Registered No. 08606716 {England & Wales) Charlty No. 1152840 ELIZABETH FRY CHARITY {A company Ilmlted by guarant88) ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025 JAMES COWPER KRESTON AUDIT Statutory Audltors Chartered Accountants Readlng
ELIZABETH FRY CHARITY FINANCIAL STATEMENTS For the year ended 31 March 2025 CONTENTS Pages Legal and Administrative Infomiation Chair's Report Chief Executive's Report Report of the Board of Trustees 7-11 Report of the Independent Auditors 12-13 Statement of Financial Actlvitles 2025 14 Statement of Financlal Actfvlti•s 2024 15 8alance Sheet 18 Cash Flow Ststement 17 Notes fomiing part of the Financial Statements 18-29
ELIZABETH FRY CHARITY (Registered number: 08606716) LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31 March 2025 STATUS AND ADMINISTRATION Elizabeth Fry Charity is a charitable company limited by guarantee, incorporated on 11 July 2013 and commenced operations on 1 April 2014 GOVERNING INSTRUMENTS.. The charitable company operates under Articles of Association in accordance with the Companies Acts and under the Offender Management Act 2007 (Approved Premise51 Regulations 2014 REGISTERED OFFICE: 6 Coley Avenue Reading Berkshire RG16La REGISTERED CHARITY NUMBER: 1152840 COMPANY REGISTRATION NUMBER.. 08606716 PATRONS: The Rt.Hon.The Baroness Corslon Her Honour Zoe Smith TRUSTEES: G Birkett E Bishop N Brewster J Cottrell AFry S Lingard J Powell A J Rolley K Whitaker (appointed 13109120241 (appointed 04106120241 (appolnted 28110120241 Chair The trustees are also directors of the company R Lawrence-wilson COMPANY SECRETARY: MANAGEMENT TEAM: Chlef Executlve Officer Operations Manager Flnance Manager Referral and Premlses Manager Resettlement and Support Managgr BANKERS: F Humphreys L Oakley S Wilson C Wharton A Jenkins Barclays Bank pl¢ 90-93 Broad Street Reading RG1 2AP SOLICITORS: Hewelts 55-57 London Street Reading RG14PS AUDITORS.. James Cowper Kreston Audit 8th Floor Reading Bridge House George Street Reading RG18LS
ELIZABETH FRY CHARITY (Registered number: 08606716) CHAIR'S REPORT For the year ended 31 March 2025 This is my first report as Chair of Elizabeth Fry Charity as I took over the position at our AGM in September 2024. On behalf of the Board and myself, I would like to thank Tony Rolley. our previous Chair, for his dedicalion and leadership during his time as Chair of the Board of Trustees. He led us through some challenging times, particularly during the COVID pandemic, bringing wisdom and a steady hand to our work. Under his guidance, we have accomplished much and bought 8 real and lasting difference to the women we look after. During the year 2024-2025, we held 4 full Board Meetings. together with our strategy day when we meet with the Senior Managers to review the year and to discu55 our aims and objectives for the following one. We have continued with the previous format of holding our Committee meetings - namely Finance & Buildings and People & Safeguarding, usually around 2 week5 before the Board Meeting. As there are no Committee meetings held betsveen the Board Meeting scheduled for January since the previous Board Meeting in November. due to the Christrn8s and New Year, it was agreed that the January Board meeting would no longer be required. Over the last year. 3 people have joined the Board. Ellen Bishop, Gemma Birkett and Sue Lingard and so we now have g Trustees on our Board. We are fortunate to have very committed Tnembers an our Board who all contribute lols of relevant and unique skills to our governance. Their lime. expertise and commitment are hugely valued. We currently have one more Trustee who has been inlerviewed and offered a role, so subject to satisfactory references and DBS Checks. will join us shortly. For the start of the year, the focus was completing our bid lo be awarded a contract from the MOJ for the provision of an Independent Approved Pr8rnises. This was a huge piece of work that managers had lo complele on top of their day-to-day job and put a lot of pressure on everyone who was involved. A small working party of Managgrs and Trustees was formed and 11 Is now clear that the preparatory work completed before the invitations to tender were finally submitted put us in a strong position. In the meanlime, we were granted an extension of our existing contract until March 2026. We have recently had confirmation that a four year contract from April 2026 has been awarded with the possibility of a one year extension. October 2024 saw the introduction of the Central Referral Unit for the female Approved Premises. All our residents will now have to be referred via this centralised base which means that any woman could be assigned to us regardless of either, where she was being released or where her home address was. The results of this change have been mixed. On one hand our occupancy rates, which had previously been of some concern, have improved with more women than before being referred to the premises. However, Iruslees continue to be frustrated by the problems experienced by late referrals which can now happen even as late as on the day of release. It becomes increasingly more challenging for our Staff trying lo support our residents when important pre-release work is not able lo be completed and so has knock on consequences as to how successful the placement can be. These problems continue to be raised to the MOJ. Over the last year, the Charity's finances have been well managed and not withstanding the turbulent fiscal times that we are currenlly experiencing we remain in a strong financial position. I would like to take thi5 Opportunity to thank Fiona Humphreys. our Chief Executive Officer, her management team. Lauren Oakley, Caroline Wharton and Sam Wilson who have worked so hard this year particularly with preparation required lo submit our lender for the new contract. Together with our dedicated staff members, they work tirelessly to provide the women who reside with us the best possible care and support. l am also extremely grateful to our Vice Chair, Jane Cottrell, and fellow Trustees for their continued support that they give lo the Board and to myself and to our Board Secretary, Richard Lawrence-wilwn for ensuring that all our formal requirements are completed. Kayw Chair lo the Board of Trustees
ELIZABETH FRY CHARITY (Registered numbgr: 086067161 CHIEF EXECUTIVE'S REPORT For the year ended 31 March 2025 It is a privilege to lead Elizabeth Fry Charity and to reflect on the progress and developments of the past year. Over the last bNefve months, we have rem8ined committed to supporting the women 81 Elizabeth Fry House, ensuring that the serVIS we provide are aligned with their needs and goals. A key focus this year has been enhancing the therapeutic and skill-building opportunities available to our residènts. In April 2024. we were pleased to introduce weekly Music Therapy sessions a meaningful addition that uses the expressive power of music to support emotional healing and personal growth. For many of our residents, music offers a way to communicate when words are nol enough, and we have already witnessed its profound irnpacl, both for current residents and those who have moved on and reknrn for these sessions. In addition, we have successfully established a weekly Therapeutic Gardening group. This initiative has provided residents with the chance lo connect with nature. take pride in growing their own food, and contribute positively to their surroundings. The benefits of being outdoors and engaging in purposeful activity have been cleady evident in the wellbeing and confidence of participants. We have also continued lo expand practical opportunities that promote independence and future success. Residents now have the opportunity to gain a Food Hygiene Qualification and to work alongside our Chef in the kitchen. developing valuable life and employment skills Ihat will serve them well as they transition lo the next stage of their joumey. Fgedback frorn residgnt in Exlt Survey "A blg thank you to all the stsff and volunteers at Ellzabeth Fry for all the wonderful times, the help and support. Without you I would not have Ihe future I know l am going to- and I wlll be back to vlslt- not as a resldenti" Securing appropriate move-on accommodation continues to be one of the most pressing challenges we face. Too often, even when housing is secud, it falls short of providing the safety, stability, and support n8cessary for a resident to continue their progress. In response, our Housing and Link Worker has increasingly supported women even after they leave Elizabeth Fry House - particulady those placed in unsuitable or temporary accommodation. Recognising the growing need. we made the important decision this year to increase this role lo full-time hours, ensuring that women receive consistent, infomied support as they transition from Elizabeth Fry House into the community. Positively, we have strengthened our partrberships with a nurnber of organisations across the South of England who share our cornmitment to sUPPOrting women. These collaborations are proving invaluable as we work together to create more pathways lo safe, appropriate, and sustainable housing. l am hopeful that these evolving relationships will lead to increased opportunities and better outcomes for our residents. Resident Feedback "Elizabeth Fry House is such an important place to get support. l arn a different person to when l arrived." While the women we support are with us due to their involvement in the criminal justice system, we recognise that many have also experienced profound trauma. including violence and abuse. We remain committed lo providing a Irauma-informed environment that offers holistic, person-centred support. Our dedicated team brings both skill and compassion to this work, creating 8 space where women can begin to rebuild with confidence and dignity- In addition to regular keywork sessions with their Placement Supervisors, residents benefit from a wide range of on- sile support from specialist praclition8rs. Over the past year, this has included a total of.. 224 one-to-one sessions with our Substance Misuse Worker. 381 one-to-one sessions with our Housing & Link Worker. 213 one-to-one sessions with our Finance Assistant, focusing on finance, benefits, and debt.
