Charity no. 1152426
Key4Life CIO
Report and Unaudited Financial
Statements
31 December 2025

Key4Life CIO
Reference and administrative details
For the
ear ended 31 Deeember 2025
Charity number
1152426
Registered office and
operational address
Units 65 - 66
Easton Business Centre
Felix Road
Easton
Bristol
BS5 OHE
Trustees
The Iruslees who served during the year and up lo the date of this report
were as follows".
Paul Slernberg
Kathryn Brewer
Solomon Curtis
Caroline Dollimore
Michael Dooley
Walid Yusef Haddou¢h
Lindsay Healy
(Chairl
Chief executive officer
Eva Hamilton MBE
Bankers
TSB Bank
Marketplace
Somerton
Somersel
TA11 7NB
Sollcltors
Murray Hughman
1 Long Lane
London
SE1 4PG
Independent examiners Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Reference and administrative information set out on page 1 forms part of this report. The financial
statements comply with current statutory requirements, the Constitution and the Statement of
Recommended Practi￿ - Accounting and Reporting by Charities leffeclive from January 20191.
Objectives and aetivities
The ob'ecls of the charil
are..
to reduce criminal offending by promoting and supporting the rehabilitation of any offender and
those at risk of offending or re-offending, and lo assist them in finding employment.,
to promote the education, care and re-settlement of offenders In order to re-integrate them as
valued members of society.,
to support families of offenders and communities affected by offending.,
to promote social inclusion for the public benefit by preventing people from becoming socially
excluded, relieving the needs of those people who are socially excluded and assisting them lo
integrate into society., and
to promote social inclusion for the public benefit amongst people who are socially excluded by
providing them with an opportunity to build capacity through education and training support.
Key4Life delivers support to young men aged 18-30 as the group most likely lo re-offend,
predominanuy prolific offenders. Key4Life's purpose is to support these young men from marginalised
communities, who, for whatever reason, have committed an offence or are at risk of offending, lo
give them opportunities, skills and support to lead positive lives and integrate into the world of work,
their communities and families. Key4Life also works with children under 18 at risk of being caught up
in knife crime.
In 2025 Key4Life has..
In 2025, Key4Life delivered a lotsl of 12 programmes, supporting 251 young men across custodial
and community settings alongside 75 further alumni men from previous programmes. Delivery took
place in prisons including HMP Thameside. HMP Erle$toke, HMP Forest Bank, and HMP Fosse
Way, alongside preventative London At Risk and South West At Risk programmes.
Key4Life continued its work with prolific offenders, outcomes remained strong, with over 60°h of
released participants progressing into Employment, Education or Training IEETI and
reoffending al 8 /0. Programme delivery Increasingly focused on strengthening pre-release
preparation and post-release support.
Vlolence Reductlon Pro
ramme
In 2025, Key4Life developed its first Violence Reduction Programme, an 34ay intensive early-
intervention initiative designed to reduce violence and support long-lerm desislance among young
men at the beginning of their custodial sentences. Delivered at HMP Fosse Way, the programme
draws on a shortened version of Key4Life's evidence-based 7-Step Model, combining experiential
learning, mentoring, and emotional resilience development.
Independent research conducted by London Metropolitan University demonstrated significant
impact, including improved emotional regulation, reduced impulsivity and aggression, stronger
communication skills, and the adoption of a prosocial identity characlerised by responsibility,
empathy, and hope for the future. Participants reported increased confidence and motivation, while
prison staff observed calmer wings, reduced conflict, and improved relationships.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
A distinctive feature of the programme is the involvement of Key Mentors with lived experience,
reinforcing peer-led change and contributing lo safer prison environments. The Violence Reduction
Programme represents a cost-effeclive, scalable model aligned with national priorities on prison
safety and rehabilitation.
Ke
Mentorin
Key Mentoring exceeded all funder targets in 2025 and continued to demonstrate strong impact.
Against a target of training 50 men as Key Mentors, Key4Life successfully trained 60 men during
the year and employed over 10, significantly surpassing agreed delThierables.
Key Mentor training was delivered across both prison-based and community programmes, with
trained Key Mentors playing an active role in programme delivery, peer support, and
engagement-particularly within the Violence Reduction Programme. This peer-led approach
strengthened programme credibility, enhanced participant engagement, and reinforced Key4Life's
trauma-informed, relational model.
Cor
orate En
ement
Corporate engagement continued to strengthen throughout 2025, with progress made in both
expanding the employer ne￿Ork and deepening existing partnerships. During the year, 60 new
companles actively engaged with Key4Life, primarily through 'Meet the Companies" and
"Dragons, Den" workshops delivered within prison and community programmes. These
engagements supported employability outcomes, mentoring opportunities, and longer-term
partnership discussions.
Key4Life also made significant progress with established partners, including major employers across
professional services, manufacturing, retail, media, and hospitality. Several organisalions advanced
toward offering work tasters. internships, employment pathways, mentoring. and volunteering,
while others expressed interest in structured, longer-term partnerships and funding opportunities.
2025 saw Key4Life award the YOUNITED Flag at our Gala Dinner with Wagamama, KPMG and
NBCUniversal being awarded this kitemark.
Mentorin
Mentoring remained a central pillar of Key4Life's delivery model in 2025, SUPF)Orting sustained
engagement and positive outcomes for participants.
By the end of the year, Key4Life had over 110 engaged mentors actively involved al various stages
of their mentoring journey, with many mentors progressing lo support participants for a second time.
The mentoring community reflected a diverse mix of backgrounds, including professionals, retirees,
