THE PRET FOUNDATION
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Charity registration numbers: 1050195 and
SC050501

THE PRET FOUNDATION
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
Trustees
C Schlee Ichairl
P Chrislou
V Cuminel
D Winlerkorn
C Clough
Global Head
N Allard
Principal Office
Prel A Manger
10 Bressenden Place
London
SW1E 5DH
Audrtor
Haysmacintyre LLP
10 Queen Street Place
London
EC4R 1AG
Bankers
HSBC Bank plc
4 Robertson Street
Haslings
East Sussex
TN34 1HW
Registered Charity Numbers
England and WaSes
1050195
Scotland (from 29 September 20201 SC050501

THE PRET FOUNDATION
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
Chairman's Statement
In 2022 The Prel Foundation continued its path to recovery following the disruption caused by Covid and l am delighted
lo report that The Pret Foundation raised £1.47m.
I'm very pleased that we have been able to innovate new revenue streams this year with Too Good To Go and launched
a new initiative with Neighbourly to donate food to more local organisations and charities. We also held a very
successful charity 8UCtion and a Walkathon, bringing together nearly 1,200 people across the globe to walk as many
steps as possible during the month of May. Whilst we had to make some tough decisions during the year it's all been
for the right reasons, ensuring our efforts are focussed and have the best possible outcome for those experiencing
homelessne55 or at risk.
What has stood out the most for me over the past 12 months was the introduction of the Ukrainian Employment
Programme. The Foundation was able to help over hundred Ukrainians. most of them women, find jobs in P￿t,
and they have been able lo flourish Friendships truly have been formed for life.
Next year we will continue to support Ukrainian refugees and we also increase our Commitment lo the Rising Stars
programme, giving people experiencing homelessness or al risk what they usually need most- a good job.
Finally, many thanks to Prel and all its customers, employees, partners, suppliers. and franchisees, for their continuing
support of the Foundation.
Clive Schlee
Chair of Trustees

