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Charity Commission Annual Return 2025

SMART WORKS LEEDS

Charity registration number: 1184676

Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked.

This document is a record of the information provided in the Annual Return 2025.

PART A - Charity information

Financial period

Financial period start date 01/04/2024

Financial period end date 31/03/2025

Income and spending

Income £

£ 507,265

Spending £

£ 321,982

Number of contracts from government

How many contracts (other than grant agreements) did your charity receive from central government or a local authority during the financial period for this return?

0

Number of grants from government

How many grants did your charity receive from central government or a local authority during the financial period for this return?

0

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Corporate donations

What was the value of your charity’s single highest value donation received from a corporate donor during the financial period of this return? £ 5,000

Donations from individuals

What was the value of your charity’s single highest value donation received from an individual during the financial period of this return?

£ 196

Donations from related parties

What was the value of your charity’s single highest value donation received from a related party during the financial period of this return?

£ 5,000

Grantmaking

Is grant making the main way your charity carries out its purposes?

No

Recipients of grants

Please round all figures to the nearest pound (do not enter decimal points or commas). Individuals

£ 0

Other charities

£ 0

Other organisations that are not charities

£ 0

Trustee payments

Excluding out of pocket expenses, for what were any of the trustees paid during the financial period for this return?

⊠ e. None of the trustees have been paid

Did any of the trustees resign and take up employment with your charity in the financial period of this return?

No

Income from outside the UK

Did your charity receive income from outside of the United Kingdom in the financial period of this return?

No

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Delivering activities outside the United Kingdom

Did your charity deliver charitable activities outside of the United Kingdom in the financial period of this return?

No

Spending outside of the United Kingdom

Did your charity spend funds outside of the United Kingdom in the financial period of this return? No

Total Spending outside of the United Kingdom £

Trading subsidiaries

Does the charity have any trading subsidiaries?

No

Employment contract types

People were permanently employed by your charity 8 People were on fxed-terms contracts with your charity 0

Self-employed people were working for your charity 0

Total overseas employees

How many of the people above work on behalf of your charity outside of the United Kingdom?

0

Total employee payroll

What was the total amount spent on employee payroll during the financial period relating to this return?

£ 181,040

Employees' salaries

Did any of your charity's employees receive total employment benefits of £60,000 or more in the financial period of this annual return?

No

Governance policies

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Internal charity financial controls policy and procedures Yes Safeguarding policy and procedures Yes

Financial reserves policy and procedures

Yes

Complaints policy and procedures

Yes

Serious incident reporting policy and procedures

Yes

Internal risk management policy and procedures

Yes

Trustee expenses policy and procedures

Yes

Trustee conflicts of interest policy and procedures

Yes

Investing charity funds policy and procedures

Yes

Campaigns and political activity policy and procedures

Yes

Bullying and harassment policy and procedures

Yes Social media policy and procedures Yes Engaging external speakers at charity events policy and procedures Yes

Safeguarding

Has your charity provided services to children and/or adults at risk in the financial period of the return? Yes a. Standard DBS checks have been obtained for all eligible roles No b. Enhanced DBS checks have been obtained for all eligible roles No c. Enhanced with Barred List(s) DBS checks have been obtained for all eligible roles No

Serious Incidents

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Has your charity reported all Serious Incidents (including any historical incidents) that the charity became aware of during the financial period of this return? There were no incidents to report

External risk and impact

Donations No impact Other income - grants No impact Other income - contracts Not applicable Other income - investment No impact

Expenditure on charitable activities No impact Expenditure on overheads Negative Number of volunteers No impact Number of employees No impact Number of trustees No impact Fundraising activities No impact Capacity to deliver services Unknown Total service demand Unknown

Volunteers

Excluding trustees, provide an estimate of the number of volunteers who carried out charitable activities on behalf of your charity in the United Kingdom during the financial period of this return? 140

PART B - Financial information

Account type

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Charity only accounts

Does your charity prepare:

Assets

Of the total fixed assets Total fixed assets what value is Fixed asset investments £ 1,070 £ 0 Of the total current assets Total current assets what value is Current asset investments £ 317,068 £ 0 Of the total current assets what value is Cash at bank and in hand £ 286,426

Liabilities

Creditors due within 1year £ 32,953 Defned beneft pension scheme asset/(liability) This fgure should be prefxed with a minus symbol if it is a negative value £ 0 Total net assets/(liabilities)	Creditors falling due after oneyear andprovisions
	£ 0
£ 285,185

Funds

Endowment funds £ 0 Unrestricted funds £ 52,285 Total Funds	Restricted funds
	£ 232,900
£ 285,185

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Additional information

Support costs

£ 11,403

Level of reserves

£ 52,285

Depreciation charge for the year

£ 3,479

Average number of employees

8

Income and endowments

Donations & legacies £ 448,455 Of the total donations & legacies what amount is Endowments received £ 0 Investment income £ 848 Other income £ 0 Total Income and endowments £ 507,265

