Charlty Règlstratlon No. 1172214 Company Reglstratlon No. 09941590 (England and Wales) CHANGING PATHWAYS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Rickard
CHANGING PATHWAYS LEGAL AND ADMINISTRATIVE INFORMATION Trusteès J Deeney J Frost T Brush8tt J Aylott P Leahy P Slerry s rilling K SplGer (Appolnled 10 June 20241 Secretary T Woodgate Charlty number 1172214 Company numbèr 09941590 Regl8t•r•d offlce PaTklands Centre Felmore$ End Felmor6s Baslldon Essex SS13 1PN Audltor Rlckard Luckln Llmlted Sulle 8 Phoenlx House Christopher Martln Road Basildon Essex SS14 3EZ Charlty's w8bsll• https'.Ilchanglngpathways.orgl Sollcitors Birkett Long LLP Phoenlx H¢Juse Chrfslopher Martln Rd Ba$ildon SS14 3EZ Essex C03 31I1G
CHANGING PATHWAYS CONTENTS Pagè Tnsstees, report ststement of tNslees' responsibilitles Independent audito$ repc 8-11 statem8nt of ftnanclal actlvltles 12-13 Balance sheet 14 Statement of cash flows 15 Note8 to the flnanclal Statements 16-30
CHANGING PATHWAYS TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr report and finan¢io18tatements for the year ended 31 March 2025. Th& flnancial statements h8ve been prepared in accordance with the accounting policie5 set out In note 1 to the financlal slat8rnents and comply wlth the charitable compBny's goveming document, the Cornpanles Act 2008 and "Accountlng and Reportlng by Charlties.. Slalement of Recommended Pracllce appll¢able lo charitles preparing Ihelr accounts in accordance with the Flnanclal Reporting Standard appltcable in the UK and Republlc of Ireland {FRS 102) (effective 1 January 2019}" Objectlves and actlvllles In this report the Trustees of Changing Pathways look at vthat the Charity haB achleved and the outcomes of our work between Aprll 2024 and M8rch 2025. TNS report revlews our progress.. towards a¢hlevlng our vlslon of a world in whlch all can h've fulfilled Ilves free from domestlc abu8e lowards achleving our mlsslon In pursult of thls TrAslon lo help e8¢h In(*vidual flnd thelr pathway out of a Ilfe of domesllc abuse and change their future for the better. by identlfylng Ihe key aims and objectives that we have worked Ii)ward5 and hDW SUGcessful Changing Pathways ha8 been kn fo¢uslNJ activlty on the pursuance of our chadlable objects, namely: 'To relleve th8 needs of persons are vlctlm8 of, or In f88r of, dornesllG vlolence 8ndlor abuse In Essex and surroundlng are8s In partl¢ular but not exclusively. by providing refuge, counselllng and pr8cllcAI support for vlctlm$ of dom8sllc vlolence, ralslng publlc awarene86 of domestSG abuse Issues,. and In such other ways as the tru51e88 may from time lo Ilme declde.. The Trustees have referred to Ihe Charty Commission's guidance on publlc b8nefit when reviewlng Ihe Charlty'$ alms and oble¢llves and In planning how our activities wtll conlrlbute to the alms and oblectlves that have been set. Thls Is sUPPOrt6d by a performance monllorlng and reportlng system and an annual consull8tlon programme for staff and cllents. Banefl¢larl•s of our 8oril¢es Durlng 2024-25. Ihe Charity ha8 conllnued to dellver Specialist 8UPPOrt to survivors ol domestic abuse, ¢overlng South and West Essex whlch comes under th8 remlt of Ess8x County Councll and the Borough Counc118 of Baslldon, Brentwood, Caslle Polnt, the Dlslrlct Counclls of Epplng Forest, Harfow and Rochford, and the Unltary Aulhorjty of Thurrock. We strlve to provide responglve and hlgh-quallty support lo suNlvors of the broade81 definllion of domestlc abuse Includlng slalking and harassment, 'honour-based' abuse and forced marriage and all other forms of violence agalnst women and girls. We take a strength-based approach lo our support, worklng wlth Survlvors to empower Ihem to choose a cllfferent pathway. one that enables them to Ilve thelr Ilves free from lear and abuse. Slatlstlcs In 2024-25. Changlng Pathways received a total of 4053 referrals for survivor8 of domesllc abuse, where we offered both tèlephone and face to lac8 SLlPPOrt. The total number of survlvors reached In 2024-25 was 1786 whlch represents an 10Yo Increa$8 on 2023-24 where Changing Pathways reached 1627 survlvors. Domeslic abuse has a devaslallng Impact on all communltles. However, a$ refle¢t6d In the gendered naturo of domesllc abuse, the majority of survlvors we supported were female. W& supported 1926 survivof$ this year 14% more than the prevlous year. Of those who received support via our communlly servl¢es 92 /0 were female and 8'h were male. 1•A of survivors were transgender. The malorlty (80%) were aged belween twenty-one and fifty years, 6% were under sixteen and 20/0 were over sevenly. 84 were pregnant. 430/0 had a dis8bilily. 1197 suNivors had 2548 children belween them of which 23 % had social services Involvement.
