## **ReachAcross International**
_REPORTS AND FINANCIAL STATEMENTS_
_For the period from 1[st ] April 2023 to 31[st ] March 2024_
Registered Charity No: 1174386
## **ReachAcross International**
## _TRUSTEES’ REPORT_
The trustees present their annual report and financial statements for the accounting period of the Charitable Incorporated Organisation `ReachAcross International' from 1 April, 2023 to 31 March, 2024.
The financial statements have been prepared on the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, applicable law and the requirements of the Statement of Recommended Practice, "Accounting and Reporting by Charities," (FRS 102), second edition, and the Charities (Accounts and Reports) Regulations 2008.
## **Legal and administrative information**
|Full Name:|ReachAcross International|
|---|---|
|Constitution:|The Charity is constituted as a charitable incorporated organisation under a|
||constitution dated 10 March 2017, and registered with the Charity Commission|
||of England and Wales on 25 August, 2017.|
|Registered Number:|1174386|
|Trustees:|Remon Samuel (until 17 October 2023)|
||Anja Kappers (until 17 October 2023)|
||Penny Brasher (since 2 July 2019)|
||Roland Denner (since 8 October 2019)|
||Mark Wenger (since 8 October 2019)|
||Gemma Locke (since 17 October 2023)|
||Joel Spaxman (since 17 October 2023)|
|Registered Office:|66, Park Hill|
||Moseley|
||Birmingham|
||B13 8DS|
|Bankers:|Unity Trust Bank|
||PO Box 7193 Planetary Road|
||Willenhall|
||WV1 9DG|
|Independent Examiner:|Donna Leppitt|
||Independent Examiners Ltd|
||Poplars|
||Yapton Lane|
||Walberton|
||West Sussex|
||BN18 OAS|
1
**ReachAcross International**
## _TRUSTEES’ REPORT (CONTINUED)_
## **Charitable Objects and Activities**
The Objects of the CIO which are for the Public Benefit are:
- the advancement of the Christian faith amongst Muslims throughout the world.
- the relief of the poor and needy.
- the help and comfort of the sick and aged.
- generally, the advancement of any religious or other charitable objects not inconsistent with the foregoing which may from time to time commend itself to the trustees.
The main Activities of the CIO consist of the holding and managing of property and the holding and managing of funds for the international office of a network of ReachAcross charities worldwide with similar objectives.
## **Organisation**
The charity is constituted as a charitable incorporated organisation and is governed by a board of trustees which is responsible for setting the strategic direction of the charity and for establishing policy. The board of trustees meets four times a year and delegates the day-to-day operation of the charity to a management team. The charity is part of a worldwide network consisting of charities with similar objectives.
## **Review of the Period**
The charity continues to work from a decentralised office as established during the Covid19 pandemic, most officers work from their home.
The charity
- 1) continues to hold property. It ensures adequate property management and use of the property in line with the objectives of the ReachAcross network.
- 2) continues to run bank accounts for the management of some funds of the international office of the ReachAcross network in support of the international coordinating work of the office. The charity ensures use and managements of funds in line with the objectives of the ReachAcross network.
Regarding 1), the charity has continued to make parts of its own premises in the UK available to another charitable group in the UK with similar objectives.
Regarding 2), the charity has continued to provide funds for training and coaching especially to the leadership of the partners of the wider ReachAcross network that consists of national charities in UK, Switzerland, Germany, USA, Canada and Uganda.
## **Trustee Training:**
The Trustees have read the guide ‘Charity Purposes and Rules’, to be reminded of their duties as trustees.
## **Review of Finances**
- (1) The charity’s income mainly consists of donations from charities in the network that are restricted to the use for purposes of the international office of the ReachAcross network. Charities in the network are mainly supported by voluntary gifts from churches and individuals.
- (2) In addition, part of the charity’s income is donations from partners staying temporarily at the charity's premises, and part is direct donations from supporters.
- (3) This income has proved adequate, the effectiveness of the work has been maintained and there remains a reasonable level of funds.
- (4) The trustees consider that the charity remains in a healthy financial position and is able to meet its ongoing commitments.
## **Financial Procedures:**
A Financial Procedures Manual was developed and approved by the Trustees.
