2024-12-31-accounts

FINE CELL WORK ILIMITED BY GUARANTEE) Charlty R•gl8tratlon No. 1049095 Company Reglstratlon No.03095356IEnglandandWales) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

FINE CELL WORK (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATNE INFORMATION Patrons Tracy Ch8valier Dam8 JLtdi Dench CH Kaffe Fassett Esther Freud Calh Kldslon MBE Libby Purves OBE The Hon.Emm8 Soames Isabella Tr88 Truste•8 Jennifer Rademaker {Chair) April Blthhlstle Jullan Dimenl Ellzabeth Downlng Tabilha Elwe$ Annabel Frank Klt K8mp MBE Miranda Kendall Ivlce Chalr) Nick Moore Jane Mulvagh Andrew MuThay (Treasurer) Cathy Robinson Ex•cutlv• Dlrector VIGlorla Glllies Foundlng Dlr•ctor Dr Katy Emck OBE Flnanclal Dlr•ctor Mariana Spaior Charlty Number 1049095 Company Numb•r 03095356 R•gl$t•r•d Offl¢• & Prfnclpal Addresg 190-192 Queenslown Road London SW8 3NR Audlt¢r$ James Cowper Kreston Audlt 81h Floor Reading Bridge House George Streot Reading RG18LS Bank•rs Unity Trust Bank 4 Brindley Plac8 Blnnlngham B12HB

FINE CELL WORK (LIMITED BY GUARANTEE) CONTENTS Page TRUSTEES. REPORT REPORT OF THE INDEPENDENT AUDITORS 27 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) 30 BALANCE SHEET 31 CASH FLOW STATEMENT 32 NOTES TO THE ACCOUNTS 33

FINE CELL WORK (LIMITED BY GUARANTEE} TRUSTEES, REPORT FOR THE YEAR ENDED 31$7 DECEMBER 2024 The Trustees pres8nl thelr report and accounts for the 124T￿nth period ended 31 Decemb8r 2024. The accounts have been prepareil in accordance with Fine Cell W0￿'S Memorandum and Arlicles of Assoclatlon and with the ac¢wnting policies set out in note 2 to the accounts and comply with Ihe charity's governing document. applicable law armj the requirements of th8 Charities SORP (FRS 102). GOVERNANCE, STRUCTURE AND MANAGEMENT Governlng Document The organlsatlon Is a charitable company limited by guarantee, Incorporated on 25 August 1995 and reglst8red as a charlty on 9 September 1995. The company was eslabllshed under a Memorandum ol Assoclatlon whlch established Ihe objects and powers ol the charllable company and Is governed undei Articles of Association. In Ihe event of the company belng wound up, members guarantee to conlribule an amount not exceedlng £10. Recrullment and Appolntment of Tru•to0$ Th8 directors of Ihe company ar8 also charlty trustees for the purpo$os of charity law. The number of trustees shall not be more than bw8lv& or less than three, The charlly may by ordlnary r8solullon appoint a person who Is wllllng lo be a twslee and may also delennlne Ihe rolatSon In whlch any additional truste88 are to rellre. Meetings take place four tlmes a year. wilh an Annual General Meeting held In the summer. There is an ongolng programme of trustee strategy meetings to discuss and set the charlly'5 effvctivene5s, goals. alms and puipose. Guidance and trainlng are 8150 given to promote understanding ol Charity Goveman¢* and speclflc Is6ue8 related lo the Charlty and Ils work. None of the truslees has any beneficlal Inte￿$1 In the company and there are no related parties to the charity. The range of tru3tee3 Is Intended to refled Fino Cell WoTk's own blend of needs Incorporating experience of prlsons and underslandlng of rehabllltatlon Issues, Galeguardlng. worklng with voluntears, fundralslng, mark8tlng, communlcatlons. mei¢h8ndi$ing, producl design. textlle productlon and knr)wledge of inlerlor design and ils commercial aspects relevant lo estsblishing an effeclive business profile for the charlty. Four Irustees stepped down in the year each havlng glven many years ol loy81 support en8bllng us to re¢NII three new trusteès wlth $pecSfi¢ skills to supporl the charity's ambltlon to work wlth m¢Y6 people in prison. The trugtees, who are also the dlr8ctor8 for the purpose ol company law. and who serrfed durlng Ihe year vfftre.. Jennifer Rademak8r (Chair) Marlon Bedford (reslgned 11 June 2024) April Birtwhistle {appointed 11 June 2024) Jullan Diment Tabitha Elwes Kit Kemp MBE Miranda Kendall (Vice Chair} Cath Kidston MBE (resigned 12 March 2024) Nl¢k Moore {appolnted 11 June 2024} Jane Mulvagh (appolnted 11 June 2024) Andrew Muiray (Treasurer) Cathy Roblnson Emma Soam8s {resigned 11 September 2024) Nicola Wrighl (resigned 11 S8Ptember 2024)

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Recrullment and Appolnlment of the Board Advlsory Group Involving our service users at Boord18vel is 8ss8ntlal bul many of tho paopl• ￿ work with, du• to Ihe natur8 of Ihelr off8ndlng. ale not able to slt r)n a Board ofTruslees of a charlty. In 2023. thls was addressed by setting up the Board Advisory G￿Up. With fwe current oi graduate apprenlic8S, the group m8els quarterly with th8 Chair arKI Vice Chalr of the Board alongs5d8 the Execulive Dir8Ctor and Director of Programmes. The Board Advlsory Group has 6nab16d us io lap Into a larger and more dlverse wpulatSon of sepilce users Ihan we coukl have ever achleved wlth a Irustee appoinlmenl. The meetings allow us to contlnue lo revlew both our In*rlson and po8t4elea8e programm8S to Identlfy what, In the vlew ol our service users, we do well and how we can do better. The testimonles of lived experien¢6 hava given the organlsatlon a better appreclalion ol the realllle8 of firKllng employment when your offendln9 re¢ord requlres d15c105ure to ernpk)yers. STAFFING, PROGRAMMES AND VOLUNTEERS In 2024 Flne Cell Work's 27 years, experlence working In prison. strong management structure and innovative. fiexible approach. alongside an actlve, mulll-talenled Board, enabled the charily to consolldate and embed the growth of thelr In-prlson programmes, resloring levels ol engagement beyond pre-pandemic numbers bvhlst malnlalnlng Its wlde, natlonal reach. For both in-prison and post-rel88$e programmes, the charity continuad lo build their engagament wllh thelr seNlce users and strengthen their relaiionshlps and Impacl In the $8clor, Flne C811 WO￿ (FCW) Is run by the Executive Diroctor supported by the senlor managemenl team comprls6d of the Foundlng Direclof, Flnance Director. and Dlrector of Progiammes. The senior managemenl 18am18 8UPPOrt8d by a pemanent, full-lime staff of hv6lve and one part-tlme staff member workln9 three days week giving the charity, by year end. a full-timo oqulv8lent of 15.5 employees. Tha Directors, ￿larIeS are detemlned by the Truste88 wlth reference lo market rates and the financlal resouKes of the charlty and revlevmd annually. The dutles of FCW8 Staff were dlvided between providin9 skills and pald w￿k for prlsoners: SUPPDrting volunteers delivering In.prison stitching classes (cell groups): working In collaborailon with volunteers who supported produ¢tlon. sales and fundralslng: developing and providing skllled and v8rled work to be slitched., managing marketing and sales; fundralslng; buslness plannlng and flnancial managemenl. To support our programme for prlson leavers. Open the Gates. staff duties included provislon of work eX￿rIence. employment training and mentoring as well as dellverlng workshop8 on well-being, boundaries, lextlle skllls and Inlerliew preparatlon. Programm•s of •ngagèment There are four strands of a¢tlvlty provldlng iextlles aclivilies to prisoners and prlson-leavers across four dIstI￿1 programmes; Cellwork- over 600 two-hour stltchlng classes delivered annually taughl by hlghly skilled, well-trained volunl88rs for stitchers to create beautlful, hand-embroidered producls from FCW klts In thelr cells. Workshops: sewlng and embroidery machine Iraining and commercial production undertaken in fv40 workshops, one fu114im8, one part-timo, laughl by prison and FCW slaff.

FINE CELL WORK (LIMITED B Y GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2024 Lone Stitchers: for stltchers that hav& developed advanced skills in one of our cell groups and been moved to a prison wllhout a cell group. FCW staff dlrectly support thes• stitchers wllh work, feedback, and payment. Open The Gate {OTG) supportlng prison 18avers lo stabilise and rebuild their liv&s through a work exp8rienc8 and vocallonal tralnlng Centred programme In the posltlve. Iherap8utl¢ environment al our London-based textlle workshop and Hub. the Clothworkers Sludlo. Programmo Outputs During the y88r, the tharity worked in 38 prisons; In 21 prisons we ran 27 cell groups and in a further 17 prisons we supported lone 8tlt¢her5. In the year we closed groups in two prlsons resulllng Sn our facSlltallng 25 groups In 19 prisons at year erHI. In total. we engaged wilh 642 sill¢hers in 2024, up from the 538 stitchers w8 SUPPOrted in 2023, an increa$e 01200A. We finally managing to excoed the number of stitchers we worked wtth In 2019 before the pandemlc. Of these, 327 stilGher8 lolned FCW'S In-prlson programmes, an Sncrease of 17% on the new r8crulls who Joined the pr8vlou8 ￿ar, wllh 258 Joining cell groups and 69 Jolnlng one of our in-pflson workshops. 01 the 642 slltchèrs we 8UPPOrted In the year, SOS (458 In 2023) reslded wilhin the male prison estate, 79% of our workforce, and 137 {80 In 2023) in th8 female prlson estate, 21Yo of our workforce. For contèxt, In the prlson estate as a whole only 4% of the prlson populallon Is female. WorkSng with morè women is a strategic goal ol the charity, Whilst we worked with signif￿antlY mre womon this year than lasl, the hlgh lumover In the textlle workshop In HMP Foston Hall conlribuled to thls rise. 700 Engagement v productivity 2019-2024 642 602 533 II•Tolal stiicheis en8a8eiJ No of Cell slitcheis 538 525 471 4064 399* 40• 364 360 3(Kl Ihiil 263• 263. 2019 2020 2021 1022 2023 2Q24 pr150n Wkvkshops weren'l open In the year, so all stllchers were'¢ell-5titchers' durin8 ¢ovld. stltcher numbers were dlfficult to axertain with our volunteer5 not able to teèth in prlsong. so numbers were based on Information we had to hand. We expect these f￿￿reS lo be overe5tlmates. The number of stStchers who returned work in these years is an accurate flgure.

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 There were 525 'cell group stitchers,. partlclpatlng In fortnighlly stllching classes and taklng our klts back to their cells. and 105 'worksht)p slltchers,. working in either In our dedl¢ated workshop in HMP Littlehey or In our His Majesty's Prison and Probation Service {HMPPS) Workshop partnershlp in HMP Foston Hall. In the year, 42 worked in our full-tlme lextlle vrt)rkshop In th8 men's estate and 63 in our part-tlme workshop In the wom8n's 8slatè. Ten $lit¢har$ particlpaled In both workshop and stitching classes. Of the total cell work $til¢hers, 366 returned work in the year and completed a ￿Cord number of kits. up 23% on the previous year. This Increased productlvily r8sulted in the total payments to stitchefs of £92,239 ralsing 30% on payment8 mada to our In*rlson workforc8 in 2023. The average length ol engagement wlth FCW conllnued to ris8 with thos8 Sn stitchlng das8es worklng the charity for an aver8g8 of 2.4 yèar8 and those in th8 HMP Littl8hey workshop l¢y an average of1.25 year8. For Ihe women In the workshop In HMP Foston Hall, In our first full year of the workshop partnorshlp. the average was only 2.5 months. Thls Is a reflection on Ihe more translent population in Ihls prlson. Of tho 58% of $litchers we worked wlth in 2024 who returned monitoring and evaluation forms, 73.5% dlsdosed Ihey were whlto Brltlsh arKI 26,5•A from minorlty ethnl¢ backgrounds. On Ihe OTG posl-rel8ase programme, we SUPPOrt￿ 31 prlson 18avers. At the Clolhworkers, Studlo (the Studlo). we provlded employment training lo 26 ex-prlsoners (who we refer lo as appienllce8l and supported Ihree prlson leavers we worked wlth In wlson who were not abl8 to Iravel to the London area. Thls remote engagement Involved a bespoke package of support. whlch Included rogular phonè calls, slgnpostlng lo local organisations and stllchlng malerlals. Two prison leavers who graduated from our posl-Telease programme pre-2024. were 8UPPOrted with general wellbelng. rAreer and welfare advlc8. Of the 31 apprentices and graduates eng8ged with In Ihe year. 480h were new r•crull$, 320A wera women wlth 68% vrt)lle British and 32% from mlnorlty groups. 52% had slilchad viith us In prl80n. Volunt••r• Tho small ratio of FCW staff to prSsonars and prison leavews was supported by extensive, essential acllvltles of our volunteer team teachlng In prisons and in the Studlo. mentorlng, supporting productlon and Commissions, delivering workshops. helping with administration and deslgn, promoling our work. helping at Sales events across the country. $upporting events, and mannlng the Peter Jones pop4Jp shop. Durfng Ihe year. wllh 11 trustees 96nerously volunl8erlng thelr Ilme and expertise and five members of the Board Advisory Group, 194 Indlvlduals Covered 257 volunteering opportunltles.

