Docusign Envelope 10.. D1A05AD8-F16C47994EA(kFE27358E2CDE Registered number: 05003795 Charity number: 1102254 py PRISON FELLOWSHIP (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Gsfi&co Griffin St(Y* M05crop & Co 100 YEARS Docusign Envelope ID.. D1A05AD8-F16&479W8FA(>FE2735BE2CDE PRISON FELLOWSHIP IA company Ilmlted by guarantse) CONTENTS Page Trustees, Teport Ind6pendent auditors, report on the financial statements 13-17 Statement of flnan¢lal actlvltles 18 Balance sheet 19 statement of cash flows 20 Notes to the financial statements 21-35 Griff in Stone Moscrop & Co Docu8lgn Envelope ID.. D1A05AD8~F16C479&8EAfvFE2735BE2CDE PRISON FELLOWSHIP (A company Ilmited by guarantoe) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 CHAIR'S REPORT In Prison Fellowshlp we serve as hands, feet and voice lor the wider Church to meet its Bibli¢al calling to be part ofthe transformatlDn and support of people in prison across England and Wales. As I consider this past year, yet agaln I find there is cause for much thanksgiving. l am enormously grat8ful ft)r'. everyone who prays for our mlnlstry. Prayer is the bédrock and driving fDrce of 811 that w8 do. W8 have witnessed a glimpse of its Impact in the ongolng strong representation al our monlhly national prayer me8tings and across our 87 local Prison Fgllowship groups-, our 2,392 volunteers, This dedicated group is the lrfeblood of the work. They not only pray but also g￿e 80 much of their tim8 h8lping to plan and deliver our programme8. Thi5 year, we have seen an increase in the number of churches sending n8w volunt88r8 and hav8 exceeded our recruitmenl targ8t. welcoming a number of new volunteers., those who give financially to support th8 work. It 18 a difficult financial environment fcsr many individuals and grani-glvlng organisations. How8ver, our donation income has held sleady. the chaplaincy leams in prisons across England and Wales wha welcome us and whom w8 support in many drfferent Wa￿.. our Support Team and Board who provlde the glue, co-ordination and exp8rtise. These ¢ontinue to be challenging times for those who live and work in prison. Ov8rcrowding is greater than ever, budgets remain tight, and understaffing - although improvlng - Is still ever present. Prison Fellowship'8 mission and the seNic8s we provid8 through chaplaincies have never been more important and more in demand. In addition lo the established programmes we provide in prisons from our restorative justi¢8 course Sycamore Tr88 and our giFi-giving prograrnm8 Angel Tree to our prtson pen pal scheme Lelter Link, our free Prayer Line service and supporting delivery of our weekly Bib18 Studi8S, this year we have seen the 8xpansion of our Pastoral Care pilot, 8UPPOrting people in prlson who have suffered loss or bereavement. Currently Prison Fellowship volunt8ers are supporting this programme with chaplaincies in 12 prisons, with the expectation thal In the coming year this will expand into 14 more establishments. During our next year we will see a major handDver in lead8r8hip. In July 2024, with sadness but great gratitude, we will say goodbye to our CEO Peter Holloway who has led Prison Fellowship with great skill and grace for almost nine years. We are excited to welcome Catherine De Souza as our new CEO, who will join us in September 2024, to lead us in this next season which we béli&ve will provide new opportunities to deliver even greater impact alongside like-minded organisations. This handover has made me reflect on th8 faithful service of those who have ￿me b&for8 us, paving the way for whal we do now- the many volunteers, supporters and staff who, at different limes over Ihe past 45 years, have prayéd, acted and worked with prison chaplaincies. W8 stand on their shoulders as we continue this work. Most of all, I giv8 thanks for the privilege for all of us to be part of this great work. l am reminded of the words of the great 18th Century missionaryto India, William Carey, who preachèd, 'Exp8cI great things from God., Attempt great things for God., May that be our cry also for this coming season. For we are God's handiwork, Created in Christ Jesus to do good wod(s, which God prepared in advanc8 for us to do. Ephesians 2.10. Peter HaTlock Chair af Truslees Pag8 1 Griffin Stone Moscrop & Co CHOJiT￿EDA￿L￿f￿Nrs&%Ec1s1FREDAUDrto Docuslgn Env61opè ID.. D1A06AD8-F16C4799-8EAO-FE2735BE2CDE PRISON FELLOWSHIP {A company limited by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual r8POrt l098ther with th8 audited financial slaternents of the Prison Fellowship for the year 1 April 2023 to 31 March 2024. The Annual report serves the purpcses of both a Trustees, report and a directors, report under company law. The Trustees confimi that the Annual report and financial statements of the charitable company comply with the current statutory requlrements, the requir8m8nts of the charitable company's governing document and the provisions of the Statement of Recommended Practi¢e {SORPI applicabl8 to charili@s preparing their account8 in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland {FRS1021 (effective 1 January 20191. Sinc8 the Company qualifi8s as small und@r section 382 of th& Companies Act 2006, the Strategic report required of medlum and large companies under the Companies Act 2006 (strategic Report and Dlrectors, Repori} Regulations 2013 has b88n omitted. REFERENCE AND ADMINISTRATIVE DETAILS Reglstor8d Company number 5003795 (England and Wales) RegFstered Charlty number 1102254 Reglstered offlce 21-27 Lamb's Conduit Street London. WC1 N 3GS Trustees Mr Pet&r Francis Travers Hadock Mr David Wesley Cooke Ms Patricia Molly Hodson R8v Joanna Honour MrAndrew Roger Jordon Dr Stephen Raw]ins Ms Maria Olukemi Shaw (nee Adeshina) Rev Kathleen Mavis Kirby Ms Rirth Woodhouse Mr Philip Michael Miller Ms Avril Hèlen Arundel Ms Sandra Lorrain8 Wallace Chair Treasurer lunlil 16 May 2024) Resign8d 22 November 2023 Resigned 31 May 2023 Trgasurer Appointed 14 March 2024 Appointed 28 March 2024 Appointed 28 March 2024 Chief Executive Officer Mr Peter Holloway Audltors Griffin Stone Noscrop & Co Chartered Accountants and Statutory Auditors 21-27 Lamb's Conduit streèt London, WC1N 3GS Bankers HSBC Bank plc 99 High Street CHELMSFORD Essex, CM11EQ Webslte risonfellowshi Page 2 Grfffin Stone Moscrop & Co cHpJIfERW￿COU￿thT8®1&7ERg9AUDmF5 Docuslgn Envelope ID: D1AOSAD8-F1 6C-479W8EA￿FE2725BE2cDE PRISON FELLOWSHIP IA company limited by guarantee} TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE GOVERNANCE AND MANAGEMENT Governlng Instrument and Constltutlon The charity is Gonlrolled by its governing document, a deed of trust, and constilutes a limited company, limited by guarantee, as defined by tha Companies Act 2006, Board of Trustees Durlng the year, the Board met for four normal m88tings. The Audit and Risk Board sub-commrttee mel once during the year and the Governance and Nominations sub-¢ommilte8 met three times.. Alms, Objects and Geographlcal Aroa Prison Fellowshlp aims to support people in priscn by coming alongside them, providing practical h8lp through its programmgs, and by supporting th8ir plans to stop offending. We aim to offer our programmes and services throughout Enyland and Wales to all willing to acc8Pt thgm. They are inclusive and op8n to people of any ag6, ability, faith, gender or ethnlcty. Our objectrves are to provide prayer and support for p80p18 in prison by having.. 1. Every prison 8UPPOrted by Prison Fellowship Loc81 Groups., 2, Prison Fellowship Volunteers regularly active in every prison,. 3. Prayer support av8ilable for every indivrdual person in pri50n and in every prison; 4. A range of programines to allow our Local Groups and memb8rs lo support people in all types of prisons,. 