CHARITY REGISTRATION NUMBER: 1171638 Reach Out Ministries Unaudited Financial Statements 1 January 2024 WM FORTUNE AND SON Chartered accountants Collingwood House Church Square Hartlepool TS24 7EN
Reach Out Ministries Financial Statements Year ended 1 January 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statemenl of financlal actlvltles Statement of financial position Notes to the financial statements
Reach Out Ministries Trustees. Annual Report Year ended 1 January 2024 The Iruste8s present their report and the unaudited financial slalemenls of the charity for the year ended 1 January 2024. Rgfergnce and admlnlstratlve dètails Registered charSty namg Reach Out MSnlslrles Chorlty reglstrAtlon number 1171638 Principal office 14-16 WhSlby Stre8t Hartlepool TS24 7AD Thé trustees Phineas Murwira Albert 8arwick Nornusa Malinga M Doherty G Kelly A Grosvonor {Resigned 30 September 20231 {Resigned 30 September 2023) {R8signed 30 September 2023} {Appolnled 26 April 20241 (Appointed 10 April 2024} (Appointed 5 October 20231 Ind•p•ndènt •xamln•r Thomas Atkinson Colllngwood Hous8 Church Square Hartlepool TS24 7EN Structur•* gov•rnanc• and management Reach Out Mlnlstries 18 an unlncorporaled chorfty re9lsteTed wllh the Charllles Commls$lon. ObJeGtlvgs and actlvltlo8 The Advancement of the Chrisllan faith in accordance th the b8sls of fallh and the relief of those in need because of lack of occommodalion, ill-heallh, addiction, disability. finanoial hardship or other disadvantages. The objectives shall be pursued In accordance wllh ehrislian principl&s and practicas and in such a way that demonstrates and recommends faith in Jesus Christ as saviour and lord and Pgrticularly the values of care and concern for the needy and vulnerable. Achiovèmènts and porformanog The organlsallon Is a residential rehabilitation centre linked lo the Living Waters Church. The pastor of Living Waters Church oversees the work of the rehabilitation centre. Its main aims are lo introduce lo the love of God shown through Jesus Christ, to encourage those who already know God's Love to keep Irusling in that and fo demonstrate God's love In pracllcal acts of kindness. reaching out lo those who hav8 lost hope. The organisalion provides support living aG¢ommodalion for adults slrugglSnG with addiction. The trustees have advised that the key activities of the Drganisalion ar@.. 1. To work alongside individuals wth addi¢tions to help them Into a place of non-dependency., 2. To work alongside the families ol the indiviéuals with addictions seeking to bring about reconciliation.. 3. To work alongside doctors, social seTvices and the mental health experts lo be part of a wider nettork gf support.. 4. To support Indlvlduals In life skills and further educalion.