THE PRET FOUNDATION
REPORT OF THE TRUSTEES Icontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report together with the audited financial statements for the year ended 31 D￿ernber 2022.
The Foundation was registered as a charity with the Charity Commission on 26th O¢tober 1995 and with the offi￿ of
the Scottish Regulator on 29th September 2020.
STRUCTURE, GOVERNANCE AND MANAGEMENT
1)
Constftutlon
The legal form of the Charity is that of a Trust. The Charity's governing doeument is a Trust Deed dated 19 July 1995
together with Deed of Amendment dated 11 June 2019 and Deed of Amendment dated 17 September 2020. A new
Trust Deed dated October 2021 was approved, which replaced the previous Trust Deed.
2)
Change of name
On 11 June 2019 the Charity changed ils name from Pret Foundation Trust to The Prel Foundation.
3)
Selection and training of Trustegs
Trustees represent both senior management of Pret A Manger {Europel Limited and independent individuals with
relevant skills and experience in fundraising and grant making. Trustees are appointed in accordance with clause 9 of
the Trust Deed. New Trustees are informed of their obligations and are provided with a copy of the Trust Deed, latest
accounts, recent minutes, and suitable guidance available from the Charity Commission. Members of the Board are
also offered external Trusteè training.
Trustees who served during the year and up to the dale of this report were a5 follows..
C Schlee Ichairl
A Wareham (resigned 29 March 20231
P Chrislou
V Cuminel
D McDermott Iiesigned 31 July 20231
D Winlerkorn
C Clough (appointed 29 March 20231
4) Organlsational Structure and key managerngnt personngl
The Board of trustees meet at least four times a year and oversee finance, delivery, and future strategy. The
Foundation currently does not have any sub committees. Key management personnel consists of the Global Head of
the Foundation whose costs are recharged from Prel and their salary level benchmarked in line with the Association
of Charitable Foundations, report on salaries.
5)
Principal risks
The Trustees actively review the principal risks which the Foundation faces on a regular basis, especially those relating
to its Operations and finance and consider what actions can be taken lo miligale these risks. For 2022, the key risks
identified are in relation lo loss of funding, safeguarding issues related lo Rising Stars and food safety.
The Trustees are satisfied that systems are in place to miligale the Foundation's exposure to the principal risk5. The
Trustees, formal risk management strategy comprises..
an annual review of the risks which the Foundation may face.,
the adequacy of current systems and procedures to mib'gale those risks identified in the strat￿y,. and
the implementation of procedures designed to minimise any potential risk on the Foundation should any of
those risks malerialise.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES {continued>
FOR THE YEAR ENDED 31 DECEMBER 2022
Key Controls used by the Foundation include:
formal agendas for all Trustees, meetings,.
strategic planning, budgeting and management accounting,.
formal proposal processes.,
donations made after careful vetting of beneficiary charities,,
clear authority limits and annual review of charities,. and
annual review of main contractor.
OBJECTIVES AND ACTIVITIES
The Pret Foundation's purpose is the alleviation of poverty, in particular hunger and homelessness in the UK and
across global markets in which Pret A Manger operates.
In wnsideralion of projects, the Trustees have paid due regard to Charity Commission guidance on public benefit in
deciding what activities the Foundation should undertake. Through ils activities of food distribution, employment
programmes, and cash donations to grassrool homeless charities, The Pret Foundation helps to improve the welfare
of people experiencing, or al risk of, homelessness.
The Prel Foundation aligns its objectives and activities to achieve thi5 public benefit as detailed below.
l) Food Distribution
The Pret Foundation arranges for unsold food lo be collected al the end of each day from Prel A Manger shops either
by vans dedicated to this activity, arranging collections by local charities or working with third party partners such as
Neighbourly and Too Good To Go. Our priority is to ensure the food reache5 charities, shelters, hostels and outreach
programmes that are supporting people experiencing, or at risk of. homelessness, at no cost to the beneficiary. Where
this is not possible, we will seek an alternative.
During 2022 the Board made the decision lo cease van operations in Central London due to escalating costs and
partner with Neighbourly across the UK. Neighbourly matches shops with local good causes and use technology lo do
so, meaning we will have an increased visibility of what is being donated. Progress on this will be reported in next
year's annual report.
2) The Rising Stars and Shooting Stars Employment Programmg
The Rising Stars Programme offers people experiencing homelessness. or at risk, the opportunity of a 12-week work
experien￿ programme, with the aim of helping them to build a new future. The programme offers 12-week paid
placements within Pret A Manger, giving individuals the same benefits as Pret A Manger employees, together with
support with trave5 costs and weekly counselling. 11 can lead lo a permanent position within Prel A Manger or help to
provide the confidence and experience lo follow a career elsewhere.
The Shooting Stars Programme offers a cohort of high potential graduated Rising Stars the opportunity lo participate
in a 6-monlh career development programme. It consists of learning modules over a period of 5 days, culminating in a
National Apprenticeship ~ Level 2 in work skills and the opportunity to lake GCSE English and Maths. The Shooting
Stars finish the programme with a clear Personal Development Plan IPDPI shoLJld they wish to remain In Pret A Manger
or follow a career elsewhere. We lake the cohort on supplier visits to open a world of opportunities lo them and the
programme culminates in a trip lo Austria lo climb the country's highest mountain
helping them lo believe they are
capable of reaching new heights.
3) Flnancial Support
The Foundation has supported smaller. grassroot homeless charities where tangible results can be seen since 1995.
During 2022, in response to COVID and the changing landscape. the Board made the decision to pause the grants
programme effective 1st January 2023 and review the needs of beneficiaries to ensure funding is fit for purpose.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
4) Shefter
The Pret Foundation, in partnership with West London Mission, established The Prel House al St. Luke's,. a 26 room
shelter in Kennington, London of which The Pret Foundation consistently had access to 6-bediooms, or more if
required. The Prel House provided shelter for current or graduated Rising and Shooting Stars who work in Prel A
Manger shops nearby. Day-to-day operations were managed by West London Mission.
In November 2021, in response lo a change in strategic direction of Wesl London Mission and e5calaling costs, the
Board made the decision to close Pret House and focus efforts on supporting more people into employment.
ACHIEVEMENTS AND PERFORMANCE
The Trustees deem the Foundation to have fulfilled its objectives for the year.
1) Food Distribution
In 2022 over 6 million main meal items were collected and distributed on behalf of charities in the UK12021.' 5 million),
with food from approximately 90 /0 of eligible Prel A Manger shops collected by or distributed to charities al the end of
each business day in the UK12021'. 93'kl, and 85 10 globally.
Food distribution in London operates via Prel's Charity Run, with food being distributed 7 days a week, with 7 delivery
routes. Over 120 homeless charities and shelters in London benefitled from food donations in 2022 via the Pret Charity
Run12021." 1051. The vans collect and distribute leftover food from the shops to charities and shelters. Clean Society
manages this operation on behalf of The Prel Foundation. Where the Foundation cannot collect unsold food from
shop, il arrangès for a registered charity to do so wherever possible. thus avoiding unnecessary waste going lo landfill.
Surplus ingredients not required by shops are also donated in bulk and delivered from the supplier warehouses direct
lo The Felix Project, Fareshare, and City Harvest - charities fighting hunger and food waste across London. In 2022
we donated 9700 cases of produce from our supplier warehouses to these charities.
In regional shops, the end of 2022 saw the transition from a manual food donations programme lo the launch of The
Pret Foundation's partnership with Neighbourly - the food sharing platform connecting businesses with local good
causes lo give surplus ID those who need it. Neighbourly onboarded existing chaiily partners across the UK Regions
lo the programme and filled additional gaps in shop collection schedules from their wide network of exi51ing good
causes. Via Neighbourly Prel shops donated over 100,000 meals. worth of surplus food items lo 200 local good causes.
Across the regions. where charity collections aren't always possible, we also work with the food sharing app, OLIO,
who have food waste heroes that can collect surplus food each day and donate lo the local community - many on the
povety line. Through our partnership with OLIO we donated the equivalent of 500,000 meals, worth of food items lo
local communities in 2022, supporting over 24,000 households with Surplus food donations. In addition, throughout
2022 we continued our partnership with food waste redistribution app Too Good To Go, to sell and reduce hol food
waste in shops which cannot be donated Across the year, Prel shops redistributed more than 100,ODO meals via Too
Good To Go'surprise Bags,, which would otheNise have been wasted. Whilst this is not direcdy supporting the welfare
of people experiencing homelessness, il will become one of our enablers - raising funds for The Prel Foundation to
continue delivering ils core actThiities. In 2022 we generated £132k from Too Good To Go.
2) The Rising Stars and Shooting Stars Programmes
In 2022 we were pleased lo place 74 Rising Stars {largel.' 751 on to the programme with 780k completing the 12 weeks
training and 530/0 remaining with Pret A Manger for 6 months or more. We also further SUPFX)rted 6 individuals on the
Shooting Stars programme.
With the desire lo grow the programme in the coming years, we made some efficiencies including moving the process
for referral charities online and introducing a 'Journey al Prel, SUNey for Rising Stars lo track their pr￿[eSS. We also
re-introduced charity quarterly check ins lo gather feedback on what's working well and where improvements can be
made and al the end of the year we hosted a Christmas celebration, inviting all Rising Stars, shop General Managers
and Senior Leader5 al Prel, including the CEO.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
Case Study..
Peter relocated lo London after having previous issues with his landlord, putting him at risk of homelessness. Due lo
challenging family circumstances, Peter found himself sofa surfing. Peter was working in temporary roles, with no job
security or opportunity for long-lerm career development. Peter was also dealing with a number of health issues. and
his mental health has started lo deleriorale. Al this point he was referred and placed onto the Rising Stars programme.
Since becoming a Team Member, he quickly progressed and was promoted lo Team Member Trainer. Having an
opportunity lo thrive and develop through the programme, has really supported Peter lo lead a more manageable,
stable and fulfilling life, whilst having a chance to be recognised for his strengths.
3) Financial Support
The Foundation supports smaller, grassrool charities with support in the form of grants. In 2022, 22 donations were
made {2021." 211 including a donation of £50k lo the Disasters Emergency Committee {DECI for the Ukraine
Humanitarian Appeal. Donations cover various projects and pay for support workers, rent, course supplies. counselling.
and drop-in cenlres. Total donations in 2022 were £0.25m12021, £0.2ml.
Funds for The Pret Foundation increased in the 2022 after the team introduced some new fundraising inilialives. Funds
predominantly came from three sources..
Product donations from Pret A Manger: £830k was raised from the 10p donations on Soup sales and the
Christmas Campaign. £28k of this was raised from Prel's Franchise Partners.
Customer Donations: £325k from customer donations, consisting of £98k from coin boxes in shops, £95k
from new contactless donation terminals installed in some shops and £132k from customer purchasing hot
food surplus via Too Good To Go.
Restricted Donations: £165k was received during the year ofwhi¢h £50k was for the Rising Stars Programme
and £115 for the Ukrainian Employment Programme.
Other Donations. £157k from empSoyee fundraising, Walkathon and an Auction.
4) Shelter
In 2018 The Pret Foundation identified a partner lo work with for this activity stream, Wesl London Mission, and 2 Slte
to convert, Sl. Luke's. The facility was opened in Q12019, containing 26 bedrooms, a communal kitchen, living and
garden areas, ready for current or graduated Rising and Shooting Stars in need of accommodation in exchange for a
subsidised rent.
In November 2021, in response lo a change in strategic direction of West London Mission and escalating costs, the
Board made the decision to close Prel House and focus efforts on supporting more people into employment. The Board
made the difficult decision to slep away from Pret House and worked with those individuals still residing there to ensure
they were moved onto secure and appropriate accommodation. Throughout 2022 the Board has remained committed
to continuing lo support people into accommodation in partnership with others.
5) other notable updates
Team u
dales
In Spring 2022 K8ty Doolan joined The Pret Foundation team to expand the Rising Stars programme into the regions
across the UK.
One of our Rising Stars joined the team on secondmenl over the summer lo support with our flagship fundraising event
an auction with all Pret employees, suppliers and franchisees.
Nisha Panicker also joined the team in the autumn to look after the charity fv'nances and governance, taking over frorn
Martin Bailey who had provided this Servi￿ on a pro bono basis until that point.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES {continuedl
FOR THE YEAR ENDED 31 DECEMBER 2022
Ukrainian Em
lo
ment Pro
ramme
In the spring of 2022, we were shocked lo witness the unfolding of events in Ukraine. Many of the shop teams at Prel
A Manger are Eastem European and wanted us lo do more lo help. In the first instance, the Board supported the
team's recommendation to donate £50k lo the Disaster's Emergency Committee Response Appeal.
In addition, whilst we support refugees via the Rising Stars employment programme, we established the Ukrainian
Employment programme with a view lo supporting 50 refugees into employment. This 8Ctivily was out of plan and
budget and the Board fully supported this decision.
Working alongside teams al Pret A Manger we were quickly able to trans18te the recruitment process, sel up a
dedicated pool and second a Ukrainian General Manager into The Pret Foundation team for a period of 6 months. In
the first few weeks we allracled over 600 applications and due to demand we reopened the pool in November and
received another 175 applications.
We are pleased lo report that by the end of December 2022 we had successfully supported over 200 people into
employment. 4 of these had progressed on lo Front of House Leaders, 7 are Kitchen Leaders, 2 have become Team
Member Trainers, 18 are now Hot Chefs and we have 20 Baristas. We were able lo offèr financial support for those in
immediate need to equip them with what they need lo set up a home and offered English tuition classes in partnership
with the Ukrainian Inslitule.
During December we invited everyone on the programme and the Prel senior leadership team to join and celebrate
achievements, show appreciation. and remember loved ones that have been left behind.
The programme is predominantly made up of highly skilled women workers and we have workèd in partnership with
the likes of NHS lo ensure this is not lost. The wonderful unintended consequence of the programme is the community
and friendships that have been formed.
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6) Fundraising and Marketing
All our activity is enabled by sharing our voice with customers. employees and the wider community.
We once again look part in Walkathon hosted by Equal Experts. With the largest field of participants recruited, including
some from our global markets, Prel not only had the most teams in the lop ten but also were awarded the largest sum
ofmoney.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES {Gontinued}
FOR THE YEAR ENDED 31 DECEMBER 2022
Our Grand Auction raisa £72k with support from our suppliers, shareholders and Prel getting involved with bidding or
donating prizes for the auction which was both online and in person. Sharing the vol￿S of our Rising Stars on stsge
at the event was an opportunity to talk about our work with a predominately new audience The Grand Auction
coincided with the launch of our brand retresh which saw our logo and visual brand identity updated, in line with the
refresh of the main Pret brand.
We also benefited from a best-selling baguettes promotion which donated 20p lo The Pret Foundation in the spring.
We created animated conlenl on the history of The Prel Foundation to support the message which was amplified
across Prel channels,
World Homeless Day in October was a digital global moment for The Pret Foundation, for our first inlegraled brief with
the global brand team we were able lo deliver content to all markets lo be used on their channels which highlighted
their food donation efforts tsilored to their market.
The Christmas period was another opportunity lo talk about our work, with contribution on three products in the UK
including the Christmas Lunch Sandwich, Festive Falafel & Squash Sandwich and new Hog Roast Macaroni Cheese.
The Prel Foundation was a key message for the Pret Christmas campaign. and we were able to share our voice across
Pret's channels.
A small number of complaints were receNed during the year in the Prel A Manger shops about fundraising on the new
donation terminals which were resolved promptly in line with the charity'5 policy on refunds No complaints were
received around the employment programme ensuring that people who are considered to be at risk are not targeted.
FINANCIAL REVIEW
l) General
Gifts and donations paid have increased since the previous year, from £189,935 last year lo £249,920 this year.
On 31 December 2022, the total funds held by the Foundation was £1,003,62712020.' £1,370,648).
The Foundation has continued by good housekeeping and budgeting lo maintain a healthy balan￿ sheet. Expenditure
was cut significantly in the year to match the muCh-redU￿d donation income.
The continuing use of budgets and regular financial information again proved an effective control.. expenditure and
staffing levels continue lo be Carefully monitored.
2) Principal funding sources
The Foundation's principal sourTr of ongoing funding is the receipt of contributions from Pret A Manger (Europe)
Limited land ils customers), who established the Foundation over twenty years ago. Both organisalions continue lo
operate closely together and senior management of Prel A Manger {Europel Limited sits on the Board of Trustees and
assists Prel A Manger (Europe) Limited in carrying out their continuing commitment toward The Foundation's
objective5. The Foundation has taken steps to diversify ils income streams over the period, namely introducing
conlaclless donation terminals in shops and working with Too Good To Go.
The Foundation acknowledges the importance of good practice in fundraising as being essential in maintaining public
confidence in the charity and are committed lo ensuring all OLJr activities are compliant with legislative, regulatory and
best practice standards. The Foundation doès not use professional fundraisers.
3) Reserygs policy
Unrestricted funds are needed..
al to provide funds which can be designated to specific pmjects to enable these projects to undertaken at
short notice", and
bl lo cover administration, fundraising and support costs without which the Foundation ¢ould not function.

