DRESS FOR SUCCESS GREATER LONDON TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED 31 MARCH 2025 DRESS FOR" 5UCCE55 GREATER LONDON INTRODUCTION FROM CHAIRWOMAN OF TRUSTEES REPORT OF THE TRUSTEES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET STATEMENT OF CASHFLOWS NOTES TO THE ACCOUNTS REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org (Q Dress for success Greater London Registered Charity Number 1160560 CTION" ROM THE FOUNDERA& CHAIRWOMAN J￿ANITA INGRAM As Founder and Chair of the Board of Trustees, l am proud to present the Dress for Success Greater London (DfSGL) Annual Report for the year ending 31 March 2025. This year marks a significant milestone for the orsanisation: ten year5 since we opened our door5 in February 2015, with a singular purpose to Support women in London to move towards economic independence with confidence, dignity, and self-belief. Dress for Success Greater London was established in 2014 with a clear conviction that employment is about more than income. It is about stability, identity, and opportunity. From the outset, our work has never been solely about clothing. It has been about restoring confidence, removing structural and personal barriers. and ensuring women have access to the tools, support, and encouragement needed to step forward and thrive. A decade on, that conviction continues to guide our mission and our impact. As an independent UK charity and an affiliate of Dress for Success Worldwide, we benefit from being part of a trusted global movement spanning more than 20 countries, while remaining deeply attuned to the needs of women across Greater London. This dual perspective allows us to draw on international best practice while delivering locally responsive, client-centred services that reflect the realities our women face Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 FROM THE FOUNDER & CHAIRWOMAN JUANITA INGRAM JD MBA Our programmes are rooted in dignity and respect, supporting the whole woman at a pivotal moment in her journey. Through professional attire, inteniiew preparation, and career support, we help women not only prepare for work, but walk into opportunity with confidence. The strength of this approach is reflected in our outcomes: 80% of clients who engage with Dress for Success Greater London achieve success following their first appointment, a powerful indicator of the effectiveness of our model, particularly for women facing long-term unemployment or repeated setbacks. Over the past ten years, we have prioritised quality, sustainability, and trust. Grovrth has been intentional, ensuring strong governance, consistent service delivery, and meaningful impact. The results extend far beyond individual outcomes. When a woman secures employment. the benefits ripple outward. strengthening families. improving life chances for children. and contributing to more resilient communities. This is the long-term social value of economic empowerment. I would like to extend my sincere thanks to our trustees, staff, volunteers, donors, corporate partners, and the wider Dress for Success global network. Your commitment, generosity, and belief in this mission have shaped the last decade and continue to fuel our future. As we look ahead, we do so with renewed energy and clarity. While this report reflects ten years of achievement, it also signals the next chapter. With strengthened leadership, deepening partnerships, and an unwavering focus on women's economic independence, Dress for Success Greater London is well positioned to build on its legacy and accelerate impact. Thank you for being part of this journey. Together, we are not only supporting women into work, we are creating pathways to confidence, stability, and lasting opportunity. Juanita Brown Ingram Founder and Chair of the Board of Trustees Dress for Success Greater London Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org Q) Dress for Success Greater London Registered Charity Number 1160560 'Ii OBJ CTIVES & ACTIVITIES The MISSION of Dres5 for Succes5 Greater London IDfSGL) is to promote the economic independence of unemployed and under-employed women by providing professional attire, a network of support and career development tools to help them thrive in work and in life. DfSGL dresses women from the inside out - providing workforce development services and professional clothing for each of our clients. When a client secures a job interview, we provide her with one free business suit, a5 well as the appropriate accessories, footwear, cosmelics and jewellery. At this session she is also provided with interview coaching. When she successfully secures the job, she returns to DfSGL for a second dressing where she receives UP to a week's worth of bu5ines5 attire to see her through to her first pay cheque. In addition to the dressings and initial interview coaching, DfSGL offers several programmes to help clients successfully secure and retain employment, including Career Centre, Professional Women's Group, Career Days and a Financial Literacy Programme. DfSGL serves job-ready women by referral only. DRESSFORSUCCESS. GREATER