Of the total donations & legacies what amount is Legacies £ 0 Other trading activities £ 57,962 Income from charitable activities £ 0

Expenditure

Expenditure on raising funds £ 21,864 Other expenditure £ 0

Of the total expenditure on charitable activities what value is Grants to institutions £ 0

Of the total expenditure on raising funds what value is Investment management costs

£ 0

Expenditure on charitable activities

£ 300,118

Of the total expenditure on charitable activities what value is Governance costs

£ 815

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Total Expenditure

£ 321,982

Gains/(losses)

Actuarial gains/(losses) on defined benefit pension schemes This figure should be prefixed with the minus symbol if it is a negative value.ymbol if it is a negative value.mbol if it is a negative value.gative value.ative value. £ 0

Gains/(losses) on revaluation of fixed assets schemes This figure should be prefixed with the minus This figure should be prefixed with the minus symbol if it is a negative value. symbol if it is a negative value.ymbol if it is a negative value.mbol if it is a negative value.gative value.ative value. £ 0 £ 0 Net gains/(losses) on investments Other gains/(losses) This figure should be prefixed with the minus This figure should be prefixed with the minus symbol if it is a negative value. symbol if it is a negative value. £ 0 £ 0

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We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:

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Information we collect about you

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To enable us to carry out our statutory functions and duties;

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Information we receive from other sources.

Information we receive from other sources

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Declaration

This annual return has not been submitted and no Declaration has been made

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Charlty reglstration number 1184676 (England and Wales) Company reglstration number 12059540 SMART WORKS LEEDS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

SMART WORKS LEEDS LEGALAND ADMINISTRATIVE INFORMATION Trustees Ruth Cherry Helen Oldham Tracy Fletchgr Stephanie Smith Emrna Illin9WOrth Jul￿tte Fitzmaurice Am8nda Clatl(e Ally Dowsing-Reynolds Deirdre Reid (Appointed 8 August 20241 (Appointèd 8 August 20241 Charlty number 1184676 Company numbèr 12059540 Regl8t¢red offlce Mabgat8 Mills Mill 5 First Floor Mabgate Leeds Yorkshire United Klngdom LS9 7DZ Indep8nd•nt examlner Gra￿19 Audit Oxford LLP Fiist Floor, Park Central 4041 Park End Street Oxford OX1 1JD BankerB Nafv4est Ghatham Customer Service Centre Western Avenue Waterside Court Chatham Maritime Chatham Kent ME4. 4RT

SMART WORKS LEEDS CONTENTS Page TNstees report Independent examinerfs ￿port Statement of finandal activities 10 Balance sheet Notes to the financial statements 12-24

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also the d1￿CtOrS of the charity for the purposes of the Companies Act, pres8nt their annu81 report togetherwth the 8ccounts of Sm8rt Works Leeds in the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies Set out on pages 12 to 13 and comply vAth the cha￿ty,5 governing document, applicable laws and the requirements of Stslement of Recommended Practice on 'A£counling and Reporting by Charities, issued in 2019. ObSectlves and activiti Smart WoTk5 Leeds provides both careeT8 coaching and InteNiew coaching, as well as high quality interview clothes and styling advice to unemployed women. We give women the confidence. self-belief and practical tools they require to succeed at interview 8nd start a new ch3Pter of their life. The charity's objectives are the relief of financi81 hardship and the relief of unemployment for the public beneffit through the Pfomotion of economic independence among women in Yorkshire. To deliver this, Smart Works Leeds was inwrporated in 2019 with a clear mission and vision to help more women back into the workplace by gnfing thern the clothes and the confidence they need to succeed at job interview. Smart WoTk5 Leeds is part ol a network of 8ight charities that deliver the Smart Works Charity service in their area. At the Core of our service is a tw￿hOUr Interview Dressing and Preparation appointment, during which each woman receives 8 complete ouffit of high-quality clothes and acoes50ries Ilheirs to keep) and tailored one-lo-one interview coaching. This deceptivety simple. short intervention has a signffic8nt Impact as our clients start believing in their own ability to succeed. Once they get the job, we offer clients a Second Dressing for more clothing, to provide a working wardrobe to see them through to ibeir first pay cheque. In addition to the core Serv4￿, for unemployed women who have not yet secured a job intetview. we deliver career coaching sessions to offer support and skills to gain interviews. This rnay be around CV preparation. Job application andlor sectorlroles that match their skllls. This aspect of our service ha5 seen high growth in recent years as the job maiket has become more difficult. As part of the Smart Works Group, our strategic focus 15 to delwer our core dressing and Inte￿ieW coachlng service to the best possible standard across the UK and to take it to more locations so that any woman who needs our support can corne to Smart Work5. In the lace of the cost-of4iving crisis, the value of securing a job has never been greater. Our support 15 needed now Tnore than ever. This year we completed our Ihree-year plan, which sel a target of reaching 10.000 women per year, as well as enhanang other aspects of our semce delivery. Key impact data trom across the UK is as follows.. 10,600 women 5UPPOrted in 2024125 alone 12 centres del￿verIng services across the UK 67% of rjients secure a job within one month of their appointment 94% report increased confidence after engaging with Smart Works S7% of our client5 are frorn an ethnic minority background 16% of our clients have a disability 49% of our clients are parents 59% of our clients are age 25-29 Our key perfoTm8nce indicators are the number of women that we help, and the proportion of those women who secure employment after their visit to a Smart Worf(s Centre

