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2024-03-31-accounts

Annual Report and

Financial Statements 1[st] April 2023 – 31[st] March 2024

Registered Charity No. 802440

Scotland SC038067

REACT Officers and Advisors Year ended 31[st] March 2024

Founder

Sister Frances Dominica OBE

Patrons

Baroness van Dedem Sir Derek Jacobi CBE Samantha Bond

Trustees

R Wiles (Chairman) D Brownlee J Burdett R Clifford K Entwisle P Mellor Dr. M Miller

Honorary Medical Advisor

Dr. M Miller Consultant Paediatric Palliative Medicine (Retired)

Director

V Andreas

Office

React

Building 3, Chiswick Park 566 Chiswick High Road Chiswick London W4 5YA

Auditors

Cooper Dawn Jerrom. Units SCF 1&2, South Core Western International Market Centre Hayes Road, Middlesex UB2 5XJ

Bankers

s
Barclays Bank plc Weatherbys Bank
8 George Street Sanders Road
Richmond Upon Thames Wellingborough
Surrey TW9 1JY Northamptonshire NN8 4BX

REGISTERED CHARITY NUMBER 802440 Scotland SC038067

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REACT Report of the Trustees Year ended 31[st] March 2024

The Trustees present their annual report and financial statements for the year ended 31[st] March 2024. The financial statements are prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s Trust Deed, Charity Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and the Financial Reporting Standard applicable in the UK and Ireland SORP (FRS102).

React’s aims and objectives

React’s objective is to improve the quality of life for children with life-limiting conditions living in financially disadvantaged families throughout the UK.

The charity carries out this objective by:

The Trustees confirm that the charity’s aims and objectives are in accordance with the Charity Commission’s guidance on Public Benefit.

React’s Delivery of Public Benefit

In order to achieve the charity’s aims and objectives, React provides a wide range of support to families caring for a terminally ill child. This support is essential to meet children’s care, yet unavailable from any other source and the rapid response provided by React offers both practical and psychological support, thus improving the mental health of parents and carers.

Responding to requests from both families and healthcare professionals, React provides assistance to ensure a child’s life remains comfortable, inclusive and stimulating in the form of:

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REACT Report of the Trustees (continued) Year ended 31st March 2024

React’s Delivery of Public Benefit (continued)

By providing aid and essential equipment to children and their families, the charity meets essential needs that are unavailable from statutory sources and local authorities. React recognises the additional cost involved, in both time and finance for families caring for children who are living with terminal illness, and this is often compounded by a reduction of income especially when the need occurs for one or both parents to give up paid employment.

React achieved its aims and objectives during 2023/24, and in doing so provided a beneficial service for children with life-shortening conditions, living within financially disadvantaged families. The charity reviews the outcome of its work each year and assesses the value its service brings to each family. React’s Honorary Medical Advisor and Trustee, Dr. Mike Miller brings a wealth of experience and a greater understanding of the complex care needs our families face.

An analysis of total charitable expenditure amounting to £709,680 is given in Note 3 of the Financial Statements and this provides a detailed outline of the different areas of support as described above.

React encourages referrals from all professionals working in the field of children’s palliative care and works to expand its service to those who are not familiar with the charity’s work. Likewise, React actively seeks out organisations working with families caring for terminally ill children and welcomes enquiries directly from parents and carers.

Plans for the Future

React continues to expand its presence across the UK and to forge new relationships as well as maintaining ‘old’. The charity’s association with health and medical professionals who are attached to a variety of organisations remains a key component of the effective delivery of React’s service. In

recent months, React has actively sought to solidify relationships with palliative care teams, including visits to various hospices, including Martin House Hospice (Leeds), Acorns Children’s Hospice (Worcester) and Demelza Hospice (London). These visits, in addition to close working relationships with many more healthcare organisations across the country, enable React to keep up to date with the latest developments in the field of children’s palliative care, and to make informed decisions with family applications.

The future of React’s service providing respite breaks for families at its mobile homes, was bolstered by a generous award from the Kentown Wizard Foundation who funded the purchase of three new caravans which, replaced the charity’s oldest mobile homes. Visits to all mobile home sites by React staff revealed essential feedback and, the decision was made to switch React’s mobile homes at Seton Sands and Skegness, to new sites in Eyemouth and Great Yarmouth. Looking ahead, React plans to further expand its fleet of mobile homes to more locations within the UK, and allow easier access for more families who rely on the charity’s service.

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Plans for the Future (continued)

In May, React completed its move, away from offices in Kew where the charity was based for over 30 years. The charity is now fully settled in its new home in Chiswick. Staff are encouraged to work remotely and this arrangement allows React to recruit staff across the UK, with roughly half the charity’s workforce now based outside of Greater London. Although React is sad to see the retirement of Sister Frances Dominica OBE who has stepped down from the Board, the charity is delighted to welcome a new Trustee, Debbie Brownlee who has worked with React in the past during her nursing career and is now helping to expand React’s presence in Scotland.