CHANGING PATHWAYS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Only 240A of service user8 were employed full time. 4% were self-employed. 18% were unemployed. 130/0 were employed part tlme (under 24 hours). 5% were on long term sick leave or disabled. 20/ts were studenls, dolng apprenllceships or Government training. 2% were on maternity leave. 1.5% w8re rellred and 1¥0 were full tlme ¢arers. Across all our seNices 96Yo of survlvors reported feellng better able to recognlse abuslve behavlour and 95% feel they under61and more about the Impact of abuse on my childlchildren. Our Achlevements and Pertom)ancÈ through 2024-2026 Trusteeg Report- Servlce A¢hl•vèm8nls 20225 Rèfvgè Servlces Supported 80 women and 54 chlldren across ow refuges. Delivered hlgh-quallly, trauma-informed support, wlth strong seleguardlng and resettlement pathways In place, Communlty Servlceg Worked with over 1926 clients across Essex and Thurrock through outreach and floaling support. Malnlalned a flexlble, demand-led slafflng model lo ensure r88oufces aligned wllh caseload pressu8, Children and Young Pèoplo (CYPI Services Supported over 200 chlldren and young people through dlrect work, group programme8, and oulre8ch. Expanded pro9rammes in schools and ¢ommunily settings, ralsing awareness of heallhy relationshlps and $afeguardlng. Coun$•lllng Servlc¢s Delivered over 300 counselling sesslons to survlvors of domèstic abus8. A¢hleved po8ltive cllent feedback, wlth the maloTlly reportlng Impioved wellbelng, conlldence, and re$llience. Embedded more trauma-informed practice, ensurlng survivors recelved specl8llsed eMOOnal support alongslde pra¢ll¢81 help. Organlsatlonal Slrengths Contlnued lo deliver on EIDAS conlract requlrements, ens]ng complianc6 whlle malntalnlng hlgh-quallly, 6urvlvor-fo¢u$ed servl¢es. Slrenglhened parinarships with housing providerB. local authorllies. and 8afeguardlng board8. Su¢cessfully balanced Ilnancial pruden¢e wlth Bervlce responslvenè8s by applylng a demand-led resourclng model. Flnanclal Revlew For the financlal yoar ended 31 March 2025, Ihe charity generated total In¢om8 of £2.9M, our expendllure almost matched the Income. We dellver a Strong performance that rellects continugd demand for our servicas and succesg in securing funding. As our maln 5-year Contra vlth EIDAS ends, we begin our new 5-year eontract wllh PEDACC 8tartlng from April 2025. The malorlty ol our Income ¢ontinue$ to be derived from grant fvnding. whlch remalns 88senllal to d8liverlng our charllable objectives. We are grateful lo our funthng partners for thelr ongolng support. In aédlllon, donations of £80K, ¢lose5y matchlng the amount re1Ved in the previous financial ye8T, and indicating ¢on3islent support from our donor base. We are actively working to strengthen Ihis arèa through more structur6d fundraising aclivllies and events, almlng lo dlverslfy and stablllse fulur8 Income slreams. The Trustees acknowledge that managlng expenditure will be a key focus in the year ahead. Vvhile the charlty remains In a stable financial posilion, we recognise the importance of aligning operallonal costs wllh avallabl6 Income and are taklng staps lo improve cost efficiency across the organisation wlthoul compromising Ihe delivery of our seNlces. We also plan lo refresh the accommodation of our resident clienls to ensure the choice to come to us In Iholr sltuatlons Is the best choice. We are proud thal within this financial year that each accommodallon was givlng fresh new beds and mattresses whSch had not happened In over 10 years in some of our spaGes,
CHANGING PATHWAYS TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Thè Trusteès and Chief Executlve Officer remain confident In the charlty'8 financial posltlon and are commltted to ensurlng suslainable growih through responsible financlal slewardshlp, diver6ifi¢allon of Sncom8 sourc8s, and slralegic Snvestmanl In our core servlces. ReseNes Pollcy Changlng Pathways ha8 iwo types of funds as follows: Restrl¢ted funds Fundlng recelved from donors for specific purposes. Reslrictlon by acllvily or geographical region., These fijnds are rlng-fenced for speclfied purposes and. ther8for8. do nol fomi part of avallable reserves; Unrestrlcled fund8 Funding recelved that are avallable for any purpose and anywhere., These Include de81gnated fund8', Reserves are repr88ented by unrestricted ftd3 (excludlrvJ designated funds) less tangible flxed assets. The18vel of reserves requlred have been set at three to six months of non-chaTltable actlvlty COB18. Charitable acllvity costs have been excluded from these calculatlon$ for the following reasons: • N0cor0 charitablé a¢tlvltlo$ wlll only be carrled out lor the durallon that fundlng Is avallable., De81gnal8d funds have been cr8at8d to support core diarltabl8 activltles {o.g. refuges} The Trustee8 con8lder Ihat reserve8 at thls level wlll ensure that, In the event of a slgnincant drop of fundlng, they wlll be able to contlnue the Charlty's currenl activlli8s whllsl conslderatlon 18 glvèn to ways In whlch addlllonal funds may be ralsèd. Rlsks There are rlsk reglsl8rs In place to cover both the organlsatlon81 rlsks and those rlsks assoclaled wlth the larger EIDAS Contract. These are reviewed at the Board meetlngs. Revlew of Flnanclal Posltlon Changlng Pelhways holds a reasonable flnanclal posltlon. During the year the charlty had total Incomlng resources of £2,936,134 (2024.. £2,684,244). il Incurred expenses totalllng £2,969.428 {2024'. £2,566.208), generating an opèrallng d8ficit of £33.294 (2024., £98,036 SUTplus}. Tho total n8t assets of the charily at the year end were £1,992,102 {2024.' £2,025,396) whSch 18 represented by reslricled reserves of £1,025,598 {2024- £909,514), deslgnated funds of £966,604 (2024: £1,078,920) and unrestrlGted reserves of £nll (2024- £36,962).
CHANGING PATHWAYS TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our Fund8fS Thank you The followlng organlsations and lnd5vualS hava contributed lo our work during the year through thelr klnd donations and funding., Anabelle Regan Andrews Barry Basildon Athletics Club Baslldon Orthodox Cornmunlty 8lllerl¢ay Methodlst Toddlers Blll6rlcay Fun Walk 2024 Blllerlcoy Methodist Church Blllerlcay Round Table Blllerl¢ay Town Rotary Club Brett Knlght Burley Barry C Thornton Ca8lle Polnt Ladles Dining Chri8llna Elvers Churches of StAndre with Holy Cr08s Ba$lld¢)n Cllpper Uk Mr Mithael Barnard Morgan Sindafi Property Servlcés Neil Taylor P Matthew- Play Planet Paul de Rozarleux Paul Middleditch Paypal Giving Fund Pearce F Peyton Mlles Prorlte Scaffoldlng Ltd Quill&rs Junlor School R G Carter Projects Ltd Relief Chest Scheme RMCSC (Rand811 Mèmorlal Chrfsllan Splrlluallsl Church) Rotary Club Of OngarAnd Kelvedon Hatch & Wllages Rotary Club Of Ongar And Kelvedon Hatch & Villagos FF Crown Estate Agents East Tilbury Rell8f In Need Essex Fira Authority E88ex Lottery Fi$erv George Hopper Global Essence Vk Hall Mead School HaNiood Ladles Probus Club Helen Culf Hutton & Shenfleld Tangenl Club Jennle Cox JennSe Peters*Smlth Jill Lowrle Julie We$0d Lydla Smllh Maldon Crystal S811 Company Rotary Club Of Rochford Simon Brlce Ss&C Flnanclal SeNScbs The EBsex Freem880ns Stanford Le Hope The Grand Charity Th8 Nelghbourly Foundatlon The Nice InlllalSve Thurrock Borough Councll Tk Maxx And Home Upmlnsler Conlalners Veryan Edwards Weald Masonlc Ch8Pter BrenOOd West And Coe Wesllake Piopertles William Bem Womens Ald A huge 'Thank you. to Ihose that have donaled and supported u8 throughout the year. We are so gratefvl tor your ontinued support- it real makes a dlfference to our dienls and their children. structure, governance and managemenl Governing Document - The organisation a charitable company limited by guarantee and reglstered as a Charlty. The Charlly is governed undèr Its Articles of Assoclatlon. Company status - Members of the Charlly guarantee to contribute an amount not exceedlng £1 to the assets of Ihe Charlty in the event ofwinding up, The total numbér of such guarantees at 31st March 2025 was nin8.
