Reglstered number." 04906985 Charity numhr: 1101626 STYLE ACRE TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A09 'AECOLPSH* 0717012025 COMpAhiiES HOUSE #127 STYLE ACRE CONTENTS Page R•f•ronce and admln*trative dotails of tho Charlty, its Tw$toe8 and advls•rs Tntstees, report Indep•nd•nt audltorfs r•port on th• fln•nclal stat•ments Consolldatsd stat•m•nt ol financlal actlvltl•g 3-10 14 Con$olldated balan￿ sheet 15 Chlrlty balanc• sheet Consolldat•d stat•ment of cash flows 16 17 Not•9 to lh• IlThanclal •tat•ments 18-42 STYLE ACRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENOED 31 MARCH 202S TNgte*g Mr I C 8oulton Ms L Fromings Mr D Rice (appointed 5 December 2024) MrsSANye Mr N A Rawsthorne Mr K Tibbg (res(qned 19 September 2024) Mr P To*fftsend (on sabbatical from 1 February 2025) MIsRMCox Mis J E Marsan Mr P Brice (appointed 13 June 2024) Each Trustee shall offer their resignation to the Charity on Ihe expiry of three years fr(Yn Ihe dale of last appointment. MS L Fromings. Mr K Tibbs and Mr P Toymsend reS￿ned at the last General Meets'ng vthilsl Mr NA Rawsthorne. Mr IC Boullon and Mrs SA Nye are due lo retire at the next General Meeting in aG¢ordance ih the Articles of Association. The appointmenl of Mr D Rice will also be approved at the nexl general ffleeting in KMrdanc• wilh Ihe Arlides ol Association, omp•ny f•ght•r•d numb•r 0490698S Chaiity r•glstered numbor 1101626 Reglst•red office 1 London Street Reading Berkshire RG14PN Cofftpany 8•cr•tary Mrs E S Vanderslee Executlve managem•nt •nd •dvlc• Chris Ingram, Chi•1 exe¢uli¥e Rebecea Speighl, Operation$ Direclor (left employment 30 June 2024 Jonathan Milne. Opefalions Director {ernployed bet￿efi 2 July 2024 and 28 Feb 2025) Lisa•m￿le 8etteridge, Inierwn Operalions Direclor (from 1 Marth 2025) Sarah Stuart. Finance Dlrector The Trustees have delegated day to day rnanagement of Ihe ¢hwlty lo the exe¢uli¥e direclor$, and lake advice from Ihem concerniry Ihe management ol the chaflty. The executive directors are not th'rectors of Ihe company lor statutory purposes. Page 1 STYLE ACRE REFERENCE AND ADMIMISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES ANO ADVISERS (CONTIIIUED) FOR THE YEAR ENDED 31 MARCH 2025 Indapondent auditor Jame5 Cowper Kreston Audil Chartered Accountants and Statutory Audltor Reading Bridge House George Street Reading 8erkshire RG1 8LS 8ank•r• National Weslminster eank PIC PO Box 13 30 Market Place NeN*bury Berkghire RG14 5AJ Solicilo Field Seymour Parkes 1 London st￿et Reading Berkshire RG14PN Inv•stment Advisera Saraiin & p•rtr￿r5 LLP Juxon House 100 St Paul's Churchyard Lorrflon EC4M 88U Page 2 STYLE ACRE TAUSTEE8' REPORT FOR THE YEAR ENDED 31 l•lARCH 202S The Trustees present their Annual Report together with the audited financial slatements of Style Acre for the year l April 2024 to 31 March 2025. The Annual Reporl seThes the purposes of both a Trustees, repart and a directors. report under company law. The Twstees confimi Ihat the Annual Report and consolidated financial slalements 01 Ihe charrtable company comply ￿1th the current 3tatutory requiremen15. ihe reguirernonlj of the charitsble compan*s governing document and the provisions of Ihe Slatement of RKommended Praclice {SORP) applicable to charities preparing Iheir accounts in accordarte wth the Financial Reporting. Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 08JECTIVES AND ACTIVITIE8 Charllable ObJe¢llv•• The chafitls objects are.. The support ol persons affected by learning disabilrties and autisrn by such means ai ihe Irustees See fjl from lime to time including but not limbted to ihe loregoing-. a) the provision of cale and assistance to such persons in Iheir homes or In $heltered or other a¢¢ommodalion. in particular but nol excluslvely those are slck. convalescenl. disabled. handicapped or infirni,. b) the provision of financial assi51ance to SllGh persons are in conditions of financial need, hardsh￿ or di¥lr¢¥s', c) the support of such persons by empthtring them to make choices in their Style al living and io access facililie$ in the ¢ommunity. 2. The advancem•nl ol public pducallon by.. •} ra15ing public 3warenes1 and under¥lJnding Of leamin9 difficulti¢￿d19•bIll(y. piomoling and •uppotts'ng re9earch into Ihe ¢auges of leafnlng difficulllesldisability. their needs and the suppert ol such people and Ihe publication of the useful results of Ihe same. harilable A¢tlvbtles Style Acre supports 269 adullj vilh learning disabililiei and autism acroJ# Oxfordjhiie. People we 8UPPOrt may have mild. moderate or severe and Pfolound learning di5abllities. Style Acre works closely wilh ils 3i•tef charity Acre Mouslng who provlde specialised houslng lor Jome of the people Supported by Style Acre. At March 2025. 112 people were accessing SUPPOrt from our supported living care learns in 39 households. In additiiin, 35 people vtho live rn0￿ independenuy or wilh Ihelr famlly In the ¢ommunity y￿re supported from their homes by our community support leam. People are supported lo participate in the acts'vities of their choice in Ihe communlty and can access our day opportunltle5, wvrk programme and soclal ènierprl$es. Approximalely 95• of our househol(ts have 24-hour c•re. 1 $7 people attvnded our day opportunltles ai March 2025. Our day opportunitie$ includ¢ three community hubs in Ihlallinglord, DidGot and Banbury. a shared rnarkel 9arden in Wanlage and a Work Programme. We also operate social enterpffses to provkle work opportunlties for people we support., Ihese being Catering (Nduding the Style AC￿ Tea Room In Ble*bury). Retail (jnclvding the Style Acfe Charity Shop in Wallinglord). sustainable medal making and Green Acre (our garden mafftlenance bu$ine$sl. We focu$ ¢)n promoting and deliveiing accessible wellbelng acllvltles IOT the people we support and oui employees Ihrough our Way$-tO•Wellnes9 project. STRATEGIC REPORT Achlev•menl and performance Operaling review Style Acre has had a ¥ery busy and actlve year *ilh the people we support taking part In a wide variety of adNrties, hobbles. opportunliies. ouungs and holidays. The people we employ have gone above and beyond to provkle supportive. creative and dynamic enwronments for all of the people support lo enable them to fulfil their potential and INe the lrfe they choose. Page 3 STYLE ACRE TRUSTEES RÉPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Achlevement and perfomianc• Operating review (conlinued) The people we support have had tho opportunity to work in fulfilling jobs, Team new skills. engage with Iheir natural environmenl and focus on Iheir health and happine33, Thi¥ has enabled people to 9ain th• independence, 8kiHs and connects'ons Ihal make for a good. purposeful life filled W￿1h gmiles and Joy. These opportunities have been made possible through gieal support from our leams, our W(wk Piogramme, our Gardening Piqect and our Ways.to.Wellness Programme. Our Work Programme removes barriers lo employment fa￿d by adults leaming di5abililie5 by providing employmenl support to those waniing to work or volunteer. A$ a result ol the programme. approx. 