COMPANY REGISTRATION NUMBER: 3286672
CHARITY REGISTRATION NUMBER: 1065423
Progress to Change
Company Limited by Guarantee
Financial Statements
For the year ended
31 March 2024

Progress to Change
Cornpany Limlted by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report {incorporaling the direclorfs report)
Independent auditor's report lo the members
Slalemenl of financial activities (including income and expenditure account)
Statement of financial position
12
Statement of cash flows
Notes lo the financial slalemenls
14

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report (In¢orporatlng the Directorfs Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report 8nd the financial slalemenls of
the charity for the year ended 31 March 2024.
Reference and admini5tratlve details
Registered charity name
Progress lo Change
Charity registration numbgr
1065423
Cornpany registratlon number
3286672
Prlnclpal office and reglstered
office
63 Clarendon Road
Leeds
LS2 9NZ
The trustees
ProfA W M Hay (Chairman)
Mrs D Favre
Mrs J Dilks
Prof O Matthias
Mrs C Cochrane
Dr E Wincup
Mrs S Mondon
Mr R Brook
(Resigned 19 September 20231
Kgy management personnel
Chief Executive - Mrs L Canlley
Finance Manager- Mrs R Kyle
Ripon House Hostel Manager- Mrs C Maguire
Cardigan House Hostel Manager- Mr B Spink
Training and Project Manager- Mrs E Falk
Company secretary
Mrs T Gradys
Auditor
Gibson Booth
Chartered Accountants & Slatulory Audllors
New Court
Abbey Road North
Shepley
Huddersfield
H08 8BJ
Bankers
National Westminster Bank plc
Leeds City Office Branch
8 Park Row
Leeds
LS15HD
Solicitors
Wrigleys Solicitors LLP
19 Cookridge Street
Le6ds
LS2 3AG
Investment managers
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report} {contlnued)
Year ended 31 March 2024
Chalrman's report
This last year has witnessed some major personnel changes al Progress lo Change IPICI and a huge amount of work by many
lo enable a contract bid lo be submilled lo the Ministry of Jusliee for funding for a possible 5-year period from April 2026.
In early April this year Louise Canlley retired after 17 years as CEO of the charity. Amongst many achievements, Louise helped
oversee the merger of our two hostels Ripon House and Cardigan House under a single umbrella organisalion and I now have
the privilege of chairing the trustees of our unitary grouping. As a truste& for some 7 years I have Wbtnessed how well Louise
sleeied PIC and help&d to inslil. and reinforce, the charity's ethos which is about housing residents on release from prison,
ensuring their accommodation is welcoming and supportive, that significant effort is made lo help with their rehabilitation, and
that premises also function to ensure protection of both residents and wider public. This is no small tssk. Louise managed Ihls
work with rigour, and a 9real deal of compassion, and trustees are grateful for all she did. We wish her well in heT retirement
and trust Ihal she gels to travel and Continue marathon running.
Louise's retirement meant finding a replacement lor her and l am delighted that Clare McGuire. formerly the manager of Ripon
House, was chosen by a panel of Iruslees lo be the new CEO. With Clare moving up we had to lind a new Operations Manager
for Ripon and we recruited Elizabeth Sunley from a wide range of applic8nls. Elizabeth, formerly a Senior Probalitsn Officer in
Leeds, joined the management team in April and l am delighted to say is sellling in well. She compliments Ben Splnk who
manages Cardigan and has done so for some 2 years now, and Emma Falk who continues to oversee many projects and the, al
limes. frustrating process lo secure the Enabling Environment award which we now have for both premises. As Iruslees we are
grateful lo this management team of four for all they do lo enable the charity lo remaln fully staffed and meet ils commilmenls.
The Charity has been preoccupied for some two years about the process lo bid for a ￿ntract for funding from 2026 onwards.
After a further delay in the process we were finally invtied lo lender for the new contract in June 2024. The financial section of
the bid, based on current expenditure, and projections for the future. is robust, and was completed by our PIC accountant
Rachel Kyle, and we trustees wish lo thank her. Above all the Iruslees owe a real debt of thanks lo Clare McGuire who did the
vast bulk of the writing for the bid, which she submitted before the due dale. Emma and Ben also contributed on sections where
they had the expertise. Bul given that Clare had been in post for less than 3 months before undertaking the work on the bid, the
Iruslees consider this lo be an exceptional achievement, and wish to both thank and compliment her.
Our Board of Trustees remains unchanged and is a real resource for the support and wise counsel it provides for the wide range
of issues PIC needs to consider. The board continues lo meet mainly via Zoom with two meetings a year in-person. Inspection
visits of premises is now also mainly in-person except where a staff absence may necessitate an online inleNiew. In-person
visits by Iruslees provides a valuable opportunity to engage with staff and residents, and is a vital engagement mechanism. as
well as an important window on activities.
The three trustees Emma Wincup. Sara Mondon, and 019a Matthias, and our secretary, Tricia Gradys, contlnue to oversee our
grant giving process. Carol Cochrane created. and maintains, our Risk Register which gives us a clear view of any potential
problems and how we might miligale these. Carol also co-ordinates our Remuneration Committee, with Jill Dilks and Diana
Favre additional members. Although inflation is on the wane, the trio still had lo consider legacy cosl-of-living problems for staff
and assess what the charily could afford by way of salaries. Diana, as Vice-chair. also continues to step in and cover for me
when l am unavallable. l am grateful lo 811 three Iruslees on the Remuneration Committee, lo those on the grant-giving
commillee, and other Iruslees, for all of their work and support of me, and the charily.
Progress lo Change is an associate of the National Approved Premises Association. This gives us access to training and to
meetings with other Independent APS and representatives from the Ministry of Jusli¢e. Two trustees, along with Clare and Ben,
attended the NAPA Tesidenlial conference in July.
The a¢hievemenls and performance section of this report explains that our contract with the Ministry of Justice runs until 31
March 2026. The charity thus has a guaranteed income for the next 1 and /* years. We await the outcome of the new bid which
we will only find out in May 2025.
Our pension responsibilities occupy much discussion time for the Iruslees. The charity is now solely responsible for the
employer's contribution for staff on the People's Pension, as well as for those ¢urrenlly and previously employed who are on the
West Yorkshire Pension Fund IWVPFI, which has an ongoing deficit. We continue lo fund the deficit. More recent valuations of
the WYPF now sijggesl that il is in credit, bul we await the 3-yearly review by the fund's auditors lo see what our future
payments will be.
We continue lo be indebted lo Tricia for her efficient work as Company Secretary and lo Patrick Healon, our auditor from
Gibson Booth.
Amidst many uncertainties the charity continues to offer opportunities for our residents to re-assess their lives and with support
make the changes needed to turn from offending. I wish lo thank all our staff, wilhoul whose resourcefulness, dedication, and
hard work, none of this would be possible

Progress to Change
Company Limited by Guarantee
Trustees. Annual Report Ilncorporating the Director's Report) (continued)
Year ended 31 March 2024
ProfA WM Hay
an