5, A national Infrastructure to.. Provid8 SUPPDrt for ev&ry Volunteer and Local Group, allowing us to re¢ruit, Irain and retain our Volunteers and give them a high-quality experience and proficient delivery to prisons., Offer opportunities to give financially to our work., Increase our r8ach to all communities. Public benofFt The Trustees confirm Ihat they have Gomplied with the duly in section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on publi¢ benefit. Earlier paragraphs of this report set out the purFX)se and obj8Cts of Prison Fellowship., the focu5 of our work and how we ensure that our work delivered our aims. The Trustees ar8 satisfied that the aims and objectives of the Gharily meet the public benefit requirement., 8nd that the Charity's aclivities ar8 in support of those aims. SUMMARY OF THE YEAR The pTison system in England and Wales faces many difficuttie8 including overcrowding, und8rstaffing and a lack of rehabilitative activities, With the prison population expected to reach 100,000 by 2C)27, conditions remain challenging. As of January 2023, 20 % of peopl& in prison live in overcrowded condilions, and there has been a 130/0 decrease in prison slaff since 2010. Most prisons lack adequat8 purpos8ful activity, highlighting the need for increased support. For Prison Fellowship IPF), these challenges present significant opportunities. The pressure on prisons and chaplains has created enormous demand for volunleers who can provide meaningful, rehabilitative a¢livities at no cost to the prison system. PF'S longstanding reputation as a reliable provider of skilled chaplaincy volunteers placss us in a strang po8ltion to expand our mission and meet the growing needs of prisons. Although the economic Climate poses fundraising challenges, our unique scale and mission-driven approach sets il apart from other third-s6Ctor organisations. We anticipale the demand for PF'S volunteer-led services will continue to grow, creating substsnlial opportunities for mission expansion de8Pite practical obstacles. Page 3 Griffin Stone Moscrop & Co C1.LORTE￿D￿c￿￿T￿&REaITEBED14u1T Docuslgn Fnv6lopè ID.. D1A06AD8-F16C-4709-8EAO-FE2735BE2CDE PRISON FELLOWSHIP IA company limitod by guarantee} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 PF is in a strong position to move fomard, with sevaral key factors contributing to our current and future success.. 1. Mlsslon allgnment wllh key stakeholders. PF'S mission is well-aligned with the obj8CtiV8s of tts prirnary stakeholder, HMPPS Chaplaincy. This relationship ensures that PF'S services and initialives are not only welcom8d but actively supported within prison environments. 2. Skllled and motivated volunteers. PF has cultivated a highly-skilled and motivated volunteer base. These voluntéers play a crucial role in fuffilling the organisation's mission, contributing their time, expertise, and passion to support people in prison and their familles. 3. Strong misslon and values. Our mission and values are well understood and actiV8ly lived out by the Support Team and volunteers alike, This shared commitment ensures cohesion and purpose Ihroughout PF. 4. Vlbrant faith community. The faith aspect ol PF remains aliv8 and vibrant, infusing the organisatron's work with spiritual purpose. This energy drives the Commitment to PF'S mission, ensurlng that we remain tru8 to our Christian foundations. 5. Growing mission delivery, We are seeing growth in the delivery of our mission, expanding our reach and impact. This growth is testam8nt to the commitment of our volunte8rs and evidence of the demand for our work in prisons across England and Wales. 6. Flnancial stablllty. While external factors could influence the organisatron's financial situation, we are currently enjoying a period of relative ftnancial stability. This stability allows for mor8 Strat8gic planning and the ability to invest in key areas of development. 7. Focus on volunteer recruitment and leadershlp development. Volunteer reGNltmant and d8V81opm8nt remain a critical area for PF. GrDwing th818ad6rship cadre is particularly important to ensure sustsined growth and to support the continued success of our programmes. The recent recruitm8nt of Andrew Hulley as the new Head of Volunte8r Engagement has been a significant step in strengthening this area, His role has already proven vital in enhancing volunle8r engagement and leadership within the organisation, Ov8rall, PF is well-positionad for continued growth and impact, with a strong foundation in place across kay areas of our operations. The ongoing focus on Volunt88r engagement and leadership development will be pivotal in driving future succes5. Volunteers and engagement The number of PF volunteers actively engaged in our mission at th8 end of this financial y8ar is 2,392. Thi8 represanls a decrease of 8D/o from the number of volunteers at the start of the financial year. Despite setting and exceeding ambitlDUS volunteer re¢Nilment t8rgets, wa ara still 8xperiencing a p08t-Covid drop in volunteer number5 as Gan be seen across Ihe third sector. One new Iccal group opened in 2023-24, taking our totsl acro$$ England and Wal@s to 87. During the year, we delivered 19 training days with 228 volunt88rs attending. Training included Pastoral Care, Syc8more Tree Tutor and Group Facilitator, Angel Trae Coordinator, and Lett8r writer. In addtiion to th@ PF-led training, P88toral Caro volunteers were also able to access additional training from third parties including Cruse and HMPPS, Page 4 Grlffln Stone Moscrop & Co CH4K1EPjD￿CClJl{tA￿ts&￿E￿ISlEF￿A1llXtO Docusign Envelop8 ID.. D1A05AD8_F16C4799_8EAQ_FE2735BE2GDE PRISON FELLOWSHIP IA company limitèd by guarantee) TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 PROGRAMMES AND ACTIVITIES Sycamore Tree Sycamofi￿ T￿8 (ST) is an accredited volunteer-led programme which is based on the principles of restorative jusllce and run over a six-week period. It provides 18arners with a level one or level qualiflcation in 'Und8rstanding the Reslorative Justice pro￿sS., The aim of ST is lo reduce re-offending of people in prison in England and Wales by changing attitud6S that are known to be conducive to offending. ST is believed to be the largest restorative juslice intervention in th8 prison system of England and Wales. The course has been independently evaluated by the Sheffield Hallam and Manchester Metropolitan Universities and fcrms an important part ofthe sentenc8 plan for many people in pnson. Whi18 last ygar, one of our key goals was to bring ST back into prisons at scale after Covid-19, this y8ar we aimed to ccnsolidate this growth. We are pleased that during the year we have run more ST courses in more prisons than in any previous year. Demand for Ihls exceptional programme remain&d high throughout the year with tha numb8r of courses delivered in prisons growlng by 30% 10 144 across 58 different prison establishments. We are also delivering the programme in more female establishments than ever before, while six prisons are delivering STfor the first lime or returning to delivery aft@r a long absence. We continue to focus on th8 development and training of our tutors who lead the STcourse. During th6 year, we hosted ten Tutor Gatherings wilh each session highlighting a specific ar8a of best practice in delivering the cours8. W8 currently have 80 adive ST Tutors and 17 volunte8rs in training. placing us in an excellent position to Continue to cleliver ST al this volume across the prison estate in the coming years. 'The progr8mnF8 has made me reflect on both my criminal behaviour and thg wgllb8ing of my viclim. It has giwen me an even steeligr r8solva than I had already to make this be my last everprison sentence. I would likg to Ihank all those involved forputting on this coun%8 and giving up their valu8bl8 8ndpreciou8 time for us., Sycamore Tree Graduate, HMP Wayland 'Forgiv@ness is possible, tffme is a hea18r. Together victim, off8nder and community Can support each other to build a bett8r future. Changg is possible., Sycamore Tree Graduate, HMP Hollesley Bay 'ltre gained so much knowladge which I will remember for a lrfetime and also apply to my life, and othars who need my help at any moment. 