122 of the people we support undertake paid or volunlary placements either wthin Style Acre or with local companies. Our gaTden project at Wantage Marf¢et Garden has continued to offer opportunth'es 1.1 and group activits'es lor the people we support wothing alongs¢de olher community groups. Our soclal enlerprises have conlinued to develop during 'lhe year offerin9 a ￿der range of wwk placements. Caterin9 has expanded from Ihe Tea Room in Blevknury to now offer external catering,. Ihe Retail offering has grown Irom the Charity Shop In Wallln9ford to now indude other retall platforms includin9 Vinled: Green Acre has increased the days it offers gardening 8er¥ices: our suslainable medal making social enterprise has seen significant grovrth duiing its second y¢aT of operalion. This has increased the vari¢ty and accessibilrty of Ihe plaGements available allowing more of the people we support lo access Ihe benefils work opportunities bring. Our WaYs-l￿wenness projecl ha8 continued to go ffom strength to strength during the year %*ith many new opportunities and aclivib'es being offered. We encourage the people we empby and the people we support to reflKI ￿al wellbeing means to them, considei how they can improve their wellbeing. sel goals, lake action. and inspire others by sharing their experience5. People trte support and employ play a key fole in the projecl Sleering group io plan evenls and adivities and by volunteering al sessions and evenl5. The activities offered as part of the Wayg-to-wellness programme have Continued to grow during the year and include gym, karate, tennis, silenl disco, foolball, cricket, meditats'on, Zumba. accessible cookiry. Sensory gtorytelling 8eg5iong, bell boating, triathlon, r•bound Iheiapy. connecl and Greate. mu$1¢ and dance, swimming. cycling. canoeing and a wolking group. Our mental health programme has conb'nued lo deliver mental health awareness training and we now have 31 Wellbeing Buddies across all ol our seryices are Irained in menlal health fir$l aid. We have also continued to work in partnerships bvilh several Ihird partie5 OTganisalion5 to create furthef opportunities to enhance health and happiness of the people w￿ support. Several fijndraising evènts have been held during year including a fundrnising summer soire•, Stoe Acre's Got Talent. Rock-and-Roil Bingo. and ouw annual Santa Dash. We have also fundraised 81 a number of community events and been supported by a number of organi5ations in Dur community. The people we support and our supporters look part in Ihe Superhero Tnalhlon, ran the Blenheirn 7K, and the Oxford Half Marathon lo ralse lunds for the Charity. Publlc b8neliY Any adult with a leamtng disability andlor autism can be supportèd by Style Acrè. We support adults vkno also have other conditions in additson to iheir leaining disatiililies. Th¢se include sensory irnpairmenl, dementia, and other menlal health issues. Access to our ser¥ices is via a local aulhority social worker. Gare manager referral. or a direct referral fr￿fi ihe individual or their family. We use our charitable fijnds to provide addi1ional services. which are not OtheTh￿Se publicly funded. lo enhance the lives of people th disabilities. These indude accessible vehicles. our Work Programme, the Garden Projed, the Way$-tO•Wellness Programme. commurucalion support, the provision of infom7alion le¢hnology and training. friendship groups and ¢omrnunity developmenL Page 4 STYLE ACRE TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The charity has a lulty ovmed subj￿Iary, Style Acre Trading Limited, through vknich it c•rries out a number of tradtng enterprlses (social enterprises) and a150 delivers some ol its charitable obj'ectives, such as work trainin9 opportunitse$. The taxable profits of Style kre Trading Limited are donated under Gift Aid to Style Acre. In preparing these financial $ialements and their report, Ihe Twstees confimi that they have had regafd to the Chaiity Cornmi99ign'g guidance on public benefit and that thty congider thal Ihe obJeGliv¢8 and aGts'wti¢s of Style Acre have hislorically and conts'nue io lall V•ithin the scope ol that guidance. Financlal revlew F￿anCIal perfomian¢e Income ha5 increased from £11,987.934 last y•ar to £12,662,297 Ihis year Ythich indud•s donations and pledges in the yaar of £482,243 (2024.. £423,574). Our Supported Living and Day Opportunities services are funded through grants from loGal councils and by local aUth￿lty contracts and direct paymenls. Income from Ihese aclivities totaled £11,685,650 in the year (2024.. £11,077,055). The Truslees are gatisfied knal our genefal fund, bthich totals £572,374,12024.' £789,678). is at level that will sustain the chaity for the loreseeable luture as •trong financial management is in place wlh Current and future lunding be￿9 iegulafly re¥iewèd by Tru¥lees. Tot¢1 reserves a￿(￿nI to £2.738,38412024: £2,915.135). ReseThes policy The chaiity's policy is to mainlaln available unrestricted funds *, or around, a l•v•l which •nabl•s th• ongoing activitie$ of Ihe charity lo be lunded lor a peiiod of approximalety two months lookin9 lofward. This amounts to £1,680,098 {2024.' £1.891,921). In dete￿Ining the level ol fundg required, consideration will be given to planned expendilure, Ihe capilal expendilure programme. anlicip•ted revenue stieam$ and the iisks and effe¢ts of any contin9encie$. The Trustees are happy that keeping two monlh5' n￿nIng C05t5 in available reserves Gonlinues to be a sensible policy. *)proximately 95.70h (2024.. 88.4%) of the available funds could be realised by cash or Ihe liquidation or listed Investments at the year end. The Tru8tee• have revlewed the des19nallons made out of rtl Unfeslrlcled re¥erv•3 durln9 the year. There have been no changes in the year lo the Olher deS￿nated reseNes, reserves contlnue lo be In place for: SABRe bulldlng In Banbury - fLrture repairs and malnlenance. The Ireehold of the SABRe bull dlng 15 o*ned by our tradln9 subsldlary. Slyle Acre Tradlng. lel out parts of ihe bulldlng. As part ol Ihelr leasehold management tharge, Style Acre Tradln9'5 tenants make a payment towards future repalrs and maintenance cosls, *hi¢h consequentially increases Slyle Acre Trading's taxable profits. paid away under Glft Ald. Style Acre Tradlng 19 therefore unable lo relain fund on their balance sheet. Th¢ Truslees consider It prudent thai the slnklng lund balance Should be hekl aslde b%rfthln Style Acre's reserves. Main Offlce and Day Opporlunfty Hub - a designaled reservo Is held for ihe cosls assoclaled wlh a new rnain office building and day opportunity hub. The lease on our main offices and the Turnstyle day opportuntties hub at Hovknery Park ends in Oct 2025. Discussions continue with our landlords as well as oiher opportunilles Investlgaied for Ihe longer lerm. 11 Is anti¢ipaled that the lease wll be extended In Ihe short term while a new building is lound and developed for Style Acre. The Trustees conslder il appropriate to hold a designated reserve of £600.000 (2024: £600,000) io fund Ihe luture costs assfKiated vAlh thls new bullding. £700,000 loan made to Style Acre Tradfng fof the purchase and relurbishment ol Ihe SABRe building in Banbury As oulllned above. the Trustees and the directors of Slyle Acre Trading are agreed Ihat the intention ol the payments made in 2014-15 and 2015-16 by Style Acre vftre as a loan rather than a gift. The loan 1$ repayable by Style A￿ Tradlng io Style Acre In Ihe everrt Df a dlsposal of Ihe buildn9. Due to the long term nature of the loan. the reseryes reFYesented by the loan deblor aTe effectlvely lth'quld. Page 5 STYLE ACRE TRUSTEES. REPORT (CONTINUEOI FOR THE YEAR ENDED 31 MARCH 2025 Replocement of fixed assets - The purpose of Ihe re$eThe is to set aside sufficient funds for Ihe replacement ol assets. particularly motor vehicles. as they either fail or become beyond econ(irnic repair. The balance designated of £316.11812024.' £304.743) provides funds lo replace as$ets. Inveslment polKy and ob18eiives The charity's investment policy is to maximise the funds available to the charity to further the aimg ol the charfty while limits'ng the risk-profile of the investments. 11 airns to invest in fijnds lttal are ethical￿ and environmentally sound. Investrnenl income for the year ended 31 March 2025 amounted to £44,362 (2024.. £43.722), comprisin9 interest and dividends receivable d £11.466 (2024.. £10,264). and £32,896 (2024: £33,508) from invested lunds. The value ol the fund has been increased by £6,90712024.' £50.824) in the year to 31 MarGh 2025. Page 6 STYLE ACRE TRUSTEES, REPORT I¢ONTINUED) FOR THE YEAR ENDEO 31 MARCH 2025 STRATEGIC REPORT Flnaneial rnvlew Pnncip81 iisks and uncertainlies The Trustees consider that Ihe principal risks and uncertainties lacing ihe charity are.. 1. Th• ¢habSen9• ol staff recruilrnenl T¢l•nlKJn in our local eronomy vknich i• predominately an wea V•iih many alternalive job opportunities. low unemployment, and relatI￿lY high lI￿n9 ¢o$18 helghtened by the currerrt co$1 of living Crisis.. 