Twinning Project
Report of the Trustees and Unaudited Financial
Sialemenls
Year Ended
31 December 2023
Registered Charity Number: 1183066

Twinning Project
Report and Financial Ststements
for the year ended 31 December 2023
Contents
Page..
Reference and adminislralive information
Report of the Trustees
Independent Examiner's Report
Slalemenl of Financial A¢livilies Ilncorporaling the Income an¢J Expenditure acxounll
Stslemenl of Financi81 Position
ststemenl of Cash Flows
10 - 26 Notes forming parl of the Financial Slalemenls

Twinning Project
Reference and administrative information
for the year ended 31 December 2023
Trustees
David 8aTry Dein MBE (Chairl
Barone55 Karren 8rady CBE
Mark Paul Phillips KC
Richard Nicholas Parry
Dame Sally Coales
Nigel William Wray
lan Edward Wright OBE
Jason Swettenham MBE
Jonathan Peter Martin Norbury
Gregory Dyke
Rollo William Orlando Head
Roberl James Sullivan
Prlnclpal Offlc•
5th Floor, 167-169 Great Portland Street, London. W1W SPF
Independent Examlnors
Alder Shine LLP
Aston House
Cornwall Avenue
London
N3 ILF
Bankers
Lloyds Bank Plc, 25 Gresham Street. London, EC2V 7HN
Logal •dvlsors
Stephenson Harwood LLP
1 Finsbury Circus
London
EC2M 7SH
Northridge Law
90 Bartholomew Close
London
EC1A 7BN

Twlnnlng Prole¢t
Report of the Trustees
for the year ended 31 December 2023
The Trustees present their report along wilh the financial slalements of the charity for the year ended 31 December
2023. The Financial Sialemenls have been prepared in accordance with the accounting policies sel out on page
10 10 13 and comply with the Foundation's Constslulion and applicable law.
Status and admlnlstratlon
The Foundation is 8 Charitable Incorporated Organisation (cio) governed by Its Constitution signed on 23 Aprll
2019. The Foundation was registered by the Charity Commission of England and Wales on 23 April 2019.
Structure. Governance and Managornent
The charity is consliluled as a Charitable Incorporated Organisalion, as defined by the Charities Act 2011 and Is
therefore governed by Its Constitution signed on 23 April 2019. 11 Is 8 reglslered charity no. 1183066.
The Trustees who have served during the year and since the year end are sel out on page 1. The fi'rst Iruslees are
as follows land are appointed for three years from the date on which the CIO is registered as a charilyl..
David Barry Dein MBE
Barone55 Karren 8rady CBE
Mark Paul Phillips KC
Richard Nicholas Parry
Dame Sally Coales
Nigel William Wray
lan Edward Wright OBE
Jason Swellenham MBE
Jonathan Peter Martin Norbury
Gregory Dyke
Rollo William Orlando Head
Robert James Sullivan
All Trustees have chosen lo continue for another year.
Where there Is a requirement for new Trustees, this would be Idenlifled by the remalning Truslees. There should
be not less than three appointed Trustees and up to one nominated Trustee. There shall b& no maximum number
of appointed Iruslees.
The charity Iruslees will make available lo each new charity Trustee, on or before his or her first appointment a
copy of the current version of the conslilulion., and a copy of the CIO'S latest Trustees Annual Report and statement
of accounts.
Rlsk management
The Trustees have examined the major strategic, business and operational risks which the charity laces and
confirm that systems have been established to enable regular reports lo be produced so that such risks are
¢onlinuously monitored and that appropriate slep$ can be taken lo lessen these risks.
The prison eslale continues lo lace a challenging period as staff shortages and an increase in prison population
place pressure on the individual prisons, ability lo support Twinning Project delivery. The Chief Executive is In
regular contact with senior partner5 al HMPPS and the MOJ lo monitor these circumstances and ensure delivery is
oplimised where al all possible.
The current economic climate, increase in inflation, the energy crisi5 and the challenges facing households with
regard lo the cost of living has ultimately impacted the charity both on a fundraising perspective and holistically as
these factors could lead lo an increase in demand lor our services.
As the charily has now reached a point whereby graduates are beginning lo find employment within the community
with our third-parly stakeholders, the Trustees and leadership of the Twinning Project are conscious of the
reputational risk that may be al stske, should a graduate go on lo reoffend. The charity has a risk register, and the
¥isks are being managed together with our communications agency, football and criminal justice partners.

Twlnnlng Prole¢t
Report of the Trustees
for the year ended 31 December 2023 (continued)
Grant maklng pollcy
All applications received are considered by the Funding Committee on their own merit lor suitsbility of funding and
are assessed lo ensure that grants made are in line with the charity's objectives. The Funding Committee consists
of three Trustees and the Chief Executive.
Publ1¢ beneflt
In meeting the objectives the Trustees have given careful consideration lo the Charity Commission's general
guidance on public benefit and judge that all donations made meet this guidance. All donations are listed in note 8
on page 16.
Oblectlves and Actlvltl85
The objectives of the CIO are to promole for the public benefit the rehabililalion ol offenders and the reduction of
re-offending by advancing the education and training of the offenders in the following way..
By providin9 or supporting the provision of training of offenders in-
football coaching, stewardin9 and adminislralion skills., andlor
refereeing and other malch official skills., andlor
similar skills in relation lo other sports., andlor
ancillary skills or other skills likely lo improve their chances ol employment generally.
by su¢h other means as the ¢harily trustees Shall think fit.
Nothing in this conslilulion shall aulhorise an application of the properly of the CIO for the purposes which are not
Charitable.
Achlevem•nts and Performanc•
In the year, 125 cohorts were delivered in 63 prisons with 1,760 learners participating. From there. 1,376 graduates
were awarded their Football in Coaching Level 1 qualification.
Following the award from the Ministry ol Justice, the pilot whereby a literacy element was incorporated into the
Twinning Project course continued.
There as a probation pilot featuring both Sheffield United and Sheffield Wednesday which proved successful.
Additional probation courses were undertaken by Greater Manchester and NE Probation Services.
Further academic research has been published and all signs continue lo be very encouraging. A report will be
released in Autumn 2024.