Recycling of Equipment

The responsibility and maintenance of equipment provided by React is passed on to each family. However, when there is a change of need or death of a child, React will endeavour to re-home each item to a child with a similar need providing the equipment remains in good serviceable condition.

Respite Breaks for Terminally Ill Children - ‘Giving Precious Quality Time’

Facing intense financial pressure, many families caring for a child with a terminal diagnosis, will find contemplating a holiday out of reach and unaffordable. With the everyday complexities associated with caring for a child with such devastating diagnoses, many families face extraordinary demands on both emotional and physical strength. With awareness that a holiday is beneficial yet, often financially unattainable for families, React is delighted to offer a one-week mobile home holiday, offering a holiday environment for the whole family and allowing them to make precious memories together.

React believes that every child should have comfort, dignity and opportunity to participate in life as fully as possible and it is with thanks to the Kentown Wizard Foundation React continues to provide week long holiday breaks to families, offering respite from the stress of everyday life and a chance to make memories to be treasured. Having offered these holidays for many years, three mobile homes had reached the end of their serviceable lifespan and, an award from the Foundation funded their replacement. Following the purchase of the new homes, which offer a high standard accommodation to vulnerable families, the charity is pleased to announce new site partnerships have been forged while retaining a UK wide geographical distribution of sites: Norfolk (California Cliffs), South Wales (Trecco Bay), Blackpool (Cala Gran), and Berwickshire (Eyemouth). As with all React mobile homes, the new chosen sites at Berwickshire and Norfolk remain close enough to local amenities to ensure convenience for our families and good relationships built with site staff allow for a relaxed, stress free respite break.

Families visiting these homes experience similar amenities found in any home. Twelve feet wide and comfortably sleeping six, React’s three bedroom holiday homes are spacious and suitable for most families. Kept in great condition through the charity’s partnerships with site maintenance teams and family feedback, React is dedicated to ensuring all families are able to enjoy their much needed time away. Ensuring the family are able to enjoy their break stress free, all sites are an ideal base to

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Respite Breaks for Terminally Ill Children - ‘Giving Precious Quality Time’ (continued)

explore nearby attractions and come with free entertainment passes to ‘on’ site facilities such as indoor swimming, sports facilities and evening entertainment.

With the holiday season in full swing, React holidays remain as popular as ever across all of our four UK sites. In the coming year, the team are working towards ensuring the continued high quality respite break families have come to expect from React and hope to be able to expand our fleet further.

React in Scotland

React works closely with a wide range of healthcare and medical professionals across Scotland. The charity has maintained relationships with organisations such as the Royal Hospital for Sick Children in Edinburgh and Glasgow and Children’s Hospices Across Scotland, and remains committed to creating new connections across the country. React greatly values its relationships with healthcare organisations, both established and new, allowing the charity to reach even more eligible families in the country. Healthcare and medical professionals play a pivotal role in supporting the charity’s mission, ensuring React’s service maintains an efficient and accessible source of support to families in need in Scotland.

We receive a variety of referrals from families in Scotland, reflecting the distinct demand for React’s services across the country. These requests have ranged from a seizure monitor to quickly alert parents when a seizure occurs, and Eyegaze equipment allowing a child to control computer equipment with only their eyes. The wide variety of requests in addition to the consistency of applications received demonstrates the depth of need for the charity’s assistance.

React has owned mobile homes in Scotland for a number of years, providing respite from everyday life to families caring for terminally ill children and creating a setting for memories to be made with the whole family. This year, React has purchased a new mobile home located in Eyemouth Holiday Park. Offering an upgraded experience in a brand-new home, React continues to improve upon its services and this has been greatly appreciated by those visiting so far.

React is benefiting from the appointment of Debbie Brownlee to its Board of Trustees. Debbie is a retired medical practitioner with a vast knowledge of children’s palliative care. Debbie’s insights and experience gained from many years of working across Scotland assist React in reaching even more medical professionals, healthcare organisations and families.

React in England

The cost-of-living crisis continues to disproportionately affect React families, and aside from the daily heartbreak they face, families are also facing the nearly-impossible task of prioritising their seriously ill child's care needs over every day necessities and general living costs such as utility bills and food. React remains committed to providing rapid aid to families who require our assistance. The charity

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

React in England (continued)

continues to receive requests for specialist and mobility equipment such as P-Pods, wheelchairs, trikes and car seats but many families are now also applying for other smaller items including sensory toys, domestic and storage items, and travel and subsistence support. There are significant workforce shortages and long waits in children's palliative care services and more parents are giving up paid work to provide essential care to their children, which in turn increases the financial pressures felt by families who are already struggling and doing all they can for their seriously ill child.

React continues to be a vital lifeline to financially disadvantaged families caring for their terminally ill child, by providing essential equipment and basic items for that are unavailable from the local authority and cannot be obtained through other sources.

