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2021-03-31-accounts

RE:ACT Disaster Response Limited

(formerly Team Rubicon UK)

Company number: 09644561 Charity number: 1163214

Report and Financial Statements for the year ended 31 March 2021

RE:ACT Disaster Response Limited

Contents

For the year ended 31 March 2021

Reference and administrative information 3
Trustees’ annual report 4
Independent auditor’s report 15
Consolidated statement of financial activities 21
(incorporating an income and expenditure account)
Consolidated and Charity balance sheets 22
Consolidated statement of cash flows 23
Notes to the financial statements 24

RE:ACT Disaster Response Limited

Reference and administrative information

For the year ended 31 March 2021

Company number 09644561
Charity number 1163214
Registered office and operational address Chilmark, Salisbury, SP3 5DU
Country of registration England & Wales
Country of incorporation United Kingdom

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Sir Nick Parker Chair Audrey Fauvel (appointed 17 December 2020) Nick Fothergill Sara George Paul Gudonis (resigned 25 March 2021) Kate Holt Andrew Maclean Andrew Purvis (resigned 17 December 2020) Elizabeth Stileman Key management personnel Toby Wicks Chief Executive (appointed 11 October 2021) Ben Lampard Director of Humanitarian Operations Richard Sharp Chief Executive (resigned 31 August 2021) Bethan Canterbury Director of Strategic Operations (resigned 28 February 2021)

Bankers Barclays Bank 89 Charterhouse Street London, EC1M 6PE Solicitors Stone King LLP Boundary House 91 Charterhouse St London, EC1M 6HR Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane London, EC1Y 0TL

3

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

The trustees present their report and the audited financial statements for the year ended 31 March 2021.

Reference and administrative information set out on page three forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and Activities

Purposes and aims

RE:ACT Disaster Response unites experienced military veterans with seasoned first responders and skilled civilians to rapidly deploy emergency response teams to disasters in the UK and overseas in order to immediately improve the quality of life of those affected.

The objects of the Charity are, for the public benefit:

4

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

RE:ACT Disaster Response raises awareness of its activities and raises funds to cover the costs of recruiting, training and deploying volunteers in line with its charitable objects.

Achievements and Performance

Delivering public benefit

The trustees review the aims, objectives and activities of the charity each year. This report looks at achievements and outcomes during the reporting period. The trustees report on the success of each key activity, noting how RE:ACT Disaster Response’s operations have benefitted local populations. The review helps trustees ensure the charity's aims and activities remained focused on its stated objects.

The trustees have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and when planning future activities. In particular, the trustees consider how planned activities will contribute to the objectives that have been set.

RE:ACT has historically been known for the rapid delivery of humanitarian support internationally. Whilst that remains a core part of our mission, this year has been different. With COVID we have responded to a new set of challenges, and have been fully engaged in supporting the UK’s national emergency response.

We remained deployed on operation every single day of the past financial year, and are incredibly proud of the work done by our fantastic Responders, volunteers, and RE:ACT colleagues, over the course of a most challenging period.

We launched our emergency response to COVID, Operation RE:ACT, in March 2020, at the start of the COVID crisis in the UK. At the time little was known about the virus, its health impacts, or how long it would last. Little was also known about the demands it would place on community resilience and national critical infrastructure, even in a developed nation like the UK. We believed our experience of providing urgent humanitarian assistance during volatile and complex emergencies could be an asset, so we quickly stood up our capabilities, applying the same skills, talents and instinct for rapid action that RE:ACT has more typically deployed overseas.

5

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

On March 27[th] 2020, our first wave of ten Responders were deployed as Regional Liaison Officers, tasked with embedding themselves with Local Resilience Forums and the military’s Joint Regional Liaison Officers, to build situational awareness at a regional level. This information was reported back to our central Operations Team, who were then able to build a national picture of critical needs and emerging threats. A team of Information Managers assessed and prioritised each need, matching them with the most appropriate resource, whilst Field Ops Managers planned and coordinated each task. If RE:ACT did not have the capability to meet the need, we identified those organisations that could, to ensure support was given.

RE:ACT shared its common operating picture with all stakeholders, becoming an important conduit between the voluntary sector and the military, and driving cross-sector collaboration for an effective, multi-agency response.

RE:ACT was involved at every level of the UK’s emergency response – from strategic to operational and tactical – providing critical situational awareness, emergency planning and coordination, as well as volunteers on the ground. Our Responders and volunteers helped support PPE and emergency food distribution, wellbeing checks, mortuary assistance, surge community testing, vaccination centre marshalling and coordination, ambulance decontamination and restocking, and non-clinical support to NHS hospital critical care units.

To support our COVID response, we recruited over 8,000 spontaneous volunteers, mostly from the military veteran community. Our ability to be agile and flexible enabled us to adapt to a highly volatile and dynamic environment, ensuring we could provide critical support to vulnerable communities and people for as long as we were needed.

Over the next year, we estimate that more than 167,000 people directly benefitted from the humanitarian assistance RE:ACT provided.

Training

RE:ACT is founded on the ability to deliver highly skilled and experienced people, at speed, to areas where there is great need. We have a small central team, but the greatest asset we have is our network of volunteers and Responders. These are very often military or emergency service veterans, who we have trained for humanitarian operations.