Twlnnlng Prole¢t
Report of the Trustees
for the year ended 31 December 2023 (continued)
Flnanclal revlew
During the year the charity Teceived £201,40812022 - £139,939) in donations and £115,40212022 - £828,290) of
income from charitable activities. comprising grant funding. The charity also received £34,20012022 £Nill of
income from fundraising. The significant decrease in grant fundin9 is almost entirely down lo the granting. in the
prior year, of £790,623 from the Ministry ol Justice toward the Literary Project. Other grants received came primarily
from PCCS for the provision ol football training.
Total expenditure in the year was £1,322,28212022 - £652,096). resulting in net expendilufe of £971.27212022-
nel income of £316,133). The increase is, again, primarily due lo the funding received lor the Lilerary Projecl, which
was spent in the current year. Twinning Project is a national charity that requires a high overhead lo ensure that
our delivery is tsking place effectively across the country. The high cost is salaries for the people that oversee the
dellvery.
Ros8rv•s pollcy
The charity holds both unreslricled and restricted funds.
General unrestrlctod funds
Unreslricled funds are spent al the discretion of the Trustees. The Trustees do not consider that any minimum level
of resources is required. The lolal value of unreslricled funds as 81310ecember 2023 is £734,803 deficit12022
£494,154 delicill. The charity considers the unreslrieled funds lo represent the freely available reserves. Although
the unrestricted funds are in deficit the Trustees would continue to fvnd any deficit going forward to ensure the
continued operations of the charlty.
R•strlctod funds
Reslricled funds are amounts Ihal have been sel aside lo support the costs lo run loolball training and coaching in
designaled prisons. The specific reslriclions are declared by Ihe donor al the lime of making the donalion. The lolal
value of reslricleé funds as al 310ecember 2023 is £60.000 {2022 - £790,623). Details of the reslricled funds held
by the charity can be found in Note 22.
Fundralslng
The Twinning Project as a Charity is dependent on fundraising lo continue the valuable work it undertakes within
the criminal justice system. The fundraising is multifaceted but predominantly dependent on fundraising events and
applications lo other grant making inslilulions.
To date the charity has received support from foundations, local police and crime commissioners, and local charities
with a focus on criminal justice.
Any fundraising activities are managed internally in line with the Code of Fundraising Practice standards. The
charity does not exchange data with other parties and has not purchased supporter mailing lists.
There have been no complaints made lo the charity during the period.
The charity maintains records of all supporters, donors and gifts received and ensures that these records are
regularly reviewed and monitored lo check that contact with donors is done in line wilh any preference which they
have slated lo us. The charity does not carry out active telephone fundraising or mailing campaigns and does not
knowingly contact vulnerable individuals or those who have opted out of mailing contact.
There was one fundraising event in January 2023. The charity aims lo hold 5 events in 2024 including one major
event. The lolal largel for these events are approximately £342,000.

Twlnnlng Prole¢t
Report of the Trustees
for the year ended 31 December 2023 (continued)
Plans for the future
The Trustees intend lo continue providing grants in a similar way lo the recent past bul retaining flexibility as lo the
timing, and scale of grant making. Activity will also be funded by third parties, where applicable. There are a number
of fundraising events planned for the future.
Trustoes, responslbllltles
The Trustees are responsible for preparing the Annual report and the financial statements in accordance with
applicable law and regulations.
Charity law requires Ihe Trustees to prepare financial slalemenls for each financial year in accordance with United
Klngdom Generally Accepted Accounllng Practice (United Kingdom Accounting Standards and applicable lawl.
Under charity law the Trustees musl not approve the financial statements unless they are satisfied that they give a
true and lair view of the stale of affairs of the charity and ol the incoming resources and application of resources.
including the income and expendrture, of the charity lor that period.
In preparing these finan¢ial $181emenl$, the Trustees are required lo=
select suitable accounting policies and then apply them consislenuy.,
make judgements and eslimales that are reasonable and prudent.,
stsle whether applicable UK Accounting Standards have bèen followed. subject lo any material departures
disclosed and explained in the financial slalemenls., and
prepare the financial statements on the going ¢on¢ern basis unless it is inappropriate lo presume that the
¢harily will continue in business.
The Trustees are responsible for keeping adequate accounting records that are Sufficient lo show and explain the
charity s transactions and disclose with reasonable accuracy al any lime the financial posilion of the charity and
enable them to ensure that the financial slalemenls comply with the Charities Act 2011. They are also responsible
for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularilie$.
Approval
This rewrt was approved by the Trustees antj signed on their behalf by..
David Barry Dein MBE
Trustee
Jonathan Pgtor Martin Norbury
Trustee
Dale.. 28th October 2024
Dale- 28th October 2024