LONDON Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 Ll IGILIS LSUCCESS"" iiil.. ij "SOCIAL MOBILI At Dress for Success Greater London. we are committed to meaningful workforce development and comprehensive skills enhancement, focusing on equipping women with not only the abilities needed to secure employment but also to maintain it through ongoing support services. In the UK, current efforts surrounding job readiness, social mobility, and workforce development emphasise expanding opportunities for individuals from diverse backgrounds. This is achieved through improved access to quality education, apprenticeships, and employment programs, with a call for employers to play a more active role in promoting social mobility within their organisations. Addressing the 'class ceiling" is critical to this effort, ensuring fair recruitment practices and career progression for individuals from various socioeconomic backgrounds. Key areas of focus include upskilling and continuous professional development, particularly in digital literacy and technical skills, to prepare employees for an evolving job market. Research continues to reveal a persistent pay gap between individuals of similar qualifications but differing socioeconomic backgrounds, alongside notable regional disparities that pose additional challenges to social mobility in certain areas of the UK. Dress for Success Greater London addresses these pressing issues by preparing women not only to enter the workforce with essential job skills but also to thrive and grow professionally. Through our tailored programs and ongoing support, we empower women to navigate these systemic barriers, contributing to broader goals of workforce development and equitable social mobility. Dress for Succes5 Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 ..MBASURrNd"sufjcsss: OUTCOMES THAT-£FFPQ.WER, ECONOMIES . -￿ ,THAT THRIVE ;; At Dress for Success Greater London, we measure success not simply by the number of women who walk through our doors but by the transformative outcomes we help them achieve. For us, true success is defined by the number of women who secure employment, step confidently into the workforce, and maintain sustainable careers. Each year, we work with an average of 850 women, and through our service5, approximately 680 of them-800kn-succe55fully secure a job. This success rate not only impacts their lives and families but also delivers significant economic benefits. By helping women become wage earners, our organisation reduces the need for state support, particularly by alleviating the need for benefits such as lobseeker's Allowance, Housing Benefit, and additional unemployment support. Given the cumulative welfare benefits received, the estimated savings per woman is around £14,000 annually[Al]. This equates to nearly £9.5 million in savings for the city of London each year[IK2]. Dress for Succes5 Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 MEASUKLNG SUCC:FSS: O TCOMFS TEMPOWER,'ÈcoNOMI.E THAT THRI(TE GO Our investment in each woman is cost-effective, with only £250 required to sustain her through 15 to 18 months of services and support[IK3]. The resulting return on investment is compelling, highlighting the profound economic and societal value that Dress for Success Greater London contributes to the community. For every £250 spent, the savings to society far outweigh the cost, reinforcing the transformative impact and sustainability of our model. This is the power of investing in DfSGL, workforce development, social mobility, and empowering women. Our approach transforms lives and uplifts communities, demonstrating that supporting women is an investment in a prosperous future for all. [Al]: The annual estimated cost of £14,000 per unemployed individual includes cumulative welfare benefits, such as Jobseeker's Allowance, Housing Benefit, and other unemployment support, based on UK government figures. Sources: Gov.UK Jobseeker's Allowance, https://www,gov.uk/jobseekers-allowance; Gov.UK Housing Benefit, httPs://www.gov.uk/housing-benefit' and Stati5ta, Welfare Benefit Expenditure in the UK,, https: www. statista.com topics 3904 welfare- benefit-expenditure-in-the-uk #topicoverview. [A2]: The £9.5million in annual savings is derived from the number of women placed into jobs (680) multiplied by the £14,000 per-person savings in cumulative welfare benefits. [A3]'Dress for Success Greater London calculates the service cost at £250 per woman over an extended support period of 15 to 18 months. Dress for Succes5 Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 WOMEN VIHO DRESS FOR SUCCESS. AS A YOUNG CAREER FROM A TENDER AGE, I WAS EXPOSED TO LIFE'S PRESSURE, ADULTHOOD &WOMANHOOD. USING MY LIVED EXPERIENCE TO REMOVE STIGMA ADVOCATE FOR UNDERREPRESENTED VOICES IN THE COMMUNITY. I AM HONOURED THAT MY STORY CONTINUES TO INSPIRE PEOPLE TO CONNECT WITH EACH OTHER AND TO NEVER GIVE UP ON THEMSELVES." TONI-ANN GURDON O•ESS IO• SUCCESS GeEAFI• IOhlDON GLOBAL AMBASSADOR & WOMEN WHO INSPIRE HONOUREE- TONI-ANN GORDON We are immensely proud that our Global Ambassador. Toni-Ann Gordon. was selected by Dress for