2023-03-31-accounts

Comtsany Number: 03638571 Charity Number: 1078945 PRAXIS COMMUNITY PROJECTS TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 11111 •AC￿A£M6• 10f2￿23 CC*APANIES H￿SE 24

49

PRAXIS COMMUNITY PROJECTS TRUSTEES. ANNUAL REPORT For the year ended 31 Marth 2023 The Trustees present their report and finanual statements of Praxis Community Projects ("Praxis") for the year ended 31 Marth 2023. REFERENCE & ADMINISTRATIVE DETAILS Trustees servlng durlng the year: The Trustees of the Charty. who are also the Directors of the Company. who have held office sbnce 1 April 2022 are as follows.. Dr Debbie Weekes-Bemard Pasha Michaelsen Constance Cull8n Raphael Perret Tom Brand Martin Cosarinsky Carnpos Ruby Giblin Dylan Matthews Kemi Ogunlana Jumana Rahman Satbir Singh Rulh Stuart (Gh8irJ Chair) (retired 25 March 2023) Chair) (since 25 Mar¢h 2023) asurerj (retired 12 November 2022) (appthnted 10 D•cemb•r 2022) (app￿nted 3 Apnl 2023) Chief Executiv•: Sally Daghlian OBE Prlnclpal Offlce: Pott Street, London, E2 OEF Charfty Number. 3638571 Company Number: 03638571 Auditors: Goldwins. 75 Maygrove Road. West Hampstead. London, NW6 2EG Bankers: HSBC plc, 465 Bethnal Green Road. London. E2 9QW Pa8e 2

PRAXIS COMMUNITY PROJEcrs TRUSTEES. ANNUAL REPORT Fof the year ended 31 Ma￿h 2023 OUR CHARITABLE OBJECTS. VISION. MISSION AND STRATEGIC OBJECTIVES Praxis. charitable objects are to: la) advance the education and relieve the povety, sickness and dislress of members of the publi¢. particularly refugees. mtgrants and asylum seekers {the ben￿laS class) in partipjlar but exclusively by.. the prowsion of counselling. transl8bng antj inlerpreliNJ sern1￿$ regarding matters of importance lo the beneficiaries of the charyty. induding the matter of detention and related issues., the provision of advice regarding finanual rnatte￿. wetlare beneffits. housing. health. education. training and employment., the provtsion of English for Speakets of Other Languages IESOL) dasses and vOCat￿n81 training; and Ihe carrying out of r¢sear¢h lo assess the needs of the ben8ffi¢ial class. 2) 3) (4) Ib) pryjvide fa¢ilibes for recreation or olher leisure time occupation with the obiect of improving the condition5 of lrfe of those members of the beneficial class who have need of su¢h fa￿litieS by reason of their youth. age, infimity or disablement, poverty or so¢pl and ￿r￿mStanCeS. Ic) advance the educath)n of the public, in particular the beneficial class. of different cuttures of the beneficial class through. but not exclusively. the Provi￿on of art and drama workshops and other similar cultural and educational adivilies. {dl promote racial ham￿nY by undertaking thshops which help people underslarrtl the causes and effects of racist atbtudes and how indNiduals may le81n to live V•ith and overcome them. Praxl$' vl$lon People who have migrated lo the UK will not be mwginaised or rnistreated because of their immigration 5talu5. They wll live safety, f￿e from povety, discriminatsoft. and exdusion. be treated with eornyassion and respect Praxl$' mlsslon Our missron is to create positive change for and with indivmluas and communities who are marginalised because of their immigration stslus. We deliver our mission by vKKking on three levels: Dellv•rfng dlr•¢t wrvl¢¢s: ￿￿￿Iding specialist legal advice army holistic weltarg support to hglp pgople to livo securety and safety. Bullding the capacty of other services aeross th• UK.. usirvj ow expertise lo provide inovalive solutions and sharing our knowledge through training arKI partnership working. campaigning for systefflic chang•: buildiry alliances arKI working in partnershrp wth experts by experience to create positive, Eong4erm thanges to the policy and praclice that cause exclusion and dgstitution. Our threct are paTrLoTrJon. bul we Share our expertkse influence nationalty aTrJ intemalionalty. The four strate9ic objectives set out Sn our 20214026 strateglc plan, and iternised below. bulld on the charitable objects and s•t th• framework for our activities in the curr•nt social. economic and politocal Gont•xL Objectiv•1 People navigating the immiqralion system or subject to immyration controls have access to the support they noed to live safely and escape poverty. To achieve this Praxis wll increase accessto SUPF%Xt bydeliverirrfj tronuine serbryces which provide the legal adY￿e, and holistic support and guidance people need to leave cri515 and begin to live in safety. We 4wll work in partnetships Page 3

PRAXIS COMMLINITY PROJECTS TRUSTEES. ANNUAL REPORT For the year ended 31 March 2023 to inuease access to support for those rnost n need. and champion user-led work to build community and strongthen liv8d 8xperience voices. ObJ•etlv• 2 S&lulory and voluntary service providers affj betterableto idenbfyand addross needs ofpeople who have MI￿ated or have family migration histories. To achieva this Praxis wll expand our tralning and capauty building programme. supporting good practbce. and enabling others to ￿Spond positively to the nwls of wple who have migrated. ObJe¢tfve3 Positive Changes in national policy and practice we secured thrwgh put￿lC caffyignin9. influencing, advo¢acy and slratsgic liligat￿n. To achleve this Praxis will advocate with and on behalf cl p8ople who have migrated, Creat￿￿j systomic improvements. and acting as a catalyst for long term change. ObJectlve4 Praxis will be a resilient. agile. rKganisation that can respml effectively to c41anging needs and umstsnces. To achieve this Praxis will build on th? leaming from CovKI-19 to ensure thal we remain an organisation ￿l¢b can flex and adapt quickty while ￿ntinUIng to meet lh8 needs of the $8rvi¢e users and Staff. ACHIEVEMENTS AND PERFORMANCE Wilh the ￿valUable support of fL￿derS and parlners and united *ryth migrants. refugees. and a growing number of supporters. Praxis met its organisabonal goals this year against what has become a pattem of persistent and escalating hoslilty and d1￿mInatiOn wilhin Ihe immigrat•)n system in the UK. Thi8 financial year contsnued the trend of fast paced. financial and soU(Fe￿n0m1c change and shocks. As with the Covid pandemic, the challenges of the war in Ukraine. the energy crisis and rapidly accelerating inftation which led to a Cost-ofliving emergency disproportionalety affected wnmunitie$ and individuals who have migrated lo Ihe UK. We continued to thallenge the exdusion from mainstream supwt that many migrants and refugees experience,. being denied secure S￿￿J5, and al the mercy of a cornplex and dysfrjnclional. administrative and legislative system. We cenlrfjd the ￿M¢e$ of people who have lived experience of the IMM￿jralI0n system Ihroughout our work. We continued to Pursue our values and the prnrities set out in our Anli-racist fr￿rk to mitigate the discrimination inherent in our immigration system and wder soc4ety. This year has been another year marked by Sh￿ and significaTrt political and economic changes. To respond lo changiThJ orcumstances and needs wa have drawn on the insights from our direct services lo infomi how we respond. That meant that we continued to promote and provide access to legal advice, we supported cross sector responses lo migrant homelessne55, and we centred INed experience in our advocacy and campaigning work. The exlemally driven ob5ts¢les have been Challenging for us as an organisation: but for the thousands stuck in a quagmire of exclusion and hardship generated by the syslemiclailure of the immigration system il can ￿$trict every asped of their lives. The challenge of finding pathways out of extreme financial hardship and insecurity places a heavy loll on the individuals and families we support. thre than 50% of the people we supported staled that Ihey were worried about feeding their chiklren in a $urv9y undertaken during ts year. Wo redoubled efforts lo find Workable solLrtions to prevent uisis for indiwduals and farnilw4s and we increased our efforts to inlluence systemi change. to solve the root causes of discrimination and marginalisation of refugees and myrants. The following s•ction detsi15 th• organlsation's actlvlkn and impact in 2022-2023. Page 4

PRAXIS COMMUNITY PROJEcrs TRUSTEES. ANNUAL REPORT For the year ended 31 March 2023 Objectiv• 1: People navlgatlng the Immigration system or sublect to Immigrallon Controls have acce55 to Ihe support they need to live safely and escape poverty. he help we have rn¢oNed has opened dcys forus". Nrta, We conlinued our pan-LorKlon frontline seThice helps Tefugees and migrants to leave ¢risis and find long term pathways lo salety through our persciunlred advice and support. Thi8 included helping people to understsnd their rfghls and entitlements, to make infomd cholces and 10 8dvocale for themselves. During the year our specialist athice servi￿. ddlvered by 20 Offt? of Immigration Servtces CommisS￿ner (OISCI accredited caseworkers, support•d 2.171 people wlth exirt advleè and easèwork support on immigration issues and provided additional infomiation on welfare. housing. education and family matters according to individual needs. Although the seTvi¢e is primarity focused on L¢)ndon. the ¢hallenges people fa¢e accessing specialist, free immigration adwce meant that people contacted the Serv￿ seeking Support from m￿e than 67 dlffernnl geographic locations in the UK from Tower Hamlets to Tyne and Wear. 800 people we supported had their applicalion lo the HINne oifKe granted during the year (the time frame frjr decisions does not align with submiSs￿nS and lengthy prctessing delays affect when dectsions are received). Applications submitted included a wide range of categorie5. The most prevalenl ¢alegories of applications submitted included the following: a high proportion of the applirAtions were for 'leave lo remain., 'extensions to leave lo remain, and 'indefinite leave lo remain.. Olhei high-volume aPpI￿￿On5 relaled to the European Union Setuemenl Scheme 'pre-settled' and 'setlled' slatus. and we successfulty supported applications for cbtizenship andlor nalurali5ation. Fees 8ssouated th Msa ap￿icationS pose a sHJnificanl financial challeThJe for pewe on or no income $eeklng lo extend visas and seujre their 5tstus in the UK. The help we provide accessing fee support assisted many who were previ¢)usly unaware of the possibilty of receiving asststance WTth fees. This was especialty helpful for families whose total fee bill can reach five figures. This year a totsl £591.194 in finanelal support was won or ac¢es$ed for people in urgent need. Capacty lo respond lo the vast and growng unmet r￿d forweifare support contsnued lo be a Chalbenge whi¢h our Link Project was set up lo help arneliorate. This year the Link Projecf5 17 volunteers Supported 106 people by providing addib¢)nal wglfare support and signpoth.ng to olher sourtes of help. Praxis. Link Project has also been instrumenlal in increasw¥J the numb8r of traingd and accredited advisors available to provide irnmigration adw¢e in London thre there ts a Tecognised shortage. Supported by Praxis. 12 of the volunteers are undertaking their OISC training. One person seeking support told u5. Praxis first andforem05t was verycompassionale and showedmore care on my firsl day of drop-in. Even I1￿U9h the nonnal amounl of people Ihaf were supposed lo be taken in that moming had already been segn I was still laken of and mad• mo wish lo do whatever I can to support other peO￿e who are going through the same problems-. Groupwork We delIve￿¢j user4ed groups SUFw¢irvJ peoFAe to reduce isolatKffi. I￿￿T0Ve wellbew, build resilience and solidarity. The groups also support peoWe ￿ryth lived experience to share their stories, advocate for change and develop leadership skills. Brlghtsr Futures: young people who speak up for youn9 peopbe who have m*Jrated. and their rwJhts. and use their creativity 8s a tool lo challenge negative percapkns of migration. WINGS: women vtho, with their young children. come logetherto nurture theirwellbeing. t￿lId relationships. discuss issues that affect Ihem and share kn0w1edgelexperien￿. GIANTS: a space where men who are fighb.ng against isolation and p￿r mental health come logeth8r. They use Crealivty lo explore and express feelingslopinions and challenge stereotypes. ' All names have boen changed to protect peoplè's identsbes. Page S

