2024-12-31-accounts

REGISTERED COMPANY NUMBER: 07266483 (Engtand and Walos) REGISTERED CHARITh NUMBER: 1137915 Report of the TrUSt￿S and Flnancial Ststements for the Year Endèd 31 December 2024 Roa¢hlng Hlgher Williams & Co Epsom LLP statLrtory Auditors 8-10 South Street Epsorn Surrey Kf18 7PF

Reachlng Higher Content8 of thè Flnancial Statements for the Year Ended 31 Decembèr 2024 Page Report of tho Trustees 1 to 8 Report of thfr IndependentAudltors 9 to 11 Statement of Financial Activitie¥ 12 Balance Shget 13 Cash Flow Statement 14 Not98 to the Cash Fl(Mi Statsment 15 Noles to the Finan¢ial 8tatsments 16 to 24

Rèachlng Higher Report of the Tmtse8 for the Year Ended 31 De¢ember 2024 Chalr of Trustees On behalf Of the Board of Trustaas, l am delighted to present Reaching Higherfs Annual Report and Accounls for tha year ending 31 December 2024. Thts ha8 been a year of grovhh, developmenl, and continued impact for the young peoplo, families, and communities we serve. We ar8 proud to report that. despite operating in a challenging funding environmgnt, the charity has malntalned a Strong financial position. Key highlights include: Incorning resources of £1.222,077 invested in d8llvering high-qualty programmes. Bank balance of £785.752, confinned funding in place for the next 12 months, ensuring continuty and resilience. Healthy reserves of £758,815, with unrestrfcted funds of £433,951 covering 4.6 month¥ of charitabl8 expenditure. Slrong publlc beneflt Impa¢t, wilh young people, parents, and partners reporting that Reaching Hlgher provides safe spaces, trusted relationshlps, and opportunities to grow and thrive. The Trustees are committed to maintaining financial sustalnability while continuing to expand menloring, youth leadetship. and programme developmenL We remain focus&J on building strong partnerships with funders and local community partners, Investing in our people. and ensuring ReaGhing Higher remains a r8llable and positive presence in the lives of young people in our communty. Looking ahead, we are committed to deepenlng our impact - empowering more young people to lead, ser￿, and Iransfomi their communities. Wrth a robust balance sheet, a clear strategy. and a passlonate team, we move into the next year with cnnfidence, purpose, and a shared belief in Ihe p¢)tential of every young pérson to become a leader of change. Chalr of Trustees Page 1

Reachlng Hlgher Report of th8 Trustees for the Year Ended 31 D8cemb@r 2024 Trustees Report for the year andèd 31st December 2024 The trustees have adopted the provisions of Accountrng and Reporting by Charities: Stalement of Recommended Practlc8 applicablé to charities preparing their accounts in accordance with th8 Flnancial Reportlng Standard applicable in the UK and Republic of Iraland (FRS 102) (effective 1 January 2019), STRUCTURE. GOVERNANCE AND MANAGEMEiir Governlng document Th8 charity is controlled by its governing document, a deed of trus( and constitules a limited cornpany, limited by guarantee. as defined by the Companies Acl 2006. Charity constitution The Charity was established under a Memorandum of Assodation and Is governed under its Artides of Association. The Articies were amended on 25 November 2013 to change thé charity name to Reaching Higher (previously 'Reachin' Higher'l. Oryanisational struclure The organisation is ulllmatety managed by the Board of Trusteés whid) oversees the work of Read)ing Higher. All major OP8ration81 and strateglcdecisions are made by the Board who m8tfive timès during the year, either in person or via online conferencing. Under the Articles, new Trustees are 8ppolnt&d by the Trustee Board arKI onevthird of the members of th8 Trustee Board (the longest serving) retire at each AGM but are eligible to b8 re-appoinbj rf they still qualify. The Managing Dir8Ctor oversees Ihe financial and practical running of th8 Charity. reportlng to the Trustees. Trustees Trustees. who are all Directors of the company, were recnjltéd based on their broad range of skills and experiencé. They bring a wide rang8 of experience In wothing with young people on a pmfvssional andlor voluntary basis. 28Vo of the Board identify as female and 850/0 identify as coming from Black or ¢)ther global majority heritage. The Trustees confirm that they have had due regard to th8 guidan￿ Issued by the Charity Commi88ion on public benefft when planning their objectives and activities for the yeaT. Risk Review The Trustees consider all the major risk8 thè charity is exposed to on an ongoing basis which ar8 h8ld on a risk register. Sp8afically of note, the Trustees hav? developed: A funding Strategy which seeks to avoid overreliance on any one Sour￿ of funding. Reaching Htgher is developing diverse funding streams through a rar￿& of trusts, government agencies. corporate personal donors, as well as paid training and delivery contracts. A Safeguarding pollcy has been developed to protect the Charities, b8nèficiarTes as well as the Charity'5 volunteets. Thls policy ensures all voluntsers and staff rèceive safeguarding training and are subjectto an énhanced DBS dlsclosure check. Reachlng Hlghar Strateglc Report Overview and Context Réaching Higher is a yOLrth tharity with a Christian ethos. focused on serving young people of any or no faith. and challenging them to bé leaders of their own lives. Reaching Higher has worked with young people with complex unmet needs in Croydon aged 10-18 since 2(KJ4 and regISte￿d as a charity and cornpany in 2010. The organlsation was established in reswnsa to the range of challenges faced by young people growing up in Croydon Borough. includlng intergeneralional poverty, violence. low aducational outcomes, and social isolation. Like many areas of social di¥advantage, Croydon Is known for its Prevalen￿ of gangs. violence, and anti-soclal behaviour. Young people with complex unmet needs are at increased risk of viol8nc8 and exploitation as a result of their experienc8S of trauma and of household poverty, especlally if their school attendance 18 irregular or rfthey have alreaty been excluded from 8chool. ThFs is exacerbated by underfunded statutory ne￿orkS and ongolng reductions in youth Servi￿8. Page 2

