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2023-03-31-accounts

ReachAcross (UK) (A charitable company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS

For the Year Ended 31 March 2023

Charity Number: 1148692 Company Number: 07900867

ReachAcross (UK)

TRUSTEES REPORT for the year ended 31 Mar 2023

The Trustees present their annual report and financial statements for the year ended 31 Mar 2023

Legal and administrative information

Full Name: ReachAcross (UK)
Constitution: The charity was incorporated under the Companies Act 2006 – Company
number 07900867 registered in England and Wales, Charity number
1148692.
Charity Registered Number: 1148692
Company Number: 7900867
Date of Incorporation: 06 January 2012
Trustees during the year: Mr. J. Laws (Chairman)
(unless stated) Mr. K. Macpherson (Vice Chairman)
Mrs. G. Crawford
Mr. P. Jolly
Mrs. S. Laws
Dr. A. Perkins
Dr. M. Pickett
Treasurer: Mr. S. Babenko
Chief Executive Officer and
Secretary: Mr. G. M. C. Tainio
Registered Office: Unit 6 Station Court
Station Approach
Borough Green
Sevenoaks
Kent
TN15 8BG
Bankers: National Westminster Bank plc.
West Malling (A) Branch
43 Swan Street, West Malling,
Kent ME19 6HF
Independent Examiner: Jackie Irvine-Smith
Independent Examiners Ltd
Unit 2
The Broadbridge Business Centre
Delling Lane
Bosham
PO18 8NF

1

ReachAcross (UK)

TRUSTEES REPORT for the year ended 31 Mar 2023 (continued)

Charitable Objects

The objects of the Charity are:

Policies to Further our Objects

The Charity seeks to further its objects through the provision of medical support, teaching and setting up of community projects of a medical and educational nature, either under contract to the local government or with an independent programme with government approval where required.

The Trustees believe that the objects and policies of the Charity have spiritual and practical public benefit.

Organisation

The Charity is governed by a Board of Trustees which is responsible for setting the strategic direction of the organisation and for establishing policy. The Board of Trustees meets at least three times a year and delegates the day-to-day operation of the organisation to a management team based at its office in England. Through this office, funds are channelled to the work of the Charity which is part of an international fellowship of charities with the same working name (ReachAcross) and similar objectives.

Review of the Period

During the annual period under review, our mission workers have been serving in different contexts, where their primary goal is to advance the Christian religion through sharing the gospel, teaching and serving in practical ways in their various locations around the world—whether in places such as North Africa, the Middle East and Asia, or in Western nations serving in Muslim-majority communities, or with refugees. Many of our mission workers serve in practical ways such as in teaching English, or serving in medical services provided locally. During this financial year, ReachAcross has also continued to explore mission opportunities in the Balkans, where there are large populations of Muslims who are yet to receive the Christian gospel. It is hoped that in the future, ReachAcross will be able to send long-term and short-term mission workers to that region. Many potential partnership possibilities are being examined.

The Charity, its projects and its mission workers are supported by voluntary contributions primarily from churches and friends of the Charity. Supporters and churches are updated about the work of the charity through speaking engagements, conferences, newsletters and monthly prayer bulletins. Some speaking engagements were provided ‘online’, but with the Covid-19 pandemic being largely over, we were able to speak at churches and attend exhibitions/conferences in person. Our major promotion of the charity at conferences was through attending the Keswick Convention for three weeks. Throughout the year ReachAcross has encouraged UK churches in their mission engagement among Muslims, especially those as yet unreached with the Christian gospel. Churches responded by praying for the mission and financially providing for ReachAcross mission workers and projects. Our hope is to continue recruiting mission workers from these churches.

Continuous efforts were made to recruit and mobilise further mission workers during the course of the year, to be deployed long-term and short-term overseas as well as in the UK. ReachAcross(UK) works in partnership with other ReachAcross charities mostly based in western nations, and recruitment and mobilisation of mission workers continues to gradually expand the mission workforce. More are required, as the needs and opportunities for ministry are great.

Overseas, ReachAcross has also partnered with local Christians, providing training in reaching Muslims with the Christian gospel, as well as encouraging Christians to minister with practical help to Muslims suffering through poverty or lack of resources.

