Company regisifailon number.. 08216279 Charlly regislralion number.. 11 Jf4019 Rees Foundallon IA Company limited by guarantee) Annual Report and Financlal Slalemenls for the Year Ended 31 December 2024
Rg6s Foundatlon Contents Relerence and Adminlslrallve Delails Trusleey. Reporl 2to12 Independent Examlner'8 Repoil 13 statement ol Financlal Aclivilles 14 Balance Sheet 15 Slalemenl of Cash Flows 16 Notes lo the Financial Slalemenls 171029
Reas Fouiidatlon Reference and Admli)Islratlve Detalls Trustee8 Mr P J Robinson Mr R C Bertie Mrs C Rock {resigngd 17 Oclobei 20241 Mr M O'Hara (appointed 10 July 20241 Mrs Z Rlchardson {appoinled 10 July 2024) Miss K J Walson lappoinled 10 July 20241 Mr N J Cook {appolnled 10 July 20241 Mr M Mlkely Ifesigned 29 February 20241 Principal Offl¢è Crallsman House De Salls Drive Hampton Lovell Droilwich WR9 OQE Compai)y R&glstratlon NLimber 08216279 Charlty Reglstratlon Number 1154019 Independent Examlner Ballards LLP Oakmoore Courl 11c Kingswood Road Hamplon Lovell D¥oilwich Worceslershlre WR9 OQH Page 1
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual report and Ilnancial stalemenls for the year erbded 31 December 2024. The aims and obJe¢tlves of the Rees Fouiidation Charltable objects: The charity's objectives are for the publiG benefit, lo I'elieve by such means as are charitable, children and adults who have had foster care or residential car8 experience by the provision of support, advice, resources, assistance Ilinancial or otherwise), giants, programmes and other activities lo.. advance education., relieve unemployment., proinole the social inclusion among Ihese beneficiaries who are excluded from sooiely, or parts of society, due lo Iheir social or economic position., develop their Gapacily and skills in such a way that they al'e beller able lo identify, and help meet. their needs lo participate more fully in society. Oiir vision is lo ensLire that care leavers are nol18fl to face life's challenges alone. Our mission is lo help care leavers thrive. Our strategic alms are to: Su ort Safer Hoines- We offer advice, guidanGe, and practical support lo help Gare-experienced individuals secure and maintain a safe, stable home. Build Communil We create opportunities for caie-experienced individuals lo ¢onneGI with one another and with the wider communily, fostering a sense of belonging arid coinballing isolation. Reach Potential We empower ¢are-experienced individLials lo unlock their full potential, supporting them in aGcessing opportunities for personal growlh, improved wellbeing. access lo education. and career development ort Practice Im rovement - We wolk lo enhance the knowledge and Skills of those who siipport care leavers, enabling them lo provide the be81 p08sible care and support to care- experienced individuals. Ensurlng the work we iindertake achieves our alms.. The wide~rangiiig proje¢ls and activities we deliver often support and achleve multiple oblectives al once. Our iiiitialives help care-experienced individuals secure safer and more stable homes, build meaningful conneclions within their Gommunilies, and access opportunilies for personal growlh, education, and career development. Al the same lime, we work lo enhance the knowledge and skills of those who support care leaver8, ensuring Ihal care leavers receive the best possible guidance and assi8lan¢e. This holisliG approach allows us lo re8pond lo Ihe varied and evolving needs of care-experienced individuals. making a meanlngful and lasting iinpact on their Iiv8S. We have seen an increase in the Charity'8 activities that serve lo provide opportunities for all care eXperIend people including yOLilh projects including the newly launched Future Me projecl, and Cosl of Living programines as well as projects designed to enhance the lives ol those over the ag8 of 25 through oli¥ Lels Connect, Parenting Support asslslanGe through Start 4 Life project, nolwilhstanding our supported housing projects. Public benefit The Trustees have complied with their duly lo have due regard lo the guldance on public benefit as published by the Charily Commission and consider all the aclivilies undertaken lo further the charity's PLifp08es lo be of publlc benefit. Wè are delighted to provide a range ol details acro88 the report lo
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 illustrate this commilmenl. Our Thanks We extend our heartfelt gratitude lo the dedicated staff, supporter8, volunteers, associates, and ambassadors of Rees Foundation. Theii. hard work and steadlast commitment have been invaluable in drivin9 the Charily's success. The unwaverin9 dedication and positive spirit of our communily and nelworks continue to play a crucial role in helping us achieve our mission lo help care experienced people Ihiive. Achlevements and Performance This year has been a remarkable one for the CharSly. with signilicant growth in beneficiary engagement. Despite a challenging economy and a highly competitive funding landscape, Rees Foundation has achieved an increase in financial income, driven by successful fundraising efforts. We lake great prlde in tho slrldes we have made in increasing the Charity'8 visibilily through meanlngful engagement with care leavers, care-experienced individuals, praclitioneis, and both public and private sector organisalions at a national level. Our efforts have focused heavily on increasing care leaver engagement, and we have developed and implemented improved techniques lo monitor the impact of OLir projects and services so Ihat we can continuously develop the mosl meaningful opportunities for the Charily beneficiaries. This year has seen significant growth in the Charity's commissionable services, driven by increased awareness among commissioners and a growing reputation for delivering high quality support. This reflects slrenglhened confidence from stakeholders. Charity structuro We realigned Charity resoLtrces with the varying demands of the organi8alion. We continued to improve the operating processes lo improve efficiency and accommodate a growing number of enquiries, engagements and aclivilies along with several newly launched inilialives that gained momentum and Grealed an increase in engagemenl and involvement in the wider projects within the Charily. Al year end, we employed 16 people compared lo Ihe previous year end when we employed 15 people on our 8lafl team. We Gontinue to honour our commitment lo Ihe Armed Forces Covenant and have maintained close ties with the Minislry of Defence (MODI Care Leaver Working Group. Looking ahead to 2025, we are actively exploring way8 lo develop meaningful and sustainable support for care.experienced individuals who are serving or have previously seived in the Armed Forces. Board Restructure As part of our ongoing commitment lo slrenglhening governance and ensuring the Charity remains truly repre8enlalive of the communily we support, we have reslruclured the Board to include additional Iruslees with a diverse range of expertise and lived experience. This important developmenl has helped shape a more care leaver-led organisation, ensuring that those with first-hand experience play a central iole in guiding our mission and impact. Trainers and Fa¢llltators We maintained our pool of self-employed trainers and facililalors lo include a diverse group of care- experienced independent consullanls who brlng a wealth of ski118 and expertise lo the Rees Foundation. Their conlribulions remain essential lo the developmenl and delivery of our
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Gommissionable training courses and workshop. This ongoing approach supporis our commilmenl lo enhancing the eGonoinic status and career opporlunilles of care-experienced individuals and equips praclilioners with lived-experience-led insights and practical slralegies, our training directly conlribules lo beller outcomes for care leavers and a more inclusive, informed sociely. staff Development Rees Foundation remains dedicated to upskilling ils staff and, this year. our team received Iraining on updated Harassment laws that came into effect in October 2024, reinforcing best practices within the Charity. Safeguarding Adults and Children & Young People training was delivered across the organisalion, ensuring staff remain up to dale and conlident in safegiiarding beneliciaiies. Our commllment to staff, associates, and slakeholder wellbeing remalns strong, Rees has upheld ils pledge to the Mindful Employer charter, an NHS inilialive supporting employers in fostering a posilive approach lo mental health in the workplace. Our staff team have renewed their Menlal Health First Aid qualilicalions which promotes skills in self-care as well as the mental heallh care of others. Additionally, several leain members achieved a Level 4 qiialificalion in Trauma-lnformed Care, supporting our goal of becoming a trauma-informed organisalion. IT & Infrastructiire We were pleased lo renew our Cyber Essentials SeGurily Certification following some minor updales to our systems, ensuring that our IT systems are secure against cyber-allacks. This Gertilicalion offers reassurance lo our beneficiaries. cuslomefs. and stakeholders that we are cominitled