Chgriry r¢gi5trdtion Umber. I169108 Reach It+ yiii.iiuaiily Projecis Reach Community Projects (CIO) ADnual Report and Financial Statements forth¢ Year Ended 30 September 2023
Reach Communlty Projects (CIO) Contents {contlnued} R¢f¢rence and Adnjinistrative Details Tnte¢s, Report 2to 10 Independent Examiner'5 Reptsrt Statemcnt of Financial Activities 12 Balan¢¢ Sh¢ 13 Notes io the Financial Slat¢ments 14to24
Reach Communlty Projects (CIO) Reference and Admfinlstrydtive Details Trus¢ees Roy Gral]am Gavirt Rowde Claire Dam¢ott Kirstth Newble Le1 Carter Sensor MAnagement l Leadership Henry Wilson MBE Team Annetta Record Justine Canllni5s-stsiWk Charity Rtglstr8tlon Numbtr 1169108 IndepeDden¢ Ex*mitter Burd¢tt K]'ng Accowitan¢y Limited 8 The H8miltons Newmark¢t Suffolk CB8 ONF Page I
Reach Communlty Projects (CIO) Trustees, Report REACH Community Projects (CIO) This¢eu' Report The trustees present the annual report tO8etheT with thc financial stalemenis of th¢ ¢barity for the year elld¢d 30 Sepi¢mber 2023. Trust¢es Roy Graham Alison Cborley Gavin Rowden David H(>w¢ll Clairc DarTa¢ott Flourishing) Thrivingp CommHThilies Haverhill is an area of great ne¢d, ¢T¢t¢rised by high levels of social depriv4ti0]4 debt ujd low income. At REACH we b¢lieve that ¢veryone deserves to live their life to the full. However. fin8n¢ial crisis aDd hardship r¢lat¢d issues hav¢ a dcvastating effect on individual and family life. D¢bL low income, and hom¢1¢55ness can lead to mcnlal bcalth problcms, relationship breakdo1, low aspiralion, marginalisation, poor health and low 5elf-esteem. REACH is an independent charity that believes in a r¢lational handbolding approach to helping families and iThJividuals who are suffering froD] or stnjggling with the effccts of flnancial crisis or hardship. This includes dcbt adviee, ber]t help, housing, emergency food and uiility assi5tan¢¢ more. We have a vision to see Ilourlshing. thrlving a[ resilient tomrnuDltk$ where liv¢8 are traj]sforn and short-tcrm soluiions to financial hardsbip are t)0 lon8er Deeded. Our mission is ro relieve at)d prevent financial hardship whilst tackling the causes and advocatitig for chall8e. We are 8 Hav¢rhill based ch8rity proletlvety tAckltDg poverty and responding to fmancial h&rdship. Our priorities are.. Lifting people out of bardship and financial Crisis Preventing p¢ople from falling into hardship and finallcial ctisis Advocatin8 for change througb infju¢ncin8 aj lo¢al canwaigning Our four areas of WO ate.. Prevention: Proactively preVeing fvture financial hardsbip through education and strcngthening bcspokc 5UPPOrt syste]TL% {e.g., ¢on)rnunity ¢onnectoi role) Poli¢y: Advoc?ting for change through influth)cit)g, aTKi eoll¢ctively developijhg po]icy io thckle issues that ate facing our local eommunily Long¢r-ttrm smpport: AlleYiatill8 financi hardsbip through incorne maxin)ss8tion alld debt advice Emergethey aid: Providing imm1&¢C short-tern) support to #llewa flnancial crisis Our approach is to: Crcate tircles of support io PTomote tlourishlng families and ]J]vIdual$ Tackling the root eu$e$ and drivers of financial hardship c¥llalgnlg and influtndng for cb*nEe IncoOratIng the voice of ow comrtwrrity, especially the voice of liyed exp¢rience Supporting other neighbouring areas Our foc8 is ort relatiODal hand-holding support- Lt is through relationships that confid¢nce and re$ilienc£ is blIt and there is a better chance of g¢ttin8 Out of flnancial haidship. Through getting motw into ¢lient's pockets, ¢thicatiOffj money MAagemt and influ¢nein8 for a fairer StallOry support system. fewtr people would need shfjrt-tem support. Page 2
Rea¢h Community Projects (CIO) Trust¢es' Report (continued) Iour purpose is to journeywlth people, however long it takes, providing practical help, advie¢. and support.] Alongside our prd¢iical bandholdirtg support, we also use our ¢Aperienc¢, data. and rescarch to feed into the bigger picturc both locally attd nationally w challenge son)e of the unfair stru¢turcs thut k¢¢p people trapped i povety. W¢ recognisc that wc ¢aDnot do it all by ourselves, and therefor¢ rely ot) supptsn and funding from our partners to delivcr on this vision and mission. Partherships tn¢lude The TTussell Trust, CoDJTnu]]ity MoTLey Advice, Suffo]k Mind. The Salvation Arniy. Hzverhill at)d Distii¢l ChuTehes Together, Haverhill Town Council, West Suffo]k CounciL alld Suffolk County Coun¢il, Healthwatch Suffolk, Turning Point {Substs¢ abuse) Gauth, ONE Ilaveihill Partnership. The majority of our ¢ore work is centred around Haverbill Ignd tht Surrounding villages) where we have our head otTice and foodbank eoSe. How¢vei, we have answcred the call to work in pamership with partners nearby towryjs such as Newmarket (The Racing Centr¢) and Halstead {Braintree Foodbank} to deliver our life Changing debt advi¢e and income Tnaximi5atiot) Ibenefits). Our key values are: Reltlonships -we value & t¢latioDal approach that builds tTrL8t and nwkes All the difference. I¢ empowers a person to start b¢lieving in theTnselves and achieve their desired outcome. Genero5ili,_We always believc in being generous first aTKI forem05t. Responslbility -Along5ide g¢ner05ity there has to be responsibility. We beli¢ve in b¢in8 rcsponsible with the Tesour¢es entnJ5ted to us. As much as w¢ wa]k with i perso we re¢ognise that we cannot do li all and people tnust be helped to take resJx)nsibility for their lives. 'tan4o' 8tthude-W¢ Hill WOTk tirelessly to resolve the pcr50n's Situation bu( if we can't do it, we generally know Someone who Can. Honesty-just as w¢ need the people that we ar¢ helping to bc honest with us, we too ne¢d to be honest about whai we tan realistically do to help them. Stru¢tur& governance #md mangemettt Nathre of goverDlng do¢omenl As a Charitable Incorporated Orgat)isation (CIO) we have a Board of fN$t¢es which meets on a regular basis. The board overse¢s and reNrycws the running of the clmrity including car¢fvlly monitoring our fimdillg and our impact on the local tommut)ity. New tsvstees are 8ppoinied based on the skills that they will bring to the trust¢e group. St4ffing: Wc have 17 members of stsff aDd just olle va¢at)cy, a Fundraising Manager. In the last year we reorgani5ed th¢ cx¢cuiive team. th¢ Operations Dir¢ctor be¢ Ihe Deputy CEO aTLd lh¢ Services Director stood down from tbi5 role to tske on Services Development Manag¢r rol¢. Page 3
