2023-12-31-accounts

Charlty Reglstratlon No. 1049095 Company Registration No.03095356{England andwales) FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

FINE CELL WORK (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Patrons Tracy Chevalier Dame Judi Dench CH Kaffe Fassett Esther Freud Cath Kldston MBE Libby Purves OBE Isabella Tree Trustees Jennifer Rademaker (Chair) Marlon Bedford Julian Diment Tabltha Elwes Kit Kemp MBE Mlranda Kendall (Vice Chair) Andrew Murray (Treasurer) Cathy Robinson Emma Soames Nicola Wright Executlve Olrector Vlctorla Gillies Founding Dlrector Dr Katy Emck OBE Flnancial Director Mariana Spater Charlty Number 1049095 Company Numbor 03095356 Registered Office & Principal Address 190-192 Queenstown Road London SW8 3NR Auditors James Cowper Kreston Audit 8th Floor Reading Brfdge House George Street Reading RG18LS Bankers Unlty Trust Bank 4 8rindl8y Place Birmlngham B12HB

FINE CELL WORK (LIMITED BY GUARANTEE) CONTENTS Page TRUSTEES, REPORT REPORT OF THE INDEPENDENT AUDITORS 21 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) 25 BALANCE SHEET 26 CASH FLOW STATEMENT 27 NOTES TO THE ACCOUNTS 28

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Twstees present their report and accounts for the 12-month period ended 31 December 2023. The accounts have been prepared in accordance with Fine Cell Work's Memorandum and Articles of Association and with the accounting policies set out in note 2 to the accounts and comply with the charity's governing document. applicable law and the requirements of Ihe Charities SORP (FRS 102). Governance. Structure and Management Governing Document The organisation is a charitable company limited by guarantee. incorporated on 25 August 1995 and regIste￿d as a charity on g September 1995. The company was established under a Memorandum of Association which established the objects and power5 of the charitable company and is govemed under its Arlicles of Association. In the event of the company being wound up, members guarantee to contribute an amount not exceeding £10. Recruitment and Appointment of Trustees The dlrectors of the company are also charity trustees for the purposes of charity law. The number of trustees shall not be more than Iwelve or less than three. The charity may by ordinary resolutlon appoint a person who 15 willing to be a trustee and may also detemiine the rotatlon in which any additional trustees are to retire. Meetings take place five tlmes a year. with an Annual General Meeting held In the summer. There is an ongoing programme of trustee strategy meetings to discuss and set the charity's effectlveness, goals, aims and purpose. Guidance and training are also given to promote understanding of Charity Governance and specific issues related to the Charlty and its work. None of the trustees has any beneflclal interest in the company and there are no related parties to the charity with the exception disclosed in note 19 of the accounts. The range of Irustees is intended to reflect Fine Cell Work's own blend of needs incorporating experience of prisons and understanding of rehabilitstion issues, working with volunteers, fundraising. marketing, communlcations, merchandising. product design, texllle production and knowledge of interior design and its commercial aspects relevant lo establishing an effective business profile for the charity. The trustees. who are also the directors for the purpose of company law, and who served during the year were: Jennifer Rademaker (Chair) Marion Bedford Julian Diment Tabitha Elwes Kit Kemp MBE Miranda Kendall (Vice Chair) Cath Kidston MBE (resigned 12 March 2024) Andrew Murray (Treasurer) Cathy Robinson Emma Soame5 Nicola Wright Structure, staffing and volunteers In 2023 Fine Cell Work's 26 years. experience working in prison. strong management structure and innovative, flexible approach, alongside an active, multi-talented Board, enabled the charity to continue to reestablish their in- prison programmes. restore leve15 of engagement close to pre-pandemic numbers. bulld their engagement with their service users and strengthen their relationshlps and impact in the sector. Key to this was establishing a partnership with HMPPS (His Majesty's Prison and Probation Service) textile workshops and setting up a Board Advisory Group wltt) five service users. the Chair and Vice Chair of the Board alongside the Executive Director and Director of Programmes.

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Fine Cell Work Is run by the Executive Director supported by the senior management team comprised of the Founding Director, Finance DireGtor, and Directorof Programmes. The Senior management team is supported by a permanent. full-time staff of eleven and. from Q4 one part-time staff fflember working three days a week giving the charity, by year end, a full-time equivalent of 15 employees. The duties of Fine Cell Work's stsff were divided between skills and paid work provision for prisoners; supporting volunteers delivering in-prison stitching classes (cell groups): working in collaboration with volunteers who supporled production, sales and fundraising. the development and provision of skilled and varied work to be stitched- marketing and sales including management of the website and dispatch., fundraising., business planning and financial management. To supporl our programme for prison leavers, Open the Gates {OTG), staff duties included provision of work experience. employment training and mentoring as well as delivering workshops on well-being. boundaries, wider textile skills and interview p￿paratIon. During the year. the charity worked in 38 prisons: in 18 prisons we ran 24 cell groups and in a further 20 prisons we supported 'lone stitchers, who have developed advanced skills in one of our cell groups and been moved to a prison without a cell group, Flne Cell Work staff support these slitchers wilh work. feedback. and payment dlrectty. Wlth volunteers havlng returned to all but on8 of our groups this year after pandemic lockdowns. we were finally able lo ascertaln how many prisoners we were supporting. This was the first time since 2019 that we have been able to galher accurate statistics on slltcher numbers. In totsl, 538 stitchers engaged with us in 2023, still some way from the 602 stitchers we worked wlth In 2019. However, good progress was made as we supported 56% more new stitchers than we did in 2022. Of the 538 stitchers, 458 resided within the male prlson estate (850/0) and 80 in the female prison estate (15 % ). We met our goal of working with more female prisoners. By comparlson, in 2022. 91 Yo of our stitchers were from the ma18 estate and 90/0 from the women's. With 680/0 of the stitchers we worked with in 2023 retuming monitoring and evaluation forms, 72¢/0 disclosed they were white British and 28% from minority ethnic backgrounds. There were 471 'cell group stitchers,, participating in fortnightly stitching classes where possible and tsking the kits back to their cells, and 79 'workshop stFtchers' who either w￿rked in our full-time textile workshop in the men's eslate or in our part-time workshop in the woman's estate. These numbers include 12 prisoners who worked in both cell groups and the prison workshops. Ofthe total cell work stilchers, 398 retumed work in the year compared to 265 stitchers who relurned work in 2022. In 2023, 280 stitchers were new to Fine Cell Work with 239 joining cell groups, 38joining the workshops and three joining both a workshop and a cell group. Ofthe 280 new stitchers, 196 returned work whilst the remaining stitchers were still working on practice pieces. On the OTG post-release programme, we supported 32 prison leavers. At the Clothworkers, Studio in Battersea, we provided employment training to 25 ex-prisoners {who we refer to as apprentices) and supported three prison leavers we worked with in prison who were not able to travel to the London area. This remote engagement involved a bespoke package of support, which included regular phone calls. signposting to local organisations and stitching materials. Four prison leavers who graduated from our post-release programme pre-2023. were supporled with general wellbeing, career and welfare advi￿. Of the 32 apprentices engaged with in the year. 500k were new recruits. 35% were women with 60 % white British and 40/0 from minority groups. 56% had stitched with us in prison. The small ratio of Fine Cell Work staff to prisoners and prison leavers was supported by extensive, essential activities of our volunteer team teaching in prisons and in the Clothworkers Studio, mentoring. supporting production and commissions, helping with administration and design, promoting our work, helping at sales events across the county, supportSng events, and manning the pop-up shop. During the year, 67 volunteerswent into prison to train prisoners in softwork skills by teaching embroidery. canvas work an(f quilting compared to 47 volunteers who did so in 2022. Eight people volunteered in The Clothworkers Studio to support the training of the apprentlces and another three volunteered as mentors to our apprentices. In Ihe year, eight highly skllled stitchlng volunteers assisted with commission development. In all 12 volunteers

FINE CELL WORK ILIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2023 helped us deslgn and promote new design ranges. Eight volunteers assisted wlth production. nine volunteers gave tslks on the work of the charity lo community organisations. 34 volunteers served on evenl committees and 10 volunteers helped run our pop-up shop at Pentreath and Hall in autumn. With 11 trustees generously volunteering their time and experlise, this brought the number of volunleers supporting the charity this year to 138 individuals who covered 168 volunteering opportunities. Remuneration policy for senior management The directors, salaries are detemiined by the trustees with reference to market rates and the financial resources of the charity and reviewed annually. Principle Risks and Uncortainties Using a comprehensive Risk Register. the trustees regularly assess the major risks to which th8 charity is exposed. and systems established to manage and mitigate those risks. Key areas that undergo risk assessment are currently threats to revenue. working in the community, working in prisons (particularly with the current staff shortages across the estate. and the rapidly increasing prison population). stsff-relaled risks and IT infrastructure risks. The risk of a drop in external funding is mlllgated by a strategic plan to increase Fine Cell Work's sustainability through product sales, new funding sources and Increased fundraising resour￿$. The reserves policy seeks to relain sufficient funds to cover any short-term fijndlng losses. Intemal control risks are minimised by procedures for the authorisation of transactions and projects. Risk with the OTG post-release programme is mitigated by buildlng relatlonships with probation and other organisations worklng with prison leavers. and the support of a trustee who has substsntial exp8rience working in prlson and in HMPPS providing expertise and knowledge to both the Board and the senior management team. The risk of working in prisons is ￿0fold. The risk to volunteers working in prisons Is mitigaled by ongoing trainlng by Fine Cell Work staff and by working with prisons to ensure a safe envlronment for our volunteers. The prison system itself is also a challenge with changing policies and frameworks. Currently staffing levels of front-line prison officers are of concern as this could affect the prison's ability to accommodate our volunteers and activities. This is mitigated by Working with HMPPS. the trustees, professionals in the field and other prison charities to ensure an understanding of the overall prison environment. In order to b8 more embedded in the prison estate, we are building a closer relationship with HMPPS. Staff risks relate to the retention of key members of staff. staff recwilment and staff safety. To mitigate these risks. staff policies, salary reviews. building staff resilience. encouraging and sUPPOrting staff training, wider recruitment promotion. and strict policies governing working with prison leavers in the charity's premises are in place. Organisational reviews take pla￿ regularly to ensure that the most appropriate staff structure 15 in pla￿ lo support the work of the Gharity and the resilien￿ of team members. IT infrastructure risk assessment covers key databases. such as our supporter database and information on the server and includes back-up protocols to recover and restore lost data should any loss occur. Fine Cell Work's Employer's Liability, Public Liability, stock, buildings, office contents. terrorism and business interruption insurance policies further minimise the financial risks to the Charlty. The charity has appropriate health and safety and safeguarding policies in place. Mission. Objectives and Activitios Fine Cell Work addresses three key social issues; the need for rehabilitation in prison and for prison leavers in the community, challenges of release, and negative publlc perceptions of people who are or have been in prison. The charity aims to strengthen its position as a leading contributor to prison rehabllltstion and to drive for greater positive awareness and change.