to maintaining 8 safe and secure environment for all Fundraising and Flnancial Sustalnability 8uilding on our registration with the Fundraising Regulator last year, our in-house Fundraising Manager has achieved significant Sliccess in expanding and diversifying fundraising efforts. Notably. there has been strong growlh in trust and foundation applications, ag well as crowdfunding inilialives, conlribuling to the Charity's ongoing financial sustainability. Similarly lo last year, the Charity did not engage Ihird-party professional fundraising agencies for direct re8ponse fundraislng. sollcilation, or cullivalion via phone, online, or face-to-face methods. We are pleased to report that no complaints have been received regarding our fundraising aclivilies. The Charity remains commilled to ensuring Ihal all fundraising efforts are carefully managed and largeled lo safeguard vulnerable individuals. Donor details and preferences are securely recorded in compllanGe with GDPR standards, and we only Gonlacl supporters who have opted in. Additionally, all suppoilers have Ihe flexibility to Lipdale their contact preferences al any lime strategic Developinent and Impact To further the Charity's strategic aims lo support pracllce Improvement. help Slipporl safer homes for are leavers, bLiild community. and reach polenlial, this year saw a nolable increase in consullalive engagement with 81akeholders, particularly those with lived experience of being in care. These efforts have been insl¥umenlal in developing new inilialives and slrenglhening existing projects, reinforcing ou commilmeiil to being a care leaver-led organisalion and helping us lo grow as ali effeclive and suslainable organisalion that offers tangible benelils and opportunities lo help care experienced people thrive. We are committed lo maklng a meaningfiil impacl on the lives of Ih05e with care experience and have revised our approach for measuring and reporting on the impacl of the Charity's operations. The achievements and performance set out below by the Charity Chlef Executive complement this strategic vision and help sel il up for future success.
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Revlew of Charltable Actlvltles by Melody Douglas, Chlef Executlve Officer Our Success In 2024: The demand for our charitable activities increased in 2024, highlighting the need for continued support. We received 2600 direct enquiries from 1542 ¢are experienced individuals, compared lo 1655 enquiries across 922 individuals during Ihe previous year to our support services. As well as oiir engagements and activities providing direct support, advice and guidance lo individual care leavers, we further developed our partnerships wilh the John Lewls Foundation in their Building Happier Futures programme which aims lo improve live8 and harness Ihe talents of Indivlduals who have grown up in care. Rees Foundation celebrated our 1 Olh Anniversary hosting an event Ihal successfully brought together around 80 individuals lo help celebrate, collaborate and enjoy connecting. As parl ol our Everyday People Projecl, w8 look the opportunity to undertake consullalion exercises engaging attendees in 'Minds Hearls, and 'Heads' break out groups. We documenled a detailed programme ol consullalion oulpuls along with prospective solutions to serve as an invaluable sour¢e in helping to influence our strategic aims We were proud to partner Birmingham City Council lo develop and deliver a comprehensive programme of easily accessible support and activities specifically focused on care experienced parents across Birmingham with the alm of helping them to achieve improved heallh, mental health, social networks, parenling capacily and overall well-being We saw a 70 % increase in followers across our social media channels. This significant growth in our online community reflecls our growing recognition and has enabled us to reach more care-experlend individuals and strengthen engagement wilh key stakeholders across Ihe care 8XP8rienced community. Collaboration We maintained close links wilh the Information Commissioners Office (ICO), SLlPPOrting their work to improve the area of Subject Access Requests (SARI by Gare experienced people We were pleased lo participate in the Children's Commissioner for England's Caie Experienced Advisory Board lo support the development of a handbook for professionals woiking in higher education that was launched in October 2024. We malnlained strong relations with Ihe Nallonal Leaving Care Benchmarking Fortim representing al their Leaving Care Managers events and Children Looked After Young Peoples events throughoul the year allowing Rees to share valuable information about the Charity's work and opportunities for care leavers along with a chance lo learn and connect with stakeholders looking lo Improve services for young people. During National Care Leavers Week, a recognised nationwide annual event during October each year., the Rees Foundation collaborated with other organisalions to promote the 'AII of Us, We Are One. We are always honored to be invited lo presenl awards and lo speak at Local Aulhorily care leaver events and this year we also combined the launch of a new Rees 'Cafe Coiiiieclions in partnership with a popular café in Ihe Midlands. Overview of charltable activlties and im act
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal Asslstance throLigh grant-maklng Rees Foundation was pleased to offer financial assislance through an EduCalionlEmploymentrainIng Grant making proje¢l. Care experieiiced adults who are not ellgible for financial assistance elsewhere can apply lor support willi luilion fees and other associated costs lo support Ih8ir further educalion and training. Iii this period, we were pleased lo support 23 care leavers with financial assistance to pursue their desired training or education including luilion fees for univer8ily. This meant that these care leavers were able to pursue Ihe necessary qualifi¢alions towards their chogen career goals ranging from Social Work, Aeslhelics, Ele¢lrician, Nursing, Global Health, Pharinaceulical, Computer Systems Engineering, Music and Sound. Real Estate, PhD in Arts & Humanities, PhD in Culture, Media and Creative industries, Art & Design, Heallh Psychology, Neurosclence, HGC Driving, Yoga Inslruclion. The Charity was able to conllnue to offer financial assistance lo care leavers who were in a financial crisis. We offered small ciisis payments lo help out in an emergen¢y for things like gas, ele¢lri¢ or essential travel cosls and, if Short of food, we provided grocery gift vouchers. We saw an increased number of crisis fund appliGalions, reaching 1066 applications this year, and whilst all were supported with emotional Slipporl, those who may not have been eligible for linanGial support were signposted to food banks, provided advocaGy with PA'S, and introduced lo local welfare schemes where appropriate. We were able lo offer 370 individuals some financial help in a crisis to fund essential groceries or gas or eleclricily. This compares lo 354 people being provided with financial assistance in the previous year. Employablllty, Wellbelng and Careers Coaching Including the Future Me and Uplift projects: 115 care leavers were supported either by an Employment Coa¢h or by allending the "Future Me, or 'Uplift' programmes. As a result, 150/0 of care leaveis moved into paid employment, 130 into training, and 100A went on lo volunteer, become self-employed, commence an apprenticeship or a civil setwice inlernship. Many others continue their jOLirney with continued support from Ihe projects. The popular'Fulure Me, youlh-focused services with grants from Eveson Trust and John Lewis Foundalion saw 157 enquiries and engagements in aclivilies focused on connecling and engaging in employability sessions. Our Uplift project was extended from 2023 grant funding and belween March and September 2024, employabilily focused support programme Supported by Geoff Herrington Foundation. Across the project a total of 48 young people engaged and 62Q/o of allendees staled that the project had Improved their confidence and 59 % of allendees slated Ihat il had Improved their molivalion. Our cosl-ol-living events ran IhroughoLII the year. and we hosted an energy saving evenl al Ihe Guildhall in Worceslershlre wSlh energy-related stalls and workshops allracling around 100 people. Panel Training.. we were pleased lo train and help equip 19 care experienced people for Ihe paid role of fo8lering or adoption panel member. Rees Foundation were proud lo laiinch the Slart for Life projeGI in Seplember 2024. The programme runs until 31, March 2025 and aims lo provide comprehensive support for ¢aie xperienced parenls residing in Birmingham lo achieve improved health, mental health, social nelworks, parenling capacily and overall well-being. Rees Foundalion Sessions were designed lo empower care leavers wilh the information, advice, and training needed lo support personal and parental success. By the end of the year around 15 care experienced parents had benelilled from the project and engagen)ent slralegies updated and increased lo generale further care leaver involvement into 2025.