2
**ReachAcross International**
## _TRUSTEES’ REPORT (CONTINUED)_
## **Investment Policy**
The charity's investment powers are prescribed in its constitution. The prescribed investment powers allow the trustees to invest in any investments or securities of any nature consistent with the principles for which the charity stands, including land of any tenure. The trustees 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 desirable to invest a portion of the reserves of the charity into other low or medium risk investments to ensure the financial long-term viability of the charity, due to low interest rates and rising inflation. The trustees have decided in the financial year 2022-2023 to invest £100.000 with Ruffer AIFM Limited into their Charity Assets Trust. The investment came into effect in May 2023.
## Savings Account
The Trustees decided to open a savings account with Kingdom Bank and deposit £20.000 of the Charity’s reserves to benefit from the recent rise of interest rates for savings.
## **Reserves Policy**
The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The trustees consider that, given the present nature and level of the work and the call on funds, £40,000 should be held and this will be sufficient to provide working capital for core costs and allow for quick response to any emergencies.
## **Risk Management**
The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining free reserves at the levels stated above, combined with the regular review of controls and systems carried out, will provide sufficient resources in the event of any problems. The trustees have also examined the operational risks faced and established that the necessary systems are in place to mitigate the significant risks. Again, an annual review of the financial controls was done using the template provided by the Charity Commission.
## **Trustees**
The trustees in office during the report period and at the date of the approval of this report are set out on page 1.
## **Public Benefit**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. The trustees confirm that they have paid due regard to the charity commission guidance on public benefit before deciding what activities the charity should undertake.
## **Statement of Trustees’ responsibilities**
The trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources and application of the resources of the charity in that year. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements 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 any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on, 25 October 2024 Signed on behalf of the Trustees by,
(Penny Basher)
3
## **ReachAcross International**
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
|Notes
INCOME AND EXPENDITURE
Incoming Resources
Gifts received
7
Gift Aid & Interest received
Dividend Distribution 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
Contribution to Employment Costs International Director
Developing Training Material
Strategic Development & Leadership
Travel expenses
Hospitality
Amounts paid from restricted funds
7
Governance
Contribution to Employment Costs International Administrator
IT Consultancy & Professional Fees
Property running and utilities
Property Renovations
Insurance
Fire and safety
Office running
IEB Expenses
IC Expense & IC Scholarship
Bank charges
Sundries
Independent Examiner's Fees
Total resources expended
Net income/(expenditure) before investment gains/(losses)
Net gains/(losses) on investments
Net Income/ (Expenditure)
Transfer between funds
Net movement in funds
Reconciliation of funds:
Fund Balances Brought Forward at 1 April 2023
Fund Balances as at 31 March 2024
_Direct expenditure in furtherance of the charity's objectives:_
_Management and administration_|Unrestricted
Restricted
Total
Total
Income
Income
2024
2023
Funds
Funds
**£**
**£**
**£**
**£**
**£**
-
1,206
8,973
10,179
12,729
-
2,998
-
2,998
1,704
-
1,918
-
1,918
-
-
63,509
-
63,509
70,990
-
5,000
-
5,000
6,000
-
74,631
8,973
83,604
91,422
**£**
**£**
**£**
**£**
**£**
-
15,472
-
15,472
14,023
-
-
-
-
174
-
1,491
-
1,491
721
-
4,879
-
4,879
3,832
-
9,549
-
9,549
4,490
-
-
-
-
-
-
13,826
-
13,826
19,774
-
4,698
-
4,698
1,116
-
-
-
-
-
-
-
2,449
2,449
-
49,916
2,449
52,364
44,130
**£**
**£**
**£**
**£**
**£**
-
435
-
435
455
-
9,549
-
9,549
4,490
-
5,121
-
5,121
9,594
-
-
-
-
-
-
-
-
-
14,608
-
1,090
-
1,090
1,104
-
-
-
-
-
-
4,147
-
4,147
3,877
-
3,995
-
3,995
5,750
-
-
12,229
12,229
-
-
950
-