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our work addresses the key issues affecting offending behaviour by developing and reinforcing work skills. building strong relationship5 and mental and emotional resilience, and providing the opportunity to build a financial buffer. We aim to enable our stitchers and workshop workers to complete their sentences with new skills, money eamed and saved, and the self-belief to stop offending. For the apprentices engaged in our post-release programme, OTG. the aim is to support them into a socially connected. stable. independent. crime-free lifestyle, through employment training, bespoke workshops to broaden skills and resilience alongside mentoring and work experience. As a charity and social enlerprise, our core purpose is supporting prisoners and prison-leavers back into society. We do this by providing 5kills-based training both in prisons nationwide and in the community in ourhub in London. focusing on building self-worth, 5elf-respect, self-COnfiden￿ and self-discipline. Our programme delivery encourages our stitchers lo take responsibility, and work as part of a team. Our unique mission is to train and pay prisoners to do exquisite needlework to Greate beautiful products for sale. In furtherance of its mission, the charity teaches prisoners and apprenti￿$ transferable skills Ihrough needl8work, textile production, simple upholstery. warehousing and despatch to support employment and 50Gial re-integration on release. These textile products are bespoke. designed in collaboratlon with well-respected designers and of such high quality that they nol only sell to the public but also to interior designers, museums, and heritage organisations. Ourvision is to build Independent. ¢rime-fr88 lives. To support this, we are buildlng Fine Cell Work asa sustainable social entity with the prisoners and prlson leavers as stskeholders in the enterprise. As one of the few charities able to Continue delivering its in-prison seNices throughout the years of lockdown, we are now even further embedded in the prison system. with prison stsff and prisoners valuing the provision of paid, creative work that can be done by prisoners in their cells. Stitchers work independently in their ce115 for 24 hours a week on average. with many voluntarlly working for as long as 40 hours. We aim lo pay our stilchers approximately ￿enty five percent of the net proceeds of sale. Our stitchers are always paid for the work they retum regardless of whether or when it sold and are encouraged to save for release. In addition, we run a textile workshop in prison making up the work stitched in cells into products ~ predomlnantly cushions. giftware and tableware - and an employment training workshop for prison leavers in the Clothworkers, Studio. In the year, we began our partnership with HMPPS'S textile workshops to deliver wder training, work experience and the opportunity of post-release support. Fine Cell Work specialist training staff now delivers training in drfterent production techniques fortnightly in our first workshop partnership. The charity continues to build expertise and awareness of the demand and opporlunities in Ihe marketplace and to build relationships with successful designers and artists to develop a wide range of desirable products. It is important that Fine Cell Work products appeal to our growing customer base, so the dedicated, skilled work of our stitchers remains meaningful. To engage as many prisoners as possible in the production process (usually four stitchers and apprentices are involved in the creation and sale-readiness of each product), with the exception of design. charting, screen printing and laser cutting, all production is carried out in UK prisons or the Clothworkers. Studio. To accommodate and maximise the involvement and training of as many stitchers and apprentices as possible, the production process 15, by necessity. mulli-layered. The charity covered 26Yo of its Gosts from selling products this year, up from 250A in 2022. The Trustees regularfy review the Charity's public benefit as set out by the Charity Commission. Building Organisational Resilionce After the 'Covid years,, followed by the energy and excitement of our 25-year celebrations in 2022, 2023 was a yearofconsolidation to ensure Ihe growth planned overthe next three years is sustainable. To build organisational

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 resilience, to work with mor8 people in prison and prison leavers, to grow the social enterprise and strength our Impact in prison, the community and the criminal justice sector. we.. Set up a Board Advisory Group to provide Se￿iCe user oversight of and input to the issues before the Board of Trustees Set up our partnership with HMPPS Textile Workshops by establishing a programme in the textile workshop in HMP Foston Hall women's prison Reviewed our theory of change demonstrating how it supports impact measurement and lead5 to lasting social change for our service users Reviewed our existing evaluation and how we can build on this lo demonstrate the impact on service users including their mental health Updated our messaging and website functionality to build both sales and donations Provlded bespoke management tralning to strengthen the management team Hosted events and meetings at the hub to strengthen our relationships with funders, livery companies and OTG partners Supported the growth of and engagement with customers and donors by enabling data sharing be￿een our CRM and Shopify. As a result, there is now more cohesion and better processes within the team with a better understandlng of shared values. This is particularly important in our small team with diverse skill sets and interests. The Board Advlsory Group Involving our service users at Board level Is essential but almost all the people we work wlth, due to the nature of their offending, are not able to sit on a charity Board. This was addressed by Setting up the Board Advlsory Group last summer. With five current or graduate apprentices. the group meets quartedy. The meetings have given us the opportunity to review both our in-prison and post-release programme5 to identify what, in the vlew of our service users, we do well and how we can do better. Recommendations for clearer, more accessible information for prison leavers on the website and for support literature to prepare prison leavers for the realities of release are the invaluable outcomes of this group that sit alongside excellent advice on how to address specific challenges the organisation is facing. A ￿0-WaY link is established with the Board of Trustees through attendan￿ by the Chair and Vlce-chair of the Board, reporting out of Board and Board Advisory Group meeting content, and reviewlng organlsational opportunltles and challenges. Establishlng the partnership wlth HMPPS Textile Workshops Wlth the support of the Head of TextSles and the Head of Programmes, Assurance and Business Dellvery at HMPPS. we are now partnering with Iheir lextile workshop at HMPPS In Foston Hall, expanding workplace skills and wider work experience to a workforce making prison apparel. Since July, two members of the FCW team deliver an all-day workshop every fortnight. Not only has this enabled us to build our work with women in prison. working closely with HMPPS has glven the charity a better understanding of how the service works and how we can adapt to optimise the support we can offer to people in prison. Review of Theory of Change and Evaluation The collaborative sessions with an extemal consultanl involved selected members of staff from different teams with a hub volunteer and an apprentice to involve different stakeholders in the discussions. We reviewed our evaluation practice to identify the three key areas of social issues we address and how we evidence our impact on this. The aim was to use the wide range of data and feedback which Fine C811 Work collects to..

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 demonstrate what issues we were tying to address build evidence to show why society should care about our work demonstrate that it Is Important and vital evidence why Fine Cell Work has the capacity and proven capability to address the issues. We now have an updated. clearer. simpler theory of change which focuses on Ihe three main areas where Fine Cell Work has impact. The first is the need for rehabilitation in both prisons and in the community. The second is societal negative views of prisoners which creates the third issue. lack of opportunities and the ba￿lerS faced by prison leavers to rebuild meaningful. independent, crime-free lives. This has enabled us to improve our programme strategy and darify our messaging on how we address the social problems identified. It has also enabled us to review and improve the ways in which we gather, analyse and share data to better demonstrate our impacl. Updated our messaging and websits functionality The revlew on the theory of change informed the process of how we improved our messaging as we worked with a digltsl marketing agency. This refflection strengthened how we communicate what we achieve in a more holistic way rather than focusing on the detsil of what we do. This allows our donors and customers to appreciate the bigger picture of the necessity of our work In addressing the need for rehabilitation, deterlorating mentsl health of people in prison. the challenges faced by prison leavers, and reducing reoffending. Bespoke managefflent training funded by Clty Brldge In order to build a stronger, cohesive management team, social impact consultants delivered tralnlng over two days. The training was adapted to meet the needs of the diverse experience of the management group building understsnding and collaboration within the small leam. Strengthening relationships Open days at the Hub In Battersea with seNice us8rs leading tours of the workshop and warehouse wlth existing and potential funders and supporters. alongside meetings with leaders of charities working with prison leavers both inside prison and post-release, allowed us to showcase the OTG progrdmme. gave our apprenlices experience in representing their work. enabled us lo di￿uS5 challenges and opportunities, and share best practice working in the criminal justice sector. Building systems for customer and donor gmwth During Ihe year Fine Cell Work was fortunately. chosen lo participate the JP Morgan 'Force for Good" progralnme providing IT project support for not-for-profit organisations. From Ihis initiative. we benefitted from enhancements to the Interfa￿ between databases. Achievements and Performance Working in prison Imth 2023 being the first year since 2019 vthere there we￿n't closures or Covid 'lockdowns' in prisons. we we able to ￿bUIld our in-prlson programmes to support 90% of the workforce we had supported in 2019. We worked with 560A more new stitchers than the previous year making good progress towards our goal of working with over 900 people in prison by the end of 2026. The length of time we work wlth our stitchers means we have a significant impact. Working with 538 stitchers by yearend, 30% of our workforce engaged with us for slx months or less. a further 22% stitched with us for up to a year. Of the remaining 480/0 who had worked wlth us for over a year, 11 Q/¥ have been supported by the charity for over five years. Through the fortnightly stitching classes with our volunteer teachers. or, in our workshops. fortnightly full-day training with Fine Cell Work staff. the stitchers build a strong conneclion to the charity. A