2

ReachAcross (UK)

TRUSTEES REPORT for the year ended 31 Mar 2023 (continued)

For security purposes, given that we serve in Muslim-majority countries where some antagonism can from time to time be experienced when engaged in Christian mission work, we do not disclose our specific operating locations in this report. However, the following are four short descriptions of some of the types of work in which our long-term and short-term overseas mission workers and partners have been/are engaged:

Undergirding all our practical service ministry is prayer for Muslims and the proclamation of the Christian faith among them. We believe that everyone in the world needs to hear the Christian gospel — both the message of the gospel — that of salvation through the Lord Jesus Christ — as well as hearing the teaching of the Christian faith which leads to radical change in how people live their lives — loving God and neighbour, all to the glory of Christ.

Financial Results and Future Activities

We are grateful to God for the Charity’s income in the form of gifts from supporters, legacies and investment income from funds in hand. Our net incoming resources for the year to 31 Mar 2023 amounted to (£140,938) (cf. 2022 net incoming resources (£14,051)), including losses/gains on investments.

The Trustees consider that the Charity is in an overall healthy financial position and is able to meet its ongoing commitments.

Investment Policy

During the period the Trustees continued investing a proportion of available funds in longer-term investments, in view of the low returns on cash deposits, whilst retaining sufficient in shorter-term deposits for the ongoing day-to-day requirements.

3

ReachAcross (UK)

TRUSTEES REPORT for the year ended 31 Mar 2023 (continued)

Reserves Policy

Within the Unrestricted Funds the Trustees have set a policy that funds immediately available/up to three months to maturity at a targeted £150,000 will be maintained. This allows for several months operating costs in the absence of incoming funds. Also, within the Unrestricted Funds the Trustees have set aside an amount of £10,000 as an emergency fund to allow a quick response to any emergencies, and a retirement fund used to provided small retirement benefits to retired long term ReachAccross(UK) charity workers, as well as designated funds which have been allocated at the discretion of the Trustees towards ReachAcross charity workers and projects.

Risk Management

The Trustees actively review the major risks that the Charity faces on a regular basis and believe that maintaining general reserves at a level sufficient for the Charity’s activities as stated above, combined with the regular review of controls and systems carried out, will provide sufficient resources in the event of any problems. The Trustees have also examined the operational risks faced and established that the necessary systems are in place to mitigate the significant risks.

Public Benefit

The Charity acknowledges its requirements to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how these are achieved are provided in the Trustees Report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit when deciding what activities the Charity should undertake.

Trustees

The Trustees in office at the date of this report are set out on page 1 and have served throughout the year unless otherwise stated. Trustees have the power, by ordinary resolution passed by a majority of the Trustees, to appoint new Trustees. A Trustee can be removed by resolution passed by seventy five percent of the Trustees present at a Board Meeting. At each Annual General Meeting (AGM) one third or the nearest number to one third must retire from office, including any Trustees appointed during the year. The Trustees are provided with training and advice on a regular basis.

Mr. Jeff Laws remains as Chairman; Mr. Keith Macpherson remains as Vice Chairman; and Mr. Sergey Babenko remains as Treasurer.

