Company Reglstered Numbef: 06546261 Charity Reglstered Number.. 1129683 THE REACH FOUNDATION (A Company Llmlted by Guaranlee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 THE REACH FOUNDATION IA Company Llmlt•d by Gtsarante•l CONTENTS Refer•nc• and Admlnlstratlv• D•talls of thè Charlty. Its TN$t••s and Ad¥l$•Ts Trust•ès' Rèport 2-12 Trustses. Responslbllltl•s Stat•m•nt 13 Ind•p•nd•nt Audltorf$ Report on th• Flnanclal Stat•ments 14-17 Slat•m•nt of Flnanelal Aetlvltl•8 18 8¥l¥n¢• Sh•ot 19 Stat•m•nt of Cash Flows Notes to th• Flnanclal St•t•m•nts THE REACH FOUNDATION IA Company Llmtted by Guarantee) REFERENCE AND ADMINISTRATfvE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustees J Baxtef N J•nnings J McGoh T Roberts J Tacon M Trebiko L Gladhill {r8slJn8d 3 O¢tobar 20241 A Mroz N Anum (resigned 10 December 20241 T P8pavranou$51518ppointed 15 Juty 20241 J Acanblado lapprynted 7 Oclober 20241 M Plen lappointed 7 October 20241 E M¢Sorfey18pw"nled 11 Juty 20251 G Harve￿BreW1n (appointed 11 July 20251 H Rafferty lappointed 23 October 20251 M Englard lapwnlod 11 July 2025 Company r•glst•r•d numb•r 06546261 Charlty r•glst•r•d numb•r 1129683 Rggl¥tgred office Axiom House Fellham TW134AU Ind•pond•nt audltor MHA 6th Floor 2 London w￿1 pface London EC2Y SAU THE REACH FOUNDATION IA Company Llmited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees p￿sent Iheir annual wort tctyJether wilh Ihe audited finanoal statements of the Charity lor the year ended 31 August 2025. The AnnLtal Report serves Ihe purposes ol both a Trustees. report and a DirecioTs' report under company law. The Truslees confim Ihat the Annual Report and financial statements ol the charitable company comply wlh the current $talutw requirements, th& requirements of the ¢haritsble companrfs governing d(XtJmenl and the provi5K)ns of Ihe Slalement of Recomm8nded Pr8Ctice ISORPI applicable lo charities preparing their accounts in accordance wlh the Financial Reporbng Slandard applicable ID Ihe UK and Republic of Ireland IFRS1021 leffectsve 1 January 2015) as amended by Update Bulle￿n$ l and 2. Since the Charity qualthes as small under section 382 01 the Companies Ad 2006, the Stralegtc Report r¢quir8d ol rnedium and large cornpanie5 under Ihe Companies Act 2(#)6 (Strategic Repxjrt and Directors. Rep¢)rtl Regulations 2013 has been omitled. Obl•etlv•s and oetlvltl•$ a. Pollcl•s And obJèctfv•s The Reach Foundation exists to ensure thal every child can enjoy a life of choice 8nd opportunity. It is founded on the belief thal great schools are necessary t¥Jt not sufficlent. For babies. chlldren and young people lo thdve, tr￿Y ￿quIre coherenl conslstent. connect8d systams of SUP[￿ frorn cnd18 to career. The Foundatlon works wllh le0de￿. communillas and org8nlsations io help bulkj these S￿leMS of support. Its work centr8s on three C￿lm11m•nlS.' cultivatiry b)Id. v8lue$41rNen leadership.. conn8ctin9 pe￿ts. Ideas and nstilulion$', 8nd ealalysing placo-bas8(I p•rtnerships that slréngth•n the support sunounding ehlldren and famil¥•s. In Feltham. the Foundation works in lon*ierm parlnership wlh Ihe kxal wmmunity io build 3n integrated cradle- Iovcareer model. The Fellham Convening Partnership brings logether organisalKJll5. Serv￿$, residents and practs'lioners to improve outcomes for babies. chIld￿n and s*Jung people. Alongside its sister organisalion, Reach Schools. this Trpre￿nts the Foundation's most d&velop8d local model. demonstrating what becomes posslblè wh8n schcds arè supported by strong sumyuThJlng systoms. Nalonally, the Foundatb)n now ¢uMNate$. conne¢ts aNJ Catal￿ Igadgrshlp a¢rr)s$ England. Thls k)¢ludg$ dellvering five regional 5th001 leadership progr8mmes-in Devon and Comw811, thg West County. Yorkshlra. the East of England and Grealer Manchester-al0ng5￿e an aspiring trust-leader progr8mme and a wdenir@ Sgt of long-lerm institutional partne￿h1pS. By September 2025, the FOUnda￿On wa5 working with rnore than 70 partners across the country. supportin9 bcat areas to des￿n. tes( and strengthen cradle.tOllcareer approaches rooted In plae•. Thè Foundatth ¢onlinues to develop 8nd l¢Jl new of support lo bgtt&r $¢No ¢hildr¥n in und&rsgrved Cornmunilies. Languages for programrne to vAden 8¢cesS to language leamirbg through partnershlp$ befvleen schods and universibews flourishing in Hounslow and preparing for nation81 wansion. Th$ Foundalion is also developing a new highefoducation offer io help build a more coherent and connected children's workforce. This work alms to create accessNI e. rio4Jrous pathwa￿ for non¥raduate practilioners, ssjpportlng thoir eareer progross￿n and streThJtheniThJ the l￿d￿r worklorce Ihat chndren rely on. Page 2 THE REACH FOUNDATION IA Company Llmlt•d by Guarante•) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 202S Obj•¢tiv•s and activ5tles {contlnued} b. 8tr*egio5 for achl•vlng objectives The Chartty 3eek5 lo enact system5 Change through local aclion. We identfy and nurturè comrnurily leaders who create the conditions fo¥ others lo flourtsh. We havè Identified the followng ingrediènt5 to develop cradle to ¢ar8ei models.. Strong leadership Ihal guides vtsion, bulkts trust and foslers collaborallon.. A skilled. molivaled worklorc& is crit￿1 to delivering hHJh quality support: Access to Iresh ideas and evidènce infonned ernergent praclices., and D#diealèd investmenl to strengthen I￿1 systems.. Our thèory ol change Iocus8s on cultlV8ting the work10￿e and 1$8der5hip ￿qUI￿d for cradle to ¢areef models lo thrive.. connecting peopl8 and organisations to kad change loc81ty. regionally and nAtionally, #nd c8talysin9 local ¢radle to career m&dels of supwL Pag8 3 THE REACH FOUNDATION IA Company