PRAXIS COMMUNITY PROJEcf5 TRUSTEES. ANNUAL REPORT For the year ended 31 March 2023 130 adults and 95 childr•n engaged with th• groupwork a¢tivlties during the year. Thi$ 1$ how th•y told us that th• groups contribut• to Improve thglr Ilv•$: Reduced isolation: .1 am not 8lon8". Yhe grnup is a familf. Improved wellbeing: 'meebrw newpeople and listening to Iheirexpeiience rf give$ you po$iliv• •n•ryy', Strengthened resilience.. "I feel supported and stronprf. Increased seW-¢onfitlence." "I feel morn Gonfidenf. -1 can express myselr. In¢rèased opportunities for Iheir VO￿ to be he8rd: forning to 8righterFutur8s has made mg know Ihat i have a voKe and that my Vol￿ has I)0￿ hearf. 'Afterjoining the gmup, I realisedhow effective Praxis is with eachperson they deal with. Realistsdit's a community 01peo￿¢ th81 have dliferent iSSOTes that are dealt wrth by a fewpeople. I love the support and I could say as mtsch as I fett it was slow at the tginning. realisin9 Ihe weight 8nd magnitude of people that Praxis is taking ol. I think they are doing very well. Would re￿Mmend to anycfft.- Oblectlve 2: Statutory and voluntary service provid•rs aro b•tt•r abl• to Id•ntlfy and address needs of p¢ople who hav• migrated or hav• family migration histori•s. Thos yearwe built on our long-standwbg collatmtNe approathes to addresslng migrant homelessness and the pan- London inilièlives developed during the Covid-19 pandernic to design and delNer innovative partnershlp projects . We began new Partnership projects Crisi5, Refugee and Migrant Forum of Essex and East London (Ramfell and Tower Hamlets Law Centre delNering immbyration advice and creab.ng sustainable pathways out of destitthion. An important comer stone in developing innovative soluticrfls wilh partners r& our second-lier advu service which supports, and provides advu and trainiThJ to. fronuine workw5 to undetstand better the Tights and needs of people that have migrated and how to SUPFM)rt them. Training was delNered to 790 people from 361 oryanisations including homelessnesslrnigrant charitss and stalulory bodies. We receNed excellenl coThrnts including ￿alty us&fiA8ndinforni8tive", 7fv's ￿ul$6 shouldb& 8 must foranyone workAng in homelessness". as increasgdmyawarnness in teffl￿ ofimmigration and l Mllbe able to identify things I can do to help no￿. To Supplement the training courses and offer rngoing a¢cess to practiti￿1$ we provlded advTh through our SLACK channel which has 290 m•rnb•ws. We use our knowl•dg• and experiencè lo bulld capacity and ImprovevAd¢rservlces. In Novemberwe worked with The Pan-London Fronuine delivering a hybrid conference 'Ending Migrant Homelessness for Good,. The ¢onferen¢e was attended by 150 people from a range of central and local govgrnn￿nt departments and charities to consthr the praekn.cal and p(Aicy bk)d(s to ending Migrant homelessness. We received positive feedback from attendees induding H¢)me Office Casework Unil staff. This led lo fijrther engagement after the evenl and a positive response in expediting cases for people expwncirwJ hoMes￿$s. Working with London Councils to feedback on Ihe Home Office ￿spOnse to the Ukraine crisis and issues arising from the drfferent schemes. We supported Newham Counul lo help rt identify areas of need for Ukrainian refugees and ways to address them. As a result of our influencing Newham became the first borough to have all ils GPS register as Safe Surgeries. Thi5 is a scheme initsated by Ooctors of the Wc¥ld where GP practices take step$ to reduce barriers to accessing health care faced by many migrants. In Southwark we brought together organisations workiThJ wrth asylum seekers placed in local hold5. pcM)ling irrfomwtion and experience to better understand their SUP[￿ needs and buihj a shared response ￿thin the borLwgh. We provided individual support and advice to (xganisations to develop theif services lo people facing problems rglated to IMMIgrat￿n status. For example. we suFwrted the tharity AtornatlV9s Trust to increase their understanding of immigration ca5eMJrk and systeff ￿ thè organi&ion went i>n lo become accredited to deliver immigration advice. Page 6

PRAXIS COMMUNITY PROJEcrs TRUSTEES, ANNUAL REPORT For the year ended 31 March 2023 Demand for free irnmigration vasty Outwei￿ supply. induding for peOe who are insecurely housed or homeless. The number of people sleeping rough has grown since the pandemic. The numbers reflect an increase in migrant rough sleepirg, particularty fLY people having to ￿3ve asylum accommodation after gaining refugee status. Despite constructive work wsth the Home Olfice homelessne$$ leam. Ch￿f Casework Unit. Department for Levelling Up. Housing and Communities (DLUHC) aTrJ Greater London Authority IGLA) in addressing migrant rough sleeping, this ￿nn0t miligale the fact that Govemmenl wlicy InC￿asinglY pushes migrants and refugees into homelessness. ObSectlve 3: Positive change5 In natlonal pollcy and practlce are sQ￿red through public ¢ampaigning• Inffluenclng. advocacy and strateglc Iltlgatlon. Securing policy change is a key priority in the face of ￿n￿"ThU1ng and growin9 hostile legislation and policies from central govemmenl that force thousan¢Js of people into crisis. We cs)ntinue(I lo develop our public advocacy and influencing work together with people with lived experience of the immi9rats)n system speaking out for change and campaigning as part of the No Recourse to Public Funds (NRPFI A¢lK)n Group. We maintained our efforts to build support and momentum for change around the NRPF visa contjthon. which prevents people in crisis from accessing a welfare safety net and excludes low paK1 migrant workers from Ir￿V￿rk beneffts. The group membership expanded during the year to over 50 Committed aclivists for change. Our cctrproduced campaigns Contr￿ute￿ to policy charyes. wlmch: Put in place a permanent extension of eligibiltyforfree SCI￿ meal$ to children living in ￿V￿ty. regardFess of their parents. immigration status- and Secured an extension of the 15 hours per week of govemmentrfunded childcart for trwtryear-olds living in poverty to families with NRPF Parfiam•ntsry rnlation$hip.building- we convened a partiarnentary taunch event attended by eighl Labour and SNP MPS in October 2022. to introduce them io our carrpaNJn. This event was c4>hosted by Meg Hillier MP (Lab) and Stuart McO(Mald MP ISNPI and served as a useful for relationshipbuihjing. We continued efforts to build relationships across the parfiamentary spedrum. Public mobilisation". We have invested in exlemal expert support to deveknp a digilal eTrJagement framework to enablo us to build our supporter and caMpa￿n base and increase digital fijndra1sy￿ and messaging. Following this we significantly scaled our digital mobilisation wo￿. We have created new public communicat￿n5 materials for use on S￿la1 media. This has resulted in 8.850 new supporters. ￿ntributed to increasiNJ the numbers of volunteers and when we launched tition in October 2022 calling on the Home Se￿tary lo cap routes lo settkmenl at five years we athieved 13.000 signatures. Over three hundred people I￿k our action to email their MP on Ihe cost-of-lmng crisis and its impact on people exduded from wi(Jer siwxt meclwisms by their visa corKlilions. Building th• •videnc•a5•: in partnership with the Institute for pu￿1¢ Policy Research (IPPR) and the Grealer Manchester Imrni9ration Aid Untt. we published a new report on the impact ofthe 1{￿Year roule lo settlement wh￿h was introduced in immigration rules in Juty 2012. Under these njles, some people who have a claim to remain in the UK on the basi5 of their family or private lrfe. bul do not meet the nomial digibilrty rulès. including minimum income, are required to make repealed. costy and destabilising visa applicati￿5 over a 1(kyear period before Ihey can apply for indefinite leave to remain. Based on the experiences of more than 300 people. Ihis is the frst report that documents the impacts on health and wellbeirKJ of the 1￿year route to setuemenl on a199 scale. We launched this resear¢h wth a webinar on 7 March 2023 attended by stakeholders from avil socioty, academia and media, followed by a pèrtiamentary event on 21 March 2023. hosted by Meg Hillier MP. This is how a person with lived experien￿ of the 11>year route commented on the research: °It ￿ so thorough. and no elemenl of our SUffftnr￿ has been oVertc￿edin Ihat report and Ihe sug96slions th818re made in Ihe report are just what we want.- Page 7

