Docusign Envelope ID: 0700235A-5FBB-481D-BA61-DB909CDE28EC ## **Frank Longford Charitable Trust Trustees Annual Report** charity for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Charity No. 1164701 (CIO) Working name: The Longford Trust ## **Trustees** The following trustees served during the year: Hannah Billington Lady Rachel Billington CJ Burge Alex Fletcher Victoria Greenwood Tim Kerr _(from June 2024)_ Pawel Kisielewski Kyle McIntosh _(from June 2024)_ Tom Pakenham (Chair) John Podmore Jon Snow Elliot Tyler _(from June 2024)_ ## **Honorary Treasurer** Gavin Francis ## **Accountants** 1 Accounts Online Limited The Epicentre, Enterprise Wy, Haverhill CB9 7LR Docusign Envelope ID: 0700235A-5FBB-481D-BA61-DB909CDE28EC ## **ACHIEVEMENTS AND PERFORMANCE** The summer of 2024 saw a record number of both expressions of interest in joining our scholarship programme for young serving and ex-prisoners, and of new Longford Scholarship awards made by the Longford Trust. The 220 requests we received was up substan�ally on 2023 thanks to our ongoing development work which includes going into prison educa�on departments to enthuse those near to release about the transforma�onal poten�al in their lives of a university degree. And the 35 awards we made was our highest total yet, meaning we were working in 2024 with a cohort of 102 scholars, including ongoing award-holders in years 2, 3 and some�mes 4 of their degrees, plus 23 Frank Award holders, young men and women, s�ll with lengthy sentences serve, keen to get going on remote degree-level learning with the Open University but unable to find any other sources of funding to cover the tui�on fees. Our Longford Scholarships support young serving and ex-prisoners to con�nue their rehabilita�on by going to university to study for degrees. We provide financial help, one-to-one mentoring by our trained volunteer mentors, plus employability guidance to ensure those Longford Scholars who graduate have the opportuni�es and openings, including work placements and internships, that ensure their hard-earned degrees win them graduate-level employment. We have been running this scholarship programme since 2005. It started on a very small scale of two awards that year. We have now worked with over 500 young men and women and con�nue to see around 85% of our award-holders going on to graduate, get degree-level jobs, build careers, homes, families. Fewer than 4% of Longford Scholars end up back in prison compared to the 50% plus in na�onal figures for the prison service. Figures ma�er, but not without humanity. We don’t always get it right – because we are human. And those who join our programme are some�mes not in the right place to seize their second chance, however much they try and we support them. But our hard-working office team, made up of six part-�me members (the equivalent of 3.5 full-�me staff), supported by our trustees, and most of all by our generous enlightened, humane donors, does everything it possibly can to enable it to happen. trusts, businesses and a small army of individuals who make small, medium and some�mes large gi�s to us, some�mes in the form of monthly or quarterly sums - has been constant and enabling in 2024. We have raised £696,283 (up on Docusign Envelope ID: 0700235A-5FBB-481D-BA61-DB909CDE28EC were boosted by a single one-off, large dona�on from a former scholar who is moving succeeding in their chosen career. They got back in touch and wanted to help us to help others wan�ng to walk the same path. stage at Church House, Westminster, on Monday November 11 to deliver our annual Longford Lecture. ‘People are o�en curious about prison and its stories but no one wishes to spend one day in prison,’ she began, as she reflected on what she had learned about prison during her nearly 1,800 days of cap�vity in the notorious Evin prison in Iran. Addressing an audience of 650, with a further 1,000 joining via a livestream, plus Na�onal Prison Radio broadcas�ng the event into every prison cell in the country, she spoke about her six-year ordeal: the trauma of solitary confinement; the overcrowded, dirty condi�ons; and the terrifying uncertainty of her imprisonment and pain of not being with her young child, who was si�ng in the audience listening to her mum’s lecture. Paying tribute to the unwavering tenacity of the women in Evin, Nazanin reminded those in charge of prisons that governments have a duty of care for prisoners as its ci�zens, an obliga�on to provide them with a path back. Speaking directly to those who were listening to her from prison cells, she tried to give them hope. ‘As someone who has been once in your shoes, it is devasta�ng to be away from your family, friends or home, but I want you to know that it will eventually end. Hold on to that thread and don’t despair. There is life there outside prison wai�ng for you. However hard some�mes, it is good to have a second chance.’ Her lecture can be watched on our website - _www.longfordtrust.org_ At the Longford Trust we are always striving to improve what we do and so increase the posi�ve outcomes for all our scholars. To that end, each year we carry out research about recipients of our Longford Scholarship awards to make sure that those who are successful broadly reflect the diversity of the prison popula�on. The headline figures for 2024 show that around 28% of those in prison come from global majority backgrounds, while 40% of our Longford Scholars do. While female prisoners account for around 4% of the total, in our 2024 cohort of award holders they are 20%. We also commission an independent evalua�on of our scholarship and mentoring programme in which all those involved in it are invited to rate its performance. Our evaluator reported in 2024 high levels of sa�sfac�on at the level and nature of the support what we provide. In his conclusion, the report’s author writes: ‘The analysis of scholar and mentor responses in my report reveals that those Docusign Envelope ID: 0700235A-5FBB-481D-BA61-DB909CDE28EC Longford Scholarship award-holders who receive mentoring as part of their award gain substan�al confidence, networking skills, and employability prospects.’ Our core scholarship programme took up just short of 80% of our expenditure in 2024 and it remains focused and dedicated on the goal of crea�ng role models of success for other young men and women in prison, for universi�es, for employers and for a public that is s�ll some�mes wary of the reality of rehabilita�on. In 2024, we established an ‘Ambassadors’ group from among our cohort of former scholars going forward in their lives and careers. A�er going through a training programme, they now represent and speak for the trust and its work on public pla�orms, including when we visit prison educa�on departments. A short film made by our Ambassadors, and shot by one of their number, now working as a film and TV director, is available to watch on the Home Page of our website. h�ps://www.longfordtrust.org/ The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce). The trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to ensure that the financial statements comply with the Chari�es Act 2011, the applicable Chari�es (Accounts and Reports) Regula�ons, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es. Signed on behalf of the charity's trustees Tom Pakenham Trustee 18-Aug-2025 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Charlt¥ No. 1164701 ICIOI Trustees. Report and Unaudited Accounts 31 December 2024 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Statement of Financial Activities for the year ended 31 December 2024 Unrèstrictèd Restritted Endowment funds Total funds Total funds funds funds 2024 2024 2024 2024 2023 Notes Income and endowments from.. Donations and legacies Charitable activities Investments 548,338 548,338 140,061 7,884 477,013 120,252 2,945 140,061 7,884 Total 147,945 548,338 696,283 600,210 Expenditure on: Raising funds Charitable activities Other 43,221 22,791 1,280 43,221 517,747 1,280 47,644 379,870 994 494,956 Total 67,292 494,956 562,248 428,508 Net gain5 on investments 3,849 3,849 6,866 Net Income 84,502 53,382 137,884 178,568 Transfers between funds Net income before other galnslllossesl 84,502 53,382 137,884 178,568 othèr gains and lossès Net movement in funds 84,502 53,382 137,884 178,568 Reconciliation of fund5: Total funds brought forward 37,507 229,610 308,122 575,239 396,671 Total funds carrled forward 122,009 282,992 308.122 713,123 575,239 Page I Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Balance Sheet at 31 December 2024 Charity No. 1164701 2024 2023 Fixèd assèts Investments li 160,715 160,715 156,866 156,866 Current assets Debtor5 12 575 Cash at bank and in hand 721,122 721.697 1111,2051 533,427 533,427 171,8321 Creditors: Amount falling due within one year 13 Net current assets 610,492 461,595 Total assets lèss currènt liabilities 771,207 618,461 Creditors: Amounts falling due after more than one year Net assets èxcludlng pènslon asset or Ilablllty 14 158,0841 713,123 143,2221 575,239 Total net assets 713,123 575,239 The funds of the charlty Restricted funds Endowment fund5 Restricted income funds 15 308,122 282,992 591,114 308,122 229,610 537,732 Unrestrlcted funds 15 General funds 111,294 30,641 111,294 30,641 Reserves Revaluation reserve 15 10,715 10,715 6,866 6,866 Total tunds 713.123 575,239 Approved by the trustees on 18-Aug-2025 And signed on their behalf by.. T. P3ken cgArcgD2ECF54A8 am Trustee Page 2 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts for the year ended 31 December 2024 l Accounting policies Basls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and th Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accountingl since last year 3nd no change5 have been made to accounts for previou5 years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objerts of the charitv. These are unrestricted fund5 earmarked by the trustees for particular purposes. These are unrestricted fund5 which include a revaluation reserve representing the restatement of investment assets at their market values. Designated funds Revaluation funds Restritted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of income Income is included in the Statement of Financial Activitie% ISOFAI when the charity becomes entitled to, and virtually certain to receive. the income and the amount of the income can be measured with sufficient reliabilitv. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts 8ift/donatioN to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably qu8ntifi8ble, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to Market value revaluation of fixed at the end of the year. assets legacies and facilities Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 3 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes 3ny VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income. fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable artivities services in the furtherance of its objects, including the making of grants and governance Costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory reqLJirement5 of the Charity, including any 3udit/independent examination fees, cost5 linked to the strategic management of the Charity, together with B share of other administration costs. Grants payable Governance costs Other expenditure These are support costs not allocated to a particular activitv. Taxation The charity is exempt from tax on its charitable artivities. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and rash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other credltors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provi5i0ns are normally recogni5ed at their settlement amount after Ilowing for any trade discounts due. Forei8n currencies Monetary assets and liabilities denominated in currencies Dther than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Page 4 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts Pension costs The charity operates a defined contribution p13N for its employee5. A defined contribution plan is a pension plan under which the charity pay5 fixed contribution5 into 3 separate entity. Once the contributions have been paid the charity has no further payments obli8ations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Rèceipt of donatèd goods, fatilities and sèrvites All donated goods. facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Ststement of Financial Artivities- prior year Unrestrlcted funds Restrlcted Endowment funds funds Total funds 2023 2023 2023 2023 Income and endowments from: Donations and legacies Charitable activities 327.013 150,000 477,013 120.252 2.945 120.252 2,945 Investments Total 123,197 327,013 150,000 600,210 Expenditure on: Raising funds Charitable activities 47,644 59,935 47.644 379,870 994 319,935 Other 994 Total 108,573 319,935 428,508 Net gains on investments 6,866 6,866 Net income 14.624 7,078 156.866 178.568 Net income before other gainslllossesl Other gains and losses.. Net movement in funds 14,624 7,078 156,866 178.568 14,624 7,078 156,866 178,568 Reeontlllatlon of funds: Total funds brought forward 16.017 222,532 158.122 396.671 Total funds carried forward 30,641 229,610 314,988 575,239 Page S Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts 3 Income from donations and leBacies Restricted Total Total 2024 2023 Longford 5eholarships Paddy Pakenham Endowment Fund 547.058 1,280 547,058 1,280 325,933 1,080 150,000 477,013 548,338 548,338 4 Income from charitable activities Unrestrirted Total Total 2024 2023 Annual lecture and prizes General Administration 36.745 103,316 140,061 36,745 103,316 140,061 37,049 83,203 120.252 5 Income from investments Unre5trirted Total Total 2024 2023 Interest received 7,884 7,884 7,884 7,884 2.945 2,945 6 Expenditure on raising funds Unrestrlcted Total Total 2024 2023 Costs of generating voluntary income Fundraising 43,221 43,221 47,644 43,221 43,221 47,644 Page 6 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts 7 Expenditure on charitable activities Unrestrirted Restricted Total Total 2024 2023 Expenditure on cht7rittsble activities Service and support of scholar5 188,505 188.505 145.605 Annual lecture and prizes Grants made 46,967 259,484 46,967 259,484 40,753 174,330 Govemonce costs Accounting fees and other governance costs 22,791 22,791 19,182 22.791 494,956 517.747 379.870 8 Analysls of grants Grant5 to Support Costs Actlvlt¥ or programme Individuals Total Total 2024 2023 Scholarships and awards 259.484 188.505 447,989 319,935 259,484 188,505 447,989 319,935 9 Other èxpènditure Unrestricted Total Total 2024 2023 Legal and insurance 1,280 1,280 994 1,280 1,280 994 Page 7 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts 10 Staff costs 2024 Salaries and wages Social security costs Pension costs 43,456 3,905 547 47,908 The average number of employees during the year was as follows.. 2024 Number 2023 Number 'PAYE scheme was registered from September 2024. Between the 6 employees they worked the equivalent hours of 4 full time employees. 