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 magazine, Stitch Up. published by us biannually for our stitchers supports this. The sale of their work provides further connection to the world beyond prison. The facl that many customers write to thank the stitcher for their work impacts this further. The sense of belonging and inclusion to the broader community built through the programme are all key factors in building the self-respect and ￿5111ence to not reoffend. By end of the year, we were working in 18 prisons. four more than the previous year. We ran 24 stitching classes in these. In a further 20 prisons, we supported 'lone stitchers, directly from the office. Despite delays with the prison service organising security dearance for new volunteers. stitching classes were opened in three prisons new to us. at HMP Foston Hall. HMP Guys Marsh and HMP Thameside. We finally reopened groups in iwo prisons we had worked in before lockdown but had not yet b￿n able to retum lo. Despite our efforts, it will not be until early 2024 that we will be able to retum to HMP Long Lartin thereby having stitching classes in all the prisons we want to reengage with post lockdown. In-cell work To meet Ihe growing demand for work from our stitchers, in 2023 we made a total of 3,580 kits: 44Yo embroidery kits, 310/0 needlepoint kits and 250/0 Christrnas decoralion kits. Kits for small items for both embroidery and needlepoint. such as lavender bags, pin cushions and Chrislmas decorations, have be￿een two and six different products in one kit. Of all kits returned in the year. 320A were from beginner stitchers, 430/0 from intemiediate and 26% were stitched advanced stitchers. In addition, 50 of our most tslented stitchers completed 84 bespok8 commission pleces. The comparatively high proportion of new stitchers in the year meant that hours spent stitching recorded were down by 40kn on the year before, {71,871 hours compared to 75,095 hours in 2022), and down 410/0 on total hours recorded for stitching Sn 2019. This is because established stitchers habitually spend longer stitching than beginners. In total. £70,688 was paid to stitchers, 8¢/+0 up on the previous year due mainly to an Increase in the number and value of awards presented. Awards are given annually to our stitchers to reward their commilment to Fine Cell Work. The categories are for outstandlng progress, ex￿llenCe in stitching sklll development, and peer mentoring with special awards for outstsnding contributions to Fine Cell Work. All awards include a financial bonus payment. This year we gav8 206 awards and bonuses to our stitchers in multiple categories. Most stitchers are nominated by their volunteers and then ourjudging panel picks certain stitchers for the top awards. A total of £10.765 was paid to stitchers for Ihe 206 awards. a significant increase from 119 awards and bonuses given in 2022 totalling £5.860. With the lowest bonus attached to an award being £20 and the highest award. Outstanding Contribution to Fine Cell Work, having a remuneration of £100, awards are a good opportunity for us to acknowledge and reward the work of our stitchers. Of particular note, this year we distributed 57 Progress Awards (almost double the 30 awarded last year). We also gave out 10 Outstanding Contribution to Fine Cell Work Awards, more than usual. due to a few stitchers who worked very hard on multiple importanl commissions this year. A new award was introduced. the Production Commendation. for stitchers who We￿ not nominated by volunteers for an award but produced eight or more kits over the year. Additionally. we gave an extra one-time bonus to stitchers in four groups that have either not opened since lockdown or had been sporadic in their running. to thank them for their loyalty and continued work with us. Feedback from our stitchers Is done annually to assess seniice users, engagement in stitching, their prlmary motivations, and feedback on how the organisation is performing. SuNeys were sent at the beginning of the year in 2024 to get feedback from the pr8vious year. The Annual Stitcher Survey, Experiences of Fine Cell Work, was sent to 295 stitchers with 165 sending back the completed survey. a 490/0 increase on the previous year reflecting th8-recovery of our in-prison work following the 10

FINE CELL WORK {LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 pandemic and the launch ofa numberof new stitching groups in prison in 2023. The completion rate forthis yearfs survey was an excellent 56010. a full 12 percentsge polnts hlgher than last year. The surveys which were retumed were completed to a high st8ndard with almost all respondents answering every question and most provlding detailed comments to a wide range of questions. The analysis of the survey by the external evaluator makes it clear that stitchers derive enomous satisfaction from working with the charity and that stitching helps them cope with imprisonment as well as allowing many to save money and plan for their release. The majority of stitchers are very appreciative of the work of the organisation and of the volunleers who run groups partlcular. Thls is the sixth annual survey this researcher has conducted. Three themes stood out this y8ar: More people tslked about how their stitching for Flne Cell Work is an important Ilfeline connectlng them to the world outside prison and making them feel part of society, sometimes a connection Ihey feel that they had lost over their years of incarceration. Responses showed the importance of the quality of the work they do for Fine Cell Work: this is reinforced by the fact that customers pay commerclal prices to buy them, has a strong Impact on many stitchers. This validates their work (differentiating it from many other prison employment activities) and validates them as individuals, giving them a much-needed feeling of being a person, not merely a prisoner, again. The fact that so many products are in themselves beautiful. colourful and intricate shines joy and a sense of positivity into what is often a monotonous and grey lrfe inside. The importance of stitching.. In the survey. stitchers were asked to rate how important a list of 12 different factors were for them as individuals about being a stitcher on a scale from zero to ten (with ten representing the most important). This list was constwded from a series of preliminary interviews with Fine Cell Work staff and stitchers. The chart below ranks these 12 factors according to their average importance (out of 10) to this cohort of stitch8rs.' Reasons for stitching out of 10 {n=164) Prer4rin8 l¢Y my ra. 6.2 soria￿Sing with other peopleBener?N¥ 6.8 Wotknngaspartofa team Prov1th￿qfOrffly famty Teach[￿s41S &7otheis TaknnS￿rn0re fewsbilrty 7.6 Feelin8rAore fiAuTÈ cyp)rnunlty to te fftatNe 1&6 Makes me feel I)e￿È[alKS￿ alysejl &6 iearn1ngr￿￿kll5 OrATU Wkthiwp)sifryÈithmytirne io li

FINE CELL WORK ILIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 To review our work with minority groups and make appropriate changes to our programmes, we send a 'stitcher monitoring & evaluation form, to all stitchers when they join a group to galher demographic data of our current stitcher group: Age, Gender. Preferred Pronouns, Disability Status, Ethnic Group. National Identity and Religion. 68% of the stitchers we worked with have returned their forms, with a total of 364 completed by year end. 190 of these were returned in 2023. In 2021 we introduced the 'Fine Cell Work Mental Wellbeing SuTvey' to be completed by new stitchers when they joined a Fine Cell Work stitching group. A follow-up survey would then be sent nine months after the first mental wellbeing survey was completed to monitor progress. The opening and subsequent closing of groups in 2021 and 2022 impacted on the results of new stitcher surveys compleled during this period. Because of this, we only considered follow-up suNeys from stitchers that had joined groups Ihat remain open to ensure throughout their engagement with us so Ihal we were not only monitoring the impact of stitching on our beneficiaries but also Ihe impact of engaging with volunteers and being part of a stitching group. It is anticipated that by mid-year 2024, suffiGient follow up surveys will be returned for the external consultant to evaluate the feedback and report on his findings. By the end of 2023. 52 partlcipants had relurned the second round Mental Health evaluations. In order to encourage volunteers to deliver our accredited in-cell training to their stitchers. further trainlng was delivered to our volunteers teaching in prison. Stitchers are paid £30 for each unit completed and given a certificate of achlevement from the Open College Network (OCN). During the year, an impressive 26 units of study had been completed in c811 groups with one stitcher having completed three unlts of study over a two-year period. In recognltion of thls achievement, the stitcher will receive a bonus of 100kn on his eamings from stitching in a year added to his prisoner pay every year he remains a stilcher. Fine Cell Worf('s Prison Awards were introduced in 2021 to 8cknowledge exceptional goodwill and support we recelve from selected prlson we work in. For the support we re￿iVed in 2023, early in 2024 we awarded a total of elve prison awards in five categories: four prisons were presented with the 'Outstanding Contribution to Fine Cell Work Award three prisons were presented with the 'Gold Award for Staff Engagement and Support,. three prisons were awarded the 'Best Practice in Volunteer Support,; with prisons presented with the 'Lone Stitcher Support Award,. A new category was introduced this year, the New Group Support Award, for prisons who had been partlcularly helpful in setting up new groups. This was awarded to iwo prisons. Framed certificates and accompanying letters are sent directly to the Govemor of each of the 12 prisons. The letter gives credit to specific members of prison staff and is an opportunity to acknowledge and thank individuals for their ongoing, exceptional support. Supporting Volunteers With 138 volunteers supporting all aspects of the charity this year, over 80Yo of our volunteers have worked with the charity for over five years, nearly half of whom have volunteered with Fine Cell Work over 10 years. Their longstsnding support gives thern a strong connection with both the ethos and mission of the charity. 21 /0 of volunteers took on more than one volunteering opportunity with one volunteer undertaking five different roles during the year. Volunteers teaching in prison deliver front-line services to our slitchers and are vital to the charity. In the year, four volunteers retired and left as they no longer wanted to volunteer in prison. New volunteers accounted for 27°/0 of the 67 volunteers teaching in prison in 2023. In order to facilitate growth in our in-Gell programme, we did a dedicated recruitment drive lo widen the pool of volunteers. We did this by promoting the opportunitythrough all ournetworks including emailing currentvolunteers. social media posts and building relationships with local and regional volunteer organisations nationwide. Over 40 volunteers were trained by us in 2023 to support the reopening of prison groups, more volunteer cover in exlsling groups, and our estsblishing ofgroups in new prisons in 2023 and 2024. In orderto accommodate training more volunteers who live throughout the UK, most training sessions are now run online. However, to accommodate 12

