2021-08-31-accounts

Company Registered Number: 06546261 Charity Registered Nurnber. 1129683 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 *A64ZIK4X' 2WO512022 COMPANIES HtXJSE A03

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THE REACH FOUNOATION IA Company Llrntted by Guarantee) CONTENTS Page Reference and Administrative Ihtails of the Charity. its Tn￿¢￿$ and Aifvisers Trustees. Roport 2-12 Trustees. Responslbllltles Statement 13 Indepgndent Audltofs Report on the Flnaoclal Slatements 14-17 Statement of Financial Activities 18 Balance Sheet 19 ststement of Ca$h Flows 20 Notes to the Financial Statements

THE REACH FOUNDATION IA Company Lirnitod by Guarant¢el REFERENCE AND ADMINISTRATrVE DETAILS OF THE CHARIry, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2021 Truste•$ J Baxler N Jennirvjs J McGoh T Roberts J Tacon M Trebiko L Gledhi A m￿)Z {4)wnted 3 November 20211 Company registered number (6546261 Charity registered number 1129683 R•gist•r¢d offl¢? Reach Acaderny Fettham 5&55 Hwh Stwt Fettham TW13 4AB Indepondont auditor MHA Maclntyre Huds statutory Auditor 6th Fk)or 2 London Wall Place EC2Y SAU Page 1

THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 The Trustees pres¢nt their annual report togetherwhth the audited financial slalemenls ofthg Charity for the year ended 31 August 2021. The Annual Report serves Ihe purposes of both a Trustees, Report and a Directors. Report under company law. The Truslees ¢onfimi that the Annual Report and financial statements of the Ch8ri1y cornply with the current ststutory requirements. the reouirements of the charitable companls governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charili¢s preparing their accounts in accordance with the FinancK81 Rew)rting Slandard applKable in the UK 8nd Republic of Ireland IFRS1021 as amende(I by Update Bulletin$ 1 and 2. Since the Charity qualifies as small urKler section 382 of the Companies Act 21X)6, the Strategic Report required of medium and large companies under the Companies Ad 20C￿ IStrategK Report and Directors, Report) Regulations 2013 has been omitted. ObJoctlv•$ and activities Policles and objectives Al the Reach Foundation. we believe that every child deserves a lrfe of Cho￿ and opw)rtuntiy. Starting in Feltham. the Charity act5 locally through a communty based cra¢Jle to career model. grounded in great schools. We also work nationalty to drive syslemic change l(Y•vards cradle to career provision for all y¢>Jng people. The Reath FourwJati¢)n works along￿de the Reach Academy Trust in Feltham. The Reach Children's Hub, an initiative of the Charity. provides an inlegraled pipeline of provision and support for chIld￿n and farnilies that complements the work of the school. The Foundati(m has launched the Feltham Convening Partnership, a cross Sector ￿MMUnty partnership to improve outcomes of chikfren and young people. The school. Reath Children's Hub and Fellham Convening Project together represent the Reach crad￿ to Career Model. The Charity is now working wth communrb.es beyond Femham. It ha5 codtfied its cradle to career model and is delivering leadership programmes and a 'Cfadle to Careerf partnership model. The Charity continues to foster innovat￿n- notabty incubab.ng Oak National Academy in respO￿se lo the Covid-19 pandemic. b. Stratsgles for achieving objectives The Reach Foundation aims lo have an Mnpact in comrnunilies. slarb.ng in Feltham, the Charity seeks lo have 8 transfomatwe irnpa¢t on Communities. making them beacons of social mobslity and opportunity for young people. and developing evidenced-based best practice for effectivety tackling the oynplex difficulties affecting vulnerable families. It also seeks to prowde new models and challenge for the system. A¢ross the range ol its activities, the Foundation seeks to influence policy and wacb.se thmugh its well-documented. codified and stress tested approach to delivering change. The Charity has created a cradle to career ccrnunily hub in Fetham that works alongside Reach A¢8demy Feltham lo offer a pipeline of support that enables children and young people to live live5 of choice and opportunity. by supporting them to be sale and well supported- heallhy: academically successful; and to have strong relationships and networks. ¢. ActIvIt￿S Und•rtak￿ to achieve objectives In order to deepen our impact ￿ Feltham, the Chaiity has.. Slrenglhened the work of the Reath Children's.Hub to support Children and families across the age range. with parbculaT progress in our perinatal support strand Developed the Feltham Convening Partnership taking a coEledtve impact approach to sotwng complex pr￿Orns affectiTrJ young people in Fdtham. Page 2

THE REACH FOUNDATIOPI {A Company Limited by Guarantsel TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 ObJe¢tives #nd ¥¢livltles lcontinued) To grow our impact beyond Feltham. the Charity has". Created and launched a Head Teacher development programme ISW1001 to develop school leaders th the knowledge. vision and relationships lo devebp Cradle to Careef models in their cornmunilies Created an¢J launched the Cradle lo Career Partnership. This is a structured prcoramme of support fot schocAs and Multi-Academy Trusts that are developrng crndle to career mo*Jels. The Charity has also further developed the work of Oak Nats"onal ACad￿Y lo support children across the counlry to learn during the pandemic. d. Grant-making policies The Charity does not cU￿enty make grants and therefore h.as not forff￿1ated a policy in this area. e. Voluntsers The Reach Children's Hub has been developng a volunteer strategy to supiMNtthe local community. A first cohort of volunteers have been trained arKI are now supportin9 thihdren and families in Fehham. f. Maln actlvllle$ undèrtakèn to further th• Charity's purposes for the publi¢ benefft Over the course of this year. the Charity has: Improved access and availability of serwi¢es for children aged 0-2 in Feltham. Undertaken a range of activtties to strengthen the Earfy Years workforce in Feltham. Strengthened community engagement in Feltham. suttèssfvlty sponsoring a new Citizens UK partnership in Hounslow. Developed our offer lo supwl young ￿Ople and support thern into the best possible post-school oulcomes. C(xlified our cradle to career modd to share the ￿￿er systern. Launched SW100, a ￿adershiP programme to identify and tra￿ the next 1(Kl Headteachers for tho system. Launched the Cradle to Career Partnership schw15 and Trusts in the South West and North East Developed the provision wrthin Oak National Academy. wh¢h h8S SUPPOrted leaming of young people across the country during Scho￿ closures. Achievements and performan¢e •. K•y perfom)an¢e Indi¢atoffs Reach Children's Hub Developed a robusl pipeline of pemalal support, whth nNdwives and Heatth Visitors can refer into,. to date this has been accessed by over 170 pa￿nts. Delivered Kingston UnNersrty's Early Years Foundation Degree to an inaugural cohort of 10 practitsoners, represents.ng 6 differenl local seth'ngs; combined wilh the Early Years Ne￿ork. we are efflpowering practitioners who wowk with over 800 children. Carried txjt a listening campaign with 70 pfacb.1￿nerS and parenls about SEND provision for children and young peo￿e. in order to identsfy key issues and wndows of oppcrtunity to take action. Pa9e 3