1tr8 also gained Gonfid9nce WFthin myself (through publioly speaking in the group). This will havo a good effect on my futu￿ and life moving lO￿ard., Sycamore Tree Graduate, HMP Send Angel Tr88 Angel TTre (A TJ allows people in prison to S8nd a gift ID their children at Christmas, either through the p05t or in person on family days in a small number of prisons, all free of charge lo the person in prison and théir family. We also run a similar $¢heme on Mother'5 Day to allow young offenders to send a grft and card to their mum or f&male carer. The programme is adminislered by train8d volunteers and funds are raised regionally and nationally. Family cohesion is one of the seven pathways determined by HMPPS as being critical to improving desistan¢e. A T assists family cohesion and is much appr8ciated by Ihose in prison and their families. A parent in prison writes= Page 5 Griff in Stone Moscrop & Co CHAFtERED*￿0UwNT￿&￿rdsl[.REOAuDrrORS Docuslgn Envelope ID.. D1A05AD8-F16C-479W8EAWE2735BE2CDE PRISON FELLOWSHIP (A company limited by guarante8) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 ' Thank you for Angel Tree which enables me to give my childTrn a token of my lov& whilg imprison8d. l am forever grateful and appreciate immensely the time and kindness your volunteers have put in and fJr helping peop18 in the unfortunat9 position I hav8 found mysolf in. God blèss you all., A parent in prison taking part in Angel Tree In 202>24, we Increased the number of presents sent at Christmas by 80h. 5,172 present$ were provlded and delivered from parents in 98 prisons. This is the fourth year running in which we have seen an increase in present numbers delivered. We also delivered Angel Tree Mothgffs Day in 26 prison5 Ihis year. The programme supports young adults in prison in their family relationships by 8nabling them lo hav8 a grft sent on their behalf, containing th8ir own message, to thelr mother or other significant adult, on Mother's Day. 598 young adults sent a Card and a gkft Ihls year. Letter Link Letter Link (LLJ allows trained, supeNi$ed volunteers to writ8 to people in prison. It is particularly valued by th08e who have no friends or family who visit Or with whom they ¢8n Correspond. The programme also enables volunteers with limi18d capacity to visit prison in per80n to play an 8Ctive parl in PF'S prison-based mission. Continuing to enable people in pri80n to have direct access to the LL programme has enabled the programme to grow further during 2023124. We are thankful to the charity Junction 42 whose partn8rship assisted us through their Stories of Hope ¢ell-pack programme. 2023124 was a record year in LL'S thirt88n-y8ar history. A 370A growth in connections last year was folloiNed by a further 33¢k growih this year, There are now 477 volunteer letter writers corresponding with people in 95 prisons across England and Wales - a r6cord number of eslablishm6nts for the programme. We believe Ihat LL is now the largest pen pal programme running In the prlson estate. During the year, we d6liv8red six LL volunteer training events enabling 69 more volunteers to prepar8 to wrile to their first pen pal, Prayer Line Prayer Line (PLJ was introduced during the Covid-19 crisis to allow those confined in their cells for 23 hours a day to feel that they have not been abandoned by society and faith Communities, It allows any p8rson in prison to call a free number and leave a confidential message wrih their personal prayer request. PF'S team of volunteers is committed to pray for each person who calls on that day and across the following month. It is as simple as that, and there are no ¢at¢hes. The programme conllnues to be 8 lifeline to many in prison and a blessing to the volunteers who engage with the programme, 1,226 calls were made to PL during 2023124 bringing the lolal number of calls received since th8 programm8 Started lo 8,990, The total number of prisons who engaged with PL during the year was 85. The PL programme team are trained to spot potenli81 safeguarding issues. In addition to playSng a part in the spiritual liFe of the people in prison, the service has also assisted the pastoral care of individuals as a planned component of the overall c8re brought to bear by the HMPPS Chaplaincy Team. 56 PF Local Groups support the service via WhatsApp and prayer reque$l$ arè also distributed to oth8r supporters through various channels. Page 8 Grlffln Stone Mos¢Jop & Co CkWlTEgEDKCaNT#N13®￿T￿DAu￿{ Docuslgn Envalope ID.. D1AU5AD8-F16C.4799-6EA(hFE2735BE2CDE PRISON FELLOWSHIP (A company limited by guarantee) TRUSTEES, REPORT ¢¢ONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Blble Sludlas By the end of 2023-24, PF had produced and distributed 178 weekly Bible Studies for those in prison. Additionally, 877 people outsid8 of prison have now sign8d up to r8C81V8 them and they continue lo be made available to the wider PF International family. The volunteer produ¢tlon team for this programme does an exceptional job of producing weekly sludles Ihal are both suitable and engaging for the interdenominational and inlerfaith audience that is found in prison. The Bible Studies are distrlbuted to chaplaincy d8partment8 In prison8 across England and Wales, where they ar8 printed and made available to anyone who wishes lo receive them. In a prison syst8m where staff shortages often limit the timè individuals can spend outside their c8115, these sheets have remained popular, offering not onEy valusble support for spiritual growih bul also providing meaningful engagement and purposeful activity. Pastoral Care Over the past year, 13 trained Prison F8llowship (PF) volunteers have been appointed as Pastotal Carg volunteers across 12 prisons, with an additional 18 trained volunt88rs awatting placement in 17 prisons. HMPPS'S Chaplaincy Training Manager is liaising with managing chaplains to finalise these appointments. Since the Pasto￿1 Caro rollout, S77 individuals in prison have received support from our volunteers. Thè requir8d two-day Pastoral Care training is delivered online by HMPPS staff, and additional optional bereavement training is available through charilies Sike Cruse and Care for the Family. Some volunteers have also completed the Prison Service's bereavement cours8, Living wtth Loss, which is still being standardised across th8 prison estate. We continue to enhance our training and support offerings to ensure th8 highest quality programme delivery. Ev8ry bNo months, w8 host a one-hour online gathering for Pa61oral Care volunteers lo share best practices and concerns and lo praytogelher. HMPPS has also scheduled training for 30 more PF volunteers in 2024125. '8ereavem6nt is a key factor in much criminal béhaviour, gelling people sent to pnson. The effects of bereavement are also a blook to rehabilitation, keeping people in prison. Th8refor9 k is vital to provide support for recent and hrstOriG b&￿avementS for people in prison, so that they can move on with their lives and leave prison behind., Chaplain, HMP Lewes Partnershi $ and Relationshi We are dedicated to forwing both formal and informal partnerships that enhance the support we provide to individuals in prison. Vvith over 1.500 charities in the third 5e¢tor, we strive to collaborate with others in th6 field and benefit from their expertise. Throughout the year, we have engaged positively with various organisalions, and with direction from our new CEO, in 2C124125, w8 envision expanding our partnerships further by working with and signposting to additional organisations. Those that work wth us in a formal capacrty or on a regular basis are acknowledg&d below, and we appreciat8 their contribution8. HM Prlson and Probatlon Servic8 The partnership bel￿eern Prison Fellowship (PF) and HM Prison and Probation SeNice (HMPPSI is vital to our mission. HMPPS oversees the rehabilitation of individuals in custody and the ¢ommunity, and PF works closely with rts Chaplaincy d8partment in prisons across England and Wales. This longstanding relationship is buill on mutual trust and respect, allowing PF volunteers to intsgrate with mulli-faith chaplaincy t8ams and serve those in prison. Through this partnership. PF embodies our Christian values by treating every p&rson they eD¢ounter-whelher a prison governor or a person serving a life sentence with dignily and compassion. Page 7 Griffin Stone M05crop & Co C14AK[ÈREDPL￿NlANT5￿FECISTENEDAuD￿ Docuslgn Envelope ID-. D1A05AD8-F16C-4799-8EA(PFE2735BE2CDE PRISON FELLOWSHIP (A company Ilmlted by guarantee} TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 This partnership has been instrumental in expanding our ministry in r8cent years, Thanks to the support of HMPPS Chaplaincy, w8 have been able to launch programmes such as Prayer Line and were specifiGally invited to develop new programmes like Bible Studias and Pastor81 Care. We recognise the importance of this partnership and remain dedicated to nurturing it, understanding that our ability to serve effectively in prisons relies on this dèep, collaborative r&lalionship. Tho Welcome Dlractory Our partnership with The Welcome Dir8Ctory (TWDI, which began in 2021-22, has b&en a great opportunity for both organisalions to work together and support each other. TVVD'S goal of helping faith communitiès welcome prison leavers fits P8rf8Ctly wtth our mis51on to assist people as they transition from prison to the community. PF volunteers have been using TWD'S directory to connect prison leavers with faith communities that can offer support, which plays a key role in reducing the chanc8s of reoffending. This collabcration helps us continue our work in guiding people on their faith journey after prison, Slgnpost Signpost Is a service created for chaplaincy teams, Prison Fellowship voluntoers and others to find services that can support prison leavers as they re-ent8r th8 communty. Our partnership reprasenls a slralegic opportunityftjr both organisalions lo &nhance support f¢r people transitioning from pri80n. Signpost aligns well with PF'S mission to provide services without crossing security thresholds, facilitating engagement with younger volunteers and families of those in prison. Although Signpost is slill in its early stages and r8quire8 furth8r development, there is slrong support for integrating Signpost under PF'S umbrella. To move faThvard, the Board of Trustees has agreed to activeSy inve81igate the potential for raising the necessary funding Commitments over the next year. Prlson Fellowship Intèrnatlonal We are a founding member of the Prison Fellowship Intematlonal (PFI) famlly, which operate8 in 112 countries globally. This relationship allows PF to benefit from international best practices, reGeive praclical assistance, and offer support lo other national ministries. In 2023-24, we assisted national ministri88 in the rest of the UK, the Republic of Ireland, and France with th8 rollout of lh8 Sycamore Tree programme. Additionally, our partn8rship has made our weekly Bible Studies available for translation across Europe and the Central Asia regicn. Mothers, Unlon and Spuryeons: We ar8 grateful to the kind assistsnce the Mothers, Union and Spurgeons who giv8 us practical help in running ourAngel Tree programme each Christmas. UCB and oth8r medla oullets: Promoting PF'S work and helping us promote positive attitudes towards people in prison is much valued help from UCB and other media outlets. Prison Alpha and others: We are grateful to Prison Alpha and ather8 who give PF Volunteers the opportunity to Go-deliver spiritual programmes under Ihe mandate of local prison Chaplains. Prisons W6ek {PWI: During one week ea¢h October, PW facilitat8s the wider church across England and Wale5 focussing upon people in prison and Iheir familles, Junctlon 42: Junction 42 regularly provides Stories of Hope cell packs for those in prison. These packs contain spiritual and life-enhancing materials and through them we are most grateful that PF has been able lo place promotional materials for ils programmes. Book publlshers: Each year PF is assisted by publlsheTS who provlde disccunted or free high-quality, age- appropriate Chrtstian-themed book5 for distribution in our Ang61 Tree programme with the permission of the parent taking part in the sch8me. Thi8 year, we are grateful for the support of CWR, Demier. Ed8n, The Good Page 8 Grifffin Stone Moscrop & Co C14Afft.RfDO£cOU￿rAhl[56RE￿5I￿lEDAUD Docuslgn Envelope ID.. D1A05AD8-F16C4799-8EAO-FE2735BE2CDE PRISON FELLOWSHIP (A company limited by guarantèal TRUSTEES, REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2024 Book Company, SPCK and 10 of Thosa. Cruse: We are delighted that Cruse are 88316ting PF'S new Pastoral Care programme through the provision of expert tralnlng, undralsln Prison F811owship is most grateful for th8 long-term commitmenl of donors. Incom6 provided from Trusts and Partner bodies increased during the year by 3/0 to £212,754, PF is extremely grateful to all those who support our work financially including the following Trusts end Foundations in 2023124: Donations and grants giving £1.000 or mor6.. 1772 Charity, 29th May 1961 Charitable Trust, Anchor Foundation, Ashburnham Thanksgiving Trust, Barralt Developments PLC Charitable Foundation, C & K Sommer Trusl, Charity of th8 Wor8hipful Cr)mpany of Arbitrators, David Pickford Charllable Foundation, David Rtddell Memorial CIO, Dorema Charitable Trust, Elizabèth B8nn8tl Charitable Trust, Forest Hill Charitable Trust, Fulmer Charitable Trust, HDH Wills 1965 Charitable Trust, Hedley Foundation, Jerusalem Trust, Kent Community Foundation, Micha81 and Shirley Hunt Ch8rit8bl8 Trust, MrLpah Trust, Mrs R P Tindall's Charitable Trust, Music in Ministry Trust, Nichol Young Foundation, Raymond and Blanche Lawson Charitable Trust, Reed Foundaticn, Riv8r Trust, Sir James Roll Charitable Trust, Tesco Stronger Starts, Torrs Charitable Trust, Virgin Foundation, Whllehead Monckton Gharitable Foundation and Winifred Ei18en Kerrp Trust. Other donations and grants: Baron Davenport's Charity, Barry Davis Charitable Trust, Bentley Advancing Lif8 Chances Small Grants programme, Litllestone Charitable Trust, Marsh Charitable Trust, Newton Charitable Trust, Norman Evershed Trust, Oakdale Trust, S W Buckhursl Trust, Sir J8remiah Colman Grft Trust, Slockwell Charitable Trust, Sycamore Trust, Blakemore Foundation, Edgar Milward Charity, Moushill Trust, Rosaz Charity, Shone No.2 Charitable Trust and Sydney Black Charitable Trust. PF benefits from supporters whose foresight meant that the charity benefilted from their estates during the year. Giving in this are8 during the year was £60,075. Overall, PF'S donation income decr8as8d by £18,708 to £697,733. Looking fotward, PF will continu8 to follow a strategic fundraising approach based on 8XC8118nl research and planning. It is hoped this will lead to s welkbalanced, d8P8ndabl8, profession81 and cosl.effective fundraising operation.. Well-balanced- getting tha fundraising mix as it Should be, so that th8 charity is not over reliant on a particular Sour￿ of funding., Dependable - so Ihat planning eAn proceed with confidence., Cost effe¢tive- giving value for money to supporting donors, well run, not wasteful of cost or opportunities or prioritiés. Page 9 Griffln Stone Moscrop & Co CFi4RTEREOAC(LUNTINT5&￿￿5TERED￿￿lTOR& Docuslgn Envelope ID,. D1A05AD8-F16C.4799-8EAO-FE2735BE2CDE PRISON FELLOWSHIP IA company Ilmlted by guarantee} TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financlal Results The financial rosults for Prison Fellowship for the year 2023124 reported net expenditur8 of £28,700 (2022123 nat expenditure £14,548). Breakdown of total inccm8'. Source Donations Legacies Grants from charitab18 trusts & partner bodies Police Crime Commissioners Income from charitable activities, investment income and other Total 2023J24 422,658 80,075 212,754 2022123 421,383 80,274 206,374 8of totsl rior ar 28,/0 2,246 36,222 6,409 17,684 1/0 5Q/D 733,955 732,124 100• 100'h As can be seen from the tabla above, th8r8 was a rise in donation income and 18gacy incom8. All sources of income grew in the period under review. Income excluding legacy incorre and income frDm charitable activities and investment income wa8 up slightly by 0.5%. Overall expenditure increased by 2 /0. Breakdown of total exp8nditure: Source Raising funds Operational exp8nditure Conference costs Grants payable to partner organisation 76 Total 762,655 2023124 100,948 661,631 2D22123 95,543 650,803 133 193 746,672 /oage ptior year 50/0 1.6Q Reserv8s The