2025-12-31-accounts

FINE CELL WORK (LIMITED BY GUARANTEE) CharltyReglstrallon No. 1049095 Company Registration No.03095356 (Englandandwales) TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025

FINE CELL WORK (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Patrons Tracy ChevalKgr Dame Judl Dench CH Kaffe Fassett Esther F￿￿d Calh lfjdston MBE Llbby Purves OBE The Hon.Emma Soames Isabella Tree Trust•88 Jennifor Rademak¢F (Chalr) Aprfl Blrtvthisile Julian Dimenl EIIz8belh Downlng Tabltha Elwes Annabel Franks Kit Kemp MBE Nlck Moore {Vlce Chairl Jane Mulvagh Ellzabelh Rose ITreasurer) Cothy Robinson Ex￿yt￿V• Dir•etor VIGtoria Glllles Foundlng DlroGtor Dr Katy EmGk OBE Flnanclal Dlrector Mariana Spatsr Charty Number lo4￿95 Company Numb 03095356 Auditors James CowpeT Kreston Audll Ap6x Forbury Road Reading RG1 1AX Bankers Unity Trust Bank 4 Brindley Place Blrmingham B12HB

FINE CELL WORK (LIMITED BY GUARANTEE) CONTENTS Page TRUSTEES. REPORT Vislon, Mlssion. Aims and Values Govemance, Structure and Management Executive Summary Chjr Programmes- how we suppc*t our beneficlarfes (>Jr Impact How we Fund our Work How we Communicate Future Areas of Focus Prinryple Risks and Uncertalnties Flnancial Review ReseNes Pdi Corporate and Soclal Responsibility 16 20 24 27 27 28 REPORT OF THE INDEPENDENT AUDITORS STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI 34 BALANCE SHEET 35 CASH FLOW STATEMENT NOTES TO THE ACCOUNTS 37

FINE CELL WORK IUMITED BY GUARANTEEI TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 The Trustees present their report and a￿unts for the 12-month period ended 31 D&embw 2025. The accounts have been prepared in accordanGe with Fine Cell Wcik's Memorandum and Article5 of Asslxlalon and wfilh the accounting policies set out in note 2 to the accounls and comply with the charl￿$ governing dc￿men( appllcable law and the requirements of the Charities SORP {FRS 102). VISION. MISSION. AIMS AND VALUES Our vlslon is for wtsonors and prison leavers lo rebuild meaningful, independent, crfmfrfree lives. r mlsslon Is to train prisoners and prison leavers In hIg￿ualty needlework and t8xtlles skills. so that they can engage In paid, purposeful, professlonal. creallve athiity. r aims are.. To provlde paid. purposeful act1￿ty To foster hope To rebuild Ilves To create opportunities To facilitate reintegrauon into our communltles Our values are: Incluslvlty Creatiwty Excellence In everything GOVERNANCE, STRUCTURE AND MANAGEMENT Govorning Docum•nt The organisation is a charitable company Ilmited by guarantee. Incorporated C￿ 25 August 1995 and reglstered as a charity on g Seplembor 1995. The ￿MpanY was established under a Memorandum of Association whlch establlshed the objecls and powers of the Gharitable company and is gov8med under ils Artides of Assodatlon. In the event of the company being wound up. members guarantee to contrSbute an amount not exceeding £10. Recruitmenl and Appolntment of Trustees The directors of the company are also ch8ritytrustees for the purposes of ¢harlty18w. The numbwof trustees shall not bg more than iwelve or less than Ihrfje. Th? tharity may by ordlnary resolution appoint a person who is willing lo be a Iruslee and may also determine Ihe rotation in whlch any addllional trustees are lo retire. Meellngs tske plac8 four times a year. with an Annual General Meeting held in the summer. There is an ongoing programme* of trustee strategy meeiings to discuss and set the eharity's effeciven8ss. goals. alms and purpose. Guidance and training are 81s0 given to promote Understandi￿ of Charfty Govemance and specific issues related to the Charity and its work. The range of trustees is intended to reflect Fine Cell Wo￿.$ own blend of needs incorporatlng experience of prlsons and understanding of rehabilitation issues. safeguarijing, worklng with volunteers. fundraisng. marketing, communlcallons. Me￿handl$1nQ. product deslgn, textile pro(luction and knowledge of Interior design and Its commercial aspects relevant to establishing an effective business profile for the charfty. Two trustees stepped down in the year 68ch havlng given many y8ars of loyal support enabling us lo ￿¢ruit thre8 new trustees with spe¢ifi¢ Skills lo support the growlh of the charlty.

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 318T DECEMBER 2025 None of the trustees has any beneficial interest in the ojmpany. Two Trustees had transactions Ylth the company which are set out in note 19 to the accounts. The trustees. who are also the directors for the purpose of ￿)MpanY law, and who served during the year were.. Jennwer Rademaker (Chair) April Birtsvhisde Jullan Dlment Elizabeth Downlng {appointed 4 March 20251 Tabllha Elw&s Annabel Franks (appointed 4 March 2025) Kit Kemp MBE Miranda Kendall (resigned as Vice Chair and Trustee 17 June 2025> Nick M¢)ore18ppolnled Vlce Chair 17 June 20251 Jane Mulvagh Andrew Murray (resigned as Treasur8r and Trustee 17 June 20251 Cathy Robinson Elizabeth Rose (Treasurer appointed 17 June 2025) Recrultment and Appolntment of the Board Advisory Group Involving our service users at Board level is essential bul many of the people we work wtth, due to the nature of their offending, are not eligible to sll on a Board of Trustees of a charity. To involve Iwed experience at board level, Fine C&ll Work established 8 Boaril Advisory Group18AG} in 2023. It n¢)w comprises four current or graduate prison4eaver5 on our posl-release programme Iwho we refer to a5 appienticesl. and meets quarterfy with the Chair, Executive Director, Dlrector of Programrnes and revolving Trustses. The BAG has enabled th8 charity to tap into a larger and more diverse populalon f service users than we could have achSeved with a trustee apw)intment. BAG insights have shaped programme Improvemen15. enhanced our Communicatic￿s￿11h service users. and deepened organi5alional understanding of posl-release challènges. Davalopmont Board A Development Board was set up this year In Q3 under the chalrmanship of Miranda Kendall lo support broadening fundralslng opportunities and sales events nationwide. Through Ihls new Inrtlative events are planned for 2026 and for our 3￿88r celebrat1￿$ in 2027. Staff Fine Cell Work {FCW} is run by Ihe Executive Diredor supported by the senior management team comprised of the Founding Director, Flnance Director, Director of Programmes and the Development Manager. The senlor management team is supported by a pemianenL full-ume staff of eleven and c¥)e part-time stsff memberwthing three days a week giving the charity a fu114ime equlvalent of 16 employees. The Directors. salaries are delemiined by the ￿SteeS wlth refèrence to market rates and the financial resources of the charity and reviewe(i annually.

FINE CELL WORK IUMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUED} FOR THE YEAR ENDED 31ST DECEMBER 2025 Volunteers The small ratio of FCW stsff lo prisoners and prison leavets was supported by essential acti￿tieS of our volunteer team teachlng in prSsons and In the Clolhworkers Studio in Batt8rs8a {the Studio), mentoring, supporting producllon and commisslons. delivering workshops, helping with adminlslrallon and deslgn, promoting our work, helping at sales events across the county. supporting fund and profile raislng events. and manning the Blithfield Kenslngton pop-up shop, EXECUTIVE SUMMARY As a charity working in crfmlnal lusttce for 28 yea￿, FCW has supported over 8.6￿ ￿Ople in prfson and, slnce launching our posl-releaso support programme Open the Gate IOTGI eight years ago, 118 prfson avers. Our vast experience in providing our In-prison programme$ nationally means we ar8 wdl placed to deliver signfficant oulcomes against a backdrop of scarce access to purposeful acuvlty in prison. The Bromley Brtefings. a hlghly respected publlcatlon by the Prison Refom Twsl, In January 2026 reported a significant deterioration across key measures of safety, purposèful activlty. use of force, and overall performance in prisons in England and Wales. Three quarters of insp8cted establishments were Tate(I poor or not 5ufficienlJy good at providlng purposeful activity. For an activity delivered In prison lo bg deemed purposeful,11 must: Address prisoners, risks or needs related lo their risks of reoffending or a personal resettlement oblecllve Enhance Per￿81 wellbeing, both physical and mèntsl Enhance interpersonal. swal or life skills which indudes building confidence and the capability to engage in the regime Our programmes d81ivered positive outcomes across all requirements., FCW 18 the only charity delivering regular. purposeful, paid activity lo people in thglr ￿11$ on a large scale. Our growing partnership with His Majesty's Prison and Probation Service IHMPPS) is key to ourconllnued success deliverlng and building our work in prisons. Balancing Demand wlth Impact As a trusted partner in the prison estste. demand for our programmes bs high. In the last 18 months we received 33 enquiries from prisons nationally for our in-cell programme. significanly ex¢6edlng our capacity to open new groups. To build capaclty to facllllats growth, we rdlionalised our engagements to ensure we are working in prisons where we have Ihe greatest impacL The outcomes that come from stitching ￿ FCW- IncludSng Increased self<onfidence. connection, wlivity, and coping mechanisms requlre time to develop. Longer engagement, commitment, practice, and incorporating both hard and soft skills in a stit¢herfs daily lrfe, require timè lo embe(l. Short andlor sporadic cell group engagement substanlalty undermines our programmes effectiveness. Real growth lakes consSslen¢y and time. Broadly. this means that we need to tsrget opening new groups in prisons with setued populations. Our revlew In 2025 resulted in closing groups Sn prisons where significant prisoner'churn. made it difficu lo make an impact and suspendlng a further group in a third prison. By way of example. we closed HMP Brixton where 8 class of 10 in 2024 had haé no more than 2 or 3 slilchers aliending the group each fortnlght. With a chum of 51 stllchers attendin9 only a few sessions the year, there were few meanlngful outcomes

FINE CELL WORK IUMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31￿ DECEMBER 2025 from the group. While improvlng the effective use of our resources, these targeleil closures did result Sn a decreaso of 1¢Y/o in beneficlary numbers from the previous year. In lerms of new wps. in the yearwe opened one group in a prison wllh a long-term pcFulalfon newto FCW and a second group in a Iherapeuuc prison in a different %￿ng from an existing FCW stitching gmup. Preparatlons began to open groups in thre6 prisons to FCW In 2026 that meet our largel profile of a more stsble population, with an 8mbitlon in the year to open a further three groups in prfsons where we already work to meet the demand for more leachSng Classes. Strong Produdlvlty ond Building the So¢lal Ent•rpri88 in Partnership with our Stltchers Reducbng high chum cell groups allowed us lo focus on an increased length of engagement from our wlder in-prison workforce and they were more productive than ever. We saw a 170A increase in productivity with the money paid to OLsr slilchers al an all-llme hlgh. Total sales of 10,600 products in the year Taised £330,CQO, with prisoner pay ￿COunting for 30% of the Income from Irdding A total of £98,820 was Paid lo our In-co11 sfjl¢hers The top 2 stitchers each eawned over £1,900 in the year 13 stitchers were paid over £1,000 and 49 over £500 The average pay lo our stitchers increased 8% on 2024 Robust prisoner pay allows our slllchers to build financial autonomy, becoming more Independent arHI resilient. Megtlng Our Goals-womèn, Employmont and Rooffgndlng In our in-prison programmes we worked ￿th 573 peopfg. of which 18% were women. Slnce 2022, a core eomponenl of our strategy has been to work ￿th more women. With wom8n repiesenling only 4% of the prison population, our sb'lcher demographics rellecl this focus. On OTG. we supported 33 prison leavèrs. five of whom were programme graduates from preVIc￿ ye8rs needing further support. Of the 28 apprentices, half graduated in the year with 430A into employment or rther teruary trainlng. No one on Ihe programm reoffended. Succossfully Navigatlng a Tough Environmonl As a charfty which ngeds lo raise 750k of Its Incom& from exlemal sources and which is not ellgible for govemmenl funding. we broke even al year end despiie an inGreasingly competitive lundlng environment. This is leslament to our suttess and was largely due lo the loyalty of existing funders and our f¢XUS on diversifying our income streams to develop sustsinable new partnerships. OUR PROGRAMMES- HOW WE WORK WITH OUR SERVICE USERS Programme Objectlves FCW addrasses three key soc181 Issues: the need for rehabilitation in prison and for prlson leaver5 In Ihe ¢ommunity, the challenges of release, and negative public perceptions of p8opI8 who are or have been in prison. The charity aims lo strengthen ils position as a leadlng contributor to prfson rehabilitatioa and to drive for greater positiv& awareness and chang8.

