11
THE FORGIVENESS PROJEcr
Charity No. 1103922
Company No. 05042288
Trustees, Annual Report and Financial Statements
for the year ended 31 March 2025

The Forglveness Project
Financlal Statements for the year ended 31 March 2025
CONTENTS
Pages
Report of the Trustees
1-11
Company Inforiiiatlon
12
Independent Examlner's Report
13
Statement of Flnanclal Activitles
14
Balance Sheet
15
Notes to the Financial Statements
16-22

The Forglvene$s Pro5ect
Trustees Annual Report for tha year endad 31Bt March 2025
The Trustees who are also directors of the charity for the purposes of the Companies Act 2(X)6
present their report with the financial statements of the charity for the year ended 31" March 2025
PRINCIPAL AcrivrriES
The charity's objectives are to promote, for the public benefit, the provision of services in the fields of conflict
resolution, reconciliation and mediation. In shaping our charitable purposes for the year, The Forgiveness
Project has consldered the Charity Commlsslon's guidance on public benefit when plannlng our artivities. We
are an organisation intent on promoting restorative approaches as widely as possible and therefore have given
careful consideration to extending our reach by creating more online events and adopting a 'pay what you can,
model of remuneration.
The Forgiveness Project provides opportunities and resources for people to explore the complexities of
forgiveness. Rooted in the belief that stories have the power to transform, we collect and share personal
narratives that illuminate restorative responses to harm and conflict. Our mission is to restore and humanise
both ourselves and our communities. Through storytelling and creative methodologies, we collaborate with
individuals who have experienced pain and trauma. Our work is a process of exploration and Inquiry, creating
spaces where meaningful conversations can emerge and grow.
The Forglveness Proje￿$ overarchln8 aim Is:
To promote and cultivate a curiosity around non-violent and restorative responses to hate and
division as well as explore the myriad of different ways that forgiveness can benefit the world.
Last year saw our 20 anniversary, and we recognised the need to be as bold as when we began
because the world is in even greaterturmoil, wFth society dangerously polarised and divided. For
this reason, The Forgiveness Project's influence is especially important. We know the power of
storytelling and have seen how stories that focus on compassion and connection help people stay
curious to d ifferent perspectives.
This year we have successfully achieved our goal of reaching new audiences here tn the UK and
across continents. This has been achieved in part by developing a new dynamic, creative strategy to
build new relationships and harness collaborations through the power of the arts. This has been
incredibly rewarding for the entire team, and our community of storytellers, peers and academics,
and is evidenced by feedback received from those in our network.
henever I receive a communicationfrorn The Forgiveness Project, it touches a chord, I'm so happy
to be able to help the work of TFP.-. member of our Supporters, Programme
"I did not expect such on outpouring of love ond kindness, ond it s been a relief to let the story live
somewhere else than in my body. I'm grateful to have had the opportunity to work with you ond I'm
hopeful that the story will have its own journey.". Julie Lambert, Storyteller
"The Forgiveness Project- it'5 become a roaring river infvllflow. Look at the amount you are doing.
8efore itfelt very sepGrGted but now all these new series of events, ideos and programmes is
gatherlng momentum in the world, affecting a lot of lives in a continuum. It's got its own current and
it's wonderful to be part of this."_ Angela Findlay, Storyrteller

The Forglveness Project
Trustees Annual Report for the yéar ended 31" March 2025
Collaboratlng wlth and supporting our storytellers:
Our community of over 170 storytellers remain essential to our work enabling us to create a platform
for restorative solutlons and to help othèrs process and make sense of conflict, pain and trauma. We
are prioritising our storytellers by raislng their visibility in our newsletters, blogs, online events, and
public facing engagements, as well as Inviting them to be co-creators of our new models of practice.
Our aim Is to offer our storytellers the agency to fully utilise their skilFs and experlence In those areas
of our work with, ivhich they are engaged Typically, they are worklng in isolation and have repeatedly
told us how much it helps theiTi have theirvoice heard when working in partnership with The
Forgiveness Project. We are thus moving forward in implementing a collective model of collaboration
through initiatives such as our new grassroots model The Forgiveness Café, which not only brings our
storytellers more centrally into our work, but also allows us to plafform their stories, lived
experiences and wisdom. We are facilitating opportunities for our storytellers to work together and
alongside the rest of our team and peers, with the belief that this will allow them greater connection
to our patrons and audience while allowing them to have their say in the creative direction of our
work.
2024-2025 AcfiviTIES
I. ENGAGING NEW AUDIENCES
'The F Word, Exhibition:
In the past year in the UK, 'The F Word, has been shown at St Edmundsbury Cathedral and Frome
Kindness Festival. In the US, it was hosted by the Fox Valley Unitarian Church in Wisconsin.
In January of 2025, we make the strategic decision to pause the circulation of our'F Word, exhibition.
We did so to evaluate the specific strategy needed for this resource; particularly in constdering how
we wish to use this to complement our wider team strategy, and where exactly we would like to
deliver it. Similarly, our USA version of the exhibition has been removed from public use. With both,
we aim to establish next steps in the evolution of this tool that has served us since our organisation's
inception, namely in how we might be able to digitise it and make st more readily accessible for our
followers around the world.
51
Forglveness: An Exploratlon US book tour
Jn April, Marina vislted lowa, Wisconsin and Minneapolis prorrioting her book Forgiveness." An
Explorotion which had recently been published in America. The tour was organised by Louisa Hext,
The F Word exhibition's North American curator. Marina presented and held discussions at 3
colleges, 3 bookstores, at a salon-style private event, plus a university church in Minneapolis where
alongside Louisa she also gave the lay sermon on forgiveness.
Marlna and Sandra on The Talk Show
On Tuesday July 2nd, Eddy Canfor-Dumas and Peter Osborn from The Centre for'creative
Conversatlon launched their online series The Talk Show which featured Marina and Sandra as their
first guests. Here, Marina and Sandra discussed the power of personal communication in building