Reach Out Ministries Trustees, Annual Report fGonllnu6d) Year ended 1 January 2024 Financial r8vi8w The charity incurred a defIC of £10,50512023 Surplus £1,153) ThB Iruslees, annual report was approved on S Sept6mber 2024 and signed on behalf of the board of trustees by.. A Grosvenor Trusteè
Reach Out Ministries Independent Examlner's Report to the Trustees of Reach Out Ministries Year ended 1 January 2024 I report to the Ifuslees on my &xamln8lion of the financial statements of Reach Out Ministries I'the charity'l for the ygar ended 1 January 2024. Responslblllties and basis of report As the trustees of the charity you ar& responslble for the prep8raliDn of the financial stolemenls in accordance with the requirements of the Chariti85 Act 2011 I'lhe Ad,). I report in rèspect of my examination of the charity's financlal statements carried OLrt under section 145 of the 2011 AGI and in carrying out my examination I have followed all the applieabSe Dirèctions given by the Charity Commission under section 14515llbl of the Act. Independent examinèrfs stat8m8nt Slnce Ihe charity's gross income exceeded £250,000 your examlner musl be a member of a body listed in 88¢1ion 145 of the 2011 Act. I conflrm that l am qualified to undertake th8 examlnallon because l am a membér ¢f the Institute of Chart8r8d Accounl8nts in England and Wales IICAEWI, which is onè of the listed bodies. I have compl8led my examlnalion. I confirm that no material matters have come Ic my attenllon In connection wllh the exarnlnalion glvlng m& cau$e lo believe that in any m8t8rial respect.. ccountSng records were not kept in respect of the charity as qUIred by se¢lion 130 of the A¢t'. or the flnanclal stslemenl$ do not a¢¢ord wlth those records., or the flnancial 8ts1emen18 do not comply wllh the 8ppli¢abl¢ Trquiremenls concornlng the form and content of accounts sel out In the Charities (Accounts and Reportsl Regulations 2008 other than any requlremenl Ihal Ihe a¢Gounls give a 'true and f8iV vlew whlch Is not a matter considered as part of an Indep8ndent &xgmlnallon. I have no concerns and have oome across no other matters in eonnectlon wllh the examlnallon to which attentlon should be dr8wn In this report In order to enable a proper understanding of the accounts to be reached. Thomas Atkinson Independent Ex8mlngr Colllngwood House Church Square Hartlepool TS24 7EN
Reach Out Ministries Statement of Financial Activities Year ended 1 January 2024 2024 Unrestricted funds Totsl funds Totsl funds 2023 Note In¢om• and endowments Donations and legacies Charitable activities Investment income 80,873 179.630 28 80,873 179,630 66,694 116,986 27 Total Incom• 260.531 260,531 183.707 Expgndlturo Expendllure on charllable activities Yotal exponditure 2T1.036 271,036 271.036 182,554 182,554 271,036 Not1oxpendlturelllncom• and net movement In funds {10.5051 110,5051 1,153 Rgconclllatlon of funds Total fiJnds brought forward Totol funds carrled fop•vard 18,488 18,480 7,981 17,333 18,486 7,981 The ststement of financlal acllvltles Includes all galns and105885 recognlsed In the year. AJI Income and expendlture derlve from conllnuing a¢tivilies. The notes on pages 6 to 12 form port of these financial $tatements.
Reach Out Ministries Statement of Financial PosltSon l January 2024 2024 2023 Note Flxed assets Tangible flxed assets 14 9.462 11.131 Current assgts Cash 8t bank and in hand 1.142 11,365 Credltors: amounts falling due within one year Not current Ilabilitig$ 15 2.623 4,010 11,481) 7,981 7.355 Total assets1os$ current Ilabllltles 18,486 Funds of the charity Unrestricted funds 7,981 7.981 18,486 18.486 Total charlty funds 17 These finaneial slalemenls were approved by the bo8rd of trustee$ 8nd authtsri$ed for issue on 5 September 2024, and are slgned on behalf of the board by-. A Grosvenor Truslg9 ff¢7 The IS on page$ 6 to 12 form part of these financial statèmonts.
Reach Out Ministries Notes to the Financial Stalements Year ended 1 January 2024 General informallon Th@ charity is a public benefit entity and a registered charlty Sn England and Wales and is unincorporated. The address of the Principal office is 14-16 Whilby Street, Hartlepool, TS24 7AD. ststement of Gompllance These financial slalemenls have been prepared in compllance wlth FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland., the Slalemenl of Recommended Practice applicable lo chafilies preparing Ihelr accounts in accordance with the Flnancial R@porting S18ndard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charllles AGI 2011, Accounting policies Basls of preparatlon The Inancial slalements have been pr8p8r8d on the hSslorical co81 basls. as modified by the revaluation of certain financial assets and Ilabllllles and Investment properti8s measured 8t fair value through income or expendllure. The financlal statsments are prepared In sterling, whlch Is the functional Currency of the ontity. Golng con¢grn There are no material uncertalnll8¥ gbout Ihe charlty's ablllty to conllnug. Dl8closurg oxamptlons The ch8rfty sallsfles the criteria for quallfylng 8$ small as defined In FRS102. AS su¢h, advantage has been taken of Ihg following dSsclosure exempllons available under paragraph 1.12 of FRS 102.. lal No cash ffow statement has been prepared. {b) Dlsclosures in respeel of financlal inslrumgnls have not been presented. Judggmont$ ond key $ource8 of estlmatlon uncèrt•lnty None Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of th8 charity's purposes. Designated funds are unreslrfcted funds earmarked by the truste85 for pgrtlcul8r future project ur commilm@nt. Re8trlcled funds are subjected to restrictions on their expenditure dedared by the donor or through the lerrns of en oppeel, and fall into one of two sub<lasses'. restricted incom8 ftjnds or endowmenl fund5.