Twlnnlng Prole¢t
Independent Examlner's Report to the Trust60s of the Twlnnlng Prolo¢t
We report to the charity Trustees on our examination of the accounts of the charity for the year ended 31 December
2023.
ResponsSbllltles and basls of report
As the Trustees of the charity you are responsible for the preparation of the 8¢¢0unts in a¢¢ordan¢e with the
requiremonls ol the Charillos Act 2011 I'the 2011 Acl'l.
We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act and
in carrying out our examination we have followed the applicable Directions given by the Charity Commission under
section 145{5llb} of the 2011 Act.
Independent examlnèr's statement
Since the charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in section
145 of the 2011 Act. We confirm that we are qualified lo undertake the examination because we are a member of
the Institute of Chartered Accounlanls in England and Wales, which is one ol the listed bodies.
Your attention is drawn lo the fact that the charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in
preference to the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 April
2005 which is referred lo in the exlanl regulations bul has been withdrawn.
We understand that thls has been done In order for the accounts lo provlde a true and fair vlew In accordance with
the Generally Accepted Accounllng Pracllce effecllve for reporting periods beglnning on or after 1 January 2015.
We have completed our examination. We conlirm that no matters have come lo our allenlion in connection with
the examlnatlon glvlng us cause lo belleve that In any malerlal respect..
accounting records were not kept in respect ol the charity as required by section 130 of Ihe 2011 Act,. or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a'true and fair, view which 1$ not a maller consKlered as part of an independent examination.
We have no concerns and have come across no other matters in connection with the examination lo which allenlion
should be drawn in this report in order lo enable a proper understanding of the acGounls lo be reached.
This report is made solely lo the charity's Tru51ees, as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our work has been undertaken 50 that we might slate lo the charity's Trustees
those matters we are required lo stale lo them in an independent examiner's report and for no other purpose. To
the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than the charity and
the charity's Trustees as a body, for our work or for this report.
Signed..
Name..
Alexander Chrysaphiades FCA
Adler Shine LLP
Aston House
Cornwall Avenue
London N3 1LF
AIL Jf Mr
Dated.. 30 October 2024

Twinning Project
ststement of Flnanclal Activities {incorporating the Income and Expendlture Account)
for the year ended 31 Oecember 2023
Notes
Unrestricted
Funds
Restricted
Funds
2023
2022
Income from
Donations
Charitsble activities
Fundraising activities
198,408
3.000
115.402
201.408
115.402
34.200
139,939
828,290
34,200
Total Incorno
232,608
118,402
351.010
968,229
Expendlturo on
Raising funds
Charitsble activities
39.097
489,118
39.097
1,283.185
7,876
644,220
794,067
Total •xpendltur•
528,215
794,067
1,322,282
652,096
Nat l•xpendltur•)Ilncom•
1295,607)
{675,6651
1971,272)
316,133
Nat movemènt In funds b•foro
galns and transfors
23
1295,6071
{675,6651
1971.272)
316,133
Transfer between fund$
23
54,958
154,9581
Total lunds as at 1 January 2023
1494,1541
790.623
296,469
119,6641
Total funds at 310èc8mb8r
2023
23
1734,8031
60,000
1674.803)
296,469
All funds relate lo conllnulng aclivllies.
The notes on pages 10 10 26 form part of these financial slalemonls.

Twinning Project
Statement of Financial Positlon
as at 31 December 2023
Reslaled
2022
Charty number: 1183066
Note
2023
Flxed Assets
Intangible assets
Tangible 8$sels
15
16
2,434
633
4,279
1,138
3.067
5.417
Currènt Assets
Sl(Kk
Debtors
Cash at bank and in hand
17
18
6,043
18,582
114.869
26,931
589,106
410,356
139.494
1,026.393
Currènt Llabllltlès
Gredilor5'. amounts falling due within one year
19
1157.8641
1198,8411
Nèt Current Assèts
118.370)
827,552
Total assets 18ss currant Ilabllltl85
115.303)
832,969
Non Current Llabllltl•s
Creditors.. amounts falling due after one year
21
1659.5001
1536,5001
Total net assèts
24
1674.8031
296,469
Fund5 of tho Charity
Unreslricled Funds
Reslricled Funds
23
23
1734.803)
60,000
1494,1541
790,623
Total Funds
23
1674,8031
296,469
For details of the prior year restslement see note 27.
The financial slalemenls were approved by the Trustees and aulhorised for issue on..
Davld Barry Deln MBE
Trustee
Jonathan P8t&r Martln Norbury
Trustee
Date.. 28th October 2024
Dale- 28th October 2024
The notes on pages 10 to 26 form part of these financial ststemenls.