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aehlevements and perfonnanee Hlghlight5 Smart WoTks Leeds is incredibty proud of whal has been achieved in its 6th year. Overall, Smart Work8 Leeds ha5.. Helped 1005 unique beneficiaries on theirjourney to employrnent., and delivered 1284 total appointments. Delivered 728 Intemew Dressing & Preparation appointments to unemployed WOfn8n with secured job interviews. Delivered 360 career coaching appointments to unemployed women lo help them make tangible steps toward Becuring an interview. Been grateful for the support of over 90 volunteers in deliverlng the servlce. 84% of the women we helped before a job interview seeured employment within a month of their visit. Continued to reach women who face significant barriers lo securing employment. Smart ￿￿Ik$ clients are rn05tly long-term unernployed and have experienced repeated rejections from multiple jobs.. 17% have been ￿leCted from over 20 jobs, 129/0 have been rejected from over 50 jobs, 27% have been unevnployed for OV8T a year and 19% have been unemploye¢ for over 5 years. The majorty are from communlbes facing Mu￿"ple barrier5 to gaining employment.. 25% are lone parents, 15% have a disability and 49% aTe from an ethnic mlnorty This year we have completed year 3 of our latest 3-year plan. We committed to a number of initiatives including widening our outreach in Bradford and beyond, strengthening our local Bo8rd and developlng our relationships within existing communities, as well 85 identifying new partnerships across the Ytsrkshire region. All this wth the airn of helping at least 1000 women in our region. We are delighted to have 8thieved and exceeded our own expectstions and would like to highlight the following Suc￿$se8.. We have secured alrnost £380k of grant lunding oveT a 3-year perlod from The YBS Foundatlon, This has enabled us to accelerate our plans to support women from the Bradford region and allowed us to employ 3 local women to support outreach 8Nd seNice delivery focusing expliatly on the Bradford district, with targeted efforts in areas idenlffied as most in need (util￿7ng the Indices of Multiple Deprivation). Our targeted approach to grant funding has meant that we have 4 Additional 518ff from our region, 3 of whom are now part of our pemianent team. We now have 9 Trustees, includin9 our ChaiT,' our new Tru51ees bringing additional ski115 and experience, induding strong govemance, marketing and also lived experience. This yeaT we hosted our first ever Inlernalional Women's Day event which was a re50unding success. We had over 150 attendees and raised circa £5k through ticket sale5 and sponsorship.

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanelal Revlew Results for lh• year Total income for the period was £507.265, made up Substantially from Grants and Individual Dollation5 £317,962 and Corpordte and Diessing Stock Donations £130,493 and totsl expenditure was £321.982 resulting in net incorne of £185,283. Of thi5, £169,476 was Teceived from the Yorkshire Building Society Charitable Foundation to be spent in FY 25-26 and is restricied to our Bradlord expansion project. There is 8 103% in¢Te8se in over811 income which includes unrestricted income of £190,698 and restricted income of £316,567. Grants and donations provide 88% of our total income and fundraising events 8nd fashion sales raised 12% of our income. There has been 8 substantial Èncrease in fvnding received from Granls and Foundation5, Wlth a signjficant amount 1£169kl having been received as part of the Y8S Bradford project, all of which is re81ricted funding. Also included in the grant Income was ftjnding for 2 brand new roles.. £19,300 from the National Lottery Community Fund, fundiNg a new Service Delwery Coordinator role beginning J8nuary 2025, induding management lime. £25,764 trom Beyondly's Fund for Change, funding one year of Outreach A8sSstsnt to work exdusively on North Yorkshire outreach, including as50riated costs. She began in role Novernber 2024. As well a5 SUPPOrt for a llew permanent role, Leeds Outreach Asslstant, from NPower Business Solutions Foundation for their first year.1£17,5001 Ifundlng July- July) Other notable grants include.. £9,425 from Maximus Local Impact Fund. funding a 6 month Research A551Stanl lo focus on researching the needs of the Bradford District. The employee in this role is now part of our expansion to Bradford projeot and is funded by Yorkshire Building Society for a further 3 yettrs. £9.720 from Bettys and Ta￿Or$ Cornrnunity Fund. funding targeted Leeds outreach a5 well as essen11818spects of our wardrobe and training. £10,000 from The Keith Howard Foundation, funding our Leeds job5 fair. as well as essential aspects of our servlce to indude postage, social media outreach and marketing. And with thanks to The People's P05tcode Trust for their unrestricted donation of £25.000. We were privileged to be chosen as the charity Partner for the annual LDC charity qu￿ which raised an impressive £21k for our charity. Other noteworthy Corporate supporters indude High Speed Training, Re."wsion, Pinsent Masons and Wealth and Wellbe1ng.

