APPROVAL Charity registration number 1178082 (England and Wales) Charity registration number SC054377 (Scotlandl ONLY A PAVEMENT AWAY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
APPROVAL ONLY A PAVEMENT AWAY LEGAL AND ADMINISTRATIVE INFORMATION Trustees A P Sophodides G J Mangham B St8ckhous8 MPWyatt A H Homby F EastW)d M Stanford JKoo P Pavli M Stoker sclOn E Mcclarkin R Silk A Wilby (Appointed 12 June 20241 (Appointad 12 June 20241 Charlty number {England and Waleo) 1178082 Charlty nUMr Iseotlandl SC054377 Roglstored offic• rjo The Reslauranl Group Pl¢ 5-7 Marshalsea Road London SE1 1EP Audltor Whilley Stimp30n Lirniied 1&15 High Street Witn*y Oxfordshi OX28 6HW Bank•r• Metro 8ank PIC 1 Southhampton Row London WC1B SHA
APPROVAL ONLY A PAVEMENT AWAY CONTENTS Pag• Trust885' report ststemgnt ol trustee5' resrxjnsl'litI8S Ind$p¢ndent ayditorfs report stst$ment financial a¢tiviti¢$ 12-13 8alan¢e $hegt 14 Statamant ol cash flows 15 Not&s to the financial statements 16-29
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2025 The trusiees present their annual reih)rt and financial ststements for the year ended 30 April 2025. The finanaal statements have been prepared in accordan the accountsng policies set out in note 1 to the financial statements and comply with the iarity's goveming document. the Charities Act 2011. the Charities and Trust88 Investment (Scotlandl Act 2005, the Charitie5 Armjnts ISrA)l8r} Regulation5 2006 185 8mend8dl and "Accounting and Reporting by Charibes". Statement of Recommended Pracbce applicable to charities preparing their accounts in accordance with the Finanoal ReFX)riing Standard applicable in the UK and Republic ol Ireland IFRS 1021" leffective 1 January 20191. ObSectlv•s and actlvltS•9 Only A Pavèmènt Away is a charity lounded by rèpresentativès from th• hospitality industry. Ob"&clivès For the public benefit to promote the relief of unemployment of vulnerable. soually excluded and socially disadvantaged people linduding but not limrted the homeless, prison leavers and ex-service personnel) by ovgrse8ing the deliv8ry ol programmes, services. and guidan in rospwl of thsir trdining, ¢mploym&nl and accommodation with a view to promoting their inlegration into society. Wo have ex¢e$d•d our obj•¢tyves by pla¢ing ¢umul4tye 710 mombors into work, training another 2,200 on our wod(shops, compleiing prison visits and holding recnJitment fairs In charill&s. Our targat for the year was to placa 250 mernbers into work. which we were pleased to achieve. Only A P8vement Away will act as the bridge to halp th find Ihemselv•s vulnèrablè andlor disadvant8g•d and are therefore struggling lo gel into work by: Off¥ring gmpbym&nt opporiunitig$ Ipbsl wthin th¥ industy., Facilitating training an¢J development programmes. uealing capability for work.. and Offering financial support lo overcome Ihe barriers ¢0 employment. induding support with renl and other ¢osls which may hinder $18kn'lity. The programme helps people laang or experiencing homelessness. induding those having to'sofa hop. veterans, Prison leavers, survivors of Oorneslic Abuse, Ih05e wilh leaming difficulb'es, menlal health issues, 8u115m and ¢Jisengaged youngsters, many of whom lace homalassnèss and crimè. It was in th& yaar èndèd 30th Aprfl 2025 that we placed our first member who has severe autism. It is important lo stréss that Only A P8v8mènt Away is noi a rècruitmènt 8geney and IS•S solaly on hèlping thos8 on the project find work, together wth, in some cases, offenng finanoal support. The money raised by Only A P8vem8nt Away is US lo support those returning to work, provide training and supplement the resOUrS required by Only A Pavement Away partner cganisatsons. to manage the project and promote the jobs available. Only A Pavemen¢Away has partne that pUtY fund Ihe project, together with operating partners who offer employment. Outside of Ihe rnoral benefits. the prcyect is under pinned by a strong o)mmercial and financial benefit lo the hospit81ity industry whilst reducing the ever-increasing strain on fvnding required for those who find themselves in such extreme circurn5tances. Public benefit The trustees confirrn that they have r8f8rred to th8 guidan( )ntained in the Charity Commission's g8ll8r81 guidance on public benefft when wewing the d)arrty's objectives and aims an¢J in planning future activitses. The trust8es have paTd due regard to guid8n(% iSSU8d by Charity comrn1s5K in deciding what actiVitS th8 charrty should undertake.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Chief executive's review of achievements and perforniance In the financial year May 2024 - April 2025 the charity saw continued growth. in both the number of people we placed into work Imembersl 8t 710, an increase of 250 year year, and the number of employers and charity partners Involved in the programme. The numbers ol those gaining empk>ymenl rTenvy stands at a total of 780. During the year we awarded c.£30k in granls, bringiThJ the cumulative awarde(l ovef 5 years to c.£72k. Our surveys show Ihal c.95% 01 our can¢Ji¢Jales feel better equipped to firKJ employment having attended one of our developmenvtraining sessions. Taking employers on prison visits aThJ rec¥uitment workshops has seen a 100% change in perception in employing prison leavers. We have bèen able to employ two n&w RelatKsnship Managers who wlll b& working to achieve our vlsk)n of securing jobs for 2.500 people faang homelessness over the next three years. Since the launch of our fully bespoke jobs txjard in October 2020, we now have 125 employers and 160 referral partner5 registered and slgnad up to tha employmnt pr(yJramme. Thè carIdat& Portal has lacilitatad an èasièr pathway but rèm8lns time consuming. Much of thé yéar was, 89ain, dedical6d to bringing in additional funding whilst idèntifying untappèd grant funding and sponsorship streams. We also looked al delem)ining which campaigns Only A Pavement Away would look lo run in the following year in order to enhance the understsnding of our members by the employers we work wth. The purpose would be to cre8le empathy whilst prornobn9 Ihe OnlyA Pavernent Away brand. The charity also has a unique model which is seen as tangible by its supporters. The main charities supporting our largeled beneficiaries are verging lowards housing and lObbn9, rather than employment, which has been both positivè and nèg81ivè lor us. After thorou9h investlgation. thè dslon was takèn that w8 should now work with survivors of domestic abuse antj I)se forced into the sex trade. We have assigned a Relationship Manager to take responsibility lor this segment. The Board of Trustees now stands at 14 members. v•ilh eX Wilby. a Partner at Epiris Private Equity, and Bob Silk. Acquisitions & Mergers Director at Bardays. joining the Board. The Board ol Trustees continues to review the strategy to ensure our tsctical plan is tK)th on track and rneets our objective5. The focus will be to support morè peopla facing hom818ssness Into car88rs vthhin hosprtalrty. Two ol our Core Pillars are identsfying and quantifying the social elernenl of Environmental. Social and GovÈrn8nc8 IESGI frarnework and dr8fting our Oigrtal Transfomi8titin Projéci IDTPI. DTP will prtswdè greater insight Into our partners, enhance funding techniques, bring 16 Excel spreadsheets under one mechanic, reduce bureaucracy, lengthen the length of swvi¢e ILOSI of our members. whilst supporting an innovative website. It will 8150 1ntrtxju a CRM system 8nd be de5wned io support 8nd cornplem8nt th8 ch8rity's growth over the next 5-10 years. Our lundraising has increased, which has Seen the tharity break the barrier 01 £1m income. Otjr airn 15 to n¢)w bring in funding from trusts, grants an¢J pphllanlhr0$ts. which to datè w6 havè faile(l tr) do. In order to do this, wè have engaged a specialist fund-raiser. W8 have now compl8t8d an overhaul of 811 our FxAiu85. form81ising 8 set of signed off w)Iiu85 and documentation which ensures we are compliant and meet full due diligence. The Chadie HR system and iHasco training platfornis are fully implemented with gU2r 1-2-1 as part of the charitys DNA. We are yet to complete and submrt 5 trade mark applicakn.ons ¥th the aim of protecbng the charity's events and carnpaigns income. A review of our risk gIster takes place at every trustee m*b"ryJ, as now required by tx)th our safeguaiding policy and safeguarding log.