FINE CELL WORK (UMITED BY GUARANTEE TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2025 Our work addresses slgnlfi￿nI drivers behind offending behaviour by developlng and reinforcino work skills, building strong relationships and mental and emotlonal resilience. and provldlng Ihe opporlunity to build a ffinandal buffer. Our stitchers are active stskeholders in the enterprise,. our relalionshlp wlth our workforce is a true partnership. Our commitment to our workforce in prison is unique,. the average18ngth of engagement in our groups Ihls year rose from 1.5 years to 1.7 yeats providing the conslslency and duratlon critical for deeper. more lasting outcomes. We aim to enable our sutchers and workshop wort¢rs In prfson lo complete Ihelr sentences with new skills, money eamed and saved. and the self4)dief to live a lutur8ffee from offending. Forthe apprenllces engaged In our posl-rel8as8 programme, OTG, the alm is to support them Into a socially connected, stable, crime-free Ilfestyle. through work experfence and employment skills. mentoring. and bespoke workshops lo broad8n ¢ompgtence. confidence and r8sSllence. Our unique approach is lo train and pay pdsoners lo do exqui&te needlework In order to create beaut6ful products for sale. We work with highty respected designers lo ensure that the prtxlucts are in demand from CU51omer5. Alongside producing items for sale for the general publlc, und8rtaknng commisslons for cultur81 and heritage Institutions and acdaimed artists and deslgners offers our workforce pride, inclusion and social capllal. Our produdion prc¢ess 15 complex as a result ofthe logistics involved in preparing kits. sending Items In and out of pri50n and the efficlencies we galn through havlng finishing work done in prison workshops and our studio. As a result, ftyjr stSlchers and apprentices are involved in the creation and sale-readlness of each product. With the exception ofdes1￿, charting, screen prlnling and laser cutting. all production is carried out in UK prfsons or our Siudlo workshop for prfson leavers OurwoTk In prlson would not be possible wilhoul the support of our partn8rs in HMPPS. To acknowledge the exceptional support we recefjved from our contacts and buSld awareness of thelr service within the prison. In 2025 wa awarded a total of 14 awards In six categories lo piison staff supporting OLbr work.. Gdd Award for Staff Engagement and Support to Ihree reripients Distinction in New Group Support to Iwo recipients Outstanding Contribution lo Fine Cell Work lo tsvo recipients Exceptional Workshop Support lo two r8ciplents Bèst Practice in Volunteer Support lo four reclplenls Stitcher Support lo one redpient program￿￿$ of Engagement There are three distinct In-prlson programmes providSng textiles a¢livities and one programme for prison- leavers in the community. Inylson: C•ll work: . over 600 twtrhour stitchlng dasses delivered annually taught by skllled volunteers for stitchers to create beaullful, handembroidered pr¢xlucts from FCW kits. Fortnighlly engagement with volunteers provides our stitchers wlth a predlGlable. personal connection lo the outside wortd. Stitchers work independently in their cells for 24 hours a week on average, with many voluniarily working for as many a$ 40 hours. Stitchers are paid for their work whSch provides Increasèd financial autonomy - FCW is a so¢ial enterprise in each cell as our stitchers recelv? payment based on their skill level and prodLJCtivity- There is a bonus scheme to r￿ard excellent work which is paid for 95% of completed kits. Stitchers ar8 pald for their work they re14Jrn regardless of whether the Item stllched is sold.

FINE CELL WORK LIMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31- DECEMBER 2025 When joining the stitching classes, almost all have no prevlous experience so are learners. They stsrt by working on a sampler and on pracllc& klts which are kept as a ￿nI of r8f8r8nc8 for dlfferenl stitches and as keepsakes. Once confident and competent Sn their stitching, they become beginner level stolchers and are able stilch FCW kits. Stitchèrs are then paid for their work which requires neat bLrt baslc stitching lo create Items that wll be sold. BuSlding on stil¢hing skill allows for stltchers to be more trusted with their work and taka on more difficult and important pleces. On av8rage, it takes stitchers nearty five months to progress from being a learner lo a beginner, months to progress from belng a beglnner to intemiedlate and nearty seven months lo progress from inlermediale to advanced. In total, on average. il will lake a stitcher just over 18 months lo bewme proficAenl which demonslrales the benefit ol long-lerm engagement wilh the programmo. Whllsl bulldlng stllching skills is key lo the dellvery of th8 programme. the wlder benefits of FCW extend beyon¢J this. Creating slilchino communities based on Irusl. respgcl and skill create5 safer prlson enwronments and combats institutionalisation by gi￿ng our stitchers agency in their wo with us. Whlle Iheir stitching skills need lo be continually practised. so do other skills such as making decisions about their work. peer teachlng and being a produth've group member. The fact that many customeis write to thank the stllcher for their work impacts this fvrther. The number of letters increa5e5 each year, ￿th 763 being sent to our slitehers Sn the year. This sense of inclusion in the broader community is a keyfactor in building self-respecl 8nd resilien￿. Prison Vlsils from FCW staff meant Ihal all groups received at18asl iwo visits, some with as many as four. whlch reinforced the connection and importanc8 of our stitchers lo the charity. Lone Stitch?rs- for stllchers who have developed advanced s￿115 in one of our cell groups and been moved to a prison ￿thOut a cell group. FCW staff directly support these stitchers with work, feedback. an¢J paymenl. The programme recognis8s and rewards the loyally and dedication of experienced stitchers by enabllng them to conunue working wllh the charity. Workshops: sewSng and embroidery machine training and commerclal production is undertaken in two workshops. one full-time. one part-￿rne, laught by prison and FCW staff. We have worked in our full-time workshop in the men's estate for 15 yèars making up the work siltchèd In cells into products for sale- predominandy cushions, bag5, giftware and tsbleware. In March 2025, we sel up a workshop in a women's prison lo deliver wider training. work eX￿ance and the opportunty for posl-release support. The wide rang8 of activities require many skills and are Ihe anlilhesis of the repelilive tasks of prison texliles workshops. Taklng on new and varied lasks requlres concentration and bullds confidence to take on new skllls. important attributes lo prepare for work post-release. Our workshops are an essential part of the social enterprise. fostering the workers. appreciation of their relevance lo the wider organisalion and bulldlng thelr engagement with thg world beyond prison. The nature of the work develops thelr abillty to work as part of a team, broadening social and employability skills. Our r8latiorbship with two retallers, The Royal Hospilal Chelsea recycling their slgnature scartet coats into cushlons and giftware, and Mousekins making products Irom fabrlcs destin8d for waste. gave both workshops wider work experience.. working on new product deslgns and prole managing small production runs.

FINE CELL WORK {LIMITED BY GUARANTEE} TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 318T DECEMBER 2025 The workshop in HMP Littlehey is supervised by prison staff with FCW staff making regular visits. In the year, 58 men work8d in the workshop with an increased workforce of 30 {up from 241 al any glven time from May. This full-time workshop makes up al least 70% of the work stitched in prison cells into the final product returning over 5,000 producls to our Studio workshop In London in the year. In addition. the workshop prepared 2.000 needlepoint kits. handstilched small range5 of produc15 which facllllale group acuvlty. and produced our whole range of fflachlne slltched bags, tableware and giftware. Mid-year. the tumover of prison staff supervising the workshop and the inereased workforce destabilised the workshop for a few months whlch Impadgd on both the skill levd of the ma¢hini$ts and productlvlty. To address Ihls. we: Introduced a skllls tracker system sultsble for the workforG¢ lo note gaps in knovAedge lo enable us to plan approprfale produGtlon tssks and identify and support Iralnlng needs. Made more frequent vlslls lo the workshop with FCW going from fortnighlly to weekly all-day vistts to support skllls tfalning and speclfic production lechnioues Or9anlsed prison staff supervlslng the workshop to make frequent Visbts to the Studlo for tralnlng and to build strongèr r•latlonshlps with the FCW toam. As a result of these interventions, by the end of the year the workshop had stabilised, and productivity relumed lo 2024 levels. In the women's estate. we closed our workshop in partnership wlth HMPPS'S texlile workshop al HMP Foston Hall in January 2025 and set up a workshop in HMP Send. This new workshop. dedicalgd only to FCW. open two days a week to fit In wlth th8 regime of the prison. is run by FCW speclallst staff. The learning from our 18-month proje¢l in HMP Foslon Hall meant: we sel up the workshop in g women'$ pri¥on with a stable. long-lerm population there was a comprehensives SLA setting out th8 8xpectalions and outcomes of the partiapanls wllh the prfson which gave darity and structure lo our ongolng partnership. The workshop enhanced our value 8NJ status al the prison. wheie we have had 8n In- cell stitchlng group for over 20 years. It is compact with only four sewlng machines and the space to work wllh elghl women. Products have been developed for the workshop the reouire both hand stilching and machinlng to ensure there Is sufficlenl work for all participants. Having taken three months to train Ihe workforce. In the remaining slx months of the year, the workshop produced 250 bespoke designs for sale. io

FINE CELL WORK (LIMITED BY GUARANTEE} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31- DECEMBER 2025 In the Communtty Open The Gate {OTG): . e51ablish8d nine years ago, the project supports prison-leavers lo stablllse and rebulld Iheir lives through a work experience and vocatlonal trainlng programme In our London-based lexlile workshop and Hub, the Studio. Over 75°h of the prison-leavers on the programme had received Sentences of four years or mor&, with many having com￿8X offending histories and support needs. We deliver indiwdual support lo th¢)se who are exp8rlonclng the IT￿st barrier5 to accessing employment and other servlces, some of the most marginali5ed people in communlty. The average length of engagement on the programme is 11 months Invofving an average of 440 hours of Individual trainlng and support. Th8 success ofthis bespoke approach Is thal this year 43% of our graduates moved into employment or further lertlary tralnlng. The StLt¢Jio is a thriwng. produdve workplace wllh an ethos of Incluslon. ￿nsulta110n and Cov operatlon. offering a wide range of roles and responsibilities lo match indNidual skill sets. We maintained our focus on work experience, employment, education and training wth apprentices undertaking elements of Wofkshop producfjon, warehouslng, slock management and dispatch. The support provided by apprentice$, facllitation of sales ond product management. ¥$ well as warehousing. and de5palch was key lo the running the logistics of the social enterprlse In the Studio. Textile5 produdon Snclud8d machining. new product sgmples. slmple upholstery and worklng on cownmis5ions. Sitting alongslde Ihls work experience is trainlng In soft skills in the workplace incluélng limeke8ping. boundaries, worklng Sn a team, parti￿patiOn in meelings and $ervice user forums, problem solving, working to targets and deadlines- all skllls that further support successful reintegration into society. Our Volunteer8 Wllh volunteers dellverfng our In￿11 programme, volunteers are crucial to the charity providing two- hour leachlng classes fortnighlly to between eight and 20 stitchers. In addity'on to teaching stitching. our volunteers deliver the opportunity for slilchers to build a long-standing relationship with FCW based on trust. respect of the individual, and growing skills. Over 8 third of people who volunteer wllh us In prfson have been with the charlty for over five years, with over 50Y• of those volunteering for over 10 years. Volunteers also have key roles In supportlng our prison4eavers with training and mentoring. In addlllon, volunteer involvement is key lo produclScn wlth volunteers in the Studio making up most of our embroidery kits. sampling new deslgns and supporting complex ¢ommissions OUR IMPACT Our Benèficiarles Both in Prison and P¢yJt-release Numbgrs of B8n•ficiari•s in Prison During Ihe year. the charity worked In 34 prlsons.. In 20 prlsons we ran 27 cell groups and in 8 furth8r 14 prisons we supported 27 lone slilchers. In the year we stopped working in one prfson resulting in our f8cllltating 26 groups In 19 prisons al yeor end. Growth in numbers was more measured last year relle¢ling our intentional fcw5 on deepening engagement and maxlmSsing impacl for the individual. Our programmes have the greatest Impact in prisons ￿th long- tem populations with sentences of at least 18 months. In lotsl, we engaged with 573 stitchers in 2025. down from the 642 stitchers we supported In 2024. Of these. 255 new Stitchers joined FCWS in-prison programmes, wlth 215 lolning cell groups an(J 40 jryning one of our fv40 in*rfson work8hop8. li

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31￿ DECEMBER 2025 Oflhe 573 stitchers we supported in the year, 470182%) resided wthin the male prison estate and 103118°k) in the female prfson estste. For context. in the prrson estatè only 4% of th& prls¢)n populatlon is female. Historically FCWS irb-prison workfr)rce was also only 4% women, working in ly￿ prisons in thefefflale e5181e. However. as we rebullt our stitcher numbers post-covid. our strategy was lo work with more wornen and we now work In flve prisons across Ihe female eslale. Our ambition is to conlinue lo bulld th$ numbers ofwomen we support with plans to open in tsvo further women's prisons In 2026. There wwe 513 '¢ellroup strt¢hers' and 69 I￿rkshOp stitchers.. These totsls indude nlne slllchers who parb¢ipaleiJ in both workshop and stitching classes. While total stitchers numberswere down on the previous year. 368 of the 513 cell-group sfjtchers returned work in 2025 compared with 366 of Ihe $25 who r8turned work in 2024. The stitchers were more producllve this year wth a record number of klls completed and prisoner pay for compl8t8d kits up 10% on paymènts made to our In-prison Workfor￿ in 2024. Engagement v productivity 2019-2025 642 573 360 263 263 200 h￿1 1019 7Q20 Yol•l•tlt¢h•É •tyK• 2021 NL4oIG•ll 2022 2023 2VZ4 No of •151¢Mr•who 202? The drop In sUtcher numbers in 2025 was predominanljy with workshop stllchoTS. This 1$ because we closed our partnership textile workshop at HMP Foslon Hall al the beginning of the year. An Increasingly high churn of prisi)ners Iri the pri50n impacted on Ihg length of attendance in the workshop. p8rtnership wilh Textile Industries in HMPPS who had speclfic targets for prison textile production, meant we were only able to work with the women for one day a fortnight. In 2024, we had worked with 63 women. some for no more than tr40 or three sessions. Thi5 engagement was insuffiuent for parbapanls lo meaningfully benefit from the programme. By way of comparbson, In 2025, having opened our workshop in HMP Send in March. we eng8ged with 11 woman on the progiamme in nlne months, slx of whom have been in the workshop from the outset, all of whom benefited with significant Prog￿$s1On in sklll, conlldence and social errfJagemenl. 12

