Ch•rtty r•Bl8tratlon numb•r 11647231Enol•nd •rbd W•l••l Cthwny r•9l•traUon nwnb•r96Z6510 SMART WORKS READING ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SMART WORKS READING CONTENTS P49• 10 12 13-23
SMARTWORKS READING TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 T Tru8te8s, whp •r¢ o1¥0 fv dirodry¥ of the chwty fc¢ th8 ofth• CtywrMesAct. preoenl tw reptrt lojelhor th Ihe Kcojnts ol V¥cts R8dThJ er 31 ktsrch 2025. Pr•rUc• on'AttJrfIvJ Ryrtng * CharW' 2019. sm Wcrfks Re•Yinq th tarll and to8thrvJ. 88 •$ hyh qu•lty Inwryi•w dothts and Styling •dTrA¢• to Wrfflon. We th• ¢ffifid•n¢•. sell91 and rrt¢bC41 Th• thathty's objtdivs •r¢ the relol fm•nci•l h&thhip •nd th• rdv4f of utwmpW)enl ihe pubfi¢ benatm through thé y¢moliw of mdepend8nc •nw Re•drf¥J thp surrtrthding 8r88. To delwor this. Sm•rt Work• R88dlng was ine4ywawd in 2015 7th • Lar 8nd 10 hdp mre vrt•Mn back mt th• wrykplace by thèm tho doth •nd tho cwfthca ty n8•d 10 aUCC88d 81 Job Illtew¥. Sm•rt Wr¥ts R••JirvJ1s w1 of• n•hvk ofolghl ¢hWityot d•l'wr tho Smartwtyks thr or•8. Al trye rl ow seTht• Is 8 trwtrhtyjf •n¢ Pryrakn wptynlmonl. dursry tr8ch women r•¢•N•8 a tyJtTht doth05 wnd acc•ssr I14r9 to k••pl and laik•r•d on•4¢Trone Into ry)athln9. Thls decepb% slw$4e. 51Kyt ml•N•nUw ha$ g swthcani knwact 8$ dnts slart In Ihalr rn 8L4ty to lucc•. Onc• thfyy g•1 b)• Job. offor a SIKCd Thxre djthing. lo wwde q wotkillg V4¥drt)b• lo 8•0 IIK•m Ihr¢)ugh 10 first pty cw 8•8sth• 10 offor iuppm to yin intthim. Thi¥ ffl•y b• •round CV pr•p•rnt)n, job oppl'catson 9Th•r th1 m•ich th•k TNS •¥tt¢ ml¢• h•¥ w•n hw r•c0nl yoars as lh• lob A8 Part 01 the Smart Woth8 Grw, ojr SW•t•g IcoJ• is lo 08hwr ruT (u• and IniéMty sg1vic• io th• btti si8ndard I¢# fv UK aThl 10 18ke rt 10 I¢x41boM •ny wtyn•n tK) need8 support Gwn com• lo Sm•rt Wtha. In tho Ibt• of tho c4xt4n9 tth. ¥•9 gl 5•wnn9 olob has boen gr•al•r. Our ¥upport l¥ n••¢•¢ 110w mty• tr •vw. y•w w• ¢thpknl•d wrlhr••w••r pLgn. ¥thlch ¥1 • &rg•1 r••¢hlw 10,C(Kl pw y•w. •¥ w•1 •5 wp•¢t• sJ8lwry. K•y Imw¢ data l• lo.6 supw1•d m 2024125 12 centros dolwtnng 8•rth Kross tho UK 61% of Glents 8•cur8 a I( Wlhin Imo ffwlh olll wprAntrnw 57% ofour dentB ere from trackw 16% 01 our t&ents hav8 8 dis8blity 49% of wrdienty 59% ofwdienL• 898 2&29 and In¢roased awwon8$5 ol ¥bLYk th Ihè k¢al 0ty. l)Jr pwfv)mirni kty KPIS r•llacts th• dodic40on of our itram. Ihe strew of ow ref91 rknt$h. and grUry rec¥)gnthM of the Smart Wolks
SMART WORKS READING TRUSTEES REpoirr {INCLUDING DIRECTORS. REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 C•rnor Co•¢hiNg vias a area ol in 2024Q5. W8 eMceoOtrJ aMu81 tty by 249 8ppointmorl8 - • r•laciknn of Ihe eff mJe lo referr81 partneis. yrtbjlath hxa Jci) can$. This fouJ¥ hos èlw u5 lo al Oni ¢lnè8d, offomg 8WPtyt and guKlanc4. r fc¢ Inifft Coethlng WO8 374 •pFonkn•nls- •thkn'r¥J 75% 01 ow l - Ihkn rema1 8 resum In a chaknJlr¥J ctht•xl. tt 450 ns •c¥ous the Smart Wrrts In81 th Sm•rt Wths cntrgs lh• VK. Ir Ma conslar a$ ling Thli y••r m•h¢d • Éi•p charw in sm Wcrts R••dYffj •ry•g¢s th• cunmunity. ThUgh In arnB$ th•1 •r• dfftutt to g•MI •ngagerrrfnl bule 01 • Valiety of bwri8r¥. W•'w r0 to •Juut• p•rtnm And 8iehobJ¢rs tho Sm•rtWrks 011•1. 