Trustees, policy is lo hold res8Nes lo enable Prison Fellowship to plan and execute its important wort( over the médium term. This takes account of its commitments lo prisons and staff as well as volalilily In incoma. PF'S unrestri¢led reserve$ at th8 year-end were £527,829 {2022123 £548,196) a 40/0 decrease over the prior year. Th8 absolute minimum monthly amount required to meet its financial obligations in insolvency is estimated at £90,000 (2022123 £50,000). Investment policy The Board of Trustées has the power to invest in a wida range of ass8ts. Surplu5 funds were kept on deposit during Ihe year. Rates are r8viewed to 8nsure a satisfaclory return with appropriate flexibilty is obtained. Rlsk managem8nl The Trustees regularly monitor actual income and expenditure against formally approved budgets. No fin8ncial risks ar@ foreseen in the next financial year and the organisation is well placed to fulfil its plans and mission. Longer-term extemal risks arise from the challenging operating environment in prisons and the willingness of HMPPS and local prison Governors to support the ro18 ofthe third sector. Page 10 Grlffin Stone Moscrop & Co CWN.DAcc￿T￿NTS®￿￿ED￿t￿XF￿ls Docusign Envelope ID.. D1A05AD8-F1ec47oweEA￿FE2725￿E2¢DE PRISON FELLOWSHIP IA company limtt8d by guarantee) TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The Board holds an up-to-date register of risks lo the Charity. Risks are reviewed and thelr impa¢t and probability asses8ed annually by the Board. Should unforeseen risks arise during th8 y8ar, or known risks increase significantly, the CEO r8POrts such risks lo th8 Board so they may be assessed and furth8r mitigating actions planned. There are currently 13 risks on the risk register. All have mitigating actions, agreed as satisfactory by the Board. The four most significant risks are- Signrficant security breach by PF Volunte8r', Insuffici8nl staff to run organ isalion., PF'S reputstion is significantly damaged., Burnout of key slaff. Future Plans Prlson Fellowship's mission is simply stated.. ' To $170w Chrisfs love to people in prison by coming alongside tham and supporting them,. And our dream is that: 'Every lrfe in pnson is transfonneLY. We are coming to th8 end of our five-year slrategic plan. In 2024125, w8 ar8 once again focusing on the four themes and objectives below.. 'Chrlst centred and prison8r focused, PF'S internal work and extemal outputs will be demonstrably focused on Iransforming the lives of people in prison. Every contaGI with PF will show Christ's love. 'Volunteer engaged, PF will b8 mobilised through a co-created and highly- consultative organisation. Slructures, processes and competence will be present in PF that enable leadership opportunities for those who want tham. Th8 Volunteer basewill have grown by 50/0 per annum and an effective Ar8a Coordination group will be in place. 'Sustalnable and rasourcod. PF will have the people, finance and prayer support it requires to enter the next decade sustainably - confident of delivering its mission and goals, 'Exce118nl, lean and connected, PF wtll have a support team who operate simple, effeclive processes that enable Volunteers lo deliver PF'S mission with ease. There is unity and frea-flowing communication be￿een individual Volunteers, PF groups, Support Team and Trustees. Relationships are constructive, interdepend?nt and supportive of others fulfilling their ministry to people in prison. PF'S WO￿ is recognised by stakeholders as high quality and it$ expenditura is approprial8 for its size and donor profile, Strategic listenlng for our new five-year strat8gy and plans We have completéd a wide scale slrategi¢ listening process, which will infonn PF'S new five-year strategy. Our new Chief Executive, Catherine De Souza, will be developing and leading the delivery of this strategy in 2024125, Page 11 GrlfFin Stone M05crop & Co CW1￿0￿C¢QUNrA￿￿FE￿SWEDlu[IIWs Docusign Envelope ID.. D1AOSAD8-F16C479W8EAI>FE2735BE2CDE PRISON FELLOWSHIP (A company limit8d by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trustees, res onslbllltlos The Trustees (who are also the diredors of Ihe Company for the purpos&s of ¢ompany law) rasponsible for preparing the Trustees, report and the financial statements in accordance with applicable law and Untted Kingdom A¢￿unting Standards (United Kingdom Generally Acc6Pted Accounting Practice). Company law requires the Trustees to prepar8 financial statements for each financial year. Under corrpany law, the Trustees must not approve the flnanclal statements unless they are satisfied that they give a true and fair view of the stat8 of affairs of the Company and of its in¢oming resources and application of resources, including ils income and expenditure, for that period. In preparing th8s6 financial statements, the Trustees are required to.. select suitabla aceounling policies and then apply them consistently. observe the methods and principles of the Charities SORP {FRS 1021., make judgments and accounting estimates that are reasonable and prudent.. stat8 wh8th@r applicable UK Accounting Standards IFFiS 1021 have been followed, subject to any material departures disclosed and explainèd in th8 fin8ncial statements,. prepar8 the financial statements on the golng concern basis unless it is inappropriatg to pre8ume that the Company will continue in business. The Truste88 are r8sponsible for keeping adequate accounting records that are suffici8nl ID show and explain the Company's transactions and disclose with re980nab18 accuracy at any time Ihe flnancial position of the Company and enable them to ensure thal the financial statemenls comply with the Companies Act 2008. They are also r88ponsible for 8af8guarding the a88et8 of the Company and hence for taking reasonable st8ps for the prevention and detectlon of fraud and other irregularrties. Dlsc osure of Information to auditor5 Each of the persons who are Trustees at Ihe tim6 when this Trustees. report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audri infomiation of which the charitys auditors are unaware, and - that Tnjstee has laken all the steps that ought to have been taken as a Trustee in ord8r to b8 aware of any relevant audit information and to establish that the chariils auditors are aware of that information. The auditors, Griffin Stone Moscrop & Co, have indicated their willingness to continu8 in office. The designated Trustees wlll propose a motion reappointing the auditors al a meeting of the Trustees, Approved by order of the members of the board of Trustees on 21 Novpmb&r 2024 and signed on th8ir behalf by.. Mr P•tor Harlock Chair Page 12 Griffin Stone Moscrop & Co CHA￿1￿{E0￿cOl￿IFfft&TrEGllT01EDAuDTh5 Docusign Env8lop& ID,. 01AOSAD8.F16C47994EAQ.FE2735BE2CDE PRISON FELLOWSHIP {A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF PRISON FELLOWSHIP Opinion We have audited the financial statements of Prison Fellowship (the 'chartÈable ￿mPanY'1 for the year ended 31 March 2024 which comprise the Statement of financial a¢tivilies, the Balance sheet, the Slalement of cash flaws and the related notes, including a surnmary of significant aGGounling policies. The financial reportlng framework that has been applied in Iheir prèparation is applicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic OF Ireland, {Unfced Kingdom Generally Accepted Accountlng Practice}. In our opinion the financial ststements: give a true and fair vièw of Ihe stat8 of the charilable company's affairs as at 31 March 2024 and of its incoming resources and application af resources, including ils income and expendtture for the yaar then have been properly prepared in accordance with United Kingdom Generally Acc8Pted Accounting Practice- and have been prepared in accordance with the requir8m8nts of the Cornpanies Act 2006. Basls for oplnlon W8 conducted our audit in accordance with Intemalional Standard8 on Auditing (UK) (ISAS {UK)l and applicable law, Our responsibiliti8s under thos8 standards are further described in the Auditor8, re8ponsibilities for the audit of Ihe financial statements section of our report. W8 are independent of the chartiable