and individuals with lived experience of the criminal justice system.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Food Cell
The burger venture was ereated by the Winter Family in memory of their son Jack Winter who sadly
lost his life lo cancer in 2018.
The Food Cell aims to help the men that are currendy on the programme to gain experien￿ and paid
work in customer service, communication and to gain valuable business skills. In addition, the men
received Level 1 and Level 2 in Food Safety and Hygiene. This proved lo be an Invaluable
springboard the young men who have gone on to work in hospitslily and catering amongst other
sectors.
In 2025, Key4Life hosted more than 10 pop-up events with the Food Cell and we hope to reach more
events in 2026.
Achievements and perfomiance
Charitable activities
In 2025 Key4Life delivered a total of 12 pr(￿raM￿eS to 191 young people wth a further 60 Key
Mentors being trained taking the totsl to 251. This lolal includes the prison and preventative work.
A list of programmes is below..
Pro
ramme
London At Risk programme
Soulhwesl Al Risk programme
HMP Forest Bank (Key Mentor Training)
HMP Fosse Way I￿0 Violen￿ reduction
programmes and one Key Mentor programmel
HMP Thameside (three 'lhrough the gate,
progmmmes and two Key Mentors
programmesl
HMP Edesloke Taster Programme
Number of artici
16
14
30
ants
105
18
Fundraising activities
Key4Life predominantly receives income from grant making trust5, organisalions and Individual
donors. Fundraising from the public is not a core strategy of the Charity. We do not engage in large
scale public fundraising campaigns or from street, d(x)r-to-door and private site fundraising a￿hOugh
we do welcome gifts from individuals and philanthropists on both an ad hoc and regular basis.
In 2025 we held our Gala Dinner with Dave Finnegan's Commitments performing and the event
raised in excess of £70,000.
Key4Life does work with commercial participators or third-party professional fundmisers for any
public facing fundraising campaigns.
We would like lo express our sincere thanks to every trust, individual and business who has
financially supported Key4Life over the past year. Your support makes our life changing work
possible. The Trustees have tsken due consideration of the Charity's financial resilience, liquidity
position, and forecast cash flows when making strategic and operational decisions throughout the
year, with an increased focus on SLJStainability, impact measurement, and long-lerm financial
resilience.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Research
Robust, independent research continues lo underpin Key4Life's work, and our results have
strengthened with the average reoffending rale amongst Key4Life participants for 2025 being 80/0
after one year and with over 600/0 seeuring work, training or meaningful occupation. While important,
evidence indicates employment by itself d￿5 not break the cycle of reoffending.
Bean Researeh has worked with Key4Life and has developed an approach centred on underlying
emotional change where it has been found that sustsinable outcomes depend not only on
OPFlOrtunity, but on psychological stability alongside practical resettlement SLJPPOrt.
In 2025, Bean Research supported the delivery of the established Theory of Change and research
framework, conducting evaluation al both the stsrt and end of programmes.
Evaluation activity combined quanlitalive self-assessment measures lo track participants distance
travelled" with qualitative feedback capturing changes in emotional resilience, conflict management,
relationships, and employability confidence. Key indicators assessed included emotional regulation,
avoidance of violence, development of pro-social relationships, and readiness for employment.
Working in custody enables individuals to process experiences, strengthen emotional resilience and
increase internal locus of control. Key4Life Programme evidence consistently shows substantial
improvements in these areas, often doubling baseline scores.
2025 also saw Independent qualitative research conducted by London Metropolitan University
providing strong evidence that Key4Life's programme at HMP Fosse Way delivers meaningful and
lasting impact for participants and contributes positively to prison culture.
Based on interviews and observations involving 46 men (including prisoners, Key Mentors and men
post-releasel, the research showed that the programme supported desistance from Crime by
helping participants develop prosocial identities, improved emotional resilience, stronger
relationships, and increased confidence and employability.
A dislinclive strength of Key4Life was found to be ils peer mentoring model, where programme
graduates become Key Mentors. This reinforces positive change for mentors themselves while
spreading constructive behaviours across the prison, contributing to reduced violence, improved
safety, and a more rehabilitative environmenL
The research concluded that Key4Life represents an effective, evidence-based and scalable
rehabilitation model. aligning closely with public policy priorities on reducing reoffending, improving
prison safety, and supporting successful reintegration into society.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Developments for 2026
In 2026, Key4Life will foeus on the continued expansion of its prison-based delThiery, building on
strong partnerships lo increase reach and impact. Our collaboration with Se￿0 and Sodexo will
enable the charity lo scale delivery of ils proven 7-Step Model across additional custodial settings,
supporting more young men at critical stages of their sentence.
In 2026, Key4Life will work on our Violence Reduction Programme to further deliver this work lo
reduce violence in prisons and stabilise wings. We will also continue lo deliver our 'through the gate,
work alongside our new training programme for prison staff.
The 7-Step Model will remain ￿ntral to our work, consislenlly demonstrating strong outcomes in
reducing reoffending and increasing progression into employment, education, and training for some
of the most marginalised young men in society. As we scale, maintaining programme quality and
fidelity will remain a key priority.
Alongside delivery, strengthening engagement with the corporate sector will be a major focus.
Key4Life will continue to challenge employer perceptions of people with convictions and expand
access to meaningful employment opportunities. In 2026, the YOUNITED Flag will be awarded to an