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report} (Continued)
Year ended 31 Mar¢h 2024
Governlng Document
Progress lo Change (formerly known as the Ripon and Leeds Diocesan Council for Social Concern) is a Company Limited by
Guarantee and incorporates the work of the two Approved Premises - Ripon House and Cardigan House and their related
assets and liabilities. Our registered charity number is 1065423. The charity has ils Offi￿ al 63 Clarenden Road, Leeds, LS2
9NZ.
Social Concern was incorporated on 3 December 1996. Following a special resolution, the company was incorporated under the
revised name of Ripon & Leeds Diocesan Ctsuncil for Social Concern with effect from 27 December 2000.
As a result of the creation of the Diocese of Leeds in 2014, and following a special resolution, the company was incorporated
under the revised name of Progres5 to Change with effect from 15 August 2015.
During 2015, the Trustees further reviewed and updated the Articles of Association of the Company. These were amended by a
special Tesolulion dated 22 September 2015.
RecruStment and appointment of Trustees
The Trustees of Progress lo Change and the Board members are the same people. Under the requirements Of the Articles of
Association Trustees are appointed for a period of four years, after which they Can be re-appointed for one further term of four
years. Five are appointed by the Bishop of Leeds and four are appointed by the Board of Trustees.
Members h8ve a wide range of backgrounds and skills, bringing expertise in business, finance, education, the legal system,
social work and the Church.
To ensure a broad skills mix, Trustees are asked lo provide a CV and list of skills on their application form. A skills inventory is
maintained and, in the event of particular skills b6ing lost due lo retirement, efforts are m8de lo recruit individuals with a similar
skills base. Progress to Change this year has created an application pack for interested parties.
Organlsational structure
The Board of Trustees, of up lo nine members, has overall responsibility for the management, strategic direclion, and policy of
the Charity and meet nine times a year. Most meetings of the Board, including some sub-group meetings. are held via the Zoom
platform lo accommodate the needs of Iruslees. However, two meeting per year are held on a face-to-face basis
at Ripon House. APS inspection visits are undertaken in person by a Trustee.
D8y-lo-day management of the two Approved Premises IAP'S) is delegated lo the Chief Executive Officer and Operational
Managers. The Managers have responsibility for operational management of the AP'S. individual supervision of staff and
ensuring that the staff teams continue lo develop skills and working practices in line with best practice.
Trustee induction and training
New Board members are provided with an induction pack. Additionally, gaps in knowledge are identified by individual members
and visits and training are organized to enable members lo have suffiryenl information about the work of the charity lo contribute
effectively.
Remuneratlon Policy
Inlroduclion.. Progress lo Change is eommilled to paying ils employees fairly so that the best people for the job are attracted and
retained.
Employee Salaries.. The pay and benefits of all employees are reviewed on 8 ￿gUlar basis and, where appropriate, are
benchmarked against the salary scales used within the Probation Service for equwalent roses.
Payments lo Trustees.. All trustees give their lime freely and do not re￿1ve any pay gr recompense other than lor reasonable
out of pocket expenses.
The Finance Committee.. The Finance Commillee reviews the remuneration of all employees and makes recommendations lo
the Board r)f Trustees for implemenlalion.
The Finance Committee comprises of three Trustees, one of whom will act as ChalT.
The Finance Committee will make salary recommendations lo the Board for all employees taking into consideration..
any proposals lor pay increases for Hostel employees pul forward by the Chief Executive
recommendations lo the Board in respect of cosl-of-living increases.
Grant maklng policy
In the recent past the Gharity has made the occasional small grant lo local organisalions in furtherance ol the charity's
objectives.
Progress lo Change is now encouraging any indwidual, or small communily-based group, lo apply for a small grant i
SUPPDrtino a planned activity. in accordance with our charitable aims, which will enhance the quality of life of those taking part.

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
Applications from individuals can be submitted for grants of up lo £1.000. and Community groups or organisalions up to £2,000.
Individuals and groups applying musl be able ID show that the activity will improve the life opportunities for those who have been
affected by crime.
Organisalions may only apply for a grant once in any financial year.
Rlsk management
The Trustees maintain a Risk Register of the poten1181 risks which the Charity is exposed to and has pul in place steps lo
mitigate these risks. The risks are grouped under three main headings- al Governance Risks. bl Financial Risks, cl Operational
Risks. For each risk existing control procedures have been identified along wilh proposed improvements in controls. On an
ongoing basis as new risks are identified or the nature or significance of perceived risks change the Risk Register has been
updated. The last update was in May 2024. This involved the idenlificalion of any changes to the potential risks and progress on
the implem8nlalion of identified actions lo miligale risks.
As explained under 'Objectives and activities,, the principal 8Ctivily of the two Approved Premises is to provlde enhanced
supervision in a residential setting, including rehabililalion, risk management, and monf(oring. The majority of offenders are on
license following release from custodial sentences. There are particular risks associated with this work. The Charity has a team
of appropriately qualifted key management personnel who undertake regular Irainino as well as working closely with the Ministry
of Justice and the Probation Service.
Robust Risk Management procedures are in place in all aspects of the Charity's day-lo-day activities in Ihls regard. Policies and
procedures are in place lo ensure compliance wilh health and safely regulations, food hygiene regulations and lire regulations.
The risk management systems and prO￿dureS are Continually reviewed by the key management team. All the identified risks
are managed by regular Iralning and awareness for staff working on day-It>day operations and by ensuring a￿reditatIOn is up
lo dale and having robust policies and procedures in place.
Related partl9$
In so far as il is complementary lo the Charity's objects, the Charity is guided by local and national policies. The AP'S work in
association with the regional Probation Servi￿, Community Rehabilitation Companies. local GP practices, local housing
organisations, alcohol and drugs services. and other third seclor organisalions.
Nationally, the AP'S work collaboratively with their funders, the Ministry of Justice. and Her Majesty's Prison & Probation
Servlce. We are also a member of the National Approved Premises Association INAPAI, ensuring that national slandaids are
constantly allained.
The Trustees thank all of our partner agencies for their commitrnenl lo and assistance with our work.
Oblectlves and activities
The charity's purposes. as set tsut in the objects contained in the company's Articles of Assoclalion, are..
to maintain th6 premises known as Ripon House and Cardigan House as Approved Premises within the meaning of the
Offender Management Act 2007..
lo support and further all or any charitable activities carried out in connection with the Church of England in the DI0￿Se
of Leeds and in particular.,
the promotion and temperance and of higher standards of moral life in the individual, the family and the community..
the rehabilitation of offenders and in particular those addicted to drugs or alcohol or otherwise in need of help.,
the relief of distress or suffering arising from offending behaviour.
These objects were last reviewed and updated in 2015. The Trustees have referred lo the gLtid8nce contained in the Charity
Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
The focus of ourwork
Progress lo Change continue to Provide enhanced supervision for people on Probation, who are on post custody Lic8nce. Both
premises work with those that present a high risk of harm lo the public. Ripon House continues to also take women who present
a medium risk of harm lo the public but present wf(h a complex problemslneed. The work undertaken al both premises is both
needs and risk led and pivotal to the risk management plan over seen by the Probation Practitioner. Individuals are subject, to
key work sessions, curfews, and additional monitoring, including, for some the requirement to wear a lag, these may monitor an
Individual's precise whereabouts or alcohol consumption. Ex8d and tailored Licence conditions are drawn up by the Probation
Praclilioner, wlih some input from the Approved Premises, in terms ol requesting specific requirements linked lo their slay al the
AP.
Achlevements and performance
Performance continues lo be a crucial part of our current contract with the Ministry of Justice. Both Cardigan House and Ripon
House musl demonslrale these are being mel at key stages of an individual's slay. Both premises hil their largels for 23124 and
are currently performing well into the 2 quarter of 24125.