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2025 Ofihe 58% of stitGhws we W0￿ed with in 2025who returned Monit￿ng and evaluation form5, 71% dlsclosed 1hey were while British and 29% from mlnorlty ethnic backgrounds. Numbers of 8on8ficiarig8 Po8t41•ha$o On th8 OTG post-relgase programme, we supported 33 prfson leavers. At the Sludio, we provided employment training to 28 apprentoces. In addlllon, flve apprentic8s who had graduated from our pos14elease programme pre-2025, were supported with general wellbeing. c4reer and welfare advSce. Of the 14 apprenllces who gradualed the prooramme. four got into work, two Into further lertlary training. into meaningful voiunleering, one was deported and all bul one were still in touch wlth the charity at the end of the year. No one reoffendad. The reoffendSng rale on the programme over the lasl nine years is 1%. Of the 28 apprenllc6s and graduates in the Studio this year, 42% were new recrults, 32% were women. 79% were whlte British and 21% from minority groups. 460A had stitched wllh us in prison. Our Volunteers In the year 211 individuals ¢ov•r•d 2S8 volunteerfn9 OPPOrtunltlo$. Volunlggr Opportuniti•s In 2025 In Prison Events rtin OTG rtln Sales Production Desi n Collaborators Talks in the Communi Commission Deve10 ment Advlso Boards Trustees 112 58 20 13 10 10 13 How We Measurn Impact In 2025, surveys were sent to our in-cell sfilchws and workshop slllchers lo get feedback. We have been sen(ilng the suryeys out for eighl years from the same exlemal researcher which gives invaluable, comparatSve feedback and enables us to regulady review programme delivery to m8￿MIse the benefits for our stitchers. Cell Work struggle wth anxietyandstltchlng Is a way fo lorggt wh•rn l *m and concentrnte on somethlng purposeful. I hav• lound that with patience and commitment and mentorlng by klnd volunteers, It s • lifo ¢hang•r." Fine Cell Work stitcher from our stitcher survey 13

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 318T DECEMBER 2025 The survey of our In￿￿1 stitchers was sent to 280 slllchers In January 2026 YAlh 58% completing and retuming th8 survey. The evaluator in his report concludes: 'Tre an8tysis of the survey retums m8kes It clear th81 stitchers derive en0rn70us $8ltsfaL#ion from wlth Fine Cell Workandthatslitching hglpslhgm copo wifhimpnsonment as wallasallowing many to save money andplan forlheir ￿leaSe. For the first lime, w8 have c81cula¢8d tho Incredible sc&le ofpnson-basedstitchiry. Ifthe surveyrelums ￿ lJav&rec8lv8d ￿ typlcalofthe whole cohort of stilch8rs, then these 280 indiwduals spend ovgr358,000 hoursp8ryear stllchlng. Itis clearthatmanyindlvlduals derive multiplè. interlocklng beneflts fmm sttiching forFine Cell Work. Key formany Is that stllchlng distracls them from prison life andmakas Ihom bettorable to cope with Incarcerolion. particularly in man89ing thelrmental he8lth. Inleresbngty, many p8ople tljls year commgnled on the range of Illo skllls th9y have leamt thmugh stitching, particularly p8ttsnce. resillenc8 and how lo man899 setbacks. Jhese are 8ttrtbutes whftch many would omsiderto be core surnival skllls in a prison environmenl. The sense ofa p￿￿Ose to theird8yandthe r￿lIng ofachievementfrom completlng 8 pl8ce ofwort( helps many lo feel more In fouch wilh their humanity and be, at least in part, the person they were before prJson. Th￿ feellng ofpgrsonh￿reg8lfted. ofbelngmore than aptyson numbor. Is amplified formany by the contact ￿th Fcwvolunteets who are unanImLwslyw?￿d fortheirfriendliness 8nd lingnoss to Ireat $blchers like tellow human bgings. As aways, tho very high qualty of the work and the f8c¢ thatll attracts 8 premium price valldatgs the puwose of the work 8ndsense of a¢h￿VenIen1. It ljas a dirpct imp8Gton ￿newing stitchers, fgelings of self-worth and thek confidence in tackling new Ghallenges. The f8cI Ih8t so m&ny had rpcelvgd personal communicaiyons from customers really str&nglh8ned these feelings of dignity and pride in thelrachle¥gmgnts. Ther8 is a strong sgnso thal sti¢¢hing not only provldes the means for individuals to suThive long perlods of Incarceratlon but that li also creates a communlfy, o safv sodal nelwork of stitchers who ralyon each otherto get through prlson Ilfe. The bonddeveloped through a regularcommon inl8rest appears to allow forgreal8r levels of trust than is usual in 8 custodi81 environment. Finally. il is gr8tifylng to note Ihal Iha pl8asure of stitching is, for many. long lastlng with all the titchers who responded to thg suTrgy making it clear that they intend to Gontinue stitching l)olh in prlson and. In many ca￿, on ¢h￿rreleaSe, either8spart of&mploym8ntoras 8 conllnuing hobby.. Since 2023, an extemal evaluator has been conducting wellbeir)g SU￿eyS distributed lo 8very stllcher in their ffirst month of stitching and Ihen al regular follow-up periods with the aim of rn8asuring FCWS impact on psychologlcal health. The report will be published mid-year Sn 2026. Prison Workshops "I feel worthwhlle In thls Job. I'm dolng somethlng worthwhlle ftr me and someon• •l$•. Turning somethlng negative into something posltlvo." Flng Call Work workshop tit¢h•r from the workshop ¥ur¥•y 14

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31sf DECEMBER 2025 The Workshcp surv6y was returned by 23 stikhers from the Liidehey wotkshop and six stitchers from the Send We￿hop. Again, from the evaluator: Tr of the suNeyretums makes 11 clearlhat the atmosphere ofprodudivty where all are treated wilh rgspecl is much appreciated In the context of what Is often o 8tr8ssful prtson environment. Th¢ Fcwworkshop has b8con7e a hlghly desirable workplacemenl. All the respondents were very app￿ciall¥e of th8 work of the org8ni$8lion and of staff who vlsll and help Lyganisg the workshops in particular. Unliko wllh many prison workshops, those worklng with ond for Fcwexpressed an important sense ofGommunity ￿th both FCWst8ff and olherprisoners involvgdin Fcwwork and a sense of0wne￿￿iP andwide in b8ingpart ofthe w￿¢r Fine Cell Work family. The fact that they wgr9 eGllvely encouraged lo suggest Improvemgnts to Ihe workshop processes was a source ofpertkular satisfaction to m8ny. Perhaps Ihe most Imwtanl fact￿ lor MO￿ people w8S that the FCW wTr*shop fvll as dose 8$ Is posslble In prison lo a real wolk enwronmenl. In our parallel survey of hand slitGh8rs, very many people wmmenled on the value of being so absorbed in their wolk that th8 feeling of being in¢grceraÈed reGeded whi18 they were slitchlng. In a similar ￿y, our survey respondents. descrbed theprocess ofenterlng the workshop as leavingprison behlnd forth8 dayandremnnecling with tha outside world. Thls ggve them considerable resllience to COP? Wlth. often m8ny. y8ars of Incarceration and motivated them to plan posiYIv8ly for Ihelrevenluolrelease. The fact that the produds workers make are of such obwouslypromium qua￿ty￿rtd thlngs ofi)e8Uty were also 8 huge contrast wlth the prtson On￿rOnMent and a source of conlinuous wide and burgeoning self-worth. All those fodws ¢omblned lo relntscg wmple feelings olhumanlty and a renewed delem?Ination lo make a success of thwlives on Iheir rettKn to the communlty.. In.Prl$on Accrnditation and Recognlllon Programmgs Our Intemal m￿lI￿1ng of progresslon Includes assesslng the out￿me$ from our sp8ciall$t training accfediled by the Open CL4lege Nelwork IOCNI. In Ihe year 28 units of study were completed Sn cell groups In 14 prlsons. wllh stitchers paid £30 for each completed unit To encour89e progresslon and ongoing skndy, when a stitcher completes three units of study. they recelve an annual bonus of 10% of their eamings for the year. So lar slx sOl¢hers bvho have reached this rem8rk8ble goal. with three a¢hieving thls mlleslone In 2025. The upheaval In Ihe workthp in HMP Llttlehey impacted on the number of units of study completed wlth the 8 units Completed in 2025 down from 14 units completed In that workshop in 2024. In HMP Send tralning for OCN stsrted towards the end of the year for compl811¢￿ on Q1 in 2026. Awafds are given annualty towards the end of th8 to our stitchers whith allow us to review and reward progress and achievement, The calegorios are: ou151anding progress. excellence in stitching skill development peer mentoring speaal awards ovtstanding contribulions lo FCW Stitchers who Completed eight kits in the year and weren't nominated for an award were given a Production Commendation At year end we presented 141 awards and 53 comrnendafjtsns in cell groups and 29 awards in ourworkshops with payments lotalling over £11.800. 15

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31ST DecEM8ER 2025 Post-r•l•ase .1 Iwe th81 my words begin to convey even a Irnct￿rt ofhow thankfvl l am forgach and every one ofyou. Yt)u have 811 tou¢h8d mylife in 8 such 8 SP8U81 way and I wlll never forge¢ tha impact you have had. Tlywh Iln8co11 i hove lounda Ic￿ld in Ihe worfd and thel sp8thle forlrfe once more.- Flne Cdl Work stitcher. apprenllce and recent graduate from OTG Impact is measured through a combinalicffl of meth¢)d$. OJr8pprenllces complete wellbeing and progresslon ou851h)nnaires (Llkert S￿le) at different stsges of Iheirjourney with us lindudion. 3vweek, >monlh, 6-month. end of engagement} allowing us to keep track of changes In areas such as confidence, motivallon, sense of belonging. mental health, opfjmbsm, crealivlty, responsibllity and accountabillty. We also record pracllcal Ou1￿Me5 including engagement levds. progression into Irdining, volunteering employment, alongslde attèndance and retention. In addition, we capture personal stories. feedback and case studies whlch help demonslrdle the wider Impact of the piogramme cffl Iden￿ty. social xnn8clion. stsblllty, and when possible. desistsnce from offendlng. Whllsl resettlement, sglf48velopment. and de5iStance are not Ilnear Pr￿eSSeS and 5elba¢ks are not uncommon, our apprentices report. at regular intervals, Increases thelr sense of communlty, confidence. molivalion, creativity as a positive Co￿ng mechanism, and accountability. These Increases natuially support an increase In Ihelr general sense of wellbeSng. Coupled with progresslt)n into paid employment, volunteering, or further Ir8ining, we can reasonably surmise that these outcomes can and do support desistance and reduced r8off8nding. Volunt••rs Te8¢hlng In Prison 'FCWdoesn tiusl change the lives of the shtcherJ in prtsons but has &niiched ourlNes enonnously too - not something l expectedl- Fine Cell Work volunteer on le8chlng In pdson In 2025. we Introduced a Volunteer Survey. Respondents We￿ asked forlhelrvlews on a numberofelemenls of their work including motivation. training, safety. and volunteer support. Important￿, volunteers reported feeling valued by the organisalion, piepared for. and safe in. thelr work. The survey, which wlll be dislribut8d annually. is a valuable tool to understand the Fine Cell Work volunteering experlence. HOW WE FUND OUR WORK FCW is unlike many other criminal justice charities who are more closely Iled lo statutory commisslonlng wilh much of Ihelf Income coming from govemment contracts and lighly sp8clfied service agreements. We ar8 almost lotslly reliant on trddlng and fundralslng to run Ihe charfty- Our income breaks down as follows.. 26•h from the sale of our stitchers work 20A from prisons where we deliver groups 43A from grants from trus15 and foundations 280h from major donors. corporate support and Indlvldual glvlng 1°h from Interest income 16

FINE CELL WORK (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31sf DECEMBER 2025 Tho Soclal Entsrpriso In 2025. eamed InC￿e from charitable activileswas £382,987, up 5.5% inwme from Ihis source in 2024. This income is broken down into Income from the sale oflhe prfson-made products and inwme from prisons paying a nominal fee per place in each cell group. Income from sales was £351.737. an increase of 8% on the previous year. Income derived from the prisons where FCW deliv￿5 its services was £31.250. This total is in line wllh th& Increased Income we have received from prlsons in the last years after better information flow was established to Onal￿e the charity to work more effectivety wth prisors acG¢unting pracllc8s. Sales by Channel Tradlng Income In the year continued Its steady incmse of the last three years with growlh acr055 several categories. most notsbly gfftware. retsil partnerships and bespoke commlsslons. Sales of embroid8r8d cushSons Continued the trend of the last several years accounting for thirds of cushlon sales with needlepolnl Cushions the flnal Ihtrd. Cvstomisation of our Gushions is in¢reasingly popular increasing 11% cn the prevlous year. Cor• Product Sales- (Sales of all FCW prodLJcls less bespoke commissions) accounted for over80% of ¢wr overall tradSng Income. With over 10% of income from new products, there were 30 launched which included products made in our wom¢n'$ pnson workshtsp and new design collaborations wilh Blithfield, a new partnershlp with renowned artist Margit Wittig, and a new collaboraugn with The William Morris Society. The Success of our annual Christmas bear continues lo gamer int&resl from ¢uslomers. We increased our production run ofthe 2025 Stocking Bear by 33% raising over £8k from sa16s. This was up nearly 40% from sales of the 2024 Baklng Bear. Online sales as a % of trading 2019-2025 400000 350000 300000 250000 200C)00 150000 iooooo SDCMY) 2019 2020 2021 2022 2023 2024 2025 Total Sales Online Sales Event Sales 17