6

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

In a typical year we would look to hold several in-person training courses, at a range of levels so that we are able to maintain a pool of suitable and available volunteers able to deploy at short notice.

Because of COVID we have had to adapt our training in the year to March 2021. As we were unable to run in-person training courses, RE:ACT instead developed online training capabilities, launching our online RE:ACT Basic Training in late January 2021.

Since March 2021, we have restarted in-person training but will continue to invest in online provision.

Financial Review

The impact of COVID was felt across the organisation and its activities in the year. Traditional fundraising was severely curtailed, as were international deployments.

At the same time there was significant need for RE:ACT and for our volunteers and Responders across the UK in supporting a wide range of COVID activities. This included resourcing vaccination sites, providing non-clinical support to hospital COVID wards, supporting surge community testing, and helping to operate temporary mortuaries.

The charity was fortunate to receive significant donations in response to its UK Op RE:ACT deployment which defrayed the costs of training, deploying and overseeing very large numbers of volunteers and RE:ACT trained Responders in the UK.

In addition, RE:SILIENT Response, the charity’s trading subsidiary, commenced trading in the year and has developed a strong commercial offering, focussed on the rapid establishment and resourcing of COVID testing facilities for commercial counterparts and subsequently on delivering COVID crisis-related resourcing to the public sector. RE:SILIENT generated revenues in the financial year to 31 March 2021 of over £6,000,000. All profits from RE:SILIENT are donated to the charity to support its humanitarian work.

7

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

Together with the increase in donations following Op RE:ACT, this saw the group end the year with a strong balance sheet. At 31 March 2021, the RE:ACT group as a whole had more than £2,000,000 in cash balances. The group had financial indebtedness of £110,000, which has been fully repaid since the balance sheet date.

We recognise that the COVID-related income and costs seen in the year to 31 March 2021 may not be repeated, and so we continue to look to develop both fundraising for RE:ACT and the commercial potential of RE:SILIENT to ensure that we are able to deliver our charitable objectives sustainably in the future.

RE:ACT is grateful to all its donors and supporters. We do receive pro-bono and reduced-cost goods and services not limited to, reduced flight costs, technical communications equipment and services, strategic consultancy, and legal advice. As we would not expect to otherwise incur these costs, they are not generally recognised in our accounts.

Principal Risks and Uncertainties

The level of organisational risk facing the charity and the wider group continue to centre around loss of operational capability, insufficient funding or, due to the focus of RE:ACT’s humanitarian work, a safeguarding failure.

Specifically:

Risk to our operational capability being undermined means we place emphasis on ensuring we have enough volunteers to deliver tasks and maintain relationships with the key operational partners both domestically and internationally.

Risk to our reputation is managed by constant reinforcement of our values, proper assessment of the key areas of risk and strong communication. We take safeguarding and the welfare of our team of staff and volunteers very seriously.

8

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

The risk of insufficient funding remains extant for a donor-led funding model such as ours. In addition to targeted, proactive engagement with those identified within our funding pipeline, our commercial arm has successfully created significant value during the year.

Reserves Policy

The RE:ACT Disaster Response policy is to target a level of reserves that represents six months’ core operating expenditure, currently being approximately £600,000.

At the end of March 2021, the Charity had consolidated total funds of £1,758,799 of which £1,428,437 was unrestricted. Free reserves (being unrestricted funds, less any designated funds set aside for essential future spending, less the net book value of fixed assets) were £1,406,647. This includes the reserves held by the Charity’s trading subsidiary. Subsequent to the year-end, RE:SILIENT donated all of its profits for the period ended 31 March 2021 to the Charity.

The balance in excess of the reserves target will be available to invest in further developing our operational capabilities both domestically and overseas and to support volunteer and responder engagement and training over time.

Future Plans

RE:ACT Disaster Response plans to continue its growth in 2021-22 in line with the board-led strategic plan. The five key areas of development are:

Approach to fundraising

We continue to look to enhance our ability to deliver humanitarian action by securing a fundraising pipeline. There was a significant shift in funds raised over

9

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

the course of the year, driven by the UK COVID response and the inability to travel internationally in response to overseas crises.

As noted above we were grateful to have received donations and grants to support the intensive COVID work we conducted in the UK through Op RE:ACT. That support enabled us to deliver the very high volume of tasks across the whole country in the year.

COVID remains a significant driver of RE:ACT’s operational activities post 31 March 2021, but the charity is now looking to rebuild its traditional fundraising activity.

The charity has made great strides in bringing our previous experience to bear domestically, and we are now core members of the Voluntary Community Sector Emergencies Partnership (VCSEP); widely recognised within the resilience community in the UK, by Central Government, by the NHS and many Local Authorities and many others who have benefitted from having RE:ACT supporting them this year.

We acquired many new donors through wave 1 of the COVID crisis with the most notable being a £500,000 grant from the BlackRock fund of Tides Foundation. This is funding an ongoing programme to enhance our ability to attract, train and engage with our volunteers. Our valued partnership with Inmarsat continued, resulting in a further $100,000 donation. We also received $200,000 from Team Rubicon USA to support our independent rebranding as RE:ACT Disaster Response.