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Projects that also helped the communlty grow, Improve wellbelngj keep a safe home and InGrease motivatlon.. Rees hosted 81 Let's Connect segsions compared lo 74 last year. We were pleased lo welcome 299 allendances by care experienced people who were supported in a range of ways including health, well-being, learning new skills and peer support. Generous funding from Charles Hayward Trust and The Welland Trusl enabled the Rees Foundation lo host workshops and breakfast clubs within a range of prisons across the UK. A total of 192 care leavers were SUPPOTled in the custodial selling compared to 143 last year. Care leavers in custody were pleased lo engage in meaningful sessions and learn about Iheir rights and enlillemenls, discuss the benefits of forging positive conneclions, hear from experts In slrenglhening mental heallh and discuss future aspirations around their future employability. The Charity's guided A2R (Access to Records) support service for care experienced people accessing their files was commissioned by 4 Local Aulhorilies meaning that 4 care leavers had access lo an experienced 'guide' lo support them through a process that can present a rang8 of emotional and practical challenges. Popularity oflhe Charily's Ask Jan membership support package for care leavers has illGr8ased by 890/0. thanks to the crucial care leaver membership that facilitates a wide range of heallh and wellbeing benefits. By year end, 2029 care leavers benefilled from the memberships Compared lo 1072 care leavers the previous year. This year our Café project was re-branded "Café Conneclions" and by year end we were proud lo partner 10 community Gafes spread across the UK. By year end 308 care18avers benefilled from Café Guest Cards compared lo 242 last year, Café Guest Cards entitled care leavers to free drinks at the warm and welcoming Café Connections venues. This year, the Charity ran 9 crealive arls projects welcoming 134 engagements compar8d to 7 activities and 113 engagements in a range of face-to-face and online a¢livilies and competitions last year. Rees Foundation sponsored 'lmaginalion Library, subscriptions for the chlldren of care experienced parents and grandparents lo receive a free children's book every month in the posl. By year end 124 children were receiving compared lo 63 al the end of the previous year and having some children 'age' out of the projecl upon reaching age 5. Hoiislng wlth Support: Seven care experienced individuals continued lo b8nelil from supported, affordable holising. Diiring the year, 1 lenanl reached their 41h year milestone in tenancy, whilst 4 lenanls including a young child reached the 3 year in their homes. One individual celebrated their first full year of tenancy and another an amazing 2 years. The success of this project Is nol only a lestamenl lo the Rees support model, but also the oommilmenl and tenacity of Ihe caie leavers. With the high level of stability wilhin the project and the tenants achieving a higher level of interdependence, the demand for the oulreaGh support provided by the charity gradually reduced. leading lo the tenants being able lo adapt lo a 'Rea¢h Oul, rather than having 'Oulrea¢h' as a model of ongoing support. A formal study was undertaken 'Way beyond the care cliff, exploring the Rees Foundations housing and support service for care experienced people over 25" by an independent researcher. The study delves into the experiences of several care experienced people culrenlly living in supported housing provided by the Charily. The research was published in the Journal of Children's Servi¢e8 highlighting a range of complex challenges faced by care leavers and concluding that Rees Foundations service has been pivotal in providing slabilily, improving living conditions and fostering a sense of community and securlly. Supportlng Practlce Improvement: Rees Foundalion has seen 850h growth in Ihe allendanoe of our learning opporlunilles for
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 praGlilioners, having delivered 46 Irainiiig courses and workshops allracling 425 allendances compared lo 29 courses with 230 allendanceg the previous year. A range of organisalions including prisons, universities, fostering agencies and Local Aulliority Leaving Care Teams have partlGipated in these opporlunilies. The Rees Foundation proudSy launched our Personal Advlsor Skills Support (PASS) training programme aiid welcomed 78 Personal Advisors from 15 Local Aulhorilies. An opportunily for PAS lo come logelher and share the joys and challenges of the role and lo expand or refresh Iheir knowledge in areas including the health inequalities for care leavers, understanding the legal context, accessing ol records, improving outcomes for care leaveis in custody and in higher education. 980/0 of allendees reporled that they would recommend the course lo a colleague. Rlsk Management Rees Foundation upholds a strict commilmenl lo safeguarding and the welfare of ils beneficiaries. Thls risk is managed through regular policy reviews and updates, robusl recruilmenl and velling procedures, and comprehensive staff training, conducted anntially and bi-annually. Safeguarding remains a standing agenda item in staff supervision, ensuring conlinuoLFS awareness and accountabilily. The Charity also maintains Glear reporting procediires and conducts thorough risk assessments across Ils operalions to uphol(I the highest standards of safely and protection. The slewardshlp of the Charity's financial and staff resourGes is reviewed quarterly, with any areas of concern reported lo the TrLislees within 14 days. A previously identified financial vulnefabilily provided key learning opporlunilies. leading to the implementation of enhanced risk prevention strategies across our granl-givlng meGhanisms. Rees is commitled lo addressing and learning from the oxperiences of our beneficiaiies and aclively invites feedback and represenlalion. Financlal Review Rees FoLindalion income for 2024 was £878,034, an increase of £4,837{0.550/0) from 2023. The C hari ly, s continued eflorls lo diversify the Cliarily's iiicome resulted in 76 /• being gratefully received Irom Trusts and Foundations. 22Q/o from Gommissioned services and the remainder th¥ough events, crowdfunders and Individual and corporale donatlons. Funding sources included.. The Welland Trvsl, Garfield Weston Foundalion, John Lewis Foundation, National Lollery, Charles Haywaid Foundation, Eve80n Trust, National Grid, Aviva Community, Geoff Herrington, Birmingham Cily Council and Ihe Alberl Hunt Tiusl. With efforts ¢on¢enlraled on Tiust and Foundation fundraising, Corporate and individual donations reached £15,702 coiMpaTed lo £36,394 in 2023. Total income relating to commissioned services increased by 127°h lo £198,036 from the previous year of £87,347.