increasing number of employers nationwide, recognising their commitment to inclusive recruitment
practices and supporting long-term rehabilitation and social mobility.
Financial review
Financial
osilion
These financial statements show the results from twelve months of activity and the comparative
figures report on results from a ￿e1Ve-Month period. The charity does not hold any investments.
The principal funding sources for the charity are Trusts and Foundations, Corporate Partnerships,
along with revenue from our extensive delivery in the prison sector.
In 2025 Key4Life generated a surplus of £23,414 in reslricled funds. The overall deficit for the year
stands at £44,074.
Reserves
olic
Reserves are provided to ensure the financial stability of the charity and the ability for it to meet ils
charitable objectives for the foreseeable future. The movement in the reserves is shown in note 17 10
the accounts.
Key4Life will maintain an unrestricted reserves al a level that is at least equivalent lo Iwo months
operational expenditure, currenuy calculated at £135,000. The current unreslricled reserves are
£100,658.
The Iruslees review the amount of reserves that are required to ensure they are adequate to fulfil the
charity's continuing obligations al their board meetings.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Our financial slalements show a lolal income of £798,726 for the year ended 31 December 2025 with
a deficit for the year across all funds of £44,074.
The balance sheet al 31 December 2025 shows total funds carried forward of £641,279, with
£496,856 being restricted and specifically allocated to our programmes.
Future Plans
The Trustees have continued to regulady review and update their governance arrangements in light
of new legislation and the growih in staff numbers.
The organisalion is in a good position to continue ils development and is well placed to make the
most of the opportunities available to reduce criminal offending and benefit society.
Structure. governance and management
The Charity is controlled by ils governing document, the Association Conslitulion, and constitutes a
limited company, limited by guarantee, as defined by the Companies Act 2006.
The financial slalements comply wth the Charits'es Act 2011, the Companies Act 2006, the
Association Constitution, and Accounting and Reporting by Charities". Statement of Recommended
Practice, applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting
Stsndard applicable in the UK and Republic of Ireland IFRS102 section 1 Al.
The Iruslees confirm that in compiling this report they have had due regard to the guidance on public
benefit issued by the Charity Commission in compliance with the duty sel out in section 17151 of the
Charities Act 2011.
Recruitment and appointment of new trustees and oryanisational structure
Trustees are appointed for their professional expertise and can serve more than one term. A term is
defined as five years. Interested possible new trustees are required lo attend Trustee Meetings lo
meet the team and become familiar with the governance requirements before being considered for
any vacant positions.
Trustees are appointed for their professional expertise and can serve more than one lemi. A term is
defined as five years. Interested possible new trustees are required lo attend Trustee Meetings lo
meet the team and become familiar wth the governance requirements before being considered for
any vacant positions.
Eva Hamilton MBE is the Founder and Chief Executive of Key4Life, responsible for the day-lo-day
running of the charity.
The Board of Trustees meet quartedy and deal with the administration of the charity encompassing
the strategic vision, financial accountsbility and risk management. The Trustees. meetings also
include the AGM.
The operational management of the organisation is undertaken by the paid staff team.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
Risk management
The Trustees have conducted a review of the major risks to which the charity is exposed, and
systems have been established lo miligale those risks including the implemenlalion of procedures for
aulhorisalion of all transactions and projects and for ensuring the consislenl quality of the delivery of
all operational aspects of the charitable company. These procedures are periodically reviewed lo
ensure that they still meet the needs of the charity.
Key management remuneration
Key4Life's remuneration policy is designed to ensure the organisation continues to be a leading
charity within the rehabilitation sector, providing high quality services for young offenders and those at
risk of offending. This includes ensLJring remuneration levels are sufficient both to attract high calibre
staff and maintain our human resource across the organisation.
Key4Life is committed lo pay being aligned lo performance, while ensuring that we are able to attract
and retain employees critical to delivering our strategy.
The remuneration of members of the Senior Management Team is determined by the Board of
Trustees.
In addition, Key4Life is committed to pay the minimum hourly rates recommended by the Living
Wage Foundation.
Statement of responsibilities of the trustees
The Iruslees are responsible for preparing the trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102". The Financial Reporting Standard applicable in the UK and Republic of
Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the Iruslees to prepare financial
statements for each financial year, which give a true and fair view of the slate of affairs of the charity
and the incoming resources and application of resourTrs, including the net income or expenditure, of
the charity for the year. In preparing those financial ststemenls the Iruslees are required to..
select suitsble accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and accounting eslimales that are reasonable and prudent.,
stste whether applicable accounting stsndards and slalements of recommended practice have
been followed, subject lo any material departures disclosed and explained in the financial
slatemenls., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The Iruslees are responsible for keeping proper accounting records which disclose with reasonable
accuracy al any time the financial position of the charity and which enable them to ensu￿ that the
financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the constitution. The trustees are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularib'es.