ELIZABETH FRY CHARITY (Registered number: 086067161 CHIEF EXECUTIVE'S REPORT (Cont'd.) For the year ended 31 March 2025 l am pleased to report that the team at Elizabeth Fry House has again exceeded all key perfonnance indicalors under our contr8cI with the Ministry of Justice. perforn)ing above the national average. During 2024-25, a total of 92 women accessed a placement at Elizabeth Fry House - an increase from 84 the previous year. Our occupancy rate increased to 61%, up from 560/D the previous year. However, we have seen a high turnover of residents, with many leaving earfier than anticipated and in an unplanned way. A contributing factor has been the short notice many women receive prior to their pl8cemerTrl 290/0 of those who left in an unplanned way had less than eight days, notice before arrival, cornpared with 160/0 among those who left in a planned manner. Additionally. 59 10 of Ihe 54 residents who departed unplanned tested positive for drugs or alcohol upon arrival, highlighting the need for greater stability and preparation during Iransilions. We are working proactively to redvce the number of emergency and short notice referrals. We know that when women are able to connect with us before release. outcomes improve significantly. To support this. we hosted a Charity Open Day in June and held targeted engagement events for prison and probation Colleagues in October and February. Our Housing Worker has also launched quarterly in-person information sessions at HMP Downview and HMP Eastwood Park, allowing women to meet our staff, ask questions, and better understand the support available at Elizabeth Fry House. We plan to expand thes8 sessions to additional prisons in the year ahead. Resldent Feedback Evoryone has boon kind. the support has beon fantastic. I've Ghanged by behaviour and attitude. I made one mistake but because of everyone's genuine kindness it's given me an und•rstanding that thoro is a bettér lif• to be led. The introduction of a women's Central Referral Unit by the Probation Service in October 2024 has streamlined some elements of the referral process by enabling a single suitability assessment prior to individuals being allocated an Approved Premises placement. However, we have raised concerns with the Ministry of Justice regarding the potential unintended consequences, such as the impact of individuals being placed far frorn their hoffle area. This can have a significant impact on their rehabilitation and sense of support. As always, Elizabeth Fry Charty remains cornmitted to advocating for a person-centred approach. highlighting the vital role the voices and experiences of our residents have in informing policy and practice. As we await the outcome of the commissioning prOsS for the contract lo provide an independently managed Approved Premises for women from 2026. 1 remain confident in our future. Elizabeth Fry Charity is well positioned to continue offering high-qualrty, flexible, and person-centred support lo women in contact with the criminal justice system for many years lo come. l am proud to lead such a passionate and committed team individuals who. every day, work with integrity and detemiination to help women take meaningful steps toward a brighter future. Fiona Humphreys Chief Executive Officer
ELIZABETH FRY CHARITY (Reglstgred number: 08606716) REPORT OF THE BOARD OF TRUSTEES For the year ended 31 March 2025 The Board of Trnstees is pleased to psent its Annual Report together wth the Financial Statements for the year ended 31 March 2025. The Financial Statements have been Pfepared in accordance with United Kingdom Generally Accepted Accounting Practice, Standards of Recommended practi (SORP 20051, the Charibes Act 2011, Companies Act 2006 and the governing documents. The Chatity runs as an Approved Premises, governed as a limited company charity under its 2013 constitution when the predecessor'Elizabeth Fry Home" Igovemed by a 1925 Ptivate Act of Parliament) was incorporated. The Charity is also govemed by the requirements of the Offender Management Act 2007 and Offender Management Act 2014. From 1 April 2024 the Charity entered a new two year contract extension wtth Ministry of Justice to provide and manage the Approved Premises. In 2023-24 the Charity submitted a tendering d(Ument for Ihe next contract with the Ministy of Justice. We have recently had confirmation that a four year contract from April 2026 has boon awardod with thc possibility of a onc year extension. Tho Charity continues to opcrato thc Ilpproved Premises in accordance with the Ministry of Justice Contract and Service Specification. Our Purpose. mission and activities Wh8n the Charity was founded in 1853 as the Elizabeth Fry Refuge, the original objects were in line with the social situation of the day. and the application of these objectives has been kept in line with the changing situation of The purpose of the Charity is.. "For the public benefit lo facilitate the care of alleged offenders and offenders and their rehabilitation. The Charity's mission slalemenl is as follows: -To accommodate, support and provide opportunities in line with Elrlabelh F$ original ethos." We believe that everyone: is capable of change shoud be listened to and treated with respect - deserves to live and work in a safe environment -should be treated fairty and consistently The Charity runs the Elizabeth Fry Approved Premises. a 24 bed Ministry of Justice approved hostel for women in the criminal justice system. The Approved Premises provides accommodation, support and monitoring for women on licence, bail or community sentence and who are assessed as posing a medium to high risk of causing serious harm to othefs. The Charity provides a structured regime of interventions aimed at enabling residents to begin to address the issues that led to their offending and empowering them to make positive changes to their lives. Over the past year we have achieved an averdge monthly occupancy of 61°A 12023-24= 56Yo). Occupancy levels are dependent on the number of women being referred to the Charity along with successful move on rates and any recalls which may occur, and is out of the control of the Charity- We aim to achieve high occupancy rates through ongoing work to develop effective worf(ing relationships with referrers in prisons and Ihe National Probation Service. Organisation The staff team is led by a Chief Executive Officer, who is responsible for working with Trustees to develop the Charitls strategy and oversee its implementation. The CEO reports to the Trustees. The Operations Manager. with the Resetuement and Supporl Manager, are supported by a team of professional and household staff, and responsible for the day-lo-day running of the Appfoved Premises. The Charity's Finan¢e Manager is responsible for all aspects of the organisation's finances and, alongside the CEO, for developing and maintaining monitoring systerns and financial policy and Procedures. The Referral and Support Manager, responsible for processing referrals to the Approved Premises and for the physical stste of the building, is the final member of the management team.