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Sources of Income £J17.1 21QS t150.￿0 ?W24 f 107,Sfs4 '&9,2 El00.￿¢ .667 E57.9É2 / E%>.OCt) 22.829 É20.al%J £8d8 EO Cknthlng Total expenditure for the period was £321,982 which is a 27% increase from last year. OUT Costs are mainly for 8tsff, prernises and dired client service ¢05ts which together make up 870A of our overall costs. As mentioned, the siaff cost increase is as a result of employin9 additional staff, using iestricted grant funding. In addition, an incTe8se in both the living wage and NIC costs have contributed to the uplift. Expendilure includes an accTual of £20,000 for dilapid8tion costs, due to moving premises after the fin8ncial year end. Expendilure £Mo,I E160,1 15&070 El40.iXIO £J20.ts)¢ £ioooJo k4 t58.955 £w.oco E36.fX>2 £27.072 124. E21.09) Y?.1.864 r17.415 E*).W) Eo Stslt SupyAi

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Invèstment Policy The Trustees, having regard lo the liquidity fequirements of operating the Charity and lo the ￿serveS policy, have operated 8 policy keeping available funds in interest-bearing deposit aGcounts. Reserves Pollcy The Trustees have considered the requirement for free reserves. i.e. those unrestricted funds rtot designated for 5pecffic purpose or otherwise committed. It ha5 been determined that, given the nature of the charlty's work, the level ol free resetves should be equivalent to 3 to 6 rnonths of annual expenditure. Thi5 provides suffiaent flexibllity to cover any temporary shortfall in income and will allow the ch8rity to cope and respond immediately to a reasonable range of unforeseen advet5e circurnstan¢es prior to Spe￿riC Ternedial plans being implemented. The free reserves ol £52,285 meets this ￿qUIrement. Structure, oo¥ernance and management Govèmance Smart Woik5 Leeds and ￿1$ Trustees are bound by the Memorandum and Artides of Association. The name of the Tru51ee5 who setved dudng the period are set out Sn the leg81 and administrative inlormats.on section. Smart Works Ch8rity is the sole member of Smart Works Leeds. Smart Wotks Leeds h85 been granted a license to operate by Smart Work5 Charity and il h8S the same objectives and similar activitie5 8S the parent company. Recrultment and Appolntment of new Trustees Regular reviews are undertaken lo assess the ski115 of the current Trustee5 and identify any areas for strengthening. New Trustees 81e appointed by the existing TIu5tees and their appointment Is approved by the Srnart Works Charity Board. Inductlon And Tralnlng of new Trustses New Tiustees are provided with 8n induction to f8miliarise themselves wth the tharily and the not-lor proflt sector. They are briefed on their re5POn5ibilities by the existing Trustees. New Twstees are also ￿ferred to the Charity Commission's guide 'The Essential Trustee.. Smart Works Gharity shares a Trustee Welcome Pack with all Sm8rt Wod(s Trustees when they loin the charity, Setting out roles, responsibilrties and the struclure of Smart Works both locally and nationally. These resources are available under the dedicated Trustee section of our intemal portal lor too15 and resources along other useful guides and videos. Trustees also undertake training as part of thelr role, including on Equity Diversity and Inclusion. Oryanlsatlonal Strueture and De¢lslon-Making The Trustees review and approve all policies, and follow a strategy set in the busines5 plan, in line with the wlder strategy set by Smart Works Charity. Th8 Trustees meet at least quarterly throughout the year and will hav8 an annual 58ssion to update and revise the strategy. Management The day-to-day management of Smart Works Leeds is undertaken by the Centre Managers and overseen by the Chair and Board of Trustees. Resources. infrastructure and 5UPPOrt is pmvided by Smart Works Charity on finance, people, partnerships, operatlons ard communications. Pay Policy for Key Management Personnel l Trustees give their time freely and no Trustee received remuneiation in the year. The pay of staff is reviewed annually. The Trustees benchmarf( pay agalnst pay leve15 in other similarfy sized charities and other Smart Wofks centres. Rlsk Management The Tiustees regularfy rewew the major risks to which the charily is exposed, in particular those relating to governance. operations, finance. HR. cornpllance and extemal factors. The centre maintains a ri8k register that is reviewed by the board on 8 iegular basis.