Company in accordance with th8 ethical requirements that are relevant to our audit of the financial statemenls in the United Kingdom, including the Flnancial R8POrting Council's Ethical Standard, and we have fulfilled our other ethlcal r8sponsibilrties in aGGordan¢e wilh these requirements. W8 believe that the audit eviden￿ we hav8 obtained is sufficient and appropriate to provide a basis for our cpinion. Conclusions relating to golng concern In audtting the financial statements, we have concluded that the Truslees, us& of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the WO￿ we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or GollectlV81y, may cast signrficant doubt on the charitable company's ability to continue as a going concern for a period af at least twelvé months from when the financial statements ar8 authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of th1$ report. Page 13 Grlffin Stone Moscrap & Co c￿￿T￿DACc(L￿￿T5È￿E[hT￿TrALDif(￿5 Docusign Envelope ID.. D1A06AD8-F16C47994FAO-FE2736BE2CDE PRISON FELLOWSHIP {A company Ilmlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PRISON FELLOWSHIP (CONTINUED) Other Information The other information comprises the information included in the Annual report other than tha financial statement8 and our Audllors, report thereon. Thè Trustees are responsible for the other Infonnslion containad within the Annual report. Our opinion On the financlal statements does nol covar th8 Other infomiation and, except to the ext6nl othewise explicitly stated in our report, we do not express any fomi of assurance conclusion th8r8on. Our responsibility is to read the oth8r information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be m8t8rially misstated, If we identify such material inconsislen¢ies or apparenl material misslalements, we are required to detèrmin8 whether thi5 giv8s ri88 to a material misstatement in the financial statements th8mselves. If, based On the work we have perfomed, we conclude that there is a material misstatement of this other information, we ar8 required lo report that fact. We hav6 nothing lo report in thls regard, Oplnlon on other matters prescrlb8d by tho Companies Act 2006 In our tspinion, based on the work undertaken in the course of the audit.. the information given In the Trusteas, report for the financial year for which the financial statements are prepared Is consistent wlth the financial statement8. the Tru5tees' repcrt has been prepared in accordance with applicable legal requirements. Matters on whlch we ar8 r8quired to report by 8xception In the Itght of our knowledge and understanding of the charitable company and its environment obtained in the caurse of the audit, we have not identified material misstaternents in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report lo you if, in our opinion-. adequate accounting records have not been kept, or r8tums adequate for our audit have not been Teceived from branches not visited by us,. or the financial slalerments are not in agreement with the accounting records and retum8, or C8rtain disclosures of Trustees, remuneration specified by law are not made., or W8 hav8 not received all the information and explanations we r8quire for our audit,. or the Tru$te88 W8re nol entitled lo proparfj the financial statements in accordanGe with the small companie rggime and také advantage of the small Gompanies, exernplions in preparing the Trusl8as' r8POrt and from the requirém8nt lo prepare a Strategic report. Page 14 Griffln Stone Moscrop & Co cH4RTERED￿CC￿￿TANT$&REfjk%TO1EDAu1 Docuslgn Envelope ID.. D1A05AD&F16C47994EAO.FE2735BE2CDE PRISON FELLOWSHIP (A company limlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PRISON FELLOWSHIP (CONTINUED) Responslblliti88 of trustees As explained more fully in the Trustees, responsibilities Statement, the Trustees {wh¢ are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being Satisfied thal they glve a true and fair vi8w, and for such int8rnal conlrol as the Truslees determine is necessary to 8nable the pr8paration of finanGial statements that ar8 free from material mis$t8tement, whether due to fraud or error. In preparing the financial slatemenls, th& Trustees ar8 responsible for assessing the Gheritable company's ability to continue as a going con¢em, disclosing, as applicab18, matters related to going concern and using the going contsin basis of accounting unless the Trustees either intend to Ilquldate th8 charitable company or to cease operations, or have no realisti¢ alternative but to do so. Page15 Griflin Stone M05crop & Co CHARTERED￿cCU￿T￿NTSS￿EGIsTthDAllD￿ Docusign Envelopè ID.. D1A05AD8-F16c-4799-8EA￿FE273SBE2cDE PRISON FELLOWSHIP IA company limited by guarantee} INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF PRISON FELLOWSHIP (CONTINUED) Auditors, responglbllltles for the audit of th8 financial statements Our objeGtive$ are to obtain reasonable assurance about whether the financial statements as a whol& are free from material misstal8m6nt, whether due to fraud or error, and to Issue an Auditors, report that includes our opinlon. Reasonable assuranc8 is a high 18V81 of assurance, but is not a guarantee that an audlt Conducted in accordance with ISAS (UK) will always detect a material misstatement when il 8XiSts. Misstatements can arise from fraud or error and ara con8id8r8d material if, individually or in the aggregate, they could reasonably be expected to influence the economlc decisions of users tak&n on the bas18 of these financial st8tementB. Irr8gularities, including fraud, ar8 instanc6s ol non Net currenl assets 726,722 758,182 Total assets less current Ilabllltles 730,992 759.692 Total net assets 730,992 759,692 Charity funds Restricted funds Unrestricted funds 16 16 203,163 527,829 211,496 548,196 Total funds 730,992 759,692 The Trusteas acknowledge their responsibilities for complying wilh the requirements of the Act with respect to accounting re¢ords and preparation of financial statéments. The financial 81atemenls have b88n prepared in accordance wlth the provisions applicable lo entitles subject lo the small companies regime. The financial statements were approved and aLrthorised for issue by the Trustees and signed on their behalf by: PdLY Mr Peter Harlock Chair Dale: 21 November 2024 Mr Phillp Mlller Treasurer The notes on pages 21 to 35 form part of these financial statements. Page 19 Grlffin Stone Moscrop & Co CHbRTE[fDAcCCUNT￿NTS1ftEGfjTERE￿ALryT Docuslgn Envelope ID., D1A05AD8_F16C4799-8EAO.FE2735BE2CDE PRISON FELLOWSHIP (A company Ilmlted by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating a¢tlvltles Net cash used in operating activities 17,050 (79,9321 Cash flows from Investing activities Dividends, interests and r8nts from investments Purchase of tangible fixed assets 26,222 (5,3051 11,617 N8t cash provided by Investlng actfvitles 20,917 11,6q7 Cash flowg from financing activiti8s Net cash provided by financing activities Change In cash and cash equlvalents In the ygar Cash and cash equivalents at the beginning of th& year 37,967 755,739 168,3151 824,054 cash and cash equlvalents at the end of th8 year 793,706 755,739 The notes on pages 21 to 35 form part of these financial ststements Page 20 Grlffin Stone Moscrop &Co Docusign Envelope ID.. D1AD5AD8-F16C-4799-8EAO-FE2735BE2CDE PRISON FELLOWSHIP IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General Informatlon Prison Fellowship is a regislered charity with the Charity Commission for England & Wa168 {charity number,, 1102254) and a private company limited by guarantee, Inco￿orated in England and Wales (company number.. 05003795). The principal place of busin8ss can be found on the reference and administrative details pag8. Accounling poll¢iès 2.1 Basis of preparatlon of financial ststements The flnancial statem8nls have been pr8pared in accordance with the Charities SORP {FRS 1021 Accounting and Repcrting by Charities: Slatem8nt of Recommended Practic8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} {effeclive 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and th8 Companies Act 2006. Prison Fellowship meets the definition of a public bengfrt gnlity under FRS 102. Assets and Ilabilities ar8 initially recognised al hislorical ¢ost or transaction value unlass Oth8￿lSe stated in th8 relevant accounting Policy. 