The Forglveness Project
Trustoes Annual Report for the year ended 31" March 2025
connection, how people reconcile and rebuild their lives following, trauma, and the value of effective
talking and listening in allowing individuals to overcome these divÉdes.
Along the Seam podcast
In November 2024, Marina was invited to speak on Rachael Cerotti's Beyond the Seam Podcast. Here,
the two discussed the origin5 of The Forgiveness Project as an organisation, as well as the depth and
complexity of forgiveness as a toplc.
Post-show dlscusslons for As Long As We Are Breathing Il
In February, Sandra"was invited to facilitate two post-show conversations following performances of
As Long As We Are Breathing, a moving and immersive production that recounts the true story of
Miriam Freedman's journey from surviving the Holocaust to finding healing. This discussion was
curated in collaboration with the Arcola Theatre, who hosted the play. On the 12th, Sandra was
joined by the play's writer, Diane Samuels, for a discussion on how the creative arts can help in the
exploration of stories and healing from pain.
Frome Kindness Festival 2025
On the 18th of March, Marina delivered the keynote lecture at Frome Kindness Festival 2025, which
Is a unique celebration of the transformative power of kindness. Marina's lecture, entitled
"Forgiveness and Kindness: An Exploration" discussed the relationship between and the profound
potential of both forgiveness and kindness, and marked the beginning of this communal gathering
which sought to hightight the impart they have on our relationships and mental and physical
wellbeing.
2. DEVELOPING OUR PROGRAMMES
Forgiveness? A Space for Inquiry
On Tuesday, 24th September, to mark our 20th anniversary, we held our first online space for inquiry,
discussing the tricky, enticing and intriguing nature of forgtveness. The event was also in support of
Peace Through Forgiveness, the international organisation founded by one of our storytellers, Aztm
Khamisa. We were extremely pleased with the turnout of 76 attendees for this event, as well as the
responses the gathering provoked. From this event, we began thé process of shaping and planning a
new series of themed conversations and reflection sessions which helped to form the basis of our
Forgiveness Cafe Initiative.
Building Bridges Across the Divide
On the 16th of October 2024, to mark the 40th anniversary of the Brighton bomb, long time
storytellers Patrick Magee and Jo Berry joined Marina in conversation at St James's Church in
Piccadilly, London. This event wa5 a return to an in-person format reminiscent of our annual lectures,
which we ran prior to the pandemlc, and the discussion focussed on the courage and complexity of
Patrick and Jo's healing journey that had developed over 24 years. Despite the fact that Patrick killed

Tho Forglvenes3 Project
Trustees Annual Report for the year ended 31rt March 2025
Jo's father, their story has become a profound example of reconclllation and the power of
compassion. Their experience is unique in the world and has been the subject of peace studies and
conflÉct transformation education globally.
Forgiveness at the Dlnner Table
Our final event of 2024 offered a space for discussion around forgiveness as it relates to the familial
and interpersonal. Framed around the hollday season, where many of us face complex emotions and
unresolved family tensions, the virtual "dinner table" experience explored the potential for
restorative responses in the context of family dynamic5 and difficult conversations. This event was a
further trial of the new interactive model we had adopted for our virtual events previously in the
year. We hosted 35 attendees, many of whom shared positive feedback:
-Ifound it very supports've at o time when I hove been struggling with afamily issue, especiolly the
idea of how to let go of expectations and comparisons....it Is so painful to discover it that there is dis-
ease between some members of myfamily and I longfor us all tofind ease and acceptance. So thank
you. Good to know l ain not olonel - Event Attendee
Forgiveness and Crlminal Justs"ce
Our largest online event of this year at 122 attendees, Forgiveness ond Criminoljustice was an
exploration of two topics that have been some of our core investigations over the past 20 years.
Hosted by our Sandra Barefoot and featuring Jacob Dunne, eminent forensic psychiatrist, Dr. Gwen
Adshead, and two of our storytellers, Anne-marie Cockburn and Dunia Shafik, the event sought to
contemplate the question 'are we more than the worst thing we have ever doney. (!
"Everyone there came with a deep response to the subject offorgiveness, often through lived
experience." and "Such sensitive issues so brilliantly dealt with. Such cornpassion thank you"_Event
Attendee
The Forgiveness Café
Alongside consulting 3nd collaborating with a variety of organisations to deliver a range of pub-lic
ents and initiatives, we have also developed and initiated a new interactive grassroots model. The
Forgiveness Cafe, which offers a space for communities to engage with meaningful conversations
about forgiveness both online and in-person. We have already sought funding for thÈs from The
Guerrand-Hermès Foundation for Peace and the Westway Trust, both of whom expressed great
excitement and intrigue at news of this project, with the Westway Trust revealing that our vision was
the most popular grantee of our funding round. We are also seeking further funding to begin the
delivery of this Café to local groups in Grenfell and North Kèrisirigton with the revised title of Stories
have the Power to Transform.
RE5foRE: Work in prison:

Tha Forgiveness Project
Trust883 Annual Report for the year ended 31•t March 2025
Early this year, we recebved conflrmatlon that we were able to return to our RESTORE prison
programme and deliver two Instalments'in the NEXUS Unit of HMP Eastwood Park. Here, we were
able to proceed with plans whlch involved with engaging a neiv community of women in this pri50n
who were in the process of resettlement within the NEXUS Unit.
3. PARTNERSHIPS AN.D COLLABORATIONS
Conversations wlth Shame Symposlum and 34ay workshop In Sydneyi
Australia.
In early April, Sandra was joined by our colleague Ruth Chitty in Sydney to lead, pr'esent and facslitate
a one-day symposium and bespoke three-day immersNe workshop in collaboration with Matthew
Clarke and Annabella Rossini-clarke. This programme was open to practitioners working with the
dynamics of shame in prisons, Restorative Justice, Acadèmia, Education, Health and community,If
chaplaincy and counselling, who wanted to learn from the methodologies we use in our RESTORE
, programmes. Over 60 people attended the Symposium as well as a core group of 10 participants who
attended the three-day immersive workshop. Many left posltive feedback which provided us with a
template of success for future programmes:
"Thank you so much for o very engaging, thoughtfvl experience. Itfeels like it has loid on important
fvundats'on stone towards the next phase of my life."
And:
-The experience offaci'litation of this workshop was World CIGSS l Deeply considered, and well
informed, flexible and personal."
Punch at the Nottingham Playhouse and Young Wic Theatre, London
On Friday 10th May 2024, we were thrilled to initiate and lea-d the first post-show talking circle
following a showing of Punch at the Nottingham Playhouse. We had curated this discussion alongside
Jacob Dunne and the Nottingham Playhouse, which was facilitated by Jacob and Sandra, and
featured Marina alongside our colleague Ruth Chitty and cast member Julie Hesrnondhalgh. Here,
we discussed forgiveness and all its implications in this real-life, beautifully staged, story of judgment,
redemption and forgiveness. Over 2(X) people stayed to attend this discussion indicating to us all the
impact of this play and p'éo'ple's need to engage in discussions about the themes this play brings up.
This collaboration with Punch continues into 2025- forTuesday the Ilth of March, we curated and
dellvered a second post-show discussed alongside the Young Vic, where Punch had transferred to.
Once again, we witnessed most of the audience (400 people) stay to listen to this discussion. As a
result of this impact, we were delighted, as part of our new consultancy strategy, to begin
conversation with Kate Pakenham of KPPL productions to explore the curation and administration of
series of nine post-show conversations entitled After'the Punch, to compliment showlngs of Punch,
which is due to move to the West End in the autumn.
Integrlty and Dlqnlty: The Ethlcs of Restorative Narratlves presentation In Kl8all, Rwanda
In July, Sandra and Marina presented a lecture entitled Integrity ari'd Dignity.. The Ethics of
Restorative Narrotives as part of the Listening and Leading.. The Art and Science of Peace, Resilience
and Transformationoljustice conference organised by the Aegis Trist In Kigall, Rwanda. The
conference hosted internationally known scholars, peace prattitioners, educators, policymakers, and

The Forglvenoss Project
Trustees Annual Report for the yéar ended 31" March 2025
community bullders, all of whom are committed to reconcillatlon, peace and transformatlonal justice
as a path to a resilient and just future. The conference also marked 30 years since the Genocide
against the Tutsl and the country's emergence from devastation into one of the world's leading
natlons in peace and reconciliation.
4: STRATEGIC DEVELOPMENTS
The Forglveness Project Substack Newsletter
We became aware there was a need to reignite a new communications strategy and create dynamic
public facin8 events that were responsive to the time5 we find ourselves in. As a result, we re-
designed our newsletter, blo85 and social media to increase our relevance, and influence. This
change was made in December, creatin8 a significant increase in public engagement, subscribers,
donatlons and supporters. We currently have 7,118 subscrlbers, and average around 6,000 views per
publication. This is a significant imp.rovement to our views from last year, which"averaged around
3.5k per publication.
Digital Developments
One of the long-term goals of The Forgiveness Project is to develop the world's leading Forgiveness
Hub, which is a space built around and inspired by restorative narratives, offering a central place for
learning, reflection, and hope. Our charrty has produced and offers a wide range of resources across
different media. text, photography, video, and audio, and we wanted to reorganise our website to
th
make these Materials more easily and readily accessible to everyone. For our 20 year, our atm is to
revitalise our website with more photographs to reflect the vibrancy of our communities and the
diverse attivities of our organisation. We also refreshed our brand's typography and colour scheme,
reflected in the new logo and website design.
In terms of digital fundraising, ive are working towards a method of giving supporters a full range of
ways to contribute to our work. Our aim 15 to make it as simple and seamless as possible for people
to support our organisation, offering a wider range of giving Options and placing them prominently
across our website: In the coming year, we aim to introduce QR codes to make setting up monthly.
donations quicker and easier; Previously, individuals had to èmail us to join our Supporter
Programme and become regular donors, but we are now stepping towards a system through which
they can choose thelr donation amount, preferred payment gateway, and platform directly through
our website.
Our aim for the coming year is to thus expand on our social media presencé through working
collaboratively with Jacob Dunne. Here, we will plan and design new social media content. Our focus
is to identify content types that both reflect current trends and stay true to our core themes of
forgiveness and related concepts. In addition, we are seeklng to collaborate with like-minded
indivsduals and organisations, sharing their posts and amplifying conversations around forgiveness,
restorative justice, and our shared humanity.
Workkng with our Trustees throughout thls process has been both encouraging and reassuring. Their
wealth of knowledge and experience has been invaluable, and it has been comforting to know that
they are approachable, reliable: and genuinely eager to share their expertise. They have been
consistently supportive and responsive
whenever we had a question or sought feedback, they
were ready to offer thoughtful input and guidance.