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report Ilncorporating the Directoffs Report) (continued)
Year ended 31 March 2024
Key lo the success of the Approved Premises are the engagement sessions (purposeful activiliesl. Over 12 months the number
of individuals attending the vast array of activities remains impressive with events including our continued engagement with
Active Leeds who have supported both staff and residents in taking more care of both their physical and mental well-being. Our
other partnerships include supporting residents lo engage in creative workshops, such as music, drama and art which
complement the staff sessions which focus more on rehabililalion, thinking skills and independent living.
Contract with the MOJ
Al the end of 2023 the Government announced that all future contracts for the running and management of Independent
Approved Premises would finally be pul out for lender. This formal process has now been completed. W6 needed lo submit
evidence of the specific skills provided including detailed costing of the service. The current contract ends in Spring 2025. The
oijlcome of the lender submission will not be known until thtsn. Therefore, there will be a 12-monlh extension lo our current
contract, during the mobilisation period. With new contracts starting in April 2026.
Enabllng Environments
Both Approved Premises are in receipt of the required Enabling Environment Award (EEI and hold the full awards until 2026.
However, each are required to undertake annual assessmentslreports lo demonstrate the on-going commilled to their EE
slalus. Ripon House was successful in retaining theirs in March 2024 and Cardigan House will b& submitting their report in Ocl
2024.
Partnership5
As an AP partnership working remains very high on the agenda and is key to providino residents with a positive impactful slay.
The incoming CEO, C Maguire, is beginning lo make links with local community oroanisalions including faith grtsups and
education providers, lo support both residents and our staff team. One su¢h partnership is the DWP Social Justice Team who
provide drop-in sessions at the APS to support residents who are both vulnerable with multiple barriers. They offer support with
benefit advice and job centre liaison. Progress lo Change have also joined Mindful Employer Network lo provide additional
support lo all staff around emotional wellbeing.
Stafflng
Recruilmenl and retention have been an ongoing issue for the past few years. However, in the last six months staffing has been
more stable and we have welcomed several full-time staff lo Progress lo Change, including Liz Sunley who is now the
Operational Manager for Ripon House. Liz joined the organisation in March 2024 and is already making a very positive impact
on the AP, with her wealth of experience workin9 With women and a can-do attitude. We have also employed several new
Support Workers at both Cardigan House and Ripon House, and all have brought new skills and uniqueness lo the roles. The
personnel in Case Manager and Administrative Roles remains stable.
The organisation is grateful lo the very important part our Relief staff play, lo help cover holidays and sickness, sometimes al
very short notice. We also have two new, On Ca51 Managers who have been a positive 8ddilion to the 16am. The support ol our
On-call Managers ensure staff have assistance and support from a qualified. eXperIen￿d individual al all times of the day and
night.
Flnancial revlew
Our Ministry of Justice contract has been extended until March 2026 after which a new contract over a 4-yeaT, possibly 5- year,
period will be in place from 1 April 2026. We have had lo submit a bid for this new ¢onlra¢l and our new CEO spent a
considerable amount of time preparing the bid. The outcome of bids will be announced in May 2025. Income for the period from
April 2024 - March 2025 was based on the income for 2023 plus an increase for CPI.
The Ministry of Justice provide(J a contribution of 800h of the Additional annual pension payments to WYPF for 202112022, bul
the charity was informed that this was a one-off payment. Since then, the charrty has been solely responsible for all pension
payments lo the WYPF and for the employer's contribution lo pensions for those staff on the People's Pension.
An annual finance budget for each AP is submitted to the Board of TTuslees in March. Budget reviews lake pla￿ six times a
year al Management Board meetings. Both AP'S have continued lo manage Ihelr finan￿S in a prudent and resourceful way.
Income for the year including investment income increased from £2,216,025 in 2023 10 £2,484,550 in 2024. Further information
is provided in notes 5, 6 and 7.
Expenditure during the year increased from £2,131,652 in 2023 10 £2.288.156 in 2024. Further information is provided in notes
8and9.
The Charity's investment portfolio increased in value during the year lo £2,309.27612023: £2,067,547>.
The nel gains on investments during the year were £241,72812023.. losses of £29.4031.
As sel out in note 19 'Pensions and other posl-retiremenl benefits, following an actuarial review a loss of £810,00012023'. gain
of £956.0001 has been reflected in this year's Statement of Financial Aclivilies.
The nel movement in funds for 2024 was a deficit of £371.87812023.' surplus of £1,010.970).