THE PRET FOUNDATION
REPORT OF THE TRUSTEES Icontinued
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees consider il prudent that unrestricted reserves should be sufficient..
c) lo provide a pool equal to 10Qh of charitable expenditure from which funds can be designated to Specific
projects,. and
dl lo cover one yearfs adminislralion, fundraising and support costs.
As at 31 De￿mber 2022, unrestricted reserves not invested in functional fixed as5els were £1,003k.
The level of reserves is monitored and reviewed by the Trustees at each Trustee meeting.
PLANS FOR THE FUTURE
The Trustees aim to continue to develop the following key 8ctivits.es in 2023.
1) Food Distribution
The Foundakn'on will maintain distribution of unsold food from Pret A Manger shops to charities, who provide the food
to people experiencing homelessness or al risk via charities, shelters, hostels and outreach programmes. The
Foundation will review the current processes in place lo ensu￿ as rlluch food is being donated as possible whilst
making the best use of resources available. Having completed the roll out of Neighbourly in the regions to donate food
al the end of this year, during 2023 we will make the switch from using vans in Central London and cease our
agreement with Clean Society.
Not only will this reduce costs, bul il will also enable us to track how much food is being donated and where it is going,
il will allow shop teams to form strong relationships with good causes in the community and il will have a positive
impa¢l on the environment. Al the same tr'me, we recognise that we cannot donate all food. In line with Nalasha's Law
and the introduction of same day use by labelling on made lo sell items, we will expand our partnership with Too Good
To Go to sell 'Surprise Bags, lo customers and receive 500/0 of the revenue from Prel A Manager meaning we can
invest more into our activities.
2) The Rising Stars and Shooting Stars Programmes
Our core focus next year is to provide more sustainable employment opportunities for people experiencing
homelessness or al risk.
We will do this by..
Continuing to focus on expanding the programme outside of London and reaching new regions such as
Birmingham, Manchester, and Glasgow
Forging stronger partnerships with charity partners that refer clients on the programme to improve quality
Engaging with new shop teams lo hire Rising Stars and support them through the process
NebNorking with others lo share learnings and join up (employers, government departments and chariliesl
Introduce exit interview process for all Rising Stars to follow their joumey and ensure no one ends up back on
the streets
For the Rising Stars programme the aim in 2023 is to recruit 100 Rising Stars with an 80Yts graduation rale and achieve
a 60Q/o retention rate al 6 months plus.
For the Shooting Stars Programme the objective is to select 8 Shooting S18rs to complete the further development
programme.
3) Financial Support
The Prel Foundation will not be awarding grants in 2023 to review impact lo date and reassess strategic direction.
4) Ukrainian Employment Programme
Given the demand, with the support of the Board we will continue the programme into 2023 and help more people into
employment via the Ukrainian Employment Programme. We will also consider providing further development
opportunities for those with high potential to ensure that they do not lose some of the skills they gained whilst in
1C