2.2 Income All income is recognised once the Company has entitlement to th8 income, il is probable that the income will be received and the amount of income receivable Gan be measured r81iably. Donations, together with any associated income tax recov8ry, ar8 recognised wh8n the donation is rec6ived. Legacies ar8 included when the chariLy is entitled to the funds. Where valuation of legacies cannot be readily determined at the year gnd, in the case Df unsold property or shares, the facts are disclosed as a note lo the accounts and the income recognised when the valuation b8COrn@s available. Other incDme is recognised in the period in which ti is receivable and to th8 extent the gr￿d8 have b88n provided or on completion of the service. 2.3 Expendltur8 Expenditure on operational programmes is r8cognised in the period in which it is incurred. Grants payable to partn8r organisations for projects are included in the Statement of Financial Activities when approved by the Trustees. Expendiiure on raising fijnds includes the salaries and related on-costs of the staff who promote nd-raising., and direct expendtture on fund-raising initiatives. Expenditure on charitable activiti8s is incurr8d on dir8clly undertaking the adivities which further the Company's objectives, as well as any associated support costs. All expenditure is inclusive of irre¢overab18 VAT. Page 21 Griffln Stone Moscrop & Co (H4RTEPEDPLc(V4TWqTr®￿YfjEDAU￿ Docusign Envelope ID: D1A05AD&F16C-4799-8EA(kFE2735BE2CDE PRISON FELLOWSHIP ' (A company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng polioleg Icontlnuad) 2.4 Interest receivable Interest on funds held on deposit is included when recelvable and the amount can be measur8d r81iably by the Company,. this is nomally upon notification of the interest paid or payable by the institution with whom the funds are deposited, 2.5 Tangible flxad assets and depreclatlon Tangible fixed assets costing £500 or more are capilalised and reccgnised when future economic ben&frt8 ar8 probable and the cost or value ofthe asset can b8 measured r81iably. Tangible fixed assets are initially reGognis8d at cost. Aft8r recognition, under the cost model, tangible fixed assets are m8asur8d at cost les5 accumulated depreciation and any accumulated impairment losses, All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of langible fixed assets less their r8sidual value over their 8Stimated useful lives, using the straight-lin8 method. Depreciation is provided on the following basis-. Offlce equipm8nt 2.6 Debtors Trade and other debtors are recognised at th8 S8tt1ement amount afler any trade discount offered. Prepayménts are valued at the amount prepaid nel of any trade discounts due. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of thr88 months or less from the date Of acquisition or openlng of th8 deposlt or similar account. 2.8 Liabilities and provisions Liabilities are recognised when thera is an obligation at the Balance sheet date as a result of a past 8vent, it is probable that a Iransfer of economic ben&fit will be required in settlement, and the amount of th8 settlement can be estimated reliably. Liabilrfcies are recognised at the amcunt that the Company anticipates il will pay to settle the debt or the amount it has r8ceived as advanced payments for the goods or services it must provid8. Provision$ are measured at the best estimate of the amounts required to Settle the obligation. Where the effecl of the tlme value of money is material, the provision is based on the pr6sent value of those amounts, discounted at the pre4ax discount rat8 that refiects th8 risks specific to Ihe liability, Tha unwinding of the discount is recognised in the Stalement of financial activities as a finance cost. Pag& 22 Griffin Stone Moscrop & Co CHIRTEREOICCOu￿￿￿J￿￿RE￿T￿E￿AUD Docu8ign Envelope ID.. D1A05AD8.F16C479>6EANFE27358E2CDE PRISON FELLOWSHIP (A company Ilmlted by guarant881 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies {conlinued 2.9 Financlal Instruments The Company only has financial assets and financial liabiliiies of a kind that qualify as basic finan¢lal instruments, Basic financial instrum8nts are initially re¢ognised at transaction valu8 and subsequently measured al their settlement value with th8 exception of bank loans which ar8 sub$equ8ntly measured at amortised cost using th8 effectlve interest method. 2.10 Penslon$ Th8 Company operates a defined contribution pension scheme and the pension charge r6presents the amounts payable by the Company to the fund in r8SP8Ct of the year. 2.11 Fund accounting General funds are unrestrict6d fund8 which are available for use at the discretion of the Trustees in furtheranc8 of the general objectives of the Company and which have not been designat6d for olh8r purposes, Reslrictsd funds ar6 funds which are to be us8d in accordance with specific restrlctions imposgd by donors or which have been raised by the Company for particular purposes. The costs of raising and adm inistering such funds are charged again8t the specffic fund, The aim and use of 88ch restricted fund is set out in th8 notes to the flnancial statements. Investm8nl income, gains and losses ar8 allocated to the appropriate fund. Page 23 Griffin Stone Moscrop & Co CHART￿EDA¢CmTth￿Ts&￿EG￿TEPEDALI￿T(￿5 Docusign Envttlo￿ ID.. D1A05AD&F16C47994Q4f&FE2735&E2CDE PRISON FELLOWSHIP (A company limited by guarantoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Incom6 from donations and legacies Restrlctod Unrestricted funds funds 2024 2024 Total funds 2024 Donations Legacies Grants from ¢haritabl8 trustees & partn8r bodies Police Crime Commissioner 159,465 263,193 60,075 99,383 422,658 60,075 212,754 2,246 113,371 2,246 Total 2024 275,082 422,651 697,733 Reslri¢ted Unrestrict8d funds funds 2023 2023 Total funds 2023 Donations Legacies Grants from charitable trustees & partner bodies Police Crlme Commissioner 143,324 19,364 112,659 3,145 278,059 60,91Q 93,715 3,264 421,383 80,274 206,374 6,409 Total 2023 278,492 435,948 714,440 Income from charltable activitles Unre5trlcled funds 2024 Total funds 2024 Sycamore Tree cours88 10,000 10,000 Tolal 2024 10,000 10,000 Page 24 Griffin Stone Moscrop & Co CHA￿1￿{E0￿(MU￿A￿&R￿SmlEp1uDrrO DD¢uslgn Envelope ID.. D1A05AD8-F16G-4700-8EAO-FE2735BE2CDE PRISON FELLOWSHIP IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from charllable a¢tlvltles (continued Unrestric18d funds 2023 Tot81 funds 2023 Sycamor6 Tree courses 6,ODO e,000 Total 2023 8,000 6,000 Investment income Unrostricted funds 2024 Total funds 2024 Deposif account interest 26,222 26.222 Total 2024 26,222 26,222 Unrestricted funds 2023 Total funds 2023 Deposit account inter88t 11,617 11,617 Total 2023 11,617 11,817 Page 25 Griffln Stone Moscrop & Co (PL4￿..￿￿Cc￿4T￿￿￿&RE5&TE￿EDA￿I Docusign Envelope ID.. L11A05AD8-F16C-4799-FSEAO-FE2735BE2CDE PRISON FELLOWSHIP (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on ralslng funds Costs of ralsing voluntary income Unrestricted funds 2024 Total funds 2024 Staff costs and consultancy faes other dir8cÉ costs 70,765 30,183 70,765 30,183 Total 2024 1 QIO,S48 100,948 Unrestrict8d funds 2023 Total funds 2023 Staff costs and consultancy fees Other direct costs 66,270 29,273 86,270 29,273 Total 2023 95,543 95,543 Page 26 Griffin Stone Moscrop & Co CYORTEREDlaOU￿A￿￿PEoST￿ED￿U￿4TORs Docuslgn Envelope ID., DIA05AD8.F16C47gg-8EAO-FE2735BE2CDE PRISON FELLOWSHIP (A company limited by guaranta81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysi$ of expenditure on ch8rltsble actfvitles Summary by fund typo Restricted Unrestricted funds funds 2024 2024 Total 2024 Opèrational Programme8 Grants payable to partner organisation 283,415 378,216 78 861,631 76 Total 2024 283,415 378,292 661,707 Re8tricted Unrestricted funds funds 2023 2023 Totsl 2023 Operallonal Programmes Conferen Grants payable to partner organisation 273,536 377,267 133 193 850,803 133 193 Total 2023 273,536 377,593 651,129 Analysis of expenditure by activitleg Acllvltles undertaken directly 2024 Support costs 2024 Total funds 2024 Opèrational Programmes Grants payable to partner organisation 653,486 76 8,145 661,631 76 Total 2024 653,562 8,145 661,707 Page 27 Grlffln Stone Moscrop & Co tsWKtr.WJAmJJNTrw5®ISIEWML￿[ro Dricuslgn Envelope ID.. D1A05AD8-F16C-479uEA￿FE273SBE2cDE PRISON FELLOWSHIP (A company limited by guarantao) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of 8xp8ndilure by activities Icontinuedl A¢tivities undertaken directly 2023 Support costs 2023 Total funds 2023 Operational Programme8 Conference Granls payable to partner organisalion 643,988 133 193 6,815 650,803 133 193 Total 2023 844,314 6,815 651,129 Auditors. remuneration 2024 2023 Fees payable to the Companls auditor for the audit of the CompanW5 annual account5 6,250 5,400 10. staff Costs 2024 2023 Wages and salarres Social securily costs Contribution lo defined Contribution pansion schem88 404,133 33,925 11,606 364,723 31,342 9,597 449,864 405,682 Th& average number of persons employed bythe Company during the year was as follows.. 