Over the course of Op RE:ACT we also received significant funding from the UK government’s package of COVID support measures for the voluntary and community sector, and we were extremely grateful for financial support from other bodies we worked with, such as a number of NHS Trusts and County Councils. We received funding from the CAF Resilience Fund, and also received generous grants from the Veterans Foundation, National Emergencies Trust, The Treebeard Trust, The City of London Corporation, EMSO Asset Management, Mark Smallwood, the Worshipful Company of Grocers, the Edward Gostling Foundation, from The Sun Giveaway, from Hans and Julia Rausing and from Mike McGhee amongst very many others. We are very grateful to all those who supported our operations.

10

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

Future fundraising plans:

RE:ACT Disaster Response is registered with the Fundraising Regulator and complies with their codes of operation with no breaches during this reporting period.

There is a RE:ACT Disaster Response Complaints Register and no complaints have been received during this reporting period.

The nature of how and where RE:ACT Disaster Response operates means we take our safeguarding responsibility towards vulnerable people very seriously, be they victims of a disaster that we are responding to, or our own employees and volunteers. We have a detailed Safeguarding Policy which is regularly reviewed, the responsibilities of the Trustees are re-stated at Board Meetings, and Safeguarding forms part of the curriculum on all our training courses which will include scenarios and role play where appropriate.

Structure, Governance and Management

RE:ACT Disaster Response is a charitable company limited by guarantee, incorporated on 17 June 2015 and registered as a charity on 19 August 2015.

The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed under its articles of association.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in Note 7 to the accounts.

11

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

Day-to-day operations are delegated to the Chief Executive and the Senior Management Team. Trustees meet four times a year and provide strategic direction and governance oversight.

All new trustees are provided with an induction pack, which includes the charity's Memorandum of Association, a statement of trustee roles and responsibilities, conflict of interest policy and relevant guidance from the Charity Commission. The Chair meets with each new trustee individually and a programme of support and training is available for new trustees.

RE:ACT owns 100% of the share of RE:SILIENT Response Ltd. RE:SILIENT is a limited company, registered in England & Wales, and was incorporated on 28[th] August 2018 as Perdix International Ltd. In 2020, the name was changed to RE:SILIENT Response Ltd, and the company started to trade.

Appointment of Trustees

The board of RE:ACT Disaster Response selects trustees based on their skills and experience to ensure that there is a good professional and cultural fit.

Related Parties and Relationships with other Organisations

Early in the year to March 2021, RE:ACT Disaster Response left the Team Rubicon network and we are now an independent group, operating under the RE:ACT Disaster Response brand.

Two of RE:ACT Disaster Response’s trustees (including the Chair) also previously served as trustees on the Team Rubicon Global Board.

Remuneration Policy for Key Management Personnel

To be effective, RE:ACT Disaster Response must attract and retain the right staff and reward good work. The Remuneration Committee recommends pay rates to the board and sets the Chief Executive’s remuneration, with other key management salaries set by the Chief Executive in conjunction with the board, taking account of remuneration for similar roles within the sector. The board reviews remuneration annually as part of the annual budgeting process.

12

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

Statement of Responsibilities of the Trustees

The trustees (who are also directors of RE:ACT Disaster Response for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, giving a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and taking reasonable steps to prevent and detect fraud and other irregularities.

Insofar as the trustees are aware, there is no relevant audit information of which the charitable company’s auditor is unaware. The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

13

RE:ACT Disaster Response Limited

Trustees’ annual report

For the year ended 31 March 2021

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees as of 31 March 2021 was 9 (2020 – 8). The trustees are members of the charity, but this only entitles them to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to act in that capacity.

The directors’ annual report has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

The trustees’ annual report was approved by the trustees on 27[th] January 2022 and signed on their behalf by

Sir Nick Parker

Chair

14

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

Independent auditor’s report to the members of RE:ACT Disaster Response Limited

Opinion

We have audited the financial statements of RE:ACT Disaster Response (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2021 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

15

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on RE:ACT Disaster Response’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the trustees’ annual report, other than the group financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the group financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