2. Vacancies in households and the lenyth of time it may take to identfy and settle new household rnembers; 3. The continuing pressures on public spending, with the local authority being unable to adequately address the financial pressures which we face over staff ¢031$, increases in nats'onal insurance and inflation,. 4. Re-a$sessmenls of Ger¥ice users, needs by Oxlordshire Social Services which reduce the financial Support provided for currenl support packa9e-, 5. The availability of suitable affordable properties lo enable us to deliver a high quality. sustalnable service: 6. The proportion of Ihe work we do, parficularty within day opportunities. Vlhich relies on malehin9 d¢￿atIOn and grant inGome: Qur future plan8 Jr¢ de5c￿bed below. Ow $trategle$ to manage Ihe risks above are.. To continue lo reciuit and relain the bes1 quality staff that we can aff(Yd. in particular using existing staff as part ol our recruitrnenl effort: To involve all colleagues in helping to ¢ontrol expenditure. eapecially for the usage of agency Slaff.. To have a clear picture of the household arè lrying lo ejtabllsh and the need$ are seeking to meet vknen planning for new 5eNices; Risk assessments and acllon Plani conlinue managing the impact of evenls. Futur• plans The Trustees feviewed their strategy during lh• prior year. r•Julling in the Board adopb'ng a new 3-year strategy though lo 2026. Oelails ol the updated stralegy were shared v•ith lh• Truslee8 ol Acre Housing, due to the close relalionship bolh chanlies maintain and because ol Acre Hou¥ing'8 Importance as Ihe o*ner ol so many ol Ihe properties *fiefe provide support. Acre Housin9'8 Trustees have sel the provision of new supported properties to be lenanled by households supported by Style Acre along•ide th¢ development of the current portlolio as their cor¢ gro%￿h lof the neMI lew years. Over the ¢oming year, our mulual focus IMM be developing properties currently in the porilolio lo better meet the needs of ihose living in Ihem and consider new propern'es to allow Current support prowded lo be improved. Given Ihe current strains on recruitment, no oddilional ser¥ice$ are pk7nned as VR fo¢u$ on m?inl•'ning the quality of support provided in curient ser4ices. Acre Housing plans to purchase • new property to allow irKlividua19 that are currently supported by Style Aeje in properties rented from a third party landlord lo move lo Acre Housing pr¢)perties Ihat will better sUPPOrt their needs in the longer term. Style knre will celebrate il's 30 year anniversary in Ihe Mming year with a number ol event$ and projects. This will include fundraisin9 events such as '£30k tn our 30th y¢ar°, encouraging people to take on challenges. and vaflous evenls Including a celebratlon picnic, 'Together In Textiles" (a Collat￿ratIve art proje¢1 ro commemorate 30 years of Style Acre) and an exhibilion ol Art. Our social enterprises and day opportunilies Ihill be a key locus durir)g the coming year. We plan to look at how we can develop our day opportunity offering and e31ablish new social enterprises. This will inciease the range and number of work opportunits'es are able to offer. allowing more ol the people we support ID learn new skllls and benefit from Ihe placements. The Ways•l¢>Wellnes$ programme will continue to fom) an inlegral part ol Style Acre in the comsng year. The wellbeing adivities. mental heatth training. and ￿t[lnesS offering already in place are planned to continue ak)ngside new opportunib'es and aGlivitie$ to be added Ihroughout the year. Page 7 STYLE ACRE TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2025 The environmental impact of our a¢ts'viiies continues to have been considered w￿ety at Style Acre. The work already started on the developrnent of an environfflental policy is set lo Gonts'nu¢ in the coming year. Our social enterprises and events *ill continue to consider the environmental impacts of their actwth'es. The lease on Ouf main offKes and the Turnstyie day opportunities hub at Hovloery Park ends in Ocl 2025. DI￿￿$910n5 conlinue *ilh our landlord5 as well as other opportunilies invests'gated lor the longei tern. It is anticipated that the lease wlll be exlended in the short lenn *thile a new building is found and developed for Style Acre's requirements. Regular management $es$ion3 afe held and updates prO￿ded to the Trustees to engufe Ihat appiopriate and tsmely decisions can be made. Thi8 15 especia15y needed in response to the ￿fffjnt uncertain srtuats'on and environment. Regular rnanagemenl reportm9 and cash flow moftiloiing ensure thal inlormation is available to support tsmely decision rnaking. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•mlng documenl The ¢harily is controlled by its governing document. a deed of Irust and congtitules • limiled cornp•ny, limited by guarantee, as defined by the Companies Act 2006. Structure and Managemont Style AGfe is run by a Board of Tw$t¢￿. are responsible for the strategic direclion ol the chwity. They employ a Chief Exe(xrtive, Ntho, together vath Ihe Operations Director and Finance Diraclor, i• rniponsible for dell¥ering Ihe oblecls of the charlty. New Trustees are appoinled by the 8oafd and all Truslee$ musl be at least 18 years ol age and capable ol managing his or her own aftairs. Each Trustee shall oller his or her res￿nation to the charity on the expiry of Ihree years Irom the date of their appointment stalin9 that he Of she wishes to retire or Gontinue for a lurlher peimxl of 3 years. AJI Trustees are required lo have a Disdosure and Barring Sgp4ice IDBS) check and a protection of vulnef•ble adults check on appoints￿ent and then every 3 years. The Tw5tees have a wide range of skills pertinent to the chafrty. In addilion. Trustees are assigned as 8oard "Leads" on specific issues (such as safeguarding) to ¢n$ure adequate Board over-sight on these crilical issues. This also allows for coaching and mentoring support to managers. Trustees are able lo enhance their knoYAedge of the charity through this front-line experience. All Trugteeg give thelf liffle voluntarily and expenses may be paid. No expenses were paid duiing the year ended 31 March 2025 (2024.. £nil). The Board meets on a iegular basis, cuffently four times annualty Véilh a separate strategi¢ re¥￿¥ meeting. At each regular meeting. the Chief Executive presenls lo the Board an overall report on our K)rk. The 8oard also receives management accounts and analysis frorn Ihe Finance Director lo enable them lo monitor our financial posilion. Reports from the Operations ￿'rectOr, ¢overing operats'onal perfomance and irnfomialion concerning Ihe people we support. and from Ihe Chair ol Twslees. coverin9 governance. ar¢ also provided to Ihesg meebngs. This enables ihe &oard lo ensufè they are fully briefed on issues relaling dire¢lly to ow ser¥ic4 usefs. The Board also approve Ihe charilys annual financial budget In advance ol each financial year. The Board of Trustees review annualty the Articles ol Association and our aims and objectives. We assess our effeckn'veness and achievements through an ar￿Ual appraisal process vthiGh informs our dectsions on vthich activrties must continue and what else we could do to enhance the lives of people we support. The Chief Executive and Ihe Board rèview ihe benefits Ih8t our activillej have br¢)ughl to Ihe people we suppart 8nd th18 helps us to slay locused on our key objectives. The charrty normalty operates wilhin a 5-year strategic plan, wthich ensures all Qur activities refie¢l the charivs objecls and progregs can be effectively monitored and evaluated. Because of the current un¢ertainties in the extemal enviionment, the Boaid has decided th* the current stralegy bwill only cover a >yeaf12023-26) peiiod. Page 8 STYLE ACRE TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENOED 31 MARCH 2025 STRUGTURE, GOVERNANCE AND MANAGEMENT Inductlon and trnlning ol Irustees All Iruslees are encouraged lo undertake ongoing training as appropriate. New Trustees are given J job descripiion. an inducfr'on into the working of the charity and provided %Mih tr8inlng if required. Tru5tee5 afe encouraged to gel to knov• the people we 5UPPOrt and our slaff. Risk management The TnJstee5 have a duty to identsfy and review ihe risks lo *thich Ihe