8nsurig mNo f48 felorrnd 10 UI 81 th• fhl tsm•. Thh grv•Ang w$ibHty b•9thknVto ply •pyr•th ¢wr IC ann, th• r•¥uh• Hlyhllghts tmrd• •n bY•rvl•w . 8wn gral•fvl for pEI01 ty4•r ¢l•knrfrMJ fv ¥wk•. . Contsnu•d to r••¢ trfJ IK 4nK•nl •rryn0n1. Smart tk•nls ar• moslty W.l•m hw• axpwthY npOod t•JOdni kn mufaF4•i00s." . 47% have bo•n repct•d In oyw 20 W. 28% ha bBBn rnJ•cl•d fmm SO SS% h•v• t•8n . 31% u• . 81% haw • dth"kty . 41% are •tsic Nth%ty
SMART WORKS READING
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AIARCH 2025
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SMARTWORKS READING TRUSTEES REPORT {INCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Wo've also simn9lh8O•d our braThl th0h str evonis •mb8ss•dc< eng8Men1. Notabty, the rwnimeni ol a new bc¥l has jd04 tIlty and Lyening thè deor 10 furth8r p•rtnerships 8nd med48 ¥xpwurn. Th 8¢hMenLb Th)t 8y$ taplured In KP15-8fe invaluablè in our profi. eXla OLY rwtt. and erwrmj thbt Irrtye IA 8ertshwe know aboui, ¢rv5t, and FIn•n¢1 r•vl•w R••uh lor th• y•ar Total 1ncorne lor th• pwfod £244k Iirth £14.893 rn1• Imm d•*n•i•d fiJTrY¥l mwdo up substsnUDIty from •v•nts. trtr •nd found•lKTh t4rprrtal• ponn•rnhw. and totsl •yg•nthiW• was È227k r8&dling In Ml Incorn• 01 £17k. £81k. Gmnts and kn•1k$ wtyrfKl• 70% 01 tC41 Kn• •nd w•ffl¥ rnj ralMd 30% ofour Sources of I ncome ¢ix.trx £8c. £64.¢CQ 1221 E55.5CII £40.fp £31122 £20.a Total •xpndilwe for lh• pwbj was £227k 18 818% frc¢Th yur. Thri i¥ ¢Jw to 1••d Our ¢0816 ar• mothty for 51aff. ¢IBni s¢Thlc• cuts thtA¢h l• m•k• 96% our tyveral
SMART WORKS READING TRUSTEES REPORT (INCLUDING DIRECTQRS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure ficc ote E9C.a73 £SD ax 173.097 £6Q 2924 E23 84E £0 Si1 Pien Cl DferE rq In¥wtm•nl P•Hcy The TnJst••s. •wd to th• Ivjdty r•iuN•mqnts d ev•rnn9 Ih• Ch•nty ¥r r••v•• pclry. OP81•i•d a polty k••lYThJ fijnds in int0114)Unrj dqp0511 •r<ounts. R•1¥•1 pY Tho TNsieès hiv• ¢•rr0d fvy fr•è row4. l.•. I w¢fealr1cj funds nol d88n•l•d for ¥p•cffi¢ purpos¢ pr ethmmNiad. It h•8 tthn d•l•rrnlned I. natu ol the charfV• Work, th vel of tr•• r•s•N•¥ Should btr 0Qval•t 10 3 10 6 c18nn¥ •xwndrtur•. This kYovhJè$ 8uffici•nl fiexlblmty lo cowr ony t•mpor•ry 5Thorthl lrt and ll the th•rffy to ¢¢pe rth)d festtod Imm8•18fy to • rn8wnabl8 ol UnloT•• advarna orcum8Wr pnLV nmed491 boirva ImF48m8nted. The r¥ry83 01 £83,3S0 m••ls this requireTh. Gowrn•Tr¢• Smart Woth6 Reodir4 ils •re ithnd ty tho MemcurKkn and ol A5¥Walion. The of th• Truste•8 s•Thd dumg Ih pod fa thp r•l•r•nc4J ar Smart Woths Crtty tho mtrnw of Sm•rf R••trty Sm•1 R••Jlng h81 bean grini•d Ik•ns• lo owrnl by Sm¥t Wth¥ ¥rnJ rt has bl• swr• 0tr4th1 •nd Shlkw octia$ •& parent comp•ny. R•cvjItnTht ndApp•lntrMnt of r••wTNst• Regular reviews are undenaken lo a$5tS$ Ihe skilL5 01th•rinI TrUBe$ *vJ Klpnbfy wy $tretyihenirvJ.