The Forgiveness Projèct
Trust083 Annual Report for the year ended 31•t March 2025.
Changes In ourTeam
With a transformative shift in our governance board, we have now formed a smaller configuration of
new Trustees. Matthew Cahill remained Chalr as a transitional board member from April 2024-
September 2025. In late 2024, we welcomed Helen Walker, Thea Platt and Mary Locke to our board
as our trustees.
01
In house, and alongside the r'estructurlng undertaken last year, we have been worklng with the close
support of our new Board of Trustees alongside Jacob Dunne in his new role on our team as Creative
Strategist: In late 2024, James Graham received the Kevin Pakènham Prize for Punch, and he awarded
his £5,000 in prize money to our organisation. These funds allowed us to offer Jacob a post-within
our team. through which he lias been leading with his own knowledge and experience of advocacy
with younger audiences and social media platforms as central sites of messaging and engagement:
He has been workin8 closely with our Communications Manager to develop our social media
strategy.
The decision to bring Jacob into our team and harness his individual skills is one example of a wider,
model of collaborative leadership our team have adopted. With Sandra Barefoot becoming more
central in her leadership as Exècutive Director, she has strategically shifted our priorities to include
new artistic collaborations and models of working that both expands our public profile and ascertains
wide-ranging relationships with new, diverse communities. As an artist herself, Sandra is fully aware
of how we can harness the power of the arts to share restorative narratives and bring in new
audiences to our work and how, in doing so, we are able to further realise our aim to help people
break cycles of harm and create a more compassionate world.
yfl;
Reflecting on our Strategy,
Our projected strategy this year sat clearly in our core belief, namely that 'Stories have the power to
transform: We find ourselves in a time when families and communities are increasingly polarised,
and wé are grateful for our audience who express appreciation for the input of The Forgiveness '
Project:
"l am so grateful that you are in this worldl Please know all you have done and continue to do makes
a huge difft"rence."
- Event Attendee
our work blows my mind and I'm in Gwe of the steps you have token to assist people on the journey
offorgiveness. It's so thought provoking and vitalfor hur7?onity to moveforward both on a macro and
micro level."_ Event Attendee
"I think your website is amazing.1 l am now coming to the end of my teaching career but wish I had
found it sooner. Whot an amazing résource.-
Website Visitor
To bolstér our influence, we understood the need to continue ratsing our profile and generating more
Income. Through utilistng the skills of our Communications Manager, as well as the experience of our
Creative Strategist, we have altered the strategic direttion of our online presence, which includes
collaborating with our peers in new forms of media, creating new and engaging social media content.

Th8 Forgiveness Project
Trustees Annual Report for the year ended 31" March 2025
and prioritising our newsletter as a central hub of communtcation between our audiences. We have
found that our followers have responded more openly to this messaging, engaging directly in the
content and commenting or messaging their personal reflections. Individual donations from those
interested In our work have also remained steady, whlch, when combined wlth our regular donors,
offers a good pipeline of support, and we anticipate that the changes we made to our public
messaging about the variety of ways to support our work will bring more in.
Through the activities Ilsted we have realised our second primary objectlve: Namely, to increase our
alignment and presence in the UK and globally as thought leaders, with expertise to offer tools, skills
and methodologies in the field of forgiveness, Restorative Narratives, cojlection of stories, the..
facilitation of difficult conversations and group led processes. Through our numerous commissions
and consultations with different individuals, organisations and industries, we have been able to
harness the influence of our collaborators and deliver new, relevant and inclusive work to new,
diverse communities.
Strategic intentions:
For the coming year, we are embracing new models of working that centre on creative collaboration,
and this is leading to exciting and unexperted partnerships. In a challenging funding climate for small
charities, our evolving strategy is focused on abundance and cooperation, rather than operating from
a place of scarcity. This approach requires us to stay deeply committed to building meaningful
relationships with our peers, storytellers and network, taking bold steps to pilot participatory events,
and engaging new and younger audiences. We are also developing grassroots models that we hope
will inspire and influence high-profile donors and supporters to join our mission.
A key part of this strategy involves building strong foundations for long-tèrm collaboration with like-
minded organisations, an example being the Common Ground Justice Projert. These partnerships
reflert a shared desire for deeper, more meaningful connection, rooted in the need to truly listen to
one another, both on a micro and macro level, in an increasingly divided world.
We are also focused on clearly communicating our value: articulating our "ask," highlighting our
skills, and promoting our expertise in consultancy.
Storytelling remains central to our work. Our ongoing collaboration with colleagues in Rwanda,,.
particularly through exploring the archiving of testimonies from reconciliation villages, underscores
the power of story as a tool for healing and restoration in the aftermath of genocide. This work is
shaping our priorities for the coming year, especially through the development of the Forgiveness
Café model.
We are exploring curating specific story collections that draw diverse audiences into our work,
whether they relate to end-of-life care, surrfiving genocide, or events IFke Grenfell. These stories do
not just inform, they connect, inspire, and invite people into a shared journey of understanding,
compassion, and artlon.
TRUSTEES

