| Full Name: | ReachAcrosslnternational |
|---|---|
| Constitution: | TheCharityisconstitutedas acharitable incorporated organisationundera |
| constitutiondated10March 2017, and registeredwith theCharityCommission | |
| ofEnglandandWales on 25August,2017. | |
| RegisteredNumber: | 7774386 |
| Trusteesi | Penny Brasher {since2July 2019) |
| Remon Samuel (since 13October2020) | |
| Roland Denner (since 8October2019) | |
| AnjaKappers (since2July 2019) | |
| Mark Wenger(since8October2019) | |
| RegisteredOffice: | 66, Park Hill |
| Moseley | |
| Birmingham | |
| 8138DS | |
| Bankers: | UnityTrustBank |
| PO Box7193 PlanetaryRoad | |
| Willenhall | |
| WV1gDG | |
| lndependentExaminer: | DonnaLeppitt |
| lndependentExaminers Ltd | |
| Poplars | |
| YaptonLane | |
| Walberton | |
| WestSussex | |
| BN18OAS |
ReachAcross International TRUSTEE5' REPOR T CONTINUED Investment Pollcy The charity's investmènt powers are pre5tribed in lis constitution. The prescribed investment powers allow the Iru5tees to invest in any investments or securities of any nature consistent with the principles for which the charlty stands, including land of any tenure. The irustees have decided that with the present level of reserves it is prudent that investment Is not restricted to cash on deposit but that it is deslrable to Invest a portion of the reserves of the charity into other low or medium risk investments to ensure the financial lon8-term viability of the charity, due to low interest rates and Tising Inflation. The trustees are se@klng professional advice in the process of taking out such an investment. Reserves Pollcy The trustees have examined Ihe requirement for free reserves whlch are those unrestricted funds not invested in flxed assets, designated for specific purposes or otherwise committed. The trustee5 ¢onsider that. given the present nature and level of the work and the call on funds. £40.000 should be held and this wi11 be sufficient to prtsvlde workin8 Capltal for core costs and allgw for quick re5pon5e to any emergencles. Rlsk Mana8ement The trustees actively review the major risk5 that the charity faces on a regular basis and believe that maintainlng free reserves at the levels stated above. combined wsth ihe regular review of controls and systems carried out, wlll provide suffleient resources in the event of any problems. The tnjstees have also examined the operatlonal rlsks fated and established that the necessary Systems are in place to mitigate the si8nificanl ri5k5. Again, an annual revlew of the financial controls was done using ihe template provided by the Charily Commlsslon. Trustees The trustees In office durlng Ihe report period and at the date of the approval of thls report are set out on page l. Publlc Benefit The tharity acknowledges Its requlrement to demon51rate clearly that It must have charitable purposes or'aims, that are lor the public benefit. The trustees confiim that they have paid due fe8ard to the charity commission guidance on publlc benefii before de¢idin8 what activities the charity should undertake. Statement of Tru5tee5' re5pon5ibllities The trustèes are required by law to prepare fi.nancial statements lor each financial year which give a true and falr view of the state of affairs of the charity at the end of the financial yeai and of the incoming resources and application ol the resources of the charity in that year. In preparing those financial statements the trvstees are required to.. select suitable accountin8 pollcies and then apply them consistentlv., make judgements and estimates that are reasonable and prudent; Comply wlth applicable accounting standards subject to any materlal departures disc105ed and explained In the financial statements- and prepare the financial 5taiements on a going concern basis unless it is inappropriate to presume that the charity will continue In business. The trustees are also responsible for keeping proper accounting records which disclose, with reasonable accuracy at Hny time, the financial position of the charily. They are also responsible for safeguarding the assets of the charity and hence for taking rea50noble Steps for the prevention and detertion of fraud at)d other irregularitie5. Approved by the Trustees on, 20" October 2022 Signed on behalf of the Trustees by.-.....