FINE CELL WORK (LIMITED B Y GUARANTEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 VOLUNTEERING OPPORTUNITIES 12 In Pr150n 116 15 Events 44 116 Supporting OTG 21 Supportin8 Sales 15 Produclion IS ?.1 Design of New Aan8es 12 Talks Cemmunily 9 Commission Development 9 44 MISSION AND OBJECTIVES FCW addre$$es Ihree key soclal188uo8.' the need for rehablllt8tion in prison and for prlson leav8r8 In the mmunlty, the ¢hallenge8 of release, and ne9alive public percepllons of people who are or have been In prlson. The charity aims to strenglhen Its P081tlon 88 a leading contributor to prison rehabi1Stallon and to dr5ve for greater posltlve awareness and change. Our work addres8es the key Issues affecting offendlng behavlour by developlng and relnforcing work 8kllls, bulldlng strong r6lallonships and mental and amotional re8lllen¢e. and providlng ihe opportunity to bulld a financlal buffer. We alm to enable our stltchers and workshop workers in prlson to complete theSr sentences wllh new $k1118, money earn8d and saved, arKI the self-bellef to Ilve a future free from offendlng. For the apprentices engaged in our post-release programme. OTG. the #im 1$ lo support them into a socially connected, Stable, ¢rlme-free Ilfestyio, through work experience and employment skllls. menloring. and bespoke wowkshops to broaden compelencg, Confldence and reslllence. As a charity and social enterprise. our core purpose is supporting prisoners and prison-loavers back Into so¢lety. We do thls by providing skills-based Iraining focusing on bullding self-worth, self-r8SP8Ct, s81f- Confidence. self-dlscipline and connection to the wlder communlly. Our unlqu8 mlssion is to traln and pay prlsoners to do exqulsltè nèedlework In order create béautiful products for sale. The textlle products created are bespoke, designed in collaboration with well-respected deslgners and of such high quallty Ihat they nol only sell to Ihe public but also to Interior designers, museum8, and haritsge org8ni8ations. Our vlslon is to build Independent. crlme-free Ilves. To support Ihis, we have bullt and contlnue lo grow FCW as a suslainable social enlity with the prlsoners and prison leavers as stakehold8rs in th8 8nlerprise. Our relationship with our workforce is a true partnership. The r6spect for our programmes In prlson continues lo grow as we become further embedded Sn the prison system. wlth prlson siaff and prisoners valu5Tr3 the provision of paid. creatlve work that can be done by prisoners in Ihelr cells and the opportunity for prlson leavers to b9 SUPPOrted by the charity on re18as8. ACTIVITIES Stltchers work Independently In thelr Cells for 24 IKJurs a week on average, wlth many voluntsrily working for as long as 40 hours. Our engagemenl with people In prison 18 exceptional - the av8rage len9th of our in-cell

FINE CELL WORK (UMITED BY GUARAMTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 workforce working with the charlty, at 2.4 years. allows our stltchers lo bulld a strong ralatlonshlp wlth to the charlty. Wé alm to pay our stitchers approximately twenty five percent of the net sale proceeds. Our slitchers are alway8 pald for Ihe work they return ragardl8ss ofwh8ther tha Item stllched Is sold. They are encouraged to save for releasa. In addition, we run a textil& Y￿rkshOp in prison rna￿.ng up the work slilched in cells into products predominantly cushions. bags. gI￿are and tableware - and the workshop for prison leavers In Ihe Studio. We contlnued our partnershlp wlth HMPPS'S textile workshop senlor 18am lo deliver wlder Iralnlng, work experlence and the opportunity for pos1-r818ase support In thelr workshop in HMP Foston Hall. In the year, on the advice and guidance of the Programme8 and Operations Mgnager at Prison Industri8s at HMPPS, we set up and ouffltted 8 workshop in a second prison In the v40men'8 estat& that will open early In 2025. The charity contlnues to bulld Its 8xpenlse and awareness of tha demand and opportunitlos In the marketplace. building r81atlonshlps wllh succassful d081gnars and artists to develop a wlde range of dasirable products and Identlfy opportunS1ies for ¢ommisslons.11 55 Important that FCW products appeal to our growlng customer base, so the work of our slilcher8 remains meaningful. To attommodate and maximise Iho involvement and tralnlng of as many stitchers and apprentlce$ as possible, the production process18, by nec8ssIty, mulll-layered. Four stllchers and apprènlices ar8 involved In the creatlon and sale-readiness of each Pfoduct. Wlth the exception of dosign. chartlng. screen printing and laser cutting, all producllon 18 carried out in UK prisons or the Studio. The charity Covered 25QA of It8 CO8t3 from Selllng producls Ihis year. Tho Trusteos rogularly roviow and a88888 the Charfty'8 publ1¢ benefil as set out by Ihe Charlty Commlsslon. 2024- THE YEAR IN FOCUS In th8 previous financlal year we rèbullt our work In the prison estalo and bullt organlsational resilience to 8UPPOrt our plan to work with more pe¢)ple in prison and on release. We.. set up a Board Advlsory Group to provide service user overslght of and Inpul to the Issues b6for8 the Board of Trusle6s. set up our partnership vAth HMPPS workshops by establishing a Iwo4ay a Month programme In HMP Foslon Hall. reviewed our theory of change lo show our support of social change for our service users. revlewed our existing ev81ualion and how ￿ can bulld on this to demonstrate the impact on service users Including their menlal health. updaled our messaglng and websit& functlonallty to build both sal8s and donatlons. provld8d bespoke management training to slrengthen th8 management team. Th1$ revlew and planning gave 2024 a for4vard-looklng Io¢u8. allowin9 US to build on the consultallons ol the previous year and lo develop a more targeted diredion for growth.

FINE CELL WORK (LIMITED BY GUARAKfEE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Hlghllghts for the year Include: Completing th8 rebulldlng of our programmes post-covid,. the number of people In prison supported by FCW finally exceeded the number of people we supported In 2019, a kèy milestone for the charity, Prlsoner pay was higher than we have paid before wlth a record number of slitchers re¢•lving awards In re¢ognilion of thelr work. Income r8celved from prisons was hlgher than we have ever achleved In the past and thère Is an In¢reaslng number of enqulrles from prisons wanting either our In-c811 programme or a workshop partnership. Thls demonstrated the increasing awareness in the prisons of Ihe ben8fit8 of our programme8. Awareness of FCW also contlnued to grow apace wllhin the wlder prlson estate. our relatlonship with both the Ministy of Justice {MoJ) and HMPPS ¢onlinued lo develop. Th8 MOJ produced a vldeo about the work of the charity and to date has had more vlows than any other fllm they have released. We worked closely wllh HMPPS developlng our partnershlp In Ihe textile workshop In HMP Foston Hall and. through thelr re¢ommendatlon. Bet up a new dedicated FCW workshop in HMP Send where. In the new year. our staff will d8liver 8kills- based. employment tralnlng and work experlerbce two days a week maklng FCW products. In Ihe wider communlty, Ihe number of FCW donors and customers conllnued to grow wlth 8 sold out, profile4aising event early In the ye8f, the Blg Give campalgn at year end whlch Introduced 43 new donors, and a private event In Suffolk in Ihe autumn thal attracted both record attendees and rècord sales. After the review of messaging on our webslle and updatlng our product pages. onllne sales were at the hlghest level èvèr for the chaflty wlth the weekly enewsletters and regular soclal medla posls attracting ever growing audlen¢e8. A newly established partnershlp wlth Royal Hospllal Chalsea and our workshops, where we create products from the Chelsea Pensloners iconic scarlet coats lo be sold In thelr newly established retail oullel. brought wider awareness of our work. Exhlbltlons that featured some of our most symbollc work in Winchester Calhedral Law Week and In Sheffield Museum alongside our partlclpatlon in the award-winnlng exhlbltlon at St Albans Museum. broadened this awareness to a nalional audience. Thls was 6UPPOrted by increased media publicity with FCW featured in 88parat& stories on Sky New8 and LBC News. ACHIEVEMENTS AND PERFORMANCE Charltsbl• A¢llvltl•$ Worklng In prlson In the first week of 2024, we finally teop8n8d our stitchlng class in HMP Gartree. The reopenlng of Ihls class was a good, posltive start for the year as we finally restablished all the groups thal we had Wo￿&d In pre- covld that we still needed. We were 'ba¢k in buslness, after the challeng88 thal arose from responding lo the pandemic. The successes of Ihe previous four years had largely be•n (k)wn lo our ability to be flexlble, lo assess the sltuatlon In hand and adapt our programm8 dellvery and producllon to meel the challenges as much as possible in ev&r￿hangIng circumstances In the prison estate. In contrast the success of thls year was reliant on ¢)ur ability to mak8 our programm8 delivery more scalable- tlghlening and codlfying our proc8sses to make our expectatlons clearer to staff. volunleers and stitch8fS in order lo ensure Ihe growth of our natsonal, inrison programmes which could b8 effectively managed by tha mall staff team In London. A new, proactive Direclor of Programmes joined us in late Mar¢h and pfothded the io

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 necessary enlhuslasm, dlrection and managem8nl of the small programmes. team to embed these new ways of workin9. W18its lo both stitching classes and our workshops from FCW staff more than doubled. The prison estate remalns under c¢)nlinuous pressure to accomffK)date an increasing number of people either senten¢e(l or on remand. With almost 20Vo of the prison populatlon currenlty on remand, any prison that S81VaS the court8 has a v6ry high churn. With a programme that works most effecllvely wlth people who are In prison for al least a year, In Some prlsons It can be more difficult for our charity to deliver Its purposeful, pald activlty. During the year we reviewed where we were dellv8ring our programm&$ $ucco$$fully and where we felt we were nol delivering a meanlngful Inlervents'on. As a result we closed groups in two prisons, We opened thr88 new stitchSng groups and sèt up and fltted out a dedicated FCW workshop in Ihe women'8 estate In prisons wilh popjlations better suited to our serviGes. To acknowledge exceptional support we recelved from our contacts In prlson, In 2024 we awarded 8 totsl of velve prls¢Jn awards In slx calegorie8', Prison Awards Bes¢ Praciise In Voluntèèr Support Dlsiinctlon In NewGroup Suppori Eceptlonal Wowk$hop Support Award Gold Award lor Stoff En888ement and Supp￿1 LoneStiicI)erSuppoit Outsiandingconiflbuiion IOFCW Celhvork 'Every8tit¢h bring8 the light of hop8 In ourd8rkest day8 of stnwle. There is always a 810ry behind the slltcher who wants to makg a diffgrence fmm the Inslde out,. FCW Stltcher Whilsl building stltchlng skllls Is key to the delivery of thè programme. the wider b8neflts of FCW exlend beyond th18. The exc6plional length and depth of engagemenl of stllchers working in thelr cells. prompt payment for their work, the expectatlon of stitchers lo peer mentor ea¢h other alongside the team building ethos of the classes. th8 blannual dislribution of our magazlne. Stitch Up. and the sale of th•ir V￿rk to the publlc. all provide an Invaluable connecllon to the world b8yond prlson. The fact thal many customers wrile to Ihank the stitch8r for thelr worf( Impacts Ihls further. Th8 number of letters Increases each year, with 710 belng sent lo our stitchers. up from 430 In 2023. This senge of incluslon in the broader community Is a key factor in bulldlng self-respect and r8sili8nce. The Increased prison vislls from FCW slaff in Ihe year. meant that all groups received at least Iwo vlslts whlch ￿InfOr¢•d the connecllon and 5mportance of our stllchers to th8 charily. As our slItc￿r numbers grow. managlng our capacity for the demand for our programme Is becoming increaslngly thallenging. In the y8ar we received requests from 26 new prisons, We must ensure that our existing workforce have both sufficlenl kils to slitth and thal the k5ts available m8et the required level of sklll before we commit to opening new groups. To meet Ihe growing demand for work Irom our 81itchors, w8 made 24% more kits than th8 pfevlous year. 11