CHANGING PATHWAYS TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Thè Irustees, who are also the directors for the ppoSe of company law, and who served durlng Ihe year and up to the date of signature of the financial Statements were., J Dèeney L Headley J Frost T Brusheti J Aylott P Leahy T Mull8ney-Down6r P Slerry S mlllng K Splcor (Reslgned 15 May 2026) (Reslgned 13 February 2025) (Appointed 10 June 2024) They have no beneflclal Interest In the Gharlty, All trustees give their tlme voluntarlly and raceive no beneflts from th& Charlly. Any expenses reclalmed from the Charlty are Sel out In the accounts. The Charity Ss looklng lo develop the sk1115 for the tnjstees and undertakes an annual skills audit to IdentSfy an 8ddrès5 any gaps In Board experl&nGe8. Therels 8n Inducllon and trainlng plan for all trusl68s lo strengthen their role In strateglc plannlng and they attend mandatory tralnlng In safeguardlng and equallly and dlverslty. All Iiuslees glva thélr Ilma voluntarlly and recebve no benefits from the Charlty. Any axpensès reclalmed from tha Charlty are 8et out In the accounts, Organlsational struclure The organlsatlon Is afflllated to Women's Ald Federatlon of England (WAFE) but Is an Independent chaillable company wllh Ils own structure and operatlonal pollcles. The TiuÉl888 delegate day-to4ay manag6menl of lh6 Charily to ihe Chlef Executlve Offlcer (CEO) and S8nlor Leader$hlp Team (SLT) whl¢h kn 2022025 Included.. Chlef Execullve Offlcer Finance and Business Managgr Operatlonal Manager Operational Manager Operatlonal Manager Operational Manager Tanla VVoodgat& Samantha jaett Nalasha Jean-Lou15 Ranjit Slndhar Gemm8 Faraway Zog McKe8 The CEO and SLT make declslons on dally operallon8, wlth any declslons concemlng the slraleglc dlredlon, addlllonal spend on budget, legal Issues, governance and anything el86 conskl8red outslde the remlt of the CEO or SLT, being escalated to the Board of Trustees. Staff Remuneratlon Pollcy Th& remuneration package for all personnel comprises of 8 basic salary and contrlbution lo a penslon scheme. Salaries are revlewed annually by the Board of Trustees. The org8nisatlon pays at least the Llvlng Wage as set out by the Llvlng Wage Foundalion. The Charity is subject to auto-enrolment and contributions are currently made at 3%. The Charlly Is supported to meet Its requlrements under autenrolrnOnI by the Work Place Pension Group and payroll provider, Audltor In accordanc8 wlth the companvs articles. a resolutton proposlng that Rickard Luckin Limited be reappointed as audilor of the company will be pul at a General Meeting.
CHANGING PATHWAYS TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 DlsGlosure of Informatlon to audllor Each of the trustees has confirmed Ihat Ihere Is no Informallon of whlch they are aware whlch Is relovant to the audil, bul of which the auditor is unaware. They have further confirmed thal th8y have taken appropriats steps to Idenllfy such relevant informauon and to establish that Ihe audilor is aware of suGh Informatlon. The trustees, report was approved by the Board of Truslees. J Frost Tru8tg0 Dalé:.0.8/IL/%5...................
CHANGING PATHWAYS STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also th8 dlreclors of Changlng Pathways for Ihe purpose of cornpany law, are responslble for preparlng the Trustees, R&port and th6 financlal statements In accordance with applicable law and United Kingdom Accountlng Standards (United Klngdom Generally Accepted Accounling Practlce). Company law requlres the trustees to Prepare finandal stalémenls for each finanGlal year which glve a Irue and falr vlew of the state of affalrs of tha charitable company and ot lh8 Incoming resources and appll¢ab'on of resources. Includlng the Income and expendllure, of Ihe charltable MpanY for that year. In preparlng Ihesa flnandal slatemenls. the Injslees are requlred to: select suitable accounting policies and then app them nsIstendy. obsgrv8 the methods and prlnclples in the Charities SORP., make judgements and esllmales that are reasonable and prudenl. slate whether applicable UK AGcounllng Slandards have been followed, subject to any materlal depariures dlsclosed and explalned In th6 flnanclal slatgments., and prepare Ihe flnanclal statements on the golng concern basls unless It Is Inapproprl8te to presume that the charllable company will continue in operatlon. The Irustaes are responslble for keeplng adequate accountlng records that dlsclose wlth reasonable accuracy at any Ilme the flnanclal poslllon of Ihe charilable company and enable Ihem lo ensure that the financial stalem8nls comply wlth Ihe Companles Act 2006. They are also responslble for safeguardlng the a$8els of Ihe charilabl8 company and hence for takSng ieasonablè steps for the prevention and delectlon of fraud and other Irregularllles.
CHANGING PATHWAYS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CHANGING PATHWAYS Opinion We have audlled Ihe financial statemenls of Changlng Pathways (the 'charilable company,) for the year ended 31 March 2025 which comprlse the statement of Ilnanclal acllvities, the balance sheet. the slalement of cash flows and the notes to the financial statements, including slgnificant accounling pollcies. The financlal reporting framework that has been applied In thelr preparation Is applicgble law and Uniled Kingdom Accounting Standards, includSng FRS 102 The Financial Reportlng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our oplnlon, the financial slalement$: glve a true and fak vlew of lh& stale of the charitable company's affalrs as at 31 March 2025 and of Its incoming resources and appllcalion of resources. Including rts income and 6xpenditure, for the year Ihen endèd- have beon properly prepaFed In accordanc8 wlth United Klngdom Generally Accepted Aecountlng Practl¢&', and hava beon prepared In accordance wlth the requlrements of the Companlès Acl 2006. Basls for oplnlon We conducted our audll accordance wllh Intematlonal Standards on Audlllng (UK) IISAS {UK)> and appllcable law. Our respon$lbllillès under those standards are further descrl)ed in the Audltoffs responslbllilles for lh8 8uclIt of lh& flnanclal slalements sedlon of our report. We are independent of the charitable company in accordance wlth the 8lhlcal requlremenls that are relevant to our audit of the finan¢lal slatemenls In the UK, Including the FRC'S Elhlcal Standard, and w8 have fulfilled our olher ethical responslbilitie$ in accordance wllh these requlremenls. W8 believa thal the audlt evldence we have obtalnèd is sufficient and appropriate lo provlde a ba616 for our opinlon. Concluslons relatlng to golng concern In audlllng the flnancial statemen18. we have conclvded that the trustees, use of th8 golng concern bas18 of accountlng In the preparallon of the financlal statements is approprlate. Based on Ihe work we have performed. we have not identified any malerlal uncert81ntles relating to evenls or condlllons that, Individually or colle¢tlvely, may cast slgnlficanl doubt on the charllable company's abllily to contlnu8 as a golng concern tor a perlod ol at least e1ve months from the flnan¢lal statements are authorlsed for Issue. Our respon5ibililles and the iesponsibllllles of the Irustees wilh respect lo golng concern are descrlbed In th6 relev8nl section8 of thls report, other Informatlon The other Informatlon comprises the Informatlon Included in the annual report other than the financial stalèmenls and our euditor's report thereon. The trusle8s are responslble for the other Information contained w5thln the annual report. Our oplnion on the financial statements does not ¢over the other informallon and, except to ihe extent othewlse expllcllly stated in our report, we do nol express any form of assurance conclusion thereon. Our responslbllity is to read Ihe other information and, in doing so. consldar wholh8r the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the course of the audit, or otheNAse appears lo be materially mls8taled. If we Identify such materlal Inconsistencies or apparent material mlsstatements, we are regulred to determina wh8lher this gives rise to a material mi5slalement in the financial statements themselve5.1f, based on the work we have performed, we conclude that there is a material misslatem8nl of this olheT information. we are requlred to reporl that fact. We have nolhlng to report In this regard.