SMART WORKS READING TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED} FOR TNE YEAR ENDED 31 AIARCH 2025 Indud•n •nd T19 of1 N¢w TnJe•S we yovH1èd an indLthm to ftmbwiL IWs¢fves with the chwdy •nd Ihe nol.for profil Soctor. Th0y arè bnefed on wr>i8ibliti81 by th¢ oyi5br¥J TnJ8te85. Nthv TnJale08 are aho rofeThed to the Ch8rlty Ccrtnmiun'S Tr EnlI Tnolee, Smm WLyks Ch•nty 5hare• • T1106 Wek())• Padt with •ll Smart Wryki Tnt••s when tw rI lh• clwnty. tyjl rol•¥, IUr• ol Smart Work• both colly an¢) nalonalty. t&(4$ • •Y•W)kn tho dtrak•tgd TnJ8t•• of wr Intom81 pyt•l lor tool$ 8nd WtyJTr•s aknng wlth vkjs. Tru¥lMJ undwtak• tralthj as part tsfththr rc4•, du¢Jlw w Equlty tNvtrty and Tho Tru51ees revitw and 8PkYQV8 al p¢4&$. and lul(x • utrot•gy 8•1 Ih• pkn. In lthe wth th• %Yid•r Stralggy 501 by sm Worki Chffjt. Th• TnJ¥t•M m801 at ¢wartwty IPb• r wll h•¥• •nnual s8won to upJat• ond •lrat•9y. Tho da•Y managThnl of Smm Wtyks R••dxw h uTrJW•n ty th• C•fiirn M•nag•T an¢J ¢)¥•rn by Ihi Ch•ir •nd 8oard ofTNst••>. RO1¢•3, in1f•StrlUr 8TrJ is prtr4thd by Smirf Wcs Chanty on fiThIn, p•opl8, partnernhip¥. wfjr4thy ety)u8bQTr$. P•y P1¢Y lor K•y M•Mg•m•nt P•v•onn•l l TnJ8te•s glve Ih•lr tim• IT no Trwl•• r•th•d lh• Th• pay ol si•ff i¥ r•¥ 8nnualy. Th• TryMI• bthrk pay olhv •lz•d ¢hwrtKs •nd othw Smirt Wc¢k¥ ewtrtt. Tho TNst••s f•gulwty r•ww IM n•k• its th• ttty h w••d. In Itth• r•lln9 to R•knUon•hly th R•lAl•d Pani Smart WL¥ki crItY wb• ft•r wc Poll¢l•• Polir¥•a lor •1 r•l¢v•ni •mas m m•in1• ty Sm•rt Wty$ Chw)ty, irthding l•rdIng Wnernb Uts, S•f•gu8rdlry Chlldren, Aniberfbery FrnLKI. AnwMsm¢rtt & BLd. Ctymysskn•io La•. Cffjalnts, Conffict of Int•re81. D8w Prol•cUon, tNs¢wlinwy. ErMfOrn1•l, Eqy•lrty. FlJxibl¢ Wryklng, GrievJn¢¢, Hgotth & Salely. Lon• WcrkiNJ. Maiemtty, Polemlty. Pai0 Lem. Prtv•cy. R•thJndancy. Risk M•nag•rrM)nl. Shamd PorenlJ L•av•. sne¥s ¥ne & C8wbiMy. Tmvtl & and WNSilèbbxra. A Staff H8n¢lt>)ok li ma avaUabl• Io Sthff and knL•S a summary ofall Volunt••rn Tho Tw8te8s Jr• gr•Mlul Ic ¢h• ccffjrtwliw of Lw8 ther lime ¥Cntari to deliv•r roles In dr•iiing. ccthiNJ. wthc4>0 m•nymoM 8TrJ thnithlkryN. W• ov•r ITr) nI••r 1h a v•ry hbah rel•nliw mte 8TrJ en rocryitffffl to tK4st•r nbs. Chjr vc4Jnl•ers 8re one of gro8le81 08Sa18, Ihoy •rn 1 lotaty d•dj aThJ pl•y •n •r rt40 n dolNofir#J w d$69 gnd c¢¢hing PubllG 8•n•fft The fruslee$ have r••d •ThJ With the wil•r• conl81 crwity g•nw guid•nc• Wt4ic benefits when •m5 F4aMiNJ fubjro auNitS. •chvets •bo¥e denIgrate how have fvhllw this Mqulreff•ni durfrvj the y•ar. Irb ryop• tri¥ rerw)rt thè TNst•es ave18ken olthe 3m•l ¢¢rfnpath exomOw pwtr4hJKI by S¢¢b 41Mofts Cthry•thsk12Cth.