React is grateful for mutually beneficial relationships with healthcare providers around the country including Great Ormond Street Hospital, Royal Manchester Children’s Hospital and Birmingham Children's Hospital, and all children’s hospices and other community healthcare and medical professionals. Thanks to these organisations and specialist professionals, React can continue providing aid that improves the quality of life for children and young people at a time when it has the most impact.

React holidays remain popular and provide React families with an opportunity to spend quality time together and make precious memories. A generous award from the Kentown Wizard Foundation has enabled the charity to purchase three new mobile holiday homes, and the relocation of two parks now offers families a choice of a holiday in Blackpool, Norfolk, South Wales or Scotland.

The ongoing generosity of our supporter base in England enables React to continue providing aid when it is most needed. Many have undertaken fundraising activities to raise vital funds for the charity including a ‘Fish-In’ from a group of fishermen in the North East, a 24-hour race around Sandringham Estate, Skydiving from 14,000 feet and several schools choosing React as their Charity of the Year, raising much needed funds to provide aid to terminally ill children and their families.

The charity remains immensely appreciative for the patronage of Trusts and Foundations, community groups and organisations, and individual supporters who are central to the charity’s capacity to provide rapid assistance to children and young people, and their families.

React in Wales

React continues to witness a growing demand for the charity’s services in Wales, with the Welsh Children’s Commissioner highlighting poverty as the biggest issue facing children in the country in 2024. With the cost of living crisis extending into a recession at the beginning of the year, it is no wonder that many families facing the extra expenses associated with caring for a terminally ill child turn to React for help. The current financial climate continues to bring extreme financial pressures to many families who are unable to access or afford essential equipment necessary for their child’s care. Recent research by Welsh think-tank the Bevan Foundation suggests there are no clear improvements to poverty levels across Wales during the past four years. Given the expensive nature of specialist equipment and the continual financial hardships facing families throughout the country,

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

React in Wales (continued)

it is no surprise that React has witnessed such an increase in demand from families living in Wales within the last year.

As part of React’s commitment to offering respite breaks for families caring for terminally ill children, the charity is delighted to announce the strengthening of our partnership with Trecco Bay holiday park in Porthcawl, South Wales. Situated on the beautiful Welsh coast, this holiday park is home to two of React’s holiday homes. With thanks to the Kentown Wizard Foundation, the charity are proud to announce that a brand new home has been purchased in this idyllic location. Close to local amenities and on the doorstep of Trecco Bay beach, one of the best beaches in the country, holding a prestigious Blue Flag Award for the 15th consecutive year, our holiday homes in South Wales are extremely popular with families looking to make precious memories.

React is working closely with a large network of healthcare professionals from hospices and hospitals across Wales. Over the past year in particular, the charity has benefitted from tight-knit relationships with professionals from both Ty Hafan and Ty Gobaith Children's Hospices which has enabled React to improve the quality of life for more terminally ill children in Wales who may otherwise go without equipment deemed essential by healthcare professionals.

React also sends thanks to all volunteers, donors and fundraisers supporting our work across Wales. This year we have had fundraisers participate in the Cardiff Marathon and Swansea MMA competitions in aid of React . The charity has also received generous awards from organisations including Welsh Water, Blackwood Engineering and the Millennium Stadium Charitable Trust, in support of our families in Wales.

React in Northern Ireland

Families living in Northern Ireland who care for terminally ill children are met with additional challenges associated with the cost of living crisis. There remains a distinct need for the React’s service across Northern Ireland and we find that many highstreet stores are unavailable or, offer limited services to this part of the country. Ongoing price increases remain a prominent emotional and financial stress for families, which is additional to the harsh day-to-day realities of caring for a child living with a life shortening illness. Higher energy usage is just one example, as the need for extra washing and tumble drying for families caring for children with incontinence or reflux drives up energy usage. Similarly, the necessity of electric-powered specialist equipment such as ceiling track hoists, suction pumps and wheelchair chargers increases families’ power consumption exponentially, which subsequently means families must turn to charity sources like React for assistance.

React benefits from strong rapports with children’s palliative care teams, and relies on these professionals to provide referrals to the charity. As such, the charity is grateful to medical professionals, and healthcare workers across the country, associated with organisations including Horizon House, Northern Ireland’s Children’s Hospice, and the Royal Belfast Hospital for Sick Children which is just one of the many hospitals and palliative care teams the charity is working with. React considers all eligible requests from families in financial need and is sincerely thankful for the generosity of its financial supporters in Northern Ireland.

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

PR & Marketing

It is the charity’s policy to maintain low overheads and avoid unnecessary costs in all areas. With respect to PR and marketing, React veers away from large advertising promotions and chooses to raise its profile via potential service users thus encouraging close working relationships directly with palliative care teams. React frequently spreads its message through X (formally known as Twitter) and the charity’s website.

PR stories featured in React’s biannual newsletter prove an important medium for raising awareness of the charity’s work amongst potential and regular donors and service users.