charity is exposed and to ensure apwopriate wntroJ• are in plaG¢ te provide reasonabl• assurance agangl fraud and eryor, The Chlef Executive is responsible lof undertaking an annual risk assessmeni of the charity and for drawryng up risk management plan for the Board'9 re•￿eW and approval. Wherever possible. appmpriate ct)ntrols and procedures are put in place to mitsgate the risks. The charity also employs the seryicls of a Heallh and Salety and Human Resources ¢onsullancy in order lo ensure our compllance I￿1h applicable leglslalion. ￿ malnlaln awareness of bell practice and to prolect Ihe wellbeing of its employees, volunteers and Ihe people we support. Pa9e 9 STYLE ACRE TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR EIIDEO 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trnslees who are also the directors ol the Charity lor Ihe purposes of company lawl are responsible for preparing Ihe TnJ$tees' rep¢)rt including ihe Strategic report and the fmancial statemenls in accordance wilh appficable law and United Kingdom Accounting Standard5 (Uniled Kingdom Generaty Accepted Accounts'ng Pfaclice), Cornpany law requires Ihe Trustees 10 prepare financial statements for each financbal period. Under company law. the Trustees musl not approve the financial stalements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charty and of their incoming resources and application of resour¢e$. including their in¢ome and expenditure, lof that period. In Pfeparing these financial ststements, the Trustees are required lo.. selecl suitsble accountin9 policies and then apply Ihem conslstently: observe the methods and principles of the Chanties SORP (FRS 102): make judgemenls and accountin9 estimates Ihat are reasonable and wudent., stale whether applicable UK Accountin9 Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the flnanclal slaternenlg; prepare the financial statements on the going concem basis unles$ il 18 inappropnale to presume Ihal the company vlill continue in business. The Trustees are responsible for keep•ng adequate accounting records ihal are sufficient lo show and explain the GTOUP and the Charity's transactions and dlsclo$e V4ith reasonable accura¢y al any lime Ihe finanGial positron ol ihe Group and the Charity and enable them to ensure Ihat the finbncial slalemenls comply v4ilh the Companles Acl 2006. They are also responsible lor safeguarding the assets of ihe Group and Ihe Charty and hence for taking reasonable steps for the prevention and detects'on of Iraud and other irregularities. Disclosuro ol Inlonnatlon to audltor Each of the persons who are Trustee& at Ihe time when this Twslees, report 15 8pproved has confirmed Ihal.. so lai as that Trustee Is aware. Iherelg no relevanl audlt Infom)ation of whlch Ihe charitable group's audltor Is unaware. and thal Truslee has taken all the steps Ihal ought to have been laken as a Trustee in lyder to be aware of any relevant audit information and to eslabltsh that the charitable group's auditor is aYAre of that informatio Audltor In accordance wlth Ihe Companles A¢1 2006. a resoluilon proposing Ihe appointment of James Co¥wer Kreston was submitted to Trustees at the Annual GeneTal Meeting on 19th September 2024 and was caffied unanimousty. Jameg Cower Kreston Audii. will be proposed for re•appointiiient at the forthcorning Annual General Meets'ng. Approved.b erof mbers of the board of TNstees and sgned on their beham by". Mr N A Rawsthome Trustee Date.. Ig Sof6 Page 10 STYLE ACRE INDEPENDENT AUDITOR'S REPORT TO THE MEIIBERS OF STYLE ACRE Oplnlon We have audited the financial slalernenls ol Style Acre (the 'parent charitable companl) and its subsidiaries (the 'git)up') for the year errfled 31 March 2025 Ithich compn.se the Consolidated stalernenl of finandal acts'vilies. the Consolidated balance Sheet, the Charity balance sheet, the ConsolKlated statemenl of cash flows and the related notes. induding a summary ol significant accounting policies. The financial reporting Iramework that ha$ been applied in their preparation is applicable law and United Kingdom Accounung Standaid5. including Financial Reporting SlandaTd 102 'The Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland, (United Kingdom Generally Accepied Accounting Practice). In our Opini￿ Ihe financial statemenls.. give a true and lair view ol the state ol Ihe Group'$ and of th¢ parenl chaiitable companV$ affalrs as at 31 March 2025 and ol the Group's inGomin9 resourwth and application ol resoU￿e5, including rt$ income and expenditure foi the year then ended., have been property Pfepared In accordance *ith United Kingdom Generally Accepted Accounting Practs'ce.. and have bèen prepared In a¢¢ordonce *ith In• requirements ol Ihe Cornpanleg Acl 20U6. Basi8 for opinlon We conductèd our audit in 8c¢ordance ￿th InternHJtional Siandards on Auth'ting {UK) {ISAs (UK)) and applicable law. Our resp¢nsibililie6 under those standard$ are lurthef describgd in the Audllorfs responsfbilitie$ for the audlt ol the financial stalemenls section of our report. We •re independenl of Ih¢ Group in accordance vilh the ethlcal requirements Ihal are relevant to our audit of the financial statements in the United Klngdom. ifflcluding the Fwiancial Reporting Council's Ethical Standard, and he have fulfilled our other ethical respon$ibiliti'es In accordance wlh Ihese requirements. We believe that Ihe audit evidence we have oblained is Sufficient and appropriate to provide a bagis for Ouf opinion. Con¢luslon$ f•latlng to golng eon¢ern In auditw)g the financial siatementj, we ha￿ concluded that the Tru5tees' use of the going conGern basis of accountsn9 In ihe prepofaiion of the finandal $latemenls15 approprlale. Based on the work we have performed, ￿ have not Klenlified any material uncertainties ielaling lo evenls or condition5 thal, individually or colleGlively. May cast significant doubl on the Gfoup's or the parent charitable Company's alm'lity lo coniinue as a 90in9 contern for a period ol at least Iwelve months from when the financlal statements are aulhorised for Issue. Our respon5ibi*ties and the responsibilities of the Trustees vlith respect to going are descrl)ed in the relevant secbons ol Ihis report. Page11 STYLE ACRE 114DEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF STYLE ACRE Nat curr•nt a•8•ts 965,463 1,086,410 Tot•1 assets1••g cuff•nl Ilabllttl•$ 2.781,762 2.936.801 Total n•t ••s•t• 2,781,762 2,936.801 Charlty lunds Reslricled funds 16 238.149 2.543,613 207.476 2.729,325 Unreslrfcted funds Tolal fvnds 2,781,762 2,936.801 The Tru$lees acknowledge Ihelf fesponslbllllles fol cOmpl￿n9 wfth the requlrement$ of the Act V•ith respect to a¢¢ountlng re¢ords and preparation of financial slatemenis. The financial Stsiements were approved and authorised for issue by the Trustees and 5KJned on their behalf by". r I C Boullon Tru$lee Oate,. Mr N A Rawsthome Trustee Ig SofL The noles en pages 18 42 fonn part of these Ilnanclal slatements. Page 16 STYLE ACRE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Nol• Ca•h flows from oporating aGllvitl•8 Net cash gen•raied from operating actiwtie$ 20 {54.•101 148,546 Cash flows fiom In¥￿tIng activili•s Dividends. inlerests and rents from Investmenls Proceeds fiom the sale ol tangible fixed assets PurGha¥e of langible fixed assets 44,362 43,772 14.689 fj,528 166,976) (222,295) Net eash used In knvestlng actlvttles 17.924) 1171.995) Ca•h Ilow• Iroffl Iln•n¢lng aGllvlll•• Bank charges paid (8,668) 113.2SO) Not cash us•d In fiMn¢lng a¢tfvitle• 18.668) 113,250 Ch•ng• In ¢•sh and c••h •gulvalenls In th• y••r Cash and cash eqLMvalenis at the beginnin9 of Ihe yeaf (71,472) 615.903 136,699 652,602 Cash and c••h •quival•nt• at lh• and ol the ymr 21 $44,431 615,903 The notes on pages 18 to 42 lorffl part ol these finan¢lal slatemenis Page 17 STYLE ACRE NOTES TO THe FINANCIAL STATEMEIITS FOR THE YEAR ENDEO 31 MARCH 2025 Accounlin9 pollcles 1.1 Basis ol pieparntlon of finan¢lal statements The finan￿al siatemenls have been prepared in a¢cord•nce ihe Chaiities SQRP (FRS 102) - Accounkn'ng and Reportlng by Charrties.. Statemenl ol Recommended Pr8¢tlce applJ'¢able to ¢hairtie¥ preparing their accoun15 in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland (FRS 102) {effecb've 1 January 2019). the Fthiancial Reports'ng Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Style Acre meets the definition ol a public benefil entity under FRS 102. Asse15 and liabilities are inillally recognised at historical cost or Iransaction value unle$s olher%*lJe stated in the relevant a¢¢ountsng policy. The Consolidated slatement ol financial activities (SOFA) and Consolidated balance sheet consolidate Ihe financial statement5 01 the Chanty and its 5ub$idiary undertaking. The iesulls of the subsidiary are consolidaied on a line by Ime basis. The Charty has taken atfvanlage of Ihe exemptit>n allowed under section 408 01 the Companles Act 2006 and ha5 nol presented ils o¥yn Slalemenl ol financial acilvrties in Ihese financial statements. 