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Events and ¢ampaigns During the year, we have bèen working on dèveloping lurlher Èvènts and tAmpaigns to hèlp raisè btsth fund5 and awareness and enable us to engage with a wder network of partners and supporters. W8 ran our third Hiking Against Horn8les5n8sS event wh8re 40 hik8r5 raised c.£15,000. W8 8150 had p8rtiCiP8nts sn the London Half Marathon. Ten of our supporlers, indu¢Jing trustees and the CEO, raised c.£41,000 through the CEO Sleepoul event in London. We a IcK)king lo have more participants in the 2025 CEO Sleepout with elve individu815 already signed up. We plaCed our Fill A Flask and Winter Wam)Ih campaigns with FcA)d For Thought where companies raise £300 to puh8$8 100 me81s which are then donated to fcMxlb8nks and rough sleeping charities. Six cornpanies took P8rt with twélvè signèd up for Worf¢J Homèlèss Oay in Octtsbèr 2025. The charity's annual fundraising lunch. Cook & Dine. took place in September over 350 guests attending and helping to r81se over £35,000 lo stJpp(xt Ihe gOIng work ofthg th8nty. In addition to the key events and campaigns we njn inlemally. we have been delighted to see a number of our partners and 5UPPOrters creating and running events to raise addibonal ftjnds for us, one of the m05t notable ¢Juring thls period bein9 th8 Padalling lor Pubs challengè. Plans for lutur• perlodg Since launching in October 2018, we have laid a solKI fourKlalion lo becoming rewgnised as the go lo ch8rily for the employment of those facing homèlèssness. pnson leavers and vulrnerable veterans into careers within the hospitality industry and forging connections in some ol the key major citses across the country. We have over 110 h05pitslily busine5se5 signed up lo the programme, alongside 130 ch8ritie5, all of whorn have work ready candidatas. This figur8 has Incrèased as wè now oparatè in 88 prisons. a ar- yèar4nerèasè of 20 prisons. We have supported over 770 candidates back into work since 2019. sawng the local and ntral government an eslimaled c.£30 million, with our members now being able io pay their own way. adding io the lotal value to the gconomy. We are now averaging between six lo eight members a week getting a career opportunity. Average length ol service is 104 weeks, wlh over 60% stsying wilh their employers lor longer than a year. To date. 385 individu81s remain in amployment". 12 membèrs havè complètsd fivè ar$". 35 ovèr four rS., 72 ovèr threè yaars., 53 ovèr two yèars,. 120 over one year.. and 93 have been employed for under a year. As our charity grows, so do our exp8ciation5 of what Only A P8v8rnent Away can achi8v8. We know, with th8 right levels of funding, we can scale up our services to support S.1)00 members into wort each year by the end of 2030 and add a further c.£170 million to the economy. To d8tg, we have segn an addition814,000 candidates * otjr reixurtm9nt fairs 8nd workshijps wth a t8rget to dwble thls over the next 5 years. What do we need? The pot6ntial for Only A Pavèmant Away to t*comè 8 natmy1 charity. halping thous8nds into èmploymant, is now close lo being achieved. To achieve our aim. we need finanaal SUPFM)rt, media and political recognition and public awareness. To help us achieve this. we wsh io develop a range of mutually beneficial partnerships and collaborations that will help drive 3 9enuine, positive 50(ial impact arKJ l(Mw-terrn change for people fan9, or at rlsk ol. homelessness. Two of the key blockers to thi5, Outside of ftjnding, is gaining recognition from the national rnedia, who tend to focus on major charities, and from the Govemment. Whe the Ministry of Housing, Communities and local Government Ilhe central government dY responsible lor homelessness) is lacking in strategic direction cornpar8d with the Ministry of Justice.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Only A Pavement Away is a personal charity that needs connections been people. it cannot be facilitated solely by technology as It requires wmmunication on a face-to-face basis. We wish to deVep a streamlined effective organizational team through remuneration and stnjclured roles that will deliver this strategy. Given the current levels of opportunities and enquiries now being received into the tharity. the current team is under-resourced. especially given the poInt-tpoInt contact requirements to deliver its goals. The charity currenuy has a team of 20 paid staff. These rdes a part funded by a mix of grant. ad hoc fundraising and donation5 received. The team currenly nSISts of.. 1 x Head ol Operations 1 x Head of Ernployrnent Partnerships 1 x Senior Charity Relalion5hip Managèr 3 x Employer Relationship Managers 3 x CharitylReferral Relationship Managers 2 x CLJStodi81 R81ationship Mana98rs 1 x Leaming & Development Manager 1 x Head ol Marketing and Partnershys 1 x Head of Events and Campawns 1 x Social Media & Content Craalion Exaeuti 1 x Events & Marketing Officer 1 x Outreach & Impact Manager 1 x Projèels Officer 1 x Part lime Funding Manager 1 x Scottish Relationship Manager The CEO rolè is an unpaKI post. and the trustèes receive no remuneration. Annual expandrtura 01 tha charity Is currently c. £1,084.000 lindusive of salaries. overheads. training and rnember support costs). To support our vlslon for tha nèxl 2-3 yéars. wè n88d to maintain our annual incoma at c.£1,000,000 par 8nnum to enable us to pul in place a robusl organisational stnjdure. This will grow year on year In line wth. and to support, the arnbitions of the organisation into the lulure. We measure our LOS and retention figures thrcwjgh our members tracker whlch allows us to offer a slngle flnanclal and emotional wrawaround servi. Our vi8lon 2026-2030 The charity has the following largels.. Place 1,000 members inlo work by mid-2026', Support up to 2,500 mèmbers by thè ènd 012027 & 5,LX)O by th• ènd of 2030.. Database of 150* active employers", Database of 150 active charilies.. Operat8 in all 68 hospitality ft)Sed prisons., Recognition as the industry chanty for the placement of anyone faang, or at risk of, homelessness into careers in hospitality.. Continue lo expand and develop campaigns arKI events lo enhan¢x brand awareness. Fundralslng pra¢tlces The charity adheres to the Code ol Fundraising praclice and is registe wi¢h the Fundraising Regulator. The charity Ljses a professional furMI raiser and the fund raiser has regular reviews with the CEO and Head of Events and Campaigns. The chanty is not awartr of any compliance failures arKI has not receivèd any complaints regarding fundraising prac.$. At no tirn8 at all does Onty A Pav8m8nt Away or its ernploy8es, TTUStees, or Ambassador5, approach nor hass18 someone who hasn't the means to donate either financially or willingly to the charity. Donations are made via events, sponsors or those in a position to dona¢e. Should someone wsh to donaie as an individual outside of the avenues mentioned, then a Mernber of the charity would speak to them to discuss the viability and person81 sacrffice of the donation.