Success Worldwide as one of the 202S Women Who Inspire Honourees, a major international recognition that highlights women across the global network whose resilience, leadership, and impact embody our mission. The Women Who Inspire campaign, launched annually in celebration of International Women's Day and Women's History Month, honours a curated group of 31 remarkable women from affiliates in multiple countries whose Stories and achievements uplift women and communities around the world. This i nitiative, one of Dress for Success Worldwide's flagship campaigns. amplifies inspirational voices and helps raise vital support for programmes that advance women's economic independence and confidence. Toni-Ann's phenomenal speech at this yearfs Power of Women Awards not only showcased her personal journey of transformation and leadership, but also shone a spotlight on the work of Dress for Success Greater London on a global stage. reinforcing the aff iliate's influence within the worldwide movement for wnmen's o.mpc)werment Dress for Succes5 Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 New Leadership omen SAMANTH EXECUTIVE DIRECTOR In December 2024, Dress for Success Greater London welcomed Samantha Latouche FRSA as our new Executive Director, marking an exciting chapter of leadership and strategic growth. Samantha brings a wealth of experience from across the publ ic and charitable sectors, having led major grant- funded programmes and community engagement initiatives that address long-term worklessness, social inclusion, and economic opportunity. Her background includes senior roles managing high-impact projects such as support initiatives for the London 2012 Olympic Games, d irection of community services for YMCA Thames Gateway, and partnership leadership with local government and the Greater London Authority. She is also an experienced charity trustee, non-executive director, and former councilor, passionate about empowering women and strengthening community networks. Under her leadersh ip, we are thrilled to be building deeper partnerships, enhancing client-centred programmes, and advancing the aff il late's mission with renewed energy and strategic focus. Samantha's vision al igns closely iLli uur LUITIITiiLITieJ)L Lu eridbliiig vvo)Fiieii Lu dLliieve eivriuiiiiL Iiidepeiideiiie vviLlI iuiifideriie diid diyiiiLy. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 i_l Advisory Board A time for expansion The women we serve ai Dress for Success Greaier London are ai Ihe heart of our mission, and Iheir importance cannot be overstated. Our clientele comes from incredibly diverse and often challenging backgrounds, iniluding ex-offeiiders, suivivors of humaii traffickiiiy, iiidividuals recovei-ing fi-orTi diug and alcohol abuse, victims of domestic and sexual abuse, and young people transitioning out of care. Each woman brings her unique story, and it is our privilege to support them on their journey towards empowerment and independence. Our Holistic Approach: Our work goes beyond just preparing these women for job interviews. We u nderstand that each woman's journey towards self-suff iciency and success is complex and multifaceted. Therefore, our support encompasses a range of services from providing appropriate attire for Job interviews to offering career coaching and professional development opportunities. By doing so. we aim not just to equip these women for their immediate job prospects but to instill in them a sense of self- worth and the skills necessary for long-term career growth. The Broader Impact: By as51Sting these women, we are not only impacting their live5 but also contributing positively to the broader society. Women who successfully re-enter the workforce become role models in their communities, inspiring others and proving that change and success are possible regardless of one's past. They contribute economically and socially, adding value to our workforce and enriching the diversity of our communitv. New Patron Aboard TSKENYA-SARAH FRAZER PATRON We were del ighted to welcome Tskenya-sarah Frazer as a new Patron of Dress for Success Greater London. An award-winning community leader, broadcaster, author, and social- impact advocate, Tskenya-sarah served as an outstanding emcee and hostess for the 2025 Power of Women Awards, bringing warmth, authority, and a deeply intersectional perspective to the evening. Her appointment as Patron reflects both her longstanding commitment to social mobility, inclusion, and representation, and her active, hands-on support of the organisation. In early 2025, she leveraged her professional network to secure a BBC radio interview for our Executive Director, significantly amplifying the visibility of Dress for Success Greater London and its mission. Recognised with the Pride of Britain Award for community impact, and with extensive exporience advising global organisations on equ itable and culturally informed strategy, Tskenya-sarah brings not only prof ile but practical influence to the charity. We are honoured to have her as a Patron and look forward to the continued reach, advocacy, and strategic value her leadership brings to the affil late. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 4tg¢iii' ryAL. POWER OF WOMEN AVVARDS A Decade of Impact. Advocacy. and Collective Action The 2025 Power of Women Awards marked a defining moment for Dress for Success Greater London, celebrating ten years of impact while reaffirming the organisation's role as a convenor of leadership. advocacy. and opportunity for women. More than a celebratory event, the Award5 Served as a platform to recognise individua15 and organisations whose work actively advances equity, inclusion, and economic empowerment across sectors. Aligned with the 2025 International Women's Day theme. #AccelerateAction, the evening underscored the urgency of sustained progress. Speaker5 and honourees reflected the breadth of influence required to drive systemic change, spanning public service, business, media, healthcare, fashion, technology, youth services, enirepreneurship, and community leadership. The eveni highlighied Ihai empowermeni Is noi symbolic; li Is practical, intentional, and driven by access, representation, and accountability. The Awards also played a vital role in advancing the mission of Dress for Success Greater London. As both a key fundraising and profile-raising initiative, the event generated financial support and strengthened strategic parinerships Ihar direciiy enable Ihe delivery of clieni services, including professional aiiire, employabilily 5UPPOrt, and confidence-building intervention5. Equally important, it amplified avvarene55 of the barriers women continue to face in the workplace and the proven solutions Dress for Success provides. A standout feature of the evening was the 10-year anniversary recognition, A Decade of Impact: Honouring Women Who Inspire, which celebrated former clients whose Journeys exemplify long-term transformation. By spotlighting client leaders who have progressed into global advocacy and entrepreneurship, the Awards reinforced the organisation's commitment not only to employment outcomes. but to sustained leadership and influence. The Power of Women Awards also strengthened Dress for Success Greater London's visibility and credibility within the wider civic and corporate landscape. With senior leaders, policymakers, media voices, and community advocates in attendance. the event fostered meaningful connections and reinforced the organisation's posiiion as a trusted partner in advancing women's economic independence. In celebrating a decade of seniice. the 2025 Power of Women Awards honoured past achievements while setting a clear direction for the future. The evening reaffirmed that progress requires collaboration, courage, and continued action, and that when women are supported to succeed, the impact extends far beyond the individual 10 families, communiiies, and future generations. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 "Ii 14111" 11, POWER OF WOMEN AWARDS, -OUR TITLE SPONSOR, Behind the Scenes: Bringing the Power of Women Awards to Life An eveni of this magniiude doesn'i come iogeiher on its own-ii lakes a dedicated team, generous sponsors, and an incredible community of supporters to create an unforgettable evening. A heartfelt thank you to Blue Orchid Hospitality and Skyline London for transforming our vision inio realiry. From Ihe elegani iablescapes 10 Ihe seamless AV, excepiional food, and curated ambiance, your partnership elevated the Power of Women Awards to new heights. Your commitment to excellence made all the difference in delivering a truly first-class experience. To our incredible volunteers and setup crew, your hard work behind Ihe scenes did noi go unnoticed. Every detail, every chair placed, and every light adjusted helped set the stage for a night that celebrated 10 year5 of impact. empowerment. and community through Dre55 for Success Greater London. And to everyone who joined us-thank you for celebrating this milestone with us. The energy, the camaraderie, and the unwavering support remind us why we do this work. Here's to the power of collective impact and the bright future ahead! Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 POWER OF WOMEN AWARDS LON If it¥ valuable valuabhto U5 Women em owerin women •L¥Q *••• *v¢¢l •r Iljf OlCII* Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 11,1 POWER OF WOMEN AWARDS Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 MAIN ACTIVITIES FOR THE PUBLIC BENEFIT Achieving Milestones and Advancing Public Benefit Dress for Success Greater London (DfSGL) is delighted to share the successful realisation of our key objectives for the fiscal year ending 31 March 2025. These achievements reflect our steadfast dedication to delivering impactful services for public benefit, empowering women to transform their lives and careers. Over the past year. DfSGL has maintained robust client engagement. assisting approximately 700-900 women annually through interview dressing and career coaching. Our diverse service recipients include ex-offenders, survivors of abuse, and mothers re- entering the workforce after raising children. Our workshops have played a pivotal role in equipping women