Reaching Higher Report ot th6 Tn￿le¢S for the Year Ended 31 Dècomber 2024 Areas Of Work Raachlng Higher has complementary areas of woth: Building sfrong trusbng Mlal￿nshipS with young people aged 1(k18 who live andlor attend school in Croydon, through 5chDoI and community-based activities. Across our activities we seek to offer platfoms where young people can make an impacl and have their voices heard in their community, a5 well as prrorilising strong Intergeneratianal relatlOll5hips and 18aming. In 2024 Reaching Hlgher worked with seven secondary and three primary schools to provide a range of opportunities for young people lo develop their skills and improve their mental well-bèing. These Included in-5Ghool transferablé skills workshops, after-school Glub5 and group and individual mentoring schemes. Our 8chools4>ased work Es designed as a platform from which to signpost young people to Reaching Hlghèrfs community- based programmes, and we have Continued lo see young people attending our evening and School holiday activities after initially encountering Reaching Hlgher in their schools. Reaching Hlgherfs comrnunity-based work encompassès four weekly youth hubs gnd three open-access sports sessions. We also deliver alkday provision In the Febru8ry and October half terms and the August school holidays. Buildlng intentional partngrnhips with a range of other org8nisation5 in Croydon working with young people. including schools, altemative prov¢sion centre8, Soclal Servi￿, Youth Justice tsams and other volunlary and community organisations. We call this our'conlextual youth work, approach. Our intention is lo promots bett8r understanding across partne￿hIPS of young P￿pIe,8 lived experiences and lo challenge assymplionsthat are made about young people's needs. We 5UPPOrt young people to artlculate these needs themselves to imprové the synergy btheen seNice providers and community groups in Croydon. We aim ts share leaming, build capacity and Impro￿ practice so larger number8 of youThJ peopl& aro sustainably engaged across multiple organisations. Vision. Mission, and Gommllm•nt to Young People W181on Reaching Higherfs vision Is to see wlder communities working togeth8r to champlon young people lo becomé18aders of change. MIs8lon We are here lo challenge young people to be leaders of their own Ilve5 within Iheir place of influénce. We do this by adopting an asset-bas8d approach, helping young people discov8r the transferable skills they have d8velopad as a result of their lived experience. Our cammilmentto young people At Reaching Higher wa are commltted lo playing our part but recognise that we can't do this in i501alion. W& believe In building strong and long-lastrng relationships with young people to set fimi foundations In the years lo come vi2 our relational approach. Wih this in mind, we must collaborate well and e¥tsbli5h a united front with everyone who ca￿S for young people and the communities they live in. Quallty Mark Statu9 We beli8v8 In the importance of holding credible quallty marks b ensure that our stsndards of service both reflect best practice and 8Te wid8ty recognlsed by others. We hohl a Gold Status Trauma-lnfonned Quality Mark. London Youth recently reviewed their Quality Mark processes and we renewed our Bronz8 level award in 2023. Growth In Leadership Reaching High8r was establlshed by Mark and Sherisa Hobbs in 2004 a5 a small voluntary community prolect. Mark continued to lead the organisation In a voluntary Gapacity as Reachlng Higher grew over the following 18 yèars. When Mark stepped down as voluntary CEO In 2022, Jordanlgnatius, our previou8 Head of Strategy & Operations. was appointed by th8 Trustees Into the new role of Managing Diréclor. Jordan initially carne to Reaching High8r as a young person, beGoming fir51 a volunteèr and then a staff member over a ten year périod. More than half of our staff and volunteer learn are now Reachlng Higher alumni, modelling aur desire to @mpower young people to be changemakèrs In their own community. In 2024 Reaching Higher appointed a part-time Director of Services to lead on quality assurance of our services and a part-time Director of Partnershlps to lead on establishing and managing partner relalionships. Both thèsè role5 havè continued to release the Managlng Direclofs lime to focu5 on strategic growth and partnerships. Page 3

Reaching Higher Report of the Trustees for the Year Endad 31 December 2024 Key Highll9hts from 2024 Reaching High8r continued to experience rapid growth in 2024. with demand for young people's services continuing lo rise acro85 Croydon. We have continued to expand the scoFe of activities we offer, as well as establishing new statutory and community partnerships. Act￿¢￿$ We have continued to run our drop4n Youth Hubs on Thursday evenings, with a néw venue at #MerkyFC HQ in Selhurst and a new STENI-focused project for young women which involved learning 3-D printing skills. ￿ have also eontinued our Friday Youth Hub in partnership with Woodside Bap115t Church. Our youth-led cafè. dèllvered in partnership with South Norwood Community Kitchen ISNCKI, moved to a Wednesday evening. Team5 of young people from ouryouth-led café also helped to cook and serve meals fortheir peers at our holiday provision. Our aft8r-school creatlve arts clubs were adapted in 2024 to focus on transition support for Year 6 students. preparing them for progressing to Year 7. We also conlinued our popular mulli-SPOrts. basketball, football and boxercise after-8chool clubs. We esiablished partnerships wilh a further three local youth organisations to increase the number of young peoplè mentored across Croydon, under Ihe Mayor of London's New Deal and Propèl programmes, in addition lo continuing to mentor young womgn In partnership with Active Communities Ne￿Ork. 369 young people were mentored in tolal across these partne￿hIp5. Réachlng Higher joined Croydon Youth Consortium's 'Nw Era MyEnds 2.0, programme, expanding provision for young people 81 risk of vlolence and criminal exploitstion, and delivered training for other members of the New Era programme on establishing a Youth VDleA frarnework. We held our Easter resldential camp once again at Vvhite Moor Lakes centre in LTtGhfield, in partnership wilh three Croydon churches. We ran a ￿0-week wotk experience scheme in July 2024 for 14 young people from three local schools. We ran our school holiday provision 'RH Hangouts. in February and October halftemis and for four week5 in the summer holidays, engaging mor& than 350 young people. During the summer we were ablé lo offer paid work experience to fifteen of our older young people who supported the various activities each day. Reachlng Hlghèr held our second Community Meal in December 2024 which was attended by over 75 people. The direction of aurwork has not changed. but we have begun to sGale up ourtraining and influencin9, alongside priorilising excellent delivery with and for young people. We are 8xpèriencing growing demand for our training and expértise from both statutory and community organisations, and we were delighted lo dèliver the first ever Contextual YoulhwoTk & Safeguarding Children's Conférence with Croydon Safeguarding Children's Partnership. which was attended by over 100 cr055-sector professionals, including attandé@s from the NHS, the Melropolilan Police, Youth Justice Servlce, Social Sorvices and a range of community organisations. We also undertook our fir8t pilot research proJecl in partnership with the Croydon Council Directorale and a senior researcher from the University of Greenwich. Over the past year al Réaching Higher we have strengthened our Youth Board which has continued to meet monthly. The Youth Board have worked alongside Reathing Hi9her staff to develop a Youth Voice Framework training package, which they delivered to elght external organisations with support from our team. Team Growth Our team grew lo 21 staff in 2024. including the création of an Internship role for whiGh a fomer service usèr successfully applied. Page 4