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Financial review The charity raised gross funds of £1.045.151 12024 £998.3871 and expended £1.084.393 12024 - £693.4011, resulting in a net deficit of £39,24212024 - net surplus of £304.9861. The reporting period lor the charity was from 1 May 2024 10 30 April 2025. the seventh perth ol porting since incorporation. The charity had broughl forward total reserves 01 £793.852 and total reserves at 30 April 2025 of £754,610. The charity had unstriCted reserves of £620.467 at 30 April 202512024 - £604.3471. Of these. £84.055 were designated by the charity for Specific purposes12024- £258.4451. The free reserves of the charity at 30 April 2025 were £528,57812024- £339,584). The charity had restricted reserves of £134,174 8130 April 202512024- £189,505) The gross funds raised of £1.0451,141 12024 _ £998.3871 were derived from donations totalling £770,23812024 £906,617) and £274.91312024- £91.7701 frorn fundraising activities. The total costs of £1,084,39312024 . £693,401) are sel out in th& income and exp&nditur& account appended to this return. The trustees are continually trying lo improva financial wsitoon ol the charity. The principal risks lo th6 charlty are the failure to raise the required funding and the failure lo recrurt team members. These risks are managed by establishing a clear funding slrategy and offering compelrtive rernunerati packages,. bolh of which are reviewed fr8qu8ntly 8t Trust8• m88tln9S. There a no rnalerial uncertainties about Ihe Chari5 ability to continue as a going concern a5 the reserves are suffi¢igllt to megt the charily's needs, and no conm$ have boen rai5811 regardin9 th? risks noted above. Ros•rYes pollcy Only A Pavement Away recognises the need for suffiuent free Se&S in order to property manage rlsk and to be capable of realising unforeseen opporbJr4iies that might arise. The ehadty has detemined that rt will maintaSn a eash feseNe that equates lo estimated 6 months &xpendltum. This will be kept under constant review given the lenglh of time the charity has been in operation. Tot81 èxpènditurè in thè yaar out ol unrestrieted lunds amounle(I to £861,154 12024 £586,689). Unr8slrict8d funds at the year end amounted to £620.43612024 - £604.3471. Th& trustees consider this to be sufficient and in accordance with the reserves Oicy. Struetur•, govtmane• and manag•m•nt Only A Pavement Away wa5 85t8bli5h8d 8$ a Charitabl* In(x)rpor8t Organisation ICIOI with th8 Charity Commission on 24 April 2018. The charitys govemiThJ dwJment is in U)e fomi of a Constitution.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 The trusiees who served during the year and up to the date of signattjre of the financlal ststements were.. A P Sophoclides G J Mangham B Stackhous8 MPWyatt A H Hornby F Eastwood M Stanford JKoo P Pav11 M Stoker S C Alton E Mcclarkin R Silk A Wilby IApFoinled 12 June 20241 (ApKn1ed 12 Junè 20241 The charity s governing document states there must be at least Ihree tharity InJs¢ees. If the number fa115 below this minimum, tha rèmaining truslèa or trustèès may act only lo call a mèeting of thè charity trustèès, or appoint a naw charity trustee. The maximum number ol charity trustees is fourteen. The charity trustees may not appoint any charity trustee rf, as a suIt. the number of chanty Iwstees would e¥c£ed the maximum. Intm nt f h dt I Apart from the first charity trustees lappointed Apn'l 20181. every truslee rThJst be appoinled for a tem) of three yar$ by a resolution passed al 8 properfy nV&ne rnetrting of Ihe ¢h8rity Iwsitte$. In selects'ng individuals for appointment as charity trustees. the charity trustees must have regard to the skills, knowledge and experience needed for Ihe effective 8dminis¢rnl)n of Ihe charity. New trustees are introduced to other Irustees aThJ key employees when they are first appointed. Thelr roles and responslbilities as trustees a explained to Ihem and they are direcled to the relevant reading material on the Charity Commission wtrbsite. Tnjstees ar& &n¢ouraged lo attond apprOate ext¢mal training ev¥nt$ which will help facilitate the undertaking of their role. Th6 charity InJst88s will maka availabl6 to •ach n&w charity trustaè, on or bèfor8 his or hèr first appointm•nt'. copy of the currenl ver5n of the charity wnsliiubon,. and a copy of the charity's latest Twustoes'Annual Report and stalamont ofaccounts. Meetin The trusl8es m8et 8 minimum of frjur timès p #r. supwjrted by iwo Stratégy Rewew d8yS 8nd sub-(x)mrnitt8es looking at various aspects ol the charity, suppY)rted by wuired policies and prOduS. Key decisn$ are made In these meetings but the day-lo-day running of the charity is led by Greg Mangham. the charity's CEO. Ke mana ement rsonnel The charity recognises the need to offer competilive packages to attract and keep the best personnel possible. Remuneration of key managernent personnel is o)nshYered on 8 rde by rde basis and is benchmarked against the market.
APPROVAL ONLY A PAVEMENT AWAY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 B Tand Ambassadors The charity has eight Brand Ambassadors who Wunteer to prixnot8 8nd enhan(x the charitys brdnd whilst increasing awareness. Tom kOnS Michglin-starreil Chef IP8tronl Dawn Callaghan Founder & Owner ol Hospitality Jobs UK (HR & Employment) James Hacon Founder & Owner of Think Hospitality Iconsullancy practscel Katy Moses Founder & Owner of KAM Media (Hospitrlity Marketing & Research) Mark Stretton Fleet Street Cornmunicatsons Icornrnunications & PR) Peter Martin Founder ol Peach 20120 (Hospilality Mathelingl Jill Whittaker Founder & CEO of Hit Training Lin8 Olea Founder of Cafecito Ltd (Marketing) Advlsors The ch8rity has a group ol voluniary advisors who provide knOedge and adwcg to tnjstees in spwfic are88 10 support its delwery of sèNices and project planning. Paul Campbell Owner of Hill C8pitsI (Fundirol Robert Neiri Partner tsl Shoosrniths (Legall Kate Groves Communications and Engagemenl Consuttant {CommunicaUons & PRI lan Callin Director of IT Dul81 Ahmgd Head of P8rtner$hips at Crigs IFom*rfy an Ambassador) Partnors Our sincere thanks to our partners & supporters whose Mg¢ing generous support is invaluaNe in helping us reach our 18rgèls by ansunng wè can raise thè lunds nèad8d to build our tèam and cra81è morè pathw8yS to employment. Additionally, they offer financial support lo t)se members who need short-tem help with rent, travel and clothing during their transition back into society. Funding Partn•rs: Asahi, Cater.Com. Greene King. Speuality BraThJs, Hllton Intemauonal. Stonegate, Swltch 4 Profit. Hospitsli¢y Rewards and Strand Palace Hotd. Prlmary Partn•rs: Gen0 King, Hilton Intemational, Fleèt Stre8t Communications, Hospltallty Jobs UK, Dènnys, The Ivy Collection, Wolseley Group and Wellers. The Iruslees. report was approved by the Bo8r(l of Trustees. A P Sophoclidès Trustee G J Mangham Trus¢ee Date.. 27th January 2026
APPROVAL ONLY A PAVEMENT AWAY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 APRIL 2025 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccoLJnting Practice). Th8 law appli&gble to ch8riti8s in En9land and Wal8s and in Scod8nd requires the trust885 to pr8par8 finan81 statements for each financial year which give a true and faif view of the state of affairs of the charity and of the incoming resources and applicatson of SOurCeS of the charity for that year. In preparfng these financlal statements. the Irustees are requireil to.. select suitable accounting policies and then apply them c#)nsistenty'. observ8 the methods and principles in the Charibes SORP., make judgement5 and estimates Ihal aré rea50nablÈ and prudent., state whether applicable accountsng slandards have been lollowed. subject to any material departures disclosed and explained in the financial statements.. and prepare th8 financi81 statements on thg going concern b85is unless it 15 in8ppropri819 to presume th8t the charity will continue in operation. The trustee3 are responsible for keeping suffirAenl accountirwj reclxds Ihat disclose wth re8sonable accuracy al any time the Iinaneial F)OSltion ol thè d)arily and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charity IAccounls and Reports) Regulations 2008. the Charities and Trustee Investment (Scotlandl Act 2005, the Charitie5 Accounts Iscovandl Regulations 2006 la5 amended) and the provisions of the constitution. Thèy are also ¥esponsibl8 lor safÈ9uarding thè assèts tsf charity and htrnce for tsking rgason8ble steps for the prevention and detection ol fraud and other irr8gularili&s.