16

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

17

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

18

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the

19

Independent auditor’s report

To the members of RE:ACT Disaster Response Limited

For the year ended 31 March 2021

charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

31 January 2022

for and on behalf of Sayer Vincent LLP, Statutory Auditor

Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

20

RE:ACT Disaster Response Limited

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2021

Unrestricted
Note
£
Income from:
2
633,465
3
793,767
4
6,076,189
250
7,503,671
5
253,383
5
5,036,647
5
518,089
5
144,827
5
139,035
6,091,981
-
6
1,411,690
18a, b
-
1,411,690
18a, b
1,411,690
Reconciliation of funds:
16,747
1,428,437
Interest income
Total income
Expenditure on:
Donations and legacies
Charitable activities
Other trading activities
Charitable Operations
Raising funds - charity
Net income / (expenditure) for the year
Total expenditure
Net income / (expenditure) before net gains
/ (losses) on investments
Charitable activities
Operations
Training
Membership
Net gains / (losses) on investments
Raising funds - trading activities
1,411,690
Total funds brought forward
Total funds carried forward
Transfers between funds
Net income / (expenditure) before other
recognised gains and losses
Net movement in funds		 Unrestricted
Note
£
Income from:
2
633,465
3
793,767
4
6,076,189
250
7,503,671
5
253,383
5
5,036,647
5
518,089
5
144,827
5
139,035
6,091,981
-
6
1,411,690
18a, b
-
1,411,690
18a, b
1,411,690
Reconciliation of funds:
16,747
1,428,437
Interest income
Total income
Expenditure on:
Donations and legacies
Charitable activities
Other trading activities
Charitable Operations
Raising funds - charity
Net income / (expenditure) for the year
Total expenditure
Net income / (expenditure) before net gains
/ (losses) on investments
Charitable activities
Operations
Training
Membership
Net gains / (losses) on investments
Raising funds - trading activities
1,411,690
Total funds brought forward
Total funds carried forward
Transfers between funds
Net income / (expenditure) before other
recognised gains and losses
Net movement in funds		 Restricted
£
586,016
-
-
-		 2021
Total
£
1,219,481
793,767
6,076,189
250
8,089,687
253,383
5,036,647
636,465
144,827
322,042
6,393,364
-
1,696,323
-
1,696,323
1,696,323
62,476
1,758,799
1,696,323		 Unrestricted
£
295,141
59,615
-
-		 Restricted
£
557,531
-
-
-		 2020
Total
£
852,672
59,615
-
-
7,503,671 586,016 354,756 557,531 912,287
253,383
5,036,647
518,089
144,827
139,035		 -
-
118,376
-
183,007		 165,354
-
199,435
180,821
119,947		 -
-
492,556
-
-		 165,354
-
691,991
180,821
119,947
6,091,981 301,383 665,557 492,556 1,158,113
-
1,411,690		 -
284,633		 465
(310,801)		 -
64,975		 465
(245,826)
1,411,690
-		 284,633
-		 (310,336)
80,000		 64,975
(80,000)		 (245,361)
-
1,411,690 284,633 (230,336) (15,025) (245,361)
1,411,690
16,747		 284,633
45,729		 (230,336)
247,083		 (15,025)
60,754		 (245,361)
307,837
1,428,437 330,362 16,747 45,729 62,476

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

21

RE:ACT Disaster Response Limited

Company no. 09644561

Consolidated and Charity Balance Sheets

As at 31 March 2021

2021
2020
Note
£
£
Fixed assets:
11
21,790
25,635
12
-
-
21,790
25,635
Current assets:
14
1,459,183
52,372
2,061,232
157,311
3,520,415
209,683
Liabilities:
15
(1,783,406)
(22,842)
1,737,009
186,841
1,758,799
212,476
16
-
(150,000)
1,758,799
62,476
17a, b
330,362
45,729
440,730
16,747
987,707
-
Total unrestricted funds
1,428,437
16,747
1,758,799
62,476
Total funds
Investments
Cash at bank and in hand
Tangible assets
The group
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Restricted income funds
Unrestricted income funds:
General funds
Non-charitable subsidiary funds
Total assets less current liabilities
Debtors
Funds:		 2021
2020
Note
£
£
Fixed assets:
11
21,790
25,635
12
-
-
21,790
25,635
Current assets:
14
1,459,183
52,372
2,061,232
157,311
3,520,415
209,683
Liabilities:
15
(1,783,406)
(22,842)
1,737,009
186,841
1,758,799
212,476
16
-
(150,000)
1,758,799
62,476
17a, b
330,362
45,729
440,730
16,747
987,707
-
Total unrestricted funds
1,428,437
16,747
1,758,799
62,476
Total funds
Investments
Cash at bank and in hand
Tangible assets
The group
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Restricted income funds
Unrestricted income funds:
General funds
Non-charitable subsidiary funds
Total assets less current liabilities
Debtors
Funds:		 2021
2020
Note
£
£
Fixed assets:
11
21,790
25,635
12
-
-
21,790
25,635
Current assets:
14
1,459,183
52,372
2,061,232
157,311
3,520,415
209,683
Liabilities:
15
(1,783,406)
(22,842)
1,737,009
186,841
1,758,799
212,476
16
-
(150,000)
1,758,799
62,476
17a, b
330,362
45,729
440,730
16,747
987,707
-
Total unrestricted funds
1,428,437
16,747
1,758,799
62,476
Total funds
Investments
Cash at bank and in hand
Tangible assets
The group
Creditors: amounts falling due within one year
Net current assets
Total net assets
Creditors: amounts falling due after one year
Restricted income funds
Unrestricted income funds:
General funds
Non-charitable subsidiary funds
Total assets less current liabilities
Debtors
Funds:		 2021
2020
£
£
18,647
25,635
2
2
18,649
25,637
292,802
52,372
752,493
157,311
1,045,295
209,683
(292,852)
(22,844)
752,443
186,839
771,092
212,476
-
(150,000)
771,092
62,476
330,362
45,729
440,730
16,747
-
-
440,730
16,747
771,092
62,476
The charity		 2021
2020
£
£
18,647
25,635
2
2
18,649
25,637
292,802
52,372
752,493
157,311
1,045,295
209,683
(292,852)
(22,844)
752,443
186,839
771,092
212,476
-
(150,000)
771,092
62,476
330,362
45,729
440,730
16,747
-
-
440,730
16,747
771,092
62,476
The charity
21,790
1,459,183
2,061,232		 25,635
52,372
157,311		 18,649
292,802
752,493		 25,637
52,372
157,311
3,520,415
(1,783,406)		 209,683
(22,842)		 1,045,295
(292,852)		 209,683
(22,844)
1,737,009 186,841 752,443 186,839
1,758,799
-		 212,476
(150,000)		 771,092
-		 212,476
(150,000)
1,758,799 62,476 771,092 62,476
45,729
16,747
-		 330,362
440,730
-		 45,729
16,747
-
1,428,437 16,747 440,730 16,747
1,758,799 62,476 771,092 62,476