Reachlng Hlgher Report of the Trustag8 for the Year Ended 31 December 2024 Our Roach in 2024 Number of sessions In schools- 782 Nurnber ofse3sions in the community- 1712 Number of conlact hours in schools- 10765 Number ofconla¢t hours in the communtty- 34789 Number of unique young people er#Jaged through schools- 962 Number of unique young peopl8 engaged through communlty - 804 Embedding Trauma-lnfonned Pradice R8aching Hlgher has continued to prioritize training in 1rauma-inf0￿ed practice and 8afegu8rding for Our team, in addltlon to holding weekly r8￿ectIVe practic8 spaces and facilitating cllnical supervision with a Irained cDun5ellor. At the startof 2024 our team were Irained by the Anna Freud Centr8 In Adaptwe MentalizatEon Based Integrative Treatsnent (ANBIT), whith is a model used in multi-agency support for young people with high safeguarding risks. Our safeguarding approach has contlnued to develop over the last year in response to increasing level8 of n8od, in particular the increase in contsxtual safeguarding risks. We have d8veloped tralning In Contextual Youth Wotk and designed a Wellbeing Audit which is being plloted in one of our partner schools. Publi¢ Benefit PAatsment Reaching Higher exists to support young people lo r8alis8 their poten￿al. bulld confKIen￿, and ¢￿ate positive futures. The Trustees confimi that they have complied with their duty under the Charities Act to due regatd to the Charity Commtssion's guidance cn publlc bènefit when plannlng and delivering the charity's objectives. The impact of Reaching Higher's work is best reflected in the words of those we serve.. A young person shared: e project ￿ good because it is fvn, and I get to spand bme wilh everyone and make new friends. I have been able to talk more, espgclally M'lh people my own age, and I've leamt I c8n mak& fri8nds anywhe￿., A school partner hlghllghtad: °Through the connection with Reaching Highor, I hope to give young people opportunities lo have twsted adults... spaces where young people feel Gomfortable. calm, safe 8nd rnla%ed. and that they own the space. A lol of people that work at RaaGhing High8rgTrw up In Groydon and8rp optimistsc, positive, hopeful... hopalully itcan be an example to young peop18 of how they can txnlnbuta lo theircommunify.. A parent reftected: 'Rgaching Higher alkjws the young people to feel valued. It allows the young people to b8 hoard, and I think thi8 is very important... &veWing they do ￿th lh8 young people in my community rEally makes a diffetsnc&. I wish every London Borough Could have a Reaching HigherNkè we do in Croydon." These voices show clearty that Reaching Higher delivers a significant public benefft by providing young people with trustsd relationships, safe spacas, opportunities lo build skills, and positsve role models from thelr own communltles. The Gharity's mentoring and youth programmes dir8Ctly contribute to Improving wellbeing, confidence, end community engagement among young people in Croydon. Rernungralion Pollcy We place great value on our highly talented. dedicaled, and passionale staff team, without whom we COU￿ not deliver agalnst our vlsion, mission, and goa15. Our remuneration policy is aimed al ensuring that pay i¥ Competitive within our sèctor, rwards staff fairly. and enable5 the staff team to feel valued. The Tru¥tee¥ of Reaching Higher are rttponsiTrJle for setting the policy on gtsff remuneration. The charity aims to ensure that pay and benefits are fair, transparen( and sufficient to attract, retain, and motlvate suitably qualified staff lo deliver its haritable objectives. Our principle is to reward staff equitably, irrespective of seniority, infomied by the followlng key factors.. Faimess: Remuneration 15 fre8 from discrfmlnation and allgned, where available, to non*rofft sector benchmarking data in the UK. Differentiation: Pay r8flods both what Is achieved and the way in which il 18 achievad. Compliance.. All remuneration arrangements meet HMRC regulatory requirements. Page 5

Reaching Hlgher Report of the Trustees for the Year Ended 31 December 2024 Affordabllity.. Salaries are set with good stewardshlp of the charily's financial resources. Living Wag8 Comrnitment: Salarie5 are set in line with at least thé London Livlng Wage. Salaries are ￿vieWed per(odically. taking these principles into account, as well as thè résponsibilitles of the role and the charfty's overall financial p￿Ition. This policy provldes a tranSpa￿￿t and equilable framewoJk for remun6ration. ensuring that the cheiity'5 resources are used effectively while supportlng the well-being. motivation. and recognition ot all staff. Financial Review Thls year, Reaching Hlgher received £1.222,077 in income and invèsted £1,132,449 into delivering and expanding our youth and communlty programmes. This resulted in a surplus of £89,628 for th8 year ending 2024. The financial position of the charity remalns strong. We closed the year with a healthy bank balance of £785,752, alongside confirmed funding already ￿Cured for Ihe next 12 morrths. Our reserves of £756,815 provide a solid and s8cure foundation that demonstrates both financial resilience and sustainability- Together. these resour￿ enable u5 to plan confidently for the future. continue expanding our impa< and.remain agile in respondlng to new opportunities. We are deeply grateful to our fundars, partners. and supporters for their ongoing trust and commitmènt. Your generosity enables us not only to suslain but to strengthen the r8ach and quality of our Work. We would also like to express our sincere thanks ID Croydon Council for their continued support in providing us with office Space al the Samuel Coleridgg-Taylor Centre. Their generosity help5 ensure that we can op8rate effectively and direct more resources lowards the young people and communities we serve. fjth strong r8sèwes, a posltlve cash posilion, and secured income forthè year ahead, we move forward with cornldence, ambition, arKI a shared vtslon to empower young people lo become leaders of change. Roserves Pollcy The Trustees, policy is to maintain a level of unrestricted r8serve8 that provides financial resilience and stability, enabling the charity to continue dglivering its misslon in a sustainable way. In line with best practice, thè Trustees aim to hold unrestricled reseTves equivalent lo three lo six months of total expenditure. This level is considered appropriate to safeguard against fluclualions in incom8 and to ensure that Reachlng Higher can meet tls ongoing comrnrtm8nt5. At year end. unrastricl8d funds stood at £433,951, which is equivalent to 4.6 months of charilable expenditure. This sils comfortably within the reserves policy range and provide5 a strong financial foundation for thè year ahead. The Trustees recognise that many of our b8neficiary's exporience inconslstency and disruption in their INa8, and that sudden gaps in provision can have a profaund impact. Our ambition is to ba a conslstent, reliable presence and Vol￿ of hope for those we serve. For this r8&8on, the reseNes policy is not simply about financial prudence but about protecting the conllnuity of life-changing programmes we run as a charity. To manage this risk, th& Trustees seek lo ensure that sufficient unrestricted res8N&s are avallable to sustain core projects through any periods of funding uncertainty. At the same lime. the charity 15 actively securing n8w streams of funding and building long-term partnerships lo strengthen the stability of its programmes. This approach provides both th811exibility to 8dapl to challénges and the confidence to invest in the growth and devèlopment of ourwoth. Trustees. Responsibiliti98 The Trustees. who are also the directors of thè charitable company, are responsible for prep2ring thè financial stalemeTrts for each financlal year that give a true and fair view of thé charitys finanGial position al the year end and of Its sU￿lUS or d8ficit for that period. In preparfng these financial statements, the Trustees must.. select suitable accounting policies and apply them con5i5tenlly-, comply with applicable accounting standards, inGluding FRS 102. subjact to any material departures being disclosed and explained in the financial statements. statè whether the Chorities Statement of Recommended Praclice ISORP) ha5 been followed. Subject to any matèrial departures disc108ed and èxplained in the financial stalements- make judgernents and estimates that are reasonable and prudent,. and Page 6

