Company Registered Number: 06546261 Charity Registered Number: 1129683 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 *AE3J118R* 2810512025 COMPANIES HOUSE A15 #214 THE REACH FOUNDATION IA Company Llmited by Guarantee) CONTENTS Page Reference and Admlnlstratlve Detalls of the Charity, Its Trustees and Advlsers Trustees. Report 2-11 Trustees. Responslbilities Statement 12 Independent Auditor's Report on the Flnanclal Statements 13-15 Statement of Flnanclal Actlvities 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to th? Financlal Statements 19-30 THE REACH FOUNDATION (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees J McGoh (Chair of Trustees) J Acantilado (appointed 2 October 2024) N Anum (resigned 10 December 2024) J Baxter L Gledhill (resigned 3 October 2024) N Jennings A Mroz T Papavranoussis (appointed 15 July 2024) M Plen (appointed 7 October 2024) T Roberts J Tacon M Trebilco Company reglstered numbor 06546261 Charity registered number 1129683 Registered offlce Floor 5 Axiom House Feltham TW13 4AU Independent auditor MHA 6th Floor 2 London Wall Place London EC2Y SAU Page 1 THE REACH FOUNDATION (A Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Twstees present their annual report together with the audited financial statements of the Charity for the year ended 31 August 2024. The Annual Report sepies the purposes of both a Trustees, report and a Directors. port under company law. The Trustees confirm that the Annual Report and financial statements ofthe charitable company comply with the current slatutory requirements, the requirements of the charitsble company's governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletins 1 and 2. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of rnedium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities . Pollcles and oblectlves The Reach Foundation exists to ensure that every child can enjoy a life ofchoice and opportunity. The Foundation believes Ihat great schools are necessary but not sufficient to achieve this. Over the last ￿e1ve years we have shown that schools can foster seamless pipelines of cradle to career support. The Foundation calalyses action, cultivates leaders and connects people and institutions to foster the development of cradle to career models of support for babies, children and young people. Locally, in Feltham, the Foundation works in partnership with the local community, existing institutions and local professionals to deliver an integrated pipeline of support for children and families that complements the work of local schools. The Feltham Convening Partnership - a cross-sector community partnership to improve outcomes for babies, children and young people - alongside our sister organisation, Reach Schools, represent our local 'cradle to careerf model. The Foundation is now working nationally to cultivate, connect and catalyse leadership. This includes delivering four regional leadership programmes. in Devon and Cornwall. the West Country. Yorkshire and the East of England, an aspiring Trust leader programme, and a senes of institutional partnerships that are supporting the ' development of cradle to career models. In September 2024 Ihere were more than 50 of these partnerships all around the country. The Foundation continues to foster innovation to ensure babies, children and young people growing up in cornmunities, which have been historically underserved or disadvantaged, are better supported. The programme that launched lastyear, 'Languages forAII', is now up and running in the borough of Hounslow and the Foundation is working on setting up a degree programme to support the nOn￿raduate workforce and accelerate their career development. Page 2 THE REACH FOUNDATION IA Company Limlted by Guarantee TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Objectives and aclivities (continued) b. Strategles for achieving objectives The Charity seeks to enact systems change through local action. We identify and nurture community leaders who create the conditions for others to flourish. We have identified the following ingredients to develop cradle to career models.. Strong leadership that guides vision, builds trust and fosters collaboration., A skilled, motivated workforce is critical to delivering high quality support., Access to fresh ideas and evidence informed emergent practices; and Dedicated investment to strengthen l¢xal systems. Our theory of change focuses on cultivating the workforce and leadership required for cradle to career models to thrive, connecting people and organisations to lead change locally, regionally and nationally, and catalysing local cradle to career models of support. c. Activities undertaken to achieve objectlves In order to deepen our impact in Feltham.. Our team have been seconded to lead the development of Parent and Infant Relationships Service as part of the Family Hubs programme in Hounslow We have continued to build a pipeline of workforce developmenl in Feltham., The Foundation has developed the collective impact work within the Feltham Convening Partnership., We have had representation on multiple local strategic and operational boardslcommittees, for example: Hounslow's Early Help Partnership, Localities Community Hub Project Board, CYP Scrutiny Panel and the Parent Carer Forum., and There has been work to further develop the Languages for All initiative in Hounslow, to ensure more young people in the borough can study languages at A-level and beyond. To grow our impact beyond Feltham.. Our team delivers aspiring Headteacher programmes (the X100s) across a number of regions around the country., We deliver an aspiring Trust Leader programme focused on the concept of'breakthrough, leadership of Trusts. We run the Cradle to Career partnership, a bwo-year structured programme that supports groups of schools to build the coherence of the educational offer in their communities. d. Grant-making policies The Foundation does not currently make grants and therefore has not formulated a policy in this area. e. Volunteers The Reach