Approved by the trustees on 27th January 2022 and signed on their behalf by

Sir Nick Parker Chair

22

RE:ACT Disaster Response Limited

Consolidated statement of cash flows

For the year ended 31 March 2021

Note
£
£
Net income / (expenditure) for the reporting period
1,696,323
(as per the statement of financial activities)
Depreciation charges
16,261
Losses on exchange rates
344
Dividends, interest and rent from investments
(250)
Loss on the disposal of fixed assets
1,195
(Increase)/decrease in debtors
(1,406,811)
Increase in creditors
1,650,564
Net cash provided by / (used in) operating activities
1,957,626
250
700
(14,311)
-
(13,361)
(90,000)
50,000
(40,000)
1,904,265
157,311
(344)
a
2,061,232
Analysis of cash and cash equivalents and of net debt
At 1 April
2020
Cash flows
£
£
Cash at bank and in hand
157,311
1,904,265
a
Total cash and cash equivalents
157,311
1,904,265
Loans falling due within one year
-
-
Loans falling due after more than one year
150,000
(40,000)
Finance lease obligations
-
-
Total
150,000
(40,000)
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash (used in) financing activities
Change in cash and cash equivalents in the year
Change in cash and cash equivalents due to
exchange rate movements
2021
Repayments of borrowing
Cash inflows from new borrowing
Cash flows from operating activities
Cash flows from financing activities:
Net cash (used in) / provided by investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of fixed assets
Purchase of fixed assets
Proceeds from sale of investments		 Note
£
£
Net income / (expenditure) for the reporting period
1,696,323
(as per the statement of financial activities)
Depreciation charges
16,261
Losses on exchange rates
344
Dividends, interest and rent from investments
(250)
Loss on the disposal of fixed assets
1,195
(Increase)/decrease in debtors
(1,406,811)
Increase in creditors
1,650,564
Net cash provided by / (used in) operating activities
1,957,626
250
700
(14,311)
-
(13,361)
(90,000)
50,000
(40,000)
1,904,265
157,311
(344)
a
2,061,232
Analysis of cash and cash equivalents and of net debt
At 1 April
2020
Cash flows
£
£
Cash at bank and in hand
157,311
1,904,265
a
Total cash and cash equivalents
157,311
1,904,265
Loans falling due within one year
-
-
Loans falling due after more than one year
150,000
(40,000)
Finance lease obligations
-
-
Total
150,000
(40,000)
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash (used in) financing activities
Change in cash and cash equivalents in the year
Change in cash and cash equivalents due to
exchange rate movements
2021
Repayments of borrowing
Cash inflows from new borrowing
Cash flows from operating activities
Cash flows from financing activities:
Net cash (used in) / provided by investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of fixed assets
Purchase of fixed assets
Proceeds from sale of investments		 Note
£
£
Net income / (expenditure) for the reporting period
1,696,323
(as per the statement of financial activities)
Depreciation charges
16,261
Losses on exchange rates
344
Dividends, interest and rent from investments
(250)
Loss on the disposal of fixed assets
1,195
(Increase)/decrease in debtors
(1,406,811)
Increase in creditors
1,650,564
Net cash provided by / (used in) operating activities
1,957,626
250
700
(14,311)
-
(13,361)
(90,000)
50,000
(40,000)
1,904,265
157,311
(344)
a
2,061,232
Analysis of cash and cash equivalents and of net debt
At 1 April
2020
Cash flows
£
£
Cash at bank and in hand
157,311
1,904,265
a
Total cash and cash equivalents
157,311
1,904,265
Loans falling due within one year
-
-
Loans falling due after more than one year
150,000
(40,000)
Finance lease obligations
-
-
Total
150,000
(40,000)
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Net cash (used in) financing activities
Change in cash and cash equivalents in the year
Change in cash and cash equivalents due to
exchange rate movements
2021
Repayments of borrowing
Cash inflows from new borrowing
Cash flows from operating activities
Cash flows from financing activities:
Net cash (used in) / provided by investing activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of fixed assets
Purchase of fixed assets
Proceeds from sale of investments		 £
£
(245,361)
19,559
5,834
(465)
30,333
36,672
74,241
(79,187)
57
-
(1,080)
105,241
104,218
-
-
-
25,031
138,114
(5,834)
157,311
Other non-
cash
changes
At 31 March
2021
£
£
(344)
2,061,232
(344)
2,061,232
110,000
110,000
(110,000)
-
-
-
-
110,000
2020		 £
£
(245,361)
19,559
5,834
(465)
30,333
36,672
74,241
(79,187)
57
-
(1,080)
105,241
104,218
-
-
-
25,031
138,114
(5,834)
157,311
Other non-
cash
changes
At 31 March
2021
£
£
(344)
2,061,232
(344)
2,061,232
110,000
110,000
(110,000)
-
-
-
-
110,000
2020
1,957,626
(13,361)
(40,000)		 (79,187)
104,218
-
(90,000)
50,000		 -
-
At 1 April
2020
£
157,311		 Other non-
cash
changes
£
(344)
1,904,265
157,311
(344)		 25,031
138,114
(5,834)
2,061,232 157,311
Cash flows
£
1,904,265		 At 31 March
2021
£
2,061,232
157,311 1,904,265 (344) 2,061,232
-
150,000
-		 -
(40,000)
-		 110,000
(110,000)
-		 110,000
-
-
150,000 (40,000) - 110,000

23

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

a) Statutory information

b) Basis of preparation

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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006/Charities Act 2011.

