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2025-03-31-accounts

ChSty r•glstr•tlon numb•r 11635Y IEDgl•nd and W•le$l Compwy rgistr4tion numbor 09425123 SMART WORKS (GREATER MANCHESTER) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Iiwi 'AEH4Ei￿Ity 10112Q025 COMPANIES HOUSE A13 ¥142

SMART WORKS (GREATER MANCHESTER) CONTENTS Pa Independent examinerfs reF#Yt ststement of financial actsmties Balanee sheet 10 Note5 to the financial slaternents 11-22

SMART WORKS (GREATER MANCHESTER) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 31 MARCH 2025 The Trustees. wtho are also the directors of Ihe charity lor the pU￿oseS of the cornpan￿ Act. present their ￿nual rep¢yt together the accounts of Smart Works (Greater Manchesierl in the year ended 31 March 2025. The aCcL￿nts have been prepared in aCcOrdar￿ ￿th Ihe ar£￿nting ￿￿1￿85 s•1 cxrt on P￿e$ 11 10 12 and compty wilh the charilys goveming document, apF4icabJe laws anrj the requirements of Statement of Recommended Piacbce on AcLwnting and ReprylirKJ by chall￿S, issued in 2019. 1. Obj•ctiv•s and acti¥itie5 Smart Works (Greater Man¢hesierl prowde5 both career coachir4J and intwview coaching. as well as high quality interview dothes and Stying adwce to urnmployed women. We give w£￿en the ￿fid￿r￿, 5ell-belief and prath.cal tools they require to succeed at interyw an4Y start a new chapter of thew life. The charitys objectNes a￿ the ieliel of fmancral hard5hy the reliel of uneryknyment for the public benefit Ihrou9h Ihe promolton of eC(Mrn￿ independence arnong wcnen in Greater Manchester and Ihe surrounding area. To delNer this. Smart Works (G￿ater Manchesierl was In￿rpOrated in 2015 wrth a dear missw)n and vision to help more women back into Ihe W￿kplaCe by giwng Ihem the ththes anrj the confhjence they need to SUc￿d at job Interv￿W. Srn8rt Works {Greater Mancheslerl is part of a network of eight Charit￿$ ihat deliver the Smart Works Charity seNce In Iheir area. At the core of our seNce is a ￿hoUr Intemew Dressing and PreparatIC￿ app)intment. during which each woman rec￿Ve5 a ¢omplgte ouffit ol high-qualrty dolhes and accessories lthwr5 to keep) and taik)red one4wn¢ interyiew coaching. This deceptivety simpk. short iniervents.on has a &gnificant impad as tyjr cl￿nts start beliewng in iheii own ability to su￿e￿. Once they get the pb. we offer dients a Second Dre￿ft9 for more dothing, to provth a working wardrobe to see Ihem thrwgh to Iheir firsl pay cheq￿. In addilion to the c￿e service. ftjr Une￿￿0Ye11 WLvnen who have not yet secured a job interview, we deliver lxreer coaching sessions to offer support and sknlls to gain inteNiews. This may be artyJnd CV preparnbon, job application andlor sectorlroles thal match their skills_ This aspect of sernce has seen high growth in recent years as the job markel has b8come rnore difficutt. As part of Ihe Smart Works Gr￿jp. oJr strategic foojs is to dtlNer our core dressing and inteNew coaching se1¥￿e to the best P055it4e standard aLYoss Ihe UK and to lake it to more hxatKJns so thal any woman who needs our support can come to Smart Work5. In the face of the cost-of4iving ￿$1$. the value of securing a job h35 never b￿n greater. Our support is needed ntwrf more than ever. This yÈar the Smart Works Group ctsmWeted our three-year plan, which set a largel of ￿athing lo.(￿￿ V•omen w year, as tell as enhancing other aspects of our seNKe delivery. Key impact data lor Srnart Works Grtyjp is as folows". 10.683 women svFported in 2024r25 athe 12 centre5 deliverin9 ser¥Kes aryoss the UK . 67% of dients secure a Jctj %%ilhin ffKJnth of the* apFLiintment 94% report increased confidence after eng￿ing ￿ Smart Wths 56% of our dients are from an etkmic mIn￿lty background 16% of our dienls have a di5abdty 49% of our dients art parenls 59% of our dients a￿ age 2549 Our key performance indicators are Ihe number of wcmnen that we help, and th& proport￿ of those women secure employment afier their visil to a Smart Wryks r£ntre.

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 2. AchSevements and Perfomance Hlghllghts Srnart Works (Greater Manchester) is incxedibly of ¥that has been athieved in its 10th year. C￿eral, Srnart Woths {Greater Manthe5terl has.. Helped 1,001 unifwe benefiu"aries on th•r j(uney to empbymenL an(1 delivered 1.242 tt)tal appointments. Delive￿ 758 Intsryiew Dressm￿ & Pryation arvjintments to unnwby¢d women wilh serjjred job inlerviews. Dèlivered 285 career coachiThJ a[vi￿lI￿nts lo to llp Ihem make tsngible ste towards seoJring an interview. Been grateful lor the sJJpFKJrt of over 50 ¥ohmteers and 8 menknrs of staff ￿ delNering the serv￿e. 67% tsfihe wunen we helped beth a job inteThivw wred emF4oyment within a month oflheir visit. Continued to reach women vtho face ggnffjcant barriers to secuiing emploY￿nI. Smart W0￿S clients are mostly lon￿ter￿ unemployed and have experienced ￿peated reje¢lions from rnuity'ple Jobs.. . 50°A have beèn rejected Irom ovef 20 jobs. 30% have been rejected from (trver So jobs, . 42% have been unempbyed for over a year and 14% have been vnemployed lor over 5 years. The majority are frorn (￿mUni￿eS facing mulb.pje barFier5 trj gainiNJ employTn¢nL . 28% a￿ lone pawts. 19% have a dIsab￿lty and . 50% are from an ethnic min¢xty. In A4)ri12022, Smart Woths IGreattrr Manthesler) began tr fwst yar ol an amlyiwAts 3 Y•ar Plan as part of the Smart Werks Group in res[x￿Se to a svjnfficant increase in need for our seMce5 and to suptx)rt Smart Works nationally ￿3£￿ and SUPKM)rt 10.000 unemployed ryJmen by 31 Marth 2025. The airn of Smart Works (Greater Manchester) was to hdp ovèr 1.Crf)O women each ye¥ across Greater anchester and Ihe surrounding aw. ensuring Ihat at least 65% of ￿th interviews go ￿ to gel the job. During this period Smart Works {Greater Marthesterl wrd a 5ecA)nd centre in Manchèster aty Centre lo operate alongside the original Stockport Centre, enabfing serwces lo be rtv)re ta￿lY be accessed by unemployed women living right across G￿ater Manchester ia 0 Single transport joumey. We are delighted that these aims We￿ successfvty achved and." Our ￿treach activitie5 were partICu￿rty SU￿eSSfrll Ihroughout Ihe year. We increased our oulreach team and recruited new Wlty based outreach y￿￿ntee￿ who jobs fairs and employability events acr05S the region. With lun¢Jing from GMCA SUp￿led by 8ury Council we ¥￿e able to recruit an outreach assistant based in the twjugh of Bury and Ih15 focus helped rn¢yÈ than ￿ts￿d the dnt releffals from the area. We are ¢JelHJhled that the funder has confirmed their apweuat￿ ofthis Pfqecl and has extended its funding Ihrwgh 2025 . We were delighted to receive MrfliC￿al￿ Street Lottery FurKJing of £40k awarded ty Postcode Community Trust and raised by players of People's Post￿le Lotlery. . We aLso le￿1¥e￿ project grants from Forever Manchester 6rwJht Fuiure5 and 8uikJin9 Brighter Futyres EMR 2024 to help us find and SVPFQrt youn9er *wen. LhJrirrfJ the year 25% 01 the wO￿n we $upported were under 25 and 8% under 19.