FINE CELL WORK (LIMITED BY GUARANTEE} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 a large cohort of volunteers startlng during the summer. we organised in-person tralning which was appreciated by the volunteers. Our ongoing plan is to organlse a couple of in-person sesslons per year, including future refresher training for existing volunteers and other ad-hoc training. To thank and publicly acknowledge the value of volunteering to the charity. in Spring the Chair of the Board hosted a truly memorable lunch for volunteers at the hub with Fine Cell Work's longstanding Patron, Kaffe Fassett, and his partner, Brandon Mably as guest speakers discusslng their creative motivation. In-prison workshops With our new parttime workshop in HMP Foston Hall and our well-established workshop In HMP Littlehey. we supported 79 men and women during the year. Set up 13 years ago. our full-time workshop in HMP Littlehey makes up at least 70 % of the kits stitched in prison cells into the final product: creates the needlepoint kits themselves- completes specific handstitched products which lend themselves to a group activity and produces machlne stitched cushions, tableware and glfvare. The activities requlre many skills and are the complete antilhesls of the repetitive tasks of many prison textiles workshops. Taking on new and varled tasks requires concentration. motivation and builds confidence to take on new skills which are important attributes to prepare for work post-release. Our workshop is an essenti81 part of the social enterprise and fosters the workers, appreciation of their relevance to the wider organisation and engagement with the world beyond prison. The nature of the work develops their ability to work as part of a team. broadenlng thelr employable skills. This is the first tlme the workshop was opened for a full year since 2018 as infrastructure challenges in the prison closed the workshop in October 2019. With a highly experlenced supervisor provided by the prison to run the workshop. productivity and workshop morale went from strength to strength in the year. A very experienced member of Fine Cell Work's teaching staff provided more extensive training to the workshop fortnightly focuslng specifically on delivering the Open College Ne￿Ork accredited units of study, with 21 units of study sUc￿SS[u11Y completed In the year. Interior design retailers have in the past donated excess stock to us. A very generous donation of large rolls of high-quality plaln linen from De Le Cuona allowed us to develop an extensive range of utility products with this excess fabric in the workshop. The launch of the beautifully crafted aprons and bags proved hugely popular with our customers and were one of the most successful in-house designed product launches in the year. Feedback was also gathered from our workshop stitchers at HMP Littlehey. Twenty-one workshop stitchers returned the survey to our extemal evaluator, representing 880/0 of the workshop team at the time. The analysis of the survey retums makes it dear that prisoners working in Flne Cell Work workshops derive enormous satisfaction from worklng with Fine Cell Work and that the atmosphere of productivity where all are treated with respect is much appreciated in the conlext of what is often a stressful prison envlronment. All the workshop participants who responded were very appreciative of the work of the organisation and of staff who visit and help organise the workshops In particular. Unlike with many prison workshops, those working with and for Fine Cell Work expressed an important sense of community with both Fine Cell Work staff and other prisoners Involved in the charity and a sense of ownership and pride in being part of the wlder Fine Cell Work family. The fact that they were encouraged to suggest improvements to the workshop processes was a source of partlcular satisfaction to many. Perhaps the most importanl factor for most workshop stitchers was that the workshop felt like as close as is possible in prison to a real work environment where attractive and praclical objects were made to a hlgh stsndard for sale to the gener81 public. Many suNey respondents differentiated thelr experiences in the workshop from the rest of their life in prison. seelng it both as an oasis of calm where respect was both given and received and as a place where their time in prison had a purpose and a connection to the outslde world. They contrasted what they 13

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 saw as a real-worfd commercial operatlon with previous experiences of prlson workshops. Several respondents talked about looking fO￿ard to golng to work for the first time during their period of incarceration. This year saw an increase in the number of workshop stitchers who had already developed plans to continue their associatlon with Fine Cell Work via the OTG post-release programme. We began working in the HMPPS'S textile workshop at HMP Foston Hall in July this year, a new initiative for the charity to expand its reach. Two members of Fine Cell Work specialisl training staff now deliver an all-day workshop every fortnight on a variety of different production methods including hand stitching and working on small production runs. The first four sessions formed an Inductlon phase whereby participants made items for themselves or as gifts wlth the subsequent sessions in the year working on production of bags and purses SP8cifically designed for the prolect. In a spirit of collaboration and solidarity. because a full day a fortnight doesn't allow sufficient time for preparation cutting of fabric and threads and marking out motifs to be handstitched - women engaged in our post-release programme in the Clothworkers Studio in Battersea prepared kits for the women in HMP Foston Hall to work from to support their productivity. Rehabllltstlon Pathway and poSt￿eleaSe support: Open the Gates (OTG) Seven years ago. the OTG programme was estsblished to support prisoners post-release at the Clothworkers, Studlo in Battersea. During that time. we have supported 89 prison leavers. Over 75 % of these prison leavers (who we refer to as apprentices) had received senten￿$ of four years or more, with many having complex offending hlstorles and support needs. The OTG programme allows the apprenlices time to adapt to the challenges of settling back into the community. In many instsnces, thls take well over a year. for a few this Can take over 18 months. The average length on the programme Is 11 months involving an average of 440 hours of Individual training and support. The success of this bespoke approach is that each year we get about 40 % of our graduates into employment or further tertlary training. Since the stsrt of the programme, the reoffending rate has been only 10/0. The Clothworkers, Studio continued to be a thriving, productive v￿rkplaCe with an ethos of inclusion, consultation and co-operation, offering a wide range of roles and responsibilities to match indivldual skill sets. We deliver Intensive, bespoke support to those who are experfencing the most barriers to accessing employment and other services, some of the most marglnallsed people in the community. Core to the delivery of the programme Is providing pastoral support and mentoring alongside the accredited embroidery and textile training courses. Our apprenllces are supported by Fine Cell Work stsff. volunteers, and mentors into employment. settled living 8nd, in some cases, further employment training beyond the Clothworkers, studio. Key to the training is work experience in the busy texilles workshop, working on production. sampllng new products. slmple upholstery, working on commissions which requSre teamwork and problem solvlng, facilitsting sales and product management by warehousing, and dispatch. Soft skills such as timekeeping, boundaries. participation in meetings and service user forums support reintegration into soclety. The Studio plays an important role in production with 200A of the kits stitched In cells made up into the finished product. Almost all commissSons, particularly those requiring supervlsed teamwork and creativity are made up In the Studio. In the year. commlssions included a large, quilted wall hanging created for Kit Kemp, five large needlepoint altar rail kneelers for Holy Trinity. and kneelers and bench seats for a church in Amerlca. Service user engagement remained a key focus of the organisation. The newly establlshed Board Advisory Group provides our Trustee Board, and the broader organisation, with the ability to benefit from our Se￿l¢e users, lived experience and insights and to advise the Board on wider organisational areas of review and opportunity. Our bi- monthly service user involvement meetings give apprentices a forum to develop and shape the seNl¢e we provide and build thelr commitment to the organisation. Regular team meetings with the apprentices who helped with warehouslng and dispatch continued to reenforce their key role wlth the sales team and build their ability to take 14

FINE CELLWORK (UMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 responsibility as part of a wider team. These meetings led to the development of another accredlted unit of study with the Open College Network. warehousing, deliverlng, dispatch and stock management. In total, 19 units of study accredited by OCN were successfully completed by apprentices in the year. 11 of which were in peer teachlng which recognises the team support focus of the OTG programme. A fortnightly craft club was held on Friday afternoons for apprentlces and graduate apprentices with Fine Cell Work staff and volunteers and provided a creative space for our service users to develop their hand stitching skills and encouraged soclal Interaction. The Chair of the Board attends many of the craft club sesslons as a further link be￿een the Trustees and our service users, Trlps to an exhibition by our Patron Kaffe Fassett. and to the Koestler Exhibition encouraged social integratlon and shared interest. Staff and external providers facilitated 22 workshops to broaden apprentices, resilience, skills, and aptitude to acquire new skills. These sessions were designed to build employmenl confidence and preparatlon for work and covered subjects as diverse as CV writing and dlsclosure of offending history. respecting and setting boundaries. online safety, basic upholstery. modem quilting techniques. mountlng and framing, lampshade making, intetview technique, developing social skills and positive affirmalion workshops to bulld confidence and self-bellef. A further 15 one on one sesslons were delivered with apprentices who needed more personalised support. The apprentices supported two Open Days of the Clothworkers, Studio, with current and potential donors invited to the ffirst. and current and potential partners in the criminal justice sector invited to the se￿nd, by being Ambassadors of the OTG programme. Thls led onto more formal Ambassador training wlth a professional coach volunteering her time to deliver a day's workshop on public speaking skills, confidence building, promoting Fine Cell Work. and the skills to deliver a conslstent, compelling message. Of the 32 people we supported. 16 were new recrults, 11 were women and 16 identified with a BAME background. In 2023, six 'apprentices' graduated; graduates moved into employment, three into further vocational training. and one graduate. who is at retirement age, wenl to volunteer in their community. Four apprentices left the programme in the year; three disengaged due to challenges they encountered in regard to their health, motivatlon. and hlstoric substance use, and one apprentice was recalled for breaching licence conditions. No one on the programme reoffended. Sal88 and Commlsslons In 2023, earned income across all channelswas£307,060. up 60A on income from this source in 2022 of£290,193. Earned income is broken down into income from the sale of the prison-made products and income from prisons paying a nominal fee per place in each cell group. Income from sales was £303,060, an increase of 10% on the year before. However Income derived from prisons where Fine Cell Work delivers its servic8s was only £4.000. down from £14,400 from this source last year. This was the result of delays in payment from the prison service and a mismatch in flscal years between them and Fine Cell Work. Sales Gratifyingly, total sales now have finally exceeded the record levels of 2019 and were up over 80/0 on total sales of £280,063 achleved then. Despite trading Income In 2023. being 10¥ts up on 2022, online sales were down 60A at £159,602. Although we made a strong start to the year. with sales for th8 first quarter 360/0 ahead of the previous year, web sales for the remaining three quarters were 10¢/*o down on 2022. This reflected the general trend across the retall sector, given the overall financial climate, and also Fine Cell Work's internal Challenge of not having a senior sales and marketing person in place until Ihe last quarter. Sales from events raised £38,544. just exceeding the previous yearfs total {£37,724) and included sales in Houghton Hall and Layer Mamey. 15