Twinning Project
Statement of Cash Flows
for the year ended 31 December 2023
2023
2022
Net Income for the reportlng perlod las per the statement of
flnanclal actlvltles)
Adjuslmenls for..
Depreciation
Amortisalion
Ilncreasel in stock
Ilncreasel in debtors
Increase in creditors
(971,2721
316.133
505
1,845
20,888
570,524
110,9771
405
1.823
18,7641
1231,3181
46.533
Nel cash generated operallng acllvllies
1388,4871
124.812
Cash flow from Investlng actlvltles:
Purchase of intangible fixed assets
Purchase of tangible fixed assets
19301
18891
Net cash provldèd by Investlng actlvltles:
11,8191
Cash flow from flnanclng actlvltlas:
Drawdown of loan
Repayment of loan
125,000
132,000}
113,0001
N•t cash provlded by flnanclng actlvltl•s
93.000
113,0001
Change in cash and cash equivalents in the year
1295,4871
109,993
Cash and cash equivalents al the beginning ol the year
410,356
300,363
Cash and cash equlvalents at the end of th¢ year
114,869
410,356
The statement of nel debt is included in note 25.
The noles on pages 10 to 26 form part of these financial slalemenls.

Twinning Project
Notes forming part of the financial statements
for the year ended 31 Oecember 2023
Status of charSty
The charity is registered in England and Wales under the Charities A¢1 2011. The registered office is given on
the Reference and adminislralive information page and the principle activities are given in the Report of the
Trustees.
Accountlng polScles
{a) Basls of preparatlon
The financial slalemenis have been prepared on a going concern basis under the historical cost convention.
The financial slalemenls have been prepared in accordance with the Statement of Recommended Practice..
'Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland. (The Charities SORP 2nd Edilionl. the Financial
Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. and the Charitles
A¢t2011.
The charity conslilules a public benefit enlily as defined by FRS 102.
The lin8ncial slalemenls are prepared in sterling, which is the funelion81 ¢urrency ol the charity. Monetary
amounts in these financlal statements are rounded to the nearest £.
The preparation of financial statements in compliance with Section 1 A of FRS 102 requires the use of certain
critical accounting eslimales. 11 also requires management lo exercise judgement in applying the charity's
accounting policies Isee note 31.
The following principal accounting policies have been applied consislenlly:
GoSng concern
The Irusloes consider that thero are no malorial uncertainties about the ¢harily's ability lo continuo as a going
concern.
Income
Income from donations is included in income when there is entitlement. probability of receipt and the amount
Can be measured with sufficient reliability.
Income from charitable activities, comprising grant income, is recogni5ed when there is enlillemenl. probability
of receipt and the amount can be measured with sufficient reliability. Where donor has specrfied that certain
pre-conditions must be fulfilled before use, the charity is not enlilled to the income until these pre-conditions
are fulfilled. In these cases amounts received are recognised in the relevant period or when the pre-condrtions
have been mel and until then Irealed as deferred income. Donations and grants for particular purposes are
included in income as restricted funds.
Income from fundraising activities is included in the period in which the event look place.
10

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
AccountSng pollcle5 (continued)
Expenditure
Expenditure is included in the Slalemenl of Fin8nci81 Actsvities on an accruals basis. inclusive of any VAT
which cannot b8 recovered. Expenditur8 is recognised when a liability is incurred.
Ralslng funds
Costs ol raising funds are those costs incurred in allracling voluntary income.
Chaiitable activities
Costs of charitable activities includè overhead, support costs and direct costs.
Supporl costs include the wages and salaries costs as well as the costs of running the charity. The
support costs are deemed lo be any other costs that are not allributable lo directly undertaking
grant funding and have been allocated lo chafitable activities on a basis consislenl with the use of
resources. Governan¢e ¢o$ts ¢omprise of a¢¢ountan¢y fees. independent examination lees and
legal lees.
The direct costs include team kil ¢o$ls, ￿nsUltaneY fees and Iralning costs.
Grant fundlng
Grants payable Comprise performan¢&related gronls, whiGh are deemed lo o¢¢ur when the
speclfled performance-related condillons have been fulfilled.
Tanglble flxed assets
Tangible fixed assets under the cost model are stsled al historical cost less accumulated depreciation and
any accumulated impairment losses. Historical cost includes expenditure that is directly allribulable lo bringing
the asset lo the location and condition necessary for il lo be capable of operating in the manner intended by
management.
Depreciation is provided on the following basis..
Office equipment- 20°/o slraighl line
Taxatlon
The charity is exempl from lax on ils charitable aclivilies.
Penslon
The charity operated a defined contribution plan for its employees. A defined contribution plan is a pension
plan under which the charity pays fixed contributions into a separate enlily. Once the contributions have been
paid the charity has no further payment obligations.
Tho contributions are recognised as an expense in the Statement of Financial Activities when they fall due.
The assets of the plan are held separately from the charity in independently administered funds.
Forelgn currencles
Assets and liabilit￿$ in loreign currencies are translated into sterling al the rates of exchange ruling the
Balance Sheet dale. Transactions in foreign currency are translated al the rale of exchange ruling at the date
of the Iransaclion. Exchange differences are taken into account in arriving al the operating result.

