Chormy reg18tr￿lOn number 11S4019
Company raglstratlon numb&r 08216279 {Enuland and TNalB8}
REES FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

REES FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
TNitse¥
MrRCBert
Mr P RobiTrson
Mr8 C Roc
ChY4rfty numbor
1154019
Colnpany number
08216279
Rggl$t•rnd offl
Craftsman House
Do Sall$ Dril
Hamplon Lovell Ind. Esl.
Droilwlth
Wor(¥slershlro
WR9 OQE
Ind•p•nd•nt •￿MI￿ar
Orm8rod RutteT Umltsd
The Oakjey
Klikt8miinster R(Ad
Droilwich
Wor¢eslèrshirè
9AY

REES FOUNDATION
CONTENTS
Pagg
Trustees, report
lThlapènd8nl èxamin8fs reFK)rt
Ststement of flnandal actiMlie8
10
Statsm￿l ofrash flows
11
Noi*$ iothe fknandal stalements
12-23

REES FOUNDATION
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The trusl¢g$ pre$enl th•ir raport and finandal stalements lor the y8¥ 8nded 31 December 2023.
The trustees have adopted the provlsions of the Statement of Recommended Prd¢tice ISORP) 'Ac¢ounln9 and
Reportln9 by Charlles, (FRS10211gffo¢Uve 1 Jgnuary 2Q19} In preparlng th& Annual Teport and financla5 Statements
of the charily.
Charftablg d>lecOvgs and othttt¢•
The chartvs objects are for the public benefit, lo r858ve by Such mean$ as are ch8ritabl&, chlldron and adults who
have had toster rare or resldentlal care experfence by the provislon of SL¢)port, advice, resourc88, a5S18tance
Irinandaj gr otherwise), grdnls, programtN$ and olhai acfvM&s to:
a} advance edu¢%lion',
b) relieve unemployment-,
c) promole the soo21 incluslon among Ih8se benefic4aries who are èxduded from sodety, or pats of SO￿aty, du& lo
Ihelr sodal ore¢onomSc ¥x)Élllon', and
dl dev8lop Ihgir capac4ty and s￿118 In such a way Ihat ihey bètter ablè to Idantlfy. and help meeL thelr needs lo
P8rfrapAt8 more fvlty In soeAety.
Rees Foundallon's provision of oppothnitles to care eyperienced 8dults with w) upper age Ilmll Is somgwhat unlquo
as many organlsallon8 limit1he projecls and act1￿￿e5 to care expertenced people who are 25 and under.
We will continue to growour rdalionships ¥￿th care p80tAe 3nd 8trèNJlhen our ¢￿prod[tell¥e approach
lo lh8 d8vek*pment and dellyory of support, aclmlles, 58Nces, and opportunitlgs Ihalwm enhan¢e the IIve8 of th08È
Publ1¢ benefft
The Tru¥te9s have COMp￿0d th Ihalrduly to havè duo ragard to th& guldaneg cffl pubThc benefit as F)ublkhed by the
Charty Commissltrn and ¢ttnsider 811 the activities undertaken to fvrlher Inè tharfty's purposas to b6 of publlc
benefrt. ￿ ar& ddighled to PrO￿de a range of deta15 across Ihe report lo illustrdle this CDrnrnitrnenl.
Ourthank9
We aré thankfvl to all of Ih@ staff. Sltpporters and volunieers17ndudlng our amba8sador81 at Rees Found&*on for
Ihesr hard work and unwavering wmmitinent. The relend@55 efforts and p05ilive atttiude of the commuruty have
beèn Instrumentrl In helping the Charity to achlesp kn goals continue to thrfvtr.
Achlevem8nts and porf0M￿nCe
This year the Chartty performed eX￿p1k)nallY well. ¥￿th considerable year on year increa8e8 both in lem￿ of
baneficlary engagement and finan¢lal InfX)m8.
Wo are p8rVwlarfy deli9htsd to havg ralsod the profile of the Charfty through our engagemenls wlh care leaveTS,
car8 eXperfer￿ed people. PTactltioner5, and Publ￿ and privalB ¢Jrganisalions at n8tlonal level. Th¢re h8s been
Jntinu9d trffort by Ihe Charity in marketing a range of our Iralning and commlsslonable servlceB. We continued lo
inuease the charity's ￿SibIlity through Bocial media and our wèbsftè which rethlv6d 64,T23 Vi￿t9 durkw 2023 an
Increa8è of 13,470 on the prevlous yeor.
As w¢ll as UK roach. tho Charfty was honoured to b8 InvKed lo rneef wllh and shaTr our knowkdge Bnd 8yperti$e
with offlclals frcffl Ihe Au#tralLqn and German L￿￿n9 Care D¢partmonl$.
Signfficanlty, th[8 year rnarked the 8groemenl of 8 naw fv&ya8r stratsgy for Ihe FouNlatlon ¥thich sets our
ambttions to bulkl communKy'. support Pla￿lce Improvemgnl.. provide safe hornes., and reach p¢rtential. Each of
thèse four plI￿r$ contains a series of ¢041èvek)ped projects lor Implemantabon vAth all our athvttbes underpinned by
rA)mmltrnenl to ￿ng a care leaver-led organisation. The ￿hieVements and ￿rt0￿79nce sèl OLrt balow
compJementlh15 stra18gic wsion and holp $¢111 up for fulllre success.

REES FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Rees FoundallDn retalns its pl8dg8 lo fhe Mindful Empltyer charter. an NHS Inlllathie Ihal supports omployers
lake a positive approach towards Ment￿ health at work. Ra6s FoundaUDn rnainta1n5 rts (x)mmltrnent lo the mental
health and wellb&ng of our stsff, assgci81es, and stakeholder8 and almost all of our staff are Mental Health Flrsl Akl
qualtfied. Four more staff members were trained in Levd 4 in Trauma lllforrned CBre h81ping to fulfill our aim lo
become a trauma Infom)od organl$aUon.
We were swAasshJl In rgnewing our CylJBr Es8enllal$ seC￿[[ty Cerllffcatlon whlch WM r￿$SUrB our boneffclarfo$.
customèrs, 8nd Dther 31akeholders that Rees Foundadon are commltled to 98curfThJ thè Charty'$ IT syglems
8gain8t cybgr41th.
New for 2023 was our inveslmenl to grow frjndralslng from ¢h*ltable so￿e& lo compl8rnenl ow &x18Ifi9 work
wilh Income fiDm cvmtni¥sioned swv￿8￿. We registered with. and act in complionce with th8 Fundraislng
Regulator. Vve empkjyed an iTrhou5e fundfais8r Imanaged by th8 Charily Chief Execulivel lo begin ¢0 build our
¢harlty fundralslng Infrgslru¢ture plus plwllne. Vwe dld not engage the seMce5 of any Ihird-party professional
ndralslng agen(ae8 lo undertake dlrect response fundrais#ig. s0￿c[tatIon or cJJlUvalion, eithar by phons, online or
fo¢&trface. Prlmary actI￿lIeS have been twst Bnd foundation 8pplic8tion8, ￿Wd￿ndIng plu8 ir￿reaSe in our
co￿orate offerfng$. lo work towards continued financlal 3ustainablllty.
No ￿MplaInts kn r&gpeet of our fLmdral$lng advlty have been recelved and w8 contknue to en8ure Ihat the
charfty's fvndral$ln9 gffort8 aTe carefully managed and targ8ted so aB to protect vulnerable p80F48. record
donor detalls and preferen￿8 on our secure database whth complie5 GDPR standards, w8 8nsure w8
only contacl tham Ifthey opl In lo thls optlon. All 8UPPOrter8 hav8 the Option lo update their conlact preferences at
any tlme.