Reach Out Ministries Notes to the Financial Statements (continued) Year ended 1 January 2024 Ac¢ountlng pollcles (cont/nu6d) Incoming resources All incoming resources are included in the slalement of financial activities when entillemenl has passed lo the charfty; il is probable that the economic benefits associated wth the transaction will flow to th& charity and the amount Gan be reliably me8sured. The following specific policies are applled lo partlcular categories of incom8.' income from donations or granls is recognlsed when there is evidence of enlitlemenl to the gift, recelpl Is probable and its amount can be measured reliably. legacy income Is recogni5ed when receipt is probable and ènlillement is established. incom8 from donated goods is measured al the fair value of the goods unless this is Impracllcal to measure rellably, in which c8se the v81ue is derived from the cost lo the donor or the estimated resale value. Oonated facllilies ar services are recognised in the accounts when received if the value can be reliably mèasured. No amounts are Included for thè conlribulion of general volunteèrs. Income from oonlracls for the supply of s&rvic6s is reeognised wllh the dellvery of tha contracted servic8. This is clas8ifi&d as unreslricled funds unless ther8 Is 8 conlraclual requirement for il to be spent on 8 partl¢ular purpose and returned if unspent. In whlch case 11 may be regarded 88 restdeled. Ro8ource8 exp¢nd•d Expendlture is recognlsed on an accruals basis as a158blllty Is Incurred. Expendllure InGludes any VAT which cannot be fijlly reeovered. gnd Is classified under headlngs of the slat@menl of flnancial actlvllles to whlGh il relates.. expendlture on raislng funds includos the costs of all fundraislng activities, events, non-charitable trading aclivilles, and the sale of don81ed goods. expendlture on ch8rltsble activities includes 911 costs incurred by a charlty In undertaking o¢1ivilies that further 118 charitable aims for the benefit of Its beneficlaries, including those support costs and costs rèlating to thg govemance of the charlty apportionod to charflable aelivilies. other expenditure Include5 all gxpenditure that Is neither related to ralslng funds for the charity nor part of its expendilure on charllable acllvilies. All costs arg alloc81ed lo expenditure categories refl8Ctlng the use of the resource. Direct Gosts atlribulable to a single a¢livity are allocated directly to that activity. Shared costs are apportloned belween the activities thgy contribute lo on a rea80nable, jusliflable and consistent basis. Tangibh assots Tanglble 8ssets ar& ini118lly recorded 01 cost, arKI subsequently slated at cost less any accumulated depreciation and impaimient losses. Any tangible assets carried 8t revalued amounts are recorded 8t the fair value at the dale of revaluatlon less any subsequent accumulated depreciolion and subsequent accumulated irnpaimi8nt losses.