Llmltgd by Guarnnt••) TRUSTEES, REPORT ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2025 Oblectlves and actlvlties Icontinuedl c. Actlvltl•s undertaken to achSevo obj•ctiv•s We successfully delivered on the priorities set for 24-25". We successfully lulfilled our commtssion by Hounslow Local Authoritylo develop and impl8mènl a Parent 8nd Infanl Relationship Semce model across three Family Hub IcKalib'es,' we cwroduced and fa¢llhated rang¥ of different Famlly Hub workforce development actiwties to convene and ioiTrup thg ¢ros$-s¥¢tor services.. arKI ￿ host9d hall-tgrmly Par6nt Carer Panals across the three sites. Our EY and SENIP FOur￿allOn Dggre& ¢¢horts SuC￿SfullY completed their Level 5 courses in June 2025 and progre55ed onlo the topyear with Kin9StLY) Unwetsity or professional pathways within their inslilutFons' our Cohort of Level 1 Childcartr students a150 successfully achieved their diploma certificates: our sludenls, former graduates and tutors all conln'buled lo th¥ ¢fydes9n and development ol the Foundation's new Higher Education Institute offef. Languagos for All ILFAI established a Hounslow Hub after successful rollvout ol thg first pilot year and appointad a Hub Man8￿r. hosted by Raach Schools. to offiwlly stsrt in September 2025.. LFA also ¢onvgn8d $t8kohold8rs In th8 Soulh W￿1 to esta￿•sh a 2nd Hub In Exeter. whlth will18un¢h 2>26. In order to d¢¢pon our Impact In F¥Mham'. Dlfferenl members ol the le•m undertook prof•s$King1 l¢ad8tsh* development opportunlties includlng.. The Emergln9 L&ad&rshlJ Programme completed 24.25 A Mlllion Realitses Fellowship to be completed 24-26 A Churchill Fellowship to be compleied 2>26 NCFE L3 CertT'ficate in Assess￿g Vocatyonal A¢hiev¢mont ¢ompl¥t8d 24-25 We also repmsenled the Fcwjndalion and pafbopated in the lollowirg activi￿. In ordgr to laam and shar• leamings Irom our work In Feltham and inlluence the sy6tern mty¢ wddy.. National EY Community of Practice latyll1at￿ by Place Matte Hounslow's Earfy Help P¥rtnershlp Board Fair Edu￿tion Allian¢e workslTeams Cpn Eady Yeats and systeff￿ Change DCMS Youth Sector Interactton cross.secior thisory gr￿Jp Global Teach for AM Convening Inquiry d. Grant4naklng pollclfrs During the star, the Injstees apwoved a r￿ Grant Makiny FWW h) preparation for allocating a new grant funding stream. The policy en$U￿S thal the tharitys fvnding dgrA5ion$ ar8 transparent. consistenL and ali9ned with our charitable o*ecbves. è. Voluntèérs Th& Reach Foundation Is ojffenty wothng with any￿￿nIe￿$. P&Je 4 TrIE REACH FOUNDATION IA Company Limited by Guarante•l TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 ObJe¢tlv•s and aetlvltlès (eontinuedl f. Maln a¢tlvltl•s undertakgn to furth•rth• Charl￿$ purposes for th• publSc ben•fft Over the course ol this sexr. the FOuTrjat￿ has.. Inlegrated our pèrinatal offer into I￿ Lctal AulhoriW6 Famity Hvbs'start for Lll8' $¥rV￿e. a5 the Parent and Infant R81ationship Service Expandèd our Foundation Degree offer for local practit¢oners to indtsdè a Sp9dal Educational Needs In Practice course (Kingston Universityl- stsffing and fecnJitm6nl complotè lor a September 2024 slari Corblinued to convene over 100 tr055-sector stakeholders on th• F•ltham Convening Partnershlp's priority areas and train ￿n9 l¢aders Embedded a structured programme ofsupm SL￿5 and Tfu$ts interested in developin9 thelf own Cradle to Career model Delivered two su¢¢e551ul cohorls of SWIOO arKI added new programmes in Yorkshir¢ and the Wtr$l Country. Page 5 THE REACH FOUNDATION {A Company LSmlted by Guaronteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and porfoYmanc• a. Key p•rform#neè Indiutor• Dlr•ct D•llv•ry In Fèltham Our Pèrlnatal Lead established the firsl gv*r parenl infan¢ mult￿dISap1lnary taam in West London. offeAng univgrsal, targeted and spèdalist Support. 68tsveen Jan 2023 and end ol Augus12025. 681 parent-baby dyads accessed this support. 20 local pr8ctstponers completed qualrftcations through our wothforc• dwlopmenl off8r. EY and SENIP lound8lKsn degrees, and L•vd 1 child￿re diplomas. Studenls from the five Ictal secon¢Jary scfvjols {indudlng speaalist provision) participated in the Fellham Convening Partnershlp's IFCPI ye8r4ong Leadership and Rèsear¢h pro9ramme, as well as the 3rd Iteration of an Bpprenticeship training programme with Hawk Training, and alvmni actiwties,. ilwas also th& firgl year FCP eslablished a cohort of Mini-Lead¢rs for prima￿aged pupds. Our Social Prescribing Link Worker lor Chlldr&n & Y¢wng People completed h&r 2nd ￿ar on secondmenl vAlh th¥ Fellham, Bedlont & Hanworth NHS Primary ca￿ Nebvoth, working directly with young p￿PIe ref8rred by GPS and schools, who w•r• al risk of becomlng NEET, School4￿uSers and thtsse èxperignclng poor mental haalth. Collgctlv• Impact In Fèltham In addiQ'on Io 'cofO' Follham Convening Parlnership actiwlies (Advisory Group, Working Groups, Srnartphone and Youth Provision campaigns). this year addlts"¢x￿I CA)fieth"v& impact opportunitie5 emerged- Abund8n¢e Project Wè 8rè Qne ol five Community Research Hubs for the Abundance Proj'ect, a fundod ras*8r¢h proje¢t12024-20271 focusing on healih in¢qtJalitie5 in comrnvnities. Members of our team are working ¥longside local young peopl• ant1 pa￿￿15. as part of a multi4iscAplinary resoarch tèam. Fèltham Volcas FollowSng a seftas ol ¢ommunity consultations. a listening campoi9n and a petitson lo explore a Feltham Town C￿jnd1. as well #s mulllple meetings swlh Ihe CounLII CEO. senior officeTS and local Coundllofs. our leam ar9 now working wth a core group to tslabllsh a wmmunity interest company ICICI called Feltham Voices. The group al￿adY has a dèar community mandale. and