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our partnership with the AY Ben Fu￿re$ Fwndation was celebrate(I winning "Partnership aThJ COl￿boration. Award at the 2024 Spirit of Manthester Awards. The partnership has be•n r•newed lor 2 mc¥e years securing lurther dcmat)ns acbvibe5 to 31 Deremb8r 2026. Our regional relail and brand relatimships contsnued to grow frf￿ strenglh lo strength wilh high vdurne donations of size4ndusive wortwear clothing. handbag5 and shoes frorn N.8rown Group IJD William$ and Simpty 81 and Sosandar, akngside rnaiof donab.ons of hugety p<yular dothing to unde￿n our Mu￿"ple Pop Up Fashion Sales from key Manchesierased brarKls Nath"He M8rabi. A4Janola and 4th& Reckless. 3. Flnao)cial rwitht Results for the year Toial incorne for th¢ y¢ar 15 £380,481 12024 £288.3471 and tolal expendiiure is £375,814 12024 £327.8121 rwlting in net income of £4,66712024 net ewditure of £39.4651. There 15 a 32°h In¢￿aSe in overall inc￿¢ whu indudes tsNesincted ￿c(The of £210,718 and Testricled income of £169,763. Grants and donatKJns provide 76%12024 75%) of ow tcrtal in()xne and fundraisiThJ evenls including faSh1c￿ sales raised 23%12024 24%). Fundraising highlights indvde-. £71k raised via The Big GNe ClThlrnas 2024 and The &"g Give Women and Girts Fund Campaigns whK included donalxjns from our supr•yiers which We￿ Ihrough maiched funding frorn The Big GNe Twsl, AJ Bell Futures FtyJndatK)n and Julia Rausin9 TrusL Our fI￿t Popup Shop in kn.ng Street Manthester raised £25k and togelher anolher successful Pop-up Sale in Stotkport and otherlundraising events wth our valued sUpp￿terS conlributed to a total of £87k. . Local cornpanies continue lo wek4YTP SUPFKJrL wo¥idirrfJ thanrial d(Yotions owed wilh rnany houts of volunteering. Key ￿￿tri￿JtOts thts ye indude AJ B¢ll, Avison Young. Timetasbc. Ingeus and Simple Lrfe Homes. Wt apprnaale the SUPFhNt of all Ihe many indNidua15. C4ynpanies and grant woviders have 5VPkX)rted u5 during the year. SOURCES OF INCOME •2025 8 2024 GRAFITS FufiDRA151116 E¥Ef¢TS CORPORATE AND IIIDIVIDUAL DONA TION5 OTHER

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Total expenditure fcrf the perirAI was £375,814 15 a 14.6% ir￿ease frcrfn last yèar. Our costs are mainly for staff. Kmnises and dir•ct ditnt semce eosts %thith together makè up 84%12024 73%) of our tsverall expenditwe. The inuease in expenditure in the year is mainly due lo additbonal staff costs as our stsff team inueased frorn 6 tts 7.4 FTE over thè year. In 2024 we h•J addit￿31 off tJJsts related to th? opening of our new Manchester centre. EXPfPIOITURE 2025 • 2024 -iJ STAFF PREMises OTHER DIRECT SUPPOAT &AOIAIII SUIIORAISIMG MAIICH ESTEA SET VP COSTS At 31 March Z025 our free reserves are £161,045 12024 £142.227}. The inuease anses from the net re￿ase ol £22.000 of designated ￿SeThe$ less the srnall ￿n￿S￿1cted defiot in the year of £3.182. The net ￿lease of designated lunds cornpn5es the release of £52.0(Kl 7thith had been set asKle in 2022 for our 3 year grO%￿h plan to help over 1.000 women per year by 31 Marth 2025, nei of £30,000 of reseryes fr(fft the millionai￿ Street Lottery lund5 re￿1¥8￿ in the year and thich have been sel aside lo fvnd ThJ￿r￿J costs relab'ry our StcMFYt centre during 2025. Inv•stment Policy The Trustees, hamng regard to the IKJiwdity requirerrnts of operatirMJ the Charity and to th¢ reserve$ polw. ha operated a policy keeping available lunds in inte￿SI￿an.ng ￿e￿slI xcwnt& R8sor¥g5 PgIF¢y The Tnjstees have consvjered the requirement ts free rtserves. i.e. those unreslricted funds not designated fer specific purpose or otherwise committed. It has been detemyned thaL given the nature of the tharity's work, the level of free reserves 5houkJ equivalent to 3 to 6 months of annual expendiiure. Thi5 proviiJe5 suffioenl flextbility lo cover any temporary shortfall in incA)me and *FII allow the charity to cnpe respond immedialely to a reasonable range of unforeseen adverse arwmstance5 prior to speofic ￿MediaTr plans being irnFlemented. The Iree resesves of £161.045 ffl¢¢ts this requirement. 4. Slrneturn. Governance and IAanwJefflenl Governavtce Smart Works (Greater Manchester) and ils Trustees are bouThJ by the Memorandurn arKI Artides of A550ciation. The names of the Trustees %tho seNed during the period are Set out in the Legal and AdministratNe Inforrnatson section. Smart Works Charty 15 the sole membef of Srnart Work5 (Greater Manche5terl. Smart Works (G￿ater Manchester) has been granted a license to operate by Smart Wcxks Charity and it has the same objectives ?nd wrni18r a¢tN￿'eS 8S the parent comp8ny.

