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 serVI￿S 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 secu￿d, 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 prO￿sS 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 p￿sent 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 rese￿eS 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 misstste￿ent. 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 Un￿strICted 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 w0￿er
Debtors ReliefFund Outreach Worker
Richer Sounds Foundation out￿aCh
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
Des￿TraIed 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
£1￿0
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_