Volunteers and Gifts in Kind

React is grateful to all volunteers who kindly give up their time to support the charity’s work, by organising events, presentations, raising awareness and holding collections in aid of React families. Volunteers work under the guidance of React staff, who are responsible for providing the necessary resources and fundraising materials to enable volunteers to successfully carry out activities.

Over the past year, volunteering activities have ranged from student-led collections on university campuses, bank employees embarking on charity walks, angling clubs raising awareness and funds in their local community, organised skydives, church coffee mornings and many more eclectic and creative contributions to React’s work. React looks forward to continuing working with its dedicated volunteers over the coming year and, the charity remains deeply appreciative of all volunteers who have provided gifts in kind for events over the years.

Structure, Governance and Management

The charity is an unincorporated association constituted under a Trust Deed dated 7[th] November, 1989 as varied by a supplemental Deed dated 25[th] February 2010 and a resolution dated 4[th] March, 2015. The charity is honoured to receive guidance from React’s Founder, Sister Frances Dominica OBE. Sister Frances is the Founder of Helen and Douglas House, the world’s first children’s hospice, based in Oxford.

React is proud to receive the support of its three Patrons, Samantha Bond, The Baroness van Dedem and Sir Derek Jacobi CBE who are willing to give up their valuable time in helping React with its fundraising activities. Whilst the Trustees accept ultimate responsibility for directing the charity’s affairs they have delegated the day-to-day operational decisions to the Director, who reports to the Board at Trustees meetings. In addition, the Director regularly consults and involves the Trustees on all significant developments relating to the charity’s work.

The Trustees receive monthly management information to ensure finances are in keeping with the budget agreed by the Board at the beginning of the financial year.

Trustees Induction and Training

When required, the Trustees look for suitable candidates to join the Board who can bring experience and expertise relevant to the charity’s objectives. New Trustees are invited to join the Board (initially for a year as a Trustee Designate) by the Chairman following consultations with existing Trustees.

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Trustees Induction and Training (continued)

This method of recruitment enables the Board to assess the future contribution and effectiveness of each new member.

Having accepted an invitation to join the Board, the Trustee Designate must sign a declaration relating to the purposes and aims of the charity, as well as their general and specific duties determined by the Chairman. The Trustee Designate is then supplied with a welcome pack containing information covering all aspects of React ’ s work. This includes the history of React , annual reports and accounts and, a brief overview of all key policies relating to the Board and the organisation. New Trustees are also provided with published literature relating to Good Governance.

The Trustee Designate must then attend a series of meetings, initially with the Chairman, and later with the Director who will familiarise the Trustee with all the activities of the charity. In addition, all Trustees are encouraged to attend appropriate external training seminars, found in publications such as Governance and Third Sector.

Related Party Transactions & Conflict of Interest

In accordance with charity policy, on joining the board, Trustees must declare any interests that may conflict with their ability to act appropriately in their role as Trustee. If a conflict of interest

should arise, they will be required to withdraw from any related decision-making situations. There have been no such issues of conflict this year.

Trustee Remuneration and Expenses

Trustees give their time freely with no remuneration paid during the year. However, expenses incurred whilst operating on behalf of the charity are paid to the Trustees, primarily to cover any claimed travel and subsistence costs. The policy of paying these expenses, as agreed by the Board and Director, is as follows:

Details of Trustee expenses are disclosed on Note 6a in the Financial Statements.

The Trustees review the level of pay and remuneration awarded to key management personnel annually. Consideration, where available is given to comparable pay and remuneration set in similar organisations.

Risk Management

The Trustees and Director, with input from key staff members, review annually major risks to which React is exposed, in particular those relating to the specific operational areas of the charity and its finances.

A Risk Assessment and Management Register has been established and is updated throughout the year and, where appropriate, plans are developed to mitigate any potential internal and external risks found.

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Financial Review

There has been very little change in the total income the charity has received this year compared to last year (2024: £695,291 – 2023: £687,546). However last year’s income benefitted from a legacy of £89,319, compared to legacies received of £26,752 in 2023/24.

As in previous years, a significant amount of React’s total income comes with specific categories and geographical restrictions from charitable trusts.. This income is treated as restricted funds as shown in the financial statements; and in compliance with the directives of the SORP, management and administration costs have been allocated to either charitable activities or fundraising costs.

The Board of Trustees has continued to persevere with its ongoing policy of generating a deficit on the Income and Expenditure Account as cash reserves have remained strong. As a result the charity has reported a deficit of £58,546 for the year (2023: £14,305)

It is worth reiterating that supporters of React should continue to take considerable comfort in recognising that the charity has so far been able to weather market volatility and will continue to be a safe beneficiary for ongoing financial support. React’s existing financial strength is a reflection of past years’ prudence in the management of its finances and this policy will continue to be adhered to.