priorities. and ho$ bdents'fied initial actions., once the CIC 15 registered in 2025. a Boartj will b& apptsinted. School and Trust L•èd•rshSp Developm•nt Programm•s RecognlsiNJ Iha ¢rucial role played by school and TnJst leadw3 in enabling all children to enjoy Iiv8s of choice and Opport￿nIty. we placed significant enorgy in 202415 lowards growThJ our leadership do￿lOpM$￿t offer. Having worked with a group ol partner schod Twsts lo develop and trial the'SW100' {a lèadèrship development rnodel grounded In strong commitment to children experienang disadvantsgo., Strong ￿gIonal and local contextual understandlng.. and buikliry relationships betsveen cohort members) we ao now set-up for nalonal grobrth havtng launched the YorkslOO' and West1(N)' and East1LXI prog18rnrne5, whilst also defivery a bespok& prograrnme lor Pernbrokeshire Country Council called the Pembs50. Two new cohorts completed the Leading fru5ts programme this year- a second in the South Wesl. and our first nats'onal cohort. The new cohorts ca)ntinued to be localty rcoted and natIr￿allY connected and a subset ol all thfee attended è leaming trip to New York as part of this experience. The str￿g neiworks and relationships between partiCiP8nts and across the cohorts. genèrated siJ¢ntficant tnlerest in oui third national cohort recruited to bagln in September 2025. We we wovd that Iwo of our alumnr have accepted their firsl CEO positK)ns. THE REACH FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements and perfom)anc• leontlnued) Cradl• to Carnar Partngrshlp Supported 50 groups of schools and MLtIts".Academy Trusts through a programmè ol support lo devèlop cradle lo career models of support for ba￿"0$. childrèn and youn9 peopl8. grounded in great s¢hotsl$. Recruited an addil'onal 30 groups of schools and Twusts toioin Ihe Cradle lo Career Partnership from September 2025. Created, fundraised for and laun¢hod thg crad￿ lo Career Acceleratorf programme ol 8¢Jpport and funding lor highest wtanlial Cradle to Career Partners. Developed a nèw conb"nuous sypporl offer for Cradle lo Career Partners called 'Connect'. To ¢aunch In Septemb8r 2025. b. R•vl•w of •etlvEtI•$ R•ach Foundatlon F•ltham workstr••m hlghllghts The Languagas lor All pllot In Hgunslow doubled thg number ol Year 12 A4evel language Students from 35 In 2022 to 81 in 2024.. th• prografflme wll also have tripled the number ol stale schools a￿? to offer A-levol langU89$ from 4 schods in 2022 to 12 in 2025. KlrrfJston Vnivtrrsity announced in 2023 that it would be dosing its Earfy Years and SENIP foundatkjn degree courses. which meanl Ihat we had no Level 4 students this year. Instead. wè concèntralod on providing 8 high quality experience lor our Level S cohorts and ensuring they compl&tsd trolr wurses well-supported. with clear'nexl steps, aThJ palhways lor progrèssion. The FCP Primary Mental Health Cluster drèw to a ¢loso In its current fom. In order ¢0 transilbn and evolve into th8 Cornmunity Action Partn8rship Panèl, ¢fyhosled Reach Schoo15 frorn Septernber 2025,. 20 siudents frnm t￿ 10¢8184¢0ndary s¢l)Trals eompleled Ihe FCP Summer Leadershlp & Res8arch Piogramme, ￿rtiCIpating in tr8intng by Represenfalion Matters and Loudspeaker. We appointed 8 new Evaluation Parlner for FCP for the final stage of the tr￿lIatiVe. Llmlna Consultlng. $peciali5ing in sy31ems change,. and We c￿hoSted our 4th annual FCP celebratlon evenl at Logic Studw) School, wth Hounslow's Promiso- Seema Malhotra MP'S borough-Tr*ride iniliatrv¢ to improve outcomes for CYP- and launched the Hounslow's Promisè AJliane•; ov&r 1Tr) p•rln?rs from acYos5 the community came together lo reconneci and r8fl8ct on the year's progre55. School and Trust l•ad•rshlp d•v•lopm•nt programm•s Recognising the cruclal rol& pla￿ by sth(x)l and Trusl leaders in onabling 811 children lo enjoy lives of choice and opportunity. wg place(J signifwl energy in 2023r24 towafds grow¢ng our leadership dèvtrlopment offer. H8wng worked wth a gmup of partner school Trusts to develop and trial the'SW1CKJ' la leadership development model grounded in sirong commttment lo childien expertenang d*sadvantsge", strong regional and local conltrxtual Unde￿lar￿lIng. building r8lab"onships beiween cohort members) we are now set-up for national growth hawng launcheil the York5100' and Wes1100' and East 100 pvogramme5, whi15t a150 delivery a bespoke prograrnrne for Pembroke5hire Counlry Council called Ihe Pembs50. We h8ve also been 8ble to buikl on leaming from the'SW100' to bjli d LeadingTwsts- a programrne for aspiring school Trust CEOS. Like'SW100". ihe Miaugural programme cohort lèunched sn the South West of England. Two new cohorts completed the progrdmme this year- a second in the &ulh We5L and our first national cohort. The nèw cohorts continued to be localty r(M)ted arKI nationally ￿nnected and Page 7 THE REACH FOUNDATION (A Company LlmltÈd by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achi•vem•nts and porf•rmancè Icontinugdl subset ofall three attènded a 1è4ming trip lo New Yi)rk as part ofthis experi•nce. Thtr stroNJ n¥twork$ and relationships between parbcipants and across the cohorts, 9ènorated signifi¢anl interest in our third national cohort recruited to begin in Septembor 2025. W$ artr pr￿Jd that Iwo ol our alumni have 8ecèptod their first CEO positions. Cr*dl• to Camr Partn•rshlp Over the course 012024125. w& supported a to¢810150 Cradle to Career Partn￿￿ to mak• s&)slanti41 progress in the developmènt of their Cradle lo Career models ol support. The partners Wofked to Increase the edueational eoherence. rd&I￿nshipS coherence and local system Coherenc• of their offer to children In their commLtnities. This has