The Forglveness Project
Trustees Annual Report for the year ended 31•t March 2025
The role of the Trustees is to help the staff team define the overall strategic direttion and policy of
The Forgiveness Projett, and to ensure it fultils its vision whllst conformlng to appropriate stsndards
of financial and legal probity, Trustees have and must accept responsibility for ensuring that it is
solvent, well-run, and deliverlng the charltable outcornes for which it has been set up. Alongside this
The Forgiveness Project has developed a form of governance that models a process of exploration
and inquiry.
Central to thls process are the core values of The Forgiveness Project: integrity; empathy; respect for
each individual's contribution, story and perspertive. open reflection; and restoration. All operational
decisions are taken by staff. All trustees give of their time freely and no trustee remuneration was
paid in the year. Details of trustee expenses and relatéd party transactions are disclosed in the
accounts. Trustees are required to disclose all relevant interests and register them with the Director
and in accordance with the Trust's poliorf withdraw from decisions where a conflict of interest arises.
New trustees are recruited on the occasion that an existing trustee retires or a gap in skills is
identified. Potential new recruits proNiide a C4 and have an interview with a selection of the existing
trustees and the Director. Once accepted on to the board of trustees an induction pack is provided.
RISK ASSESSMENT
TFP has always had regular discussions on potentsal risks to the charity, and they are a key feature of
team meetings and board meetings. Our focus over this shift tn new leadership and strurturing has
beén'to develop agile, lean, responsive and effectlve financial strategy to support our growth. As a
result, we have begun to see a positive increase in new supporters, donations and successful funding
applications.
To summarise our philosophy:
We are committed to ensuring that TFP has given thought to, and has a clear sense of, the
risks inherent in operating as a small charity in this tsme as well as the very specific risks that
are particular to TFPS current operations and future'development.
Nurturing a collaborative culture in and outstde TFP is a key strategy we are developing to
support wider and diverse funding streams to be made available to us.
o We understand risk as a means of investment for growth and one that guides a robust
financial strategy for TFP, seeking new opportunities and collaborations.
Op:1 Key to risk being reported is to ensure that our collaborative leadership and culture is one
where staff and volunteers feel a strong sense of equitability, transparency, honesty and
stewardship for TFP- qualities which rnitigate any risk of oversight to areas that need to be
considered as to their worth for financial stability and growth.
41
Our operating risks continue to revolve around being a small charity that works with trauma and
pain. Huge care is required to ensure that people are well supported in their work and that the
charity has sufficient capacity to carry out its plans.
RESERVES POLICY
The Trustees hai4ie set a reserves policy which recommends that:

The Forgiveness Project
Trustees Annual Report forthe year ended 31° March 2025
o Reserves are ideally maintained at a level whlch ensures that The Forgiveness Project's key
activities can continue for at least three months during a period of unforeseen difficulty.
o Most of the reserves are maintalned in a readily realisable form, primarily bank deposit and
savings accounts.
o The business maintains resèrves at thFS level or makes proposals to vary the business plan so
that the minimum reserve levels are met.
o To ensure closure In an orderly fashlon, termination costs of £15,000 are separately held as
Designated Funds.
o At the end of the financial year, the reserves stood at £58,230 which is equivalent to 8.6
Months running costs,
At the end of the last financial year (2023124) the reserves level stood at £13,100, which means we
have increased the reserves revel more than fourfold in this financial year (2024/25).
FINANCIAL REVIEW
The charity has a surplus of £59,801 (2024 £54,162 deficit) for the year, this is made up of an
unrestricted surplus of £61,269 (2024: £37,526 deficit) and a restricted deficit of £1,468 (2024:
£16,636 deficit). In common with many small charities, we have found the funding environment to
be challenging as funders are ever more focussed in their approach. The Trustees have considered
the position and remain confident that TFP is a going concern. As we shifted into collaborative
leadership, we have begun to see significant growth in our finances in this financial year. This is due .
to high Inc￿aseS in sales for our public engagement events, considerable increase in donatsons from
new and existing individual supporters, and from successful core funding bids- notably the National
Lottery Arts Award (£20,000) for our full time Administrator post. We have also received NHS funding
for our RESTORE prison programme at HMP Eastwood Park NEXUS Unit (£11,280), and continued
exploration of our Shame Informed training in prisons with the Leigh Trust {£5,000). We are
immensely humbled by the generosity and ongoing support from all our supporters and donors, and
PZIVI,
4J
funders which is providing a lifeline to us to evolve and sustain TFP'S place in the world.
STATEMENT OF TRusfEES' RESPONSIBILrriES
The trustees (who are also directors of the Forgiveness Project for the purposes of company law) are
responsible for preparing the directors/trustees' annual report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom '
Generally Accepted Accounting Practice)-
iè
Company law requires the trustees to prepare financial statements for each financial year which gÈve
IYI
a true and fairview of the stste of affairs of the charitable company and of the incoming resources
and application of resources, including the income and expenditure, of the charitable company for
that period. In preparing these financlal statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
10