4

ReachAcross IUK) TRUSTEES REPORTforthe yearended31 Mar2023 (condnued) Stgnnt 0fTr￿t06$, ReS￿R81b￿lI￿8 The Charities Ad and Ihe cOmpan￿$A[￿ 2tK16 requo It 8oarO of Tnjstees lo preparefinanryal statements for each rinancL81 year give a true and tsir vw of trE state af affairs of the chatty as al the end of finan￿al F8r8nd of surplus oréefioi otththwity. In prepari￿ those finanoal statements the Board is required to.. sdect Suitab￿ ac£ountiw p￿l(leS and Jfn apwylhem ctnsistenlty., makejudgtnents and estimates that are reasonable aml pnk1enl; 11111 prepare U)e finanoal $tatenEnts on goiry concem ba515 unth it 15 ￿appropriatet0 pres1r￿ that the chartywll r))niinue in business al￿.. IW) slatè whelherawlicaiAe accowliivJ stsTrJards and statements of recommended have been fo1knv￿d, $ubje(I lo any matenal ttepartures disdosed arKJ explain&1 ￿fina￿￿81 statemerrts. The Trustees are also responsib￿ for maithring adequate ac(x)untsNJ record5 whith di5dose ¥￿th reasonable acy)Jracy al anytime Ihe financial posibon of trE Charity a￿j wthich are suffioentto show and exklain the ChariV5 trans8ctK)ns aNJ ella￿e theffl to W5ure that IIE fin8ncval statements CLxmWywth ts Companie8Act 20[￿ and tomply ￿7th reg￿￿tionS ma(k ￿￿er1he Charities Act They are also responsib￿ for safeguarding the assets oflhe CharFty arKI TrEn￿ ta￿'n9 ￿sonal￿ steFe for the pre¥erdM and detection offraLbl and otherirregularities. Thè Tru$iees are aL50 responsibk forthe contents of the Trusl8es' Rewrt, and Ihe responslbilty of the INlependent Exarniner in relation lo the Trustees. Report is limited to examirNng Ihe Rewrt arKI ensuri￿ that. on the tsce of I report IlEre are no inconsstenaes ￿1th Ihe disdosed ill the finarwl ststerwts. These attwnts have been prepar￿j in a¢¢[x￿on(%￿th ￿ PTOVi5h)n5 aFvIKaNe to companies subject lo the small f￿rnpatHe$ regirne. We approve the atta(￿￿ stalemenl of finan￿al actiwles 8Th1 balarKe she8t for the yearended 31sl March 2023, and onfitrn that￿ have made a¥￿￿ble all ￿lO[MatiOn rErssarytOT its preparalKJn. Approved by Il Twstees on.............. 51gned on Iheirbehalfby Mr. Jeff La￿ (Tr￿teelChaIn￿￿l

INDEPENDENT EXAMINER'S REPORT

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 7 to 16.

Respective responsibilities of Trustees and examiner

As the charity’s Trustees of ReachAcross (UK) (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of ReachAcross (UK) are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since ReachAcross (UK) gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of ReachAcross (UK) as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

...................................... J Irvine-Smith FCIE Independent Examiners Limited Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

14th December 2023

ReachAcross (UK)

STATEMENT OF FINANCIAL ACTIVITIES Income and Expenditure for the year ended 31 Mar 2023

----- Start of picture text -----
Restricted
Unrestricted Funds Total Total
Funds
Notes General Designated 2023 2022
£ £ £ £
Income and Endowments from: 4
Donations and Legacies 82,986 241,719 19,092 343,797 361,589
Trading Activities 602 0 0 602 628
Investments 1,183 0 0 1,183 17
Total Income 84,771 241,719 19,092 345,582 362,234
Expenditure on: 5
Raising Funds 88,170 19,731 0 107,901 111,920
Charitable Activities 10,856 234,491 28,640 273,987 245,091
Support Costs: 78,813 0 0 78,813 62,059
177,839 254,223 28,640 460,701 419,070
Net (expenditure)/income before (93,068) (12,503) (9,548) (115,119) (56,836)
Net (losses)/gains on investments 7 (32,421) (32,421) 42,786
Net Movement in Funds (125,489) (12,503) (9,548) (147,540) (14,050)
Reconciliation of Funds
Total funds brought forward 926,587 118,970 135,425 1,180,982 1,195,033
Transfers (9,907) 9,907
Total funds carried forward 801,098 96,559 135,785 1,033,442 1,180,983
----- End of picture text -----