with the skills, confidence, and support needed to thrive as they transition into meaningful and sustainable employment. Our governance and fundraising efforts have seen remarkable progress, thanks to the strategic leadership and expertise of our Trustees. Their invaluable contributions have broadened our networks and strengthened our capacity to achieve our mission. A5 PdrL of our commiLmenL Lo excellence, Lran5parency, and regulaLory compliance, DfSGL conducted comprehensive reviews of its financial safeguarding and background check policies Ihis year. These updaies were rigorously assessed by the Chariiy Registraiion Commission and confirmed as compliant, demonstrating our dedication to ethical governance and best practices. Further highlighting our organisational integrity, DfSGL voluntarily underwent auditing and certification by the Charities Aid Foundation of America. We are proud to announce that we successfully passed their stringent evaluation process, reaffirming our status as grant- eligible and reinforcing confidence in our operations and financial stewardship. In line with the Charity Commission's public benefit guidelines, our Trustees remain committed to upholding these principles in all decision-making processes. To ensure alignment with our mission and regulatory Standards, each Trustee undergoes a thorough onboarding program covering policies, procedures, obligations, and strategic objectives. DfSGL's comprehensive approach to governance and operations underscores our unwavering commitment to empowering women, promoting equity, and delivering measurable impact. Together, we continue to advance our vision of a world where every woman can achieve economic independence and thrive. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org Dress for Success Greater London Registered Charity Number 1160560 OPERATIONAL ACHIEVEMENTS & PERFORMANCE SUITING SERVICE We continued to operate a suiting service 4 days per week where clients receive a combined service of interview coaching and styling se55ion in preparation for job interview and success. Ongoing support includes a capsule wardrobe session once the client has succeeded at her job interview. Although we face challenging situations in our limited premises and capacity, we still achieved a minimum of 20 appointments over 4 day5 a week (20 hours of appointments) with only 2 dressing rooms and a small career centre. r.A Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 OPERATIONAL ACHIEVEMENTS & PERFORMANCE CAREER CENTRE Our career cenire coniinues 10 grow in demand for mock inierview sessions, CV reviews and interview skills and techniques. Although we offer interview skills and techniques as part of our suiting service, throughout 2024 and 2025, we continued separate individual CV reviews and mock interviews. We also offer separate Career Chats at each client's first dressing. BLOCK BOOKINGS Block bookings continue to be delivered in response to the demand of Referral Organisations that operate employment platform programmes. Referral partners make a block booking at the Dress for Success Boutique at an appropriate time within their programme. We promoted block bookings so that vulnerable clients who rely and depend on peer support at their support organisation can come to our boutique as a group. This model particularly applies to ex-offenders and young women leaving care. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 OPERATIONAL ACHIEVEMENTS & PERFORMANCE REFERRAL PARTNERS/ORGANISATIONS In 202412025 we maintained our Referral Organisation engagement. We have engaged with all of our Referral Organisations through campaigns, presentations to team leaders, and Boutique open days. We receive clients from a diverse range of organisations that includes: ex-offenders, human trafficking, drug and alcohol abuse, victims of domestic and sexual abuse, and out-of-care young people. We work with Jobcentre Plus branches {state-run employment support and social security) serving 300 outside of this network. PR & MARKETING We are grateful for all of the positive feedback we continuously receive regarding our new website. We cannot express enough our appreciation to the volunteer who serves on our Marketing Committee that devoted countless pro bono hours to develop our new website. Due to this redesign, we have experienced an increase in web traffic, volunteer applications, and donations. Social Media is certainly a prominent staple in our daily lives and we are pleased with the continuous interactions that our social media channels provide. We are always grateful for opportunities to inform the public about the services we provide, celebrate our clients, successes, and inform audiences of ways in which they can support the women that we serve. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 ce erÈnce .'gi.xe.ba ITE SPIRE ou er ss PERFORMANCE OF FUNDRAISING ACTIVITIES Partners and donors are an integral part of Dress for Success Greater London to sustain and maintain our services. Our fundraising efforts remained steady in 2024 and early 2025 and we are grateful for all of our donors and supporters that allow us to continue to serve the women we help. Corporate and retail partners donate various "in-kind" and financial support. Developing and maintaining corporate relations together with the commitment corporate partners make to us help us to succeed and empower even more women. We are appreciative of the corporate partners that believe in the work we do and the impact we make. CORPORATE PARTNERS & DONORS We have continued to build and establish new relation5hip5 With corporate partners who support and are committed to the work of DfSGL. Corporate and retail partners donate various 'in kind and financial support. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 pil VJLL Illi }Jl}11 CLOTHING DONATIONS We continue to provide a winter coat to all clients from October to February, as well as a full range of gently-used professional clothing, shoes, handbags, and accessories to support women preparing for interviews and entering the workplace. Beyond warmth and dignity. this work forms a meaningful fashion Sustainability effort by keeping high-quality garments in active use and out of landfill. Our clients benefit directly from donations of work-appropriate attire, while the wider community is served by our charity shop at 55 Broadway which champions circular fashion through the resale of pre-loved items and funds vital services. By diverting wearable clothing back into use, we not only empovver women economically, we also contribute to a reduction in textile waste and promote a more sustainable approach to fashion consumption in Greater London. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 Fl ANC EW As of 31 March 2025 the Charity had unrestricted reserves of £232,872. DFSGL FINANCIAL SUMMARY YE 31 MARCH 2025 £3(X),000 £250,000 £2CK).000 £150,000 £ic(i,000 £50,000 £0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 RESERVES POLICY Unrestricted reserves are to comprise total reserves to the charity less those reserves which have been restricted or designated for specific purposes. Unrestricted reserves should not exceed what is required to support on-going operations for up to 18 consecutive months. The trustees have considered that the most appropriate policy is to maintain any surplus funds in the form of bank deposits. This policy is kept under review, having regard to the level of funds available. Each year the Finance Committee, in consultation with the senior officer, reviews the reserves policy, taking into consideration the major risks faced by the charity. Any changes to the policy will be proposed by the Finance Committee and approved by the Trustees. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 FINANCIAL REVIEW (CON'T.) AMOUNT OF RESERVES HELD As of 31 March 2025 DfSGL held unrestricted reserves of £232,872. DETAILS OF FUND MATERIALLY IN DEFICIT The Directors consider that there are no material uncertainties about the Charity's ability to continue as a going concern. GOING CONCERN The Directors consider that there are no material uncertainties about the Charity's ability to continue as a going concern. PRINCIPAL SOURCES OF REVENUE The Charity relies on a variety of sources, primarily fundraising activities, grants, corporate and individual sponsors, for revenue. For the fiscal years to 31 March 2016 and March 2017, DfSGL also benefited from the support of Dress for Success Worldwide for start-up funding and operating capital over the period. For fiscal years commencing on April 1, 2017, through March 2025, DfSGL relied on grant funding, corporate sponsors, and fundraising activities. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org Dress for Success Greater London Registered Charity Number 1160560 FINANCIAL REVIEW (CON'T.) EXPENDITURES. INCOME & FINANCIAL POLICIES The Trustees of DfSGL review planned expenditures and expected income as part of a formal annual budgeting process. Any proposed new expenditures or programmes are inventoried and evaluated prior to incurring costs to ensure adherence to the budget and maintenance of adequate reserves. Risks associated with new or increased expenditures are inventoried and evaluated prior to incurring costs. Mechanisms for mitigation are put in place as soon as deemed necessary. Internal controls over all forms of income, assets. and commitment and expenditure continue to be refined to improve efficiency. Performance is monitored through a series of operational Key Performance Indicators {KPls) reviewed regularly by the Trustees. Financial management information is prepared and presented to the Finance Committee on a monthly basis and to the Trustees for regular review. With regard to fundraising and advertisin& the vast majority of these outgoings can be associated with an in-kind donation of services, with minimal cash expenditure. The cost/benefit to the public purse in delivering Dress for Success services continued to be a saving of over £9.5 million in 2024/2025 and this amount is increasing. To support a client for approximately 15 months costs just £250 providing value for money invested. PRINCIPAL RISKS FACING THE CHARITY All current financial obligations are short term and flexible in nature and cash flows are monitored monthly and forecasts updated regularly to ensure adequate financial resources for the Charity. In addition, the Charity manages other operational risks with staff and volunteer training, adherence to policies and procedures as well as third party insurances as appropriate. NOTE REGARDING IN-KIND DONATIONS Donated goods and services are recognised in the financial statements when the goods and services are received by the charity and their value can be measured with reasonable accuracy. The value placed on these resources is their value to the charity. Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org Dress for Success Greater London Registered Charity Number 1160560 4441441 1 1 STRUCT,U:R ¥i.iGOVER ANCE & DESCRIPTION OF THE CHARITY'S TRUSTS Type of governing document Dre55 for Succe55 Greater London Limited ("DfSGL? is registered as a charitable company limited by guarantee without share capital. It was set up by a Memorandum and Articles of Association which were incorporated 011 13tli March 2014. DfSGL and its Trustees ar-e bouiid by said Meinoi"aiiduin and Articles of Association. The namès of the trustÈÈs who served during tho year aro sÈt forth hèrein. How is the charity constituted The charity is constituted as a private company limited by guarantee without share capital. All Trustees are recruited against a role description. Candidates for Trustee positions meet with at least two Trustees (serving as an ad hoc Nominating Committee) to assess suitability for the Board in terms of experience, skills and potential value that they will add. If the candidate is deemed suitable. Board members may by ordinary resolution appoint a person who is willing to be a Trustee under the terms of the Articles of Association. Regular reviews of Trustee Scorecards are undertaken to assess the skills of the current trustees and identify any areas of expertise 8aps. Trustee selection methods Policies and procedures adopted for the induction and training of trustees: New Trustees participate in a comprehensive induction process and are provided with an information pack covering the work of the charity and their responsibilities as a Trustee. The Chair of the Board of Trustees works closely with new Trusrees to ensure that they have a good understanding of Iheir role and the contribution that they can make to the charity. Additional gov•rnanc• issues Orsanisational structure and any wider network within which the charity works: The management of the Company is the responsibility of the Trustees (who are also Directors of the charity for purposes of the Companies Act). The trustees review and approve all policies. and follow a strategy set forth in 2015. and recently revised in 2018. Pay Policy All trustees give their time freely and no trustee received remuneration this year. Pay policies for staff and independent contractors should be fair. transparenL competitive. benchmarked and sustainable. DfSGL shall pay its staff and independent contractors competitively and at the same time ensure that it remains prudent. guaranteeing that salary and compensation costs are sustainable at all times. We aspire to pay staff and independent contractors around the medium market pay level for comparable jobs in similar sized charities in London. Relationship to any related parties Dress for Success Greater London is an affiliate of Dress for Success Worldwide Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org ID Dress for Success Greater London Registered Charity Number 1160560 Reference and Administrative Information Registered Charity Number: 1160560 Charity's Principal Address: 1 OA Leather Lane, London EC1 N 7SS Funds held as custodian Trustee on behalf of others Not Applicable. Names and addresses of advisors (Optional information) Type of Advi50r Name Addre55 Accountant MHR Consultancy Minister House, 126a High Street Whitton, Twickenham, Middlesex TW2 7LL Dress for Success Greater London 0203 773 7279 info@dressforsuccessgl.org (C) Dress for Success Greater London Registered Charity Number 1160560 Names of the Trustees Who Run the Charity luanffa Ingram )wnted Jk&14 CuTreni T￿er HamSsh Cur￿n1 Barry Raymond Hancock 4iwnied 21.7.21 Current Llair MCLarty 4)wnted LuFrent Debra (Debbie) Duncan 4)wnted IS24 Current Rhiannon N4sling Dodson-Edwards •wnied lJ24 CuTrent MARY PHILQMENAWARif4G 4)PQinted 1324 Current Vedrana Pehar typtynied 1.824 Current Megan Campbell Gratrr-Mat5hall pThnlEd 20.117 Retifed December1& 2024 exis Cepeda Maule pwnted 19.1124 Current )24 JIJ JIJ Ji Jij JiJ24 21Jl2 JlJ2S JIJ 175J 17SJ J• *JJ• 17U•6 I￿￿1& J72J• Iw*¢ I'ur E•dN1JI 2•15 95x79 16J211 95Arn 145211 373 P•pii l•r tht Itw E•lthl jl Il•nth 2•25 JiJ25 JiJ24 is. 171.0 19.7JO 258JlJ 11451 14146• 5&709 4S5251 11750 Ww 27 2JJXI •JJs 72J7 2J ijjs 10.150 I7￿2 ljgj 216 79J 1.174 17$2 470P JIL12J X119 siui• SO P4p12 The Trustees declare that they have approved the trustttg report above. Slgned on behalf of the charitys Trust Si8rwture: Name: Juanita K Ingram Position: Founderl Chair Date: Signature: Name: Barry Hancock Posltion: Vlcfr Chair Oate: