## **Annual Report and** 

**Financial Statements** 1[st] April 2024 – 31[st] March 2025 

**Registered Charity No. 802440** 

**Scotland SC038067** 



**REACT Officers and Advisors Year ended 31[st] March 2025** 

## **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 (Resigned on 19.02.25) V Andreas (Appointed as Trustee on 30.06.25) B Dunk (Trustee Designate) 

**Director of Finance & Resources (“the Director”)** A Henshaw (Resigned on 12.12.25) **Director of Governance & Administration** R Breheny 

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

**Auditors Xeinadin Audit Limited** Chartered Accountants & Statutory Auditors 8[th] Floor, Becket House 36 Old Jewry London EC2R 8DD 

## **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** 

1 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

The Trustees present their annual report and financial statements for the year ended 31[st] March 2025. 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: 

- Providing children with essential aid and equipment that will enhance their quality of life, following recommendations from medical professionals who have identified a specific need. 

- Responding with practical and sensitive support within days, if not hours.  When a child’s life is short, an immediate response is vital. 

- Supporting those families who are unlikely to receive the assistance they need from any other source in sufficient time. 

- Providing assistance throughout a child’s lifetime. Many life-limiting illnesses are degenerative, and a child’s needs may continually change. 

- Eliminating red tape and bureaucracy, allowing aid to be given quickly and without fuss, keeping administrative costs as low as possible. 

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: 

- Specialist equipment, including specialist beds, sleep systems, rapid nebulisers, portable suction machines, chairs and baths; 

- Mobility equipment, including wheelchairs, arm supports, hoists, buggies, adapted trikes and walking frames; 

- Educational equipment, including computers, educational software, communication aids and sensory equipment; 

- Respite holidays, at one of **React’s** seven mobile homes located across the UK; 

- Safety and Hygiene essentials, including home care items, white goods, beds, clothing and flooring; 

- Travel and subsistence for lengthy hospital stays enabling parents to divide their time between a gravely ill child and siblings left at home; 

- ‘End of life’ care, including memorial headstones. 

2 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

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 2024-25, 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** directly liaises with paediatric palliative care teams up and down the UK to ensure its services are reaching the maximum number of beneficiaries at the highest level of efficiency, assessing the value it brings to each eligible family. 

An analysis of total charitable expenditure amounting to £699,119 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. 

## **React in England** 

The cost-of-living crisis continues to disproportionately affect **React** families, who strive to ensure that every day for their child is a positive one prioritising their seriously ill child's care needs over everyday 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 continues to receive requests for specialist and mobility equipment such as P-Pods, mobile hoists, trikes and car seats but many families are also applying for other smaller items including sensory toys, domestic and storage items, and travel and subsistence support. 

**React** is grateful for mutually beneficial relationships with healthcare providers around the country including Great Ormond Street Hospital, Alder Hey Children’s Hospital, Nottingham Children’s Hospital and Birmingham Children's Hospital, and all other children’s hospices and hospitals. Thanks to these organisations and the dedicated professionals attached to them, **React** can continue providing aid that improves the quality of life for children and young people. 

## **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. These relationships 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. 

3 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

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, to 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** continues to benefit from the expertise and local knowledge 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 Wales** 

The Joseph Rowntree Foundation forecasted in January that child poverty in Wales is set to reach its highest rate in 30 years by the end of this decade, with more than 34% of children living in a lowincome family.  Financial pressure in many households results in families unable to access or afford essential equipment to aid their child’s care. The Joseph Rowntree Foundation’s research suggests that in the coming five years, a further 32,000 children in Wales could be pushed into poverty. **React** has witnessed a significant increase in demand from families living in Wales within the past year. 

**React** is working closely with a large network of healthcare professionals from hospices and hospitals across Wales. The charity has benefitted from a particularly close relationship with Hope House Hospices over the years and, in recent months, **React’s** Family Liaison Officers have met with professionals from Hope House Ty Gobaith to discuss how **React** can ensure it does all it can for families caring for terminally ill children in Wales. 