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Rees Foundation income 2024 coinm15sloliied setvlce5 22% Cori)oratÈ (lonatlons Trusts & Foui)datlon Incoi)ie Inidivldual glvlng Corporate donatlons Conimlsslolned seivlces Trusis & Fouiidalloo Incoine 76% Charitable giving in the form of grants and crisis decreased slightly this year. with generous funding from the Welland Trust we awarded £95,466 to care leavers compared lo £144,094 in the prior year. Of this figure, £60,056 was awarded across 23 individuals in pursuit of Iheir higher education or training goals. With the ongoing cosl-of-living pressures, the Charity provided £35,409 in finanGial assistance for crisis payments for groceries and domestic energy costs which was fairly ¢onsi8lenl with the previous year al £35.889, with a lolal number of individuals supported in crisis being 370 compared lo the previous year of 354. Total charitable expendlture increased from £851,637 in 2023 10 £855,938, wlth staff costs increasing from £547,95010 £616.2511o accommodate the increase in project delivery and training and Commissioned seiCe facilllalion. There was a nel surplus for the year of £22,096 compared lo the previous year, which was £21,560, an overall resull this year that was 2% greater than budget. Reserves pollcy The Trustees consider that general unreslricled flinds should be targeted at a level equal lo six months, essential expenditure lo ensure that the charity has sufficienl reserves lo meet costs as they fall due, whilst conlinulng to deliver on the charitable objectives. Such reserves as 0131 December 2024 exceeded this level, the Trustees are confident Ihal sufficient cash resources are available lo continue lo sustain the Chaiitable activities and wilhsland unexpected events. The Trustees will continue lo monitor the level of reserves. The charity reserves stood al £414,125 al the end 012024 as at the slarl of Ihe year they were at £392,029. Cash al bank has increased from £464,62710 £553,474.
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 What wlll we do in 20257 Our commilmeiit is lo creale lasting, positive Ghanges for those Iransilioning out of Ihe care system as well and Ihose who have alieady aged out of care. We aim lo ensure Ihal our charilable aGlivilies are always care leavei. led, and that the volces of caie leavers are strongly reflected in the work Ihal we carry out. Thls year's heavy focus on ¢onsullalion and collaboration with care leavers to identify priorily areas where SLIPPOtt is needed has slrenglhened oiir position lo develop more impaclful projects lo ensure they have Ihe resources, connections, and opportunities needed to navigate the challenges of adulthood with confidence and stability. This year was the first year of the Rees Foundallon'5 new five-year strategy. We remaln dedicated lo slrenglhening and sustaining our lifelong network of support, we undertook a range of cosl, benefit analysis and re-aligned our resources to fil wilh the changing and growing needs of Ihe care leaver community. In 2025, we will Scale up our ¢haiilable aclivi118s lo reach a wider audience. We will build strong organisalional networks and ¢ommiinily partnerships, collaborate with more employers, healthcare providers, edu¢alional inslilulions, housing and slalulory providers lo help extend our reach and build pathways lo success. We will Gonlinue to diversify our income slreams lo ensure financial guslainabilily and sGalabilily by expanding our fundraislng activity to a broader range of trusts and foundations. government programs and work to grow OLir individual givlng and fiindraising events and campalgns. Wllh Improved n)oiiiloring and reporting systems we will use strong data and success stories lo underpin our fundraising efforts. By leveraging digital tools, partnerships, advocaoy, and inclusive oulrea¢h, Rees Foundalion Can extend ils reach, ensuiSng more young people ac¢e88 Ihe resources, connections, and opportunilies they need for a Gonlidenl and stable fulure Mo6ody DokoOas- Chief Executive Officer 10
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Striicture, governance and management. Governlng docuinent The charity is governed by ils Memorandum and AiliGles of Association dated 17th September 2012, as amended by special resolution registered al Companies House on 17th Seplember 2013. Trustees The triislees. who are also the directors for the purpose of company law. and who setved during the year were.. Mr R C Bertie Mr P Robinson Mrs C Rock Mr Mike O'Hara Ms Zoe Richardson Ms Kirsly Walson Mr Nicholas Cook (resigned October 2024) (appoinled July 2024) (appointed July 2024) {appoinled Jiily 2024) (appoinled July 2024) Recriiltment, appolntment, and resignation of Trustees The Trustees, who also serve as directors under company law, are appointed either by ordinary resolulion or by the existing Tiuslees of the Charity. All Trustees generously volunteer their Ilme. wllh none claiming remuneration duying the year. We are deeply grateful for their dedication, expertise, and commitment to advancing the Charity's mission The new Chair IR Bertie) and Vice-chair {P Robinson) were appoinled in post in March 2024 for an inilial term of 1 year. Wilh one Trustee resigning in October and four new Trustees joining the Board in July, Ihe Charity has slrenglhened ils leadership by welcoiniiig individLials with a diverse range of expertise and lived expBrience. This important developmenl has fuilhgr shaped a more care leaver-led organisalion, ensuring that those with first-hand expelienoe play a central role In guiding our mission and impact. Organisatlonal Striicture The Trustees are responsible for leading the Charity and ensuring that all decisions are made in ils best interests. While certain responsibililieg are delegaled to Indivlduals as appropriate. the Trustees provide slralegic direction and oversight. They also support and guide Ihe Chief Executive, who is responsible for the Charity's day-lo-day operations. Indiiction and tralnlng of new trustees New Trustees receive a comprehensive Truslee Handbook, which includes guidance from the Charity Commission on their duties and responsibilities, the lerms of their engagement, and an overview of the Charity's key principles and aims. Each Trustee is also provided with the Charily's Memorandum and Artlcles of Association. along with a recommended reading lisl to support Iheir role and ongoing developm8nl. These resources remain readily available for reference. Stateinent of trii8tees' responsibilitles The Iruslees, who are also the directors of Rees Foundalion for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applioable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. 11