Reach Out Ministries Notes to the Financial Statements (continuéd) Year ended 1 January 2024 Accounting pollGIgs (¢gntlnuo(1) Tangible assets rconllntsed) An increase In the carrying amount of an asset as a result of a revaluation, is re¢ognised In other re¢ognised gains and losses, unless11 reverses a charge for impairment that has previously beén recognised as exp8ndilure within the statement of financial aclivitles. A decrease in the carrying amount of on asset as a Tosult of revaluation, is r8cognised in other recognised gains and Ioss8S, except lo whlch it tsffsels any previous revaluation galn, in which case the loss is shown within other racognised gains and losses on the slalemènt of financial oclivilies. Dqprèclallon Depreci81ion is cglculoled so as to wrlle off the cosl or valuation of an asset. less its resldual value, over the uselul economlc Ilfe of that ass81 as follows: Equipment 150h reduclng balance Impalment of flx9d avaets A revlew for Indic8tors of Impglrment is carrled out 81 each reporting d910, wlth the recoverable amount being esllmated where such indlcators exist. Where the carrying value exceeds Iht recoverablè amount. the asset is Impalred accordlngly. Prior impairments are also reviewed for posslble rgversal at eaoh reportlng date. For the purposes of lrnpalrment testing, when 11 Is not possible lo estlmgle the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generatlng un51 to which the agset belongs. Th8 c8sh-generating unll Is the smollesl identifiable group of assets that includes the gssgl and generates cash inflows that 18rgely indep&nd9nl of the cash inflows from olhgr assets or groups ol 8ssals. For Impalmenl lesling of goodwill, the good%11 8cqulred in a business comblnallon is, from the acquis11ion date. allocated lo each of thè cash4Jen8ralin9 units that are expected to benefit from the synergles of lh& comblnalion, Irrespective of whether other assets or liabili118s of the charity ar& assigned ID Ihase units. Flnancl81 Instrumonts A financlal asset or a financial liability is recognised only when the charity becomes a paty lo the conlractuol provisions Df the inslrumenl. Basic financial inslwments are Inlllally recognlsed at th8 amount receivable or payab19 inGluding any related transaction costs. Currgnt 88set8 and cuffent liabilltl&s are subsequently rneasLÉred al the cash or other conslderalion expected lo be paid OT recelved and not discount8d. Debt inslrurnents are subsequently measured al amortised cost. Where investments In shares are publicly traded or their fair value Gan otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in incom8 and expenditure. All other such investments are subsequently measured al cost less impairment.
Reach Out Ministries Notes to the Flnancial Statements (¢onllnuedJ Year ended 1 January 2024 Accounting policiès (Gonllnu•d) Flnanclal Instruménts IcortlltttJ Other financial inslrumenls. including derlvalives, are Initlally recoonisÈd at fair value, unless paym8nt for an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, which case the asset is measured at the presenl value of the future payments dSscounted al 8 market rate of interest for a similar debt instrument. Other financial instruments are subsequendy measured at fair value. with any changes recognised in the stalemenl of financial aclivilies. with the exception of hedging instruments in a deslgnaled hedging relationship. Financial as5els thal are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impalrmenl, an Impalrmenl loss Ss recognlsed under the appropriate h88ding in the slalemenl of financial act5lIes in which the initial galn was recognised. For All equity inslrurnenls ragardless of sionlficance, and other flnancial assels that are Individually significant, these are assessed Individually fr&r impairment. Oth8r financi818ssets are ellhei assessed Indlvidually or grouped on the basis of similar credit risk characlerisllcs. Any r¢versal$ of