SMART WORKS READING TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2Q20 Fts¢ur• W•n• D•llv•rfng ourThrn• Y•ai Pl•n by 15 On thè 1st Apnl 2022. Srn•rt R•8¢YrwJ b•gon frf y•ar of •n Tlww Y•w a• pwrt of th• Smirt Woths Group In r•sF4)n¥• lo a S49rn¢¥t InL¥tso kn neèd lor th8 athice pro¥thd In wr area. Thls plan 18 now comp• and xl¥ consthabon hos 8UFPthd lh• of ts new y••r 4n. Mthl¢h wlll be l•unchtyd In 2025. bu1 Ihb surt•ss 01¢ Th• COSld4Mng cn¥vJ hBy W 8 d8va5t4tw Iho we wv• and the ew9k)n ol our 88r¥i¢a h8S b•en ftK)r• urgenl Tho h)b mgrket tho ¥rve. %tho aro apklOng for •n •voMg• of 38 role5 wthoul up Ifom 22 2022. Tho n•w Is lovjmd w th• Icdhylr¥ fv• Str•t•9k Prhfhy Alm R•ith morn M• • •¥ii• t¢ •rrtur• •very w•m•n who could •fft trom Smrt Worts can •¢usi ow 5•ryiC• tnJsled. go lo. S•¢• o Alm io b• fiahonaty r•t•gnis•d as the l•adkng •Mce for unemployed women Foi •v•ry wom•n •1 any sla9• e r•co9nls• Ihal wom•n rd thfferenl klnth ol pport •1 th"ffw•ni pdnls kn thelr wowking IIv•g Rai4• Oui Vofjce • us• oui voke lo infiu•n¢• pvb4c 07scours• nd pjlky •mund wom•n's un•mpltyym•nt Strenhen Oui FoundatJon$ • wiH bL#ld Ihe Infv8Strudvr•. £uhur• •nd fvnding ft¢•d•d lor susl8inaty• 9lOVrth. ground•d in ilabki ya¢tr•s •Ad corrtlnuovs knprovemenl To •¢hv• Ih•s• •in6 kn oui are•. we wTrl. aThJ deepen tyJr Smpxt.. . 8tr•nglh•n •nd Exp•nd C•r••r CoKhlr•g 8•r¥lc•B W• wll revw •nd C•r•¢r Co8thrwJ drorfr¥r f8818sty¢Mlng •nsure consl¥te ddlvery. sCe Jr reach. r•flne N8 Inwt wmn's •mnt oultyne5. . Iner••B• Corw•rnlon from Carn•r Co•ehlrw to Irrt•r¥l•wOfvb#kng W• 11 focus on ImwOr the ethvenitin rJt• from Cvrw to Dres&ffl9 appohlments, c0gTr15n9 thls 89 a r8•Yy4made pIne. 88tter thlegratsn betrY8en Ihw $8rylces ll bèn•fft gur ful offer and supwt us in re8chiryJ wr annu targets. D••p•n L¢¢al P*rtn•r•hlp• •nd Communlty Fundraknlng We to bulk1 strower rdqtyonshlps tw$in¢s. chwtsel, grcKps to Srwle 8waren8s8. 8XP8nd ref01r pothw. saDJrn 8u8talnat48 strea to 8uFwt
SMART WORKS READING TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI ICONTINVEO} FOR THE YEAR ENDED 31 MARCH 2025 m•ko and roniinuous imtYo¥e Ihe quA&'ty olour aefyte ly¢0ty. . Expkn Mor• CMt&ll•ctlv• Prm1 4rKI EXP Into Slouoh W• r•vkw our current olncè aTharyffnis th a ¥16w lo kl•ntyThJ cost4ffK&?nl opkn5. A molLY 8mbllion Is to creats 8 &nart Works hL&) tn Shxffjh, wpporttd by kncoltHArss fi#In9. to provld• 4cc&ssille. p(baSed ar•a of W r. Equlty. Dlv•rny & Inekmlon In J0 2023. Srn•rt Wothi o now Equty. Lliv•r¥ty & strattyy. Th• 8trai8oy • frarf•wk for htyw 4M Sm•rf Wcrfk• c•ntrM ¥MII ThJnw• i tyjkure of dN•¢slty •TrJ Iu¥ty. •r tho laii y••r. SmDrt he8 d•liverod Imwrt•nt Initi•188 10 W¢greu lh$ wtr*. Thi¥ kndude8 IraiNng for ¥t•ff. tru¥lee¥ •nd vdunitér¥. d8rn0gF•phk d8t8 acroM terna tThI. 8nd Its thun¢h of • Cben¢ Ch•mpipn Wé want Smart Wtyk¥ lo be a Yhttore •¥er>w l•qlu •cc•W. ot48 to t•. ¥¥h6th•r thay sl•ll, v(Aunl•èrs, INii•M. yrtnw¥. rknt¥. Sman Worki f¢••diry * commNi•d en IM•m•ni9 )mmunity. Th• IN¥tw• reFx)rtw 4pwowd by Powd ¢4 TnJ¥i••i. Hek•n Frwrjs D•t•'.
SMART WORKS READING STATEMENT OF TRUSTEES RESPONSIBIUTIES FOR THE YEAR ENDED 31 AIARCH 2025 Tho trusi•o$. are V direclrrt ol Sman W¢th Readiry purp)se of company Lffi¥. Ire respon5itle lor propaTrng Ihe Trustses Rew 8nd the in aCC4ydanc8 •ptle tDw Llnrfed Ctynpxny law requlr•s th• IDJSWaS lo fv)8ntr4 knr finpn(lal y•rth gN• I trug •nd llr Incem0 and eXPthdilur•. olth• th•rtat4• Ciyrwny IDr In kn888 fln8n(ial sLg18rnffits. tr h1518 • WLw•d lo. . 8d•cl surtabla BcwJnbry polKm end than 8PFty Ilvn ttroMnty. .obsefv• the m•ththYs on¢ prfnoth• In th• Charts SORP.. - maké iudgom•nts and •sbmat•¥ •r• rna•onat4• and . smi• wh•ih•i p1¢a0 VK Attn11rj St•nd•rds b••n t>•d, any dwanur•# ththsod •nd •xp+ain8d In lh• f1£181 8tsimnl8. . prepai¢ the finanual 1141orrb8nt$ tho w c¢J)c•rn b/th ta V•SL¥rn th•1 th• I coniirw ¢JFrnw. The INat•88 ¥• r88pmW• accwitrg lh rnaaonaN• at 4ny rn• IM fin•Tl81 ol lh• Ch¥iity •nd •n8bl• thwn to thei tho •t8t•mthil# Lyffipty Ihe Cornp8niBsALI 2. Thty atso r•wt46 knr s•199uarthw 8880ts of th• ch and l¢r l•k rn•sOna¥ 5p1 for kY•w¢)n d•l•cTh fr1 otrr 4r•w¥1.