Key4Life CIO
Report of the trustees
For the
gar ended 31 Docomber 2025
The Iruslees are responsible for the maintenance and integrity of the corporate and financial
information included on the charity's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in olherjurisdictions.
Members of the charity are not required lo contribute lo the assets of the charity in the event of
winding up. The Iruslees are members of the charity bul this entitles them only to voting rights. The
trustees have no beneficial Interest in the charity.
Independent examlners
Godfrey Wilson Limited were re-appointed as independent examiners lo the charity during the year
and have expressed their willingness to continue in that capacity.
Approved by the trustees on 26 May 2026 and signed on their behalf by
Paul Sternberg - Chair

Independent examiner's report
To the trustees of
Ke 4Life CIO
I report lo the trustees on my examination of the accounts of Key4Life CIO {Ihe CIO) for the year
ended 31 December 2025, which are sel out on pages 11 to 27.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparab'on of the accounts in
accordance with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the CIO'S a¢¢ounts Carried out under se¢lion 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Indopgndont examiner's statement
Since the CIO'S gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confirm that l am qualifi'ed lo undertake the examination because I
am a member of the Institute of Chartered Accounlanls in England and Wales IICAEWI, which is one
of the listed bodies.
I have completed my examination. I confirm that no material matters have come lo my allenlion in
connection with the examination giving me cause lo believe that in any material respect."
111 accounting records were not kept in respect of the CIO as required by section 130 of the Act,. or
121 the accounts do not accord with those records", or
131 the accounts do not comply with the applicable requirements concerning the form and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Date.. 26 May 2026
Jennifer Dickinson ACA
Member of the ICAEW
For and on behalf of".
Godfrey Wilson Limited
Chartered accounlanls and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD
10

Key4Life CIO
ststement of financial activities
Forthe
ear ended 31 December 2025
2025
Total
2024
Total
Restricted Unrestricted
Note
Income from:
Donations
Charitable activities
Other trading activities
Investments
17,093
4 520,617
163,221
83,158
6,338
8,299
180,314
603.775
6,338
8,299
100,455
674,890
8,176
7,080
Total income
537,710
261,016
798,726
790,601
Expenditure on:
Raising funds
Charitable activities
169,919
158,585
169.919
672,881
97,021
736,047
514,296
Total expendlture
7 514,296
328,504
842,800
833,068
Net income I lexpenditurel and net
movement in funds
23,414
167,4881
144,0741
{42,4671
Reconciliation of funds:
Total funds brought forward
473,442
211,911
685.353
727,820
Total funds Carrled forward
496,856
144,423
641,279
685,353
All of the above results are derived from continuing activities. There were no other recognised gains
or losses other than those staled above. Movements in funds are disclosed in note 17 to the
accounts.