1.2 Incom• All income is iecognised ornce the Charity hès enlillement lo the income. St is probable that the income will be received and the amount ol income ieceivable can be measured reliably. 1.3 Exp•ndltur• Expendilure 13 recognised once there is a legal or ￿nStrUcts.Ve obli9alion to transler economic benefil to a Ihird party, il is probable that a Iransfer of economi¢ benefits V•ryll be required in settlement and the amount cf the obligalion can be measured reliably. Expendilure is classified by activity. The costs of eath activity ale made up of the lolal ol direct costs and shared cosls. includlng Support cos1$ Involved in underlaking each activity. Direcl co315 attributable io a sin9le acllvity are alk)caled directly to that activity. Shared costs whl¢h canlribute lo more than one aclNity and support costs which are not attributable to a single activity are apporlit)ned between those activilies on a basis consistent with the use ol re$our¢es. Central $lall cosls are allocated on the basis of time $pgnt, and depr¢G1•t￿n thaig¢¥ allocated on the portion of ihe asset's use. Expenditufe on raising funds indudes all expenditure incurred by Vie Group to raise hjnds for its charitable purposes and includes Costs ol all fijndraising activities events. Expenditure on Charilable actsvities is in¢urred on direcuy undertaking the acli¥ilies further Ihe Gfoup's obiectives. as well as any 0550Gialed gUPPOrt costs. All expenditure is inclusive of irrecoverable VAT. Expenditure on charitable acbvilies is incurred on direclly undertaking Ihe aclivilles wfiich lurther the Group's objectives, as *pll as any associated support costs. 1A Taxatlon The Charity is considered 10 pass Ihe lesls set out In Paragraph 1 Schedule 6 of ihe Frnance Act 2010 and tsrefwe it meets the definitson of a charrtable company for UK corporation lax purposes. Accordingly. the Charity is potentialty exernpt from laxalion in re$ped of income or capilal gains ieceived ￿1th1n calegories covered by Chapter 3 Part 11 of the Corporation Tax A¢1 2010 or Se¢lion 256 of the Taxats'on of Chargeable Gain5 Acl 1992. to the extenl Ihat such in¢ome or gains are applied exclusively to charitable purposes. Pa9e 18 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢counllng pollcl•$ (contlnued) 1.5 T•nglbl• fixed asJ•ls and d•pr•GlJtlon Tangible fixed assets are iilltialty recognised at cost. After recognition. under the cost model, tangible fixed assets are measured at cost less accumulated deweciation and any accumulated impaifmenl losses. All ¢osl$ in¢ufred to bring a tangible fixed a$$et into its inlend•d working ondriton shoukl be included in the measurement ol Gosl. Deprecialion is Charged so as to allocale Ihe cost of tangtble fixed assets less their residual value over their estimated useful lives. Depreciation is provided on Ihe following bases. Long-tèrm lea$ehold property Short-term leasehold property Motof vehicles Fixtuies and filtin9S Compulef ¢quipment over the peilod of Ihe lease IO•A slraighl line - 20% on reducing balance al varying rales on c05t - 25% on reducing balance Depreclallon has nol been provided In respect of freehold property wfiich 13 held ￿thIn Style Acre Trading Limited (subsidiary company). The Group adopts 8 policy of ful￿ maintaining its bulldlng$ and as suth the residual value is 50 hb9h and the expected useful lrfe is $0 long. Ihal the deprecialion charge V4vuld be immalerial both in temis of Ihe deprecialion charged for the year and the cumulative ¢harge to the balance sheel. The bulldings are revlewed annualty for any 819Th$ of Impaimient by the Injslees. Item5 included in fixed assets are capitalised *there the pvr¢hase cost exceeds £1,000. Mthere the expendilufe 1$ deemed to add to Ihe market value of the pToperty. 1.6 Inv•stm•nl• Fixed a5sel inveslments are a fom ol financial instrum￿1 and are initially recognised at thelr transaction cost and wb5equently measured at fair value at the 8alarKe sheet dale, unle¥s the value cannot be measured reliably In Ithich case il is meassjred at cost less impairment. Investmenl gains and losses, vthether realised or unrealised, are comkn.ned and presented as 'GainsllLosses) investmenls, in the Consolbdated slatemenl oi financial ocb'vities. Investments in wb¥idiarie> are valued al cog1 less provision foi impairment. 1.7 Cash at bank and In hand Cash at bank and in hand includes cash only. 1.8 Liabiliti•• and provl•lons Liabilities are recognised byhen Ihere is an ol)h'galion at the Balance sheet date as a result of a pasl event. it is probable that a transfer of economic benefit wll be required in settlement. and the amount of the settl¢rnent Gan be eslimated reliabty. 1,9 Flnanclal Inslruffl•nts The Group only has financial asset$ and financial liabilities of a kind Ihai qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequentty measured at their settlement value. Page 19 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 MARCH 202S Accounllng pollcles 1.10 Op•r•lin9 lu• Renlals paid under operaling leases are charged to the cons￿ated stalernent of financial activities a straight line basis over Ihe lease term. 1.11 P•n•lon• The Group operates a deflned contribu11on pension scheme and the pensw eharge represents Ihe amounts payable by the Group lo the lund in ￿SpeCt of the year. 1.12 Fund ac¢ounllng General lunds are unreslrleled lunds %%thlch are available lor use at the di$uelion of Ihe TnJ$tees In furtherance ol Ihe general obj'ectr'ves ol the Group and vA)ich have not been designated lor other purposes. Designated funds comprige unrestricted fund8 that have been sel aside by the Trugtees for particular purposes. The aim and use of each designated fund 15 sel out in the notes to the financial slalements. Restricted funds are funds which are lo be used in accordance ¥￿th specific restrictions imposed by donors or have been raised by the Group for particular purposes. The costs of raising and adminislerin9 such funds ar¢ charged against the specific fund. aim arKI use of each re¥tricled fvnd is set out in tr¢e noles to the financial stsiemenls. Investment income, gains and los￿$ are allocated lo the approprlate fund. 1.13 In kind lundlng and support The ¢haiity ben¢frts Ifom the ser¥ir2s ol volunleer$ spend mary houfs managlng Ihe Charlty. The trustees are of the O￿nIOn Ihal Ihe volunteers. $eNces are not ieasonabty quantifiable or rneasurable and Ihergfore no cost Is represented in the financial statement5. Crltl¢al accoundhg •sllmatos and ar•as of Judgm•nl Estimates and judjrnents are conlinually evaluated and are based on historral ejtperience and other laclor$. including expectallons of luture event5 that are believed to b¢ reasonable under the circumstances. Crrtical accountin9 Estimates and assumptions". In tho appliGalion of the Charity's accounting policie8, the Trustees arg requir¢d to make judgments, estimates and agsumptions about the Car￿n9 amount of 8sse13 and li•bililies not readily apparent from olher sources. The eslimales and a550ciated assumptions are based on hislorical expenence and olher factors that are considered to be relevant. Aelual results may differ from these esbmales. The Charity makes eslimateg and assumpts'ons conceming the future. The resulting accounting egtimates and