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report Ilncorporating the Directorfs Report) (contlnued)
Year ended 31 March 2024
al Principal Fundlng Sources
The Ministry of Justice is the principal funder of both Cardigan House and Ripon House. Detailed information on this and the
Charity's finances are set out in the Financial Accounts al the end of this Report. The Charity does not undertake any additional
fundraising activities.
bl ResoNes Pollcy
In considering this the Trustees have had regard to the current situation in the UK,. the high level of inllalion, the high level of
interest rates and our contract with the Ministry of Justice.
There remain uncertainties regarding the Charity's funding by the MOJ. 11 is for the above reasons and the level of uncertainly
that the charity has again considered it both prudent and necessary to mainlaifi Designated Reserves as sel out in the
Designated Reserves note.
The Trustees have established a policy whereby the funds of the Approved Premises not commilled or invested in tangible fixed
assets ("Ihe free reserves") are maintained at a level which the Board Considers sufficient lo maintain the continuing activities of
the Charity on the basis of the funding arrangements with the Ministry of Justice.
Why reserves are needed
As part of ils Risk Assessment, the Board has established that the Charity needs lo mainlain short-term and long-lerm reserves
lo reduce the impact of Tisks from both internal and external factors.
As owner of the two properties Cardigan House and Ripon House, the Board needs to hold sufficient reserves to CDveT
major building works which are not funded by the MOJ.
The two Approved Premises need lo hold short-lerm reserves lo meet costs of unplanned events and planned internal
maintenance of the buildings.
The Board also has overall responsibility for the staff employed and, should income be disrupted the Charity need lo hold
sufficient reserves lo meet ongoing costs and commitments until further funding is secured.
Reseryes are also required lo meet the VVYPF defined benefit liabilities given that there is no guarantee that the Ministry
of Justice will continue lo provide fvnding.
Level of Reserves
Given the slated background as to why reserves are needed, the Iruslees are of the view that the level of unrestricted income
reserves of £2,797,791 are at an appropriate level lo enable the charity to meet ils objectives and continue as a Going Concern.
Investment of reserves
The reserves of the Charity are held in the freehold property, investments managed by CCLA. and short-lerm bank accounts.
With regard lo risk, as the balance of the Central Reserves Fund alters, investment advice will be sought by the Trustees when
necessary.
c} Investment Pollcy
The investment policy's objectives are..
Effective man8gemenl of the Charity's assets that are not required for imminent use.
To protect the reserves of the Charity and maximise investment income.
The Investment Objectives are-.
Produce the best financial return within an acceptable level of risk.
Produce a total return of al least RPI plus 3 % tsver the long term.
The policy has regard lo areas of Risk, Liquidity, Time Horizon, the charity's Ethical Policy, Management, Reporting and
Monitoring.
The policy is approved by the Trustees and is Teviewed annually.
Investment of reserves
The Charity continues to monitor its reserves. As the charity is solely responsible for the p6nsion funds of previous and existing
staff on the WYPF, and for those with the People's Pension, il may have lo look lo ils reserves lo meet all payments. Some
small projects that will benefit the residents of both Approved Premises may also be considered.
The Charity's conlracl with the MOJ continues lor a further two years lo 31 March 2026. After that our contract with the MOJ will
be dependent on a successful competitive lender.
The Charity will continue lo operate al the highest level in carrying out ils activities for the benefit of ils residents.
The Charity continues lo investigate future outreach work with residents once they have left the Approved Premises.

Progress to Change
Company Limited by Guarantee
Trustees, Annual Report Ilncorporatlng the Directofs Report) (continued)
Year ended 31 March 2024
Plan$ for future perlods
The future of the organisalion is very positive. The aim is lo win the conlracl which will provide the organisalion and ils staff with
stability for a further 5 years post 2025. Staff training is high on the agenda for the coming 12 months, exploring options to
provide a more formal qualification for those who join at entry level roles. Plans are also taking shape in terms of working
towards having a nel zero ambition for both APS in the coming years.
Post balance sheet evènts
A good deal of time was spent by the CEO, senior management, and trustees preparing a bid for a contract for 4-years of
funding from April 2026.. the bid was submilled lo the Ministry of Justic8 in August 2024.
Trustees. responslbllities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees. report and the
financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdc>m Generally
Aecepled Accounting Praclicel.
Company law requires the charily Iruslees to prepare financial slalements for each year which give a true and fair view of the
stale of affairs of the charitable company and the incoming resources and application of reSoUr￿s, including the Income and
expenditure, for that period.
In preparing these financial slalemenls, the Iruslees are required lo..
select suitable accounting policies and then apply them consislenlly..
observe the methods and principles in the applicable Charities SORP.,
make judgments and aecounling eslimales that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it Is inappropriate lo presume that the charity will
continue in business.
The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's
transactions and disdose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detedion of fraud and other irregularities.
Audltor
Each of the persons who is a trustee al the dale of approval gf this report confimis that..
so far as they are aware, there is no relevant audit information of which the charity's auditor is un8ware', and
they have taken all steps that they tsughl lo have taken as a trustee lo make themselves aware of any relevant audit
information and lo establish that the charity's auditor is aware of that information.
A resolution lo reappoint Gibson Booth as auditors for the ensuing year will be proposed al the forthcoming annual general
meeting.
Small company provlslons
This report has been prepared in accordance with the provisions applicable lo companies enlilled to the small companies
exemption.
The
sle
and signed on behalf of the board ol trustees by..
annual report was approved on
Prol
WMHay
Trustee

Progress to Change
Company Limited by Guaranteo
Independent Auditor's Report to the Members of Progress to Change (contlnued)
Year ended 31 March 2024
Opinion
We have audited the financial statements of Progress lo Change Ilhe '¢harily'l for the year ended 31 March 2024 which
comprise the statement of financial activities (including income and expenditure accounll, slalemenl of financial position,
slalemenl of cash flows and notes lo the financial stalemenls. including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled
Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalemenls:
give a true and fair view of the slate of the Charity's affairs as al 31 March 2024. and of ils incoming resources and
application of resources, including Its income and expenditure, for the year then ended.,
have been properly prepared in awjrdance with Unked Kingdom Genorally Accepted Accounting PraGtice,' and
have been prepared in accordanee with the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our audit in accordance with InleTnalional Standards on Audlling IUKI {ISAs IUK}l and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilllies for the audit of the financial
slalemenls section of our report. We are indep&ndenl of the charity in accordan￿ with the ethical requirements that are relevant
lo our audlt of the financial slalemenls 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 golng concern
In auditing the financial slalemenls, we have concluded that the Iruslees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that,
individually trr collectively. may cast significant doubl on the charity's ability lo Continue as a going concern for a period of at
least twelve months from when the financial statements are aulhoTised for issue.
Our responsibilities and the Tesponsibililies of the trustees with respect to going concern are described in the relevant sgclions
of this report.
Other informatlon
The other infomalion comprlses the information included in the trustees, annual report. other than the financial stslemenls and
our auditorfs report Ihereon. The Iruslees are responsible for the other information. Our opinion on the financial slalemenls does
not cover the other Information and, except lo the exlenl othetwise explicitly slated in our report. we do not express any fom of
assurance conclusion thereon.
Our responsibility is lo read the other information and, in doing so. consider whether the other information is materially
inconsislenl with the financial statements or our knowledge ob18ined in the course of the audit or olhewise appears to be
materially misstated. If we identify such material inconsistencies or apparent material misslalements, w6 are required lo
determine whether this gives rise lo a material misslalement in the financial slalemenls themselves. If, based on the work we
have perfomed. we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in r&specl of the following mallers in relation to which the Charities (Aceounls and Reports}
Regulations 2008 require us to report to you if. in our opinion:
the information given in the Iruslees, ￿pOrt is inconsislenl in any material respect with the financial stalemenls.. or
sufficlenl accounting records have not been kept,. or
the financial slalemenls are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responslbllities of trustees
As explained more fully in the trustees, responsibilities slalemenl, the trustees {who are 81s0 the directors for the purposes of
company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the trustees detemine is necessary lo enable the preparation of financial slalemenls that
are free from material misslalemenl, whether due lo fraud or error.
In preparing the financial staltsmenls, the trustees are responsible for assessing the charity's ability lo continue as a going
concern, disclosing, as applicable. mallers related to going concern and using the going concern basis of accounting unless the
Iruslees either intend lo liquidate the charity or to cease operations, OT have no realislie allernalive bul lo do so.