Reaching Highgr Rgport of the Trustees for the Year Ended 31 December 2024 prepare the financial slalements on a going Concern basis. unless It Is inapproprlate to assume Ihat the charity will Continue its operations. The Trustees are responsible for maintaining proper accounting records which accurately reflect the financial position of the charity at any given time and ensure that the financial statements comply with the Companies Act 20Q6. the Charities and Trusle8 Investment (Scollandl Acl 2005. and the Charilie5 Accounts (Scotlandl Regulations 2006. as amended by the Charities Accounts (Scotland) Amèndment (No. 2) Regulations 2014. They are atso responsible for safeguarding the asséts of the charity and for taking reasonable st8PS to prevent and detect fraud and other irregulariiles. In so far as the trustees are aware.. there is no relevant audit information of which Ihe charitable company's auditors are unaware- and th8 trustées have taken all steps that they ought to have taken lo make themselves aware of any relevant audit infomiation and to establish that the auditors are aware of that infomiatlon. Risk Management The Trustees have reviewed the financial position of the charity and are satiSf￿d that Reaching Higher remains a golng concem. At year end. the charity held a bank balance of £785,752, with confimied funding in place for the next 12 monlhs. In addition, unmstrtcted fijnds of £433.951 provide cover for approximatety 4.6 months of charitable expendilure, whith falls comfortably within our resèrvÈs policy of three to Six rnonths. Thi¥ ensures that Iha charity Is well positioned lo manage Its ¢ommltments and maintain delivery of its programmes. The Trustees are mindftjl of the potenlial ri5k5 associated with funding dependency. In the event that a major funder were lo wilhdraw, the charity's 8trong r8s&rvés and healthy ¢a5h balance provide sufficient resilience to sustain core operations whlle alternative funding i¥ secured. Afongside thls. Réaching Higher continues to broaden and diversify its incoma base. activaly building long-lemi partnerships and exploring new fundlng opportunities. This reduces reliance on any single source and strengthens th8 long-term sustalnability of the organi¥ation. The Trustees are confident that Reaching High8rfs strong balance sheet, prudeTrt financial management. and proactive fundraising approach provide a serure platform for the future. With healthy reserves. robust cash cover, and confimied income for the year ahead. the charity is well positioned not only to sustain consistent. high-qualtty programmes for young people, but also lo pursue its ambitions for growth and greater impact Plans for Future Periods Looklng ahgad to 2025 and beyond. Reaching Higher 18 committed to bLJilding on strong foundations while continuing lo grow the scale and d8pth of our irnpacL Our prrorities for the corning period includé.. Su5tainabilty and Resilience- Strengthening our financial sustainability by broadening our fvnding base, building reservès in line with our policy. and deepenlng lon9-term partnerships. Expanding Menloring and Youth Leadership - Growing our mentoring progrnmme lo reach more young pgople, equlpping them with trusted guidance, role mode15, and opportunities to develop as future leaders in their communities. Prograrnme Development- Enhancing the qualty and breadth of our provision, ensuring ytsung people can access safe. supportive spaces and experiences that build confidence, wellbeing, and skills for life. Investing in People and Capacity - Supporting and developing our staff and volunteers. many of whom are from the local community, so that they can continue lo Inspire, connect, arKI p051tiv8ly influenca young people's Ilves. Community Impact- Collaborating with ¥chaofs, parents, and community organisalions to deliver consistent, coordinatsd support for young people and their families, while enhancing the wider soclal cultural Ilfe of Croydon and beyond. This work underpins the ongoing d6vélopmenl of our Community Engagement Framework strategy. Investing in Le8der8hlp Dèvelopment and Capacity Building for both Truslegs and Staff. These priorities are underpinned by our commiknent to consistency and continuity for young people ensuring that Reaching High8r remains a reliable voice of hope in Ih8ir lives. With strong reserves, confirmed funding, and a healthy cash position. the Trustees ar8 confident that the charity is well pleced to deliver on th￿@ plans and continue lo expand ils reach and impact in the years ahead. Page 7

Reaching Higher Report of the Trustees forthe Year Ended 31 Dacember 2024 REFERENCE AND ADMINISTRATIVE DETAIL8 Reglstered Company number 07266483 (England and Wales) Regi5tsred Charlty number 1137915 Rogistored office Samuel Coleridge Taylor Centre 194 Selhurst Road Landon SE25 6XX T￿￿tee8 Nlr M M Rufus Mr V Thryagaraiah Ms E Bartow Ms R Jackson Mr D Gibson-while Mr T L Mcclymont Mr R A Davis (appointed 28th May 2024) Ms L A Mccullagh lappointad 9th July 2025) Bank Account HSBC 54 Woodcote Road Wallington. Surrey SM6 ONJ Audltors Willlams & Co Epsom LLP Statutory Audilors 8-10 South Street Epsom Surrey I￿18 7PF Report of th dlrèctors, on Iruslees, inco￿orating a strateglc report, approved by order of the board of trustse¥, as the company 9 October 25 and signed on th8 board's behalf by: VThiya ajah- Trustee Page 8