PRAXIS COMMUNITY PROJEcrs TRUSTEES, ANNUAL REPORT For the year ended 31 March 2023 We used evidence from our research lo feed into a Fbuse of Lords Justice and Home Affairs Select Committe Inquiry on family migration in September 2022. The commiliee's ￿re . wblished on 28 February 2023, picked up almost 811 ol the recommendalx￿s made in our submtssK)n. We j(Mned a reference group for a new research proiecl ￿ migrant destsbjtion in Ihe UK which lod by COMPAS at the un￿e￿ty of Oxford. M•dl• outpul We signif1cantly increased our media output this year S￿ring coverage in a variety of outlets during the year. The launch of the r8searth rep￿ resulted in rTW)re than 14 rwlia ouvets involving inl&rviews with people who use our serwces, case studies. interwews and quotes frorn staff. ObJ¢¢tlv• 4: Praxls wlll b• a rnslllen( aglle. ftexlble org•nlsatlon that can r•spond •ff•¢I￿•IY to ¢hanglng needs and elrcumstan¢es. Our work lo secure the irrfrastructure and sustsinabilty of the Charity by building on the investments in key roles and Ihe eslablishrnenl of a new campaigns fvncbon in 2021r22 ￿)ntInued Ihis year. The new strudure of accounts en￿ed improved financial planning and analysis of financial perfomiance and forecasting. This infomied a project supported by an extemal consultant to develop a comprehensive Income GeneTation Plan to steef and support fundraising and in￿rne generation activities for the charity. The Income Generation Flan idenlified ￿ to furlher amplify Praxis. highly impathl and dynamic operatKsnal model. The three-year plan has pfoved highty valuable supwrtirNJ Praxis to weather the th8llenge5 faced p051 pandemic. Including the impacts of the Ukraine war, the dramatic rise in energy cost$ and rapidly rising and persistent inflation resulting in a cosl-of-living crists. The plan helped the charity raise sufficient income to buffer most of the impact of these multsple shocks and income in the year outperformed the targeted amount. However. in the face ofunfO￿$een expenditure linked lo the cosl-of4iving ¢rists indLKling associated increases lo sakiry costs (Praxis salaries are linked to the pubh'c seclor Nalional Joint CwKil scales). overall expenditure also exceeded budget expectstyons. The Charity continued rts investment for resilience and in dwJital transfomation initiated during the Covid-19 pandemic. We Undertc￿￿ a project to syngrgisg public awareness raising and income generation vi8 digital communication. A Digital Engagement Plan was conduded with the help of digital communication speualists. The project included a baseline benchmarking analysis that ts rN)w used to measure and monitor Ihe effectivenes5 of all Praxis, extemal digitsl engagement and to help rneasure and build continual improvement into all digital communication activitses. Early sws of the effecltvene5$ 01 this approach were shown in Ihe Praxis supporter numbers which grew exponentially during the final quarter of the financial year to a new high of over 15.000 and Income generated from public donatw6 up by 44%. The focus on staff wellbeing and health and safety t*Aw¢h ¢ame to the thfront duriNJ the Co¥K￿l9 pandemic Continued lo be a priority. Measure5 to help mit￿ale the impact of Ihe ongoirwj pressures and to support stsff mental health and well-being wero expanded. These Induded reflectrve Practice all frontline colleagues. hybrid and exible working practices to support work Itle balance, access to an Employee Assistance Scheme and 'Tell Jane., a confidenlial disclosure seivice. Access lo a Chaiity Discount scheme to help staff save money on purchases was introduced to help mitigate inflationary pressures. CHARITY STRUCTVRE. GOVERNANCE & MANAGEMENT Statu$ Praxis Communlty Projects is a registered charity and a compary limited by guarantee, not having Share capital. Every member undertakes to ¢ontribute an arYK)unt not exceeding £10 to the assets of the charity in the event ol the charity beirvj wound up during thg pgriod of Merth￿h1p, or wthin ¢)ne year thereafter. The members of tho company comprise indiwduals. WIK) are the trustees of the chartty and the dlrectors of the company. and ￿rtain groups that have a speufic interest in the tharilable acbvities of PraxSs. The current members Page 8

PRAXIS COMMUNITY PROJEcrs TRUSTEE5' ANNUAL REPORT For the year ended 31 March 2023 groups a￿.. Arewa Association. SACC - Salvador Albende Cultural Centre. Vamos Juntos. ￿'a$pOra Support Netsyork and the Uganda Social Justice Arèna. Conslltullon The company was incorporated on 25 Seplernber 1998 and is registered al Companies House under number 03638571. 11 took over the assets. liabFlities and aclivities of The Robert KeM￿e Christian Institute ("RKCI"I from 1 April 1999. It was registered as an irhcorpornted chartty with Ihe Charity commissione￿ under re9istration number 1078945 on 13 January 2000. RKCI was onginally established by a Deed of Dedaiation ofTrust dated 6 June 1983 following Ihe promature death of the Reverend Robert Kemble, a minister of the Uniled Refornied Churth, vho had worked exiensively with displaced people Trn Central London. Initial fvThJing for the Charity carf from a bequest in Reverend Kemble's will. There were no restrictions atta¢h8d to the use of Ihis lega￿. The incorporated charity is now govemed by the rules and regulations set down in its company Memorandum and Articles of Association dated 25 September 1998 and subsequenty amended on 29 November 1999, 13 July 2006 and March 2018 to bring them into line with current legislation and the current context of the charivs work. The Mem¢)randum and Articles ofAssocialion were further amended at the Annual General Meetsng IAGMI in May 2022 to enable trustees to be reapwnted for a lurther short period in exceptional CiTcumstsn¢es when ¢nti¢al for good govemance. Organlsatlonal $lructUrn g0Veman￿ and man•gemenl The overall strategic dire¢tion of the charity Trs deternird by Ihe Irustees who meet formally six lirrns a year for quarterly board meetings. an AGM and a strategy away day. The trustees agree th8 strategic and operational prioriknes and annual budget. They also establish polioes and procedures for th8 running of the charity. There are Iwo sub%roups. the Finance and Rescwjrces Commitlee which meets six times a year and reports to each of the main board meetings, and a Premises Corrffiittee, formed lo assist the organisation lo find new premise5 Iri advance of the end of its lease in 2025. The Finar￿e arKI Resources Committee takes ￿SponsIbl11ty for monitoring and rep￿tIng lo the 8oard on key area5 including financkl planning and management, fvndraising, human resoufces and risk management. From time to time. small 9roups of trustees and staff work together lo consider relevant strategic or operational issues. In October 2022. an HR w0￿1n9 group was established lo consider key issues related to staffing resources and peO￿e culture and a new trustee with expertise in HR was recruited and appointed in March 2023. Constance Cullen was appointed as Vic&Chair and Safeguardiro Trustee in March 2023. taking over frorn Pasha Michaelsen who retired trom Ihe board after serving the maximum period, extended by six month5 on an exceptional basis to support the good govemance of the chanty in a transitional period. In addition lo attending boaTd meetings the board deploy5 the expertise of indrvidual trustee5 as thampK)ns lo support the Chief ExecutNe and senior slaff and provide for more oversiqht for specific activities or i$$ues. for example safeguardiThJ. During 2022. the Trustees reviewed and fcwmalised thg rol￿ of l)oard cha￿￿￿$. The organisation has a Service User Forum designed to engage semce users in the planning and govemance of the organisation and give feedback on services. Kemi Ogunlawa is our Service User Champion Trustee and attends the service user forum, also altended by other trustees induding the Chair. on an adthoc basis. Two service user representatives attend the main t)ard meeting5 to report on their concems and discussions. In 2021 Praxi5 completed a review of govemanee using ihe Govemance Code as a reference point and durin9 the financial year we conllrAd lo undertake devel¢Jpmenl actK>n5 to governance where required. The day-trfrday management of. Piaxis is dele9aled to the Chf Executive and through her to thè senior Man8￿Ment team. The Chief Executive presents an overview report to each board meeting. along wilh reports on seryice delivery, govemance and perfomwnce. The trustees Teceive quarterly financial reports and management accounts, A)cluding cash flows. Page 9

PRAXIS COMMUNifY PROJECTS TRUSTEES. ANNUAL REPORT For the year ended 31 Ma￿h 2023 Molhod of r•cnJilm¢n¢. •ppointm•nL inthctlon and tralning of trustWB R¢¢wltment Trustees are se18Cted based on Crtteria established by the Board. comprising relevant Skills and experience. knovAgdge ofthe areas ofwork in which the charty is engaged. understanding of governance and an understanding of Ihg cornmunities with which the charity works. Trustee5 are normally selected through an open recruitment and search process led by a Iruslee re¢witment panel whth irKludes the chair and chief executive. In some Cases. potential Insstegs aro recommended and Ihen ¢onsidere(I by the recruitment pand which makes recommendations 10 tha board for appointm8nL On an annual bags Irustees considerwhether there aro any skills gaps on tha board and revies Ihe skills necessary to deliver on the strategy. In October 2022 Praxis appointed Satbir Singh as trustee and campaign champion. Sathir brings knovledge of ¢ampaignirrfJ and immigration policy as well as strategic governance skills. In recognibon of the importance of Human Resources and recognising a 9ap in expertise, Iruslees dec4ded to rec¥uit an HR t￿￿tee. beading to the appointment of Ruth Stuart ￿ April 2023. Appolntment Trustees hold offi¢ fora period ofthroe Yea￿ from the dale ol apponlnnt lor $u¢h shorter pernd as the Trustees may agree) and. if qualrfied, are eluqibl¢ for reappointment for further tern￿ of three years. Three terms of three years is the normal maximum bme that any trustee $eNe. On an exceptional basis. for reasons of good govemance only. an extended period may be agreed by the trustees and wll be reported in the annual report.. Induction and trnining New trustees receive fom)al inductKin. Ir￿Uding meetitVJS wrth the Ch￿f Execub"ve and Chair. key documents including the Memorandum and Artides of Association. Ihe strategic plan, and opportunities to meet staff and shadow work. Indiwdual truSt￿S are eligible for govemance related trainirvj ￿Urse$ and are encouraged to attend. The board reviews its (ywn perforrnance. skills and comty)sit40n annualty at Ihe strategi¢ review day. Diversity The board is diverse, in tems of gender, aye, nationality and ethnicty. ar￿ maintaining d]ve￿Ity is a factor in board rewitment. The board comprises 57% women and 43% men. 67% of tTUStees are people of colour with varied backgrounds including Asian Brtbsh, black African and Caribbean. 43% of Iruslees have refugee or migrant backgrounds. and 43Qh have lived experiences of the issues faong marginalised migrants and the communities Praxi5 serves. The age profile is Thixed. wgng frcrfTr 35- 64. There is stsktholder representstiorb on the tr)ard and a Ser¥tce User Champion Trustee helps lo develop Strorwjer 8ng8gemenl of beneficiaries in govemance: Iwo service user repre5entatNes attend board mèetings and ￿port on wider $grvic& user discussions. Trustees are engaged in Ihe putsuance of Praxis. anb"_racisl framework and are committ•d to maintainiNJ and pr￿011n9 prin¢i*s of divergty. indusion and equity in all we do and al all levels of th8 organisatton. Related parties and relat•d party transacllons Robert KeM￿e Trustees Limited hold the head lease on the premises forwhich the lar￿10rd 15 the Thames North TTr￿t, a body Controlled by the United Reforrned Church. Rent of£25.tKKJ is payable annualty in respe¢l ofthe Pott Street premises to the United Reformed Churth. Remuneration policy for k•y mana9em•nt p•rsonn•l Tru51ees are responsible for Setting renwnerathjn leveb the ¢haritYs senior staffr. the Ch￿1 Executive. Head of Operations and Business Develownent. Head ol Fundraising and CommunKa￿nS and Head of Finance and Resources. In setting their remuneration. the tr￿teeS Consider the sklils. experiences and competencies reqUI￿d for the postr, salary levels for comparable roles elsewhere in the sector. the charity's abilty to pay and its track reccKd in attracting and rgtaining committgd and motivated ernployees. Salary leveb ore reviewed wiodically by the trustees usin9 indepondent advice. Page 10