ELIZABETH FRY CHARITY IR•gi$tered number: 08606716) REPORT OF THE BOARD OF TRUSTEES (Cont'd.) For the year ended 31 March 2025 Organisation {Cont'd) Trustees are led by the Chair, who is responsible for ensuring the Charity pursues its charitable purposes and the Board fulfils its responsibilitie5 far governance. The Charity operates the following cornmittees which each focus on a specific aspect of the running of the Charity and report back to the full Board-. Finance People & Safeguarding There is a rigorous and robust recrLJitment process for new Trustees. Potential Trustees apply by completing an application form and skills summary. The next step is to be invited for a discussion with the Chair of Trustees and CEO. If successful, polentl81 Trustees are then asked to meet with two current Trustees and lo observe 8 Board Meeting. References and 8 DBS check are oblained befo an individual is formally appointed 8$ 8 Trustee. There is an induction programrne for new Trustees and ongoing training opportunitie5 including an annual "Away Daf. Finances Overall Elizabeth Fry Charity has had a su¢¢essful year to 31 March 2025. The defined benefrt pension scheme revaluation resulted in a move from a deficit of £111.000 to a surplus of £208.000 a change of £319,000. From 1 April 2024 the Charity entered into a two year contract extension wilh the Ministry of Justice. which makes up 94Yo (2024.. 83010) of our total income and giving us certainty until March 2026. The three relevantly qualSfled managers of Elizabeth Fry Charity may participate in the Royal County of Berkshire pension fund. part of the Lo¢81 Government Pension Scheme, which is a mulli-employer defined benefit scheme. All other staff are auto-enrolled a defined contribution scheme run by NOW Pensions, for which.the Charity in 2023- 24 made an employer contribution of 5Yo. The day to day running of the Approved Premises continued to be funded through our contract with the Ministry of Justice. However, Trustees felt strongly thal, in order to provide an effective and supportive service to our residents, this needed to be enhanced by the provision of addib.onal services and opportunities. Trustees were therefore indebted lo our many financial contributors who gave so generously over the financial year. We feel we should ake Special mention of the following benefactors in our accounts- Bethshire Community Foundation To conlribute towards funding the Housing & Link Worker. To further the purpose of the Charity. To contribute towards funding the Outreach Worker. To fvrther the purpose of the Charity. To further the purpose of the Charity. To contribute towards funding the Outreach Worker. To further the purpose of the Charity. To further the Purpose of the Charity. To further the purpose of the Charity. To further the purpose of the Charity. To further the purpose of the Charity. To further the purpose of the Charity. Calypso Browning Trust Church Welfare Association Frank Litchfield General Charitable Trust Michael & Shirley Hunt Foundation Noel Buxton Trust Pilozzo Charitablg Trust Rhiannon Trust Sisters of.Union Mercy Thames Valley Police Communlty Fund Voodoo Park Trust Wllllam A Cadbury Charitablo Trust
ELIZABETH FRY CHARITY (Registered number: 08606716) REPORT OF THE BOARD OF TRUSTEES (Cont'd.) For the year ended 31 March 2025 Health & Wellbeing Over Ihe past year, the Charity has continued to support and promote the health and wellbeing of its stsff. The People and Safeguarding Committee has actively monitored staff sickness levels to identify patterns and ensure appropriate support is in place. A comprehensive stsff survey was completed in Q3 2024-25, providing employees with an opportunity lo share feedback on their experience of working for the Charity and lo suggest areas for improvement. It Is particularly positive to note that in the 2024-25 survey. gOO/D of ernployees said they would recommend Elizabeth Fry Charity as a great place to work, and 951• Staled they were proud to work for the oiganisation. As part of a rolling programme of reviewing employment policies undertaken by the People and Safeguarding Committee, a new bereavement policy w8s developed, offering enhanced paid leave to support staff during limes of personal loss. Two staff members were referred to Occupational Health services to receive tailored support. All employees continue to have access to a confidential Employee Assistance Programme through Peninsula, the Charity's HR providers, which includes the option for face-to-face counselling. In addition, individual wellbeing plans are now in place for all staff within six months of joining the service, ensuring proactive and personalised support from the outS81. Pay Poli¢y for Sonior Staff Trustees consider the CEO, Operations Manager, Finance Manager and Referral and Premises Manager to comprise the key paid management personnel of the Charity. All Tnjslees give of their time freely and no Trustee received remuneration in the year. Staff will usually commen¢e their employment al the bottom of the scale for their role and move up one point annually until they reach tre top of the scale. However, should recruitment to a specific post prove difficult or an applicant demonstrate that they have significant relevant knowledge and skills coming into a role, then consideration is given to appointing higher than the bollom of the scale. Annual pay awards for staff are considered by Tnjslees, taking account of the financial situation of the Charity, the environment in which the Charily operates and anticipated future events. The inflationary pay award for 2024-25 11)ok effect from 1 April 2024 and was 30/0. In 202&24 the Personnel & Safeguarding Committee undertook a review of the the Charity's Common Pay Spine, and as a result The Charity is satisfied that the pay spine is competitive with pay scales for the National Probation SeNice which operates most Approved Premises. Elizabeth Fry is a stsnd alone Charity and not part of a larger organisation. Consequently, members of the senior management team are expected to undertake work and hold responsibilities in excess of those held by their peers in NPS and this is taken into account in settlng the actual salary band for each of the four posts covered by this policy. Risk review Through day lo day management arrangements, Board and committee meetings, the Trustees and CEO keep the Charity's acts'vilies undèr review. In addition. the Charbty undertakes a review of ils risk register annually that focuses on the potential areas of risk that Elizabeth Fry Charity may be exposed to. the impact of the identified risks and the steps that will be taken to mitigate the risks. As of April 2024 Elizabeth Fry Charity entered into a Iwo year contract extension with the Ministry of Justi, which provides the Charity with financial security- We have recently had confirmation that a four year contract from April 2026 has been awarded with the p055ibility of a one year extension. Tustees continue to explore strategic opportunities to provide additiollal service5 to residents. Trustees are aware of the ongoing costs of maintaining the building to an 8cceptable standard and have separate designated funds for the continuing up-keep and refurbishment of the premises lo acknowledge this. Investrnent policy The overall investment objectives of the Charity ar8 to create sufficient funds through income and capital in order to enable the Charity to carry out its purposes consistently, year by year and with due and proper consideration for future needs. As a result of a review of the investments in 2017-18, the Charity appointed Evelyn Partners (was Smith & Williamson) as advisors for its portfolio. Trustees believe the portfolio held with Evelyn Partners has been invested prudently to achieve both income and capital growth and the Charity's investment performance is monitored by the Finance Committee on a minimum half-yearly basis.