APPROVAL ONLY A PAVEMENT AWAY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ONLY A PAVEMENT AWAY Opinion We have audited the financial statements of Onty a Pavemenl Away (the 'charity'l fty the year ended 30 April 2025 which comprise the ststement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, Including signrficant accounting polMs. The finarKJal reptsrting framew(>rk that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial R8poth'ng Standard 8ppli¢able tin the UK Republic of Ir8land Iunited KingdoTn G8n8rally Acc8pl8d Accounting Pradicel and the Charit185 SORP"Accounting and R8POrting by Charitl85.' Slalement of Recommended Practice applicable to d)arilJes pparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic ol Ireland IFRS 1021" leffectwe 1 January 20191. In our opinion, the financial statements.. give a true and fair view ol the state ol the charity's affairs as at 30 April 2025 and of its incoming resources and application of resources. for Ihe year Ihen ended., have &n propèrfy preparèd in accordancè th Unrted Kingdom G¢n$ralty Apt A¢¢ounUng Practl¢g', and have been prepared in accx)rdanc6 wlh the requirnents of the charis Act 2011, the Charities and Truste8 Investrnent IScoJandl Acl 2005 and regulation 8 of the Ch81iti8s Aw)unts ISctytl8ndl Regulats'ons 2006 las amendèd). Basls for oplnlon We conducted our audit in ac£ordance with Intem8tional Standards on AuditiryJ IUKI IISAS IUKII and 8pplic3ble 18w. Our responsibilities under Ihose slandards are furfher describeil in the Auditols sponsibilI1&S for lh& audit of the fin6neial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the finanaal slatements in the UK. including the FRC'S Ethical Standard, and we have fulfilled ¢wr other elhical re5ponsibililies in acrdance with Ihese requirements. We believe that thè audit avidanca wa have obtain1 is sufficiènt and appropriatè to providè a basis for our opiriion. Conclu8lon8 relatlng lo golng Concem In auditing the financial slalemenls. we have condtyjed that the trustees, us6 of the going cDncem basis ol accounting in the prepar8tion of the financi81 ststements is appropriale. Based on the work we have perfomied. we have not i¢Jenb"fi6d any material uncertainties ralatlng to events or conditions that, indiwdually or collectively. may cas¢ snIficant doubl on Ihe charity's ability to continue as a going concern for a period of 81 leas1 e1ve rnonths from when the finanri81 ststements are authorised for issue. Our responslblllties and the responslbllitles of the trustees respect to gdng are descrfbed In the relevant Sections ol this repc¥t. Other Inlomiatlon The other inft)rrnation comprisès thè infomatwjn iThJudad in tha annual rep%Jrt othèr than th financial st8temants an¢J our auditor's report Ihewn. The trustees a ressy)nsible for the other Inlom)ation o)ntaine(J within the annual report. Our opinion on the finanrial statements does not cover Ihe olher infomiation and we do not exp$$ any form of assurance condusion Ihereon. Our restK)nsibility is to read the other informaiion and, in doing 50, consid8r whether the other inlomation is materially inconsistent wtth the finanaal statements or our knowledge obtained in the course ol the audit. or olhewse appears lo be malerially misstated. If we identsfy such rnalerial inconsistencies or 8ppar8nt rnaterial rnisstatem8nts, we are required to dei8rrnine whether this giv8s ris8 to a rnalerial rnisstat8ment in the financial statemerts themsdves. If, based on the work we have perfomied, we conclude that there is a material misstaternent of this other inlomation. we are required to port thal fact. Wo have nothing to report in this regard.
APPROVAL ONLY A PAVEMENT AWAY INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF ONLY A PAVEMENT AWAY Mat¢eTS on which we are Tequired to report by exception We have nothing to report in Spect of the following matters in relation to which the Charities (Accovnts and Reports) Regulations 2008 and the Charities Accounts Isixjlandl Regulations 20C las amended) require us to report to you if, In our opinion= the inlom)ation given in the financAal slalemenis is Mcs1Sten1 in any material respect with the trustees, report., SLJffici8nt and proper acexjunting records have not k8Pt. the financial slalemenls are not in agreement ilh the accounting records", we have not r1Ve all the inforrnation and explanations we require for our audit. R•sponslbillties of trusto•s As 8xplain8d more lully in the ststernent of trustees. responsibililw, Ihe twstees are responsible for thg preparation ol the financial statements and lor being satisfied that they give a true and lair view, and for such intemal control as the trustees determine is necessary lo enable the pparatIOn of financial stslements that are free from Material misststement, whether due to fraud or error. In preparing the finanry81 statements. the tru5tee$ arg responsible for assessing thè charity's ability to eonbnuè as a going conc8m, disdosing, as applicable, matters rèlatèd to going concern and using the going concern basis of accounting unless the truslees either intend to cease operations. or have no realistic al¢ernalive but to so. Audltorf8 r•sponslbllStl•s for th• audlt olth• Ilnanclal $tat•ment8 Wa have been appointed as auditor under $8etion 144 01 the Charits8s Act 20118ftd sèction 44llllel of Charitiès and Trustee Investment IScollan¢Jl Act 2005 and rewrt in accordance wilh the Acts and revant regulations made or having effect Ihereunder. Our objectives are to obtain reason8bl6 assurance aboul whether the finanaal statements as 8 whole are free from material rnisstatement. whether due to fraud or eryor. and lo issue an audilorfs report that indudes our opinion. Reasonable assurance is a high level ol assurance but is not a guarantee that an audit conducled in accordance with ISAS IUKI will always dotgci a matèrial misstsièmani whèn it exists. Misstatèments Can arisè from fraud Or error and are considered material rf, individually or in the aggwate. they could reasonably be expected to influence the economic deri3ions of users taken on Ihe basis of these finarKi81 ststement8. Irregularitles, Snduding fraud, are Instances ol non-compliance vthh laws and regulations. We design procedures Sn line with our responsibilities. outlined above. lo detecl malerial misstatements in respect ol irregularits'es, including fraud. The exlent lo which our procedures are c8P8ble of deteclin9 irregularitses, indudirrtJ frdud. 15 detailed below. We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined thal the most significanl are those Ihal relale lo Ihe finanual reporting framework FRS 102, Charities SORP, Charities Act 2011, thg charl9$ IAc(x)unts & RgPQrtsl Regulations 2008. the Charities and Trustee Investment (Scotlandl Act 2005, and the CharitiesAccounts Iscouandl Regulations 2006 las amended). W8 8s5es5ed the risks of malerial misstatement in respect of fr8ud. We evaluated rnana98ment's inc8ntives and opportunities for fraudulent manipulation of the financial statements. We made enquiries with management and those charged with govemance and corroborated our enquiries through wew of third party documentation and correspondence where appropnate. We identified that the principal risks related to ino)me recOgnon being materially misstated due to fraud. We considered the risk ol Iraud through managemenl override and, in response, we incorporated testing of manual jtsumal èntri85 and managem8nt éstirnates into i)ur audtt approad). Based on the results of our risk assessment we designed our audil wocedures to identify non-compliance Mrith such law5 and regulations identffied 8bov8 and to identty and to address material misstat8ment5 in relation to fraud. Th8 engagement team collecbvely had the appropriate competence and capabilities to Identity and recognise non- compliance with laws and regulatsons and fraud and perforni these pr(Kedu$ effectively. 10-