| 3.Net AnalysisofFunds | Expendable | lncome | funds | Total |
|---|---|---|---|---|
| Endowment unrestrictedRestricted | ||||
| Tangiblefixedassets | 21,580 | - | 21,580 | |
| Currentassets | 40,000 | 193,788 | 26,t94259,982 | |
| Current liabilities | M,842 | 44,842 | ||
| 40,000 | 170,526 | 26,194236,720 | ||
| 4,Restricted lncomeFunds | ||||
| Purposeol fund | Balance | MovementBalance | ||
| tl4l2t | ln | Out |
3Ll3l22 | |
| NEAfricaField | 1,348 | 1,348 | ||
| DiscipleshipTraining | 515 | 515 | ||
| Student Training inUKFund | 32 | 32 | ||
| LeadershipDevelopment | ||||
| LFund | 6,985 | 6,98s | ||
| West AfricaField | 100 | 100 | ||
| MiddleEastField | 5,309 | 5,309 | ||
| AsiaField | 55 | 65 | ||
| lnternationalConferenceFund Stewardship |
L7,440 -20 |
20s | 11,840 | |
| 26,774 | 26,194 |
| ReachAcross International STATEMENT OF FINANCIAL ACTIVITIES for the period ended 31 March 2022 Notes INCOME AND EXPENDITURE Incoming Resources Gifts received Gift Aid & Interest received Amounts Received Global ReachAcross Charities Use of Residential Property Total incoming resources Resources Expended Leadership Development, Pastoral & field projects Media team Website Conferences & Training Employment Costs International Director Developing Training Material Strategic Development & Leadership Travel expenses Hospitality Amounts paid from restricted income funds Governance Employment Costs International Administrator IT Consultancy & Professional Fees Property running and utilities Insurance Fire and safety Office running Bank charges Sundries Depreciation Independent Examiner's Fees Total resources expended Net incoming/(outgoing) resources for the year Fund Balances Brought Forward at 1 April 2021 Fund Balances as at 31 March 2022 Direct expenditure in furtherance of the charity's objectives: Management and administration |
Trial Balance From 01.04.2021 To 31.03.2022 Nominal CodeName Last Financial Year Debit Credit 6 1100 Trade Debtors 11.365,39 7 1200 Current Account 50.935,61 Expendable Unrestricted Restricted Total Total 8 1220 Savings Account 300,37 Endowment Income Income 2022 2021 9 1230 Lloyds Credit Card 24,56 Funds Funds 10 2100 Trade Creditors 580,14 £ 11 12 2600 Long term Loans & Mortgages 41.739,52 H16 13 4800 Gift Aid 216,79 H15 - 240 240 3.047 14 4900 Other income 240 H14 223 223 15 4903 Savings Interest 6,16 H15 16 4904 Letting Contribution 2.700,00 H18 - 61.721 61.721 59.830 17 4907 Levies: Canada 2.946,15 H17 - 2.700 2.700 8.412 18 4908 Levies; Germany 12.509,68 H17 - 64.884 64.884 71.289 19 4910 Levies: Switzerland 11.864,95 H17 20 4911 Levies: UK 10.886,98 H17 21 4912 Levies: USA 23.513,50 H17 22 5003 Audit 840,00 H45 23 5004 Leadership 7.190,32 H33 24 5007 Conferences 1.066,64 H34 - 5.463 5.463 2.128 25 5013 Contributions to Networks 524,19 H32 - 558 558 808 26 6999 Employment Costs 8.670,02 H35 - 1.332 1.332 1.076 27 7401 ID Travel Insurance 71,26 H40 - 2.227 2.227 577 28 7403 Int. Ministry Development 5.398,39 H25 4.769 4.769 29 7404 Member Care 64,82 H25 2.092 2.092 30 7405 Staff Travel Expenses 893,76 H40 9.813 9.813 31 7420 Hotel and Accommodation 259,29 H40 - 1.224 1.224 487 32 7502 Home Office 515,64 H39 - - 33 7520 Office Stationery 128,78 H39 - (20) (20) 2.069 34 7530 Telephone 330,83 H39 35 7540 Internet Charges 295,58 H39 27.478 (20) 27.458 5.005 36 7541 Cloud Storage 316,66 H39 37 7543 VPN 371,06 H39 38 7544 Website 516 H31 - 524 524 122 39 7548 Hosting 816,48 H31 - 3.901 3.901 9.383 40 7575 Sundries 92,07 H43 - 3.075 3.075 4.121 41 7620 IT Consultancy & Professional Fee 3.075,00 H43 - 5.216 5.216 5.539 42 7621 Developing Training Material 2.091,74 H30 - 832 832 43 7622 Strategic Development 2.622,63 H31 - - 44 7630 Business Insurance 831,84 H37 - 1.959 1.959 11.101 45 7800 Repairs and Renewals 5.215,59 H37 46 7900 Bank Charges 71,79 H42 47 7902 Transfer Fees 638,66 H42 - 710 710 596 48 8200 Media Team 557,93 H26 - 92 92 356 49 8230 Training Costs 1.160,09 H34 - - 285 50 TOTAL £44.627,06 - 900 900 960 - 17.209 - 17.209 38.886 - 44.687 (20) 44.667 43.891 - 20.197 20 20.217 27.398 40.000 150.328 26.174 216.502 189.104 40.000 170.526 26.194 236.720 216.502 |
|---|---|
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ReachAcross International
NOTES TO THE FINANCIAL STATEMENTS for theyaer ended 31 March 2022
1. Principal accounting policies
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
a) Basis of Preparation and Assessment of Going Concern
The financial statements have been prepared under the historical cost convention in accordance with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
b) Incoming resources
The network of ReachAcross charities provides donations to ReachAcross International to co-ordinate international support for the network. It is accounted for in full on a receipts basis with the addition of any tax reclaimable. In accordance with this policy, legacies are included on receipt of payment from the personal representative of an estate or when property is transferred.