PRAXIS COMMUNITY PROJEcf5 TRU5TEE5' ANNUAL REPORT For the year ended 31 March 2023 Grant rn•king policy Praxis doos not give grants directjy as a mgllw)d of fvrthering its charitstrje oty'eth'ves. The charity applies lor and distributes hardshFp payments according to need an¢J the crit¢ria ol the donors. In this ward, we are parbculady grateful to London Catalyst. In 2022123 Praxis distritrxrted £1,750 in hardship payments. PUBUC BENEFIT The charitable purposes, objecti￿ and activibes, which Praxis undertakes for the public benefrt and achievement in delivering these are sel out in the ￿evant sections ofthis report. The Tntstees ensure that Ihe services delivered by Praxis are not Un￿a$onablY restricted and are relevant lo the needs of our beneficiaries. Ihereby enabling them to settle effe￿￿ety in the LIK and ¢onlribute ￿sItIve￿ to society. The Trustee5 have Compl￿ wth their duty to have due regard lo public benefrt guKlance published by the Chaty Commi5SKJn in delerminiThJ the activrties undertaken by the charity. FUNDRAISING A significant proportion of Praxis, fvnd$ come from charitable trusts and foundations. In recent years we have received a growing number of donations from individual$ and are worknng lo increase wr individual donor base. We are registered wrth tho Fundraising Regulator and abide by their Fundraising Promise and the Code of Fundraising Practice. We comply the General Dala Prolection Regulation which became law in 2018. We do not eonlacl people unknown to us or wthout thwr pemii$sw. We do not use any commercial pa￿ciPat0rS or prolessional fundraisers. We do not use any intrusive or peTSiStent approaches. We have not rffoived any complaints about our furKlraising during the year. RISK & CORPORATE GOVERNANCE MAThERS Praxis trustee board normally meets six times a year. indu(NJ a strategic review day and AGM. We have regular meetings of the Finance and Resources C¢ynmiltee. nomHIty a week to len days prior to every full board meetsng. and tru51ees monitor the financial position. induding cash fflow. arwj reports on risk and income generation at every meeting. During the pandemic all trustee meetings were held over Zo(ym.' these have now revgrted to in-pgrson. with commrttee meetsngs held remotely. Pra￿￿$ ￿ntInueS lo face building relale¢J risks, particularty in relation to potential repair costs arising from working in an old building where we have a hvtrthirds liakn"ITty for ￿paiTr. ￿r current lease ends mi¢2025 and we have assessed ¢)ur fvture building needs given chan9ing wothng pattems and operat￿•￿81 delivery. We have appointed professional consultants to help find a new afft)rdable home for Pr8xis and negotiale on lease mattets. Praxis has Premises Committe8 to consi¢Jer this important issue and trustees have invested in a p￿miseS ￿seNe lo help us with the costs of a fvture move. We are seeking to ￿maIn in east London and a￿ exploring options lo co-locale with other charities. The Robert Kemble Trust Limited continues to hold the lease on the Pott Street premises as Trustee for Praxis. One of the risks facry Praxis. aongsrde many charilies of our size. is ￿￿terni financial su$tainabilty arising in part from the exlemal challenges and multiple crises and shocks arising througl)oul 2022 and 2023. Changes wrought by Covi&19 n Ihe fundraI￿n9 landscape continued as some funders closed programmes and olhers faced InC￿asing demand. Additional challenging headwinds buffeted the economy, Contributing to an ever more competitive funding environmenl. The woth on a three-year Inwme slrntegy which commence(l in 2021 and was completed in the surnmer of 2022 proved to be essential to help us rospond to trofinancial impact ofthe inftalionary pressures in combination with the increased demands for support in 2022123,. tl also helped to build fount1alions to achieve long-term financial stability and resi14ence. The plan aligns Praxis. strategi¢ ambitTron$, impa¢l approach and provides a path 10 Secure the iesources required to realise our $tralegK aims. To develop further integration between fundraising and Communicat￿nS as set out in the income framework, we invested in a D￿lta1 Engagement Projecl in the autumn of 2022. This project induded the producbon of a Digital Er¥Jagement Framework model and Implement8lKin ￿an. The plan Set out a path to ￿MId increased SUPFQrter ervJapment and increased incomo from Page 11

PRAXIS COMMUNITY PROJEcf5 TRUSTEES, ANNUAL REPORT Fty the year ended 31 March 2023 public donations. As part of the income generation strategy. we plan to invest in hig￿t4¥0rth dor￿ fundraising in the future. FINANCIAL REVIEW Praxis. total income in 2022-23 was £2.327.218, ￿ increase of £238.472 {11%1 on 2021-2212022.. £2.088.7461. Total oxpendilure amounted lo £2.510.740. an increase of £282.934113%) on 2021-22 (2022.. £2.228.2471 in line with planned investment and agreed expenditure on re$lrKled funds cèrried forward. Overall, at ye¥ end Ihe Charity Saw a net draw d¢Y￿ on general reseNes of£150.00016% ofannual lumover and 25Yo of the reserves totall. At 31 March 2023, reserves slocJ at £451.403 {2022'. £601.5151. whi¢h is 67V• of the target level for 2023124. In additson, tr Charty holds £143.381 in two deS￿nated fvnds to support costs associated with a future mve to new premises and for busi￿$$ development. Irworaling the unrestricted designated lunds within the r￿se￿eS gNes an overall ￿￿St[￿lad reseN8s fwre of£594.784. 7thid) 88% oftr targetlovel. In April 2022, the 808rd of Trustees s￿r￿d off a budget which had a £160.0￿3 unrestricted fiJnds deficit. Having considered the rotwsl reserves posib.on of the Charty. the Board supported drawing down on the charity reserves lo continue making a set of critical investsments the Charity hail commenced in 2021122 ¢Jedicated lo build organisatKJnal infrastructure to facilitate long term sustsinablty and preparethess n the face of a challenging extemal environment. During 2022-23, the Charity chose to invest in.. Fundraising capaLaty to secure long tem financial sustainability and the development of8n income strategy to facililate In￿Me generati￿ lo achieve the strategic plan for 2021-26. 2. Continued development of ffinance and resources. analytical ftjnctions lo Secu￿ the f(NJrlh obleclive of our 2021-26 Strategic Plan li.e. lO￿te￿n stability and risk management)- and. 3. New campaign5 and advocacy capability necessary to delNer the third obpctive of our Strategy- Positive ¢hanges in nalional policy ￿1 &YactKe. Voluntary sedor organisations and fvnders were pTrparing for continuance of financial headwind5 In the years ahead. and Praxis, board took the decisin to continue to maintsin strong foundations and bJild capacity to secure long term incLJme streams required to suslain organisational impact and stsbility. The Trustges are salisfied that their decision to invest in longer-tefm sustainability was a good one.. the fundraising outlook for 2023-24 is strong and the campaigns and adV￿¢y strarKI of Praxis. 2021-26 strategy is startiry to have signifKant Su￿Ss, as oulline(l eadier wi this rerth. The Board of Trustees arg focused on ensuring that 202>24 breaks even, and ideally begins lo deliver a surplus lo start restoring reserves to target. Great ¢are was taken to adjust spending plans so that a balanced budget could be signed off al the start of the new year. and thus far. despite the Competitive fvndlng envir(ynm8nt. the signs are encouraging that we bvill manage to deliver a small surplu5. This year is the firsl we have reorgantsed our Structu￿ of accounts to ￿fleet the 2021-26 strategy. and this is reflected on the lace of the Slatement of Finawal Adivityes. We have diwded our ¢harilable activities into three areas consistent with our strategy- Access to Support. Training & Capacity Building and Campaigns & Advocacy. Itls hoped that this structure amls the reader of the accounts to relate the finanLyal information beknv to the narratwe reporting on activities atrA)ve. We are very gratefil for all the SUP￿ we receive. both financ4al and non-finan¢ial. We WOLld like to thank the following supportars as well as those wsh to remain anonymcw: A8 CharIta￿e Trust. Alen and Overy. 88C Chiklren in Need. Clarion Futures. Justice T(¥ether Iniliative,. Souter Charitable Trust. London Legal Support Trusl. Milton Damerel Trust. ihe Fre￿ Huguenot Society, Garfield and Weston Charitable Trust, Greater London Aulhority. The Oak Foundalion, Paul Hamlyn Foundation. The Arpaé & Alena Rosner Foundation, The Aurum CharTtable Trust. The Henry Smith Charity. The National Lottory Community Fund, The Charity ol Sir R￿hard Whitbngton. The Souter Charitable Tntsl. Tn￿1 for London. 29" May 1961 CT, Page 12

PRAXIS COMMUNITY PROJECT5 TRVSTEE5' ANNUAL REPORT For the year ended 31 Ma￿h 2023 The Melropolilan Migration Foundalion, G￿ater l￿dOn Atrthm. London Counals. Refugee Action. St Mungo's. st Martin's in the Fields Front Line N8fv4ofk. LB Hackney. LB Tower Hamlets. LB of Newham. Shelter. Sl Mungo's. Edm99 Leperque and James an¢J Katarina RrJAands. We would also like to thank the organisalions. I￿al aull￿TIlle$. charities arnl compani8s who collaborated th u5.. Allgn and Ov Crisi5 Babel's Blessing Greater Manchestgr Imm3ration Aid Unit Homeless link Hackney Mtgranl's Cent Insts'lute for Public Policy Research IIPPRI Joint Council for the Welfare of Immiqrants {JCY￿) Kazzum Arts embers of Praxis groups Members of NRPF Action Group LB Hackney LB Cty London LB Newham L8 Tower Hamlets Pathways Praxis servi￿ User Forum MembeT5 Praxi5 Service User Representalives Praxis Volunteers Public Interest Law Cenlre Refvgee Action Refugeè Kitchen Shelter Sl Martin-in-thfrfield$- Charity Sl Mungo's Unked Refom) Church Re$ervès Polity The Poli¢y is to maintain sufficienl oserves to enable operntYwJ acbvthes tr) CJntinue over a reasonable period should a shortfall in income o¢¢ur and to take account of polenlial risks and contingencie$ that may wiso, induding tha costs of closure. Thw in¢ludgd the followiry elemènts." Projects which Praxis 1$ oblvJed lo deliver. but there there is some risk of fvnding Th)t covering the full cost of d8livery. Financial capacity to enable Praxis to manage staff levels in acC￿d*￿e ￿th its Fdicies an(1 legal obligation5. The working capital needed to operate. Some capa¢ity to manage opera￿nal expenditure al a time of unforeseen uncertainty in Income streams, A ggngral margin for unexpected events. The level of rese￿e$ requffed to mIt￿ale these risks has been assessed for the current year and nrJ4V Stand$ al £673.274 {2022.' £655.3951, which is equivalent lo 3.07 monlhs. runnin9 costs in 2023-24. As noted above, the actual general rgsoNes as al 31 March 2023 sl¢y)d at £594,784 equal lo 2.71 monlhs. running costs, 88% of the target level. The reasons for utilising a pOrt￿n of the 98neral reseNes in 2022-23 have been described above in the finanual review. Steps have been taken to pare down opgrational expenditure lo ensure Ihal there is not an ong)ing structural defici( and trustee5 are confident Ihal the financial outlook for 2023-24 is sustainable. P88e 13

