Charity registration number: 1136529
Reality Gives
Annual Report and Financial Statements
for the Year Ended 31 March 2025
Ballards LLP Chartered Accountants 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Reality Gives
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 15 |
Reality Gives
Reference and Administrative Details
Trustees Mr C M Way Mr R Smith Mr J F Bird Charity Registration Number 1136529 Principal Office 15 Market Street Oakengates Telford Shropshire TF2 6EL Independent Examiner Ballards LLP Chartered Accountants 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Page 1
Reality Gives
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
Objectives and activities
Objects and aims
The objects of the charity are the advancement of education of under-privileged children and young adults in India, in particular but not exclusively by supporting organisations using sustainable low cost models to provide high quality education, vocational and life-skills training to such persons. It aims to relieve financial hardship among students in India from deprived backgrounds to enable them to participate in educational and training centres.
The trust carries out these objectives by paying consultancy fees or salaries to individuals, or by paying Indian charities directly
During the year, the charity paid for following:
· The salary of our Executive Director for 5 months (£6,660). This person oversees the operations of Reality Cares (India).
· Consultant Fees of £10,231 for 12 months for English curriculum and other support for the English program run by Reality Cares (India)
-
Accountancy costs of £794
-
Other Admin costs of £250
Public benefit
The expenditure has benefitted the public benefit via the activities of our partner Reality Cares (India); this organisation runs the following programs for underprivileged children and young people in the slums of Mumbai and Delhi as well as in Naujheel, a rural community outside Delhi: 1) English, Life Skill and Computer classes
In addition to the programs, some of the teachers at Reality Cares (India) come from the local communities, and their development is as important as that of the beneficiaries of the programs.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
£40,593 was raised for this organisation and also 31,56,223 Indian Rupees (about £27,400) for our partner- Reality Cares (India). This was done by the Executive Director without the support of anybody dedicated to fundraising.
£15,546 was received in interest.
Our partner, Reality Cares (India), supported approximately 730 children and young adults through its programs for the year ended 31st March 2025.
Page 2
Reality Gives
Trustees' Report (continued)
Financial review
At the end of the financial year, the charity had a total of £141,757 in various bank balances with another £415 held in its account with Paypal. It had £467 in other debtors and £798 in other creditors. It had £428,924 in investment property. It had £570,135 total in unrestricted reserves.
During the year, Reality Gives purchased an investment property for £394,054 including legal fees and spent another £34,240 on renovations. It is planned to spend most of the remaining cash reserves on further renovating the property in 2025 as it has been let as student accommodation from 1st July 2025. Rental income from the property will be used to further the charity’s aims.
Structure, governance and management
Recruitment and appointment of trustees
The charity has trustees who are passionate about social change in India and can provide the skills to enable it to run successfully.
24 Jul 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Chris Wa y
~~.........................................~~ Chris Way (Jul 24, 2025, 6:15am) Mr C M Way Trustee
Page 3
Reality Gives
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
24 Jul 2025
Approved by the trustees of the charity on .................... and signed on its behalf by:
Chris Wa y
.........................................Chris Way (Jul 24, 2025, 6:15am) Mr C M Way Trustee
Page 4
Reality Gives
Independent Examiner's Report to the trustees of Reality Gives
I report to the trustees on my examination of the accounts of Reality Gives for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of Reality Gives you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Reality Gives's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Reality Gives as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................Ben Powell (Jul 24, 2025, 3:04pm) Benjamin Powell MSci ACA Ballards LLP Chartered Accountants
11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH 24 Jul 2025
Date:.............................