These financial statements consolidate the results of the charity and its wholly-owned subsidiary RE:SILIENT Response Ltd on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented (because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006).

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

24

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Cost of raising funds 19.00%
Operations 46.00%
Volunteer training 11.00%
Membership 24.00%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

25

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £250. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment 4 years
Motor vehicles 4 years
Fixtures and fittings 4 years
Plant and machinery 4 years

l) Investments in subsidiaries

Investments in subsidiaries are held at cost.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Short term deposits

Short term deposits includes cash balances that are invested in accounts with a maturity date of between 3 and 12 months.

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

q) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of loans which are subsequently measured at amortised cost using the effective interest method.

r) Pensions

The group operates defined contribution pension schemes. The assets of the schemes are held separately from each other and from the those of the charitable company and its subsidiary, in independently administered funds. The pension cost charge represents contributions payable under the schemes. The charitable company has no liability under the scheme other than for the payment of those contributions.

26

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

1 Accounting policies (continued)

s) Critical accounting judgements and key sources of estimation uncertainty

Key judgements that the charity has made which may have a significant effect on the accounts include the categorisation of income between donations and income from charitable activities.

The trustees do not consider that there are any sources of estimate uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2 Income from donations and legacies

Grants
Donations		 Unrestricted
£
68,000
565,465		 £
33,000
553,016
Restricted		 2021
Total
£
101,000
1,118,481		 Unrestricted
£
20,000
275,141		 £
154,748
402,783
Restricted		 2020
Total
£
174,748
677,924
633,465 586,016 1,219,481 295,141 557,531 852,672

3 Income from charitable activities

Unrestricted
£
Charitable operations
793,767
793,767
Unrestricted
£
Trading Activities
6,076,189
6,076,189
Income from other trading activities
Total income from
charitable activities		 Unrestricted
£
793,767		 £
-
Restricted		 2021
Total
£
793,767		 Unrestricted
£
59,615		 £
-
Restricted		 2020
Total
£
59,615
793,767 - 793,767 59,615 - 59,615
£
-
Restricted		 2021
Total
£
6,076,189		 Unrestricted
£
-		 £
-
Restricted		 2020
Total
£
-
6,076,189 - 6,076,189 - - -

4 Income from other trading activities

27

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

5a Analysis of expenditure (current year)

Charity
Trading
activities
£
£
Staff costs (Note 7)
172,040
378,647
Other staff costs
-
5,255
Project costs
561
4,536,533
Direct fundraising costs
-
-
Support costs:
Consultancy
-
-
Depreciation
2,752
74
Facilities & Technology
27,170
7,596
Insurance
8,703
73,644
Legal and professional fees
30,922
33,516
Travel
-
1,382
Loss on disposal of fixed assets
-
-
242,148
5,036,647
Governance costs
11,235
-
Total expenditure 2021
253,383
5,036,647
Total expenditure 2020
165,354
-
Fundraising		 Fundraising Fundraising Charitable activities Charitable activities Charitable activities Governance
costs
£
40,640
-
197
-
-
647
1,391
2,135
14,934
-
-		 2021 Total
£
1,007,447
5,784
4,890,969
-
-
16,261
236,984
124,924
101,243
8,557
1,195		 2020
Total
£
525,729
4,987
104,134
3,876
155,378
19,559
147,121
48,330
50,442
68,224
30,333
Trading
activities
£
378,647
5,255
4,536,533
-
-
74
7,596
73,644
33,516
1,382
-		 Operations
£
214,758
529
339,777
-
-
8,417
9,988
26,620
-
7,175
1,195		 Training
£
93,084
-
137
-
-
1,619
16,575
5,119
21,871
-
-		 Membership
£
108,279
-
13,764
-
-
2,752
174,264
8,703
-
-
-
242,148
11,235		 5,036,647
-		 608,459
28,006		 138,405
6,422		 307,762
14,280		 59,943
(59,943)		 6,393,364
-		 1,158,113
-
253,383 5,036,647 636,465 144,827 322,042 6,393,364 1,158,113
165,354 - 691,991 180,821 119,947 -

28

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

5b Analysis of expenditure (prior year)