FINE CELL WORK IUMITED BY GUARANTEEI TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31S7 DECEMBER 2025 Onllne Salas - aeeA)unled for 53% of sales and oulperformed 2024 by 2.2%. Whilst thls was credibl8, 11 was disappointing after the 8% growth In 2024 on the previou5 year. Slower growth in online sales was due to: a senior staff change in th8 sales team in the run-up to the fesllve season. online orders from the US market having to be paused 89 changes in the way tarfffs were pald was dealt with by Royal Mail. Given our size, we were low on Royal Mail's priority list. meaning US orders were paused from late August lo lole December. Allhovgh accounting for a small portion of thé online budget, this resulied in a loss of approximately £10,000 (based on 2024 figures). Cushion sales online increased by 5% fuelled by better availability which allowed for a more concis8 marketlng plan, tsrgeting lop selllng it8ms. and having enough products lo sustain customer demand. Similady. a higher avallabllityof small items allowed a piomotional focus more on the'enlry level, pri¢8 points resulted in a 10% increase in small items sold onllne. Point.of.Sal• - sales from events around the c¢JJntry allows us to show¢a$e the work of the stitGhers lo enable customers to appreciate the beaulrful design, stitching and colourways. These eV￿ts not only provid8 sales opportunities. they broaden our customer base and build the polenllal for futur8 online sales. Events raised 21% of income from sales with tsyo large country sales, one In Wlllshire and a second in KenL and a number of smaller events including notable tabletop sales at Ihe Goldsmiths LNèry Comp8ny and the Minlsty of Juslice. Bespoke Commi$slon$ - income from Ihls source incraased 60% on 2024 provldlng 15% of our trading income. This year featured a wde variety of commlsslon projects, including,. dellvering a signiflcant heritage commlsslon In partnership with Charleston House comprising of four needlepolnl fa￿lmileS inspired by pieces from their historic collection. Iwo eccleslasucal commission5 for large needlepolnl altsr font kneelers were compl8t8d, one for a church in London and another for a church in the US iwo major arNvorks for the celebrated contemporary artist. Comella Parker,. from her 'Opposites' colletttion whlch compdsed of stitched text visible from both the front and the back. These pieces were created for the Govemmenl Art Collection. supplw'ng bespoke hand-slllched embroidery products lo the Royal Household. Our on-going. long-standing relationship allowed us to apply for Royal Vvarrant which, if awarded, will give recognition and prestige lo our S￿l¢her$ for Iheir work. Our relatlon8hlp wlth Rotsllers - parbcularly Royal Hospital Chelsea and Mouseklns, r8lsed 4% of income wllh sales outperforming the previous year by 27•k. We also saw the relum of a longstandlng parlnership with UK Anl8rctic Herflage Trust, with an order for 200 emperor penguins which were produced in our prison w¢Jrkshops before makSng thelr way lo Antsrctica. Developing retail partnershlps Is Important to us as the volume orders support building our production capadty In pri￿ workshops. To support our In-prison and Studio productoon, the charity cOn￿nueS lo build awareness of the c¢)portunities In the marketplace. building relationships with SU￿esSful designers and artists to develop a unde range of deslrable products and lden￿fy opportunities for commissions. It is important that FCW products appeal to our growing customer base. not only for the income trmjt so the work of our slilcheTs remains meanlngful. 18

FINE CELL WORK ILIMITEO BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 318T DECEMBER 2025 Fundraising from Grants In 2025 Fine Cell Work received £596,585 in grants from Tru515 and Fwndalions. As our largest funding stream, we are enom)ously grateful to the funders listed below- both those who are longstanding supporters providing multi-year granls, as well as those who donate annually. and the new grant funders who have placed their trust In our work.. Our ongolng, multl-year funders the Adrian Swire, Considered Ask and Aurum Trusts, the CHK Foundation, City Bridge Trust. Drapers Charitsble Fund. Garfield Weston Foundation, Philip King Trust, MIVA. Rothschild and Henry Smith Foundallons and the Eleanor Rathbone Ttusl Our generous annual funders the Aldo Trust, the Broderers Charity Fund. the Ancasler Trust. Taurus Foundation and the Michael Varah Memorlal Fund Th& John Armitage Charitable Trust and the Colyer Ferguson Trust, who gave new rnulli•year grants Awards for All, the WA Cadbury Trust, the Cedars House TTUSI, the Evan Cornish Foundation. the Goldsmiths Foundation. th& H8dley Trusl, the Inner London Poof Box, Lord Bambys Foundats'on. the Faringdon Trust, the McGr8th Trusl. the Merchant Taylors Foundation an¢J the Needlemakers Charity Fund, all of whom pledged on8-ygar grants Major Donor, Corporate and Indlvidual Fundraising The total raised from malor donors and Gorporates in 2025 was £385.559. a 25% i￿reaSe on 2024 and a refiection of the success of our strategy to diversKy fundralslng. The Nvo largest contributions lo thls total were£76,WO from a major donor supportervia thelrweallh manager as in previous years and nearly£80,000 ralsed from 184 donors via The Annual Blg Glve Christmas Challenge Appeal. The 2025Appeal raised neady double the amount ralsed through our Appeal in 2024 as, thanks to th8 generoslty of the De Laszlo FoLrndation and matched fundlng from the Reed Educational TrusL w8 had set a more ambitious target. We wntinue lo build our relationships with both new and exL£ting donors and lo this end held hvo events.. a discussion evening wllh Nazanin Zaghari-Ralcliffe refiectlng on the importance of stitching during her Incarcerati￿ in Iran. and a dinner klndly hosted by our Trustee Kit Kemp wth a speaker Irom HMPPS. Both ev8nts were hI￿lY effective In cu11N8￿ng new donors. In collaboration with our supporter. th8 Brothers Trust, w8 created a work of art 'Swallows in Flighf Ythich was aucthoned at a special event at ChriS￿e$ with the £30,000 raised lo support FCW. We thank the Trust for both this uniq￿, generous lundraising opportunity and for their c￿gOIng SUPFKSrt FCW Champions, our regular glving campaign. raised over £20,050 durlng the year. Dc*)ations rangad from £5 a month lo £2,000 per annum. from 68 dSfferenl donors. To help shape strategy and focus for our donor fundraising, a separate Development Board was established during the year which alms lo support fundraising inlllatives and broaden our fea¢h in a challenging fundraislng landscape. 19

FINE CELL WORK {UMITED BY GUARANTEE) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31- DECEMBER 2025 HOW WE COMMUNICATE with Our Stakeholdors Stltchers in Cell Groups Communicating with people in prison Is constrained. so keeping our sJlchers infomied and enpaed wlth the der FCW communlty Is a priority and key to the succ6ss of our programmes. FCW volunte8Ts visiting prison to leach the slitthers fortniuthtly provide regular Conta￿ and the chance lo relay feèdback from our central pro9rammes and production teams. However. it is also important that there is regular contsct for the sotchers directty from the producb.on team who provide kits. feedback. payment and connecon to the Vider comrnunity. FCWS productv)n team communicates with our stitchers through: Comprehenslv8 kit in$lruction5 and stitching guldes Written feedback glven for each completed hand-slit¢hed plece retumed lo the office Payment for the work when il is returned from the office Including bonuses for excellent work Forwarded letters from Customers lo the individual slllchers Visits to cell groups, explaining instructions in person or helping wlth slltchlng. partI￿19￿Y in groups that nèed more support Our 40-page magazine Stitch Up publlshed bi-annually, updatlng slltchers on thg ¢harity and the world of textiles and including contribullons from our stitchers and apprenllces Annual stitcher awards 8n¢J a personallsgd letter from the Executive Director The FCW prograrnmes team communicAteswth our stitchers primarily via Ihe volunteers with someone from that team visiling each group at least tsylce a year lo encourage personal inleradon. connect)n with the ch8rfty and address any logislical issues Wlth the group. In•rl8on Work$hop Stltchgrs Thei8 is significantty more Snl8raclion the workshop workfor( wKh both FCW and prison stsff In attendance to provlde Instru¢Uon and feedback. Whilst FCW staff run the workshop in HMP Send, there are al least weekly vists from FCW staff to the workshop in HMP Llttlehey lo provide speciallsl teaching, encouragom8nt and troubleshooting any Issues. Tho instructors in this workshop are In daily contact with FCW producllon stsff lo provlde advlce and ClarIfica￿on for regular communication wllh the workforce. Written ccqnmunlGation with the workshop stllchers indud8s.' Instrucllon in Produd Specifi¢ation files, explaining how lo make each product Monthly bonus payments lo reward produCti￿ty and skill Annual awards presented in a special ceremony Forwarding letters to the workshop as a collective group Our bi-annual Ststch Up magazine OTG Appréntlces As regular attendees in the Studio, there are numerous opportunities to communicate wlth the apprenti￿s. There is a designated Engagement and Support Officer who supports the apprentices by providlng guidance and plaC￿cal advKe. communicating with each aFprentlce In regular catchups. 20

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2025 In the workslyjp and warehouse there is rew18r contact and supervlsion wllh both FCW spedalSst slaff and volunteers providing One￿n￿ne training and e￿urageTrent. Quartedy'seNice user involvemenl meetings. wlth the workshop staff team provide a forum for apprenlices lo develop and shape the $8rvice we provide and provide a platform for communlcalion ¢)n the wider (Yganisauon. Formal graduation ceremonies for each apprentl¢e who completes the OTG programme give an opportunlty for the Executive Director and the Workshop Manager to give poslt5v8 feedbad( and celebrats the 5￿fiC contribution and development ofthe graduate. A ¢e￿￿¢ate of achiev8m8nt and a letter providing a reference for future employmenl or volunteering opportunlties Is presenled to each graduate al their ceremony. All those who were involved wSlh OTG throughout ihe 2025 came together in December to celebrate the achievements of Ihe year. This Is a vltsl community bullding evenl in the OTG calendar. Prfson Partnors With each prison we work in, we have a designated contact for FCWS programmes team. While m¢$t communlcauons are eilh8r by phone or Teams, In-person meebngs with our HMPPS contacts are organised to coinclde with staff visits lo the prlson. Our partners In HMPPS also receive Stitch Up lo Infomi them on the widgr activities of Ihe charity. Annual progress report5 on Ihe Duty)uts from the prison groups 8re sent lo the respective prison Goveming Governors, the senior management team and our dedicated prison contscl in each prison we work in. Thls provides valuable 5tstistics the prlson con use in their reporting to evid8n￿ purposeful work and posStivg outcornes. Prison Staff Awards are presented annually to prlson contacts to acknowle(e exceptlonal supporL Certificates are sent to Governing Govemors for distribution to draw attention to the support offered by 8peclffic staff. In recognitlon of the hlgh quality of txjr work In prison. our Wandsworth Prison Cushion took pride of pla on Lord Timpson's sofa in an Interview with the Prison's Minister for 'The fimes MagaJne'. Awareness of our unique provlsion of purposefvl activity was frJrther ernbedded wllhln the Ministy of Justice {MoJl when we were fealuied on their inlranel and given further credibility through a MOJ post on Linkedln. We were Included in the MOJ Christma5 Falr which faolitaled a number of USeful wnversation5 and intrc*lucllons lo key members of MOJ staff. To support OTG, in the year we focused on building closer ties with Probation to both recruit and suppcrt people po$l•release. Voluntqors Worklng nationally rneans we need lo ensure that we communicate wth our volunteers in a v8rlety of ways to bulld ¢(￿nectiOn and induslon wth FCW staff and the volunteer team. From theoulsel. we re¢ruit voluntsers using a national r8cruitrnent plaff¢xm alongslde locallobs boards, local stitching groups and guilds, through our website ond social me(ila platfomis. When we onboard volunteers, there are a number of ways in whlch we communicate with those either planning lo teach in prison or volunteer in the Studio- All volunteerswho work alongslde either people in pri50n or prlson le8v8rs receive safeguardlng trainin9 and ongoing supervlslon. 21

FINE CELL WORK IUMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31ST DECEMBER 2025 Online or. where possible. in-person, initial Iralnlng Is facllllated by our programmes and production teams and lakes place with groups over the course of a half day. It includes information on the origins of the organisation. an introdLKtion lo the criminal justice system and the context of our work. group (Jynamics and boundarfes, stttching standards and administrallon and organisalion requlred to sustain a successful cell group. Monthly online informallon sessions led and attended by volunteers respond to the need we identified for peer-led spaces. They facilitate the exchange of knowledge and sk1115 between long-standlng and new volunteers. Vclunteer Reflective Practice sessions, fadlllated onllne by the programrnes 18am, brings varied groups of 6 10 16 volunteer5 together from across our nelwork lo think about how they approach their practlce and what their volunteering means to them. They are encouraged lo rellect on both the challenges and successes of Ihelr roles. Volunteero. a vdunteer management System (VMS) and app deS￿ne￿ to help Gharltigs r￿rUIt, onboard, schedule, and communicate wlh their volunteers, was rolled out al the beginning of the year and improved the Information flow with our voluntsers leachlng in priw and the FCW staff team. Indivlt1ual c(Mnmunication with volunteers is p￿marIlY via email, addTessing S￿lfie production requlrements of Ihelr group. When the programme andlor production staff visits groups aiound the county, a report is made of observations on group facilitallon, leaching and quality control lo see what, If any. turther support is needed. To build cur volunteers. engagement wlth FCW, monthly newsletters sh8re C￿anIs8￿0nal updates. impacL good news Stories ar￿ examples of best practice. Once a year, our volunteers come together to celebrate their achievements at our annual volunt88r lunch. In 2025, over 50 volunteers from around the county 8ttended this event al the Sludio. 3rd Sector Organlrjatlons We belong lo CLINKS and The Corbett Ne￿Ork which allows us to share experiences and be51 practice wlth other organisations working In prbson and supporting prison4eavers. The FCW senior m8nagernent team and fron14ine staff attended sector conferences and webinars throughoutthe yearto bulld knowledge oflhe sector and share best practice. To explore parlnership opportunities wSlhln the sector. we hosted indiwdual charities supporting people post- release al the Studio Ihroughovt the year. Thls year marked the 50th anniversary of Prisons Week. Our Execuove Director was invited lo give The Annual Prison5' Week Lecture hosted by The Liverpool Dlocesan Council for Swial ￿'d on the rehabilitatlve benefrts of FCWS programmes. Hosted in the magnlficenl Liverpool Cathedral. il gave a good opportunlty to share our work wllh a large audience of people ellher working in criminal justice or with an Inleyest in social justice. Being partof the Justice forAII lecluw series al the Old Bailey allowed us lo introduce a number of delegates to FCW. The series was wi¢Jely attenéed by sector colleagues and represented an Snvaluablo opportunity lo raise the profile of the organisatM)n. 22