REES FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Revlow of Operattonal AcUvltS&s
Our Succoss In 2023:
The demqnd for our seNlces Inuea5ed In 21r23, hIgh1￿hlIng the need for conllnupd support. 2023 saw our
databas8 of ¢•p expeden¢ed people grow from 22BO to over 4623. We had 1665 gnqulrfes over the y8ar, acros8
922 diffwent Care eXper￿nced peopb.
As well as Indiwdual support We mel wtth the Inforffl81ion Commi55K)n8rs Officers OCO} and a group of rxr8
oxporfe)Ked Individuals trj shgrg Ihalr p6rsonal experfences of the Subject A￿sS Requesl PTOC88S In tespeci of
their care records. 1118 hoped that Ihg sh8rlng of thelr expèri8￿￿s wll Influence change In poHcy and pracuce for
cara leavers In tha future. W8 also actlvfrly champloned Naltona Care Leavers Week as a recognlsod nattoNwklo
annual event during October each y8ar. Thls yoar we were honoured lo presenl wmards and lo speak at Local
Authoilty ￿re leaveT events. The charfty's them8 th1$ y&ar was lo promot8 ralatlonships & COn￿¢ll0ns. and wa
ran 4 cowpelltlon lèav•rs lo d8sign tha kgo forlhe event.
Ove
GTant4Nakln9 $UPPOrt
Reas Foundatlon was pleased lo offer financkil as518tan¢e through an Educ9￿on•1 Gr8rrt mgking projeal lunded by
th8 Welland Trust. Care expèr1en￿d adults who are not e￿gIble for sludenl finance may apply f(Y support Mth
tuition lees and other as3ooal8d costs to swport thèir further educollon and trainkng. Addttonally we were
pleased lo be able lo offer Sorne help forthose expertendng a finandal cD81610 ald the purchBse of groc8riè5 and
ublity cost&
In ih16 period. we received 212 ap￿iCatIOnS grants- 129 01 Ihèsg were educAllonBI grBnts', wè wara
able lo halp many ￿th equlpmenL laptOP5 and iravel to ald Iheir studies and 20 ￿re expwienced PgDP
were supported wlh 18rger grants for support such as lurtlon fees for university. This meant that these
care leavers were able to pursue the necessary Ii)w8rd& th8ir chDS8D cat8er goa15 ranging
from PhamiBcy, Social ￿rK co￿sellIng, Barrister. to gas engineerto ffilm making.
In addillon, Twxived 902 rxisi5 fund appllcallons, 523 wh￿h were supported ffina￿al￿, bul All
appllcants were offered emotional 5UPPOrt and thos& who m8y not hav• beèn 81igiblè for flnandal
support ￿r• $19npostsd to hodbanks, arfvocacy wlth PA. local weMaTe $Ch￿ne$ where 8ppropri8ts.
Provlde Saf• Homes: 41ouslng wlth mentorlng SUPPOrt', We ¢onllnued lo prow¢Jg supported, 8ffordalAe
hou8inu for 7 care experfer￿￿ adult$ and 2 chlldran, wlth 2 addll*onal chSldren lolnlng parents In the second
haifof the year. During the year 2 lenarrts reach8d 1heir 2-yeai annlvevJary, one young family leached Ihelr
ye8r an￿1v&r￿ary and ona x 3 generath)na family reached Ihelr 2-year annlver8ary wllh another indlvldual
being supporled for 10 monlhs arKI anolher ¥hI8￿ng A lull ya* or stabllity In thdr home desyte fadng
mulllple challènge5 along the way.
R￿h Potentlal: *mployablllty.
87 ¢are18aver5 were suppor18d bither by an Employment Coath OT by altending the'uplify
programme, as a result 12 were sUPPOrted dlrectly Into employment or sdf-8mploymenL
Launched Ihe 'Future Me, you1￿locuSed services wlth grants trcffl Eveson Trust and JDhn Le4￿$
Foundatbn.
Conlnued ¢]UT UplifL employabilty focused support programme 8UPPOrted by Gaolf HÈtrington
Foundalbjn.
Panel Tralnlng: we were p￿aBed lo Iraln and prepare 37 ¢are expE￿ent*d people lor the pald rol& of
P3nel membeT.