SMART WORKS READING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMART WORKS READING ye4r endod 31 March 2025. R••pomlI1tI•• •nd ba•lts of rnp•rt As th• lrnstaes ol fv Cherfty IrA rAso Is dhtiorn puws•s I1, Y are rwon841 far ¥aiofi•d ihal thfr ol th• Cthty w• rw¥ed lo bo wJrt•d undw P8rt 16 or tha Compar481 Act 2tth and or• dlgt4è lor IndepaThY•nl 8y•mlrt8kn. I r1 In resped my •x•MM of Ch•rfty's flnancwl Sl8lwnts c8th•d 145 rA lh& Ch•nI1 Ad 2011 In carryirvJ out rny •xamhalkn I h•¥•fCJ by lh• 1445Xbl ol tho Chartti•$ Act 2011. Ind•p•rthDI •x•mkn•h •t•••n I h•W compkni•d rny •ythMiw. l rK) m•ilWB ¢4TrJ * my •iiwti in vthh the •In•l)n 91n9 m• cauvts) thai In maiwlal r•wct' •¢cwnlin9 k•Pt th• Chwty 386 C(mpnwi Ad th• finand•l do Mt bkn• rttordl: ¢v th• flnimal 81oi¢m•nts do rb eoff¥y 39B ol Ad ZOC6 oth¢f Ihan wy r¢9uirewl th•1 ts fi4 •nd latr vw. Is Mi • m•tter ¢IlOr•d •t Pert ol On c¢ lh• finnu•l h• no¢ b••n ) ¥1h th• IMlhoJA and wln•rl•8 ¢1 lh• St•tem•nt ol R•ts)mm8rthd Pr&tw and ch•nt*¥ 10 ch•nii•s IFRS 1021. ¥h¢LthJ b• r•wi in ty¢•r ¢4tr• rfft•r to b• i••¢h•d. G•ry Pr••dy FCA Gr•vlt• Audlloxford LLP First F. P•th CtraI 4LH1 PafA En¢J Sife•l Oxty OX1 1JD D•t•.' io.
SMART WORKS READING STATEMENT OF FINANCIAL ACTIVITIES INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Total fun¢• 2025 funds 20Z4 fund• 2025 2024 Donaiknn$ and kn9ac• Othw Ir8dlng 91.520 72.187 .831 172,3$1 72.187 48.1n 924 105.098 55.5L)) Total Ineon¥J 163,707 ,831 244.538 103.672 160,596 eAp•ndltur• on: 10. 156.824 10209 217.078 4.972 138.an 4.972 t07,501 48,824 Total •xp•rthr• 186,833 .154 227.287 113.849 48.624 192,473 N•t IOmI11•xP•nIItrjThI •nd mov•rn•nt In lundi 13,1261 20,377 17.2S1 140.1771 (31,8771 R•¢ort¢M1on ol fvr•d•'. Fund b8lanc•s at 1 AprA' 2W24 08.476 25.129 113.eo)S 128.653 16.829 145.482 Funo b*•• •t J1 IAwth 2025 4&506 130,858 88,476 25,129 113.60$
SMART WORKS READING BALANCE SHEEr AS AT 31 MARCH 2025 11 192 14,336 23.03 26,$03 20,183 32.613 49.893 13 134.119 103.369 14 111.4551 14.1L¥)I 122.884 99289 120.058 113,605 45, 25.129 18.476 17 130.058 113,805 2Cth. trth•y••r•TrY•d 31 2025 -12-
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Attountlng powc Ch•rtty Irrform•llon Smart Wtyk5 Re•Jng • chadt8t48 compwy Itj by gLwanlÉo fjn aNJ WalDi. ¥tw•d Is 94 L¢M¢kn Strefyt. Reodlw. 