. India
2025
2024
holding
holding
Class of Sharès
Ordinary (benefficially owned)
The remaining 10A of the share capilal of Reach to Teach Privale Limited is owned directly by the Reach to
Teach parent enb'ty.
99
99

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
12 Investments {contlnued)
Results for the year ended 31 March 2025
Internal income (fees paid by Reach to Teach)
Investment income
Total income
Administrative expenses
Operating profit
Corporate tax
Resulls for the period
Total funds brought forward at 1 April 2024
Total funds carried forward at 31 March 2025
2025
2024
1.328,034
60,855
1,388,889
(1.320,235)
68,654
(50,648)
18,006
502,519
520,525
1.616,322
53.088
1,669,410
(1,625,803)
43,607
(66,024)
(22,417)
524.936
502,519
Balance Sheet at 31 March 2025
Fixed assets .
Fixed deposits with banks
Current Assets
Debtors
Cash at bank and in hand
Curent Liabilities
Creditors.. amounts falling due wilhin one year
Intercompany payable
Net current assets
Creditors.. amounts falling due after one year
Total net assets
Capital and reserves
Share capital
Profit and loss reserve
Shareholders funds
9,852
9,151
785,871
110.933
1,102,152
106,745
166,551
(114,128)
(420,966)
677,991
146,971)
640,872
(185,601)
{213,721)
{126,026)
(46,130)
622,866
120,347
520,525
640,872
The profit was generated by a mark-up on the operating expenses incurred in India.
13 Debtors
Group
120,347
502,519
622.866
Charity
2024
2025
2024
2025
Other Debtors
Accrued income
Amounts due from group companies
Prepayments and Accrued Income
110.170
603
87,107
7,010
603
420,966
213,721
16,522
127.295
21,586
108,693
423 763
223 633
14a Credltors: amounts falllng
due wilhin one year
Group
Charity
2024
2025
2024
2025
Creditors and Accruals
Taxes and social security
Amounts due to group companles
Corporation tax
119,097
25,377
187,713
31,258
27,179
831
363
39,075
1,442
363
11,203
144.474
230,174
Included in the accruals figu￿ Is 8n amount of £94 {2024.' £605) in respecl of outstanding pension
contributions.
27

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
14b Credltors: amounts falllng
due after one year
Group
Charity
2025
2024
2025
2024
Creditors and Accruals
46,971
46.131
15 Funds
Group 2025
81Fwd
Income
Expendlture
CIFwd
Restrfcted Funds
Other donations and other income
Grant income
(1.757,084)
6 047 998
11,815
(1,609,338) (3,354,607)
6 047 998
Total restricted funds
Unrestrlcted Funds
4.290,914
401913
4.692,827
11,815
(1.609,338)
2,693.391
592 763
3.286,154
202,665
(1.609,338)
Group 2024
BIFwd
Incorne
Expendlture
CIFwd
. Re5trlcted Funds
Other donations and other income
Grant income
314,826
6 047 998
6,133
(2.078,043) (1,757,084)
6 047 998
Totsl restricted funds
Unreslricted Funds
6.362.824
158 598
6.521.422
6,133
243 335
{2.078.043)
20
4,290,914
401913
4.692,827
249,468
(2.078,063)
Charity 2025
BIFwd
Income
Expenditure
CIFwd
Restrlcted Funds
Other donations and other income
Grant income
(1.784,809)
5 541787
11,815
(1.591,8091 (3,364.803)
5 541787
Totsl restricted funds
Unrestricted Funds
3.756,978
11,815
129 995
141.810
(1,591,809)
2,176,984
4,081,619
(1,591,809)
2,631,620
Charlty 2024
BIFwd
Income
Expendlture
CIFwd
Restrlcted Funds
Other donations and other income
Grant income
268,770
6.133
{2.059,712) {1,784,809)
5 541 787
Total restricted funds
Unrestrfcted Funds
5,810.557
6.133
190 247
196.380
(2.059,712)
20
(2.059,732)
3,756.978
5,944,971
4,081,619
Grant income.. This fund arose by way of grants made to the charity to pursue the charity's objects
within specified regions in India.
Other donations and interest: This income will be used to support the charity's charitable activities in
2025 and onwards.
28

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
16 Net Assets Spllt
Group 2025
Unrestricted
Funds
Restricted
Funds
Total
2025
Tangible Assets
Other long term assets
Prepayments & Accrued Income
Other Debtors
Cash at bank and in hand
Creditors
10,433
2,071
16,519
110,776
2.745.037
10,433
2,071
16,519
110,776
3.337,800
592,763
592 763
2 693 391
3 286 154
Group 2024
Unrestrlcted
Funds
Restrfcted
Funds
Total
2024
Tangible Assets
Fixed deposits with banks
Prepayments & Accrued Income
Other Debtors
Cash al bank and in hand
Creditors
10,118
785,871
21,586
87.107
3,662,537
276 305
10,118
785,871
21,586
87,107
4,064,450
276 305
401,913
Charlty 2025
Unrestrlcted
Funds
Restrlcted
Funds
Total
2025
Tangible Assets
Prepayments & Accrued Income
Other Oebtors
Cash at bank and in hand
Creditors
581
2,194
421,569
1.781.013
581
2,194
421,569
2,235.649
454,636
2 176984
2 631620
Charlty 2024
Unrestrfcted
Funds
Restrfcted
Funds
Total
2024
Tangible Assets
Prepayments & Accrued Income
Other Debtors
Cash at bank and in hand
Creditors
967
2,902
220,731
3,573,258
967
2,902
220,731
3.897,899
324.641
3 756 978
4 081619
29

Reach to Teach
Notes to the Financial Statements (Continued)
For the year ended 31st March 2025
17 Related Parties
One thousand shares in Reach to Teach Private Ltd (India) are held by R2T Overseas Llmited, which
is a subsidiary of the Charity.
To date, almost all of the Charity's funding has come from the Larry Ellison Foundation ("the
Foundation") The grant agreement sets out the detailed terms and conditions with which the Charity
must comply. The key terms are a requirement lo provide regular progress reports, including a
detailecl report on aclivities and expendilure each year.
18 Lease commitments
At 31 March 2025 the Charity had total commitments under non-cancellable operating leases as
follows:
2025
2024
Operating leases expiring..
Within one year
Within one to five years
66,700
251
7,283
19 Post Balance Sheet Events
In August 2025 the Charity entered into a Grant Agreement with the Reach to Teach Foundation. The
Grant Agreement runs until March 2027 and is for a grant amount of up to USD 2 million. The first
tranch of money of USD 1 million was paid in August and September 2025. The Charity is satisfied
that the mission and work of the Reach to Teach Foundation is very closely aligned with that of the
Charity.The Grant will enable the Reach to Teach Foundation to take over the Charity's projects in
Gujarat and Haryana.
The Indian subsidiary of the Charity, Reach to Teach Private Limited which previously delivered the
Charity's projects in Gujarat and Haryana will be wound up in the next few months. The winding up of
Reach to Teach Private Limited is expected to be completed in mid 2026.
30