2023-09-30-accounts

OPERATIOM REACH Charlty Number: 1194403 Operation Reach CIO (Charltable Incorporated Or8anlsatlon} Trurtees Annual Report and Unaudlted Flnanclal Statements for the year ended 30 September 2023 Operotion Reach provlde5 transformatlve odventuresfor young people. to build thelr lift skills & help them reach thelrpotentlol w.o erot orireach.or [e-mail] operotionreach.org.uk Operotion R8och is o regi¥tergd charity in England und wolès No.1194403. Reg1S18r8d offlcv. 77 Woodst(￿* RocJ4 oxford, OX2 8HL

QPERATIOH ACH Operation Reach Contents Page Trustees and Other Information Trustees, Report Independent Examinerfs report Statement of Flnancial Activities li Balance Sheet 12 Notes to the Financial Statements 13 Info@O￿ratIOnreaCh.Org.uk operationrga¢h.org.uk Opgratitsn Rèo¢h is a re9lSt8rÉd charfty in Englond und Wa18s No.1194403. Regi$t&red office.. 77 W¢)odstock Roa4 Oxford, OX2 6HL

OPERATION REACH Operation Reach Trustees and Other Inlormatlon Trustees Mrs Alice Clementi IAppointed on 2 January 20211 Miss Flora Va5ey (Appointed on 16 June 20211 Mr Ho Yeung IHenryl Kwok IAppointed on 31 May 20221 Mr Rene Campbell (Appointed on 2 January 20211 Miss Leila Jarvis (Appointed on 2 January 20211 Charity number 1194403 Registered offlce 77 Woodstock Road Oxford OX2 6HL Independent examiner Trevor James FCA DChA FCIE Key management personnel Mrs Olivia Hill (Volunteer CEO) [e-mail] OPgrationreoch.org.uk Opgrotion Reoch Is o r8glstered chc5rity in England on¢J Woles NO.1194403. Re9lSt8red offlce.. 71 Woodstock Roo4 Oxford, OX2 SHL

OPERATIOM REACH Operatlon Reach Truste¢s' Report Year ended 30 Seplembef 2023 The Trustee5 present their report ond flnancial statements for the year ended 30 September 2023. The Trustee5 ¢onflrm that the Annual Report and Flnanclal Statements of the charlty comply with the current Statutory requirements, the requlrements of the charlty's governing document and the provlsions of the Statement of Recommended Practice150RPI, appllcable to charltles preparing thelr accounts In accordance with the Financlal Reportln8 Standard appllcable In the UK IFRS 1021 leffectlve l January 20151 as amended by Update Bulletin I (effective l January 20151. Oblectfve$ •nd •rtlvltles Pollcl*s Jnd obJertlves Operatlon Reach provldes transformatlve adventures for young people, to bulld thelr Ilfe skllls & help them reach their potentlal. b. Attlvltle$ lor •¢hlevln8 objectlves Operatlon Reach provldes young people aged 16- 18 wlth the opportunlty to travel overseas to experience a distlnct culture and complete a demandlng, physScal challenBe. The charlty then provldes onBoln8 SUPPOrt through an 18-month mentorlng programme, focusslng on advlce and guldance for ursiver51ty & work experlence opportunltles. A¢hlev•m¥nts •nd porformance . Revlew of actlvltles 10 student5 5elertÈd from four dlfferent schools formed the 2023 Reachers cohort. All students ol thi5 cohort have met our selection criteria.. entltlernent to free school mealslfSrst generatbon attendlnB unlver51ty In the family. The Reachers have showed thelr p051tive, curlou5 personalitles shlnln8 through during both the trustee intervlews and the pre-trlp Preparation Day in Oxford. On 22 July 2023, the Reachers embarked on thelr two week expedition in India. The expedltion was completed successfully and received overwhelmln8ly posltlve feedback from the Reacher5. Speclflcally: 100% of the Reachers considered that the experlence had Increased confSdence to L¢ndertake 50methlng new and challenglnB' l(Kl% of the Reacher5 considered that the experlence had greatly Improved thelr skllls In communicatin8 both with thelr peers and adyltS,' 100% considered that the experSence had led to them settlng more ambltSous, asplrational targets beyond school; and [e-mail] operotionreach.org.uk Optrrotlon R8a¢h Is o registered chority In Englond ond Walès NO. 1194403. R8glstered otllc8'. 77 Woodstock Roa4 Oxford, OX2 6HL