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also Ihe direcl¢Ns foi Ihe purpose of cThwny law, WIKI swved during the year and up to the date of sgnature of the financial statements We￿.. Janette Icetc Alis{￿ Lever Sarah Bateman Sarnantha Reed Kay Truelove-Bwratt Susan Weighell Elsa Zekeng Helen Rendlg Natasha Gada Emma Pickenng Chloe Smith Helen Spenc? Etua Uke IResvJned 16 Juty 20241 (Resigr￿d 31 March 20251 {Re￿9￿d 16 Juty 20241 {Appointed 8 May 2024) IAppointed 24 July 20241 (APp￿nted 24 Juty 20241 (App￿nted 31 Juty 20251 (Arwnied 15 Seplember 20251 I￿￿ted 27 0(Xober 20251 RevuibTrnt and AppDintment of new Trusta•s R￿Ul¥r rewew5 We undertaken to assess the skilLs of the rAl￿ent Trustees and identify any areas for s￿ngthenIng. New Twstees are appointed by the e￿511r9 Trustees arwj Ihey appointment is approved by the Smart Work5 Chartty Board. Induction and Training of n•wTYustse$ Follcwing our lormal and open ￿[￿Ul1menl priKess. rw Trustees are Fwovtded wih an inductK)n to familiari¥e themselves with the tharily and with the not-lor profft sectrs. They are tiefed on their responsibilities by the existing Tru¥ees and each Trustee has a dear understsnding of the expectatlOn5 of iheir spetjfie role. New Trustees are also releThed to the Charity commi￿0￿.5 9LMde Es58nlial TrLtstee'. Smart Works Charity sha￿S a Trustee Welcome Pad( vAth all Smart wo￿5 Trustees when they i￿n the charity, $8tting out roles, respon5ibililw and Ihe slNcture of Smart Works Ix)th thally and natiL¥￿IY. These res(xJrces availat4e under the dedicated Trustee section of internal p(xtsl to￿$ and resources along w7th other useful guides and videos. Trustees also undertake tra.ning as part ol their iole. by example in on the Smart Works Equity, Dwerw and Indusion Fdicy. Organlsatitinal Strueture and D￿1511)n￿l￿kX The Trustees rewew and approve ￿1 policies. and I￿￿¥ a strategy set tn the business plan, in line vlth the wmler strategy sel by Srnart Works Charity. The Trustees meet al least quartety throughout the year and will have an annual session to update and revise the Strategy. Management The day-to-day management ol Smart W¢yks (Grealer Mancheslerl t5 undertaken by Ihe Head of Smart Works (Grealer Manthe51erl and overneen by the Chair and Board of Tru51ees. Resour¢e5. infrastructure and supporl 15 prowded by Smart Charity w finance. peopl8. Partne￿Ips. operatsons and communtstions. Pay Pollcy for Key Manag•m•nt P•wnn•l l Twslees give their tsme free￿ and no Tntstee ￿1ve￿ remunerati￿ in trbe yew. The pay of stall is rewewed annually. The Tryslee5 benthmark pay agai￿1 pay leve15 in other sirnilarly sized d)arihes and other Smart Wrffjks c￿tres. Risk Manag•m•nt The Trustees regularfy rewiew the m4c risks to the chanty is exp05&1, in partswlar those relaling to governance. operations. finance, HR, c(Mnpliance and exlemal factors. Smart Wcks (Greater Manchester) maintains a risk regi51er that is le￿wed by Ihe board on a regui3r basis.

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Relationships with Related P•rtles Smart WL¥ks Chanty is the sole rnemter of Smwi Works (Greater Manchester). Polieitts Policies for all relevant a￿a$ are maintained by Smart Works ChaTty, irduding Safeguar¢ing Vulnerable Adults. Safeguarding Children, Anti-Bribery and Fraud. Anti-H3ra5srnent & BU1￿"n9. Cornpass￿n8te Leave. Complaints, Conflict of Interest. Data Proled).(￿, Disoph"nary. En￿￿￿Mental. Equalty. Flexible Working. Gripvance. Health & Safety. Lone Working, K4aternty. Patemity. Parental Leave. Privacy. Redundanry. Risk Marogement, Shared Parental Leave, Sickness Absence & capa￿.1￿. Travel & Expertses Whisueblowng. A Slaff Handtr￿k is made available to staff and indude5 a summary of all these W￿10t$. Volunt•er5 The Trustaes afe gratelul for the invaluable conffit￿1k￿ of those give thr time volunlarty lo deliver aLYOSS foles in dressing, coaching. war(JrobE management. arjmini5tr3ts.on outreach. We have over 50 active volunteets a very hvJh retentton rale and an ongcAng reuuitmenl wocess to brA5ter numbers. Our volunteer5 are on• of our g￿atest assets, Ihey are all totslty dedicated and ￿3Y an etKIM￿us ro￿ in delivering our dressing and coaching seNces. Publlc 8enefft The Tvustees have abxl complied wmh the guidance contained in ihe Chwity Commisswjn s general guidan( on putrAic benefits when reviewng our aims and objectives and in planning our fvture activities. (Xjr achievernernts above demonslrate how we have fulfiuèd Ihis cequiremenl during the year. In preparing this cepcrt. the Trustees have laken advantsge of the small crxmpanies eXeMpt￿n$ p￿Vided by SeL￿r￿ 415A of the ConKJanies Act 201%. S. Fulwe Plan$ Smart Work5 IGreater Manchesterl cdebrates its ienth anniversary in June 2025 aThJ in those years Ihe charity has supported ovev 5,500 unernpk)yed w(xnen in 10 years across the n(wthwest regK)n. Wrth over 32.¢XJO unemployed women boking for em￿OyMent across G￿ater Manchester Isource." GMCA LabcwJr Market Insight Pack Spring 20251. our services are needed more than ever. and the job market is worsening. %Mth our dients applyitNJ for 38 roles average In 2024, compared lo 22 in 2022. To 3th￿ve our crmbnued gro￿ aspirations, wt will.. Conbnue to find and supporl local unemployed auos5 the regM)n fvrther devekjpiry our nebvork of referrdl partners thfotryh (￿ganised ¢xJtreach wck in local communiiw. and ensuriro we create new referral partnerships to reach young wO￿n 116 10 25 year5 okjl WI￿ are th8 largest cohort within the 32,CW women Ic￿1n9 fLV •mployment acffjss Gr•ater Manchester Extend our lease In stockF￿ for a further 3 year5 to ensure we can conlintse io supwt unemF4oyed women in either of our Manthegter or Stockwt centres. or wrtually. Recruit additsonal vOlUn￿ets ￿ enable us to ilcfease Ihe number of apwintments we can provide, SUPPgrting over 1,21)) w(xnen in 2025126. . Focu5 on Ic¢al Partne￿h4}S and lundfassing to ¢l￿1￿Ut to rnise awrrn and galher Ihe necessary support to meel ow core costs. Ensure dI￿t wardrC￿e patherships a￿ mainlained and devekJF*d Socalty la$ well as nationalty leveraging support from Smart Works Charity) to enalAe us to provide size4ndusiv8 workwear to every dient. Participate in slakeholjer eThJagement in support of the"Gel GM Wrxkn'ng Plan" wthich is region's response to the government'5 commitment to the Get 8rtta¢n Working White Paper. and to posits.on Smart W0￿S (Greater Mancheslerl as a key partnei in Ihe fU1u￿ &eat¢r m￿￿eSte{ ernploymenl landscape.