REES FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Bulldlng Communlty.. Workshop4 and Support
Rees hosted 74 Lef5 Connect $ossl¢)ns that achieved 334 aftendances by care experfeni*d p80pA& who
were 8UPPOrted In a range of way8 Including health, wellbeing, learning n8w skills and peer support.
Th18 year welcomed 4 more cafès to our afflliated café prDj£Ct in Bromsgrove, Wolvarh8mpfon,
Cardwf and West Bromwl¢h whlch brirvJs ￿Jr portfolb to 9 inviting spare$ wherg care leavers wll b&
w8knme to use their Café Guest cards.
Expandgd and developoa'Co$l of LNinu' Support s•rvltt85 wrfh the gen￿oUS support ol Gove¥nrn8nt and
Corpordle funding.
The Chanty 7 creallve arts prole(Is wlth 113 care axparlétK¢d people ￿agIng in a rongo of face to
face gr￿ online adlv411as and compel￿OnS.
Wg launched en oppurtunty foi care exp¢rfenced parents And grandparen15 to appty lo the Imaglnation
Librory in order for thelr chitdr8n orgrandchlldren to rè¢elve a book every monlh In the p08L By year end
63 rhlldren were re¢elvlng the books.
Supportlng Improved prnctleo thro￿9￿ loarnlng and dO￿lopment- Commlssfjonablg 8eTrvices
Raes Foundalon delivered 29 Ind￿Idual leaming and devolopmsnl sessionB lo a range ol Orgar￿s91klns
Sncludln9 prfsons, uniVers￿es, fost¢riig agenpAes qnd Local Authority Leavirg Caro T¢am¥ with over 230
practllloners In attend8no.
The Chartty was commlsslongd by a rangp of to dellvor work8hops and host breakf88t dubs
whore a lotsl of 143 care leover8 In custody wero SUPPQrted.
D&vefoped and commenced marketing of DUT unlque Rees P6r8on81 Athrf8or Skills Support IPASSI
Iralnlro programTlle.
Th• Chaws guided swjport servKe for fAre ¢xp9Hen¢ed p￿pIe acce$$lng thtlr ffiles wa8 commigsloned
by 4 LocalAuthorille8 for 5 IndI￿dUal8.
The ChaiiV5 Ask Jan men*grship support packagè foi cJr8 leaveTr oJntlnu&s to be acyvety marketed
natlunwide lo organ190Mon$ Including Local ALtthDrrfe3, Universrties, Prlson and Probation servlces and
Dlhers. Al the and of the year 1072 car¥ baver5 were benefitung from the membership havlng been
mmission8d by over40 orgonlsation8. We conllnu• ta develop this programmè t)ffering ftjrther rnethods
of engagement Includlng VVh8lsapp, Facelxjok 8es5ions and a dlscounts web8ite with an Incr•Ased
number of supplkn d18counis.
Rkk Management
The Charfty takeB a 8tr1¢l wew in the safeguardlng and wewara of Sts bgn$fi¢laries. This dsk h alievkot6d by annual
reviwj and update ol organkallonal pollcth. Rlgorous reuullmenl and Ve￿ng pmcedures. B￿annUal staff Iralning
nd maintalnlng saf6guarding 83 a agenda it&m in Btaff sup?rvi5ton. The Charity has clear tapotting
procedures and undertakes risk a8$e56Ml$ in relation to Its operallon8.
An kncidenl of firh8nci81 rtsk w￿h1n our grant procèsses underscorad the ¢rftlcal Irnportan￿ of robust fraud
d&tecUon and financial risk rn8nagem?nt rneEhanisms. Thè ch8rty was able to leam key1855ons from the Incldenl
and subsequent m6asurg5 were irnplemgnted to $lrenglh8n our dgfgnca 8galnst Slmllarlhreats in the fijtur
stvwardship of the tharltys resources lffnandal and slaffj lo onable ￿ to dglfver it8 mi85lcffi are revtewed gU8rterfy.
wlth any sItuaN¢￿$ of concem fiagged to the Trustees wllhin 14 days.
Rees Is commlttgd to addre88ing a￿1 19gmirYg from 1he axpèrlont%s ol our benefIc1arf￿ and adively Invlles
feedback and representation. An exarnple of our commltmenl to contlnuous h)provement includes changes and
Improvements m8d$ to the appllcalton prttess for the Imagination L￿rny project following feedback r9cei¥¢d.
Whatwlll we do In 20247
The recent &xl8nsion of local authoritiès 'duty lo provlda PersonalAdvisor IPA} supporv lo all (gra lèaver8 UP to 26
wh8r8 reqvesled reffeci8 th$ app￿￿tIon of MTporate parenting prindples Idespme many care leavers optlng out of
eontinued support). However. for thos¢ over 25, there is a la¢k of suppori, des￿te them beln9 Impacted by thelr
expgdon¢o8 In the rar& system.
R?es is committed lo ex￿Oring option5 to suslaln oyr I￿ltsng nefvmtk and m8kg a lasllng impact on those vtho
conllnue lo navigate the d)alen9es assotiated with aglng out of the oaTe system. Wè look foM8td to tx)nllnulng to
&xamine this issue a$ wt ofth& delivery ofourflve-year strategy.

REES FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 DECEPABER 2023
Flnan¢lo1 revlèw
Reg¥ Foundatipn incom6 for 2023 was £873.197, a reduclon of £179.182 117%) from 2022, wth th8 ChBrity
recei￿ng a 8ubstanlTal grant from Ihe Welkgnd TruB¢ £225.OtQ19ss then had boon ap[￿led for. Grants from
other sour￿5 were £119.356 more than in 2022.
Fundlng sources included.. John Lews Foundation, National Lottery, Charfe8 Hayward, Evgson Trust. NalknBI Grfd.
Aviwd Communlty and C*Dff HgrHngton.
Corpordta and Indmdual donalons grew io £38,481 from £4,881 In 2022 wh5ch induded donatbns from 8arberry
Group Ltd and Flne Fourteen.
Total Incsxne relallTrJ fo involced ¥eNices s￿h 88 tr￿nIng and m8mbor9hlps de¢lkned by 4fj% frorn the pr￿ou8
yoai lo £87.380.
Chafitsble gI￿n9 In Ihg form of grants Inuea58d lo £106.955. from £86.$42 in Ihe prioTyear.
Finanrial 8ssl$lanca for crfsls payThenls for groceries and dome61k eneTQy Costs was signific8nlly hl9her durlng
2023 by BO% to £35,889, wllh a total number of IndI￿dualS wjpported rfslng from 232 10 353, also a notable
Incwse In averagg support wovkled, from £86 to £102 dug lo ollgoing cost of ts¥iig in(xeas•s.
Tol81 ¢h¥itablo exp8ndMwe increased frorn £780,143 In 2022 to £851,837 in 2023, wlth slaff costs increaslng from
£431,273 to £647,950.
Ther8 was a n8t surplus for the ye8r of £21,56D an over811 re8uII that WBS 76% greater Ihan budgeL Thg POB
budget variance was large￿ attdbulabl8 lo IDwer-Ihan-expgctgd gen81al 8tnploym•nl costs and the ￿zea￿le
CDnlrfbution recèNed from grant provlders and corporate and i[5dl￿dUal donations.
The charty reserves slood at £392,029 al th8 8ThJ ofthg year. wmh a cash balance of £È164,827.
Reserves poNcy
The Trustees conslder that gen￿al unrestrlcied funds shoukl be largetsd al a1gvÈI equal lo six months, es￿1￿1
expendrfur8 lo ensurè that th& charfty has Suffldent reseNes to meet C08ts as they fall du8, Wh￿81 COn￿nu1Th9 to
delNeT on Ihe Gharitable objectives. Su¢h fè$eNes as of 31 D￿mber 2023 ex¢eeded this level, the Trustses are
corrfklent thal sufficSent cash resources are available to continue to suslaln Ihtr Charftoblè aclivitl8s and w5thstand
une>pectsd ovènls. The Tru5t8e8 will conllnue lo monllor the level ol reserves.
Sivu¢luroi govarnan¢• and n¥n•gement
Charity structu¥e
Our slaff rosources havo wanded to acty)mmodat8 the gr￿n￿ number of enquiries, engagemènts and
aclfvitles. Whatever the nature of the InMal enquiry,. 11 19 ossenllal that thè Charity afford ihe tlme, care and
8ttetJtion for OUT rare 8XP8ft8negd people lo develop INst and to know that Rees FoundatK)n realy care about
what might be Ong on for them and wher8 wg can idantfy potentlal options lo help them. At year end. we
employed 15 people compared to the prevbus year end when WB employed 13 peop￿ on our st8ff tsam.
We have rnaintanad our pool of sell-employed 1rdiner&[a￿1italarS, dWse group of care expertenced
Independ8nl C￿SU￿tantS bring a whol8 range of valuable skills and kn￿edge to Rees FoundalN)n and arg
Instrumental in the devebpmenl and delivery of our tralning services. Th15 align5 with working toward5 ow aim
of Improvlng 8pA)nomlc stalu8 of care èxpBri6n&gd Indlthduals and impmwng their CareeropportU￿tI0s.
Govgming do¢wn#nt
Th8 charilyls 9)verned by its Memorandurn and Art￿lt$ olAssc¢iatlon dated 1Yth September 2012, a8 arnended
by sp8d81 r&$olutk)rs règlslerad 81 Compan1&5 House on 17th $8ptsmb8r 2013.

REES FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED)
FOR ThIE YEAR ENDED 31 DECEMBER 2023
TNstees
The trustees, who are al￿ Ihe dlreclors lor th6 purposè of(xJmp8ty law, and who s•rv8d durfng th& yaarwerg:
Mr R C Bgrtle
Ms J Re69
Mr l Frank
Mr M Mikely
Mr P Roblnson
Mrs C Rod(
1fte￿gned 3108Gomber2023)
(Resgned 19 July 20231
(R8sign8d 29 February 2024)
Rècrultfnen( appoltthwnt and Trysignatlon of Trnstees
The Tru8lees, who ara a159 directors under company law. aro appointed by ordlnary resolutlon or by Ihg
Trustees of the tharfty.All TnJsle6s glva of th81r tlme ftsely none claNned remuDern￿on In the year.
Tha foundar and Chair of the Charlty stepped down as frorn the 31st Do￿￿b￿r 2023. and two lon*slanding
Tw818es resigned from thè Chafty, one in July 2023, and another in February 2024. both expressed th￿r d&sl
to remain supporteis ol the Chadty on an Inforynal basi5. Our thanks to all for thelr S8￿ce wlth partt¢ular
recognttKJn of Jan Rees's tromendou$ rolo In the Charills initiation. growth and dgvek)pmenL
Th6 n8w Ch8ir (R Bert￿1 and Vlc&Chalr IP RoL¥nwnl were appotnted In post In M8rd) 2W.
The Board agreed 8 requirement lor the Charty lo recruit addrtional Trustees and a fecruitmenl campaign began In
Septembèr 2023 ￿￿th a dollb8rat• lrtus on expanding the diversty of thg Board. Including Increa81ng thè
ropre8gntstTon ofpec* wllh Ilv8d experience. Four new Tnjstees were oppc4nted tojoin thp chaiily in spriNJ 2024.
OryanIsa￿￿naI Btructhre
The Trustees are responBibb for managing Ihe charfty. Responsiwidas lor some funclons are defeyat8d lo
kndlvlduals as Ih&y ￿fft. The Trustees pro￿de dractlon aNI d$¢i$lon ma￿Trg to lh& Charmy Chlef Executlvè who is
wJn$lblg forlhe daylo day running oftho tharfty.
Inducdon and tralnlng of new tnmtsès
New TNslee8 are prO￿ded wth InfDrrnalion In Ihe fomi of a Tru8te&s' H8rKlbook Indudlno dèlai18 from the Chorlty
Cornmlsslon explainlng thoir duties and ￿SponsIbl11￿es a¥ Tru3lee8, the terms of their engagement as Tw$t¢e and
detalls of tho tharfly'8 key prfnop16s And alm8 for ts wor
Each Trustèè is also provided wllh a copy of Ihe rharivs Memorandum and Artlclos of Agsoclatlon and
recommended resour￿ and reading 118t to o93i3t their role and development,. these are alsc aval￿ble from the

REES FOUNDATION
TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT} (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statsment of Iruslè8s' responslbllitl&8
The trustees, who a￿ also the dlrecloTS of Ree5 Foundallon for the purpose of ￿rnpany law. are respon3llAe lor
pr8paring tho Truslee8' Report and the financyal staloments In accordance with 8PtAitsblè law and Unlled Kjngdom
Accounllng Standard8 (United Kingdom Generally Accept8d A[￿untinU PrdCtl¢6).
Company Law requires the Iruslees to prepartr financt81 ststèments for èach flnanclal y¢ar whl¢h glve a true aNI falr
ew of the state of affair5 of the charffy and of the in￿MIng re$Dur¢es and application ol resources, IndUd1￿ the
Inrxsm& and expent111ure, ol th8 ch8rltsble company forthatyear.
In preparfng Ihese ttnan¢L41 stat8m8nts. the truste6s are required to".
- 8elecl 8ullable accounting poiiues and Ihen appty them ¢on3i3tenUy',
- ob88rvt m6thod$ and prfndple8 th the CharNlg8 SORP..
- mak&judg•ment8 and e$tlm8t88 Ih8t ar8 raasonAblq gnd prudenl,.
$18le whether appllcable UK AccountiTrJ Standards have been followed, subject to any material departureB
dlsdosad and explalned In the ffnan¢kql gtstam8nts' ond
prepare the ffinancia] statements on th& going con￿rn basls unless it 18 InappropTiate to presume that the charity
wlll ¢ontinu• In opèrallon.
The truslo85 are responSI￿e for keeping adequate accouTrllng records that disclose with rea50nat49 a¢rAJraty al
any the flnanckl polllon of the charity and enable them to ensure that the financial statements Bornply wtth the
Compani8s Act 20C6. They are also responsib18 for s8f8guardlng Ihg 3ssel¥ ol the charity and hance for taknng
rea80nable st8ps foi Ihe prevenllon and deteGbon of fraud and other I￿egulari￿s.
Th8trusleg8' raport was apprts￿d by th& Board of Trustses.
C Bertie
Chalr ol the Board olTNstO98
Date. ...a..i../.i..la.o.