CHANGING PATHWAYS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHANGING PATHWAYS oplnlons on other matters prèscrlbed by the Companles Act 2006 In our oplnlon, based on the work undertaken In the course of our audlt.. the inform811on given in the Iruslees, report for the financial year for which the financial statements are prepared, whlch Includes the directors, report prep8red for the purposes of company law, is consislenl with the financlal statements., and tho direclors, report Included wlthin the trustees, report has been prepared in accordance with appllcable lègal requlremenls. Matters on whlch wo are requlfod to report by èxceptlon In the Ilght of the knowledge and understanding of the tharltable Gompany and Ils environment obtalned In the course of the audlt, V havé not klenllfled mateilal mlsstatements In the dlreclors, report inGluded wllhln Ihg trustees, reporl. W8 have nolhing to report In re8pect of the follo¥j matters In relatlon to whlch the Companle$ Acl 2006 requlre$ us to report to you If, In our oplnion: adequate accountlng records have not been k8Pt, or return8 adequate for our audlt have not b8en recelved from branches not vlslled by us- or the Ilnanclal statements are not in agreement wlth the accountlng r6cord$ and r6turn8', or certain disclosures of trusle8s' remunerallon specified by law are not made., or we have not recelved all the Informallon and explanatlons we requlre for our audlt., or the Iruslees were not entltled lo prepare the finan¢lal statements In accordance wlth the small compan1e8 reglme and take advantage of th6 small companla$' &xemption8 in pr6P8rlng the IN$tees' report and from the requlrement lo prepare a strateglc report. Respon51bllllles of trustees As explalned mor8 fully in the statement of Iruslees, responslbllltles, the Irustees, who are also th& dlreclors of the charitable company for the purpose of compar)y law, are responslble for the preparallon ol the financlal statements and for belng satlsfied that they give a true and fair view. and for such internal control as the trustees determln618 necessary to enable the preparatlon of financlal statemenls that ar8 free from materlal misslat8m8nl, whalher due to fraud OT error. In preparln9 the financl&l slalemenls, the Iru3teps are responslble for asses81ng Ihe charStable company's abllily to continue as a golng concern. disclosing, as applicable, matters related lo golng concem and uslng the golng conc8m basls ol accounllng unless the Iiustees ellher intend to Ilquldate the charitable company or to cease operation8, or have no reallsllG allemallve bul to do so. Audltor's r88ponslbllltl8s for the audlt of the flnanclal statemonts Our oblectlves are lo obtaln r8ason8ble a88urance about whether th8 financial stal8ment8 a8 8 whole ar8 free from malerlal mlsstalement, whelher due to fraud or error, and to Issue an auditor's report that includes our oplnlon. Reasonable assurance Is a hlgh level of assurance but is nol a guarantee that an audlt GonduGted In accordance wllh ISAS (UK) will always detect a malerlal mls5tatement when 11 exist9. Misstatements can arise from fraud or error and are considered malorial If, individually or In the aggregate. they could reasonably be expected to influence Ihe o¢onomic decisions of users taken on the basls of these financlal statements. The exlent lo whlch our procedures are capable of detecting irregularitie8, Includlng fraud, is detailed below.
CHANGING PATHWAYS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHANGING PATHWAYS Capablllty of tho audlt In detecting Irregularity, inGludlng fr&ud We Idenlifled areas of laws and re9ulalions Ihal could reasonably be expècted to hav8 a material effect on the financial statèments from our: general commercid and sector experience; through verbal and wrltten communlcallons wlth Ih08e charged wilh govemance and other managemenl; and vla Inspectlon of the charity's regulatory and legal ¢orre8pondenc8. We dlscus6ed wllh those charged with governance and other managemént thé pollcles and procèdures regarding compllanc8 wlth laws and regulatlons. We ¢ommunlcated Identifd laws and regulatlons to our team and remain8d alert to any Indlcalor8 of noncompllance throughout Ihe audlt, we also speclfically consldered wh8r8 and how fraud may occur withln the charlly Th8 polentlal effect of these laws and regulatbns on the financlal stalements varle8 ¢onslderably. Flrslly, the charitable Company 18 subject to 18WB and regulatlon8 that dir8clly affect Ihe finan¢lal $tatèmont8, Includlng.. the charilable Company's constilullon- relevant financlal reportlng standards. Gompany law., the Slalem6rtt of R¢¢ommended Pfoclice applicable lo charllies preparing their financial statements in accordanGe wlth FRS 102 {elfectiv6 from 1 January 2019) and we assess th6 extent of ¢omplian¢e wilh these laws and regulalions a8 part of our procedures on the related flnancial statement Itéms. Secondly the charitable company is subject to many olher laws and regulatlons where the consequencè8 of non- compllance could have a malerfal effect on the amounts or dlsclosures In the financial stalemenls, for instance through Ihe imposlllon of fines and penallles, or through108se8 arising from Iltigalions. We id8ntifled the following areas as those most Ilkely lo have such an affè¢t.' legislation directly applicable lo charities sector such as the Charltles Act 2011,. employmenl legislation., health and safely leglslallon., safeguardlng legislation,. th& regulatory rèquiremenls of the Chaiily Commlsslon and data protection legis181ion. Intemat(onal Aiidlling Standard$ (UK} Ilmil the requlred procedures to Idenllfy non-compllance wlth Ihese laws and rogulalion8 to the procedures, and no procedures over and above those already noted are requlred. Thesa Ilmlted procedures dld nol Ident any actual or suspecled non<ompllance which 18W5 and regulations that could hav8 materlal ImpaGt on the financial 8latements. In relatlon to fraud. we performed the fdlowlng sp8clfic procèdurès in addllSon to thosè already noted: Challenging assumpllon8 made by managemenl In its slgnificanl accountlng esllmales In partlcular: recogn5tlon of Income., Idantlfylng and tesllng journal entrles, h partlcular any entrles posted wllh unusual nomlnal ladger account combinations., Perfomilng analyilcal procedures to identlfy unexpected movements In account bolances which may be Indlcatlve of fraud: Ensuring that le8tlng undertaken on both the Statement of Financlal Activity {SoFAI and th8 Balance Sheet Include8 a number of Items selected on a random basls. These procedures dld not Identfy any adual OT suspected frauckjlent Irregularily ihat Could have 8 material Impact on the financlal statements. io-