11 Investmènts Other investment5 Llsted Total C05t or revaluation At l January 2024 Additions At 31 December 2024 Net book values At 31 December 2024 156.866 3,849 160,715 156,866 3,849 160,715 160,715 156.866 160,715 156.866 At 31 December 2023 12 Debtors 2024 2023 Other debtors 575 575 13 Creditors.. amounts f311ing due within one year 2024 2023 Other taxe5 and social security Other Creditors 2,487 108,718 111,205 71,832 71,832 14 Creditors.. amounts falling due after more than one year 2024 2023 Other creditors 58,084 58,084 43,222 43,222 Page 8 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts 15 Movement in funds Incoming resourcès (including other At l January galnsllosses 2024 At31 December Resources expended 2024 Restricted funds: Endowment funds: Endowment Funds 308.122 308.122 TotL71 308.122 308.122 Restrirted income funds.. Restricted Fund5 229,610 548,338 1494,9561 282,992 Tottsl 229.610 548,338 1494,9561 282,992 Unrestricted funds: General funds 30,641 147,945 167,2921 111,294 Rèvaluation Reservès: Revaluatitsn fund 6.866 3,849 10,715 Totul revaluation reseryes 6,866 3,849 10.715 Total funds 575.239 700,132 1562,2481 713.123 Purposes and restrictions in relation to the funds.. Revaluation reserve5 Represent the amount by which investments exceed their historical cost. 16 Analysls of net assets between funds Unrestrlcted funds Restricted funds Total Investments 160,715 42,078 160,715 610,492 Net current assets 568.414 Creditors due in more than one year and provisions 158,0841 158,0841 568,414 144,709 713,123 Page 9 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Notes to the Accounts 17 Reconciliation of net debt At31 Dècèmber At l January 2024 Cash flows 2024 Cash and cash equivalents 533,427 533,427 187.695 187,695 721,122 721.122 Net debt 533,427 187,695 721,122 Page 10 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Statement of Cash flows for the year ended 31 December 2024 2024 2023 Cash flows from operating artivities Net incomè per Statemènt of Financial Activitlès 137,884 178,568 Adjustments for: Dividends, interest and rents from investments Increase in trade and other receivables 17,8841 15751 54,235 12,9451 Increase in trade and other payable5 Net cash provlded by operatlng artlvltles 183,660 25,623 Cash flows from investing activities Payments for investments Dividends, interest 3nd rent5 from investments 13,8491 7,884 2,945 Net cash from Investi￿ activities 4,035 2,945 Net cash from flnanclng actlvltles 150.000 Net increase in cash and cash equivalents 187,695 178,568 Cash and cash equivalents at the beginning of the year 533,427 511,725 Cash and cash equivalent5 at the end of the year 721,122 690,293 Components of cash and cash equSvalents Cash and bank balances 721,122 533,427 721,122 533,427 Page 11 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Detailed Statement of Financial Activitie5 for the year ended 31 December 2024 Unrestricted Restritted funds funds Total funds Total funds 2024 2024 2024 2024 2023 Income and endowments from: Donations 3nd leg3CleS Longford Scholarships Paddy Pakenham Endowment Fund 547,058 1,280 547,058 1.280 325.933 1.080 150,000 477,013 548,338 548,338 Charitable activities Annual lecture and prize5 General Administration 36,745 103,316 140,061 36,745 103.316 140,061 37,049 83.203 120.252 Investments Interest received 7,884 7,884 7,884 7,884 2,945 2,945 Total income and endowments 147,945 548,338 696,283 600,210 Expendlture on- Costs of generating donations and legacies Fundraising 43,221 43,221 43,221 43,221 47,644 47,644 Total of expenditure on raising fund5 43,221 43,221 47,644 Charitable activitie5 Service and support of scholars Annual lecture and prizes Grants made 188,505 46.967 259,484 494,956 188,505 46,967 259,484 494,956 145.605 40,753 174,330 360,688 Governance c05t5 Accounting fees and other governance costs 22,791 22,791 19,182 22,791 22,791 19,182 Total of expenditure on charitable artlvltles 22,791 494,956 517,747 379,870 Other expenditure Legal and insurance 1,280 1,280 1,280 1,280 1,280 1,280 994 994 Total of expenditure of other costs Total expenditure 994 67,292 494,956 562,248 428,508 Net gains on investments 3.849 3.849 6.866 Page 12 Docusign EnvelopÈ ID". 0700235A-5F8&481D-BA61-DB909CDE28EC Frank Longford Charitable Trust Detailed Statement of Financial Activitie5 Net Income 84,502 53,382 137,884 178,568 Net income before other gainslllossesl Other Gains 84,502 53.382 137,884 178,568 Net movement in funds 84,502 53,382 137,884 178,568 Reconciliation of funds: Total funds brought forward 37,507 229,610 308.122 575,239 396,671 Total funds tarried fonvard 122,009 282,992 308,122 713,123 575,239 Page 13 Docusign Envelope ID: 0700235A-5FBB-481D-BA61-DB909CDE28EC ## **Frank Longford Charitable Trust Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Frank Longford Charitable Trust** I report to the trustees on my examination of the financial statements of Frank Longford Charitable Trust for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of AAT. I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Paul Donno (FMAAT) AAT 1 Accounts Online Limited The Epicentre, Enterprise Wy, Haverhill CB9 7LR