REES FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF REES FOUNDATION
I report to the tsu￿998 on.my examln8ll￿ of the InanLYal staternents ol Raa$ Found8th)n Ilhe chaftty} IDI the
year ended 31 December 2023.
R￿PonSIbIlItIeS ba81¥ of report
As the trustees of th8 charity {and also rts directots for he purpos8s ol company lawl you aro responsible for
tha preparati¢￿ of the financAal stalem8nts In &C￿rdall￿ with the ￿uirem￿n18 of the Companies Act 2008
(the 2006Acti.
Havlng Ballsfled my5eWlhal th6 fln8ndal 8tsfements of the tharity are not wulred lo be ak￿lted undar Part 16
of the 2008 Act and arè ellglble for Independent examlnallort, I r8POrt In resped of my examlnallon of Ihe
charitys finanrAal ststements eath8d out und8r 59Ctl¢)n 145 of the Charilks Act 2011 lthe 2011 Act). In carrylng
out rny examinalv)n I ha￿ followed all Ih8 appNcable Dlreouons gI￿n by th• Charlty Commlsslon under
section 145151{b) tyf the 2011 Act.
Indopondent examlnèf$ $tatsment
Slnce Ihe charttls gross In¢omè exceedad £250,C￿0 your examlner musl be a member of 8 body li81ed in
sectSon 145 of tho 2011 Act. I confimi that l am quallflad lo undertake the exarnlnalon be¢au8e l am a member
of FCCA, whlth Is one of the Ilslod bodl&s.
I hav8 compl8led rny examlnalion. I confimi that no m8tt8rg have wmo lo my attenllon in connecaion wllh the
exarnknaliun Q￿ing me cause lo bdlgve that in ary material re5pe¢t'.
8c¢ounling records were not kept In respect of Ilt8 charty as required by 8eclion 386 of lh8 2006 ACL. or
th8 ffinan¢ial Statements do not ￿￿th those ￿Cords. or
the ffinanclal statements do not comply ￿th the accountlng requlrements of Sect￿Tr 396 of the 20tk8 Act
other Ihan any requlrem¢nt Ihattho actyJunt8 9lve a true and falr th ￿lChI8 nol a matter con8idered a8
part ol an Independent examinali¢Jn- or
(he finanoal statémènts hsv8 not been prepared in accordanc8 With thè m6thod5 and prfnclpl8s of Ihe
Slalemant of R8wnwnended Practice for accountiwJ and r8POrttng by rharilps appllcable lo thadlles-
preparlng their aco)unls in accord8n¢È Mth th8 Financ4al Reporting StaTSdard w11￿ble in the UK and
Repubtic of Ire19nd IFRS 102).
I have no concems and havo como 8cfDS$ no other mattefs In connectlon wtth the examlnallon lo
attention should b9 Ilrawn In ihls report in orderlo enable a propel und¢r¥tandlng of the IlnanrAal 3tal?ments lo
b8 wthgd.
Cc4m McGrory FCA
oM￿r0d Rutter ￿mIted
The Oakley
Kldderminslef Road
Dro1￿ICh
¥NO￿$tersh1re
WR9 9AY
Oated.. .-2J..l.i.l..o.£'.

REES FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OECEAIBER 2023
Unr•8trtcl•d UTrrnstrlctod R•strlcted
nds
fund
fund8
general deslgnated
2023
2023
Unrastslcted UnT•8trlrlgd
fund#
fvrtds
g•n•rdl d•$lgn•tad
2022
2022
Totsl
2023
Totsl
2022
2023
Nolo8
Incomg from:
Donations and
legadg$
Charltsble
684,584
101,233
785,817
889,681
889.681
87,380
87.380
162,698
162,698
Total Income
771.964
101.233
873,197
1,052,379
1.052.379
Charitab
actiwos
807,S03
44.134
851.637
780.143
780,143
Incomellexpendllur&>
135,5391
57,099
21.580
272.236
272,236
TraTr8feT8
etween ftbnds
{5,0Tr)
Net
mov•m•nt In
funds
(30,539)
(5,000)
57,099
21,S80
272,238
272,rJ6
Reoonclllatlon of fund8:
Fund balances at 1
January 2023
365,489
5,000
370,489
93.233
5.000
9B,233
Fund balancos ot 31
December 2023
334,930
57.099
392.029
385,469
5,000
370.469
Al IncL¢me and 8xpendli ura dtirivo from oonl1nui￿ aolMlle8.

REES FOUNDATION
BALANCE SHEEr
AS AT 31 DECEMBER 2023
2023
2022
NotsB
Flx•d a$$ets
Intanglbla assets
Tanglbltr as58ts
11
12
881
10,717
2,369
12.037
11.598
14,406
Current asgets
Debtors
C88h al barbk and In hand
13
18,011
464.627
12,854
411,510
480,638
424,364
Cr8ditOf8: amounts fallSny duo vAthl
one yoar
14
1100,207)
{66,301)
Net current assèts
380,431
356,063
Total assets logs curraDt11obHItIo
392.029
370.469
lTheomty fund
Restrlctèd furKIs
nr&slrici8d
Designated funds
General unrestriclad funds
16
57,099
17
5.000
.469
334,930
334,930
370.469
392,￿29
370.469
The company Is entftled lo the exempfion from th• aud￿ roqulrgmenl contained in sectlon 477 of thè Compgni88Act
2008, lor the year end&J 31 Dac8Trlxr2D2&
The dlrectors 8d(nowledge Ihelr responslblllli$s for comptying wilh the iequlromonls of th& Compani•s Ad 2006
r8specl to accountin9 record$ and the preparation offfinanckl statsmnts.
mgmbor8 have not required thtr Cornpany to obtain an audll of Its finandal $latsmpnis for the year in questlon
in aKordance with saction 476.
Thes8 finanrAal statement$ havo been prepared ￿ a(xordan¢e tho pro￿810n8 applicable to c4Mnpanie$ subloci
to the small comp3n*s wkne.
C Btrti
Trustse
Company Rggtstratlon No. 08216279
10-

REES FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from 0￿ratIng acllvltt09
Cash g8nerated from op8rations
23
56,801
268.911
Tmvè$dng 8¢tlvllle$
Purchasts of tan9lNe ftied a88018
<3,684>
17.08n
Mgt ¢a¥h used In Inv•8llng 8¢tlvW
13.6841
(7,08n
Plot cash used In flnanclng actrttles
Not IncTe45• In ca$h and ¢aBh equlvalents
53.117
281.824
Cash and cash equlvabn16 al b¢gh)nkng of yggr
411.510
149.686
Co8h and cash ￿ul¥alents atand of yfrar
484.627
411.610
11