Progress to Change
Company Limited by Guarantee
Independent Auditovs Report to the Members of Progress to Change {contlnued)
Year ended 31 March 2024
Auditor's responslbiSities for the audit of the financial statements
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and
relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material
misslalemenl, whether due lo fraud or error, and lo issue an auditorfs report that includes our opinion. Reasonable assurance is
a high level of assurance. bul is not 8 guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a
material misslalemenl when il exists. Misslalemenls can arise from fraud or error and are consid6red material rf. individually or
in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these
rinancial slalemenls.
Irregularities, including Iraud, are instances of non-complian￿ with laws and regulations. We design procedures in line with our
responsibilities, outlined above, lo detect material misslalem8nls in respect ol irregularities, including fraud. The exlenl lo which
our procedures are capable of detecting irregularities. including fraud is detailed below.
Based on our understanding of the charity and the charity sector, we idenlifled that the principal risks of non-complian¢& with
law and r6gulalions related lo the Chari116s Act 2011. and we considered the exlenl lo which non-compliance might have a
material effect on the financial slalemenls. We evaluated management's incentives and tspportunilies lor fraudLilenl
manipulation of the financi81 slalemenls lincluding the risk of override of ¢onlrolsl and the audit procedu￿$ performed included..
dlscussions with management including consideration of known or suspected instances of non.compliance with laws.
regulation and fraud;
challenging assumptions and judgements made by management in their significant accounting estlmales.,
lesling of non-purchase and sales ledger bank transactions,.
testing of journals..
lesling of purchase invoice aulhorisalions.
Because of the inherent limitations of an audit, IheTe is a risk that we will fail lo delecl all irregularities, including those leading lo
a material misslalement in the financi81 slatemenls or non-¢omplian¢e with regulation. This risk increases the more that
compliance with a law or regulation is removed from the events and Iransaclions reflected in the fi'nancial stalemenls, as we will
be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo
fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or MIS￿presentation.
A further description of our responsibilities is available on the FRC'S website at.. www.frc.org.uklaudilorsresponsibililies. This
description forms part of our auditor's report.
Usg of our report
This report is made solely lo the charitable company's trustees, as a body, in accordance with Part 4 of the Charities {Accounls
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charitable ￿MpanY'S
Iruslees those mallers we are required to slate lo them in an auditols report and for no other purpose. To the fullest exlenl
p&rmilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable
company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Gibson 8oolh
Chartered Accounlanls & Stalulory Auditors
New Court
Abbey Road North
Shepley
Huddersfield
HD8 8BJ
JP. 4 4£.
Gibson Booth is eligible lo ael as auditor in lemis of Sedion 1212 of the Companies Act 2006.
10

Progress to Change
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unreslricled
funds
2023
Totsl funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Investment income
250
2,475,434
8,866
250
2,475,434
8,866
175
2,206,984
8,866
Total income
2,484.550
2.484,550
2.216,025
Expendlture
Expenditure on charitable activities
Total expenditure
{2,288,1561
12.288.156)
12.131,6521
12,288,156)
12,288,156)
12,131,652)
Net gainsl{lossesl on investments
11
241,728
241,728
129,4031
Net Income
438,122
438,122
54,970
Other recognised galns and losses
Acluaiial Ilossesllgains on defined benefit pension schemes
Net movement in funds
1810,000)
1810,0001
956,000
{371,8781
1371.878)
1,010,970
Reconciliation of funds
Total funds brought foTward
4,985,782
4,985,782
3,974,812
Total funds carrled forward
4,613,904
4,613.904
4,985.782
The slalemenl of financial activities includes all gains and losses recognised in the year.
All income an(J expenditure derive from continuing activities.
The notes on pages 14 to 24 fomi part of these flnancial statements.
11

Progress to Change
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investments
15
16
1,955,540
2,309,276
1,985,883
2,067,547
4,264,816
4,053.430
Current assets
Debtors
Cash al bank and in hand
17
87,933
414.954
74,232
320,326
502,887
394,558
Credltors: amounts falling due within one year
18
1153,7991
163,2081
331,352
Net current asset5
349,088
Total assets less current Ilabllltles
4,613,904
4,384,782
Net assets excluding defined benefit penslon plan Ilabllity
4,613.904
4.384,782
Defined benefit pension plan liability
Net assets Including deflned beneflt pgnsion plan liability
19
601,000
4,613.904
4.985,782
Funds of the charlty
Unreslricled funds..
Revaluation reserve
Deflned benefit pension resetve
Other unreslricled income ftjnds
1.816,113
1,816,113
601,000
2,568.669
2,797,791
Totsl unrestrlcted funds
4.6fj3,904
4,985,782
Total charity funds
20
4,613,904
4,985.782
These financial slalements have been prepared in accordance with the provisions appSicable to companies subject lo the small
companies, r69ime.
These financial slalemenls were approved by the board 9f InJste8s and authorised for issue on
on behalf of the board by..
and are signed
ProfA WM
Trustee
O-< IL
ay
The notes on pages 14 to 24 fom) part of these flnancial statements.
12

Progress to Change
Company Limited by Guaranteè
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating actlvlties
Net income
438,122
54.970
Adjuslmenls for..
Depreciation of tangible fixed assets
Nel Igainslllosses on investments
Dividends, interest and rents from investments
Other interest receivable and similar inetsme
Interest payable and similar charges
Defined benefit pension plan employer contributions
Accrued exp&nsesllin¢om61
Service cost of defined benefi't pension scheme
40,342
1241,7281
{8,8661
{49,0001
57,906
29,403
18,866}
10,000
1284,0001
11,4131
131,000
1233,0001
23,505
73,000
Changes in..
Trade and other debtors
Trade and other creditors
113.700)
67,085
194,884
138,8231
Cash generated from operations
Net cash from operating aclivilies
95.760
145,061
95,760
145,061
Cash flows from investing activitie5
Dividends, interest and rents from investments
Purchase of langibl& assets
Pufchases of other investments
Pro¢eeds from sale of other investments
8,886
19,9981
8,868
{16.2341
1240,000}
154,000
Nel cash used in investing activities
11,132}
{93,3681
Net increase in cash and cash equlvalents
Cash and cash equivalents at beginning of year
94,628
320,326
51,693
268,633
Cash and ¢ash equlvalents at end of year
414,954
320,326
The notes on pages 14 to 24 fom) part of these flnancial statements.
13