7

ReachAcross IUKI Company Numbpr.079¢70867 8ALANCESHEETas at 31 Mar2023 Restated 2022 2023 Fixed A￿ets TarvJibl8 a￿ts Inve5trnenls 3.255 888,456 891,710 2,294 920,612 922,9C6 CurrertAssets Debtors and prepayments Cash al bank and in hand 1.986 le￿.901 162.887 9,633 267,954 277,587 cre1￿￿. Amounts fallirvJ due one year A¢truals 21,15e 21.15S 19.510 19.510 Not CurrentA886ts 141.731 258.077 Not As60ts 1,033,442 1.180,983 Unrestrfctod Funds 10 - Go￿ra1 funds - Revaluation funds - Oesignated funds 594,650 2Lb,448 .559 572.541 354.047 118.970 897,657 135,785 1,045,558 135,425 Restricted Income Fund¥ 1,033,442 1 180 9B3 For the finartFal yearendiThJ 31 Mar2023 the charity w88 entbtted to exefflption frL¥n aLxIit ￿￿erse￿10n 477 of the Companies Act 2(MJ6 relating to sm811 c4ynpar￿e8. Directors, responsibilthes.. . members have not reqLNred the Chwty to ¢Jbtsin an aLvJit of aCLY)vJts for yearln question In accotdance Mrith 5ettion 476". arxl . Th2 direotor5 8GknO￿edge theirrÈsponbilits f0rtom￿￿n9 ¥lti Ihe rffjuThments of Ihe Actilh ie$pe¢t to 8ceounliNJ te(x)rds and the preparation of Éccounts.These financial statements have bn prepared in accordance with the speryal provisions relating to coffipaDie5 subie(Ito stnall GiynpaniÈs rÈoirr vAlhin Part 15 of CompanRs Act 20C6. Approved bythe Director8lTru8tee8 on............. and sign&1 on their beh￿f by tr* Chaimian Mr. Jeff Law8

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

1 Principal Accounting Policies

The Charity has claimed the exemptions available in Section 1a of FRS102 not to prepare a cash flow since it is a small charity.

(a) Basis of Preparation

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011. The Charity constitutes a public benefit entity as defined by FRS 102. Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the Charity's operation and in order to comply with the requirements of the SORP. The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.

(b) Incoming Resources

Income is derived from donations and gifts received and from legacies. It is accounted for in full on a receipts basis with the addition of any tax reclaimable. In accordance with this policy, legacies are included on receipt of payment from the personal representative of an estate or when property is transferred.

(c) Tangible Fixed Assets

Tangible fixed assets are stated at cost less accumulated depreciation. All assets costing more than £250 are capitalised.

Depreciation is provided to write off the cost of an asset to estimated residual value over its expected.

Depreciation rates in use on a straight line basis are:

Furniture and equipment 20% on cost Motor Vehicle 20% on cost

(d) Investments

Investments held as fixed assets are revalued at mid-market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities.

(e) Resources Expended and Basis of Allocation of Costs

Expenditure is included when incurred and includes irrecoverable VAT.

Expenditure on operational programmes is recognised in the period in which it is incurred. A designated fund is established for expenditure which has been committed to projects, but remains unspent at the year end.

(f) Salaries and Support

Salaries and support expense represents the cost of UK based staff directly involved in, or providing support for, the UK and international programmes, including management, policy and advocacy work.

9

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

Principal Accounting Policies (continued)

(g) Costs of Managing and Administering These represent costs attributable to the management of the Charity’s assets, organisational administration and compliance with constitutional and statutory requirements.

(h) Funds Accounting Funds held by the Charity are: Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Designated funds - these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

(i) Foreign Currencies Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. All assets costing more than £250 are capitalised.

(j) Material prior year errors No material prior year errors have been identified in the reporting period (3.47 FRS102 SORP). An adjustment has been made to the revaluation reserve figure shown on the 2022 balance sheet as it was identified during this financial year that the figure shown did not include the revaluation gains and losses. Note 10 represents the correct revaluation reserve balance. There is no effect on the overall unrestricted funds for 2022.

2 Trustee and Remuneration Expenses

Trustees received reimbursement of travelling and overnight accommodation expenses of £273 (2022 £0) incurred in attending meetings and undertaking work for the Charity. No remuneration or other reimbursement of expenses was made to any other Trustee, nor to any person connected with the Trustees.

3 Staff Costs

For UK operational and administrative purposes, the Charity employed a full-time Chief Executive Officer, a full-time Director of Mobilisation and Church Relations, a part-time Ireland Coordinator, a part-time Finance Administration Officer, a part-time Membercare Manager, and a part-time Communications Officer. Gross administrative salaries were £132,780 (2022 £125,904).