led lo partne￿ seeing stgnlficant improvement In multiple are89 01 school lif8. Irijm numbers ol children a¢xessiThJ high quality nursery educ8lltsn to improved attendance. to in¢r¢85ed vaccination rates. We also delivered an updated modd lor th¢ first time ￿ ¢naWe 9￿ater progre89 and flexibility for partners. We then recnjited an additional 30 sch¢x)l$ or groups of schw15 to join the Cfadle to Career in September 2025. creallng an ovèrall partnerS￿P ol around 70 partners across the counlry, from m￿dleSb10Ugh In th& Norlh Wg$t lo Nowquay In the Sryjth West. Page 8 THE R&4CH FOUNDATION IA Company Llmlted by Guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Achievements and p•rforman￿ (continued) . Fundraising actlYltl•s and In¢om• g•neration We have not undertaken any direcl fvndraising from the genaral publi< Our fijnding ￿ primarily derived from InMme earned from deliv8rin9 our programmes, grants from Twsts and Foundations and indlvidual donors. Flnan¢lo1 ￿¥1•W . Golng eonc•m After making approprfote ènquirlgs. the Tnjslees have a reAsonable expectation Ihat the Charity has adequ81¢ resources lo continue in opera¢¥)￿ existencè for the lor¢5ee8ble fvtU￿. For this reason, th¢y wnts'nue lo adopt Ihe golng conc•m basis in p￿paring the finanual Stslements. Further details 1•9arding the adoption of the wng COr￿M basi$ ¢an be found in the accounting policigs. b. R•s•rv•s polley The frustees conslder the lev¢1 of r¢serves on a regular basis and aro satisf+ed these are suffiuent as at 31 Au9USt 2025. The lev81 of r6s•Nè$ $h(wm al year end Mthin th•s• finanrA8151a¢ements refiects Ihe approach to in¢ome recognition and accruals •ccounting that is followed by charitable entilie5. It iThcludes funds that hav been received durin9 th• 2024125 financtal year. to b& pui lowards expendtlure on planned core activthes within the upcomlng finaneioj period, and therelore £l.SJ)Om of Ihe lolal reserves is desNJnatad to be swnl in 2025126. . Prln¢Spal rlsks and une•rt•lntle$ Thè Truslees have ass8ssed thè major risks to which the charity is exposad, Fn parliGul8r, those relaled to tho operations and finances ol th8 charity, and ale 5atisfi8d thal systems 8nd Pro￿ureS are in place to mlllgal& our exposure to the malor ￿sk$. Structur•, 9ov•rnanc• and manag•ment a. Constitution The Reach Fwndalion 15 registe￿ as a eh8ritsble company limited by guarant8• and was sel vp by a Trust deèd. b. Methods of #ppolntment or electSon ot Tnt$te¢$ The management ol lh& Charity 15 Ihe responsftyility of Ihe Trustees wtho are electod and wpled under thè tem)s ol thè Twst deed. THE REACH FOUNDATION IA Company Llmlted by Guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Stru¢ture* govern4n¢e and manag•m•nt Icontlnued) e. Orgonlsational structur• and d•¢lslon4naklng poli¢ie8 The Trusleas met a5 a Board 6 limes durfng Ihè year. Changes in the Board are set OLrt on page 1. During the year, the Board also established a ol Committees to provide more delailed chanenge and support on kay areas of the charivs wogrammatk dalivgry. Ed Vainker is Ihe Chief Ex8euUvo Officer ICEO). The Tnjstees have d¢l¥gated the day to day management of th* R&a¢h Foundatkx to Ed Vainkèr and his leadershlp ttram. Thè CEO attends the Board meetings. Trustee$ 9fve of thdr b'me freely and no Trustee remuneration was paid during ¢he year. d. Pollel•s adopt*d for lh• Inductlon and tralnlng of TFu•t•è* New Trustees meet with lh& Chief Executive Officer and the Chair ol thè FoundalK)n to dis¢u$$ their role 8nd respOns￿lI11t1*s. As part of th¥ir ontrKarding process the Trustees r8celvg 0 govaman¢a handt>ook and indvction pack from the Clfjrk. Thls gives an opportunty to answer any questions and darify the content of any written docum8ntation ¢lrculaled to the new Ifustee. The Chief ExacutNe &n$uros tru$tges are kept up to dale with any devèlopments in law chan9e5 in conjunclion wilh th• clerk and Ihls Is •¢h*vgd through briefing5 al the Board m¢gtln95 and ￿rUjIaled wrillen inforn)al￿n. •. Pay polley for k•y manJg¢m•nt Per￿nn•1 The TnJstees consider thè CEO and Ihe ExerJJlwe Directors io rnpresent thg Executlv• t8am of The Roach Foundatlon. Chang¢s to tho salary of Senior members of staff takfr pla¢¢ aftèr Iheir annual Perforrnance rnanagement revi¥ws. 11 Is determined by the Chair of Trust¢es In ￿ydInatIon with a committee of other Truslees. Pay rise5 for ¥ll $laff consldered by Tnjstees f. ftelat￿ party relatSon8hlps Th8 Foundatic￿ has a Service Level agreement wih Reach Sc*Kd$ in to 8¢cess hum8n r&wurce5 and sèNi¢e$. Page 10 THE REACH FOUNDATION IA Cornpany Llmited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Plans lor future p•rlods Our priorities in Femham lor 2025r26 arfr to= Continue to èmbed the drflèrent Workstreams into the local iftfrastrxlurè, Indijding wa￿ ofwthing, relalionshlps ond interv8ntions. in order to ensure sustainability. Continue to eonnèct and work V￿th the F0LMthtsc￿'S wthr Cradlè tts Career network. in wder to leam and $hara learnlng., Support the recruitsnenl of 8 FelthaftFbased of prac1itkjne￿tsIvd8nts once the Higher Education Inslilute is launthed in 2025- Evaluate the impact of the F￿1haM COn￿nIN￿ Partnership with LI￿na Consulting. School and Trust L•ad•rshlp Programm•¥ During 2025120￿ w& will.. Run th& follo%wng sthool leadoTrhip programmes.. Cohort S of'SW10tr: cohort 3 of Wesl100'; cohort 3 Of. Yorks100' and cohort 2 of'East100 cohort 1 of GM100 Launch Ihe second cohort ol the'P&mbs50'. in partnetshlp wilh Pembr0keS￿re County CourKil, to bulld their plpeline of future headteachers.. Support alumni ol our piogramm•s Into h&adshlp.' Develop partnerships Mlh school Trusts and local authorities in the West