Progress to Change
Company Llmited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General infomiation
The charity is a public benefit entity and a private company limited by guarantee, reglslered in England and Wales and a
registered charity in England and Wales. The address of the registered office is 63 Clarendon Road, Leeds, LS2 9NZ.
statement of compliance
These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland,, the Slalement of Recommended Practice applicable lo charllies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland issued in October 2019 IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006, Charities Act 2011
and UK Generally Accepted Accounting Practice.
Accountlng policies
Basls of preparation
The financial statements have been prepared under the historical cost convention, ex￿p1 for investments which are
included al fair value and the revaluation of certain fixed assets. The financial slalements are rounded lo the nearest £
and prepared in sterling, which is the functional currency of the entity. The significant accounting policies consistently
applied in the preparation of these financial slalemenls are sel out below.
Going concern
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties
related lo events or conditions that may cast significant doubt on the ability of the charity lo Continue as a going concern.
The trustees make this assessment in respect of a period of at least one year from the dale of authorisalion for issue of
the financial slalemenls and have concluded that the charity has adequate resources lo continue in operational existence
for the foreseeable future and there are no material uncertainties about the charity's ability lo continue as a going
cOn￿rn, thus they continue to adopt the going con￿rn basis of accounting in preparing the financial slalemenls.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management lo make judgements, estimates and assumptions that
affed the amounts Teported. These estimates and judgements are ￿ntinuallY reviewed and are based on experience and
other factors. including expectations of future events that are believed lo be reasonable under the cir¢umstances.
Significant judgements
The judgements (apart from those involving es1imalions} that management has made in the process of applying the
enlily's accounting policies and that have the most significant effect on the amounts recognised in the financial
slalemenls are as follows..
Depreciation has not been charged on freehold buildings as it is the charity's policy lo maintain the properties in a
continual stale of sound repair. Due consideration has been given lo any necessary requirement to impair these assets.
Key sources of eslimalion uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will Tarely equal the related
aclual outcome. The key assumptiot)s and other sources of estimation uncertainty that have a sionrficanl risk of causing
material adjuslmenl lo the carrying amounts of assets and liabilities within IhB next financial year are as follows..
Allocation of overheads and support costs by activity
The charity allocates ils expenditure and overheads lo either direct costs or support costs. Costs incurred which are in
line with the charity's objective's are allocated lo direct costs. Costs incurred for the administration of the charity are
allocated lo support costs.
Propety revaluation
The properties within land and buildings are valued under the revaluation model and are held 81 market value. The
valuation is re-assessed annually, and where the trustees judge that the property valuations have not materially changed.
no subsequent revaluation is obtained. The valuation is amended when necessary lo rellecl current estimates.
14

Progress to Change
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnuedj
Year ended 31 March 2024
Accounting pollcies (contlnuedj
Defined benefit pension scheme
The charity has an obligation to pay pension benefits lo certain employees. The cost of these benefits and the present
value of the obligation are determined using actuarial valuations which make assumptions about a number of factors,
including,. life expec18ncy, salary increases, asset valuations and the discount rale on corporate bonds. These factors are
estimated in determining the net penslon obligation in the balance sheet. The assumptions reflect historical experience
and current trends. See note 19 for the disclosures relating lo the defined benefit pension scheme.
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive lo changes in the eslimaled useful economic lThies and
residual values of the assels. The useful economic lives and residual values are re-assessed annually. They are
amended when necessary lo reflect current eslimales. See note 15 for the carrying amount of the tangible assets, and
the tangible fixed assets policy below for the depreciation rates used for each class of assets.
Fund accounting
Unreslricled funds comprise accumulated surpluses and deficits on the general fund and designated funds. They are
available for use al the discretion of the directors in the furtherance of the company's general charitable objectives.
Restricted funds are created when grants and donations are made for a particular purpose. the use of which is restricted
lo that purpose.
Incomlng resourcgs
All income is included in the slalement of financial activities when enlitlemenl has passed lo the Charity, il is probable that
the economic benefits associated with the transaction will flow lo the charity and the amount can b& reliably measured.
The following specific policies are applied lo particular categories of income..
Income from donalitsns is recognised when there is evidence of enlillement lo the gift, receipt is probable and ils amount
can be measured reliably.
Grants are included in the slalement of financial activities on a receivable basis. The balance of income received for
specific purposes, bul not expended during the perlod, is shown in the relevant funds in the balance sheet. Where
incom& is re￿iVed in advance of entillemenl of receipt ils reeognilion is deferred and Included in creditors as deferrèd
income. Where enlillemenl occurs before income is received, the income is accrued.
Ministry of justice grants are recognised in full in the year which they are receivable and any unspent amount is reflected
as a balance in the unreslricled general fund. Capital grants are recognised when receivable and are deferred over the
life of the asset on which they are expended.
Resources expendgd
Allo¢ation of overhead and support Costs
Overhead and support costs have been allocated belween charitable activity and governance based on the lime spent by
employees working in the two areas concerned and the actual cost incurred.
Governance Costs
Governance Costs comprise all costs involving the public accounlabilily of the charity and ils compliance with regulation
and good practice. These costs include costs related lo slalulory audit and legal fees plus an apportionment of wages.
overheads and support costs.
Irrecoverable VAT
All expenditure is slated inclusive of irrecoverable VAT.
Operatlng leases
L6ase payments are recrignised as an expense over the lease lem) on a slraighl-line basls. The aggregate benefit of
lease incenlwes is recognised as a redudion to expense over the lease term. on a slraighl-line basis.
15

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accountlng policies (continued)
Tangible assets
Tangible assets are initially recorded al cost, and subsequently slated al cost less any accumulated depreciation and
impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been recognised as
expenditure within the slalemenl of financial a¢tivilies. A decrease in the carrying amount of an asset as a result of
revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain,
in which case the loss is shown within other re￿gnised oains and losses on the slalemenl of financial acllvilies.
Freehold buildings are not depreciated. 11 is the charity's policy lo maintain the properties in a continual slate of sound
repair. Accordingly, the Iruslees consider that the life of the properties is so long and the residual value, based on pri￿$
prevailing al the lime of acquisition. is so high that any depreciation would be insignificant.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value. over the useful
economic life of that asset as follows..
Fixtures and fittings
Computer equipment
250/0 slraighl line
25 /0 Straight line
Investments
Listed investments are measured al fair value with changes in fair value being recognised in the Slalemenl of Financial
Aclwity.
Financlal Instruments
A financial asset or a financial liability is recognised only when the enlily becomes a party lo the conlraclual provisions of
the instrument. Basic financial instruments are initially recognised al the amount re¢eivable or payable including any
related transaction Costs, unless the arrangement constitutes a financing tr8nsaction, where il is recognised al the
present value of the future payments discounted al a mark61 rale of interest for a similar debt instrument. Current assets
and current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and
not discounted. Where investments in shares or preference shares are publicly traded tsr their fair value can olhewise be
measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income
and expenditure. All other such investments are subsequently measured al Cost less impairment.
Deflngd bènefit plans
The charitable company conlribules lo the Local Govemmenl Pension Scheme I'LGPS'I, a defined benefit pension
scheme. The LGPS is a funded scheme and the assets are held separately from those of the charitable company in
separate Iruslee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on
an 8Ctuarial basis using the projected unil method and discounted al a rale equivalent lo the current rate of return on
high quality corporate bond of equivalent term and currency lo the liabilities. The actuarial valuations arè obtained al least
Iriennially and are updated al each balance sheet dale.
The amounts charged lo operating surplus are the current service costs and gains and losses on selllemenls and
curtailments. They are included as part of staff Costs. Past service costs are recognised immediately in the Slalemenl of
Financial Activities if the benefits have vested. If the benefits have not vested immediately. the costs are recognised over
the period until vesting occurs.
The interest cost and the expected return on assets aTe shown as a nel amount as other finance costs or income. Nel
pension finance costs are allocated to appropriate resources expended categories in the slalemenl of financial aolivilies.
Net pension finance income is recognised as an incoming resource in the Statement of Financial ActiV￿leS.
Actuarial gains and losses are recognised immediately as other recognised gains and losses in the Statement of
Financial Aclivilies.
Company Ilmlted by guarantee
The charitable Company has nine members. If the charity is dissolved, each member promises to remain a member or
within twelve months afterwards. to pay up to £10 towards the cost of dissolution and the liabilities of the charity while the
contributor was a member.