FINE CELL WORK (LIMITED BY GUARANTEEI TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31- DECEMBER 2025 With Customers, Donors and Supporters Evgnts Events continue to provide us wllh opportunities to raise profile In Ihe sector by showcasing our work. speaking to new audiences around the country about FCW and shifting public opinion about what Can be ad)leved by people In prfson. Our first event of the year-"Nozanln Zaghwi4atclrfe in convgrsalit)n wthiournalist Cathy Newm8n'°was in front of a sold-out of audience of 250 people. Nazanin spoke about how sli1thSng has hèlped her both In prison and since she's been released. Our eoll8boralion wlh The Royal Hospital Chelsea was featured on the BBC News and in 'The Tin7es' fwusing on the cushions we made from the distinctiv8 scarfet coals that were prominenuy displayed on the gold medal-wnning Chelsea Pensioners, Garden al the Chebea Flower Show this year. FCWS 'Coll QUHI,, that represents the dimensions aThJ contents of a tsvwerson prlson cell in stitch. was exhitmted in the British Library's exhibitlon entilled'SecretMaps'. Wrth a footfall of ov8r45,000, the exhibition allowed us to i￿reaSe awat8n8ss of our work to a very wlde audience. A stand at the annual Festlv81 of Qullts In Birmingham gave us th8 Opportunity to tell the sw of our work in prisons to an audie￿0 well versed in the benefits of cre8tSvOty and sb"tching. Working in collaboration with the V&A's Creab've Resident for Ceramics, Clara Ngufeldt, our apprenbces created fjles Ihot dad the Make 8 Msh fountaln. Thls athork forms central part of a ye8r4ong exhibition prominently positioned in the V&A. Onllne Newsl•tt•r Wo mainlaln a ¢￿SiStent programme of weekly ema51 rw4sletters to a subsrAiber base of drca.12.000, delNering over 60 campaigns across the year. Engagement remains strong, with open rates averaging around 48% and dick-through rates just Over 4%. signnlcantly above sector benchmarks. Ernail continue5 to play a central role in driving e-commerce perfomiance, generallng £261.000 in altributed revenue in 2025 for both sales and donallons. on inc¥ease on revenue of £252,000 achi8v8d in 2024. Campaigns balance produc14ed m8ssaging with storytelling that highlights the skill, ¢￿al1vity and impact of cur slltchers. work. Email also Supports wider organi5alional objectives, Ilke Ihg Big Give campalgn, and helps brfng lo Ilfe the stories of our 51ilchers, apprenllces and volunteers to deepen engagemenl wSlh our audience. Soclal Media In 2025. our ￿31 media presence conllnued to grow. w(Ih Instagram remalning our strongest ant1 most engaged platfomi. Over the course of the year, our Instagram communlty grew by 1¢yh. reachlng 17.620 followers by December 2025. This growth was driven by a more strategic content approach. stronger visual storytelling. and a conllnued focus on audience engagemenL Video4ed conlenl perfomied parbcularfy well, with several reels achlevlng slgnrficanlly abov&aver8ge reach and Interactlon. helplng Introduce FCW lo new audl8nces whlle dgeponing engagement with our exlsllng community. 23

FINE CELL WORK (LIMITED BY GUARANTEE} TRUSTEes' REPORT {CONTINUED) FOR THE YEAR ENDED 31- DECEMBER 2025 Alongside Inslagram. we malntsln an acllve presence across Facebook. Llnkedln, X. and TikTok. enabling us to broaden awareness of our wort, share our social impact. and connect wlth dlveT¥e audiences 8cross multiple channéls. Our soclal content provides a 360-degre8 VFew of the charity throughout the yeor, balanting commerc181 aclivlty wllh storytelllng that raises awareness of our work and programmes, supports fundraising, helps recruit staff and volunteers, and $hines a Ilghl on the loumeys of the p￿P1a we support&J In pTSson and bey¢)nd. Wobsit• 2025 Our website plays a ￿ts1 role as both a commercAal pl8tfom and 8 key communlcations hub, helplng us engage with a broad rang8 of audiences includlng customers, donors. supwlers. volunteers, referral parthers, and people leaving prison. One of the most signltlcant developments Ihls year was th8 launch of a dedicated onlbne sectlon for prison leavers and referral partners which was sugg8sted and overseen by ihe Board Advisory Group. A¢￿SIble direcljy from the main websSte navlgallon, thls new area was created to make FCWS OTG programffle easier lo ac¢ess and un(ier5tand. It provides Clear information on eligibility, the application procéss, and whal indlvlduals can expect from the programme. alongside both digllal and printable applicabon forms to help remove barriers to access. To further supwrt Individuals transitionlng back Into the C￿￿MunIty. again at the instigation of Ihe Board Advisory Group. we introduced a dedicated wellbelng resource offerfng practical guldance, wellbeing advlce, and slgnposling to extemal organisations that can provide additional mentsl health and resetuemènl support. In addition, a newgraduate stories section was launched lo share the experien¢esof programme participants, helping bring the impact of OTG lo life through ￿81 stories and outcomes. Alongslde supporttng 8ervlck users. thg website contbnues to play an Importanl role in engaging donors, frJnder5, volunteers. and wider supporters. Through Impact-led slftyelling. campalgn pages, news updates. and programme contenl. the webslte communicates the breadth of our work, builds Irusl wSth supporters. and encourages donations. volunteering. and long-lgrm engagement ¥wth Ihe charlty. FrLWll a commerclal perspective. the website also contlnues lo evofve as a stronger trcommerce plafft)Tm. Pr(KJuct pages were enhanced with complementary product recomwnendalions. helping customers discover related products. improvlng uoss-selling opportunities, and support(ng increased basket value. Throughout the year. the website remalned a central plarform for showcasing new collecbons, partnerships. campaigns, and events- ensuring visitors gain 8 full understanding of both Fine Cell Work's products and purpose. FUTURE AREAS OF FOCUS Strategy The current five-year btjsiness plan comes lo an end in 2026. Taking the leamlng from these post-covid years and mindful of the evolving capaclty sllualion in prisons ohead of new prisons openlng al Ihe ond of the decade, we have agreed wllh the Board that we should restrict our planning lo three years hence. The 2027 - 2029 Strategic Plan will be developed during 2026 with sign-off al the September 2026 Board meeting. 24

FINE CELL WORK IUMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) ST FOR THE YEAR ENDED 31 DECEMBER 2025 The plan will fo￿5 on three key pillars- Growih at a sustainable rate: For cell groups.. lo balance availability of wot1( our slltGhers and our ability to sell what is produced. our plan is for stitcher numbers over 2027 to 2029 to grow approximately 200A on the 2025 total Focus growth on prisons in the women's estate and openlng rthy groups in men's prisons Wlth settled populations wher8 we have an exisling group with long wait lists For in-prison workshops: estsbllsh a naw workshop to build productfjon reslllence by reduclng our reliance on the workshop in HMP knttlehey for the majority of our machining grow our workshop workforce by 2SVo over the tenure of the plan For OTG.. Support 30 prison-leavers each year Develop a remote support programme lo provido assistance post-release lo our stitchers not released lo the Southeasl Diverslfylng preéominantly by.. working wlth more woman in prison revie%￿n9 fundlng sources to improve our abillty to better navigate external challenges includSng economic downturns and Increases lo supply costs. broaderblng ourtarget euslomer segments and product ranges to attract new customers and furth&r penelrale existing markets Demonstrating by quantifying our impact transforming abslra¢l outcome5 into hard metrics by broadening our current evaluation to indude.. Social value Mental health Flnancl81 resS1ience The So¢lal Enterpriso Key lo our capacity to grow stitcher numbers Is the growth of the $o¢ial entèrprlse. To support Ihls growth we plan lo- Host sales events around the country which are an 8ffective way of building our ne￿orkS and custom8r base which in lum lead to growth in online sales. In 2026, we will organise four or five events in different parts of the country focusing parb'cularly on the Northeast and Northwest of England where we have a large concenlration of slil¢hers with groups opened Sn two prisons new lo FCW in the last 18 months. Explore corporate gifting. The light margins we have on all our products make il difficult to offer significant discounts to relallers. Our current retail partnerships 8c¢epl lower mark ups from producls we supply. 11 can be challenging to develop new retail relalionshlps lo scale. Instead, as we grow our corporate partnershlps lo support the wider organlsatlon. we will focus on building corporate glftlng to buSld sales. Encourage a younger demographic of CLtslomers, working with new and emerging design and art151ic tslent to attract young. design-aware customers. Establish a more systematlc process foi product development, creating a product range plan of existing deslgns lo identify ar8as of overfap and areas of opportunity for new ranges. Fundraislng Our success in diversifying our Sncomg streams has led to a number of new relationshlps and partnershlps. This needs to Con￿nUe In an increasingly competitive fundraising envlronmenl. For trusts and foundations. in a year where mulli-year grants come lo an end, securing new multi-year grants from both new and existing donors Is Crwial. 25

FINE CELL WORK {LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2025 We ar8 keen lo encourage opportunlUes for events and will plan 30-year celebrat1r￿S in 2027 to optimisg fundraising opportunities by- organising events to engage our loyal, longstanding supporters partnering with successful artists and desi9ner$ to create artworks for sale wth all proceed$ goSng lo the eharity Identifying tspportunllles to encourage donors and supporters outside of our usual demographics Supportlng Ihg Staff Team Working wlth people in prison and post-release requlres the stsff team to have a pO￿lIve mbndset and the determination to ins￿1 hope, selfeli8f and the tools Ic> empower our b8n8ficiaries to build a lulure away from crfme. FCW has 8 loyol. harO￿orkIng. enlerpdslng staff leam, with nearly 40% of the stsff having worked with us for al least seven years. With a small stsff team WOTking lor a charity with a national reach. covering a broad range of expertise lo undertake a multitud8 Df interrelated speuallsl activllles, we prioritise 5UPPOrt of th8 team by organising OPPDrtunilies lo build resilience. wellbelng, teamwork and professlonal development. Thi$ year, we provlded support for fronlline stsff with individual professional ext8rnal supervision. We Introduced monthly group RefleG1ive Practice for the m8nagemenl team supervised by a professional psychologist. The ongoing 'buddy system,, which gives each member of the team a buddy from 8 wlder team to support each other and tske 'buddy walks, together. Supports improved wellbeing, empathy and CompaS￿on wilhln the team. Each mcnth. dIffe￿nt members of the stsff team cook and serve a commullity lunch fcy staff, apprentices. and volunteers to bulld on the sense of community in the Studio. With financlal resour￿$. we are deVelo￿.ng new ways of working lo 811ress touch points that impact the wlder organisalion to help the staff team work more efficiently and effe¢￿'velY together. We wlll ￿VIeW how each le8m fiJn¢tion$ as a unit and what operational limitations ihey are dealing with., to identify ways we can use small addllional lunding lo buil(1 capacity for significant impact. With more streamlined p￿eSseS. we a￿ ereating operatlonal capaclty to support more people in prfsc4). PRINCIPLE RISKS AND UNCERTAINTIES Using a comprehensfve Risk Register. the Trustees regularly 85sess the major risks lo which the ch8rtty is exposed and Ihe systems established to manage and mlllgale Ihose risks. Key areas that undergo risk assessment are eurrenlly threats to revenue, working in the community. WOTklng in prisons {parbculady with the current staff shortages across the estate and Ihe prison capacity restr8ints}. st8ff-r8laled risks and IT Infrastructure dsks. The risk of a drop In exlemal funding is mitigat8d by a strategic plan to increase FCW'S sustainability through product sales. new funding sources and Increased fundlng resources. The reserves pollcy soeks lo retain sufficient fvnds lo cover any short-term fijnding losses. Inlemal control rfsks are minimlsed by procedures for the authorisalion of transactions and prdects. Rlsk with th& OTG post-release programme Is mltigaled by building relalionships with Probatlon and other organisatic￿$ working with prison leavers and the supkvrt of a tru$lee who has many years, exp8ri8nce working in prison and In HMPPS providlng expertise and kno￿edge lo both the Board and the senior management team. 26