Mldlands to datomiing thg ppetite and deman¢J lor a pro9ramm$ tQ SllPPOrt as￿ring school leaders in the arèa Run cohort 3 01 th6 L•adingTrusts prtrjramme for aspiring Trust CEOS, cL)mprisin9 0 slngl• nalional cohort. Cradl• to Car••r P•rtner•hlps r￿rtn9 2025126 we wll: Work wth a total of 70 partn8r Sch￿15 and TrLL8ts,' Continu8 to develop our undorstanding ol hrm schr￿5 and school Trusts can play an effectlvè rolo ?8 anchor lnstltuts.ons In their cixnmunilies and wKrease the edUCal￿TraI. relatlonshlps and local sysl¥m coherenc8 of their offer to children. Roll out a nèw. on90ing offer ol5up￿ for an Crathe to Ca￿r Partnèrs ￿lled Conn¥¢t. Prowde intensive support and lunding for oui Cradle tts Career Accelerator Partners. Continue lo share with the secior loaminy fri)m the Cradle lo Career Partnership aboul the rde of schools and Trusts in provhding long-tem. rel8b.onal sUPPOrt for children and families. M•mb¢rs' IlabllSty Th& Mombers of the Charity guaiantee to contribtrt8 an amount not ox¢eedlng £1 to the assets of the Charlty In the event ofwnding up. Page11 THE REACH FOUNDATION IA Company Llmlted by Guarantee) TRUSTEES. REPORT ICONfiNUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Olsclosure ot Informatlon to audltor Ealth of the persons who are Trustees al thè li￿ %then t￿$ Tru5tees' Report is approvèd h85 confirned th81'. so far as that Trustee is aware, there Is no relevant audil infomiath)n of whlch ths ¢h8Tity3 8udl¢or Is unawa￿. and that Tfuslee has taken all the steps that ought to have been taken as 8 Tru51ee in order lo be aware ol 8ny relevant audit inforniauon and to estsNish that the charitys audltor Is avrdre of Ihal inforrnatson. Approved by ordor of th$ rnembew5 of the board of Tfusleg5 arvj signed on theif behalf by. J McGoh Trustee Date.. Page 12 THE REACH FOUNOATION IA Company Llmrted by Guarantèè) STATEMENTOF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 AUGUST 2025 The Trustees (who are ￿s0 th8 directots of Ihe Charrty for Ihg purposes ol company lawl are responsible for preparing the Trustees. Report and the financial statgrnents in accordance wth applicable law and United Kingdom Accwnting Standards IUnrte(l Kingdom Gènerally Accepted Accounting Practice). Company Iw requires the Trustees to prèparè finanual ststernents for eath finanryal . Under company law, tha Tru5te85 rnust not approve the finanual statèménts unle55 they are satisfied that they give a true and lair view of the state of affairs of the Charity and ol its incoming resource5 and applution of resourcas, including its Incomg and expenditure, for that perlo(l. In preparing these financial statements, the Trustees ara rgqulrad lo.. select suitable accounting policy¢$ and then ¥pply them conslslenuy. ob5¢rvts the methods and prinaples of lh& Charth"¥s SORP IFRS 1021., makè judgoments and accounttng eslimaies Ihat arè rèasonabltr and pwdont: stale whether applic8ble UK Accounbng Slandards IFRS 1021 hAvts been lolbwed. Subject to any rn8lerfal departures disclosed and &xplain¢d in the finanryal slalements.. prepar8 the finandal ststèmants on the going ¢oncem basis unless It Ls InapprO￿at• to presumè that lh& Charty vlll continue in bu￿n&s9. Th& Twslees are responsible for k8•plng aWuatè a¢o)unting Teg)rd8 Ihat are suffKlenl io Show aTrd 8xplaiTr the Charitys transactions and disck)s8 wilh reasonablè a¢¢Ltracy at any time Ihe financial posltion of the Charity and enable them to ensure that tha finanoal stat&m•nts Comply with the Companies Act 2006. They are also rèsponslble for safeguarding lh& assets of lh* Charlty #nd herKe for ta￿ng reasonatla staps for th8 pravenlon and detection of fraud and othèr IrregulanD"es. Approved by order of the membern of the boanl ofTrU$1￿ Sig￿ its behair ty. J McGoh Trustee Dat8.' Page 13 THE REACH FOUNDATION {A Company Llmltèd by GuaTant•el INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION Oplnlon We have audite¢J the Ilnandal statèments of The Reach Foundauon Ilhe'charftyl for the year ended 31 Au9usI 2025 whlch comprise the Statemen¢ of Financial Activities, the Balance Sheet. the Statement of Cash Flows and the ielated nol&s. including a summary of significant acctsunting Oiues. The financial reporting framework that has bèen applied in Iheir preparalton is applicablè law and United Trfjngdom Accounting Stsndards, including Financial Reportsng Stsndard 102 The Financial Rerx)rting Stsndard applKable in the UK and Reptsbb'c ol Ireland, (United Kingdom Generally Accepled A¢¢ounting Practice). In our opinion thè ffin8nrAal 5tatements.' glve a trug and faSr wiew ol the stale of Ihe ChariV$ affairs as a131 August 2025 and of its incomlng resources and applirAlion ol r930urces. induding its income •xpandrture lor the ￿#r then ended- have been prowdy pre￿re0 in accord8ne8 with United KinL*Jom Ggnerally Attepled Accwnling Praclice,. and h•vo been prepared In accordance vthh th8 wulr¢ments of the Charilles Act 2011. Bas1$ for oplnlon We conducted our audit in 3￿r￿anCe ￿th Inlemational Slandards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are luriher described in th& Audilorfs responsibililses for the audll ol Ihe flnancial stai¢m¥nls section ol our report. We are indèpendènt of th& ¢h8ritsble cornpany in accordance wlth th& ethlcal fyquirement5 Ihat are ￿levant lo our audit ol thè finantsal ststemenls in the United Kingdom, in¢luding the Financial Reporting Council's Ethical Stsndard, and we have frjlfilled our other ethical responslb41ities in accordanc6 with these iequlrèm&nts. We believe Ihat Ihe audit e¥￿enCe we havè obtainad 3ufficienl and appropdale to provide a basis for our opinion. Conelu$lon$ rolallng to golng conc•m In audltlng