## **React in Northern Ireland** 

There remains a distinct need for the **React’s** service across Northern Ireland and we find that many high street stores are unavailable or offer limited services to this part of the United Kingdom. Ongoing price increases remain a prominent emotional and financial stress for families, which is additional to the day-to-day realities of caring for a child living with a life shortening illness.  Grant requests from Northern Ireland have encompassed a wide range of equipment and aid, with a particularly strong need for specialist items such as P-Pods, therapy benches, pushchairs, wheelchair-suitable flooring and high-powered blenders for gastrostomy feeding. 

**React** benefits from strong rapports with children’s palliative care teams across Northern Ireland and relies on these professionals to provide referrals to the charity. As such, the charity is grateful to medical professionals and healthcare workers, associated with such organisations including Horizon House, Northern Ireland’s Children’s Hospice, and the Royal Belfast Hospital for Sick Children which are just some of the examples of the many hospitals and palliative care teams the charity is working with in the country. 

## **Donors and supporters** 

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** sends sincere thanks to all volunteers, donors and fundraisers supporting our work across the whole of the UK. The ongoing kindness of our supporter base enables **React** to continue 

4 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

providing aid when it is most needed. 

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

**React** believes that every child should have comfort, dignity and opportunity to participate in life as fully as possible and the charity continue 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. 

**React’s** service providing respite breaks for families at its mobile homes, was once again bolstered by a generous award from the Kentown Wizard Foundation who funded the purchase of four new caravans.  Two of these homes are in new holiday locations, significantly improving accessibility and convenience for families living in the North and North East of England who are keen to experience a respite break and **React** sends its sincere thanks to the Kentown Wizard Foundation for making this possible. 

As with all **React** mobile homes, the new chosen sites at Northumberland and North Yorkshire remain close enough to local amenities to ensure convenience.  Following the purchase of the new homes, which offer a high standard accommodation, the charity is pleased to report the successful forging of new site partnerships while retaining a UK wide geographical distribution of sites: Norfolk (California Cliffs), South Wales (Trecco Bay), Blackpool (Cala Gran), Northumberland (Cresswell Towers), North Yorkshire (Cayton Bay) and Berwickshire (Eyemouth). 

Visits to all mobile home sites by **React** staff has ensured the smooth transition and operation of all new mobile homes and feedback from families has been universally positive. 

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 good 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. All sites provide an ideal base to explore nearby attractions and come with free entertainment passes to ‘on’ site facilities such as indoor swimming, sports facilities and evening entertainment. 

## **Plans for the Future** 

**React** continues to expand its reach across the whole of 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 paramount in the effective delivery of **React’s** service. Over the last year, **React** has continued to solidify relationships with palliative care teams and has benefitted from a growing number of referrals from organisations such as Acorns Children’s Hospice (West Midlands), Noah’s Ark Children’s Hospice (London) and Rainbows Children’s Trust (Leicestershire). These relationships, in addition to close working affiliations 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. 

**React** continues to employ staff situated across the UK who are encouraged to work remotely, with occasional in-person sessions at the charity’s office in Chiswick. This year, **React** was delighted to welcome new Director of Finance and Resources (“the Director”) Adam Henshaw, working alongside Vicky Andreas to ensure a smooth handover ahead of Vicky’s retirement in June 2025. **React** is extremely pleased to advise that Vicky will stay very much involved with the charity as a Trustee. 

5 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

**React** also welcomed a new Trustee Designate and long-time **React** supporter Brian Dunk to the Board, who brings a wealth of experience from the financial sector. 

## **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. 

## **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. 

## **The  Charity is delighted to having been chosen by the BBC to broadcast a Lifetime Appeal which was aired in October 2025.** 

Family 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 deeply grateful to all the volunteers who generously give their time and gifts in kind to support the charity’s work. From organising events and giving presentations to raising awareness and holding collections in aid of **React** families, their efforts make a real difference. Volunteers operate under the guidance of **React** staff, who provide the resources and fundraising materials needed to help ensure each activity is a success. 