Key4Life CIO
Balance sheet
As at 31 December 2025
2025
2024
Note
Fixed assets
Tangible assets
Intangible assets
11
12
25,194
43.999
34,014
43,999
69,193
78,013
Current assets
Stocks
Debtors
Cash at bank and in hand
13
14
386
89,709
507.419
386
81,073
558,623
597.514
640,082
Liabilities
Creditors.. amounts falling due within 1 year
15
25,428
32,742
Net current assets
572,086
607,340
Total assets less current liabilities
641.279
685,353
Net assets
16
641,279
685,353
Funds
Restricted funds
Unreslricled funds
General funds
17
496,856
473,442
144,423
211,911
Total charity funds
641,279
685,353
Approved by the trustees on 26 May 2026 and signed on their behalf by
Paul Sternberg - Chair
12

Key4Life CIO
Statement of Cash flows
For the
ear ended 31 December 2025
2025
2024
Cash used in operating activitios:
Net Movement in funds
144,0741 142,4671
Adjustments for..
Depreciation charges
Dividends, interest and rents from investments
Decrease in stock
Ilncreasel I decrease in debtors
Decrease in creditors
8,820
{8.2991
9.449
17,0801
1,114
68,220
6,224
{8.636)
7,314
Net cash provided by I (used inl operating activities
59,503
23,012
Cash flows from investing activities..
Dividends, interest and rents from Investments
Purchase of tangible fi'xed assets
8.299
7,080
1,588
Net cash provided by investing activities
8,299
5,492
Increase I Idecreasel in cash and cash equivalents in the year
151.2041
28,504
Cash and cash equivalents at the beginning of the year
558.623
530,119
Cash and cash equlvalents at the end of the year
507,419
558,623
The charity has not provided an analysis of changes in nel debt as il does not have any long term
financing arrangements.
13

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Accounting policies
al General infomiation and basis of preparation
Key4Life CIO is charitable incorporated organisation registered in England and Wales. The
registered Offi￿ address is Units 65 - 66, Easton Business Centre, Felix Road, Easton, Bristol,
BS5 OHE.
The financial statements have been prepared in accordance with Accounting and ReFlOrting by
Charities.. Stslemenl of Recommended Practice applicable lo charities in preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS 1021}, the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
Key4Life CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised al historical cost or transaction value unless otherwise slated in the
relevant accounting policy note.
bl Going concem basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a
going concern, which the Iruslees consider appropriate having regard lo the current level of
unrestricted reserves. There are no material uncertainties about the charity's ability lo continue
as a going concern.
cl Income
Income is recognised when the charity has enlillement to the funds, any performance conditions
attached to the item of income have been met, il is probable that the income will be re￿iVed and
the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the Charity has entitlement to the funds. any performance conditions attached
to the grants have been mel, it is probable that the income will be received and the amount can
be measured reliably and is not deferred.
Contract income is recognised when the associated goods or services have been delivered.
dl Donated services and facilities
Donated professional services and donated facilits'es are recognised as income when the charity
has control over the item, any conditions associated with the donated item have been mel, the
reTript of economic benefit from the use by the charity of the Item, is probable and the economic
benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, general
volunteer lime is not recognised.
On receipt, donated professional service5 and donated facilities are recognised on the basis of
the value of the gift lo the charity which is the amount the charity would have been willing lo pay
to obtain services or facilities of equivalent economic benefit on the open market., a
corresponding amount is then recognised in expenditure in the period of receipt.
el Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity.. this is normally upon notification of the interest paid or payable by the
bank.
14

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Accounting policies Icontinuedl
f) Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the
charity. Restricted funds are donations which the donor has specified are lo be solely used for
parbcular areas of the charity's work or for specific projects being undertaken by the charity.
gl Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment lo a
third paty, il is probable that settlement will be required and the amount of the obligation can be
measured reliably.
h) Allocation of support and governance costs
Support costs are those functions thst assist the work of the charity but do not directly undertake
charitable activities. Governance costs are the costs associated with the governance
arrangements of the charity, including the costs of complying with constitutional and statutory
requirements and any costs associated with the Strat￿1¢ management of the charity's activities.
These costs have been allocated be￿een cost of raising funds and expenditure on charitsble
activities based on the proportion of staff time occupied by each activity as follows..
2025
2024
Raising funds
Charitable activities
510
95/0
959/0
il Tangible fixed assets
Depreciation is pmvided at rates calculated to write down the cost of each asset lo ils eslimaled
residual value over its expected useful life. The depreciation rates in use are as follows..
Computer equipment
Motor vehicles
Fixtures and fittings
15 /0 Straight line
200/0 reducing balance
10.kn straight line
Items of equipment are eapitalised where the purchase price exceeds £500.
jl Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight line
basis over their estimated useful economic lives. Impairment of intangible assets is reviewed
where circumstances indicate that the Carying value of an asset may not be fully recoverable.
Amortisation rates are yel to be calculated as all intsngible assets are currently under
development and are not ready for use.
kl Stock
Stock is included al the lower of cost or net realisable value. Donated items of stock are
recognised al fair value which is the amount the charity would have been willing to pay for the
items on the open market.
11 Debtors
Tode and other debtors are recognised at the settlement amount due after any trade dI￿unt
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
15