FINE CELL WORK ILIMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Skill Level of Stitchers Advanced . 38.00% 24% 38% Intermedlaie . 30.0096 Beginner 24.00% 30% Learner 8.0096 With our learners working on a sampler and on waclice kits which are kept as a point of referance of dlfferent stltch8s and k8epsak8s to showcaso thalr initial work. our beglnner loval stitchers aro able stllch kils. for whlch they ar8 paid. requSring neat but baslc slltchlng to create Items that will b6 sold, Thus 68% of our 811t¢hers are either Intermedlate or advanced, able to complete more complex stitchlng 80 we need to make sure Ihal product (and therefore kit) development refl8¢ts the greater need for th18 work. Our most talented stitchers are abl6 to lak• on the challenge ol ￿mMiSsIOnS wlth 54 slllchers complelSng 114 bespok8 commission pieces In the year. Money pald lo our In4ell stitchers tolalled £92,239. wlth over £1,600 paid to our top stil¢her in the yoar. 13 stltchers V￿re pold over £1,000 and S3 over £500. This empowers them to bulld financlal resluence and gives thèm gr8818r Independence. They can 6UPPOrt thelr own ¢osl8 In prlson, sènd money to th8lr famlllos a$ well a3 save for Ihelr release. The charity provlde8 an unprecedenled opportunlty for pr180ners to earn a regular income working in thair calls. As our stltchws galn more stitching experlence, we offer further speclallsl tralnlng accredlted by the Opon College Netsvork (OCN). In order to encourage volunteers lo dellver this opportunlty to thelr slilchers, further training was deliv8red to our volunteers leaching in prlson inclu(ling pilotin9 the qulll making OCN In one of our long-term groups to give the slltchers another opportunlty for leaming. As 8 result of Iho training, an 5mpresslve 37 unlts of study w8re completed In cell groups, 11 more than last year. Stittheis are pald £30 for each completed unlt. Four stitchers compleled three unlls of sludy. up from one stltcher In 2023. Thls makes five stitchers who have reached this remarkable goal which entitles them lo receive 8 further 10% bonus payment annually on the total payment made lor their work in tho year. To further motivate our stitchers lo stltch Chrlstmas decorations, we introduced a bonus for every five decoration kits slitched. In total, 29 stitchers received the £5 bonus. The highest bonus paid was to a stltcher In HMP Gartree who was paid a bonus of £75. Awards are given annually towards the end of the year to our slltchers lo reward thelr commltmenl to FCW. The categories are for outstanding progress. 8xcell8n¢e in stitching skill developmenl, and peer mentoring with special awards for oulylandlng contrlbutlons to FCW. Any stitchers who ¢ompleted eight kits in the y8ar and weren't nominated for an award was given a Productlon Commendation. Al year end w8 pr8sented 146 awards and 32 commendalions. All awards and cornmendalions include a financial bonus payment with payments lotalling over £11,000. 12

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDEO 31 DECEMBER 2024 Impacl of belng part of a slieching group Surveys were sent to our in-cell stitchers lo get feedback from 2024. We have been Sendlng Ihe surveys out for seven years Irom the same extemal researcher whlch gives Invaluable, comparative feedback and enable$ us to regularly review programme delivery to maximise the benefits for our stitchers. The survey. the annual stitch8rs review. was sent to 330 slilGher8. Ihe number of poopl8 V￿re working wlth in cells In Fobruary 2025. Just over half completed the suNey. One of Ihe questlon8 slilchers wer8 asked was how long they had been 6tltchlng wlth FCW., 163 survey respondents answ8red th1$ quesllon and the length of tlme wlth FCW varled conslderably from one month to over 20 y8ars. Over two fifths (44%) had been slitchlng for under one yoar vthlch rellecls both the launching of a number of new groups over the last hvo year$ and. posslbly, the Impact of the prison 8arfy reloas6 schemes which are generallng more lumover of stitchers. At the other end of the scale. more than on6 In seven {15%) ol respondents had been Stitchlng wllh FCW for six y8ars or longer. Slllch8r$ were asked lo rale IK)w important a list of 12 different factors were for Ihem as Indlvidu818 about baing a 8111¢her on a scale Irom zero to ten (with ten ￿preSentIng the most Important), Thls Ilst was construcled ffom hundreds ol Interviews wllh FCW stltchers and foTm8 a core component of the annual Survey. The chart below rank8 these 12 factors according to their average importance (out 0110) for Ihls cohort of Slllchers. Reasons for stitching out of 10 (n=173) Prttviding lor Iny family Workinp.15 pait L)1 a teiini Socialising with other people generally Earniii8 Inonei, Takin8 Inore responsil)ility FeLling Inofe pD51tIVQ *iLiout n)y futur Makes iiie feel bettor about ii)ysell The opportuiiili. lo b¢ creative Learning new skills DDing 50111ething positive with iiiy tiiiie io At Ihe end of hls report, the researcher concluded: 13

FINE CELLWORK (UMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 One of the oblding pleosures in onolysing the returns every year Is thot although many of the benefits derlvedfrom stitching remoin constont. new ones emerge or gain greoter prominence. I have chosen four theme5 to hlghllght thls yeor. Although eornlng money 15 0 Strong drlverfor the majorlty of stltchers and a primary motivatlon for people in prlson to stort stitching, many respondents thls yeor expllcitly stated that earning extro income had become o much smallerfocusfor them. This is reflected in the lower ronking of "eorning money" in the list of twelve common reosonsfor stitching. The Importonce of belng treated as a human belng by FCW volunteers and staff also stonds out In this yearfs comments, with o reol emphosls on the fact that thls experience is restricted almost entirely to FCW qroups. This acknowledgement of their simple humanity seems to re-energlse stitchers to maintain some level of emotional wellbeing in prison. A third strong theme in this year'5 response5 hos been how the quolity of the work they dofor FCW Ilnks so dlrectly with stitchers, sense of self-worth. Thefact that the products are self- evidently of superior quality, afeellng relnforced by thefort thot customers poy commercial prlces to buy them hos o strong impact on many. Thlsfactor not only validotes their work (differentiating itfrom most other prlson employment octivitie5) but, in many cases. validates them os individuals, giving the sort of inner satisfoction of ¢7 job well-done. Finally, the sense thot stitching not only provldes the meons fvr individua15 to survive long perlods of incarcerotion but that it also creotes o communityi a sofe sociol network of stitchers who rely on each other to get through prlson Ilfe. The bond developed through o regulor common Interest appears to allowfvr greater leve15 of trust thon is usual in custody. Impact on men181 h881th and wellbelng In 2023 we r8intr¢)duced Ihe wgllbeing surveys dlstrlbuled to every stilcher in their first monlh of stitchlng and Ihen at regular follow-up periods wlih the aim of measuring FCW'S irnpact on psychological health. By mid- 2024 sufflcl8nt surveys had been retumed to the external evaluator to prepare hls first Inleilm report on Ihe Impact of slltchlng on prlsoners. emotlonal and psychological wellbeing. Thls Interfm report combin8d th8 analysis of both quantitatlve and qualllatlvo data. It concluded that for mosl people Ihere are mèasurablè gains to thelr mental V￿lIbeIng from becomlng a FCW stltch8r. The analysls of 78 folloW￿p 8urv•ys established that: Stitchers report on av8rage. an Increase In thelr 881f-ass8ssed wellbeino There is a reduction in the number of stltchers who experience low wellbeing and an Increas8 in those falling withln the high wellbeing range. Fewer stltchers are indicaled lo be suffering from cllnlcal or mild dgpression after nin8 months of stitching. 14

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Our qualitative work identlfies five partlcular beneflts to the wellbeing of peopl8 Stitching for FCW In prlson.. An Improved ability to manage poor mental he8llh includlng r8ductlon In self-harming and the importanc8 of stitchlng as a mlndful actlvlty whlch helps manage anxloty and varlous neurodlvergent condltions. Batter mood for finding a constructive purpose and means of achlevement in the prison settlng. Improvements in f881ings ol Self-v￿rth from th818amlng of skllls and a supportive peer group. The opportunily to be less Isolatod by developing a friendship group bonded by a Shaied love of and experience in stitching. The practlcal and psychological beneflts of becomln9 flnanclally Independent vla the income generated from stitchers, own hard work. Impact report In June 2024, we commlsslonèd a Short report by respectèd waluator and commentator on crlmlnal lu$tic•, Russoll Webster. It summarlsed the range of actlvilles undertaken by FCW an(1 Its impacl 8fKI drew the followlng concluslons.. Llfe In prtson Is dlfficultfor almost everyone. As we hove seen. the ongoing twln crlses of overcrowdlng ond under-staffing meons that slnce the pandemlc, Ilfe Inslde hos been much harder with more tlme spent locked up in a cell and less occess to work, educotlon and other octivities, The work of FCW hos become even more Important to the 320 people in prison currently workino wlth the charity. The many hours they spend stitchlng represent tlme spent constructlvely, produclng beoutiful products to o hlgh stondard. Stitchers report a host of beneflts Including a sense of purpose and pride, improved self-esteem ond more psychologlcol resilience. They olsofeel better able to cope with the deprlvations ol Incarcerotion ond any mental health conditions. Importantly, stltchers tolk obout how theyfeel connected to society when they stltch, knowlng thot the products they moke ore bought by the general publlc,. ofeellng that is reinforced by the thank you cards ond letters many customers complete. There are practicol benefitsfrom stitchlng too. The chance to regain financial independence ond a sense of pride in not having to rely onfvmlly membersfor day-to-day living expenses 05 well os the chance to save (ryplcolly several hundredpound5Jfor their release. FCW'S prlson Intervention is unique not justfor the hundreds of hours whlch most stltchers invest in the work but thefvct thot they can molntain theirstitching through many years and, of course, for neorly one hundred people, continue thelr as50clatlon wlth FCW through the Open the Gates project on rele05e. Supportlng Volunt••rs To support the growth of our In-prison programmes, 90 volunteers, Includlng 39 new volunteers, wenl into prison to train prisoners in soft work skills by teachlng embroidery, canvas work and qulltlng. Thls Is Significanl inwease on our 67 prison volunteers in 2023. Five volunteered In more than one prison and 21 15

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 volunteered in more than one stltchlng class. Two volunl8ers facllltat8d community stitching class8S worklng wlth r8cent prlson leavers. In 2024 we revlewed our volunteer strategy wlth the lens on retention and wellbeing. The maln focus polnts were both new volunl•er and r8fresher tralnlng, volunteer management. safeguarding and best practice. Wlth the prfson system more stretched than ever befixe. and people In prlson becoming increasingly isolated. we recogn18ed that many volunteers needing to provid8 moré 8mtional support of slltcher8 than thoy had previously b88n used to or prepared for. We were keen to support volunteers to recognise and manage the vlcarlous stress Ihey m5ght experience when worklng empalhetically with vlctlms ol trauma or inslitutionalisallon. Wilh Ihis in mlnd, we explored opportunllles for externally facililated training lor volunl88rs. In August 2024. Understanding M8nipu18tion - How we gat our needs mel was d8slgned and delivered to a well-atlended and appreciative audience of FCW fronl-llne 8laff and volunteer le8chers by Dr Rachel MarGarlan, a Forenslc P8ychologlsl wlth over 19 Yea￿ of 8xperienc8 in thè se¢lor. We contlnue to work lo identify opporiunilies for learnlng and development of our voluntéers and staff. In 2024 we also established regular r¢fie¢tlve practice sessions for prison volunteers. Facilitated by the Dlrector of Programmes and our Programme Coordinator. we dellv8r8d elght onlln& se8$lons. Attondance at the sesslons Increased steadlly wlth a solkl cor8 group of regular attendoes, •v•ry slilching group was represented across the elght sesslon8. 'For mo, rnlle¢llvo pr8etlce 18 Invaluable. 11 oncourag•8 honest dialogue, sharad leamlng, 8nd helps clarify whai goodpractice and best praclico look like In the prfson settlng,. FCW volunleer This year, ￿ have also worked on the development ol our volunteer newsletter 85 8 means to communicate dlrectly wlth all voiunte¢rs and keep them abreasl of organlsalional developments and good news storles from across our nO￿rk. A more accesslble formal and Informallon sharlng IhroLffjh Smages. dlge8tlbl• data arKI celebrations have resutted In voluntaer8 feèllng more connected wlth the organisation. The Programmes and Production teams worked together to identSfy and pllot Volunteem. a 8olfv•ar8 created exclusively for effectlve volunte8r management. The Introduction of the app will enabla qulcker and clea￿r communlcation between staff and volunteers and VAII unblock Ilnes ol communlcalion to allow for more meaningful interaction between Staff and volunteers. Flnally. we have further 8lrengthened our besi practice by developing FCW Guidellnes for volunteer6 working In secure settlngs whlch has been dislribuled to all volunteers and wovlded a useful template for a similar document for staff. Th8se guidelines. wrlltèn In consultation with tho Board, will be reviewed annually, and, used In ¢onlun¢llon wlth other efforts lo engage with volunteers, are intended to keep our volunleer5 Safe and supported whilst volunleering in prison. Ultlmalely. we want to represent b8St practlce in volunteer management. Thls Is done by our paylng close attention lo developments in th8 Sector. by IlstenSng to and understanding tho experience of our volunteers. and by utlllslng the Inslghts and expertise of our Board and wlder nohyork to Inform bolh organisational policy and practlce. In•prlson workshops It m8k&s a huge positive difference formanyre8sons.' lh8 Opportunity to leam 8nd use such 8 r8ng8 of textil& le¢hnlqua$ 8nd skills.. lo have 8 tranquil haven Irom Iho stmssful prlson oxp&rtenco and havlng the priwleg8 of playlng a part in FCWS support lorprisoners.. FCW workshop stilcher With our recently established part-tlma workshop In HMP Foston Hall and our well-estsblished v￿rkshop in HMP LItAlehey, we supported 105 men and women in workshops during the year. 16