88rtth. RG14SJ. 1.1 Ac¢ount4 con¥•n Th• finanuel ¥iai•m•nts h•v• in accordan¢• ¥Ylth tho ch$ y4wnirvJ do¢umonl. the Cryni•s Aci 2. FRS 102 Yh• Sthndwd apF4it4bkry lh• UK and Republ of Ir•l•nd' I-FRS 102.1 Ind the Char6 SORP 'A¢couNiry Ind Rer)Fting by si••menl Recornrrnnded Pr•¢b¢• apF4icabl8 to th•rt•S kywrry Ihw 8ccounts in 8cmrd•rKe 1 the FINI1 R•porhng siandard appl1¢4 IN tr• UK and Rwkc of Ir•lbJ IFRS 102r i•if¢ctho 1 J•nuary 20191. Th• Chariiy is a Pybk B•rt•frt Entity dofm•d by FRS 102. The Chjrfty hm l•n •J¥ta ol SOAP lty ¢hwkns rvjt to k¥w•r• • &at•mwl of C••h Th• fin4ndal SleM•t$ are woparnd IN lwth h the cur•nty lh• Chlty. Mon•i•ry amuhts in lh tsttyyn w• rourthd 10 ib• rwrmi E. 1.2 Odn9 GQn¢•rn At tho lim• ol •pptho lh• 8t•t•rrwts. Irwi • r•••¢m •xp•o•tkn) th•t th• Ch•rtty h•$ idoquats rere to [nu• In •xl$w for th• lor•w lutyr•. Thu• lh• 1 lknu• to adopt the llokng corK•rn ol •c¢ounVry In ywmrlng the fin•r 8t•tsmonts. 1.3 Ch•rtt•bh lund• Ureslrtct•d luthds v• •v•Hot4è th• bl•t•88 of th•lt•tA• R••¢rf¢•d fvndl wr• •uyed ts SF•(k eoThJWi by •• lo hry4 ¢W ffliy b• umd. T 1A In¢om• donat4Ms 8rv re¢oJnis•d M rec•pL Othw r•¢wMd the Ch•W ha5 t)•on rrf)tifd ol lh• donakn, unB• r•quk• d8kn of tho Mni. lncCrfr tax r•rJ)v•r8bkry In th• (arity gThJ Imir TrthJ8 ean be m•aswed kbilh M8wat48 acwraky. Tho vkn piacod on thaso r•swrc86 rJ Ihr ¥8lw 10 V chanty. Thè trustees cwsthr it 10 Iw8wre the vllue of hetr c(u01. 88 F4rrrkned by thè SORP. tsir r¢¢C4ri in Ihe sl•len*8 bul i¥ 13.
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS {coKllNUED) FOR THE YEAR ENDED 31 MARCH 2025 Ae¢ourfing pokk•• IconYnu•dl l.S Exp•nrtitw• Expendllur• 15 r•cc8nW orK• Ihwo b 8 coftstrLKV• Otrftgatton to trv4f•r b•nofil 10 • thlrd perty, probable that I Ir8n$f•r d e¢>ywr bofft5 wll r•qthJ selU•rn8nt. ano the 8mount of Expthidtturfj 15 cl•ssW by •clMty. Th• el oach acuvty ar• mad• up of th• tatal of dlred costs ark1 ¥harnd costs. Indudiw suFport C4Sts invcfvad In un(lerlthng •8ch acbty. Oirecl costs aknbulatrA• to • sing aciThty ar• kX818d airecty to thal actmty. Shw&J tcth to Ihan oft8 athvity gTrJ ¥UFWt costs which arn not aftribAaN• kn a Jr• •pFthd 108n on 8 bul• con$istsntwlh tho ol rnswrr• 1.1 T•nglbl• nx•d •18•ts Tgnglbltr fvA•d 8ssol8 aro m•••w•J •1 rnMwr•d at C4 ¢x vahjatknn. not of ua•lul IN$ cffl Ihe bases.. cMth• pwljd ofth• l••M on IM 8lra#Jhl lkn• q•kn or rKs lh• •••t h d•M1¢ •5 dhlorerth ttha•n tr• 1.7 Ifflp•lM•nt 01 flx•d •8••t• AI L repo9 •nd dt•. lh• Ch•nty th• urrtr¥vJ wro18 LY twythl• 4u•ts to é•t•rnino wh•lh•r Ih•r• is any thot ¢hc•• •M•ts hm •uffw•d w imyffmtinl M any Ju¢h Indicatlon •xi•ts, th• F•cov•r#w• nount ol lh• au•t i• ••knal•d ord•r to d•i•rriw th• oXt8nl el th• Impalmi• losi lil any). 1.9 C••h •nd caih •quSvalMts Cash and OW&Tri1 IndJ8 cash kn IwThl. r•1 borthj, tslh•r borwng5 in rjxrenl Ii•blth¥ 1.10 R•lhm•n¢ b•n•fft* 14.