Page 5
Reality Gives
Statement of Financial Activities for the Year Ended 31 March 2025
| Note Income and Endowments from: Donations and legacies Investment income 3 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 Note Income and Endowments from: Donations and legacies Investment income 3 Total income Expenditure on: Raising funds Charitable activities Total expenditure Net (expenditure)/income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 35,887 15,546 51,433 (17,141) (14,470) (31,611) 19,822 19,822 550,313 570,135 Unrestricted funds £ 21,900 13,818 35,718 (21,215) (24,910) (46,125) (10,407) (10,407) 560,720 550,313 |
Restricted funds £ 4,706 - 4,706 - (5,364) (5,364) (658) (658) 658 - Restricted funds £ 458 - 458 - - - 458 458 200 658 |
Total 2025 £ 40,593 15,546 56,139 (17,141) (19,834) (36,975) 19,164 19,164 550,971 570,135 Total 2024 £ 22,358 13,818 |
|---|---|---|---|
| 36,176 | |||
| (21,215) (24,910) |
|||
| (46,125) | |||
| (9,949) | |||
| (9,949) 560,920 |
|||
| 550,971 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14.
The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
Reality Gives
(Registration number: 1136529) Balance Sheet as at 31 March 2025
| Note Fixed assets Investments 9 Current assets Debtors 10 Cash at bank and in hand 11 Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 14 |
2025 £ 428,294 467 142,172 142,639 (798) 141,841 570,135 - 570,135 570,135 |
2024 £ - - 551,779 |
|---|---|---|
| 551,779 (808) |
||
| 550,971 | ||
| 550,971 | ||
| 658 550,313 |
||
| 550,971 |
The financial statements on pages 6 to 15 were approved by the trustees, and authorised for issue on 24 Jul 2025.................... and signed on their behalf by:
Chris Wa y
. ~~........................................~~ Mr C M WayChris Way (Jul 24, 2025, 6:15am) Trustee
The notes on pages 8 to 15 form an integral part of these financial statements. Page 7
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Reality Gives meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 8
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Investment properties
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 9
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Total for 2025 Total for 2024 |
Unrestricted funds General £ 35,887 35,887 21,900 |
Restricted funds £ 4,706 4,706 458 |
Total funds £ 40,593 |
|---|---|---|---|
| 40,593 | |||
| 22,358 |
3 Investment income
| Interest receivable and similar income; Bank interest receivable Total for 2025 Total for 2024 |
Unrestricted funds General £ 15,546 15,546 13,818 |
Total funds £ 15,546 |
|---|---|---|
| 15,546 | ||
| 13,818 |
4 Expenditure on charitable activities
| Note Donations made Governance costs Total for 2025 Total for 2024 |
Unrestricted funds General £ 13,676 794 14,470 24,910 |
Restricted funds £ 5,364 - 5,364 - |
Total funds £ 19,040 794 |
|---|---|---|---|
| 19,834 | |||
| 24,910 |
Page 10
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
5 Analysis of governance and support costs
Governance costs
| Unrestricted funds General £ Independent examiner fees Examination of the financial statements 794 Total for 2025 794 Total for 2024 760 6 Staff costs The aggregate payroll costs were as follows: 2025 £ Staff costs during the year were: Wages and salaries 6,660 No employee received emoluments of more than £60,000 during the year 7 Independent examiner's remuneration 2025 £ Examination of the financial statements 794 |
Total funds £ 794 |
|---|---|
| 794 | |
| 760 | |
| 2024 £ 14,206 |
|
| 2024 £ 760 |
Page 11
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Fixed asset investments
2025 £ Investment properties 428,294
Investment properties
Investment properties £ Cost or Valuation Additions 428,294 Provision At 31 March 2025 - Net book value At 31 March 2025 428,294
There has been no valuation of investment property by an independent valuer.
During the year, Reality Gives purchased an investment property for £394,054 including legal fees and spent another £34,240 on renovations. After further renovations, the property will be let as student accommodation from 1 July 2025. The Trustees will consider the market value for next year.