OPERATIOM REIICH 67% considered that their resllience and self-belief had significantly improved as a result of the experience. On 4 Oct 2023, the charSty organised a photo exhlbltlon evenlng at Panter & Hall where curated photos taken by Reachers durlng the 2023 and 2022 trips were on dlsplay. The mentorlng programme for 2023 cohort was launched in January 2024. The mentorin8 pro8ramme for 2022 ¢ohort was underway. Flnanclal Revlew The charity's income for the perlod wès £65,645 and conslsted of £60,000 from 8rants, £3,566 from donations and £2,079 fundralsed by Reachers and volunteers. Expendlture for thè year was £46,555 of whlch £41,403 was for expedltlon costs, tralnln8 day and assoclated insurance. As of 30 September 2023, there was a surplus of income over expenditure of £19,090. Net assets of the charlty were £21.898 as at 30 September 2023. a. Goln8 ¢on¢•rn The Trustees have a reasonable expectatlon that the chJrlty has adequate re50Ltrces to contlnue In operatlonal existence for the foreseeable future. For thls reason they contlnue to adopt the 8oln8 concern basls In preparln8 the flnanclal statements. b. Reser¥•$ polkv The charlty's reseNes pollcy alms to: provide the charlty wlth adequate flnanclal stablllty and the means to address anv unforeseen circumstances,. ensure the contlnuity of servlces for all beneflclarles wlthout unnecessary Interruptlon; and ensure that restrlcted and unrestrlrted funds are manaBed In an approprlate manner, Glven the early stage of establlshment of the charlty, the Trustees recognlse that It was a challenge to bulld reserves in the current economlc cllmate. The CEO and Trustees wlll contlnue to keep the reserves needs of the charlty contlnually under review, The approprlate level of free reserves necessary for the efficlent management of the charlty Is assessed to be approximately costs relatlng to organlsSn8 an expeditlon for one future cohorts plu5 three months operating expenditure. As at 30 September 2023, there were a balance of £18,597 restricted funds and £3,301 unrestrlcted funds. ¢, Pos1 Balance Sheet events The Trustees confirm that there were no post balance Sheet events that might have an impact on the financlal position of the charity as of the reporting date. [e-mail] OPfjTOtionreach.org.uk Operotion Reo¢h18 a r8olst8r8d chrjrity In Engknnd and Wolas ￿0.1194403. R89Ssiered offlc8'. 77 wo¢xkt(xk Roud, Oxford, OX2 6HL

OPERIITION CH Structsrefft governance and management a. Constltutlon Operation Reach is governed by its Constitution. It became a registered CIO on 10 May 2021. b. Method of appolntment or elertlon of Trustees The management of the charity is the responsibility of the Trustees who are elected and co￿pted under the terms of the constitution. An interyiew process is in place in the appointment of the Trustees. The flnal declslon to appointment is voted on by the Trustees. c. Policies adopted for the Indurtlon and trainln8 of Trustees Trustees are subject to interviews and DBS checks prior to being appointed. All Tnjstees have a clear role description including specific roles and responsibilities. Training is given by existing Trustees and they have the option to rneet the Reachers (subject to the necessary checks having been performed) through the interview process, training day and at fundraisin£ events. d. Orzanlsatlonal strurture and declsion maklnl There are five appointed Trustees who are responsible for oversight of the charity and effectlve management of its resources. Day to day responsib%lity for operations is delegated to the Volunteer CEO as set out in their contract lunpaidl. All major decisions such as selerting of vendor5 and use of financial resources are discussed and voted on by the Trv5tees. e. Rlsk management The Trustees have assessed the major risks to whlch the charity is exposed. In particular those related to operations and finante5 of the charity, and are satisfled that Systems and procedures are in place to mitl8ate our exposure to the major risks. The charity has an Insurance policy in place to mitl8ate some of the operational risks. A separate detailed risk assessment for the Reachers, expedition was also prepared by the travel agency that the charlty partnered with and reviewed by the CEO and trustees. Trusteé5 Tesponslbllftlos statement The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wi£h the Charities Act 2011, the Chaiity IAccounts and Reports) Regulations 2008 and the provlsions of the trust deed. The law applicable to charities in England & Wales require5 the Trustees to prepare financial Statements for each fi'nancial year whlch give a true and fair vlew of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparin8 these financial statements, the Trustees are required to., [e-mail] operationrèach.org.uk Op8rotion Reoch Is o rgglster8d churity In England and wolès NO.1194403. Regist8rèd office.. 77 WoodstL￿k Rood Oxyord, OX2 6HL