R¢2ch Communlty Projects (CIO) Trustees, Report (eontinued) •• We satd goodbye to 5 m¢mbers of staff, including Communications Coorditwor moved to Scotland, our temporary Warehouse Team iLader, our Outr¢ach Team L¢ader relted to the Channel Islands, o Projects Administrator who su¢¢¢ssfully ¢ompletrd her Level 3 Business Administration ¢ourse (with disiinction. an ¢xien8ion of her appT¢nticeship with s) IVed to rni&SuffolL und the E-Commer¢e Co-ordinator resÈgned du¢ to worhealth. In ftm), w¢ welcomed 6 new memlKrs of the team. A Welfare Advisor in Oetober, a penna¢ W8r¢house Manager in Jalluary, an AdrniTti5tra¢ion Officer in Febtwary {to back fill the va¢aNy ¢reatd WI) lh¢ allTent role holder moved Communications Team Leader). We also appoint¢d a Cotnmuni¢atioD5 Coordinator in Febnry. an Outreach Team Ixader in April and an Administrator who supports the debt team in June. We a]so t(K)k th¢ decision to take on a fu]l-tim¢ Fundraising M8na8er and srart¢d to advenise this towards of the ruw1] year, which also meant that we began the piocess of ending our relationship WAth our exiernfjl ¢onsultant. Volunteering: Our voluntcetitig numbers coniinue to buck ihe trend regionally aod nationally. We now have over 90 active volunteers. The Upward trend of new voluDteErs ha$ now slowed., howev¢r. we do have new projects CoMu on stream ov¢r the nexi 12 months that wryll llced vtslunt¢¢r3 to ensure ihey aTe run effe¢iiv¢ly. Operations: This last y¢ar has seen us work on our plans to be¢om¢ jnore acc¢5$ible across the towi and move away from a Single point of op¢ralions. W¢ ceased using our Resow¢¢ Centrc from Aug1 2023 in favour of 'ColltiOn CeDtres'. Throughout the year w¢ ¢oniinued to gr(bw these across the towTr. AS of th¢ end of September, we are operating from the Chaikstone Community Ctntre on a Monday and Wednesday, th¢ CleD]ents Community Centre on a Tuesday, Next Door Coffte Shop on a Thursday and Si Mary's Church on a Friday. These are mostly 5tafftd by voluoleers, w¢ do have a memb¢r of tbe outr¢a¢h teatn availabk to deal with ally con]plex us¢s that do just drop in. Pa8e 4
Reach Community Projects (CIO) Trustees, Report (continued) With r¢gards to meeting clients for more illepth neting5 such a8 debt and benefit worL if these are tt ¢arried out in cli¢nl$' hornes. we have built on our relationship with the Salvaiion Arniy ond are making use of their High Strt preseD¢e, 'The Link. along with the mceting r(M)m5 at Chalk5tone CoD)muDity Centre. Our eBay Shfyp: The ¢Bay shop had not bcen perfonning 8s well as it did throughout the first 2 years of opcratio]J {2019-2021). It was barely breaking cven by the yle 2022, despite looking ai othcr ways to driv¢ up sales. With th¢ lon84erm 5ickncss atMI sub-sequetst resigllation of our eBay coordinator. we took th¢ opportunity to reNi¢w the opcration, e.g.. could li be effectively by volunteer5? This coupled with the fact that we We nmning out of spa¢¢ in the office to htsus¢ an ever-browing team of VolteerS at)d staff. We therefore decided to close du's operation and make use of ih¢'eBay r(x)m' in May 2023. Publ1¢ beneflt: The tnistees confim) tbat ih¢y have ¢ornplied the requirements of section 17 of the ChaTiii¢S Aet 2011 to have due rewdrd io the public benefii guidance published by the Charily Commission for England 8nd Wal¢$. Achievtnxnts #nd p¢rforDwite A Note from tb¢ Chief Executlye Officer: As you can ima8ine, It ha5 been an in¢r¢dibly cball¢D8ing year with increased for ow scrvi¢es during ihe worst 'C05t-of-living' crisis in nearly 40 years. HOv¢r, l am pl&qsed io report ihat we hav¢ beell abl¢ to press on with sonK of ow platss 8S Outlined beltsw. Wh#1 we've dolle- Along ryth assisting 2959 people facing poverty in HYerhlll &nd tht surrollndlng Area througbout the last year, ow highest number ¢ver,' we have taken an opportunity offered to U5 by Suffolk County Cowi¢il to pilot a 3-month Schools budgeting proje¢L Ow Volunieer Coordinator lawhched a yOg people's voluniecring prograjnnw. W¢ partncred Haverhill co¢11 to pilot a ¢ookin8 and bud8tting course. Our Cummunity Organisu crcated, with s¢Yerdl other parln¢rs, a Mentsl Health Actiom Group its campaign for better mentsl health services in Haverhill. tn addition. we have in¢r¢ased our ftont-linc hours fron) 150 hours plw to 172.5. Thi5 has enabled us to taekie a huge inciea5e in our workload, for example. S¢¢lDg 75•/0 tllore families struggling with complex deb( nearly 5/4 of these had rent or mortgage aearS. We also ¢onliDued io work on data coll¢clioN impact me&5urement, sustainability as well as sceking greaier strdlesic foc. This has led to cai¢gorising our piojects under the following 3 headings= Emer8enGy aid {emergency food, utilities, Cliet aid etc.) tA>nger ierni support (debt and welfare work) Prevention {schools, cooking, at campaigDing) Highllght$ Include: A whopping £639.577 of fin#n¢i21 gain was achieved for 107 faTnilies (sce the 'numbers' $ectiOll low) 153 familie$ were helped with debt, up from 88 for last year 692 young kxople have beeD tzught budgeting sin¢¢ Febnthry 60 yout]8 people have engaged over the year to deliv¢r 266 volunteering h)urs At the e]Jd of Septetnber 2022; w¢ said that we would do the following: streDgthe aDd develop Ineome mAximi51tion team- we now hav¢ a l¢am of volunteers who lre triaging Monday io Friday. The Incom¢ Maximisation part continu¢s to be developed we are not where we would hav¢ hopcd have be¢0 but we are expe¢tin8 this to be fvlly operalional by March 2024. Develop effectlye ev&lwAtlon procts$ to gxuge client's ¢onI1 well4elng- thi$ is currently happening and was launched in May. There are hve8ks required to the data gatherin8 and is ongoing. Pagt 5
