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:
1. accounting records were not kept in respect of Reality Gives as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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)