CHANGING PATHWAYS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CHANGING PATHWAYS Owing to the Inherenl Ilmitations of an audit. there Is an unavoldable rlsk thal we may not havè dètected some materlal mlsslatements in the nnancial statements, 8van though we have properly planned and performed OL*r audlt In accordance wtth Internatlonal Audlllng Standard8 (UK). For example, tho further removed non-compllan¢e wlth laws and regulations is from the events and Iran8actlons reflead in the financial statements, tha 188s likely the procedur88 that we are required to undertake would Idenllfy It. In addltion, as wlh any audlt. Ihere remalns a hlgh rlsk of non-detectlon of Irregularilles, as these might involve colluslon, forgory, intentional omissions, misrepresentatlon, or the overrlde of Snlernal controls. We are not Tesponsible for preventing hOn.Gompllantte wlth laws and regulations or fraud, and cannot be expected to d8t8cI non-compliance with all laws and regulations or ev8ry incidence of fraud. A further descr5ptlon ol our responsibilltlés f the dit of the financial slatements Is located on tho Flnandal Reporting Coun¢ll's website al.. http.'IIKvM.frc.org.ukJauditorsr96ponsibilities. This description forms part of our audlto¢s report. Uso of our report Thls report Is mad& solèly to the charitable companV5 members, as a body, in accordance with Chaptor 3 of Part 16 of the Companies Act 2006. Our audit work has been LJndértakèn so that W8 mlght 8tal8 lo the ¢harllable company's mèmbers those matters we are requlred lo stale to them In an auditors, report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other Ihan the charitable company and the charltable company's members as a body. for our audlt work, for tN8 report, or for the oplnlon8 we have formed. Kate enlor Statutory Audltor) For and o beh811 ol Rickard Luckln Limited. Statutory Auditor Chartered A¢count8nt$ Sulle 8 Phoenlx House Chf18topher Martln Road Baslldon Essèx SS14 3E Date.. 11
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CHANGING PATHWAYS BALANCE SHEET AS AT31 MARCH 2025 2026 2024 Notes Flxed assets Tan9ible asset8 12 38.691 51,911 Current assets Deblois Investm8nls Cash at bank and In hand 13 14 164.386 1,026,518 921,429 453.310 1,652,101 2,112,331 2,105,411 Credltors.. amounts falllng due wlthln on• year 15 (158,920} (131,928) Net current assels 1,953,411 1,973,485 Total assèts lè85 currènt Ilabllltl6s 1,992,102 2,025,396 Thé funds of th• ¢harltablo Company Reslilcled income fund8 Unrestrlcted funds - general Unrestrictod funds- dèslgnaled 16 1.025.698 909,514 36,962 1.078,920 17 966,604 1,992,102 2,025,396 The Iln8nclal statements were approved by th& twstees on .. K Splcer Trustèè Company regl$lYatlon number 09941590 (England and Wale5) 14-
CHANGING PATHWAYS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operallng actlvitiès Gash generated froml(8bsorbed by) operatlons 22 255,420 (102,6211 Invosllng actlvllles Purchas& of langlble fixed assets Inve8tment Income received (2,218) 42.642 19,479 Net cash generated from Investlng acllvltles 40,424 19,479 Net cash generated from flnanclng actlvltl88 Net Increasel(decrèasè) In cash and cash equlvalents 295,844 (83,142) Cash and cash equlvalent6 al beglnning of year 1,652,101 1,735,243 Cash and Gash equlv41onts at end of yèar 1.947.945 1.852,101 Rolatlng to: Cash al bank and in hand Short term deposlts Included In current asset Inve$lment6 921,429 1,862,101 1.026,516 15-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AccountEng pollcles haylty Informatlon Changing Pathways is a private company limited by guarantee incorporated In England and Wales. The reglslered offi¢e16 Parklands ¢entre, Felmores End. Felmores. 8a8ildon. Essex, SS13 1 PN. 1.1 Accountlng conventlon The Ilnanclal statements have been prepared in accordance with the charitable company's Artlcles of Assoclatlon, the Companies A¢1 2006. FRS 102 "The Financial Reportlng Slandafd applicable in the UK and Republic of Ireland. ("FRS 102°) and the Ch8rltle5 SORP 'Accounling and Reportlng by Charitles.. Statement of Recommended Pracllce applicable to charlties preparing their accounls in accordance wlth the Flnanclal Reportlng Standard Bppllcable In the UK and Republic of Ireland {FRS 102)" (effectlve 1 January 2019). The harltable company Is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In stérling. whlch Is the funcllonal currency of the Gharllable company. Monetary amount8 In these financial statement$ are rwnded to the nearest £. The fflnanclal statomenls have been prepared under the historical cost convention. The prlnclpal ac¢ountlng policles adopted are Sel out below. 1.2 Golng concern The nature ol the Charlty's fundlng Is such that 11 relies on annual awards from local aulhoiilies and other charitable bodi6s. Income from grants is expected to Temain consislenl for Ihe comlng flnan¢iel y&ar, and 85 such the Iruslees do not have any concem ovef Ihe ch8rlly'S ablllty to OP8rat8 for at18ast 12 months from Ihe dale of slgnlng the financial statements. Al the Ilme of approving the finan¢lal statements, the trustees hav6 a feasonable expe¢latlon that the charllable company has adequate resourceg to continue in operational exl$ten¢e for the foreseeable future. Thus the trustees conllnue to adopt the golng concern basls of a¢counllng In preparlng th8 financlal statements. 1.3 Charltable funds Unr8glrlct8d funds are avallable for use at Ihe discrellon of Ihe trustees In furtherance of their charitable oblecllves. Deslgnated funds Comprlse funds which have been set aslde al the dlscrètlon of the truslees for speclflo purposés. Deslgnat8d funds can be undesignated If necessary. Tha purpos88 and uses of the deslgnated fvnds are sot out In Ihe notes to Ihe financlal statements. ReslTicled fund8 arè subj8Ct to specific condilion$ by donors or grantors 83 to how Ihey may be used. The purposes and uBes of the restricted funds are set out in the note8 to the financial stalements. 1.4 Incomlng resources Grant Income is recognised when the charitablè company is legally entitled to It after any performance condltlons have been met, the amounts can be m8asured rellabty, and It is probable that Income wlll be received. Grant Income Is deferred to th8 extent that il has been receiv8d but the rlght to the income is fecognlsed in future accounting perlod in order to match wilh perform8nce under the terms of Contracl. Housing benefit income Is recognlsed when Ihe charitable company is legally entitled to It, the amounls can be measured reliably. and il is probable that income will be received. 16-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poliGles {Contlnued) Cash donations are recognlsed on receipt. other donations are recognlsed once thè charltable company hos been notllled of the donallon, unless performance conditions reqblre deferral of the amount. Income lax recoverable In relallon lo donalSc>ns recèlv6d under Gift Ald or deeds of covenant is recognlsed at the tim8 of the donation. Fundialsing In¢ome18 recognlsed on recèipl. Donallons of toys for use by th6 charltable company are recognis8d where the esllmated value of the donated loy exceeds £50. 