APPROVAL ONLY A PAVEMENT AWAY INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF ONLY A PAVEMENT AWAY Audit procedures perforned induded.. Discussion amongst the audit team regarding thè suseeptibility of thè dient to fraud., Consideratson of the risk ol fraud when dooJmenlin9 and reviewing intemal controls and prodUs.' Enquiring of management how they assess the risk ol fraud. and Klentity and respond to the risks of fraud.. Enquiring of managem8nt whether they have 8ny knovAedge of actual or 5USPeCt8d fr8ud5 or non- compliance with laws and regulations", Review of how those charged with governan exercAse oversight of management's Pr$$ for identifying and responding to the risk of fraud.. Substantive testlng of income, indudirvJ revlew of grant documentatfjon: Review ol restricted fund expenditure alongside fiJnd restrictions.. Review of journals for unusual items.. Verification ol employees., Review ol bank reconciliations and the statement of cash flows for evidence of window dressing., Review of bank transactions for large and unusual transaclions.. SubstantlV8 t85tin9 01 exp8nditur8,' an¢J Verification ol trade debtors to after date bank recoipts. There a inherent limitstiws in the audit prwedure5 descritjed above. We 8re les5 likely to become aware ol Instanees ol non-eompliance with laws and regulab.ons that are not dosely rèlated lo events and transaelions reflected in the financial stalemenls. Aso. the nsk of not detecting a material rnisstatemenl due to fraud is higher than the risk of not detecting one resulting frorn error, 85 fraud rnay involve deliberate concealment by, for example, f¢rg8ry or inlents'onal misrgpresonlaiions, ¢¥ I1vg cdlywi. A further description ol our responsibilities is available on the Financial Reports'ng Council's websrte at.. hrtps'.11 www.frc.org.ukl8udilorsrespon5ibilities. This de5cripIK)n forms parl of Imjr auditorfs report. Usè of our rnport This report is made solely to the charity's trustees. as a t)ty, in aCcanCe wilh p8rt 4 of the Charities (Accounts and Rèports) RÈgulations 2008 and ré9ulation 10 01 Chanlies Accounts Iseotlandl Règulats'ons 2006. Our 8udit wotl( has been undertaken so that we might slate to the charity's trustees those matters we are required to state to thern in an auditorfs report and for no other purpose. To Ihe fullest extent permitted by law. we do not accept or assurne responsibilily to anyone other than the th8rily and the tharity's Iwsiees as a body, for our audit work, for thls report, or for the opinKns we have lomied. Date.. Whltl•y Stimpson Limit•¢J Charter8d Accountants Statutory Auditor 1>15 High Street Witney Oxford5hirg OX28 6HW wheY Stimpson Limited is eligible for appoinknent as aUdrt of the charity by virtue of its eligibility for appointsnent as auditor ol a company under section 1212 of the Companies Act 20(.
APPROVAL ONLY A PAVEMENT AWAY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Curren¢ financial year Unrestrithd Unr¢$tricted funds funds general deslgnated 2025 2025 Restricted funds Totsl Totsl 2025 2025 2024 Not•s Incomo from.. Donations and legacies Other trading activities 602,330 274,913 167,908 770.238 274.913 906,617 91,770 Total Incom• 877,243 167,908 1.045.151 998,387 Expgndlturg Qn: Raising funds Charitable aetivits'es 233.839 114.356 40.834 182.405 274.673 809.720 223,989 469.412 512.9S9 Total expenditure 348,195 512,959 223,239 1.084,393 693,401 N•t Incom•lléxp•ndllur•l 529,048 1512,9591 155,331 139.2421 304,986 Tr3n5fer3 between funds 1338,5691 338,569 N•t mov•m•nt In funds 190,479 1174,39)> 155,331 139.2421 304,986 Reconclllotlon of fund¥: Fund balances at 1 May 2024 345.9)2 258.445 189.505 793.852 488,866 Fund balane•s at 30 Aprll 202S 536,381 84,OSS 134,174 754.610 793,852 The stalernenl ol financial adivilies includes all gains and losses recxjgnised in the year. All income and expenditure derive from continuing activitie3. 12-
APPROVAL ONLY A PAVEMENT AWAY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025 Prior financial year las re$tstedl Unr¢$tricted Unrnstri¢¢ed funds funds general deslgnated 2024 2024 Re6tricted funds Totsl 2024 2024 Not•s Incomo from.. Donations and legacies Other trading activities 745,069 91,770 161.548 906,617 91,770 Total Incom• 836,839 161.548 998,387 Expgndlturg Qn: Raising funds Charitable aetivits'es 218.989 229.312 5.1)00 101.712 223,989 469.412 138.388 Total expenditure 448,301 138,388 106,712 693,401 N•t Incom•lléxp•ndllur•l 388,538 1138,388 54.836 304,986 Tr3n5fer3 between funds 1243,7681 243,766 N•t mov•m•nt In funds 144,770 105,380 54.836 304,986 Reconclllotlon of fund¥: Fund balances at 1 May 2023 201.132 153.065 134.669 488,866 Fund balane•s at 30 Aprll 2024 345,902 258,445 189.505 793,852 13-
APPROVAL ONLY A PAVEMENT AWAY BALANCE SHEET AS AT 30 APRIL 2025 2025 2024 as restated Notès Fixed assets Tangible assets 12 7.803 6,318 Current ass•ts Debtor5 Cash at bank and in hand 13 42,338 782,337 17.852 825,137 824,675 842.989 Credltors.. arnounts lalllng due wlthln one year 14 177.868} 155.4551 Not current a¥s•t8 746,807 787,534 Total a8S•t8 loss curr•nt IlabllltS•s 754,610 793,852 The funds of th• charlty Restricted income funds Unrèstrietèd funds g8nar81 Unrestri¢l¢d ftJnds- de$i9na¢ed 16 17 18 134.174 S36.381 84,055 189.505 34S,902 25e,445 754.610 793.852 The finanrAal slatement5 were approved by the ¢rustees on ..271h Janua.ry.2026 A P Sopho¢lides Trustee G J M8ngham Truste• 14-
APPROVAL ONLY A PAVEMENT AWAY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 APRIL 2025 2025 2024 Cash flows from operatlng acllvltl•s C8sh (absorbed byygenerated from operations 137,5341 317,485 Investing activities Purchase of tangible fixed assets 15.2661 18.2681 Not ¢a¥h usgd in invg$ting odiviti 15,2661 18,2681 N•t cash used In financing actlvlti•s Net Id8creas8lllncrease In ca¥h and ca$h •qulval•nts 142.8CIJ 309,217 Cash and cash equivalents 8t beglnnlng of year 825,137 515,920 Cash and cash •qulval•nts at •nd ol y•ar 782.337 825.137 15-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies Charlty Infomiatlon Only A Pavernent Away is a charitable incowporated organisation incorporated in England and Wales and Scotland. The registered Offi is The Restaurant Group PLC, &7 Marshalsea Road, London, SE1 1 EP. 1.1 Accountlng conventlon The financial statements have been prepared in accordanc• wth the chanvs goveming document, the Charities Act 2011, the Charit185 and Trustee Inv8Stm8nt Iscouandl Act 2005, the Charities Accounts Iscollandl Regulations 2006 las amended). FRS 102 Ihe Finanual Reporting Stan¢Jard applicable In the UK and Republic of Ireland" I"FRS 102.1 and the Charits SORP "Accounting and Reportsng by Charities.. Stat8m8nt of Rec0rnrn8nded Practic8 applicabl8 to charities prep8rin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in $lerfing, whith is thg fvn¢knal rrnCY of th& ¢h8rity. Monetary amounts in these financial statements are ro¢Jnded to the nea$t £. Thè financial statèmènts h8v& been prepared und¢r Ihtr hi$lori¢al ¢osl ¢onv¢ntion. Tha prinupal a¢¢ounting policies adopted are set out below. 1.2 Prlor pgrlod od)u•¢rn•nt A prior period adjustment has been made in these finanryal ststements. Al inclyne and expenditure for the House of St Bam8ba5 project had been recognised in designaled funds in the prior year, rather than in rèstrietèd funds. This has now bèen corrd8d to bè shown within rèstrict funds. Comparativas and brought forward balances have been upjaled acc4Ndingly. In both years, the in¢om& wa$ ringl&n¢sd and sp¥nt in a¢ctydan¢& wth th& project nogd$ and donor restrictions. Furiher d•lail$ ar¢ given in note 23 to the finan¢ial $tst¢m¢nts. 1.3 Golng concern At the time ol approving the finanaal statements. lh& trustees havo a rtsasonablo &xpactation that the charfty has adequate resources to continue in operational existen lor the foreseeable future. Thus the trustees con)'nue lo adopt the 90ing concern basis ol accounbng in preparing ihe financial slaternents. No material uncertainties in latiOn to going cOrM have been hdentified. 