The Forgiveness Project
Trustees Annual Report for the year ended 31" March 2025
o State whether applicable UK Accounting Standards and statements of recommended practice
have been followed, subject to any material departures disclosed and explained in the
financial statements
o Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity wlll continue In operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any tlme the financial pos6tion of the charltable company and enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
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The Forglveness Projert ,
Trustees Annual Report for the year ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 05042288
Charlty No. 1103922
Registered Offlce
124 City Road
London
ECIV 2NX
Dlrertors and Trustees.,.
The Dlrectors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees setved during the year:
A. Birney
M. Cahill
A. David
A. Grover
H. Walker
M. Locke
T. Platt
(Resigned 16 September 2024)
(Resigned 16 September 2024)
(Appointed 16 September 2024)
IAppoFnted 16 September 2024)
(Appointed 16 September 2024)
Independent Examiner.
M R Cooper FC4
Welbeck
29 Welbeck Avenue Southampton
S017 1ST
Bankers
Barclays Bank plc
67 Green Lane
Harringay
London
N4 IE8
Triodos Bank
Deanery Road
Brlstol
Avon
BSI 5AS:.
This report was approved by the Board on l December 2025 and signed on its behalf by:
@ kS(YJ
Helen Walker
Trustee
12

The Forgiveness Projert
In.dependent Examlner's Report
Independent Examlner's Report to the Trustees of The Forgiveness Pfoject
I report to the charity trustees on my examlnation of the flnanciaS statements of The Forgiveness Project forthe year
ended 31 March 2025
Responslbilities and basls of report
As the charity's trustees of the company (and also its dlrertors for the purposes of company law) you are responsible for
the preparation of the financlal statements Tn accordance with the requirements of the Companies Act 2006 {'the 2006
Act,).
Having satisfied myself that the financial statements of the Charty are not required to be audited under Part 16 of the
2006 Act and are ekigible for independent examination, I report In respect of my examination of your charity's financial
statements as carried out under section 145 of the Charitles Act 2011 ('the 2011 Act,). In carrylng out my examlnation I
have followed the Dirertions given by the Charity Commlssion under section 145{5) (b) of the 2011 Act.
Independent examlner's statement
I have completed rny examination. I can confirm that no material matters have come to my attention in connection
with the examinatlon givEng me cause to believe:
accounting records were not kept in accordance with sectlon 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financlal statements do not comply with the accounting requirements undersee(ion 396 of the 2006 Act other
than any requirement that the financial statements give a 'true and fair, view which Is not a matter considered as part
of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of
Recommended Prattlce for accounting and reporting by charities applicable to charities preparlng their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102).
I have no concerns and have corne across no other rnatters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Welbeck
29 WelbeckAvenue
Southampton
S017 Isr
l December 25
13

The Forglveness Project
Statement of Flnanclal Artlvltles Includlng summary Income and expendlture account
for the year ended 31 March 2025
Unrestrlcted
funds
2025
Restrlcted Total funds
funds
2025
Total fvnds
2025
2024
Notes
Income and endowments from:
Donatlons and legacles
Charitable activltles
Investments
98,127
9,586
145
33,000
131,127
9,586
145
72,898
12,380
628
Total
107,858
33,000
140,858
85,906
Expenditure on:
Raisln8 funds
Charitable activities
1,348
45,241
4,049
30,419
5,397
75,660
9,454
130,613
Total
46,589
34,468
81,057
140,068
Net gains on Investments
Net expenditu
61,269
(1,468)
59,801
{54,162)
Transfers between funds
Net movement in funds
61,269
(1,468)
59,801
(54,162)
Reconciliatlon of funds:
Total funds brought forward
13,100
12,389
25,489
79,651
Total fvnds carrled forward
74,369
85,290
25,489
The notes on pages 16 to 22 fomi part of these accounts.
14

The Forgiveness Project
Balance Sheet
at 31 March 2025
2025
2024
Notes
Flxed assets
Tanglble assets
Current assets
Debtors
Cash at bank and In hand
11
1,139
1,519
12
4,543
93 031
97,574
10,678
27 497
38,175
Credltors: Amounts fallkng due within one year
Net current assets
13
13 423
84,151
14 205
23,970
Totsl assets less current liabilities
85,290
25,489
Total net assets
85 290
25 489
The fvnds ofthe charity
15
Restrict.ed funds
Restritted income funds
10,921
12,389
Unrestrlcted funds
Designated Funds
General funds
15,000
59,369,-
13,100
Total funds
85 290
25 489
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relatbng to small companies.
For the year ended 31 March 2025 the compa ny was entitled to exemption under section 477 of the Companies
Act 2006 relating to small companies.
The rnembers have not requlred the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibllities for complying with the requirements of the Companies Act 2006.
with respect to accounting records and the preparation of accounts.
The notes on pages 16 to 22 forrn part of these accounts.
Approved by the board on l Dec 2025
And signed on its behalf by: .
Anthony Grover
Treasurer
15