Foundation is not currently working with any volunteers. Page 3 THE REACH FOUNDATION (A Company Llmited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Objectives and activities {continued) f. Maln aetlvltles undertaken to further the Charlty's purposes for the publlc beneflt Over the course of this year, the Foundation has: Integrated our perinatal offer into the Local Authority's Family Hubs 'Start for Life. service. as the Parent and Infant Relationship Service (PAIRS)., Expanded our Foundation Degree offer for local practitioners to include a Special Educational Needs In Practice course (Kingston University), wilh staffing and recruitment completed for a September 2024 siart., Continued to convene over 100 cross-sector stakeholders on the Feltham Convening Partnership's priority areas and train young leaders., Embedded a structured programme of support for schools and Trusts interested in developing their own Cradle to Career model, and Delivered successful cohorts of'south West 100, {SW100) and added new x100 programmes in Yorkshire and the West Country. Page 4 THE REACH FOUNDATION (A Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and performance a. Key performance Indlcators Dlrect Delivery in Feltham Successfully integrated our perinatal offer into the Local Authority's Family Hubs'start for Life, service, and recruiled a number of key roles to the Parent and Infant Relationship Service (PAIRS) team including.. the PAI RS Lead, a Workstream Development & VIG Specialist. Parent Infant Psychotherapists and PAIRS support worker. Continued to deliver and expand Dads, Group, Baby Massage, Baby and Toddler TLC groups, Stay & Play and Family Links courses in order to improve access and availability across the local area and in all three Hounslow Family Hubs. Grew and embedded our Early Years, workforce development pipeline by delivering Kingston University's Early Years Foundation Degree, adding a Level 2 Childcare diploma course to enable progression for Level 1 learners, and introducin9 Kingston's SEN In Practice Foundation Degree. Engaged directly with 86 young people from S local secondary schools in a range of programmes, including the Summer Leaders & Researchers Programme,. the Hawk Apprenliceship Training Programme., community organising with Citizens UK., and alumni activities. Convened 30 local community representatives in monthly meetings to explore setting up a Feltham Town Council,. connected with external experts lo help co for the year ended 31 August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {Uniled Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the Charity's affairs as at 31 August 2024 and of its incoming resources and applicaiion of resources, including lis income and expenditure for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the reqU1￿MentS of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those Stsndards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslon8 relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in.the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as going concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sects'ons of this report. Other Informatlon The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contsined within the Annual Report, Our opinion on the financial statements does not cover the other information and, except to the extent othe￿iSe explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the fjnancial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we a￿ required to report by exception Page 14 THE REACH FOUNDATION IA Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION (CONTINUED) We have nothing to report in respect of the following malters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion- the information given in the Trustees, Report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounts'ng records and retums., or we have not received all the information and explanations we require for our audit. Responslbilities of Trustees As explained more fully in the Statement of Trustees, Responsibilities, the Trustees (who are also the Directors of the Charity for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Truslees determine is necessary to enable the preparation of financial statements that are free from rnaterial misstatement, whether due to fraud or error. In preparing the financial staternents, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations. or have no realistic allernative but to do so. Audltor responsibilities for the audit of the financlal statements We h8ve been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Page 14 THE REACH FOUNDATION (A Company Llmited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION (CONTINUED) Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misslatements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecting irregularities, including fraud is detailed below.. Obtaining an understanding of the legal and regulatory frameworks that the entity operates in, focusing on those laws and regulations that had a direct effect on the financial statements., Enquiry of management to identify any instances of known Of suspected instances of fraud., Enquiry of management and those charged with governance around actual and potential litigation and claims., Enquiry of management about any instances of non-compliance with laws and regulations: Performing auditwork over the risk ofmanagement override ofcontrols, including Ihe testing ofjournal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions oulside the normal course of business and reviewing accounting estimates for bias: Reviewing minutes of meetings of Ihose charged with governance., and Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Because of the inherent limilations of an audil, there is a risk that we will not delect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulalion. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial slatemenis, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This descriplion forms part of our Auditor's Report. Use of our report This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's Trustees those rnatters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its Members, as a body, for our audit work, for this report, or for the opinions we have formed. Rakesh Shaunak FCA Statutory Auditor London, United Kingdom Date.. 28 May 2025 MHA is the trading name of MHA Audit Services LLP. a limited liability partnership in England and Wales (registered number OC455542). Page 15 THE REACH FOUNDATION (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Total lunds 2023 Note Income from: Donations and legacies 1,174 1,174 20.298 Charitable activities 2,308,430 428,072 2,736,502 2,324,489 Total Income Expenditure on: 2 309 604 428 072 2 737 676 Charitable activities 2,126,133 448,758 2,574,891 2,869, 183 Total expenditure 2 126 133 2 574 891 2 869 183 Net movement In funds Reconciliation of funds: Total funds brought fopward 1,375,295 214,596 1,589,891 2,114,287 Net movement in funds 183,471 (20,686) 162,785 (524,396) Total funds carried forward The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing operations. The notes on pages 19 to 30 form part of these financial statements. Page 16 THE REACH FOUNDATION (A Company Limited by Guarantee) REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Current assets Debtors 11 240,720 340. 589 Cash at bank and in hand 16 1,664,207 1,492,509 1.904,927 1,833,098 Creditors: amounts falling due within one y&ar 12 {152,251) (243,207) Net current assets 1,752,676 1.589,891 Total net assets Charlty funds Restricted funds 13 193,910 214,596 Unrestricted funds 13 1,558,766 1,375,295 Total funds The ents'ty was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the entity to obtain an audit for Ihe year in question in accordance with sects'on 476 of the Companies Act 2006, However. an audit is required in accordance with section 144 of the Charities Act 2011. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entits'es subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Page 17 THE REACH FOUNDATION (A Company Limlted by Guarantee) REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2024 J McGoh Trustee Date.. 2810512025 The notes on pages 19 to 30 form part of these financial statements. Page 17 THE REACH FOUNDATION (A Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Note Cash flows from operating activities Net cash used in operating activities 15 171,698 42.521 Change In cash and cash equlvalents In the year 171,698 42,521 Cash and cash equivalents at the beginning of the year 1,492,509 1,449,988 Cash and cash oqulvalents at the ond of the y•ar The notes on pages 19 to 30 form part of these financial statements Page 18 THE REACH FOUNDATION (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General information The Reach Foundation is a charitable company limited by guarantee registered with the Charity Commission (Charity Registered Number.. 1129683) and the Registrar of Companies (Company Registered Number. 06546261) in England and Wales. The address of the registered office is given in the Charity information on page 1 of these financial stalements. The nature of the Charity's operations and principal activities are detailed within the Trustees Report. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless othep4vise stated. Accountlng pollcie8 2.1 Basls of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial Statements have been presenied in pounds sterling, which is also the functional currency of the Charity and are rounded to the nearest pound. 2.2 Going ¢oncern The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessmenl in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the Charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the Charity's ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements. 2.3 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balan￿ Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Vthere entitlement occurs before income is received, the income is accrued. Page 19 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024 Accounting policles (contlnued) 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis Consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Debtors Trade and other debtors are recognised at the settlement amounl after any trade 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 includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Vvhere the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.8 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 20 THE REACH FOUNDATION (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies (continued) 2.9 Financial Instruments The Charity does not have a material holding in complex financial instruments. The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows.. Debtors- trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 11. Prepayments are not financial instruments. Cash at bank- is classified as a basic financial instrument and is measured al face value. Liabililies- trade creditors, accruals and other creditors will be classified as financial instrumenls, and are measured at amortised cost as detailed in Note 12. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument. 2.10 Operating leases Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term. 2.11 Penslons The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 2.12 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial siatements. The level of reserves shown at year end within these financial statements reflects the approach to income recognilion and accruals accounting that is followed by charitable entities. It includes funds that have been received during the 2023124 financial year, to be put towards expenditure on planned core activities within the upcoming financial period, and therefore a portion of these reserves is designated to be spent in 2024125. Page 21 THE REACH FOUNDATION IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Donations UnTrstncted funds 2023 Total funds 2023 Donations Income from charitable acllvltles Unrestrlcted Restrlcted funds funds 2024 2024 Total funds 2024 Charitable activities Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Charitable activities Page 22 THE REACH FOUNDATION IA Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income from charitable actlvltles - by type Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Grants 1,680,053 157.100 1,837,153 Consultancy income 186,193 270.972 457,165 Coaching courses 442,184 442,184 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Grants 1,212,677 547.366 1. 