Over the past year, volunteering activities have ranged from collections at classic car rallies, a charity expedition to Mount Everest base camp, angling clubs raising awareness and funds in their local community, organised charity walks, supermarket collections and many more eclectic and creative contributions to **React’s** work. 

## **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. 

The Trustees have appointed Rebecca Reheny as the Office Director responsible for all matters relating to Governance and office administration. 

**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 

6 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

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. 

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: 

- All expenses are entered on an Expenses Claim Form and must be authorised by the Director and a Trustee independent of the transaction before payment is made. 

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. 

7 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

## **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. 

## **Financial Review** 

**React** is pleased to report an increase in income this year (2025: £750,683 - 2024: £695,291). 

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 with its ongoing policy of generating a deficit on the Income and Expenditure Account as cash reserves have remained strong to maximise charitable impact. As a result, the charity has reported a deficit of £25,519 for the year (2024: £58,546). 

Given the greater political and economic volatility during the period of drawing up this Annual Report, the Trustees have decided to take a much more prudent assessment of reporting future deficits. The Board feels that these uncertainties are already spilling over into the financial markets and as a result greater caution will be given to the management of cashflow. 

## **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: 

- The **React** application form is filled in by a member of the family, with the requirement that all requests are fully endorsed by a medical professional involved in the care of the child, explaining the extent of benefit and including quotes and assessments as required. 

- A **React** Family Liaison Officer then assesses the application to ensure that it falls within **React’s** remit and meets all the necessary criteria. 

   - All suitable applications are written up by the Family Liaison Officer as a detailed summary and passed to the Director for further assessment. 

   - Requests of under £2,000 are awarded by the Director following recommendation by the Family Liaison Officer. 

   - Requests between £2,000 - £3,000 are approved by the Director and at least one Trustee. 

   - Requests over £3,000 may only be awarded once approved by a majority of the Trustee Board. 

## **Investment Policy** 

The basic principle governing Trustees’ decisions when investing, is that they must take a prudent 

8 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

approach. When investing charitable funds, Trustees seek to strike the right balance between two objectives: 

- Providing an income to help **React** carry out its purpose effectively in the short term 

- Maintaining and, if possible, enhancing the value of the invested funds, so as to enable **React** to effectively carry out its purposes in the longer term. 

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 (formerly Smith & Williamson) 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: 

- Maintain as far as possible a prudent level of charitable support to families during periods when income levels are low. 

- Meet contractual liabilities should the organisation need to close. 

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

- Ensure the charity can honour existing commitments to families caring for a terminally ill child during any period of re-organisation or closure. 

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. Monitoring and reviewing of Reserves Policy: 

- The Trustees will consider the level of reserves required each year when setting the following year’s budget. 

- The Reserves Policy is reviewed by the Trustees every year. 

- The level of reserves will be monitored and recorded in monthly Management Accounts. 

9 



**REACT Report of the Trustees Year ended 31[st] March 2025** 

## **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 2024-25 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 the **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 one legacy of £11,721. 

## **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: 

- select suitable accounting policies and apply them consistently. 

- observe the methods and principles in the Charities SORP 

- make judgements and estimates that are reasonable and prudent. 

- state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements. 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

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. 

10 



REACT
Report of the Tn￿tee5
Year ended 311t March 2025
Offlcern & Advlsors
Members of the Board, who are TnL8tees for the purpose of chwity law. who durirvJ the year
and up to the date of this rep(yt are set out on page 1.
Dlsclosure to Audltorn
In acc￿dance Mth chaiity I￿, we cerbfy that:
• so far as we are thwe is no rdevant a￿lIt Inf￿M￿ unknown to the d￿rIt￿S
Auditors.
As the Trustees of the charity, we have taken the necessary steps in wder to make ourselves aware
of any relevant audit Inform￿On, to estsblish that the charitys auditors are aware of that
Information.
Xeinadin Audit Limited have r&aPP￿"n￿l to act as auditors of the 202+25 Financial
Statements.
Approved by the Board of Trustees and Slgned on its behall by.
Rupert A Wmes FCA
Chaimian
Date: 22nd December 2025
11