assumplion$ wll. by definilion, seldom equal the related a¢tual results. The estimales and assumplions that have a signifi¢ant risk of causing a malefial odjustmenl to the ¢orrying amounts of a$seis and l￿bilItieS wilhin the nexl financial year are discussed below. The mosl significant estimales and assumptions Yknich affect the carrying amount of each assets and liabilbties in the a¢counts relates to depreciats'on ￿ttl¢h t5 covered in nole 1.5. Page 20 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Incom• from don•ts'on8 4nd1•9a¢l•* Restricted Unr•stri¢ted funds funds 2025 2026 Total lund$ 202S Total funds 2024 Donatlon* and grant8 Other donations Arts Proiecl Style Acre Dlscrellonary funds WO￿ Development Garden projects Supponed LI￿n9 Social Enterprlses Day Opportunliies - General Way$ lo Wellness Vehicle appeal 297,309 297,309 2.000 40,135 S8,833 25.108 1009 8,67S 21,8S7 14,317 12.000 265,089 2.000 40,135 58.833 25.108 2.009 8fi75 21,857 14.317 12.000 e3,333 4.600 32,644 1,191 15,717 41.000 Total Donalloni and GfantA 184.934 297,309 482,243 423,574 Total 202S 184,934 297,309 482,243 423,574 Total 2024 158.485 265,089 423,574 In¢om• from ch•rft•bl• a¢llvlt199 Unr•strlcted lunds 2025 Total funds Z025 Tolal lunds 2024 Support feeg Opportunitres Income 9.775.397 1,910.253 9,775.397 1.910,253 9.243.481 1.833.574 11.685.650 11.685,6SO 11.077.055 Total 2024 11,077,055 11,077.055 Page 21 STYLE ACRE NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR EMDED 31 MARCH 2025 Inv•91rn•nt Incom• Unrestrfcted funds 2025 Total funds 2025 Total funds 2024 DI￿dendS from fixed asset investments Bank inleiest receivable 32,896 11.466 32,896 11,466 33.508 10.264 44.362 44.362 43,772 Total 2024 43,772 43.772 Othor Incoming r•sourc•• Unr•stflcled lund$ 2026 Total funds 2025 Total funds 2024 Other in¢om• Trading income 94,200 355,842 94,200 355.842 114.266 329.267 Total 2025 450.042 450,042 443.533 In 2024 lotal income of £443.533 was unrestricted. Page 22 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expendlturn on ralslng fvnds Ralslng lunds Unrogtri¢tsd fvndg 2025 Total funds 2025 Tolal lunds 2024 General expenses Staff costs 23.008 65.356 23.008 65.356 24,254 57.324 88.364 88.364 81,578 Totsl 2024 81.578 81.578 Analy•l• of •xp•ndltur• on ch•rlt•blo acdvltl•s Summary by fund typ• Ro8lrlcl•d Unr••trlct•d funds lund8 2025 2025 Tot•1 2025 Tolal 2024 Support Opportunllles 96.224 58.037 9,774,998 2,828,332 9.871.222 2,816.369 9.424,557 2.653,981 T¢>tal 2025 154,261 12,603.330 12.7S7.591 12,078,538 In 2024 total expenditure of £204,463 vrns reslricted and £11,874,075 wa6 unrestrlcled. Page 23 STYLE AGRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analy919 of •xpenditurn by aciivlllos Gov•m•nce cwts 2025 Total funds 2025 Total lunds 2024 Dir•tt costs 2026 Support Opportuni15es 9,857,092 2.876.388 14,130 9,981 9,871,222 2.886.369 9.424.557 2,6S3,981 Totll 202$ 12,733,480 24,111 12,757,S91 12,078,538 TaLI12024 12,058,322 20,216 12.078,538 Analy61$ ol dlr•Gt costs Total lundg 2025 Total funds 2024 Supptjrt Opportunities 2025 202S Staff costs Depreciatlon Premises Computer ¢0gls Miscellaneous motor expenses General expenses (Gainyloss on disposal ol tangible fix•d •sset• Bank charges Purchases 9,121,476 39207 114,938 106,277 65,618 400,133 4,598 4.845 2,104.339 11.22S,815 10,600.325 52,125 91,332 84,280 302,071 417.009 371,878 28,569 132.846 139.150 114,770 180.388 172,593 198,189 598.322 590,461 3,166 7.764 15.562 3.869 8,714 13.250 71,290 71.290 70.823 Total 202$ 9.857,092 2,876.388 12,733,480 12,058.322 Total 2024 9.413,750 2.644.572 12,058.322 Page 24 STYLE ACRE NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2025 Analysig ol expenditurn by actlvttles (contlnuod) Analy$lg of Support costs Total lunds 2025 Total lunds 2024 Support opportunlll•s 202S 2025 Auditors remuneration ditor$ remunera￿On - non •udft fees 14.130 9.391 590 23,S21 590 19,646 570 Total 202S 14.130 9,981 20,216 Total 2024 10.807 9.409 20.216 10. St•ff cost• Group 202S Group 2024 Charity 2025 Charty 2024 Wages and salarfes so￿al securlty costs Contribution to defined Gonlrlbutlon pension 5chemeJ 10,219,574 780.062 9,707.739 10,022.136 680.135 772,815 9523.584 673.733 291,53S 269.775 288,493 265.690 10.657,649 11.083.444 10,462.987 The averaBe number ol persons employed by the Charity during the year was as lollows.. Group 2025 No. Group 2024 No. Ch•ilty 2025 Charlty 2024 Admlnlslralion Support Opportunities Trading J8 256 81 30 261 78 29 38 256 81 30 261 76 405 396 37S 367 Page 2S STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 10. Staff ¢o$tg Icontlnued) The number of employees whose employee benefits (excluding employer pension costsi exceeded £60,000 vrn$'. Group 2025 No. Group 2024 In the band £60.001 - £70,000 In the band £70.001- £80,000 In the band £90.001- £100.000 In the band £120.001 . £130,000 Agency cost$ for wovidin9 temporary Ilaff during the year amounted to £1,205,222 {2D24'. £1.442,207). Remuneralion tolalling £291,744 (2024.. £278.461) was paid to key mana9ement personnel during th? year ended 31 Mar¢h 2025. 11. Tru$l••$' v•mun•rallon and •xp•n••• Durlng ihe yeaf. no Tru8tee$ recelved any r¢muneralloTr or oiher beTrefft$ (2024 . £NIL). During the year ended 31 March 2025. no Trustee expenses have been incurred (2024 - £NIL). Pa9e 26 STYLE AGRE 140Tes TO THE FINANCIAL STATEIIEIITS FOR THE YEAR EMOEO 31 MARCH 1026 11 T•n#lbl• fl*•d •••• Group Lonq4•rn1 8hort.t•mi Fr••h¢ld l••Mhold l•ai•h¢ld pmp•rty prap•rty prop•rty Mol Fl*W•• Compul•f hkl•• •nd ftttlny •wlprn•nt Totsl Coitor¥4￿￿on Al l Apiil 2024 AdJilbn• 114,619 M1.$14 14,071 164.1 12,•00 .177 2A17,201 12,or81 Al 31 M•r¢h ID25 117,•84 514,3J4 10,102 2.612.711 D•pMclatlon Al 1 Awil 2024 ¢harg• fvr th• y•ar thspo$•li 30*.178 61.917 72,427 $1,707 812,22• •2,S07 120,9781 Is.r 10,J•2 11,M71 Al 31 M•rch 2025 IOIM71 94MJO 34•,0OJ 7T,018 $5,401 183.7 N•¢ book v•lu• Al 31 4l•r¢h 2025 91,413 231,711 4,890 1,129,003 Al 31 M•reh 2024 1,366,658 17.202 1QO,461 252.409 81,772 6,470 1.174,912 PagB 27 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 12. Tanglble fixod as8et8 (contlnuod) Charlty Long-tomi leasèhold woperty Molor Flxturos and Computsr vehlcles fittlngs equlpment Total Cost or valuation Al 1 April 2024 Additi'on3 DlJpoMIs 157,884 $49,384 $4,075 131,3251 127,6S2 12,900 (3.048) 60,102 895.022 66,976 (34.373) Al 31 March 2025 157,884 572.134 137.504 60,102 927.624 D•pr•cl•tlon Al 1 April 2024 Charge for the year On disposals 90.682 15,789 306,938 52,681 114,5291 48,895 9,516 11,422) SJ,840 1,566 500,35S 79,552 115,951) At 31 March 2025 106,471 345,090 S6,989 55,406 $63,956 N•t book Value At 31 March 2025 51,413 227,044 80.51S 4,696 363,668 Al 31 March 2024 67,202 242,446 78.767 6.262 394.667 Page 28 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 MARCH 202S 12. Tanglble flx•d as$•tg (¢ontlnuedl Group Freohold property relates to the Banbury Support Hub fiU(Lo•$) I Surplu•l ID•fi¢lt> for th• y••r style Acre Trading LimFled 411,046 1432.758) (21.712) 14. D•blorg Group 2025 Ch•rlty 2025 Charlty 2024 2024 Amounls owed by group undertakTrngS 700,000 700.000 700,000 700.000 Ou• wlthin on• y•ar Trade debtors Amounts owed by group undertaking¥ Other deblors Prepaymenls an¢J accrue(I Income 144,409 190.338 143.912 430.571 93.093 124.296 188.385 414.858 57.093 92,201 95,129 130.292 62.149 96,402 369,030 348,889 1,491,872 1.452,537 Page 30 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. D•btor8 l¢onllnu•d) The amounts owed by 9roup vndertakin95 falh'ng due after more than one year comprise and amount of £700,000 paid by the charity to its vtholly ovmed Irading subsidiary, Styte Acre Trading Limiled. for the Pltrpose of purchasing and refurbishing the SABRe building at Butcher'¥ Row in 84nknJry. The project was carfled out by Style Acrt Tradlng Umiled. al this was rnore lax efficlenl than the chanty doing so Itself. The building is in active use and contributes to delivering Ouf chafltable objectives in the Banbury area. The am0￿15 paid lo Style Acre Tiading Limited lo finanR the project are a loan. vthich ￿711 be repayable to the charrty in the evenl ol the SABRe building being disposed ol or if rt ceases to be used to further Ihe chantsble oblectives ol the chanty. The Truslees have provided the Directors of Style Acre Trading Limrted wlth a ¢ommilment thai the charity will meel the continuing operating costs of the subsidiary for a period of at least 12 months Irom the date of signing the financial statements. and ￿111 ensure that its liabilib'e5 and Obligats'￿s lo all Pa￿"e5 outside of the group ￿11 continue lo be mei as Ihey fall due. The tfustees have considered ¥thether Ihe loan falls under Ihe definbtton ol a flnancing Ifansae1ion under FRS 102. Under FRS 102, su¢h a transaclion shauld be stated at its present value, mea$￿ed by any future payment discounled at a markel rate of interesl. There are no clear repayment terms or bmescale for the loan." Ihe lrigger for repayment 15 regarded as remote 9iven the irnportance ol the building to expanding the support we offer in 8anbury. Accordingly, Ihe Truslees are of the opinian that the faiT value ol the loan amount to be Included In the financial slatemenlg Is Its orlginal monetary value. 