QPERITIOM REIICH • select sultable accounting policies and then apply them consistently: . observe the methods and principles in the Charities SORP 2015 IFRS 1021; make jud8ements and estSmates that are reasonable and pnjdent,. state whether applicable accounting standards have been followed, subject to any material departures dlsclosed and explaSned In the flnancial ststements,. and prepare the financial statements on the going concern basis unle55 it is inappropriate to presume that the charlty will continue in operation. The Trustees are responsible for preparin8 the Trustee5' annual report and the financlal statement5 Sn a¢cordance with appllcable law and United Kin8dDm Accounting Standards (United Kingdom Generally Accepted Accountin8 Practlcel. They are also responslble for safeguardlng the assets of the charity and hence for takin8 reasonable steps for the prevention and detertion of fraud and other Irre8ularitie5. Thls report was approved by the Trustees on 17 May 2024 and slgned on thelr behalf by: Henry Kwok Trustee inloooporationreach.org.uk operationreach.oig.uk Operotion Rgoch is a r89lstered ¢harlty In Englond ond Wole$ NO.1194403 Règlstai•d offlcè.. 77 woodstwk Rood, Oxf￿￿, OX2 6HL

OPERATIOM REACH -1 would definitely love to partake in such an experience again because it brought me $0 much hoppiness and allowed me to reflect gaining a wider perspective on different ospects olmy life. in particular that of growing up. I loved being so deeply integrated Into a community and culture which helped me dlscover more ol who I was as aperson. intrinsically. The tr8k ollowed me the opportunity to be at one wlth the natural landscape surroundedby on amazing culture and (7 wonderfulgroup ol sharpas. l also loved the opportunity to be away from the norms ofmy typical doy to d¢7y routine in London and be able to explore an entirely different way of life." 2023 Reachar I cannot believe the tmnsformotion in my daughter - she may not se8 it herself yet but she is so much more mature and independent. Before the trip. she never even used to walk to school wlthout me but now she Is full ollnn8r-confldence. Parent 012023 Reacher [e-mail] oporatlonreach.org.uk Opprgtion Re(5¢h Is o re9"Steied chority in En9land and Wole$ NO.1194403 Règistar•d tsffic*, 77 Wooclstock Road. OKftsrd, OX2 8HL

OPERATIOM REIIICH Operation Reach Independent Examinerfs report to the Trustee5 of Operation Reach Year ended 30 September 2023 I report to the charity Trustees on my examination of the accounts of the CIO for the period ended 30 September 2023. I report on my examination of the accounts of Operation Reach (the Charity) for the year ended 30 September 2023. This rewrt is made solelyto the Charitys trustees, as a body, in accordance with the Charities Act 2011. My work has been undertaken so that I might state to the Charivs trustees those matters I am required to state to them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume ￿SponsIbl11ty to anyone other than the Charity and the Charity's trustees as a body. for any work. for this report, or for the opinlons I have formed. Respon$lbllltle$ and basls of rèport A5 the Trustee5 of the charltable incorporated organi5ation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Aet'j. As the Charity's trustees, you are responsible for the preparatlon of the accounts in accordance wlth the requirements of the Charitles Act 20111"the Act'l. You consider that an audit is not required for the year under Section 144121 Of the Act and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Act- follow the procedures laid down in 8eneral Directions given by the Charity Commission under section 14515llbl of the Act- and to state whether particular matters have come to my attention. Ba515 of the Independent E¥amlnerf5 report My examination was carried out in accordance with the general Directions given by the Charlty Commission. An examination includes a review of the accounting record5 kept by the Charity and 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 you as 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. [e-mail] operationreach.org.uk Opgrotion Reach is o r8glSt&rad cnority in Englond ond 1194403. R89isi¥rgd offi¢fy.' 77 WooLlstock Roa4 Oxford, OX2 6HL

OPERATIOM CH Independent Examlnerf5 Statement In ¢onnertion 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 wSth section 130 of the Act,. and to prepare accounts which accord with the accountin8 records and comply with the accounting requirements of the Art have not been met, or 2. to which. in my opinion, attention should be drawn in order to enable a proper understandlng of the accounts to be reached. Trevor James FCA DChA FCIE Dormer Corta8e West Broyle Chichester West Sussex P019 3PR InfoL&operationreach.org.uk oporationrgach.org.uk Operotion Reach is o rogi8ter8d chority in Englond and Woles No.1194403. Regist8red offlce.. 77 Woodstock Roo4 Oxfofd, OX2 6HL io