The ForgFveness Projert
Notes to the Accounts
at 31 March 2025
Accountln8 pollcles
l Basls of preparatlon
The flnanclal statements have been prepared In accordance wlth Accountlng and Reportlng by Charltles: Ststement
of Recommended Practlce appllcable to charltles preparlng theor accounts In accordance wlth the Financlal
Reportln8 Standard appllcable In the UK and Republlc of Ireland (FRS 102) (effertive l January 2015) - (Charities
SORP (FRS 102)), the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 1021 and the
Companles Act 2006.
Change In basis of accountlng or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and
no changes have been made to accounts for previous years.
Golng Concern
The Forglveness Projert has reported a deficit of £-59801 for the year and a reduction In reserves to £74369
The Trustees are of the view that the charity has sufficient resources to operate for the next 12 months based on
the funds carried forward, the plans for the year, and the funding strategy we are executing to diversify our funding
streams. We also have contingency plans In place to ensure viability should the planned funding levels not be
reached. Therefore the financial statements of the charity are prepared on a golng concern basis.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general
objects of the charity.
These are available for use subject to restrictions imposed by the donor or through terms of
an appeal.
Restritted funds
Income
Recognition of
income
Income is included In the Statement of Financial Artivities (SOFA) when the charity becomes
entitled to, It is probable that the Income will be received and, the income and the amount of
the income can be rneasured with sufficient rellability.
Where income has related expenditure the Income and related expenditure is
reported gross in the SOFA.
Income with
related
expenditure
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equlvalent amount in expenditure) where the
and facilities
benefit to the Charity is reasonably quantiflable, measurable and material
Volunteer help
The value of any volunteer help receNed is not included in the accounts.
Expenditure
Recogn ition of
expenditure
Expendlture Is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
These comprose the costs assoclated wlth attractlng voluntary income, and
fundraising trading costs.
These comprise the costs incurred by the Charity in the delivery of its artivities and
servlces In the furtherance of its objects, Including the making of grants and
governance costs.
Expenditure on,.
raising funds
Expenditure on
charitable
activities
16

The Forgfvene55 Projert
Notes to the Accounts
Governance costs
These Include those costs assocTated wlth meetlng the constltutlonat and Statutory
requlrements of the Charlty, Intludlng any audlt/lndependent examlnatlon fees,
costs Ilnked to the strateglc management of the Charlty, together wlth a share of
other admlnlstratlon costs.
Taxatlon
The charity Is exempt from corporatlon tax on its charltsble actlvltles.
Tangible flxed assets and depreclatlon
Dep￿CIatIon Is provlded at the followlng a nnual rates In order to wrlte off each asset over Its est5mated useful Ilfe:
The F Word
Exhlbltlon
Furniture, fittlngs 25% straÈght line
and equipment
Capital Items costlng In excess of £500 are capTtalised: Fixed assets are shown at hlstorlcal cost
20% stralght Ilne
Trade and other debtors
Trade and other debtors are recognTsed at the settlement amount due after any trade discount offered.
Prepayrnents are valued at the amount prepald net of any trade dEscounts due.
Cash and cash equlvalents
Cash and cash equlvalents comprlse cash at bank and on hand, demand deposlts wlth banks and other short-term
highly Ilquid Investments with orlglnal maturitles of three months or less and bank overdrafts. In the ststement of
rsnancial position, bank overdrafts are shown within borrowTn8s or current Ilabilitles. In the Statement of Cash
Flows, cash and cash equivalents are shown net of bank overdraftsthat are repayable on demand and form an
integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other credltors and provlsions are recognised where
the charity has a present obligation resulting from a past event that w511 probably result In the transfer of funds to a
third party and the amount due to settle the obllgatlon can be measured or estimated rellably. Creditors and
provlslons are normally recognlsed at thelr settlement amount after allowlng for any trade discounts due.
Foreign currencles
Monetary assets and liabllities denomlnated In currencies other than the functional currency of the charbty are
translated at the rates of exchange prevailln8 at the end of the reporting period. Transactions in currencles other
than the functional currency of the charity are recorded at the rate of exchange on the date that the transactlon
occurred. All exchange dlfferences are are taken Into account In arrlvlng at net Incomelexpenditure.
Leased assets
In the event that tease incentives are received to enter into operating leases, such Incentives are recognised as a
Itabillty. The aggregate beneflt of Incentlves Is reco8nised as a reduction of rentsl expense on a stralght-llne basls.
Penslon costs
The charity operates a defined contrlbutlon plan for Its employees. A defined contribution plan is a pension plan
Recelpt of donated goods, facllftoes and servlces
All donated good5, facllEtles and servSces received are recognised wlthln Incoming resources and expenditure at an
estlmate of the value to the charity,
2 Company status
The cornpany Is a prlvate company Ilmlted by guarantee and consequently does not have share capital.

The ForEN*ness Project
Notes to the Accounts
at 31 M•rch 2025
3 Statement of Flnanclal Attlvltles - prfor year
Unfestrlcted
funds
2024
Re5trlrted
funds
2024
Totsl funds
2024
lTrcome and endowments from:
Donations and legacles
Charitable activitles
Investments
Total
Expendlture on:
Raising funds
Charitsble attivities
Total
Net gains on investments
Net expenditure
Transfers between fvnds
Net movement In funds
Reconciliatlon of funds:
Totsl fvnds brought forward
Totsl funds carried forward
62,898
12,380
628
75,906
10,0
72,898
12,380
628
85,906
10,oTh)
5,054
108,377
113,432
4,4Crf)
22,236
26,636
9,454
130,613
140,068
(37,526)
(16,636)
{54,162)
(37,526)
(16,636)
(54,162)
50,626
29,025
79,651
IrKome from donations and legacies
Unrestrlrted
2025
Restrlrted
2025
Totsi
2025
Total
2024
Grants
Donations and supporters
progra mrne
10,000
88.127
33,000
43,000
88.127
21,OCMJ
51,898
98,127
33,000
131,127
72.898
Income from tharitable actrvitses
Unrestrirted
2025
Total
2025
Total
2024
Contrdrt Income
Fees and related income
Books sales and Itcensing
5,259
6,465
656
12,380
8,139
1,447
9,586
8.139
1.447
9,586
Unrestrfcted
2025
Total
2025
Total
2024
Bank interest
145
145
145
628
628
145
18