ELIZABETH FRY CHARITY (Reglstered number: 08606716} REPORT OF THE BOARD OF TRUSTEES (Cont d.) Forthe year ended 31 March 2025 Reserves poliGy Trustees have examined the Charity's requirements for reserves in the light of the main risks to the Charity, and, during the year, conducted the 8nnu81 review of the level of free reserves required to lake account of any immediale cash flow impllcatlons. Elizabeth Fry Charity recognises the need to hold charitable funds as free reserves in order to safegLJard continuity of provision of required servic8S to women, nearty all of whom will be subjgcl to licence conditions following their release from prison. and to fund periods of unexpected expenditure in excess of income received. In order to ensure stability, adequate contingency funds should always be available. Trustees have agreed a Reserves policy that requires reserves lo be maintained at a level that allows core activities to continue for a period of unforeseen difficulty- Elizabeth Fry Charity aims to m8int8in the equivalent of three months of operating costs as available funds1£321,2221. As at 31 March 2024 the Charity has 13 months of operating costs12024'. fifteen) within its level of general reseNes. The level of reseeS held lo support the Charity with any investment or unexpected expenditure without impacting ils day lo day operations. Trustees continue to monitor the defined benefit pension scheme for applicable staff per the accounting policy. The pension fund actuarial revaluation resulted in a surplus of £208,000 al 31 March 2025, which is a positive change of £319,000 from the deficit of £111,000 al 31 March 2024. The pension fund Surplus at 31 March 2025 does not have an immediate cash flow impact for Elizabeth Fry Charity. The actuary conducts a triennial valuation of the Local Govemment Pension Scheme, and sets the employerfs pension contribution rale so as 10 8nsure the deficit is made oood over time. The next triennial revalualion is scheduled for 31 March 2025. The general resetves of Elizabeth Fry Charity are mainly represented through the value of land and buildings, investments, cash and offset by any pension deficit. Publlc beneflt As a charity registered in England and Wales. the charitsble company also reports in accordance with the Charity Commission for England and Wales, guidance on public benefit and the Charities Act 2011. The Charity advances community development by rehabilitating women offenders for the benefit of individuals, businesses and society in general, who bear the economic costs of crime. Our activities are organised to ensure that the risk of harm residents pose is well-managed. their likelihood of reoffending reduced and their vulnerability addressed. Without compromising those objectives. we will not place unnecessary restrictions on thos8 who access our services. Environment and sustainability As part of our Five Year Plan, Trustees strive to continue lo improve the environment for both residents and staff. With the ongoing increase in energy price5, an energy efficiency survey was completed in December 2022. The findings of this report has identified the followng steps that the Charity have taken to improve il's energy usage: Potential of installing solar panels to our roof space. Complete a window survey identtfying those that are in need of replacing. Insu181e loft and eaves hatches. Roof insulation. Boreseope survey to Idenllfy which external walls can be insulated. The Charity also complies with the Ministry of Justice's Environmental Policy in order to meet our contract obligations. 10
ELIZABETH FRY CHARITY (Registered number: 08606716) REPORT OF THE BOARD OF TRUSTEES (Contd.) For the year ended 31 March 2025 Board of Trustees. responsibilities in relation to the financial statements Company law requires the Trustees lo prepare financial statements for each financial year, which gives a true and fair view of the state of the Charity as at the balance sheet dale and of ils incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently: make judgments and estimates that are aSOnable and prudent.. Stale whether applicabl8 accounting standards have been followed, subject to ar)y material departures disclosed and explained in the financial statements,. and prepare the financial ststemenls on the going concem basis unless il is inappropriate to presume that the Charity will continue on that basis. The 8oard of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the financial ststements comply wtth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregul8rilies. The Board of Trustees confirm that so far as they are aware, there is no relevant audit information of which the Charivs auditors are unaware. They have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that information. Approved by the Board of Trustees on 16 September 2025 and signed on its behalf by:_ K Whllake (Chair) 11
ELIZABETH FRY CHARITY (Registered number: 08606716) Report of the Independent Auditors to the Trustees For the year ended 31 March 2025 Opinion We have audited tre financial ststements of Elizabeth Fry Charity Ilhe 'charitsble company'l for the year ended 31 March 2025 which comprise the Slalemenl of Financial Activities, the Balance Sheet and the Cash Flow Slalemenl and notes to the financial stalernenls, including a summary of signrficanl accounting policies. The financial reparting framework that has been applied in their Preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Prarlicel- In OLtr opinion the financial statements." give a true and fair view of the state of the charitable companys affairs as al 31 March 2025 and of its incoming resources and application of resoLJrces, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Genetally Accepted Accounting practi.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for optnion We conducted Dur audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's respDnsibililios for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the United Kindgom, including the Financial Reporhng Council's Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Conclusions relating to golng concern We have nothing to report in respect of the following matters in which the ISAS IUKI rgquire us to report lo you wherg: the Trustees, usg of the going concem basis of accountlng In the prep8r81ion of the financlal statements is not appropriate, or the Trustees have not disclos8d Sn the financl81 statements any identified material uncertalnlles that may cast significant doubt about the charitsble companls ablllty to continue lo adopt the going concern basls of accounting for a period of al least e1ve months from the date when the flnanclal s181emenls are aulhorlsed for Sssue. Other Infomatlon The Trust8ès are responsible for the other infomiation. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other inforrnalion and, in doing so, consider whether the other inforrllalion is materially inconsistent with the financial slalements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi$5ts1erNent5, we are required lo determine whether there is a material misstaternent in the financial statements or a rnaterial mis51alemenl of the other information. If, based on Ihe work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We have nothing to POrt in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires LSS to report lo you if, in our opinion.. the information given in the Trustees, Report is inconsistent in any material respect with the financial statements-, the charitsble company has not kept sufficient accounting records., or the charitable company financial slalernents are not in agreement with the accounting records and relums.. or we have not r8ceived all the information and explanations we require for our audit. 12