the financial stalemtsn15. we have conduded that tha TfUSte8s' uso of th• going ￿r￿eM ba$1$ of accounting In the preparation of the finanual statements is appropriat•. Based on Ihè work wè have perfry[￿l. ￿ have rKJl identified any matwial uncertainties ￿lating to events or condition5 Ihal, individually or collectively, may cast sKJnrfieanl doubl on the Charills ability to continue as gtyn9 ￿nCern lor a period ol at18ast twèlvè month$ frtyn w￿n the financ¥81 siatements are aulhof1s￿ for Issue. Our rasponsibdilies and the resportsibilities of the Twstees *ryth rospt¢t to going ¢on¢em afe described in the rélovant sections of this reporL P8ge 14 THE REACH FOUNDATION IA Company Limited by Guarante•) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION ICONTINUEDI other Infomiatlon The other InforTnation comprises the Infom)afjon Indudeal 5tat9ments themselves. 11, based on the work wè hav8 performed, we condud8 that there is a matedal mi$51alemenl ol this other in10m￿tion. we are f8qulrgd to ￿ph)rt Ihat fact. We h8vo nothing lo fyport In this regard. Matt•r8 on vthlch tw• •fg f•qulred lo report by •xc•ptlon We have nolhSng to report In respeel ol th* folJwrvJ m8tter8 Whe￿ the Chariltes IAccxJunts aThJ Reports) RegulalN)ns 2008 requlras us to rèport to you il. In rrtjr opinion: the Infomation grven In tha Trustoes, Roport 1$ inconsistent in any material respeci wth the financS81 8ts1omenls', or sufficlènt a¢¢ounling Te¢ords have not been kept.. or th6 finandal Ststemgnls are not in agreement with lh& accounbng rewds and retums: or we have not r8ceiv$d all ¢he information and explan8ts.ons we require our audrt. R•sponslbllltl•$ of Tru8t••• As &xplaSned more hjlly In the Slatoment of Trn$l¥&$' ResponSitMl￿es. Ihe Tnjslees (who are also the Diroctors of the Chartty for the ptsrposes of company lawl are r&5ponsible for the weparation ol th8 finandal statements and for belng satisfied that they a true 8nd fair view. and for such internal contrd as the Trusteas d8t&rmin& is necessary to &nabl¢ th¥ prsparation ol finawal stalements that are free from malorlal misstst8rn¥nl. vthoth¥r due to fraLtd or èrror. In preparfng tha financial stslements, the Trustees are responsible for assesslng thè chAri18bla companls ability to continuè as 8 90ing concem, disdosing, as applicable, mattets ietat•d to 9Otng wnrem and using the going concèrn basis ol accovnting unless the Tru5te8s either intend to liquidat¢ Ihts ¢￿tIty or to ¢ea$e operation5, or havè no re8lisl?c aliemative but lo do so. Page 15 THE REACH FOUNDATION IA Company Llmlted by Guaranteè) INDEPENDENT AUDITOWS REPORT TO THE MEMBERS OF THE REACH FOUNDATION ICONTINUEDI Audltor r•sponslblllUo5 for the audit of the financ5al statements We have been appointed as auditor undgr Section 144 of the Charities Act 2011 and report h) accordance with tho Act and relèvant regulation5 made or hawng effect thereundef. Our objectives are to obtsin ￿asOnab￿ 85suran￿ atrM)ut wheiher Ihe financial staternenls as a whole are fre from material misstatem¢nl. whgth¢r due to fraud or error. and to issue an Auditor's Report Ihal includes our opinion. Reasonablè assurance is 8 high revel of assurance. b¢Jl is not a guarantee that an audit conducted in accordance with ISAS IUKI wll alway3 delecl a matwial misslalement when it exists. Misstatamenls Can aris• from Iraud or error and are cOn￿dered material rf. 1ndMdu￿IY or in the aggrègatè, Ihay could iaa$onably b$ èxpécted to Influence Ihe economic decisions of users laken on basis ol thas8 financlal 5tatemonls. Irr8gularftl•s. kndudlng fraud. are Inslan¢es ol nOn¥com￿lance wilh laws and regLtlatknns. We d8slgn procedur8s In line with our responsibilities. outsined above. to detecl material missiatem$nls Sn ￿Spect of irTg9ularitt8$. includin9 Iraud. The exlenl lo which our P￿Ced￿￿$ ¢apaNè ol d¢l¢¢ting ifTe9ul8ritie8, induding Iraud 1$ d?lailed below.. 4 Obtalning an Understanding of tha legal and regulatory framoworks that the ¢ntity operates in, I￿91n9 on those laws and regulations that had a dirncl on the financi?1 ststemenls.. . Enquiry ol rnanagement io ￿entify any irTrstan¢es gf known or 5uspecied instances of froud., Enquiry ol management and those chargèd wlh governance eround ac¢ual and potential litigation and claims., . Enquiry ol management abtyjt any instsn¢es ol non-￿mpli￿r￿* wilh laws and regulations,. . Performlng audit work ov8r th8 risk of management ovemde of controls. induding the testing olJoumal enlri8S and other odju$lments for approprialenes$. trvaluating the business rationale of slgnlficant trarbsacJons outsldo the normal ¢ourse of business and rewewlng acLounUThJ astimatas for blas,. . Reviewing rninutes of meebngs ofthose charged with govemanc8: and . Reviewing financial slalement disclosurns and testlng to supporting do¢um¢ntation lo 0$so$8 ¢ornpllan¢e with applicable laws and regulations. 