Resources Expended

React provides basic essential items to children living with life-limiting conditions in accordance with the purpose and aims of the charity. Demand continues to be consistent and React is able to meet this demand to the extent that incoming funds permit. The process for making awards is as follows:

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Investment Policy

The basic principle governing Trustees’ decisions when investing, is that they must take a prudent approach. When investing charitable funds, Trustees seek to strike the right balance between two objectives:

The Trustee Board consider the suitability of any investment, both for React as a charity and as a means of investment. The Trustees must be satisfied that the type of any proposed investment is appropriate for React as a charitable organisation and will consider the need for diversification to ensure the reduction of risk. The Board is satisfied with their decision to invest with Evelyn & Partners and will review the charity’s investments on a quarterly basis.

Investments in our Endowment Fund continue to be entrusted to Evelyn & Partners (Formerly Smith & Williamson) who manage the funds on a discretionary basis. Movements in the value of these funds is a net figure after taking into account additions and sales to/from the funds together with the relevant profits and losses attaching to these transactions.

Reserves Policy

Reserves are needed by the charity to:

This includes redundancy pay, amounts due to creditors and commitments under leases.

The Trustees have established a policy to retain a level of reserves of up to 6 months working capital, which is considered an acceptable level to safeguard the operation of the charity. A six months’ reserves policy accounts for salaries, overheads, statutory redundancy pay and charitable expenditure to allow the charity to maintain the level of support pledged to individual families and medical professionals engaged in their care. The Trustees will apply the amount of the Expendable Endowment Fund and that part of the Unrestricted Funds as represented by the charity’s investments in ensuring the minimum level of reserves is maintained.

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

Monitoring and reviewing of Reserves Policy:

Fundraising Regulations

React adheres to guidance set out in the Fundraising Regulator’s Code of Practice and does not subscribe to fundraising agencies. React also complies with the General Data Protection Regulation (GDPR) and is mindful of the confidential nature of information received from families and other professionals and the storage thereof. The charity does not send out ‘blanket’ emails or correspondence and is cautious in its approach.

In the 2023/24 financial year there were no complaints raised in relation to fundraising activities and React remains vigilant in its duty to protect vulnerable people. The charity does not approach its beneficiaries for funding and acts immediately on requests to be removed from any mailing list. Donors who have not contacted or donated to React during the past 5 years, are automatically deleted and removed from any mailing list including React bi-annual newsletter. Any request to delete personal information is strictly adhered to.

Legacies

React’s work can benefit immensely from legacies and the charity is extremely grateful to supporters who have made a provision to the charity in their Will. This generosity allows React to gain a firm financial footing to continue to develop and expand our work assisting terminally ill children across the UK.

By the very nature of the donation, it is difficult to anticipate the size and frequency of legacies received and receipts are likely to vary year to year. This year, React benefitted from a number of legacies, including one generous contribution made following the sale of property and distributed between various charities.

Responsibilities of the Trustees in Relation to Financial Statements

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs and of the incoming and outgoing resources of the charity for that year. In preparing these financial statements, the Trustees are required to:

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REACT Report of the Trustees (continued) Year ended 31[st] March 2024

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Acts. 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.

Officers & Advisors

Members of the Board, who are Trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

Disclosure to Auditors

In accordance with charity law, we certify that:

As the Trustees of the charity, we have taken the necessary steps in order to make ourselves aware of any relevant audit information, and to establish that the charity’s auditors are aware of that information.

We have appointed Cooper Dawn Jerrom to act as our auditors of the 2023/2024 Financial Statements.

Approved by the Board of Trustees and signed on its behalf by:

Rupert A Wiles FCA Chairman

Date: 25/11/2024

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REACT Independent Auditor’s Report to the Trustees Year ended 31[st] March 2024

Opinion

We have audited the financial statements of React Charity for the year ended 31[st] March 2024, which comprise the statement of Financial Activities, Balance Sheet, Cash flow statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we

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REACT Independent Auditor’s Report to the Trustees Year ended 31[st] March 2024

do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2011 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement [set out on pages 12-13], the trustees of the charity are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered

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REACT Independent Auditor’s Report to the Trustees Year ended 31[st] March 2024

material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs , we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Further description of our responsibilities can be found on Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Michael Amos

Michael Amos (Senior Statutory Auditor) For and on behalf of Cooper Dawn Jerrom Limited Unit SCF 1& 2, Wester International market Hayes Road, Southall, UB2 5XJ