Report of the Independent Auditors to the Trustè&s of Reaching Higher Opinion We have audited the financial statements of Reaching Higher (Ihg 'charilable company'l for the year ended 31 De￿mber 2024 whiGh comprise the State￿ent of Financial Activities, th8 Balance Sheet, the Cash Flow Statement and notes lo the financial statements, Induding a summary of significant accounting policiès. The financial reporting framework that has been applied in their preparallon is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptsd Accounting Practicé). In our opinion the financial statements.. give a true and fair viaw of the state of the tharitable company's affair5 as at 31 December 2024 and of its incoming resources and application of r8source5. including ils income and expenditure, for the year th8n ended. have been properly prepared in accordancé with United Kingdom Generally A￿pted Accounting Practice; and have been prepared in acwrdance with the requirements of the Companies Act 20C6. Ba818 for oplnlon We conducted our audit In accordance with Intemational Slandards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilities under those standards ar8 lurthar described in Ihe Audilors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company In accordance wilh the ethical requirements that are relevant to our audil of the financial statements in the UK, including the FRC'S Ethical Standard, and wè hav8 fvlfilled our other ethical responsibilities in accordance with these requirements. Wè b81ieve that the audit evid8nce we have obtain8d Is sufficient and appropriate to provide a basis for our opinion. ConGlusions relating to going conceTll In auditing the financial slalements. we have ¢onduded that the trustees. use of the going conGern basis of accounting in the preparation of the financial statements Is approptiate. Based on the work we have performed, we have not wjentified any material uncertainties ￿lating to events ar conditions that, individually or colleGtivety, may cast signi￿rant doubl on the charitable company's ability to contlnue a5 a going concern for a p6riod of at least ￿e1ve months from when the financial statements are aulhorised for issue. Our responsibililies and the respansibilities of the trustees with réspect to going concern are described in the ￿1evarrt seGlions of this report. Othgr information The Irustses are responsible far the other infom)ation. The other informalion comprises the information included in the Annual ReporL other than the financial ststements and our Report ofthe Indèp8ndenl Auditors thereon. Our opinion cn the financial 8tatem8nts does not cover the other information and, except to the extent Dthetwise explicitly stated in our report. we do not expr8ss any form of assurance conclusion the￿On. In conngclion ￿th our audtt of the financial slalemenls, our responsibility is to read th6 othèr informatlon and, in doing SO, consider whether the other Snformation is materlally inconsistent with Ihe financial statements or our knowlèdg6 obtained in ihe audit or olherwise appears lo be materially mlsstated. If we identify such material inconsislencies orapparent material misstatements, we are required to determine whether this gives rise to a matsrial misstatemenl In the financial statements themselvas. If. based on the work we have performed, we conclud8 that there is a matérial misstatemenl of this other information, we are required to rÈport that fact. We have nothing to report in this regard. Matters on whlch we a￿ required to report by excgption We have nothing trj réport in respect of the following matters where the Chariti88 (Accounts and R6portsl Regulations 2008 require5 US to report to you if. in our opinion.. the information gtven in the Report of the Trustees Is Inconsistent in any malerial respect with the financial 5tatem8nts' or the charitable company has not kept adequale 8ccounting records. or the financial statements are not in agreement with the accounting records and ￿U￿5,. or we have not received all the infoThnation and explanatlons we require for our audit. Re8pon81blllllos of trustse6 As explained more fully in the Statement of Trusl8&8' Rgsponsibilitles. the Iru5tees (who aTr also the direGtors of the charitable company for the purpose5 of company law) are re¥ponsible for the preparation of the financial statements and for being 5at15fied that they give a tru8 and fair view. and for such intemal conlrol a5 the trustees delemiine is nec8ssary to enable the preparation of financial Statements that are free from material misstalemenL whether due to fraud or error. In preparing th& financial statemenis. the truslee5 are responsiblefor assessing the charitable company's abilityto conlinue as a going con￿rn, disclosing, as appllcablè, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate tha charitable company orlo cease operations, or have no realistic alternative but to do so. Page 9

Report of the Independent Audltors to the Trustees of Reaching Higher Our responsibilities for thp audit of tho financial statements We have been appointed as audilors under Se￿lOn 144 of the Charities Act 2011 and report in acwrdance with the Act and relevant regulations made or having effecl thereunder. Our objedives are to obtain reasonable assuranc& aboutwh8lh&r thè financial statem6nts as a whole are frea from material mi5slalement. whether due to fraud or eTror, and to issue a Report of the Independent Auditors that includes our opinion. Reason8ble assuran￿ is a high level of assurance. but is not a guarantee Ihat an audit conducted in accordance wilh ISAS (UK} will always detect a material m55Stalernent when it exists. Misstatemen15 can arise fram fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the ewnomic decisions of users taken on th@ basis of th@S8 financlal statsmants. Irregularitie5. including fraud, instan￿5 of non-compliance with laws and regulations. The objective5 of our audit are lo obtaln sufflclent appropriate audit evidence regardlng compllance with laws and regulations that have a ￿1￿ct effect on tha detennlnation of matèrial amounts and dlsclosurns In thè financ5al stat8m8nts, to perform audit procedures to help id8ntify in8tances of nonwcompliance with other law8 and regulation8 that may have a material effect on the financial statements, and to respond appropriately to identified or susp8Cted noTrcompliance with laws and regulations identified during the audit. In relatlon b fraud, the objedives of our audil are to identify and assess the risk of material misstslement of the financlal statements due to fraud, to obtain sufficient appropriatè audil widgnca regarding tha assessed risks of matsrial misstatements due to fraud through designing and implementing appropriate responses and to respond appropTiately to fraud or suspected fraud identified during the audit However it is tha primary responsibility of management. with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud, In identifying and asse55ing the risks of material misstatement in respect of irregularities, includlng fraud. the audit engagement team made enquirie8 of management, and those charged with govemance, regarding the procedur6s relatlng to identifying, evaluating and comptying with,. 1. laws and regulations and whether they were aware of any Instances of non-complian￿,. 2. dgtecting and responding to the risks of fraud and whether thgy have knowledg8 of any actual, suspected or a118ged 3. the internal controls established lo mitigate risks rèlated to fraud or non-compliancé with laws and regulations.. As a result of these procedures we consider the most signfficant laws and regulations that have a direct impact on the finan¢lal statements are FRS 102, General Dala Protection Regulations. Charitie5 Act 2011 and the Charities Statement of Récommended PractleA. W8 parfomiad audit procedurÈs trj datÉct non-compliance. which Tnay have a material impact on the finanrial ¥tstements. These included reviewing financial slatement disdosur85 and evaluating advice received from external advisors. There were no significant law5 and regulation5 we deemed as having an indirect impact on the financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is datailed belDW: The audit engagement team identified revenue recognition as the area Whe￿ the financial statemen15 were most susceptible to material misstatement, especially with respect to timing and Ihè split b&lfft8n restricted and unrestricted funds. Audit procedu￿¥ performed included but were not limited to testing income recognition and cut-ff. and evaluation the need for any provisions to be made in relation to deferred or accrued income. Testing has also been performed on bank transactions, purchasès and joumals in relation to identifying any large Dr unusual transactions Ihat may be misstated, fraudulently or Othe￿iSe. A further descrlptlon of our responsibllities for the audit of the financial statements is located on the Financial Reporting Council's website al www.frc.OTg.ukJauditorsresponsibilities. This description fonns part of our Report of the Indepèndgnt Auditots. Page 10

Report of the Independgnt Auditor8 to th& Trustses of Reaching Higher Use of our report Thls report Is made solely to the charilable company's tru8lees. as a body, in accordan￿ wlth Part 4 of the Charilies (Accounts and Reports) Regulations 2008. Our audit WOTk has been undertakén so thal we might slate to the charitable company's trustees those matters we are required10 Stale lo them in an auditors, report and for no other purpose. To the fullest extent permitt￿ by law, we do not accept or assume responsibility to anyone other than the charitabl8 company and the charitable company's trustees as a body. for our audit work. for this report. or for the opinion5 we have fO￿ed. Iliams & Co Epsom LLP Statutory Audito Ellgible to act as an auditar in lemis of Se￿10￿ 1212 of the Companies Act 2006 8-10 South st￿et Epsom Surrey KT18 7PF Date.. 29 October 2025 Page11