SMART WORKS (GREATER MANCHESTER) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Wrth ￿r cenfres in Strtkpcrt and Manchester uty centre. coupled with our virtual seMc£. we now have the capaaly lo surwrt well over 1,000 wornen a year. ￿1¢h is key as the emptyment and skn'115 commissioning landscape across the ffjgK)n is set lo ¢hange vnthin the ¢ming 110 5 years. More bwadly, the new Smart Works Charity strategic ￿aTh is Iowsed the fdlown9 fNg ambit￿n5". Str•teii£ Ambili•n Reach rnore vKffnen We aspireto ensu￿ e¥ery ￿•Man who could benefft from Smart Works can access servi￿. We aim to be nats"onalty recO￿lSed as leath"Tra service for u￿Mployed women. We recLYdnise that ¥4ynen need diffErent kinds of sUp￿rt at different ints in their WOFi We will use rjw bt)ice to influence public di5CWf5e and pdiLy around wnM￿'S unÈmploymÈfit. We WOII build the infra5trvcture. ujlture. and fundirvd mdel needed for sustairoble growth. grcwndod in equltsble practi and conb"nuous i robment. A trusted.'eo td sernfjte For e￿ry womaTh at any stage Raise Qui voice Strèngthen our t0￿datIor Equlty. Dlverslty & Incluslon In June 2023, Smart Woths launched a new groJwide Equrty, DNetsty & Inthsion strategy. The stralegy set-out a framework for how all Srnart Works c£ntres will nurture a cuKU￿ of diversity and inclusivity. Over the last year, Smart Wurks ha5 delivered imp¥Ntant initiatives to progress thi5 th. Thi5 indudes trainin9 for staff. trustees and volunteers. demographic ¢Jala collection across ujr intemal community. and Ihe kunch of a Clwil Charryon programrne where former dients becune ambas5ador5 for ihe charity. We want Smart Works to be a FAaee where every￿* lee15 8cc8pt8d. valued and ab￿ to thwive - whether they ale stsff. volunteers. trustees. parlners. Supp￿1￿$. or wr dients. Smart WL¢ks (Greater Manchesierl is committed on 1mplemen￿'ng Ihi5 strategy Ictalty a￿1 creating a more indusive and equilat48 futu￿ for every member of the Srnart Work5 Ctmmunty. The Irustees. report vras approved by Ihe Board ofTnJstee$. nette Iceton halr is¢)n Lever Treasurer Oate.. 10 November 2025

SMART WORKS (GREATER MANCHESTER) INDEPENDENT EXAIIJINEFfs REPORT TO THE TRUSTEES OF SPAART WORKS (GREATER MANCHESTERI I repJrt 10 the trv5tees on my ex•rrnna1m￿ ot the Smjrt IGrn8ier MaTILllÈSter) lthe Chiiyl ftrihe yewelthd 31 2025. Re4poThbllitles and Ws ol F¥p￿t As the Irustee5 ol Ihe chorty dwedfM5 fw Ihe wrp)x¥ al ¢¢ryfyny kn). you arE resp￿ )r the prewa￿ ofthe f￿a￿Lia• 5ts1eThnb in a¢tudaTKe Vith the reqLMr•xents ofthe CL￿￿￿￿5 2008. Ha￿r$ 5a15fied ￿ty￿lhal I￿￿1￿ strfnts ol the ore rery¥ed to ty¢ audfted undtt Part 16 af Ihe CThnpanvd$Ad 2Q06 and are ebJtlB for INJEpendenl exalr￿tion. I report ￿ respect of ffly exam￿&1￿ ofthe financial caThie& wt uThJersethn 145 olthe Ch•riDesk12011. In out ewinatKJn i folbjwed the clve¢iw¥gi¥￿ ty Ihe urthrsocihjn 14515)(bl Clwth$Ac12Q11. InrfeptrrKl•rrt urninets Since fv chaliV8 gros$ Ir￿8 exrA•Jed £250.LThJJ. the Mldewndernexthwr Irwt btr ola hsleo in sethon 145 of fv elwibes fv4t 2DII. I confrni thal l •Tr ¢JFd ¢0 und¥l the exDThinatwJrt berwsÈ l am member DIICAEW. 4ith ia ofthe fvJted bodies. examinabon 9iwng rr¢ cause lo t¢l¢v¢ thal nwleri¥ respKL 2DJ6. the rwan0￿ 51aiements do wth amnmg of %ethon ￿ ol mè CLYnp•ni8s P 20￿ olhet than ary w￿￿rne￿I that f1w￿¥1 ststeffl?n15 9r¥e a bue ¥rvJ faw viyw. not 8 matief cfjn5hl￿ed as partofan Mide[w￿t e¥¥mffiab(m'. financial ststements We not been prepared wlh Ihe me0￿05 of the StstoM￿l ol RecorM￿d P￿the fry Ind rewbr¥ ty thani5 apWi(814p (o r8n1￿$ Fleparty their finKi¥I SWerrthts MI acco￿￿ xith Re9odry Stahd•rf apWt•b #i the UK and RepuWi¢ ot lie IFRS 1021. I have no ¢oneem5 and aave corne aL¥D55 no matkn the VAariDalvJn 10 ￿¥th ¥uenlo) should be in this regNi￿ ro wablea olthe siaiemenis to be ￿•thed. GPC G•ry Pveady FCA Flrsi Fltsttr. Path Central I￿41 Parf4 End Street Af¢*d QXI 1JD