FINE CELLWORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Of Ihe$8, 42 In our workshop In HMP Llttlehey wlth a workforce of 24 al any glven tlme. Sét up 14 years ago, thls full-Ilm8 workshop makes up al l•a$t 80% of the klts stllched In prfson Cells into the final product retumlng over 5,000 products to the Studlo In the year. In addition, the workshop prepared 2,200 néadlopolnt klts, handslilchéd small rang8s of products vA)Ich lend themsefves to a group acllvlty. and produced our whole range of machlne stitched cushlons, lablewaro and giftware. The wlde range of aclivities requlre many skllls and are the anllthesls of the fepetitive tasks of many prison t8xtlle$ workshop$. Taklng on new and varied tasks requires concentrallon, mollvallon and buikls confidence to take on new 8kllls, whlch are importanl allrlbutes to prepare for work post.rel8ase. Our workshop is an ess8ntlal part of th8 soclal 8ntèTprlse and fosters tho workers, appreclatlon of thelr relevance to the wider organi8alion and engagement with the world beyond prison. The nature of the work develop8 thelr ablllty lo work as part ol a leam, broadenlng thelr employablllty skills, Wllh experlenced supervlsors wovlded by the prison to run the workshop, productfvlty and wortshop morale continued to be high. To bulld capacity in our workshops, FCW expanded Its workshop le8m wilh another full-llme m8mb8r ol staff thus allowed tss to provlde more régular vi$lts to this workshop. The Increasad overslght m8ant Ihat more speclfl¢ tralning in specialist productlon technlques Could be delivered and Or￿bled the workshop io lake on more bespoke production. This Included creallng some ol Ihe products from the coats of Ihe Chelsea Pensioners. a complex project that was of particular importance to those in the workshop who had been In the armed seriicès. A longstandlng texllle tutor from FCW provlded more 8Xtenslve Iralnlng io the workshop fortnightly locu$Sng specifically on delivering the OCN'S accredlted unlts of study, wilh 11 units of Study completed In the year. Impact of worklng In our in-prison workshop Fe8dback was also gatheréd from our workshop Slilchers at HMP Llttl8hey, Fourteen worksl)op slltchers relumed the survey, representin9 alm051 hall (47%) of the workshop team al the lime of Ihe suNey. The analys1$ of the survey returns demonslrates that prisoners worklng Sn the workshop d•rive enormou8 $8ti$f8Ction from working with FCW. An atmosphere of productivity where all are treated with respe¢l is much appreciated in the conlext of the stressful prison environment and has become a highly dèsirablè work placement. All Ihe workshop particlpants who responded to thls study were very appreciative of the work ol FCW and of staff who visit and help organlse the workshops, deriving an important sen8e of Community with other workshop stllchers In tha workshop and a sense of ownershlp and pride in being part of the wlder FCW family. Tha alhos of the workshop where Ihey w8r8 actlvely encouraged to suggest Improvements lo the Y￿rkshoP processes was a $our¢e of particular satlsfaction to many. The fact thal the producis are ol Such pr8mium qualty and things of beauty was also a hugo contrast with the prison environment and a source of continuous prSde and burgeonlng self-worth. Perhaps the most Important factor was Ihal the FCW work8hop fell as Close as is possible In prlson to a real V￿rk environment., survey respondents described entering the workshop a5 leaving prlson behind for thè day arKI reconnecting with the oulslde world. Thls gave Ihem r8sllienc8 to cope with Incarceration and motlvated them to plan for their eventual release. Most suNey re$pondenl$ differenliated their experiences in the workshop from th8 rest of their life in prison: seeing it both as an oas1$ of calm where res￿¢1 was both given and recefved and as a place where thelr tlm8 In prlson had a purpose and a connection lo the outslde world. 17

FINE CELLWORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ourpartnership workshop wlth HMPPS At Ihe textile workshop at HMP Foslon Hall. two members of FCW specialist training slaff contlnued to deliver an all￿aY workshop every fortni9hl on a variely of diff8r8nl production methods Including hand slitching and small production runs. To celebrat8 one yèar of the partnershlp. tho Chair of the Board and the Executlve Dlrector vlslted the workshop In August to meet the women and to hand out certlficates of achi8v8mènl for thos8 who had been in the Wofkshop for several sesslon$ and certfficat8s of participation lo newer members of the V￿rkshOp. Two women from the workshop joined our OTG programme In London vA)en Ihey were released Irom prison. In Ihe last quarter of tho year. the turnover of women In Ihe pr180n significantly increased whlch Impacted attendance in the lextile worksI￿p. engagemenl in Ihe workshop went from a few month8 to a few w8eks. Thls meant Ihat In th8 year. the averag8 lenoih of 8noagemenl wlth the programme b6came only 2.5 months. The Increasingly hlgh lumover created a ch8llen9e In getting meaningful outcomes. Tralnlng and producllon had to be adapled each visit to meel a wlde range of sklll levels of a more Iransltory workforce. In mid- November. the prison had lo close the workshop as the 8Up￿4180r running the workshop wa8 on extended slck leav8. By Ihe end of tha year, the workshop was still closed, We wlll r8vl8w the position once th8 workshop reopens and when have the assuranc8 that th8 prlson population is agaln more stable. Rehabllh4tlon Pathway Ind post•releasa support.. Op•n tho Go1•$ (OTG) 'FCW means rehabllit811on. Fcwmeans getting used to working M'th people In differ8nt environments. FCW Is creative. It S 8 place lo focus on your future and dlstractyourselflrom womes and problèms you experience In Ihe oulslde wortd.'_ OTG appranlice Elght years ago, the OTG programme was established to support prisoners posl•relé8$e al the Clothworkers, Studlo In Batter8ea. During that time, we have supported 104 prison leavers. Over 75Y• of these prison leavers (who refer lo as apprenllcesl had received senlenGes ol four years or more. with many havlng complex offendlng hlstorles and support needs. In many instances, thi3 8UPPOrt Can take vffjll over a year; for a few thls can take over 18 months. The average length on the programme is 11 monlhs Involving an average of 440 hours of individual Iralnlng and support. The success of Ihls bespoke approach is that Ihis year 50% of our graduates moved into employment or further tertiary Iraining. The Studio continued to be a thriving. productive workpla¢e wlth an elhos of inclusion. consullallon and co- operation. offering a wlde range of roles and re5pon5ibilities to match Indivldual sklll sets. We deliver Indlvldual support to those who are experi8ncing the most barflefs to accessing employm8nl and othar S8Nices, some of th8 mosl marglnallsed paople In Ihe community. We maintained our focus on work 8xperience. employment. education and tialnlng wlth all apprentices undertaking elèmenls of W￿kshoP production, warehouslng, stock managemenl and dispatch. The support provided by apprentlces, fadlltatlon of sales and product managemenl, as bvell as warehousing, and dlspatch was key to the running Ihe logistics of th8 social entarprise in the Studio. Textiles production Included machining, new product sampl8s, simp18 upholstery and worklng on commissions. Sittlng alongsldo thls work experience Is trainlng of soft skllls In Ihe workplace including timekeeping. boundaries, working in a leam. participation in meetings and service user forums. problem solving. working to targets and deadlines: all skllls that further support successful reintegralion inlo society. ID total, 15 units of study accredited by OCN wer8 successfully completed by apprentices in the year. who received fornial certificates of achiev8m8nt In a wlde range of dlsclplines: Warehousing and Dlspatch. Digital 18

FINE CELL WORK (UMITEO BY GUARANTEE) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Embroldery. aulll Making, Machin8 Stitched Soft Fumlshlngs. Hand Stitching T8chnlqu8s, and Peer Teaching. Service user engagem8nl remalned o key focus. The Board Advisory Group enabled the Board and the broader organlsatlon to bèneflt from our service users. Ilved exparlen¢e and insights and to advlse Ihe Board on vAder organlsallonal areas and opportunltles. Bl-monlhly 8ervl¢e user invofvernent meelln98 gave all current appwentices a forum to develop and 8hape Ihe seDiic8 we provldé and build their commitment to the organlsatlon. We conllnued to offer a fortnlghtly craft Club to enable a regular soclal oprx)rtunty for both currenl apprentlces and graduate8 of Ihe programme. Thls ha$ the advantage of a regular 'ch8ck-In' lor those Ihal may be Slruggling and need further 8UPPOrt. Trips lo an exhibition by The Chelsea Pensioners, and to the Koestler Exhlblllon encouraged social integratlon and 8hared Interest. Staff and extamal providers facllltated 34 workshop8 lo broaden apprentlces, re8111ence, 8kllL8, and aptitude to acquire new ski113. These sessions were deslgned to build employment confidence and preparallon for work and covered subjects a8 diverse as CV and covèr letter wrlllng. disclosure of offendlng hlstory, eornmunirAlion. basic upholslery, dlgltal embroldery, lampshade maklng and underslanding sewing pattems. Th? Engagement and Support Officer dellvered regulai one lo one sessions with apprentlces who needed more personalised support wlth resoltlomont and proparatlon for employmenl, vocational Iralnlng and volunte8rlng. Apprentlce$ Supported iwo Opon Days at the Studlo vA)ore the focus was on buildlng partn?r8hlp$ with other organisations working in the $e¢tor to encourage referrals onto the programme. Attendees represented 1 S exlstlng and new referral partnets Including sector ¢harltle6, proballon. prlsong and communlty organlsations. In the year. eSghl apprentl¢e8 graduated., one moved Inlo employment and three Into further vocational Irainlng. Three apprentlc88 dlsengaged due to challenges they oncountered with ellher thelr h6atth. motivation. or historic substance use, and two app￿ntic•S were recalled for breachlng licence condillons. No one on the programme reoffended. THE SOCIAL ENTERPRISE, COMMUNICATIONS AND FUNDRAISING Incom• from Tradlng In 2024, earned In¢ome across all channels wa5 £363.049. up 18% on Income from thi5 source In 2023 of £307.060. Earned Income 18 broken down into income from the sale of the prison-made products and incom8 from prisons paying a rK)mlnal f80 per plac8 In each c811 group. Income from $8les was £324,236. en increase of 7% on the previous year. Income derived from prisons where FCW dellvers its sepiices was £38,813. considerably more than Ihe £4,000 from this sourc8 in 2023. As reported last y6ar there were issues around delays In payment from the prlson servlce and a mlsmatch in fiscal years between them and FCW. In 2024 these issues were addr8ss8d and a much better information flow with the prisons enabled us to Involce outstanding sums from 2023 and th8 sums due for 2024. Wè expect fuluro yoar on year sums will be more consistent. 19

FINE CELL WORK ILIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Sales by ch•nnel Trading income in th8 yéar contlnuad Its steady increase of the last Iwo years wilh grovl(h across several categories: net revenue from embroidered cushions in¢rea8ed by 14% at £75,51)O and needlepoint cushions by 44•A at £38,000. The majority of new launches were 8mbroidery cushions, due lo strong8f demand from slltchews. Sales of both embroidered and n8ed18polnt cushions benefitted from Improved slo¢k availabillty across the range. Embroldered githvar8 and n8edlepolnt giflware Categorles also saw growth,. net revenue from embroidered gifts grew to £60,700. an Increase of 30%, and needlepoint gifhvare grew to £18.500, a 17°A Increase. Online Online and event sales as a Yo of trading 2019-2024 400000 3SOO 300000 25CWO 2001))0 Isoooo Icwoo 50000 2019 2020 2021 2022 2023 2024 IWITolal Sales Online Sales ￿Eve￿IS Sale5 Revenu8 g6n8rated directly through the webslle accounted for 55% of total sales. After the slight dip In onllne sales last year. It was gratlfylng lo see sales via the webslte gr¢>w to £171,052 In 2024, an increase of on 2023, bucklng Ihe general trend of decllne across the retall sector, Our av8r8ge ordor v8lu8 was 10% hlghor than in 2023. Ev&nt8 The total revenue generated by evenls in the year was £80.000, accounting for 25% of net sales. double the amount from Ihis source In 2023. In March we launched 8 new Inltlatlve, an in-parson Studlo Sale raising £11,500 8t a tradltlon8lly quiot lime of the trading year. In August, were given our thlrd popup space In Peter Jones, Sloane Square. As well as generatlng £7,300 in sales. the prlme ground-floor location gave us fantasllc opportunlly to Introduce our slilchers, work to a wide range of polentlal customers. Our blggest- ever house 58le in Suffolk In September. followed by the Colswold Christmas Fair and our annual Christmas event 8t st Peter's in Notting Hlll, regullad in the record sale8 from event5. Retail partnershlps and commlssions Trading income from retailer partnershlps ralsed £10.800. down on £34.500 In 2023. a¢¢ounling for 3.5% of trading income. Of this lolal. £5.800 cam6 from our partnership wlth Royal Chelsea Hospital with much larger orders planned for 2025, wlth the balance from ongolng sales of needlepoint cushions lo interior d8si9ners 20