950
797
-
58
-
58
78
-
990
-
990
900
-
26,335
12,229
38,564
41,653
-
76,251
14,677
90,928
85,783
-
(1,620)
(5,704)
(7,325)
5,639
-
(6,042)
-
(6,042)
-
-
(7,662)
(5,704)
(13,367)
5,639
-
-
-
-
-
-
(7,662)
(5,704)
(13,367)
5,639
40,000
176,144
26,194
242,338
236,700
40,000
168,482
20,490
228,972
242,338
Designated
Fund|
|---|---|
Designated Fund: changes from prior years – please see Note 9
## **ReachAcross International**
## BALANCE SHEET
for the year ended 31 March 2024
|Fixed assets
Intangible assets
Tangible assets
Investments
_Total fixed assets_
Current assets
Debtors
Cash at bank and in hand
_Total current assets_
Creditors: amounts falling due within one
year
_Net current assets/(liabilities)_
_Total assets less current liabilities_
Creditors: amounts falling due after one
year
Provisions for liabilities
_Total net assets or liabilities_
Funds of the Charity
Designated Funds
Restricted income funds
Unrestricted funds
Revaluation reserve
_Total funds_
Signed by one or two trustees on behalf of
all the trustees|2a
2b
4
3
5
9
7
6
|**Unrestricted**
**funds**
**Restricted**
**income funds**
**£**
**£**
- -
21,580 -
93,958 -
115,538 -
13,400 -
78,544 20,490
91,944 20,490
5,675 -
86,269 20,490
201,807 20,490
33,325 -
- -
168,482 20,490
- -
20,490
168,482
168,482 20,490
Signature|**Designated**
**funds**
**Total**
**2024**
**£**
**£**
- -
- 21,580
- 93,958
-
115,538
- 13,400
40,000 139,034
40,000 152,434
- 5,675
40,000 146,759
40,000 262,297
- 33,325
- -
40,000
228,972
40,000 40,000
20,490
- 168,482
-
40,000 228,972
Penny Brasher
Print Name
Roland Denner|**Total**
**2023**
**£**
-
21,580
-
21,580
31,036
232,207
263,243
4,800
258,443
280,023
37,572
-
242,450
40,000
26,194
176,256
242,450
Date of
approval
dd/mm/yyyy
25.10.2024
25.10.2024|
|---|---|---|---|---|
Designated Fund: changes from prior years – please see Note 9
CC17a (Excel)
2
25.10.2024
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024
## **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 coordinate 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.
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 March 2024
## **c)** Tangible fixed assets
All assets costing more than £1,000 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 2024
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.a Tangible Fixed Assets**
|Cost
At 1 April 2023
At 31 March 2024
Accumulated Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net Book Value as at 31 March 2024
At 31 March 2023
**2.b Investments**
2(b) Fixed Asset Investments
Charity Asset Trust (CAT)
CAT managed funds market value at the time of purchase
Additions in the year at cost
Disposals in the year
Decrease in valuation
Market value at 31 March 2024
The Historical Cost of the investments totalled to £100,000.
Investment was purchased on 22/05/2023.|Freehold
Furniture
Total
Property
and
2024
Equipment
£
£
£
21,580
0
21,580
21,580
0
21,580
£
£
£
0
0
0
0
0
0
0
0
0
21,580
0
21,580
21,580
0
21,580
TOTAL
TOTAL
2023/24
2022/23
£
£
100,000
-
-
-
-
-
(6,042)
-
93,958
-|
|---|---|
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 March 2024
## **3. Cash at Bank & in Hand**
|**3. Cash at Bank & in Hand**
Current Account
Deposit Account
Kingdom Bank
Roland Denner Loan
Cash
**4. Debtors**
Global ReachAcross charities
Prepayments
**5. Creditors: Amounts falling due in less than 1 year**
Trade creditors
Accruals|Unrestricted
Restricted
Designated
Total
Total
Fund
Fund
Fund
31. Mrz 24
31. Mrz 23
£
£
£
£
£
12,745
20,490
0
33,235
29,803
65,361
0
40,000
105,361
201,944
0
0
0
0
0
300
0
0
300
300
138
0
0
138
161
78,544
20,490
40,000
139,034
232,207
2024
2023
£
£
13,400
22505
0
8420
13,400
30924
2024
2023
£
£
4,775
3900
900
900
5,675
4800|
|---|---|
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 March 2024
## **6. Net Analysis of Funds**
|**6. Net Analysis of Funds**
Tangible fixed assets
Current assets
Current liabilities
_Long Term Loan_|**£**
**£**
**£**
**£**
-
115,538
-
115,538
40,000
78,544
20,490
139,034
-
7,725
-
7,725
-
(33,325)
-
(33,325)
40,000
168,482
20,490
228,972
**Designated**
**Fund**
**Unrestricted**
**Fund**
**Restricted**
**fund**
**Total**
**2024**|
|---|---|
## **6.b Net Analysis of Funds**
In July 2021 ReachAcross International was give a loan of €50,000 (euros) to use without restrictions. It was agreed that ReachAcross International would repay the loan at €5,000 (euros) a year. Starting 31st July 2022 This was transferred to the International office in 4 quarts and amounted to £41,739.52