Charity
Trading
activities
£
£
Staff costs (Note 7)
113,841
-
Other staff costs
749
-
Project costs
-
-
Direct fundraising costs
3,876
-
Support costs:
Consultancy
18,590
-
Depreciation
1,565
-
Facilities & Technology
10,704
-
Insurance
3,964
-
Legal and professional fees
4,054
-
Travel
2,032
-
Loss on disposal of fixed assets
-
-
159,375
-
Governance costs
5,979
-
Total expenditure 2020
165,354
-
Total expenditure 2019
202,543
-
Fundraising		 Charitable activities Charitable activities Charitable activities Governance
costs
£
34,336
-
562
-
-
-
1,368
423
3,995
1,191
-
41,875
(41,875)
-
-		 2020 Total
£
525,729
4,987
104,134
3,876
155,378
19,559
147,121
48,330
50,442
68,224
30,333
Operations
£
227,016
639
94,810
-
127,386
15,256
48,382
37,384
25,173
60,591
30,333
666,970
25,021
691,991
735,662		 Volunteer
training
£
75,268
3,593
7,998
-
4,701
1,369
65,551
3,280
9,880
2,643
-
174,283
6,538
180,821
241,525		 Membership
£
75,268
6
764
-
4,701
1,369
21,116
3,279
7,340
1,767
-
115,610
4,337
119,947
175,643
1,158,113
-
1,158,113
1,355,373

29

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2021 2020
£ £
Depreciation 16,261 19,559
Loss on disposal of fixed assets 1,195 30,333
Operating lease rentals:
Property 58,134 62,009
Auditor's remuneration (excluding VAT): - -
Audit of the Charity and the Group 7,950 7,850
Audit of subsidiary 4,750 -
Foreign exchange gains or losses 344 5,834

Staff costs were as follows:

Staff costs were as follows:
Social security costs
Redundancy and termination costs
Employer’s contribution to defined contribution pension schemes
Salaries and wages		 2021
£
896,461
-
76,639
34,347		 2020
£
442,681
9,167
45,086
28,795
1,007,447 525,729

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

2021 2020
No. No.
£60,000 - £69,999 1 1
£70,000 - £79,999 - -
£80,000 - £89,999 - -
£90,000 - £99,999 1 1

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel of the group and of charity were £247,801 (2020: £259,992).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £2,732 (2020: £nil) incurred by 2 (2020: 0) members relating to attendance at meetings of the trustees or active operational tasks for RE:ACT.

8 Staff numbers

The average number of employees of the charity (head count based on number of staff employed) during the year was 13 (2020: 11). The average for the group was 23 (2020:11).

30

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

9 Related party transactions

On 15 May 2020 the Board of RE:ACT Disaster Response formally terminated its connection with Team Rubicon Global and Team Rubicon USA. The departure from the TRG network culminated in a payment from TRUSA of $200,000 during the year.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary RE:SILIENT Response Ltd distributes under Gift Aid available profits to the parent charity. Its charge to corporation tax in the year was:

2021 2020
£ £
UK corporation tax at 19% - -

31

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

11 Tangible fixed assets

At the start of the year
Additions in year
Eliminated on disposal
At the end of the year
At the end of the year
At the start of the year
Charge for the year
At the start of the year
Cost or valuation
Depreciation
Net book value
Disposals in year
The group
The charity
At the start of the year
Additions in year
Disposals in year
At the end of the year
At the end of the year
Cost
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 Plant and
Machinery
£
4,109
-
-		 Motor
Vehicles
£
20,405
-
(6,600)		 Fixtures and
Fittings
£
5,406
-
-		 Computer
Equipment
£
48,479
14,311
-		 Total
£
78,399
14,311
(6,600)
4,109 13,805 5,406 62,790 86,110
2,487
1,027
-		 11,822
3,451
(4,705)		 3,025
1,350
-		 35,430
10,433
-		 52,764
16,261
(4,705)
3,514 10,568 4,375 45,863 64,320
595 3,237 1,031 16,927 21,790
1,622 8,583 2,381 13,049 25,635
Plant and
Machinery
£
4,109
-
-		 Motor
Vehicles
£
20,405
-
(6,600)		 Fixtures and
Fittings
£
5,406
-
-		 Computer
Equipment
£
48,479
11,094
-		 Total
£
78,399
11,094
(6,600)
4,109 13,805 5,406 59,573 82,893
2,487
1,027
-
3,514		 11,822
3,451
(4,705)
10,568		 3,025
1,350
-
4,375		 35,430
10,359
-
45,789		 52,764
16,187
(4,705)
64,246
595 3,237 1,031 13,784 18,647
1,622 8,583 2,381 13,049 25,635

All of the above assets are used for charitable purposes.

32

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

12 Subsidiary undertaking

The charity owns the whole of the issued ordinary share capital of RE:SILIENT Response Ltd, a company registered in England. The company number is 11539755. The registered office address is Chilmark, Salisbury, SP3 5DU. The investment is carried at cost of £2 (2020: £2).

RE:SILIENT Response Ltd is used for non-primary purpose trading activities. RE:SILIENT Response Ltd was incorporated on 28th August 2018 and commenced trading in September 2020. All activities have been consolidated on a line by line basis in the statement of financial activities. All taxable profits are expected to be distributed under Gift Aid to the parent charity.