ELIZABETH FRY CHARITY (Registered number: 08606716) Report of the Independent Audltors to the Trustees {Cont'd) For the year ended 31 March 2025 Responsibilitles of Trustees As explained more fully in the Trustees, Responsibiif(ies Slalemenl, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for Ihe preparation of the financial ststements and for being salisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial ststements that are free from material misststeent. whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the charitable company's ability lo continue as a going concem. disclosing. as applicable, matters related to going ¢oncem and using the going concèm basis of accounting unless the trustees either intend to liquidate the charitable wmpany 01 to ¢&ase operations. or have no realistic altemative bul to do so_ Auditor's responsibilities for the audit of the finan¢ial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance wrth ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to inffluence the economic decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit. there is a risk Ihal we will not delect all irregularities. including those leading lo a material misstatement in the financial slalemenls or non-compliance with regulation. Thi5 risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware 01 instances of non-compliance. The risk is also greater regarding irregularities occurrsng due to fraud rather than error. as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and perfornled lo detect matsrial misstalernents in respect of irregularities, including fraud, were as follows.. Enquiry of management and those charged with governance around actual and potential litigation and claims., Enquiry of management and those charged with governance to identify any material instsnces of non-compllance with laws and regulations., Reviewing financial ststemenl disclosures and testing to supporb'ng documenlalion lo assess compliance with applicable laws and regulatsons-, Performing audit work lo address the risk of irregularities due to management override of controls. including testing ofjournal entries and other aéjuslments for appropriateness, evaluating the business rationale of significant transactions outside the nomial course of business and reviewing accounting eslimales for evidence of bias. A futher description of our responsibilities for the audit of the financial stslements is located on the Financial Reporting Council's website at.. vMw.frc.org.uklaudilorsrespon5ibilities. This description foms part of our Auditovs report. Use of our report This report is made solely lo the charitable companrfs trustees. as a b(xJy. in accordan with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charitable company's trustees those matters we are required to stale to them in an Auditors. Report and for no other purpose. To the fvlle5t exient pemiitted by law, we do not accèpt or assume responsibility to anyonè other than the charitable company and its members, as a body. for our audit work. for this report, or for the opinions we have fomied. Darren O'connor Bsc {Hons) FCCA ACA Senior Ststutory Audltor Date= For and on behalf of.. 2210912025 Jameg Cowper Kreston Audit- 8th Floor, Reading Bridge House, George Street. Reading RG18LS James Cowper Kreston Audlt Is ellgible to act as an auditor in lem)s of section 1212 of the Companies Act 2006. 13-
ELIZABETH FRY CHARITY (Reglstered number: 086067161 STATEMENT OF FINANCIAL ACTIVITIES (Includlng Income and Expendlture Account) For the year ended 31 March 2025 Unreslricted Funds Restricted Funds Total Funds 2025 Notes Income and endowments from: Oonations and legacies Charitable activlties Investments 26,469 1,257,800 22,329 26,469 1.270,444 22.329 12,644 Total 1,306,598 12,644 1,319,242 Expendlture on.. Charitable activities Fundraising 1.335.937 559 59,042 1.394,979 559 Total 1,336,496 59,042 1,395,538 Net gain on investments 10,067 10,067 Net incomel{expendlturel Other recognisod gains., Actuarial gain on defined benefit pension schemes Gains on revaluation of fixed assets {19,8311 146,398) 166,229) 15 92,000 336,314 92,000 336,314 Not mov8rnent in funds 408.483 (46,3981 362,085 Re¢onclllation of funds., Total funds brought forward at 1 April 2024 2,687,656 145,828 2,833,484 Total funds carried for4vard at 31 March 2025 3.096,139 99,430 3.195.569 The charity has no recognised gains or losses in the year other than that shown above. All the above resulls were derived from continuing operations. The notes on pages 18 10 29 form part of these financial statements 14
ELIZABETH FRY CHARITY {Registorgd number: 08606716) STATEMENT OF FINANCIAL ACTIVITIES (Includlng Income and Expenditure Account) For the year ended 31 March 2024 Unrestri¢ted Funds Restrlcted Funds Tolal Funds 2024 Note$ Income and endowments from: Donations and legacies Charitable activities Investments 6,978 1,209,461 25,866 6.978 1,404,508 25,866 195,047 Total 1,242,305 195,047 1.437,352 Expenditu on: Charitable activities Fundraising 1.256,177 458 92,227 1.348,404 458 Total 1.256,635 92.227 1,348,862 Net gain on investments 27,930 27,930 Ngt incomo1{expenditurel Other recognlsed gains: Actuarial gain on defined benefit pension schemes 13,600 102,820 116,420 15 146,000 146,000 Net rnovement in funds 159,600 102,820 262,420 Reconciliation of funds: Total funds brought fomard at 1 April 2023 2,528,056 43,008 2,571,064 Total funds carried forward at 31 March 2024 2.687,656 145.828 2,833.484 The charity has no recognised gains or losses in the year other than that shown above. All the above results were derived frorn continuing operations. The notes on pages 18 to 29 forrn part of these financial statement5 15-
ELIZABETH FRY CHARITY (Reglstered number: 08606716) Balance Sheet at 31 March 2025 2025 2024 Notes FIXED ASSETS Tangible assets Investments 1.886.502 726.553 1,555,595 705,488 2,613,055 2,261,083 CURRENT ASSETS Debtors Cash at bank and in hand 10 71.428 595,639 151.119 642,162 667,067 793,281 CREDITORS: Amounts falling due within one year 184.5531 1109,880) Net current assets before pension scheme surplus I Ideficitl 582.514 683.401 Net assets before penslon scheme surplus l {deficit) Pension scheme surplus 15 3,195,569 2.944.484 1111,000) Net assets after penslon scham8 d8ficit 3,195,569 2,833.484 FUNDS Restricted funds Unrestn'cled funds Designated Funds General Funds 99,430 145.828 1.778,915 1.317,224 3.195.569 1.095.579 1,592,077 2.833.484 13 The financial slalements were approved and authorised for issue by the Trustees on 16 September 2025 and signed on ils behalf by'.- K Whitaker (Chair) 16
ELIZABETH FRY CHARITY {Reglgtered number: 08606716) Cash Flow Statement for the year ended 31 March 2025 2025 2024 Notss Cash generated from operating actlvltles 16 157,8551 2.084 Cash flow$ from Investlng actlvltles Interest income Investment income Purchase of fixed assets 5,356 5,975 4,538 5,057 (8,373) Cash provlded by Investlng actlvltles 11,331 1,222 In¢ase In cash and cash equivalents In the year 146,524) 3,306 Cash and cash equlvalenls at the beglnnlng of the year 642,162 638,856 Total cash and cash equivalents at the end ofthe year 595,638 642, 162 17-
ELIZABETH FRY CHARITY IReglst8red numbor: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS For the year ended 31 March 2025 ACCOUIITING POLICIES 81 Basis of Accounting The financial statements of the charitable company have been prepared in accordance with Accounting and Reporting by Charitie5= Statement of Recommended Practice applicable to charities preparing their account5 in accordance wtth Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2019) - (Charities SORP IFRS 1021, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act bl Going concern The Trustees have a reasonable expectation that Ihe Charity has adequate resources lo continue its activities for the foreseeable future after securing a new four year contract with the Ministry of Justice. wilh the possibility of a one year extension. Accordingly. they continue lo adopt the going concem basis in preparing the financial statements as outlined in the Statement of Trustees, Responsibilities. I Income All income is recognised in the year in which they are receivable. Ministry of Justlcg The Ministry of Justice funds approved premises under a contract agreement. Government Grants Government grant income is recognised in the year in which it is receivable and treated as restricted funds. Interest recelvable and invéstment Income Interest receivable and investment income is recognised in the year in which it is receivable. Donations Donations subject to specrfic wishes of the donors are treated as reslricled funds. Resident Maintenance charge While al Elizabeth Fry House a weekly maintenance charge is paid by residents as a contribution to their food, accommodation and utility costs. dl Expenditure Expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered. All costs are considered to be direct charitable costs except the governance costs which relate to the running of the Charity. el Fund Accounting Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity- Oesignated funds are 'unreslricled' funds allocated by the Trustees for particular purposes. Restricted funds are those donated for use in a partiGular area or for sp8cific purposes. Penslon In respect of some staff the Charity contributes to a superannuation scheme at rates set by the scheme actuary and advised to the Charity by the scheme administrator. 18.