1.4 Charltable funds unstrIcte{j funds aw available for use at the discret¥)n of the Irustees in furtheran of the charitable objectives of the charity. Oesignated lunds wmprise lunds which have been sel aside at Ihe discretion of Ihe trustee5 for specific purposes. Th8 purposes and uses of the designat8d fuwKls are 581 (Mrt in the notes to the financi81 stat8m8nts. Restrieted funds aro subject to $tifiC (x)ndrtions by or grantors as to how thèy may bè usad. Tho purposes and uses ol the restricted funds a set out in Ihe notes to the finanaal slatements. 1.5 Incom• Income is recognised when the charity is legally enliued to it aftet any perftsmance conditltsns have been met, the amounts can be measured reliably. and 1¢ is probable that income will be 1ved. 16-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies (Continued) Cash donats'ons are recogniseil on rwxipl. lyher donations are reixjgniseil once the charity has been notified of the donation. unless perft)rrnance conditions require defe1 of the arnount. Incorne tax recoverable in lalion lo donations r1Ve under Gtft or deeds ol covenant is reo)gnised at the time ol the donation. Legacies are recognised on receipt or otheThwse il the charity has been notified of an irnpending distribution. the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contsngent asset. 1.6 Exp•ndltur• Expenditure is recogni5ed once there is a legal ry ¢on51nJctiv8 obli9ation to trdnsfer e¢onomic benefit to a thir¢J party, it is probable that a transfer of economic benefits will be required in settlement, and the amount ol the oblvJation can b8 measured rellay. Expendllura Ss classifie(I by aclivily. Thè costs ol èach acts.vity are made up ol the total ol direet costs and shared costs. including support costs involved in undertaking each activity. Direct costs atlributabl8 to a single activity are allocaled directly to ihat acDwty. Shared costs which contribute to rnore than one 8cts.wty and support costs whieh arè noi attributablè io a singlè activity arè apportionèd betwèèn thosè activitiès on 8 b8SIS consistent with the use of reSoUrs. Central staff costs are allocated on the basis of lime spent. and depreciation charges are allocaled based the pNtion ol the asset's use. 1.7 Tanglbl• flxed asse¢s Tangible fixed assets are inrtialty measured at cost and subsequenuy measured at ujsl or valuation, net ol depreciation and any irnpairmenl10s3es. Oeprecialion is recc¥3nised so a8 10 wrile off the eost or Valua7 of assets thoir rtrsidu81 values over their useful livès on th8 Ic41owing basas.. Computèrs 3 Yea stralght Iln8 The gain or h)ss arising on the disposal of an asset is determined as the dffterence between the sale proce8ds and the carrying value of ¢he asset. and is reCniSed in Ihe statement of financAal actNities. 1.8 Impalrnienl of flxed assets At each porting end date. Ihe charity rewews the carrying amounts of its tangible assets to detem)ine whether there is any indicalion that those assets have suffered an impairment loss. If any such indication Èxists. tha rèeovarablè amount ol thé assèt is èstimatéd in ord8r to dètèmiinè tha èxtant of thè imp8irmènt loss lif any). 1.9 Cash and cash equlvalènts Cash and cash equivalents include cash in hand and dewsits held at call trI banks. 1.10 Flnan¢ial instruments The charity has elected to apY the provisKJns ol Section 11 'BaS Financial Instruments, and Section 12 'Other Financial Instwrnents Issues. of FRS 102 to all of ils finanryal instwrnents. Finanoal instruments are recognised in the tharitys balan sheet when the charity becomes party lo the contractual provisions of the instrument. Finanoal assets and liabilities are offset. wtth the net amounts presented in the financial statements, when there is a legally enforceatAe right ¢0 set off the recognised amounis and there is an intention to settle on a net basis or to realise th8 as88t and th8 liatxlty simultan8S1y. 17-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Accounting policies (Continued) Basic financial assets Basic finarrial assets. which include deblors and cash and bank balances. are initially measured at tr8ns8¢tion pri including transaction Costs and are subsequenlty carried at arnortised cost using thg 8ffective interest methLxJ unless the Èrrangernent constitutes a finanong transaction, where the transaction is measured at the present value of the future leIpts diso)unted at a market rate of inlerest. Financial assets ¢la$5ified as receivable within one year are not 8morbsed. Baslc flnanclal Ilabllltles 8asic finantsal liabilities. including Ixedilors, are in"allY recognised at transaction price unless the arrangement consts'lules a finanang transaction. Whe the debt instnjmenl is measured at the present value of the future payments discounted at a market rate of interest. Finanryal liabilrties d8ssifth as payable within one y8ar ar8 not 8mortiS8d. Debt instruments are subsequently carried at amorbsed cost. usiThJ the effective interest rate method. Oèroeognltlon of Ilnanelal Ilabllitl•8 Finanry81 liabilities are derecogniseil when the charity's ¢cffltradual obligati$ expire or are disch8rged or cancelle(J. 1.11 Employee b•n•fits The cost ol any unused hdiday entitlement is nised in the periTrJ in which the emptyee's services are ceived. Termination benefits are recognised immedialely as an expense when the charity is demonstrably cornmittsd to teminate the ernploymen¢ of an employee or lo provide ¢emiin8tion benefits. Payments lo defined contribution reJremant b8n&fit sth8mes are chargad as an &xpens8 os th&y fall duo. Incomg from donatlonty and 19ga¢les Unr•strfcl•d R•strf¢t•d funds funds 2025 2025 Total Unr•strlct•d R•strlct•d funds funds 2024 2024 Total 2025 2024 Donations and grfts 602,330 167.9)8 770,238 745,069 161,548 906,617 Donauons and glfts Grants, trusts and foundations Corporate donations General donatsons Philanthropy Grfta 334.578 135.210 107,437 121.800 29,000 8.000 456.378 164,210 113.437 200.228 142,801 378,989 60,000 34,805 66,743 260.228 177.606 445,732 2,844 20,207 25.105 11.108 36.213 20.207 602,330 167,908 T70,238 745,069 161,548 906,617 18-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Income from other trading activities Unr•strfet•d Unr•strletad funds funds 2025 2024 Fundraising events 274,913 91,770 Expendltur• on ralsing funds Unrestrlcted Rgstrlcted funds fvnds 2025 202S Total Unrestrlcted Re5trlcted fund6 funds 2024 2024 Total 2025 2024 Fundralslng and publlelty Share of governance Costs Isaè note 71 Staging fundraising 8v6nts Fundraising consuttan¢y 18•S Aw8r$n•s$ and promotion Othèr lundraising ¢osts Slaff ¢05t5 Share of support costs (see nole 71 8,3fy) 3,000 69,972 89,972 $5,815 5.000 60,815 2,126 40.465 42,591 5,708 S,708 55,624 369 55,993 78,804 11,318 78,804 11.318 25,444 25,444 72,373 72,373 64,344 233,839 40.834 274,673 218.989 5,000 223,989 19-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Expenditure on Charitable aclivities Employm•nt Employm•nt support support 2025 2024 Staff costs Depation and impaim)enl Training and 6du<xlion costs Recruitment Computer and IT costs Travel and subsistence expenses C¢nsultancy fees Sundry expenses 630.410 3,782 9,822 1,538 361.689 4.815 8,486 145 1.812 201 12,600 4.091 662,243 377,148 Grant furKlin9 of activities nole 61 29,679 24,920 Shar• of support and gov•manc• co8ts18•• not• n Support Gov&rn8n¢& 104,498 13,300 64,344 3,000 809.720 469.412 Analy81s by fund Unrestricted funds- general Unrestricted funds. designated Restricted funds 114,356 512.959 182,405 229,312 138.388 101,712 809.720 469,412 Ineludad within st8ff costs is tnil 12024 - t6.1071 of èx*rdtia paymènts tr) èrnployaès on tÈmiin8ti0rt of thèir employment contract. Grants payable Employment Employment support support 2025 2024 Grants to individuals 29,679 24,920 The grants payable by Ihe charity to indimdual members We for financial support costs. such as housing renis, rates, food et¢. to bridge the gap belween starbng employment and the member getbng Iheir first pay d)eque from the employer. These grants were ternporary help ar were funded from both iestricted and unrestricted reserves put aside for this purpose.