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Accounting policies Icontinuedl
ml Cash at bank and in hand
Cash at bank and cash in hand Includes cash and short term highly liquid investments with a
short Maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
n) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in the transfer of funds lo a third party and the amount due
lo settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised al their settlement amount after allowng for any trade discounts due.
ol Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic
financial inslrumenls. Basic financial instruments are initially recognised al transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently recognised at amortised cost using the effecb've interest method.
pl Pension costs
The charity operates a defined contribution pension scheme for its employees. There are no
further liabilities other than that already recognised in the SOFA.
ql Foreign eurrency transactions
Tonsaclions in foreign currencies are translated al rates prevailing at the dale of the transaction.
Balances denominated in foreign currencies are translated at the rate of exchange prevailing al
the year end.
rl Accounting estimates and key judgements
In the application of the charity's accounting policie5, the trustees are required to make
judgements, estimates and assumptions about the carrying values of assets and liabilities that
are not readily apparent from other sources. The estimates and underlying assumptions are
based on historical experien￿ and other factors that are considered lo be relevant. Actual
results may differ from these estimates.
The eslimales and undertying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future peri(￿8.
The key sources of eslimalion uncertainty that have a significant effect on the amounts
recognised in the financial slalements are accrued income, depreciation and amortisalion as
described In notes cl, il and Il respectively above.
16

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Prior period comparatives.. statement of financial activities
2024
Total
Restricted Unrestricted
Income from:
Donations
Charitable activities
Other trading activities
Investments
51,803
643,890
48,652
31,000
8,176
7,080
100,455
674,890
8,176
7,080
Total income
695,693
94,908
790,601
Expenditure on:
Raising funds
Charitable activities
97,021
174,267
97,021
736,047
561,780
Total oxpenditure
561,780
271,288
833,068
Net income I (expenditure} and not
movement in funds
133,913
176,380
42,467
Income from donations
2025
Total
Restricted Unrestricted
Donations
Gift aid
17,093
162,999
222
180,092
222
Total income from donations
17,093
163,221
180,314
Prior period comparative:
2024
Total
Restricted Unrestricted
Donations
Gift aid
51,803
48,346
306
100,149
306
Total income from donations
51,803
48,652
100,455
17

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Income from charitable activities
2025
Total
Restricted Unrestricted
Grants..
National Lottery
Leathersellers
The Michael Bishop Foundation
Land Securities Properties
Elm Tree Trust
John James Charitable Trust
The AB Charitable Trust
Charles Hayward
Universal Pictures Intl Ltd
Mendip Renewables Limited
Vintners Foundation
Nisbel Trust
29th May 1961 Charitable Trust
Multiplex
IICF
The Medlock CT
Skipton Building Society
Tabhair Charitable Trust
Quartet Community Foundation
Belpech Charitable Trust
The Beatri￿ Laing Trust
The Hedley Foundation
MerTrrs
The David Yarrow Family Foundation
Individually less than £5,000
143,000
30,227
30.000
25,000
15,000
25,000
143,000
30.227
30,000
25.000
25,000
25,000
25,000
25,000
20,000
20,000
20.000
15,000
15.000
10,829
10.000
10,000
5,950
5,000
5,000
5,000
5,000
5.000
5,000
5.000
10,000
10,000
25,000
25,000
20,000
20,000
20,000
15,000
15,000
10,829
10,000
10,000
5,950
5,000
5,000
5,000
5,000
5,000
5,000
5,000
4,500
5,500
Service level agreements
86,890
16,879
103,769
Total income from charitable activities
520.617
83.158
603.775
18

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Income from charitable activities Icontinuedl
Prior period comparative:
2024
Total
Reslricled Unrestricted
Grants..
Sony Music
Land Securities Properties
Crucible Foundation
Garfield Weston
Lendlease
KPMG
Elm Tree Trust
The Michael Bishop Foundation
BRIT Trust
Mendip Renewables Limited
Vintners Foundation
NBC Universal
Nisbel Trust
29th May 1961 Charitable Trust
Medlock Charitable Trust
Northern Trust
The Buzzacott Stuart Defries Memorial Fund
B&CE Charitable Trust
Lennox Hannay
Somerset Community Foundation
Inner London Magistotes Court Poor Box
The Robert Gavron Charitable Trust
Souter Charitable Trust
Tom RhY$-Pri￿ Trust
Individually less than £5,000
75,000
50.000
50,000
50,000
40,000
33,400
20,000
30,000
30,000
24,000
20,000
15,000
15.000
15,000
10.000
10,000
75,000
50,000
50,000
50,000
40,000
33,400
30,000
30,000
30,000
24,000
20,000
15,000
15,000
15,000
10,000
10,000
10,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
14,500
10,000
10,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
13,500
1,000
Service level agreements
117,990
117,990
Total Income from charltable actlvltles
643,890
31,000
674,890
19