SMART WORKS (GREATER MANCHESTER) STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted R￿trICted funds funds 2025 2025 Total UM•strict•d R•strict•d fvnd$ funds 2024 2024 T¢>tal 2025 2024 Not Income •nd endowments from: Donations and legacies Other trading adivrtses OthLY income 119,348 86.933 4.437 169.763 289.111 86.933 4.437 74,753 70,573 4,025 138.996 213,749 70.573 4,025 Total io)com• 210.718 169.763 380,481 149,351 138,996 288,347 Expendltuwe on: Raising funds Charitsue actiwtses 5.616 208,284 5.616 370.198 12,039 132,058 12,039 315.773 161.914 183,715 Total •xp•ndlture 213.91x1 161.914 375.814 144.097 183,715 327,812 Net I￿Orne1(eXPendOtU1èI and movemgnt in funds 13.1821 7,849 4.667 (44,7191 139.4651 Reconciliation of fvnds.. Fund baL8nces at 1 Apn"12024 194,227 43.959 238.186 188.973 88.678 277.651 Fund b•lanc¢s al 31 Ilar¢b 2025 191.045 51.808 242.853 194.227 43.959 238.186 The statement of fin￿￿al actmties indudes al gains ￿KIlOSseS Teojgnised in Ihe year. All income and expenditure deriv? from cwtinuing actiwties. The notes on page$ 11 10 22 fomi part Lrfthese financial stateM￿ts.

SMART WORKS (GREATER MANCHESTER) BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Fixed assets Tangible assets 13 13.939 18.$86 CU￿nt ass•ts Stocks Oebtors ash at bank and in hand 14 1S 21,809 19.124 210.471 21.624 20,596 225.427 251,404 267.647 Cre¢kn: am¢)unts falling due wilhin one y￿r (22.4901 148.0471 Nel cwrent assèts 228,914 219,600 Total assets less Cyr￿n¢ Ilabilities 242.853 238,186 Income funds Restricted funds nTesthctet1 funds Designated funds General unrestr￿ed funds 51.808 43,959 19 30.000 161.045 52.OC4J 142.227 191.045 194,227 242,853 238,186 The company is enD'led lo the exemption from the rwwrefflent cOn￿'ned ￿ Sect￿ 477 of Ihe Companies Act 2006. for the year ended 31 Ma￿h 202S. The ¢J1￿Cto￿$ acknowledge their resp)n￿￿4.1￿.eS for cOm￿Y1r￿j wilh the rewirèments of the Ceffjpanies Act 2006 with ￿SpeCt to accounb.ng re¢cKds and the p￿parats"L￿ of rman0￿ statem&)ts. The members have not required the company to obtain an audrt of its filla￿￿ state￿nts for the year ￿ question in acwrd8nce with section 476. These financial statements have betr) pryyared ￿ acrLYdartt the F¥ovtsi(ms aFyl'cabkn to cornpaThes subject to the small o)mpanies wime. The financial statements W*fe approved by the Tntstees on 10 Nov8mber 2025 Ja ette le¢ton stee Alis￿ Lever TNstee Company registration nwiber 09425123 10-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charity information Smart W(Mks {G￿ater Manchester) B a charilatk company by guaranlee and incryporated in England and Wales. The registered office is MeNor House. Wl St Petersgate. StrKkrMyI. SK1 IDH. 1.1 Aetounting ¢onv•ntion Th? finanoal statemènts have been yepared in a¢xordance with the charitys goveming dwjment, the Cornpanies Act 2W6, FRS 102 Tr Financial Reporting Stanrjard ap[lUb￿ in the UK and Republic of Ireland. I"FRS 102.1 and the Charrbe5 SORP "Ac(JuntirJ and Repo￿.ng by Charities.. Statement of Rerx)mmended Practice applicable to tharibes preparing Ih8ir accounts in accordance with the Financial Reportrng Standard appliCa￿e in the UK and RepU￿1C of Ireland IFRS 1021" leffect¢ve 1 January 20191. The charty is a Publ￿ Berefit Enbty as defined by FRS 102. The chalty h35 kken advantage of provisions in Ihe SORP for dHrib•s not to prepare a Statement of Cash Flows. The financial statem￿ts are ￿epa￿ in stethng, which is the fun¢thonal cuNency of the tharity. Monetsry amounts in these financial statements are rounded to Ihe nearest £. Thè finanaal statements have been tffepared urkler the histon.cal cosl Convent￿ for certain finanrial instrumenls at fwr value. The rrrincapal a¢¢￿￿nting ￿￿￿e$ ipted a￿ set t￿1 below. 1.2 Gtyng ¢on¢¢rn At the time of 8provin9 the finanrAal statements, the trustee5 have a reasonab18 expectation that the charity has adequatè resources to cc)Iir¥Je in operaiwal eNisience for the foreseeable futu￿. Thu5 the trustees continue to adopt the gcmng Conc￿ ba￿S of acrAwntirwJ in preparing the fin￿￿81 statements. 1.3 Charitable fvnds Unrestricted funds are available al the di5ueti(m of the Iwslees in fvrlher8nc8 d their charilable objects"ves. Restricted funds are subject to speafic condit￿$ by donor5 or grantrJr5 as to htsw ihey may be use¢J. The purpose5 and use5 L4 Ihè restricted funds are sel in the rK)t•s to the finanoal ststements. 1A Incom• Incc¥ne is recgJnised Ihe charity 15 legal￿ 8nbled tt> il after any Perform￿ce corKl1tKX￿ hav• been meL the anounts can be rr￿s￿led ￿lIatI￿, and it is wobatle that )come be received. Cash d￿atIOnS are reojgnised on receipt. Other donations are ￿COgnised the tharity has been notified of the (knal￿)n. unless perfonnance ¢(￿rtIOnS require defeThal of Ihe amount. Income tsx reryjvgrable Telatscfft to (k)nab"Ms received under GfftAJ"d or deed5 of covenant is re(x)gni5ed at the b.me ol the donation. Donated slcKk for drewng dienls 1$ reLx)yrused ￿ Ihe finanoal slatements when the gcod$ 4re rge•ived by the tharity and their value can be measured v•ith reasonable accuracy. The value placed on these resoJrces Is their vahje to the charrty. The tnjstees consider r( imprath.cal to Measu￿ the value ol vdunteer help and cOnsequen￿y. as perniitted by the SORP. their value is not recogntsed in the fbnancial statements but i5 described in the Iwstee5' annual re