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS ICONTINUED FOR THE YEAR EIIDED 31 MARCH 2025 •sbmai•s Bntt as8unwticffi$ 8tKwJl tho wnryJM ci a88ats •nd I9111 thal are nol raadrfy 8pparenl rrom oth•1 sourett. #nd a5Ko•i•J 8ssu)wttrt5 ¥9 ba$8d on h6916p0lI0n¢O 8nd olhor rn8108 rncoanittd In Ihe pwKJ 08lhD•lO l& rwd thg rw$Kin affods wly th•1 T¢1 furbd• 2024 fun¢J• 2024 2025 2025 2024 46,020 45.X 48.02Q 105.818 20.$13 28.122 20,050 31.122 $8,221 17.753 00.318 20.513 38.111 17.753 91.520 80.831 172.351 48.172 56,924 105,096 Unrn•trftl•d UnrHtrict•4 luthd fund¥ 17.704 21,197 19,939 FU)dr4nI Shop incLVM •rfSm•rfwry 13.895 72.187 15-
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Exp•ndMur• on rnl•lngfur Unr••trlct•d Vrn•trl¢t•d fund fund• 2025 2024 Fundrnl•ln9 1Th1 publkKy Markollng ¢9sts sioglng luThlr8kw"ng e¥en 878 4.128 10.209 4,972 Exp•ndltur• t1•bIl •dl¥lO Chavtt•bl• Ch•rlt•b a¢tlvltl•• 24 2025 Staff cNt5 O•pr•&•tton tylnr Prtmiies rel•ted dir¢4 Otherdir•cl •xponditurg 112.222 6.144 66.783 19.300 4.548 83.619 6.144 68.953 17,753 6.754 209.tr)7 181.223 $T• ofjupport *nd IM• D¢)ts Tl Support 7,202 5.329 949 217,078 187,501 by fw Unre$lrtl8d I8.901 Re51rtcled fund8 156.824 60.454 138.877 48.624 217.078 187.501 16.
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS ICI)NTINUED} FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 1,140 2.487 2.1e S¢•IKffi•ry. •fvJ Sundry •xp•nsrture 8ank ¢lwg•s Slaff roLg18d 745 322 1.180 S52 2.155 8,071 6,278 8.071 6.278 Gov•m•nc• ¢•th pay1rS lo E7c + VAT 12024.. £8501 f Tr lee th• •ctwnls £1.7& * VAT12024.. E1.VA) * VATI to Ifthpwthnl •x•mkn o b•ir8 p•id lor by p•wl ¢wty. Trn•t• yw12024." MI. 2026 2024 Numb•t Numb•r Employrmnt ¢Mts 20 2024 102.026 77,581 Sodal s•cudty rmts 1.492 112,222 83.619 17-
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR niE YEAR ENDED 31 MARCH 2025 R•munw4tK)n d k•y m•Mg•m•nt 2024 29.270 44,907 Th• 4g9rngel• •mploy•• benefits N4thywl 1ry•jw 4nI1) 10 T•xallon Th• cmnty * ex•mo thx an goffts SOL 505 clth TaA•A Aci 1988 or M¢tthi 252 of Ino T•x•lw gl Choryfrrt4• GAGt 1992 ts th• •thni thol are 8pOod to tts ¢h•rttablo objockn. 11 T•h9lbl•llx•d u••ty At 1 &>ri12024 At 31 14w¢h 2tr O•pr•¢l•Won and AIlW124 15,3eo 6,144 At 31 Mari 2025 21,9J4 C•vryln• •rnouni At 31 Mor¢h 2025 8.192 A¢ 31 Mwch 2024 14,336 12 Sto¢th• 2025 2024 18-
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 D•blO 2025 2024 Amount• l•llr4 du• y•w'. Tr•de dobl¢ 21.$03 30,754 26,503 32.613 14 Cf•dltorn.' lamlng du• oMy•w 2025 Tr•d• v•ditQrn u•dilorn 276 8.T79 110 2,776 4,ICQ IS R•tlr•m•nt b•n•fft 202$ 2024 1,492
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 11 R••irl¢tsd fvn The resmctod lund$ crf lh8 dwlty C£W88 tho vMxwnd8d ano Lranlj trwl •ubi•a to sp•ufK by dLWS to may be u¥d. Al l Aprll IrK•mthg R••our¢•s At 31 M•rch X+24 r•Bourt•• •xp•nd•d 202S Ewefield Ch8DthNo TnMI VnNersity of Re. Grnnt UnN•rslty of R••#iNJ. Kwn•r ht•m UnNerty ol A6bdirJ. Intem Scuter Chantabk Tru Sh•nly Found• Bawls Trust Bwkshir• Chwiy 14761 11.0871 11.8021 11,6021 14,5211 12,OLXJI ii.oo)I 2.624 l.C7 1.602 32Y 1.267 1,1eo 413 13,375 413 18.C Notknn•l Lotl•ryAw•rd¥ lor1 Tr• Palmaf Elirs Trus1 CoqcJ¥ThJ IP4wlion4 Lo11•ry1 •r••r Coothng18ank ofAm•rtcal DrOry Sto¢ 14,8251 16.4801 118.7201 118.3411 18.rn 20,513 23,034 25.129 80.831 ieo.4541 45.5C y••r.' At i Aprfl 202) In¢(1n4 R••wr¢•• Al 31 mAh •xp•n4•d 2024 e*fi•1 Ch•nwt48 Tru¥t SWC Carner Coathlry18•nk ol1th¢•I Uneity ol Re•dty lfitern Mobbs Momtyml TnMI C•r••r Ce•chkn9 Lfftl OM9 Stock Crfeeham Trust Swt¥r cn1•bkl TnMI 13.1WJ 8.175 113,19)) 18.17SI 18.6401 113.7201 13.0001 11.9081 11,829 17.753 20,862 3.255 1.217 1fj.029 56.924 148.624} 25.129