THE PRET FOUNDATION
REPORT OF THE TRUSTEES Icontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2022
employment in Ukraine and of course continue to grow their careers al Pret.
5) Fundraising and Marketlng
Our focus for 2023 will be to.,
Support the re¢rLJilmenl of 100 Rising Stars with b2b marketing materials for charity partners and organisations
Deliver an internal engagement event The Lady Mayoress Sleep Out recruiting 100 participants from Pret and
raising £150K for The Pret Foundation
Deliver an internal global engagement event, recruiting participants for a third year in the Walkathon to raise
funds via the hosts Equal Experts
Deliver a global moment around World Homeless Day to shine a light on the issue of homelessness with
communications across our social, digital and internal channels as well as in shops with global content and a
product contribution from Prel in the UK. We will also aim to include an internal engagement event such as
volunteering OPPOrtunits'es for Prel staff through October.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for preparing the Report of the Trustees and the financial statement5 in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the Trustees to prepare financial statements for each
financial year which give a true and fair view of the slate of affairs of the Foundation and of the incoming resources
and application of resoLJrces of the Foundation for the period. In preparing these financial statements, the trustees are
required to..
select suitable accounting policies and then apply them consislenuy..
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting standards have been followed, subject to any departures disc105ed and
explained in the financial slalemenls., and
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the
Foundation will conb'nue in busines5.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at
any time the financial position of the Foundation and which enable them lo ensure that the financial slalemenls comply
with the Charities A¢1 2011, the Charity (Accounts and Reports) Regulations 2008, and the provisions of the Trust
Deed. They are 81so responsible for safeguarding the assets of the Foundation and hen￿ for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
In so far as the Trustees, individually. are aware..
There is no relevant audit information of which the Foundation's auditor is unaware., and
The Trustees have taken all steps that ought lo have been taken to make themselves aware of any relevant
audit information and to establish that the auditor is aware of that information.
This report was approved on behalf of the Board of the Trustees on IGtH sa)TrMQa"2sand signed on their
behalf.
C Schlee
Chair of Tru51ees
Date. ILri-i IciL8