PRAXIS COMMUNITY PROJECTS TRUSTEES. ANNUAL REPORT Fw the year ended 31 March 2023 During the year. £22,000 of designaled funds We￿ spent, primarily from the business development reserve. This pol, which was earmarkèd to support the future grchth and deveknpment of the charity. was nearly spent down. with 8 b81ance ofiust over £6,000 as at 31 March 2023. Thgra is a muth larger des19nated property reserve which 9￿$ts to support th8 organisation in costs associated with the search for new promises and the end of the eurrenl lease agreement. which will end in 2025. A modesl £3.000 was spent frcrfn this during 2022-23. leaving balance of £137,000 al year end. The Tnjslees remain of th¢ view Ihat this is a pn￿er11 and necessary provision which will be needed in the next 24 months. Cash balan￿ as at 31 March 2023 repr￿n1￿ ￿Und 2.26 months. spend. and a 24-month cash llow forecast indicates that cash levels remain healthy for the foreseeable fvture. Trustees a￿ satisfied that the Charity continues lo operate as a going concem. PLANS FOR FUTURE PERIODS Praxis is wtyking in a fast<hangry pdilical. social and eCon￿C ¢limat8 with a sustained hoslibe policy framework and stroThJ anli-migranl rhetoric frorn the Govemment and sections of the media. The Nationality and Borders Act 2022 and the Illegal Migration Bill going through parfiament in 2023 will See an overwhelming increase in peop struggling with documentation and unable lo meet their basic needs and a￿$$ vital sefvi￿S. Refugees who arrive by'irregularf means las all refvgees a￿ for￿1 lo do) wll no longer be admitted lo the asylum system and will enler 8 limbo wodd wilh¢xJt rights antl enliyements and unable lo vAyk lawfulty., they will face homelessness, ill health, criminalisation and exploitstion. In this I￿h( trustges rgview8d $tratggic diroction. fo1￿1ng the wnplementation of our new strategy in 2021, and agTeed to maintain our approach to direCtservi￿ and cLJroduced campaKJning. A5 an organisation we will ensure a clear focus in our service delivery. we cannot aspire to meet all needs but wll use our knowledge and experience to bulld the ca￿lty of others 8rKJ irfftase cmjr adV￿a¢y and ¢ampaigniNJ. bulding partnerships and alliances for change. In 2023- 2024: We will continue to provide high quality. free iMm￿ration adv￿ and casework to ensure indiv￿U#l$ 8re able to overcome the bamers lo a secure life. We will innovate and test new models of selvice delivery, working in libraries and asylum hotels to reach new c(Nnmunthes and knowledge to SUPFKx1 our advocacy. We will also review our approach to consider how best we meet the rising welfare needs of our sorvice users who face gvor more challenges to meet daily livirwj costs and access ba￿C services includiThJ health. We will support the development and pro¥isKm of accTediled immigrnth)n advice in the coMrn￿lty by providing exlemal supervision lo staff in otherorgani5ations underlhe OISC reguhqtory framework. We will continue to provide training and development opporbJnits"e5 Ihrough ow vdunteer progr￿the suppth"n9 people with lived expgrignce lo become acc￿dI1ed as advisers. We will continue lo work with I￿al partners lo increase Iheir capxity to reSF￿￿￿ to the needs of migrants facing exclusion and build partnerships and alliances lor change working with olher tharities. local authoritie5 and the GLA, improving local and regional service delivery for migfanls and refugees. We will continue to devolop our national campaignvwJ and inffluenurtg work, partnership wlh people with INed experience of the immigratw system and in partnership with estsblthed pdicy research 0198nisalions. su¢h as IPPR. We will build our padiamentary advocxy. seekirJ OPp￿￿ni11eS to build relaticM)ships and influence legislation and wlicy in the short and b)nger4erm. We will continu8 lo focus our campa￿ning on the M rfjcourse to publ￿ funds wsa condition that prevents people from accessing a safety nel arKI excludes people on low pay from work related benefits. This will include a campaign to increase access lo free childcare. We will rL)nbnue to campaign for faster. fairer. shorter routes to settlement and advocate for a redl￿tIOn in visa fees and the migrant health surcarge. effe¢tively an additional tax on people who have migrated to the UK. We wll use Our(￿mien1n9 FKJwerto bring tcgetherorganisations worf(ing on similar issues to create stronger change. Page 14

PIIAXIS COMMUNITY PROJEcrs TRUSTEES, ANNUAL REPORT For ihe year ended 31 March 2023 We wll continue lo seek juslice fw tho$8 affected by the Windntsh scandal by joining others in aff￿ts lo improve th& compensation scheme which has provon lo be wc*frAly inad8quats. We ￿11 develop our digital engagement to mbilise public support for miwts. ueating Opportunities for people to use their voice and join a movement for change. We will continue lo add our voice lo wldor campaigns for a fair immigralion aThJ asylum system that recogntses and respe￿$ intemational law and places compassion and humanty al its centre. We will rewew and refine our groupwryk strategy to ensure Ihat we are supporfing indN#Juals lo be their own agents of change and that we have a coherent approach to our ¥0￿ woth and advocacy. We will continue to improve and refine wr data cdle¢lwJn and anatysis lo maximise le￿ing aTrJ advocacy. We wll continue to develop our infrastructwe and strengthen our 9ovemance processes. This indudes sI￿n91hen1n9 our finance systems and financial infomiation by outsourcing to a spectalist charity finance provider. JS2. We will develop our technical abilities and infrastructure to ensure welkfunctioniry systems that support our fvndraising, supporter engagement and reporting. Page 15

PRAXIS COMMUNtTY PROJECTS TRUSTEES, ANNUAL REPORT For the year ended 31 Mar¢h 2023 TRUSTEES, RESPONSI8IUTIES IN RELATION TO ThE FINANCIAL STATEMENTS The charty Iruslegs are ￿SPOnsIble for preparir¥J a Tfustges. Annual Reportand financk81 statomgnts in accordance with applicablo law and Unitod Kingdom Accwnting Standards {United Kingdom Generally Ac￿Pted Accounting Pracb¢e). The law applicable lo charities in England and Wales requires the charity twstees to prepare financial statements fof eath year which gNe a true and fair of ihe state of affairs of the chafity. and of the incoming resources and application of reswrces ofthè tharity. for that period. In prepariry the financial S&￿eMents. thelrustees are requirad Select suilable accounting poliu8s and th9n atvty them consistenty. Observe the methods and pvnuples in Ihe applKable Charities SORP" Make I￿￿geThnts and estimates that are reasonable and prudent: State wthether appliCa￿e accounttng stsndards have been followed. subjectto any material departures that must be disclosed and explained in the finawal ststements" Prepare the finwal statements the going o)ncem basi5 unless it is inapwopriète to presume that the charty will continue in business. The tnjslees are responsible for keeping proper accountir@ records thal disclose th reasonable accuracy at any lime the financial position of the ¢harity and to enable them to ensure that the ffinancial statements comply wrth the Charities Act 2011. the applicable Charities (Accotsnts and Reports} Regulabons. and the provisions of the Trust (leed. They are also responsible for safeguarding the assets of the charity and taking ￿asonable steps for the prevention and detection of fraud and other irregularilies. The Irustees are responsible for the maintenance and integrity of Ihe charity and financial inforM￿lon included on the charitys website in accordan￿ with legislation in United ￿ngdorn 9overning the preparation and dissemination of financial ststements. Approved by the trustees on Sep 28, 2023 signeil ￿ tsir behalf by: DwÈekes-Bernard IStp28.2023 15.53GMT411 Dr Debbie Weekes-Bernard CHAIR OF TRUSTEES Page 16

PRAXIS COMMUNITY PROJEcrs INDEPENDENT AUOITOR'S REPORTTO THE MEMBERS OF PRAXIS COMMUNITY PROJECT5 For the year ended 31 Mar¢h 2023 Opinion We have audited Ihe finanoal slatements of Praxis Communrfy Projects (the 'Charityl for the year ended 31 March 2023 ￿lch comprise the Statement ol Financial Activittes. the Balance Sheet. statement of cash fflows and notes to the financial statements. induding a summary of significant accounb'ng policies. The financial reporting framework that has beeri applied in their preparation is applicable law and Unrted Kingdom Accounting Standards. induding Financial Reporting Standard 102.. The Financial Repor"ng Stsndaid applicable in th8 UK and R￿UbliC of Ireland IUnit8d Kingdom Generalty Accepted Accounting Prath"ce). In our opinion, the financial statements: give a true and fair view of the stale of the Charit￿$ affairs as at 31 March 2023 and of Its income and expenditure for the year then ended: have been propèrly p￿pared in acurdanc wryth Unrted KN)gdom Generalty Accepted Accounting Practice: have been prepared in acc4rdance mryth the requi￿rnents of the Companies Ad 2006. 8a$l$ for oplnlon We conduded our audit in ac¢ordan¢e with Intemational Slandards on Auditing (UK) IISAS IUKI} and applicable law. Our responsibilities under those standards are fvrther describgd in Ihe Auditorfs responsibilities for th8 audit of the financial ststements sect¥)n ofour rèport We are indepgndent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. induding the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit ewdence we have oblained is sufficient and appropriate to provide a basis for our opinion. Con¢luslon$ relatln9 to going con¢ern In auditing the financial stslements. we have Conduded thatthe trustees. use ofthe going ¢oncem basis of a￿Untrng in the preparatson of Ihe finanoal sktement$ appropriat8. 8ased on the work we have perf0ffl￿d. we have not Klentified any malerial uncertainties relating to events or corKlilions that, individually or collectivety. may cast significant doubl on the c*ariVs ability to continue as a gtyng ¢oncem for a period of al least twefve monlhsfrom when financial statements are aulhorised for issue. Our ￿pOnsIbIlItIeS aThJ Ihe responsibilili8s of the dire￿r$ with respect lo going conLxm are d8$¢ribgd in the relevant seclion$ of this report. Olh•r infomiation The trustees are reSFU￿1b1e for the other information. The other information cornpri5es the irrfonnation included in the annual report other than the financial stateFnents and our aud1￿5 report Ihereon. OUT opinion on the financial ststements does cover the other information and. except to the exlenl otherwise explicilly slated in ¢)ur reFM)r( we do not exp￿$ any forrn of a55urance orcondusion Ihereon. In conngcliw with our audit of Ihefinancial $L￿eMents. re5ponsbbilty is to read ￿ other infomiation and, in doing $0. consider whether the other IrrfO￿￿aIIOn is materially incon5151enl with the financi81 Statements or our knowledge obtsined in the audit oi othernvise appears to be materially misstated. If we identify any such material inconsi8lencies or appa￿nI material misstatements. we are required lo d8lerrnine wheth8r there is a material misstatement in the finanual ststements or a material misslalement of the olher infomialion. If. based on the work we have perforn￿d. we conclude that there is a material rvmsstatemont of this olher inforn)ali(m. we we required to rewi Ihal fact. We have nothing to report in Ihi$ regard. Page 17