8•¢8us¢ of the inherent liMMati¢￿S of an audli there Is a dsk Ihat we wll Mt deteet 811 irwularit*$, In¢lvdSng those leading ¢0 a matersal misslalement in Ihe finanoal statements or non-¢ompli4neé wth regu18tron. Thls risk increases the more that compliance with a law or reguLation is remv¢d Irom the evonts and tr8ns8cts.ons reflected in the finanaal slalements. as we wll be fess h'kaly lo be¢ome aware of in3tsnces ol non)$lbrfiti¢s lor ttle audit of ihè finandal statements is k)cated on th& Flnanclal Reportlng cc￿n(lI,$ websito 81.. audilorsres nsibilities. Thls desthpdon forms part of our Auditorfs Rewt. P89è 16 THE REACH FOUNDATION {A Company Llmited by Guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE REACH FOUNDATION ICONTINUEDI Use of Our report Th15 report is made solety lo th& Charity$ TnJstee5. as a body, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulation$ 2008. Chjr audit work hos been undertaktrn so that we might state to tho Charitys Tfuslee5 those matters we are requi￿ to state to them in an Atsditorf5 Report and for no othor purpose. To the ftjllesl extent pèrmFtted by law, we do not accept or assume responsibility to anyone other than the Charity 8nd its Membets, as a l)ody. for our audrt wth. lor Ihis ieport. or for the opinions we have forrned. Rakesh Shaunak FCA Statutory Audjtor London. unIt￿ Kingdom Oal•.' ¥4 MHA ar¢ ¢lvJible to oct as auditors In iefms of S•dh￿ 1212 of Ihe Compank$ Ad 2006. Page 17 THE REACH FOUNDATION IA Company Llmlted by Guarantee) STATEMENT OF FINANCLIL ACTNITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENOED 31 AUGUST 2025 Unrestrletod funds 2025 Restricted fund$ 2025 Total fund 2025 rolal fufids 2024 Not• Income Irom,. Donats'ons and lega¢ie3 Charftable act1￿1&•$ 8.196 3.165.183 8,876 4.229.543 1.174 2, 736,502 1.064,360 Total Incom 3.173.379 1.065.042 4,238,421 2.737,676 Expenditure on: Charftabl• acb'vlties 2.583,632 519,895 3.083.$27 2,574,891 Total •xpondltur• 2.%3.632 519.895 3,083,527 2,574,891 N•t mov•m•nt In lund¥ 609,747 S45,147 1.154.894 162,785 R•conelllaUon of lunds: Total funds brought foThvard Nel movement In fund$ 1,558,766 609,747 193,910 54S,147 1.752,676 1,154.894 1,589,891 162,785 Total lund¥ carrled forward 2.168,S13 739.057 2,907,S70 1.752.676 The Statèment of Financial Ac¥vlll￿ Ir￿L￿$ #ll gains and los￿ reco9nis¢d in Ihe ypar. All Incc*The and expenditure darivès Irom conlinuing operafwjns. The notes on pagas 21 to 33 form part of ihese finandal statsments. Page 18 THE REACH FOUNDATION IA Company Llmlted by Guarante•l REGISTERED NUMBER: 06546261 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Current ass•t$ Debtors Cash at b8fik and in hand 11 188.880 3,047,849 240,720 1,664,2Q7 3.236.729 1.904.927 Current IlabllhS•8 Creditors.. amounts fallSrvJ dtJ8 withln r ar 12 1329,159> (152,251) N•t eurr•nt •ss•ts 2.907,570 1,752,676 Total n•t 8SStrts 2.907,570 1, 752,676 Charfty fund¥ Restricl•d funds UnreslrScted lunds 13 13 739,057 2.168.513 193.910 1,558, 166 Total funds 1907,570 1,752,676 Th& entity was entitled to 8x$mplion from audit under sectKJn 477 of th• Compan￿5 Act 2006. The members havè not rtrquired Ihe entity to obtain an audil for the ypar in question aC£O￿anCe with section 476 of the Companies Act 2ryJ6. However, an audit is required Sn accordar￿ wilh section 144 of the Chartbes Act 2011. The Tnjstees ad(nO¥￿ed9• thelr ￿sponsIbIl¢tIeS for Compl￿*￿ ¥￿th th¥ requirements of the Act raspg¢t to accounting records arxf preparation of fIr￿CIal statements. The flnancial statements have been prepared in xc£Kdance v￿th the provlslons appfic8bl¥ to enlitre5 subfrect to the small cornpanies regime. Th¥ financial statements were approv￿ and aUth￿l5ed for issue by Ihg TNstees and signed on their behaff by. J McGoh Trustee Date." The notes on pages 21 to 33 forni part of t1￿0 finanrial statemenls. Page 19 THE REACH FOUNOATION IA Company Llmlted by Guarantt•) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 202S 2Q24 Not• Cash flows from op•rating a¢ttvitl•s Nel cash used in operatsn9 activitses 15 1.383,642 171,698 Changg In cash and cash •qulv•l•nts In the y•4r Cash and cash equlval¢nts al the beginning of the year 1.383.642 171.698 1.664.207 1.492,509 Ca¥h and cash •qulval•nts •t th? end of th? year 16 3,047,849 1,664,207 The notes on pag•$ 21 to 33 lonn part of Ihesa financial ststemenls Pagè 20 THE REACH FOUNDATION (A Company LSmlt¥d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Infomiatl<)h The Reach FoundaiK>n is a chariiable company limited by guarant88 re9lsterei1 with th* Charity Commissron (Charity Registered Numb&r. 11296831 and th8 Registrar of Companies (Gompany Reoistgrod Number.. 065462611 in England an(1 Wales. Tht address of the i•gister¢d olfice is given Wi the Charity infmtion on page 1 of these financial slalements. The nature of the Charty$ operat￿S and winapal aclivillos are detailed within the Trust8ès R$port. The slgnifunt a¢¢ounting policies applied In thè preparatK>n of thes• finandal ststam&nts ar0 Set ¢yJt below. Thèga polkIè5 hav8 been conslstenuy apFli&d tts all ypars present8d unless othorwlse Slated. Accountlng poll¢le• 2.1 8a$l$ ol preparatlon of flnanclal $tal•rnent• The financial sla¢em&nts havg 1)etrn prepared in accordanco With th& Charities SORP IFRS 1021- A¢counling and Reporting by Ch8ri1ie5.' Statement ol Recommendtrd Practice applicable to charities preparing Ihelr accounts in auordance with the Financial Rèwrting Slandard applicable in the UK and Republic ol Ireland IFRS 102). the Financtal Repo￿n9 Standard appltcable In the UK and Republic ol Ireland IFRS 1021 and Ihe Companl6s Acl 2006. financial slaiements I￿ve been prwnlad in pourKl$ sterfing. whlch t$ 8l$o tho funcuonal ¢urr•n¢y of Ihtr Charity and are rounded to thg nearest p)und. 2.2 Golng ¢on¢gm The Trustees ass•$s ¥th&t￿r the usè of g￿ng concem Is appWia￿ 1.0. vthelher there are any material uncertainli¢$ rglatgd lo events or C(￿dItionS that may ¢8st significant doubt on the abllity of the Charity to Continue as a going concern. Thè Trusl•è$ make this assessment in raspecl of perKJd of at Igast ong yEar Irom the dale of authorisalion for issue ol the financial statements and have concluded that Ihe Academy Trust has adèquate resources to conlinue in operational existence Iw ¢he foreseeabje future and th¢re are no material *Jncertaintiès about the Charitys a￿'lIty lo onlinue as a going concern, thus Ihey coniinue io adopl thè 9¢*ThJ ¢Or￿rn basis ol acc4yJntiThJ in preparing the financial statements. Page 21 THE REACH FOUNDATION IA Company Llmlted by Guarantetl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ountlng pollelos (continued) 2.3 Incom? l incomtr is recognised onc• the Charity has enl¢demenl to the income, it is probable that the income ￿11 be received and the amount of incybme ieceivable be measured rel&bly. Grants are induded in thè Statement of Financial Aclyvlties on a receivable basi5. The balance of Income received lor specrfic purposes but not eynded during the period is shown in the relevant fund5 on the Balance Sheel. Where income is received in advance of entitlgmenl ol receipt, its r¥Co9nity.