Roaching Hlgher Statement of Financial ActlvllloÈ for the Year Ended 31 Decomber 2024 2024 Total fund8 2023 Totsl funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMEfrrfs FROM Donations and legacies 29.060 1,144.632 1.173.692 888,787 Charifable aclivities General 33.738 33.738 57,459 Investment income 11.230 Total 1 144 632 1,222.077 957 476 EXPENDITURE ON Raising funds 19,120 19.120 18,918 Charftable activities G8néral 1046 393 1,113.329 858,863 Trrt21 66,936 1 065513 1,132.449 877.781 NET INGOME 10,509 79,119 89,628 79.695 RECONCILIATION OF FUND8 Total funds brought forward 423,442 243,745 667,187 587,492 TOTAL FUNDS CARRIED FORWARD 433,951 756.815 667.187 The notes form part Df these financial stalwnonts Page 12

Reaching Higher Balance Sheet 31 Decembor2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted funds Notès FIXED ASs￿s Tangible assets 14 7.381 7.381 3,070 CURRENT AS8ETS Debtors Cash at bank 15 33,188 462.B89 33.188 785,752 2.741 742.311 496.077 322,863 818,940 745,052 CREDITORS Amounts falling due within one year 16 169,506) (69,506) (80,935) NEf CURRENT ASSET8 426,570 322 864 749,434 TOTAL ASSET8 LESS CURRENT LIABILITIES 433,952 322,863 756,815 667,187 NET ASSETS 433.952 322,863 756815 667,187 FUNDS Unrestricted funds RestriGted funds 17 433.952 322.863 423,441 243 746 TOTAL FUNDS 756.815 667 187 The charftable company 18 entrtl&J to exemptlon from audSt under Section 477 of the Companies Act 2006 for the year 8nded 31 December 2024. The members have not depositèd noti￿. pursuant to Se¢tion 476 of the Companies Act 2006 requiring an audit of these financlal statements. The trustees acknowl8dge thelr responsibilities for la) ensuring that the charitable cAmpany keeps accounting records that comply with Sectlons 386 and 387 of the Companies Act 2006 and preparing financial statements which glve a true and fair VI￿ of the state of affairs of the charitable company as at the end of each financial year and of its surplu5 Or deficit for &ach finandal year in accordance with the requirements of Sections 394 and 395 and which othewise comply with th6 ￿qUIrementS of the Companies Act 2006 relallng to financial statements, 80 far as applicable to the charitable company. These financial statements have been audited under Ihe requirements of Section 145 of the Charilies Act 2011. Ibl The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2025 and were signed on it5 half by: V ThiyagaTajah- Trustee The notes form part of the8è financial statements Page 13

Roaching Hlgher Cash Flow statemgnt for the Year Ended 31 December 2024 2024 2023 Notes Cash flows from operating a¢ttviiies Cash gènerated from operalion5 37.077 87,110 N81 cash provided by operallng activities 37,077 87,110 Cash flows from Invosting actlvltles Purchase of tangible fixed assets Sale of tangible fixed a58ets Interest received (6,910) {1,373) 14.647 (10,646) 7,090 Net cash provided by investing activities 6,364 hange in cash and cash aqulvalonts In the reporting period Cash and ¢ash equivalents at the boginnlng of the reportlng period 43,441 94.784 742,311 647.527 Cash and cash equivalents at the end of the reporting perlod 785 752 742311 The notes form part of these financial statements Paga 14

Reachlng Higher Notes to thp Cash Flow Statement for the Year Ended 31 December 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Not income for the reporting period {as POT the Statem&nt of Financlal Activitles) Adjuslmonts for: Depreciation charges Interest received (Incrèas8lldecrease in debtors IDecrease)Ancrease In crédilors 89,628 79,695 3,972 {14,647) {30.447) 4.780 (11,2301 13.342 523 Not cash provided by operatlons 87,110 ANALYSIS OF CHANGES IN NEf FUND8 At1.1.24 Cash flow At31.12.24 Net ca8h Cash at bank 742.311 43,441 785 752 742.311 785,752 Total 742,311 The nole3 form part of these finanaal statsménts Page 15

Reaching Hlgher Not•6 to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing th• financlal statements The financial statemenls of the charitable company, which is a public benefit entity under FRS 102, havè been prepared in accordance ￿th the Charities SORP (FRS lo2),A￿ounl[ng and Rèporting by Charities- Statement of Recommended practi￿ applicable to charities preparlng their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applic8ble in the UK and Republic of Ireland, and the Companias Act 2006. The financial statements hav8 been prepared under the historical cost convenlion. Reaching Higher rne￿$ the definltion of 8 public benefit entity under FRS 102. Assets and liabiliti88 are initlally fecognised al hi5toric81 cost or transactlon value unle¥s otherwise stst8d in the relevant accounting policy notèls). Preparation of the account8 on a going concem basis The charity is considered lo be a going concern based on exisllng level of reserves and exp8Cted future Income. Income Income is reco9nised in when the charity has entitlement lo the funds, any perfomiance conditions to the item(s) of incom8 have been met it ts probable that the Income will be received and the amount can b8 measured reliably. Income frorn government and other grant5, whether 'capital' grants or 'revenue' grants, 15 recogni5ed when tha charity has enlitlemenl to the funds, any p8rfoThance conditions attached to the grants have been met il is probable that tha Income wlll be received, and the amount can be measured reliably and is not deferred. Where grant instalments have not yet been received but where the activity has been cornpleted, income will be r8cognised in the 8¢counts. For legacies, entitlemenl is taken as the earller of the date on which either the charity is aware that probate has been granted, the estate ha5 been finalised and notification has been made by the executor{s) to th8 Trust Ihal a distribution will be made. or when a di5tribulion is rec8ived from the estste. Receipt of a legacy. in whol8 or in part. i5 only been notified of th8 executotrs intention to rnake a distribution. Where legacies have been notified to the charity, or the charity 15 aware ol the granting of probate, and the criteria for income recognition have not been meL then th8 legacy is treated as a Contingent asset and disclosed rf material. Donated Servicos and faclllliès Donated professional services and donated facilitiès are recognlsed as income when the charity has control over the item, any conditions associated with the donated item havÉ been met, the receipt of economic banéfit from the use by the Gharity of the item Is probable and that econr)mic benefit can b8 measured reliably. In accordance with the Charities SORPIFRS 1021. general voluntèèr lime is nol recognised, and more infomialion is glven about their contribution in the trustees, annual report. On receipt, donated prolessional services and donated facilities are recognised on the basis of the value of tha gift to the charity which the amount thè charty would have been willing to pay to obtain services or facilities of equiva18nt economic benefit on the open market. a correspondln9 amount is then recognisod in expenditure in the period of receipt. Interest re¢eivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity- this is normally upon nollfication of the interest paid or payable by thè bank. Expendlturé Expenditure is recognised once Ihere is a legal or construclive obligation to make a payrnent to a third paty. it is probable that settlement will be required and the amount of the obligation can be m&asured reliably. Expenditure is classified undèr the following activity headings.. (al Costs of raising fvnds includes the costs of fundraising events and staff costs associated with fundraising such as bid writsng. Page 16 continued...