The total number of employees was 9 (2 full time and 7 part time) (The total number of employees 2022 was 7 (2 full time and 5 part time))

Chief Executive and Director
of Mobilisation
Office staff		 Gross salaries
Employer's NI
Employer’s
Pension
Total costs
55,129
6,185
1,389
62,703
77,651
4,876
1,389
83,916
132,781
11,061
2,777
146,619

10

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

----- Start of picture text -----
An analysis of wages and salaries is as follows:
Chief Executive, Director of Mobilisation and office staff 2023 2022
£ £
Gross wages and salaries 132,781 125,904
Employer’s NI 11,061 8,086
Employer’s Pension 2,777 2,553
Total 146,619 136,543
----- End of picture text -----

No employee received emoluments in excess of £60,000. Staff are paid through the PAYE system.

11

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

----- Start of picture text -----
4 Income
Unrestricted Total Total
General Designated Restricted 2023 2022
£ £ £ £ £
Donations Donations and related gift aid 86,827 241,719 19,092 347,638 352,833
and Legacies over accrual of gift aid in
previous years (6,625)
Legacies 2,783 0 0 2,783 8,756
Total 82,986 241,719 19,092 350,422 361,589
Trading
Activities Fees and literature sales 602 0 0 602 628
602 0 0 602 628
Investments
income Investment income and interest 1,183 0 0 1,183 17
1,183 0 0 1,183 17
Total Income 84,771 241,719 19,092 352,207 362,234
5 Expenditure
Unrestricted Total Total
General Designated Restricted 2023 2022
£ £ £ £ £
Raising Funds
Director and field workers in UK
79,303 19,731 99,035 106,236
Deputation and conferences 3,200 3,200 2,105
Exhibitions and advertising 3,872 3,872 1,522
Car depreciation and expenses 0 0 (824)
Literature 1,794 1,794 2,881
Total 88,170 19,731 0 107,901 111,920
Charitable International HQ Support (Levy) 10,856 10,856 10,887
Activities Support and amounts paid
Members in Northeast Africa 61,108 61,108 67,789
Members in West Africa 86,016 86,016 80,296
Members in Middle East 22,344 22,344 18,000
Members in Central Asia 48,322 48,322 41,877
Members in UK 1,076 1,076 1,819
Members in Other 15,626 15,626 13,857
Projects 28,640 28,640 10,565
Total 10,856 234,491 28,640 273,987 245,091
Support Costs
Office staff costs
44,927 44,927 30,616
Support Costs Rent, rates and utilities 10,854 10,854 10,505
Office expenses, research and
depreciation 18,444 18,444 17,756
Travel, transport and air fares 1,344 1,344 0
Independent Examiner's fee 980 980 600
Legal and Bank Charges 2,214 2,214 2,074
Fundraising Consultancy 0 0 420
Sundries 50 50 88
Total 78,813 0 0 78,813 62,059
Total Expenditure 177,839 254,223 28,640 460,701 419,070
----- End of picture text -----

12

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

----- Start of picture text -----
6 Tangible Fixed Assets Fixtures & Fittings Vehicle Total
£ £ £
Cost
At 31 Mar 2022 24,079 0 24,079
Additions 2,069 0 2,069
Disposals/scrapped 0 0 0
At 31 Mar 2023 26,147 0 26,147
Accumulated Depreciation
At 31 Mar 2022 21,785 0 21,785
Charge for the period 1,108 0 1,108
Disposals/scrapped 0 0 0
At 31 Mar 2023 22,893 0 22,893
Net Book Value
At 31 Mar 2023 3,254.76 0 3,255
At 31 Mar 2022 2,294 0 2,294
7 Analysis of movement of investments
CAF managed funds at mid market value 31 Mar 2022 920,877
Additions in year at cost 0
Disposals in year 0
Decrease in valuation (32,421)
At mid market value 31 Mar 2023 888,456
8 Analysis of cash in hand and at bank Total Total
2023 2022
£ £
Bank current accounts and cash in hand 39,029 36,675
Deposit accounts maturing within one year 121,872 231,279
160,901 267,954
----- End of picture text -----