SMART WORKS LEEDS TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Relatlonshlps *ryth Related Parties Smart Works Charity is the sole member of Smart Works Leeds Policies Polioies for all relevant areas are maintained by Smart Works Charlty, including Safeguarding Vulnerable Adults. Safeguarding Children, Anti-Bribery 8nd Fraud. Anli-Harassment & Bultying. Cotnpassionale Leave, Complaints. Conflict of Interest, Data Protection, Disciplinary, Environmental, Equality, Flexible Working, Grievance, Health & Safety, Lone Working, Maternity, Paternity. P8rental Leave, Privacy, Redundancy, Risk Management, Shared Parental Leave, Sicknes8 Absen￿ & Capability, Travel & Expenses and Whistleblowing. A Staff H8ndbook is rnade available to staff and includes a summary ol all these policles. Volunteers The Trustees are grateful for the invaluable contribution of those who give their time voluntarily to del￿er across roles in dressing, coaching, wardrobe management and administration. We have over 90 active volunteers with very high retention rate and an ongoing recruitment process to bolster numbers. Our volunteers are one of our greatest assets. they are all totally deduted and play an enorrnous role in delivering our dr8ssing and coaching services. Publlc Benefit The Trustees have read and complied wMh the guidance contained in the Charity Commission's general guidafice on publlc benefits whell reviewng OUT aitns and objectives and in planning our future aciivilies. Our achievements above demonstrate how we have fulfilled this requlrement during the year. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Future Plans Dellverlng our Three Y•ar Plan by 202S On the 1stAp￿1 2022, Smart Works Leeds began the first year of an ambitious Three Ye8T Plan as part of Ihe Smart Works Group in response to a 51gnificant increase in need for the service provided in our area. Thi5 plan is now complete and extensive collsultation h8S SUPPOrted th8 developm9nt of the new three year p18n, vthich will be launched in 2025, building on the success of our irnp8Ctful model. The cost-of-living crfsls has had a devastating impact on the women we serve and the expansion of our setvlce ha5 never been mole UTgent. The job market is worsening for the women we Serve, vtho are applying for an average of 38 roles without success. up from 22 in 2022. The new strategic plan is focused on the following five ambitions.. Stralegic Pflorlty Aim Reach rnore women We asp￿8 to ensure every vioman who C￿ld benefrt from Smart Wowks can access our sérvice. A Intsled, 'go lo, Sa￿¢9 We aim to be na￿.0￿alty recognised as th81oading serwce lor unemployed wom8n. For ovgry woman. at any stagè We recognisè that women nee¢J different kn.nds of support al drfferént poinls in th8ir workn"n9 &￿es. Raise Our Voice e use our v￿ce lo ￿fluence puNic discourse 8nd policy around wornen's unemployment. strèngthen Our FOUnda￿"on$ We will build Ihe infrastructure. cutture, and fun¢Jing model needed f¢)r sustainable growth, gwounded in equltable pracbces and continuous tmprovemenl.

SMART WORKS LEEDS TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 To athiewe Ihese aims In our area, we will.. Move lo 8 rnu¢h largar Cenlre with lh8 r2padty ta SkVPOrt up lo S,000 women peryear. Coniiftue lo develop our outreach around 8radford. whera there is an urgonl ne8d for cwr serylee, d8vek)pir¥J eommuA5ty workshops to SLSPPOrt Ihose wom6n who ar8 rnueh luvlh8r from the job market. Alm to double the number of our acl¢va voluDleets to meet th8 increased demand for our service. Develop our funding mcKlel 10 8UPPOrt sustainable growth. Equlty, Dlver51ty & lrt¢luglon In Jun& 2023. Srnart Works launched a new groupwld8 Eqully. Divefsily & Inclusion Strategy. The strat8gy yel$ oul a framework for how all Smart Worls centres WIU nurture a culture of dfvorsity and in¢lu$ivity. Over the lasi ygar, Smart Works has delivered irnportarl inilialives to pmg18ss Ihi5 Wo￿. This Includes Iraintng for 51aff. Irusteas and volunieers, damogrsphic data coll8¢1ion across our internal cornrnunity, and the launch of a ¢I￿ni CharnpK)n progr8mrno where former clignls bec￿me 8mbassadors for the charity. We want Smart Work5 10 be a place where everyone feels accepted, valuÈd And abLg 10 Ihrive - whelh8r they Ére staff. volunle6r5. trustfres. partners, supportots, or cur ¢lienls. Srn8rt wo￿9 Legds is cornmilted on impS#menling Ihis strategy lorally and ueal￿g a rrn)fe inGlusive and equitable fulure lor every mamber of th• Smart Works mmunity. rhe Twsl s report was approv&d by Iha 8oaid of TrLLgle6S. 8lcher Arnaada Clarke TrtJJlee Trust Da.. .......