**REACT Independent Auditor’s Report to the Trustees Year ended 31[st] March 2025** 

## **Opinion** 

We have audited the financial statements of React Charity for the year ended 31 March 2025, 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: 

- Give a true and fair view of the state of the Charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **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’s 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 original financial statements were 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 trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

12 



**REACT Independent Auditor’s Report to the Trustees Year ended 31[st] March 2025** 

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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is 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 which the Charities (Accounts and Reports) Regulations 2011 requires us to report to you if, in our opinion: 

- The information given in the trustees’ report is inconsistent in any material respect with the financial statements; or 

- Sufficient accounting records have not been kept; or 

- The financial statements are not in agreement with the accounting records and returns; or 

- We have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities set out on page 12, the trustees 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’s 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 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 

13 



REACT
Independent Auditorfs Report to the Trustees
Year ended 31°, March 2025
respect of irregularities, including fraud. The extent to which our pro￿dureS 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:
Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, design and perfomi audit procedures responsive to those risks, and
obtain audit eviden￿ that is sufficient and appropriate to provide a basis for our opinion. The
risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from e￿Or, as fraud may involve collusion, forgery. intentional omissions,
misrepresentations, or the override of intemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
prO￿dureS that are appropriate in the circumstances, bLrt not for the purpose of expressing
an opinion on the effectFveness of the Charity's intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
Conclude on the appropriateness of trustees, use of the going con￿rn basis of accounting
and, based on the audit evidence obtained, whether a material Un￿rtaInty exists related to
events or conditions that may cast significant doubt on the Charity's ability to continue as a
going concern. If we conclude that a material uncertainty exists. we are required to draw
attention in our audÉtotrs report to the related disclosures in the financial statements or, rf
such disclosures are inadequate, to modrfy our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditorfs report. However, future events or
conditions may cause the Charity to cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial statements, including
the disclosures, and whether the financial statements represent the underlying transactions
and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and signtficant audit findings, including any significant
deficiencies in intemal control that we ident-fy during our audit.
A further description of our responsibiltties is available on the Financial Reporting Council's website
at: vmw.frc.org.uklauditorsresponsibiltties. This description forms part of our auditorfs report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordan￿ with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the charitys trustees those matters we are required to state to them in an auditor's
report and for no other purpose. To the fullest extent permitted by law, we do not a￿pt or assume
responsibility to anyone otherthan the charity and the charity's trustees as a body, for our audit work,
for this report, or for the opinions we have formed.
14

REACT
Independent Auditof s Report to the Trustees
Year ended 31" March 2025
X•ui Aal aj
Kieron Pearce FCCA
For and on behalf of Xeinadin Audit Limited
Chartered Accountants & StatLrtory Auditors
8th Floor, Becket House
36 Old Jewry
London
EC2R 8DD
Date." 22nd De￿mber 2025
Xeinadin Audit Limited is eligible to act as an auditor in accordan￿ with Section 1212 of
the Companies Act 2006.
15