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Commissions sales at £52.814 were up 51 Vo on 2022 (£35,005). This was due to the completion of several long- temi projects. We also delivered commissions to long-standing clients, Including Carolina Mazzolari, Flrmdale Hotels. Pentreath & Hall and the Royal Household. Trading income from retailer partnerships gratifyingly increased 95Qh on 2022. wlth £34,445 in sales, and accounted for 11D/o of trading Income. Of this total, 32V• was generated by a design collaboration with Knepp Rewilding. Income from pop-up shops at marginally over £3,000, was significantly down on 2022 (£15,296) as we had only one pop-up in the year. Pentreath & Hall once again gave us their Bloomsbury pop-up space, pro bono, In October for two weeks. Pmduct launches & highlights Catalogue sales (sales of all Fine Cell Work products less commissions) in the year amounted to £235,817. We launched 36 new products which. at £40,370, accounted for 170/0 of catalogue sales. The most successful launch was a design collaboration using sustainable materials with Knepp Rewilding, celebrating the endangered wildlife livlng on Knepp's East Sussex estate. Launched in midQctober. one design sold out within the first two weeks. The collection generated a total of £16.383 in revenue - indudlng sales to Knepp, who sold the range In their Wilding Kitchen & Shop. Other key launches included the machine stitched Utility Range made from end￿f-Iine linen donated by De La Cuona, Tasha's Trip designed by Fine Cell Work Trustee and designer Kit Kemp. and a new addition by Snowden Flood to our bestselling needlepoint Landmarks collection, Tower Bridge. Two popular launches, the Baby's Breath and Forget-Me-Not napkins. and the geometrlc coasters, were designed by Fine Cell Work apprenllces. a new initiative we are keen to encourage. To enable our stitchers more creative freedom and to offer more products to support the accredited training modules from the Open College Ne￿ork, we developed a new product inhouse, the folklore cushion, that gives stitchers the creative freedom to choose their own embroidery stitches and colours from a pre-picked palette. Launched towards the end of the year, the folklore kit was popular with our stitchers and our customers. Our online sample sale in August gave us the opportunity to offer our customers a selection of unique, onewoff items at significantly reduced prices. Running for three weeks in August, the sale generated nearly £9,000 from over 235 products. Following the success of our 25th birthday Great Sewing Bear Christmas decoration last year. we deslgned a new hand-stitched decoration this year inspired by our best-selling Swag Bag. The Swag Bear was a success with all available stock sold, a totsl of 165 Swag Bears, raising over £4,000 - accounting for 15°/) of total decorallon sales (£27,178) - maklng it our bestselling decoration of the year. Onllne newsletter Our online newsletter remained our most powerful marketing tool. We contlnued to channel our energies into this, increasing our frequency of sending by 150/0. With a total of 45 unlque email campaigns sent during the year. Newsletters generated 1,156 orders, an increase of 820kn {634 in 2022). with attributed revenue increasing by 102%. Commissions Slitchers and volunteers work closely together on commissions plannlng the project and identifying new skills requlred. Wllh the welcome return of our volunteer teachers to their prison groups provldlng encouragement, expertise and regular updates to the office this year, three large. multl-plece commissions were finally completed having been in process for a number of years. 16

FINE CELL WORK (LIMITED BY GUARANTEE} TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In 2023, 50 expert stitchers completed 84 specialist commission pieces including an 11-rnetre-long needlepolnt altar-front kneeler in five pieces designed by Cresslda Bell for Holy Trinity Church in Sloane Square. 14 bespoke needlepoint chairs featuring indlvidual petit polnt designs for a private house in Buckinghamshire and a project for a church in Virginia in America which consisted of 8 church bench seats, all stitched in cross stitch needlepoint. All commissions with the exception of upholstering the needlepoint chairs, were made-up by Fine Cell Work speclallsts and apprentices in the Clothworkers Studio. Weworked on 11 pi8ces of complex embroidery for repeat commissions client and artist Carolina Mazzalori which will form the basls of her artworks. One such piece was a large-scale embroidery that measured over Iwo metres in height and took over 100 hours to stitch. Several intermediate and advanced 18V81 stitchers completed a wide variety of commissions for long-stsnding retail partners: Pentreath & Hall, Hauser & Wirth, Blithfield, GPO Museum and the United Kingdom Antarctlc Heritage Trust (UKAHT). A new quilting commlsslon, a large 180cm x 180 cm multi4ayerquiltfor Firrnda18 Hot81s was begun and completed in the year. The project, which resulted in a feature wall-hanging for one of the Firmdale Hotels in New York. was a very successful team effort involving the Firmdale creative team workSng alongsSde Fine Cell Work stitchers. apprentices. volunteers and staff. Designed by Kit Kemp, pleces of fabrlc with images of hedgerow animals were delicately embellished by stitch8rs in prison before being painstakingly machine pieced together in the Clothworkers, Studio. Apprentices then spent several weeks quilting the many layers together. For the Royal Household, we stitched Her Majesty the Queen's cypher on linen to create 20 cushions. The highlight of the year was completion of a commission for the Royal Visit to Kenya where our Design and Commlssions speclallsls worked alongside eXperien￿d stitchers in the Clothworkers Studio to create a stunning, bespoke, embroldered cushlon wlth the Kenyan national flower en￿Inned with native British wildflowers. Fundralslng and Selllng through events Events are an effective form in promoting knowledge and understanding of the impact of our work and of raising money. Events where we brlng products for sale have always been very effective at showcasing the skill and beauty of our stitchers, work, encouraglng sales and building on our ne￿ork of customers, donors and volunteers. The only fundralslng event thls year was a retum to the Hurlingham Club in September with a private dinner for 80. The evening featured an engaging tslk by renowned author Chris Atkins, perfectly aligned with the release of his new book. Tlme After Time.. Repeat Offenders. and raised £11,670 in donations. We were fortunate to host sales In two prestlglous. historic locations in the year. The first in June was at Houghton Hall in Norfolk. The historic Picture Gallery gave a stunnlng backdrop lo our products to optimise sales opportunities. Lord and Lady Cholmondeley hosted a well-attended evenlng reception and sale followed by a sale the next day of our hand-embroidered luxury products. The two-day. ticketed event ralsed £12.245 in donations and £8,220 in sales. Following the event, Lady Cholmondeley generou51y continued to support the charity by stocklng Flne Cell Work cushions In the gift shop at Houghton. Our second was at Layer Marney in Colchester, our fourth sale at this fabulous Tudor venue, hosted by longstsnding supporters Nick and Shelia Charrington. This two-day event began with a private fundraising reception followed by a Chrlstmas Sale open to the public the next day raising just over £7,000 in sales. Wejoined forces with the Dulwich Quilters at B811 House in Dulwich to showcase an extensive array of mellculously hand*mbroldered quilts Including a number created by Fine Cell Work stitchers. For Ihe first tlme, thanks to the generosity of a volunteer in manning the sale and covering the cost. we took a tsble al the Cotswold Fair and raised almost £5,000 from sales over the three days of the sale. 17

FINE CELL WORK (UMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Sales event calendar ended with our annual Christmas Sale at St Peter's in Notting Hill. With a motivational speech by Andrea Coomberfrom the Howard League of Penal Reform on the current scarcity of purposeful activity in prlsons. guests were encouraged to buy resulting in record sales for the event of £14.500. To broaden fundraislng opportunities, in April we welcomed trustees of grant-making organisatlons that had supported us in the past to an Open Day at the Clothworkers Studio to celebrate achievements made through our post-release OTG programme. Our guests visited the workshop and heard from the apprentices about the Impact of the programme. Conversations on the day led to opportunilles to apply for further support. In order to create wider opportunities to meet our most loyal supporters, we hosted a profile-raising event and drinks reception in May at the studios of artlsts Carolina Mazzolari and Conrad Shawcross. The well-attended evening induded talks by these prestigious artists about the connections betsveen their art and prison. To build awareness of our work in the interior design sector, In September, we were given a stand at the Chelsea Harbour Design Centre for Focus 23. This provided a fantastlc plattorm for networking with prominent interior and fabric designers. with charities struggling to meet fundraising targets due to various pressures IncludSng the cost of living. we decided to launch an appeal at the end of the year. With the theme, °one stitch at a time. focusing on the progress and recruitment of stitchers, we ran the appeal from mid-october to 31 st December with an Inltlal larget of£50,000. Thanks to the generous support we received, we raised £97,630 from 260 donors, of which 137 were new donors to us. We took the opportunity provided by two well-estsblished 'giving occasions,: Giving Tuesday, an intemational dsy for givlng to charity on the lasl Tuesday in November and pre£hristmas seasonal giving to make our ask. Communications Our annual stitcher survey, sent out to nearly 300 stitchers, continued to give us statistical information. feedback and quotes to support the evaluation of our services. Comblned with consultative work with a digital agency. this informed our communications strategy and ability to create engaglng, unique content. Key to our communications strategy was the launch of our upgraded website in 2023. Working with the digltal marketing agency, several areas were established that would benefit from improvements: reviewing and refining brand messaging across all communication channels identifying and addresslng barriers to conversion across the website, with a view to increasing product purchase rate utilising our Google Ad Grant to set up and refine Google Ad campalgns to drive increased awareness. traffic and conversions to the website. We also identified the importance of better communicating the exquisite craftsmanship of our stitchers, work in order to maxlmise revenue through our website - our primary sales channel. In addition to this. we wanted to make it easier for visitors to the site, both new and existing, to learn more about Fine Cell Work's mission, and to support our work through buying produd or donatlng. To do this, it was integral that we focused on the Impact of our work upon our stitchers and apprenllces. The improvements made to our webslte have glven us a more effective plattorm to raise awareness about our work, promote our social enterprise and our events programme, and Increase wlder support. Ensuring that we review and optimise the opportunity provided by the Google Ad Grant - particularly in light of re￿nt changes to the ways which charities can utilise this - has driven new visitors to the webslte, helplng to grow both newsletter subscribers and sales. The digital agency worked with us to redesign the layout and content of our subscriber newsletter, prioritising the stories behind the products, telling stitcher stories, and showcasing customer reviews. 18