Reaching Higher Notes to the Flnanclal Statements - continued for thè Yèar Endèd 31 December 2024 ACCOUNTING POLIGIES. continued Expenditure Ib) Expenditure on tharitable athlties indudes the costs of running mentoring projects. community projects. residential camps and othar aducational activities undértakèn to furthar the purposes of the charity and their associated support costs. Irrecoverable VAT is charged as a cost agalnst the actsvity for whi¢h the expenditure was incurred. Allocation of support Costs Support costs are those functions that a55i5t the Work of the charity but do not directty undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governan￿ cosls whith 5UPPOrt the charity's programmes and activities. These costs have baen allocated behveen cost of raising funds and expenditure on charitable activities. The bases on which sUPPOrt costs have been allocated are set out in note 9. Tanglble Ilxed assets Dèpreciation Is provlded at th& followlng annual rates in ordèr to write off each asset over its esttmated useful Ilf8. Taxation The charity is exempt from tax on income and gains falling within section 505 01 the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable object. Fund accounting Unréstricl8d funds ar6 available to spend on acOvili8S that further any of the purposes of charity. Deslgnatsd funds are unrestricted funds of the charity which th8 trustees have decided at their discretion to sot aside to use for specific purpose. Reslrithd funds are donations which the donor has specified are lo be solely used for particular area5 of the charity's work or for specific artistic projects being undertaken by the charity. Hlr& purchas• and leaslng commltmonts Rentals paid under operating leases are charged to the Statement of Financial Activiti8s on a straight lin8 basis over the period of the lease. Penslon costs and other pogt4etiremenl bèn8flts As part of our commitment to workplace pensions, employegs of the chanty operates a company pension scheme through NEST (National Employmentsavings Tru5tl. All eli9ible employee5 are invited tojoin this scheme, ensuring they have access to a secure and flèxibl8 penslon arrangèmént. Contributions from both the employer and employees are paid into this fund in line with ststutory requirements and th8 scheme Tules. The employe￿$ contribution made In 2024 were £45.410 (2023 £29,316) wilh an employerfs contribution rate of 3% of pensionable pay and an employee's contribution of 5% of pensionable pay. The tnjsiees continue to monltor employee and employer contribution rates. Financtal instruments Th8 trust only has financial assats and financial liabilities of a kind that qualify as basic financlal instruments. BaslG financial instruments ar8 initially recognised al transaction value and subsequently measumd at Ihèlr sèttlèment value with the exception of benk loan¥ whiGh are subsequenlly measured al amortised cost using the effective int8rest method. Page 17 continued...

Reaching High9r Notes to th8 Flnancial Statements - continued for the Year Ended 31 Docember 2024 DONATIONS AND LEGACIES 2024 2023 Grants Donallons 1,144,628 29,064 872,912 15,875 1,173,692 888 787 Th8 income from donations and grants was £1,173.692 (2￿23. £ 888,7871. of which £29,060 was unrestrlcted £1,144,62812023.' £22.275) and £1.144,632 restricted {2023: £866,512). Donation incom8 indudes corporaté fundlng and contributions specificalty raised to 5UPPOrt the Easter residential camp programme. The charity benefrts grealty from the involvemenl and enthusiastic support of ils many volunteers, details of which ar8 glv@n in our annual reporL In accordance with FRS 102 and the Charities SORP {FRS 1021, the ettjnomic contribution of general voluntsèrs Is not recognised in the attounts. INVESTMENT INCOME 2024 2023 Deposit account interest 14,647 All of the charity's investment income arises from money held in interest4)earlng d8posit accounts. INGOME FRONI CHARITABLE ACTMTIES 2024 2023 Activity General General Other Operallng Income Incom8 from contrads 9.438 5,329 52.130 33,738 57,459 RAISING FUNDS Other tradlng actlvlties 2024 2023 Purchases Wages 464 1,276 17,642 18,918 CHARITABLE ACTIVITIES COSTS Un￿strICted RestriGted Totals Project délni8ry Depreciation Staffing including training Support costs Govemance costs Sundry costs 48,678 3,972 6,439 6,794 810 243 307,783 356,461 3,972 665,443 77,028 28,838 243 659.004 70.234 28,028 Total 66,936 1,065.049 1131985 Page 18 continued...

Reachlng Higher Notes to the Financial Statements - continued forthe Year Ended 31 Decembgr2024 SUPPORT COSTS Information t8chnology Governance Costs Finance Other Totals General 1,592 440 28,838 105,866 NEf INCOMEI{EXPENOITURE) Net inc0m61(expenditu￿I is staled after chargin￿(CreditIng).' 2024 2023 Auditor5, remuneration Depreciatlon - owned assets oth@r op8rating leases 8.760 3,973 9.250 1,500 4,780 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other ben￿11$ for the year ended 31 December 2024 nor for the year ènd&d 31 December 2023. Tru¥lees' expgn8e8 There were no trustees, expenses paid for th& year ended 31 December2D24 nor for the year ended 31 Decembér 2023. 10. STAFF COST8 2024 2023 Wag8s and salaries Social secunty costs Other pension costs 55g.486 29.818 494,488 44.691 634 714 568.495 The averagé monthly head count was 20 staff (2023'.18) and th& average monthly number of full-tlme equivalent employe&s linclucling part-tlme staffl during the year were as follows- The average monthly number of employees during the year was as follows: 2024 2023 Schools Communty Support and Govemance 20 18 The number of employees whose employee benefits (excluding employer pension costs) éxceeded £60.000 wa5: 2024 2023 £60.001- £70,000 Pension costs are allocated to activities in proportion trj Ihg related staffing costs. Pag& 19 continued...

Reachlng Hlgher Notes to the Flnancial Statements - continued for thg Yoar Ended 31 December 2024 10. STAFF COSTS - continued The charity trustees were not paid or received any other benefts from employment with the Trust or it5 substdiary in the year (2023: Nil) neither were they ￿1mbu[sed expenses during the year (2023". Nlll- No charity trustee le￿[￿ed payment for professional or othèr senrices supplied to the charity12023: Nill. COMPARATIVES FOR THE STATEMENT OF FINANGIAL AGTIVITIES Unrestricted fund 11. Re8tricl8d funds Total lunds INCOME AND ENDOWMENTS FROM Donations and legacies 22,275 809,476 888,787 Charitable activttles General 57.459 57,459 Inveslment Income 11,230 Total 90.964 866.512 957,47e EXPENDITURE ON Rai8ing funds 1.276 1,276 Charltable activities Général 53,129 823,376 876.505 Total 823.376 877,781 NET INCOME 36,559 43,136 79,695 RECONCILIATION OF FUNDS Total funds broughl foThvard 386,883 200.609 587,492 TOTAL FUNDS CARRIED FORWARD 423 442 243 745 12. LEGAL 8TATUS OF THE TRUST The trust is a company limfted by guararrtee and has no shyre capital. In the 8vent of the charity being Wound up, the liability in respect of th8 guarantee is limited to £10 per member of the charity. 13. CORPORATION TAX The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation af Chargeable Gains Act 1992 to the extènt that these are applied to its charitable object5. Page 20 continued...