REES FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Company Law requlres the llustees lo prepare financial slalemenl8 for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including Ihe income and expendilure, of Ihe charitable Coinpany for that year. In preparing Iliese financial slalemenls. Ihe Iruslees are requii'ed lo.. sele¢l 8uilable accounting policies and then apply Ihein consislenlly. observe the methods and principles in the Charilies SORP. make judgements and eslimales that are reasonable and prudent. stale whether applicable UK Accounting Standards have been followed, subject to any material deparlure8 disclosed and explained in the financial slalemenls- and prepare the financial statements on the going concern ba8is unless 11 Is Inappropriate to presume thal the charity will continue in operation. The trustees are re8pon8ible for keeping adequate accounling records that disclose with reasonable aG¢ura¢y al any time the financial position ol the charity and enable them lo ensure that the linaiicial statements comply with the Companies Acl 2006. They are also responsible for safegiiarding the assels of Ihe Gharily and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Th lees, report was approved by the Board ofTru8lees. Mr P J Robinson Chalr of the Board ofTrustee5 Date.. 12
Rèès Foundatlo Independent ExamlneV8 Report to thè trustees of Rees Foundatlon I report on the accounts of the chaiity for the year ended 31 Decemb8r 2024 whlch are sel out on pages 14 to 29. Respectlve responsibllltles of trustees and examiner The Iruslees (who are also Ihe directors of the company for Ihe purposes of company law) ar8 responsible for the preparation of the accounls. The Iruslees consider Ihal an audlt Is not requlred for this year under se¢llon 144121 of the Charilies Acl 2011 Ilhe 2011 Act) and Ihal an independent examln3iton Is needed. The charlty's gross Income exceeded £250,000 and l am qualified lo undeilake Ihe examination by belng a qualllled member of ICAEW. Having salisfied myself that Ihe charlly Is not subjecl io audit unde( company law and Is eliglble for independent examinalion,11 Is my responsibilily lo: examine the accounls under 8ecllon 145 of the 2011 Act., lo follow the piocedures laid down In the general DlreGlions given by Ihe Charlly Commlsslon under section 145151{bl of Ihe 2011 Acl., and lo slate whether particular mallers have come to my alienllon. Basls of Independent 8xamlner'8 report My oxaminalion was carrled out In accordance wllh the general Directions glven by the Charlty Commisslon. An examination in¢lud8s a revlew of the accounting Tecords kept by Ihe charity and a comparison ol the accounts presented wllh those records. 11 also Includes conslderallon of any unusual items or disclosures in the accounts. and seeking explanations fiom you as Iruslees concerning any such matlers. The procedures undeiiaken do not provide all th8 evldence Ihal would be requlred In an audit and consequenlly no opinion is given as lo whelhei the accounts present a 'Irue and falr view and the repoil is Ilmiled to those mall8is sel out In Ihe sialem8nt below. Indepandent examlnels statement In connection with my examinalion, no maller has come lo my altenlion.. 11 Iwhlch glves me feasonable cause tr) belleve that In any material resp8¢1 the fequlrements.. lo keep accounllng records in accordance with secllon 386 of the Companles Act 2006., and lo prepare accounts which accord with the accounting records, comply with Ihe accounting (equlrements ol section 396 of the Companles Act 2006 and with the methods and principles of the Statement of Recommended Pra¢lice.' Accounling and Reporting by Charllles have not been mel., or (21 lo which. In my opinion, allenlion should be drawn In order lo enable a propel understandlng of th8 accounts to be reached. M A Skellum FCA ICAEW 08kmoore Court 1 Ic Klngswood Road Hampton Lovell Dro1ICh Worceslershlre WR9 OQH P8ge 13
Ree5 FoLindatlon Statement of Flnanclal Actlvltle8 for the Year Ended 31 December 2024 Ilnclii(Ilng Income ai)d Expendltiire A¢coLiiII and Stalemeiit of Total Recognlsod Galn8 and Losses) Unreslrlcted funds Rostrlcted funds Total 2024 Notg Incoine aiid Ei)(lowineiils from., Donalions and legacies Charilable activities Other income 608.157 198,205 531 71,141 679,298 198,205 531 Total Income 806.893 71.141 878,034 Expeiidllure on: Charllahle aclivilies Other expenditure Tolal Expenditure 1646,1431 89,202 1103,7761 16,8171 120,593 1749,919 106,019 735,345 1855.938 Nel Incomel{expendilurel Transle¥s belwe8n funds 71.548 667 149.4521 667 22,096 Nel movement in funds 70,881 {48.7851 22,096 Reconclllatlon of fiinds Total fltnds brought fOard Total funds carrled forward 334,930 57,099 392.029 17 405,811 Unrestricted funds 8,314 Restrlcled fLinds 414.125 Total 2023 Note Income and Eiidowments from.. Donations and legacies Charllable aGlivilies 684,584 87,3FJO 101,233 785,817 87.380 Total Income 771,964 101,233 873.197 Expeii(Ilture on: Charllable aclivllles Olhei expendiliire Tolal Expèndilure Nel lexpendilure)lincome {702,924} 104,579 (44,1341 1747.0581 104.579 807,503 44,134 851.637 35,539 57,099 21,560 Nel movement in funds 135,5391 57,099 21.560 Recoi)clllatlon of funds Total f(Inds brought lotwaid Total funds carried forward 370,469 370,469 17 334.930 57,099 392,029 All ol the charity's activities derive from continuing operations durlng the above Iwo periods. Tlie fiinds breakdown lor 2023 is shown in note 17. Page 14
Rees Foiindatlon (Reglstratlon niimber.. 082162791 Balance Sheet as at 31 Dec8mb6r 2024 2024 2023 Note Fixed a8setg Inlangible assets Tangible assets 13 14 8E11 10,717 6.427 6,427 11,598 C(iYrènt asset8 Debtors Cash al bank and In hand 15 27,661 553,475 681,136 16,011 464.627 480,638 CredltOY8: Amounts falllng diie wlthln one year N6t currei)t a88et8 16 173,438 100,207 407,698 380,431 Net assets 414,125 392.029 Fiinds of tlie charlty: Restrl¢ted fiiiids 8.314 57.099 Unrestrlcted Iii¢om6 fund$ Unreslri¢led funds 405,811 334,930 Total funds 17 414.125 392,029 For the financlal year ending 31 December 2024 the Gharily was enlilled lo exempllon f(om aud51 under section 477 0111)e Companies Act 2008 relating lo small compaiiies. Directors, iesponsibililies.. The members have not required the cl)arily lo obtain an audll of ils accounls for Ihe yeaf in question In accordai)ce wllh secllon 476.. and The direclofs acknowledge their respor)sibililies lor complying with the fequiremenls ol the Acl with respecl lo accounllng records and the preparation of accounts. These accounls have been prepafed In accordance with the provlslons 8ppllcable lo companles sublecl lo the sinall companies regime. The li al slalemenls on pages 14 10 29 were approved by the Iruslees. and aulhoristrd for Issuè .10nd signed on their behalf by.. Mr P J Robinson Trustee Page 15