INDEPENDENT AUDITOR'S REPORT TO THE
TRUSTEES OF THE PRET FOUNDATION {continued)
Oplnlon
We have audited the financial stslemenls of the Institute of the Prel Foundation for the year ended 31 December
2022 which comprise the Slalemenl of Financial Activities, the Balance Sheet, the Slalemenl of Cash Flows and the
related notes lo the financial slatemenls, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial ReFX)rting Standard 102 The Financial Reporting Standard applicablg in the UK and
Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practi￿1.
In our opinion, the financial slalements..
give a true and fair view of the 51ale of the charity's affairs as al 31 De￿mber 2022 and of the charity's net
movement in funds for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Poctice", and
have been prepared in accordance with the requirements ofthe Charities Act 2011 and the Charities and Trustee
Investment {Scollandl Act 2005 and regulation 8 of the Charities Accounts (Scotlandl Regulations 2006.
Basi5 for opinion
We have been appointed as auditor under section 144 of the Charities Act 2011. and section 4411 Ilcl of the Charities
and Trustee Investment Iscollandl Act 2005 and report in accordance with the Acts and relevant regulations made
or h2ving effect thereunder. We conducted our audit in accordance with International Standards on Auditing IUKI
IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the charity in
accordance with the ethical reqLJiremenls that are relevant lo our audit of the financial statements in the UK, including
the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis
for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the trustees, use ofthe going concern basis of accounting
in the preparation of the financial slalemenls Is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going
concern for a period of at least ￿e1ve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect lo going concern are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other infr>rmalion. The other infomiats'on comprises the infom)alion included in
the Trustees, Report. OLJr opinion on the financial slalemenls does not cover the other information and. except to the
extent otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial stalemenls, our responsibility is lo read the other information and, in doing
so, consider whether the other information Is materially inconsistent with the financial statements or our knowledge
obtained in the audit or othenmise appears to be materially misslaled. If we identify such material inconsistencies or
apparent material misslalemenls, we are required lo determine whether there is a material misstatement in the
financial slalemenls or a material misstatement of the other information. If, based on the work we have performed,
we conclude that there is a material misstalemenl of this other information, we are required lo report that fact. We
have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following mallers in relation to which the Charib'es (Accounts and Reports)
Regulations 2008 and the Charities Accounts (Scollandl Regulations 2006 require us to report lo you if, in our opinion".
adequate accounting records have not been kept by the charity", or
sufficient and proper accounting records have not been kept., or
the charity financial statements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.

INDEPENDENT AUDITOR'S REPORT TO THE
TRUSTEES OF THE PRET FOUNDATION (continued)
Responsibilitie$ of trustees for the financial statements
As explained more fully in the trustees, responsibilities statement set out on page 9, the Iruslees are responsible for
the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such
internal control as the trustees determine is necessary lo enable the preparation of financial statements that are free
from material misstalemenl, whether due lo fraud or error.
In preparing the financial statements, the Iruslees are responsible for assessing the charity's ability to continue as a
going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the IrLJslee5 either intend to liquidate the charity or lo cease operations, or have no realistic
allernalive but lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are tree from
matèrial misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always delecl a material misstatement when it exists. Misstatements can arise from fraud or error
and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial stalemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to delecl material misslatemenls in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irreguSarilies, including fraud is detailed beS0w'.
Based on our understanding of the charity and the environment in which il operates, we identified that the principal
risks of non-compliance with laws and regulations related to provision of care regulations, health and safely
regulations, employment law, safeguarding regulations and Charity law, and we considered the extent lo which non-
compliance might have a material effect on the financial stalemenls. We also considered those laws and regulations
that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and the
Charities SORP.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statement5
(including the risk ol override of ¢onlrolsl, and determined that the principal risks were related to depreciation charges.
Audit procedures performed by the engagement team included..
Inspecting minutes of Trustees, meetings.,
Inspecting correspondence with regulators and lax authorities.,
Discussions with management including consideration of known or suspected instsnces of non-compliance with
laws and regulation and fraud.,
Evaluating management's controls designed to prevent and delect irregularities.,
Identifying and testing journals., and
Challenging assumptions and judgements made by management in their critical accounting estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading lo a material misslatemenl in the financial slalements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulation Is removed from the events and transactions reflected in the
financial slatemenls, as we will be less likely lo become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to traud rather than error. as fraud involves intentional concealment,
forgery, collusion. omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsres
onsibililies. This description forms part of our auditorfs
report.

INDEPENDENT AUDITOR'S REPORT TO THE
TRUSTEES OF THE PRET FOUNDATION Icontinued}
Use of our report
This report is made solely to the charity's Iruslees, as a body, in accordance with section 144 of the Charities Act
2011 and regulations made under section 154 of that Act. and section 4411llcl of the Charities and Trustee
Investment IS¢ollandl Act 2005 and regulation 10 of the Charities Accounts (Scotlandl Regulats'ons 2006. Our
audit work has been undertaken so that we might slate to the charity's trustees those mallers we a￿ required to
slate lo them in an Auditor's report and for no other purpose. To the fullest extent permilled by law, we do not
accept or assume responsibility lo anyone other than the charity's Iruslees as a body for our audit work, for this
report. or for the opinions we have formed.
loa LLe
Haysmacintyre LLP
10 Queen Street Place
London
EC4R 1AG
Dale." 26 September 2023
Haysmacintyre LLP is eligible lo act as an auditor in terms of section 1212 of the Companies Act 2006.
14

THE PRET FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Restricted
Unrestrictgd
Total
Unrestrlcted
funds
2022
funds
2022
funds
2022
funds
2021
Notes
Income from:
Donations
41al
164,726
1,312,572
1,477.298
802,997
Investment
income
41b)
33
Total
164,726
1,312,572
1,477,298
803,030
Expenditure on:
Charitable
activities
51al
164,726
1,679,593
1,844,319
1,448,502
Total
164,726
1,679,593
1,844,319
1,448,502
Net movement
In funds
{367,0211
1367.0211
1645,472)
Reconciliatlon
of funds..
Total funds
brought forward
1,370,648
1,370,648
2,016,120
Total funds
carried forward
1,003,627
1,003,627
1,370,648
The Statement of Financial Activities includes all gains and losses recognized in the year.
All income and expenditure derive from continuing operations.
15