Reachlng Hlgher Notes to the Financial Statements - continuod for th& Y&aT Ended 31 December 2024 14. TANGIBLE FIXED ASs￿s Office equipment and furniture C08T At 1 January 2024 Additions 14,341 At 31 D&cAmb8r 2024 DEPRECIATION At 1 January 2024 Charge for year Eliminated on dt5posal 11,271 3,973 1,374 At 31 December 2024 13.870 NET BOOK VALUE At 31 December 2Q24 7.381 At 31 December 2023 3.070 15. DEBTORS: AMOUNT8 FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtQTS Other debtors Prepayments and accrued Income 6.500 2.141 600 26.688 2,741 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tradè craditors Social security and oth&r taxes Pension¥ payable A¢¢ruals Dèsignat￿ funds 398 27,414 (3451 1.500 11,639 3.347 12,911 69.506 Building Improvgmènts 2024 2023 Openlng Bolance Grant rèeAived from funders Grant retumed to funders Buildin9 expense 51.968 63.144 10.000 360 Closing Balance 51,968 Designated Fund specifically set aside for Building Improvements. This fund has been creat8d to sat aside resources for plann@d réfurbishment. maintenance. and development of the charity's premtses, ensuring that our facilities continue to provide a safe, welcoming. and èfféctivè Énvironment for our youth activities. Thè fund is supported by deslgnaled grants, which have been specffically provided to cover these building.relat improvements. By establishing a separate deslgnated fund, Ihe TnJ5tees are able lo dearly track and manage expenditure relating to the property. ensuring that these resourcas are used exclusively for their intended purpose and aligned with Ihe long-lemi strategic needs of the charity. Page 21 continued...

Reaching Higher Not&s to thè Flnanclal Statements - continugd forthe Year Ended 31 December 2024 17. MOVEMENT IN FUNDS N8t movement in funds At 31.12.24 At1.1.24 Unrestrictsd funds General fund 423,442 10,510 433,952 Restricted funds Core Funding Creative Media Merrtoring Leade￿hiP & Volunt8èring 124.156 3.627 65.082 115.004 13,627) 118,406) 13.853) 239.160 46,676 37,027 243,745 322.863 TOTAL FUNDS 667.187 89,628 756815 Net movemenl in funds, included In the above are as follL)WS'. Incoming resour¢6s Resour￿5 8xpended Movemènt in funds Unrnstrictad funds General fund 77,445 (66.9351 10,510 Restricted funds Core Funding Craalive Media Mentoring Leadership & Volunteering 925,718 1810,7141 13,6271 1127,8631 115,004 {3,627) 118,406) 13,853 109,457 1,144.632 1.065 514 TOTAL FUNDS 1,222,077 1,132,449 Comparatlve8 for movement in funds Nel movement in funds At 31.12.23 At1.1.23 Unrestricled funds General fund 386,883 36.559 423,442 Restricted fund¥ Core Funding creati￿ Media Mentoring Leadetship & Volunteering 85,804 3,627 63,125 48.053 38,352 124,156 3,627 65.082 1,957 200,609 TOTAL FUNDS 587,492 667 187 Page 22 continued...

Reaching Higher Notss to the Financlal Ststémènts - contlnued for the Year Ended 31 Decgmber 2024 17. MOVEMENT IN FUNDS - contlnued Cornparative net movement in funds. includ8d In tha above are as follow5- IncomSng resaurca8 Resour￿5 exp6nd8d Movement in funds Unrestricted funds General fund 90.964 {54.405) 36,559 Restrictsd fund8 Core Funding Mentoring Leadershlp & Volunteering 469.173 316.377 (430,821) (314,4201 78.1351 38,352 1,957 2.827 866.512 823,376 43,136 TOTAL FUNDS 957 476 877.781 A Gurrent year 12 months and prior year 12 months combined positton is as follows.. Nel movement in funds At 31.12.24 At1.1.23 Unrpstricted funds General fund 386,883 47,068 433.951 Restrlcted funds Core Funding Creative Media Mentoring Leadership & Volunteering 85,804 3,627 63,125 153,356 {3,6271 (16,4491 11,0251 239,160 46.676 37,028 200 609 122.255 322,864 TOTAL FUNDS 169,323 756.815 A current year 12 months and prior year 12 months combined net movement in fund5. included in the ab)ve ar8 as follows., Incoming resources Resources expended Movement in funds Unrestricted funds General fijnd 156.756 (109.688) 47,068 Restricted funds Core Funding Creative Media Menloring Leadershlp & Volunteering 1,406.S58 (1,253,202) (3.627) (442.267) 201.446 153,356 13.627) (16,4491 11.025 425.818 190 421 2,022 797 1,900,542 122,255 TOTAL FUNDS 2 179 553 2.010.230) 169,323 Page 23 continued...

Reaching Higher Notès to thè Flnancial Statsm&nts- confjnued forthe Year Endgd 31 Dgcember2024 17. MOVEMENT IN FUNDS - continued Reaching Higherfs reserves are categorised into three main areas- Cor& Fundlng, Mentoring, and Leadership & Volunteering - each reP￿Senting funds set aside for specific purposes that support our charitable objectives. Core Funding This res8rva supports the essentlal running costs of the organisation, indudlng stsff salaries. office operations, and administrative systems that enable the effecllvè daliv8ry of all programmes. 11 ensures stsbility and continulty across our activities. Mentoring This reseNe is restricted to our youth mentoring programmès. whlch provide one-to-one and group mentoring for young people aged 11-19. It 5UPPOrts activities such as mentor training, session delivery, saf8guardlng, and resources that help young people build confidence, resilience, and posst5ve relationships. Lèadarship & Volunteering This reserve funds our lèadership davélopment and volunteering initiatives, Including the Young Leader5 Programme, community volunteering projects, and ski118 workshops. It énablès young p8opla to davelop leadership ski115, gain experience, and ￿ntrIbUte positively to their cornmunities. Together, these resèrvès ènsuro that Reaching Higher can continue to invest In young people's personal 9rowth, communty engagement, and long-term dev&lopm8nt. while maintaining financial stability and transparenGy in how reslriGted funds are used. 18. RELATED PAR￿ DISCLOSURES During the year trustees donaled £4,45912023'. £5,500) to the charity. No trustee received any benefit in respect of these This page does not fomi part of tha statutory finanGial statements Page 26