Date : 25/11/2024

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REACT

Statement of Financial Activities Year Ended 31st March 2024

Income from:
Donations and gifts
Legacies
Investment income
Interest Income
Funding events
Total income
Expenditure on:
Cost of raising funds
Charitable activities
Total expenditure
Surplus/(deficit)
Net gains/ (losses) on
investment assets
Net movement in funds
Transfer to Endowment
Revaluation of investment
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds		 Unrestricted
Funds		 Unrestricted
Funds		 Unrestricted
Funds
Unrestricted
Funds
£
382,681
26,752		 Restricted
Funds
£
274,813
-		 Expendable
Endowment
£
-
-		 Designated
Funds
Total
2024
£
£
-
657,493
-
26,752		 Total
2023
£
591,640
89,319
409,433
1,457
4,452
-		 274,813
-
-
-		 -
5,137
-
-		 -
684,245
-
6,594
-
4,452
-
-		 680,959
5,654
-
933
415,342
(21,341)
(486,391)		 274,813
(14,121)
(223,289)		 5,137
(3,108)
-		 -
695,291
(5,587)
(44,157)
-
(709,680)		 687,546
(45,533)
(656,318)
(507,732) (237,410) (3,108) (5,587)
(753,837)		 (701,851)
(92,391)
(2,893)		 37,403
-		 2,029
10,856		 (5,587)
(58,546)
-
7,963		 (14,305)
(11,763)
(95,284)
(45,587)
-
450,217		 37,403
-
-
-		 12,885
40,000
23,039
338,332		 (5,587)
(50,583)
5,587
-
23,039
-
788,549		 (26,068)
-
-
814,617
309,346 37,403 414,256 -
761,005		 788,549

All activities relate to continuing operations.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 26 form part of these financial statements.

18

REACT Balance Sheet As at 31st March 2024

Notes Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Designated
Funds		 Total
Funds		 2023
£ £ £ £ £
Fixed Assets
Tangible Assets 8 77,700 77,700 6,168
Investments 7 414,256 414,256 423,507
Total Fixed Assets 77,700 414,256 491,956 429,675
Current Assets
Debtors & prepayments 9 386 386 472
Cash at Bank 289,516 37,403 326,919 366,949
Total Current Assets 289,902 37,403 327,305 367,421
Liabilities
Creditors due within one year 10 58,257 58,257 8,547
Net current assets 231,646 37,403 269,049 358,874
Net Assets 309,346 37,403 414,256 761,005 788,549
The funds of the charity 12
Unrestricted income funds 309,346 - - - 309,346 450,217
Designated funds - - - - -
Restricted income funds - 37,403 - - 37,403
Endowment funds - - 414,256 - 414,256 338,332
Total charity funds 309,346 37,403 414,256 - 761,005 788,549

The financial statements were approved by the Trustees on 25th November 2024 and signed on its behalf by:

…………………………………

R A Wiles FCA Chairman

The notes on pages 21 to 26 form part of these financial statements.

19

REACT Statement of Cash Flows Year Ended 31st March 2024

Cash flows from operating activities
Cash(absorbed)/generatd by operations
Investing activities
Purchase/ sale of fixed assets
Decrease/(Increase) in value of investments
Net increase in cash and cash equivalent
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash generated from operations
(Deficit)/Surplus for the year
Adjustments for:
Investment result recognised in P&L
Depreciation
Movement in working capital:
Decrease/(increase) in trade and other receivables
(Decrease)/increase in trade and other payables
Cash absorbed by operations		 2024
1,695
(74,014)
32,289
(40,030)
366,949
326,919
(58,546)
7,963
2,482
86
49,710
1,695		 2023
(22,525)
9,752
(12,773)
379,722
366,949
(14,305)
(11,763)
2,482
(46)
1,107
(22,525)

20

REACT Notes to the Financial Statements Year Ended 31st March 2024

1. Accounting policies

a) Basis of accounting

React is an unicorporated association, registered as a charity in both England and Wales and Scotland. Its principal office is disclosed on page 1. .The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with The Accounting Reporting Standard applicable in the United Kingdom and the Republic of Ireland issued in October 2019, the Accounting Reporting Standard issued in the United Kingdom and the Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. In the light of the impact of the worldwide Covid-19 pandemic, appropriate steps have been taken by the Trustees to ensure the safety of its staff and visitors in compliance with the Government's recommendations, and the cash resources of the charity are sufficiently robust to ensure normal charitable activities are able to proceed over the next financial period. Therefore, the Trustees continue to adopt the going concern basis of preparing the financial statements.

b) Incoming resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

Grants and donations

Grants and donations are only included in the Statement of Financial Activities when the charity has unconditional entitlement to the resources.

Legacies

Legacies are included in the Statement of Financial Activities as an incoming resource in the year in which the charity is notified and when the value and entitlement of the legacy is known with reasonable certainty.

Tax reclaims on donations and gifts

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment income

This is included in the accounts when receivable.

Investment gains and losses

This includes any gains or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

c) Restricted Funds

Restricted Funds are funds which are used in accordance with the specific restrictions imposed by the donors. The cost of raising such funds are charged against these funds.

d) Designated Funds

Designated Funds are funds set aside from the unrestricted funds for a specific purpose.

e) Expendable Endowment Fund

The Expendable Endowment Fund may be invested to produce income and to finance expenditure at the discretion of the trustees.

21

REACT Notes to the Financial Statements YearYear Ended 31st March 2024

Accounting policies (continued)

f) Depreciation

Provision is made for depreciation on tangible assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Mobile homes: 20% straight line

Office Equipment: 20% written down value

g) Support Costs

Support costs include central function costs such as staff and overhead costs in support of React's principle activity. Where relevant, they have been allocated to activity cost categories on a percentage basis as appropriate.

h) Basis of recognition and allocation of expenditure

� Charitable expenditure includes any VAT payable and is reported as part of the expenditure to which it relates. It comprises costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between the expenditure categories of SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis.

i) Taxation

React is a registered charity which renders its income exempt from UK income tax.

Irrecoverable VAT is not separately analysed and is charged to the statement of financial activities when the expenditure to which it relates to is incurred and is allocated as part of the expenditure to which it relates.

Tax recovered from voluntary income received under Gift Aid is recognised when the related income is receivable and is allocated to the income category to which the income relates.

j) Investments

Investments are included at market value at the balance sheet date.

k) Operating lease

Rental payments under the operating lease are charged as expenditure incurred over the term of lease.

l) Cash at bank and in hand

Cash at bank and in hand includes cash and short term hightly liquid investments with an original maturity date of three months or less.

m) Debtors

Debtors are measured at transaction price less any impairment unless the arrangements constitute a financial transaction, in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest.

n) Creditors and Provisions

Creditors and provisions are recognised when the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount to settle the past obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their transaction price after allowing for any trade discounts due unless the arrangement constituted a financing transaction in which case the transaction is measured at present value of future payments discounted at the prevailing market rate of interest.

22

REACT Notes to the Financial Statements Year Ended 31st March 2024

2. Cost of Raising Funds

(Note)
Public Relations & fundraising
Support costs
Governance Costs
4
3. Charitable Activities
Educational & Specialist Equipment
Safety & Hygiene Equipment
Mobile Home Holidays
Funeral Expenses
Travel & Subsistence
Fundraising expenses
Direct Charitable Expenditure
Support costs
Governance Costs
Total Charitable Expenditure		 2024
2023
£
£
5,587
7,340
14,341
14,712
7,000
3,182
26,928
25,234
2024
£
255,027
91,789
42,880
5,951
10,039
2,095
407,781
301,899
709,680
Unrestricted/
Designated Funds		 2024
2023
£
£
3,108
2,821
14,121
17,478
-
-
17,229
20,299
2023
£
241,147
95,872
34,642
8,487
6,648
-
386,796
269,522
656,318
Restricted Funds
Expendable /		 2024
2023
£
£
8,695
10,161
28,462
32,190
7,000
3,182
Total
44,157
45,533

4. Governance Costs

4. Governance Costs
Audit fees
Trustees Expenses (6a)		 2024
2023
£
£
7,000
3,000
-
182
7,000
3,182
Unrestricted Funds		 2024
2023
£
£
-
-
-
-
Restricted Funds
-
-

23

REACT Notes to the Financial Statements Year Ended 31st March 2024

5. Net Incoming Resources

Net Income Resources for the year is stated after charging:

5. Net Incoming Resources
Net Income Resources for the year is stated after charging: 2024 2023
£ £
Depreciation 2,482 2,482
Auditors remuneration 7,000 3,000

6. Trustees & employees information

The Trustees have taken out indemnity insurance

Neither the trustees nor any other persons connected with them received any remuneration or benefits in kind from the Charity during the year (2023: £Nil)

During the year under review expenses were paid to Trustees as follows:

Trustees Meeting Costs
Trustees expenses reimbursed
b) Employee costs during the year were:
Salaries
Social security costs
Pension costs
1 employee earning between £60,000-£80,000 (2023/2024)
The average number of persons employed during the year
Full time equivalent
7. Investments		 2024
£
-
-
-
2024
£
260,486
22,836
5,882		 2023
£
-
182
182
2023
£
226,297
19,917
5,661
289,204 251,875
2024
7
2024
£
414,256		 2023
7
2023
£
423,507

Fixed assets investments consists of quoted shares, trade bonds and similar investments. These are measured initially at cost and subsequently at fair value based on published market prices.

Movements in non-current investments

Cost or valuation
At 1st April 2023
Increase
Additions
Disposal
At 31st March 2024
Carrying Amount
At 31st March 2024
At 31st March 2023		 Unrestricted
Funds
£
85,175
-
-
(85,175)
0
-
-		 Endowment
Fund
£
338,332
35,856
253,623
(213,554)
414,256		 Total
£
423,507
35,856
253,623
(298,729)
414,256
414,256
423,507

24

REACT Notes to the Financial Statements Year Ended 31st March 2024

8. Fixed Assets

Cost
£
£
£
As at 1st April 2023
153,198
16,527
169,725
Additions
74,014
74,014
227,212
16,527
243,739
Depreciation
As at 1st April 2023
152,316
11,241
163,557
Charge for the year
1,285
1,197
2,482
153,601
12,438
166,039
Net Book Value
As at 31st March 2024
73,611
4,089
77,700
As at 31st March 2023
882
5,286
6,168
9. Debtors
£
£
Prepayments
386
472
386
472
10. Creditors: amounts falling due within the year
2024
2023
£
£
Accruals & Sundry creditors
58,257
8,547
12. Analysis of charitable funds
Analysis of fund
movements
Fund
b/fwd
Income
Expenditure Gains and
Losses
Revaluation
of
investment
Transfers
Fund
c/fwd
£
£
£
£
£
£
a) Unrestricted Funds
450,217
415,342
(507,732)
(2,893)
-
(45,587)
309,346
b) Restricted Funds
-
274,813
(237,410)
-
-
-
37,403
c) Expendable
Endowment Funds
338,332
5,137
(3,108)
10,856
23,039
40,000
414,256
d) Designated Funds
-
-
(5,587)
-
-
5,587
-
Total
788,549
695,291
(753,837)
7,963
23,039
-
761,005		 Cost
£
£
£
As at 1st April 2023
153,198
16,527
169,725
Additions
74,014
74,014
227,212
16,527
243,739
Depreciation
As at 1st April 2023
152,316
11,241
163,557
Charge for the year
1,285
1,197
2,482
153,601
12,438
166,039
Net Book Value
As at 31st March 2024
73,611
4,089
77,700
As at 31st March 2023
882
5,286
6,168
9. Debtors
£
£
Prepayments
386
472
386
472
10. Creditors: amounts falling due within the year
2024
2023
£
£
Accruals & Sundry creditors
58,257
8,547
12. Analysis of charitable funds
Analysis of fund
movements
Fund
b/fwd
Income
Expenditure Gains and
Losses
Revaluation
of
investment
Transfers
Fund
c/fwd
£
£
£
£
£
£
a) Unrestricted Funds
450,217
415,342
(507,732)
(2,893)
-
(45,587)
309,346
b) Restricted Funds
-
274,813
(237,410)
-
-
-
37,403
c) Expendable
Endowment Funds
338,332
5,137
(3,108)
10,856
23,039
40,000
414,256
d) Designated Funds
-
-
(5,587)
-
-
5,587
-
Total
788,549
695,291
(753,837)
7,963
23,039
-
761,005		 £
153,198
74,014
227,212
152,316
1,285
153,601
73,611
882		 £
16,527
16,527
11,241
1,197
12,438
4,089
5,286		 £
169,725
74,014
243,739
163,557
2,482
166,039
77,700
6,168
£
472
472
2023
£
8,547

Transfers
Fund
c/fwd
£
(45,587)
309,346
-
37,403
40,000
414,256
5,587
-
Total
788,549
695,291
(753,837)
7,963
23,039
-
761,005

Notes:

a) The Unrestricted Funds are available to be spent for any of the purposes of the charity. b) The Restricted Funds are funds which are used in accordance with the specific restrictions.

c) The Expendable Endowment Fund is a legacy received in prior years from the charity's founder. d) The Designated Funds are funds set aside from a legacy to be used for PR expenditure

25

Statement of Financial Activities Year Ended 31st March 2024

REACT

13. Comparative Consolidated Statement of Financial Activities

Income from:
Donations and gifts
Legacies
Investment income
Interest Income
Funding events
Total income
Expenditure on:
Cost of raising funds
Charitable activities
Total expenditure
Surplus/(deficit)
Net gains/ (losses) on
investment assets
Net movement in funds
Transfer to Endowment
Revaluation of investment
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds		 Unrestricted
Funds		 Unrestricted
Funds		 Unrestricted
Funds
Unrestricted
Funds
£
382,681
26,752		 Restricted
Funds
£
274,813		 Expendable
Endowment
Fund
£
-
-		 Designated
Funds
Total
2024
£
£
-
657,493
-
26,752		 Total
2023
£
591,640
89,319
409,433
1,457
4,452
-		 274,813
-
-
-		 -
5,137
-
-		 -
684,245
-
6,594
-
4,452
-
-		 680,959
5,654
-
933
415,342
(21,341)
(486,391)		 274,813
(14,121)
(223,289)		 5,137
(3,108)
-		 -
695,291
(5,587)
(44,157)
-
(709,680)		 687,546
(45,533)
(656,318)
(507,732) (237,410) (3,108) (5,587)
(753,837)		 (701,851)
(92,391)
(2,893)		 37,403
-		 2,029
10,856		 (5,587)
(58,546)
-
7,963		 (14,305)
(11,763)
(95,284)
(45,587)
-
450,217		 37,403
-
-
-		 12,885
40,000
23,039
338,332		 (5,587)
(50,583)
5,587
-
23,039
-
788,549		 (26,068)
-
814,617
309,346 37,403 414,256 -
761,005		 788,549

26