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
AccountSng pollcle5 (continued)
Intanglblfr assots
Intsngible assets are initially recognised al cost. After recognition, under the cost model, intangible assets are
measured at cost18ss any accumulated amort15alion and any accumulated irnpairrnenl losses.
All intangible as5els are considered lo have a finite useful lrfe. If a reliable estimate of the useful life cannot
be made, the useful life shall not exceed len years.
Amortisalion is provided on the following basis..
Website - 20./0 slrai9hl Ilne
Impalrment
The carrying values of intangibles and tangible fixed assets are reviewed for impairment when events or
changes in circumstances indicate that the carrying value may not be recoverable.
Stock
A stock Is held of team kll not yel donated. 11 is measured al the lower of the cost and net realSsable value of
the sep8r8le items of stock. Stock is provided free as parl of the charitable aclivily, so nel re81is8bla value is
based on the service potential provided by the items of stock. If the sloek items continue lo meet the need lor
which it was purchased, then il is not written down lo a nil realisable value except where the ilern of stock is
damaged or obsolete. Damaged or obsolete stocks are written down as an expense.
Flnanclal Instrum•ntS
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
88sic financi81 instruments are initially recognised al transaction value and subsequently measured al Ihelr
selllemenl value.
Impaimienl of finan¢lal assets
Financial a55ets. other than those held al fair value through the slalement of finan¢ial a¢livilie$, are
assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a resull ol one or more events
that occurred after the inilial reco9nilion of the financial asset, the eslimaled future cash flows have
been affected. The impalrmenl loss Is recognised In the statement of financial aclivilies.
Oerecognilion of financial assets
Financial assets are derecognised only when the contractual rights lo the cash flows from the asset
expire. or when il Iranslers the financial asset and subslanlially all the risks and rewards of ownership
lo another entity.
Derecognilion of financial liabilities
Financial liabilities are derecognised when, and only when, the charity obligations are discharged,
cancelled. or they expire.
12

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
AccountSng pollcle5 (continued)
Debtors
Short-lerm debtors are measured al transaction price, less any impairment.
Cash at bank and In hand
Cash is represented by cash in hand and deposits with financial inslilulions repayable wilhoul penalty on
nolice of not more than 24 hours.
Creditors
Short larm creditors are measured al the transaction price. Concessionary loans received are inillally
recognised al the amount received, and adjusted annually to reflect repayments and any impairment.
Funds structure
Funds received lor a purpose specified by the doner are credited lo the restri¢ted funds. Expenditure incurred
on these purposes is then charged lo the funds as it is incurred.
Unreslricled income funds comprise those funds which the Iruslees are free lo use for any purpose in
furtherance of the charitable obiecls. Unreslricled funds include designated funds where the Iruslees, al their
discrellon, have created a fund for a specific purpose.
Judgemonts and key sourcos of ostlmatlon uncertalnty
Preparation of financial slalemenls require tru51ees lo exercise judgement in applying the charity's accounting
policies. Eslimales and assumptions used in the preparation of the financial statements are continually
reviewed as necessary.
In preparing these financial statements, the trustees have had lo make the following judgements..
Determine whether there are indicators ol impaifmenl of the charity's tangible and inlangible assets.
Factors taken into consideration when reaching such a decision include the economic viability and
expected future financial performance ol the asset and where il is a component of a largest cash
generating unil. the viability and expected future performance of that unil.
Inlanglble flxed assets (see note 151
Intangible fix¢d asse15 aro amortised over their us¢ful lives. The aelual lives of the assets and rèsidual valuos
are assessed annually and may vary depending on a number ol factors. In re-assessing asset lives, factor5
such as technological innovation, product lifecycles and maintenance programrnes are laken into account.
13

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
Judgement5 and key sources of estlmatlon uncertalnty (continued)
Tangible fixed assets (see note 161
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where
appropriate. The actual lives ol the assets and residual values are assessed annually and may vary depending
on a number ol factors. In re-assessing asset lives, factors such as technological innovalion, product lifecycles
and maintenance programmes are taken into account. Residual value assessments consider issues such as
future market conditions. the remaining life of the asset and piojecled disposal values.
Ageing of the loan Inole 221
The loan is repayable al varying rates, depending on the charity's bank balance. The measurement of the
amount of loan repayable within more than one year is therefore an estimate based on the forecast of the
performance ol tho charity.
Incomo from donatlons
Unr•strlct•d R•strlct•d
Fund6
Funds
Unrestricted
Funds
Restricted
Funds
2023
2022
The Blavalnik Family
Foundation
Football Association
Foundation
Darren Dein
Other donations
Pears Family
HMPPS
Centrica
Action Funder
8erjerano
P Varney
The Direelory guys
15.002
15,002
7,000
15,210
7,760
10,000
59,967
25,000
7,000
15.210
7.760
10,000
59,967
25,000
179,408
179,408
3,000
3.000
3.000
5.000
11,000
3,000
5,000
11,000
198,408
3,000
201.408
139,939
139,939
14

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
In¢ome from ¢haritable a¢tivitie$
2023
2022
Fundln
to Football ¢lub$'.
Surrey Police & Crime Commissioner grant
The Siaffordshire Police, Fire and Crime Commissioner grant
Colyer Fergusson Charitable Trust- Charllon
Colyer Fergusson Charitable Trust- Gillingham
Cambridge Constabulary
Lincolnshire PCC
Ocado
WS Skills & Work solutions
Eranda Rothschlld Foundallon
HMPPS
3,333
13.334
3,333
6,667
5,000
5,000
1,000
6,667
3,333
s,000
50,000
23,331
Ll
8ra
Pr
Ministry ol Justice
27,071
790.623
115,402
828,290
Funding to football clubs compris&s grants recelvable from third parties for the provlsion of football trainlng In
Ilne with the charity s objectives.
The Literacy Project represents money receivable from the Ministry ol Justice for a literacy project in line with
the charity s objectives.
All income from charitable activities was reslricled in the current and prlor year.
Income from fundralslng actlvltles
2023
2022
Auction income
34,200
All Income from fundraising aclivS1ies was unreslrlcled In both years.
15