FINE CELL WORK (LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The gathering of new sign-ups at events drove a 92Vo Increase In newsletter subscribers during the period July to December 2023 vs the prior six months (1.026 vs 534 new subscribers for the period January to June 2023). New subscriber5 during July to De￿mber were also up 800/0 compared to the same period in 2022. However, the overall size of the subscriber list remained fairly static following a cleaning of unengaged subscribers fiom the list. Our frequency of posting on Instsgram increased by 160% compared to the previous year. helping to grow our follower wunt by 8.5¥0 during the year. to 13.248 followers. We continued to share a balance of posts across our social media channels driving Ihe social enterprise, encouraging donations. and promoting our wider work and programmes. Whilst our energies continued to be focused on Instagratn. we cross-POSted the majority of this content to Facebook (4.393). X formerly known as Twitter (5,168) and, more selectively. Linkedln (725 followers). Our most liked posts included those on our Patron Kaffe Fassett and Brandon Mably's visit to Fine Cell Work. as well as our stitcher stories. and those demonstrating the impact of our work. Publlcity Fine Cell Work's mission and our stitcherfs creations continued to gain ￿cognItion in the media, and we were featured in major newspapers and magazines. as well as radio. In the run-up to Christmas, several of Fine Cell Work's product5 were picked for indusion in the curated gift guides of several high-end glossy magazlnes. with many focusing upon their being gifts with a meaningful social purpose. The undoubted highlight of 2023 was the first in a series of videos filmed by the Ministry of Justice, featuring Flne Cell Work's strtchers in Warren Hill and post-release hub in Battersea. The subsequent Instagram post from March 2024 went viral with over 10k likes and more than 208k views- with a total watch time of almost 985 hours (as of April 2024). The full video has over 69k views. Principal Funding Source Our fundraising strategy to diversify our Income streams Is worklng as Illustrated below. Fundralslng from grants In 2023 Fine Cell Work received £509,885 from grants from Trusts and Foundations, a 160/0 increase on the previous year. We were proud to secure a major. three-year grant from the Gatheld Weston Foundation as well as new. three-year grants from the Adrian Swire and another Foundation. contributing to Ihe strength of grants funding in future years. We also received new grants towards expanding and extending our work from the Henry Oldfield Trust, the MIVA Foundation, the Brothers Trust. the Radcliffe Foundation and the Merchant Taylors Charity. We benefited from ongoing. multi-year grants from the Ask Trust. the Bank of America Foundation, the Bromley Trust. the City Bridge Foundation. the Charles Hayward. Colyer Fergusson. de Laszlo and Matrix Foundations and Peter Stebbings. Rathbone. Rothschild, Eleanor Rathbone and Henry Smith charities. The Aldo Trust. the AnGa5ter Trust. the Broderers Livery Company. the Gilander Foundation. Ihe James Roll Trust. the Michael Varah Memorial Fund, the Ancaster Trust. the Needlemakers Livery Company and the Taurus Trust continued to support us with annual granls. and we also ￿￿1Ved new. one-year grants from Dalby. 1772, St Adhelms and Ratcliff Trusts. Fundraising with major donors and corporates In total we raised £322,722 in donations from individuals, legacies and corporations. FCW Champions, our regular giving campaign, raised £15,000 which included monthly. quarterly or annual donations from 47 diffe￿nt donors. Fundraising at events raised £27.000, and the Appeal raised £97,630 from 260 donors. The balance was raised through general ad hoc donations from individuals and foundations. Financlal Revlew In 2023, Fine Cell Work's totsl incoming resources were £1,152,548 up 1 Yo on the previous year. Donations and grant income were down 1.8Q/o on 2022. Income from the sale of prisoners. work was up 10% on 2022. 19

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reservas Policy The Trustees have established a policy whereby the unrestricted funds not committed in tsngible assets held by the charity should be maintained at a level of four to six months of budgeted expenditure. currently equal to £517.347 for six months in general funds. At this level, the Trustees feel they would be able to continue the current activities of the charity in Ihe event of a significant drop in funding or other changed arcumstances. It remains a Gore aim to build and maintain Fine Cell Work's unrestricted reserves at this level. In 2021 the Trustees resolved that the £127.317 raised by an appeal in that year would be a separate Designaled ReSe￿e to be used for the rebuilding of Ihe stitcher numbers in prisons following the pandemic. In 2022, £63,500 was released from the reserve representing new stitchers in that year. In 2023 the remaining reserve was released as new stitchers retuming work in the year reached 256 exceeding the balance of the designated reserve. Also set up in 2021 the separate designated reserve equal to the value of the charity's fixed asset net book value is retained. This is in accordance with current best practice. Total reserves at the yearend were £787,062 (2022 £817,047) of which £16,100 were restricted (2022 £8,682), £27,532 were deslgnated (2022 £114,322) and £743,430 unrestricted (2022 £694.033). Free reserves at year end were £743,430 (2022 £694,033). Corporate Soclal Responsibility Fine Cell Work has set the goal of going beyond Its charitable mission in order to make positive contributlons to the wider community, our stakeholders and society. We aim to achieve this by: Providing sustainable outcomes for our beneficiaries and society as a whole. leading to lower levels of reoffending and enabling beneficiaries to lead crime free lives Working with HMPPS to support their efforts to offer purposeful. rehabilitalive work in prison and provide opportunities and positive pathways post-release Minimising our impact on the environment by sourcing ethical and sustainable malerials for the making of our products and encouraging green initiatives within the organisation including reGyding and alternatives to car usage Providing support. wellbeing and development programmes for our staff to nurture them and provide opportunities and resilience in their day-to-day work. We are accrediled Living Wage Foundation employers Ensuring that we ar8 financially sustainab18 Havlng a positive impact on the lives of our volunteers and support them to deliver our programmes Developing a positive relationship with suppliers including prompt payment SeekSng to improve our governance and transparency to enable the community to understand our mission and our positive outcomes. 20

FINE CELL WORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FINE CELL WORK Statement of Trustees, Responsibilities The trustees are responsible for keeping adequate accounting records that di￿lOse with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenllon and detection of fraud and other irregularities. The twstees, who are also the directors of Fine Cell Work for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accountlng Stsndards (United Kingdom Generally Accepted Accounting Practice), including Financlal Reporting Standard 102 'The Financial Reporting Standard in the UK and Republic of Ireland,. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of Ihe state of affairs of the charity and of the incoming resources and application of resources. including Ihe income and expenditure. of the charitable company for that year. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent; and prepare the financial ststem8nts on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. On behalf of the Board of Tru Jennifer Rademaker (Chair) o?Ll 21

FINE CELL WORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FINE CELL WORK We have audited the financial statements of Fine Cell Work (the 'charitable company,) for the year ended 31 December 2023 which comprise the Statement of Flnancial Activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AGGounling 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 ststemenls: give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure for Ihe year have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit In accordance with Intemational Standards on Auditing (UK) (ISAS {UK)} and appllcable 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 charitable company charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the Financial Reporting Council'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 provlde a basls for our opinion. Concluslons relatlng 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 ststements is appropriate. Based on the work we have perfomied, 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 lo continue as a going concern for a period of at leasl ￿e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of thi5 report. Other information The trustees are responsible for the other infom)ation. The other information comprises the information included in the govemors, annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover Ihe other infomation and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. 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 or a material misstatement of the other information. If, based on the work we have perfomed. we conclude that there is a material misstatement of this other infomiation, we are requlred lo report that fact. We have nothing to report In this regard. 22

FINE CELL WORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FINE CELL WORK (CONTINUED) Opinions on other matters pres¢rib8d by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audlt.. the information given in the trustees, report {incorporating the directors, report) for the financial year for which the financial ststements are prepared is consistent with the financial statements: and the trustees. report (incorporating the directors, report) have been prepared in accordance with appllcable legal requirements. Matters on which we aro required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not Identified material misstatements in the trustees. report (incorporating the directors, report). We have nothing to report in respect of the following matters in relation lo which the Companies Act 2006 requlres us to report to you if, in our opinion: adequate accounting records have not been kept by the charitable company, or retums adequate for our audit have not been received from branches not visited by us. or the charitable company financlal statements are not in agreement with the accounting records and returns; or certain disclosures of directors. remuneration specified by law are not made. or we have not received all the information and explanallons we require for our audit; or the Trustees were not entitled to prepare the financlal statements in accordance with the small companies regime and tske advantage of the small companies, exempiions in preparing the trustees, Report and from the requirement to prepare a Strategic Report. Responslbllltles of the trustees As explalned more fully in the trustees. responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are r8sponsible 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 twstees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assessing the charitsble companrfs abS11ty to continue as a going conttm, disclosing, as applicable, matters related lo going concern and uslng the going concem basis of accounting unless the trustees either intend to Ilquldate the charitable company or to cease operatlons, or have no realistic altemative but to do so. Auditor's responsibilities for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error. and to issue an Audilorfs report that includes our opinion. Reasonable assurance is a hlgh level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS (UK) will always detect a material misstatement when 11 exlsts. Misststements 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 laken on the basis of these financial ststements. Because of the inherent limitations of an audit, there Ss a risk that we will not detect all Irregularities, including those leading to a materlal misslatement in the financlal statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. 23