SMART WORKS LEEDS STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are a150 the directOTS ol Smart Works Leeds for the purpose ol cornparsy law, are responsible foT preparing the Trustees Report and the financial statements in accordance with applicable law 8nd United lQngdom Accounting Standard8 Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to PTepare financial 5tatement5 for each finanaal year vthich give a true and fair view of the $18le ol affairs of the Charity and ol the incoming resources and application ol resource5, including the income and expenditure. of the charitable company for that year. In Preparing these ffinancial statements, the Trustees are requlred to.. select suitable accounting poli￿eS and then apply them rx)n519tentty', observe Ihe methods and principles in the Charities SORP., ake judgements and estirnates that are reasonable and prudent.. stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial slatements on the going concem basis unle35 It Is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeplng adequate accounting records that disdose wth reasonable accur8cy at any lime the financial position of the Charity and enable thern to ensure that the finanaal statements cornply with the Companies Act 2006. They are olso responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SMART WORKS LEEDS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SMART WORKS LEEDS I report to the Trustees on my examination of the financial statements of Smart Works Leeds Ith8 Charity) for the year ended 31 March 2025. ReBponslbllltles and basis of report As the Trustees of the Charity land also its directors lor the purposes of company lawl, you are responsible for the preparatioTh of the finanrial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the fiNancial staternen15 of the Chaiity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for ind8pendent examination, l Teport in respect of my exarninatlon of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carying out my examination I have followed the Directions gThfen by the Charity Comrnission under section 14515llbl of the Charities Act2011. Indap•ndent examIn•￿S statement Since the Charity's gros5 income exceeded £250.000. the independent examiner must be a member of a body listed in Section 145 01 the Charities Act 2011. 1 confirm thal l arn qualified to undertake the examination because I am 8 member of ICAEW, which is one of the listed bodies. I have completed my examinatSon. I confirm that no matters have come to my attention in connecticm with the examination giving me cause to believe Ih8t in any rnalerial respect.. accounting records We￿ not kept in respect of the Ch8r4ty as required by sectK)n 386 of the Companies Act 2006. the financial Statements do not accord with those ￿COrdS., or the financial statements do not comply with the accounting requi18ments of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, whlch is not a matier considered as part of an independent examin8tion', or the financial statements have not been prepared in accordance wth the tnethods and principle5 of the Statement ol Recofnmended Pradice for accounts.ng and reporting by charities 8ppllcBble to charities preparing their financial statements in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no ¢oncem5 and have come across llo other matlers in connection wth the exarnination to which attentlon should be dT8wn in this report in order to enable a proper understanding of the ffinan¢lal statements to be reached. Gary Pready F Gravlta Audit Oxlord LLP First Floor, Park Central 4041 Park End Street Oxford OX1 1JD D8te'.

SMART WORKS LEEDS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrfcted Re¥trleted funds funds 2025 2025 Total Unrostrlcted Restricted funds funds 2024 2024 Totsl 2025 2024 Nates Income from.. Donations and legacAe8 other trading activftles Investments 131,888 57,982 848 316.567 448,455 57,962 848 72,142 63,867 113,465 185,607 63,667 Total income 190,698 316,567 507,285 135,809 113,465 249,274 Expenditure on.. Raising funds Charitsble actimties 21.864 198.373 21,864 300.118 17,415 120.444 17.415 236.847 101.745 116,403 Total expendlture 220,237 101,745 321.982 137.859 116,403 254,262 Net Incomellexpendlturel and movement in funds 129,5391 214,822 185,283 12,0501 12,9381 14,988} Reconciliatlon of funds.. Fund balances at 1 April 2024 81,824 18.078 99,902 83,874 21,016 104,890 Fund balan¢g¥ at 31 March 2025 52,285 232,900 285,185 81,824 18,07B 99,902 The statement of financial activities indudes all gains and losses recognised In the year. Al income and expenditure derNe from conlnuing activille$. 10