760.043 Coaching courses 484,846 79,600 564,446 Analysls of expenditure on charitable activitles - by fund Unrestricted Restricted funds funds 2024 2024 Total 2024 Charitable activities Unrestricted funds 2023 Restricted funds 2023 Total 2023 Charitable activities Page 24 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysls of expenditure on charitable actlvitios - by type Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Charitable activities Analysi8 of 8UPPQrt costs Total funds 2024 Total funds 2023 Office costs 156,261 184, 529 Other support costs 3,453 4, 739 Governance costs 15.952 14.704 Total 2024 Page 24 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Audltor's remuneratlon 2024 2023 Fees payable to the Charity's auditor for the audit of the Charity's annual accounts 8,000 7,500 Fees payable to the Charity's auditor in respect of: All non-audit services not included above Staff costs 2024 2023 Wages and salaries 1,250,871 588.354 Social security Costs 138,800 96,005 Pension costs 130,151 96,086 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Employees 30 19 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60.000 was: 2024 No. 2023 No. In the band £60,001- £70,000 In the band £70,001- £80,000 In the band £80,001- £90,000 Page 25 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 In the band £90,001- £100.000 In the band £130,000 - £140,000 Page 25 THE REACH FOUNDATION (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 10. Trustees, remuneration and expenses During the year. no Trustees received any remuneration or other benefits (2023- £NIL-). During the year ended 31 August 2024. no Trustee expenses have been incurred (2023 - £NIL). 11. Debtors 2024 2023 Due wlthln one year Trade debtors 240,340 231,493 Other debtors 380 6, 633 Prepayments and accwed income 102,463 12. Creditors: Amounts falling due withln one year 2024 2023 Trade creditors 4,704 92,691 Other taxation and social security 37,457 26,380 Other creditors 17,239 8,373 Accruals and deferred income 92,851 115,763 Page 26 THE REACH FOUNDATION (A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Statement of funds Statement of funds - current year Balance at 1 September 2023 Balance at 31 August 2024 Income Expendlture Unrestrlcted funds General Funds - all funds 137529 212613 2309604￿ 1 $58 766 Restrlcted funds Save the Children 102,956 (102,956 Other restricted funding 20,019 30,644 {50,663) The 88 Foundation RAF teaching training burseries 1,334 (1,334) Feltham and related local authority projects 163,643 271,472 (241,205) 193,910 SHEL Project 29,600 23,000 (52,600) 214,596 428,072 (448,758) 193,910 Balance at 1 September 2023 Balance at 31 August 2024 Income Expenditure Total of funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes Save The Children Funding: the funding from Save the Children has funded the Early Learning Community. which seeks to improve outcomes in Feltham in the Early Years. The Feltham Early Learning Community is one of four that have been set up. Feltham and related local authority projects-. these relate to specific educational projects. Page 27 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 "13. -"Statement of funds (continued) Statement of funds - prior year Balance at 1 September 2022 Balance at 31 August 2023 Income Expenditure Unrestrlcted funds General funds 994 1717821 1721520 137529 Restricted funds Oak Academy - DfE 690, 711 (690, 711) Save the Children 293,250 (293,250) Other restricted funding 44,582 (24,563) 20,019 The 88 Foundation RAF teaching training burseries 50, 000 (48,666) 1,334 Feltham and related local authority projects 254, 116 (90, 473) 163, 643 SHEL Project 29, 600 29, 600 735,293 626,966 (1,147,663) 214,596 Total of funds 14 Page 28 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 14. Analysis of net assets between funds Analysls of net assets between funds - current perlod Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Current assets 1.711,017 193.910 1.904,927 Creditors due within one year (152,251) (152,251) Total 1 S. Reconciliation of net movement in funds to net cash flow from operatlng actlvltles 2024 2023 Net incomelexpenditure for the period (as per Ststernent of Financial Activities) 162,785 524, 396) Adjustments for: Decrease in debtors 99,869 1.676,260 Decrease in creditors (90,956) (q, 109,343) Net cash provided by operating activities 16. Analysis of cash and cash equivalents 2024 2023 Cash in hand 1,664,207 1,492,509 Total cash and cash equivalents Page 29 THE REACH FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 17. Analysis of changes in net debt At1 S•ptember 2023 Cash flows At31 August 2024 Cash at bank and in hand 1,492,509 171,698 1,664,207 18. Penslon commltments The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charily to the fund and amounted to £130,151 {2023- £95,086). Contributions of £18,811 (2023 - £14,255) were payable to the fund at the Balance Sheet date and are included in creditors. 19. Operating lease commltments At 31 August 2024 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows.. 2024 2023 Not later than 1 year 24,000 32,000 Later than 1 year and not later than 5 years 24, 000 20. Related party transactions The Charity has a service level agreement with the Reach Academy Trust (now renamed 'Reach Schools,) in order to access human resources and other services. During the year a total of £350,000 (2023 - rJ50,000) was recharged by Reach Academy Trust in respect of those Servi￿$. Page 30