FINE CELLWORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 and retallers. Pentrealh & Hall, Commlsslons salos al £30,700 were down on the £52.800 Involced In 2023, a year wh8re there had be8n th8 compl8tlon of several long-term proJe¢ts. Product launches & hlghllqhls Catalogue sales (sales of all FCW products loss commissions) in the year amounted to £260,2(X). an Increase of 1 OQA from 2023. Durlng Ihe year, we launched 33 new products. Generatlng a total revenue of £29,IXIO. new designs accounted for 11 Vo of total catalogue Sales, down from new products launched in 2023 which accounted for 17% 01 c818109ue sales. Sales of existing product Iln8s were strong. bolstored by better stock avallablllty and supported by backllst promollonal athlty on email and social media. LlmSted-edillon launches of 8mall productlon Nns of unique, one￿ff products. supported by more d8tai18d photography to accompany e.newslotter and soc181 mèdla promollon$. wero a succ8ssful new eni8rprlse. Not only dld they glve 8lit¢her8 the opportunity lo showcase Iheir creativity, but the producl3 801d out within 48 hours from launch, New products included the Cottage Cushlon8. a deslgn based on 8 traditional country dwelllng, and the Pahang Qullled Bags and Purses range. a collecuon curated and stitched from sllks woven in Malaysian pri$ons. New d8slgn collaboratlons wlth tmstee Kil Kemp, Kn8pp Rawlldlng and Wllllam Yooward ¢roal6d a varlety of multl-skllled. interesting work for our stllchers and were popular with customers. Embroldered and needlepoint bags, a relatively unexplored ¢ateg0ry for FCW, Sold well with demand almost always ex¢eeded supply. Salas of Christmas decoralions lotalling £40,200 were up by almost 50¥0 on 2023. The 2024's limited edition han&embroldered Baklng Bear d￿OratIOn. relea8ed at the end ol October. wa$ our best8elllng product by value, and third bestS811ing by volum8, generating over £5.000 ot revenue via 249 unil$ sokl - 2￿) of these wlthln a fortnlght of launch. Commlsslons 2024 saw Ihe ¢ompletion of a vari•ly of commiy$ion projects. Two largo scale ombroldery artworks designed and ¢ommlsgloned by Comelia Parker featuring embroidered text on both sldes of Ihe fabrlc were the mo81 ¢omplex and challenglng. offerlng the opportunlly for development amongst our most advanced stbtchers. A Collection of arNYork$ w8$ Completed for our long-standing partner, Carollna Mauolari, which leatured the artists creative interpretation of a herrlngbone stitch. The ffimmissions offered a new perspectlve on ¢realive explorallon to our slllch8rs. who usually work with very speciflc lechnlcal param8t8rg. Dlgllal embroldery prole¢ts were complelod for Ix)Ih Leeds Castle and Emma Thompson, provldlng vilal woik ft)r m8¢hinists in our produclion workshop. In the workshop they also worked on 8 highly det8il8d coal of arms for The Brod8rers' Livery Company. The artlsl Polly Borland commlssloned us to creale large 8¢ale needlepolnt artworks of Queen Ellzabeth11, which included over foriy diff8r8nt colours. Our ecclesia8ti¢al projeds are also a key aspect of our commlsslons work, and In 2024 we completed Iwo kneelers for St Mary's Sloane Square fe8turlng a design inspired by the seven sacraments. Several commissions are ongoing and wlll be ¢ompl¢tsd in 2025. The Charleston Trust who the hlstoric counlry residence of The Bkjomsbury Group, commlssloned u5 to produce four facslmlles of legacy needlepoint ariworks from the house. A complex projecl funded by The Mer¢ers Foundation. il has Involved colour matchlng, chartlng, hand dyelng wools, ¢￿aling instructions, and reproduclng the deslgns. emulaling the creative approach of the original makers. Kits for three Iwo-melre kneelers for St Luke's Church in Chelsea, designed by us and insplred by Iconography from Iho Interior of the church, are about to be put In producllon In prlson ready for delivery in late 2025. 21

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnally a Llvery Company has commlssioned us to create 200 n8edlepolnt decorations featuring a symbollc figure from Ihe Lfvery's hlstory lo be deliver•d mid-2025. Communlcatlons Thmugh •v•nts With 8 challenging fundraising environment, the focus in 2024 wo3 to ensure that our messaglng to rassa fvnds was cl8ar and Ilmely. To th58 end. we Identlfied opportunllles to Incroaso our visibility and crediblllty, ra16ing awareness about the lack of rehabllllatlon and the realltles of release as we presented our unlque and effecllvè 8olulion. Publlc perception Can Shift whon people are made awar8 of the challenges alon9$ido being told aboul tho positive impact our programmes had. Th8 opportunity for th8se issu8S to b8 dlscussed came from: A sl)ortfilm about FCW produc8d by the Ministry of Justice, The video, faaturing FCW stitcher8, apprentlcès. volunt8•rs. staff and tru$l•ès, was uploaded to thelr YouTube channel In March, and is still their most walched video of all tlme. wlth ov8r 70k vlews. Our Patron Tracy Chev8ller and Exe¢ullve Direclor givin9 a talk followed by a Q&A lo a large audlence at Sheffleld Museum on The Power of Stilching in Prison. The Sleep Quill and our William Morris range were part of the year-long Head and He8rt.' Ruskln Collecllon exhibition al the Museum. Win¢h8Ster Law Week, where our Cell Qullt was on dlsplay In Wlnchester Cathedral and th8Calching the Chaln8xhlbltlon St Albans Musèum where our IconlcPrlson Calendar needlepolnl was featured. Both exhibitions allowed us to both showcase our wlder product range and 8ngage vi8ltors. Talks to guests at all events by apprentlces. volunteers and the Executive Director on the stalè of the sector and the posltlve Impact of our work on rebulldlng Independent, crlme-frea Ilves Publl¢lty Interest from the medla In our Innovatlve programme dellvery conllnued. This Included features In Sky Nows and LBC radlo, later syndlcaled to Caplt81 Radlo and Classic FM on our respon8e to lopirAI, political issues in criminal juslice, a lead feature with stunning, original photography in M¢Ye or Less magazine and the inclusion in the Financial Times, How lo Glve It thls Sprlng? - on a meanlnglul way of glving baGk by buylng gifts wilh soclal Impacl. Other artlcles fealurlng ourwork Included Inherited- an e•magazine produced by the Brltlsh Antlque Dealers, Association and The T8xlila Eye, a special Trade Show Report which provldes In$ighl8 for inspired designers. Website We contlnued to bulld on Ihe strong foundatlons lald by our work with the digital m8rk8tlng agency In 2023, rolling out improvements in functlonallty and updaling our produd page templates to inGlude more dynam1¢ ¢ross-m8rchandlslng and up-selling opportunities. We added a function for customers to add an opllonal donation at checkoul which raised £4,500 In donallons slnce Its Implemén18tion in Augusl. Onllne newsletter We continued to S8nd weekly ewmail newsletters to our subscriber bas8, which saw modest net subscrlber growth of 7Yo over Ihe year. Our open rates and click-lhrough rates remained consistently hlgh {over 50% open rate and a cllck Ihrough rate of 50A), wlth the total revenue attributed from newsletters increasing by 130A compared lo 2023. While the majority of campaigns were focused on driving e-commercè sales for the s￿la1 enterprise. our dèsigns ond stltchers, WO￿ were presented wlthln a narratlve hlghllghling thelr importance to Ihe charily. Additional campaigns included gamering support for the Big Give campaign in 22

FINE CELLWORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 December, giving voice5 lo Ihe slorles and experlences of our stitchers and apprentiC8s, and shlnlng a Ilght on the hard work of our volunteers. Soclal medla Whilst our social media content stralagy conllnued lo be led by Instagram, w6 cross-posted the majorlty to our Facel)ook. Linkedln and X accounts. and also eslabllshed a presence on TikTok. Our posts supporting our product laun¢h and promotlon schedule were highlighted by vastly improved photography and messaglng. Our overall posting strategy contlnued to represenl the many facets of the Charty as we slrove to create a balance of content encompasslng Ihe breadth of our organisatlon. drlvlng awareness of our work and progr8mme8. encouraging donatlons, supportlng recrultment of stsff and volunteers. and giving a voic8 lo our in-pri8on 8tltchers and OTG apprentices. Fundral8lng Wilh 25% of our In¢ome coming from the social enlerprlse. the charlty need8 to fundr8i88 for the balance. Our recent l¢xus lo dlverslfy our fundlng Streams to Incr•asè our finaneial resilience, is refiected b810w. Fundr•I￿nI •nd $•lllng through •v•nt8 Our maln priority, alongside ￿lSIng much•needed income, was to raise awar8n888 of the Imp8cI ol our wo￿, to steward exi$tOng Supportérs while cultivating new people. Our Ilrst event early in Q1, A Night ol Words and Music.. Celebraling Hope and Freed¢yn, was supported by actors Sinéad Cusack, Simon Callow and Wlll Keen, aulhor and playwright Esther Freud, rewlldlng ploneer and author Isab8lla Tre8 wilh music fiom the Zlelinskl Quartet and Soul Sanctuary G08pel clK>ir and ￿mpèred by former Shakespeare's Globe Artistic Dlreclor Domlnic Dromgoole, The evenin9 enabled us lo re¢onne¢l wllh past supporlers, to highllghl and Celebrale Ihe tharity's rich beglnnlngs and ¢0 ailract new Supporiers wilh 50% of ticket sales to new contacls. With the support ol Bank of America. we Invlted 20 current and potential 8UPPOrters to a curated private view of the exhibition Unravel.. The Power and PollllGs ol Textiles In Art at the Barblcan. Thls led to one donor increasing Ihelr monthly giving and the recelpt of a new multl-year grant {£20,000 a year over 2 y•arsl, Our house sale in Suffolk not only ralsed 35°h of sales income from events bul new don0￿ were also Introduced lo our work, Further opportunilies for sales and fundraising Included a champagne reoeplion hosted by ihe Tallow Chandlers. Llvery Company In thelr hi8torl¢ hall in October. Fundralslng wlth major donors aml corporal•s The total raised ffom major donors and corpof818s in 2024 was £309,212. There was a strong start to the year with tha Bank of Amerlca agreelng to ¢ontlnue thelr support of our post release programme wilh donallon of US$50.000 In Febwary. In March. as a result of an ongolng relallonshlp wllh a major donor through Ihelr weallh manager, we recelved £75,000. our largesl donation from an individual. FCW Champions, our regular givlng campalgn, ralsed over £20,750 durlng the year- a significant Increase from the £15.¢JOO from thls source in 2023. With donations ranglng from £5 a month to £2.000 par annum, 56 different donors contributed. While events ar8 eff8CtiV8 for stewardship and to raise awareness of th8 impact of our work. in th8 current fundralslng dlmat8.11 Is provlng more ¢hallenging io attract large donations from events, Fundralslng appeals are n¢)w proving to be more successful. At Ihe end of 2021 and 2023 we ran two successful appeals. As a variation on this approach, this year we took part in The Big Give's Chrislmas Challenge for the first timo. Wllh our target for the campaign a cautious £10.000. donations were Inltlally funded by a prelimlnary appeal to our supporters which were then matched by our Champlon at the Big Give, the Monday Charitable Twst. 23

FINE CELL WORK (UMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We reached our larget In less than 24 h￿rS and wenl on lo ralse over £41.000 by the end of Ihe Campaign. Thls included a donatlon to the fund of £15,000 from the d8 Lazslo Trust, an eslabllsh8d regular donor. Fundralslng from grants In 2024 FCW recelved £635.819 from grants from Trusts and Four¥JatSons. a very substantlal 28% increas8 on the previous year. This in part reflecled tha loyally of many longgtsnding funders. to whom we are enormously gratelul. These Included: the Drapers Llvery Company and th• Philip King Trust. who renewed thalr support wlth multi- year pledges, the Clolhworkers Foundation. the John Murray Trust. Ihe de Las210 Foundalion. the Sommer8. Ihe Brothers,, the Hadrlan, 1772. Jack Lane. WA Cadbury, Farrlngdon and Radcliffe Trusts as well as the Clothworkers Foundation, who all renewed Ihelr support wlth one-year grants. grants lowards expanding and extendlng our worf( from the Henry Oldfield Tru51, Ihe MIVA Foundation and the Merchant Taylors Charlty, ongolng, mulll-year grants from the Considered Ask Trust, the Adrlan Swlre Trust. CHK Charille8. the John Armilage Trust, the City Bridge and Ihe Charles Hayward. Peter Stebbings, El8anor Rathbone. Rothschild and Hènry Smlth Charllles, The Aldo Trust. the Ancaster Tru$l. the Broderers and Upholderers Llvery Companles, the Jam88 Roll Trust. Ml¢h8el Varah Memorial Fund, Anc8Ster Trust, Noedlemakèr8 Livory Company and the Taurus Trust contlnued to 8UPPOrt us wlth annual granls, grants from new funders, tho Hoty Sociéty of Jasus. the McGrath Trust. Ihe Aurum Trust. the Leigh Trusl and the Cedar Trust. PRINCIPLE RISKS AND UNCERTAINTIES U8lng a comprehonsive Risk Register, the Twstees regularly assess Ihe major rlsks to whlch the charity 1$ exposed, and $yst8m$ est8blished to manaoe and mltlgate those rlsk8. Key areas that undergo risk as888sm8nt are currently thre8t8 to rev8nue, worklng in tha communty, working in prlsons (partlcularfy wlth the Current staff Shortages across Ihe eslale and the prlson eApaclly feslralnts), staff-related rlsks and IT inffaslructure risks. The risk of a drop in external lundlng Is mltlgaled by a straleglc plan to Increase FCW'S sustalnablllty through product sales, new fundlng sources and increased funding resources. The rèsenies pollcy $ook$ to retaln sufficlent funds to cover any short-term fundlng1088es. Internal Control risks are minimised by procedures for Ihe aulhorisalion of transactions and projec15. Rlsk wlth Ihe OTG post-release programme is mitigated by buildlng relationsh5ps wlth probatlon and other organisations wotking with prlson leavers and the support of a trustee who has several year8. experience working in prison and in HMPPS providing expertise and knowledge to both th8 Bo8rd and th8 senior management team. The risk of working in prisons is ￿f01￿. The rlsk to volunteers working In prisons is mitigated by ongolng and Increasing tralning by FCW staff and external professionals lo enhance their resilience and knowledge, and also by working with prisons to ensure a safe environmenl for our volunteers. The criminal justice system itself is also a challenge with the strain on prison capacity driving high-level and frequ8nt chang8 to prlson and probatSon pollcies and increased prisoner movement wlthln the eslato. Currently stafflng levels of front- line prlson and probation officers Is ol ¢on¢em as this Could affed prisons. abilty lo accommodate our volunteers and activities. This is mltigated by working wilh the trustees, professionals in the fleld and other prlson charities to ensure an understandlng of the overall prlson environmenl. In order lo be more embedded in the prison eslale, we Gonlinued to build a closer working relationship with HMPPS. 24