SMART WORKS LEEDS BALANCE SHEET ASAf31 MARCH 2025 2025 2024 Note5 rangl￿e 8ssets 12 1.070 4,549 Current as#ets S¢ocks Oeblors Cash ai bank and In hand 13 14 12,156 18,486 286,428 16,447 19.762 66,575 317,068 102,784 Credittsr5: amounts falting due wlthln one year 15 112.9531 17.4311 Net current asyet 304,115 95.353 Total assets 1&88 current liablliti 305,185 99.9Q2 Provision for other liabllilles 16 120.0001 Net a$sgts 2e5.185 99.￿2 Tho funds of Ihe Charlty Reslrlcled income funds Unr8slfiCtéd fvnds 10 19 232.SlJO 52,285 18.078 81,824 285.185 99.902 The company is enliiled lo Ihe exèmption frorn the audit requirgmenl cOnta￿Ded section 477 of Ihfy CotllP8ni8s Act 2006. for the year ended 31 Marrh 2025. Th8 dire¢tors ackn￿ed08 Ihelr foSP0Tr81billlies for ￿Mplying wsth Itt8 rerluirements of Ihe Companies A¢1 2006 wtth ￿spe￿ to acc(oJnUng records and thè pffjp8ral￿n ol Ilnanclal slalaments. Tho m8mbers have not required th6 company lo obtaln an audit of lis finandal statements lor the year In quesyon in accordance wllh seGUon 476. The$0 financlol $taternents have been prèpared In xcorijanca wllh Ihe prov15ions appllc8ble to WrnP8nie5 $ubiect to th8 small ¢ompanle$ reg•rne. Thg fina cial 51alemenls wers approved by the Trusiees on.-... . Flalcher Truslee Amand Twstee larke Company registration number 12059540 IEnglaThJ and Wale81

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounllng pollcles Charlty Infomiatlo Smart Work5 Leeds is 8 private cornpany limiled by guarantee Incorporated In England and Wales. The registered office is Mabgate Mills Mill 5. Flrst Floor, Mabgate, Leeds, Yorkshire. LS9 7DZ, United Kingdom. 1.1 Accountlng convertrtion The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The Charty is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SQRP for ch8rfties not lo prepare a Ststement of Cash Flows. The financial ststernents are prepared in sterfing, is the lunclional currency of the Charity. Monetary amounts in these financial statements are rounded to the neare51 £. The ￿nAnCIal statements have been prepared under the historical cost convention. The principal accounting polides adopted are set out below. 1.2 Golng conc¥rn At the time ol approving the finanual statements, the Trustees have a reasonable expectalion that the Charity has adequate resources to continue in operational exi5teNce for the foreseeable future. Thu5 the Trustees continue to adopl the going concem basis ol accounting in preparing the financial stalemellts. 1.3 Charltable fund$ Unrestricted funds are available ft)r use al Ihe discretion ol the Trustees in furtheran￿ of their charitable objedives. Restricted fijnds are svbject lo speufic condrtions by donors or grantors 85 to how Ihey may be used. The purposes and uses of the restricted funds are set out in the notes to the financial staternents. 1.4 Income Income is ￿COgnised when th8 Charity is legally enlilled to il after gny performano conditions have been met, the amounts can be measured reliabty, and it is PTobable that income wll be received. Cash donaiions are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donalions received under Grft Aid or deeds of covenanl Is recognised at the time of the donation. Legacies are recognised on receipt or othemse rf the Charity has been notified of an Impending distribulK)n, the amount is known, and receipt is eKpected. If the amount Is not known. the legacy is treated as contingent asset. Donated stock for dressing clients Is recognised in the financial statements when the goods are received by the charity and their value can be meaSu￿d with reasonable accuracy. The value placed cn these resources is their value lo the charity. The trLJStees consider it impiactical to measure the value of volunteer help and consequently, as permitted by the SORP, their value 15 not recogni5ed in the financial statements bul is described in the trustees. allnual report. 12-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) l.S Expenditure Expendrture is recognis8d once there is a legal OT constructive obligation to transfer economlc benefit to a third pariy, It is probable that a transfer ol econornic benefils will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by aetniity. The costs of each actlvty are made up of the totsl of dirert eosts and shared costs, induding support costs involved in undertaking each adivity. Direct costs attributable to a single activity are allocated directly to that actlvity. Shared costs which contribute lo more than one acts'vity and support costs whith are not attributsble to a single activity are apportioned between those 8Gtivities on a basis consistent with the use of resources. 1.6 Tanglble flxed aBsets Tangible fixed assets are initially measured at cost 8nd subsequentty measured 8t cost or valuation. nel of depreciation and any impairment Ios5e5. Depreciation is recognised 50 as to write off the cost OT valuation of a5$ets less theif residual values over their useful live5 on the followng bases. Compuler Equipment 30Qk on the straight lin8 basis The gain or105s arising on the disposal of an asset is detemiined as the difference between the sale proceed5 and the carrying value of the asset, and is recogni5ed in the statement of financial activities. 1.7 Impalrment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of its tangible 855ets to determine whether there 15 8ny indication that those a55ets have suffered an impaimient loss. If any such Indicabon gxlsts, the reooverable amount of the asset 15 estimated In order to determine the extent of the impairment loss lil any). 1.8 stocks The c05t of donated dressing stock for distribution to beneficiaries is valued at fair value, which has been estimated by the trustees. 1.9 Cash and cash equlvalents Cash and cash equivalents include ush in hand, deposits held at call with banks, other short-term liquid investments with origlnal maturities ol three months or less. and bank ov8rdr8fts. Bank overdraft8 are shown withiN borrowings in current liabilities. 1.10 Provlslon8 Provisions are recognised vA)en the Charity has 8 legal or constructive pres9nt obligalion as a result of a past event, it is probable that the Charity will be required lo settle that obligation and a reliable estim*e can be m8de of the amount of the obligation. The amount recognised as a provision is the best eS￿'Mate of the conslderation required to s8ttle the present obligation at the reporting end date. taking into account the risk5 and uncertainties surrounding the obligation. here the effect of the time value of money is Tnaterial, the amount expected to be required to settle the obligation is recognised at present value. Vvhen a provision Is measured at present value, the unwinding of the discount 15 recognised as a finance cost in net incomellexpendilurel in the perlod in which it 8rises. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which 11)e employee's seNces are received. 13