THE PRET FOUNDATION
BALANCE SHEET
At 31 DECEMBER 2022
Notes
2022
2022
2021
2021
Fixed assets:
Tangible assets
Current assets:
47.029
Debtors
10
646.413
512.714
312,192
1.162,692
Cash at bank and in hand
Total current assets
1,159.127
1,474,884
Liabilities..
Creditors.. amounts falling due
within one year
11
155,500
151,265
Net current assets
1003,627
1,323,619
Total net assets
1.003,627
1,370,648
The funds of the charity:
Unreslricled funds
15
1.003.627
1,370,648
Restricted funds
15
1,003,627
1,370,648
These financial statements on pages 10 to 21 were approved by the Trustees and authorized for issue on
26 September 2023 and signed on their behalf by..
C Schlee
Trustee
16

THE PRET FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
Note
2022
2021
Cash flows from operating activities:
Nel cash lused inllprovided by operating activities
Cash flows from Investing activities:
Investment income
14
649,978
656,305
33
Net cash providgd by investing activities
33
Change in cash and cash equivalents in the reporting period
649,978
656 272
Cash and cash equlvalents at the beginning of the reportlng
period
1,162.692
1,818,964
Cash and cash equivalents at the end ofthe reportlng period
512,714
1,162,692
Analysis of cash and cash equivalents
Cash al bank
512,714
1.162,692
ANALYSIS OF CHANGES IN NET DEBT:
At 1 January 2022
Cashflows
At 31 December 2022
Cash and bank
1,162,692
649,978
512,714
17

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Legal status of the Charftable Foundation
The P￿t Foundation is an unincorporated charitable Foundation registered as a Charity at the Charity
Commission in England and Wales (Charity Commission number is 10501951 and with the Scottish Charity
Regulator Icharity Commisssion number is SCO505011. The principal place of business is Prel A Manger,
10 Bressenden Pla￿, London, SW1E 5DH.
The remit of the Foundation is'the relief of poverty in particular homelessness in the UK,. Historically, this
has been achieved through the distribution of unsold foocl al the end of each day from Pret A Manger shops,
employment programmes offering work lo homeless people and financial donations lo grass root homeless
partner charities.
Accounting polieles
Basis of preparation
The financial statements have been prepared under the historical cost convention w1th items recognised at
cost or transaction value unless otherwise slated in the relevant notes to these accounts. The tinancial
statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and
Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 20191 and the Financial
Reporting Standard applicable in the United Kingdom and RepLJblic of Ireland IFRS 102}, Charities and
Trustee Investment (Scollandl Act 2005, regulation 8 of the Charits'es Accounts Iscollandl Regulations
2006 las amended) and the Charities Act 2011.
The financial statements have been prepared lo give a 'lrue and fair, view and have departed from the
Charities {Accounts and Reports} Regulations 2008 only to the exlenl required lo provide 'lrue and fair
view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021
issued 16 July 2014, including the adoption of the amendments issued in October 2019, rather than the
Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005
which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Foundation.
Monetary amounts in these financial statements are rounded to the nearest £.
The Pret Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised al historical cost unless otherwise slated in the relevant accounting policy notes.
Going concern
At the time of approving the financial slatemenls, the trustees continue to adopt the going concern basis of
accounting in preparing the financial statements. A detailed review of the Foundation's resources,
operations and challenges presented by the current economic climate has been undertaken and based on
the Foundation's ability lo flex and control its expenditure, dependent on income levels, and its strong cash
reserves, trustees have concluded that the going concem basis remains appropriate and that the
Foundation is able to meet its liabilities as they fall due. The Iruslees make this assessment in respect of a
period of al least one year from the date of aulhoiisalion for issue of the financial statements and have
concluded that the Foundation has adequate resources lo continue in operational existence for the
foreseeable future arid there are no material uncertainties Wlth regard lo the Foundation's ability lo continue
as a going concern.
18

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
2 Accounting policies Icontinuedl
Income
All income is recognised once the Foundation has enlitlemenl to the funds, any performance conditions
attached lo the ilemlsl of income have been met, il is probable that the income will be received and the
amount can be measured reliably.
Income from donations. including gifts are recognised where there is enlillemenl, probability of
receipt and the amount can be measured reliably.
Investment income is recognised on a receivable basis.
Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable
objectives of the Foundation.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by donors
or which have been raised by the Foundation for particular purposes.
Expgnditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
party, il is probable that settlement will be required and the amount of obligation can be measured reliably.
Expenditure is classified under charitable activity rather than the type of expense, in order to provide more
useful information to users of the financial statements.
Charitable activity costs comprise both direct expenditure attributable to the activity. and support costs
relating lo these aclivilies.
Governan￿ costs include the costs allributable to the Foundations compliance with constitutional and
statutory requirements, including audit and legal expenditure.
As The Prel Foundation is unable to reclaim any of the Value Added Tax {VATI that il incurs, all expenditure
in these financial slalements in relation to ils actNlties is shown inclusive of any VAT which cannot be
recovered.
Fixed assets
Tangible fixed assets are initially recorded at cost and subsequenuy measured at cost, nel of deP￿CIatIOn
and any impairment losses. Tangible fixed assets with a cost price in excess £1,DOO are capilalised and all
other expenditure is charged lo the statement of financial activities.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful
lives on the following basis..
Fixtures and fittings
over 35 months lunlil 31 October 2021.. 5 years)
The Trustees have reviewed the useful economic life of the fixtures and fittings held by the Foundation in
2021 and amended the depreciation rale as stated above following the decision lo end the contract with
Wesl London Mission.
The gain or loss arising on the disposal of an asset is delerrnined as the difference be￿een the sale
prO￿edS and the carrying value of the asset and is credited or charged to ststement of financial aclivilies.
19