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Staff rlsks relate to the retenllon of key members of staff, staff recruitment and staff safety. To miligate these risks, salary reviews, building staff r85ilienc8, encouraging and supporting slaff training. and strict polia8s governlng working wlth prlson leavers In the ¢harily'S premlses are In place. Increasing the focus on staff wellbeing, team bulldlng and personal development has been a feature of the year. and thls will be built on in fvlure. Organisalional fevlews lake place regularly lo ensure that the most approprlale staff structUf8 Is In place to support the work of tha charlty and the resilience of team m8mb8rs. IT Infrastructure rlsk assessment covers key databases, such as our supportèr databasè and Informatlon on the server and Indudes back-up protocols to recover and restor8 lost data should any loss occur. FCWS Employerfs Liability, Public Liability, slock, buildlngs, office contenls. terfofism and business Intemiptlon insurance pollcles further mlnlmlso th& financlal rlsks to the charity. The charity has approprfato health and safety and safeguarding policies in place. FINANCJAL REVIEW In 2024. FCW'S total Incomlng resources were £1,322.426 up 14.7% on the pr8vlous year. Donatlons and grant Income were up 13.50/0 on 2023. Income from the sale of prison8rs' work was up 7% on 2023. RESERVES POLICY The Tw$tee$ have e8tabll8hed a policy whor•by Ihe unrestricted lunds not commltted In tanglble a88els held by the charily should be maintained at a level of four to 81x months of budgeted exppndilure, cuwrently equal to £536.514 for SIX months In general funds. At this level. Ihe Trustees feel they VK*uld be able to continu• the Current a¢tlvities of the charty in the evanl of a signlficant drop In fundlng or other changed clrcumstances. It remalns a core alm to bulld and malntaln FCW'8 unreslri¢led reserves at this level, At the end of 2024 FCW participated in Tha 810 Glve fundralslng Inltlatlve. Thls ralged £41.100 and Ihe Trustee8 have r8801ved lo deslgnate Ihls sum to be used in 2025 to bulld stitcher numbers In prlson. There Is also a separate designated reserve 8qual to th8 value of the charity's fixed as8at net book value is retained. This is in accordance wlth current best practlce. Total reserves at the year end were £817.595 {2023 £787.062) of whlch £28,000 were ￿StrICted(2023 £16,100). £69.048 were deslgnated (2023 £27,532) and £720,547 unrestricted 12023 £743.430>. Free reserves at year end were £720,547 (2023 £743,430). CORPORATE AND SOCIAL RESPONSIBILITY FCW has set the goal of going beyond ts charitable mission in order to make poslllve conlrlbullons to the vAder communlty, our stakeholdors and socSety, We alm to achiwe this by: Providlng sustainable outcomes for our beneficiaries and society as 8 who18, leadlng to lower level$ of reoffending and enabling benefiGiarie5 to lead crime free lives Working with HMPPS to support their efforts to offer purposeful, rehabilltative work in prison and provSde opportunllles and posltlve pathways post-relea$e Minimising our impact on the environment by sourcing ethical, sustainable and upcyclng materials ere possible for the rnaking of our products and encouraging green initiatives within lh8 organlsatlon Including re¢ycllng and altematives to Car usage 25

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Providing SUPPOrt, wellbeing and development programmes for our staff to nurtura them and provide opportunltles and resilience in their day-to-day work. We are accr8dit8d Living Wage Foundation employers Ensurlng that are financially sustalnable Havlng a posilive impact on the lives of our volunte8rs and support them to d•liver our programmes Developing a posilive relalionship with suppliers Includlng prompt payment Seeking to improve our governance and Iransparency to enable the communlty lo undersland our rnisslon and our posltlve outcomes. STATEMENT OF TRUSTEES, RESPONSIBILITIES The tnjslees are r88ponsible for keeping adequate accountlng records that disclose wlth Masonablo accuracy at any lime the flnanclal posillon of the Charity and enable Ihem to ensure that the accounts comply wlth the Companles Act 2006. They are also responslble for safeguardlng the a8381$ ol the charity arml hence lor taking reasonable steps for the prevenllon and detection of fraud and other irregularltie8. The trustees, who are also the directors of FCW for Ihe purpose of company law, ale responslble for preparing ihe Trustees, Report and the financlal statements in accordance with applicable law and United Kingdom Accounllng Standards (United Kingdom Generally Accepted Accounling Practice), Including Financial Reporting Standard 102 'Th8 Flnanclal Roportlng Standard in the UK and Republ1¢ of Iroland,. Company18w requlr88 Ihe truslees lo piepare financlal slalements for each flnanclal year whlch glve a true and lair view ot Ihe state of affaSrs of the charlly and ol th8 incoming resources and appllcatlon of rosources, including the income and expenditure, of the charitabl8 company for thal year. In preparlng these financial statements, the trustees are requlred to: select sullable accountlng policles and Ihen apply them consl8tenlty: ¢bserve the melhods and prlnclpl88 In tha Charltles SORP; make judgements and e8timales thet are reasonable and prudent: and prepare the finan¢lal slatements on the going concern basls unl8&8 il Is Inappfoprlat6 to presume that the charity wlll continue in operation. On behaw of Ihe Board of Trustees fer Rademaker (Chalr) 17/0G /39 Dale 26

FINE CELL WORK {LIMITED BY GUARANTEE) REPORT OF THE INDEPENDEKf AUDITORS TO THE MEMBERS OF FINE CELLWORK We have audited the financlal st818ments of FINE CELL WORK Ithe'charllable ¢ompany') fof the year ended 31 D8C8mber 2024 whlch Comprise the Statement of Finan¢lal A¢livities, the Balance sheet. the Statèment of ¢ash Ilows and the relaled notes, including 8 summary of s3nlficant accountlng policies. The financial reporting framework that has been applied In Ihelr pr8parallon Is applicable law and Unlled Kingdom Accountlng Standards. including Financial Reportlng Standard 102 The Flnandal Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practlco). In our oplnlon Ihe flnanclal stalernents; giv& true and falr vlew of the state of tha charltable company's affairs as at 31 December 2024 and of Its Incomlng resources and appllcation of resources, includlng It$ Income and expendilure for Ihe yeaf have been properly proparod in accordan¢e with United Kingdom Generally Accepted Accounting Practice., and have been prepared In accordance wlth Ihe requlrements of the Companles Act 2006. Ba818 for oplnlon We conducted our audll In accordance with Internatlonal Standards on Audltlng (UK) {ISA$ IUKII and appllcable law. Our r8sponslbllltles under those standards are further described In the Auditors re$pon$ibiliti•s for the audit of the financial slalements seclion of our report. We are independent of th8 charitable company charity in accorilance wlth the ethical requir8m8nt8 that are relevant lo our audlt of the financlal statemenls in the UK. Includlng lh• Financial Roportlng Coun¢ll's Elhical Slandard, and we have fulfilléd our other elhlcal responsibilities in accordance with these requirements. W8 believe that the audit evidence we have oblalned Is sufflclenl and approprfate lo piovlde a ba8is lor our oplnlon. Con¢lu8lon$ r•latlng to golng ¢on¢•rn In audltlng the financlal statements, we have concluded that the Trustees, use of the golng concem basls of accounlln9 in the preparalion of the flnanclal statemenls is approprlate. Based on the work we have perf0M￿d, we havo not Idenllfled any materlal uncertaintles relating lo events or conditlons thal, Indivldualty or collectlvely, may cast sJnlflcant doubt on the charity's ablllty to continue as a going concèm for a period of al18asl twelve months from when Ihe financial slatemenls are aulhorised f¢r Issue. Our responsibilikn'es and the r8spon8lbllltios ol the Trustees wllh respeci to going concein are de￿rfbed In the relevant sectlons of Ihls report. other Infomiatlon Th8 Irusl88s are responsible for the other Infomiatlon. The olher informallon comprises the Informatlon included in the govemors, annual report, other than the financlal statements and our audllor'8 report thereon. Our opinion on Ihe financial st818ments doe$ nol cover Ihe other informatlon and, except to the exlent otherwise explicitly stated In our report, we do nol express any form of assurance conclusSon Ihereon. In connection wllh our audlt of the financial slalem8nt8. our responsibility is to read the other Infomlation and. In dolng so, consider whether the other Information is malewially inconsistenl wilh the fin8ncial statements or our knowledge obtained in the audit or othenwise appears to be malerially misstsl8d. If we Idenllfy such malerial inconsistenoies or apparenl material mlsstatemenls, we are required to determlne whelher there Is a material misslatemenl In the financial statements or a materlal mlsstatement of the olher informalion. If, based on the work we have perfonned, we conclude that there is 8 material misstatement of this other information. we are r8quir8d to report that fact. We have nothing to report in this regard. 27

FINE CELLWORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS (CONnNUED) TO THE MEMBERS OF FINE CELL WORK Oplnlons on oth•r mattèrs pmscrlbed by the Companles Act 2006 In our oplnlon. based on the work undertaken In the course of the audit: the InfO￿natIon given in the twstees, report (incorporating the directors, report) for Ihe financial year for whlch the financlal st8tements are prepared Is consistent wlth th8 financial statements,. and tho truste•s' r•port (incorporaling tho dlrectors, report) hav8 been pr6pared In a¢cordan¢e wilh applicable legal requlrements. Matters on whlch we are requlred to roport by èxuptlon In the Ilght of our knowledge and understanding of Ihe charitable company and Its envlronment obtalned in the course of the audit, we have not identified malerial mlsstatements In th8 Iruslees. reporl (Incorporating th8 dlr8ctor8' r8port). We have nothing lo report in respect of the following matters in relalion to which the Companles A¢1 2006 requlres us lo report to you If, In our oplnlon: adequaté accounting records have not bo8n kept by the charltabl8 company, or r6tum8 adequate for our audll have not been recelved from branches nol vislted by us- or the charitable company financl818latemenls are not In agreement with the accountlng records and r8turns: or certaln dlsclosures of dlre¢lors' ￿Muneration $pe¢ified by law are nol made,. or we have not received all Ihe information and explanalions we require lor our audlt., or th8 Truste88 Warn not 8ntitled lo prepare the Ilnanclal statemen1& in accordance with the small companles regSme and tako advanlago of Iho small companies, exemplions In preparlng lh8 trustees, Report and from Ihe requlrement lo pr8pare a Strategi¢ Report. Re8ponBlbllltle8 of th• Irust••B As explalned more fully In the truslees. responslbililies slatemenl, Ihe trustees (who are also the dlrector$ of the charitab18 company for lh8 purposes of company18w) are responslble for the preparatlon of the financlal statement8 and for beSng sallsfled that they give a true and fair view, and lor such Internal control as Ihe tTU5tees determine is necessary to enable the preparation of financlal statements that are free from material mlsstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responslble for assessing the charitable Gompany's abilty to continue as a going concem. disclosing. as 8pplicable, mallers r818ted to golng con¢em and using the going concern basls of accounllng unl8ss the truste8s eithèr Intend to liquldate lh6 Charitable company or to cease operations. or have no realistic alternative but to do so. Audllor'8 r•spon8lbllltl•8 for th• audlt of tho flnanclal statements Our objectives are to obtain reasonable assuwance about whether the financial statem8nis as a whol8 ar6 free from materSal rnisstatement. whether due to fraud or error. and to issue an Auditor's report that Includ&s our opinion. Reasonable assurance is a hlgh level of assuranc8, but Is not a guarantee that an audlt conducted in accordance wlth ISAS (UK) will alway$ detect a material misslalement when it exists. Misstatem8nts can arise from fraud or error and are considered material If, Indlvidually or in th8 aggTegate. they could reasonably b8 expected to Influence the economic decisions of users taken on Ihe basls of these financial statements. Because of the Inherent limllations of an audit. Ihere is a risk that we will not detect all Irregularltles, Including those leading to a materlal misstatement In the financlal statements or non-¢omplian¢e with regulalion. Thls risk increases Ihe more thal complianc8 With a law or ragulalion is r8moved from thè èvents and transaclions reflected in th8 financial statemenls, as we will be less likely lo became aware of instsn¢es of non- compllance. 28