ELIZABETH FRY CHARITY (Reglstered number: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS {cont'd) For the year ended 31 March 2025 ACCOUNTING POLICIES ICONTINUEDI h) Tangibl8 Fixod Assets (il Depreci8tion is provided on all tangible assets in order to write off their cosvvaluation less residual value over their estimated useful lives at the following rates.. Freehold buildings 50 years {20A} straight line basis Building improvements 10 years {100hl slraighl line basis Fixtures and fittings 517 years1200/0 114°Al straight line basis Computer equipment 3 years133 /•) straighl line basis lill Assets with a value of £5,000 or more are capitslised. Furniture and equipment are written off in the year of purchase. as these are deemed to not have a long useful life. {iiil Land arsd Buildings were last revalued in 2025 and will be revalued every 5 years from 31 March 2025 or if Trustees deem any material change in market value before this lime. i) Tax The company is a registered charity. 11 has no liability to corporation tax on bank interest received provided the income is spent on its charitable activities. j) Investments Investments are included at closing mid-market value at the Balance Sheet date. Gains or losses on revaluation or on disposal are taken to the Statement of Financial Activities. JUDGEMENTS IN APPLYING AccoufrifiNG POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the charity's accounting policies. which are described in note 1, Trustees are required lo make judgements, estimates and assumpb'ons about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and undertying assumptions are based on historical experience and Other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions ar8 reviewed on an ongoing basis. Revisions to accounting estimates arg recognised in the period in which the estimate is revised rf the revision affects only that Period or in the period of the revision and future periods if th8 revision affects the current and future periods. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Total 2025 Total 2024 Mlnlstry of Justlce Other Residents maintenance charge Grant income Sundry income 1,245,353 1,245,353 1,197,455 12,267 12,267 12,000 824 11,821 194.572 660 12,000 644 180 1,257,800 12,644 1,270,444 1,404,508 2024 1,209,461 195.047 1,404, 508 19-
ELIZABETH FRY CHARITY {Rggistered numbgr: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (contd) For the year ended 31 March 2025 INCOME FROM INVESTMENTS Unrestricted Funds Restri¢ted Funds Total 2025 Total 2024 Investment income Gainl(lossl from sale of Investments Bank interest 19.754 (2.7811 5,356 19.754 12.7811 5,356 22.063 (735) 4.538 22.329 22,329 25.866 2024 25,866 25,866 TOTAL RESOURCES EXPENDED Dlrecl Costs Total 2025 Total 2024 Govemance Salary costs Agency staff Premises expenses Repairs and improvements to premises Insurance Provisions Equipment costs Household expenses Medical expenses Residents, expenses Residents, counselling Residents, a¢livities Staff training Recruitment costs staff travel and expenses Residents. travel expenses Telephone and fax costs Stationery and postage Bank charges Finance cost5 Ipensionl Sundry expenses Legal and prDfessional fees Audit and accountancy fees Charity and trustees expenses Marketing and advertising costs Depreciation Activity fund Fundraising costs 941,737 76.800 34,143 131,350 27,136 24,820 4,194 14,602 4,021 10,361 4,732 7,489 13,992 7.438 8,193 5,826 739 7,282 319 119,000) 1,417 23.838 36.622 978,359 76,800 34,143 131,350 27,136 24,820 4.194 14,602 4,021 10,361 4,732 7,489 13,992 7,438 8,193 5,826 739 7.282 319 119.0001 1,417 23,838 9,450 2.600 8.879 5.406 593 559 926,342 74,610 56,212 87,599 23,611 22.384 3,277 14.602 2,529 7,045 4,352 13,962 10,405 72,104 7.169 3,558 792 6.644 145 (12.OOOJ t,601 23.453 9.000 2.806 4.485 41,166 551 458 9.450 2.600 8,879 5,406 593 559 1.346,866 48,672 1,395,538 48.672 148,6721 1,395.538 1,348,862 Governance costs 1.395.538 48,8 2024 1,301,023 47,839 1,348,862 47,839 {47,839J 1.348,862 1.348,862 -20.