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
Income from other trading activities
Restated
2024
Total
2025
Total
Food Cell burger venture
6.338
8,176
Total income from other trading activities
6,338
8,176
Prior year other trading income has been restated to correct irs classification from restricted to
unrestricted.
Income from other trading activities was unrestricted in the current and prior year.
6. Government grants
The charity receives government grants, defined as funding from the National Lottery Community
Foundation to fund charitsble aclivilies. The lotsl value of such grants in the period ending 31
December 2025 was £143,00012024.. £nill. There are no unfulfilled conditions or contingencies
attaching lo these grants in 2025126.
20

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
7. Total expenditure
Support and
Raising Charitable governance
funds
activities
costs
2025
Total
Staff costs (note 91
Project costs
Summer ball
Adminislralion and consultancy
Corporate engagement
Subconlraclor costs
Accountancy and legal fees
Other fundraising costs
Premises costs
Depreciation
15,377
276,781
179,912
15,377
307,535
179,912
77,379
71,522
52,966
47,424
34,393
33,496
29,353
8,820
77,379
65,679
52,966
7,148
5,843
40,276
34,393
33,496
29,353
8,820
Sub-total
166,528
611,839
64,433
842,800
Allocation of support and governance costs
3,391
61,042
64,433
Total expenditure
169.919
672.881
842,800
Total governance costs were £4,32012024. £4,200>
Prior period comparative
Support and
Raising Charitable governance
funds
activities
costs
2024
Total
Staff costs (note 91
Project costs
Administration and consultsncy
Corporate engagement
Subconlraclor costs
Accountancy and legal fees
Other fundraising costs
Premises costs
Depreciation
17,968
323,429
180,581
91,049
17,968
359,365
180,581
111,762
62,038
31,352
35,177
12,631
30,713
9,449
20,713
62,038
31,352
35,177
12,631
30,713
9,449
Sub-total
92,637
657,124
83,307
833,068
Allocation of support and governance costs
4,384
78,923
83,307
Total expenditure
97,021
736,047
833,068
21

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
8. Net movement in funds
This is stated after charging..
2025
2024
Depreciation
Operating lease payments
Trustees, remuneration
Trustees, reimbursed expenses
Auditors, remuneration (excluding VATI..
Independent examination
8.820
18.477
9,449
18,302
283
146
3,600
3,500
Trustees, reimbursed expenses in the current and prior periods relate to travel costs for one
trustee.
In common with other charities of our size and nature we use our auditors lo assist with the
preparation of the financial statements.
9. Staff costs and numbers
Staff costs were as follows..
2025
2024
Salaries and wages
Social security costs
Pension costs
269.922
33,144
4.469
326,393
27,258
5,714
307,535
359,365
Included in salaries and wages are ex-gralia payments of £10,00012024'. £nill.
One employee earned be￿een £80,000 and £90,000 in the year12024'. one, £70,000- £80,000).
The key management personnel of the charity comprise the Trustees and the Chief Executive
Officer. The total employee benefits of the key management personnel were £89,060 12024.
£75,401).
2025
No.
2024
No.
Average head count
10. Taxation
The charity is exempl from corporation tax as all of ils income is charitable and is applied for
charitable purposes.
22

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
11. Tangible fixed assets
Fixtures
and
fittings
Computer
Equipmen
Motor
Vehicles
Total
Cost
Al 1 January 2025 and al 31 December 2025
33,311
26,760
21,359
81.430
Depreciation
Al 1 January 2025
Charge for the year
17,621
3,251
14,931
2,365
14,864
3,204
47,416
8.820
Al 31 De￿rnber 2025
20,872
17,296
18,068
56.236
Net book value
At 31 December 2025
12.439
9.464
3.291
25.194
Al 31 December 2024
15,690
11,829
6,495
34,014
12. Intangible fixed assets
Computer
software
Cost
Al 1 January 2025 and al 31 December 2025
43.999
Amortisation
Al 1 January 2025 and al 31 December 2025
Net book value
At 31 December 2025
43.999
Al 31 December 2024
43,999
13. Stock
2025
2024
Merchandise
386
386
23

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
14. Debtors
2025
2024
Trade debtors
Prepayments
Accrued income
Other debtors
78,829
10.343
40,568
13,981
25,000
1,524
537
89.709
81,073
15. Creditors - amounts falling due within 1 year
2025
2024
Trade creditors
Accruals
Other taxation and social security
Other creditors
6,517
7.010
10.601
1,300
14,373
10,052
7,356
961
25.428
32,742
16. Analysis of net assets between funds
Restricted
funds
General
funds
Total
funds
Tangible fixed assets
Intangible assets
Current assets
Current liabilities
25,194
43,999
100,658
25,428
25.194
43.999
597.514
25.428
496,856
Net assets at 31 December 2025
496,856
144,423
641,279
Restricted
funds
General
funds
Total
funds
Prlor year comparatlve
Tangible fixed assets
Intangible assets
Current assets
Current liabilities
34,014
43,999
166,640
32,742
34,014
43,999
640.082
32,742
473,442
Net assets at 31 December 2024
473,442
211,911
685,353
24