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Donations and legacies
Unreslricled
Funds
Total Funds
2024
Unreslricled
Funds
Total Funds
2023
Donations
250
250
175
175
Charltable actlvitles
Unreslricled
Funds
Total Funds
2024
Unreslricled
Funds
Total Fund5
2023
Ministry of Justice grants
Income from residents
Other income
2,375.235
50,934
49,265
2,375,235
50,934
49,265
2,157,344
49,392
248
2,157.344
49,392
248
2,475,434
2,475.434
2,206,984
2,206,984
Investment Income
Unrestricted
Funds
Total Funds
2024
Unrestricted
Funds
Total Funds
2023
Investment income
8.866
8,866
8.866
8,866
Expenditure on charltable activltles by fund type
Unrestricted
Fund5
Total Funds
2024
Unrestricted
Funds
Total Funds
2023
Staff costs
Premises costs
Supplies and Services costs
Establishment costs
Grants payable
Finance costs
Support costs
1,704,094
300,888
97,096
173.272
1,500
1.704,094
300,888
97,096
173,272
1,500
1,561,377
276,843
106,231
166,159
1,561,377
276,843
106,231
166,159
10,000
11,042
10,000
11,042
11,306
11,306
2,288.156
2,288,156
2,131.652
2.131,652
Expendlture on charltablg activities by activity type
Activities
undertaken
directly
Support costs Total funds 2024 Total fund 2023
Staff costs
Premises costs
Supplies and servi￿$ costs
Eslablishmenl costs
Grants payable
Finance costs
Governance costs
1,704,094
300.888
97,096
173,272
1,500
1,704,094
300,888
97,096
173,272
1,500
1.561,377
276,843
106.231
166.159
10,000
11,042
11,306
11,306
2.276,850
11.306
2,288,156
2.131.652
17

Progress to Change
Company Limlted by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Analysls ofsupport costs
Governance
costs
Total 2024
Total 2023
Staff costs
11,308
11.308
11,042
Net galnslllossesl on Investments
Unreslricled
Funds
Total Funds
2024
Unreslricled
Funds
Total Funds
2023
Nel gainslllossesl on investments
241,728
241,728
129,4031
{29,4031
12.
Net income
Nel income is slated after chargingllcredilingl..
2024
2023
Depreciation of tangible fixed assets
Fees payable for the audit of the financial slalemenls
40,342
5,300
57,906
4,500
13. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2024
2023
Wages and salaries
Social socurily costs
Employer contributions lo pension plans
Other employee benefiis
1,453.125
127,666
60,609
74,000
1,285,834
105,931
49,654
131,000
1.715,400
1,572.419
The average head count of employees during the year was 86 {2023'. 861. The average number of full-lime equivalent
employees during the year is analysed as follows..
2024
2023
No.
No.
Cardigan House approved premises
Ripon House approved premises
Secretary
22
18
21
16
39
38
The number of employees whose remuneration for the year fell within the following bands, were..
2024
No.
2023
No.
£80,000 10 £69.999
The key management personnel of the charity comprise the trustees logether with the individuals listed on page 1. The
lolal employee benefits of th& key management personnel were £340.72812023.' £316,316).
14. Trustee remuneration and expenses
No trustees received any remuneralion12023.' none).
The amount paid lo Iruslees in respect of Iravelling costs was £122 {2023.. £1401. This was in respect of one Iruslee
12023.. three}-
18

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. Tanglble fixed assets
Land and
buildings
Fixtures and
fillings
Computer
equipment
Total
Cost
Al 1 April 2023
Additions
Disposals
1,900.000
497,121
9,998
18,7841
21,750
2,418,871
9,998
110,040}
(1,2561
20,494
At 31 March 2024
1,900,000
498.335
2,418,829
Depreciatlon
Al 1 April 2023
Charge for the year
Disposals
419,876
37,319
18,7841
448,411
13,112
3,023
11,2571
14,878
432,988
40,342
{10,0411
At 31 March 2024
463,289
Carrying amount
At 31 March 2024
1,900,000
49.924
5,616
1,955,540
Al 31 March 2023
1,900,000
77,245
8,638
1,985,883
All fixed assets are used for direct oharilable purposes, namely that of approved premises. Land and buildings were
revalued on 13 February 2023 on an existing use basis by Sanderson Weatherall, Chartered SurveyoTS and valuers. The
trustees do not consider there to have been any material change in value al 31 March 2024 and therefore the valuation
has not been updated.
The historic cost of the land and buildings is £83,88712023.. £83.8871.
16.
Investments
Listed
investments
Cost or valuation
Al fj April 2023
Other movements
2,067,547
241,729
At 31 March 2024
2,309,276
Impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
2,309,276
Al 31 March 2023
2.067,547
All investments shown above are held at valuation.
Flnancial assets held at falr value
Investments of £2,309,27612023-. £2,067,547) represent UK quoted investrnenls held in Central Board of Finance ol the
Church of England.
The historic Cost of inveslmenls is £1,042,879 {2023.' £1,042,879).
19

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
17.
Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
735
80,813
6,385
108
71,863
2.261
87,933
74,232
18.
Credltors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Other creditors
3,832
71,670
78,297
12.079
48.165
2,962
153,799
63,206
19. Penslons and other post retirement benefits
Deflned contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £130,609
12023: £49,654).
Defined benefit plans
The disclosures below relate to the funded liabilities within the Wesl Yorkshire Pension Fund I'the Fund") which is part of
the Local Government Pension Sch6me I'LGPS"). The funded nature of the LGPS requires the charitable company and
ils employ&es lo pay contributions into the Fund. calculated at a level intended lo balance the pensions liabilities with
investment assets.
The employer's regular contributions to the Fund for the year endlng 31 March 2025 are estimated tts be £242,000.
Additional contributions may also become due in respect of any employer discretions to enhance member benefits in the
Fund over the next accounting period.
The scheme was cltssed to new members with effect from 30 September 2014.
The latest actuarial valuation of the charitable company's liabilities look place as al 31 March 2022. Liabilities have been
estimated by the independent qualified actuary on an actuarial basis using the projected unil credit method. The principal
assumptions used by the actuary in updating the lalesl valuation of the Fund for FRS 102 purposes were..
20