1,6 ResouoS oxpendod All expendlture18 accounted for on an a¢crual$ basls and has been classlfied under headlngs that a99regate all costs related to Ihe category. Where costs cannot be dliectly attbuted to partlcular headlng6 they have been allocated to acllvilles on a basis consistent wilh use of the resources Including a category for costs directly related lo management and running of the charliy. Fund-ralslng costs are Ihose Incurred In 8eeklng voluntery contrfbullons 8nd do nol Include Ihe costs of d18s8mination of Informatlon In support of the charitab16 acllvllies. Support costs are Ihose costs Incurred dlreclly In support of 8xpendltures on the oble¢ts of the charity and Sn¢lude project management c8rrled oul at Headquarters. Governance cost8 are th08e IncurTed In conneclion wllh compllance wllh constitullonal and stalutory requlremenlB. Trustees conslder Ihat overhead costs are largely attrlbulable lo ProdIng oulreach and refuge. which are the the main aclivilies of the charlty. Therefore, they consid8r that 12.5% of Incorne Is an appropriate basis by whl¢h to allocale support and governance costs. 1.6 Tanglblè flxed assets Tanglble tlxed assels are Initlally measured at C08t, nèt of depreclatlon and any 1mpalnnent10s88s. Deproclallon Is recognls8d so as to wrlte off the cost or valuatlon of assets less Ihelr resldual v81ue8 OV8r ihelr useful Ilve8 on tho followlng b88es'. Reluge ffixlures and fittlngs Fixture8 and fittln98 Motor vehlcle8 25% reduclng balance 250kn reduclng balance 25% reducing balance The gain or loss arising on the d5sposal of an asset Is determlned as the difference b¢een Ihe sala proceeds and the caTrylng value of the asset. and IB recognlsed In the Statement of flnanelal actlvllles. 1.7 Impalmient of flxed assels At oach reporting end dale. thé charltable company revlew$ th8 carrylng amounts of Ils tangible asaots lo delermlne whelher there Is any indication that Ihose assèls have suffered an impairment loss. If any such Indicalion exist5, the recoverable amount of the asset is estimated in order lo deteine thè ext8nl of the lrnpaiTmenl loss (if any). 1.8 Cash and cash equlvalonts Cash and Ga5h equivalents include cash In hand, deposits held al call wilh banks and other short-term liquld Investments with orlginal maturities of three months or less. 17-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 AGcountlng pollcles {Contlnued> 1,9 Flnanclal Instruments Th@ charitable company has elecled lo apply Ihe provislons Df Secllon 11 'Baslc Flnanclal Instruments. and Se¢llon 12 '01her Flnancial Instruments Issues, of FRS 102 to 311 of ils financial instruments. Flnan¢ial instruments are recognlsed in Ihe charitable Company's balance sheet %then the charilable company becomes party lo the contractual provlsSons of thè instrument. Flnanclal assets and liabilltie8 are offset, wlth the net amounls presented In the financial statements, when there is a legally enforceable rlghl to sot off the recognlsed amounts and there Is an inlentlon lo settle on a net basls or to reallse the asset and settle the Ilability slmultaneously. Baslc flnanclal assets B8slc financial as8ets, whith Include debtors and cash and bank balanc88, are Inltlally mèasur8d at transactlon prlce Includlng transactlon costs and are subsequently carr16d at amortised ¢ost uslng th& effectlve Interest method unless the arrangemenl constitutes a financlng transaclion, where the transacllon Is measured at Ihé présent value of the future re¢elpls discounted al a market rale of Interest. Financial assets ¢las$lfled 8$ re¢èivable within ona y8ar are not amortlsed. Baslc Ilnanclal Ilabllltles Bas1¢ financlgl Ilabllilies, Includlng credmors are initially reGognlsed at Iran8actlon prlc8 unless the arrangement constitutes a financing transacllon, where the debt Instrument Is measured at the present value of the fulure payments dis¢ounted at a market rale of Interest. Flnanclal Ilabllllles ¢lassifi8d as payable wlthin one year are not amortlsed. Debt Instrumen18 are subsequently carrled at amortlsed c08t. u3lng the effecllve int&reyt rale m8lhod. Trade credltor8 are obllgalions to Pay lor good8 or 88Nlce8 that have been acqulr8d In the ordlnary course of operallons from suppliers. Amounts p8yable are classlfled as current Ilabllilies If payment Is duo 1h1n one year or less. If not, they are presented as non-current liabllities. Tradè credilors are recognis8d Inillally at transaclSon pilea and Subsequenlly measured at amortlsed cost U51ng Ihe effectlve Inleresl method. Deracognltlon of Ilnanclal Ilabilltles Flnancial liabllitles are derecognlsed vthen the charltable company'$ Contractual obllgations expire or are dlscharged or cancelled. 1.10 Employee benoflts Th8 cost of any unused holld8y enutlement Is recognSsed in the period In thich the employee's servlces are recelved. Terminallon benefits are re¢ogni$ed immediatety as an expengo when the charllable company Is demonstrably Gommitted to terrrunate the employment of an employee or to Pfovide termlnatlon benafits. 1.11 Retlrement bènèflts Payments lo defined contrlbullon retirement benefit schemes are charged as an expense as Ihey fall due. Prlor to May 2016. employees were entitled to loin the dred beneflt scheme operated by Essex County Councll. Although the Penslon Fund is a defined benefll scheme, bevause Changing Pathways, as a Small Admitted Body, has been grouped togethei with other Small Admitted Bodies, il is not possth)le to separately Identify its share of the underlying assets and Ilabilities and il Is thèrefore accounled for as 8 deflned conlrlbullon scheme. The assets of the seheme we held separately from those of the charlty. The pension ¢osl charge repre8ents conlributions payable by Ihe charity to the fund. 18-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crltlcal accounllng estlmates and Judgements In the appllcation of the Chrtable company's a¢¢ountlng pollcles, the trustees are requlred to make ludg8menls, estimates and assumptlons aboul the carrying amount of assets and Ilabilitles Ihal ar8 nol readily apparent from other sources. The eslimale5 and associated assumptions arg based on historical Éxpèriènc6 and olh6r factors that are considered to be relevant. Aclu81 results may differ from these estimates. The estimates and underlylng assumpllons are rovi8wod on an ongoSng basls. Revislons to accountlng esllmates are recognlsed in the perlod in whlch the esllmale Is revlsed where the revlslon affects only Ihat period, or In the period of the revlsion and future perlods where Ihe revision affects both Gurrent and futur8 periods, Crlllcal Judgements In¢omè réeoghltlon The Trustees exerc15e judgement In applylng the accounting poll¢y for re¢ognl8lng grant Income. Grants are revlewed on an Indivldual basis lo Identify vthen any performance condltions are met, and there Is uncondltional entitlement to the grant, such thal income can be recognised In Ihe Statement of Financlal Aclivilies. Vvhere perloimance condlllons have nol been met the 9rant Income18 daferred. 