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
17. Movements in funds
At1
January
2025
At31
December
2025
Income Expenditure
Restricted funds
Bristol & SW - Al Risk
Bristol & SW - Holiday Programme
London - Al Risk
London Holiday Programme
Equine Training & Therapy
Food Cell
HMP- General Fund
HMP- Forest Bank
HMP Thameside
HMP Fosse Way
Key Mentoring
23,102
2,000
30,744
5,418
24,139
7,229
144,290
31,058
107,717
91,638
6,107
133,600
1117,3651
39,337
2,000
83,827
1114,5711
5.418
31,832
2.620
44,734
70.627
169,512
130,327
449
15,000
16,530
35,000
49,663
117,100
83,490
3,500
17,3071
{21,1391
1134,5561
{10,0941
(55,3051
{44,8011
9,158
Total restricted funds
473,442
537,710
514,2961
496,856
Unrestricted funds
General funds
211,911
261,016
328,504
144,423
Total unrestricted funds
211,911
261,016
328,504
144,423
Total funds
685.353
798.726
842.800
641.279
Purposes of restrlcted funds
Bristol & SW - Al Risk
A community programme based on our innovative 7
Slep model, supporting young men at risk of offending
or re-offending.
Bristol & SW - Holiday Programme
A one-day programme for under 18's during the school
holidays.
London - Al Risk
A community programme based on our innovative 7
Slep model, supporting young men at risk of offending
or re-offending.
London - Holiday Programme
A one-day programme for under 18's during the school
holidays.
Equine Training & Therapy
An integral part of the 7 Slep model, horses are used as
valuable therapeutic training tool across all the
programmes both in the prison and in the community.
Food Cell
A fitted out prison van that provides NVQ training to our
young man, selling handmade bLJrgers at events,
festivals etc., in the UK.
25

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
17. Movements in funds Icontinuedl
Purposes of restricted funds Icontinuedl
HMP- General Fund
The general prison fund that supports all of the prison
programmes.
HMP- Forest Bank
A pre-release programme in the prison using the 7 Step
model then supporting the young men when they are
released 'through the gate,.
HMP Thameside
A pre-release programme in the prison using the 7 Step
model then supporting the young men when they are
released 'through the gate,.
HMP Fosse Way
A pre-release programme In the prison using the 7 Step
model then supporting the young men when they are
released 'through the gate,.
Key Mentoring
A programme to train up to fifteen young men with lived
experience, leading to an AQA qualification in mentoring
training.
Prior year comparative
Restated
At31
December
2024
At1
January
2024
Income Expenditure
Restricted funds
Bristol & SW- Al Risk
Bristol & SW - Holiday Programme
London - Al Risk
London Holiday Programme
Equine Training & Therapy
Food Cell
HMP- General Fund
HMP- Forest Bank
HMP Thameside
HMP Fosse Way
Key Mentoring
39,505
2,000
29,339
13,292
25,000
20,550
84,800
56,585
46,583
21,875
109,881
1126,2841
23,102
2,000
30,744
5,418
24,139
7,229
144,290
31,058
107,717
91,638
6,107
126,600
1125,1951
17,8741
{20,8611
123,4761
{44,0101
(69,5441
{41,2061
{89,2541
14,076
20,000
10,155
103,500
44,017
102.340
159,017
20.183
Total restricted funds
339,529
695,693
561,780
473,442
Unrestricted funds
General funds
388,291
94,908
271,288
211,911
Total unrestrictod funds
388,291
94,908
271,288
211,911
Total funds
727,820
790,601
1833,0681
685,353
26

Key4Life CIO
Notes to the financial statements
For the
ear ended 31 December 2025
17. Movements in funds Icontinuedl
Prior year comparative (continued)
Prior year other trading income has been restated to correct it's classification from restricted lo
unreslricled.
18. Related party transactions
C Dollimore, a trustee, is also a trustee of The BRIT Trust. During the prior year the charity
received grants of £30,000 from The BRIT Trust. All transacbons were carried out al arm5
length.
E Hamilton, CEO and Co-Founder, is also the owner of Twelve Hides. During the year the
charity made purchases of £3,850 12024.. £5,650) from TWe￿e Hides for rental of horses. No
amounts were outstanding at 31 December 202412024." £nill. All transactions were carried out at
arms length.
27