ELIZABETH FRY CHARITY IReglstered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 EXPENDITURE 2025 2024 Net income is stated after charging: Depreciation Pension costs Audit fees Trustees, expenses 5,406 72,708 9.450 2,600 41, 166 66,447 2.806 STAFF COSTS 2025 2024 Wages and salaries Social security costs Superannuation costs 834,647 71,004 72,708 794,615 65,280 66,447 978,359 78,800 926.342 74,610 Agency staff 1,055,159 1,000.952 No. No. The average number of employees during the year was.. The average number of FTE employees during the year was.. 36 20 36 19 Number of employees, whose employee beneflts (ex¢ludlng employer pension costs) lotalled.. £60,000 - £70,000 None of the Board of Trustees received any remuneration other than the reimbursement of travelling expenses totalling £2,60012024: £2,806)- The total of employee benefits (salary and employer's pension conlribulionl paid lo the senior leadership team in the year lotalled £226,488 12024.. £219,126). Key management personnel are deemed to be the senior managemanl team as disclosed on page 3 of the accounts. 21
ELIZABETH FRY CHARITY (Registgred number: 086D67161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS fcont'd) For the year ended 31 March 2025 TANGIBLE FIXED ASSETS Computer Equipment Frgehold Property Flxtures & Flttlngs Totsl CostNaluation At 1 April 2024 Revaluation 1,529 1,660,000 215,000 90,139 1.751,668 215,000 As at 31 March 2025 1,529 1,875,000 90,139 1,966,668 Depreciation At 1 April 2024 Charge for the year Revaluation 1,529 121,313 73,231 5,406 196.073 5.406 (121.313) (121,3131 As at 31 March 2025 1,529 78,637 80,166 Net Book Value As at 31 March 2025 1,875,000 11,502 1.886,502 Al 31 March 2024 1,538,687 16,908 7,555.595 Historical cost 843,871 The freehold propety was valued by Vail Williams in March 2025 at £1.875.000 and has been revalued within the annual accounts. The trustees consider the property's value to be fairfy slated. FIXED ASSET INVESTMENT 2025 2024 Quoted Investments Market Value.. At 1 April 2024 Income reinvested Unrealised investment gainllloss) Gainlllossl from sale of investments Fees 705,489 20,057 10,067 12,7811 16,2791 661,288 22, 758 27,930 (735) (5, 752) At 31 March 2025 726,553 705,489 HlstoriGal cost 695,931 640,568
ELIZABETH FRY CHARITY (Reglstered number: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 FIXED ASSET INVESTMENT (CONTINUED) 2025 2024 Shares are held in.. Smith & Williamson - Bonds Smith & Williamson - Alternatives Smith & Williamson - Property Smith & Williamson - Multi-Assel Smith & Williamson Equities United Kingdom Smith & Williamson - Equities Global Smith & Williamson Equities Overseas Smith & Williamson - Cash 130.175 57,231 43.454 17.664 165,806 179.038 122,857 10,328 130.068 42,897 44,384 17,519 162.501 280,599 20,385 7, 136 10 DEBTORS 2025 2024 Trade debtors Prepayments Other debtors 150 7.198 64,080 41.701 109,418 71.428 151. 119 11 CREDITORS: AMOUNTS DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accruals Social security costs and other taxes Qlher creditors 15,659 20,230 18,067 30,597 40.437 21,545 15,689 32,209 84,553 109,880 12 FINANCIAL INSTRUMENTS 2025 2024 Financial instruments included within the accounts comprise.. Financial 8ssels measured at amortised cost 667,067 184.553} 793,281 (109.880) Financial liabilities measured at amortised cost -23_
ELIZABETH FRY CHARITY (Re9lstered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 13 FUNOS Movement In Funds . Current year Unrestrlcted Deslgnated Funds Funds Reslri¢ted Funds Total Funds At April 2024 Incoming resources Outgoing resources Realisedlunreali5ed investment gain Actuarial gain Gain on revaluation of fixed assets Transfers 1.592.077 1.304,598 {1.285.9181 10,067 92.000 336,314 {731.9141 1.095,579 2,000 150,5781 145,828 2,833.484 12,644 1,319,242 159.042} {1.395.5381 10.067 92,000 336,314 731,914 Balance at March 2025 1,317,224 1,778,915 9g,430 3.195.569 Balance at Incoming April 2024 R9$our$ Outgoing Transfers & Balance at Re$our¢g$ Revaluation Gains March 2025 Restricted funds Activity Fund Counselling Fund Cookery Fund Substance Misuse Worker Fund Berkshir8 Comrnunity Foundation Therapeuts'c Gardener Fund Banham Foundation Counselling Fund Englefield Trust Housing & Link Worker Richer Sounds Foundation Outreach Worker Hlghway One Trust Outreach Worker Sisters of St Joseph of Peace Outreach Worker Weslhill Endowment Therapeutic Gardener Berkshire Community Foundation Housing & Link Worker Church Welfare A55ociation Outreach Worker Noel Buxton Trust Outreach Worker 138 3.139 176 110,000 1.896 644 {5931 189 3,139 {1761 {26,0581 11.8961 83,942 7,561 14,7321 2,829 1.659 11,6591 6,343 16.3431 1,390 3,526 11,3901 13,5261 10,000 {2.1621 7.838 5.000 {3,5081 1.492 3.000 13,0001 4.000 12,644 14,0001 (59,0421 Total restricted fLJnds 145,828 99,430 Unrestricted funds Designated funds Revaluab'on Fund Capital Fund Mary Phillips Resettlement Fund Pension Fund Total designated funds 955,T41 250,000 838 1111,000} 1.095.579 1,592.077 Total UnstrICted funds 2,687,656 321,018 313,896 5,000 92,000 731,914 1,778.915 1293,5331 1,317,224 438,381 3,096.139 1.276.759 500.000 2,156 {63,8961 15,6821 19,000 2,000 {50,5781 1,304,598 11,285,918) 1,306,598 11.336,4961 1,319,242 11.395.538) 2,000 General fvnds 2,833,484 438,381 3,195,569 Included within the inter-fund transfers is £15,296 which represents the amount of depreciation reallocated on the revalued element of the propety. -24_
ELIZABETH FRY CHARITY (Registergd number: 08606716) NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 13 FUNDS (CONTINUED) Alovement In Funds . Prlor year Unrestrl¢ted Deslgnated Funds Funds Restricted Funds Total Funds Al Apn-12023 Incoming resource5 Outgoing resource5 Realised/unrealised investrnent gain Actuarial gain Transfers 7.767,445 1,242,305 (1.228. 793) 27,930 146,000 (362,81OJ 1,592,077 760,611 43,008 2.571.064 195.047 1,437.352 {92.227J (1,348.862) 27,930 146.000 (27,842) 362.870 1,095,579 Balance at March 2024 145,828 2,833,484 Balance at Incoming Outyoing Transfers & 8alance at Apnl 2023 Resources Resources Gains/{Losses) March 2024 R8s(n"cled funds Aclivily Fund Counselling Fund Counselling- Oxfordshire Fund C(kery Fund Substance Misuse Worker Fund Charles Hayward Foundation Housing 8nd Link Worker Fund Berkshir8 Community Foundation Therapeutic Gardener Fund 88nh8m Foundation Counselling Fund Albert Hunt Trust Housing & Link Wother 86rkshire Community Foundation Housing & Link Worker Englefield Trust Housing & Link w0er Debtors ReliefFund Outreach Worker Richer Sounds Foundation outaCh Worker Hig17way One Trust Outreach Worker siste of St Joseph ofPeace Outreach Worker Westhill Endowmsnl Therapeulic Gardener The Hobson Charity Move ort Vouche Total restricted funds 213 5.472 151 2.634 12,463 475 (550) (2,333) (151) (2.458J 137,463) 138 3,739 176 1to,000 135,000 7,645 (7,645) 5,000 9,430 {3, 104) (1, 869) 1,896 7,561 7,000 {7,000) 5,000 4,000 2,000 (5.000) (2,341) (2,Lk)O) 1.659 14,072 9,500 (7, T29) (8.110) 6,343 1.390 s.