## **REACT Statement of Financial Activities Year Ended 31st March 2025** 

|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Expendable**<br>**Endowment**<br>**Designated**<br>**Funds**<br>**Total**<br>**Notes**<br>**2025**<br>**2025**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Income from:**<br>Donations and gifts<br>**2**<br>281,465<br>421,848<br>-<br>-<br>**703,313**<br>Legacies<br>**2**<br>11,721<br>-<br>-<br>-<br>**11,721**<br>293,186<br>421,848<br>-<br>-<br>**715,034**<br>Investment income<br>**3**<br>-<br>-<br>3,411<br>-<br>**3,411**<br>Interest Income<br>**4**<br>2,376<br>-<br>-<br>-<br>**2,376**<br>Other Income<br>**5**<br>4,616<br>-<br>-<br>**4,616**<br>Gain on disposal of Fixed Assets<br>25,246<br>-<br>-<br>-<br>**25,246**<br>**Total income**<br>325,424<br>421,848<br>3,411<br>-<br>**750,683**<br>**Expenditure on:**<br>Cost of raising funds<br>**6**<br>(44,636)<br>(27,745)<br>(3,702)<br>-<br>**(76,083)**<br>Charitable activities<br>**7**<br>(411,541)<br>(287,578)<br> <br>-<br>-<br>**(699,119)**<br>**Total expenditure**<br>(456,177)<br>(315,323)<br>(3,702)<br>-<br>**(775,202)**<br>Surplus/(deficit)<br>(130,753)<br>106,525<br>(291)<br>-<br>**(24,519)**<br>Net gains/ (losses) on<br>investment assets<br>-<br>-<br>26,643<br>-<br>**26,643**<br>**Net movement in funds**<br>(130,753)<br>106,525<br>26,352<br>-<br>**2,124**<br>Transfer from Endowment<br>100,000<br>-<br>(100,000)<br>-<br>**-**<br>Revaluation of investment<br>-<br>-<br>(13,062)<br>**(13,062)**<br>Total funds brought forward<br>309,346<br>37,403<br>414,256<br>-<br>**761,005**<br>**Total funds carried forward**<br>278,593<br>143,928<br>327,546<br>-<br>**750,067**|**Total**<br>**2024**<br>**£**<br>657,493<br>26,752|
|---|---|
||684,245<br>6,594<br>4,452<br>-<br>-|
||695,291<br>(44,157)<br>(709,680)|
||(753,837)|
||(58,546)<br>7,963|
||(50,583)<br>-<br>23,039<br>788,549|
||761,005|



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 24 form part of these financial statements. 

16 



REACT
8alance Sheet
As at 31st Marth 2025
Total 2024
Funds
Funds Total 2025
Flxed Assets
Tangible Assets
Investments
219.517
219517
327.546
547.063
77,700
414.256
491,956
327,546
327.546
Totsl Flxed Assets
219.517
Debtors
Cash at 8ank
Totsl Current Assets
397
397
386
326,919
327,305
79,755
80,152
143.928
143,928
Llabllltles
Creditors due within one year
21,076
21,076
58,257
59,076
143,928
203.1x14
269,049
Nrt A*s•ts
278,593
143,928
327,546
750.067
761,(M)5
The funds of the tharfty
Unrestricted Sncome fvnds
Desl8nated funds
Restricted Income funds
Endowment fvnds
278593
278593
309,346
143,928
143,928
327J46
750.067
37,403
414,256
327,546
327.546
Totsl charlty funds
278.593
143,928
761.005
The fin
ndal ststements were approved by the Trustees on 22nd December 2025 and signed on Its behalf by:
R A Wlles FCA Chairrnan
The notes on pa8es 21 to 24fm part of theSefIna￿jal ststement&
17

## **REACT Statement of Cash Flows Year Ended 31st March 2025** 

|**Cash flows from operating activities**<br>Cash(absorbed)/generated by operations<br>**Investing activities**<br>(Purchase)/ sale of fixed assets<br>Decrease/(Increase) in value of investments<br>**Net increase/ (decrease) in cash and cash equivalent**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**<br>**Cash generated from operations**<br>(Deficit)/Surplus for the year<br>Adjustments for:<br>Investment result recognised in P&L<br>Depreciation<br>Movement in working capital:<br>Decrease/(increase) in trade and other receivables<br>(Decrease)/increase in trade and other payables<br>**Cash absorbed by operations**|**2025**<br>**£**<br>(10,479)<br>(53,835)<br>(38,922)<br>(103,236)<br>326,919<br>223,683<br>(24,519)<br>26,643<br>24,589<br>(11)<br>(37,181)<br>(10,479)|**2024**<br>**£**<br>1,695<br>(74,014)<br>32,289<br>(40,030)<br>366,949|
|---|---|---|
|||326,919|
|||(58,546)<br>7,963<br>2,482<br>86<br>49,710|
|||1,695|



For the purposes of the statement of cash flows, cash and cash equivalents comprise cash held at bank. The charity does not hold any other highly liquid investments. 