Rees Foiindatlon statement of Cash Flows for the Y9ar Ended 31 Decgmber 2024 2024 2023 Note Cash flows from op6ratliig actlvltles Nel cash incoine 22,096 21.560 Adluslmeiits to cash Ilows from non.ca5h Items Depreciation Amorlisalion Loss on disposal of tangible fixed assets 4.644 881 276 5.003 1,489 27,897 28,052 Worklng capltal adJLlStmei)ts Increase in debtors Increase in creditors In¢rease in deferred income 15 16 111.6 Jroi 1.682 71,549 13,1571 22.503 9.403 Nel cash flows from operaling a¢livilies Cash flows from Investlng actlvltles Pur¢hase of tangible fixed assets Nel increase in cash and cash equSvalenls Cash and cash equ5valenls al 1 January Cash and cash equivalents al 31 December 89,478 56,801 14 630} 3,684 88,848 53,117 411,510 464,627 464,627 5af3,475 All ol the cash flows are deiived from conllnulng operations during the above Iwo pgriods. Page 16
Re08 Foiiiidatlon Noles to the Flnanclal Stat&mgnts for the Yèar Ended 31 December 2024 1 Charlty status The charily is a charity limited by guaranlee and consequently does nol have share capital. Eacli of 11)e Iruslees is liable lo conlribulo an amount nol exceeding £10 lowards the assels of the charily in 11)e event of liouidalion. The charity has taken advaniage of the exempuon available lo dispense with the wold 'limiled' after Its name. 2 Ac¢ountlng pollclgs Siimmary of slgnlflcaiil a¢coiintlng pollcles and key accoiinllng estlmates The principal accounting policies applied In the preparation ol these financial slalemenls are sel out below. These policies have been consislenlly applied to all Ihe years presented, Lifbless olherwise slaled. statement of compllance The linancial slalemenls have been prepared In accordance with Accounting and Reporting by Charities.. Slalemenl of Re¢ommended Pfaclice appllcable lo chafilies preparlng Ihelr accounts In ac¢ordan¢e with Ihe Financial Reporting Slandard applicable in Ilie UK and Republic ol Ireland IFRS 1021 lelleclive 1 January 20191- (Charities SORP IFRS 102)), the Financial Reporting Slandard applicable in the UK and Republic of Ifeland IFRS 1021 and Ihe Companles Act 2006. Basls of preparation Rees Foundation meets the definition of a publiG benelil enllly under FRS 102. Assels and liabilitiès are inilially recognised al histoilcal cost or transaction value unless otherwise staled in the relevant a¢counling policy notes. Golng concern Tlie Iiuslees consider that ther& are no material unceilalnlies aboul Ihe charity's ability lo conlirblie as a going conGe¥n nor any significant areas ol uncertainly thal allecl Ihe carrying value of assets held by the charity. Income and endowments Incoine is recognised when the charily is legally enlilled lo il aller any performance conditions have beon Inel, the amounts can be measured iellably. and il is probable that income will be received. Donatlons and legacles Cash donations are recognised on receipt. Other donallons ale recognlsed once the charily has been nolllied of the donation, unless performance conditions reqliire delerial ol the amount. Income lax recoverable in relation lo donalions received under Gill Aid or deeds of covenant is recognised al the Ilme ol the donation. Legacies are recognlsed on receipt or Otheise il the charlly has been nolilied ol an Impendlng dislribulioii, the amount is known, and recelpl Is expected. If Ilie amount Is not known, the legacy Is Irealed as a conlingenl asset Page 17
Rees Foiindatlon Not&8 to the Flnaii¢lal Statement8 lor 11)e Yeay Ended 31 D8¢6mber 2024 Grants recelvable Glanls are recognised whgn Ihg charity has an enlillemenl lo lh8 lunds and any conditions linked lo the granls have been mel. Where perlorinai)ce condilions are allached lo Ilie granl and are yel lo be mel, the income 15 recognised as a liability and included on the balance sheel as deferred inconie lo be released. Expendltiire All expenditure Is recognlsed once there is a legal or conslruclive obligaliDn lo Ihal expendilure, il is probable selllemenl is required and the amount can be measured reliably. All costs are allocated lo the appllcable expenditure h&adlng Ihal aggregale slinllar costs lo Ihal calegory. Whefe costs cannot be directly allribuled lo parllcular headings Ihey have been allocated on a basis consistent with the se of resources, wilh cenlral staff costs allocated on the basis ol lime speiil, and deprecialion charges allocated on the portion ol the asset's use. Olhei support costs are allocated based on the spread ol staff costs. Charltable actlvltles Charitable expenditure comprises those costs incurred by the ¢harity in the delivery ol ils acliviliès and servl¢es lor Ils beneliciaries. 11 includes both cosls Ihal can be allocated dlrtrclly lo such aclivilles and those costs ol an Indirect nalure necessary to Slipporl Ihem. Grantprovlslons Provlslons for gianls are made when the Inlenllon lo make a grant has been communlcaled lo the recipient bul there Is uncerlalnly about either the liming of the granl or Ihe amount of granl payable. SLlPPOrt CO818 Suppoil ¢osls include central lunclions and have been allocated lo aclivily Cost categories on a basls Consistent with the use of resources, lor exainple, allocating properly costs by floor areas, or per capila, staff costs by the lime spent and other cosls by thei¥ usage. Taxallon Tlie charily Is consldered lo pass 11)e lesls sel out in Paragraph 1 Schedu18 6 of the FinanGe Acl 2010 and therefore il meets the definition ol a cliarilable company lor UK ¢oiporalion lax purposes. Accordingly, 11)e charily Is polenlially exempl Irom laxalion in respecl ol income or Capital gains recelved within categories covered by Chapter 3 Parl 11 of11)e Corporation Tax Act 2010 or Section 256 01 Ilie Taxation ol Chargeable Gains Act 1992. to the exlei)I Ihal s(Ich Incoi)ie or gains ale applied excluslvely to charitable Purposes. Intanglbl& assets Inlangiblg assets are slated in the Balance Sheet al cosl less acclimulaled amorlisalion and impairmenl. They are amorlised on a sliaighl line basis ovei Iheii eslimaled useliil lives. Tanglble flxed asset8 Individual lixed assets are initially recordeil al cost, less any subsequent accumulated depiecialion and subsequent accumulated impairment losses. The gain or loss arislng on the disposal ol an asset is delermlned as the dillerence belween the sale proceeds and the carryin9 value ol the asset, and is re¢ognised in the slalemenl ol linancial aclivilies. Page 18