(0 (1,474) 3,526 10,000 3,000 Ig5.047 10.000 f3.OOOJ (92.227) 43.008 145.828 Unrestricted funds DesTraIed funds Revaluabon Fund Capital Fund Mary Phillips Resettlement Fund Pension Fund 971,037 955. 741 54,937 (32,043) 250,000 3.637 (7.799) 838 {269.000) 12,000 ff I 1,000) 760,677 r27,842) 7.095.579 1,767,445 1,242,305 (1,228. 793) 1,592,077 Total unrestricted funds 2,528,056 1,242,305 (7,256.635) 2,687,656 2,571,064 1,437,352 (1,348,862) 173,930 2.833,484 Included bwthin the inter-fund transfers is £15,296 which represents the amount of d8prgciation reallocaled on the revalued element of the prop8rty. (15,296) 227, 106 5,000 146,000 362,810 (188,880J 173,930 Total designated funds General funds -25_
ELIZABETH FRY CHARITY (Registered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'dj For the year ended 31 March 2025 13 FUNDS (CONTINUED) Reslricted Funds comprise: Activty Fund Financed by weekly payments from the residents, with residents deciding how the monies are to be spent. Counselling Fund The provision of counselling services provided to the residents. Substance Misuss Worker Fund To fund the position of a Substance Misuse Worker for four years from April 2024. Banham Foundation Counselling Fund The provision of counselling seNices pmvided lo the residents. Westhill Endowment Therapeutic Gardener To fund a Therapeutic Gardener working alongside residents to improve their emotional and physical 8erkshire Community Foundation Housing & Link Worker To contribute towards funding the Housing & Link Worker. Designated Funds Comprise: Capital Fund To fund the creation of new upstairs office space in addition to other future projects at the Approved Mary Phillips Resettlement Fund Fund set up in rngmory of Mary Phillips to help aid successful 'move on, for residents. -26_
ELIZABETH FRY CHARITY {Reglstered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icont'd) For the year ended 31 March 2025 14 ANALYSIS OF NET ASSETS BETWEEN FUNDS Net Assets - Current year Unrestricted Funds Designated Funds Restricted Funds Total Funds Fixed assets Investments Net current assets Pension scheme surplus 609,742 726.553 {19.0701 1.276.760 1.886,502 726.553 582.514 502,155 99,430 1,317,224 1,778,915 99,430 3,195,570 Net Assets . Prior year Unrnstri¢¢8d Funds Deslgnated Funds Restrlcted Funds Total Funds Fixed assets Investments Net current 8SSets Pension scheme surplus 599,854 705,488 397, 735 (11 I,OOOJ 955, 741 1,555,595 705,488 683,401 (111,000) 139,838 145,828 1,592,077 1.095.579 745,828 2.833,484 15 PENSIONS The thiee relevantly qu81ified managers of Eltzabeth Fry Charity may participate in the Royal Counly of Berkshire Pension Fund, part of the Local Govemment Pension Scheme, which is a multi-employer defined nal salary statutory scheme. The Fund is administered by the Royal Borough of Windsor and Maidenhead, in accordance with the Local Government Pension Scheme. The most recent formal review of the Scheme was carried out by Barnett W8ddingham and covered the three years to 31 March 2025. Contn'butions lo the scheme are charged to the statement of financial activities so as to spread the cost of the pensions over the employees, working lives with Elizabeth Fry Charity- The movement in value of the pension deficit has been fully reflected within the actuarial105s on the scheme. 2025 2024 Assumptions Salary increase Pension increases ICPII Dlscount rate 3.85Q 2.85° 5.85Y• 3.90% 2.91P/o
ELIZABETH FRY CHARITY (Reglstered number: 086067161 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 15 PENSIONS ICONTINUEDI 2025 £'ooo 2024 £10 Falr Value of Assets Public Equities Private Equities Infrastructure Real Estate Credit Longevity insurance Cash Restricted asset on surplus 1,050 203 216 155 270 1771 1,031 272 226 164 237 (81) 17 1208) Total 1,643 1,806 Net Penslon Liability Estimated employer assets Present value of scheme liabilities 1,643 11,6431 1,806 (1,977) Net Pension Liabillty (111) The roconcilialion of assgts was.. Opening fair value of assets Interest on assets Return on assets (less Intere$t} Adminislralive expenses Contributions by employer Contributions by scheme participants Estirrated b8nefils paid net of transfers in Asset Ceiling adjustment 1,806 90 1491 121 47 13 1541 12081 1,657 80 67 (2) 46 73 (55) Fair value of assets carried forward 1,643 1,806 The reconciliation of liabilitigs was: Opening scheme Ilablllties Current service cost Interest cost Chang8 in financial assumptions Contributions by scheme participants Estimated benefits paid net of transfers in Change in demographic assumptlons Experience Ilossllgain on defined benefit obligation {1,917) 122) 194} 339 {13) (1,926) {21) (91) 60 {13) 55 25 f6) Present value of schem8 liabilities {1,8431 (1,917) -28.
ELIZABETH FRY CHARITY (Registered numbgr: 08606716 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (cont'd) For the year ended 31 March 2025 15 PENSIONS {CONTINUEDI Analysis of amounts to be recognised in gains and losses Section of SOFA: 2025 £'ooo 2024 Actuarial Gain in Scheme 92 146 Hislory of experience gains and losses Defined Benefit Obligation 11,643) (1.917) Scheme Assels 1,643 7,806 Gain l (Deficit) 1111) 16 RECONCILIATION OF NET INCOMING RESOURCES TO NET CASH INFLOWS FROM OPERATIONS 2025 2024 Net incomellexpendilurel las per the statement of financial activitiesl Depreciation charge Unrealised Igainllloss on investments Investment income shown in investing activities Ilncreaselldecrease in debtors Increaselldecreasel in creditors Defined pension scheme lincomellcharges 166.2291 5,406 110,067) 122,3291 79,691 125,3271 119,0001 116.420 41,166 (27,930) (25,866) (116, 799) 27.093 f12.OOOJ Net cash provided in operating activities 157,8551 2,084 17 RELATED PARTY DISCLOSURES One of our Trustees, Anthony Rolley. became a Trustee of The Independent National Approved Premises Association Community Interest Company (NAPAI in April 2019. In the year, the Charity paid NAPA £6.000 12024.. £6,000) for a range of seTNices including the organising and hosting of meetings with Independent Approved Premises IIAP} managers and Truslees from across England, an annual conference for IAP managers and Trustees and staff training. -29_