15. Cr•dltors: Amounts falllng duo wlthln on• ye•r Group 202S Group 2024 Charfty 2026 Charity 2024 Trade credilofs Other taxation and •o¢ial $e¢uiity Olher creditors AGcrua15 and deferred income 193,201 204,292 43,718 626,291 198.470 177,406 37.874 566.601 186,324 195.787 43,718 604,438 184.562 165.836 37,874 541,775 1,067,$09 980,351 1,030.267 930,047 Page 31 8TYLe ACRE NOTE3 TO THE FIIIANCIAL STATEMeNrs FOR THE YEAR EIIOED JI MARCH 2025 11. Stst•m•nt olfund• 8t•¢•m•nl •1 lund#-ttsrY•nt y••r Galn•l )1 Mar¢h 2028 Aprll 2024 In¢om• Exp•rthw• lThlo r••th¢tsd lund• O••lgMt•d fund• D••ign•ieLI r•v•lu•tton lund SA8R• #In￿n9 fvjnd ollday homt 8A8R• buwiny Io•A Fixed •ssols ropl•c•ffl•ni Mwin Offlc• •nd D•¥ Opporturty Hub 71,121 97.657 16.021 11,783 134,982 700.OQQ "310.118 16.194 700,000 J04,743 loo.ooo 11.J76 1,•17,911 2,97J 1,907 1.927.161 G•n•r•l fun G•n•ra Iwd 78•,In 12,417,31J 112,891,894) 12,oni $72,374 Total uThr••trtct•d fvn¢ty 1,107.161 12,477,J13 11a,111.1•41 6.•07 2JQOJJS P•9• 32 ¥TYLE ACRE MOTES TO THE FINANCIAL STATeMENTS FOR THE YEAR ENOED 31 MARCM 2026 11. $lat•ffk•nt of fund¥ Icon¢lnu•dl Trnnsf•r• 31 M•r¢h 2029 Apr412024 h*om• E¥p•nd*ur• R••trl¢t•d fun S•niory *nd rebound thèr•py V•Nc*> ipp•al T2 App••l IT. Technology for 1n￿p•n￿In¢• Work d•velopm•nt D•y OpwnunlUei- PortlC*bln G•r¢J•n proj•tll CcffimunlcalionB plaiect Suppvft￿ Ll¥lng Soci*l enl•ipFiw¥ Stye A¢r• dl*cmllon•ry luTrY D•y opp¢rtu￿1ieI- G¢n¢r•l Coronwirul Ways lo IN•llné$• Ans projects OCC pu￿1¢ He#Nh. F*•rt H•• ¢)thwi 11ZO) 111.61•1 17.97•1 361 14.47J 24.061 154 11.21J 14.142 J2,031 12,000 19.•37 417 16.187 s•,iJJ 21,107 1278611 lJ971 11,0941 13.211 Jji JS,350 2,009 1.2S3 37,111 39.T44 14MI• 40.iJS 21.867 13111 1lJ.016) 13,417) 119.4911 (éj IS351 1,077 24,110 6,791 14.jlg 2,000 1,361 4•1 184,934 1184.2111 231,14• Tothl of l￿d• 2,910,1JO 12,112.297 112NS,9551 1.•07 2.738J•4 P*go 33 STYLE A¢ftE IIOTES TO THE FINAPI¢IAL ¥TATEMEMTS FOR THE YEAR ENDED 31 AIARCH 2035 $t•l•m•nt of prlor y••r 84￿• •t 31 M•r¢h 1024 8•lAnce It 1 Apdl 2Q2J a•ln (L￿801) m• Exp•n(Ilur• ul 0￿1?￿11¢d rt¥lu•ll¢n lun SABR• *lnkin9 fvnd Holid•y hom• SABR• Pw1￿1￿9 lothn Flxed a¥atts r•pl•c•rn• M•kn Olfi¢e •nd D•y Qppjrtunlty Hub 27.297 95,780 139.968 700.QOO 284.712 600.000 50.824 78.121 97,6S7 137,400 700,000 304.743 600.000 1,877 12,500 20,031 1,647.757 19.400 50,824 1.917,981 G￿er* fvnd 932.405 11,J29,d49 111.955.$531 116,5831 749.878 1780.222 11,829.449 111.956,6S31 2.117 $0.024 2.707,659 Pig• 34 8TYLE ACRE NOTt$ TO THe FIPIANCIAL STATeMENTS FOR THE YEAR ENOED J1 MARCH 2025 11. 8wtym•n¢ ol lund• leonllnu•ll O•l•nee 31 M8rch 2024 G•in ILoss•11 l Apri12023 Incom• Exp•ndttw• I￿ul RMtrl¢l•d Iub S•nwry •nd rebound therapy Vehwei •ppe•l T2 4op• IT. Techfiokngyfor Ind•p•nd•nE• Work d•y•￿pm*Thl D•y Opportunltrès. PO￿￿bIn Gwd•Tr proieGt• Communkdom prolKI Support•d Li¥ing Socid ent•rpdse• D•y opppr￿n1I1•l. O•h•r•l CNenavliu$ p8ndemic WI￿ ￿ WeUne*s QC¢ Publlc frl•llb. W••rt Hq•llh Olhwi 15.759 31,843 40.016 273 SO.595 115.2781 18,7011 la.0151 41,000 64.142 J2,031 205 19,937 83.335 192,9911 11.0001 114,S641 11,5831 28.431 3,176 5,45Q 12,802 5.819 27,fj85 26.39S 4,878 4,600 12,117> 15,657 1,507 336 35.350 6,077 24.288 S,791 535 800 32.644 1.191 110.1581 19331 P.4171 136,3211 14.34)> 15,717 ?￿,271 1sa.48S 1204.4831 12.0171 207.476 Tol•l ofkndl 3,036.493 11.987.934 112.160,1161 50,B24 2,915.135 P•4• 35 STYLE ACRE NOTES TO THE PINAII¢IAL STATEMENTS FOR THE YEAR ENDED JI IIAR¢H ￿26 17. •lfund• 8¥mmiry •lfw￿•. ¢urr•nt y•*r G•ln ILo••MI JI M•r¢h 2021 Aprll 2024 In¢w• Exp•ndtur• Inlout D•￿9n•t•￿ fvnd• Q¢n•ial Roitskthd ftjndi 2,•7J 12.lni 1,•07 1.•2fJ01 672,374 23•,14• 719M71 12,477,363 112,611,1•41 207,471 1IM2611 2,918.13S 12,112,297 11Z,148,96S1 2,73SJ14 Summ•ry of1w￿l. p￿r y••r l•nc• at 84l•nc• it l Aprll 202) Tr¥nifw¥ inloul G•ln 31 In¢om• Exp•nth'tur• 2024 fund• General fuTrl$ Rejtrl¢t￿ fvndi 1.147,757 932,465 11,82S.449 111.955,6531 2$6.371 158.405 204,4831 19.400 16.SOJI 50,824 1,917,911 7B9.678 207,471 3,036.493 11.987,934 112,160,116) 50.B21 2.915,133 P•9• 36 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2026 Analygls of not ass•ts bétwoen funds Analy$l$ of net •$sets betwn funds - cuffent year R•$trfcQ•d Unr••tri¢t•d lund$ funds 2025 2025 Tolal lund8 2025 Tangible fixed assets Flxed assel investrnenls Currenl a$$ets Credstor5 due vllhln one year 150,357 1.678,646 1,829,003 1,062.629 1,082,629 826.469 914,261 (1.067.509) 11,067,609) 87,792 Tolal 238.149 2.500.235 2,738,384 Analy￿8 ol n•t •88•t• b•lwMn fund• - prlor y••r Restricled Unreslricled nds funds 2024 2024 Total funds 2024 Tangible fixed a55•t8 Flxed asset inve$lment$ Curreftl assels Credilors due ¥*ithin one year 161.383 1,713,589 1.055,722 58,404 906,388 {12.311) (968.040) 1,874,972 1.055.722 964,792 1980,351) Total 207,476 2,707,659 2.915,135 Page 37 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Statement of funds - narrallve Purpose of Deslgnated Funds: D•gignat•d Revaluatlon Fund The revaluakn'on reserve fund is requlred by Ihe Companles Act 2008 and represents the amount by thich investments exceed ar fall short of historical cost. Oesignated Funds - SA8Re Slnklng Fund This designat¢d fund is to provide for future repair8 and mawitenancg al the SABRe bullding in Banbury, which are received a8 part ol the glft aid donation of Style kre Trading Limited distributablè Pfofill. Doslgnated Funds - Holiday Hom• The fvnds are designated to prgvide a pefmanent srnall hollday home or caravan to allow ow $eThice users, may require ITigh levels of conlinuthg support *thilst they are amoy tram home. lo take a break in a self-catering base at modesl Cost. Doslgnat•d Funds - SABR• 8uildlng Loan These funds are designated lor Ihe loan made to Style Acre Trading Limiled lor the purchase and refurbishment of the SABRe building in Banbury. As the loan is expected lo be for the loNJ term, the corresponding reserves are rtliquid. D6slgnat•d Fund$ - Flx•d As••l• R•pl•c•m•nt The majority of the charty's fixed a$sels are ilems vlth relauvely shorl lives. such as molor vehlcles and compultr equipment. 