REACH TO TEACH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net loss of £1,334,916 for the year ended 31 March 2023, resulting in a decrease in net assets from £7,856,338 to £6,521,422. The trustees note that unrestricted reserves are low at £158,598, but consider the going concern basis appropriate as cash balances are sufficient to cover costs until at least December 2025. The charity is actively seeking to diversify its funding following the end of its primary grant from the Larry Ellison Foundation.
What the accounts disclose
“The Charity only has a small amount of unrestricted reserves on its balance sheet (f158k).”
“The Charity only has a small amount of unrestricted reserves on its balance sheet (f158k). The trustees are satisfied with this position because of the funding received from the Larry Ellison Foundation (LEF).”
“our Indian subsidiary, Reach to Teach Private Limited, also provided expertise and a donation to support the work of the Indian charity, the Reach to Teach Foundation, in Arunachal Pradesh.”
“the largest source of income was a restdicted grant of f404k from the Larry Ellison Foundation (LEF)” — page 8
“our Indian subsidiary, Reach to Teach Private Limited, also provided expertise and a donation to support the work of the Indian charity, the Reach to Teach Foundation, in Arunachal Pradesh.”
“the largest source of income was a restdicted grant of f404k from the Larry Ellison Foundation (LEF)” — page 8
“Our Indian subsidiary, Reach to Teach Private Limited, also provided expertise and a donation to support the work of the Indian charity, the Reach to Teach Foundation, in Arunachal Pradesh.”
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Funders the charity credits
- Larry Ellison Foundation(LEF)
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- Geeta Khehar
- Matthew Symonds
- Neha Aviral
- Rakhee Ditta
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £203k | £1.6m |
| 31/03/2024 | £249k | £2.1m |
| 31/03/2023 | £966k | £2.3m |
| 31/03/2022 | £4.7m | £1.7m |
| 31/03/2021 | £5.0m | £3.8m |
Common questions
Is REACH TO TEACH financially healthy?
The accounts state that the charity reported a net loss of £1,334,916 for the year ended 31 March 2023, resulting in a decrease in net assets from £7,856,338 to £6,521,422. The trustees note that unrestricted reserves are low at £158,598, but consider the going concern basis appropriate as cash balances are sufficient to cover costs until at least December 2025. The charity is actively seeking to diversify its funding following the end of its primary grant from the Larry Ellison Foundation. Its FY2023 accounts were audited by PKF Littlejohn LLP.
Who funds REACH TO TEACH?
Funders whose own accounts filings name REACH TO TEACH as a grant recipient include THE ECONOMIST CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE ECONOMIST CHARITABLE TRUST | FY2024 | £9k |
| THE ECONOMIST CHARITABLE TRUST | FY2023 | £9k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AKO FOUNDATION | 1 | £300k |
| THE COLES-MEDLOCK FOUNDATION | 1 | £57k |
| BARROW BAPTIST CHURCH | 1 | £39k |
| DAVID LISTER CHARITABLE TRUST | 1 | £7k |
| THE CARMELA & RONNIE PIGNATELLI FOUNDATION | 1 | £3k |
| THE HINDUJA FOUNDATION | 1 | £2k |
| THE AUSTIN BAILEY FOUNDATION | 1 | £1k |