18 



**REACT Notes to the Financial Statements Year Ended 31st March 2025** 

## **1. Accounting policies** 

## a) **Basis of accounting** 

The accounts (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 Financial Reporting Standard for Smaller Entities published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (FRSSE), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. 

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## b) **Going Concern** 

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. The Trustees have reviewed the charity’s financial position, including cash flow forecasts and reserves, and are satisfied that the charity’s cash resources are sufficient to support its ongoing activities. Appropriate measures are in place to manage risks and ensure that charitable activities can continue without interruption. Therefore, the Trustees continue to adopt the going concern basis in preparing the financial statements. 

- c) **Incoming resources** 

## **Recognition of incoming resources** 

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

* The charity becomes entitled to the resources 

* The trustees are virtually certain they will receive the resources and 

* The monetary value can be measured with sufficient reliability 

## **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. 

## d) **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. 

## e) **Designated Funds** 

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

## f) **Expendable Endowment Fund** 

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

19 



**REACT Notes to the Financial Statements Year Ended 31st March 2025** 

## **Accounting policies (continued)** 

## g) **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 

## h) **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. 

## i) **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. 

_Site fees_ payable in respect of mobile homes are recorded in the year that the fees are invoiced. 

_Costs of raising funds_ comprises the costs associated with attracting voluntary income. 

_Governance costs_ include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity. 

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. 

## j) **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. 

- k) **Investments** 

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

- l) **Operating lease** 

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

## m) **Cash at bank and in hand** 

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

## n) **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. 

## o) **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. 

20 



## **REACT** 

## **Notes to the Financial Statements Year Ended 31st March 2025** 

|**(Note)**<br>**8**<br>**2. Income from donations and legacies**<br>Donations and Gifts<br>Leagcies<br>**3. Investment Income**<br>Dividends & interest Received<br>**4. Interest Income**<br>Interest received<br>**5. Other Income**<br>**6. Cost of Raising Funds**<br>Public Relations & fundraising<br>Support costs<br>Governance Costs<br>**7. Charitable Activities**<br>Educational & Specialist  Equipment<br>Safety & Hygiene Equipment<br>Mobile Home Holidays<br>End of Life Expenses<br>Travel & Subsistence<br>Fundraising expenses<br>**Direct Charitable Expenditure**<br>Family Liaison Personnel<br>Support Costs<br>Governance Costs<br>**Total Charitable Expenditure**<br>**8. Governance Costs**<br>Audit fees<br>Trustees Expenses (10a)|**Unrestricted**<br>**Funds**<br>**2025**<br>281,465<br>11,721<br>293,186<br>**Expendable**<br>**Endowment**<br>**Fund**<br>**2025**<br>3,411<br>3,411<br>**Unrestricted**<br>**2025**<br>2,376<br>2,376<br>**Unrestricted**<br>**2025**<br>4,616<br>4,616<br>**2025**<br>**2024**<br>**£**<br>**£**<br>5,613<br>5,587<br>30,023<br>14,341<br>9,000<br>7,000<br>44,636<br>26,928<br>**2025**<br>**£**<br>202,352<br>82,099<br>67,171<br>3,352<br>12,500<br>-<br>367,474<br>94,796<br>227,849<br>9,000<br>699,119<br>**2025**<br>**2024**<br>**£**<br>**£**<br>9,000<br>7,000<br>-<br>-<br>9,000<br>7,000<br>**Unrestricted/**<br>**Designated Funds**<br>**Unrestricted Funds**|**Unrestricted**<br>**Funds**<br>**2025**<br>281,465<br>11,721|**Restricted**<br>**Funds**<br>**2025**<br>421,848<br>-|<br>**Unrestricted**<br>**Funds**<br>**2024**<br>382,681<br>26,752|**Restricted**<br>**Funds**<br>**2024**<br>274,813<br>-<br>274,813<br>**Restricted**<br>**2024**<br>-<br>-<br>**Restricted**<br>**2024**<br>-<br>-<br>**2025**<br>**2024**<br>**£**<br>**£**<br>9,315<br>8,695<br>57,768<br>28,462<br>9,000<br>7,000<br>**Total**|
|---|---|---|---|---|---|
|||293,186|421,848|409,433||
|||**Expendable**<br>**Endowment**<br>**Fund**<br>**2025**<br>3,411<br>3,411<br>**Unrestricted**<br>**2025**<br>2,376|**Restricted**<br>**2025**<br>-|**Expendable**<br>**Endowment**<br>**Fund**<br>**2024**<br>6,594<br>6,594<br>**Unrestricted**<br>**2024**<br>4,452||
|||2,376|-|4,452||
|||**Unrestricted**<br>**2025**<br>4,616|**Restricted**<br>**2025**<br>-|**Unrestricted**<br>**2024**<br>-||
|||4,616|-|-||
||||||76,083<br>44,157|
|||||||



21 



**REACT Notes to the Financial Statements Year Ended 31st March 2025** 

## **9. Net Incoming Resources** 

|**9. Net Incoming Resources**|||
|---|---|---|
|Net Income Resources for the year is stated after charging:|**2025**|**2024**|
||**£**|**£**|
|Depreciation|24,589|2,482|
|Auditors remuneration|9,000|7,000|



## **10. Trustees & employees information** 

a) 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 (2024: £Nil) 

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

|b) Trustees Meeting Costs<br>Trustees expenses reimbursed<br>Employee costs during the year were:<br>Salaries<br>Social security costs<br>Pension costs<br>1 employee earning between £60,000-£80,000 (2024/2025)<br>The average number of persons employed during the year<br>Full time equivalent<br>**11. Investments**|**2025**<br>**£**<br>-<br> <br>-<br>-<br>**2025**<br>**£**<br>281,950<br>24,845<br>5,809|**2024**<br>**£**<br>-<br>-|
|---|---|---|
|||-|
|||**2024**<br>**£**<br>260,486<br>22,836<br>5,882|
||312,603|289,204|
||**2025**<br>7<br>**2025**<br>**£**<br>327,546|**2024**<br>7|
|||**2024**<br>**£**<br>414,256|



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**<br>At 1st April 2024<br>Increase/(decrease)<br>Additions<br>Disposal<br>At 31st March 2025<br>**Carrying Amount**<br>At 31st March 2025<br>At 31st March 2024|**Unrestricted**<br>**Funds**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-|**Endowment**<br>**Fund**<br>**£**<br>414,256<br>(8,035)<br>125,956<br>(204,631)<br>327,546|**Total**<br>**£**<br>414,256<br>(8,035)<br>125,956<br>(204,631)|
|---|---|---|---|
||||327,546|
||||327,546|
||||414,256|