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles Icontlnuedl
Impairment of fixed assets
An assessment is made at each reporting date of whether there are indications that a fixed asset may be
impaired or that an impairment loss previously recognized has fully or partially reversed. If such indications
exist, the Trust eslimales the recoverable amount of the asset.
Shortfalls be￿een the carrying value of fixed assets and their recoverable amounts, being the higher of fair
value less Costs lo sell and value-in-use, are recognised as impairment losses. Impairment losses are
recognised in slalemenl of financial activities.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased
to apply. Reversals of Impairment losses are recognised in statement of financial activities. On reversal of
an impairment loss, the depreciation is adjusted to allocate the asset's revised carrying amount Iless any
residual value) over ils remaining useful life.
Financial instruments
The Foundation only has financial assets and liabilities of a kind that quaSrfy as basic financial instruments
and are not considered to be of financial nature. Such financial instruments are ini118lly recognised at
transaction value and subsequenlly measured at their settlement value.
Debtors
other debtors which are receivable within one year and which do not constitute a fin2ncing transacb.on are
initially measured al the transaction price. Other debtors are subsequently measured at amortised CDSI,
being the transaction price less any amounts settled and any impairment losses.
Cash at bank and in hand
Cash al bank and in hand includes cash and monies on short term deposits al the bank, other short-lerm
liquid investments with original malurilies of three months or less.
Creditors
Creditors are recognised where the Charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be
measured or eslimaled reliably. Creditors are norm811y reC(￿niSed at their settlement amount.
Taxation
The Foundation is a registered charity 8nd accordingly is exempt from laxalion on ils income and gains
where they are applied for charitable purposes.
Pension
For defined contribution schemes the amount charged lo the Statement of Financial Activities is the
recharge of contributions payable in the year. Differences be￿een contributions payable in the year and
contributions actually paid are shown as either accruals or prepayments.
Critical accountlng estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other
factors. including expectations of future events that are believed lo be reasonable under the circumstances.
There are no areas of judgement lo note.
20

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying
amount of assets and liabilities are as follows.
Depreciatlon
The assessment of the useful economic lives and the method of depreciating tangible fixed assets requires some
estimation. Depreciation is charged lo the Statement of Financial Activities based on the useful economic life
selected, which reouires an eslimalion of the period and profile over which the Foundation expect5 to consume
the future economic benefits embodied in the assets. Al 31 December 2022 the carrying value Df tangible assets
was £Nil 12021.. £47,029) and depreciation of £47,029 12021.. £144,727). See the accounts'ng Fx)licy for further
details on the impact of a change to this estimation during the year.
Analysis of income
Totsl
2022
Total
2021
lal Donatlons
t)onations received
1,477,298
802,997
Ibl Investment income
Interest receivable
33
Analysis of expenditure incurred by The Pret Foundation
The Charity fulfilled ils charitable purposes by picking up unsold food from Prel A Manger shops throughout the
UK and delivering it lo other charities that assist with the relief of poverty. In other instances the Foundation made
cash grants as the Trustees saw fit. The a¢cotJnls do not include the monetary value of the unsold food collected
and distributed from the Pret A Manger shops as the Trustees believe that the food has no monetary value by
virtue of it being unsold. Comparative figures are included in note 16.
lal Charitable activities
The Rising
Star &
Shooting
Stats
programrne5
Cash.
Equipment
& Food
donations
Food
dlstrlbutions
Total
2022
Total
2021
Shelter
Gifts and donations
(See note 5cl
Food delivery costs
Apprenticeship costs
Shelter costs
Ukraine Employment
Programme
Support costs {See note
51bll
249.920
249,920
189,935
765,851
765,851
180,657
47,030
641,983
136,823
204,671
180,657
47,030
126,987
126,987
127,791
230 000
93,721
22 362
473,874
275.090
893,642
537,644
343,641
69,392
1.844,319
1,448,502
21

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
S Analysls of expendlture Incurred by The Pret Foundatlon {contlnued)
Ib) Supportcosts
The Rising
Star &
Cash,
Shooting Equipment
Stars
& Food
Food
Total
Total
distributions Programmes
Donations
Shelter
2022
2021
Staff Costs
(See note 61
Team Expenses
Bank Charges
Audit &
Accounting Fees
Consultancy
Costs
Marketing costs &
donations
platform
other Costs
82,519
181,541
49,511
16,504
330,075
172,196
2,655
701
5,842
701
1,593
701
531
88
10,621
2,191
3,923
1,166
10,080
10,080
10,080
1,260
31,500
39,600
1,600
1,600
1,600
200
5,000
6,416
29,974
263
29,974
263
29,974
259
3,747
33
93,669
46,110
5,679
818
127,792
230,001
93,718
22,363
473,874
275,090
Support costs are allocated on a basis consistent with the activities of the Charity. Governance costs
amounting to £34,72712021. £44.444} for legal, audit and accounting fees are included in above.
22

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis of expenditure incurred by The Pret Foundation (continued)
{c} Gifts and donatlons
Noof
gifts
Noof
glfts
2022
2021
The Foundation has made the following gifts of £5,000 or
more..
The 999 Club
Salford Loaves & Fishes
240 Project
Shelter from the Storrll
Genesis Trust
AK[
Off the Fen¢e Trust
Barnabas
Bridges Project
Bethany Christian Trust
InHope
Sl John of God Hospitaller servI￿s
si stephens The Manna
The Upper Room
Sl Cuthbert's Centre
The Margins Project
Brixlon Soup Kitchen
The Vineyard Arches Trust
C4WS
Street Connect
D.E.C.
Other amounts less than £5,000
10,694
10,000
10,000
10,000
10,000
10,000
11,000
10,160
7,000
10,500
10,000
9,750
11,000
10,143
10,000
10,000
5,000
10,000
10,000
10,000
50,000
4,673
10,000
9,400
10,000
10,000
10,000
10,000
10,000
10,000
4,980
9,850
10,000
10,000
10,000
10,000
8,500
10,000
7,000
9,410
10,000
7,000
3,795
Total
22 249,920
21
189,935
23