PRAXIS COMMUNITY PROJECTS INDEPENDENT AUOITOR'S REPORT TO THE MEMBERS OF PRAX15 COMMUNITY PROJE For the year ended 31 Marth 2023 Opinions on other matt•rs pr•scrlb¢d by lh• Companies A¢t 2006 In our opinion. based on the WO￿ undertsken in the Course of the audrt= the information given in the trustees. report (incorporating the directOTS' report) for the financial year for which the financial statements are prepared 15 consistent with the finarrial statements" and the truslees. report lincorpofating Ihe direct￿5. report) have been prepared in acwrdance with applicable legal requirer￿nts. atters on whl¢h we ave rnqulred to r•port by ￿te9100Th In the light of the knowledge and understsndiThJ of the Charity and its environment obtained in the course of the audit. we have not Klentified Materi￿ misstatements in the Tnjslees, Annual Report. We have nolhing lo report in respect of the following matters in relation to whth the Companies Act 2006 requires us to report lo you rf. in tyjr opinion: adequate accounting re¢¢Yd5 have not been kept or return5 adequate for OUT audit have not be$n receivetl from branthes nol visited by us: the financial statements are not in agreement with the accounttrng records and retums. ¢8rtain disdosuTrs of tru$teos' remUnerat￿)n spgofied by law are not made; or we have not obtaingd all the infomiation and explanations necessary for the purposes of our audit. RosponslbS1Sll•s of th• Irustws As explained more fvlly in the trustees. responsibilrbe$ statement. the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal contrd as they delerrnine 15 r￿CeSSary lo enab￿Ihe preparation offinanaal statements thal are free from material misstalemenl. whether due lo fraud or error. In preparing the finoncial statements. the trust￿ arg responsible for assessing Ihe Charity's ability to continue as a going conc8m, disdosing. as appIl￿ble. matters related to going ￿nc¢M and using the going concem basis of accounting unless the trustees either intend to INuidate thg Charity or to Cease operations. or have no reali51ic altemative tmrt lo do so. Our responslbllltles for the audlt of th• financlal stat•m•nts Our objectives are to obtain reasonable assurance atK>ut whèther Ihe financial stat&ments as a whole are free from material misslalernenl. whether due to fraud or error. and to issue an auditorfs report that Includes our opinion. Reasonab￿ assurance is a high level of assurance. but is rKJl a guarantee that an audtl conducted in ac¢ord•nce ISAS (UK) will ahvays detecl a material misststemenl when it exi51s. Misstatements arise from fraud or ettor and are consi¥Jered material rf. individually or in the aggregate. they ccwjld reaSona￿Y be expec1￿ to Influence Ihe economic decisions of users tsken on the basis of these financial staternents. Irregularilies. indudirwj fraud. are instsnces of norpcompliance with laws and regulations. We desig procedures in line with our ￿sponsi￿"1￿$. wtlined atyove. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures a￿ capats￿ of detects'ng irregularities. including fraud are set out belN. In Identif￿ThJ aTrJ asse￿1￿3 risks of rnalerbal nmsstatement in Te5pecl of irregularrlie5, including fraud and non-compliance with laws and regufations. our procedures induded the following: We ewuired of mwgement. irKluded obtaining reviewing supporting docuMentat￿n, ccK)¢emirwJ the ¢haritys poli￿$ and Procedures relating to the intemal controls estaNi$hgd to mib'gale risks related to fraud or n￿<0mpliance with laws and ¥egulalions. Page 18

PRAXIS COMMuN￿y PROJEcrs INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF PRAXIS COMMUNITY PROJEcrs For the year ended 31 March 2023 We inspected the minules of me8liTrJs oftho$8 dwrgod with govoman¢e. We revi6wed the financial slatement disdosures and tested these to supportin9 d¢xumentstlon lo assess compliance applicable la￿ and regukqtions. In addressing the risk of fraud through M￿agement override of contro15. we tested the appropriateness of joumal enliies and other adjustments. assessed whether the judgements made in making accounting estimates are irKlicative of a potential bias arKI tested significant transactions that are unusual or those outside the nonnal Course of business. 8ecause ol the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those leading lo a material misstatement in the ffinanual statements or non-compliance with regulation. The risk 15 also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional ￿nCealment. torgery. collusion. omissK>n or rThsrepresenlatiOn. A further description of our fftspon&brfitie$ for Ihe audrt of financial statements is I￿ated on the Financial Reportin9 Council's wel)site al." Iwww.frc.org.uk/auditorsrespon&bililiesJ. This descnption forms part ofour auditorfs report. Use of our roport This ￿port is made solely to the Charity's members. as a bc￿. in acCOrdar￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audrt work has been undertaken so that we might state lo the Charrty's mernbers those mattets we are required to stale to them in an audil0rf5 report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume res￿nSibIlity to anyone other than the Charity ano the Cha￿$ membets as a bcty. for our audit work, for this ￿port, or for the opinions we have formed. Anthony Epton (Senior Statutory Auditor) for and on behalf of Gofth#in$ Limito Statutory Audit Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG 28 September 2023 Page 19

PRAXIS COMMUNITY PROJECTS Flnancial Statements for the year ended 31 Mar¢h 2023 STATEMENT OF FINANCIAL AcnviTIES (Including Income and EXpendI￿re Account) STATeMe1￿ OF FII4APKL•L ACTNMES IIIKLUDWIG WKOIIEAla) EXPENoinNgE A¢couMn FOR THE YEAR ENDED 3) MARCH 2023 ilnr•strlc¢•d lunds RBJtrlcled fun05 2•23 20 T4)tsl fvr 2023 Tot•1 fvrKI 2022 516.104 516.104 497,294 1,087 127 Ch•rltsbl• acllYlll•s: Acces5 10 SuFWt Cwty Buthlwj ampoigns aThJ Ath•c 1.031284 571.430 97.640 104.674 l.f4)2.714 102.640 104,674 1.409.061 90.238 92,026 TOTAL INCOME: 1.553.475 773.744 2.327,219 2.(8.746 Exp•ndltur• ￿. 54.848 42.307 charftabh Expgndth¥•: Acc8$5 to Suppxt cap￿lty Buildirvd Carnpav4ns and * 1339,516 283,614 133.967 575.(M7 114.967 108,781 1.814.563 398.581 242,748 1.586.905 375,171 223.864 TOTAL EXPENDifuRE: 1.711,945 79B.795 2.510.740 2,228.247 NET EXPENffftJRE Tr8nsler t￿$¥ 1158.4ro} 113.6421 (25.0511 13.642 1183,521) 1139,5011 NET MOVEMENT IN Fu￿>$ 11711121 111.4091 1183.5211 1139.5011 RECONCILIATI￿ OF FUNQS Fund b￿￿¢•& bwhl forwd at 1 2tr22 104.799 871.695 1.011,196 FUND &4LANCES eROUGHr FORWARO AT 31 MAKH 2013 $94.7A4 93.39) 688.174 871.695 Page 20

PRAXIS COMMUNITY PROJECTS Financial Statements for the year el￿ed 31 Marth 2023 BAIANCE SHEET AS AT 31 MARCH 2023 X123 2022 FIXED ASSETS Tangible Assets 13.552 27.899 13,552 27,899 CURRENT ASSETS Dgblors 10 310.530 328,980 Cash al bank and ￿ Iwd 599.649 654.317 910.179 983.297 CREDITORS Amounts laling the Mithin one year 11 1232,5741 (132.9381 NET CURREPn ASSErs 677.605 850.359 TOTAL ASSETS LESS CURRENT UABILITIES 691.157 878.258 Ama￿tS falling due after one ye 12 12,9831 {6.5631 NET ASSETS 688.174 871,695 FUNDS 13 R?5tricted Reser¥e5 Unreslrieted Reserves-. General Reseryes Dttignated Resems 93,390 104,799 451,403 143.381 601.515 165,381 TOTAL FUNDS 668,174 871,695 The fin8nciÈl ststements have beenprepared In actrdance with Ihe speual PTV4lsior￿ relatirvj to companies subl8¢t to the small companies regim ithin Part 15 of Ihe Coffpanig5 Act 2CNJ6. The financial stat8ffnts apprmd by the TnJst•e5 aThJ a￿Sed for issue on 28 September 2023 nd slgned on their behalf by: Lweekes-vemèrd (S+P26, 1023 ISJ3Glll*ll Dr DebtA? we9k•s4wna￿. Chair The notes on pages 23 10 33 fom ￿ ofthese fin￿¢la1 state11￿￿t$ Page 21

PRAX15 COMMUNITY PROJEcrs Flnanclal Stalefflents for the year ended 31 March 2023 STATEMENT OF CASH FIOWS 2023 2022 Cash flots from oper¥ling actpthties.. N•t C•sh proYld•d by op•rating acti¥ttl (547551 (76.615) C8sh flows frtsm iivesling 11￿11¢$. Intwest 1,087 127 Fknrchase offi￿1 assets 18,460) N•t Cash from Inv•stlng actlvltl•$ 1.017 (8.3331 Ch8rye in cash & cash equ￿￿￿nts in thè rwtirwj pgrK>d {54.668} (84.948) Cash & equplalents at 1 Awl 2022 654.317 739.265 Cash & Cash equivalents at 31 March 2023 654.317 R•eon¢i1Sallon of Tret •ncom• to nel cash llow.from operatlTrg a¢lfvltl•s Net eypenditure as per SOFA (183.521> {139.501) Adjustments Depreciation Dmdends and InteTest Decreasè in dèbtors Increase I (derr￿Se) in credito 14.346 11,0871 18.450 96.056 16,185 1127) 239.652 192.824) Net rash Pr￿￿¢￿ by operatin9 actmlies {55,756 176.615 An•lysls of cash & cash •qulval•nts Cash in hand No1i¢e deposits Iloss than 3 nNJntsl 505,841 93.808 561.594 92.723 Total cash & cash 8quivaknrts 599,649 654.317 The noi•S on pages 23 to 33 fom part of thèse fin*￿1#1 statements Page 22