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecounting policteg Icontlnued) 1.5 Expenditure Expenditure is recognised once there is a legal or con5trudive o￿lgallOn to transfer economic benefit lo third party, it is probable that a transfer of econrmnic benefits will be reqvired in settlement. and the amwnt of the otAigaiion can ThEa5ured reliatly. Expenditure is ck8ssified by actiwty. The costs of each acliwty a￿ made up of the total of direct costs and sha￿d costs, including 5UPFOrt Costs in¥olved in undertakin9 each athvrty. Direci costs attribulable to a single activity are allocated directly to thal actiwty. Shared costs vA)ich contribute to m¢ye than ￿e activity and support Costs which are not attributable to a S￿￿e actiwty are apwliw8d between those activities on a basis consistent the use of resources. 1.6 Tanglbl• fixed assets Assets are capitalised il they caTr be used for more than cffie year and cost at least £1,thJO. Tangible fixed assets are stated al cost less ¢JeWeCiati¢￿. Depreciation ha5 been promded at Ihe f￿￿*￿'n9 rates in ryder to write off Ihe assets. le55 their estimated residual vahje, over their e5bmated useful e¢￿orniC lives". Leasehold improvements Office Equiprnenl 5 year Straight Line Basr5 30% on a Straighl Line Basis The gain or loss aiising on Ihe disrrtBal of an asset is delemtned as ihe dfflerence between Ihe sale proceeds and the carrying vaue of the a55et. and is recognised in Ihe stslement of finan(Jal aCti￿leS. 1.7 Impalrnwnt of fix•d ass•ts At each ￿p0￿"n9 end dat8. ¢h8 charty reviews Ihè cawrying amounts of its langible assets to deiemiine whether the￿ is any Indicati￿ thal Ihose assels have suffererj an impalmi￿1 loss. If any such indication exists, the recoverab￿ amount of the asset is e5ts"maled in order to dèterrn1￿ the extent of the impairrnent loss lil any). 1A Stocks The cost of donated dressing distnbulion to benèffi(ikns is ¥alL￿d at lair value, which has be estimated by the trustees. 1.9 Cash and cash •quiVa￿￿￿ Cash and cash equiva￿nIs i￿lUde cash in hand. dewgts W at cal wih banks. 0￿r sl￿-teM liquid investrnents with original maturities of three monlhs or less, and bank o¥erdrafts. Bank overdrafts are shown thin borrowings In CU￿ent liabil￿"￿$. 1.10 Employee benefits The cost of any unused hc4Klay entillem￿l is in the P8nLxI in whith the empkjyee's Ser¥￿e$ are received. Terrnination benefits a￿ recognised Immed￿le￿ as an expense vthen the tharity 15 derTX)nSIrab￿ cornmitted to ts￿l￿al8 the employment of an efflployee or to provth terminalt￿ ben8fitS. 1.11 Retirernent benefils Payments to defined contribu11￿) ￿l￿ement ￿nerrt sthemes are £hwged as an expense as they fall due. 12-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCM 2025 Crfucal accountlng •siimat•s andjudgements In the application of the tharitys accounbng Fdiryes. the tnjstees a￿ required to make judgements, eslimates and assumptions about the taryin9 amwnt of assets and liabililiès thai arè readily appareni from other sources. The eslimates and asswated assumpticxts are based on historical experience and other factors thal a￿ considered to be relevant. Actual resutts may differ from these estimates. Th• esb"mates and underfying as5umptson5 are ￿e￿8W8d on an Ong￿￿9 ba&s. R•¥isions to accounting estimates are iecognised in the period in ￿1th the estimale is wised wthere the wision affects only that period, or ￿ the penod of the rew$￿ and futu￿ FericMJs ¥hve the revlsion affeGts both rAArrent and fulure P8ri0ds. The trustees cor6ider deweaatKm to be Ihe main ac￿Untir*j eStirr￿le. Oonations Tot•1 Unrestri¢ted Restricled nds funds Tot•1 lunds 202$ 202S 2025 2024 2024 2024 Donations and gifts Grants Donated goods and services 59.001 81.777 127.964 132,162 28.900 85.960 87,763 101.850 50.385 15.8Y) 28.985 28.985 24.136 24,136 119.348 169.763 289.111 74,753 138.996 213,749 Income from other trddlng actl¥lJes Unvpstricted Unre5trieted fvnds funds 2025 2024 FUndrai￿n9 events Othw income 65,766 21,167 40,670 29,903 Other trading activities 86.933 70,573 Other incom? UnrestrScted Unrestrfcted lunds lunds 2025 2024 Inte￿$t Received 4.437 4,025 13-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ralsing funds Unrn5trfcted Unrestrlcted funds funds 2025 2024 Fundraising r4)sts 5.616 12.039 5,616 12,039 Charilable activities Charliable Charitable expendrture Ex￿ndhur¢ 2025 2024 Staff ¢xJsls Depreciabon and impairment Premises related dir￿ expendiiure Olher direet expen(*iure Administrative costs Manchester Cen￿ set-up costs 212.175 4.647 74,597 41,718 12,160 159,453 4.646 73,606 34.599 7.966 19.837 345.29T 300.107 Share of 511FPOrt costs (see nole 81 Share ofgovemance costs (see rth 8) 24,032 14,818 370,198 315,773 Analysls by lund Unrestricted funds Restrthd funds 208,284 161,914 132,058 183.715 370,198 315,773 14-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Support costs all￿41¢￿ to athtle¥ 2025 2024 Staff costs Premrses ￿ated support costs Administrative supp)rt ¢tssts Govemance costs 21.193 2,174 665 869 13.209 1,291 318 24.WJ1 15.666 Anatysed between: Charitsb￿ activities 24.gjl 15,666 Govemanee costs irtludes payments ￿ the independent examiners of £700 + VAT {2024.. £6501 for lTraepen¢Jent Examinatr"on fees. The lee lor the accounts preparab.￿ of £1.750 + VAT 12024.. £1,600 + VAT) due to Ihe independent examiners is bw'ng paid for by the parenl charity. Net movement in funds 2025 2024 The nel movemenl in fvnts is stated after tharyingl{csedrtwigl: Depreciation olowned langibk fixed assets 4.647 4.646 10 Trustees None of the tnjstees lor any Fersons ￿nnected them) recepied ￿Y remurwation ry benefrts frorn the ¢harity during Ihe year {2024: Nill. 11 Employ• The averag? M￿1hty number ofemF4oyees Ihe year was.. 2025 Number 2024 Numb•r Employment costs 2025 2024 Wage5 and salaries Social security costs Other pension costs 208,908 19,834 4,626 1 Sg.651 9,615 3.396 233.368 172,662 15-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees (Continued) There were no employees an￿al rernunerat￿ WAS m￿e than £60.OCrf) {2024.' none). Remuner•tion ol key rnanagement personnel The renvjneratiw of key management perscffinel was a5 folkiv6'. 2025 2024 Aggregate compensab.on 50.899 48.645 Under the terms of the Chanties SORP, the trustees wyl the Head of Smart Wc*s (G￿ter Mancheslerl are rerA)9nised as key management r￿sOnnel. The aggregale employee benefits linduding employer penwon National Insurance c￿triblrtIonsI received by Ihe key management pe￿ne1 are shoTr above. 12 Taxatlon The Charty is exempt frorn tsx on ir￿rne and gains fallin9 wilhin section SOS of the Taxes Acl 1988 section 252 of the Taxats"on of Chargeable Gains Act 1992 to the ethnt that Ihese are appbed to its tharitabk objects. 13 Tangible fixed a55ets Total lJhd and Iwlldln Egulwn• At 1 April 2024 23.232 1.805 25,037 At 31 March 2025 23.232 1,805 25,037 Deprnciation irnyirm•nl Ai 1 Awl 2024 Depreciation charged in the year 4,646 4.647 1.805 6.451 4.647 At31 Marth 2025 9,293 1,805 11.098 Carylng arnount At 31 March 2025 13.939 13.939 At 31 March 2024 18,586 14 Stocks 2025 2024 Oressing stctk 21,8D9 21.624 16.