22 



## **REACT** 

## **Notes to the Financial Statements Year Ended 31st March 2025** 

|**12. Fixed Assets**|||**Mobile Homes**|**Fixtures & Fittings**|**Fixtures & Fittings**|**Fixtures & Fittings**|**Total**||
|---|---|---|---|---|---|---|---|---|
|**Cost**|||**£**||**£**||**£**||
|As at 1st April 2024|||227,212||16,527||243,739||
|Additions|||165,757||649||166,406||
|Disposals|||(130,298)||(7,519)||(137,817)||
||||262,671||9,657||272,328||
|**Depreciation**|||||||||
|As at 1st April 2024|||153,601||12,438||166,039||
|Disposals|||(130,298)||(7,519)||(137,817)||
|Charge for the year|||23,725||864||24,589||
||||47,028||5,783||52,811||
|**Net Book Value**|||||||||
|As at 31st March 2025|||215,643||3,874||219,517||
|As at 31st March 2024|||73,611||4,089||77,700||
|**13. Debtors**|||||**£**||**£**||
|Prepayments|||||397||386||
||||||397||386||
|**14. Creditors: amounts falling due within the year**|||||||||
||||||**2025**||**2024**||
||||||**£**||**£**||
|Accruals & Sundry creditors|||||21,076||58,257||
|**15. Analysis of charitable funds**|||||||||
|**Analysis of fund**<br>**movements**|**Fund**<br>**b/fwd**||<br>**Income **|**Expenditure**|**Gains and**<br>**Losses**|**Revaluation**<br>**of**<br>**investment**|**Transfers **|**Fund c/fwd**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|a) Unrestricted Funds|309,346||325,424|(456,177)|-|-|100,000|278,593|
|b) Restricted Funds|37,403||421,848|(315,323)|-|-|-|143,928|
|c) Expendable<br>Endowment Funds|414,256||3,411|(3,702)|26,643|(13,062)|(100,000)|327,546|
|d) Designated Funds|-||-|-|-|-|-|-|
|**Total**|**761,005**||**750,683**|**(775,202)**|**26,643**|**(13,062)**|**-**|**750,067**|



## **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 

The net amount of endowment income available for transfer to unrestricted funds is immaterial. Accordingly, no transfer has been shown, and its omission does not constitute a material misstatement. 

23 



## **REACT** 

## **Statement of Financial Activities** 

## **Year Ended 31st March 2025** 

## **16. Comparative Consolidated Statement of Financial Activities** 

|**Income from:**<br>Donations and gifts<br>Legacies<br>Investment income<br>Interest Income<br>Other Income<br>Gain on disposal of Fixed Assets<br>**Total income**<br>**Expenditure on:**<br>Cost of raising funds<br>Charitable activities<br>**Total expenditure**<br>Surplus/(deficit)<br>Net gains/ (losses) on<br>investment assets<br>**Net movement in funds**<br>Transfer to Endowment<br>Revaluation of investment<br>Total funds brought forward<br>**Total funds carried forward**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Expendable**<br>**Endowment**<br>**Fund**<br>**Designated**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>281,465<br>421,848<br>-<br>-<br>11,721<br>-<br>-<br>-|**Total**<br>**2025**<br>**£**<br>**703,313**<br>**11,721**|**Total**<br>**2024**<br>**£**<br>657,493<br>26,752|
|---|---|---|---|
||293,186<br>421,848<br>-<br>-<br>-<br>-<br>3,411<br>-<br>2,376<br>-<br>-<br>-<br>4,616<br>-<br>-<br>-<br>25,246<br>-<br>-<br>-<br>325,424<br>421,848<br>3,411<br>-<br>(44,636)<br>(27,745)<br>(3,702)<br>-<br>(411,541)<br>(287,578)<br>-<br>-<br>|**715,034**<br>**3,411**<br>**2,376**<br>**4,616**<br>**25,246**<br>**750,683**<br>**(76,083)**<br>**(699,119)**|684,245<br>6,594<br>4,452<br>-<br>-|
||||695,291<br>(44,157)<br>(709,680)|
||(456,177)<br>(315,323)<br>(3,702)<br>-|**(775,202)**|(753,837)|
||(130,753)<br>106,525<br>(291)<br>-<br>-<br>-<br>26,643<br>-|**(24,519)**<br>**26,643**|(58,546)<br>7,963|
||(130,753)<br>106,525<br>26,352<br>-<br>100,000<br>-<br>(100,000)<br>-<br>-<br>-<br>13,062<br>-<br>-<br>309,346<br>37,403<br>414,256<br>-|**2,124**<br>**-**<br>**13,062**<br>**-**<br>**761,005**|(50,583)<br>-<br>23,039<br>788,549|
||278,593<br>143,928<br>327,546<br>-|**750,067**|761,005|



24 



Ella's first shoes.
Ella's last shoes.
We're here for the children who'll never grow up
Visit www.reactcharity.org to donate. Thank you
caot
isleied Charity No. 802440 IEngknd&Walesl Sco￿7 IScol8Thd),