FINE CELL WORK (UMITEO BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31￿ DECEM8ER 2025 The rtsk to volunteers working in prisons Is mitigated by ongolng and increaslng trair)ing by FCW staff and exlemal professionals lo enhance thelr reslllence and knowl8dg8. and also by working wth pAsons lo ensure a safe envlronmenl for our volunteers. The slraln on prfson ￿paCity drives high4evels of and frequent ehangès to prison and probation policies and increased prfsoner movement wllhin the estate. Currendy stsffing levels of front-Iln8 prfson and probation officers Is of concem as Ihis could affect prisons. abllty lo accommod8te our vc4unt*rs and actiwlies. This 15 mitigated by worklng wlth our partners in HMPPS, the trustees. professionols in thè field and other prlson charities to ensure an understanding of the overall prlson environment. In order to be mole embedded Sn the prison estate. we conllnued lo build a closer working relalionshlp with HMPPS. Staff risks relate to the relenlicffl of key members of stsff, Staff ￿rUItment and stsff safety. To mllMJale these risks. salary reviews. bullding stsff re5ilien¢8. encouraging and supporting staff trainlng, and stsiGt policies goveming worklng with prison leavers in the charlty's premSses are in place. Increasing the focus on stsff wellbelng, team building and personal development has agaln been a feature of the year, and this will bo builton and continue in thJtufe. Organlsallonal reviews lake place regularfy to ensure thatthe most approprfalg Staff structure is in plac£ to support the work of Ihe eharity and the reslllence of team members. IT infrastructure rlsk assessment covers key datsbases. suth as our supporter database and Informall¢Jn on the server and includes baCk￿P protocols lo recover and restore lost data should any loss occur. FCW'S Emplo￿5 Liability, Public ￿ability. sto¢k. buildings. office contents, lerforism and business interruption insurance poliues ftjrther minimise the financAal risk5 to the charlty. The charity has appropriate health and safety and safe￿ardIng policies In place. FINANCIAL REVIEW In 2025, FCW'S total incoming resources were £1,376,795 up 4% on the previous year. Donations and grant inwme were up 40A on 2024. Income from the sal8 of prisoner5, ￿rk was up 8% on 2024. RESERVES POLICY The Trustees have estsblished o poli¢y whereby the unreslrlcted funds not commlttod In tangible assets held by the charity should be rnaintained at a level of four to slx months of budgeted expenditure. currently equal tr) £647,808 for six months in general funds. At this level, the Trustees feet they would be able lo conbnue the cuffenl activities ofthe charity in the eventof a significant drop in funding or otherchanged ¢i￿um$￿n￿S. 11 remabns a core aim to bull(J and maintain FCW'S unrestricted re8erve8 al Ihls level. At the end of 2024, FCW parllcipaled In The Big Give lundrdising initiative. Thls ralsed £41,100 and Ihe Trustees have resolved to designate this sum to be used In 2025 to build stitcher numbers in prison. This fun¢J has been released, and the remaining designated funds represent the value of the fixed assets. There is also a $eparale designated reserve equal lo the valu8 of the charit￿$ fixed asset nel btr)k value that is retained. This is in accordance with current best pracllce. Total Teserves al the year end were £817,665 12024 £817.5951 of which £22.882 We￿ restrlcled 12024 £28.0001, £30.281 were designated 12024 £69.048) and £764.502 unrestricted 12024 £720,547}. Fre reserves at year end were £764,S0212024 £720,547}. 27

FINE CELL WORK <UMITED BY GUARANTEEI TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31st DECEMBER 2025 CORPORATE AND SOCIAL RESPONSIBILITY FCW has sel the goal of going beyond Its chailtsble mission in order lo make positive conlrfbutions to the wider communty. our stskeh(Aders and society. W¢ aim to athleve this by: Asslgnlng clear aecountsbility for sustainability and rèsponsible busSness practices at senior management and Board level, ensuring that safeguafding, soclal value. and environmental impact are embedded wilhln th& organlsalion Producing, implementing, and regulady reviewing our organisational sustainablity policy lo ensure that our operations remaln ethical. envlronmenlally responsible, socially consciou5, and legally compliant Using dats, feedback. and continuous leaming lo improve our seThKes, increas8 social value, and ensure that our ath'vlttes continue lo respond effeclwely to changing communty. sector, and stskeholder nee(Is Working collaboralively wllh HMPPS. employers, and ￿Mmunity partngrs lo support purpos8ful a¢￿Vity in custody and create positive r8setMement and progression pathways post release Supporting the equality. diversity. wellbeing, safety. and professional development of FCW staff through inclijsive policies, wellbeing initialive5, Iralning, and other ¢Jpportunilies for growth and progresslon. We remain committed to falr pay and are Proud lo b& accredited by the Living Wage Foundatio Prownoting a pos61ive, incluslve, safe. and supportiv& cul￿re for vdunleers, recognising the valuable eonlribulion they make and providing meaningful opportunltbes to pa￿¢1p￿te in. and help shape. our programmes Bullding positiv8 and ethical relationships with suppllers. contractors. commissioners, and cteallve partners. indudbng fair procurement practice5 and prompt payment processes Minlmlslng our envlronmentsl impact by reducing waste. increasing recycling, promo￿ng reuse and upcycling initiatives, sourcing ethical and sustsinable materia15 wherever possible. and encouraging greener working practices. We are parbcul8rly proud of our product lines that specifically reuse donated materials that would otherwise go lo landfill. Strengthening our govemance. accountabillty, and Iransp8rency by regulaily revi￿1n￿ our policies, reporting on outcomes and impact, and engaging openly wlth stakehotders and the communrties we serve bolh prison and outside Malntaining strong finanryal governance and resilience ki ensure the long-lemi sustainability ané effectiveness of our work and charitable objectives Delivering sustainable and measurable outcomes for FCW beneficiaries and communlties, supportlng rehabililalion, reducing reoffgndlng, and ertabling indfviduals to lead safe. meaningful, independent. and crime-free lives. Seeklng to improve crtjr govemance and transparen￿ to enable the community lo understand our mlssion and our txJ&live outcomes. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees are responsible for keeping adequate accounting records that disclose with reasonable 8ccuracy al any lime th& financial position of the charity and enable them lo ensure that the accounts comply wllh the Companie5 A¢1 2006. They are also responsible for saf8guarding the assets ofthe charity and hence for taking reasonablè steps for the prev8ntion and detection of fraud and othet irregularit¢es. The trustses. Ytho are also the directors of FCW for the wrpose of company law. are responslble for propaiing the Trustees, Report and Ihe financlal slalements in ¥cordance with applicable law and United Kingdom Accountlng Standar(Is (United Kingdom Generally Accepted Accountlng Practice). Including Financial Reporting Standard 102'The Financial Reporting Standard in the UK and Republic of Ireland,. 28

FINE CELL WORK IUMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31- DECEMBER 2025 Company law requirès the trustees to prepare financial statements for each financial year which gve a Irug and fair vlew of the ststs of affairs of the charity and of the incomlng resources and appllcation of resource& Induding the Incorne and expenditure, of the charitsble company for that year. In preparfng these flnand81 statements. the Iruslees afft required to: select suitable ac¢ounUng polilies and then apply them consistenuy: obseThe the methods and prindples In the Charftles SORP,. make judgements and estinwtes that are reasonable aTra pwdenl.. and preparè the fina￿la1 slatements on the going concem basls unles$ 11 Is Inapproprlate to pregjme that the charity will continue Sn operatton. On behalf of the Board of Trustèes Jennlfer Rad8maker (Chak) /G/6/2 Dale 29

FINE CELL WORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF FINE CELL WORK W8 have audited th8 fina￿la1 statements of FINE CELL WORK (Ihe'charitable company'i forlhe yearended 31 December 2025 ￿1¢h ¢ompMse the Stslemenl of Financial Actlvi1Ses. the Balance sheeL the Statement of cash flows and the related notes, including a summary of significant acceuntir¥J policaes. The finand81 reporting framework that has b8en applied in their preparation is appllcable law and United Kingdom Accounting Standards. Includlng FSnancial Reporting Standard 102 The Financial Reporting Standard appllcable Sn the UK and R&public of Ireland Iunlled Klngdom Generally Accepted ACCC￿n￿n9 Practlce). In our Opinic￿ the ffin8naal statements- give true and faSr vlew of the state of the chadtabl8 company's affairs as at 31 December 2025 and of its incoming resources and appllcation of resources. Including Its Income and expenditure for the year have been proporly prepareej In &Csxdance with United lfjngdom Generatly Aecepted Accounb'ng Practlce., and have been ptypared In accordano wilh the requirements of the Companles Act 2006. 8a818 for oplnion We conduGted our audit in accordance wllh Inlernalonal Standards on Audittng (UK) {ISAs IUKII and applicable law. Our responsibllilies under those stsnd8rds are further descrlbed in the Audltorfs re5ponslbilities for the audit of the financial statements section of our reporL We are independent of the charitable company charity In aCC(￿danCe with ihe ethical requlremenls that a￿ relevant lo our audit of the financial ststements in the UK, including the Flnanaal Reporting Council's Eihlcal Standard. and we havg fulfilled our olher ethical responslbilities In accordanc& with these requlrements. We believe that the audit eVid￿ce we have obtaine(l is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng lo going COn￿M In audliing Ihe financial statements, we have conclude(l that the Truslee$' use of the going concem basls of accounting in the preparation of the financial statements 1$ appropriate. Based on the work we have perfomed, we have not idenufied any material uncertainties relafjng to events 01 condltions that, individually or collectlvely, may cast significant doubl on Ihe charity's abS11ty lo continue as a going concem foi a pertod of al least twelve months from when the financial stslements are aulhofised for issue. Our responslbllities and the responsibilliies of the Truslees with r8spe¢t to going cMc8m are dgscrlbed in the relevanl secb'ons of thi5 r8port. Olher Infomiation Th& trnslges are responslble for the other inf0ma￿On. The other infomialion comprises the Infom8tion Included in the govemors. annual report, olherthan the financi81 statements and tsur audltorfs report Ihereon. Our opinion on the financial statements does not cover the other informauon and. except to the exlenl otherwise expl￿tlY stated In ¢￿r report, W8 do not exrxess arry f￿M of assurance condusion thereon. In conn8Ctfon wlth our au(iltof the flnancral stslements, our responstbillty is to read the other infixmalion and, in dolng so, consider whether the 0th8r Information is materially Inconsistent with the financial statements or our knO￿edge obtained in the audit or olherwlse appears lo be materially misstated. If we identify such material Ineonsislencles or apparent material misslalements, we are required to determine whether there is a material misstatement in the financial 51atements or a mated81 misslalemenl of Ihe other infomation. If. 30

FINE CELL WORK r the finanryal year for which the finanrial slalements are prepared Is consistent with the financlal statements.. and the Iruslees, report {incorporallng the dlreGtors' report) have been prePa￿d In aco)rdance wllh applicable legal rèquirements. Matters on which w• aT• roqulrod to r•port by exe8ptlon In the light of our knowledge and understsnding of the charjlable company and its envir(￿ment obtalned In the course of the audit, we have not Idenllfied material misstatements In Ihe trustees. rep¢)rt (incorporating the directors, reporti. We have nolhlng lo report in respect of the following matters in rglalS¢M lo which the C¢)mpanles Act 2006 requires us to report lo you rf, in our opinion.. adequate acc>)unting records have not been kept by the tharitable company, fx retums 8dequale for our audil have not been received from branches not visited by us; or Ihe charttable company finanaal statements are not In agreement with thg accounllng records and returns,. or certain disclosures of directQTS' remuneralion specified by law arg not made,. or we have not recewed all the infomialion and explana￿on$ we requlre for our audlt.. or the Trustees were not entitled lo prepare the financial statements Sn accordance with the smajl companies ieglme ant1 tske advantage of the small companies, exemptions In preparing the trust8es' Report and from the requirement lo pr8pare a Strategic Report. Rebponslbllities of th• tru$ts•$ As explained more fulty in the tru5tees' resppnslbllllies statement. Ihe Iruslees (who are also the difectors of the charitable company for the purposes of company law} are responsible for the preparation of the financial sta18ments and for being safjsfled that they giv8 a true and fair vlew, and ffx such Internal control as the trustees determlne is necessary lo enable the preparation offin8naal Ststeff￿nts that are fr& from malerlal mlsstalemenl, whether due lo fraud or error. In preparing the financial stalemfjnts, the trustees are responsibie for assesslng the Charitable companys ability lo continuo as a going concern. dlscr0￿ng, as applicable. matters relaled lo going concern and using the going concem basls of accounting unless the Iruslees either Intend to Ilquidale Ihe Gharltsble company or to cease operations. or have no realistic altemalve bul to do so. 31