Reaeh Community Projects (CIO) Trustees, Report (contlnued) Recruit $pe¢lalist volunteers to earry out more in41tpth datfi sn*lysts #nd reseorth- this Dever really progressed despite pur8Uit)g opportunie$. On Z4 POSitiv¢ note. we have been 8iven some additional fLmdillg to this inio a paid position and is our plans for 2024. Set wp agreements Ivith potential trusted partners to Include dats sharing- thRS is happeninB, we have s¢t #grecments with a f¢w partners. but natIally. this is ottgoin8. Develop 8 debt w¢lfaTe project In Uttle5ford- we began taking on n¢w clients early September {onc¢ th¢ dats sbaring agreerncnt was in place.) Expand our mobile servlce - altbough village hub5 have not been utiliscd, attd we don't have any furthcr plans in pushing this fotivard, we are fijlly op¢ratitsnal in community hubs 5 day5 a Deiiyer mofjry mgnagement coyrsts into Z schools- we have been to 15 diff¢r¢nt schools to deliver budgeting lessons With more planned. A5 of the end of September 692 young peoplc had received budgetin8 lessons from Tracey, our outreach advisor / edueator. As ol Scpternber, Trac¢y has taken on th¢ role of 'Edu¢alor' for 15 hours pjw delivering budgeling to all schools in our ge0phical area. Continue tll IYOTk wlth pirth¢rs on ideDtlfySThg ¥Aps kn $ervi¢e proTrislon Following our ¢ornmuDity engag¢m¢nt events i.¢.. regular rnark¢t stalls, High Str¢¢t stalls, surveys ¢tc., sevcral gaps w¢r¢ identified that ¢ontribute towards farnilies falling into fIntal ¢risis and har(tship. These included life skills su¢h as coo ith io Therefore, with the aim of hardship prevention, we have undertaken th¢ followin8.' 'CookitL a Blld et,: We portnered with Haverhill G)uncil and thc Haverhill ConuE)uniry K]hen to pilo¢ cwking and budg¢tirLg ses5ion5 f()r 10 youn8 adult$ with varyiTLg vultterabklities who struggl¢ with life skills it) general. AIott8 with the cookery skills, we provid¢d the budgeting 8¢$8iolls. This hds Id to a 4-w¢¢k 'cooking on a bud8Ct' pilot that took place iti August for 9 of our Clients. Tbis pilot was delivered in paffnership with prof¢ssi(Trnal chef from Ashdon CaÈeriDg. There are mort planncd. this inch]des 'Chn"sttNs dinner tips on a budget, and a set of vide05 on how to cook on a budget. Poor Mental Health Provision= Again, to help prevent familie$ falling fiwther into hardship, the Mental Health Action Cyroup was estsblished in Febrllary. The MHAG is a parin¢r5hip with several other organisatio$ aThl lcd by uur Community Organiser. Following months of resear¢h, a report was produced and widely circulated. ActioDs from the report now has the support of ihe 2 local GP $urgeri¢$ in towi). This is an ongoing project. . We ¢ontinue to work with colleagues from the ONE Haverhill P&rtnership lo improve service provision for familles suffering hardship because of substance abuse. Followirtg invesmlent from West Suffolk Council we carried out an action research project lo establish what could be done to improve the take up of recovery options provid¢d by the statutory service. Severa] priorities hav¢ been idenlifl and we are working with parttters to improve Service provision in Haverhill. This 15 an ongtsing project. Overfill Nujnbtrs: 1528 families w¢r¢ helped Wbth 1807 issues. This includes 943 i$sucs regarding emergency food requests. There were 2959 beneficiaries of which 1167 were children (up by I20h on last year) 153 families were helped debt. a tothl of 319 b¢neficiari¢s1197 adults and 122 Children) £639,577 of fu¢131 gains foT 107 of our familiesl This includes 21 famili¢$ that have been set free fmm the misery ofd¢bt ottd a further 23 on th¢ir way. 42 families received b¢n¢fits, and 25 families help¢d in other ways. Total number of peopl¢ helped with we]fare. Ibcnefit, housin& client aid et¢.) are 840 {552 8dults 8Dd 288 children) Sadly. our foodbank project numbers remain stubbornly high with a new rOrd t)umber of people fed for the year- 2037, little sign yet that the SI8tion is likely to m)prov¢ any tin s). It is a very small itKrease oll last y¢ars' figure of 2005 people fell, bul it's the increase in th¢ number of children that is Ihe most conceming. More families are bein8 sucked into financial ¢risis 8nd hardship. In total, 947 food boxes were given out, 1224 adults and 813 children w¢r¢ fed. Page 6
Reach Commllnlty Projeets (CIO) Truslee$' Report (continued) Newm•rket ProJ¢¢t: Word is definitely out in Newmakn which has meant thal our work h85 explodedl The numbeTh of families helpe41 has gtowj by just over I5/- up from 69 to 175. There have be¢n a few challenges wryth the Newnarket project.. Él finding a pemwient office space following th¢ closur¢ of the previous office and li) se¢wing tbe additional fjJnding tded to ensurt th¢ proje¢trenJaiDS SUStaiDabl¢ in the longer temL 175 families h¢lp¢d with 219 i&sues (83 for last y¢ar). This includ¢s 37 issues of debt, 36 wlth benefits and 82 with clkent aid. Thcre w¢re 394 b¢n¢ficiaries, including 186 Children We continue parthership workin8 With a satellite projeci in Sudbwy (www.number72.net) thcy carry out all th¢ir face-to-faee d¢bt work whereas wc supply th¢ bk-Off)¢£ work and gen¢rdl welfare and benefits advi¢¢. We have also just begun, at the beginning of Sept¢mber, to tskc on n¢w families in Saffron Walden and H8l$tead ID North Essex. Relitlonship$ th PartD¢r Organlsatlons: We have seen a strengthening of partnership WOTking. this in¢lude5 a new project with Suffolk Mind. the Mentsl Health Action Group, therc are s¢verai parther5 in Hayerhill. We continuc to work with many other partners including Haverhill Tviwn Council, Wesi Suffolk and Sufftslk Coullty Councils. All ow hub5 are njn in partnership with Ial chur¢hes. The challenges ind bow we've tsver¢ome: Mental healtb.. Th¢ biggest Chl¢llg¢ that we are fa¢in8 is m¢ntal health. Time and again, when one of our outreach trn sees a client for the first time, the advisor must unwrdp layers of historit emotional turmoil before we can get to the issue that we are trained to deal with- relieving ruw1#] crisis and hwdship. This is born¢ out in our resear¢h carried out between Febrnary and April this year (2023) where we surveyed individuals ¢all¢d us 5¢ekins support. Of the 43 clients who consented io taking part in the surv¢y. 38 indiTriduals, 88.4/, said tl]¢y had suffered wth poor mental healih within th¢ last three to Six months. Th¢ con)plexity of the case5 h&% a150 had 8 detrimental effe¢t on frontline staff. Just recently, a triage volunteer had ts> deal with 2 suicide threats onc aftcr the otber. {The ern¢rg¢ncy servi¢¢5 were Called. our triage volunte¢r w&8 takell off frontline duiies and support ofYer¢d.I As well as working with 5tattrtory servi¢¢s to ty and addre&s the lack of 5ervi¢¢$, we have trained our froni-line team in Memtsl H¢alih Fir Aid proiided by Suffoll( Mind We also have engaged the s¢rvi¢es of & local counsellor for stoff. li remains a ¢hall¢n8e and one tbat we are monitortng closely. We are also planning to introduce a new role 'Community Conne¢tor' that will sit between our ¢lielli s¢rvices iv4m and external services. The idea is to lift the burden away from our outreach advisors and'c4)nnect' them to an appropriat¢ a8cn¢y or volunteer. We p to have this rol¢ in pla¢e by January 2024. Our flDan¢¢s: Our provisional figures (or the yle 30th Sew¢mber' incony - £572,000 (up frorn £462,00 lasi year). This was higher than anticipated due lo thc inv¢stment from the TnLssell TnLsI into our Community Conn¢¢toI role just before the end of our finahcial y¢ar. Expenditure was around £556.000. A]though our income from Indidu21S increased by over l/. up from £120,000 to £135.000, the share of ov¢rall income per¢¢ntag¢ h decreased to 24/0. Our budget: We have an approximat¢ budget for the foTth¢on)ing y¢ar of approxintstely £650.IM)O. Page 7