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounllng pollde8
Ch8rlty Infomjatlon
Rees Foundalk)n 1$ a prfvale ccqnpany Ilmtsd by guarattge in¢oTporated In England and Wales. The
regist8Trd office Is Craftsman Hwse, De Salls Drlvo, H3mpton Lovett Ind. Est., DroM¢h, Vworcestershlre.
WR9 OQE.
1.1 A¢¢ouhtlng eonventlon
The fin8nclal statements havo boen prepared in accordaw with Ihe tharitys Iwsl dè8d, th8 CornpanlesAG
2006 and "Accounbng and Reportlng by CharM8s'. Statement of Re¢x)mmended Practice appllc8ble lo
Charities praparing their accounts in accordance wlth the FMancial Reportlng Stsndard applKable in the UK
and Republlc of Iraland (FRS 1021 lefIec1￿2 1 January 2019)" The ¢harty Is a Public Benefit Entity 83
defined by FRS 102.
The ffnanclal statom8llls are prepared In stèrling. whlch Is the functlon81 cuwency of the charity. Monetary
amounts In these financial stslemgnts are rounded to Ihg nearest £.
1.2 Golng concem
At thè time of approvlng the )Inanclal slatemonl$, the trustee5 havg a reasonable exFeclation that charrty
has adequate rgsources to conllnue In ¢)p8rallonal exLstenc£ for the f¢Te6eeabla future and th8t thÈr8 a￿ no
materfal uncertalntles about the charrvs abllty to eontynue as a goSng concam nor any $5gnffl¢an( areas of
urThrtalnty that aff•¢t the carrytng vau6 Ola￿9￿ held by the charfty.
1.3 ChJrttabla fvnd8
Unfeslrictad fund5 are avallable for UG8 at the ¢J8crellon of lh& Intstses kn fvrthèTance of thdr thgrhalA8
oblecllvès.
Deslgnaled funds comprfse fund3 8el a8ide out of unresmcted incune by Ihe trusl88s for thè furtherance of
particular aspects of the charit￿6 objects. Tho trustees may. at Iheif disuellon. realloL3te these fijnds ba¢k lo
general fiAnd.
Restricted fund$ only be used for partigjlar restdctèd purposes wtthln the oblect8 of thg charity.
Rèstrictions anse whan sperAffed by the donor or when frjnds are ratsed for p8tliGular re81rlcted purpos&s.
IA Incon
Income is r•cognl$ed when the chaftty 1$ Ikgalty enthd to itafter 8ny perfomm conditions have b¢en rnet,
tho amount8 can be m&asured ￿lIab[Y, St18 probabla thBt Incorne wlll be r8CaiY￿.
Cash donatlons are rwni8ed on recdpt. 0th8r donations are r￿￿gnISed once thg rhafily has boon nolfled
of the dDnation, unless perfr$m1an￿ cond￿On6 reoulre def8rral of the amount. Income tsx Igcoverable In
rolatlon lo donations recefved under GiftAkl or deeds of covenanl is rocognlwd at Ihg lime of the donallon.
Legades are re¢opnlJed on T￿lpt or otheNlse If the charity has been n0fir￿d of an irnpendng dlslrfbutDn,
the amount is known. and tpcwpl Is expected. If th8 amount 55 nol known. th8 legacy Lg Ireal8d as
contingent asset.
1.6 Expendltsro
￿a￿lItIeS arg rewgnvaed as 8xpenditur8 as Boon as there Is è ￿81 or construclve obllgation commit￿ng lh8
charily lo that expendlluro. M Is probable that a transfgr of ecorKJmic baneffls wlll be requlred in settlement and
the amount of Ihe d￿lgatIOn can be measured reliably. Exp8llditure is accounted for on an accruals basls and
has been classllled under h8adings that aggrègata 81 cost related to th6 e8t8gory. Were COSts cannot bè
dlfeclty almbutod lo part¢e¢Aar hea(ling$ they have boon lo activities on a ba* conststsTht with the
use of Tesourc8s.
12-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 DECEMBER 2023
A¢countlng pollcles
Icontlnuedl
Grants offgrgd subl8d to condrfk)ns whlch ho￿ not been mel al y¢ar eThJ dat• ar¥ noted a$ a
commltmenl bul not acc•Jed a3 exp8rtllu￿.
1.6 Intsngiblg fixed a886ts other than goodwlll
Intangible assets acqulred separately from a bu51nes$ aTr recognlsed at o)sl and are BubBequenlty Tnea6wed
al cosl1o59 gwumulaled amorusdon and accumulalad Impaimi8nt los$gs.
Amortlgalim k8 rgcognl$od $0 a8towrlte off th& ￿91 or valualion of a58ets1888 Ih¥lr re8klu81 val￿8 ?￿rtheIr
U8efvl lives on the followlng bases:
&)ftware
25% 8lravJhl line
1.7 Tanglble flxed assets
Tanglble fixed assets are Intualty mea6ured al cost ar•J subsequenly measured al ￿$1 OT valuatloTr, net of
depreclatlon and 8ny knpamwnt Ioss6S.
Doprg¢lallon 1$ r9rA)gniséd so a510 off Ihg o)st orvaluatlon of a$8ets1gs$ thdr rgsldual vdu85 ov9rU￿Ir
useful lfve8 on the following bases..
Offi¢e •qulpmenl
2VA 8lrabJht Mne
The galn or loBs arising on the disposal of an as8et 18 delemined as the dfftren￿ btheen the 80le
proceeds and the C￿ry￿)g value of th& assè( and Is reD)gnlsed kn Ihe statement ol financial Bdvlues,
1.8 Impaimwnt offixed assets
Al eath T&po￿ng end dale, the charily revi8ws th8 carrylng amounts of ￿ tan￿ble and lntang1b￿ assets to
d6t&milna whether there is 8ny Indfc8tion IhAt Iho8è assats have 8ufferèd an Imp8lrment loss. If any s￿h
indicallon e￿816, the recoverable amount of the asset is estimated In order to determjne the exlenl of the
impBlmient loss IW any).
lj Flnanclal IngtruM8nts
The charttalA& company financlal 88set8 and fin8ndal li8￿1[tIeS of 8 klnd that qtMIIfy as Iiask
flnanclal Instruments. Basic fillancA￿ inBINments are Inilially TeccvJnised at transaction ￿u8 and
subsequenuy measured at Ihelr sattlemanl value.
1.10 Thxatton
Th8 charity is 8x8rnpt frcffi (￿Wa￿On tax on tts ohanlable acti￿tIes.
1.11 Retlrgmènt bonefFts
The ¢hwilatAa ¢ompany 0￿rateS a d8fined conlrTr)uUon penslon schornè. Conlrfbuknons pay8blg to the
c*artable eompanV$ pension stheme are charged to the Slatemenl of Flnancial Activtties in the period to
whlth they relate.
13-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Crftlcal 4¢¢ounthig *$tlmate6 and ludgenwnts
In the 2ppllcation.of thetharity.s aocounting'polides. the tr.uslee5 are required ID make judgements. estimates
d 85SUrnPtions about the cwrying amounl of as501s and ￿abIlIt&s5 1hat ale not ieadity apparent frotn other
BOUT¢88. The eslinates and 8&80claled 855umplions are bg8ed on hi3torical experience and other factors that
aro Gonsid8red lo be relgvanl.Aclual Tesulls may differ from Ihos6 8sllmato$.
The e911m8t&8 and underlylng a88umplion3 are reviewed Dn an ongolng ba¥l3. Revl3lon5 to accountln9
estlTHale8 are recognl8ed In the perlod In whlch tha estlmale k8 rev18¥d whwe the revlsk)n affeots only Ihat
period, or in the pwiod ot tho and fulure pgfiods where the revisloTr aff8cts both cwrenl and futur•
PO￿0￿8.
Incom8 from donaUon$ and1ogacl•s
Unrn$trlctod Ro8lrlelod
lunds
fund¥
2023
2023
Tofal UnM¥trTrt•d Re8trlcted
fund8
nd¥
2022
2Q22
Total
2023
2Q22
Donatlons and g
Grants r8eelvablo
36,461
648,123
3S,461
749,356
4,881
885,000
4.681
885,ODO
101,233
e84,584
101.233
785,817
889,681
889,881
Oonatlon$ and gl
Corporate donations
Indmdual donations
other
22,998
13,395
68
22,998
13,395
3235
3.235
38.461
38,481
4,eBI
4,881
Grnnts m￿fvabl¥ foi oore activitles
The We118nd Tw5t
630.000
Other
18,123
630.000
119,356