10 Debtors
----- Start of picture text -----
2025
£
Prepayments 467
11 Cash and cash equivalents
2025 2024
£ £
Cash at bank 142,172 551,779
----- End of picture text -----
Page 12
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
12 Creditors: amounts falling due within one year
| Other creditors Accruals 13 Analysis of net funds Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
At 1 April 2024 £ 551,779 551,779 At 1 April 2023 £ 562,654 562,654 |
2025 £ - 798 798 Financing cash flows £ (409,608) (409,608) Financing cash flows £ (10,875) (10,875) |
2024 £ 48 760 |
|---|---|---|---|
| 808 | |||
| At 31 March 2025 £ 142,171 142,171 At 31 March 2024 £ 551,779 551,779 |
Page 13
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
14 Funds
| Unrestricted funds General Unrestricted Income Funds Restricted funds Rural Programme Mumbai Community Centre Total restricted funds Total funds Unrestricted funds General Unrestricted Income Funds Restricted Rural Programme Mumbai Community Centre Total restricted funds Total funds |
Balance at 1 April 2024 £ 550,313 458 200 658 550,971 Balance at 1 April 2023 £ 560,720 - 200 200 560,920 |
Incoming resources £ 51,433 - 4,706 4,706 56,139 Incoming resources £ 35,718 458 - 458 36,176 |
Resources expended £ (31,611) (458) (4,906) (5,364) (36,975) Resources expended £ (46,125) - - - (46,125) |
Balance at 31 March 2025 £ 570,135 - - |
|---|---|---|---|---|
| - | ||||
| 570,135 | ||||
| Balance at 31 March 2024 £ 550,313 458 200 |
||||
| 658 | ||||
| 550,971 |
Page 14
Reality Gives
Notes to the Financial Statements for the Year Ended 31 March 2025 (continued)
15 Analysis of net assets between funds
| 15 Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed asset investments Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 551,121 (808) 550,313 |
Unrestricted funds General £ 428,294 142,639 (798) 570,135 Restricted funds £ 658 - 658 |
Total funds at 31 March 2025 £ 428,294 142,639 (798) |
| 570,135 | |||
| Total funds at 31 March 2024 £ 551,779 (808) |
|||
| 550,971 |
16 Related party transactions
There were no related party transactions in the year.
Page 15
Issuer
Chris Way Property
Document generated Thu, 24th Jul 2025 6:12:42 BST Document fingerprint 0e42f49c7825c634874543b2f9e53d4a
Parties involved with this document
Document processed
Party + Fingerprint
Thu, 24th Jul 2025 6:15:19 BST Chris Way - Signer (8611f7f3e9ba315523f733d0131d4cdd) Thu, 24th Jul 2025 15:04:55 BST Ben Powell - Signer (c0fd89720ab77374e6e0671db2f90a2f) Audit history log Date Action Thu, 24th Jul 2025 6:12:42 BST Envelope generated by Chris Way (110.224.120.67) Thu, 24th Jul 2025 6:12:42 BST Document generated with fingerprint 0e42f49c7825c634874543b2f9e53d4a (110.224.120.67) Thu, 24th Jul 2025 6:14:04 BST Sent the envelope to Chris Way (chrisway99@yahoo.co.uk) for signing (110.224.120.67) Thu, 24th Jul 2025 6:14:06 BST Document emailed to chrisway99@yahoo.co.uk Thu, 24th Jul 2025 6:14:32 BST Chris Way opened the document email. (172.225.137.239) Thu, 24th Jul 2025 6:14:38 BST Chris Way viewed the envelope (110.224.120.67) Thu, 24th Jul 2025 6:15:19 BST Chris Way signed the envelope (110.224.120.67) Thu, 24th Jul 2025 6:15:19 BST Sent the envelope to Ben Powell (ben.powell@ballardsllp.com) for signing (110.224.120.67) Thu, 24th Jul 2025 6:15:20 BST Document emailed to ben.powell@ballardsllp.com Thu, 24th Jul 2025 6:15:46 BST Ben Powell opened the document email. (82.33.78.180) Thu, 24th Jul 2025 6:15:46 BST Ben Powell opened the document email. (82.33.78.180) Thu, 24th Jul 2025 6:15:53 BST Ben Powell opened the document email. (82.33.78.180) Thu, 24th Jul 2025 15:03:27 BST Ben Powell viewed the envelope (35.158.152.146) Thu, 24th Jul 2025 15:03:42 BST Ben Powell viewed the envelope (84.21.139.165) Thu, 24th Jul 2025 15:04:55 BST Ben Powell signed the envelope (84.21.139.165) Thu, 24th Jul 2025 15:04:55 BST This envelope has been signed by all parties (84.21.139.165)