PRAXIS COMMUNITY PROJECTS Flnancial Statements lor the year ended 31 Marth 2023 ACCOUNTING POUCIES 1. A¢¢ounting Poli¢i•$ The Pfincipal accounb'ng policie5 adopted, ju0Jeft￿ts and key sources of estimation uncertanty in the preparation of finan￿al statements are as follows.. a) Basos of Accowtlng The financial slatements have been prepared in accordance with Accounting and R8POrting by Charities.. Slatèmenl of Recommendèd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable lo the UK and Republic ol Ireland IFRS 102)leffedive 1 January 2019) - (Charities SORP (FRS 102)). the Financial Re￿rtIng Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Acl 21106. Praxls Community Projects meets Ihe definibon of a publK benefft entty WKler FRS 102. Assets and Ilabililies are initlally recognised at hislorical cost or transaclion value unless othemsè Stated In the relevant accounting policy notes{s). bl Preparatlon of the attounts on a golng ¢onwn bas15 Having considered future budgets and cash Ilows. Ihe trustees conffirm that they have no material uncertaints'es about the entity's ability to continue as a goiThJ con¢em for the foreseeable fvture. cl Fixed assets Expenditure on fixe¢J assets is capitalised wtheTe the cost (or the value rfdonated) is in excess of £5.000'. othenvise it is written off through the Ststemenl of Financial Activi￿5. Costs of replacements of major equipment may be charged to deS￿nated fvrrtjs set aside for that purpose by approprialions from Revenue. Tangible fixed assets are depreciated at rates cakulated lo write off tr* cost. ￿S estimated residual value of each asset evenly over its expected lrfe. as follows.. Fumiture. fftb'ngs and equipment to be written ¢)ff over four years d) Funds The different funds are defined as folk)ws: Restricted funds are tIK)se fijnds are to be used In accordance wlth speafic instructions imFwd by the donor or trusl deed. Unrestricted funds are those funds available to the ¢harity for its general purposes. Designated funds are iJnreslrided frjnds of the charity which the Tru51ees have decided at their discretion to set aside to use for a specific purpose. Th8 aim and use of desBJnaled fuThJs is sel out in page 10 in the Reserves PotKy. 11 is the pdicy of the trustees lo retsin unrestrKled fijnds. amounts in which in Iheirjudgemnl. can help to mitigate the short term effect of income vo18tilty and retain funds to genérate sufficient incomè to meet current and futu￿ operational actmti.es of the charity. Page 23

PRAXIS COMMUNITY PROJEcrs Flnancial Slatements for the year ended 31 Marth 2023 ACCOUNTING POUCIES 1. A¢¢¢)untlng Policies {Continu•d) 01 Incom• rncognlllon This ￿mp￿S fees receivable frorn the various acbvrfies and investment in￿me. All income is recognised once the charty has entl￿ernent to the ir1￿￿￿. it is probable thal the income will be received and the amount of income can be measured reliabty. Donations are r8cognised the Charity has been nolthed in writing of both amount and setuemenl date. In the event that a donatK)n is suty'ecl io ¢ondilions Ihat require a level of performance before the charity is entiUed lo the funds. the inwme 1$ deferred and not le￿gnISed until those ¢onditions a￿ fully mel. or the fuifilment of those conditions is t•tholty within the control of th6 chafity and il is probable that those Ou￿rtionS will be fvfflled in the repOrtK￿ perM)d. Legacies are recognised on a ca$e-by￿se basis following the grant of probate when the adminislratorlexecutor for the estate has communicated in writing both the amount and settlement date. In the event that the grft is in the fomi of an asset other than cash OT a financial asset traded on a recognised stock exchange. recogniknon is subject to the value of the gift being relobly m8asurabl8 with a degree of reaSona￿e accuracy the tille of the asset having been transferred lo the charity. Income from govemment arnj olher uvants. whelher 'capital' or 'revenue' grants. is recognised when the charity has entillement to the funds. any performance conditions attached to Ihe grant have been met. it is probable that the income will be received and Ihe amount can be measur&J reliably and is not deferred. Investment income is ryedited to incomewhen il 1$ re¢ei¥able and amount ¢an be measured reliab by Ihe charity: tIMs is nomally upM r￿l￿allOn of the interest paid or payable by the bank. fj Expendlturn Liabilitie$ are re￿nIsed as expertdilure 8S scK)n as there 1$ legal or C￿SIruCtiVe ct)ligation committing the charity lo that eyndilurn. it 1$ wobablo thatse¢MemntTthII be required and the amount of obligation can be measured reliabty. Expentjiture is recognised I￿ an accn￿lS basis a5 a liability is in(yJrred. inclusrve of any rrecoverable VAT. Charitable activities comprise mainly of the provisK)n (rf acc￿￿￿￿1•On including welfare and catering. premises and adminislrattve u>sts. Support ¢>)sts havg been alkjcated to chafilable ackn￿ties. Govemance activits￿ comprise organisatyonal administration and cOm￿lance %Mth ￿nstitUtiOnal and statulory requirements. Costs indude dire¢t costs of external audit. legal fee5 and olher professional advice. gl Debtors Tr8de and other debtors a￿ reeognised at the settfemenl amunt due after any trade discount Offe￿d. Prepayments are valued al the amount prepabJ nel of any trade discounts due. h) Ca$h at bank and in hand Cash al bank and in hand indudes bank accounts. cash and short tsmi highty liquld rnvestrnents wlh a short maturity of three months or less from the dale of acquisilion or opening of the deposit or similar a¢￿UnL l. A¢¢ounting Polict•s (Contlnu Page 24

PRAXIS COMMU141TY PROJEcrs Financial Statements lor the year ended 31 Mafth 2023 ACCOUNTING POUaES i) Crnditors and provislons Creditors and provisions are reccJnised Whe￿ the charity has a present obligatK)n resulting from a past event that will probabty rosult in the transfer of funds lo a third paty and the amount due lo settle the obligation can be measured or esb'mated reliably. CreditoTr and provIsK)r￿ are nt>rmaly recognised at their setuemenl amount after allowing for any trade discounts due. j) Ponslon Schem• The charity makes contri)utKns into a defined contribution scerne on behalf of all employees who have enrolled in the scheme. The assets of the scheme are held separately from those of the charity in independenuy adrninisle￿d fvnds. The amount charged lo the slalemenl of financial activitbes in respoct of pension costs ts the total contributw)n payable for thè year. k) Estimatlon uncertainty In the view of the tnjstees in applying Ihe accounting w￿leS adopted. no judgements were required that have a signrficanteffecl on the anyjunts recogntsed in the ffinanual ststements nor do any eslimales or assumptM)ns made cary a signrfKant nsk of matenal adjustrnent in the rxt financial year. l) Flnanclal Instruments The charty only has financial assets and finanrial liatmlities ol a k￿d thal qualify as basic ffinancrdl instruments. Basis financial instruments are initsally recognised al tran$aclw)n value and subsequently rr*asured at their seltlemenl value. Page 25

PRAXIS COMMUNITY PROJEcfs Financlal Statements lor the year endlng 31 March 2023 NOTES TO THE ACCOUNTS Tot•1 Total funds 2022 2Q23 l Don•ti•M & L•g•d•• 516.104 497.294 1810 028 1 $91 325 AeceBsto Stryyart O*•ct Cost& Stam Costs (note 81 ot￿r Costs 1.413.912 282.082 1.695.994 118.569 1.814.563 1.307,4 118.644 1,426,0S0 160.BSS 1 586 905 pr#XtCL%ts Irth 7) C4pHclty8uil&ry Stsff Costs Incts 81 Other Costs 269.766 48.963 318.729 79.852 398.581 249.368 21.962 271,329 103 841 37S,171 S)JFpNt C￿ts Inal• 71 6. ¢wnp•lgM •ndArt¥•caEy Dlre¢¢ Slam Costs Inrts ai Other er£ts 164,845 34.348 199.193 152.3BO 166.498 C4￿(￿)t0 71 242.748 223.865 . ¢05t ol Fundralslry Staft Ccffjt5 (note 81 Othw Costs 42.373 39,169 Page 26

PRAXIS COMMUNITY PROJEcrs Financial Statements for the year endln8 31 Marth 2023 NOTES TO THE ACCOUNTS Support 2WdJ C•p•¢lty C•mpalgr• •Thl Idlng Total 2023 PW1￿ Ca8ts 9.192 7.030 3.920 5.761 6.190 4.735 2.640 3,376 2,5fi2 1.440 2.116 18.758 14.347 8.000 11.757 189114 241.976 Audit Fe 118.569 79.852 Supm 2022 Ac•ss to C4paEIty CwNpal9ns and Ildny Totsl 20Z2 p￿rn￿$ Costs 12,157 7.932 4,466 2,914 1.784 24.811 16.188 9.910 20.291 5.342 3.270 4257 Foe G¢Mman¢&Ctyts Other Ctéls 12.986 122.924 T•l41 lurnl$ 2W43 Total furtd$ 2022 8.rx>o 9.910 16.187 26,097 22.YT Slaff Costs 20Z3 2022 The average mwthty •yygWS •mlwYdurir ¢heJear wa5". 12 52 2023 2022 Ww and ScKbal Socurtty C(Éts Crsts Teryuary Slaff Costs 1.619.208 169.657 YJ.228 1,SQS,031 148,668 46,179 1 89).896 1 74B 323 Stoff Costs ty ¥w¥lc• 1,413.912 269.766 161.845 42.373 18￿896 1.307.406 249.368 152.380 C8pgcty 8uildw*J C¥mF44n5 8nttAthYx Cc4t of Fundr￿￿￿￿1 1 748 323 01 Y41Mch attributatAe tok•y 265 530 Page 27

PRAXIS COMMUNITY PROJÉCfS Financlal Statements for ihe year tndin8 31 Mar¢h 2023 NOTES TO THE ACCOUNT5 l. St¥ff Costs Iconllnued) Emp￿￿8 receivpd betTen£70,0(K) aTh1 £w.L￿1 in tsuTrrtyl2021.2022 or¥l. No eftybJw5 r¢c•%d r￿kn￿rts b8&￿en£$0.0￿) aTrJ £70.OCQ in h rjmrtpaw P021_22. ¢rl. Tntstees ￿￿￿TreCeI￿d aryeoxkn￿XI1rS8ThiCes r¥ArtirfL•B8d forarry8xpens88 on Ctr4ritydwTrJtr• •. Taftgbl• Flx•d A8s•ts.FumlthTh, Ftthr•s & EqutpffAnt 2023 Co8t'. Batsnce •$8t l Aprfl Addibor Valu•al $1 139.345 130.885 139 139 D•pr•cl•llon: ot l Ab 111.446 95.261 irt￿0r Depr•¢latton at Jl 11a￿h 125.793 111,446 N•t 80ok VaJ• •t31 13A52 27M99 N8tBook Vak at 1 Wl 35.624 10. D•bto 2023 2022 Tr8d8 OebbN¥ Prepa￿￿Tts aTrJ a￿lu&L5 r Debtor5 160.409 95.144 54.977 211h73 103.564 328 980 11. Cr•dltws du• wlthln ¢)n• y•¥ 2023 2022 Amounts due wlthln one y••r Trade C￿dItO 0lbert￿$ & ¥o￿al5￿￿ty Defird 8er*fil Persion P￿n4•fi￿t Accn4ls. pro¥iyo Oeferred 124a88 67298 3281 37.607 32.657 49532 3263 36￿90 232 574 132938 Page 28