13

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

----- Start of picture text -----
9 Debtors and Creditors
Debtors/prepayments
Prepayments 2023 2022
ThankQ Database 0 469
Insurance 138 116
Conference 157 300
Total 295 885
Gift Aid o/s 1,691 8,748
Total 1,986 9,633
Creditors/accruals
Accruals 2023 2022
Independent examiner 800 600
Moorepay last month fee + end of year 242 231
P Bown Travel Expenses 15 39
G Tainio Travel Expenses 0 106
NIC 3,505 3,405
Donorfy 258 0
Birmingham outreach 152 0
Total 4,973 4,381
International Offices 13,842 11,313
Salaries Control 2,341 3,816
Total 21,156 19,510
----- End of picture text -----

14

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

----- Start of picture text -----
10 Unrestricted Income Funds - Movement
Current Financial Year
Balances Balances
01 Apr 2022 Income Expenditure Transfers 31 Mar 2023
£ £ £ £
General Fund 572,541 84,771 (177,839) 0 479,473
Revaluation Fund 354,047 (32,421) 0 0 321,626
Designated Funds
Emergency Fund 10,000 0 0 0 10,000
Specified Allocations 63,412 241,719 (251,593) 0 53,538
Retirement Fund 45,558 0 (2,630) (9,907) 33,021
118,970 241,719 (254,223) (9,907) 96,559
Totals 1,045,557 294,069 (432,061) 907,565
Previous Financial Year
Balances Balances
01 Apr 2021 Income Expenditure 31 Mar 2022
£ £ £ £
General Fund 645,810 89,875 (163,144) 572,541
Revaluation Fund 311,261 42,786 0 354,047
Designated Funds
Emergency Fund 10,000 0 0 10,000
Specified Allocations 62,220 235,856 (234,664) 63,412
Retirement Fund 56,255 0 (10,698) 45,557
128,475 235,856 (245,362) 118,969
Totals 1,085,546 368,517 (408,506) 1,045,557
----- End of picture text -----

See Note 1(h) and the Trustee Report (page 4) for an explanation of the Fund Accounting and Reserves Policies.

15

ReachAcross (UK)

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Mar 2023

11 Restricted Income Funds - Movement

Current Financial Year

Purpose of Fund
Northeast Africa Funds
West Africa General/Literature/Relief
Middle East Projects
South Asia Projects
Pastoral Fund
Safe Housing
UK Field Projects
International Office Costs
Other
Previous Financial Year
Purpose of Fund
Northeast Africa Funds
West Africa General/Literature/Relief
Middle East Projects
South Asia Projects
Pastoral Fund
Safe Housing
UK Field Projects
International Office Costs
Other		 Balances
Incoming
Outgoing
Balances
01 Apr 2022
Income
Expenditure
Transfers
31 Mar 2023
£
£
£
£
18,830
2,566
(5,656)
3,767
19,506
6,100
152
(6,252)
0
0
100,841
10,365
(8,204)
0
103,001
16
342
0
259
617
1,511
0
0
0
1,511
0
0
0
0
0
1,386
(5,358)
5,781
1,809
0
0
0
0
8,125
4,284
(3,168)
100
9,341
135,421
19,096
(28,640)
9,907
135,785
Balances
Incoming
Outgoing
Balances
01 Apr 2021
Income
Expenditure
Transfers
31 Mar 2022
£
£
£
£
15,116
3,861
(147)
0
18,830
7,884
1,362
(3,146)
0
6,100
93,982
6,859
0
0
100,841
16
937
(937)
0
16
1,511
0
0
0
1,511
(90)
90
0
0
0
(3,827)
2,722
(4,051)
5,156
0
(5,280)
0
0
5,280
0
177
10,232
(2,284)
0
8,125
109,487
26,063
(10,565)
10,436
135,421
0
0

Northeast Africa Funds.

Books and literacy resources for libraries and language school and refurbishment of language school.

West Africa.

General, Literature and Famine Relief.

Middle East Projects.

Counselling and member care for missionaries.

The restricted funds are represented by the Charity's cash reserves and fixed assets investments and are to be expended as specified above.

12 Financial Commitments

The Charity has a two year lease, at £10,357.44 per annum, expiring on 31 December 2023.

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