THE REACH FOUNDATION {A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Feltham Convènlng Partnership Convened ovef 40 ind¢wduals. representing 19 different cross-sector organisations, Since January 2021. Identified 4 initial priorrty outcomes.. post-16 opportunities. mental health and wellking. Early Years and SEND. Appointed Kingston Universty to undertake a lorrfJ-term evaluation of the Partnership. SW100 Head Tea¢her development programme Assembled partnership of 5 Mulb"-Academy Trusts to C￿￿sIgn and W region81 leadership prc4Jramme for the South Wesl_ Recruited 15 primary and secondary schod lea¢Jer5 to the first cohort of SW1¢J). Launched recruitment of cohort hvo of SW1LKI to commence in September 2022. Cradle to Car•or Partn•rship Designed Cradle to Career P8rtnersh¥) wcN3rarrffie lo support 5thools 8n¢J Mulli-Academy Trusts with Ihe process of developing cradle to career models. Recruited 5.partner schwls and MATS to join the first co1￿1 of the partnership. They are focused on two regions.. Yorkshire and the South West. b. Review of activitie$ Reach Chlldr•n'$ Hub We have continued to operate fuly throughout the past year. despile the ongoing impact of the pandemic and the changing restrictions. We have Continued to listen to the nee(1s of our community. to ensure our actions and activities are driven by what people are telling us rnatters rrrtjst to Ihem and their families. This has often meant adapting our offer, for example njnning sessKsns online or outskye and putting additional measures in place lo keep everyone $afe. wthoul ever corryrorni￿ng on the quality of provision or our re￿tional interactions. We believe that increasing parentsF wI￿nCe capa¢)ty. and reduciry Stross factors and adversity. wll lead lo better long term outcomes for chilllren and people. Feedback from parents has been overwhelmingly positive and is refiective of the impacl we are having in-line wsth this theory of change. Parents report Ih8t engaging with Ihe Reach Children's Hub over a period of time leads to.. Lower stres5 ￿Ve1$- Better und¢￿tandIng of child development and their role in supporting this: Increased o)nfidence io implement new strategies: An abilty lo r￿QgnISe positNe changes in thwr chld's developmert Stronger social nelworks and supp)rt". G￿ater awareness of services and opportunth.es available ￿1n their local a￿a,. Better understanding of the impact of parental mental health ￿ children and young people. Our Data and Evalualion team conducted further research to *Jentify Ihe key mechanism5 that led lo these changes and the main three mechanisms were-. The approach. personalty. compassion and kno￿ledge ofthe Reath Children's Hub team; The tsme and patience wuired to create trusts.ng and long-lasting rel8ty"onships: Flexible.and diverse groups. activitses and courses that ac(x)rwwnodale the needs, strengths and busy schedules of all families. Page 4

THE REACH FOUNDATION IA Company Limited by Gur•ntwl TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Work$knam highlights Perinatal Support 10-21 We established a referral pipeline for cMJr Perinaial offer and ￿Ceived over 170 referrals during this peri¢)d, primarily from midwives and Health Wisrtor5. We provide nurrerous opw)rtunit￿s for families to a￿sS support when they need il and are able to prowde capacity Whe￿ rt rs reqUI￿d wthin the community. We have also sustained strong relationships ￿th partners such as the Famity Nurse Partnefship. who work wth young parents and help reach a wide range of families. Early Years Worl(forc• D•Y•lopment We have successlully taken 10sludents through Yeaf 1 of the Earty Yews Foundation Degree, and.9 are starting in the next academic year. from 13 different settings in Fetham. We have consistently achieved very high results in every Kingston University student rn0dv￿ evalualion form and received posilive feedbad¢ from the core team al the University, even whilst courses had to be moved online. Feedback from the students shows how they feel even more ¢onffidenl lo '¢as¢ade' ar￿ embed what they have leaml wthin tr"r settings. which wll in tum impact 8pproxtmately 1500 children's e¥ty years in Feltham. Comrnunity Engagement We continue to work with Crtiz8ns UK to kad community organising in Feltham. Last tem), we trained a core team of parents to condud a listening campaign, focJJsing on Ihe issue of Spe¢ial Educational Needs ISENI an the challenges around earfy idenlificatsjn and support available lo families. This team lislened lo 30 prolessionals an(J 40 parents with lived experience. As a result of thÈs listening. we are planning a longer-lerm campaign but have 81$0 taken irnrnediale action to fill gaps in provision.. we offered SENsory ￿8Y sessions over the sumrner holidays- we are liaislng with Maiiorie Kinnon. a local special school, aboul working together to offer activities.,. and we are running a support wp for Pa￿nts with SEN children. which is co-led by a parent. Partn¢rshrp$ In March 2021. NPC and Collaborate provided an interim evaluation of our Feltham Earfy Leaming Community IFELCI initiative with Save the Chiklren UK. which identif*d many strenglhs.. A strong wsion shared by the Iwo lead partners, a deep ¢cKnmitment to systems change and evidence that the local team is already thinking about the sustainaknlity of Ihe work,. Significant local coordination an¢J leadership ¢apacity. a luuy-slaffed local delivery team, and a well- developtrd prryJramme of activities and local evaluation. wilh no reliance on Save the Children UK staff to drive pr￿re$S or activities- A focus on listening to parents. involving them in the FELC'S work and developng new services in response to their feedback. ￿uS steps to work n dose partrership wilh pafenls lo set Ihe strategic direction of the ELC. and A deep ¢uliure of leamin9 and reflection, wih lots of time for this built intr) regular acttvities. and a well- developed f￿u$ w strengthening local data sharing plans. In April 2021. we fomied a new community partnership with Royal Holloway University of London to enable young people attending schools in Fehham to 8ccess expert support their progressKsn to university. Young people in Feltham are far less likely to prcrfJ¥ess lo higher education than their pe￿S in other parts ol the borough or London. However. we believe that by working wth an excellent local university. we will be able to address the barriers facing our youThJ people and support them to enjoy lives of choice and oppcfftunity. Royal Hollow8y are committed to supporting student5 regardless of the university they ￿teThJ to apply to. Page S

THE REACH FOUNDATION IA Company Limit•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Feltham Convening Partn•rship The FCP is tying lo understsnd the r￿1 ¢aLrses of problems that worsen outcomes for babies. children and young people living in Feltham. Once these root causes are idents'ffied. the Partnership works to collectively address them over the long-temi. This is known as collective impact. The Partnership is made up of Peop￿ from the local area who are in a position to influence the lives of 0-21 year olds. This includes earty years professionals, sch¢x>ls. statutory seThi¢es. bu￿nesses. charities. lo¢al residents. parents and young people. We know that the local system is currently wc¥kn"ng well for many. However. by ta¢Wing the rc￿ causes of the problems ttrJ8ther, rather than their symptoms, the FCP aims to change elements of the b￿1 system that a￿ nol working for some babies. chIld￿n and young people. The majority of these FCP partners have lived and worked in Fertham for many years and have listened to many people in the community - local re￿dents. parenls. community leaders, young people. They have frequently heard concerns that many young people in Fellham do not achbeve the same outcomes as young people in other part5 of Hounslow and London. Residenls are concemed that there is not much for young people to do, parents are worried about their thildren's he8hh. ¢¢ynmunity le3¢Jer$ 8re wottied aboul the future of the neighbourhood. and young peotAe are worried atout their friends. The slatistics also confirm Ihi5. Forexample. only 20% 01 young people go to university frorn Fellham West in comparison to 75% in Osledey at the other end ofthe borough, and the percentage of pupils who a￿ not in education. employment (x training INEETI is far higher in the west of the borough. as is the percentage of residents with a level ol education. skills or training. Therefore. we know there is a need for this work in Fellham. Scbo•15 Eartyythys F4sth Impxtrt4500 hital ¢NIdreh¥¢yè￿% Felth•m C•n¥enl PartheV￿Ip ￿￿5[ Health 19•rganisation5 9 5ector5 i•¢Authwi IcAMM5 Furth*rErtutagltsn c￿￿le Parentyyouni PeoplE We are measuring FCP'S progress through our theory of change ￿Jtcomes. The latle below show$ how the partnership is moving towards its longer4erm oulo)mes. highlighting where it is on track. These outcomes and actions are infomed by the StriveTogether Theory of AC￿n. Page 6