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
Expendlturo on ralslng funds
2023
2022
Cost of funds raised
Advertising & marketing
Fundraising event5
1.578
7.178
30.341
314
5.118
2.444
39.097
7.876
All expenditure on raising funds was unrestricted in both years.
Exp•ndltur• on ¢harltablo #¢tlvltlo$
Actlvlllg$
Grant
Und•rt•ken dlrectly
fundlng Support ¢o$ti
l¥•• notg 91 nol• 101
18ee not• 111
Tot¥1
2023
Total
2022
Funding lo football clubs
Literacy project
50.426
21.611
200,288
471.390
269.735
269.735
520,449
762.736
644,220
72,037
671.678
539.470
1.283.185
644,220
Expenditure on charitsble 8clivilies l018lled £1.283.18512022- £644,220) ofwhlch £794,06712022- £37.6671
was reslricled and £489.11812022 - £606,553) was unreslrlcted.
ActlvltS•5 und•rtakan dlrectly
Unrestrlcttd
Funds
Rtstrlcttd
Funds
Unrestri¢t?d
Funds
ReslTicltrd
Funds
2023
2022
Team kil
Consultancy fees
Direct training costs
70,687
1.350
70,687
1.350
40.292
1,035
1.500
40,292
1,035
1,500
72,037
72,037
42,827
42.827
16

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
10 Exp•ndSturo on grants
2023
2022
AFC Flyde
AFC Wimbledon
Birmingham City
Bolton Wanderers
Brentford
Burton Albion
Charllon Athletic
Coventry Cily
Crystal Palace
Derby County
Doncaster Rovers
ExelerlPlymoulh
Harrogale
Hartlepool
Huddersfield town
Hull
Ipswich Town
Leeds United
Lincoln City
Luton Town
Middlesborough
2.300
2.500
7.500
7.645
5.000
5,000
5,000
2,453
5,000
1,460
5,000
4,100
2,500
2,086
3,600
5.000
2.086
5.000
20.146
5.000
7.402
1.277
5.000
2,500
7.661
10.000
2,500
2,500
5,080
2,554
7,500
2,500
7,500
7,500
5,000
5.000
5,000
2,500
5,000
MK Dons
Morecambe
Newport County
Nolls County
Oldham Athleti
Oxford United
Pelerborough United
Port Vale
QPR
Salford City
Scunlhorpe United
Sheffield United
Sheffield Wednesday
Stoke Cty
Sunderland
Tranmere Rovers
Walsall
Wigan Alhlelic
Wrexham AFC
Wycombe Wanderers
Twinning USA
2,500
5,000
3,500
2,500
5,000
6,500
5,000
5.000
1.500
2.500
10.500
12.500
2.500
5.000
5.000
7.500
5.000
5.000
7.500
5.000
5.000
3.771
2,500
2,500
10,000
5.000
5.000
200.288
130,333
17

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
10 Expendlture on grants Iconlinuedl
2023
2022
Llteracy Proleet: Grant fundln9
C8rdiff City
Consullan¢y
Everton
Leicester City
Port Vale
Stoke City
Wesl Ham
81,537
5,300
61,729
117,629
61,929
81,537
61,729
471,390
671.678
130.333
11 support costs
2023
2022
Governance
Amortisalion
Office costs
Client enlertalnment
Bad debts
Depreciation
Other stsff costs
Travel
Staff costs
Gifts
Insuran¢e
Corporation tsx penalty
81.118
1.845
28.118
4,029
128.1891
505
5,144
52.033
391,252
368
3.247
46,664
1,824
7,106
3,151
11,650
406
12,035
35,075
351,636
315
1,098
539.470
471,060
The below table represents the governance costs for the charity..
2023
2022
Accountancy fees
Independent examiner lees
Legal fees
57,473
2,000
1.901
30.935
1,400
14,329
61,374
46,664
18

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
12 Trustee$. remuneration and benefits
During the year, none of the Trustee5 have been paid any remuneration or received any other benefits from
the charity12022 £Nill.
13 Trustoes. 8xp8nses
During the year, no Iruslees, expenses were incurred12022 - £Nill.
Details of transactions with Iruslees can be found In Note 26.
14 Employèès
2023
2022
Wages and salaries
Employers national insurance
Pension
354,531
34,322
2.399
316,545
32,528
2,563
391,252
351,636
During the year. thefe were on average 7 employees12022 - 3 employees).
The following number of employees earned emduments above £60.000 within the bands shown below..
£110,000- £120,000 012022- 11
£130,000 - £140,000 112022 - 01
The lolal employrnenl benefits of the key management personnel were £132,00012022 - £120,000). The
Chief Executive Officer is determined lo be Key Management Personnel.
19