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Support costs allocated to activities 202S 2024 Stsff costs Travel and subsistence expenses Postage and carriage costs Office stationery costs Telephone and fax Thjsts Computer and software costs Insurance expenses Rent, rates and sundry costs Bank charges Payroll lees Legal and professional feas Governance costs 37,057 21.286 715 4,319 5,443 17.487 2.134 9,180 40 1.766 29,261 6,000 21.206 881 2.430 9,199 24.835 2.159 22,063 43 2.280 91.775 21.fjoo 198.471 134.688 Analy58d bgtwn.. Fundraising Ernployrnent support 80,673 117.798 67,344 67.344 198.471 134,688 202S 2024 Gov•maneè eo8ts eomprb8•.' Audit lees 21.600 6,000 21,600 6,000 Support and governan costs have been appoitioned befvRen fvnds and aclivilies as follows. First, thè Irust8es determined èn 8ppTopriatg amount to b8 allocated 8g81n5t the restricted fund in rèlation to the House of St Bamabus project. being £37.12512024- £nill. The residual amoun¢ was then sel against Ihe untriCte£l fund, apportioned $0.'50 betsveen charitable activities and fijndraising activities. In the prior year no suppjrt and govemance o)sts were sel againsl the $tricIed fvnd. This was considered appropriate this year due to the increased costs of wnning lh8 Hi)use of St Bamabu5 project. Net movement In funds 2025 2024 The n8t rnovem8nt in funds is stated 8fter thargIn(cred[ngl'. Fees payable for the audit of the Chari$ finanryal slaiements Depreciation of owned tangible fixed assets 21.600 3.782 6.000 4.815 21
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 Trugtees None ol the trustees received any remuneration during Ihe year ,nor any reimbursed expenses. in their roles as trustees. One trustee received reimbursed expenses of £30.153 12024 £20.2131. covering travel. office 5t8tion8ry and fundr8i5ing activity rA)sts, for his role as CEO. 10 Employees Tha averagé monthly number Ol 8rN)loy8es dumg Ihè year w8S'. 2025 Number 2024 Number 17 12 Employment costs 2025 2024 W8g8s and salarie3 Social security costs Other pension costs $88,756 54.117 12,981 363,937 25.838 8,971 655,854 39e,746 Thfj wtrrg no employges whose annual rgmuneraI wa$ than £60,0fy). 11 Taxauon Thè charfty Is èxempt from taxatkn) on ts athvib"&s b8caus& all Incc*n8 Is applied for charit8bl& purpos&s. 12 Tanglble fbxed assets Computers C•$t At 1 May 2024 Additions 16,203 5.266 At 30 April 2025 21,469 Oepreclatlon and Impalrnient At 1 May 2024 Dèpreciation charged in thè year 9.884 3,782 At 30 April 2025 13.666 Carrying amount At 30 April 2025 7,803 At 30 April 2024 6.318
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 13 Oebtors 202S 2024 Amounts falllng du• wlthln onè y•ar- Other d8bt¢y3 Prepayrnenls and accrued incrnie 30.423 11.915 7,252 10.600 42.338 17,852 14 Cr•dltors: amounts falllng du• wbthSn on• y•ar 2025 2024 Not•s Other laxalion and social security Oèlerred Income Trade cr8ditors Other creditors Accruals 10,775 21,214 20,137 11,4371 27.179 7.868 23,754 13,399 11,4371 11.871 15 77,868 55,455 15 O•fèrr•d Incomè 2025 2024 Othèr delerreil incomg 21,214 23,754 Deferred Income is induded in the financial ststemenls as follows.. 2025 2024 Oeferred income is induded vthhin.. Current liabilthes 21,214 23,754 Movernents in the year: Deferred income al 1 May 2024 Release(J from previous periods R850urc85 del8rr8d in the year 23.754 123.7541 21,214 12.800 112.8001 23,754 Oeferred income at 30 April 2025 21.214 23.754 -23-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 15 Del8rred income (Continued) During the prior year ended 30 April 2024. £23.754 was receiveil tow8rds th8 annual Hiking for Horneless Event. whith took place in this financial year. This brought fon¥ard deferred income was released in full in the year. During the year ended 30 April 2025. E10.214 was reiVed towards the May 2025 Hiking lor Homeless event, which took place after the year end. This incx)me is deferred at the year end. During the year ended 30 April 2025. £lO.¢X 12024 - £nill was received towards Cook & Dine campaign, which took place after the year end. This incom8 is delerred al the year end. During the year ended 30 April 2025, £1,00012024 - £nill was leNed towards Punt & Dlne campaign. which took place after the year end. This income is deferred at the year end. 16 Rostrlcttd fund$ The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subj8Ct lo sp8afie conditions by donors as to how ihèy may be used. At 1 May 2024 Incomlng resour¢g• R•8ovrces ?xpgnd?d At 30 Aprll 2025 Llla Skills Programma fund Green¢ King lund 3 Innholders Charitable FoundatKJn House ol St Bamabas IHOSBI Parkdoan Resorts- Vetorans The Charles Hayward Foundat*yi The Worshipful Company of Weavers Prison Bursaries Tha Drapars. Company Savoy Educational Truyt The Cooks Charity Haysac Foundation 28,187 23,073 10,000 128.245 124.2601 123,0731 13.3751 1172.5311 3,927 lo,0) 69.908 10.000 25,0 15.000 6,000 7,000 10,0 5.OCKJ 10,0 16,625 25.622 10,000 25,000 15.000 6.000 7,000 10,000 5.000 10.000 189,505 167,908 {223,2391 134,174 -24-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 16 RoStrict8d fund$ (Continued) Previous year: At 1 May 2023 In¢oming Resources expended At 30 April 2024 Life Skills Programrne fund Speciality Brands lund 1 Gr8ene King fund 2 Veter8ns Foundation Ivnd 2 Speciality Brands fund 2 Greene King- Cook & Di Gr8ene King fund 3 Innholders Charitable Foundation House ol St Bamabas IHOSBI 30.832 2,143 6,218 13.276 27.200 5,000 50,000 12.6451 12.1431 16,2181 113.2761 127.2001 15.0001 126.9271 28.187 23,073 10,000 128.245 10,OCKJ 151.548 123.3031 134,669 161,548 106,712 189,505 Tha Vètèrans Foundatlon fund and Graène King lunds wèrè grantsld0n8OnS r8eèlvéd by thè eh8dty to P8y the salary costs of Relationship Managers. The lunds Irom the Veterans Foundation were so that the charity could focus on veterans in more depth and the lunds from Gfeene King were for Relationship Managers that can locus on GrèÈnÈ King vaeAnciè$. The Life Skills Programme fund relates to a donalion from The Freemasons. This was for a new life skills hub, which was launched in Ihe Summtrr of 2021. Thi$ prged has now becune the Passport 2 Empl¢)ymenl pro9ramme. The Specialily Brands fund 1 was for a new Employmenl Coach lo be employed by the charity. The Speciality Brands fund 2 was