19-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable aGtlvitl8S Outr•a¢h Rolug• Total 2026 Total 2024 Grants Laundry Ulillties Housing benefit 1,549,028 529,820 2,078.848 298 296 74,789 74,789 604,035 604,035 1,905,725 932 64,349 553,832 1.549,028 1,208.940 2.757,968 2,524,838 Analysls by fund Unreslrlcted funds- deslgnated Restricted funds 909.523 909.523 639,505 1,208,940 1,848,445 1,549.028 1.208,940 2,757.988 For the yèar ondod 31 March 2024 Unreslricl&d funds - deslgnaled Reslrlcted funds 903,595 461,512 1,159,731 903,595 1,621,243 1,365,107 1.169,731 2,524.838 Performan¢• related granls cyp Thurrock refuge Bilghter futures EDAPP Basildon refuge New burdens MOJ EIDAS 214,224 214,224 155,510 86,002 80,000 228,000 157,485 295,510 903,218 88,003 80,000 86,003 80,000 228.000 298,312 257,278 909,523 228,000 298,312 257,278 909,523 1,549,028 529,820 2,078,848 1,905,725 -20-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incorne from fundralslng Unro8tricted Unrestrl¢ted funds funds 2026 2024 Other fundralslng events Charlly ball Other Income 3,575 50,054 2,148 5,120 32,595 Fundralslng 55,777 37,715 Incom8 from Investments Unroslrlctod Unr8Strlctod fund5 funds 2026 2024 Interest recelvable 42,842 19,479 other Incom• Unr8strlct8d Unreslrlctod funds funds 2026 2024 Net loss on dlspo$al of tangible fixed assets (2,088) 21
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltablo actlvltles Oulreach 2025 Refuge 2026 Total 2025 Outreach 2024 Refuge 2024 Total 2024 Dlrect costs Slafl costs DepreGiation and impalrment Minibus and tiavel Tèlephon8 charges Admln and prhting Utllltles EqU)rnent. repairs and renèw8ls Chlldren's coun6elllng, tulorlng and nursery cost8 Compuler costs Household expenses Insurance Rent and rates Tralnlng Legal and professlon81 fees Fund ralslng 1,386,390 386,674 1,773,064 929,253 431.105 1,360.358 3,242 4.939 12.001 8,505 <14.500) 1,376 3,947 10,650 5,780 81.271 4.618 8,886 22,651 14,285 86.771 3,614 4,270 7,403 8.187 2,103 4,453 6,787 5,350 65,912 5,717 8,723 14,190 11,537 85,912 1,490 71,875 73,365 8,741 57,786 66,507 17,839 67,126 84,985 18,380 1.806 2,054 125,853 508 41,839 1,439 317,190 5,811 144,233 2,314 43,893 1,439 328,575 20,420 1.440 250 8.387 1.648 55,612 3,187 333,810 3,525 57,052 3,437 342.197 5.173 11,385 14,609 4,96S 18,607 5,729 315 10.694 18,922 7,863 14,708 3,000 10,863 14,708 1,455.203 1.030,877 2,486,080 1,030,273 1.069.116 2,099,389 Share of support and govefnan¢e costs (see notè 8 Support 204,628 239,730 Governance 38,990 444,358 38,990 167,608 252,743 46,468 420,351 46,468 1,659,831 1,309,597 2,969,428 1,197,881 1,368.327 2,566,208
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on charltsble activities {Contlnued} Analysls by fund Unreslri¢ted fund8 - general Unr8strict•d funds- deslgnated Restricted fijnds 3.147 124.811 127,958 15,708 205.772 221,480 1,071.320 1,071,320 585.364 1,184,786 1,770,150 789,708 789,706 392,467 1,162,555 1,555,022 1,659,831 1,309.597 2.969,428 1,197,881 1.368,327 2,568,208 Support ¢osts allocatfrd to actlvltle5 2026 2024 staff costs Depreciallon Minlbus and travel Telephone charges Admln and prlntlng Rent, rates and utllllle8 Equipm8nt repalrs Tralnlng and recrultment Household expenses Insurance Bank charges Governance Go818 234,198 8,732 620 44,086 47,426 {4.633) 75,249 9,468 6,754 18,685 3,775 38,990 193,738 11,587 9,258 41,561 23,000 1,348 90.335 22,010 7,347 16,816 3,351 46,488 483,348 468,819 Analysed botWO0n: Outreach Refuge 204,628 278,720 167,608 299.211 483,348 466,819 Govemance costs Includes payments to the audilots of £18,190 (2024- £21.208) for audll fees and £4,909 (2024.. £2,184) for non-audit fees. Trustees None of thè trustees (or any pefsons connected with them) received any remuneratlon from the charltable company during the current or prevlous year. In the Previous year it was docided al Chrl8lmas for all trustees In the office, alongside slaff members, lo be given a gift card to Ihe value of £50 to recogn15e thelr work. Thls was repaid to the Gharlty during the year. No relmbursement of expenses has been made or is due to be made lo any of Ihe trustees In respect of the current or prevlous year, -23-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Taxatlon The Gharfty is exempt from taxation on rts activities because all its income 18 applle(I for charitable Pufposes. 11 Employees 2026 Number 2024 Number Caring servlces Admlnl$trallon of the charlty 45 44 Total 51 50 Employment costs 2025 2024 Wages and salaries 2.007,262 1,554,096 Included wlthln wages and salarles Is a redundancy paymenl lotalting £13,438. In 2024 a 8etUement payment of £30,000 was made ofwhich £20,000 was covered by Insurance The number of employees whose annual remuneratlon was more than £60,000 is as follows. 2026 Number 2024 Number £70,000- £80,000 Romun8rallon of kèy management personnel Th8 rémuneratlon of kèy management personnel was as follows.. 2026 2024 Aggregate compensatlon 84.873 79,630 -24-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglble Ilxed assets luy Flxluyos and Ilxtures and flttlng$ flttlngs Motor vehlcl88 Total Cost At l Apill 2024 Addlllons Disposals Reclassification 41,649 95,898 2,218 (4.266) 2,513 14,000 151,545 2,218 (12,339) (8,073) (2.513) At 31 March 2025 31.063 96,361 14,000 141,424 Depreclatlon and Impalrment At 1 Aprll 2024 Depreciation Charged In the year Ellmlnated In re8pe¢t of disposals Reclasslficallon 26,716 3.168 {6,474) (746) 84,824 8,705 (3,777) 748 8.094 1.477 99.634 13,350 (10,251) At 31 March 2025 22.664 70,498 9,571 102.733 Carrylng amount Al 31 March 2025 8,399 26,863 4,429 38,691 At 31 Mar¢h 2024 14,933 31,072 5,908 51,911 13 Deblors 2026 2024 Amount8 lalllng due wlthln one year: Trade debtors Other debtors Pr8paym8nts and a¢¢rued Income 63,001 6,417 94,968 354,899 2,527 95,884 164,386 453.310 14 Currènt asset Investments 2026 2024 Cash equlvalenls on deposll 1.026,516 -25-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Credltors: amounts falling dua wlthln onè year 2026 2024 other taxation and soclal securlty Trade creditors Other credllors Accruals and deferred Income 28,050 102,578 7,554 20,740 29,555 85,812 18,098 20,461 158,920 131,926 18 Roglrl¢ted lund$ The restrlcled funds of the Gharlty comprlse the unexpended balanc88 of donations and grants held on trust 8ubJect lo spedflc condltbns by donors 88 to how Ihey may be used. At 1 Aprll 2024 Incomlng Rosources rèsourcos expended Transfors Al 31 March 2026 New Burdens EDAPP ISAS Chlldren & Young People Refuge Brlghter future8 BME MHCLG Resettlement 819 Lottery MOJ ECF Oulreaeh 153.338 101.735 2.375 28.596 418.381 38,345 23.733 5,957 9,082 3,201 124,214 557 142,451 80,000 (105,821) (96.338) 11,062 201.030 85,397 2,375 7,327 430,831 54.288 23,733 5,707 9,082 1,901 199,607 557 3,983 214,224 1,096.892 86,003 (235,493) (1,078,966) (70.080) (5,676) (250} (1,300) (181,885) 257,278 4,000 (17) 909,514 1,880,848 (1,770,150) 5,386 1,025,598