FINE CELLWORK {UMITED BY GUARANTEE) REPORT OF THE INDEPENDENT AUDITORS {CONTINUED} TO THE MEMBERS OF FINE CELL WORK Auditorfs responsibllltles for tho oudlt of the Ilnanclal statements Our objectives ale to obtsin reasonable assurance about wheiher the financlal 8tatements as a whole are free from material misstslement. whether due to fraud or error. and to issue an Auditorfs report that indudes ouroplnion. Reasonable assurance is a high level of8s￿rance but Is not a guarantee thatan audilconducted in accordan￿ wbth ISAS {UK) will 3￿y$ detscl a material misstalemenl when it exlsts. Mlsst8lements can arlse from fraud or error and are consldered materlal if. IndiV￿uallY or in the aggregate, th8ycould reasonably be expected lo influence the economic deasions of us8rs taken on th? basis of these finandal slalemenls. Because of the Inherent lim[ta￿onS of an audh, there is a rfsk that we will not delecl all irrogularities. including those leading lo a materfal mi5Statem8nt in the financial ststements OT non-compliance with regul8llon. Thls risk increases the more thatcompliance with a law or 18gula0on is removed from the events and transactions refiectsd In the financlal stslements, as we wlll be less likely to be￿me aware of instances of non- ccfflpliance. The risk Is also greater regardlng irregularities occurrtng due to fraud rather than error, as fraud involves inten11c￿81 conc&almenl, forgery. wllusion, ornissirn or mlsrepresentatlcfft. Th8 SP8cyfic Procedure$ for this engagement that we de5ignod and performed lo delecl malerlal misstslements in respect of irregulartles. induding fraud. were as follows.. Enqulry of managèment and those charged wllh wvernanGe around actual and polentlal Illigallon and daims., Eftquiry of managernenl and those charged wlth govemanco to idenlfy 8ny material Instances of non-compliance ￿th laws and r8gulallon& Reviewing financial statement dSsdo8ures and le5ting to supporting documentation lo ass8SS ccthpIian￿ wilh appllcable laws and regulallons Performing aydlt worf( lo addr&ss the rlsk of Irreguladtles due lo management override of controls, Incluthng testing of loum81 enlries and other adjustments for appropriateness, evaluating the business rationale of significant transac15c￿$ outside Ihe nomi81 course of business and reviewng accc4Jnting estimates for evidence of bla$. A further description of our r85ponsiblllti6s for the audll of the financiol stslements Is Iocoled on the Fin8ncAal Reporting Council's webslte al= www.frc.org.uklèuditorsresponsibilities. Thls description fomis part of our Audilorfs report. Use of Qur raport This reptsrt is made solely lo th8 charitable company's member8, as 8 boty, in accordanca ￿th Chapter 3 of Part 16 of the Companles Act 2006. Our audll work has b88n undertaken so that we might stsle to the charitable company's m8mb8rs those matters we are required to Stale to them in an auditorfs ￿port and for no other purpose. To the fullest exlenl pemiltted by law. we do not accopl ¢X assume r8spc*)sih'lity lo anyone other than the charitable company and the charitable company's members as a body. for our audll work, for Ihis report. or for Ihe opinlons we have fomed. 32

FINE CELL WORK (LIMITED BY GUARANTEE) REPORT OF THE INDEPENDEP￿ AUDITORS {CONTINUED) TOTHE MEMBERS OF FINE CELL INORK Alexander Peal Bsc (H(￿} FCA DChA (Senior Statutory ALKSitor} for and on b8halfof James Cowper Kresion Audlt Z? Dale Apex FO￿￿ry Road Readlng RG1 1AX 33

FINE CELL WORK (LIMITED 8Y GUARANTEEI STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 Un- roslrfctsd Restrlcted Designated FurKIs Funds Funds Nots8 Totsl 2025 Totsl 2024 Income from: Don81ion5 anfl grants Charflable actlvlties Investment income 577,059 382.987 11.664 405,085 981144 381987 945.031 363.049 14.346 Total inc¢me 971.710 405.085 1.371795 1,322,426 Ex nditur• on: Cost of Ralslng Funds Charltable actlvltles Prisoner Training & Support 1TI.014 177,014 202.971 789,508 410,203 1.199.711 1,088.922 Totsl oxp•nditur• 966,522 410.203 1,376.n5 1,291,893 Net incomellexpgndituro} 5,188 15,118) 70 30,533 Transfer betsveen funds 38,967 (38.9671 Fund balances at 1 January 2025 720.347 28.000 69.248 817.595 787.062 Fund balances at 31 Doc•mb•r 2025 764,502 22.882 30,281 817,665 817,595 All acllvllle5 of the Charity are classified 8s contlnulng. There are no other rac￿gnised gains or10s8e8 other than those reported on the Statement of Finan￿81 Activities. The notes on pages 37 to 53 form part of Ihes& accounts. 34

FINE CELL WORK IUMITED BY GUARANTEEI BALANCE SHEET AS AT 31 DECEM8ER2025 2025 2024 Flxod as$ots Tangible assets 30,281 27,847 30.281 27,847 Current assets Stocks Debtors Cash at bank and in hand 243,479 79,091 545.411 221,540 70,148 571,439 10 867,981 12.500 863,127 12.500 Non<urrent a$￿t8 Creditors: amount8 falllng due wlthln ono y•ar 11 (93.097) {85,879} Net current assgts 787,384 789.748 Total assets les$ current Ilabllltles 817,665 817,595 InGome furkds Restricted funds Deslgnated funds Unrestricted funds 14 16 17 22.882 30.281 764,502 28.000 69.048 720,547 817,665 817,595 The Trustees acknowledge their ￿SponsIbl11￿es for eomptying with the requirements of the Aet with respect to AcGounting records and preparallon offinan¢lal slalements. The financlal statements have been prepared In accordance wlltt tho provl4on$ appl¢abl¢ to &ntlties $ubjecl lo the small companies, regime. The financial statements were approved and auihorised for issue by the Trustees signed on their behalf by= Elizabeth Rose (Treasurer) ..l-6lT)&j.L￿........ Dale Company Registration No. 03095350 The notes on pages 37 to 53 form part of these ￿￿oUnts. 35

FINE CELL WORK IUMITED BY GUARANTEEI CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Cash flows from operatlng actlv5tle8: Ntst Ir￿818xpendtture for th6 yéar pr9aabon of taNJiNe flxed assets Increasellthrgasel In credrto Ilncrea8eydecrg&rye in debtor Iln¢roasoYds¢reasg in stocks Investment incA)me 70 30,533 24,120 8.994 17,2541 122,5341 114.3461 16.492 7.218 <8,943) 121,9391 111.664) io N•t t8sh provld•d byl{used In) operattng activitie• {18,7661 19.513 Cashfiows from Investlng actlvltle5 Interest income 11,6 (18.9261 14.346 124,435} Pwchase of tsn9Ib￿ flxed assets Cash provldod byl{u$od Inl Snv&sling actlvltles (7,2621 110.089} Increa8elldecroa801 in ¢a•h 126.0281 9.424 Cash and cash equlvalents at the b•glnnlng ￿th* year 571.439 562.015 Cash and cash ewlvalents at the of 54S.411 571,439 1 Jan 2025 Cashfl 31 DK 2025 Ca8h at bank and In hand 571.439 126.0281 545.411 The notes on pages 37 to 53 form part of fhese accounts. 36

FINE CELL WORK {UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Stalutory Infom)atlon Finè Cell Work is a charitable Company. Ilmbled by guarantee, reglstered In England and Wale5. Thè charitable company's registered numbèr registered offic& address can be found m the Legal and Admlnlstratlve Infomiation page. Accounting policies Ba¥1¥ of preparatlon The financial slalements have been prepared in accordance with Accounting and RekKJrtSng by Charities.. Statement of Recommended Pra¢li¢e applicable to charities preparing Ihelr accounts in accordance with the Finanaal Reporting Standard applicable In the UK and Republic of Ireland (FRS1021 leffeclive 1 January 2019}- (Charities SORP {FRS 10211, the Financjal Reporting Slandard appllcable In the UK 8nd Republic of Ireland IFRS1021 and the Companies Act 2006. Fln8 Cell Work rn￿1$ the definitron of a public benefit enuty under FRS102. Assets and liabilities are initially r8CO9nised al historical cost or transacllon value unless othe￿ise stated in the relevant accounting policy nole(s). There are no matsrSal uncertainties about Fine Cell Work's ability lo continue as ? golng Con￿￿. Incom• All income is recognised once the company has entitlement to the income. it is probable that the ineome wlll b6 received and the amcwnl of income re￿1Vable can be measured reliably. Charftable Activities- iepresenls In¢¢)me from 5ale5 of goods and 15 recognised when receivable. excluding Value Added Tax. Grants ar8 included in the Statement of financlal aclvllies on a receivable bags. The balance of income received for specnlc purposes bul not expended durfng the peric￿ is shown In the relevant funds on the Balance Sheet. Vvheie income is received in advance of enlluemenl of re￿1￿1, its recognition is deferred and included in creditors and deferred Income. Where enth'mement occurs before income is received. the income is ac(yuèd. 2.3 Exp•ndituro Expendllure is included in the Statement of Flnanclal A￿VItIeS on an accruals basls. Indusive of any VAT whSch cannot be recovered. Costs of raising funds cofflprlses th0$8 costs Incurred In order to ralse fvnds frcm extgmal sources. Charttable a¢tivlty expendrture comprises those costs Sncurred by the charity in the delivery of its aclivities and ServI￿S for 115 beneficiaries. 11 Includes both costs that can be allocated directly to such a¢tivities and those costs of an indirect nature necessary lo support them. It also indudes costs associated with meetlng the constitutional and statutory requlremenls of the charity. All ￿$ts are allocated between the expenditure categorles of the Slalement of FSnanclal Activities on basls designed to reflect the use of the resource. Costs relating lo a parbcular activity are allocated diwlly. others are apportioned on a staff time basis. 37

FINE CELL WORK {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 2.4 Tangible Ilxod a$sots and dgpro¢latlon T8ngible fixed assets are slated al cost less dgpre¢lalion. Deprecialon is provlded al rates ealculated to write Off the cost less estimated resldual value of ea¢h asset over its e¥pecl8d useful life. as foll¢)ws.' Plant and machlnery Flxtures, fittings and equlpmenl 3 years straight line basis 3 years Straight line basi5 L•asing and hlro purchas¢ commltment8 Rentsls payable under operating leases are charged agalnsl Income on a straight Iln8 basis over the period of the lease. Debtorn Trade and other debtors are recognised at the settlement amount due after any tradfr discounts. Cash at bank and in hand Cash al bank and In hand includes cash and short lem highly liquld Investments. The Trustees seek lo use short and medlum lemi deposits where possible lo maximise the r6turn on monies held al the bank and to manage cash flow. 2.8 Cr•ditors and provisions Credllors and provislons are recognised wheie the thadty has a present obllgallon r8sulliThJ from a p851 event that wlll probably result in Ihe transfer of funds to a third party and the amount due lo settle the obligation can be measured or estomalefl reliably. 2.9 Stock and work in progress Stock is valued at the lower of ￿5t and nel realisable value. 2.10 Pènsions The charifyoperates a defined ¢ontrlbu110115 pension scheme. Conlribution5 ale charged Sn the accounts as they become payable in accOrdar￿e with the rules of the scheme. 2.11 Fund a¢¢ounUng The charfty has variou5 funds for which It Is responslble.. The Trustees also authorised the cr8alion of 8 designated fund to cover the Fixed Asset value. 2.12 Taxation The comp8ny is a rogistefed charity (number.. 1049095). Al of the chari￿$ income falls ￿thin thtr exemplions set out in part 11 of the Corporation Tax Act 2010. 38

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 2.13 FlnanGlal Instrumonts The eompany only has ffinanaal a$s81$ and financial Ilabllllles of a kSnd that qualify as basic financial In$lr4Jmenls. Basic financAal instruments are initr'ally rec(fvynised al transaction value and subsequently measured al Ihelr settlement value with the excepllon of bank k)ans whlch are subsequently measured al amortised cost using thé effectlve Instrument method. 2.14 Critical aGGguntlng o$tlmatos and aroas of judgement Estimates and judgements are conbnualty èvaluated and are basetl on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstallces. Critical accountlng 88tlmat&s and assumptlons The Company makes estimates and assumptlons conceming the future. The resulting accounting esllmates and assumptions will. by defin(￿on, seldom equal the related actual results. The estimates and assumptions that have SgnIf￿nt ￿sk of causing a material adjustrnent lo the carrying amounts of assets and IlabllllSes wlthln the next financial year are discLb5sed below- Critical areas of judgement.. Tanglble flxed assots Tangible fixed assets are depreciated over their Ljseful lives tsking Into account residual values where appropriate. The actual lives of the assets and resldual values arg assessed annually arjd may vary depending on a number of factors. Resldual value assessments consider issues such as Ihe remalnlng lrfe of the ass&ts and projectetl disposal values. 39

FINE CELL WORK (LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Inwme from donations and grants Unre5trictod Restrlcted Dgslgnat•d Funds Fund$ Funds Total 2025 Totsl 2024 D￿t￿n$ and grants 577,059 405,085 982.144 945.031 Donations and grants Unr•stricted funds: Total 2025 Total 2024 Garfield Weston Anonymous grants .£5,OC De Lazlo Foundallon Twrus Trust John Armllage Charitable Trust Considered Ask FouThJat The Brothers TNSI Reo Stakis The Crucible Foundation The Bemard Lewis Found8t4on Aurum Trusl Arrnitage Trust The Louis and Valerie Freedman Charitsble Setuement MoDrview Charitsble Trust CHK Charit Tm 8unting Haramead Tnjsl Charle$ R Burrell 1987 Charltable Tnjsl The Rtdgebam Trust Big Give Arts for Im￿1 Susannah Peake Upholderers Uvery Company Scouloudi Foundation Other grants, dork7tions and {<£5,0001 and Glft Ald 110.000 10,000 110,(M)O 14.730 7,500 11,000 22,QOO 19,250 23,050 10,000 76.070 30.000 20.000 10,000 75,000 20.000 22.000 10.000 15.000 10.000 15,000 20,0 20.000 5.000 5,000 5.000 10.000 209,939 124,132 577.059 464.112 40