￿ is doferyed and induded in u•ditors as defery8d incomè. Where entit￿Ment occurs fore IrKome Is re¢elved. the Incom8 Is acuy*l. Page 22 THE REACH FOUNDATION (A Company Llmttèd by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Aeeountlng po15¢Fes {contlnu•d) 2.4 Expendlturg Expenditure is recognised on¢e there is a legal or construcb.ve obligation to transfer eomomic benefit to a third paty, it is probable thal a transfer ol economic b*nefils will be required in selllement and the amount of the obligation can be measured reliably. Exp9ndi1U￿ is classified by aclivily. The costs of each activity artr made up of the total of direct costs and sha￿d costs. including support costs involved in undertaking each activtty. Direcl cosis attribylable Io a single actiwty are albcated direcuy to that activity. Shared costs Wh￿ contribute to morg than one activity and support costs whi¢h ar¥ not attributable to a Single activity are appo¢tioned bgts¥een those activities on a basis coftsl$lgnl with Ihe usè of réstsurces. Central staff cosls are allocated on the basts ol tlm• spènc and depreciallon ¢har9e$ ¥llocaled on the portion of lh& asset's use. Expendrture on chathabl& adI￿lIeS L8 InuJrr8d on dir8dy Undorta￿D9 the activibes which further thg Charitls oblectbv8s, a$ %b*ll 85 any assoaated supwt eo$ts. All expendlture 1$ induslve ol lThecy)vernbb VAT. 2.5 D•btor• Tradè 8nd other debloTS are reclygrisad 8t tho s¢tUtrmenl afflount after any trad¢ dixount offered. Prèpa￿￿¢ni$ are valued at th& arr￿nt prgpaid nel of anytrade d¢scounts du•. 2.6 Cash at bank and In hand Cash at bank and In hand Indud95 cash and short-tern hvJhty liquid invgslments a short malurlty of three month$ or I￿ from the dale of acqUi￿tIon ¢Y ￿nINj oftho depo8rt or slmilar aecount. 2.7 Llabllltlo* ond prgvl$Son• Ll8bili11¥s 8re ￿cogniSed vthen thore is 8n obhgalion al the Balance Sheet data 8$ a result of a past event. il is probable that a transfèr of 8¢orvnic benefit will b& requirod Sn s•ttJèmenl. and the arnount ol the settlement can be estlmatèd ffjliably. Llablllties Ar8 ree4n1S￿ at Ihe amount that thè Charity anlldpates it win pay to sgtuo tha dèbt or the amount li has received as advanced pa￿nents for the 9￿XIS or services it must provlde. Provisions are measured at th& b&st e$t6m8le of the amounts requlred to sèttlè iho obligation. Where the effect of the time valve of money is material. the provision Is basad on the present value ol those amoursts, discounted at tho pre-tsx di5winl rate that reftects the risks 5pecffic lo the liabS1ily. Thè unwindlng ol the discount 1$ Two￿1 in Ihe Stalement of Fingncial Activities as a finance cost. 2.8 Flnancial Fnstruments The Charity only has financial assets 8nd fiDarKaal Ikabdities ol a kind that qualfy 89 basic financial inslnJments. Basic fin8nual instruments are iniiialty ￿niSed at transaction value and subsequently measurèd at their setuernenl value the exceptiorb of bank k)ans which a￿ subsequèntly mèasur8d at arn￿tiSe￿I cost using the effecliva intèrest Meth￿1. Pa￿ 23 THE REACH FOUNDATION (A Company Llmited by GuarantMI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 A¢¢ounling poISc￿s Icontlnued) 2.9 Flnan¢lal Instruments The Charily do•s not have a maierial hol¢Jin9 In complex frnancial instruments. rh& Charity only holds basic Financk41 Instruments. The financial ass¢15 8nd finanual liabilities of thè Charity are as follows.. Debtors- trad• and other debtors {induding accrued income) are basi¢ fin8ncl81 instruments and arè debl instrumen¢s measured at amortised cost as detailed in Note 11. Prepayments are not finanel81 instruments. Ca¥h al bank- is dassifl&J 8$ 8 bas￿ finan¢aal Instrumgnl •nd 1$ measured at faca valu8. trade ueditors. accruals and othor tredilors wll b8 classified as finafttyal instrument5, and are measur•d at amortised cost as d$tsiled in Nole 12. Taxatlon ènd Social 5￿uritY are not Induded in th* financial instrumenls disclosure. Deferretj income is not deemed io be a financi81 liability, as in ￿$h setllem8nl has already taken place and iherè 1$ $impty an otAw8iK)n to deliver charitablè strrvic95 rather than cash or an¢*ther financial instrument. 2.10 0￿ratIng19¥￿ej Rantals paKI under cyerabn9 le¥$&$ E4e ¢*arged to the Stslemenl of FinanrAal ActivltS8$ on a straighl.line bas¢s over the l¢aso lerm. 2.11 P*nslons The Charfty op$r¥l•$ a defined contrlbutk)n p￿s4On stheme and tha p&n$lon th8pJe represents thg amounts pa￿tle by the Charily to the fuThJ in respect ol the j￿r. 2.12 Fund a¢¢ountlnq General fvnds are unrestri¢tew$.. 2025 2024 Not18tei Ihan 1 ￿aT Lotgr than 1 ypar 8nd not later than 5 ￿arS 45,000 57.637 24,OQO 102.637 24,OOQ 20. Related party transactlons The Foundation ha5 8 Servic8 Level Agreernent Reath Schools in order to access ICT servSces. This was the onty seTrice remaining in 2024125 as the remaindef were b￿ght in house. Frc¥n 25126 we hava 5gparaled our ICT as part of our transformalion project. Key managemenl personrt81 anK)untèil to £512.135 (2024- £489.440). Page 33