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 AIARCH 2025 16 AlCdfvrrf . SWC Sm¥t Wcrfks Chllty Car CohlrvJ IBank olArnwr41 * a granl fw oye costs Unwetsffy of R8adw Intem¥ 1$ want ts the st8ff t#W8 ILV undorgFJduale Jummer teMs1p . SWC Sm1 W¢yk¥ Chanty Car6w Co8thr IN8tiwl Lott•ryl Mg granl fry•y• ¢¢•ts Gmnhem Trusi Is a grnni 10 Supp sthkiry of l)Jtreach18ad Souler Ch8niabl• Tryst Is a granl for 6eThko dehvery cos . sha Fnd81 18 8 gmt 10 Supp( mry0utrgJth le•J . LouL% 88yhs Trusi rt a 9ranl to support olOutrur1oad be$birt IAasttniE Charity Is a wni 811$ offK& lumhvr• Bèntley i¥ 8 gw th• •uppM ofth• Slgh Popup . N•uon81 Lollwy Awds for • cr•nl to knj •ThJ Yw W¢m•n Outr•aL . The Paknw Elity Tw81 is a to ol l)utrMth l••d b8n8nciarb•s dothir¥J lor thl•Th 17 unr••thd fvn Th• vnres1l•d lundsdlh• lh• bthrK•ofdon•t)ni grants •ubJ'8ci by OonryF w•nith •• lo h1 may t uBd. ThM• indud• d•sigftied lund$ %thKh ha¥e b8•n a8Jo ¢>ut ofurrnirKt•d lundi by the 1•* lty spwfic A¢ l Awll In¢tynlno R•81¢ •xp•nd•d 2025 114.8931 14,893 G•n•MI fvod• 163.707 1166.8331 85.350 88,476 183,707 1166.8331 85.350 Pr•wloyB y•w'. Al 1 Apvll 2023 I0mIn9 RMour¢•# rn•oure•• •xp•nd•d Tr•n•f•rn At 31 kl•r¢h 2024 Desn?o 2025 F¥j Gonqr81 fundi $4,893 73.760 140,OWI 14,893 73.$83 103.672 1143.8491 128.653 103.87? 1143.8491 88,478 Ouriry tho y•¥ the Chartycomr4eted ihe ihird &wrol ts 3 ygBr F4•n to sw¥)rt aL¥OaS Readir#J 8S8Mal8d edditk)n•l eXnditurn. 21
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2Q25 11 ol n1•1• b•bv••n fvNI• Unr•¥tylEt•d Dtslynit•d RMlrt•d Endowtwt fufid• fund• Tot•1 2025 2425 2025 2023 202S At 31 March 2025.. Tangibl• •s$01$ 0.192 77.158 8.192 122,664 130.856 Tot1 lund• fvDd• rth 1024 2024 2024 A¢ 31 Mr¢h 2024: Tangitle 888• Cumni •¥•WllwtyliOMI 14.336 99.289 $9.247 14.893 25.129 73.583 14.893 25.129 113.eos I• ts•r•. Th• CLWQry Is prt•d by&wrwte•. Every rrwntwdtho CL¥rwThy urthn•k•• to ¢wlritwlo to th• aou•ts of tha company, In tha trv8N ol the same b8ir¥J wrj thoy are • rn•mtyw. or ¥Alhkn one year aft8r thay Iv b• • rnb, fry p•ymqnt of thB and I•bl5 rA th• wrwny c(rfact•d b•fLn thèy cJN•d lo be 8 rMmb•r. ¥nd d th• cost ch•rg1s •fvJ •xp•r••¥ 01 irbJirg up such amnI •• tmy b• r•tyir•d Mt •xc••ding È1.Al b8r sh8•t dats. thor• m8rt*ryr. Srt Ch•rity.
SMART WORKS READING NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EPIDED 31 MARCH 2025 20 Op•r•tlTh9 l••M commMm•mtr At th• r•FrylrvJ •nd 4J•ts its h•d eArt&laTrJlr¥ mthrun paywnts under 2WS 2024 wrtNn ona yoÈr 58.383 18.794 75,178 75.1n 131,561 21 R•lat•d party trnmathbts Drj Iho year th• 4rlty MI payTh¥Jrts of £49.10212024.. £24.1001 Sm&1 wo1 Ch•rfty, Il• por•nt. Smrt WorAI R•Ading ETJQ ol from a 12024.. t391 and r•imbLMd £rll or •xpwsBg lo 12024.. t771. 22 ¢•Thtr•1 Th• par•nl of Iho hrp8•1 group in ththKh n&•I 8tot•ffnM la Smart Charlty {Company numt4r OJ87¢671 aTrJ Ch•rty 1c¢oecei i• mDmbaf of tharfly. SmÈrt W¢b$ chonty h•8 thè prw 8clMfy •¥ th•nty. Th6 8d¢fe¥s for Sm•rt Wryks Chwlty h.. Imt 1. Y•ryl 20x08 Now Ncth Rood. 18lWoD, Lor%lon, ErvJland. N1 78J.w th•rty. -23-