Registered number: 06546261 Charity nurn￿r: 1129683 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 *AA4SZV8B' 1910￿021 COMPANIES HOUSE #188 A15 THE REACH FOUNDATION IA Company Limited by Guarantee) CONTENTS Page Referenc? and Administrative Dgtails of thg Company. its Tntstees and Advisers Trustees. Report 2-11 Independent Auditorfs Report on the Financial Statements 14 statement of Financial Activities 15 Balance Sheet 16 Statement of Cash Flows 17 Notes to the Financial Statements 18-28 THE REACH FOUNDATION IA Company Limiled by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020 Trustees J Baxter N Jennings J MeGoh T Roberts J Taeon M Trebilco L Gledhill (appointed 8 t)ecernber 20201 Company regist¢r number Charity registered number 1129683 Registered office Reach Academy Feltham 53-55 High Street Feltham TW13 4AB Independent auditor MHA Ma¢lntyre Hudson Chartered Accountants Registered Auditors 2 London Wall Place London EC2Y SAU Page 1 THE REACH FOUNDATION IA Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2020 The Trustees present their annual rewt together v*rth the audrted finar￿la1 statements of the Company for the year ended 31 August 2020. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the tharitable company's governing documenl and the prowsions of the Statement of Recommended Practice ISORP) applicable to charits'es preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effectNe 1 January 2015) as amended by Update Bulletins 1 and Since the Company qualifies as small under section 382 of the Companies A¢t 2006, the Strategi¢ Report required of medium and large ¢ompan*s under the Companies A¢t 20ckS Islralegi¢ Report and Directors, Report) Regulations 2013 has been omitted. Objectlves and activftles a. Policles and obleclives At the Reach Foundation. we ￿lIeVe that every child deserves a life of choice and OPF(Srtunity. Starting in Feltham. the Foundation acts bcalty through a community based cradle to career model. grounded in great schools. We also work nationally to drive systemic change towards cradle to career provision for all young people. The Reath Foundats'on works akngside the Reath A¢aderny Trust in Feltham. The Reach Chiklren's Hub, an initiative of the Foundation. provhdes an integrated pipelire of provision and support for children and families thal complements the work of the school. The Foundation is in the process of launching the Felth2m Convening Project, 8 cross sector Community partnership to improve outcomes of ehildren and young people. The school, Reach Children's Hub and Fetham Convening Project together represent the Reach Cradle to Career Model. The Foundation is now seeking lo work wrth other communitses. The Foundation is codtfying rts cradle to career model and developing the leadership capauty to deliver it. 11 also seeks to foster innovatson this year incubating Oak National Academy in response to the CovKI-19 pandemic. b. Strategies for achieving obje¢lives The Reach Foundation aims to have impact in communities. Starting in Fetham. Ihe Foundation seeks to have transformative impact on communtbes, making them beacons of social mobilty and opportunity for young people, and developing evidenced-based best practice for effectively ts¢kling the ¢omplex difficulties affe¢ting vulnerable families. It also seeks lo provKie new mtyyels and ¢hallenge for the system. kr055 the range of its activities, the Foundation seeks to influen¢e p)Ivi aTrJ praC￿e through rts we114ocumented, codified and stress-tested approach lo delivering ¢hange. The Foundation has created a cradle to career community hub in Feltham Ihat works alongside Reach Academy Feltham to offer a ￿peline of support that enables chiklren and young people to live lives of choice and opportunity. by supporting them lo be safe and well SUPF#)rted.' healthy.. academicalty successful", and to have strong rela￿nShIpS and netsvorks. Page 2 THE REACH FOUNDATION {A C(Hnpany Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Objectives and actlvltles (continued) ¢. Activities undertaken to achleve oblectives The Foundation believes that in order for children to enjoy lives of thoice and opportunity. they need to.- Be safe and well supported.. Children and young people are free from hami and know how to keep themselves safe. They are well supported at home. Be healthy.. Children and young people are physieally, soeially and emotionally healthy. AchEve well academtslty.. Chihjren and young people achieve g¢)od academic resutts and leave s¢hool p￿Pared for the next stage. FamIl￿S are ath.vety invofved in their education. Have strong relationships and social nettvorks." Children and young people have strong peer and familial relationships and engage positivety with their k)cal community. The FOundat￿n works across the age range to supwrt these OLrtcomes. The Reach Children's Hub. where much of the FoUndat￿n'S activtty is c￿￿enUY focused. has a parbcular on.. Making a great start ￿ life beiween concepts'on and EnsurirvJ that all chiklren we work wth make a great start in life. and their parents have all the support they need to provide a Safe, nurturing environment Achieving si¢¢ess at xh¢)ol behveen two and 16: Provhding the support guidance, advice and acbvilies that young people and their families need to ensure success in schcx)l and posibve engagement with their local community. Preparing for and pursuing high qualty FK)sl school deStIna￿S be￿een 16 and 21.. Supporting young people to refine their ambitions. make posibve choices about their lrfe after schcK)I, and succeed in whichever path they choose, ￿ether thafs attendirkg a top UnNersty, undertaking a quality apprenticeship. or gjng straight into the worbJ of V*Y)rk. d. Grant-m•king policies The Foundation does not currently make grants and tr*fefore has not fomulaled a polry in this area. e. Volunteers Oak National Academy launched fapKIty in res￿nse to many children being unable to attend school due to the Covid-19 pandemic. Much of the initsal effort to get Oak National Academy up and running was done on a voluntary basis. before paKI support could be put in place. including paying teachers. No other voluntary work was ulilised by the Foundation. Page 3 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Objectives and activities (continued f. Main actlvlti•s undertaken to further the Companf$ purposes for th¢ publi¢ btnefrt Over the course of this year. Ihe Foundabon has.. Improved access and availability of services for children aged 0-2 in Feltham. Undertaken a range of activities lo strengthen the Earty Years Workfor￿ in Feltham. Strengthened community engagement in Feltham. sl￿eSsfUl￿ sponsonng a new CitrLens UK partnership in Hounslow. Developed our offer to support young people and SUPFQrt them into the best possible p)st-school outcomes. Supported Iwr communty through k)ck-dcY*m through prackncal and emotional support. and co-ordinating a community response. Launehed the Rea¢h Felbwship to build a leadership pipeline for our groNth into other communtties. Launched Oak National Aeaderny: whi¢h has supported leaming of young people across the eounlry during S￿￿￿1 closures. Achievements and perfomlance a. Key perforn)ance indicators The Foundation ha5 secured fijnding that has covered all ￿tIvItieS this year and has secured further funding to expand its activities in the coming year. The Foundation has worked to ￿fine its key performance indutor5 for different ekments of rt5 work in ollabor*'on y￿h partners at the University of Manchester. New Philanthropy Capital and Collaborate CIC. Each individual work stream has clear KPIS, as do the Foundation'5 Incubated initiatives, Oak National A¢ademy and Whatever It Takes. which are detsiled further below. Ptye4 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Straleglc report Icontlnued) Achlevements and performance Icontinued) b. Review of activities The Reach Children's Hub "Ever since l joined the Hub l find mysell more confident ... To be honest. the Hub is like a family for me, especially during these difficult kn"mes_' PAUM of 3. May 2020 Thank$ to the flexibilty and undetstanding of our fuThJers. we did not fvrlough any staff in the Reach Children's Hub during loekdown, which allowed us to Continue to support the communty in Feltham. As well as forming cross-sector working groups with other institUt￿n$ f¢xused on providing the community with food and essential items, financial adviee and support. and mental heatth and wellbeing support. we have ￿ntinUed lo develop and progress many of our existing strands of work. Improving access & availability of O-2 services We appointed an Antenatal & Infant ProvisK)n Lead vtho bn'ngs a wealth of experience and knth￿edge to the role and is further developing our strategy for this part of the pipeline. We developed an online antenatal education course, however lake-up was low so we have adapted this and are now offering well-being sessions for pregnant women. This gives us more flexi￿.1￿ to connect wilh a wide-range of women. as there is no need for thern to be grouped by ge$lat￿n. On¢e we have made this inib.al connection, they will be able to access a pipeline of servi¢es including anienatal dasses, eaty speech & language development and parenl-infant mental health supporL The Antenalal Lead is building relationships with a local netwryk of professicfftals induding mhthvives, child￿n'S centres, health visitors. the perinatal mental health nurses. the domestic vK)lence outreach team and housing teams. We have 10 Referral Partner Or9anisations issuing emergency grants across the Fettham Earty Leaming Community. funded through our partnership with Save the Children UK early Years Workforce Development ' We received validat￿Tr froTn Kingston UnNersty and siarted te&hing their Earfy Years Foundation Degree in September 2020. Our first cohort consists of 10 non-tradilional students from six thal seth'ngs. We have added a Level 1 'Caring for Chiklren, qualfficats.on to our Early Years. recruitment and retenb'on pipeline and will have a cohort of ten students in September. most of whom are parents with chiklren attending Reach Academy, WIKJ are keen to start their training and then eventualty progress to our Level 3 Eady Years, Apprenticeship. We have continued to deliver the well*stablishe(l Eaty Years. Ne￿lork. wrth approximately 25 practitioners from six local settings in attendance each bme. Community Engagement Our community organising work with Cibzens UK has gone fr¢)m St￿ngth to strength. We have ¢onduded 2011+ conversations, held 8 meetings. formed 3 working groups and are ￿nVenIng an online action group of 10&fr community members. focused on improving safety on FeEtham H￿h Street. Parent and student leaders have started to emerge and are now faaliiating these meeb"ngs. As our carnpagn has built momentum, we have also been able to engage other lotsl insblutitins and are Icxjking to bnng three new members into the Hounslow Citiien5' allian￿. Page 5 THE REACH FOUNDATION IA Company Llmited ty Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Strategic report lcontinuedl A¢hi•v¢monts and perfomiance (contlnued} Holiday Support We prioritised supporting our communty through the Summer. a prionty given the massive economic impact of the pandemt in Feltham, given rts proximty to Heathrow airport. 77 ehildren received weekly meal packages through the Good Grub Club. an inrthab've or9anised by the Ic¢al food banks in Feltham. In addition we delivered 1C(JO activity boxes in the summer. which contsined early ￿arn1ftg resources to support development and encourage play for chiklren. Feeding our community In partnership with JPL Catering we have kept feeding the community. Working alongside Reach Academy Fellham, wh￿h continued to feed pupils in the schc4)l eligible for free school meals. and also offered the service lo tsvo other lo￿1 ￿h¢?015, we delivered food to Iwo tcal care homes and a refuge for women and their children. We sel up a surplus f¢X*J servti to ¢omplemenl the bcal f¢)od bank and had hundreds of vulnerable people ¢ollecting food and accessing olher SUPFL)rt tsrice a week. At different time5 through thi5 period we have identified 40 families acute need and have created f¢oJ parcels that have been delivered to them weekly helping them through Pa￿'CUlar perKMJs of diffKulty. Youth Engagement Despite the Challenges of Ic¢kdthvn, we have Continued lo offer a broad rarye of opportunity for young people, working in partnership with M¢xlel Cib'es initiats.ve in Hounslow. Throughout the year we offered a range of activities to support young Peop￿,$ mental and physioal health. including a sports programme with Harlequins Rugby Club, leadership training with Brentford Community Sports Trust for young people aged 12-17. an arts- based project with Bounce Theatre Company a foeus on heroie women in History, dance sessions with ZooNalion Dance Company, and a peer-t￿peeT nurturing and support group for 11-14 year olds that has been designed by youth ￿aderS and vthich wll take plxe in*erson at the local communty centre. Launching our Growth Strategy We launched the Reach Felbwship as Ihe central tenet of our strategy- inviting leaders to spend a year at Reach leaming atout model. The first Felow. Manjit More. joined us in August 2020. We have invited contact from tsachers. school leaders and communities who We￿ interested in our model. thinking about how il could have a Fosib"ve impact on young people in their communities. We are working with a group in the N¢Jrth East. exploting a Free Schcd lJ"d in Redcar. for an all-through school in the next free school round. Oak Natlonal Academy Oak National Academy is a collective respM)nse from teachers to add￿sS the ongoing challenges posed by coronavirus. Oak National Academy offers schcols, tea¢hers and pupils online lessons and resour¢es to support bolh leaming in the dassr(M)m and knns from home. Oak National Academy is a free. opb)nal resource for any teacher that wants to use IL The platform is easy to use, no logins. and *vrks on any de¥￿e. Oak National Academy was the Klea of a group of teachers. Their aim was simple - wot1( together rather than alone lo support their colleagues through one of the mosl challenging perths in educats'on's, and the country's. recent history. With wide scale support from across the country, the Njea has grown beyond anything originally Page 6 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Strategic rnport lcontinued) Achievements and perfonnance {contiDued} planned. The initsal group of 40 remarkable teachers quick￿ grew and has now helped millions of children lake part in over 100 millDn lessons. They've pkyed a small but imwrtant rcAe in the national effort to keep children leaming during lockdown. Summer 2020 Oak National Academls lessons and platfom We￿ qubckty adopted by teachers. parents and children. Oak National Aeademy delivered 2SO new ￿SSonS per week be￿een Easter and the end of the summer temi. On average, 220.000 users accessed Oak Nalb)nal Academy each day throughout the term. This meant by the end of the summer term. 4.7 mill￿n pupils had accessed almost 20 million lessons. The platfomi maintained 99.9• uptime throughout this period. providing a stsble and relkible eXpe￿nCe for the millions of children using it to access remote learning. The summer holiday provided an opportunty for Oak National Academy to rapidly increase the size and scale of the resources il offers Oak National Academy and its broad community of hundreds of teachers. drawn from a¢ross the county, set out with an arnbibon to buikl 10,000 ￿SOnS across the breadlh of the curriculum ready for 2020-21. This was in direct ￿$F4)nse lo feedba¢k from Oak National Academy users who wanted lessons up front, so they could pick and ¢hoose in line wrth their exisb.ng curriculum. rather than needing lo follow that of Oak Nath)nal Academy. They also asked that Oak Nats"onal Academy expand rts curriculum. wrth increased subjects. extending to Year 11 and a greater range of s￿la11$1 content. Wlowing downbads, edilable and printsble resources were also hKJh on teachers. needs. So over the summer Oak National Academy set about these tasks. Oak National Academy recorded nearly 10,000 ksson5 and built a new'Teacher Hub,. designed to help teachers access all the elements of a lesson. and •Japt them as needed to support their planning. Acknowledgements Oak Nats"onal A¢ademy has been possibk thanks lo the hard v￿rk of many hundreds of teachers and educators. Oak National Academy has been supported by an incredible range of schTr)Is, businesses, charities. academy trusts, publishefs, professh)nal seTrtis. I￿al govemment and technolcgy companies. Whatever ft Takes Reach Academy Trust Co-founder Rebecca Cramer has spent part of her time for the past year setting up a new charity called Whatever It Takes IWITI whth the Foundation supported to launch and provided central services and incubation for. WIT ￿11 break the destructive rycle of children and young people committing crimes so that. instead, they make a posrttve eontn'bution to our $￿iety and build tetter lives for themsefves. At the heart of WIT'S approa¢h will be the relab"onship the Chikl or young person has with a 'Guide." Page 7 THE REACH FOUNDATION IA Company Limited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Strategic report lcontinued) Achievements and perforniance (continued) c. Fundraising activities and income generation We have not undertaken any dired fundraising. Funding is derived from grants from Trusts and Foundations and our partnership with Save The Chiklren. Financial review a. Going ¢on¢ern After making appropriate enquiries. the Trustees have a reasonable expectation that the Company has adequate resources lo eonlinue in oFerational existen￿ lor the foreseeab￿ hjture. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the xcounb'ng policies. b. Reserves policy The Trustees consider the level of reserves on a regular basis and are satisfied these are sufficient as at 31 August 2020 c. Princlpal risks and un¢ertalnlie$ The Trustees have assessed the major risks to which the thanty i% exposed. in particular. those related to the operations and finances of the charity. and are sats'sfied that systems and pr(rnlures a￿ in place to mitigate our exposure to the major risks. d. Prfnclpal fundlng We have received two restricted grants. one ffom Save the Children {£259,0001 to support the developmenl of the Early Learning Community, now in its third year, and a se¢ond. the Laureus Sports Granl (£30,000), to support Hounslows Model Cities initiative. Trusts and Foundations provide the bulk of our fvnding. with substsntial unrestri¢led grants from the IGY Foundation 1£370,0001, Mohn Wesllake Foundat#)n {£351,OCN)I, KPMG Foundation 1£100.0001, Findlay Pafk 1£50.0001, The 88 Foundation {£44,0001. Rank Foundation1£30,0fy)l. The grant income received in the Current yeai will be used to pursue the FourKlakn'on's prionbes. particularly seth'ng up the Feltham Convening Project and creating the conditions for future growth into new communities. The funding to support Oak National Academy came from the Department for Edu¢atson1£2 2ml and the Mohn Westlake Foundation 1£1.8m). Trustees would note that the FOundat￿n retained none of the funding from the OfE or the Mohn Westlake Foundation lo cover its operabmal costs. as is often ty￿Cal in these kinds of endeavours. Page 8 THE REACH FOUNDATION (A Company Lirnited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Structure. govemance and management . Constitution The Reach Foundation is regisiered as a charrtable company limrted by guarantee and was set up by a Trust b. Methods of appointment or el¢¢ti(m of Tru$te¢s The management of the Company is the ￿SPOnSI1X.1ty of the Trustees who are elected and coopted under the terms of the Trust deed. c. Organisatlonal structure and declslon4naking policies The Trustees met as a Board 5 times during the year. Changes in the BoaTd are set out on page 1. Ed Vainker is the Chief Exe¢ub"ve Officer {CEO). The Trustees have delegated the day to day management of the Reach Foundation lo Ed Vainker and his leadership team. The CEO attends the Board meetings. All Trustees give of their time freely and no Trustee remuneration was paid during the year. d. Policies adopted for the induction and training of Trustees New Trustees meet wth the Chief Executive Offi￿r and the Chair of the Foundation to discuss their role and responsibilib'es. As part of their on boarding prctess the Trustees receNe a governan￿ handbook and induction pack from the Clerk. This gives an opportunty to answer any questions and clarify the ¢ontenl of any written documentation circulated to the new trustee. The Chief Executsve ensures trustees are kept up to date with any developments in taw changes in coniunctton With the ¢￿(k and this is achieved through bnefings al the Board meetings and circulated written infomiation. e. Pay pollcy for key management pertsonnel The Trustees consider the CEO aThJ the Direc*or of the Reach Children's Hub to represent the Executive team of The Reach Foundation. Changes to the saLgry of senior members of staff take place after their annual Performance management reviews. It is determined by the Chair of Truslees in ccx)rdinalion wth a committee of other trustees. f. Related party relationships The Foundation has a Seivti Level agreement the Reath Academy Trust in order to access human reSoUr￿S and Serv￿$. As noted atthTe, none of this transfer relates to Oak Nakn'onal Academy operational costs. for the Foundation retained no costs. p￿e9 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Plans for future perlods The Foundation has set the follovAng objectives for the next stage of its developff*nl." Deliver the Feltham fl shi ". deepen. refine and realise the impact of our work in Feltham We will aim to develop and im*ment an impact measurement system lo test whether we are delivering on our four outcomes for children in Fetham. AlongsKle this we wll continue to tr￿11d partnerships ¥￿th a range of local organisations to support Crad￿t(Kareer work We will develop the work of the Reach Children's Hub, expanding rts Sca￿ and impact with a focus on improvin9 sch￿1 readiness amongst 0-5 year olds and improving Post-16 and Post-18 destinations for young people in Feltham. AlongsKle this, the Foundation will aim to secure perynanent accommodation for the Foundats"on. We will launch the Convening Proiect, a collecbve impacl initiative working akjngside lo¢al institutions and the communty. We will pursue a partnership where we are working from shared dats, towards aligned priorities, and combining funding and influen￿. Our aim is to reach the'proofwnf- when the partnership is addressing four pnority ouicomes and imFKoving these outcomes. Alongside this. the Foundation will woik wth the Reach Academy Trust to supp3rt Reach Academy Feltham lo deliver exceptional outcomes and open the Trust's second sch¢)oJ. Re UK licate our Cradle lo Career Model. Implement our rnodel, in fvll or in parl in mcye communities around the We will aim to launch the Reach Cradle to Career mL*Jel in a number of communities around the country. wrth new schools in the Reach Academy TrusL We wll also seek to develop crad￿ to Cafeer partnerships with existing all-through schools and MuttFAcademy Trusts. sharing ￿rning about our model. Pre are the round fof re licatin leadership capacty to deliver it our mthjel in more communities.. C(MJfy the Reach model and build the The Foundation will deveiop "how lo" guides for the core elements of the Reach Model, alongside developing leadership capacity within Re&h and across the sysiem. bringing together leaders interested in the cradle to career model. Influence national and ractKe and foster inr￿vatIon. We will contsnue to seek to influence policy and practice and pursue new ideas in line wth our mission. Build a owerful sustainable inskntutKin'. Secure long-tenn fvnding a)d strengthen our organisationlgovernance In the comin ear we sMII seek to maximtse the im that Oak Natronal Academ has durin the ndemic. Oak National Academls work in the summer of 2020 is the perfect foundation for supporting learning throughout 2021. Oak National Academy will conb.nue lo evaluate ils work and tts impad, and listen to views of schools and teacher5 $0 it Is better able to meet their needs. As such. the first priority for 2020-21 is lo ensure the cofflplelion of the hosb.ng of 10.000 lessons. These wll be conb'nuously improved in response lo user feedback vthh a fim fc¢us on accessith.lity and great user expenence. Page 10 THE REACH FOUNDATION (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 M•mbers' Ilabllity The Member5 of the Company guarantee to Contrit￿ an anount not exceed￿9 £1 to the assets of the Company in Ihe event of winding up. statement of Trustees. responslbllhles The Trustees (who are also the directors of the Company for the purwses of company law) are responsible for pieparing the Tnjstees. ReF*Yt and the financiJ stslemenls in ac(x)rdanc* wilh appli¢able law and United Kiigdom Accounting s￿￿tar(l$ (United lQngth>n Generafy Attepted AC&￿nti￿a Practi¢e>. Company law requires the Ttustees to financial ststeM￿ts for each finan¢Tal . UrKlar company law the Tnjslees must not approve the financial slalements unless th,ey a￿ satisfied that they gFve a twe and fair view of the stale of affairs of the Company and of its incoming resources and applicalM of resources. including its income arKI expenditure. for that period. In weparirg these fir￿￿al stateTh*nts. the Trustees are required to". select suitable accountir4J poli¢tes and then appty I1￿M"cOnSIstenIlY. obseNe the methods and prirriples of the Charibes.SO"RP (FRS 1021.. make judgements arKI accAyJnting estimates Ihal are re'asonable arKI pnjdentr state whether applicable UK Accounting StaDdards {FRS 102) have been followed. subjèct to any malerFal departures disclosed and ewained in the financial ststements: prepare the finanoal statements on the going eoncern basis unless it r3 inapprwate to wesume that the Company w￿1 Qwbnue in bu&ness. The Trustees are responsi1￿e for keepirvJ adequate acLxwnting rec4xds that are sufficient to 5htrw and explain the Companls transactions and disdOse,;%￿t￿l ￿sOnable accuracy al any time the financial posltion of the Company and efia￿e thom to ensure that.the financial statements comply ¥Mth the Companies Act 2006. They ore also responsible for safeguarding the assets of the Company and h8ncg taking reasonable steps for the prevention and deteclion of fraud 81￿J,¢1her irreuwlarities. Dls¢losure of Information lo audllor Each of the persons vtho are Trustees at bme ￿en Trustees. Rep(¥t is approved has confirmed that so far a5 that Trustee k8 aware. Ihere 1$ no rethnt a￿11¢ I￿orn0¢￿)n of Ihe charivs auditor is unahware, and that Trustee has taken all Ihe steps Ihat ought to have been tsken as 8 TNsiee In crfder to be aware of any retevanl a￿j11 infmlion and lo establish Ih8t the ch8ritrfs auditor is aware of that infomialion. Approved by order of the members of Ihe board of Trustees on 1910412021 and signed on th￿[ behalf by. J McGoh Trustee Page 11 THE REACH FOUNDATION (A Company Limited by Guardntee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION Oplnlon We have audited the financial statements of The Reach Foundation (the 'charitable company) for the year ended 31 August 2020 which comprise the Statement of Financial AclMb"es, the Balance Sheet. the Statement of Cash Flows and the related notes. induding a summary of swnrficant accountin9 policies. The financial reporting framework that has ken applied in theif preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial stslements.. give a true and fair view of the state of the chantable compan￿5 affairs as at 31 August 2020 and of its incoming resources and apPl￿t￿n of resources. w)clLKling rts i￿rne and expendrture for the year then ended., have been properfy prepared in ￿OrdanCe with United Kingdom Generalty Accepted A¢¢ounling Practice," and have t*en prepared in accordance with the requirements of the CharitEs Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the Audrtorfs responsibilities for the aud¢t of the financial stslements section of our rewrt. We are independenl of the charitable company in accordan with the ethical requirements that are re￿vant to our audit of the financial stslements in the United Kingdom. including the Financial Rewrting Council's Ethical Standard. and we have futfilled our other ethical responsibilities in accordance with these requirements. We ￿l￿e that the audit evKlence we have obtained is sufh'cient aTrJ appropriate to proV￿e a basis for our opinion. Conclusions relating to going concem We have nothing to report in respect of the follow.ng matters in relabon to whKh the ISAS {UKI require us tr) report to you where.. the Trustees. use of the going concern baws of accounting preparati¢)n of the financial 5talernents is not approprrate., or th'e Trustees have not disc￿sed in the finanual statements any Klentiftd material uncertaintie5 that may cast signifunt doubt about the charitable eompanvs abilty to eonb.nue to adopt the going ¢on¢em basis of a¢¢ounts'ng for a pericrfl of at ￿8$t twelve months from the date when the financval slatements are aulhorised for ￿SUe. Page 12 THE REACH FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION (CONTINUED) Other infofmalion The Trustees are responsible for the other infom)ation. The other infomalion comprises the information included in the Annual Report. other than the finan￿al stslements and our Auditor's Report thereon. Our opinion the financial statements does nol cover the other inf0m1at￿n and we do not express any fom of assurance conclu￿On thereon. In Connect￿ with our audit of the financial staternenis. our responsibilty is to read the other informat*)n and, in doing so, consider ￿ether the other informab.on is materially inconsistent with the financial statements or our knowledge obtained in the audrt or otherwse appears to be materialty misstated. If we identify such material inconsislencies or apparent material misstatements. we are required to determine whether there is a material misstslement in the finanaal staternenls or a rnatefial misstatement of the other information. If, based on the work we have perfomed, we conclude that tt)ere is a material misstalement of this other information, we are required to report that fact We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the follwng matters where the Charities {Accounts and Reports) Regulations 2008 ￿qUireS us to report lo you rf. in ¢)ur opinion.. the infomiation given in the Trustees, Rer￿ is inconsistent in any materkgl resFect with the financial statements., or sufficient ￿luntIng records have not been kep[ or the financial statements are not in agreement the a¢¢ounb"rMJ records and returns., or V￿ have not received all the infomatM)n and explanations we require for our audit. Responslbilities of trustees As explained more fulty in the Truslees. Responsibilities Ststemenc the Twslees (who a￿ also the dire¢lors of the charitable company for the purposes of company law) are responsible for the preparab.on of the finan¢ial statements and for being salisfied that they give a true and fair VEW. and for such intemal Control as the Trustees determine is necessary to enable Ihe preParat￿n of financial statements that are free from matenal misslatemenl, whether due to fraud or error. In preparing the financial stslements, the Trustees a￿ ￿SponSib￿ for asse$5ing the tharilable companls ability lo conb.nue as a going concern, disclosing. as oppltsble. matter5 related to going concem and using the going concem basis of accounting unless the Truslees either intend to INuidate the charitable company or lo cease operats"ons. or have no realists"c alternative but to do so. Page 13 THE REACH FOUNDATION (A Company Llmfted by Guarnntee INDEPENDEKf AUDrroR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION ICONTINUEDI Auditorfs respon$lbilities for the audlt of the financlal statements We have been sp￿[nIed a5 auditor under secbcrt 144 of ihe Chaiilies Act 2011 and report in a¢cordance with . Ihe Acl and relevant regulatKJn5 or having effttt thereunder. Our oty'e(*'ves are to obtain regstsnat4e assurance ab￿1 whelher the financial ststements as a whole are free from material mi3slatemen( whether due to fraud OT er￿. and to issue an Audrtofs Report that includes our opin¢on. Reasonable assurance is a h￿3h ￿￿e1 of assurance. bLrt is rnt a guarantee that an aLklil eonducted accordance ISAS (UK) will ahyays dele¢l a material misslatemenl when ti exists. Misstatements arise from fraud oi error and are consKlwed material rf. individualty ¢y in the aggregate, they could reasonabty be expected lo influence the econom￿ de(as#)ns of users laken on the basis of these fwncial slatwnents. A furthw descriptson of our reSpOn￿b￿ltieS for the audit of the financial statements 15 located on the Financral Repo￿"n9 Coun¢il's vthte al". ¥AV4V.Irc. .uklauditorsres ibilities. This descript1￿ ftYm$ part of our Auditor's ReporL Use of our report This report ts made solety to the charitsble companKs trustees. as a b(>Jy. in a¢xordance with Part 4 of the Charilies {Accounts and Reports) Regulatxms 2008. Our aLKdit work has been undertaken so thatwe mryhl state to Ihe ¢haritat4e companls trustees those matters we are fequiod to stste to Ihem in an Auditorf5 Report and for no other pul￿Se. To the fullest extent pemlrtted by law. we do not ac£ept or assume ￿spOnsIbl11ty to anyone other than the charrtabk cimnpany and its membets. as a body. for Lwr audit vw)rk. for thL8 report, or for the opinions V*t have formed. IAHA Maclntyre Hudson Chartered Aeountants Registered.Auditws 2 London Wall Place London EC2Y SAU Oate. vi loqkn MHA M8clntyre Hudson are elvjible to xl as auditcKs n tern￿ of section 1212 of the Companies Act 2006. Paae 14 THE REACH FOUNDATION IA Company Limlted by Guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2020 Unrestrlcled Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Note Incomg from: Charitable actNities 965.135 4.378.430 5,343.565 384.757 Total income Expenditure on: Charitable aclivit¢es 965.135 4.378A30 5.343.565 384.757 171.364 2.935.348 3,106,712 380.422 Total expenditure 171,364 2.93S,348 3,106,712 380.422 Net movement in funds Reconciliation of funds: Total funds brought forytsrd Nel movement in funds 793,771 1,443,082 2.236.853 4,335 3.085 793.771 15.000 1.443.082 18.085 2.236,853 13.750 4.335 Total funds carried foMard 796.856 1.4S8.082 2.254,938 18.085 The Ststement of Financial Activits'es includes all gains and losses recojnised ￿ the year. The notes on pages 18 10 26 fomi part of these financial staiements. P4e 15 THE REACH FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2020 2020 2019 Note c￿￿ent assets Debto Cash 81 bank and In hand 1.961.1 1.783.814 138.856 3.744.994 148.365 CTedilors'. amtyjnts la1￿.n9 wilhin one year (1,WJO.0561 {130.2801 Net current assets 2.254,938 18.085 Total net assets 2.254.938 18,085 Charlty lunds Restricted funds Unrestricled funds 10 10 1,458,082 796.8% 15.000 3.085 Total funds 1254,938 18.085 The enlitywas entsued to exemption frIMn audit urKler SeCtA￿ 477 of the Companies Act 2006. The members have rnt required the entity to <>btan an atKlit for thè Far In q￿lon In actordarte section 476 of the Compantes Act 2006. However. an audit is required in accordarts with section 144 of the Chafitss fvLt 2011. The Trustaes aeknThiedge their fesFM)nsitsiities for complying with the feqLbirements of Ihe Act ￿7th respect acC￿rItn9 records and preparntion of financial statements. The financ4al statements have been Kryared in accax55 HKJh Slreet, Feltham, rw13 4A8. Accountlng pollcies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordan￿ wth the Charit￿5 SORP IFRS 102) - Accounting and Rewrting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland {FRS 102} {effectNe 1 January 2015). the Financial Reports"ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20C6. The Ccrfnpany has ele¢ted to arpty all amendments to FRS 102. as set out in the Finan¢ral Reporting Council'5 triennial review published in Oecember 2017, and included in Update Bulleb'n 2 to the Charities SORP (FRS 1021. prior to mandatory adoption for accounting periods Lwinning on or after 1 January 2019. The Reach Foundalion meets the definition of a public benefft enlity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value un￿sS otherwise staled in the relevant accounting policy. 2.2 Income Al income is fecc¥3nised on* the Company has entrtlement to the income. it is probable that the income will be receNed and the amunt of irtome recervable can be measured ￿lIablY. 2.3 Expendbture Expenditure is recognised once there is a legal or constructNe obligation to transfer economic benefit to a third paty, rt is probable that a transfef of economic beneffts will be required in settlement and the amount of the obligat￿n can be measured relh3bly. Expenditure is classified by activity. The costs of each actmty are made up of the total of direct costs and shared costs, including suptKJrt costs invofved in undertaking each actNtty. Direct costs attribLrt2ble to a single activity are allocated directy to that actNity. Shared costs which contribute to more than one acb'vity and support costs which are not attributab￿ to a single actNty are appottioned betsveen those activIt￿S on a basis consistent th the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciabon charges alhxated on the porlion of the asset's use. Expenditure on Charitsble a¢tNilies is incurred on dire¢ty undertaking the acb'vibes ￿1¢h further the Company's obje¢lNes. as well as any a550cialed support costs. Al expendrture is inclusive of i￿ecoverable VAT. 2.4 Dgbtors Trade and other debtors are recognised at the setdement amount after any trade discount offered. Prepayments are valued at the amount prepad net of any trade discounts due. Page 18 THE REACH FOUNDATION IA Company Limited by Guoranl¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Accounling policles {continued) 2.5 Cash ot bank and in hand Cash at bank and in hand indudes cash aThJ short-lem highly I￿Uld investments wth a short maturity of three m¢)nths or less from the date of acquisrtK?n or opening of the deposit or similar a¢¢ount. 2.6 Llabilltles and provlslons Liabilities are reccgnised when there is an obligatson al the Balan￿ Sheet date as a result of a past event. it is probable that a transfer of economic benefit wtll be required in settlemen( and the amount of the settlement can be estimated reliabty. Liakn'lrties afe reccsnised at Ihe amount that the Company antscipates rt will pay to settle the debt or the amount it has received as advanced payments for the gotrJs or services it must provide. Provisions a￿ measured at the best eslj.mate of the amounts required lo settle the obligation. Where the effect of the time value of money 15 material. the provisKJn is based on the present value of those amounts. discounted at the pre-tax diseovnt rate that reflects the risks specific to the liability. The unwTnding of the discount is recognised in the Statement of Financial AclNitses as a finance cost. 2.7 Flnancial Inslruments The Company onty has finanaal assets and financkal liabilitres of a kind that qualfy as basic financial instruments. Basic finanaal instruments are initialty reeognised at transaction value and $ubsequenlly mea$ured al their Settlement value wrth the exCept￿n of bank loans which are subsequenuy measured at amorb.sed c05t using the effective interest method. 2.8 Fund accounting General funds are unrestrtded funds whtch are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and whth have not been desonated for other purposes. Restricted funds afe funds which are to be used in accordance with SpeCrf￿ restrict￿nS imposed by donors or wh￿h have been raised by the Company for particular purposes. The costs ol raising and administering such funds are charged against the specific fund. The airn and use of each restricted fund is set out in the notes to the financial slatements. Income from charftable activities Unrnstricted Restricted funds funds 2020 2020 Totsl funds 2020 Grants 965.135 4.378,430 5,343,565 Page 19 THE REACH FOUNDATION IA Company Limited by Guarant¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 In¢om• from charitable aclivities (¢orttinued) un￿$tr￿ted funds 2019 Restr￿ted funds 2019 Total fvnds 2019 Grants 344,757 40.000 384,757 Analysis of expenditure on charitable aclivities Summary by fund type Unrestricted Restricted fund5 funds 2020 2020 Total funds 2020 Direct costs 171,364 2,935,348 3,106,712 Unrestricted funds 2019 Restricted funds 2019 Total fvnds 2019 Direct costs 355.422 25,O¢Y) 380,422 Analysls of expendI￿re by acllv6ties Activities undertaken directly 2020 Support costs 2020 Total funds 2020 Direct costs 3.096,238 10,474 3,106.712 Page 20 THE REACH FOUNDATION IA Company Lrmited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Anatysls of expenditure by activities {conlinued) Activities undertaken direcuy 2019 Support ¢osls 2019 Total funds 2019 Oirect costs 375.942 4,480 380,422 Analysis of support costs Total funds 2020 Total fund5 2019 Activities 2020 Office costs Other support costs Governance costs 156 6,118 4,2 156 6,118 4,200 1.263 2,250 Totsl 10.474 10874 4.480 Audilorfs rtmuneratlon The auditorfs remuneralK)n amounts to an auditor fee of £4.2￿12019- £2.2501. Tntstees. remuneralion and expenses During the year, no Trustees receNed any rernuneration or other benefits (2019- £NIL). During the year en(led 31 August 2020. no Trustee expenses have been incurred (2019- £NIL). Debto 2020 2019 Due within one year Trade debtors Other deblc Prepayments and accrued income 143.352 14,235 1,803.593 9,509 1.961,180 9,509 Page21 THE REACH FOUNDATION IA Company Limited ty Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Debtors (cOntIn￿ed) The high levels of deferfed and accrued income reflect the exceptionally high levels of actNity in July and August 2020, when teachers all over the county created 8,000 lessons for the Oak platform. much of whi¢h not been paid for on the 31st August. Creditors: Amounts falling due within one year 2020 2019 Trade creditors Accruals and deferred inC(￿e 111,421 1,378.635 67.687 62,593 1 N90,056 130.280 The high levels of deferred arKI accnjed income reflect the exceptionally h￿h levels of activity in July and August 2020, when teachers all over the country created 8,000 lessons for the Oak plafform, much of which had not been pad for on the 31st August. Page 22 THE REACH FOUNDATION IA Company Limited by Guarante¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. Staternent of funds ststement of funds - currenl year Balance at 1 Septem￿r 2019 Balance at 31 August 2020 Income Expenditurn Unrestr4¢tod funds General Funds - all fvnds 3.085 965,135 (171,364) 796,856 Restricted funds Oak Academy- DfE Oak Academy- Mohn Wesuake Foundat Save the Children Laureus Sports Foundab'on Mohn Westjake Foundation Heathrow Community Other restricted funding 2.213,201 1.800,000 261.782 30.000 (2.213.201) 1364.356) 1,435,644 1261.456 326 111.134} 18.866 115.0001 (6.510) (63,691) 15,000 9.756 63.691 3,246 15.000 4.378.430 (2,935,348) 1.458.082 Total ol funds 18,085 5,343.565 (3.106.712) 2,254,938 Save Th¢ Children Funding: ￿ funding from Save the Chiklren has fvnded the Earfy Leaming Community, which seeks to irnprove outcomes in Feltham in the Earfy Years. The Feltham Early Leaming Community is one of four that have l)een set up. DfE Funding - Oak Audemy: the fvnding from the DfE enabled Oak Nati￿al Academy to be launched in April 2020 and has 5UPPOrted rt5 work. Mohn Westlake funding - Oak Acaderny: the grant from Mohn Westlake 1$ to support the work of Oak National Academy Irom Juty 2020 for the next twelve months. Laureus funding - this funded eady intervention activities for young people from the local community: engaging them in swrts reLqted activiknes lo improve their physical and mental well-being and creating leadership opportunities. Further breakdcwm of the Oak Academy expendrture is as folkyws.. Lesson development Platform development School SUPFQrt and sector engagement IT and other costs Professional costs Totsl 1.981.821 263.789 161.544 94.027 76.376 £2.$77,557 Page 23 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. Statement of funds (¢ontinu¢d Statemenl of funds - prk)r year Balance at 31 August 2019 Balance at 1 April 2018 Income Expenditure Unrestri¢t¢d fvnds General Funds- all funds 13.750 344,757 1355,4221 3,085 Restricted funds Reslricled Funds - all funds 40.000 {25.(N)01 15,000 Total of funds 13,750 384,757 {380,4221 18,085 11. Summary of funds Summary of funds- current year Balance at 1 September 2019 Balance at 31 August 2020 Income Expendithre General funds ReStr￿ted fvnds 3.085 15.000 ,135 1171.364 796.856 4,378h30 {2,935,348I 1,458,082 18.085 s,343,$65 (3,106,712) 2,254,938 Summary of funds- prior y•ar Balance at 31 August 2019 Balance at 1 April 2018 Income Expendtture General funds Restricted funds 13.750 344.757 40.OCwJ (355,422) 125,OtyJl 3.085 15.000 13.750 384.757 {380,4221 18,085 Page 24 THE REACH FOUNDATION IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 12. Analysis of net assets between funds Analysis of net assets between funds- current p8ri(bd Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Current assets Creditors due within one year 917.013 2.827.981 3,744,994 (120,157) {1,369,899} {1,490,0561 Total 796,856 1,458,082 2,254,938 Analysis of net assets between funds - prior period Unrestricted funds 2019 Restricted funds 2019 Totsl funds 2019 Current assets Creditors due vhthin one year 133,365 (130.2801 15,LN)O 148,365 (130,2801 Total 3.085 15,CQO 18,085 13. Reconciliation of net movement In funds to net cash fiow from operating activities 2020 2019 Nel incKHne for the peri&J las per Ststement of Financial Activilies} 2,236,853 4,335 Adju5tm•nts for: Increase in deblors Increase in credttors (1,951.671) 1,359,776 {9.5091 126,830 Net ¢a$h provided by operating activities 1,644,958 121.656 P4e 25 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 14. Anatysis of ush and Cash ¢quivalgnts 2020 2019 Cash in hand 1.783.814 138,856 Total cash and cash equivalents 1.783.814 138,856 15. Analysis of changes In net debt September At31 2019 Cash flows August 2020 Cash at bank arKI in hand 138.856 1.644.958 1.783.814 138.856 1.644.958 1,783.814 16. Related party transactions The Foundation has a Service Level agreement with the Reach Academy Tru51 in order to access human resources and services. During the year an amount of £281,77312019". £194,098) was recharged t*y the Reach Academy Trust in respect of those seNices. As noted atN)ve. none of this transfer relates to Oak Nats'onal Academy operat￿nal eosts. for whith the F￿ndat￿n retsined no costs. In terms of the undeftyirrfj wages cnsts as rechar9ed above. no indNKlual eamt in excess of £60,000 per annum. Page 26 Registered number: 06546261 Charity nurn￿r: 1129683 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 *AA4SZV8B' 1910￿021 COMPANIES HOUSE #188 A15 THE REACH FOUNDATION IA Company Limited by Guarantee) CONTENTS Page Referenc? and Administrative Dgtails of thg Company. its Tntstees and Advisers Trustees. Report 2-11 Independent Auditorfs Report on the Financial Statements 14 statement of Financial Activities 15 Balance Sheet 16 Statement of Cash Flows 17 Notes to the Financial Statements 18-28 THE REACH FOUNDATION IA Company Limiled by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2020 Trustees J Baxter N Jennings J MeGoh T Roberts J Taeon M Trebilco L Gledhill (appointed 8 t)ecernber 20201 Company regist¢r number Charity registered number 1129683 Registered office Reach Academy Feltham 53-55 High Street Feltham TW13 4AB Independent auditor MHA Ma¢lntyre Hudson Chartered Accountants Registered Auditors 2 London Wall Place London EC2Y SAU Page 1 THE REACH FOUNDATION IA Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2020 The Trustees present their annual rewt together v*rth the audrted finar￿la1 statements of the Company for the year ended 31 August 2020. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the tharitable company's governing documenl and the prowsions of the Statement of Recommended Practice ISORP) applicable to charits'es preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effectNe 1 January 2015) as amended by Update Bulletins 1 and Since the Company qualifies as small under section 382 of the Companies A¢t 2006, the Strategi¢ Report required of medium and large ¢ompan*s under the Companies A¢t 20ckS Islralegi¢ Report and Directors, Report) Regulations 2013 has been omitted. Objectlves and activftles a. Policles and obleclives At the Reach Foundation. we ￿lIeVe that every child deserves a life of choice and OPF(Srtunity. Starting in Feltham. the Foundation acts bcalty through a community based cradle to career model. grounded in great schools. We also work nationally to drive systemic change towards cradle to career provision for all young people. The Reath Foundats'on works akngside the Reath A¢aderny Trust in Feltham. The Reach Chiklren's Hub, an initiative of the Foundation. provhdes an integrated pipelire of provision and support for children and families thal complements the work of the school. The Foundation is in the process of launching the Felth2m Convening Project, 8 cross sector Community partnership to improve outcomes of ehildren and young people. The school, Reach Children's Hub and Fetham Convening Project together represent the Reach Cradle to Career Model. The Foundation is now seeking lo work wrth other communitses. The Foundation is codtfying rts cradle to career model and developing the leadership capauty to deliver it. 11 also seeks to foster innovatson this year incubating Oak National Academy in response to the CovKI-19 pandemic. b. Strategies for achieving obje¢lives The Reach Foundation aims to have impact in communities. Starting in Fetham. Ihe Foundation seeks to have transformative impact on communtbes, making them beacons of social mobilty and opportunity for young people, and developing evidenced-based best practice for effectively ts¢kling the ¢omplex difficulties affe¢ting vulnerable families. It also seeks lo provKie new mtyyels and ¢hallenge for the system. kr055 the range of its activities, the Foundation seeks to influen¢e p)Ivi aTrJ praC￿e through rts we114ocumented, codified and stress-tested approach lo delivering ¢hange. The Foundation has created a cradle to career community hub in Feltham Ihat works alongside Reach Academy Feltham to offer a ￿peline of support that enables chiklren and young people to live lives of choice and opportunity. by supporting them lo be safe and well SUPF#)rted.' healthy.. academicalty successful", and to have strong rela￿nShIpS and netsvorks. Page 2 THE REACH FOUNDATION {A C(Hnpany Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Objectives and actlvltles (continued) ¢. Activities undertaken to achleve oblectives The Foundation believes that in order for children to enjoy lives of thoice and opportunity. they need to.- Be safe and well supported.. Children and young people are free from hami and know how to keep themselves safe. They are well supported at home. Be healthy.. Children and young people are physieally, soeially and emotionally healthy. AchEve well academtslty.. Chihjren and young people achieve g¢)od academic resutts and leave s¢hool p￿Pared for the next stage. FamIl￿S are ath.vety invofved in their education. Have strong relationships and social nettvorks." Children and young people have strong peer and familial relationships and engage positivety with their k)cal community. The FOundat￿n works across the age range to supwrt these OLrtcomes. The Reach Children's Hub. where much of the FoUndat￿n'S activtty is c￿￿enUY focused. has a parbcular on.. Making a great start ￿ life beiween concepts'on and EnsurirvJ that all chiklren we work wth make a great start in life. and their parents have all the support they need to provide a Safe, nurturing environment Achieving si¢¢ess at xh¢)ol behveen two and 16: Provhding the support guidance, advice and acbvilies that young people and their families need to ensure success in schcx)l and posibve engagement with their local community. Preparing for and pursuing high qualty FK)sl school deStIna￿S be￿een 16 and 21.. Supporting young people to refine their ambitions. make posibve choices about their lrfe after schcK)I, and succeed in whichever path they choose, ￿ether thafs attendirkg a top UnNersty, undertaking a quality apprenticeship. or gjng straight into the worbJ of V*Y)rk. d. Grant-m•king policies The Foundation does not currently make grants and tr*fefore has not fomulaled a polry in this area. e. Volunteers Oak National Academy launched fapKIty in res￿nse to many children being unable to attend school due to the Covid-19 pandemic. Much of the initsal effort to get Oak National Academy up and running was done on a voluntary basis. before paKI support could be put in place. including paying teachers. No other voluntary work was ulilised by the Foundation. Page 3 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Objectives and activities (continued f. Main actlvlti•s undertaken to further the Companf$ purposes for th¢ publi¢ btnefrt Over the course of this year. Ihe Foundabon has.. Improved access and availability of services for children aged 0-2 in Feltham. Undertaken a range of activities lo strengthen the Earty Years Workfor￿ in Feltham. Strengthened community engagement in Feltham. sl￿eSsfUl￿ sponsonng a new CitrLens UK partnership in Hounslow. Developed our offer to support young people and SUPFQrt them into the best possible p)st-school outcomes. Supported Iwr communty through k)ck-dcY*m through prackncal and emotional support. and co-ordinating a community response. Launehed the Rea¢h Felbwship to build a leadership pipeline for our groNth into other communtties. Launched Oak National Aeaderny: whi¢h has supported leaming of young people across the eounlry during S￿￿￿1 closures. Achievements and perfomlance a. Key perforn)ance indicators The Foundation ha5 secured fijnding that has covered all ￿tIvItieS this year and has secured further funding to expand its activities in the coming year. The Foundation has worked to ￿fine its key performance indutor5 for different ekments of rt5 work in ollabor*'on y￿h partners at the University of Manchester. New Philanthropy Capital and Collaborate CIC. Each individual work stream has clear KPIS, as do the Foundation'5 Incubated initiatives, Oak National A¢ademy and Whatever It Takes. which are detsiled further below. Ptye4 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Straleglc report Icontlnued) Achlevements and performance Icontinued) b. Review of activities The Reach Children's Hub "Ever since l joined the Hub l find mysell more confident ... To be honest. the Hub is like a family for me, especially during these difficult kn"mes_' PAUM of 3. May 2020 Thank$ to the flexibilty and undetstanding of our fuThJers. we did not fvrlough any staff in the Reach Children's Hub during loekdown, which allowed us to Continue to support the communty in Feltham. As well as forming cross-sector working groups with other institUt￿n$ f¢xused on providing the community with food and essential items, financial adviee and support. and mental heatth and wellbeing support. we have ￿ntinUed lo develop and progress many of our existing strands of work. Improving access & availability of O-2 services We appointed an Antenatal & Infant ProvisK)n Lead vtho bn'ngs a wealth of experience and knth￿edge to the role and is further developing our strategy for this part of the pipeline. We developed an online antenatal education course, however lake-up was low so we have adapted this and are now offering well-being sessions for pregnant women. This gives us more flexi￿.1￿ to connect wilh a wide-range of women. as there is no need for thern to be grouped by ge$lat￿n. On¢e we have made this inib.al connection, they will be able to access a pipeline of servi¢es including anienatal dasses, eaty speech & language development and parenl-infant mental health supporL The Antenalal Lead is building relationships with a local netwryk of professicfftals induding mhthvives, child￿n'S centres, health visitors. the perinatal mental health nurses. the domestic vK)lence outreach team and housing teams. We have 10 Referral Partner Or9anisations issuing emergency grants across the Fettham Earty Leaming Community. funded through our partnership with Save the Children UK early Years Workforce Development ' We received validat￿Tr froTn Kingston UnNersty and siarted te&hing their Earfy Years Foundation Degree in September 2020. Our first cohort consists of 10 non-tradilional students from six thal seth'ngs. We have added a Level 1 'Caring for Chiklren, qualfficats.on to our Early Years. recruitment and retenb'on pipeline and will have a cohort of ten students in September. most of whom are parents with chiklren attending Reach Academy, WIKJ are keen to start their training and then eventualty progress to our Level 3 Eady Years, Apprenticeship. We have continued to deliver the well*stablishe(l Eaty Years. Ne￿lork. wrth approximately 25 practitioners from six local settings in attendance each bme. Community Engagement Our community organising work with Cibzens UK has gone fr¢)m St￿ngth to strength. We have ¢onduded 2011+ conversations, held 8 meetings. formed 3 working groups and are ￿nVenIng an online action group of 10&fr community members. focused on improving safety on FeEtham H￿h Street. Parent and student leaders have started to emerge and are now faaliiating these meeb"ngs. As our carnpagn has built momentum, we have also been able to engage other lotsl insblutitins and are Icxjking to bnng three new members into the Hounslow Citiien5' allian￿. Page 5 THE REACH FOUNDATION IA Company Llmited ty Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Strategic report lcontinuedl A¢hi•v¢monts and perfomiance (contlnued} Holiday Support We prioritised supporting our communty through the Summer. a prionty given the massive economic impact of the pandemt in Feltham, given rts proximty to Heathrow airport. 77 ehildren received weekly meal packages through the Good Grub Club. an inrthab've or9anised by the Ic¢al food banks in Feltham. In addition we delivered 1C(JO activity boxes in the summer. which contsined early ￿arn1ftg resources to support development and encourage play for chiklren. Feeding our community In partnership with JPL Catering we have kept feeding the community. Working alongside Reach Academy Fellham, wh￿h continued to feed pupils in the schc4)l eligible for free school meals. and also offered the service lo tsvo other lo￿1 ￿h¢?015, we delivered food to Iwo tcal care homes and a refuge for women and their children. We sel up a surplus f¢X*J servti to ¢omplemenl the bcal f¢)od bank and had hundreds of vulnerable people ¢ollecting food and accessing olher SUPFL)rt tsrice a week. At different time5 through thi5 period we have identified 40 families acute need and have created f¢oJ parcels that have been delivered to them weekly helping them through Pa￿'CUlar perKMJs of diffKulty. Youth Engagement Despite the Challenges of Ic¢kdthvn, we have Continued lo offer a broad rarye of opportunity for young people, working in partnership with M¢xlel Cib'es initiats.ve in Hounslow. Throughout the year we offered a range of activities to support young Peop￿,$ mental and physioal health. including a sports programme with Harlequins Rugby Club, leadership training with Brentford Community Sports Trust for young people aged 12-17. an arts- based project with Bounce Theatre Company a foeus on heroie women in History, dance sessions with ZooNalion Dance Company, and a peer-t￿peeT nurturing and support group for 11-14 year olds that has been designed by youth ￿aderS and vthich wll take plxe in*erson at the local communty centre. Launching our Growth Strategy We launched the Reach Felbwship as Ihe central tenet of our strategy- inviting leaders to spend a year at Reach leaming atout model. The first Felow. Manjit More. joined us in August 2020. We have invited contact from tsachers. school leaders and communities who We￿ interested in our model. thinking about how il could have a Fosib"ve impact on young people in their communities. We are working with a group in the N¢Jrth East. exploting a Free Schcd lJ"d in Redcar. for an all-through school in the next free school round. Oak Natlonal Academy Oak National Academy is a collective respM)nse from teachers to add￿sS the ongoing challenges posed by coronavirus. Oak National Academy offers schcols, tea¢hers and pupils online lessons and resour¢es to support bolh leaming in the dassr(M)m and knns from home. Oak National Academy is a free. opb)nal resource for any teacher that wants to use IL The platform is easy to use, no logins. and *vrks on any de¥￿e. Oak National Academy was the Klea of a group of teachers. Their aim was simple - wot1( together rather than alone lo support their colleagues through one of the mosl challenging perths in educats'on's, and the country's. recent history. With wide scale support from across the country, the Njea has grown beyond anything originally Page 6 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Strategic rnport lcontinued) Achievements and perfonnance {contiDued} planned. The initsal group of 40 remarkable teachers quick￿ grew and has now helped millions of children lake part in over 100 millDn lessons. They've pkyed a small but imwrtant rcAe in the national effort to keep children leaming during lockdown. Summer 2020 Oak National Academls lessons and platfom We￿ qubckty adopted by teachers. parents and children. Oak National Aeademy delivered 2SO new ￿SSonS per week be￿een Easter and the end of the summer temi. On average, 220.000 users accessed Oak Nalb)nal Academy each day throughout the term. This meant by the end of the summer term. 4.7 mill￿n pupils had accessed almost 20 million lessons. The platfomi maintained 99.9• uptime throughout this period. providing a stsble and relkible eXpe￿nCe for the millions of children using it to access remote learning. The summer holiday provided an opportunty for Oak National Academy to rapidly increase the size and scale of the resources il offers Oak National Academy and its broad community of hundreds of teachers. drawn from a¢ross the county, set out with an arnbibon to buikl 10,000 ￿SOnS across the breadlh of the curriculum ready for 2020-21. This was in direct ￿$F4)nse lo feedba¢k from Oak National Academy users who wanted lessons up front, so they could pick and ¢hoose in line wrth their exisb.ng curriculum. rather than needing lo follow that of Oak Nath)nal Academy. They also asked that Oak Nats"onal Academy expand rts curriculum. wrth increased subjects. extending to Year 11 and a greater range of s￿la11$1 content. Wlowing downbads, edilable and printsble resources were also hKJh on teachers. needs. So over the summer Oak National Academy set about these tasks. Oak National Academy recorded nearly 10,000 ksson5 and built a new'Teacher Hub,. designed to help teachers access all the elements of a lesson. and •Japt them as needed to support their planning. Acknowledgements Oak Nats"onal A¢ademy has been possibk thanks lo the hard v￿rk of many hundreds of teachers and educators. Oak National Academy has been supported by an incredible range of schTr)Is, businesses, charities. academy trusts, publishefs, professh)nal seTrtis. I￿al govemment and technolcgy companies. Whatever ft Takes Reach Academy Trust Co-founder Rebecca Cramer has spent part of her time for the past year setting up a new charity called Whatever It Takes IWITI whth the Foundation supported to launch and provided central services and incubation for. WIT ￿11 break the destructive rycle of children and young people committing crimes so that. instead, they make a posrttve eontn'bution to our $￿iety and build tetter lives for themsefves. At the heart of WIT'S approa¢h will be the relab"onship the Chikl or young person has with a 'Guide." Page 7 THE REACH FOUNDATION IA Company Limited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Strategic report lcontinued) Achievements and perforniance (continued) c. Fundraising activities and income generation We have not undertaken any dired fundraising. Funding is derived from grants from Trusts and Foundations and our partnership with Save The Chiklren. Financial review a. Going ¢on¢ern After making appropriate enquiries. the Trustees have a reasonable expectation that the Company has adequate resources lo eonlinue in oFerational existen￿ lor the foreseeab￿ hjture. For this reason, they continue lo adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the xcounb'ng policies. b. Reserves policy The Trustees consider the level of reserves on a regular basis and are satisfied these are sufficient as at 31 August 2020 c. Princlpal risks and un¢ertalnlie$ The Trustees have assessed the major risks to which the thanty i% exposed. in particular. those related to the operations and finances of the charity. and are sats'sfied that systems and pr(rnlures a￿ in place to mitigate our exposure to the major risks. d. Prfnclpal fundlng We have received two restricted grants. one ffom Save the Children {£259,0001 to support the developmenl of the Early Learning Community, now in its third year, and a se¢ond. the Laureus Sports Granl (£30,000), to support Hounslows Model Cities initiative. Trusts and Foundations provide the bulk of our fvnding. with substsntial unrestri¢led grants from the IGY Foundation 1£370,0001, Mohn Wesllake Foundat#)n {£351,OCN)I, KPMG Foundation 1£100.0001, Findlay Pafk 1£50.0001, The 88 Foundation {£44,0001. Rank Foundation1£30,0fy)l. The grant income received in the Current yeai will be used to pursue the FourKlakn'on's prionbes. particularly seth'ng up the Feltham Convening Project and creating the conditions for future growth into new communities. The funding to support Oak National Academy came from the Department for Edu¢atson1£2 2ml and the Mohn Westlake Foundation 1£1.8m). Trustees would note that the FOundat￿n retained none of the funding from the OfE or the Mohn Westlake Foundation lo cover its operabmal costs. as is often ty￿Cal in these kinds of endeavours. Page 8 THE REACH FOUNDATION (A Company Lirnited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 Structure. govemance and management . Constitution The Reach Foundation is regisiered as a charrtable company limrted by guarantee and was set up by a Trust b. Methods of appointment or el¢¢ti(m of Tru$te¢s The management of the Company is the ￿SPOnSI1X.1ty of the Trustees who are elected and coopted under the terms of the Trust deed. c. Organisatlonal structure and declslon4naking policies The Trustees met as a Board 5 times during the year. Changes in the BoaTd are set out on page 1. Ed Vainker is the Chief Exe¢ub"ve Officer {CEO). The Trustees have delegated the day to day management of the Reach Foundation lo Ed Vainker and his leadership team. The CEO attends the Board meetings. All Trustees give of their time freely and no Trustee remuneration was paid during the year. d. Policies adopted for the induction and training of Trustees New Trustees meet wth the Chief Executive Offi￿r and the Chair of the Foundation to discuss their role and responsibilib'es. As part of their on boarding prctess the Trustees receNe a governan￿ handbook and induction pack from the Clerk. This gives an opportunty to answer any questions and clarify the ¢ontenl of any written documentation circulated to the new trustee. The Chief Executsve ensures trustees are kept up to date with any developments in taw changes in coniunctton With the ¢￿(k and this is achieved through bnefings al the Board meetings and circulated written infomiation. e. Pay pollcy for key management pertsonnel The Trustees consider the CEO aThJ the Direc*or of the Reach Children's Hub to represent the Executive team of The Reach Foundation. Changes to the saLgry of senior members of staff take place after their annual Performance management reviews. It is determined by the Chair of Truslees in ccx)rdinalion wth a committee of other trustees. f. Related party relationships The Foundation has a Seivti Level agreement the Reath Academy Trust in order to access human reSoUr￿S and Serv￿$. As noted atthTe, none of this transfer relates to Oak Nakn'onal Academy operational costs. for the Foundation retained no costs. p￿e9 THE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2020 Plans for future perlods The Foundation has set the follovAng objectives for the next stage of its developff*nl." Deliver the Feltham fl shi ". deepen. refine and realise the impact of our work in Feltham We will aim to develop and im*ment an impact measurement system lo test whether we are delivering on our four outcomes for children in Fetham. AlongsKle this we wll continue to tr￿11d partnerships ¥￿th a range of local organisations to support Crad￿t(Kareer work We will develop the work of the Reach Children's Hub, expanding rts Sca￿ and impact with a focus on improvin9 sch￿1 readiness amongst 0-5 year olds and improving Post-16 and Post-18 destinations for young people in Feltham. AlongsKle this, the Foundation will aim to secure perynanent accommodation for the Foundats"on. We will launch the Convening Proiect, a collecbve impacl initiative working akjngside lo¢al institutions and the communty. We will pursue a partnership where we are working from shared dats, towards aligned priorities, and combining funding and influen￿. Our aim is to reach the'proofwnf- when the partnership is addressing four pnority ouicomes and imFKoving these outcomes. Alongside this. the Foundation will woik wth the Reach Academy Trust to supp3rt Reach Academy Feltham lo deliver exceptional outcomes and open the Trust's second sch¢)oJ. Re UK licate our Cradle lo Career Model. Implement our rnodel, in fvll or in parl in mcye communities around the We will aim to launch the Reach Cradle to Career mL*Jel in a number of communities around the country. wrth new schools in the Reach Academy TrusL We wll also seek to develop crad￿ to Cafeer partnerships with existing all-through schools and MuttFAcademy Trusts. sharing ￿rning about our model. Pre are the round fof re licatin leadership capacty to deliver it our mthjel in more communities.. C(MJfy the Reach model and build the The Foundation will deveiop "how lo" guides for the core elements of the Reach Model, alongside developing leadership capacity within Re&h and across the sysiem. bringing together leaders interested in the cradle to career model. Influence national and ractKe and foster inr￿vatIon. We will contsnue to seek to influence policy and practice and pursue new ideas in line wth our mission. Build a owerful sustainable inskntutKin'. Secure long-tenn fvnding a)d strengthen our organisationlgovernance In the comin ear we sMII seek to maximtse the im that Oak Natronal Academ has durin the ndemic. Oak National Academls work in the summer of 2020 is the perfect foundation for supporting learning throughout 2021. Oak National Academy will conb.nue lo evaluate ils work and tts impad, and listen to views of schools and teacher5 $0 it Is better able to meet their needs. As such. the first priority for 2020-21 is lo ensure the cofflplelion of the hosb.ng of 10.000 lessons. These wll be conb'nuously improved in response lo user feedback vthh a fim fc¢us on accessith.lity and great user expenence. Page 10 THE REACH FOUNDATION (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2020 M•mbers' Ilabllity The Member5 of the Company guarantee to Contrit￿ an anount not exceed￿9 £1 to the assets of the Company in Ihe event of winding up. statement of Trustees. responslbllhles The Trustees (who are also the directors of the Company for the purwses of company law) are responsible for pieparing the Tnjstees. ReF*Yt and the financiJ stslemenls in ac(x)rdanc* wilh appli¢able law and United Kiigdom Accounting s￿￿tar(l$ (United lQngth>n Generafy Attepted AC&￿nti￿a Practi¢e>. Company law requires the Ttustees to financial ststeM￿ts for each finan¢Tal . UrKlar company law the Tnjslees must not approve the financial slalements unless th,ey a￿ satisfied that they gFve a twe and fair view of the stale of affairs of the Company and of its incoming resources and applicalM of resources. including its income arKI expenditure. for that period. In weparirg these fir￿￿al stateTh*nts. the Trustees are required to". select suitable accountir4J poli¢tes and then appty I1￿M"cOnSIstenIlY. obseNe the methods and prirriples of the Charibes.SO"RP (FRS 1021.. make judgements arKI accAyJnting estimates Ihal are re'asonable arKI pnjdentr state whether applicable UK Accounting StaDdards {FRS 102) have been followed. subjèct to any malerFal departures disclosed and ewained in the financial ststements: prepare the finanoal statements on the going eoncern basis unless it r3 inapprwate to wesume that the Company w￿1 Qwbnue in bu&ness. The Trustees are responsi1￿e for keepirvJ adequate acLxwnting rec4xds that are sufficient to 5htrw and explain the Companls transactions and disdOse,;%￿t￿l ￿sOnable accuracy al any time the financial posltion of the Company and efia￿e thom to ensure that.the financial statements comply ¥Mth the Companies Act 2006. They ore also responsible for safeguarding the assets of the Company and h8ncg taking reasonable steps for the prevention and deteclion of fraud 81￿J,¢1her irreuwlarities. Dls¢losure of Information lo audllor Each of the persons vtho are Trustees at bme ￿en Trustees. Rep(¥t is approved has confirmed that so far a5 that Trustee k8 aware. Ihere 1$ no rethnt a￿11¢ I￿orn0¢￿)n of Ihe charivs auditor is unahware, and that Trustee has taken all Ihe steps Ihat ought to have been tsken as 8 TNsiee In crfder to be aware of any retevanl a￿j11 infmlion and lo establish Ih8t the ch8ritrfs auditor is aware of that infomialion. Approved by order of the members of Ihe board of Trustees on 1910412021 and signed on th￿[ behalf by. J McGoh Trustee Page 11 THE REACH FOUNDATION (A Company Limited by Guardntee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION Oplnlon We have audited the financial statements of The Reach Foundation (the 'charitable company) for the year ended 31 August 2020 which comprise the Statement of Financial AclMb"es, the Balance Sheet. the Statement of Cash Flows and the related notes. induding a summary of swnrficant accountin9 policies. The financial reporting framework that has ken applied in theif preparation is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial stslements.. give a true and fair view of the state of the chantable compan￿5 affairs as at 31 August 2020 and of its incoming resources and apPl￿t￿n of resources. w)clLKling rts i￿rne and expendrture for the year then ended., have been properfy prepared in ￿OrdanCe with United Kingdom Generalty Accepted A¢¢ounling Practice," and have t*en prepared in accordance with the requirements of the CharitEs Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the Audrtorfs responsibilities for the aud¢t of the financial stslements section of our rewrt. We are independenl of the charitable company in accordan with the ethical requirements that are re￿vant to our audit of the financial stslements in the United Kingdom. including the Financial Rewrting Council's Ethical Standard. and we have futfilled our other ethical responsibilities in accordance with these requirements. We ￿l￿e that the audit evKlence we have obtained is sufh'cient aTrJ appropriate to proV￿e a basis for our opinion. Conclusions relating to going concem We have nothing to report in respect of the follow.ng matters in relabon to whKh the ISAS {UKI require us tr) report to you where.. the Trustees. use of the going concern baws of accounting preparati¢)n of the financial 5talernents is not approprrate., or th'e Trustees have not disc￿sed in the finanual statements any Klentiftd material uncertaintie5 that may cast signifunt doubt about the charitable eompanvs abilty to eonb.nue to adopt the going ¢on¢em basis of a¢¢ounts'ng for a pericrfl of at ￿8$t twelve months from the date when the financval slatements are aulhorised for ￿SUe. Page 12 THE REACH FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION (CONTINUED) Other infofmalion The Trustees are responsible for the other infom)ation. The other infomalion comprises the information included in the Annual Report. other than the finan￿al stslements and our Auditor's Report thereon. Our opinion the financial statements does nol cover the other inf0m1at￿n and we do not express any fom of assurance conclu￿On thereon. In Connect￿ with our audit of the financial staternenis. our responsibilty is to read the other informat*)n and, in doing so, consider ￿ether the other informab.on is materially inconsistent with the financial statements or our knowledge obtained in the audrt or otherwse appears to be materialty misstated. If we identify such material inconsislencies or apparent material misstatements. we are required to determine whether there is a material misstslement in the finanaal staternenls or a rnatefial misstatement of the other information. If, based on the work we have perfomed, we conclude that tt)ere is a material misstalement of this other information, we are required to report that fact We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the follwng matters where the Charities {Accounts and Reports) Regulations 2008 ￿qUireS us to report lo you rf. in ¢)ur opinion.. the infomiation given in the Trustees, Rer￿ is inconsistent in any materkgl resFect with the financial statements., or sufficient ￿luntIng records have not been kep[ or the financial statements are not in agreement the a¢¢ounb"rMJ records and returns., or V￿ have not received all the infomatM)n and explanations we require for our audit. Responslbilities of trustees As explained more fulty in the Truslees. Responsibilities Ststemenc the Twslees (who a￿ also the dire¢lors of the charitable company for the purposes of company law) are responsible for the preparab.on of the finan¢ial statements and for being salisfied that they give a true and fair VEW. and for such intemal Control as the Trustees determine is necessary to enable Ihe preParat￿n of financial statements that are free from matenal misslatemenl, whether due to fraud or error. In preparing the financial stslements, the Trustees a￿ ￿SponSib￿ for asse$5ing the tharilable companls ability lo conb.nue as a going concern, disclosing. as oppltsble. matter5 related to going concem and using the going concem basis of accounting unless the Truslees either intend to INuidate the charitable company or lo cease operats"ons. or have no realists"c alternative but to do so. Page 13 THE REACH FOUNDATION (A Company Llmfted by Guarnntee INDEPENDEKf AUDrroR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION ICONTINUEDI Auditorfs respon$lbilities for the audlt of the financlal statements We have been sp￿[nIed a5 auditor under secbcrt 144 of ihe Chaiilies Act 2011 and report in a¢cordance with . Ihe Acl and relevant regulatKJn5 or having effttt thereunder. Our oty'e(*'ves are to obtain regstsnat4e assurance ab￿1 whelher the financial ststements as a whole are free from material mi3slatemen( whether due to fraud OT er￿. and to issue an Audrtofs Report that includes our opin¢on. Reasonable assurance is a h￿3h ￿￿e1 of assurance. bLrt is rnt a guarantee that an aLklil eonducted accordance ISAS (UK) will ahyays dele¢l a material misslatemenl when ti exists. Misstatements arise from fraud oi error and are consKlwed material rf. individualty ¢y in the aggregate, they could reasonabty be expected lo influence the econom￿ de(as#)ns of users laken on the basis of these fwncial slatwnents. A furthw descriptson of our reSpOn￿b￿ltieS for the audit of the financial statements 15 located on the Financral Repo￿"n9 Coun¢il's vthte al". ¥AV4V.Irc. .uklauditorsres ibilities. This descript1￿ ftYm$ part of our Auditor's ReporL Use of our report This report ts made solety to the charitsble companKs trustees. as a b(>Jy. in a¢xordance with Part 4 of the Charilies {Accounts and Reports) Regulatxms 2008. Our aLKdit work has been undertaken so thatwe mryhl state to Ihe ¢haritat4e companls trustees those matters we are fequiod to stste to Ihem in an Auditorf5 Report and for no other pul￿Se. To the fullest extent pemlrtted by law. we do not ac£ept or assume ￿spOnsIbl11ty to anyone other than the charrtabk cimnpany and its membets. as a body. for Lwr audit vw)rk. for thL8 report, or for the opinions V*t have formed. IAHA Maclntyre Hudson Chartered Aeountants Registered.Auditws 2 London Wall Place London EC2Y SAU Oate. vi loqkn MHA M8clntyre Hudson are elvjible to xl as auditcKs n tern￿ of section 1212 of the Companies Act 2006. Paae 14 THE REACH FOUNDATION IA Company Limlted by Guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2020 Unrestrlcled Restricted funds funds 2020 2020 Total funds 2020 Total funds 2019 Note Incomg from: Charitable actNities 965.135 4.378.430 5,343.565 384.757 Total income Expenditure on: Charitable aclivit¢es 965.135 4.378A30 5.343.565 384.757 171.364 2.935.348 3,106,712 380.422 Total expenditure 171,364 2.93S,348 3,106,712 380.422 Net movement in funds Reconciliation of funds: Total funds brought forytsrd Nel movement in funds 793,771 1,443,082 2.236.853 4,335 3.085 793.771 15.000 1.443.082 18.085 2.236,853 13.750 4.335 Total funds carried foMard 796.856 1.4S8.082 2.254,938 18.085 The Ststement of Financial Activits'es includes all gains and losses recojnised ￿ the year. The notes on pages 18 10 26 fomi part of these financial staiements. P4e 15 THE REACH FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2020 2020 2019 Note c￿￿ent assets Debto Cash 81 bank and In hand 1.961.1 1.783.814 138.856 3.744.994 148.365 CTedilors'. amtyjnts la1￿.n9 wilhin one year (1,WJO.0561 {130.2801 Net current assets 2.254,938 18.085 Total net assets 2.254.938 18,085 Charlty lunds Restricted funds Unrestricled funds 10 10 1,458,082 796.8% 15.000 3.085 Total funds 1254,938 18.085 The enlitywas entsued to exemption frIMn audit urKler SeCtA￿ 477 of the Companies Act 2006. The members have rnt required the entity to <>btan an atKlit for thè Far In q￿lon In actordarte section 476 of the Compantes Act 2006. However. an audit is required in accordarts with section 144 of the Chafitss fvLt 2011. The Trustaes aeknThiedge their fesFM)nsitsiities for complying with the feqLbirements of Ihe Act ￿7th respect acC￿rItn9 records and preparntion of financial statements. The financ4al statements have been Kryared in accax55 HKJh Slreet, Feltham, rw13 4A8. Accountlng pollcies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordan￿ wth the Charit￿5 SORP IFRS 102) - Accounting and Rewrting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland {FRS 102} {effectNe 1 January 2015). the Financial Reports"ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20C6. The Ccrfnpany has ele¢ted to arpty all amendments to FRS 102. as set out in the Finan¢ral Reporting Council'5 triennial review published in Oecember 2017, and included in Update Bulleb'n 2 to the Charities SORP (FRS 1021. prior to mandatory adoption for accounting periods Lwinning on or after 1 January 2019. The Reach Foundalion meets the definition of a public benefft enlity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value un￿sS otherwise staled in the relevant accounting policy. 2.2 Income Al income is fecc¥3nised on* the Company has entrtlement to the income. it is probable that the income will be receNed and the amunt of irtome recervable can be measured ￿lIablY. 2.3 Expendbture Expenditure is recognised once there is a legal or constructNe obligation to transfer economic benefit to a third paty, rt is probable that a transfef of economic beneffts will be required in settlement and the amount of the obligat￿n can be measured relh3bly. Expenditure is classified by activity. The costs of each actmty are made up of the total of direct costs and shared costs, including suptKJrt costs invofved in undertaking each actNtty. Direct costs attribLrt2ble to a single activity are allocated directy to that actNity. Shared costs which contribute to more than one acb'vity and support costs which are not attributab￿ to a single actNty are appottioned betsveen those activIt￿S on a basis consistent th the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depreciabon charges alhxated on the porlion of the asset's use. Expenditure on Charitsble a¢tNilies is incurred on dire¢ty undertaking the acb'vibes ￿1¢h further the Company's obje¢lNes. as well as any a550cialed support costs. Al expendrture is inclusive of i￿ecoverable VAT. 2.4 Dgbtors Trade and other debtors are recognised at the setdement amount after any trade discount offered. Prepayments are valued at the amount prepad net of any trade discounts due. Page 18 THE REACH FOUNDATION IA Company Limited by Guoranl¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Accounling policles {continued) 2.5 Cash ot bank and in hand Cash at bank and in hand indudes cash aThJ short-lem highly I￿Uld investments wth a short maturity of three m¢)nths or less from the date of acquisrtK?n or opening of the deposit or similar a¢¢ount. 2.6 Llabilltles and provlslons Liabilities are reccgnised when there is an obligatson al the Balan￿ Sheet date as a result of a past event. it is probable that a transfer of economic benefit wtll be required in settlemen( and the amount of the settlement can be estimated reliabty. Liakn'lrties afe reccsnised at Ihe amount that the Company antscipates rt will pay to settle the debt or the amount it has received as advanced payments for the gotrJs or services it must provide. Provisions a￿ measured at the best eslj.mate of the amounts required lo settle the obligation. Where the effect of the time value of money 15 material. the provisKJn is based on the present value of those amounts. discounted at the pre-tax diseovnt rate that reflects the risks specific to the liability. The unwTnding of the discount is recognised in the Statement of Financial AclNitses as a finance cost. 2.7 Flnancial Inslruments The Company onty has finanaal assets and financkal liabilitres of a kind that qualfy as basic financial instruments. Basic finanaal instruments are initialty reeognised at transaction value and $ubsequenlly mea$ured al their Settlement value wrth the exCept￿n of bank loans which are subsequenuy measured at amorb.sed c05t using the effective interest method. 2.8 Fund accounting General funds are unrestrtded funds whtch are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and whth have not been desonated for other purposes. Restricted funds afe funds which are to be used in accordance with SpeCrf￿ restrict￿nS imposed by donors or wh￿h have been raised by the Company for particular purposes. The costs ol raising and administering such funds are charged against the specific fund. The airn and use of each restricted fund is set out in the notes to the financial slatements. Income from charftable activities Unrnstricted Restricted funds funds 2020 2020 Totsl funds 2020 Grants 965.135 4.378,430 5,343,565 Page 19 THE REACH FOUNDATION IA Company Limited by Guarant¢e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 In¢om• from charitable aclivities (¢orttinued) un￿$tr￿ted funds 2019 Restr￿ted funds 2019 Total fvnds 2019 Grants 344,757 40.000 384,757 Analysis of expenditure on charitable aclivities Summary by fund type Unrestricted Restricted fund5 funds 2020 2020 Total funds 2020 Direct costs 171,364 2,935,348 3,106,712 Unrestricted funds 2019 Restricted funds 2019 Total fvnds 2019 Direct costs 355.422 25,O¢Y) 380,422 Analysls of expendI￿re by acllv6ties Activities undertaken directly 2020 Support costs 2020 Total funds 2020 Direct costs 3.096,238 10,474 3,106.712 Page 20 THE REACH FOUNDATION IA Company Lrmited by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Anatysls of expenditure by activities {conlinued) Activities undertaken direcuy 2019 Support ¢osls 2019 Total funds 2019 Oirect costs 375.942 4,480 380,422 Analysis of support costs Total funds 2020 Total fund5 2019 Activities 2020 Office costs Other support costs Governance costs 156 6,118 4,2 156 6,118 4,200 1.263 2,250 Totsl 10.474 10874 4.480 Audilorfs rtmuneratlon The auditorfs remuneralK)n amounts to an auditor fee of £4.2￿12019- £2.2501. Tntstees. remuneralion and expenses During the year, no Trustees receNed any rernuneration or other benefits (2019- £NIL). During the year en(led 31 August 2020. no Trustee expenses have been incurred (2019- £NIL). Debto 2020 2019 Due within one year Trade debtors Other deblc Prepayments and accrued income 143.352 14,235 1,803.593 9,509 1.961,180 9,509 Page21 THE REACH FOUNDATION IA Company Limited ty Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 Debtors (cOntIn￿ed) The high levels of deferfed and accrued income reflect the exceptionally high levels of actNity in July and August 2020, when teachers all over the county created 8,000 lessons for the Oak platform. much of whi¢h not been paid for on the 31st August. Creditors: Amounts falling due within one year 2020 2019 Trade creditors Accruals and deferred inC(￿e 111,421 1,378.635 67.687 62,593 1 N90,056 130.280 The high levels of deferred arKI accnjed income reflect the exceptionally h￿h levels of activity in July and August 2020, when teachers all over the country created 8,000 lessons for the Oak plafform, much of which had not been pad for on the 31st August. Page 22 THE REACH FOUNDATION IA Company Limited by Guarante¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. Staternent of funds ststement of funds - currenl year Balance at 1 Septem￿r 2019 Balance at 31 August 2020 Income Expenditurn Unrestr4¢tod funds General Funds - all fvnds 3.085 965,135 (171,364) 796,856 Restricted funds Oak Academy- DfE Oak Academy- Mohn Wesuake Foundat Save the Children Laureus Sports Foundab'on Mohn Westjake Foundation Heathrow Community Other restricted funding 2.213,201 1.800,000 261.782 30.000 (2.213.201) 1364.356) 1,435,644 1261.456 326 111.134} 18.866 115.0001 (6.510) (63,691) 15,000 9.756 63.691 3,246 15.000 4.378.430 (2,935,348) 1.458.082 Total ol funds 18,085 5,343.565 (3.106.712) 2,254,938 Save Th¢ Children Funding: ￿ funding from Save the Chiklren has fvnded the Earfy Leaming Community, which seeks to irnprove outcomes in Feltham in the Earfy Years. The Feltham Early Leaming Community is one of four that have l)een set up. DfE Funding - Oak Audemy: the fvnding from the DfE enabled Oak Nati￿al Academy to be launched in April 2020 and has 5UPPOrted rt5 work. Mohn Westlake funding - Oak Acaderny: the grant from Mohn Westlake 1$ to support the work of Oak National Academy Irom Juty 2020 for the next twelve months. Laureus funding - this funded eady intervention activities for young people from the local community: engaging them in swrts reLqted activiknes lo improve their physical and mental well-being and creating leadership opportunities. Further breakdcwm of the Oak Academy expendrture is as folkyws.. Lesson development Platform development School SUPFQrt and sector engagement IT and other costs Professional costs Totsl 1.981.821 263.789 161.544 94.027 76.376 £2.$77,557 Page 23 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 10. Statement of funds (¢ontinu¢d Statemenl of funds - prk)r year Balance at 31 August 2019 Balance at 1 April 2018 Income Expenditure Unrestri¢t¢d fvnds General Funds- all funds 13.750 344,757 1355,4221 3,085 Restricted funds Reslricled Funds - all funds 40.000 {25.(N)01 15,000 Total of funds 13,750 384,757 {380,4221 18,085 11. Summary of funds Summary of funds- current year Balance at 1 September 2019 Balance at 31 August 2020 Income Expendithre General funds ReStr￿ted fvnds 3.085 15.000 ,135 1171.364 796.856 4,378h30 {2,935,348I 1,458,082 18.085 s,343,$65 (3,106,712) 2,254,938 Summary of funds- prior y•ar Balance at 31 August 2019 Balance at 1 April 2018 Income Expendtture General funds Restricted funds 13.750 344.757 40.OCwJ (355,422) 125,OtyJl 3.085 15.000 13.750 384.757 {380,4221 18,085 Page 24 THE REACH FOUNDATION IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 12. Analysis of net assets between funds Analysis of net assets between funds- current p8ri(bd Unrestricted Restricted funds funds 2020 2020 Total funds 2020 Current assets Creditors due within one year 917.013 2.827.981 3,744,994 (120,157) {1,369,899} {1,490,0561 Total 796,856 1,458,082 2,254,938 Analysis of net assets between funds - prior period Unrestricted funds 2019 Restricted funds 2019 Totsl funds 2019 Current assets Creditors due vhthin one year 133,365 (130.2801 15,LN)O 148,365 (130,2801 Total 3.085 15,CQO 18,085 13. Reconciliation of net movement In funds to net cash fiow from operating activities 2020 2019 Nel incKHne for the peri&J las per Ststement of Financial Activilies} 2,236,853 4,335 Adju5tm•nts for: Increase in deblors Increase in credttors (1,951.671) 1,359,776 {9.5091 126,830 Net ¢a$h provided by operating activities 1,644,958 121.656 P4e 25 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 14. Anatysis of ush and Cash ¢quivalgnts 2020 2019 Cash in hand 1.783.814 138,856 Total cash and cash equivalents 1.783.814 138,856 15. Analysis of changes In net debt September At31 2019 Cash flows August 2020 Cash at bank arKI in hand 138.856 1.644.958 1.783.814 138.856 1.644.958 1,783.814 16. Related party transactions The Foundation has a Service Level agreement with the Reach Academy Tru51 in order to access human resources and services. During the year an amount of £281,77312019". £194,098) was recharged t*y the Reach Academy Trust in respect of those seNices. As noted atN)ve. none of this transfer relates to Oak Nats'onal Academy operat￿nal eosts. for whith the F￿ndat￿n retsined no costs. In terms of the undeftyirrfj wages cnsts as rechar9ed above. no indNKlual eamt in excess of £60,000 per annum. Page 26 The Reach Foundation 53-55 High Street Feltham TW13 4AB T: 020 3551 9305 E: info@reachacademy.org.uk www.reachfoundation.org.uk MHA MacIntyre Hudson 6[th] Floor 2 London Wall Place London EC2Y 5AU Dear Sirs ## **CONFIRMATION OF REPRESENTATIONS** This representation letter is provided in connection with your audit of the financial statements of The Reach Foundation for the year ended 31 August 2020. We note that your audit was performed for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the financial position of The Reach Foundation as of 31 August 2020 and of the results of its operations for the year then ended in accordance with the UK GAAP financial reporting framework. We confirm to the best of our knowledge and belief that the following representations are made on the basis of having made appropriate enquiries of other trustees and officials of the charity with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that the following representations can be properly given to you in connection with your audit of the charity’s financial statements: ## **1. General** We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter under the Companies Act 2006 for preparing financial statements which give a true and fair view in accordance with applicable law and UK GAAP and for making accurate representations to you. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of trustees’, members’ and management meetings, have been made available to you. We have not withheld any information, the knowledge of which could cause you to take a materially different view in your report. The financial statements are free of material misstatements, including omissions. ## **2. Internal control and fraud** We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated The Reach Foundation is a charitable company limited by guarantee and registered in England and Wales. Charity No: 1129683 Company No: 06546261. Registered address: 53-55 High Street, Feltham, Middlesex.TW13 4AB as a result of fraud. **3.** We are not aware of any irregularities involving management, employees who have a significant role in internal control, volunteers or anyone else where those irregularities could have a material effect on the financial statements. **4.** We confirm we have disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the charity’s financial statements communicated by current or former employees, analysts, regulators or others. ## **5. Audit adjustments** We have made adjustments, as requested by you, for all misstatements identified by your audit. ## **6.** ## **Going concern** We believe that the charity’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be adequate for the charity’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charity’s ability to continue as a going concern need to be made in the financial statements. ## **7.** ## **Law and regulations** We are not aware of any events which involve possible non-compliance with statute, regulations, contracts, agreements or the company’s Memorandum and Articles of Association which might prejudice the charity’s going concern status or that might result in the charity suffering significant penalties or other loss. ## **8.** ## **Assets and liabilities** The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements. **9.** We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent and have disclosed in the notes to the financial statements all guarantees that we have given to third parties. **10.** We have no plans or intentions that may materially alter the carrying value, and where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. ## **11. Accounting estimates** Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. ## **12. Loans and arrangements with officers** The charity has not granted any advances or credit facilities, or made guarantees on behalf of, directors or trustees other than those disclosed in the financial statements. ## **13. Legal claims** All claims in connection with litigation that have been, or are expected to be, received have been properly accrued for in the financial statements. The Reach Foundation is a charitable company limited by guarantee and registered in England and Wales. Company No: 06546261. Charity Number: 1129683 Registered address: 53-55 High Street, Feltham, TW13 4AB ## **14. Ultimate controlling party** There is no controlling party. ## **15. Transactions with related parties** Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of the Companies Act 2006, Charities Act 2011 or accounting standards. ## **16. Events after the balance sheet date** All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. ## **17. Grants and donations** All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such income. Restricted grants and donations are as disclosed in the financial statements. ## **18. Electronic publication of accounts** - We intend to distribute or publish the financial statements in electronic form **19.** We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that: - so far as each director is aware, there is no relevant audit information of which you as auditors are unaware, and - each director has taken all the steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that you are aware of that information. Yours faithfully ## Jon McGoh Chair of Trustees Signed on behalf of the trustees Date of approval of accounts by Board: ……19/04/2021……………… The Reach Foundation is a charitable company limited by guarantee and registered in England and Wales. Company No: 06546261. Charity Number: 1129683 Registered address: 53-55 High Street, Feltham, TW13 4AB The Reach Foundation is a charitable company limited by guarantee and registered in England and Wales. Company No: 06546261. Charity Number: 1129683 Registered address: 53-55 High Street, Feltham, TW13 4AB