c) Tangible fixed assets
All assets costing more than £250 are capitalised.
Depreciation is calculated to write off the cost, less estimated residual value, of fixed assets on a straight line basis over their estimated useful lives. No depreciation is charged on the freehold property as it is maintained to such a standard that its estimated residual value is not considered to be less than its cost or valuation and any depreciation charge will be immaterial.
Depreciation rates used are:
Furniture and equipment 25% straight line
d) Foreign currencies
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Currencies are revalued at year-end.
e) Resources expended and basis of allocation of costs
Expenditure is included when incurred and includes irrecoverable VAT. Expenditure on operational programmes is recognized in the period it is incurred. A designated fund is established for expenditure which has been committed to projects, but remains unspent at the year end.
f) Costs of managing and administering the charity
These represent costs attributable to the management of the charity’s assets, organizational administration and compliance with constitutional and statutory requirements.
ReachAcross International
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022
Principal accounting policies Cont’d.
(g) Funds accounting.
Funds held by the charity are:
Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. Tangible Fixed Assets
| Cost At 1 April 2021 At 31 March 2022 Accumulated Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net Book Value as at 31 March 2022 3. Debtors Due from Global ReachAcross charities Prepayments 4. Creditors: Amounts falling due in less than 1 year Trade creditors Accruals |
Freehold Furniture Total Property and Equipment £ £ £ 21.580 21.580 21.580 21.580 2022 2021 0 15.692 0 285 0 15.978 21.580 0 21.580 2022 2021 £ £ 34.572 23.207 8.420 8.420 43.012 31.626 2203 1.598 900 840 3.103 2.438 |
|---|---|
ReachAcross International
NOTES TO THE FINANCIAL STATEMENTS for the yaer ended 31 March 2022
----- Start of picture text -----
5. Net Analysis of Funds Expendable Income funds Total
Endowment Unrestricted Restricted
£ £ £
Tangible fixed assets - 21.580 - 21.580
Current assets 40.000 193.788 26.194 259.982
Current liabilities - -3.103 - (3.103)
Long Term Loan -41.740
40.000 170.526 26.194 278.459
6. Restricted Income Funds
Purpose of fund Balance Movement Balance
01/04/2021 In Out 31/03/2022
NE Africa Field 1.348 1.348
Discipleship Training 515 515
Student Training in UK Fund 32 32
L Fund 6.985 6.985
West Africa Field 100 100
Middle East Field 5.309 5.309
Asia Field 65 65
Refugee Camp Project -20 20 0
International Conference Fund 11.840 11.840
Stewardship 0
26.174 20 - 26.194
----- End of picture text -----
7. Financial Commitments
.
The Charity had no financial commitments at 31 March 2022
8. Payroll
Two Staff Members of ReachAcross International was employed by ReachAcross Germany during the period 1 April 2021 to 31 March 2022 ReachAcross Germany administered the payroll as part of this employment. The benefit pertaining to ReachAcross International for this period was £42,966.57 (€50,205.79) and £34,139.44 ( €39,891.43) = Total £77,106.01 (€90,097.22)
REACHACROSS INTERNATIONAL
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2022
Report to the trustees/ members of xxx (Charity Name) on the accounts for the year ended xxx (date).
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 12th September 2022
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