2024 No. 2023 No. Employe8s 14 13 Page 28 Griffin Stone Moscrop & Co Docu8lgn Envelope ID.. D1A05AD8-FI 6C-479g-8EAO-FE2735BE2CDE PRISON FELLOWSHIP IA Company limitèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. Staff costs {continuedl The number of employees whose employee benefits lexcludlng employer pension costs) exce￿ed £SO,000 was: 2024 2023 In the band £80,001- £90,000 The key management of p&rsonn81 of the charity, comprise the Irustees and the CEO, The total ernployee benefits ofthe key management of the charilyw8r8 £97,751 {2023'. £98,319), 11. Trustees, remunerallon and expenses During the year, no Truste8s rec6iv6d any remuneration or other benefits (2023 - £NILI. During the yaar 8nded 31 March 2024, expenses totalling £35 were reimbursed or paid direclly lo 1 Trustee12023 - £1,312 to 8 Truste8s). Page 29 Griffin Stone Moscrop & Co CFl￿1T￿￿D￿COwm&RE&MThÉDAVFrfTORS Docusign Envelope ID: D1A05AD8-F16C-4799-BEAO-FE2735BE2CDE PRISON FELLOWSHIP IA company Ilmlted by guarant88} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tanglble flxed assets Offlce equlpment Cost or valuatlon At 1 April 2023 Additions 76,926 5,305 Al 31 March 2024 82,231 Doprgciation At 1 April 2023 Charge for th6 year 75,416 2,545 At 31 March 2024 77,961 Net book value Al 31 March 2024 4,270 At 31 March 2023 1,51Q 13. D8btors 2024 2023 Due wlthln ona y8ar Trade debtors Prepayments Tax recoverable 7,067 16,085 2,463 67 76,602 2,011 25,815 78,880 Page 30 Griffin Stone M05crop & Co (TrL4R7EREDACC(XM￿T38REG￿lEPEDA￿￿T(￿5 Docuslgn Envelope ID.. D1AOSAD&FI6C479￿8E￿￿FE2735BE2cDE PRISON FELLOWSHIP (A company limited by guarant88) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Crodltors: Amounts falllng duè wlthln on8 year 2024 2023 Trade creditors Olh8r taxation and $ocial security Olher credrior5 Accruals and deferred Income 11,165 11,262 47,883 22,289 8,381 7,585 39,355 20,936 92,599 76,237 15. Financial instruments 2024 2023 Financial assets Financial assets measured at falr value through income and expenditure 793,706 755,739 Financial assets measured at fair velue through income and expenditure compri58 cash at bank and in hand. Pag8 31 Grlffin Stone Moscrop & Co 04tsRTUEDACCaXIW4T56IEGSTEREDAWITCffl5 Docuslgn Envelgpe ID.. D1AOSAD8-F16C4799-8EAQ-FE2735BE2CDE PRISON FELLOWSHIP (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statement of funds Statement of funds- current year Balance at 31 March 2024 Balancg at 1 April 2023 In¢ome Expendlture Unrestrlctsd funds General Funds 548,196 458,873 (479,240) 527,829 Restrl¢ted funds Angel Tre8, held centrally Sycamore Tree courses generally, held Centrally Sycamore Tr88 courses at specific prisons, held centrally Volunteer D8velopm8nl other groups funds, held by regional groups Angel Tre8, held by regional grDUPS 86,350 100,595 1113,8921 73,053 50,207 {50,207} 19,479 23,051 33,243 49,373 25,354 43.116 24,189 31,621 129,690) 143,116) 116,956) 129,554) 16,143 23,051 40N76 51 A40 211,496 275,082 {283,41 S) 203,163 Total of funds 759,692 733,955 {762,655) 730,992 Pag8 32 Grlffln Stono Moscrop & Co a"LbATERllDAmNwfs&FEllStEPEDWThT Docuslgn Envelope ID.. D1A05AD8-F16C-4799-BEAO-FE273SBE2CDE PRISON FELLOWSHIP (A company Ilmlt8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statement of funds (contlnuod Statam9nt of funds- prlor year Balants at 31 March 2023 Balanc8 at 1 April 2022 Transfers inlout Income Expanditura Unr8stricted funds G6n6ral Funds 567,700 453,632 1473,136) 548,196 Restricted funds Angel Tree, held centrally Sycamore Tre8 cours8S generally, held centrally Sy¢amore Treé cours8s at specffic prisons, held centralty Volunteer Developm8nl other groups funds, h81d by regional groups Angel Tree, held by region81 groups 82,783 127,39S {123,8291 86,350 16,128 116,128) 26,503 50,120 33,395 (57,144) (10,344) 19,479 23,051 54,161 14,825 (32,032) (3,711} 33,243 43,093 38,628 {34,059) 3,711 49,373 206,540 278,492 1273,538) 211,498 Total of funds 774,240 732,124 1746,672) 759,692 Angel free - Angel Tree provides Christmas presents for the children of prisoners, thus helping family links to be maintained. Angel Tree funds held cgntrally . This fund r8pr8S8nts Angel Tree monies held by PF ¢enlral office. Angel free funds held by locally- This fund represents Angel Tre8 monies held by PF local groups. Sycamore Tree courses - Sycaniore T￿e courses are accredited programmes for prisoners on victim awareness and restorative justice. These funds r8pr8sent donations that have been provided spe¢ifi¢ally lo fund these courses,. either acr05S the sector, or in specific prisons or groups of pri$on8. Other funds held by Local Groups This represents b818nces h8ld by local Prison Fellowship groups operating throughout England and Wales, for local Prison Fellowship relatéd activrti8S. Page 33 Griff in Stone Moscrop & Co cHA￿tER￿￿c￿￿[￿NT5lF[￿1sTERtD￿￿ Docusign Envelopè ID.. DIA05￿n8-F1oC47g9-8EAo-FE273SBE2cDE PRISON FELLOWSHIP (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysls of nat assets belween funds Analysis of net assets between funds- current perlod Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due wllhln one year 4,270 616,158 (92,599) 4,270 819,321 (92,599) 203,183 Total 203.163 527,829 730,992 18. Reconclllatlon of net movement in funds to net cash flow from operating activiti08 2024 2023 Nel expenditur& for the period {as per Statement of Financial Activities) 128,70D} {14,548) Adlustments for: Depreciation charges Dividends, interests and rents from investments Decreasellincre8se) in debtors Increase in creditors 2,545 (28,222) 53,065 16,362 4,480 111,6171 163,3991 5,152 Net provldad byllused in} operating activities 17,050 179,9321 19. Analysis of cash and cash equfvalents 2024 2023 Cash in hand 793,706 755,739 Total cash and cash equivalents 793,706 755,739 Page 34 Grfffin Stone Moscrop & Co Docusign Envelope ID: D1A05AD8-Fl6￿79g-8EA(kFE273sBE2GDE PRISON FELLOWSHIP (A company Ilmitèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Analysls of changes In net debt At 1 Aprll 2023 Cash flows At 31 March 2024 Cash al bank and In hand 733,739 37,967 793,706 755.739 37,967 793,708 21. Pension commitm8nts The group operates a defined ￿ntribUtIon pension scheme. The assets ofthe sch8m8 are held separat8ly from those of th& grDUP in an ind8P8nd8ntly administered fund. The pension Cost charge represents contributions payable by the group to the fund and amounted lo £11,80812023 - £S,597). No amounts w8r8 payable to the fund at the balance sheet date, 22. Operating leas8 commitments At 31 March 2024 the Company had commitments to make fLrture minimum lease payments und&r non- cancellable operating leases as follows., 2024 2023 Not lal8r than 1 year Lat8r than 1 year and not later than 5 years 20,389 3,422 26,678 23,810 23,811 50,488 Related party transactlons Thè charity ￿e1Ved total donations of £5,070 {2023 - £7,430) from the trustees during the year. Page 35 Griffin Stone Moscrop & Co c￿A￿tERED￿c(0uNI￿Nrs￿REG￿yER[.DhUD1rORS