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Oebtors 2025 2024 Amounts lallong due wlthln t￿ yw. Trade debtry5 P￿payMents accrued inc£￿e 500 18.624 20,596 19.124 20,596 16 Credltors.. amounts falllng du• wthln on• y•ar 2025 2024 Olher taxation and scoal soojrity Amounis due to parent charity other Creditor5 Accruals and deferred 5.211 3.787 30,000 5.096 9,164 2.404 14.B75 22.490 48,047 The amounl owed lo Smart Wths Charity 15 an a￿￿11 wkn'th was pakj into the bank accounl of Smart Works (Greater Manchesterl al the end of the accounting period but wa5 a donaiKm for the benefit of Smart Work Charity and was pa￿ io Smari Works Charity earty in April 2024. 17 R•tlrom•nt hnefft schemes 2025 2024 D•fined eontribution seh•mes Charge to wofil or loss in respect of tlefined contritrMJtion sthemes 4,626 3.396 The charity operates a defined ￿￿tribU1￿￿¥ pens￿ 5thme for all qualrfyng employees. assets of Ihe scherne are held separatety from those ol Ihe charrty in an indewvjenty admi￿lstered fund. The charge lo profrt Ix loss in respect ￿der￿ed cwtritrAJtion schen*s was £4.626 (2024.. £3.3961. 17.

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restrict¢d lund$ The resliicted funds of the thanty ojmw.se the unexpended baknees of d￿￿tiOnS and 9rnnts held on trust subjeci to SpeUr￿ conditior6 by skncrfs as to how they may be used. At 1 April 2024 Incoming resources Resources At 31 Mareh expended 2025 Dressing st(￿k Fomer Manchester 8ri9ht F￿ule5 Building Brighter Futures EMR 2024 Great Places Communty Fund GMCA Communty Fund One Manchester Community FuTh1 Avison Young The Florence Foundation The Big Give Christm35 Challenge 2024 The Big Give Wornen & Gids Smart Works Charity18ank ofAmerica) Smart Works Charity (National Lottery) The CIDthwowkers FouThJai 21.624 28.985 128.8001 15.0001 {10.0001 13,7501 116.5871 13.5551 (4.1661 15,0001 {45.0001 {19.3001 19.6301 16.4801 14,6461 21.809 10.(MJO 3.750 16,$87 7.115 16.666 3.560 12.500 45,C 19.3(>J 9.630 18, 13.939 43.959 169.763 161,914 51.808 •v5ous year: At 1 Aprfl Incomlng Re$our¢?$ At 31 March 2023 vesourc expended 2024 Dressing St￿k Stockport Spend Well Live Well Equans Communty FuThJ Great Places Cc*nmvrMty F￿d The Big Groups Social Prescribing Fund Smart Wofks Charity (Bank ofAmerical Smart Works Charity INatK)nal Lottery) The 819 Gw8 Christmas Chalknge Mancheslor Guardian Charita￿e Trust Smart Works Charity New Centre Fund Ford Britain TnJst Pete¥ Kershaw Trt￿t The Clotlhvorkers Foundab"L 21.608 24,136 s.￿0 2.rxio (24.1201 1S,0(NJl 12,OtKIi 11,2501 13.0001 {14.0201 18.6401 1106,0701 11.0001 {10,0001 11.5001 12.0001 15.1151 21.624 3,750 14,020 8.640 56,070 10.000 1.500 2.C#)O 23.700 18.585 88.678 138,996 1183.7151 43,959 16-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds {Conllnu•dl The balance on restricted fund5 represents the unexpended ports.on of knding recwved vthith wll be turnable to Ihe Ivnder if noi vsed for Ihe rejevanl pr￿￿t. The D￿S￿n9 Sloeé fund rewe5erts donal1￿$ fecei¥ed I￿ the specific purpose of providing benefiuaries with dolhirvJ for interV￿_ The Forever Manchester BrwJhl Futyres arhl EMR Building Brighter Fulures funds a￿ for outreach projecls with young women. The Great Placès Communrty Fund. Ihe GMCA Community Fund and the One Manche￿er ComrThJnity Fur￿ all provide funding for core costs lor outreach AL)rk in speofic a￿aS of Greater Manchester. A¥ison Ywng w0v￿e5 furKling lor Manchesier outreath and clent ser￿1￿ ￿$ts. The Fb￿nCe Foundation. The Btg Give Womens & Girts Fund and The Big Give Chrislmas Chanenge 2024 all prowded fvnding core costs. Smart Works Charity Career Coaching (Ba￿ of Amwica) and Smart Woths Charity Career Coaching {Na￿.￿al Lottery Fund) gwts are fiJnding lowards core costs. The Clolhworkers FlYJndat￿ Grant is lunth.ng for the leasehold impTh•ments in the Manthester centre. The Stc¢kport Spend Well Live Well Fund, Pl￿$ for People Commun¢ty Fund. As5ur8 Community Fund. Gieat Aaces Community Fund, Equans Communty Fund and The Bwj Group Sooal Prescribing Fund all pro¥￿ed funding for c(Ye costs for ¢Jrtreath Yxk. The Big Give Christsnas Chalknge. Manchester Guardian Sooety Chaiitable TnJst Fund. the Smart Works Charity New Centre Fund, FNd 8ritsin TnJsL Peter Ke￿haW Tnjst are ￿ants towaTd5 preparing. lumisPMng and Nnning the new Manthester centre. 19-