THE REACH FOUNDATION IA Company Llmit•d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 FCP Theory of Changè Intemiediate Outcomes Whal FCP has done so far (Inforni￿ by Iho Str•veTogether Emolglng Gateway act•ons} Coalitions of diverse stakeholders are working tcgether A cro$$ $e¢tor partnÈrshlp 15 developing". We have convened 42 indiwduals representing 19 institutions across 9 sectors There is collective capa(ity to impact at least 4500 thildren & YC￿ng people a¢ross the uadle-tO-¢areer spectrum- 20% of the total number of CYP in our three focus wards 87.5% of partners state they have got to know someone l*tter sin¢e being involved in the partnership Two working groups are up and running Ilmproving Mental Health & Wellbeing and Improving Posl-16 Options). Two further working groups have also recentty been esta￿1Shed focusing on Ihe Eady Years and SEND. FCP partners a aligning their goals and mobilising resources We have defined a ¢1oar geographic scope: The FCP Steering Group ISGI agreed lo fc¢us on Fèltham North, Feltham West and Hanworth Park for n(w4. This ￿preSentS 22500 of CYPS 0 - 21. W• hav• selecled community4•vel outcomes: FCP SG agreed to focus on improving mental health and well-being and developing PK)St-16 oplions in our 3 focus wards- 2 working groups IWG$l have been fomied 95% of partners have a dwp understanding of the FCP, needed for alKJning goalslresources Two other WGS a￿ forming focused on the Earty Yèars and SEND. Cross-sector leadership is developing Through th¢ worklng groups we are dèveloplng cross4ector action, led by key Indivbduals: Individuals from g sectors are invofved in decisi(￿ making Within WGS there is continuou5 signposting to roles and initiatives across the system th81 can support the implementation of the project INe are 1ntrc41u￿ng a Young Persons. Action Group to invohe YP'S decision- making High level decision-rnakers are bw"nning to approach the FCP.to w tO3elher {e.g. the leader of Ihe Hounslow Mental Health Supwl Team. the NW L￿￿On Krx)th Engagement Lead and the dedi¢ated ward off￿erS for the areal Working Group projects a mutually reinfofcing eath other and influencing behaviour in the system We are dtveloping ¢or¢ indicators to be held a¢¢ountabl• for improving ac1055 WG$.' WGS are involved in selecting indicators and are cwealing the theories of change Aclion Plan actNits"es mutually reinfcffce each other. as evidenced through the WGS theories of thange and the potential benefits WG members can have from each otherfs resouice5, expth.se and knowledge The diverse range of WG member5 is helping one another to undgrstsnd the system from differenl professional roles and perspedives Page 7

THE REACfrI FOUNDATION {A Company Llmited by Guararrtee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 FCP partners are Collecting, analysing and sharing a wbje range of high quality information about how they are workn.ng in a more joined-up way We are developing a culturn of evaluation & leaming acr055 the Working Groups- We have developed an FCP Dashboard that indudes felevafit information about our borwgh and wards. kxal assets. and a list of indicators relevant to the project. From the feedback surveys. partners have reported having a clearei picture of what prowsion is availab￿ lo¢ally and whe[8 the gaps are Feltham T*ach8r Programme The Foundation has supported the Reach Academy Trusfs teather training offer by offering a limited nuThthr of bursaries lo support non-traditional trainees. Oak Natlon¥l Acad¢my Introdu¢tlon Oak National Academy {Oakl. incubated and SUpp￿d by the Reach FcAJThJation since 2020, is a free national teachin9 ￿source and online classroom sel up in reswnse to the COVID-19 pandemic. It hosts complete lessons for ￿MOte le8min9 and flexible resources to use in the dassroom. It has received generous support from both the Department for Education and the Mohn Westlake Foundation. Oak began by creating 250 weekty lessons to keep the nation ￿aMing thr￿gh0lrt the first lockdown. Then, over summer 2020, 500 fantastic le8chers and partners linduding many from Reach Acadernyl crealed 10,000 fully- sequenced online lessons. offering a full curriculum covering EYFS to Year 11. Aksngsidg launching thesg in Oak's online classroom. in September 2020 Oak also intrcyjuced a Teacher Hub. This offers teachers flexibility inside and outside the dassr(K)m, wrth optK)ns to download the slides. work5heels. an¢J quizzes for every lesson. Disruption Autumn temi saw continuous disruption before widespread sthool do$u￿$ retumed in January 2021. Oak played a key part in supwb.ng teachers. amazing remote education efforts during this lime. Weekly classroom u5er5 rose lo 2.5 million be￿n January to March. with 934.000 leaming Oak on rts 'peak' day1121h January). 208,000 teachers used Teacher Hub each week before s¢hools fully'reopened. lo all pupils. With access lo libraries inueasrngly restricied. Oak also partnered with The National Liter8cy Trust to launch a Virtual School L￿rary. This shared a new e￿k each week, wrth authors such as Jacqueline Wilson and Konnie Huq helping to keep children reading. Oak was also successfvl in campaiwing mobde nets￿rks lo help ch)se the digital dNide by removing data costs and Charges for those leaming with Oak on mobile devices. Page 8

THE REACH FOUNDATION {A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Evolution of resourc•s Teachers have adapted their use of Oak's resoufces over the &st year. As schools lully reopened, 30.000 t8a¢hers and over 150.0￿ pupils wilinued to access Oak eath week. Research stw)wed teachers switched to u$ing Oak for. lesson planning (71% of teacher-users)- teaching in das$160%): absent pupils {53%1' Cover lessons., homework and revision- Continuous Professional Development. Extra support ongside its rm work, Oak also cdkqbwated with sectof experts and the Department for EducatK)n IDIEI to launch 27 '1essons for lTh'. This series of vide05 were designed lo support trainee teachers in observing and analysing lesson5. With attention turning to educab'on recovery. r6s(wces bolh summer s¢hools and home summer leaming were ¢reale<l. Impact and evaluation At the end of 2020121 InyctEd completed an evaluation of Oak's work. 11 found that.. in total. pupils took part in over 110 million less(￿S over the year. with teacher5 downloadin9 885.000 resources and sharing 239,OlJ) les50n links- Oak users had a ststl5tica1ly-s￿JnifiCanl h￿her well being soye.. 61 % of teacher-users sahl Oak's resources saved valuable time: 92% were satisfied or very satisfied wrth the qualty of the c(M)tent: 72% said il improved their remote lesson delrvery.. 56% said it increased the￿ confidence in ¢unirJJlurn design. Acknowledgments Oak National Academy has only been F￿SIble Ihank5 to Ihe haryl work of hundreds of teachers and educators, with support from an ￿¢redI￿e range ol schools. businesses. charities. academy trusts. publishers. professional services. ￿al govemment 8nd tethnotogy eLYnpanies. Page g

ThE REACH FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 ¢. Fundraising activiti•s and incom• 9•n•ration We have not undertaken any d1￿ct lundraising. Funding is derived from grants from Trusts and Foundations and our partnership with Save The Chil(ken. Finan¢lal review a. Going concem After making appropriate enqurries, the Trustees have a reasonable eXpeCtatiC￿ that the Charity has adequate resources to continue in operational existence for the f￿eseeab￿ luture. For this reason, they ￿ntinUe to adopt the going concem basis in preparing the financial statements. Further detaiL8 rtyardin9 thg adoption of the going concern bast5 can be found in the accounting pOl￿eS. b. Res•r4Ès policy The Truslees consider the levd of reserves on a ￿gUlar basis and are Satis￿ these are sufficient as at 31 August 2021. c. Principal risks and uncertainties The Trustees have assessed the major risks to which the charity is exposed. in partTrcular. those related lo the operations and finances of the Charity and are satisfied that systems and procgdures are in place to miligale our exposure to the map)r risks. Stru¢ture, govem•n¢e and m•n#gement a. Constitution The Reach Foundation is registered as a Charilable company limited by warantee and was set up by a Trust b. Methods of appointment or election of TTuste•s The management of the Charity is the resp￿$1￿.1￿ of the Trustees who a￿ elected 8nd ￿-opted under the terms of the Trust deed. c. Organis•tion*l structurn and de¢¢sionvm4king policles The Trustees met as a Board 5 times during the year. Changes in the Board a￿ set out on page 1. During the year, the Board also established a set of Comrrllttees lo prowde detsiled challenge and support on key areas ofthe charity's programmatic ddivery. Ed Vainker is the Chief ExecutNe Officer ICEOI. The Trustees have delegaied the day-tctrday management of the Reath Fcmjndation to Ed Vainker and his leadership team. The CEO attends the Board meetings. All Trustees give of their time freety and no Trustee remuner81ion was paid during the year. Page 10

THE REACH FOUNDATION {A Company Limiled by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENOEO 31 AUGUST 2021 d. Policlès adopted for th• Inductlon and tralnlng of Trustee$ New Trustees meet with the Chief Execvtive Officer and the Chair of Ihe Foundation to discuss their role and responsibilities. As part of iheir on boarding process the Trustees receive a governance handbook and indUCt￿n pack fiom the Clerk. Thi5 give5 an oppM)rtunty to answer any qUest￿nS and clarify the content of any written documentstton circulated to the new trustee. The Chief Executsve ensures trustees are kept up to date with any developments in law changes in ￿lUn¢t1(￿ the clerk aThJ thi5 15 achieved Ihrough briefings at the Board meetings and arvjlated written information. •. Pay poli¢y for Key Management Personnel The Trustees ¢onsiJer the CEO and the Director of the Reath Children's Hub to rwesent Ihe Executive team of The Reach Foundation. Changes to the salary ofsenKir members ofstsff tske place aftertheirannual Perforrnan￿ marwement reviews. 11 is determined by the Chair ol Trustees in Coordinatson with a commiltee of other Trustetrs. f. Related party rel•tionship$ The FoundatK)n has a Serwce Level agreement tr Re8ch Academy Trust in order to acLe$s human resources and services. Plans for futur• periods Reach Chlldren's Hub We continue to prioritise long-temi sustsinakn"lty. whilst ensuring we have sufficient capacity to me&l the growing - and changing - needs of the community. Consequwly. we have appointed the folbwing roles to help drive our work forward in September.. Health & Wellbeing Lead Fettham Futures Lead (Matemty Cover) Farnily En9agÈrnent Off￿r Associate Earty Years LectU￿r Reach Foundation As50ciale. with responsbi ility for NJurMi (Reach Onl We will also begin Iraining our firsl cLJhort ol Parent VcAunleers next temi. whowll bg responsible forco-producing and facilitaling interventionslgroups. Feltham Convenlng P•rtnership We continue to track progress against the Strive Together benthmarks for tlle 'Emerging' gateway (see detailed table above) and have also integrated toc4s and training from the Tamarack Institute and Was8firi Consulting, in order to further define the FCP appmach to collects've impact and systems d)ange. We have plans to appoint the fofiowng roles in 2022. in cKderto ensure the Planning Team has Sufficient capacity: Data and Impacl Adviser: Programmes and CorNnunities Lead. Page 11

THE REACH FOUNDATION {A Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Lead•rshlp Programmes Over Ihe COUTse ofthe next year. we will be recm￿n9 a set￿￿ cohort for Ihe SW100 Head Teacher [￿graMMe as well as developing an alumni offer. We are also exF4oring the potential to launth .100. programmes in other regions of the UK. Cradle to Car••r Partnershlps Over the course of next year. we will seek to meet the growng interest from schools and recruit an addition81 cohort of schools to join the Cradle to Career partnership. We will also begin to share leaming with local and national policymakers about the enablers and barriers to developing effective crddle to Ca￿er models of support. Oak National Academy The DfE plans to estsblish a new national. independent curricuhjm body. They have asked the Reach Foundats'on that Oak be incorporated into this new body to build on the work it has done over the past years supporting ehildren around the country. Members. liability The Members of the Charity guarantee to ¢￿In"bUte an amount not exceeding £1 to the assets ofthe Company in the event of winding up. Dlxlosure of Inforniatlon to auditor Each of the persons who 8re Trustees * the time when this Trustees. Re￿1 is approved has confirmed that: • so far as that Trustee is aware. there is no relevam a￿111 infomwtion of which the Charity's auditor is unaware. and • that Trustee has taken all the steps that ought to have been taken as a Tnjstee in order to be aware of any relevant audit infomiatson and to eslablish that the charivs aLKlitor is aware of that infonnation. Approved by order of Ihe members of the Board of Trvstees aThd s¥Jned on their behalf by: J McGoh Trustee Date.. Ti Page 12

THE REACH FOUNDATION IA Company Llmlted by Guarantsel STATEMENT OF TRUSTEES, RESPONS181LITIES FOR THE YEAR ENDED 31 AUGUST 2021 The Trustees {who are also the DireetU5 of the Charity for the purposes of eompany lawl are responsible for preparing the TNstees' Rewt and the finan¢01 sLknents in accNdance wth applicable ￿ and United . Kingdom Accounting Standards (United Kiryjdom Generalty Accepted Accountsng Practice). . Company law requires the Truslees to prepare fir￿n¢￿ stement$ for exh financial year. Under company law the TnJslees must not approve the financ￿1 statements unless they are satisf￿d that they give a true and fair view of the slate of affairs of the Charty and of ts incoming resources and appl￿tIOn ol resources, including ils income and expènditure, for that period. In preparing these financial slalemenls. the Trustees are required to.. Seled suiiable xcounling poI￿leS and then appty them conststentry. obserye the methtsjs and principles of the Charities SORP (FRS 102)," make judgements arKI xcounting estimates that are reasonable and prudenl., stale whether applicable UK Accounting Standards IFRS 102) have been folkmd. subject to any material departures dis¢losed and expL3ined in the financkil statements" prepare the financial statements on the going concem basis ￿n￿S rt is in¥proprk* to presume that the Charty will eonbnue in busness. The Trustee$ are resp(￿sID[e for keeping odequate xcountiro records that are suffi¢ient to shchv and explain the Charity's tranSact￿nS and disckxe reasonable accuracy at any time the financial position of the Charity and enable them Its ensure that the financ￿1 statements compty wrth the compan￿ Act 2c￿. They are a150 responsible for safeguarding the assets of the Charty and hence for taking reasonable steps for the prevention and detection of fraud ajvl other wregulaTrties. Approved by order oflhe Members of the Board of Trustees and syned on rts behaff by. J McGoh Trustee Dale." Page 13

THE REACH FOUNDATK)N IA Company Limlt•d by Guarnnlee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDAlloN Oplnlon We have audrted the financial statefflents of The Re￿h Foundation (the'charty) for tr ended 31 Augusl 2021 which comprise the Statement of Financial Aclivrtie5, the Balan￿ Sheet. the Statement of Cash Flow5 and the related noles. including a summary of stgnifunt xcounting policEs. The financk81 reporting framewod( that has been applied in their preparab.on is applicable law 3nd United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial RerM)rting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Ac¢epted Accounting Practi¢el. In our opinion the financial statements- give a true and fair view of the state of the Charivs affairs as al 31 August 2021 and of its incornng resources and application of resources. ineluding its inwne and expenditu￿ for the year then ended,. have been property prepared in &¢LYdar￿e wilh United lQngdom Generalty Accepted Accounlry Practice,. and have been prePa￿d in acc￿lanCe with tr reqLMrements of the Charibes Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs IUKII and applicable law. Our responsbilitEs under those standards are further described in the Auditorfs responsibilities for the audrt of the financial statements section of our report. We are independent of the charitsble company in accordance wrth the ethical Tequiremenls that are relevant to our audit of the financial stslements in the Unrted Kingdom, including the Financiai Reporbng Counufs Ethi¢al Standard. and we have fulfilled our other ethical responsibilities in accrydance with these requirw)ents. We bel¥e that the audrt evid8nce we have cJtair18d is sufficient and approprrate lo provkle a basis f￿ our ￿InIt)n. Conclu$lons relating to golng concem In auditsng the financol statements, V•t have concknjed that the Trustees. use of the going concem basis of accounting in Ihe preparatiM of the fi￿la1 5L*ements is apprwe. Based the work we have performed. ￿ have not identif￿d any material uncertainlEs relating to events or condrtions that. individualty or colleclNety. may cast signrficant doubt on the Charws abilty lo continue as a going concern for a period of al least months fr￿n when Ihe financial slalemenls are authorIs￿ for issue. Our responsib￿rtreS and the responsibilibes of the Trustees ¥￿th respect to going ￿l￿ern are described in the relevant sections of this report Page 14

THE REACH FOUNDATION (A Company Llmlted by Guarnnlee) INDEPENDENT AUDITOR'S REPORT TO ThE MEMBERS OF THE REACH FOLINDATION (CONTINUED) Other information The other infomalion comwrses the infomation included in the Annual Report other than the financial stemenls ar¥J our Auditols Report thereon. The Trustees are re5POll51b￿ fcff the other infomation contsined within the Annual Report Our opinK)n ￿ the financial ststemenls does not cover the other information and, except to the exient otherwise explicitty stated in our report, we do not exp￿$$ any fomi of assurance conclusion thereon. Our responsibilty is to read the other inforrnatKffj and. in doing so. consider sthelher the other lnfomial￿n is malerialty inconsistent the financBI swements or our knovAedge obtained in the course of the audit. or otherwise appears lo be materially missLited. If we ￿entify $Lrh material inconsistencies or appaient material misslatemenls, we are required to delemiine whether this gives rise to a material misstatement In the financial Statements themsefves. If. based on the work we have perforni￿, we conclude that there is a material misstatement of thi5 Other information, * are required to reput that fact. We have nothing to report in thi5 regard. Mattets on whlch we are requlfed lo report by exception We have nothing lo report in respect of the fdkwdtng matters thre the CharIt￿S {Accounls arKI Reports) Regulations 2008 requires us to rewt lo you rf, in our opinwjn.. infomiation gi￿) in the Tn￿tees. Report is irKonsistent in arly material respect with the financial ststements", or SLrfficient accounting records have been kept" or the financial statements are not in agreement with the acco￿ting records and returns.. or we hève not receNed al the irrfmatw)n and eWarthn5 VR require for our audit. Responsibilities of Trustees As explained more fvlty in the Ststement of Trustees. Responsibilths. the Trustees (who a￿ 81s0 the Directors of the Charity for the purpws of company lawl are responsble for the preparatw of the finan¢ial statements and for being sisfied that they give a true and fair view. ar￿ for such internal control as the TnJ$lees determine is necessary to enable the prepatatM)n of financral ststements that are free from material misstatement, whether due lo fraud or error. In preparing Ihe financial ststemenls. the Tnjslees are responsth for assessing the Charrtab￿ companls ability to continue as a g¢yng concem. disclosing. as applKable. matters related to going concem and using the going ¢on¢em basts of a¢¢ounting unless the Trustees wther intend to ￿qU￿jale the Charity or lo eease yri¢)n$, or have no realistic aliemative but to do so. Page 15

THE REACH FOUNDATION IA Company Limited by GuaraTht¢o) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION {CONTINUEDI Auditofs responsibilities for the audit of the financial statements We have been apK)inled as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or havng effecl there￿der. Our objectives arg to obtsin reasonable assurance about whether the fin￿￿la1 sLitements as a I￿[e we free from material misslalemenl. whether due lo fraLKI or error, and to issue an Audrtorfs Report that inclLKles our opinion. Reasonable assurance is a hyh kvel of assurance, but 15 not a guarantee that an audit conducted in 8ccordance ￿th ISAS (UK) wll a￿yS delect a material mi5slalement when rt exists. Misstatements can arise from fraud or error and are consKlered material rf. indiwdualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financ￿1 statements. IrregularitEs. induding fraud. are instatKes of non-complian￿ wrth laws and Tegulalion5. We design procedures in line wlh our responsibilities. cwjllined above. to detect material missLemen15 in respect of irregularities. including fraud. The extent to thich cMJr procedures are capable of detecting Irregularit￿S, inchjding fraud is detailed below.. Obtaining an understanding of the legal a￿1 regulatory frwn&vork5 that Ihe entty operates in, focusing on those laws and regulations that had a dir&t effect on the financial ststemenls". Enquiry of management to trjentfy any instances of known or suspected instances of fraud." Enquiry of management and Ihose charged wth govemanee ar￿nd actual and potential Irtigaticffb aThJ ¢kims', Enquiry of management aboLrt any inslances of non-￿mplIance Lgws and regulations.. Performing audit work over the risk of management overTKle of contmls, including testing of joumal entrtes and other adjustments for apprcpiiateness. evaluing the bu$iness rationale of signifKanl transaclions outSKle the nom)al course of business and reweing accoJnling ests"rnales for bk#" Rwewing minutes of rneeb.ngs of those charged with governance". and Reviewing financial statement dis¢h>su￿ and testsng to supwt1ng.documentat￿3n lo assess ¢rynpliance with applicable Iwms and re9ulathJns Because of the inherent k"mitatiOns of an aLKlit. the￿ is a risk that we ￿11 not delect all irregularities. including those leading to a material misstatement in the financial statements or non<ompliance %Mth regulation. This risk increases the more that complkince wrth a law or regulation is removed from the events and transa¢lions flected in the financid statements, as ￿ wll be ￿$$ likeiy to become aware of instances of non<ompliance. The risk is also greater regardir¥J irregulanb.es rtcurring due lo fraud rather A further description of ¢yJr re$Wns￿yllitieS for the audit of the financial statements is kxed on the Financial Reporting Councif$ website al. wMY.frc. .uklaudilorsres sibilth"es. This description fomis part of our Audrto¢s Report. Page 16

THE REACH FOUNDATION (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION {CONTINUED) Use of our report This report Trs made sow to the Chantys Trustees, as a body, in aCCordar￿e with Part 4 of the Charibes {Accounls and Reports) ReguUions 21J)8. Our audit vNk has been undertaken so that we might state to the Charity's Trustees those matters V•E are required lo stste to them in an Auditorfs Report 8nd for no other purpose. To the ful￿$1 exlent pemitte(I by law. we do rM accept or assume responsibilty lo anyone othw than the Charity and its Members. as a bcJy. for our audit wort. for this report or for the opinions we have formed. Rakesh Shaunak FCA Stst￿ry Auditor London. United Kingdom Date.. MHA Maelntyre H¢Alson are eligible to ad as audrtors in tem$ of se¢th)n 1212 of the Con4>an*s Act 20(E. Page 17

THE REACH FOUNDATION {A Cornpany Limited by Guarantee) STATEMENT OF FINANCIAL ACTivmES IINCORPORAnNG INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2021 Unrestricttd funds 2021 Restricted fund5 2021 Total funds 2021 Total funds 2020 Income from: Charitable activitses 1,385.067 3,393,023 4,T18,090 5,343,565 Total income 1,385.067 3.393.023 4.TT8.090 5,343,565 Expgndlture on: Charrtable actimties 1094,713 3.411,204 5.505.917 3,106,712 Total expenditure 1094.713 3.411.204 5.505.917 3,106,712 Net lexpenditureifincome Transfers between funds {709.6461 1h35.644 (18.1811 11.435.644) (727￿27) 2,236.853 12 Net.movem¢nt in fund$ 725.998 11.453.825) (727.8271 2,236.853 R•concillation of funds: Total funds brought forward Net movement in fund5 796.856 725.998 1.458.082 11,453.8251 1254.938 1727.8271 18.085 2,236,853 Total funds carAed fornartl 1.521854 4.257 1.527.111 2.254,938 The Statement of Financia A¢tivitss irKludes all gains bsses recr8nised in the year. All income and expenditure derive frM) ¢￿tin￿w¥j a¢ti¥itEs. The notes on pages 2110 32 form part of these financial statements. Page 18

THE REACH FOUNDATION . IA Company Limlted by Guarnnlee REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2021 2021 2020 Current asvts Debtors Cash at bank and in hartd 10 1.186.312 765.344 1.961,180 1.783.814 1.9S1.656 3,744,994 Creditors.. gmounts falling due within one 11 1424.S4S) {1,490,0561 Net Current assets 1.527.111 2.254,938 Total net assets 1.627,111 2,254,938 Charity funds Restrieled funds Unrestrithd funds 12 4.257 1.522.854 1.458.082 796,8 12 Total funds 1.527,111. 2.254,938 The entsty was entitled to exemption from audit urthr se¢tK>n 4TT of the Companies Act 2006. The members have not required the entty to ￿taIn an audrt for the ypar ￿ questts￿ in accordance with secb'on 476 of the Cornpanie5 Act 20CE. H￿￿ever. an audit is requi￿￿ in accordartr with seclion 144 of the Charities Act 2011. Trustees aCkno￿e their resp0nstlil￿eS for Com￿"ng tyth the requirements of the Act resped to ounting records and preparat￿ of financi￿ stalemenls. The financial slalements have been prepared in ￿Crfdan¢e wth the prowsicffls 4ph'cable to entikn.es subject lo the small ¢￿PanIeS regime. The financi statements Vwe ¥proved and authorised for issue by Trustees and signed on their behalf by.. J M¢Goh Trustee Dale. Tri The notes on page5 21 to 32 form part of these fin￿￿la1 statemerts. Page 19

THE REACH FOUNDATION IA Company Llmited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2021 2021 2020 Cash flows from operatlng actlvitles Net cash used in operating activitses 14 (1.018.470) 1,644.958 Chang• in ¢a$h and ush eqyival?nts In the year Cash and equivalents at the teginning of the ￿r 11,018,470) 1,644.958 138.856 1.783.814 Cash and ush •qui¥al¢Ats at th• •nd of th¢ y 15 765,344 1,783,814 notes on pages 2110 32 fm part cl these financi& st*ements. Page 20

THE REACH FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 General information The Reach Foundation is a Charitable crmnpany limrted by guarantee registered wrth the Charity Comrnission (Chwity Registered Number: 112￿83} and Registrar of" CoMpan￿S {Company Register￿ Number.. (65462611 in England and Wales. The address of the registered Offi￿ is gi￿￿ in the Grcwi and Charty infonnation on page 1 of these financial $￿ernents. The nure of the Charitys opwaions and princpal acvthes ¥e detailed 7hithin the Trustees Report. signffi¢anl accounting appld in the preparakn of these financial ststemenls are sel out belcw. These policies have been Consistenty applied lo all ￿ wesented unless otherwise staled. A¢¢ountlng poll¢les 2.1 Basls of preparation of ffinanclal stalements The financial slalements have been prepared in accordan￿ with the Charrt SORP {FRS 102} - Accounting and Reporting by Charities." Statement of Recommended Praclice 8pp14cable to charils P￿Paring their accounts in a¢ccKdance with the Financial Rep￿1￿9 Standard applubje in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Stsndard appI￿able in the UK and Republic of Ireland IFRS 1021 and the Companies Ad 20¢￿. The Reach Foundation meets the definiiion of a publK benefit entity under FRS 102. Assets and lialM'Ii(ies are inibally reco9nised at historrAI cost or ITan5aclion value unles5 OtheTryi5e 5tsted in the rdevant accounlir¥J poky. The financial statements have been presenled in Pound$ Stedfftg, which is also the functional CUrre￿Y of the Charrty arml are rounded to the nearest pound. 2.2 Going concern The Trnslees assess whether the use of goiry concem is approprHte i.e. whether there are any materia u￿ertaInti9s related lo events tt corn1ibL￿5 th may cast S￿nif￿an1 (loubt on the abilrty of the Charty lo continue as a going concem. The Tntslees make this assessmenl in respect of a period of at least one year from the de of authotisation for issue of the financial statements and have concluded that the Academy Trust has adequate rest)ur¢es to ¢￿tsAUe in operational existence for the foreseeable future and there are no material uncertaintses about the Chartys ability to continue as a going con¢em. thLSS they contsnue to adopt the going concern basis ol accouNing in pTeparin9 the financial statements. 2.3 Income l incc¥ne is reccgnised once the Charity has entiknent to Ihe inctyne. it 1$ probable that the income will be receNed and the amount of in￿rne receivable can be measured reliabty. Grants are included n Ihe Ststement of Finwal AdI￿S on a receivable basis. The balance of income recetved for specif¢ purposes but not expended during the pericé is shown in the ￿leVant funds on the Balar￿ Sheel. Where inccffie is receNed in advance of entitlement of receipt, it5 recognition is deferred and included in credittxs as deferrJ in¢¢)me. Where enlitlemenl occurs before income ￿ rncefyEd. the incc¥ne ts &en*d. Page 21

THE REACH FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accountlng policies (continued) 2A Expenditurn Expenditure is recognised once there is a legal or ￿n$t￿￿1￿ oblyation to transfer econom￿ benefrt to a third paty. it is prOba￿e that a transfer of ecOr￿liC beneffts wil be required in settlement and the amount of Ihe oblvjalton can be measured reliabty. ExperKliture ts classrfied by activty. The costs of each &liwty are made up of the lolal of dIr￿t costs arHI shared costs, including support eosls involved in undertaking each ath"wty. Oirecl costs attributable lo a single actiwty are allocated di￿¢11Y to th activity. Shared costs which Contribute lo more than one actiwty and svpport Costs which a not attributable lo a single xtimty are apportioned be￿ those activit￿8 on a basis coftsislent wth the use ol resources. Central staff costs are alkcated on Ihe basi8 of time spenl, and depreciation charges all¢xated on the p￿lion of the a$seVs use. Expenditu￿ on charrtable activities ts inCu￿ed on directty undertaking the xti¥ities whKh further the Charity's objectives, as wdl as any a$s￿lated support costs. All expenditure 1$ indusive of irrecoVe￿b1e VAT. 2.5 Debtors Trade and other debtors are recognised at Ihe settlement amount after any tiade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand i￿￿JdeS cash arttj $PLort4em highty liquid investments with a short maturity of three months or k$$ from the date of a¢quisitty)n or opening of the deposit or similaf account. 2.7 Llabilities and provisions Liabilibes are Tecognised Twhen there is an oblwn al the Bae Sheet date as a result of a past event. it is probable that a transfer of ecC￿orni¢ benefit will be required in Sett￿ent, and the amount of the settlement ¢an b8 estsrnaled reliabty. Liabilities are r￿ognISed at the amount that the Charty anticipates il wil pay to settle the debt or the amount it has receNed as 8dvarKed pwnents for the goods or services li must provide. Prow$ions are M￿ured * Ihe besl e$timale of the amounts requi￿ to settle the obligation. Whe the effect of the time value of money ￿ material. the provision is based on th¥ present value of those amounts. discounted al Ihe prfrtax discounl rale that reflects the risks specrfic lo the liabilrty. The unwnding of discount is recc•3nised in the Statwnenl of Financral Activf(ies as a finan￿ wst. 2A Financial instruments The Charity onty has financkal assets and financial liabilittes of a kind that qualfy as basic financial instruments. Basic financral instruments are initialty recojnised at transxtion value and subsequently measured at their settlement vaue Trmth the exception of bank kjans wthich ¥e subsequently measured at amortised cost using the eff￿tIVe inter￿t method. Page 22

THE REACH FOUNDATION IA Company Llmlt•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Accountlng pollcles (continued) 19 Financial instruments The Charity does not a material holth'ThJ in complex financial instnNnents. The Charty only holds basic Financial Instruments. The financial assets ar￿ financial liabllrt￿S of the Charity are as follows.. Debtors- tr a￿1 other debt￿$ lirKludiNJ ￿¢n￿ in¢¢MI)el are bas￿ financial instruments and are debt instruments measured at amcfftwd cost as detailed in Note 10. Prepayments are not financial instruments. Cash al bank- is claSsrf￿d as a bas financHI instrument and is measured at fxe value. Liabilities trade creditors. accruals artd olhef creditors be ¢lassrfd as financial instruments, and are measured at amortksed cost as detaiw in Note 11. Tax'on an¢J S￿la1 Security are not included in the financial instruments dis¢losuie. Deferred income is not deemed lo be a financial liabilty, as in the cash settlement has already taken pthe arHI there 15 simpty an obligaticffl to deliver charitable ser¥￿e$ rather than cash or another financial instwmenL 2.10 Penslons The Charity operates a defined contribution pens*)n scheme and the pension charge represen15 the amounts payable by the Chanty to the fund in respect.of the year. 2.11 Fund ac¢ountlng General Tunds are UnreStr￿ted funds vthich are available for use at the discretion of the Trustees in furtherance of the general objectwes of the Chanty and which have not been designated for other purposes. Restri¢leil funds are funds vthhth are to be used in aCcorda￿e with Spe¢ff￿ restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and adminislefing such funds are charged against the SPeCrf￿ fund. The aim and use of each reslricled fund is Set out in the notes to the f¥banC￿ statements. Page 23

THE REACH FOUNDATION {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 I￿Ome from charitable a¢tivltles Unr¢stri¢tèd Restrlcted funds funds 2021 2021 Totsl funds 2021 Charitable actr￿￿$ 1.385.CE7 3,393,023 4.778.090 Unrestricted fvnds 2020 Restricted funds 2020 Total 2020 Charitsble a¢tiMtses 965,135 4.378,430 5,343,565 . In¢¢xng from charitable a¢llvhles . by type Unrestricted Restrlcted fvnds funds 2021 2021 Total nds 2021 Grants Consultancy income Coxhing courses Degree fees 1.2S4.000 11.262 75.375 44.430 3.393.023 4.647.023 11.262 75.375 MN30 1.385.067 3,393,023 4.778,090 Total funds 2020 lund5 2020 funds 2020 Grants 965,135 4.378.430 5.343.S65 Paye 24

THE REACH FOUNDATION {A Cornpany Umited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysis of expendI￿re on ¢harllable a¢¢ivities - by fund Unrestricted Restrided fvnds funds 2021 2021 Totsl funds 2021 Charitable actI￿￿e5 2.094.713 3,411.204 S.SOS.917 Unrestricted ReSt￿ted funds funds 2020 2020 T¢)tsl funds 2020 Charitable acliwlies 171,364 2.935,348 3,1C6,712 Page 25

THE REACH FOUNDATION (A Company Limlted by Guarnnlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Analysis of expenditure on chaitable aciivlties- by type Actlvltles undertaken dirKtty 2021 Support ¢osts 2021 Totsl funds 2021 Charilable actmtses 5,416.261 89.6 5.605,917 AC1p￿tIeS undertaken directly 2020 Support Costs Total funds 2020 2020 Charilable xtm.ties 3.￿.238 10,474 3,106,712 Analysis of support costs Total funds 2021 Totsl funds 2020 Off￿e costs other support costs Govemance costs Hotels. travd and subsistence $80 73.734 11,069 4.273 156 6,118 4.200 Totsj 2021 10,474 Other support costs of £73,734 indudes £37.416 ￿1¢h relates to Oak National A¢adomy and £36.318 which relales to Reach Foundation. Page 26

THE REACH FOUNDATION (A Company Lirnited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Audhorfs remuneration 2021 2020 Fees payable lo the Charitys auditor for Ihe audil of the Charitrfs annual accounts Fees payable lo the Chartys auditor in respect of". All nor￿aUdit serlices not inthjgj aEM)ve 700 Staff costs 2021 2020 Wages and salaries s￿la1 $ecunty costs Pension costs 1,823.188 190.768 210.358 2.224.314 2021 No. 2020 Employees 42 The number of employees whose empw benefits lexdud*ry empbyer pension costs) ex¢eed8d £60.000 was.. 2021 2020 In Ihe band £60.C(11- £70,000 In the band £70.001- £80.000 In the band £80.001- £9).000 In the band £￿.001- £100.OLK) Of the above. the folktMrwJ pertained to Oak National Ac&lemy. £60,001-£70,OIJO-4 £70.001-£80.000-2 £80.001-£90,000-2 £90.001- £1C4),CO)- 2 Page 27

THE REACH FOUNDATION IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 Trustees. remuneratlon and expenses During the year, no Tw$lee$ received any rwnuneration or other benefits (2020- £NIL). During the year ended 31 August 2021. no Tnjslee expertses have been incwred (2020- £NIL). 10. Debtors 2021 2020 Due Ylithin one year Trade debtors Other debtors Prepayments and accfued inccme 275,933 143.352 14.235 1,803.593 910,379 1.186,312 1.961.180 Of the ab)ve, the foll0v￿n9 petsined to Oak Nationd Acaderny. Prepayments and a￿TUed inwne- £877.289 11. Creditors: Amounts falling due within ¢)ne year 2021 2020 Trade credrtor5 Other tsxation and socia security A¢uuals and deferred inc¢yne 29.811 64,463 330,271 111,421 1.378,635 424,545 1,490.056 Of the above, the folk)viw pertai￿￿ to Oak Nat•)nal Academy. Accruals and accr￿ income. £303.404 Page 28

THE REACH FOUNDATION IA Company Limlted by Guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 12. Statement of funds Statement of funds • current year Balanc• at 1 September 2020 Balan¢e at 31 August 2021 Transfer5 inlout Income Expenditure Unr•strlcted funds General funds 796.856 1,385.067 (2.094.713> 1,435.644 1.522.854 Restricted funds Oak Academy- DIE Oak Academy- Mohn Wesllake Foundation ' Save the Chik4 Lau￿U$ Sports Foundion Heathrow Communty R￿k Foundation Other rgstricted fvnding 3.047.601 13.047.601) 1.435.644 326 18,866 3,246 {1,435.644) 298.029 1298.3551 118.8661 13.246) (25.400) (17,736) 25.400 21.993 4,257 1,458.082 3.393.023 (3.411,204} 11.435.644) 4,257 Total of funds 2.254.938 4.778.090 {5.505.917) 1.527,111 General furKls are unre$lTicted funds which are aradable for use at the dixreti¢)n of the Trustees in rtherance of the general cèiectives of the Chanty and wh￿h have not tjeen designated for Other purposes Save The Children Funding: the fundin9 from Save the Children has funded the Earty Leaming Communty. which seeks to improve outc¢)mes in Feltham in the Eady Years. The Fetham Earty Leaming Communty is one of four th have ten set up. DIE Funding - Oak Academy: Ihe funding fr(m the OfE enabled Oak National Academy to be launched in April 2020 and has supported its work. Mohn We5tlake funding - Oak Academy: the grant from Mohn Westlake was lo support the work of Oak Nati¢)nal Academy from July 2020 for the next bNel¥p morrths. During the year, it was decided that there are now no lonn￿ restn"cts"ons over the use of these funds and so a transfer has been made to Move the brought foThvard to UnreStr￿ted funds. Laureus funding - this funded earty intervention activthes for young people from the Iccal communty., engaging them in sports related to improve th￿"r physul and mental wew-being and creating leadership opportunittes. PJe 29

THE REACH FOUNDATION {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 12. Statement of fvnds Icontlnuedl Stat•m•nt of funds- Prlor y•ar Balan¢8 * 1 September 2019 Balance * 31 August 2020 Income Expenditure Unrestrlcted funds General fvrds 3,085 965,135 1171.3641 796,856 Restricted funds Oak Academy- DfE Oak Academy- Mohn Wesle FouThJation Save the Chikjren Laureus Sports Foundation Mohn We511ake Foundat¥)n Heathfow Community Rank Foundation 2.213.201 1,800.000 261.782 30.C#JO {2,213.201) 1364.3561 1,435.644 (261,4561 326 111,134) 18,866 115.000) (6,510} (63.691) 15.000 9.756 63.691 3,246 15,000 4.378,430 (2,935.348) 1.458,082 Total of funds 18.085 5.343.565 13.106.712) 2,254,938 Further break¢*74vn ofthe Oak A&idemy expendiéure is 85 fo￿.. 2021 2020 Lesson devolopment Platform development School support and sectcf engagement IT and other costs Professional costs 1,761,389 499,935 297.761 119.682 110.563 1,981,821 263,789 161,544 94,027 76,376 1789,330 2,577,557 Page 30

THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 13. Anatysts of net assets between fvnds Anaty$ls of n•t a$s•ts between funds - current year Unrestri¢t¢d RestrScted funds fvnds 2021 2021 Total funds 2021 Current assets Creditors due within one ye 1,947.399 (424,545) 4.257 1.951.656 1424.545) Total 1,522,854 4.257 1.527.111 Analysls of net assets betweèn funds- prior year unreStr￿ted funds 2020 Reslri¢led funds 2020 Total funds 2020 Current assets Creditors due wrthin one 917.013 2,827,981 3.744,994 (120.1571 (1.369,8991 11.490,05SI Totsl 796.856 1.458,082 2.254,938 14. Reconclllation of net movement in fvnds to net cash Ilow fmm operating actrrfities 2021 2020 Net incomelexpendtture for the year {as per St*emeN of Financial Aclv4ities} (727.827) 2,236.853 Adjustments for: Decreasel(increase) in debtcfs Increase in creditors 10 774,868 {1.951.6711 {1.065.5111 1.359.776 11 Net ¢a$h provided byllus•d In) operating aclivities 11.018.470) 1,644.958 P￿e 31

THE REACH FOUNDATION . (A Company Limlted by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021 1& Analysls of cash and ush oqulval8nts 2021 2020 Cash in ha 765.344 1,783.814 Total ¢a$h and cash equivalents 765.344 1,783.814 ' 16. Analysis of Changes In net debt At1 September At31 2020 Cash Ilows August 2021 Cash at bth( and in hand 1.783.814 11.018.470 765.344 1.783.814 11.018.470) 765.344 17. Penslon comrnltments The Charty operates a defined conlrilyjtion pen$b)n scheme. The assets of the scheme are hekj separalety from those of the Charty in an independenlly administered fund. The pension cost charge represent5 conlrtJub"orbS payable by the Charty to the fund and amounted to £210.358 (2020 - £NIL). Contributions of £24,024 (2020 - £NIL) were payable to the fund at the Balance Sheet date and are induded in Creditors. Related party tranwtions The Charity has a servio levd agreement wth the Reach Academy Trust in order to access human resources and other seNices. During the year a to￿ of £215,C65 (2020- £281.773J was recharged by Reach Academy Trust in ￿SpeCt of Ihose seMce5. M)ne of this transfer relates lo Oak National Academy operatsonal costs for the Chanty retau*d no costs. Page 32

6th Floor 2 London Wall Place London EC2Y 5AU

T [phone] W macintyrehudson.co.uk

PRIVATE & CONFIDENTIAL

The Trustees The Reach Foundation 53-55 High Street Feltham TW13 4HU

15 March 2022 Our Ref: RS/7992686 Your Ref:

Dear Sirs

We have recently completed our audit of your financial statements for the year ended 31 August 2021. During the course of our audit work we reviewed the accounting systems and procedures operated by your company and a number of matters came to light which we feel we should draw to your attention.

We set out below a list of these matters together with our recommendations for possible improvements in the systems and, where appropriate, a note of your initial comments on these matters.

RECOMMENDATIONS

It should be borne in mind that the list of points above contain all the matters which came to light during the course of our audit work which we feel should be brought to your attention, however, it does not necessarily represent a complete list of all the weaknesses inherent in the system.

We look forward to receiving your comments on the points made. Should you require any further information or explanations please do not hesitate to contact us.

Matters arising in previous years and their resolution

Matter arising

We note that unspent income from grants was originally treated as deferred rather than recognised as income as soon as the Foundation had entitlement to it.

We also note there was some uncertainty concerning the treatment of restricted income and restricted expenditure and how best to report this particularly with regard to Oak National Academy transactions.

Recommendation

All income should be recognised in full as soon as the Foundation is entitled to it. This condition would usually be satisfied on receipt.

Following discussion with the management team a formal process for distinguishing between restricted and unrestricted has been established and management reporting will separately identify this in the future.

Management response

There is a formal process in place for distinguishing between unrestricted and restricted funds and management reporting will separately identify this in the future.

Follow up in 2021

We note these processes have been implemented and this point is therefore cleared.

Yours faithfully

MHA MacIntyre Hudson