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analysis of staff costs and numbers
Total staff emoluments for the year were as follows..
2022
2021
Wages and salaries
Social security costs
Pension contributions
286,850
32,732
10,493
145,781
18,034
8,381
330.075
172,196
These costs relate to the reimbursement ofwages and salaries by the Foundation lo Prel A Manger {Europe}
Limited, for the time incurred by employees of Pret A Manger {Europel Limited on the Foundation's aCt￿VIlle8.
The wages and salaries of £268,85012021'. £145,781 is nel of CJRS grants received) of £Nil12021'.
£20,515) paid by Prel A Manger (Europe) Limited for the employees that incurred lime on the Foundation's
activit￿s.
The average number of employees whose wages were recharged lo the Foundation during the year were 8
12021.. 51.
One employee received emoluments of £60,000 10 £70,000 in the year12021'. £01.
Trustees. remuneration and expenses and costs of key management personnel
No Trustee received any remuneration or payment for expenses during the year12021.' £Nil}.
The Foundation considers that the only key management are the Trustees which includes the Chief
Executive Officer of Prel A Manger, and these personnel are not remunerated during this year or the prior
year by the Foundation.
Auditors remuneration
Fees payable to Haysmacinlyre LLP12021.' RSM UK Audit LLPI and its associates in respect of both audit
and non-audil services are as follows..
2022
2021
Audit remuneration - 2022 audit
Audit remuneration - 2021 audit
Audit remuneration- 2020 audit
Other services..
All other non-audil serVI￿S
24,000
27,000
7,200
5.400
5.400
29,400
39,600
24

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tangible fixed assets
Fixtures
and
fittings
Totsl
Al 1 January 2022 and al 31 December 2022
304,004
304,004
Depreciation and impaimient
At l January 2022
256,975
47,029
256,975
47,029
304.004
Charged in the year
At 31 De￿mber 2022
304,004
Carrying amount
Al 31 December 2022
Al 31 December 2021
47,029
47.029
10 Debtors
2022
2021
Other debtors
Accrued income
638,957
7,456
312.192
646,413
312,192
11
Creditors: amounts falling due wlthln one year
2022
2021
Trade creditors
Accruals
Deferred income
125,000
30,500
107,729
41,036
2.500
155.500
151,265
The deferred income of £Nil12021.. £2.5001 relates to sponsorship income.
25

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
12
Related party transactions
The main related paty to the Foundation is Pret A Manger {Europel Limited, a company which operates
a chain of food relain outlets across the United Kingdom. Donations during the year were from Prel A
Manger IEuropel Limited. The value of donations received via Prel A Manger (Europel Limited are
£830,054 {2021.' £429.771}. The Trustees are selected from the majority of senior management of Pret
A Manger (Europe) Limited.
During the year, the Foundation was charged £330,07412021'. £172,196) in salary costs, for time incurred
by Pret A Manger IEuropel Limited employees on the Foundation's aclivilies, which was nel of £Nil {2021'.
£20,515) of CJRS grants received by Prel A Manger (Europe) Limited for those employees. During the
year Pret A Manger (Europe) Limited also made payments on behalf of The Pret Foundation of costs
which were then recharged lo the Foundation of £40812021." £178,84818nd al 31 December 2022 the
Foundation was owed by Prel A Manager (Europe) Limited £638,95812021". £310,443).
13
Ultimate controlling party
The trustees do not consider that there is any one controlling party.
14
Reconciliation of not incomg to not Cashllow from operating activities
2022
2021
Ngt in¢omo for the roporting period
Adjustments for:
Depreciation
Investment income
1367,0211
1645,4721
47,029
144,727
1331
{126,1161
129,4111
1656,3051
Increase in debtors
1334,2211
4,235
1649,978)
(Decreasellincrease in creditors
Net cash (used Inllprovlded by operatlng actlvltles
15
ststement of Funds
January
2022
Income
Expenditure
Net
Movement
31 December
2022
Unrestricted
1,370,648
1.312,572
11,679,593)
{367,0211
1,003,627
Reslricled
UEP
The Rising Star
Programme
114,726
50,000
(114,7261
150,0001
Total Funds
1,370,648
1.477,298
1,844,319
367,021
1,003,627
26

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
Comparatlve statement of funds
01 January
2022
Net
Movement
31
December
2021
Income
Expenditure
Transfers
Unreslricled
2,016,120
803,030
11,448,502}
1645,4721
1,370,648
Total
2,016,120
803,030
11,448,502)
{645,4721
1,370,648
Ukraine IUEPI- Due to the Russian invasion of Ukraine, TPF launched the Ukrainian Employment Programme in
April 2022 and recruited over 250 peop5e (mainly women) over an 8-monlh period with nearly 800/0 still working for
Prel. The UEP also provided financial support in the way of travel costs, hardship ftjnds, running English lessons
and counselling sessions. SOOA of the lolal cost for 2022 was covered by JAB Holdings which was ￿ceiVed in
December 2022.
Rising Star Programme- the Rising Stars programme has been running for many years working with our charity
partners in providing job opportunities for homeless or those experiencing homelessness.
27

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
16a. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES - 2021
Unrestricted
Unrestrfcted
funds
2021
funds
2020
Notes
Income from:
Donations
Investment income
41al
41bl
802,997
33
2,801,935
599
Total
803,030
2,802,534
Expenditure on:
Charitable activities
51al
1,448,502
1,303,780
Total
1.448,502
1.303.780
Not movement in funds
1645,4721
1,498,754
Reconciliation of funds:
Total funds brought forward
2,016,120
517,366
Total funds carried forward
1,370,648
2,016,120
16b. Charitable activities - comparative figures
The Rising
Star &
Shooting
Stars
programmes
Cash,
Equipment
& Food
donations
Food
distributions
Totsl
2021
Shelter
Gifts and donations
Food delivery costs
Apprenticeship costs
Shelter costs
Support costs note 16c
189,935
189,935
641,983
136,823
204,671
275,090
641,983
136.823
204,671
15,734
74,711
109,934
74,711
716,694
246,757
264,646
220,405
1.448,502
28

THE PRET FOUNDATION
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
16c. Support costs - comparative figures
The Rising
Star &
Cash,
Shooting Equipment
Food
Stars
& Food
distributions Programmes
Donations
Total
2021
Shelter
staff Costs
Isee note 6)
Team Expenses
Bank Charges
Audit &
Accounting Fees
Consultancy
Costs
Marketing costs &
donations
platform
Other Costs
43,049
77,488
43,049
8,610
172,196
981
361
1,765
361
981
361
196
83
3,923
1,166
12,276
12,276
12,276
2,772
39,600
1,989
1,989
1,989
449
6,416
14,294
1,761
14,294
1,761
14,294
1,761
3,228
396
46,110
5,679
74,711
109,934
74,711
15,734
275,090
29