The Forgiveness Project
Notes to the Accounts
at 31 March 2025
Expenditure on ralslng funds..
Unrestr5cted
2025
Restricted
2025
Total
2025
Totsl
2024
Costs of genemting voluntory Income
Fundraislng Costs
Fundraising salarfes
416
9,038
9,454
1,348
1,348
4,049
4,049
5,397
5,397
Expendtture on charitable artlvities
U nrestricted
2025
Restrlcted
2025
Total
2025
Totsl
2024
Expendlture on charitable activities
Project costs
Core staff costs
Support costs
Governance costs
Governance Costs
6,393
33,745
4,619
5,597
24,822
11,990
58,567
4,619
30,391
87,193
11,740
484
45,241
1,290
130,614
30,419
75,660
Net Expenditure before transfers
2025
2024
This is stated after charging:
Independent Examiner's fee
Other fees paid to the independent
exarnlner
450
1,279
JL
1,582
1,729
1,982
10 Staff Costs
2025
2024
Salaries and wages
Redundancy pay
SocTal security costs
Pension costs
40,237
86,492
9,324.
2,111
3,076
101,002
1,387
41,624
No employee received ernolurrients in excess of £60,000.
The average monthly nurnber of full tFme equivalent employees durÉngthe year was as follows:
2025
Number
2024
Number
Charitable activities
19

The Forglveness Projert
Notes to the Accounts
at 31 March 2025
11 Tanglble fixed assets
The F Word
Exhlbltlon
Furnfture,
ffttlngs and
èqulpment
Total
Cost or revaluatlon
at l Aprll 2024
Addit+ons
at 31 March 2025
44,f)05
11.773
56,377
44,605
11,773
56,378
Depreclatlon and Impairment
at l April 2024
Charge for the year
at 31 March 2025
{44,605)
(10,254)
1380
(10,634}
(54,859)
(44,605)
(55,239)
Net book value
at l April 2024
at 31 March 2025
1,519
1,139
1,519
1,139
12 Debtors
2025
2024
Other debtors
Prepayments and accrued Income
4,173
370
4,543
9,755
923
10,678
13 Credltors
amountsfalling due withln one year
2025
2024
Trade credltors
Accruals
Deferred income
405
1,738
11,280
13,423
427
2,498
11,280
14,205
14 Deferred Income
2025
2024
At l April
I ncreased/(Released} in current year
At 31 March
11.280
4.668
6,612
11,280
11,280
The deferred income relates to a contrart which is to be delivered Tn 2025, but for which payment has already
been receNed.
20

The Forglveness Project
Notes to the Accounts
at 31 Mar¢h 2025
15 Movement In funds
Current Year
at l Aprll Incomlng
2024 Resources
Resources
expended
Transfers
at 31 March
2025
Restrlrted fvnds:
The Rank Foundatlon
People's Postcode Lottery
Middle Way Trust
Natlonal Lottery Communlty Fund
Souter Charltable Trust
The Leigh Trust
CAF American donor Fund
4,310
4,528
(4.310)
14,528)
(5,000>
{12,079)
5,0(Y)
20,000
7,921
5,000
(5,000)
(3,551)
(34,468)
3.551
12,389
Total
33,000
10,921
Unrestrirted funds
Oesignated fund
General funds
15,(XX)
(15,CKK))
15,000
59,369
13,100
107,858
(46,589)
Total funds
25,489
140,858
(81,057)
85.290
Previous Year
at l April Incoming
2023 Resources
Resources
expended
at 31 March
2024
Restrirted funds:
The Rank Foundation
People's Postcode Lottery
Guerrand-Hermès Foundation for
Peace
CAF American donor Fund
5,705
18,320
5,000
5,OCX)
(6,395)
{13,792)
(5,000)
4.310
4,528
5,000
(1,449)
3,551
Totol
29,025
10,000
(26,636)
12,389
Unrestrlrted funds
General funds
50,626
75,906
(113,432)
13,100
Total funds
79,651
85,906
(140,068)
25,489
Purposes and restrictions in relation to the funds:
Restrirted funds:
The Rank Foundation
to support participation in the Rank Foundation Learning Programme
developing the trading and social impact of the organisation
People's Postcode Lottery
Middle Way Trust
to contribute to the salary of the administrative asslstant
to fund the work of the communications manager, and developin8 online
resources
National Lottery Community Fund to contribute to the salary of the Administrator
Souter Charitable Trust
to fund "Forgiveness: a space for enquiry"
The Leigh Trust
to fund Shame-lnformed tralning across the female prlson estate
CAF Amerlcan donor Fund
to cover core costs .
21

The Forglveness Projert
Notes to the Accounts
.at 31 March 2025
16 Analysls of net assets between funds
Unrestrlcted
funds
Restrlcted
funds
Totsi
Fixed Assets
Current assets
Current Ilabllltles
1,139
86,653
13,423)
74,369
1,139
97,574
13,423)
85,290
10,921
10,921
17 Related Party Transactlons
The￿ were no related party transactions in the current and prior year
22