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 R¢strlcted funds Icontlnued) Prgvlous year: At 1 Aprfl 2023 Incorning Resourcès resourGO9 expended Transfer8 At 31 March 2024 New Burden$ EDAPP ISAS Children & Young People Refuge Brighler fulures BME MHCLG R686tllement Blg Lottery MOJ ECF 151.626 72,358 2,503 28,596 387,298 24,291 26,815 5,957 9,082 3.201 92,448 3,500 157.485 80,000 (155,773) {50,623) (128) 153,338 101,735 2.375 28,596 418,381 38.345 23,733 5,957 9,082 3,201 124,214 557 1,025,900 86,002 (1,006,782) {71,948) (3,082) 11,965 295.509 (263,743) (2.943) 807.675 1,644.898 (1.555.022) 11,965 909,514 EDAPP Prol6et - Fundlng 18 reslrfded to provlng servlces under the Essex Domestic Abuse Partnershlp Project in conjunction with Col¢hesler and Tendring Women's Refug8. ISAS Project - Fundlng re¢eSved from the Blg Lottery Fund Is reslrlcted to provldlng Ihe Independenl Stalklng Advocacy Service. Chlldren & Young Peop18 - Fundlng recelved to help 8UPPQrt chlldrén and young people who are affected by domesll¢ vlolence, Refuge - Fundlng from ThUOCk, Baslldon and Rochford Councll18 restrlcted to provldlng refuge s&Nlces, Bilghter future8- Fundlng Irom ThurroGk Is restrlcted to early Int8rv8ntion of dom88tlc abu$e. BME- Fundlng Is reslrlcted lo providlng support to black, minorlty and ethnlc communltles. MHCLG - Funding received to provide domestic abuse safe accomm¢xlallon. Resettlement - Fundlng is feslrlct8d to support women affected by domestic vlolence to move on from refug8 8c¢ommodatlon Big Lottéry- Funding used to dellver acthvltles speclfically almed lo support communlttes, MOJ - Funding for the delivery of sefvlces for domesllc abuse and sexual vIolen sèrvlces. New burden8 - Fundlng to support safe accommodation. therapeutic intervenlion and support children in the refuge. -27-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestrlcted funds . deslgnated These 8r9 unrestricted funds whlch are material to the charitable companvs activities. At 1 Aprli 2024 Incomlng resources Rosources exponded Transfers At 31 MaKh 2026 Capltal Rent Contlngency Frlends of Changing Pathway8 EIDAS 17,513 100,000 16.655 74,104 870.648 (1,476> 16,037 100,000 16,655 153,458 680.356 39.987 909,523 (43.075) (1,026,769) 82,440 (73,046) 1.078.920 949,510 (1,071,320) 9,394 966,504 Prevlous year: At l Aprll 2023 Incomlng resourcès Resources èxpended Tran$for8 At 31 March 2024 Capllgl Rent Conllnggncy Friends of refuge klds EIDAS 19,482 100.000 16,65S 109,784 871,524 (1,969> 17,513 100,000 16,655 74,104 870,648 43,383 903.595 (67,059) 1720,678) (11,964) (183,793) 1,117,425 946,958 {789,706) (195,757) 1,078.920 Deslgnated caplt81 fund - The balance repre$enls a minibu8 lund. Thls lund Is made up of elements, a cash element and also a capllal element, The cash element 13 a reseNe that 18 bulll up lo enabl8 the organls81ion to purchase a new minlbus when the need arises. The capital element Is the wrltten down value of the minlbu8. Deslgnaled rent reserve fund - The renl reserve fund. transferred from Bosildon Women's A5d, wafy Set up In 2008 as a condlllon of a new lease agreem8nt. It is Intended that the fund hold at least a mlnlmum of I months of operating Costs in reserve al any one time. In vlew of rlslng cosls, It has been decided by Ihe Twstee Committee Ihat th8 balance In IIMS fund should not be le88 Ihan £100.000. De$lgnaled Contlngency fund - Thls ftMKI is for any unforeseen and conllngont events that may occur. It ha8 been de¢lded by the Trustee Commlltee that the balance in th18 fund should not be less than £15,000. Designated Frlend8 of Changing Palhways fund - Thls lund wa8 sel up lo collect the Income and cover the costs of charlty event8 held to ralse money primarily for, but not restricted to, the children at the refuge. Essex Integrated Domestlc Abuse SeNices- Fundlng to support vl¢tlms of domesllc abuse and thelr f8milie$, ineludlng provlslon of a family unit inciuding offering life skn'lls and resources to rebuild their lives. -28-
CHANGING PATHWAYS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Analysls of not assets boiween fund$ Unrestrlctad Unreslrl¢ted fund8 fund8 general deslgnated 2025 2025 Restrlcted funds Total 2025 2025 Fund balances at 31 March 2026 aro Mprosentfrd by: Tanglble assets Current a8Setsl(liabllitle8) 24,747 (24,747) 6,115 960.389 7.829 1,D17,769 38,691 1,953,411 966,504 1,025,598 1,992,102 Unrestrlcled Unregtrlcted fund8 fund8 g•n8ral deslgnated 2024 2024 Restrl¢ted fund8 Total 2024 2024 Fund balances at 31 March 2024 are roprasonted by: Tangible assets Current as8otsl{Ilablllties) 34.762 2.200 6.906 1,073.014 11.243 898,271 51,911 1,973,485 36,962 1,078,920 909,514 2,025,396 19 Flnanclal commltmenls. guarantees and ¢ontlng&nt Ilabllltlos Multl-employer deflned benefit pen$lon 8chome: On 815117 all penslon schemes were Iransferred over from BasNdon Women's Ald to Changlng Pathw8yS, Prlor lo May 2016, employees were entitled lo loin the defined benefit scheme operated by Essex County Councll. Although the Pension Fund is a defined benefit schèmé, because Baslldon Women's Ald, as a Small Admltted Body, has been grouped together wllh other Small Admitted Bodies, it is not possible to separately Idenllfy ils share of the underlying asset6 and liabililles and il is therefore aGGounled for as a d8fined contrlbullon scheme. The assels of the 5¢hem8 are h8ld separately from those of the charSty, The pension cosl charge represents conlrlbutlons payable by the charity lo Ihe lund. The charlty is requlred lo pay add511onal contribullons as requlred towards the Charlty's share of the deflGIt. Thes¢ ¢onlrlbutlons ere charged as on exponse as Ihey fall due. From May 2018, membershlp of Ihl8 scheme has ¢eased and employees are now entllled to join a deflned ¢onlribution scheme. -29-
CHANGING PATHWAYS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Ratlrement beneflt schemes
Defined contrlbutlon schomes
The charitable company operates a defined contribution pension s¢heme for all qualifying émployees. The
assets of th8 scheme are held separately from th¢)s8 of the charilabl8 company In an Independantly
admlnlstered fund,
The charge to Ihe Slalempnt of Financlal Adivitles in respect of defined conirlbullon schem83 was £29,866
12024,. £25,644).
21 Oporatlng leas0 commitments
At the reporting end dale the charftable company had outstandlng commltmenls for future mlnlmum lease
paymenls under non-can¢ellabl6 operallng leases, whlch fall du8 as follows.,
2026
2024
Wllhln one year
Between and five years
349,707
3,979
453,511
18,817
353,688
470,328
22 Cash géngratgd fromllab$orb•d by) operatlon8
2026
2024
(D8llclt)IsurpluB lor the year
133,294)
98,036
AdJustm6nt6 for..
Invoslment Income recogni8ed Sn 8tatement of flnandal actlvltles
Loss on dlsp0681 of tangible fixed asset6
Depreclatlon and Impalrmenl of tanglble ffixed assets
142,642)
2,088
13,350
<19,479)
17.304
Movemgnts In worklng ¢apltal:
Decreasel