FINE CELLWORK (LIMITEO BY GUAlkANTEE) REPORT OF THE INDEPENDENT AUDITORS (CONTINUED) TO THE MEMBERS OF FINE CELL WORK The rlsk Is also greater regardlng irregulaiiti8s occurring due to fraud rather than 8rror. as fraud Involvas Inlenlional concealmenl. forgery. colluslon. oml$slon or mlsrepr•s•ntation. The speclfic procedures for this engagement that we deslgn8d and perfomed to detecl material mlsstatemenls In respect of Irregularltles, including fraud. wer8 as follows: Enqulry of managemenl and those charged wlth govamance around aclual and polentlal Illlgalion and claims; Enquiry of management and those ch8rg8d wlth governance to Identify any mal8rial instances of non-compliance wlth laws and regulallons; Revlewing financlal statement dSs¢losures and testlrva to supportlng documentation lo assess compliance with applicable laws and regulatlon8', P8rtom)Ing audlt V￿rk lo address tha risk of irregularities dua to management ov6rride of conlrols, includlng testing ol journal entries and other adjuslmenls for approprialeness, evaluating th8 buslne8s ratlonale of slgnifKanl transaclion5 oulslde Ihe nonnal course of business and r8vlewlng accounting estimates for 8vldenc8 of blas. A further descripllon of our re8ponsibiliti8s lor the audlt of Ihe financlal 8tatem8nts is locat8d on the Flnan¢ial Reporting Council's webslle at: VAWW.frc.org.ukJaudilorsrespon$ibilities. Thls d88ulptlon forms part of our Audilo¢s report. U80 of our rep¢)rt Thls roport 1$ mado $ol•ly lo tho charitable company's members, as a body. in accordance with Chapter 3 of Parl 16 of the Companles Act 2006. Our audil work has been undertaken 80 that we might state lo the charitable company's member$ those matters we are required to stale lo them in an audilor's reporl arKI for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslbility to anyone other than the charflable company and the Charilable company'8 members as a body, for our audll work. f¢r thi8 report, or for the opinions we have formed. Alexander Poal Bsc (Hons) FCA DChA (Senior Statutory Audltor) for and on behalfof James Cowper Kreston Audit Date 8th Floor Raading Bridge House George Street Reading RG18LS 29

FINE CELL WORK {UMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME & EXPENDITURE ACCOUNT> FOR THE YEAR ENDED 31 DECEMBER 2024 Notes rostr1￿0￿ Restrfcted Daslgnatèd Funds Funds Funds Total 2024 Total 2023 Donallons and grants Charltable acllvltles Investment In¢orne 464,112 363,049 14.346 439,519 41,400 94S,031 363.049 14,346 832,607 307,060 12,881 Tolal Incom• 841.507 439,519 41,400 1,322,428 1,152.548 Cost of Ralsing Fund8 Charftabl? actlvltl•s Prlsoner Trainlng & Support 202,971 202,971 197,361 661.303 427,619 1.088,922 985,172 Total •xp•ndltur• 884,274 427.619 41,400 1,291.893 1,182,533 N•t In¢om•l(•xp•ndltur•) 122,767) 11.900 41,400 30,533 (29,985) Transfer belw•én funds (316) 316 Fund balances at 1 January 2024 743,430 16,100 27,532 787,062 817.047 Fund balanc•8 at 31 0*￿Mb¢r 2024 720.347 28,000 69,248 817,595 787.062 All 8Ctlvitles of Ihe charity are dassified as continuing. There are no other reGognl8ed gains or losses other than those reported on the Statement of Flnanclal Aclivities. Thè nolès on pages 33 lo 49 fomi parl of these accounts. 30

FINE CELL WORK (UMITED B Y GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2024 Not•s 2024 2023 Flxod a880ts Tanglble assets 27,847 27,532 27.847 27,532 Current as8•ts Slocks Dobtors Cash at bank and in hand 221.540 70.148 571,439 199,006 62,894 562.015 10 863,127 12,500 823,915 12.5fA) Non4urr•nt a88•t8 Cr•dltor$: amounts falllng due wllhln on• y•ar 11 (85,879) (76.885) Net curront ass•t8 789,748 759.530 Tolal as$•ts1•88 ¢urr•nt Ilabllltlos 817,595 787.062 In¢om• funds Roglricted funds De$lgnated fund8 Unrestricted fund8 14 16 17 28,IKIO 69.048 720,547 16,100 27,532 743,430 817,595 787.062 The Truslee8 acknowledge Ihelr responslbllSlles for comptying with the r•quiremenl8 of the Act wllh respect to counting racords and preparatlon of flnan¢lal statements, The financial statements have been prepared In accordance with the wovisions applicable to enlilles subject to the small companles, reglme. The ffftanclal statements were approved arKI authorlsed fof issue by Ihe TNstees and Slgned on their behalf drew Murray (Treasurer) Date Company Regl8tratlon No. 03095356 The notes on pages 33 to 49 fom pari of these accounts. 31

FINE CELLWORK (LIMITED BY GUARANTÉE) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 Not•• 2024 2023 Cash flts￿ from owratlng a¢tlvltlé•: Nel Incomelexpenditure for the year D8preciatlon ol langible fixed asse1$ Increasel{d8cr&ase) In creditor8 (Increaseydecr&ase In deblors (Incré8s8ydecrease In Stocks Investment Income 30,533 24.120 8,994 (7,254) 122,534) (14,346) <29.985) 29,630 (55.158) (18,030> (11,2321 (12,881 11 10 Not cash provld•d byl{u$•d In> operallng a¢llvltl•$ 19,513 (97.6561 Caihflows from Inv•8llng actlvftl•8 Inleresl Incomg Purchase of langlb16 fixed a$sels 14,346 124,435 12,881 (6,500) Cash pvovld•d byl{u••d In> Inv••tlng actlvltl 110,089) 6,381 Incroas•l(decr•as•) In ¢a$h 9,424 (91,275 C••h and cuh •qulvalents at th• b•glnnlng ol th• yèar $62,016 653.290 Ca•h and ¢a•h •qulval•nl• al lh• •nd of 571,439 562.015 1 Jan 2024 Ca6hflow 31 D•¢ 2024 Cash at bank and In hand S62.015 9,424 571,439 The notes on pages 33 to 49 form part of these accounts. 32

FINE CELL WORK (LIMITED BY GUARANTEE NOTES TO ThE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Statutory Inforfflatlon Fine Cell Work 15 a ¢haritsble Company. Ilmlted by guarante&, régistered In England and Wales. The charltable company's registered number and registered office address can be found on the Legal and Admlnlstrative Informatlon pag8. A¢¢ountlng pollclos 8asls of pr•paratlon The financial statements have been prepared in accordance with Accounting and R8POrting by Ch8rltles'. Statement of Recommended Practice applicable to chariti88 preparlng thelr accounts in accordance wlth the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland (FRS102} (effectlve 1 January 20191- {Charllles SORP {FRS 102)), the Financial Reporting Standard appll¢ab10 in the UK and RepubliG of Ireland {FRS102) and the Companles Act 2006. Flne Cell Work meets Ihe definitlon of a public benefil 8ntity und8r FRS102. Assets and Ilabilllies are Inltlally recognlsed at historlcal ¢o$l or transacllon value unless olh8rwis8 slated In the r61evant accountlno poll¢y note(s). There are no material uncertainlies about Fine Cell Work's abllity to ¢onlinuo 88 a golng concem. 2.2 Incomo All incomo is racognised once the company has eniltl8menl lo the Income, 11 18 probable that the income will be received and the amounl of income recelvable can be measured ￿lIably. Ch8ri18ble Activits'es - repr8sents income Irom sales of goods and 18 recognised when receSvable, excluding Value Added Tax. Grants are Included In the Statement of financlal actlvltles on a recelvable basls. The balanc8 of income received for specific purposes but not expended during the period 1$ Shown in the relevant lunds on lh• Balance Sheet. Where Income Is r8celved In advance of entitlement of re¢eipt. Its recognition is deferred and Sncluded In credltors and deferred Income. Where entitlomenl occurs before income is ieceived, Ihe Income is accrued. 2.3 Exp•ndlturg Expendllure Is Included In the Slatemenl ol Flnanclal Actlvltles on an accruals basls. Inclusive of any VAT whlch cannol be recovered. Costs of raising funds comprises Ihose costs incurred in order to ralse funds from external sources. Charbtabl8 actlvlty eXpendItu￿ comprises those costs incurred by the charity In the dellvery of ils acllvitles and $ervlces for Its beneffi¢laries, 11 includes l)olh c05t5 thal can be allocated dlrectly to such activities and those Costs of an indirect natur8 necessary to support them. It also includes cost8 associated with meeting the constitullonal and Slatutory requlrements of U)e charity. All costs are allocated botW8en the expendlture categories of the Statement of Financial Acllvltles on a basis designed to reflect the use of the resourGe. Costs relating lo a particular activity are all￿ated directly, others are apportioned on a staff time basis. 33

FINE CELL WORK (LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2.4 Tanglbh Ilxèd as8at8 and dapr•¢latlon Tangible fixed assets are slated al cost less deprecialion. Depreciation is provided al rates calculated lo wrlte off the cost less esllmated residual value of each assel over its expected useful life, as follows,. Planl and machinery Flxtures. fittings and oquipmont 3 years straight lin8 basis 3 years 81ralght Ilne ba$ls 2.5 Leaslng and hlre purchase commltm•nts Rentals payable under operatlng lea$e8 are ¢harged 898insl income on a straight line basls over the period of Ihe leasa. 2.6 D•btars Trade and other debtors are rocognis6d at the 50ttlement amount due after any trade dl8counts. 2.7 Cash at bank and In hand Cash at bank and in hand includes ca8h and short term highly liquid investments. The Trustees seek to use Short and medlum term deposlls where posslble to maximise Ihe return on rnonle5 hekl at th8 bank and to manage cash flow. 2.8 Cr8dltor8 and prov181ons Cr8ditors and provislons are recogni$od W￿r& the charity has a present obllgatlon resulllng from a past aV8nt that wlll probably result In the Iransfer of funds to a Ihlrd paty and the amount due to settle the obllgatlon be m8asur8d or estlmatgd reliably. 2.9 Stock and work In progress Sto¢k18 valued at the lower ol cost and net realisable value. 2.10 Pon$lon$ The ¢harity operatos a defined contrlbutlon8 penslon scheme. Conlrfbulions are Gharged in Ihe accounts as they bocorne payable in accordance with Ihe rule8 of the scheme. 2.11 Fund accountlng The charlly has varlous lunds for which it is responslble.. The Trustees also aulhorl8ed Ihe creation of a designat8d fund to COV8r the Flxed Asset Value. 2.12 Taxatlon Th8 company 1$ a régistèred charity (numb8r.' 1049095). All of the ch8rlty's income falls wilhln the exemptions $01 out in part 11 of the Corporalion Tax Act 2010. 34

FINE CELL WORK (LIMITED BY GUARANTEE> NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2.13 Flnanclal Instruments The company only has financial assets and financial liabilities of a kind thal qualify as basic financial Instruments. Basic financlal Instruments are Inltlally recognlsed at transaction value and subsequèntly measured at Ihelr s8tt1ement value wlth th8 exceptlon of bank Ir)an$ which are $ubsaqu•ntly measured at amortiS8d cost using th8 effective instrument method. 2.14 Crltlcal a¢countlng •$llmat•$ and arnas of Judgement Estlmates and judgements are ¢onllnually evalualed and are based on hlstorical experlence and olher fa¢tors. Includlng expeclallons of future events that are believed to be reasonable under the clr¢umstance8. Crlll¢al a¢¢¢untlng estlmales and ag8ufflpllon8 The Company mak8S 8Stimat8s and assumptlons ¢oncernlrrfJ the future. Tho resulting accounting ostimates and assumplions will. by definltSon. geldom equal the related actual results. The estimatos and assumptions that have slgnlficanl risk of causlng a materlal adjustment to the ¢arrying amounts of asse18 and Ilabllltle8 Within th8 nexl financial y88r are dlscuss8d b81ow: Crlllcal areas of ludgemenl: Tanglblo flx•d a8$0t• Tangible fixed assels are depreclated over thelr useful Ilves taklng Into account residual values where approprlale. The actual Ilves of the assets and residual values are assessed annually and may vary depending on a number of factors. Residual value assessm8nts consldér Issues su¢h as lh6 remalnlng Ilfe of the a88el8 and projectsd di$po8al values. 35

FINE CELLWORK ILIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 In¢om• from donallons and grants Unrnstrlctod R•strlcl•d D•slgnat•d Funds Funds Funds Tolal 2024 Total 2023 Donatlons and grants 464,112 439.519 41,400 945,031 832,607 Donatlons and grants Unr•strl¢t•d funds: Total 2024 Total 2023 Garfield Weston Dalby Trust De Lazlo Foundatlon Taurus Trust Al-Fayed Foundatlon Considered Ask Foundation Bromley Trust R80 Slakl$ Cruclble Ov8rvthelm Limlted Aurum Trust Amillage Trust Devonshlre Trust Moordew Charltable Tw$1 CHK Charltles B & L Know Fund Haramead Trust Charfe$ R Burrell 1987 Charitable Trust Ch8rles Burrell 8nd18abella TTre Susannah Peake Upholderers Llvery Company Lady Elizabeth Cavendish Trust Other grants. donations and1<£5,000) and Glft Aid 110,000 110.000 7,SIXI 14,730 7,500 5.0Tr) 5,000 38,500 10,000 20,000 19,250 10,(100 75,1)00 5,000 20,000 22,000 5.0(K) 10,000 15,000 15.000 20,000 20,000 20.000 20,000 5,000 1,500 52,083 170.939 124,132 464,112 494,022 36