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
15 Intanglble Flxed Assets
Webslto costs
Cost
Al 1 January 2023
Additions
9,225
At 31 De¢ember 2023
9,225
Amortisalion
Al 1 January 2023
Charge for the year
4,946
1.845
At 31 D•comb•r 2023
6,791
Nel book value
Al 31 December 2023
2,434
Al 31 December 2022
4,279
16 Tanglblfr Flxod Assets
Offlc• equlprn•nt
Cost
At 1 January 2023
Additions
2,527
At 31 December 2023
2.527
Amort1$81ion
Al 1 January 2023
Charge for the year
1,389
505
At 31 December 2023
1.894
Nel book v81ue
Al 31 December 2023
633
Al 31 December 2022
1,138
20

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
17 Stocks
2023
2022
Team kil
6,043
26.931
The impairment of stock recognised in the year was £Nil12022 - £Nill.
18 Debtors
2023
2022
Trade receivables
Provision lor doubttul debts
2,500
2.500
Gr8nls receivable
Other debtors
Prepayments
548.201
100
38,305
18,582
18.582
589,106
The bad debt charge during Ihe year was a credit of £28,18912022 - wrile-off of £11,650), comprising £Nil
12022 - £32.4811 of write-off of bad and doubtful debts. and the wrile-ba¢k of £28,18912022 - £Nill.
19 Cr•dltors: Amounts falllng due wlthln on• year
Reslaled
2022
2023
Trade payables
Accruals
Deferred income (see note 201
Loans (see note 221
Other creditors
Pensions payable
68.605
26,062
66,397
19,808
22.500
83,308
5.830
998
53,308
9,524
365
157,864
198,841
For details of the prior year restatement see note 27.
21

Twinning Project
Notes forrning part of the financial staternents
for the yoar ondod 31 Decgmbgl 2023 {¢ontinu9d)
20 Defgrred income
2023
2022
Al 1 January
Amounts released to income
Amounts deferred in the year
22,500
{22,5001
28,334
123,3341
17,500
Al 310ecember
22,500
Deferred income primarily relates lo income received by way of performance related grants for which the
performance conditions have not yel been mel. Deferred income ol £Nil12022 - £2.5001 relating lo an event
after the year end has also been included.
21 Crndltors.. Amounts falllng due after one year
Restated
2022
2023
Loans (see note 221
659,500
536,500
For detslls of Ihe prlor year r8slalement see note 27.
22 Loans
Reslaled
2022
2023
Davld Dgln Charltable Trust Loan
Oue within 1 year
53,308
53,308
D B Deln Loan
Due within 1 year
Due in 1-2 years
Due In 2-5 years
Due in more than 5 years
30,000
36,000
126,000
374,500
60.000
180,000
419.500
6S9,500
566.500
712,808
619.808
For details of the prior year restatement see note 27.
22

Twinning Project
Notes formlng part of the financial statements
for the year ended 31 December 2023 (continued)
22 Loans Icontinuedl
Included within loans due within 1 year is a loan balance of £53,308 12022 £53.3081 due lo David Dein
Charitable Trust. The loan is interest free and repayable on demand.
The remaining loan balance of £659,50012022 £566.5001 is from D B Dein, a Trustee of the charity. The
loan is interest free and repayable on the expiry ol al least 5 yearfs notice. The loan shall be repaid monthly
on varying scales once the charity holds more than £200,000 in their bank account.
23 G•n•ral and restrlcted lunds
Fund
balaneès
1 January
2023
Fund
balane•s
31 D•eemb•r
2023
Restricted funds
Incom•
Exp•ndltur•
Transf•rs
Literacy Project
HMP Rochester
HMP Cookham Wood
HMPPS
Action Funder- Greene King
WS Skills & Work solutions
Eranda Rothschild
790,623
27,071
3,333
6,667
23,331
3,000
5,000
50.000
(762.7361
{54,9581
3,333
6,667
123,3311
13,0001
15,0001
50,000
Total r•strlct•d funds
790,623
118,402
{794,0671
{54,9581
60,000
Unreslricled funds
1494,1541
232.608
{528.2151
54,958
1734,8031
General unrfjstrlcted funds
1494.1541
232,608
(528.2151
54,958
1734,8031
Total funds
296,469
351,010
11,322,282)
1674,8031
23

Twinning Project
Notes formlng part of the flnanclal statements
for the year ended 31 December 2023 (contlnued)
23 Gonèral and rèstrictèd funds Iconlinuedl
Fund
balances
1 January
2022
Fund
balances
310ecember
2022
Restrleted funds
Income
Expenditure
HMP Coldlngley
HMP Drakehall and HMP Dovegate
HMP Rochester
HMP Cookham Wood
HMP Peterborough
HMP Lincoln
Literacy Project
HMP Bullingdon
3,333
13,334
6,667
3,333
5,000
5,000
790,623
1,000
13,3331
113,3341
16,6671
13,3331
15,0001
15.0001
790,623
11,0001
Total rostrlcted funds
828,290
137,6671
790,623
General unr•strlct•d funds
119,664)
139,939
1614,4291
1494,1541
Total funds
119,664)
968,229
1652,0961
296,469
Restrlcted fund8
Reslricled funds represent grants provlded lor the lollowlng InstSlutlons and parlnershlps.,
Restrlded grant
Grant.maker
Football Club
HMP Coldingley
HMP Drakehall and
HMP Dovegale
HMP Rochester
HMP Cookham Wood
Surrey Police and Crime Commissioner
The Slaffordshire Police, Fire and Crime
Commissioner
Colyer Fergusson Charitable Trust
Colyer Fergusson Charitable Trust
The Cambridgeshire Police and Crime
Commissioner
Lincolnshire Police and Crime Commissioner
Ocado
AFC Wimbledon
Portvale and Stoke City
Gillingham FC
Charllon Alhletic
HMP Pelerborough
HMP Lincoln
HMP Bullingdon
Action Funder-
Greene King
WS Skills & Work
Solutions
Peterborough United
Lincoln City
Oxford Cty
Action Funder- Greene King
Ipswich Town
Sheffield Wednesday and
Sheffield United
WS Skills & Work Solutions
In addition. a grant was received from the Ministry of Justice for the following inslitulions.. HMP Liverpool
(Everton FCI. HMP Slocken (Leicester City FCI, HMP Stoke Heath Isloke City FC), HMP Drake Hall (Port
Vale), HMP Chelmsford (Wesl Ham United FC) and HMP Cardiff Icardrfl Cily FCI.
24