80th ol these are essential in running our charitable services and Ihe reserves iepre$ented by Iheii l)oDk value are Illlquld and the assets themselves need regular repla¢ement. These lunds are designaled to address both reguirements. D•slgnated Fund• - M•ln Offlc• and D•y Opportunlty Hub Building Thls designated fund is lo provide lor ￿15 associaled Ylllh a new m31n office bulidin9 and day opportunity hub in Wallin9ford and represents an amount for the de¥elopment and fixtures and fitting8 required. Pury)0g0 of R•strlct•d Fund•: Sen39ry Ind R•bound Th•rapy These funds have been used lo develop a sensory envifonment l¢X Iho people Support and provlde equipment lo support the rebound therapy a¢ti¥ities. Funds ulilised and capitalised as tangibfe fixed a$yets are beiffj amortlsed to match Ihe deweciation chalge in the financial statemenls. £120 (2024.. £102). Vohi¢l• Appeal Some lunds received in respect of the Vehicles appeal have been ijlilised and capilalisÈd •s tangible fixed assels. and are being am¢rtlsed to match the depreclatlon chafge In the flnancial 5talements. £11.669 (2024.. £8,251>. T2 App•al These funds have been used to 8s$isl in ihe opening and development of Ihe drop in centre based in Didcot and known as 'T2'. The lacillty is almed at indimduals less severe leaming dilficulliesldisabilrties. Funds restricted to the purchase of new vehicles for the use at T2, have been ulill$ed and caF¥talised as tsngible fixed assets and a￿ being amortised to match the depreciation tharge in the financial stslemen¢s, £115 (2024.. £144). Funds re5tri¢led to the purchase of compuler equipment al T2. have been ulilised and capitalised as tangiL4e fixed assets arKI are beiry amortised to match the deprecialion charge In the finan¢ial staternenls, £21 {2024: £27). Page 38 STYLE ACRE NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR EMOED 31 MARCH 2025 Fund$ restricted to the development and fefufbishment of the building at 'TZ have been utilised and ca￿talised as taThJthle fixed 8ssets and are being amortised to match the depreciation charge in the financial statemenls, £7,844 (2024.. £7.844>. IT - Tochnology lor Ind•p8nd•nc• These funds have been used to acquire technology for the use ol the people we support. The project aims ￿ assess individuals to enrich their lives and irwease independence through the use of lechnology. Funds ulilised and capilalised a5 langible fixed a$sets are being 8mortised to match the depre¢iats'on charge in the financial slatemenls, £51 12024.. £68). Work D•v•lopmonl These lunds are uied to fund staff salaries relabng to the work development Pfogramme. Day Opportunitlos - Portacabin Thes• funds ara in respect ol 3 Portacabin that was donated ftjr use by the charity. The rna￿¢1 V81ue vf the Portacjbin has been capilalised as langible fixed a8se15 and are being arno￿.1¢d to match the depreclation charge in the financial stslements. £417 (2024.. £1,000)- Garden Proiects These funds are in respect of garden proiecls and garden redevelopment$. This includes the community garden project in Wanlage, gardening projecls at the day opportunity hubs oi *ithin Ihe supported living houses and Gfeen Acre, our gardening social enlerprise. Funds utilised to dale and capitalised 8$ tangible fixed assets are being amortised to match Ihe depfeuation in Ihe finan¢ial statements, £121 (2024.. £121). In •ddilion. the funds have been utilised to redevelop Ihe garden at our Henley prop¢ty to allow the people we sUPPOrt to access their garden and provide a Sale 3en80ry space lor them to enjoy. Funds ullllsed to date and capilalised as langible fixed Issels are belng afflon15•d 10 mai¢h Ihe depre¢iallon in the financial slalemenls, £2,024 (2024,. £2,024). Communlcatlons Project These funds are in respe¢l of equipment to aid cofflrnunication and continue lo be utilised. Funds ulilised to date and rapitalised as lan9ible fixed assely are belng •mortlsed lo malch the dtprecialion chafge In the financial slatements. £39712024.. £529). Supported Livlng The funds were raised to purchase fumilure and equipment lor use v41thin the $upported liKfjn9 house$. Funds uttlised and capitalisfjd as tangible fixed assets are belng amortised lo match the depreGiatson charge in the Ilnancial gtalements. £84 (2024.. £112). Social Enterprlse$ The funds were raised to fund the purchase ol items for use al and redevelopment ol our Tga Room in Blewbury, the charty shop in Wallinglord, Green Acre, oui g?rdenin9 business or lor our new sustainable medal making social enlerprise. Where donalions are received lowards capital equipmenl, the funds are amortised lo match Ihe depre¢iation charge in Ihe financial $latement5, £3,836 {2024'. £1.6351. Arts Projects These lund$ wEre raised lo fund a collaboralive art proierA to celebrating Style Acre 30 year amiversary. Day Opportunllleg - General These fund$ have been raised to fund general costs and addrtbnal equipment at our day opportunities hubs. Where donations are received tOW3rds capital equipment, Ihe lunds are arnortised io malch the depreciation charge in the financial stalemenls, £300 {2024: £225). Page 39 STYLE ACRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Coron•viw• Pand•rni¢ These funds have been rtteived from Oxlordshire County Council to support the delivery ol enlianced infection control. vaccinations and increase workforce recruilment and retention viithln social care seT¥ices as part of the cenlral govemment lunding in response to the Cov1￿19 pandemic. Funds utih.sed to date and capitalised as langible fixed assets are bein9 amortised to Match Ihe depreciatio in the financial statements. £3,41712024.' £3.417). Wap40- Wellnes8 These fvnds have been raised to SUPPOrt the Ways to Wellness wo9ramme which enables Ihe people support. tyJr employees and volunteers to improve their heatth and ￿lIbeIng. Styl• Acr• Dl•Gr•llon•ry Fund These funds have been raised lo help the people we support purchase items for iheir horne that they Duld otheThvise be unable to afford and lo provide financial assistance to the people we support to makes their ￿fjshes and dreams come true. OCC Publlc H••llh- H••rt H•olth These funds have been falgea to dellver acl'ville8 focu8sing on healthy hearts, heallhy eating and physical activlty as part of our Ways to Wellness programme knthich enables the people w¢ support, our employee$ and volunleers to improve their heallh and wellbeing. Olh•r8 The funds received n resped of olher don8tion3 are uts'li5ed in accordance wilh Ihe donors wishes. Donations received towards capltal equpment are being amortised lo rnalch the depreciaiknn charge in the financial statements. £165 (2024: £816). 20. R•concllialion of n•l mov•ment in fund• to n•t cash flow Irom op•ratlng acllvltl•* Group 2025 Group 2024 Nel expenditure for the year (as per Slatemenl of Financial Activities) 1176.751) 1121,358> AdJu•tm•nt• for: Depreciation charges (G•nyLosi on investments Dividends. interests and rents from investrnents Loss on the sale of fixed asseis Bank charges paid Decreasel{increa$e) in debtors In¢rea$el {decrease) in crediiors Tax paid 92,507 (6,907) 144,3621 5,748 0,668 120.9411 87,158 84.282 150,824) (43,772) 15,562 13,250 101,846 149.866 (306) 14et cash provlded byi(uied Inl op•ratln9 actlvttlos (54.880) 148,546 Page 40 8TYLE ACRE MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. A￿lysIS of cash and ¢ash •4￿ValentS Group 2025 Group 2024 Cash In hond 544,431 615.903 Totsl cash and cash equlval•nts $44.431 615.903 22. Analysls ol chang•s In n•t d•bt A11 Aprll 2024 C¥gh flows At 31 Pllarch 2025 Cash at bank and in hand 615,903 171,472 S44.431 615,903 171,472) 544,431 23. P•n•lon ¢ommltm•nts The group operates a defined contribution pension scheme. The a$set$ of the scheme afe held separately from Ihose of Ihe group In an Independentty administered fund. The pension cost charge represents wnlribution5 payable by the group lo the lund. Durin9 Ihe year pension conlribulions Charged In Ihe Slalemenl of FlnaTrcial Activthes arnounts to £291.535 (2024-. £269.775). Al the balance sheel date, outstandlng ¢ontribulions am¢xJnls lo £40.350 (2024.. £37,678) and are Included in ¢redllors. 24. Op•r•ting l•a$• ¢ommllm•nls At 31 Mafeh 2025 the Group and the Charity had commitments to make luture minlmum lease payments under non to Ave Flousing. Ounng the year Acre Housing made an unrestrlcted donation to Stfv Acre of £127,502 {2024.' £115.478). As at 31 March 2025 an amount of £760 was owed lo Acre Housing (2024: £Nil). Ounn9 the year the charity traded its subsidiary. Style Acre Trading Limtled. Detailed transactions belween Ihe charity and Slyle Acre Trading Limited have not been disclosed as allowed under FRS 102 Seclion 33. A dependent of the Trustees. Mr I C 8oulton, J E Marsan and Mr P 8rice are recipienls of St￿e Acre'5 services. The ser¥ice parkages afe contracted through Oxlord$hire County Council on the normal terms. vthich apply to such 8 provision. The servti user is not able to use their relatr'onship to Mr I C Boulton, Mr$ J E Mar$an or Mr P Brice lo thelr a¢Jvantsge. Page 42