FINE CELL WORK (LIMITED BY GUARANTEE REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FINE CELL WORK {CONTINUED) The risk is also greater regardlng irregularilies occurring due to fraud rather than error, as fraud involves intentlonal concealment, forgery, collusion, omlssion or misrepresentation. The specific procedures for this engagement that we designed and perfomed to detect material misstatements in respect of irregularities. including fraud, were as follows: Enquiry of management and Ihose charged with governance around actual and potential litigation and claims. Enquiry of management and those charged with governance to identify any materlal instsnces of non- compliance with laws and regulatlons; Reviewing financial statement dlsclosures and testing to supporting documentation to assess compliance with applicable laws and regulations- Perfomiing audit work to address the rlsk of Irregularities due to management override of controls. Includlng testing of journal entries and other adjustments for appropriateness. evaluallng the business rationale of significant transactions outside the nomial course of business and reviewing accountlng estlmates for evidence of bias. A further descrfption of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.ukjauditorsresponsiblllties. This description fomis part of our Auditorfs report. Use of our report This report is made solely to the charitabl& company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might stste to the charltable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent pemltted by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. Alexander Peal Bsc (Hons) FCA DChA (Senior Statutory Auditor) for and on behalf of James Cowper Kreston Audit 8th Floor Reading Bridge House George Street Reading RG18LS 24

FINE CELL WORK {L11411TED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcte d Restrlcted Designated Funds Funds Funds Notes Total 2023 Total 2022 Income from: Donations and grants Charitsble activities Investment income 494,022 307.060 12,881 338,585 832,607 307,060 12.881 847,560 290,193 3.859 Total income 813.963 338.585 1,152,548 1,141,612 nditure on: Cost of Raising Funds Charltable actlvltles Prisoner Training & Support 197,361 197,361 279,336 985,172 653.995 331,177 889.755 Total expendituro 851.356 331.177 1,182,533 1,169,091 Net Incomellexpendlture) (37,393) 7,408 {29,985) (27.479) Transfer between funds 86,790 (86,790) Fund balan￿S at 1 January 2023 694.033 8,692 114,322 817,047 844,526 Fund balances at 31 December 2023 743,430 16,100 27,532 787,062 817,047 All actlvltles of the charity are classified as continuing. There are no other recognised gains or losses other than those reported on the Statemenl of Financial Activities. The notes on pages 28 to 44 form part of these accounts. 25

FINE CELL WORK (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2023 Notes 2023 2022 Fixed assets Tangible assets 27.532 50,662 27.532 50,662 Current assets Stocks Debtors Cash at bank and in hand 199,006 62,894 562,015 187,774 57,364 653.290 10 823,915 12,500 898.428 Non-current assets Creditors: amounts falllng due within one year 11 176,885) (132,043) Net current assets 759,530 766.385 Total assets less current liabilities 787,062 817,047 Income funds Restflcted funds Designated funds Unrestricted funds 14 16 17 16,100 27,532 743,430 8,692 114,322 694.033 787,062 817,047 The Twstees acknowledge their responsibilities for complying with the requirements of the Act with respect to Accounting records and preparation of financial statements. The fin8ncial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies, regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. 11. rf1.2ezy Andrew Murray (Treasurer) Trustee Company Registration No. 03095356 The notes on pages 28 to 44 form part of these accounts. 26

FINE CELL WORK (LIMITED BY GUARANTEE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 Notes 2023 2022 Cash flows from operating activities: Net incomelexpenditure for the year Depreciation of tangible fixed assets Increase/(decrease) in creditors (Increaseydecrease in debtors (Increaseydecrease in stocks Investment income {29,985) 29,630 {55.158 (18,030) (11.232) (12,881) (27,479) 27.837 {107.928) 29.087 <62,011) (3,859) 11 10 Net cash provlded byl{used in) operatlng artivitios (97,656) (144,353) Cashflow6 from investing activitiès Interest income Purchase of tsngible fixed assets 12.881 (6,500) 3,859 (20.256) Cash provided byl(used in) investing activities 6.381 (16,397) Increasel(decrease) In cash (91.275) 1160,750) Cash and cash equivalents at Ihe beglnnlng of the year 653,290 814,040 Cash and cash equlvalents at the end of 562,015 653,290 1 Jan 2023 Cashflow 31 Dec 2023 Cash at bank and In hand 653,290 (91,275) 562,015 The notes on pages 28 to 44 form part of these accounts. 27

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Stalutory Information Fine Cell Work is a charltsble company, limited by guarantee, regSstered in England and Wales. The charitable company's registered number and reglstered office address can be found on the Legal and Admlnistrative Information page. Accounting policies Basls of preparation The financial statements have been prepared in acLordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr acwunts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)- (Charities SORP (FRS 102)). the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2008. Flne Cell Work meets the definltlon of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historl¢al cost or transaction value unless othernlse ststed in the relevant accounting policy note(s), There are no material uncertainties about Fine Cell Work's ability to continue as a going concern. 2.2 Income All income Is recognised once the company has entitlement to the income, it Is probable that the income will be received and the amount of income r8ceivable can be measured reliably. Charitable Activities - represents income from sales of goods and is recognised when recelvable, excluding Value Added Tax. Grants are included in the Statement of financial acttvities on a receivable basls. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income Is received in advance of entitlement of receSpt. its recognition is deferred and included In credltors and deferred income. Where entitlement occurs before income is recelved. th8 income is accrued. 2.3 Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Costs of raising funds comprises those costs Incurred in order to raise funds from external sources. Charitable activity expenditure comprises those costs incurred by the charity in the dellvery of its activities and services for its beneficiarles. 11 includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. It also includes costs associated wllh meeting the constitutional and statutory requlrements of the charity. All costs are allocated beiween the expenditure categorles of the Statement of Financial ActlvSties on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportloned on a staff time basis. 28

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible fixed assets and depreciation Tangible fixed assets are slated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows: Plant and machinery Fixtures. fittings and equipment 3 years straight line basis 3 years slraight line basis 2.5 Leasing and hire purchase commitments Rentals payable under operaling leases are charged agalnst income on a straight line basis over the period of the lease. 2.6 Debtors Trade and other debtors are recognlsed at the settlement amount due after any trade dlscounts. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments. The Trustees seek to use short and medium term deposits where possible to maximise the return on monles held at the bank and to manage cash flow. 2.8 Creditors and provisions Creditors and provisions are recognised where 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 due to settle the obligation can be measured or estimated reliably. 2.9 Stock and work in progres5 Stock is valued at the lower of Cost and net reallsable value. 2.10 Pensions The charity operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. 2.11 Fund accounting The charity has various funds for which it is responsible: The Trustees also aulhorlsed the creatlon of a deslgnaled fund to cover the Flxed Asset value. 2.12 Taxation The company is a registered charity (number.. 1049095). All of the charity's income falls within the exemptions set out in part 11 of the Corporation Tax Act 2010. 29

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2.13 Financial Instruments The company only has financial assets and financial liabilities of a kind that qualify a5 basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently messured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective instrument method. 2.14 Crltlcal accounting ostimates and areas of judgement Estimates and judgements are contlnually evaluated and are based on historical experience and other factors, including expectallons of future events that are believed to be reasonable under the circumstsnces. Crltlcal accounting estimates and assumptions The Company makes estimales and assumptions conceming the future. The resulting accounting estimates and assumptions will, by definition. seldom equal the related actual results. The estimates and assufflptions that have significant risk of causing a material adjuslment to the carrying amounts of assets and liabilities within the next financial year are discussed below- CritiGal areas of judgement- Tangible fixed assets Tangible fixed assets are depreciated over their useful lives taking into account resldual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessments consider issues such as the remaining life of the assets and projected disposal values. 30

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and grants Unrestricted Restricted Designated Funds Funds Fund8 Total 2023 Total 2022 Donations and grants 494,022 338,585 832,607 847.S60 Donations and grants Unrestricted funds: Total 2023 Total 2022 Garfield Weston Dalby Trust Taurus Trust Al-Fayed Foundation Considered Ask Foundation Broml8y Trust Reo Stakls Michael and Clara Freeman Trust Ove￿he1￿ Limited Anthony Sofroniou Amiitage Trust Devonshire Trust Moorview Charitsble Trust Anonymous B& L Know Fund Crucilble Foundation Scouloudi Foundation Charles Burrell and Isabella Tree Susannah Peake Lady Elizabeth Cavendlsh Trust Other grants. donations and (<£S,000) and Gift Aid 110,000 7,500 5,000 5,000 38,500 10,000 20,000 17,500 10,000 5.000 5.000 5,000 6.000 22.000 5,000 10,000 5.000 15,000 51.000 7.000 20,000 20,000 52,083 170,939 125.000 168,596 494,022 422,096 31

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and grants (contlnued) Totsl 2023 Total 2022 Restricted funds: Adrian Swire Trust Bank of America Foundation Brothers Trust Batchworth Trust Hadrian Trust Colyer-Fergusson Charitable Trust Henry Oldfield Trust Merchant Taylors De Laszlo Foundation Rothschild Foundation Evan Comish Foundation City Bridge Trust Considered Ask Foundation Anonymous MIVA Trust Needlemakers Livery Company Ratcliff Trust 1772 Trust Radcliffe Trust Peter Stebbings Trust Hiscox Foundation Eleanor Rathbone Trust Trusthouse Foundation Sheriffs and Recorders John Lewis Foundation St Adhelms Chapel Trust Anonymous HDH Charitable Trust Matrix Causes Fund Porticus Trust Hedley Foundation Henry Smith Foundation Michael Varah Memorial Foundation Gaffield Weston Foundation ststham Family Trust 25,000 15.000 39,933 36,321 10,000 15,000 1,000 10.000 25,000 10,000 10,000 10.000 12,000 10.000 5,000 50,405 12,567 5,737 9,556 20,000 11,500 9,000 3,080 4,000 2,000 2,000 5.000 7,500 10,000 10,000 5,000 2,000 3,000 678 16,000 5,000 5,000 1,000 3,000 3.000 14.998 5.000 60,000 60,000 1,752 2,747 75,000 2,500 310,585 351,689 Carried Forward 32