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Designated funds The unreslnGted fvnds of Ihe Charily cLYrprise the unexpended balance5 of d￿atiOnS and grants whith are noi subject to speufic conditions by donols and granttrs as to how they may be used. These indude ¢Jewgn8ted ￿ndS which have been set asth out ol unreslricled hjnds by the trustees for specffjic purposes. l Aprfl 202J 1 1024 expErMled 31 MarGh 2025 Oesiwated Funds tr 3 year plan to support mtsre wornen across Greater Manch¢st?r Designaied funds to support more women in Stockport 103.(XKI (S1.￿0) 52.olyj 152.OCOI 30.000 30.000 103.rNx) (51.0001 S2.C 152.IXQ} 30.¢)00 30,000 During the year the Charity o)mpleted the final year of its 3 year plan to supwl more women aLYOSS Greater Manchester and ha$ tran5ferre(I some ofthe de￿gnated lunds which had been Set aside to support some ol the associaied addib'crfwl expe￿1￿1•. Ounng Ihe year the Charty received £40.1￿ from the MilhMaE Street Lottery. t30.(K(I was set aside to swport more women in St¢xpc¥t.

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 An•lysls of n•t assèts bèl¥M•n lunds unrestric￿ Oesignated Restrictsd fvnd$ funds htnd$ 202$ 2025 2025 T¢)t•l 2025 Fund balanr2s at 31 March 2025 are representad Tangible assets Net Current assets 13,939 37.869 13,939 228,914 161.045 161.045 30,000 51,808 242.853 UMstr￿ D•signat•d R•strlct•d nds funds funds 2024 2024 2024 Total 2024 Fund balances at 31 March 2024 a￿ represented by: Tangible assets Net Current assets 18,586 25.373 18,586 219,600 142.227 52,0 142.227 52.OfX) 43.959 238,186 21 Memb¢rs' Liobi141ios The Company is limrte(I by 9uarantee. The member of the ewipany undertakes to c￿lnbUte to the assets of the o)mp8ny, in the event of the sarne being up vthile they are a member. rx within one year after they cease to be a member, lor paymeni of the debts and liabilities of company o)ntracted before they ceased to be a member, and of the costs. charges and expense5 of wnding up such amount as may be ￿qUired not exceeding £1. At the balan￿ sheel date there was 1 member, Smart Works Charity. 22 Operating kase ¢ommitments Le5S•• Al the reporting end date the charity had wtstanding commrtments for future wmnimurn lease payrT￿ltS ￿der non-cancellable operab.ng lease5. ¥th"ch fail due as follows: 2025 2024 Within one year Between two and fNe years 59.241 37,625 61,068 46.088 96.866 107,156 OperatirwJ lease payTments in the yèar were £66.072 (2024: £65.9431. 21

SMART WORKS (GREATER MANCHESTER) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Related party tran$a¢lion5 During the year the charity recwved donab.tsns of £49,011 (2024". 32.6601 Irom Smart Works Charity, its immediate pa￿nt whth a￿ induded vithin Ihe results lorthe year. The charity recetved dI￿al[￿S of £4,212 {2024". £1.6501 fr(¥n Trustees. and reimbursed expenses of £262 12024.. £1021 to tsvo Tnjstees durin9 Ihe year. 24 Cantrol The parent ol the largest grwp in vthith Ihese finanoal statements are C￿S011dated is Smart Works Charity {Company numbef 03870671 and Charity Number lo8￿09) vtho is the sose mernber of Ihis charity. Smart Works Charity has Ihe same ￿nc￿31 athity as tharity. The address for Smart Works Charity is.. UTht 1. C8ncffitr￿ry Yard 202-208 New Nryth Road. Iskngton, London. England. N1 78J.

SMART WORKS (GREATER MANCHESTER) LEGAL AND ADMINISTRATIVE INFORMATION Janette Iceton Alison Lever Sarah Baleman Kay TruelovtrBaffatt Helen Rendle Natasha Gada Emma PiceriThJ Chloe Smith Hejgn Sp8nce Uke (Appcxnted 8 May 20241 {Appointed 24 July 20241 IAppointed 24 July 20241 (Appointed 31 July 20251 IAppoJ"nted 15 Septernber 20251 IApKrfnted 27 OrtrA)er 20251 Charity number (England and Wales) 1163594 Company number 09425123 Reglstored office Meifor Hwse 6541 St Pelersgate Stockwjrt Uniled ￿"ngd SK1 1DH O¢her Lo¢•lions Hclyoake House Hannover Stre•t Manthe$ter M60 OAS Independent examlner l>awta Audit Oxford LLP First Fbor, Path Cenlral 4041 P•k End Street OX1 1JD