impairment 8re recognlseé Immeéialely, lo thè exlenl that thg rovers81 does not result In B ¢grrying amount of the financlal 8ssel that ¢x¢eeds what Ihe carrylng amount woulé have been had the impairment not previously been recognised. Doflned contrlbutlon plans Contributions lo defined conlrlbutlon plans are rewgnised as an expense In the perlod In whleh the related 8ervlce is provlded. Prepald contrlbutlons arg rgcognise¢J as an ass81 lo the extent that the prepayment will lead lo a reduction In future p8yments or a cash refund. Whon conlrlbullons are not expectsd lo b8 settled wholly wllhin 12 months of the end of the reporting dale In which the employèes render the relatèd s@rvlce, the 158billty is measurad on dlscounteé present value basis. Thg unwinding of the discount 18 Tecognised 8s an expense In the period in which it arlses. Donatlons and laga¢lo6 Unrgslrfcled Total Funds UnTeslrlcted Total Funds Funds 2024 Funds 2023 Donatlons Donations and cash deposits Other grants Donations 44,313 36,560 44,313 36,560 29,472 15,000 22,222 29,472 15,000 22.222 80,873 80.873 66,694 66,694 Charltable actlvltlgs Unrestricted Total Funds Unr8slrt¢led Totsl Funds Funds 2024 Fund8 2023 H8C Funding 179.630 179.630 118.986 116.986
Reach Out Ministries Notes to the Financlal Statements (continued) Year ended 1 January 2024 Investment Income Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Bank inleresl recelvable 28 28 27 27 Expenditurg on charltable actlvltles by tund type Unreslrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Support costs 271,03e 271.036 182.5S4 182.554 Expgnditura on charltabl• actlvltles by actlvliy typo Total fund8 2024 Totsl fund 2023 Support costs Acliwty type 1 271.036 271,036 182,554 Analy818 of support costs Analysis of supp¢yt costs activity 1 Total 2024 Tolg12023 General offl¢¢ 3.745 3,745 1,879 10. Ngt1gxpendlturelllncom• Nel {expenditu)I1nCOme is stslod after charglngllcreditingl.. 2024 2023 DeprecSBtlon of langlble fixed 88Sets 1,669 1,963 11. Independent •xamln3tlon f99$ 2024 2023 Fees payable lo the independent examlner for. Independent ex8min8tion of the financial slalèmenls 2.622 2,520 12. Staff cost6 The overage head count of employees during the year w8s $12023: 6). The average number gf full-llme equlvalenl employees during the year is analysed as follow8.. 2024 No. 2023 No. Numbèr of stsff - type 1 10-
Reach Out Ministries Notes to the Financial Statements (COlllfvLt8d? Year ended 1 January 2024 12. Staff costs (Gontinued) No employee recèwed employee benefrts of more than £60,000 durlng the year12023: Nil}. 13. Trusteo remuneratlon and èxpenses Truste88 did not re¢eive any remuneration or expenses during Ihe financlal year12022 Nil) 14. Tangiblo fixed 0s9ots Equipment Total Cost At 2 January 2023 and 1 January 2024 Depr•ciation At 2 January 2023 Charg& for the year At 1 January 2024 Cfjrrylng amount At 1 January 2024 Al 1 Janugry 2023 15,404 15,404 4,273 1,669 4.273 1,669 5.942 5,942 9,462 9,462 11,131 11,131 15, Crgdltors: amount$ falllng due wlthln on& year 2024 2023 Trade credllors 2,623 4,010 16. Penslon8 ond other post r•tlr•m•nt bengflts Doflned contrlbutlon p18n8 The omount recognlsed in Income or gxpendilure 88 an 8xp¢nse in relallon lo delined conlribvlion plans was £1,690 {2023.. £3,142). 17. Analysls of ch8rltabl• funds Unrestrlcted funds At 2 January 202 At 1 January 20 24 Income Expenditure Ggneral funds 18,486 260,531 {271,0361 7,981 At
January 202 At l January202 Income Expenditure General funds 17.333 183,707 {182.554} 18,486
Reach Out Ministries Notes to the Financial Statements (wnlinuBL4) Year ended 1 January 2024 18. Analysis of net assel$ betweEn funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assats 9,462 1,142 12.6231 7,981 9.462 1,142 12,6231 7,981 Unrestrictad Toiel Funds Funds 2023 Tangible fixed assets Current assets CredSlors less than 1 year Nfyt 8$8gt8 11,131 11,365 14,0101 18,486 11,131 11,365 14.0101 18,486 12-