A summary of the results of the subsidiary is shown below:

A summary of the results of the subsidiary is shown below:
Cost recharges payable to parent undertaking
Liabilities
Reserves
Profit / (loss) for the financial year
Taxation on profit on ordinary activities
Profit / (loss) on ordinary activities before taxation
Retained earnings
Total retained earnings brought forward
Profit / (loss) for the financial year
Total retained earnings carried forward
The aggregate of the assets, liabilities and reserves was:
Assets
Turnover
Cost of sales
Profit/(loss) on ordinary activities before interest and taxation
Interest receivable and similar income
Gross profit/(loss)
Administrative expenses		 2021
£
6,076,189
(4,809,458)		 2020
£
-
-
1,266,731
(226,845)
(52,182)		 -
-
-
987,704
3		 -
-
987,707
-		 -
-
987,707 -
-
987,707		 -
-
987,707 -
2,501,789
(1,514,080)		 -
-
987,709 -

Amounts owed to/from the parent undertaking are shown in note 14.

33

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

13 Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

2021 2020
£ £
Gross income 2,065,678 912,752
Result for the year 708,617 (245,360)
14
Debtors
PayPal debtor
15
Trade creditors
Accrued income
Creditors: amounts falling due within one year
Other loans
Bank loans
Trade debtors
Other debtors
Prepayments
Amounts due from group undertakings
Other creditors
Accruals
Taxation and social security		 2021
2020
£
£
789,290
-
15,848
45,616
34,990
6,560
-
-
53,200
196
565,855
-
1,459,183
52,372
2021
2020
£
£
50,000
-
60,000
-
823,513
12,291
40,019
-
202,161
3,655
607,713
6,896
1,783,406
22,842
The group
The group		 2021
2020
£
£
218,439
-
15,848
45,616
34,990
6,560
23,525
-
-
196
-
-
292,802
52,372
2021
2020
£
£
50,000
-
60,000
-
66,790
12,291
15,770
-
5,300
3,657
94,992
6,896
292,852
22,844
The charity
The charity
1,783,406 22,842 292,852 22,844

Bank loans totalling £50,000 (2020: £0) are under the Government Bounce Back Loan scheme and are unsecured.

Creditors: amounts falling due after one year
Other loans 2021
2020
£
£
-
150,000
-
150,000
The group		 2021
2020
£
£
-
150,000
-
150,000
The charity
- 150,000 - 150,000

34

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

17a
Analysis of group net assets between funds (current year)		 17a
Analysis of group net assets between funds (current year)		 17a
Analysis of group net assets between funds (current year)
17b
18a
£
£
45,729
86,016
-
500,000
Total restricted funds
45,729
586,016
General funds
16,747
1,427,479
16,747
1,427,479
-
6,076,192
62,476
8,089,687
Analysis of group net assets between funds (prior year)
Non-charitable subsidiary funds
Membership
Movements in funds (current year)
Restricted funds:
Operations
Net assets at 31 March 2021
Net assets at 31 March 2020
Unrestricted funds:
At 1 April
2020
Income &
gains
Total funds
Tangible fixed assets
Net current assets
Tangible fixed assets
Net current assets
Long term liabilities
Total unrestricted funds		 £
21,790
1,406,647
General
unrestricted		 Restricted funds
£
-
330,362		 Total funds
£
21,790
1,737,009
1,428,437 330,362 1,758,799
£
25,635
141,112
(150,000)
General
unrestricted		 Restricted funds
£
-
45,729
-		 Total funds
£
25,635
186,841
(150,000)
16,747 45,729 62,476
£
(118,376)
(183,007)
Expenditure
& losses		 £
-
-
Transfers		 £
13,369
316,993
At 31 March
2021
45,729 586,016 (301,383) - 330,362
16,747 1,427,479 (1,003,496) - 440,730
16,747 1,427,479 (1,003,496) - 440,730
- 6,076,192 (5,088,485) - 987,707
62,476 8,089,687 (6,393,364) - 1,758,799

The narrative to explain the purpose of each fund is given at the foot of the note below.

35

RE:ACT Disaster Response Limited

Notes to the financial statements

For the year ended 31 March 2021

Movements in funds (prior year)
Total restricted funds
General funds
Restricted funds:
Operations
Unrestricted funds:
Total funds
Total unrestricted funds		 £
60,754
At 1 April
2019		 £
557,531
Income &
gains		 £
(492,556)
Expenditure
& losses		 £
(80,000)
Transfers		 £
45,729
At 31 March
2020
60,754 557,531 (492,556) (80,000) 45,729
247,083 355,221 (665,557) 80,000 16,747
247,083 355,221 (665,557) 80,000 16,747
307,837 912,752 (1,158,113) - 62,476

Purposes of restricted funds

RE:ACT Disaster Response received restricted funds from several sources during the financial year for specific projects or operations. Funds fully or partially spent in the year include:

Membership Fund: BlackRock fund of Tides Foundation grant to recruit, engage with, train, and activate volunteers.

Operations: Op RE:ACT Fund: the charity received a very large volume of donations and grants to support its work on the COVID crisis in the UK.

Funds received in year but projects postponed:

Bahamas Fund: donations for further support in Bahamas following on from RE:ACT's response to Hurricane Dorian in 2019. Action was postponed due to COVID travel restrictions.

Funds received in prior periods not yet spent:

Sierra Leone Fund: funds for use in Sierra Leone operations, deferred due to COVID restrictions.

19 Operating lease commitments payable as a lessee

The charity's and the group's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

Less than one year
One to five years		 2021
2020
£
£
15,505
58,139
-
15,505
15,505
73,644
Property		 2021
2020
£
£
15,505
58,139
-
15,505
15,505
73,644
Property
15,505 73,644

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

20 Legal status of the charity

36