885,000
885,000
101,233
648,123
101.233
749,356
885.000
885,000
-14-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEPJiENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charftabl• aCtfvI￿•8
UnYgGtrktod Unr8strKled
fund•
funds
gonoral
g8n8ral
2023
2022
'Ask Jan, member8hlp Inco
otherinEorne
84,970
22,410
65.S71
97.127
B7,380
182,898
Expgndllure on charftablg athlll&8
2023
2022
Dtrect costs
Staff C￿15
Care oxperien¢ed ambas8adcrB
Pan81 work costs
Vc4unteer axp6ns89
Crowd lundlng paymants
Ftnandal svpport
Direct staff '. Travet & 8ubslst¢ncp
Atts Prolsct
W8llbalng se88￿￿ ￿St5
'Ask Jan, mambotship Costs
547,950
6,181
12.725
20D
27
35.889
14,281
86
11.107
11.677
431.273
12,552
31,723
97
19,895
10.954
35.111
10,148
640.103
551,819
Grant fundlng of ad¥lllos188è nola 8)
108,955
Sharo of8UPPOrt and govqmanco Costs Iseg nots 71
Support
Goveman
ICQ,704
3,875
156.332
651.637
780.143
Anatygb by fund
UnrestrLted funds
R85trlct&d ftjnds
B07,S03
44.134
780,143
851,637
780,143
15-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
pAy8bl•
2023
2022
Grants lo Indlvidua
106.955
66,542
Support Costs
..Suppgrt.Go¥•mance
osts
2023
2022 Ba8l8.ofallo￿tI0n
staff c08ts
Doprgdauon and amort188Ion
Ront, rales and utllthes
Indlrort 8laff:
Admln and 8undry expen898
Staff tralnlng and gvents
Advertislng and rn8rkellng
Book5 and pU￿1¢a￿On8
In$uTrnce
Bank L*arges
Managffi)enl r￿arge
Legal and profes81ona
Account¥n¢y thargos
Audllors, remuneralon
605
6,491
15.144
605
8.491
15.144
840 Allocated on ￿me
5.298 Use of assets
15.144 Us8 of prem18es
38,279
5,594
8,185
4,Cfj1
4.947
38.279
5.594
8,185
4.061
4.947
35.885 Esllmated USBge
12,770 Personnel roles
4.368 Nature ol cost
1,515 VsBge of material
4.026 Usage ofprernises
3.473 Pro-rala lo aclivity
51.000 Allocatsd on time
22,033 Governan¢e
Governanc&
5,450 Govemancè
15.393
16,393
3,875
3,B75
100,704
3,875
104.S79
161.782
Analysed b8twe8n
Charitabje ac11￿￿5
100,704
3.875
104.579
161,782
Th8 IndeFendenl.Examiners feelorthg"yeE4r.wa5.£3e75.12922.'£Nir).
TheAudrtcrf feè ￿the yearwds £Nil12022.. £5,450).
18-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Tru$tses
None of the INstee8 lor any per80ns wTrnec*ed with them) recewed any remunerAlion for the year (2022..
£N1￿.
3 trustees w8r8 relmbur8ed expenses durtsjg the yew totslling £752 {2022: £826) rgtalkng ta Iravgl (¥￿ts gnd
sundry other costs.
Rees FoLmdallon was r8lmbursed exFondlluTe Incurred durfng the year on t¢haN of tru8te68 of £NII (2022..
£1.7371- As at 31 Decernt￿r 2022, Ihgre ￿ a b￿ance of£Nil owed lo Ree& Foundatk)n12022'. £341}.
There werè no othartransadons wllh trustass (bjrfng the currant Dr prfor ytar.
Employees
Numb9r of employee
The overage monthly numbèr ofempbyees durfng Ihe y¢arwas.'
2023
Numbèr
2022
Numbor
15
12
Employm8nt costs
2023
2022
Wagg$ and $8laries
Soclal securtty costs
POns￿n r¥)sts
Other stafl costs Inon-payrou)
477,269
49,934
20,747
605
387,546
42,111
21,618
S48.555
432,113
Thg tharitable c￿￿P8￿Y operates a deffined ¢tsntritsuUon pen￿0￿ stheme for all quallfyirvJ employees. The
a$8ets ofthe scheme are hgld separately from those otthe charlty In an Indgpgndontty 8(knlnl81gr8d fi)nd.
Th8 charge to profft or k)s8 in respect of the defingd ￿nIribution xheme was £20.747 (2022.. 21,6181.
Thè number of emF4oye&8 whose annual tsmun8ration {8xdudlng emF4oyer pen8ion costs and 8mployets
nattonal Insurance costsl was £60,000 or rnOTewere.'
2023
Number
Z022
NumbBr
£60,00110 £70,000
£70,Th)1 to £80,000
10 T8xatlon
The Is exempt from laxallon on its aclivitie3 becau88 al Is income i8 applied for charitabl8 pwpDs8s.
17-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONllNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Intanglble flxod a88•t8
Softwa
At 1 January 2023 and 31 Docembar 2023
s.￿5
Amortl$atlon and ImpaSrniont
Ai 1 January 2023
Amortisalion th8rged for lh8 ye*
At 31 Dec4mber2023
5,084
Carryinu anTount
At 31 December2023
881
Al 31 Oecember 2022
2,389
12 Tanglble fixed ￿$91$
Offic•
Al 1 January 2023
Additions
Dispo8alB
19,1B4
3,084
(2,9081
At 31 December 2023
19,960
Doprectsllon and Impalmiont
Al 1 January 2023
Depreclalion ¢harg&d h the year
Eliminated In ￿spect of dJ3posal8
7,148
5,1)03
12,9081
At 31 Docambw2023
9,243
Corrylng amount
Al 31 Decèmber 2023
10.717
At 31 December2022
12,037
13 D•bt0rs
2023
2022
Amounts falllng du8 wlthln on• year:
Trade d#btors
Other debtors
Pr￿aYMentS and aGcrued in¢om&
7.413
1200
7,39B
598
1.610
10,646
16,011
12,854
18-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED>
FOR THE YEAR ENDED 31 DECEhlBER 2023
14 Crnditor8.' amounts falling du•withln ygar
2023
2022
Olhertaxafjon and sodal ¥e¢urlty
Trade creditor8
other credito
Acivuals and deferred income
14,013
12,585
23,187
4.910
27.619
4.724
34.566
100,207
6B.301
Indu¢Jed ￿t￿n ￿r￿OIS gnd defaThad kncome 1$ doferred Incomg of £30,697 (2022.. £21,294). Th16 (x)mprt8e¥
Income recefved in Felalion lo firture year5 frorn members whts have subs￿bed to 'Ask Jan, memberships.
The80 are varfable In length from 175 days to 12 rnonths.
BaJa￿th as at l January 2022
Arnounl releas&d to Income (Ask Jan membershlp6)
Amount released to income (Trainlng and olh8r Income)
Arno￿1 deferred in year
21,294
164,970)
(22,410)
96,783
BaLqnc• as at 31 Dgcpmber 2022
30.897
16 ReBtrlcted funds
The restrict8d funds of the compri58 tho ￿0￿pended b*nce$ of donation5 and grants hehj on trust
8ubJ8ctlo sp8cThlG conditions by donoTS as lo how they may be used.
At 1 January
2023
Incomlng Resources
resourc
oxpènded
At31
D¢¢ember
2023
National Lottery Gommunty Org
John Lewis FoundaUon- Fulura Me
Eve50n Trust
41,543
39,690
20,000
(40,867)
11,r221
11.5451
37,968
18,455
101,233
144,1341
57.099
19-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Rostrktsd funds
{Contlnuedl
Natlonal Lottery Communlty Org Co8t of LlvlDg Fund- LgV8 cOnn￿t
Funds to prowd8 SUPPOrt to eommunty organ1sattons with tackling the dernands of the lTh¢roasè In th¢ ¢o$l of
lI￿n9.
John Lowl8 FO￿datIOn IJLFI- Futur8 ffia
Restrlcted grant wi that an impact evaluation report é8 requlred vAlh dear monftorfng of &xp8ndlture. To
undertako a¢lfvttles thal 8ncourag& and support youths lThlo employmenl.
Eveson Trust. Lotg Conn&ct Youth Pmlect
Fundlng for proleots & actlvitbs d08Ignod lo allèvlate Inctd8nca$ of lotwllness. Isc4allon and mental heath
issues, by lacllllaling events and confacl nelworks that a150 nurture friendsh￿) group$.
17 D•slgn4ted fitnds
The income funds of the charity ir¢dud6 the folk)wlng designated fvnds whkh h8¥e been s818gklè out of
unrègtrlcled f￿d5 by th& trust8&s for spadfK purposes..
Movomgnt
In thnd•
Intomlng
rn8ourc•81 January 2Q2J
Bal&n¢o at
PXomb•r
2023
q JAnu8ry 2022
Mr R C BertKe fund
5,000
15,000)
6.000
IS,OOD)