R868 Foiindation Notes to the Flnanclal Statements for the Year Ended 31 December 2024 Ainorllsation Amorlisalion is provlded on Inlanglble flxed assets so as Io Wflle oll the cost, less any e811maled residual value. over Ihelr expected useful e¢onomi¢ life as follows.. Asset class Sollware Amorllsallon method and rate 250/0 slralghl Ilne Depreclatlon and amorllsatlon Depreciallon Is provided on lan9ible fixed assets so as lo wiile oll the cosl or valuallon, less any esllmaled residual value, over their expected useful economlc life as follows.. Asset class Ollice equipment Depreclatlon method and Yate 25% slraighl line Impalrmènl of fixèd assels Al each reporting end dale. the charlly revlews 11)e carrylng amounts ol Ils langlble and Intangible assels lo determine whether there Is any Indlcalion Ihal those assets have sullered an ImpaSrment loss. 11 any such Indicallon exlsls, the recoverable amount of the asset is esllmaled In order lo delermine Ilie exlenl of the iiiipairmenl loss {il any}. Trade dèbtors Trade deblors are amounts due from customers for merchandise sold or seryices performed in the ordinary course of business. Trade debtors are fecognised initially al Ihg transaction price. They are subsequently measured al amorlised cosl using the elfeclive interest melhod. less provision for impairmei)l. A provision for the impairment of Iiade deblors is eslabllshed when there is objective evidence that the charity will not be able ID collecl all amounts due according lo the original terms ol the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other shorl-lerm highly liquid Inveslmenls that are readily convertible lo a known amount of cash and are subject lo an insignilicanl rlsk of change in value. Trade cyedltors Trade creditors are obllgallons lo pay for goods or servlces Ihal have been acquired in the ordinary course ol business from suppllers. Accounts payable are classified as current liabilities if the charity does not have an un¢ondilional right, al the end of the repofling period, lo defer selllemenl of the creditor for al least Iwelve months aller the reporting dale. 11 Iheie Is an unconditional right lo defer selllemenl for al least Iwelve moi)Ihs aller the reporling dale, they are presented as non-currenl Trade creditors are recognlsed initially al the Iransa¢lion price and subsequently measured al amorlised Cost uslng the effective Interest melhod. Page 19
Rees Foulldatlon Not6s lo the Flnallcial Stateineiits for the Year Eiidod 31 Decembfyr 2024 Borrowlngs Inleresl-bearing borrowlngs are inillally recoided al falr value, rlel ol transaction costs. Inleresl-beaiing boirowings are subsequently carried al amorlised cost. with the dilfeience beiween 11)e proceeds, nel ol Iransaclion ¢osls. and Ihe amount diie on redemption being recognised as a charge lo Ihe Slalemenl of Financial Aclivilies over Ihe period of the felevanl boirowing. Interest expense is recognised on the basls of Ihe ellecllve Interest method and is included in inleresl payable and similar charges. Borrowlngs are classified as current liabililies unless the charily has an uncondlllonal rlghl lo defei selllemenl ol the liabilily lor al least twelve months aller the repoillng dale. Fuiid striictiire Unreslii¢led in¢omtr funds are general funds Ihal are avallable for use at Ihe Iruslees's discretion in furlheran¢e of the objectives of the charily. Designated funds comprise funds sel aside out of unreslricled income by Ihe l¥uslees for the furtherance ol particular aspecls of the charSlYs objecls. The Iruslees may, al their discrelion, reallocale these lunds back lo Ihe general fund. Reslricled funds can only be used lor pa¥li¢ulai ieslricled purposes within the objects ol the charity. Reslriclions afise when specified by the donor or when funds are ralsed lor particular reslricled purposes. Peiisloi)s arid other post rellrement obllgatlons The charitable company operates a defined ¢onlfibulion pension Scheme. Contributions payable lo the charitable Company's pension schen)e are char9ed lo Ihe Slalemenl of Financial Aclivilies in the perlod lo whlch they relate. Flnanclal Instruments The charilable company only has financial assets and financial liabilities of a kind Ihal qualify as basic financial inslrumenls. Basi¢ financial instruments afe initially recognised al transaction value and subsequently measured al Iheif selllemenl value. Page 20
Rees Foiiiidatlon Notes to the Fliianclal Statements for the Yèar Elided 31 Decèmber 2024 3 Income from donations and legacles Unr6Strlcted fiiiids Reslrlcled fuiids Total 2024 Total 2023 General Other general grants Other general grants The W6lland Trust 71.141 71,141 26,895 566,260 101,233 18,123 630,000 26.895 566.260 Grants 593.155 71.141 664,296 749,356 Corptsrale donations Trust & Charity donallons Individual donations Other 8.771 1,000 5,231 8,771 1.000 5,231 22,998 13,395 68 Donations and Gllls 15,002 60ES,157 15.002 36.461 71.141 679,298 785,817 4 Income from charitable actlvities Unrestrlcted fuiids Total 2024 Total 2023 G&neral Other income 'Ask Jan, membershlp Income 115,913 82.292 115,913 82.292 22,410 64,970 198,205 19tI,205 87,380 Page 21
Ree8 FoLiiidatlon Notes to the Flnanclal Statements for the Yèar Ended 31 December 2024 5 Expendlture on charltable acllvllles Unr881rlcted funds Restrlcted fuiids Total 2024 Total 2023 General Note Crowd fundlng payments Care experienced ambassadors Panel Wofk costs Financial support Arts project Travel and subsistence Wellbelng session costs Volui)leer expenses 'Ask Jan, membership costs Grant funding of activities Stall costs 27 6.354 1.430 35.389 1,448 7.802 1,430 35,409 6,181 12,725 35.889 86 20 10.814 2,435 13,249 14.261 11,123 2,058 13.181 11,107 200 691 7,820 8,511 11.677 59.631 520,711 646,143 425 89,570 103 776 60,056 610,281 749,919 106,955 547,950 747,058 6 Other gxpendlture Unre81rlcted fLinds Restrlcted fiiiids Total 2024 Total 2023 General Note Allo¢aled support and governance c051s 89.202 16,817 106,019 104,579 104,579 89.202 16,817 106,019 Page 22