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from donatlons and grants (continued) 2023 2022 Brought forward 310,585 351.689 Aldo Trust Charles Hayward Foundation John Coates Charitable Trust Nina Campbell Llmlted William Yeoward Limited Worshipful Company of Br0de￿r$ Rio Stakis Foundation Other donations & grants (<£5.000) 5.000 5,000 20,000 20.000 5,000 15,000 15,000 3.000 5.000 5,775 3.000 338,585 425,464 33

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities 2023 2022 Sale of prisoners, work Income from cell work 303,060 4,000 275,793 14,400 307.060 290,193 Expenditure Staff Costs Depr￿latIOn Other Costs Totsl 2023 Total 2022 Expenditure on: Costs of generating donations and grants 160,379 36,982 97,361 279,336 Charitable actlvlties Prisoner Tralnlng & Support Activities undertaken directly Support costs 435.966 29,630 389,299 854,895 764,455 130.277 130,277 125.300 596.345 29,630 556.558 1,182,533 1,169,091 Analysis of support costs {including governance costs) 2023 2022 Rent Governance costs Insurance 102,700 17.927 9,650 96,100 20,066 9,134 130,277 125,300 Included wlthin support costs is £10,000 (2022- £10,000) in relation to audit fees for the current auditors. 34

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 6 Statement of financial activities - Comparative funds- year ended 31 De￿mber 2022 Unrestricted Restricted Funds Funds Designated Funds Totsl 2022 Income from: Donations and grants Charitable activities Investment Income 422.096 290,193 3,859 425.464 847,560 290,193 3,859 Total income 716,148 425,464 1,141.612 endEture on: Costs of raising funds Charitabla activiti•s Prisoner Training & Support 279,336 279,336 414,948 474,807 889,755 Total expendlture 694.284 474,807 1,169,091 Net incomel{•xpenditure) 21,864 (49,343) (27,479) Transfer between funds 71,237 (71,23n Fund balances at 1 January 2022 600.932 58,035 185,559 844,526 Fund balances at 31 December 2022 694,033 8,692 114.322 817,047 7 Trust••s transactions The Trustee expenses in the year were £1,372 (2022-£282) relating to travel expenses incurred In their capacity as a volunteer teacher in prison (2022 travel expenses) claimed by one {2022 one) Trustee. 35

FINE CELL WORK (LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employg8S Numbar of employ&os 2023 Number 2022 Number The average monthly number of employees during the year was 15 15 Employment costs 2023 2022 Wages and salaries Social security costs other pension costs 527,022 48,179 21,144 512,759 49,056 16,279 596,345 578,094 The number of employees whose annual emoluments exceeded £60,000 in the year were as follows: 2023 Number 2022 Number £70.001-£80.000 £60,001-£70,000 The key management personnel of the charity comprises the founding director, executive director and finance director. The totsl employee benefits of key management personnel of the charity were £168,136 (2022: £163,036). 36

FINE CELL WORK (LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible fixed assets Planl and machinery Fixtures, fittings & equipment Total Cost At 1 January 2023 Additions 9,679 147.843 6,500 157,522 6,500 At 31 December 2023 9,679 154,343 164,022 Depreclatlon At 1 January 2023 Charge for the year 9.679 97,181 29,630 106,860 29,630 At 31 December 2023 9,679 126,811 136,490 Net book value At 31 December 2023 27,532 27.532 At 31 December 2022 50,662 50,662 10 Debtors 2023 2022 Trade debtors Other debtors Prepayments and accrued income 11,527 12,500 51.367 4,611 13,075 39,678 75.394 57,364 11 Credltors: amounts folling due within one year 2023 2022 Trade creditors Taxes and social security costs Other creditors Accruals and deferred income 12,278 35,520 1,340 27,747 14.997 21,798 1,366 93,882 76,885 132,043 37

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Deferred Income Included in deferred income are amounts relating to donations with timing Conditions outside the control of the charity. 2023 2022 Brought forward as at 1 $1 January 2023 Received in year Released in year 52,083 174.083 125,000 1247,000) (52,083) Carried forward at 31st December 2023 52,083 13 Pension and other post-retirement benefit Commitments D•finad contribution There were £3,059 contributions (2022 £2,233) due. 2023 2022 Contributions payable by the charity for the year 21,144 16,279 38

FINE CELL WORK {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Restricted funds BalanrA at 1 January 2023 Incomlng resources ResOU￿8S Balance at 31 expended December 2023 Developlng post release employment and training support for prisoners Newsletter Open the Gates apprentice stipends Prisoner training and awards Accredited Training Volunteers expenses Rebuilding Cell Work post pandemic Cell work core costs Support for prisoners in Kent Stitcher training kits Post release training programmes Impact Evalualion Support for female prisoners 159,338 159,338 3,000 3,000 4,388 2.636 1,752 15,000 3,758 2,000 15,000 3,758 2,000 82,000 74,000 8.000 21.000 10,000 5,000 21.000 10,000 5,000 10,000 5,737 20,000 1.900 8,100 6,056 11,793 20.000 8,692 338,585 331,177 16,100 39

FINE CELL WORK {LIMITED BY GUARANTEE) NOTESTO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Restricted funds (continued) Balance at 1 January 2022 Incoming resources Resources Balance at 31 expended December 2022 Developing posl release employment and training support for prlsoners Open the Gates apprentice stipends Prisoner training and awards Volunteers, expenses Rebuilding cell work post pandemic Cell work core costs Support for prisoners in Kent Stitcher training kits SoGial enterprise support Impact evaluation Event sponsorship Support for female prisoners 15.000 111.163 96,163 2,535 2,747 2,646 2,636 5,500 12,500 5,500 12,500 125,498 12.500 112.498 20,000 6,000 15,000 11,500 10,000 75,000 9,556 55.000 20,000 35.000 17,500 10,000 77,000 3.500 55.000 20,000 2.000 6,056 58.035 425,464 474,807 8,692 40

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Restrlcted funds (continued) Developlng post-release employment and training support for ex-prisoners The Bank of America Foundation. City Bridge. Adrian Swire, Henry Oldfield. MIVA and The Peter Stebbing Memorial Trusts funded the development and delivery of post-release support for ex-prisoners. The Michael Varah Trust provided bursaries for the post release apprentices. Rebulldlng In prison stitcher numbers post Covid. The HDH Charitable and Eleanor Rathbone Trusts, de Laszlo. and Radcliffe Foundatlons, The Matrix Causes Fund and The Henry Smith Charityall supported the initiative to rebuild stllcher numbers in prison after the Covid pandemic drastically reduced numbers. A¢cr•ditod Training The Needlemak8rs Company supported the OCN training programme. Support for prlsoners and ex-prisoners in Kent The Colyer-Fergusson Charitable Trust funded support for prisoners and ex-prisoners in the Kent region. Volunteers exponsos The 1772 Charity funded volunteer expenses. In Cell support The Hadrian. Ratcliff and St Adhelm's Chapel Trusts. The Merchant Taylors and Rothschild Foundation supported the costs of cell work for prisoners. Prisoner awards The Brothers and Radcliffe Trusts supported awards made to prisoner5. Support for female prl8oner8 The Charles Hayward Foundation provided support for working with women Sn the prison estate. Stltcher Tralnlng Klts The Aldo supported the provision of stitcher training kits. 41

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Unrestricted funds Movement in funds Balance at 1 January 2023 Incoming resources Resources expended Transfer between funds Balance at 31 December 2023 Unrestrfcted funds 694,033 813,963 851,356 86.790 743,430 Movement In funds Balance at 1 January 2022 Transfor between funds Balance at 31 December 2022 Incoming rosources Resources expended Unrestricted funds 600,932 716,148 694,284 71,237 694,033 Balance at 1 January 2023 Transfer between funds Balance at 31 December 2023 16 Deslgnated funds Incoming resources Resources expended Fixed Asset Fund Rebuilding Cell Work 50,663 63.659 (23,131) 163,659) 27.532 114,322 (86,790) 27,532 Balance at 1 January 2022 Balance at 31 December 2022 Incomlng resources Resources expended Transfer betwoon funds Fixed Asset Fund Rebuilding Cell Work $8,242 127,317 (7.579) (63.658) 50,663 63,659 185,559 (71,237) 114,322 42

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Analysis of net assets between funds Unrestricted Funds Rostrictod Deslgnated Funds Funds Total 2023 Fund balances at 31 December 2023 are represented by: Tangible fixed assets 27,532 Current assets 792,783 Creditors.. amounts falling due within one (76,885) 27.532 836,415 (76,885) 16,100 27,532 743.430 16,100 27,532 787,062 Unrestricted Funds Restricted Funds Designate Funds Totsl 2022 Fund balances at 31 December 2022 are represented by: Tangible fixed assets Current assets 50.663 775,413 50,663 898,427 8.692 114,322 Creditors: amounts falling due within one year (132,043) (132,043) 694,033 8,692 114.322 817,047 18 Commitments under operatlng leases At 31 December 2023 the company had total commitments under non-cancellable operating lea*s avable as follows- Land and buildlngs 2023 2022 Within one year Between two and five years 105,000 393.750 71,250 498.750 71,250 19 Related Parties £38,450 was paid to addmustard Ltd for the redesign and optimisats.on of the Charity's website. This company has a director who is also a Fine Cell Work Trustee, Julian Diment. 43

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Control The charity is a company limited by guarantee and is under the control of the trustees. 44