THE REACT FOUNDATION
TO ADVANCE THE STUDY OF SCIENCE AND ENGINEERING IN CUMBRIA BY PROVIDING FINANCIAL ASSISTANCE TO STUDENTS UNDERTAKING POST 16 AND UNIVERSITY STUDY IN SCIENCE, ENGINEERING AND STEM RELATED SUBJECTS AND CONDUCTING ACTIVITIES WITH SCHOOL AGE CHILDREN THAT EDUCATE AND INSPIRE THEM TO PURSUE A CAREER IN SCIENCE AND ENGINEERING.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased from £92,329 to £77,946 due to a net expenditure exceeding income. The trustees confirm that maintaining reserves at current levels provides sufficient resources in the event of adverse conditions. No specific reserves policy target is currently stated, though one is planned for development.
What the accounts disclose
“Donations and gifts 26,820 5,729 32,549” — page 14
Funders the charity credits
- REACT Engineering
- IMechE West Cumbria Area
- West Cumbria Development Fund
Trustees
- MR PETE WOOLAGHANchair
- IAN LUPTON
- Kayleigh Daniels
- Kirby Hodgson
- Kyle Martin Hannah
- MICHAEL PRIESTLEY
- Philip Anthony Redfern
- Richard John Smith
- Thomas Robert Durcan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £35k | £49k |
| 31/08/2024 | £45k | £33k |
| 31/08/2023 | £22k | £35k |
| 31/08/2022 | £57k | £50k |
| 31/08/2021 | £22k | £5k |
Common questions
Is THE REACT FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £92,329 to £77,946 due to a net expenditure exceeding income. The trustees confirm that maintaining reserves at current levels provides sufficient resources in the event of adverse conditions. No specific reserves policy target is currently stated, though one is planned for development. Its FY2025 accounts were independently examined.
Who funds THE REACT FOUNDATION?
Funders whose own accounts filings name THE REACT FOUNDATION as a grant recipient include FRANCIS C SCOTT CHARITABLE TRUST, HAYS TRAVEL FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| FRANCIS C SCOTT CHARITABLE TRUST | FY2021 | £11k | |
| HAYS TRAVEL FOUNDATION | FY2025 | £6k | |
| HAYS TRAVEL FOUNDATION | FY2024 | £0 |