PRAXIS COMMUNITY PROJEcrs Finan¢ial Statements for the year endln8 31 March 2023 NOTES TO THE ACCOUNTS 12. ¢r¢dbrs du••ft•r•n• yw 2023 2022 13. exp•ThlMur• YrnnBfer• Restrkknd IncoThfvnd Accessk) Support caparytyBLi￿ eampaigns arAdwJcxy 47A170 16 41229 571.4YI 97.640 lo4￿74 (575J)471 1114.9671 1108.7811 978 10.177 37.122 104799 7n.744 795 93.390 Tnwbsl•rn At31 2023 A•slrlct•dlncoffl• Funds Lor￿On￿O￿OfrCrtrHomknts 730 6,730 47.843 87.103 148.3561 185.5851 124.697) 146.057) {41,7121 132.4421 160.138} {60.933} 198.1471 {5DAOg} 513 'g LDtyory.RgacJ4rs CcorrtArifjo$lknl•wJ 819 Lottery 1.518 2,792 27.377 9.988 5.368 15.113 4.567 2.457 5.53 20.449 22169 16 .565 352fyJ 37.010 .4 Pa¢JHarntyr F￿￿ab0￿.JLFtsC? Trwr Hamknts. EECAB BwhbMd• ewSmitrF4JTrJalon Pattrway5 tAospilol th5clwyel stArlLocalCrNrriLsl wHDriLpnLorKloDCryJ%i Merc¢rs CtrAnlth Fr¥JbJAtion nar•1 Tthtfor 1co.e04 55.947 10.9 15.4881 {6B.9101 129.0461 IB.0121 134.9181 132M511 (60.0301 17,9591 18J60 S4.105 19P26 3.SS9 B$n& hn)sCOVOWoYv Frorthinvl N•Nwrk BBC ChkneninNed 32.424 2.494 8.417 60Tr30 9,925 IknpDMaryUrybernlty-Bri9liqrF To¢¥1 Resknthd FLnls m,744 93,3 De￿grAted FI￿$ GenA(81 RÈ8eTh 165311 1515 (22.0001 8258 143,381 451.403 1553.474 11.711.945) 766m6 1.553.474 1711.945 13.842 TollCh*rftyFthid• 871ffi95 2.327218 .510.740 6BB.174 Page 29

PRAXIS COMMUNITY PROJEcrs Flnanclal Statements lor the year endln8 31 March 2023 NOTES TO THE ACCOUNTS Funds (toAdnud) F￿Thd• Z022 ExP￿dkn At31 March 2012 R•str1•41 kn¢•m•fvnds 1S1J27 947MgJ {1M1.19 {292.760) 61.223 43.576 korp￿￿rpj 1￿.9)3 1233M61 1.323.965 104.799 E￿￿dkn Tr¥￿1•￿ Atjl Maff¢h 2022 lor￿an 80￿￿holTO¥lWHWrfP1s Oak Fourdo stmws Th88i9L PALd HaMWFow￿•1on TrA¢ttsctArq6 rtySff¥th Fo￿￿#tion 291.715 1fj0XO) 132.76 12B4.985} {160.OC•J} {132.768} 197.995} (72.3711 r403111 {49,7841 11648891 {2$.5￿) 6.73 19.047 101229 20J11 31￿ 59.857 59.399 164889 2$546 19fft11 )N7 IOln7B 14,852 B8C No•d ,04n 1101.070Tr {50N54) {19W2) S￿Ler TnNtforLvrdr Ben& Jffj7 (r0ES?FM￿afiC BOn&J￿6 COVO Wolaro Tr PiW"mTnxl 1•A14 19.C 18.360 5.CiO {3J66 11?931 127.66SI 1.393 21J Tollll Re$M4ed Fw¢s 194.W3 Unrnibictsd Incom Fun 1W.131 626.162 124.750) 24.750 165.381 601.515 Gernrnl Rss•As (YJ12B21 YoLql Urrt5kndOd Fukjs 816 2.OBB.746 2228247 871.695 G•n•rnl 31 2921 Tolall T￿lJIb￿ Fiyffjd AGE•ts NelCurnlrtAssets 4A72 gM80 445J06 13,5SZ 677.805 2.983 143J81 T4oIWAssots 143.381 451.403 31 I￿reh 2022 T¥•l• FiJJdAs¥•¥ P4r1cmrtA￿oty LorvJ4¢rnCreditors TrJBINplAsse15 1gM92 589.386 6,563 15 27099 850,359 1￿.799 t65.381 871.695 Page 30

PRAXIS COMMUNITY PROJECTS Flnan¢lal Stements for the year endin8 31 March 2023 NOTES TO THE ACCOUNTS 15. P•hslan The sGhgmo is a dgfined in ￿ UK. It is fiot t£rfnÈny kn t4Aain inmtion to 4nbk it ts acojnlfar Th9 18 sublocttothg lu￿1n9 1og&4bJn ouuiw in fryc• an 30 DK•mbw 2CQ5. Tl¥s. Icge¢her th dO￿Jm•nlS ISSL￿O by Regulator and TechnK¥ Acluarial Sl8ndwd5 by t￿t Reporw COU￿￿. 801 wt the framowth for fvjnthrry ¢efin•¢ bengfil r￿uPatIOnal UK. Thg scherne 1$ ¢lassifiod as a last-man slan¢Sng alrary0￿. Th8refrKe Ih8 cwryny is K)t8nti¥Fy other wts(ipalirvJ omWoyors' obligalw5rfth050 employor5818 fft8e1th•rshareofthosd￿￿er￿jtfr￿>￿wlth&4￿￿ Irom th08thèmo. PaibLipating8mpk)>rs are leg8ty requlred lo met ihshare of the Stm• ah ot) ¥vl•h¥ tho Afijm aclu8rl voluolbn fty Ihe scheTh was at 30 SeweDw2020. •%sets dÉ600.3m. W•btht6•5 ofE831.9m and o 4Jefiul ol t31.6m. To eumknale shothl. Ihe Truste• has 88ked the 8mpWs to pay add￿(￿81 Con￿￿#Jtk]nS lo the 8ch8m as fdlows" Deficlt contrlbutlons F￿1 1 Apiil 2022 to 31 January 2025.. £3.312,[￿ per annum IpayaN8 ft￿nthty Uhl•8J a t4tessh)n has been awted thE 10 31 2025 Note Ihat th• stheme's prevxts valuatpoft Was C8vrièd out an eifedirt daM 0130 Sewnt•r 2017. This va￿￿10Th shtred as88ts or £794.9m. at4thes of£926.4m and 8d•ftiiof £131.5m. To dwninaie 1h￿￿ndIN￿ s￿)rt￿n. IhÈTwstttrask•d Pa￿￿pating M￿OYa￿ lo pay Defi¢it Contributions From 1 Awil 2019 to 30 S•ptemb8r 202S." £11.243.(O) perannum each ￿ 1s1 April) Ipayabye mDnthty and increasing by 3% Thè rnco¥try p￿n +NknbJtitin5 e eoth pwb¢W"nB errsw in kne wilh e51wre(l shwe of Serie5 1 and SerE# 2 1tam11obllthS. Where the sthtrmt i% in dtifKit •nd the ￿p￿rry agrEtd to o dEfic4 fun rewjnises D halylty Iwlhis obligwlw)n. arnount recA4nwd is the nel We5entva￿ of Ihe ¢lefK#t redUd￿ paythe agreerrwl that rd8les tothe d¢firyt Thg pres•nt value is c8fvJlthJ uslrwj tho rats ¢9ts18d n Ilwo ofV d*cwnl r81• b r8cKwi¥ed as a fi08nce cosL Page 31

PRAX15 COMMUNITY PROJECTS Financlal Statements lor the year endiry 31 Marth 2023 NOTES TO THE ACCOUNTS 15. P•Ml•n ¢ommlbnerts l¢•vrtknue4) PRESENT VALUES OF PROVISION 31 2022 31 IAYEh 2tra1 (£51 Pw88nt V81uo ofwDiSb]n 43,223 RECONCILIATION OF OPENING AND CLOSING PROVISIONS P•rf•d Ehdlt 31 2023 l£sl P•rfod Endln9 31 MèrGh 2022 l£#) at siwi of 43.223 ollh• dis¢tyJntfadty (Interesl 185 249 (3.Wl 110.9381 11671 1226} 122.4821 Pmvk8th atend olp8rv)d 9.826 INCOME AND EXPENDITURE IMPACT P•rfod Endlng 31 2023 1£$) P•rfod Enolno J1 March 20Y 185 249 RenWJre￿nts- impxt dony ¢h•ngo 11671 12261 122.4821 CMthbullon8 paid In rn8PBCt ￿1￿1￿18 8v￿. Costs re￿￿ed in irKorne eywnditure aEc47ur 'indude$ defirnd ¢OOtrbution xherfS ar¥J semce {i.. xdufry any defrtit rdudiort paymerdslto deftned btrfft schom•s ￿4¢h 810 1rn818d asrfofined ¢¢￿trIbution sthwms. To bB vxwed ty tho conwany. ASSUMPTIONS 31 IAarch 202) perannu 51 Ilarth 2trd2 % p•rannthi 31 Il•reh 2021 % p•r annum Rate of disc4yJnt 5A2 135 Tha d￿cOunt rai8$ 8t)V• ore lh8 equ￿a￿￿T S￿￿e disctyjnl rates vsod Iodi5L¥J￿I th2 fu￿r￿￿e￿very ￿￿tribU￿On$ duB. %s*u1d s•ve th6 sam8 resutts as a ful M LyJfF•xate tx¥vJ G￿ve the saTne rEC￿ry L￿trIbutiOns. Page 32

PRAXIS COMMUNITY PROJEcfs Financlal Statements for the year endln8 31 Mar¢h 2023 NOTES TO THE ACCOUN75 l& FlnanElal 2023 2022 Finwnda moo¥ur•J c4 17. R•l•t•d Th8 patyrrar￿￿l￿]Th tot ffttrfMKfjal)ar kn nthl m p10 Truav•6' R•r¢¥L 18. Stst•mqnt ol FIn••￿•1 A¢tlTAty20 ¥trl¢f•d fund$ 11•strf¢tsd T•t•l furnls 2r122 22 Donallon• and L•o•¢1•9 497294 497294 127 127 Charftabl• actl¥lll•$: Ar￿￿S lo Sup¥ Capauty Bu1￿Ing com￿gn$ 99.538 53.240 92.026 1.305.525 35.998 1.409.061 90.238 92.026 TOTAL ItrIcC￿lE. 741225 1.J48.523 2,•U.748 Exp•ndtsrn on: Aalslng Funds 42.306 Charttable E¥p¢ndllurn: Ac£e5s lo Supt Cwty Buil¢Jinp 349.119 176.330 223.865 1.237,786 198.841 1.566.￿5 375.171 223.865 TOTAL EXPENDrruAe.. 791.6ZO f.436.627 2.2Z•.247 NET INCOMW(EXPENtXTUREI'. (90.1041 1139.5011 NET MOVEMENT IN FUNOS 149J97) (90.1041 RECONCILIAMON OF FIThPS Fund baLqnces tsr￿t foAwd At 1 W 2￿1 816.293 194,903 FUND BALANCES BROIIGHT F￿VARD AT31 MARCH1022 Page 33