FINE CELLWORK (LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incom• from donatlons and grants Icontlnu•d) Total 2024 Total 2023 R98tr1cted funds; Adrian Swire Trust Bank of America Foundation Brolher8 Trust Bromley Tru8l Hadrfan Trusl Colyer-Fergusson Charilable Trust Henry Oldf181d Trust Merthanl Taylors De Laszlo Foundatlon Rolhschlld Foundatlon Cedar House Trust Clty Brldg8 Trust Considered Ask Foundation The Ch)thworker8' Company MIVA Trust Neadlemakers Liv8ry Company Ratcliff Trust 1772 Trust Radcllffe Trust P8ter St8bbSngs Trust Th6 Drapers. Company Eleanor Rathbone Trust Simon Gibson Trusl Sheriffs and Recorder8 Phlllp Klng Trust St Adhelms Chapel Trust Anonymous HDH Charilable Trust Matrix Causes Fund James Knoll Trust Jack Lane Foundallon Henry Smllh Foundation Michael Varah Memorial Foundallon Lelgh Trust M¢Grath Tru$1 25,000 25.000 38.889 39.933 10,000 10,000 10,000 1,000 1,000 10,000 10.000 25,000 15,000 10,000 10,000 9.000 12,000 10,000 38.108 50.405 10,903 5,737 20.000 14,000 3,850 9,000 3,080 4,000 2,000 5,000 10,000 10,000 25,01)0 2,000 3,043 435 30,000 2.000 678 5.000 s.000 1,000 3.000 5,000 5,000 1,000 60,000 60.000 1,752 5,000 2,000 Carrl8d Forward 364,228 310,585 37

FINE CELL WORK {UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incoma from donalloni and grant• <contlnued) 2024 2023 Brought forward 364,228 310.585 Aldo Trust Charles Hayward Foundatlon John Murray Trust James Roll Trust Souter Trust Worshipful Company of Broderers Schllz Engle Trust Sommers Trust Upholderers Llvary Company Society of the Holy Child of Jesus 5.000 5,000 20,000 20,000 10.000 1.250 3,741 3,000 6,000 10,000 1,800 14,500 3,000 439,519 338,585 38

FINE CELL WORK ILIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 InGom• Irom ¢haritablo activities 2024 2023 Sale of prisoners, V￿rk Incom8 from cell work 324,236 38,813 303.060 4,000 363,049 307,060 Expendlture Staff Coil8 D•pr•clatlon Oth•r Cojts Total 2024 Total 2023 Expendlture on: Costs of generatlng donatlons and grants 178,470 24,501 202,971 197.361 Charltable actlvltl•s Prf80ner Tralnlng & Support Activities undertaken directly Support costs 514,082 24,120 416.810 955,013 854.895 133,910 133,910 130,277 692,S52 24,120 575,221 1,291,893 1,182,533 Anatysls of 8UPPOrt Costs (Includlng gav•rnan¢• ¢osts) 2024 2023 Rent Governance cosls Insurance 107,400 15,534 10,976 102.700 17,927 9.650 133,910 130,277 Included wlthin support Costs is £11,000 {2023: £10,000) in relation to audii fees for the current audltors, 39

FINE CELL WORK {UMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 6 Statement of financial activitres - Comparative funds- y8ar ended 31 Dec8mb8r 2023 Unrestrlcted Re8tTlcted Funds Funds Deslgnated Funds Totsl 2023 Incomo from: Donats'ons and grants Charitable a¢liviti6$ Investment Income 494,022 307.080 12,881 338,585 832,807 307.060 12,881 Total Incom• 813.963 338,585 1,152.548 Costs of raising funds Charltabl• acllvltlo$ Prlsoner Trainlng & Support 197,361 197,361 653.995 331,177 985.172 Total •xp•ndltUM 851.356 331,177 1,182,533 Net Incom￿{exPendIture) 137,393) 7,408 (29.9851 Transfer beiw8en fund8 86,790 (88,790) Fund balances al 1 January 2023 694.033 8,692 114,322 817,047 Fund balances at 31 D•￿M￿r 2023 743,430 16,100 27,532 787,062 7 Trust•••' tran$a¢tlon$ The Truslee expenses in Ihe year were £1,793 {2023-£1.372} relatlng to travel expenses Incurred in their capacity as a volunteer leacher in prison (2023 Iravel expenses) claimed by one {2023 one) Trustee.

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees Numb•r of •mployo•$ 2024 Numhr 2023 Number Th8 average monthly number of employees durlng the year was 16 16 Ernploym•nt ¢o8ts 2024 2023 Wages and salari85 Social securlty costs Other pension Gosts 610,972 56,818 24,764 527,022 48,179 21,144 892,554 596.345 The number of employees whose annual emoluments exceeded £60.000 in the year were a5 follows: 2024 Number 2023 Number £80,001￿90.000 £70.001Q80,0(K) £60.001Q70,000 The key management personnel of the charity comprises the founding director, exècvlrve dlrector and finance director. The total employee boneflls ol key management personnel of the charity W8re £177,598 (2023: £168,136). 41

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tanglblo fixéd a88at8 Plant and machln•ry Flxlures. flttlngs & oqulpment Tolal Cost At 1 January 2024 Additions 9,679 154.343 164.022 24.435 24,435 At 31 D•c•mb•r 2024 9,679 178,778 188,457 preclatlon Al 1 January 2024 Charge for the year 9,679 126,811 24,120 136,490 24,120 At 31 D•c•mb•r 2024 9,679 150,931 160,610 Nat book value At 31 D•c•mb•r 2024 27,847 27,847 At 31 Decembor 2023 27,532 27,532 10 D•btor$ 2024 2023 Trade debtors Other debt(ys Prepayments and accrued income 6,340 12,500 63,808 11,527 12,500 51,367 82,648 7S,394 11 Cr•dltors: amounts falllng du• wtthln one year 2024 2023 Trade creditors Taxes and social securlty costs Oth8r cr8dllors Accruals and deferred Income 19,353 32,765 1,166 32.595 12,278 35,S20 1.340 27,747 85,879 76,885 42

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 D•hrred Income Included in deferred income are amounts relatlng to donatlons with liming conditions outside the control of lh8 charily. 2024 2023 Brought forward a8 at 111 January 2024 Recelved In year Releasad in year 52,083 (52,0831 Carried for¥vard at 31•1 December 2024 13 P•nslon and oth•r po8t4•tlr•m•nl b•n•flt ¢ommltm•nt• D•fln•d contrlbutlon Theie were £3,695 contribulions (2023 £3.059) due. 2024 2023 Conirlbutions payable by the charSty for the year 24,764 21,144 43

FINE CELL WORK {UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONllNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 R•strfet•d funds Balance at I January 2024 Incomlng resources Resourc08 expended Balance at 31 December 2024 Developing post release employment and support for ex•rlsonefs In prison workshop d8velopm8nt Funding for Ihe Dlrector of Programmes post Prlsoner Irainlng and awards Accredlted Tralnlng Volunteers 8xpense8 Expanding stitcher number8 163,797 154,797 9,000 35.000 24,700 10,300 30,000 30,000 12,000 3,850 16,500 15,000 12,000 3,830 16,500 15,000 Rebulldlng Cell Work post pandemlc C811 work core costs Support for prisoners in The Northaast sut¢her tralnlng klt8 Post rebase tralnlng programmes Impact Evaluatlon Suppori for female prisoners 8,000 104,991 111,991 1,000 16,043 13,343 2,700 fj,000 5,435 3,500 2,935 8,100 10,903 20,000 2,500 2,500 8,100 10,903 20,000 16,100 439,519 427,619 28.000

FINE CELL WORK {LIMITED B Y GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Roslrlcled lunds Icontlnued) Balance at 1 January 2023 Incomlng resources Resources Balance at 31 expended December 2023 Dev8loping post release employment and support for 6x*)rfsoners Newsletter Open the Gates apprentlce stlpends Prfsoner training and awards Ac¢redited Trainlng Volunteers, expense8 Rebuilding cell work post pandemic C811 work coro ¢o$t$ Support for prfsoners In Kent Slltcher tralning kits Post release tralnlng programmes Impact evaluallon Support for female prlsoners 159,338 159.338 3.000 4.388 3.000 2,636 1,752 15,000 15,000 3,758 2,000 82,000 3.758 2,000 74.000 8.0 21.000 21.000 10,000 10,000 5,000 10,000 5.000 1,900 8,100 6,056 5,737 20,000 11.793 20.000 8,692 338,585 331.177 16,100 45

FINE CELLWORK (LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Restrlctod funds (¢ontlnued) D•voloplng posl•ro18asa employm•nt and tralnlng support for •x•rlsoMrs The Bank of America Foundation, City Bridge. Adrian Swire, Henry Oldfield, Cedar House. Sommers and The Peler Stebbing Memorial Trusts. The Upholders Livery Company fur)ded the development and d81ivery of post4eleas8 SUPPOrt for 8x-prisoners. Thè ClOthV￿rkerS Foundatlon funded Capital costs for upgrades to the apprentlces hub In Battefsea. R•bulldlng In prlson stltch•r numbors post Covld. The Bromley, Souter and James Roll Trusts. The Drap8rs Llver Company and The Henry Smith Charity all supported the InitSatlve to rebulld stitcher numbers In prison after the Covld pandem5G draslically reduGed numbers. A¢¢r•dlt•d Tralnlng The Needlemakers Company supported the OCN Iralnlng programme. Support for prlson•r8 and •x-prf8on•r• In Ihe Northeast R•glon The Hadrlan and James Knott Trusts funded support lor prisonerg and ex-prisoners in the Northeast Region. Volunt••r8 •xp•nB•8 The Eleanor Ralhbone Twst and Ihe Sociely of Ihe Holy Chlld of Jesus lunded volunteer expensès. Expandlng 8tltcher numbers The Leigh and John Muriay Trusts supported expandlng the number of prl8oner8 engaged wilh. In Call support Th8 Broderers Company, Slmon Glbson Trust, The Jack Lane and Rolhschild Found81ions supported the ¢osls of cell work for prisoners. Prfson•r awards The 8rolhers and M¢Grath Trusts supported award5 made lo prlsoners. Support for f•mal• prl•¢n¢r8 The Charles Hayward Foundation provided 8upporl lor worklng with women in the prison estale. Stit¢h•r Tralnlng Kl18 The Aldo supported the provision of stitcher Iraining kits. In prlson workshop support The Merchant Taylors Livery Company. MIVA and Schitz Engle Trusts supported Ihe d8v81oprnent of new in prison workshops. Dlr•ctor of Programmes The Philip Kin9 Trust supported part of Ihe rol8 of Diractor of Programmes. evaluatlon The ASK Trust supported evaluation of Fine Cell Work's programmès. 46

FINE CELL WORK (LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrostrfcted funds Mov•mont In funds Balance at 1 January 2024 Incomlng ra8oiir¢•8 Re8ourco8 •xpond•d Transfof b•tweon funds Balance al 31 Dec•mb•r 2024 Unrestrlcted funds 743,430 841,507 864,274 1316) 720,347 Movemenl In funds Incoming resources Resources 8xp8nded Translor between funds Balance al 31 Decamber 2023 Balance al 1 January 2023 Unrestrlcted funds 694.033 813.963 851,356 76,790 743.430 Balan¢• al 1 January 2024 Balanc• al 31 D•c•mber 2024 16 De$lgnal•d fund8 Incomlng rosourcos R•8ourc•8 •xpond•d Transfor between fund• Fixed Asset Fund Growlng stltcher numbers fund 27,532 316 27,848 41,400 41,400 27,532 41,400 316 69,248 Balance at 1 January 2023 Incomlng resour¢es Resources expended Transfer belween funds Balance al 31 December 2023 Fixed Asset Fund Rebuilding Cell Wort( 50,663 63,659 (23.131) 163,659) 5D,663 114.322 (86,790) 50.663 47

FINE CELLWORK (UMITED BY GUARANTEE NOTES TOTHE ACCOUNTS ICONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 17 Analy$l$ of n•t ass•ts between funds Unr08tr1¢l•d Funds R•strlct•d Funds Deslgnated Funds Total 2024 Fund balances at 31 December 2024 are represented by., Tanglble flxed assets 27.848 Curr8nl assels 778.378 Creditors,. amounts falling due 185,879) 27,848 69,248 875,62fj (85,879) 28.000 720,347 28.000 69.248 817,595 Unreslricted Funds Restricted Funds Deslgnated Funds Total 2023 Fund balances at 310e¢ember 2023 a￿ repres•ntad by.. Tangible fixed assels Curren(8ssels Credltor8'. amounts falllng due wlthln one 27,532 792,783 27,532 838,415 16,100 27.532 (76,885) {76,8851 iiaa 743.430 16,100 27.532 787,062 18 Commllm•nls und•r O￿TatIng leas•1 At 31 December 2024 the company had tolal commilments under non-cancellable operating leases Dayable as follows: Land and bulldlngs 2024 2023 withln one year Bebmèen two and flve years 105,000 288.750 105.000 393.750 393,750 498.750 19 R•lat•d Partl•s There were no related party transactions in the year, 48

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Control The charlly Is a company Ilmlted by guarantee and Is under the control of the Trustees. 49