FINE CELLWORK (LIMITED BY GUARANTEE) NOTESS TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donatlon8 and grant8 Iconllnuedl Total 2025 Total 2024 Restricted funds: Adrfan Swire Trust Bank of America Foundati( Brolhers Trust 8romley Tru51 Hadrian Tw51 Coly8r4ergusson Charitable Trust Henry Oldfield Trust Merch8nl T8ylcrfs Foundallon Awards for All Rothschild FouThJation Cedar House Trust City Brfdge Trust Considered Ask FoUndat￿n The Clothworkers, Company MIVA Trust Needlemakers Charity Fun(1 Lortl Bamabys Foundatir Evan Cornish Foundation Radcllffe Trust Peter StebbSngs Trust Drapers, Charitsble Trust Eleanor R8thbon8 Twst Simon Gibson Trust Sheriff5 and Recorders Philip lQng Trust St Adhelms Chapel Tru$l Anonymous Glcrtlsmiths Livery Company Hedley Foundation James Knott Trust Jack Lane Foundation Henry Smith Foundation Michael Varah Memorial Foundation Leigh Trust McGrath Trust 26,000 25.C(KJ 38.889 10,000 10.000 1,1)00 20.000 10,000 15,1)00 19.892 1,000 10,000 10,000 50.380 38,108 5330 10,903 20,000 14.000 14,000 4,904 3.850 6,000 lo￿00 5.000 10,000 15.C(Kl 10,000 25,000 25,000 2.000 2,000 3,043 435 30.000 30,000 5,000 so.000 &ooo 5.000 5.000 1,000 60.000 60,000 4429 5,000 2,000 1,000 Cathed Forward 378.835 364,228 41

FINE CELL WORK IUMITED BY GUARANTEE) NOTES TO TrIE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Incom• from donatlons and grants (cont•nuedl 2025 2024 Brought forward 378￿36 364,228 Aldo Trust WA Cadtrojry Twst Lord Fartngdon Trust Charfes Hayward Foundation John Muriay Trust James Roll Trust Inner London Poor Box Nonnan Trust Souter Trust Broderers Charity Trust Schitz Engle Trust Weavers Fund Sommers Trust Upholderers Livery Company Society of the Holy Child of Jesus 5.250 1.000 1.000 5,O¢JO 20.000 10,000 1,250 sooo 3.000 3.000 3,000 3.741 3.000 6,000 5.000 10.000 1.8LID 14.500 405.085 439,519 42

FINE CELLWORK {LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from ch•ritabl6 activities 2025 2024 Sale of prisoners, work Income from cell work 351.737 31250 324,236 38,813 382.987 363,049 Expenditure Other Costs Total 2025 Total 2024 C08ts Depr•¢i4tion Expondhure on: Costs of generallng donations and grants 160.614 16NOO 177.014 202,971 Charitablg actlvltlo8 Prisoner Training & Support Activib'es undertaken direcuy Support costs 609,290 16,492 439.702 1.065.484 955,012 134.227 134.227 133.910 769,904 16,492 590J29 1.376.725 1,291,893 Anatysis of support costs Ilncludlng 9ovemance costs) 2025 2024 107.400 15,183 11.644 107,400 15,534 10.976 Governance costs Insurance 134.227 133.910 Induded within suppcft Costs is £10,50012024.. £11,000) in relallon to aL￿1t fees lor the current auditors. 43

FINE CELL WORK (LIMITED BY GUARANTeEI NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 6 Statement of financial acUvitie$- Comparauve fvnds- year ended 31 December 2024 unrestrict￿ Reslricled Funds Funds Deslgnaled Funds Total 2024 come from: Donations and grants Charitsble actlvlties Investrn8nl income 464,112 363,049 14,346 439,519 41.400 945,031 363,049 14.346 Total incom• 841.507 439.519 41,400 1.322,426 Ex Costs of raislrrfJ funds Charitable a¢tlvltles Prlsoner Training & Support ure on". 202.971 202,971 661.303 427,619 1,088,922 Tot•1 gxpendltur 864,274 427.619 1,291,893 Net In¢om•l(8xp9ndftur•} 122,767} 11,900 41.400 30,533 Transfer bgNveen f￿d$ (316) 316 Fund balances a11 January 2024 743.430 16,100 27,532 787,062 Fund balances at 31 D￿•mber 2024 720,347 28,000 69.248 817595 7 Tru8tg0S' tra￿aCtIonS The Twstee expenses In the year were £938 12024-£1,793) relallng to travel expenses Incurred in their apacity as a volunteer teacher In prison {2024 travel expenses) clalmed by one12024 one) Tiuslee.

FINE CELL WORK {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Employ¢es Numbgr of •mploye 2025 Numbgr 2024 Number The average monthly number of employees during the year was 16 16 Employmont cos¢8 2025 2024 Wages and salarles Social security costs Other p8nsion costs 670.221 71,839 27,844 610,972 56,818 24,764 769.904 692,554 The number of employees whose annu81 emoluments exce¢ded £60,000 in the year were as follows.. 2025 Number 2024 Number £90.001-£100.000 £80,C(11490,000 £70.001480,000 £60,C(11-£70.01)0 Tho key management personnel of the ¢harity comprises the founding dir8¢tor, ex8cullve dlTector and finance diieclor. The lolal employee benefits ofkey management personnel of the chadty were £189.835 12024.. £177,598). 45

FINE CELL WORK (LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tangibh fix•d assets Plant and machlnery Fixturts. ffttlngy & equipment Total At 1 January 2025 Additions 9,679 178.778 188.457 18,926 18.926 At 31 Do¢ember 2025 9,879 197.704 207.383 D*procSation At 1 January 2025 I)￿rge for Ihe year 9,679 150.931 16,492 160,61D 16.492 At 31 D•c•mb•r 2025 9,679 167.423 177.102 Net book value At 31 Dgcombor 2025 30,281 30.281 Al 31 December 2024 27,847 27,847 10 D•btors 2025 2024 Trade debtors Other debtors Prepayments and accrned I[￿orne 12.098 12.SOO 66.993 6,340 12,500 63,808 91.591 82.648 11 Cr•dllors: amounts falling duo wlthln one year 2025 2024 Trade creditors Taxes and social security costs Other creditors Accwa15 and deferred Income 7.770 37,672 19,353 32.765 1,166 32,595 47.051 93.097 85.879 46

FINE CELL WORK {LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 12 Dèferrgd Incomo Included in deferred income are amounts rela￿n9 to donations wllh timlng ¢ondilions outside th¢ ¢onlrol of the ¢harity. 2025 2024 Brcwht f￿ard as at 11¢ January 2025 Received in year Released in year 12.451 Carried foTrvard al 31° Detsmbèr 2025 12A51 13 P¢Mlon and other post•r•tlrement benefit commltment8 Defined contrlbutlon There were £3,476 conlribuli¢Jns {2024 £3,695) due. 2025 2024 C￿tribUtiOnS payable by the charlty for the year 27,844 24.764 47

FINE CELL WORK (LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 R•trict•d funds Balan￿ at 1 January 2025 Incoming resourc Rvourco• 0X￿nd•d Balance at 31 Docombgr 2025 Developing post release employment and support for ex-prisoners In prison workshop development Funding for the Dlreclor of Programmes post Prisoner tralnlng and awards Accredited Training Volunteers expense5 Exris¢ner bursaries 9.000 108,380 117,380 10,300 29.1)00 28,100 11,200 30.000 30.000 6.000 6.000 4,904 9,000 4,429 4.904 9,000 3.215 1214 RebuildirrfJ Cdl Work post pandemic Cell work core costs Support for prlsoners in Th8 Northeast Stitcher training klts Support for prlsonèrs in Kent Impact Evaluation Support for new cell groups Support for slrtdlers under 25 1,000 90,000 91.000 2.700 54.000 56.71x1 2.500 10.000 12.500 2.500 5,250 7,750 20,1)00 20.000 5.230 25,892 5,230 16.924 8.968 3,000 1,500 1.500 28,000 405.085 410203 22.882

FINE CELL WORK (UMITED 8Y GUARANTEE} NOTES TO THE ACCOUNTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 14 RestrfGt•d fvnds l¢ontlnu•d) Balan￿ al 1 January 2024 IncomiryJ resources Resources Balance at 31 9xp￿ded December 2024 Developlng post reloaso employm•nt and $upport for •x•ri$on•rs In prlson workshop development Funding for the Diroctor of Programmes post Prlsoner tralnlng and awards Acorodlled Tralnlng Voluntsors. expenses Expandlng $titch•r numbers Robulkllng c•ll work potst pandemlc Co11 work core costs Supp¢rt for prfsonerg In Tho Northoast Silt¢her trainiNJ kit8 Post release training programmes Impact evaluatlon Support for fom• prison•r 163,797 154.797 9.000 35,(MXI 24.700 10,300 30,000 30,000 12,000 12,000 3.850 16.500 15,000 3,850 16,500 15.000 8,000 104,991 111.991 1,000 16.043 6.000 13,343 3,500 2.7¢]0 2,500 5.435 2,935 8,1rx) 2,500 8.1(Kl 10,903 20,0 10.9)3 20.000 16,100 439.519 427.619 28,000 Now Co11 Group Support Awards for all and Ltxd Barnaby's Foundation supported the dèvelopment of new cell groups in HMPS st￿ken, Peterborough, Bronzefield and Highdown Exrlsornr burs•rl•s The Michael Varah Memorial Fun(J funded bursaries for ex-wisoners graduafjng frorn the Open the Gale prograrnme. 49

FINE CELL WORK (LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 14 RoStrict•d funds (confinu•d Doveloplng post•leas• employm•nt and tralnlng support for ￿.prISonerS The City Bridge. Adrian Swire, Henry Oldfield. Cedars House and Souter Trusts, The Inner London Poor Box ond Weavers, Company Benevolent Fund funded the development and delivery of posl-release support for ex-prfsoners. Rebulldlng ITr prlson $titchgr numbérs post Covld. The Drapers Charitable FuThJ. and anonymous donor and The Henry Smith Charity sUPPOrted the initiative to rebuild stitther numbers in pri￿Tr after the Cowd pandemic drastically reduced numbers. Accredited Training The Needlemaker8 Charfly Fund supported the OCN Iralnlng progrdmme. Support for prisonors and exyisoners in the NortheaBt Region The Evan Comlsh Foundation funded support for prisoners and ex-prisoners In th& N￿east reglc). Volunteers expenses The Eleonor Ralhbone Trust and The Hedley Foundation funde(I vc4unleer eXpe￿eS. Support for the Kent reglon prl8ons The Collyer Ferguson Trusl supporte(J work with prfsoners In the Kent re91c￿. In Cell support The Brod¢rers Charfty TrusL The Goldsmlths Uvery Company, an anonymous donor, the WA Cadbury Trust and Rothschild Foundation supported the costs of cefl work for prisoners. Prisoner awards The Raddiffe and McGralh Trusts supported awards made to stitCh￿S in prison. Support for prisoners und&r 25 The Norman Trust provided support for working wth prisoners under the age of 25. stitch•r Tralnlng Kits The Aldo Trust SUpp￿ted the provision of stitcher training kits. In prl$¢n workshop ¥upport The Merchant Ta￿OrS Foundallon, and MIVA Trust supported th8 d8V8lopment of in prison workshops. Dlrector of Programmes The Philip King Trust supported part of the rc48 of Dlreclor of Prcgrammes. Evaluation The ASK Trust supported evaluation of Fine Cell Work's progr8mmes. 50

FINE CELLWORK IUMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 15 Unrostrlcled funds Movement In fund8 Balan¢0 at 1 January 2025 Incomlng r9sour¢es Resources •xp6ndèd Transfer between funds BalabKe at 31 Docen*Jer 2025 Unreslrtctèd funds 720.347 971,710 966.522 38,967 764.502 Movement in funds Incoming reSoU￿S Resources expended Transfer befv4een funds Balance at 31 D8cembgT 2024 Balance al 1 January 2024 Unrestricted funds 743,430 841,S07 884,274 13161 720,347 alance at 1 January 2025 Balance at 31 DeGombgr 2025 16 De8lgnated funds Incomiry Resources re8ourcgS expend•d Transfer bg¢ween funds Fixed Asset Fund Growing stllcher nUM￿r$ fund 27,848 41,400 2.433 30,281 41.400) 69.248 {38,9671 30,281 Balan￿ at 31 December 2024 Balance al 1 January 2024 Incomlng resources Resources expended Transfer between funds Fixed Asset Fund Rebuildin9 Cell Work 27,532 316 27,848 41.400 41,400 27,532 41.400 316 69.248 51

FINE CELL WORK (UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 17 Analysis of not •$sgts 1th8n fvnds Unrestricted Funds Restricted Fund$ Designated Funds Totsl 2025 Fund balan￿$ at 31 DeGember 2025 are represented by.. Tangible fixed assets 30,281 Current 8ssets 826,318 Creditr)rs:due within one year (93.0971 30.281 880.481 193.097 23,882 30,281 763.502 21882 30.281 817.805 Unrestricted Funds Re51ri¢led Funds Deslgnaled Funds Total 2024 Fund balances at 31 December 2024 are represenlod by: Tangible fixed assets Current assets 27,848 778,378 27.848 69,248 875.626 28.OCrt) Creditors due within one year (85,879) (85,879) 720,347 28,000 69,248 817,595 1B Commitrn•nts und•r oporating leasas Al 31 December 2025 the company had total Commitments under non<ancell8bl8 ¢)peraling le8ses Davable as follows.. Land and buiklingg 2025 2024 Within one year Bets¥een tsyo arKI five years 105,000 183.750 105.oc 288.750 288,750 393,750 19 R•lat•d Partl•s Trustee Annabel Franks was paid £938 in expenses solely fcf her work 8S 8 prison vdunlear. A company of which Trustee Elizabeth Downing is a director sold fabric worth £2.385 to FCW. 52

FINE CELL WORK {LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Control The Charity is a company Imited by guarantse and 18 Under the control of the TTUStees. 53