QPERAkTIOM REACH Operatlon Reach Statement of Flnanclal Actlvltles Year ended 30 September 2023 Note Re5trirted Unrestrirted 2023 Total Restricted Unrestritted 2022 Total Intome from: Donations Grants Fundraising Total Income 3,566 3,566 36,726 36,726 10.660 1,163 48,549 60,C 10.6C 2.079 5,645 2.079 65NS 1,163 37,889 10,600 Expendllufe on: Expeditlon and trainln8 day Insurances WebsTrte I techno108V Other costs Total •xp•Trdlture 41,403 41,103 10,600 26,033 36.693 2,831 840 1,481 5,152 2,831 930 6,720 1,399 3S,1)81 930 6,720 1,399 45,741 IA81 46.555 41,403 10,600 Net movement In funds 18,597 493 19,090 2,808 Funds balance at the start of the period Funds balance at the end of the perlod 2.808 18,597 3,301 21.898 2,808 The statement of financial actlvities includes all gains and losses reco8nised in the year. All income and expenditu￿ derive from continuing attivities. The notes on pages 12 to 13 form part of these financial statements, [e-mail] operationreach.org.uk Op8rution Reach is o registered charity in Englon¢J and Woles No. 1194403. Regi5t8r8d offl¢e". 77 Wo¢xlsto¢k Rocd Oxford, OX2 6HL li

OPERATIOM REJICH TP Operation Reach Balance Sheet As at 30 September 2023 Note 30 Sep 23 30 Sep 22 Flxed *￿ets Intanglble assets Current assets Debtors Prepayments Cash at bank and In hand I1￿93 2,808 Creditors.. amounts falllng dtse withln one year Net current assets I Iliabilitiesl 21,898 2,808 Net assets 21.898 2,808 Funds RestrirtÈd fund5 Unrestricted funds Total 18,597 3,301 21,898 2,808 2.808 The financial statements were approved by the Trustees on 17 May 2024. Henry Kwok Trustee Charity number: 1194403 The notes on pages 12 to 13 form part of these financial statements, [e-mail] operationieach.Ofg.uk Operotion R8ach iy o r￿g￿$t￿red chority in England and Wolès No.1194403. Reglsl8r8d ofli¢e.' 77 Woodstock Rotsd oxf￿￿, OX2 8HL 12

QPERIITION REACH Operation Reach Notes to the flnanclal statements Year ended 30 September 2022 l. Aecountln8 pollcles 1.1 Ba515 of preparatlon of financlèl statements The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared In accordance with Accountlng and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard appllcable in the UK IFRS 1021 Issued on 16 ljjly 2014, the Charities Act 2011 and UK Generally Accepted Prartice as it applies from l January 2015 updated for bulletin l. The financlal statements are prepared on a going concern basis under the historical cost conventlon. The financial statements are prepared in sterling, which Is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The signlflcant accounting policies applied irs the preparation of these financial statements are set ovt below. These policies have been consistently applied to all years presented unless otherwise stated. 1.2 Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectatlon that the charity has ade4uate resources to continue in operational existente for the foreseeable future. Thus the Trvstees contlnue to adopt the going concern bèsi5 of accounting in preparing the financial statements. 1.3 Chafltable funds Unrestricted funds are available for use at the discretSon of the Trustees in furtherance of thelr charitable objectives unless the funds have been designated for other purposes. Restricted funds can only be used for particular restricted purposes with the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrlcted purposes. 1.4 Income and expendlture The accounts have been prepared on a receipts and payments basis. 1.5 Cash and Cash equivalents Cash and cash equivalents Include cash in hand. 1.6 Flxed assets The charlty does not currently have any fixed assets. Info@operatlonr•och.org.uk operotionreoch.org.uk Opergtion R8OCh15 0 r8glstgr8d chority in England ond Wol¢s NO.1194403. Re9lSl8red olfic¢'. 77 Woodsttx* Rood, Oxlord, OX2 6HL 13

OPERATIOM CH Tb 1.7 Baslc tlnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price includin8 transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a flnancing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. All expenses are inclusive of irrecoverable VAT. 1.8 Corporatlon Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Att 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 1.9 Crltical accountlng estlmate5 and Judgements In the application of the CharIt￿S accounting policies, the Trustees are required to make judgements, estimates and assumption5 about the carryinB amoLbnt of assets and liabilities that are not readilv apparent from other Sour￿5. The estimates and associated assumption5 are based on historlcal experience and other fartors that are considered to be relevant. Actual result5 may differ from these estimates. The estimates and underlying assumptlons are revlewed on an ongoln8 basls. Revlslons to accounting estimates are recognised in the period in whlch the estSmate is revised where the revision affect5 only that period, or in the period of the revislon and future perlods where the revision affects both current and future periods. 2. Trustees and volunteers No Tru5tee5 or volL*nteers received any remuneratlon or benefits In the period. 3. Related party transartlons The charity did not undertake any related party transaction5 during the reporting period. On 13 Aprll 2022, the CEO of the charity made a loan to the charity for GBP S.CK)O. The loan was repald in full on 12 August 2022. [e-mail] opgrotionreach.org.uk Operotion Reach is a re9lSt8red chariry In England ond woltss NO.1194403. R891Ster8d office.. 77wC￿dstOck Roo4 Oxford OX2 6HL 14