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
eXperIen￿d 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-experlen￿d
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 EduCalionlEmployment￿rainIng
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 se￿iCe 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
Dro1￿ICh
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 fO￿ard
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
.10￿nd 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 Othe￿ise 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