Progress to Change
Company Limited by Guarantee
Notes to the Flnancial Statements (continued)
Year ended 31 March 2024
19. Pensions and other post retlrement bengfits (contlnuedj
Principal Actuarlal Assumptions
Rlpon Housè
2024
4.8Q
2.6%
2.6%
2.6%
3.850
2023
2022
Discount rale
CPI inflalitsn
Rate of increase lo pensions in payment
Rate of increase lo deferred pensions
Rate L)f general increase in salaries
3.0'/0
3.OQ/o
3.OQ/o
4.250
2.70/0
3.950
Cardlgan House
2024
4.89
2.6%
2.6Q
2.6%
3.850
2023
4.79
2.7Q/o
2.70/0
2.70
3.95%
2022
2.7%
Discount rate
CPI inflation
Rate of increase lo pensions in payment
Rale of increas6 lo deferred pensions
Rale of general increase in salaries
3.10
4.35'10
All other assumptions below are the same for Ripon House and Cardigan House.
The mortality assumptions are based on the recent actual Tnortalily experienee of members within the Fund and allow for
expected future mortality improvements. The assumed lire expectations on retirement age 65 are..
2024
2023
2022
Retiring today..
Males
Females
21
24
22
25
22
25
Retiring in twenty years..
Males
Females
22
25
23
26
23
26
The approximate split of assets for the Fund as a whole (based on data supplied by the Fund Administering Authorilyl is
shown in the table below.
2024
79.4¥0
2.8V
8.50/0
4.20
1.8'/0
2023
80.80A
3.30/0
6.90
2022
79.80
4.OQ/o
7.40/0
Equities
Property
Government bonds
Corporate bonds
Cash
Other
2.1V/o
1.1Q
Total
100.0%
100.0%
The adual return on the scheme assets was £346,000 {2023'. £52,01)0).
Sensitivity analysis on defined benefit oblig81ions are=
2024
2023
2022
Discount rale + 0.1./
Discount rate- 0.1 Q/0
Mortality assumption + 1 year increase
Mortality assumption - 1 year decrease
Salary rate + 0.1 %
Salary rale - 0.1 %
3,959,000
4,08fj.000
3.919.000
4,125,000
4,026,000
4,014,000
4,051.000
4,177,000
4,007,000
4,221,000
4.121,000
4,107.000
5,279,000
5,482.000
5,190,000
5.566,000
5,389,000
5,367,000
21

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 March 2024
Pensions and other post retlrement beneflts (continued)
The statement of financial position nel defined benefit asset is delemin8d as follows..
2024
2023
Present value of defined benefit obligations
Fair value of plan assèts
14,020,000)
5,525,000
14.114,0001
5,086,000
1,505.000
11,505,000)
972,000
1371.000)
Asset restriction
601,000
In accordance with paragraph 28.22 of FRS 102, the surplus has been restricted to the amount that can be recovered
through redueed contributions in the future.
Changes in the present value of the defined benefit obligations are as follows-.
2024
At 1 April 2023
Current service cost
Past service credit
Interest expense
Benefits paid
Contributions by plan participants
Remeasur6menls'.
Actuarial gains and losses
4,114,000
74,000
{1,0001
190,000
{165,0001
25,000
1217,000)
4,020.000
At 31 March 2024
Changes in the fair value of plan assets are as follows..
2024
At 1 April 2023
Interest income
Benefits paid
Conlribijlions by employer
ConlTibulions by plan participants
Remeasuremenls..
Actuarial gains and losses
5.086,000
239,000
{165,0001
233.000
25,000
107,000
At 31 March 2024
5,525.000
The lolal costs ftsr the year in relation lo defined benefit plans are as follows:
2024
2023
Recognised in income of expenditure:
Current Servi￿ cost
Past Servi￿ credit
Nel interest income
74,000
11,0001
(49,0001
24,000
131,000
10,000
141,000
Recognised in other recognised gains and losses..
Asset reslriclion
Remeasuremenl of the liability..
Actuarial gains and losses
11,134,000)
1371,0001
324,000
1,327,000
1810,0001
956,000
22

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements {contlnued)
Year ended 31 March 2024
20, Analysls of ¢harilable funds
Unrestrlcted funds
Gains and
losses Al 31 Mar 2024
At l Apr 2023
Income
Expenditure
Transfers
Unrestricted Funds
Revaluation reserve
Pension
1.804,669
1,816,113
601,000
2,484.550
12,497.156}
1806,0001
241,728
1,227,791
1,816,113
209.000
{810.000}
Designated funds
Cessation fund
Redundancy fund
Building fund
Pension fund
90,000
124,000
220,000
330,000
60,000
86,000
430.000
230,000
150,000
210,000
650.000
560,000
4.985.782
2,484.550
12,358.156}
1498,2721
4,613,904
Gains and
losses Al 31 Mar 2023
Al 1 Apr 2022
Income
Expendilure
Transfers
Unreslricled Funds
Revaluation reserve
Pension
1.892,699
1.816,113
1498,0001
2,216,025
12.274,652)
(29,4031
1,804,669
1,816,113
601,000
143,000
956,000
Deslgnated funds
Cessation fund
Redundancy fund
Building fund
Pension fund
90,000
124,000
220,000
330.000
90,000
124,000
220,000
330,000
3.974,812
2,216,025
12,131.6521
926,597
4,985,782
The description of the designated funds are as follows..
Cessation fund The anticipated costs that are likely lo be incurred in the event of cessation of the MOJ contract which
runs until 31 March 2026.
Redundancy fund - The calculated redundancy for all employees.
Building fund - The estimate for potential major works lo Ripon House and Cardigan House.
Pension fund The annual lump sum pension contributions for the next 3 years arising out of the 2019 Triennial Review
of the charity's funds within the Wesl Yorkshire Pension Fund.
23

Progress to Change
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysis of net assets between funds
Unrestricted
Funds
Total Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
1,955,539
2,309,276
502,887
1153,7981
1.955.539
2.309,276
502,887
1153,7981
Net assets
4,613,904
4,813.904
Unrestricted
Funds
Total Funds
2023
Tangible f xed assets
Investments
Current assets
Creditors less than 1 year
Delined benefit pension
1,985,883
2.067,547
394.558
163,2061
601,000
1,985,883
2,067,547
394.S58
163,2061
601,000
Net asset5
4.985,782
4,985,782
22. Analysis of changes In net debt
Al 1 Apr 2023
Cash flows
At 31 Mar 2024
Cash al bank and in hand
320,326
94,628
414,954
23.
Operatlng lease commltments
The total future minimum lease payments under non-cancellable operating leases are as follows".
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
3.214
5.573
2,786
3,214
8,359
24.
Related parties
No related party transactions took place in the period of account, other than certain trustees. remuneration and expenses
already disclosed in note 14.
24