a donation iowards a Lèaming and Dèvèlopmènt Coach to mentor mèmbers and run th8 Passport 2 Employment programme. £5,000 ol a £20,000 donation received in 2023 from Gr8ene King was specif18d to b8 Put towards the Cook & Dine event taking place in September 2023. This was therefore treated as a $tricted fund in the financial statements in 2023 and ihe full £5.0 was expended in the year ended 30 April 2024. The donabons from Innholdèrs Charilabl& Foundakn"on. Drapers. Company, Savoy Educational Trust, Haysac Foundation and Cooks Charity were all for Ihe Passport 2 Employment programme. The Innholders donation in 2025 and the Haysac donalion were specifically for supporting women into employment. The House of St Bamabas IHOSBI funds correspmd to donations received for the running of the House ol St Barnabas project. This proieci 15 to support HOSB Graduates who We affecied by the Closu of the House of St Barnabas charity. The Charles Hayward Foundal*)n. WoTshipfiJl Company of Weavers. and Prison Bursaries fvnds o)rrespond to donations for the Cust(Mlial Propct. Th8 Weav8r5 donation is specifically for projects 5UPPOrting female prisoners. The Parkdean Resorts donati was for SUprting veterans into employment. -2S-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donat$ and grants which are not subject to specific cndiOn$ by donors and grantors as io how they may be used. These are calegorised between general lunds. Sho lOw. and designated funds, whlch afe shown separately in note 18. At 1 May 2024 Ineomlng resources Resoureès expended Transtèrs At 30 Aprll 2025 General funds 345,9)2 877,243 1348,195 {338,5691 536.381 PrgvIou¥ y•or= At 1 May 2023 Incomlng r•sourc•s Resourc •xp•nd•d Tr¥nsfgrs At 30 April 2024 General fvnds 201,132 836,839 1448,301 1243,7681 345,902 201,132 836,839 1448.3011 1243.7681 345,902
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 18 Unrestricted funds . designated These are desKJnated funds which have been set a*de OLrt of unrestricted funds by the trustees for specific purposes. At 1 May 2024 R•soureès expended Transfèrs At 30 Aprll 2025 Member grants Hilton Global Foundation Greene King- 2024 CAF Greene Klng- 2025 15,435 193.708 49,302 111,543 1437.1341 139.2811 125.0001 13.8921 267.461 24.035 10,021 25,000 50.000 50,000 258.445 IS12.959 338.589 84,055 Previous y•ar: At 1 May 2023 R•sourc gxpendgd Transf•rs At 30 April 2024 Member grants Hilton Foundation Relationship manager Greene King 1 Groene King- 2024 40.000 79,285 18.780 15.000 124.5651 179.2851 118.7801 115,000 17581 15.435 193,708 193,708 50.080 49,302 153.065 1138,3881 243.768 258,445 Th8 rèlationship mana9ar lund was dasIgnat by thè Charity to part lund a naw rèlationship m8na98r, and was fully utilised in 2024. D¢n8tions received frorn Hillon Gk)bal Fourmlation have been ¢J&signatgd by tru$tetrs for lulure s&18ry co$ts, to be spent by 31 December 2025. In 2023, £40,000 of donations received from the CEO Sleepoul in that year were designated by the trust8e5 for member support costs. £24.565 was spent on supp)rt costs in ihe year 2024 and £11,543 in 2025, with the balance being transferred back to general hjnds. £15,000 of the incom8 designated from Greene King In 2023 was used toward5 campa costs in 2024. Further donations from Greene King in 2024 and 2025 have been designated for salary costs. £25,000 received through CAF in 2025 was designated lor fundin9 8 SillSh relationship m8n898r, and was fully utllise(1 Sn the year.
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 19 Analysis of nel assets between funds Unrestricted UnrwJ¢ri¢¢ed funds funds general deslgnated 2025 2025 Restricted funds Totsl 2025 2025 At 30 Aprll 2025: Tangible assets Current assetsllliabilitièsl 7.803 528.578 7.803 746,807 84,055 134.174 536.381 84.055 134.174 754.610 Unr•strlcted Unrestrlcted nds funds goneral deslgnat¢d 2024 2024 R•strlcted funds Total 2024 2024 At 30 Aprll 2024: Tangible a$5els Current asselsllliabilitiesl 6,098 339.804 220 189.285 6,31e 787.534 256.445 345,902 258,445 189,505 793,852 20 Related party Iran50n8 Transactlons wlth r•lated partl•s During the year the chanty entered into the folloj transactions wth related partl8S'. Ouring the year. the charity paid £60.91612024- £24.912I lo AEP Consultancy Ltd. a cornpany owned by the CEO'S daughter. for various projecl and evenl management consulting Servi$. The trustees approved all expensgs to AEP Con5yh8ncy Lttl. Therg Wgre rKJ amounts ¢)utst8rKling to AEP Consunancy at thg year end. Ouring the year, A Stanford. son of a trustee was employed by the charity under nomial employment conditions. Total remuneration in the year was £5,g9812024- £5,861). During the year, Wellers, a business of which a truslee is a partner, prowded payrdl prOSsing services. Amounls paid to Wellers during ¢he year amounled lo £2.28012024 - £1.7661. During the year, the charity recelved £1,950 In donath)ns from trustees. wrthout Condon$12024- £nill. -28-
APPROVAL ONLY A PAVEMENT AWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025 21 Analysis of changes in net fvnds The charity had no material debt during the year. 22 Cash generated from optratbons 202S 2024 IDefiritVsurpus for Ihe year 139,2421 304.986 Adjustments for.. Oepreciation and Impalrrnent of tsngltAe fixed assets 3.782 4,815 Movements in workiThJ ¢aprtal'. Ilncreasel in debtors Increase in cdItO {Decreasellinc85e in defewred income 124.4871 24.953 12,5401 112.3201 9,050 10,954 Cash (absortd byVg•n•rat•d from op•rntSon8 137.5341 317.485 23 Prlor perlod odJu8lm•nt A prlor period adjustment has been madè in Ihesa financial statements. All incom& and expenditure for the House of Sl Barnabas project had been recognised in designated funds in the prior year rather than restricted funds. Thi5 ha5 now been corrected lo show wilhin restricied funds. In both years, the income was ringfenced and spent in acc4xdance wrth the project needs and donor reStrictn$. This only impacts on the disclosu belween funds. Thèra is no impact on thè over811 rèsèrvas or nat surplus kKJSitKJn. Changes to th• balance shwt At 30 April 2024 Atr prevlously Adlu8tment reported As roststed Restricted fund5 Designated funds Unrestricted funds 81,260 386.690 325.9)2 108,245 1128.2451 20,000 189,505 258.445 345.902 Total •quity 793,852 793,852