REES FOUNDATION
NOTES TO THE FINANCIALSTATEIIEMtS ICONTINUEOI
FOR THE YEAREIIDED 31 DECEMBER2023
fund•
d¢
Fund
10,71T
323.332
I2.￿7
12K07
AU•W(I*IIkn)
51.05
280.431
5T.
?92.02P
87QA
-21-

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEAIBER 2023
19 Relatert party transactlons
Rfjmuneratlon of key managgmant p•rsonno1
Th¢ kgy manag8menl personnel aro represgnled by the roles wlthln managemènt and ftnanc8. The total
employee benefits Uncludlnu $mployer pen8lon o)nlrfbution81 recefved by key managamenl personnel was
as follow8:
2023
2022
Aggregat8 0)mpensalon
231,372
134.938
Tran&a¢llons wlth related partlos
Durlng the year, the charftabla company had Ihe lollowlng Iran5actlon8 ￿th related partte8 through Ms J
ReeB, a truslee ol the tharity, al￿ belng a dlre¢f¢r of these companies...
Thp Wolland TN8t
Donalkm8 g￿n to the tha￿ty by Th8 Welland Tr(￿ amountad lo £630,00012022'. £885,000).
Costs tsch8rged by The Welland TNSI amounted to £12,00012022'. £63276).
As al 31 December2023, th9re arg no balancp8 owad ty or lo The Weltand Trust (2022: £NIII.
W•lland Rosldentlal Holdlngs Llmlt•d
Expendlture incuryad on behaifof wel￿nd Residenual Holdlngs Umll8d amountadto £NH (2022.. £tfj41.
As al 31 Dècamber 2023, Ihwe is a balanrA of £Nil owed by Welland Resldthkl Holdings Umllod {21)22'.
£79).
Rolug•o Host Support Llrnltsd
C0516 r8tharged to R&fugoe Host Support Llmlted amounted to E17,85812022'. £24,634),
As al 31 D8camb8r2023, Ihar8 gr8 no bal3￿8$ owed by or to Refjjgee Host Support Lknited12022.' £Nif).
20 Umltod company
Thè thanly is a Ilmited cr>mpany bjt has lak•n adv8ntagg of Iho exemption availabb to dlspen8e wrlh th8
word limlled, aftar Ils nama.
21 hlombors. Ilablllty
The liabilrty of each memb8p Is nmitètt to 8 sum not &x¢xeding £10, belnu tha amount that aach rnember
undertakes lo Ixinlribute lo the assets of the charity in the event of it being bvound up while hè. or il is
rn•mber, or ￿thin one yearaft*r hg. she or il c9859s lo b8 a member, foi..
P8yThentof the charitys debts and liabilities incuThed before he, she or ft ¢ea$es to bg a mèmber.,
payrn8ntof Ihe oo$ls. charges and expenses on wlndlng up; aTra
adjust Iho rlghts of the contiibulories amongst Ihemselvas.

REES FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22 Sharo Mpltal
Th8 ch8rily1s a charltable ccfflpany lknlied by guarantee, and as suoh does not havo Share capkal.
23 Cash gen8rat•d from pperallons
2023
2022
Surplus for th& y8ar
21.560
272236
Adjustments lor.
Amorusatlon anEI iThpaiThnent of intangible assets
DeprecAafjon and Impglm9nt of*a￿1b￿ f￿ed assets
1.488
S.003
1,488
3,810
Movements In worf(Ing capltal:
{Increaseyd8crease in debtors
Increasel(de(xease} in creditors
In¢reasel(dettea8e} In deferred uicome
13.1561
22,503
9.403
40￿46
133.0461
116,1231
Cash gen•ratèd from operailon
56,BOI
268,911
24 Analygts of ¢hBnge¥ In netfvnds
The tharlty had no material debt during theyear.