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
23 Genoral and restrlcted funds (conlinuedj
A further grant was received from the Eranda Rothschild Foundation for the following inslilulions.. HMP
Aylesbury Iwycombe Wanderers FCI, HMP Berwyn ITranmere Rovers FCI, HMP 8ullingdon (Oxford United
FCI, HMP Coldingley IAFC Wimbledon), HMP Deerboll (Harllepool United FCI, HMP Five Wells (Luton Town
FCI, HMP Forest 8ank18ollon Wanderers FCI, HMP Hewell (Coventry City FCI, HMP Hull IHLJII City AFC),
HMP Humber Iscunlhorpe United FCI, HMP Kirklevinglon Imiddlesborough FC}, HMP Randy (Lincoln City
FCI, HMP Risley Isalford City FC), HMP Springhill IMK Dons FCI. HMP Sudbury IDerby County FS), HMP
Thorn Cross Iwigan Alhlelic FC) and HMP Warren Hill Ilpswich Town FC).
A further grant was received from HMPPS. for the following inslilulions.. HMP Belmarsh Icharllon Athletic FCI,
HMP Fores18ank (Bolton Wanderers FC), HMP Hollesley 8ay Ilpswich Town FCI, HMP Thorn Cross (Wigan
Athletic FCI. HMP werringlon18irmingharn City FCI. HMP Welherby (Leeds United FC}, HMP Low Newton
Isunderland AFCI, HMP New Hall IHuddersfield Town FCI. HMP Warren Hill Ilpswich Town FCI. HMP
Deerboll IHarllepool United FCI. HMP Humber Iscunlhorpe United FCI, HMP Springhill IMK Dons FCI, HMP
Aylesbury (Wycombe Wanderers FCI. HMP Dartmoor (Plymouth Argyle FC) and HMP Foston Hall (Derby
County FC}-
24 Analysls of net assetsllllabllltlesl between funds
Restated
Unr8slrict8d
Funds
Unr•strlct•d R•strlct•d
Funds
Funds
Restricted
Fund5
Restated
2022
2023
Tangible assets
Intangible assets
Current Assets
Current Liabilities
Creditors due after
one year
633
2.434
79,494
1157.8641
633
2,434
139,494
1157,8641
1,138
4,279
235,770
1198,8411
1,138
4.279
1,026,393
1198,8411
60,000
790,623
1659,5001
1659,5001
1536,SOOI
1536,5001
1734,8031
60,000
1674,8031
1494,1541
790,623
296.469
For details of the prior year reslalement see note 27.
25

Twinning Project
Notes forming part of the financial statements
for the year ended 31 December 2023 (continued)
25 Analysls of net debt
Restated
Balancè as at
1 January 2023
Cash
movem&nt
Balanc8 as at
31 D•cèmb•r 2023
Cash in bank and al hand
David Dein Charitable Trust Loan
D B Dein Loan
410,356
153,3081
1566,5001
1295,487}
114,869
153,308}
1659.500}
193,0001
1209.452)
1388,487)
1597.939}
For details of the prior y6ar reslalement Soe note 27.
26 Related partles
The Charity has a loan payable lo David Dein, a Trustee of the charity. The loan is interest free and repayable
orb the expiry ol al least 5 yearfs notice. The loan shall be repaid monthly on varying scales once the charity
holds rnore than £200.000 in their bank account. During the year the charity repaid £32,00012022 - £13,000)
and received £125,00012022 - £Nill. Included within creditors is the loan balance of £659.50012022 restalgd
- £566.500).
Included within creditors 1$ a loan balan¢e of £53,30812022 reslaled.. £53.3081 due to Davld Dein Charitable
Trust, of whl¢h David Dein. a trustee of the charity is also a Trustee of the charitable trust.
27 Prlor year restatement
During the year, management performed a review of the loan balances held by the charity.
11 was identified that a loan due within 1 year of £53.508 made to the charity from David Dein Charitable Trust
was presented as due in more than one year, and further presented as b8ing part ol the loan from D 8 Dein.
This has resulted in an adjustment lo the comparative figures for the year ended 31 December 2022. sel out
throughout the accounts.
In the prior year, creditors falling due wllhln 1 year has been restated by £53,308 from £145,533 10 £198,841,
and creditors falling due within more than 1 year has been restated by the same amount from £589,808 to
£536,500. There was no impact on result for the year or opening or closing reserves.
26