Rèes Foiiiidatlon Notes to the Flnanclal Statements for tho Year Ended 31 D&c8mber 2024 7 Analysis of support COSt8 other supijort Costs Gov8rnaiice costs Total 2024 Total 2023 Basis of allocatioii Allocated on lime Use of assels Use of premises Admin and sundry Eslimaled expenses sage Slafl Iiaining and Personnel events roles Advertising, markellng Nature of and neiworking C051 Books and Usage ol publications malerial Usage ol premises Pro rala lo activity Stall cosis Depreciation and amorlisalion Rent, rates and 6,820 6.820 605 5,801 5,801 6,491 12,096 12,096 15.144 38.713 38.713 36,279 3,274 3,274 5,594 23,722 23,722 8,185 4,061 Insuranco 5,476 5,476 4,947 Bank charges Legal and professional Accountancy fees 3,133 3,133 4,005 Governance Governance 2,769 2,769 4,215 15,393 3,875 4,215 4,215 101,804 106,019 104,579 8 Grant-maklng Analy818 of graiits Grants to Iiidlvlduals 2024 2023 Analysls Granls payable 60,056 106.955 Page 23
Reès Foulldatlon Notes to Ilie Flnanclal Slatemonts for the Year Ended 31 Deceinber 2024 9 Nel Incomlngloutgoliiy resoiirces Nel incomlng resources for the year in¢lude'. 2024 2023 Loss on disposal of tangible lixe(i assels Depreciation ol fixed assets Amorlisallon ol goodwill Indepeiidenl examiners fees 276 4,644 881 4,215 5,003 5,084 3,875 10 Trustee8 remunerallon and expei)8e8 None ol Ilie Iruslees lof any persons connecled with them) received any remuneration foi the year 12023.. £Nill. 3 Iruslee8 were reimbursed expenses during tho yea¥ lolalling £1.655 12023.. £7521 relating lo Iravel costs and sundry other costs. Rees Foundation was ieimbursed expendllure incurred during the year on behall ol IfLislees ol £Nil 12023.. £Nill. As al 31 December 2024. there is a balance ol £Nil owed lo Rees Foundalion 12023.. £Nill. There were no other transactions with Iruslees during the ¢u¥renl or prlor year. Page 24
Rees Foundatlon Notes to the Flnaiiclal Statemèiit8 for the Year Ended 31 Dec6mber 2024 11 Staff costs The aggregate payroll cosls were as follows= 2024 2023 Wages and salaries Social securily costs Pension costs 535,901 49,798 24, Jf82 610,281 477.269 49,934 20,747 547,950 The monthly average number of persons (including senior management leaml employed by th8 charlly during the yeai expressed as full lime equivalents was as follows.. 2024 2023 No Aveiage monthly number ol employees 17 15 The charitable company operales a delined conlribulion pension scheme for all qualilylng en)ployees. The assets ol the scheme are held separately froin those of the charily in an independeiilly administered lund. The charge lo profil or loss In respect of Ihe delined contribution schemo was £24,582 {2023'. £20,747). The n(Imber ol employees whose annual remuneialion {excluding employer pension costs and employer's national insurance costs) was £60,000 or more were.. 2024 No 2023 No £60,001- £70,000 £70,001- £80,000 The lolal employee bengfils of the key management personnel of the charlly were £272, Jf4512023 £231,372). Page 25
Rees FoLindatloii Notes to Ihg Flnanclal Statements for the Year Ended 31 Decembor 2024 12 Taxatlon The charity is a fegislered charily and Is Iherelore exempl from taxalion. 13 Intaiigible flxed assets Software Total Cost Al 1 January 2024 Al 31 December 2024 5,965 5.965 5.965 Amortlsalloii Al 1 January 2024 Chafge lor the year Al 31 December 2024 5,084 881 5,084 881 5.965 5,965 Net book value Al 31 December 2024 Al 31 December 2023 881 881 14 Tanglbl& flxed ass918 Furnlture aiid eqiilpinent Total Cost Al l Janiiaiy 2024 Additions Disposals 22,868 630 603 22.868 630 6031 Al 31 Decgmber 2024 22,895 22.895 Deprèclatloii Al 1 Jaiiuary 2024 Charge foi the year Eliminated on disposals 12,151 4,644 327 12,151 4,644 327 Al 31 December 2024 16,468 16,468 Net book valii Al 31 December 2024 6,427 6,427 Al 31 December 2023 10,717 10,717 Page 26
Rees Foundatlon Notes to the Flnan¢lal Statements for the Year Eiidod 31 December 2024 15 Debtors 2024 2023 Trade debtors Prepaymenls Olher debtors 20.519 4,382 2,760 27,661 7.413 7,398 1,200 16,011 16 Crgdltors: ainounts falllng diie wlthln one year 2024 2023 Trade creditors Other laxalion and social securily Other credllors Accruals D8lerred Incom8 39,279 14,212 5,944 11,757 102,246 173,438 46.904 14,013 4,724 3,869 30.697 100,207 Deferred income comprises income ¥eceived in relation to fuluie years from membeis who have subscribed lo 'Ask Jan, memberships. These are variable In length from 175 days lo 12 morklhs. Page 27
Rees Foiindatlon Notes to the Fliiaiiclal Statements for the Year Ended 31 December 2024 17 Fund8 Balaiic& at 31 Deceinber 2024 Balance at 1 January 2024 Incomlng Resourc6s resoiirc&s expended Transfers Uiiroslrlcted fiinds General Unreslricled 334,930 806,893 1735,345) 16671 405,811 Restricted funds National Lollery Communlly Org John Lewis Foundation - Future Me Eveson Trust Charles Hayward Nallonal Lollery Communily Fund 676 29.054 {30.4371 707 37,9B8 18,455 {40,5031 {111.4451 11 Jf,7711 1401 {2,5751 10 6.829 22.600 19.487 15,437 4.050 Total restrlcted fLind8 57.099 71.141 120.593 667 8,314 Total funds 392,029 878.034 855,938 414,125 Balaiice at 31 December 2023 Balaiice at 1 Jaiiiiary 2023 Incomlng Rosoiirces resoiirces expended Trai)8feYs Unr&strlcted funds General Uiireslricled 365.469 771.964 {807,503) 5.000 334,930 Deslgnatod Mr R C Bertie Fund 5,000 Total Linrestrlct&d fund8 370,469 771.964 807,503 334,930 Restrlcted funds National Lollery Community Org John Lewls Foundation - Future Me Eveson Trust 41,543 140,8671 676 39,690 20,000 {1,7221 1,545 37,968 18,455 Total reslrlcted fuiid8 101,233 44,1341 57,099 Total funds 370.469 873,197 851,637 392,029 Page 28
Rees Foundatlon Notes to tl?e Flnanclal Slatem&iils for tlie Year Ended 31 December 2024 18 Aiialysls of 1161 assets betwe611 fiinds Unreslrlcted fiinds Reslrlcted funds General Total fiii)ds Tangible fixed assets Current assets Current liabilities 6,427 572.822 173.438 6,427 r81,136 173,438 414,125 8.314 Total nel assets 405,811 8,314 19 AnaSys18 of net fLinds At31 De¢embeY 2024 At 1 JaiiLiary 2024 Cash flow Cash al bank and In hand 464.627 88,848 553.475 Nel (Jebl 464.627 88,848 553,475 20 Relaled party traiisactlons There were no related parly Iransaclions in the year. Page 29