Reach Community Projects {ClO) Trustees, Report (continued) AD Cmple ofhow the project Is ¢h8th8ing lives: J¥oD'& Story Jason came to REACH in a time of personal ¢risi5 2nd was given the opportunity to tum his own life around by taking resp(7nsibility and making a change. Now he ha5 a ¢ommunity tts tum to, but he wouldn't have been able to take that first $t¢p without your help to get him throu thc Iowc5t part of his lif¢. In tu h¢ is able to give support to others through volunteering. Jaso 58y8: "Volurtieeringfor RE4CHh{ complelefy changed#sy life. I had ntverheurd ofREACH unlill al my lowest. andin neédo[afoodpur¢¢l mysEIf. "l knd accideni whgre I workd as & welder/fubri¢alor. I had io h47ve Sir weeks ojfwork, bui olcoholic li WOS owfyl erperience. I was lefi &lone and very lonely wilh my though15. ond I wotsldjtui driFth iofill the days. "tl%Én J rellwned IG work 4nd abrrlptfy slopped drinking, 1¢ led io sereS, and I bÉc&xpp2e Jtuck in tt loop. Jf I drunk, I'dget caughi up with the WTongpÉople becvme complelffly rÉlionl on alcokol. Iflstopped dripthng complelely. J d endup in hospital wilh 5e&t4r£sfollowed by recovery time ai home olone and end Mp drinkijsg. "Alter Ihad been to rehab. I w(4s slill oifwcirkfollowing my Mosl r¥c¥nl sffiztsre. Thaf sfftiggling to tover nry bTlls.' I couldn'l alford heating ond living on iPLsléxrtl rice packets. When RE4CH gove me afood porcel. i¢ was like rEceiving a lifeltn¥, andlsimply couldn'l bflieve ihey were gtving me morefood ihan J dseen in mt)Mths. They even helped me lo opplyfor 50m¢ benefits to brge the gop uniil l Can rel#rn io ¥rk, and i wiAEÉr enEr top up voucherso Jdidn'tfreeze the nights. "I knew I hud io Jind anoihvr way Èo spend my duys if J wanied io my life Qround, 50 J osked if J could volunleÉr in ihe REACH wurehowe. Jt's brillionl. Thepeople are rtÉ¢e, iifeels gre4¥11o be doiMg someihing rueffi41. Here. l can build reldtionship5 fhui aren'l bosed qlcohol. J've mttdefriend5 WtÉh all sorts ofpeople,. I even met my parter while vol{eengfor REACH, and we'rÉ very goodlor each other. J'th in such a good pknce Jtow. So, RE4CH has htsd a mrtssive impuci OA pxe. andlfeel like I need REACH more ih¢yt ihey need me, reollyl" Sp¢¢iai ThAnks', Wc are indebied to ajl those who have wisted us in 0r mission to lift farnilics out of financial crisis and hardship. Thank you to our many volunteers gLYe their time on a regular basis. Thank you too to our pattsers. these in¢lude Trus5ell Trust, West Suffolk Council. South CallridgeShlre District Council, Suffolk Community Fourtdaiion and Haverhill Town Council. The River of Life Community Church, Haverlll'll Methodi# Church. St Mary's Church, Hav¢rhill, The Salvation Am]y* Cambridseshire Community Foundaiion. Mrs LD Rope, Suffolk Counry CouDciI. Garfi¢ld Weston. Essex ComTnuniry FoundaiioN The Racing Centre (N¢wnarketl. and of cows¢, those that W15h to remain anonymous. There are many tllor¢ individud donors, busin¢sses, collllnynity groups churches and schools vtho have all ¢offt1buted to n)ake 2022-23 a much ea5icr sk thaD we could ev¢r have imawn¢d! Thank you. H¢nry Wi]son MBE Chief Executive Officer Page 8
Reach Communlty Projects (CIO) Truslees, Report (condnued) Plan8 for futur¢ ptrlodi: If the predictions are correct from the foOdbak network - th¢ Tft$¢ll TTht Iwww.tN$selltwst.org}, we are anticipating a toirid winter of in¢r¢a5ed fo¢Mi requests and possible shortages in donatiolls. Debt enquiries are continuing to rise too. and we are ¢entlY remiiting to incr¢os¢ our frontline debt and wclfare (D&WI sta1ng apa¢ity. That said, we ar¢ pressing on with lh¢ roll-out of schools. work and the cookin8 on a budget with our clients. The next 12 months kcy objectives includ¢ the following (alongside m¢ct2rt8 increased D&W, and food needs).. Develop partherships with agencies such as Suffolk Minl the Steam Cafe. to brin8 mental healih seryi¢es into Havcrhill l¢ast I day P week by O¢tob¢r 2024- rclcasing the burden on our frontline In¢r¢ase our s¢hools budgding WOTk across our geoap1)ICal ar¢a to 30 schools by October 2024 ExpaDd our frontline capa¢iry from 172.5 hours plw to at least 187.5 hours plw by Spring 2024 Consolidatr D&W in uttlesf(brd and explore lauD¢hinwbolsierin8 D&W in Sudbury by the end of 2024 Recruit a data impaci officer by Spring 2024 to work alongside our FundraisinglCon)tns team to better measure our impact Re¢Nit a 'Commllnity Connector. by Spring 2024 LO0h #n advisory pon¢1 ntsde up of thos¢ with lived experience by May 2024 Flx*nci#l review Policy ON resetrv Reserves are that part of a ehariws unr¢5trÈcted funds thai is freely avdilablc to spend on any of the ¢h&ritys purposes. REACH maintains free unr¢th'ctcd r¢serves'. To provide a level of working Capital that protects th¢ continuity of its ¢or¢ work - To provide a l¢vel of th118 for unexpected opportijnities - To provide cover forrisks such as UDforese¢n expendityre or unanticipateil loss of irJ¢ome. We endeavour to maintain 3 montbs of staffing at Tuuning w5ts. The board of tn]stees will review the above criteria refer¢e to REACH'S stral¢8y and ADhual Plall and detsmine the target level of free res¢rve5 to meet these. The board of trustees will at time5 designate funds from fr¢e r¢5erves for significant proje¢t Costs or r¢plaGemen¢ of major ass¢ts. The accounts sd out on the following pa8es reflt the 8¢tiviti¢s of the charlty. The annual ort was approvedby tbe inistees of th¢ charity on 24 July 2024 at]d signed on its behalf by.. Roy Graham Chairnwi and tnL8tee P#ge 9
Reach Community Projects (CIO) Trustee$, Report (contlnued) statellttt 0[Trstee5. Respon5ibilitl¢$ The trustees are responsible for preparing the thJst¢es' report and the finan¢ial $ements in a¢¢ordance with the United Kingdorn Accowiting Sthndards (Utiit¢d Kingdom Generally A¢ceptcd Accounting Practice) and applicable law and regulatioTh%. The law applicable io Charities reqyAres the trust¢¢s to prepar¢ financial sratements for each fjnattcial year which give a and fair view of the state of affaiis of the ch&riry and of the incoming resources and application of resources of the tharity for th pcriod. In prepanng thes¢ finanGial statenNts, th¢ trustees #Te requited to.. seleel suitable a¢¢ouniing policies attd then apply them CODSi5tendy' observc the m¢thods and principles in th¢ Charili¢s SORP; make judgenMts and estirnaies that are re¥sonable and PTud¢nt', stste whether applicable a¢eountiiig standards havc beeb) followed. subject to material departures disclosed atsd ¢xplained in th¢ fiDancia] statemefits,. fjnd prq)are th¢ f]nan¢ial ststem¢nts on the goiDg ¢OThCll b2$is UTh15 it is inappropriate lo presume that the Charity will continue iti busine55. The trnstees are responsible for kttping pror¢r accounting records that dis¢lose wryth r¢asonable accuracy at any tin)e the firtancial position of the chariry and enable them to ensure that the fumncial tht¢m¢nts comply with the Charitic5 Act 2011. th¢ Charities {A¢¢ount5 aTKI Reports) Regulations 2008. and ih¢ provisions of the c¢mslitution. The tnJstee5 are also responsible for 5af¢guarding the 885ets of th¢ charity and hcnG¢ for taking reasonable step5 foi the preve#tiOD and detec¢ion of fraud and other irregularilies. Page 10
Reach Community Projects (CIO) Independent ExAminer•s Report to the trustees of Reaeh Commllnlty Projeet$ (CIO) I report to the tsustees on my ¢xaTrination of the oTrts of Reach Conjtillwty Projeots (CIO) foT the ye8T ended 30 Sept¢mber 2023. ReSpoSibl11eS And bsfis of report As the ¢harity tsustees of Re8cb Connity Projects (CIO) you are responsi1¢ for the PTq)aT4tion of the accounts in accordance with the requirwneDts of the Clwities Act 201 J ('the Act.). I report irL respect of my examination of the Reath Community Projects (CIO)'$ COunt$ carried out section 145 of tbe 201 l Act athd in calrying out my examination I h8Ye followed all the ¥ppli¢able Direthioiis given by the ChoTity Commission Mnder se10n 145(5Xb) of the knt. llldepedent ex•mlD¢r'¥ itgtsment Sinc¢ R¢aeh Community Projects (CIO)'s gross income exce¢ded £250.000 yow examiner be a member of a body listed irt section 145 of the 2011 Act. I confimi that l #m qualified to widertake the eX]tion bec4w¢ l #m & member of Chartered Certified Accoun( whi¢b i5 one of the listed bodies. I have compl¢led my examination. I confwm thai no trIal n)atters have come to my attention in conne¢tion with the ¢xamioation 8iving me cawe to beli¢ve that in any material res.. . ac¢ounting records wer¢ not kept in resp¢d of R¢ach Co]Dmunity Piects (CIO) as reqlled by seclion 130 of the Act- or 2. the accounts do not accord with those T¢cords' or 3. the a¢¢ounts do ttot eonjply with the accounting r¢qUir¢M¢S conc¢rning the form and content of a¢covDts set out in the ChltieS (Accounts and Reports) Regulations 2008 other th&) arty requirement that the ¢ounts give a 'tyue ond fair vi¢* which is not a matter conSTdervJ as part of an iJdeEthdrnt I b4ve no concerns and have com¢ aCTQ88 no other Jnatt¢rs in ¢onnection with the exgmin&tion to which attsntion should be drawn in this rert in order to en8bl¢ a proper understanding of the ac¢ount$ to be r¢¥che SL Lisa King Charter¢d C¢rtified Accoulltt 8 The Hamilton8 Newrnark¢t Suffolk CB8 ONF 24 July 2024 Pag¢ll
Reach Commllnlty Projeets (CIO) Statement of FiDanclal Activities for the Year EDded 30 September 2023 Uttrestrleted Restt4cted TotAI fullds 21123 Not¢ IDcfjme •nd EndowmeDts from: Donations aD(I ]egleS ]Dves¢t incorne Oth• in¢omc 409.083 215.712 12 624,795 12 2,200 2,2 Tota] inmme 411283 215.724 627.007 Exp¢ndlture on: RaisiDg fithds ChaTtt4bl¢ activities Otbth expendilwe Tots] ¢Xpa]bre Net iJcomel(exp¢ndi¢we) Gros8 transf¢rs b¢twe¢n fill$ (357) (68,453) 181.632) (30,106) {193,754) 87,598 (30,523) (262,207) (269.230) (561,960) 250,442) 311,518) 160,841 (63.138) 195.794) 63,138 65.047 Net rty)v¢rn¢nt in fjMMI8 of 97,703 (32,656) 65.047 Total funds bTought fOard Total fjjnds carried forward 13,600 72.748 86.348 14 IIIJ03 Unrertrlcttd fllnds 40,092 Restrkt¢d ruud$ 151.395 Total 2022 Note Inrojue #Dd Endtswments from: DoDatioDS and lewies Investment income Other incoDJe 162,648 219,050 381,698 90 90 381,789 Totsl income 162,648 219,141 Ezpendlevre on." Raising fwKIs Charitable activities her expeDdittir¢ (7911 (62,7471 {127,762 {32.022) {65,731) (184.685 (32.813) (128,478) 312,447 Total expendi Nel expe'e 191,3001 282.438 473,738 {28.652) 33,967 (63297) 33,967 (91,949) Net movernt in funds Re*1110 of fwids Toial fimd8 brought foTward 76220 Totsl fund5 Carried fornwd 14 13,601 72,747 All of th¢ ctmrity's activities derive from continuitig operations thwing the above two periods. Th¢ noi¢S on pages 14 to 24 fom aTL inte al part of these financial $tstemts. (62.619) (29.330) (91,949) 102.077 178,297 86,348
Reach Communlty Projects {CIO) (Registration number: 1169108) Balance Sheet as at 30 September 2023 2023 2022 Note Flxtd •sset# Tangible asscts 12.215 3,063 Current assets Debtors Cash ai bank and in hand 10 5,107 173.699 196,160 196.160 178.806 Cr¢ditort: Amounts falling due wlthiti ODe year {16,032 (10.2621 Net turr¢Dt Assets 180,128 168,544 Total assets less current Il#billtles 192.343 171,607 Credhors: Amounts falling due •fttr more than year Net asset$ 13 (40.948) 151.395 (85.259) 86.348 Funds of the charlty: Restricted Income funds Restrictcd fullds 40.092 72,747 Unrestricted Incomt funds Unr¢$iricted funds 111,303 13,601 Total funds 14 151,395 86,348 The fjnancial 51atemcnts on pages 12 to 24 W¢Te appiov¢d by the tet8, and autb)ri8¢d for issue on 24 July 2024 41nd sibmed on their behalf by.. Roy Graha Chairnjan at]d trustee The note5 (>n pages 14 to 24 forn) aD inte Page I part of these financial ststetneRts.
Reach Communlty Projeets (CIO) Noles to the Financial Statements for the Year Ended 30 September 2023 l Aceountlng pollcks ststemenl of eomplin¢¢ The fmancial statements bave b¢en prep¥r¢d in accordance with th¢ secolld edition of th¢ Charities Statement of Recommended Prnctice issued in October 2019, the Fin8ncial Reporting Stathd applicable in the Unrted Kingdom and Republi¢ of Ireland (FRS 102) and the CIMrities Act 2011. BAsl$ ofprtpr#tlon Reach Cotnmunity Projects (CIO) meets thr definition of a public benefit cniity under FRS 102. Th¢ accounts {financial stat¢ments) have been prepared under the hi510Ti¢a] c05t conv¢lllion with Ilen recognised at Cost OT trajjsaction valu¢ unless otherwise stated in the relevant note(sl to these a¢¢ounts. G•thE ¢oneerrt The trustee5 consider that the aTe DO material certaInlieS about the ¢hariWs ability to continu¢ as a going ¢oK¢rn. Intome awl eDdowments Voluntary in¢ome including donatioLs, gifts, legacies and grants that provide core fiu)ding or are of a general ture are recogrtis¢d when th¢ charkty has entitlement to the income. it is probable that the income will be received and th¢ anjounl can bc m¢asured with sufficient reliabiliiy. 4ndlég4Tcies Donations at legacies are recognised on a Te¢eivY4ble basis when receipt 1$ probable and the amount be reliably measured. Grants recehT4IA¢ Grants are Tecognised when the charity has aD entitlement to the fiu)ds and any conditions linked to the grants have been m¢t. Where p¢rforDvan¢e conditions are attached to the grant and ajr y¢t to be m¢t, the iti¢ome 15 recognised as a liability and iDcluded on the balance sheet as defe¢d incom¢ to be relused. "vidends are reco)]5¢d owe the divid¢nd has been deelared noiification has been received of tbe dividend Expendltsrt All expellditur¢ is recognis¢d once there is a legal or eonsttuctive obligation to thai expenditure, it is probable settlement is wuired aTLd the amount can be Tneasured reliably. All costs are allocated to the applicable expenditure heading that a8gregat¢ similar ¢0$18 to that ¢8tegory. Where co$ts cannot be directly aiiributed to particular headin8s they have been allocated OD a basis ¢onsistent with the use of resources, with central staff costs allocated on the basis of time spenL and depreciatioT) ¢harges allo¢ated oll the portion of the asset's use. Other support costs ar¢ allocated based on the spreAd of staff Sts. These are costs incurred in attracliTJg voluntary income, the mana8emeDt of investments and those incurred in trading actLNryties that raise fimds. Page 14
Reach Conjmunity Projects (CIO) Notes to the Flnancial Statements for the Year Ended 30 September 2023 (¢oDtinued) Ch4ritoble 4eilwities Cbarilablc Expenditure Comprises those costs incuned by the Charity in th¢ delivery of its activitie5 and s¢rvi¢es for its beneficiaries. It includcs both ¢08ts that can be allocated dir¢ctty lo such a¢tivitieB and thost cosi$ of an indir¢¢i nature ne¢¢ssary to support th¢nL Support Costs Suppon ¢osts Incl1¢ ccntral fimctiotjs al have been #llo¢ated to a¢tiYity Cost ¢ategori¢$ on a bosis consist¢nt th the use of resour¢¢s, for example. allocating property costs by floor area& or per ¢apit4 5tsff ¢osts by the time spent Ad other Costs by their usage. GovernAnce costg Th¢se inclwde the costs attributable to the Charity's ¢omplian¢e with const]tional and stathtory requirements, in¢ludin8 audit, strategi¢ magem¢Tht and trustees netin8s and re5mbursed cxpens¢s. TAxatlo The chan'ty is ¢onsidered to pas$ the tests set out in Par&ap I Schedule 6 of the Financ¢ Act 2010 and therefor¢ it meets the definitson of 8 charitable ¢ODJpany for UK co4x>fAtion lax purposes. Accordingly. the Charity is potenti8lly cxempt from tsxation in respecl of in¢ome or ¢&pitsl aInS receiv¢d within cateBOri¢S vered by a)apter 3 Part 11 of the CoTatio[l Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to tbe extent that such income or gains are applied exclusively to d)aritable pUOseS. Tn%lble fixed assets Individual fixed asscts cosiin8 £11)O.00 oi tNire are initially recorded at cost, less any subsequent accumulated depreciation al subsequent a¢¢umulat¢d impaimKnt loss¢& Depreciatlon 8nd *mort16AdoD D¢pr¢ci8tion is proYid¢d on tangible fixed assets so a5 to write off th¢ cost or Valuatio less any c5timat¢d residual value, oyer their ¢xpected e£u1 e¢onomir life. Trade debtors Trade debtors are amounts due from Custom$ for mercbandise 501d or services perforn)ed in the ordinary course of business. Trade debiors are re¢o8ni5ed initially at the transaction price. They ar¢ sybsequ¢nily measured at al)rtIStd cost using the effe¢tive interest method, leu provision for unpairnjent. A PrOsion for the impaimiertt of trAde d¢btOTS is estsblished when there is objeeiiv¢ ¢den¢¢ that the charity will not be fjble to ci)Ilect all amounts due according to the origirtal ternis of the r¢c¢ivabl¢s. C•$b g4nd ¢0sh equivalents Cash and ¢asb equivalents comprise cash on hand and call deposits, and other short-tertn highly liquid investments that are readily convertible to a knoTr amount of cash and are subject to an i]LsigllifI¢t risk of chwge in value. Trade ¢reditor$ Trdde creditors are obligations to pay foy goods OT services that have been a¢quir¢d in the ordinary Course of bS-inesS from $uppliers. Accounts payable are clasgifi¢d as curreTbt liabilities if they do not hav¢ an unconditional righl at the end of the r¢porting period, tt) defeT settlement of the creditoi for at ieasl twelve months After thc reporting date. If there is an uD¢onditional right to def¢r Settlem¢ for ai least twelve months attcr thc reporting date, they are presented as non-Gurr¢nt liabilities. Page 15
Reach Communlty Projects (CIO) Notes to the Financial Statements for the Year Ended 30 September 2023 (continued) Borrowing$ Int¢t¢5t_beaTing borrowings are initially reeorded at fair value, net of tranM¢tiot) costs. IDterest-b¢aring borrowings are subsequ¢ntly carried atTh)rtised cost, with the ditYer¢Dce between the Proceeds. t)et of transactioll costs, and the amount due on redemption being r¢¢4J8ntscd a5 a ¢harg¢ to the Statement of Finala1 Activilics oveT th¢ period ofthe relevant borrowing. Interest exnse 15 recognised on thc basis of the effective interest method and 1$ inc14¢d in interest payable and similar charges. Borrowings are classified as ¢urr¢nt liabilitL¢5 UeSS the charity h&$ an unconditional Tight to def¢r s¢ttleJD¢ni of the liability for at least twelvc months after the repotting date. Fund stru¢tsre Unr¢stsirted iticome fiu)ds are general fjJDds that are available for us¢ gt the trwtees di5cr¢tioll in fillth¢e of the obje¢iives of the Charity. Restricted in¢tsm¢ fimds are thos¢ donated for use in a parti¢ular area or for byecifLC purposes, th¢ use of which is restricted to thai area or putpose. Pensiolls nd other post retiremeiit obligAtions The charity op¢rates a defittcd contribution pension scbeme which is a pension plan under which fixed contribuhons ar¢ paid into a pension fund and the ¢lwity ha5 no legal or con5tTu¢tive obligation to pay further contribwioD$ evtn if the fi]nd does nor hold 5uifi¢ient aets to pay all ¢mployees the benefits relaiing to employee setvi¢¢ in the current and prioT ContributioTL to defined contribution plan5 are r¢cognised iti th¢ Stat¢tllent of Financial Activities when they are due. If contribution pajynents txcecd th¢ ¢ontiibution du¢ for service, the exces5 is retObmi5ed as a pr¢pawt. FlnAnelal lThstruments Clossificgtiv Finan¢ial assets and fiDau¢iAI liabilities are re¢o8wsed when the charity becom¢5 a party to the contracwal provisions of the inslTwnent. Finan¢ial liabiliti¢s ard cquity instruments Are ¢las5ified a¢¢ordin8 to the substance of the contractual arrangem¢rLt5 entered into. An couity instrumcnt is any ¢ontrd¢t thai evidences a tesidual inter¢# in the assets of the charity after dcduciing all of its liabilities. Page 16
Reach Communlty Projects (CIO) Notes to the Financial Stotements for the Year Ended 30 September 2023 (Continued) All finan¢ial assets and liabilitie5 are initially measured at transactiOII PTlCe (including trawction costs), except for thos¢ flnancial ass¢ts classified as at fair value through profit or loss, wbirh are initially measured 8t fair value (which is Jnn3]lY the transaction pri¢¢ excluding traDsa¢tion c051sl, unless the arrangemcnt eonstimt¢5 a fjnancing transaction. If an amngement ¢onstitute& a fiDancing tTansaction, the financial ass* or finan¢tal liability is rneasur¢d at the PT¢s¢nt value of the fi]bJre payments dis¢ouDted at a rdte of interest for a siinilar debt instrument. Finan¢ial assets and liabilities are thjly offset in the statem¢nt of )IDaneial wJ$ition when. atMI only Lell ther¢ ¢xist¥ a le8ally eOrCe&ble right to set off the ognISed amouD15 and the charity intet)ds either to settle on a net basis, or lo r¢alise the assei and settle the liability sirnu)raneously. FiDancial assets are der¢cogTLised when and only when a) the ¢ontracthal rights to the cash flows from the rinancial asset ¢xpire or ar¢ settled. bl the charity transf¢rs to another party substantially all of th¢ risks and rewards of ovcTship of the financial 855eL or c) the Charity, despite having retaitied some. but nol all, significant risks a1 rewards of owner5hip> transferrcd control of the asset kn aDoih¢r pty. Finan¢ial liabilities arc deretO8ni5ed only whejj the obligation sp¢¢ified in the tontrdct is dischargd, call¢ell¢d or expir¢$. Page 17
Reach Community Projects (CIO) Notes lo the Financial Statements for the Year Ended 30 September 2023 (continued) Debi Instrunt5 which meet the following conditions or¢ sub5equ¢ntly messured ai amortisd c05t using the effe¢iiv¢ int¢r¢8t Method.. (a) Thc contra¢tual rctum to the holder is (i) a fixed amount. (li) a positive fJx¢d rdtc or a positiv¢ variable rnt¢' or (iii) a combination of a posiiive or a n¢8ative fLxed rate and w positive variable ra*. Ib) The contra¢t llY provid¢ for repayments of the prittcipal or the reftwn io the holder (but JM)t both) to b¢ linked to a single relevant obstrvable index of general pnce infiation of th¢ tuenCY in which the debt instrument is det)ominated, provided such links are not leveraged. (¢) Th¢ contract moy provide for a d¢tern)inable variation of the return to the holder during the life of the insiNm¢nL provided that {il the new rate satisfies condition (a} and th¢ variation is nol ¢ontingent on future events other than (l) a changc of a contracwal variable rate,. (2) to protect th¢ holder against ¢redit deterioration of the i55uer: (3) Changes in levies applied by a central bank or arising from chan8¢s in relcyant taxation or law. or {ii) the ncw tate is a market late of interest alld saiisfies condition la). (d) Ther¢ is no contra¢tual provision that could, by ils temis, sUIt in the hold¢r losing the ptin¢ipal amount or any interest attributablc to the ¢llCt period orpriorperio(ts. (¢) Contractual provisions that p¢miit the i5$11er to prepay a debi instnllnent or permit the holder to put it back to the issuer before nuwrity are not ¢ontin8ent on fittwe events. Other than to proteci the holder against the credit deterioTatioll of the issuer or a chan¥e it) control of the issuer, or io proiect the holder or issuer against Changes in levies applied by a ceDtral bank or aTisittg from changes in relevant taxation or law. (fj Contractual provi.%ioll5 mty p¢rn)it the extension of the teml of the debt instrument, provided that the retum to the holdcr and any oth¢r contTa¢tual pro5]0$ appli¢abl¢ during th¢ ¢xtend¢d ttm satisfy the CODditiODS of paragraphs {a) to (c). Debt instruments that are ¢lassifi¢d a5 payable or receivable within one year on initial recognition and whi¢h meet thc above conditions are measured at the undis¢ounted amount of the cash or other consideratioD expected to b¢ paid or re¢¢ivel n¢t of itnpairnmt. Witb the ¢x¢eption of som¢ hedging ITtt]ull¢tS, other d¢bt instruments not ettig thes¢ conditions are measured at f•"r value through profit or loss. Commiknents to make 8nd receiye loans which m¢¢t the conditions mentioned above are measured 4t C051 (which may b¢ nil) less impairrttnt. Inveslments InvesrmeJ)ts in non4oDvertible preference shaTeS aTLd non-puttable ordinary or preference shares (wbere shares are publicly traded or their fair value 15 ieliably roeasurable) are measured ai fair value through profit or loss. Where fair value ¢at)not be measured reliably, invesiments are measured at cost less impainnetlt. Investmetts in subsidiari¢5 and asso¢iates are navred at cost Icss impairnxnt. For Inve8thnts in subsidiaries acquired for coll5ideration including the issue of Sha qllalÉfying for merger relief, cost i5 measur¢d by refer¢n¢e to the nominal value of the shar¢s issued plus fatr value (>f other coDsid¢ration. AY premium ts iwred. Page18
Reach Communlty Projects (CIO) Notes to the Financial Statemenls for the Year Ended 30 September 2023 (continued) Flvir v4lue The b¢st evidence of fair valu¢ is a quot¢d pric¢ for an identical &8set in an active market. When quoted pri¢es are unavailable, the pricc of a recent transaction for an identital asset provides evidence tsf fair valu¢ as long as therc ha5 not becTJ a significalli chang¢ in economic c7um$nCeS or a 5ignifi¢ant lapse of time since the tr4SactIon took place. If the nwket is not active and rccent tr8n8actions of an identical asset on their #re noi a g¢)od esfimat¢ of fair value, th¢ fair valu¢ is esiimat¢d by using a valuatson technique. 2 1come frnm and lega¢l¢s Unre$trictsd fuDds Gener41 Restrlc¢¢d fund$ Total 2023 Tot•1 2022 DonaLion5 atsd legaeie5' Online donations One off gitis (iift aid r¢¢laimed Grants, including capithl grallts. Core fUdIng grants Regular giving and capitsl donations 14,910 77,483 9,914 14,910 82,478 9,914 21.386 74,417 1,003 4,995 271.938 203,992 475.930 245.923 34,838 6,725 41.563 38,969 381,698 409,083 215,712 624,795 3 Investment ID¢ome Restrl¢tsd funds Tot*1 funds Interest rcttivable and similar income,. Interest Te¢eivable on baDk d¢posits 12 12 Tot81 for 21123 12 12 Tot for 2022 Page 19
Reach Conununity Projects {ClO) Notes to tbe anCial Statements for the Year Ended 30 September 2023 (continued} 4 An4]ysls of governMc¢ and support costs Governance ¢tssts Unre5trieted funds Gener•1 Totsl Irrflependent examit)er fees Examinstion of the financial ststements Depreciation. arnortisaliorj and other similar costs 6(X) 2,478 600 2,478 Total for 2023 3,078 3,078 To¢¥1 for 21122 600 5 Trustees remuneration and expense8 No Iwst¢¢s, rioE any persons ¢onneed with the have rcceived any remun¢ration from the charity duTill8 the yEar. No Intee5 have r¢c¢iv¢d ally reirnbur5ed expeJJses from tht charity during the year. Page 20
Reach Communlty Projects (CIO) Notes to the Finantlal Statements for the Year Ended 30 September 2023 (wntinued) 6 Staff colts Th¢ awegate payroll costs were as follows.. 2023 2022 Staff efjsts drkng th¢ ye%r were: W&8es and salaries So¢ial security costs Pension costs Other staff costs 228,050 22.331 9,109 9,740 269230 281,896 14,853 7,133 8,565 312.447 17 (2022- 16) of th¢ above employees parts'¢ipat¢d in the Defined Contribution Prnsion Schemes. Contributions to the employee p¢Thsion s¢hem¢s for the year totall¢d £9.109 (2022- £7,133). No ettyloyee rcttived ¢moluments of thore than £60,000 during lh¢ year 7 Independe¢ examkner's retnuD¢ration 2023 2022 Examination of the financial statetnents 600 600 Page 21
Reach Community Projects (CIO) Note5 to the Financial Statsm¢nt$ for the Year Ended 30 September 2023 (continued) 8 Taiatitin The charity 1$ a registered charity and is theTefore exempt from tsxatton. g Tangible fixed agsets Furniture 4nd equipme¢ Motor vehlcles Total At l Octob¢T 2022 Additlons 26216 .630 26,216 11,630 10,0( At 30 SeptembeT 2023 27,846 10,i)00 37,846 DepredatloR At l Ocwber 2022 Charge for the year At 30 September 2023 23,153 620 23,153 2,478 1,858 1.858 25,631 Net booJE walue At JO September 2023 At 30 September 2022 8.142 12,215 3,063 10 Debtor$ 2023 2022 Other debtors 5,107 11 C¥$h and c4sh equlvalents 2023 2022 Cash on hand Cash at bank 1253 194,907 456 173,243 196,160 173,699 Page 22
Reach Communlty Projects (CIO) Notes to the FiDan¢ial Statements for the Year Ended 30 September 2023 {¢ontinued} 12 CredltOTS: #mounts falllng due wfithin olle year 2023 2022 Traik ¢r¢ditors Other taxation and social SttUTity Other Lyeditors Accruals 5,465 7,605 2,302 600 1,878 5,455 1.729 1,200 16,032 10.262 13 Credlior5: *moynts fall1% dve after Ibne year 2013 2022 D¢ferred in¢ome 40,948 85,259 Defered itme refers to grant into received in the year th&1 has been carried forward io the following year. 14 Funds Ballte 311 Stptenjber 2023 Balance #t I October 2022 Intonrng ruollrees Resovrces expeDded Tr8n$fers Unrestricted fund5 Gen¢rdl 13,61K) 411,283 1250.4421 1311,518 (63,138) 63.138 111303 Restrict¢d fund5 72,748 215.724 40,092 Totsl IIiDds 86,348 627,007 (561,9601 151.395 Page 23
Reach Community Projeets (CIO) Notes to the Finan¢ial Stat¢nJents for Ihe YeY4r Ended 30 September 2023 (contfinued) B#l*D¢e at 30 September 2023 October 21122 Resourct$ expended r¢Bource$ Transfers Unrestrlcted GeneMI R¢ach Social Enterprise 5,198 8,402 407.407 3,876 411,283 (240,125) (10,317) (250,442) (63,1381 109,342 1,961 111,303 13,6(Kl (63,138) Rtstrkted Foodbank Reach inio th¢ Community Clicnt Aid 29.085 160,319 26,320 215,724 {92.223) (189.194) 30,101) 1311,518) 63.138 S9,718 13,030 30,843 9249 72,748 63.138 40,092 TDtAi funds 86.348 627.1N)7 (561,960 151.395 Bilwn¢e at 30 Septetnber 2022 Balance At I October 2021 Incoming reSlbllTte$ R¢50llrees exp¢Dded Transfert UThrestricted funds General 76,220 162,648 (191,31XI) (282,438) (33,967) 33,967 13,601 Restrleted fwnds 102,077 219,141 72,747 Total fod8 178,297 381,789 473,738 86,348 Page 24