The first payment was made by the German office on 07/07/2022 and deducted from their levy contribution €5,000 = £4,167.08
The second payment was made by the German office on 31/07/2023 and deducted from their levy contribution €5,000 = £4,247.26
The current balance is now €40,000 and has been accounted as being £33,325.18
## **7. Restricted Income Funds**
|**Current year**
NE Africa Field
Discipleship Training
Student Training in UK Fund
L Fund
West Africa Field
Middle East Field
Asia Field
International Conference Fund
Ugandan medical Support
**Previous year**
NE Africa Field
Discipleship Training
Student Training in UK Fund
L Fund
West Africa Field
Middle East Field
Asia Field
International Conference Fund|**Balance**
**Balance**
**01/04/2023**
**31/03/2024**
**£**
**£**
**£**
**£**
1,348
-
-
1,348
515
-
-
515
32
-
-
32
6,985
-
-
6,985
100
-
-
100
5,309
-
-
5,309
65
-
-
65
11,840
-
5,704
6,136
-
2449
2449
-
26,194
2,449
5,704
20,490
**Balance**
**Balance**
**01/04/2022**
**31/03/2023**
**£**
**£**
**£**
**£**
1,348
-
-
1,348
515
-
-
515
32
-
-
32
6,985
-
-
6,985
100
-
-
100
5,309
-
-
5,309
65
-
-
65
11,840
-
-
11,840
26,194
-
-
26,194
**Income**
**Expenditure**
**Income**
**Expenditure**|
|---|---|
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 March 2024
## **8. Staff Costs**
During the period 1 April 2023 to 31 March 2024 two staff members of ReachAcross Germany served the wider network of ReachAcross Charities. ReachAcross Germany administered the payroll of the employment of these staff members. This has saved RA INTERNATIONAL this amount: €93,985.17
ReachAcross International contributed (€22,000) £19,098.88 to the cost of these employments, as ReachAcross International is rendering service to the wider network of ReachAcross Charities.
## **9. Expendable Endowment Fund to Designated Fund – changes in representation:**
The £40,000 was set aside as a designated cash fund on the charity’s current account as per the trustees’ decision to provide for unforeseen circumstances such as any Crisis Management. This amount has been represented as Extendable Endowment Fund in previous published accounts in error. In the published accounts for year 23/24 this is now reflected as Designated Fund.
## **ReachAcross International**
NOTES TO THE FINANCIAL STATEMENTS (Continued) for the year ended 31 March 2024
## **10.a Trustee remuneration and benefits**
## This year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## Last year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## **10.b Trustees' expenses**
**----- Start of picture text -----**
This year Last year
Type of expenses reimbursed
£ £
Member Care 2,371 2,915
Int. Ministry Development 3,588 5,092
IEB Expenses 1,416 3,801
Telephone 609 675
Conferences and Training 206 1,191
Home Office 520 -
Staff Travel Expenses 1,871 1,020
Office Equipment 1,014 564
IC Expenses 1,132 -
TOTAL 12,727 15,258
Please provide the number of trustees reimbursed for expenses or who had expenses 5 4
**----- End of picture text -----**
## **10.c Transaction(s) with related parties**
This year
|Name of the trustee or related party|Name of the trustee or related party|Relationship
to charity|Description of
the
transaction(s)|Amount|Amount|Balance at
period end|Provision for bad debts at
period end|Amounts written off
during reporting
period|
|---|---|---|---|---|---|---|---|---|
|||||£||£|£|£|
|Christine Denner||Wife of|Flights||748||||
|||Trustee R|Frankfurt -||||||
|||Denner|Dakar for||||||
||||GST &||||||
||||Project visit||||||
|Last year|||||||||
||N/A|Relationship
to charity|Description of
the
transaction(s)|Amount||Balance at
period end|Provision for bad debts at
period end|Amounts written off
during reporting
period|
|||||£||£|£|£|
## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
Report to the trustees/members of ReachAcross International on the accounts for the year ended 31st March 2024 set out on pages 1 to 9.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed. It is my responsibility to:
- examine the accounts (under section 145 of the 2011 Act),
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 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 Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 130 of the Act); and
- ● accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Zita Derbak MAAT AATQB Independent Examiners Ltd Unit 2 Sign: The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Date: 17.08.2024