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aecounling polleles Icontlnuedl 1.12 Retirement beneflts Payments to defined contribution retirement beneff( schemes are charged as an expense as they fall due. Critical aeeountlng 8Stlmates and Judgements In the application of the Charity's accounting policie5, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and Ilabilities that are not Teadily app8￿nt from other Sour￿$. The estimates and a5souated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may diffei from these estimaies. The estimates and undertying assumptions are reviewed on an ongolng basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision 8ffects only that period, or in the period of the revision and future periods where the revision affects both rAJrrent and future periods. The trustees consider depreciation to be the main ac¢ounling estimate. The trustees consider depreriation to be a s￿nthcant estimate in the accounts. DonatlonB Unrestrlct8d Restricted funds fund¥ Total Unrèstrlcted R•strlcted funds funds Total 2026 2025 2025 2024 2024 2024 Corporate donations Dressing stock donations Grants and individual donations 59.403 59,403 22,829 26,142 63,820 89,962 20,303 20,303 22,829 72,485 293,738 366,223 46,000 29,342 7S,342 131,888 316,567 448,455 72,142 113.465 185.607 Income from othertradlng activitles Unrestrlcted Unrestricted funds funds 2025 2024 other inspire events Fundr8i5ing events step Up for Smart Works Cycle for Smart Work5 27,467 20,856 9,639 37,089 26,578 other trading activities 57.*2 63,667 14-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from Invostments Unrestrlcted Unrestrictad funds funds 2025 2024 Interest receivable Expenditure on rai5in9 funds Unre5tr1cted Unrestrlcted funds funds 2025 2024 FundraSslng and publlclty Stsging fundr8lsSng events FundTaising and Marketing 6.858 15,006 5,776 11,639 Fundraising and publiuty 21.864 17.415 21.864 17,415 15-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable actlviti 2025 2024 staff costs Staff related direct expenditure Premises related direct expenditure (Xher direci expenditure Administrative expenditure staff training Dilapidations 181,040 5,919 38.955 27,120 14,854 12 20,000 152,375 2,221 36,002 21,090 17,613 474 287,900 229,775 Share of support costslsee note 81 Share of governance costs (see note 81 11,403 815 8,139 933 300,118 236,847 Analysis by fund Unrestricted funds Restricted funds 198,373 101,745 120,444 116.403 300,118 236,847 Support ¢osts allocated to actlvltlety 2025 2024 staff related support costs Premises related support costs Administrative expenditure Governance costs 2,262 4,548 4,593 815 1,139 2,877 2,123 933 12.218 7,072 Analysed between.. Ch8ri18ble aclivities 12,218 7,072 Govemonee costs indudes payrnents to the indeperdenl examiners of £700 + VAT 12024.. £6501 for independent examination fees. The fee foi the accounts preparation of £1,700 + VAT due to the independent examiners is being paid for by ihe parent charity. 16-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Trustees None of the Trustees loi any persons connected with theml re￿ived any remuneration or benefrts from the Charity during the ye8r12024'. Nill. 10 Employe The average monthty number of employees during the year was.. 202S Number 2024 Number Employment Costs 2025 2024 Wages and salaries Social securty costs Othei pension costs 164,679 12,973 3,388 138,809 10,748 2,818 181,040 152,375 There were llo employees whose annual remuneration was more than £60,000. Remuneratlon of key management per50rtnel The remuneration of key management pef50nnel was as follows.. 2025 2024 Aggregate compensation 53,051 42.904 Under the tsrrns of the chaT￿lieS SORP. the trustees and the Centre Managers are recognised as key management personnel. The aggreg8te employee benefits lincluding employer pension and National Insurance contributions) received by the key management personnel are shown above. 11 Taxatlan The charity 18 exempt from lax on income and gains falling vAthin section 505 of the T8xes Act 1988 or section 252 01 the Taxats"on of Chargeable Gains Act 1992 to the extent that these are applied to its charitable object5. 17-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tanglble flx•d ass¢t5 Computer Equlpment Cost At 1 April 2024 19,005 At 31 Marc* 2025 19,005 Depreciation and impalm)ent At 1 April 2024 Depreciation charged in the year 14.456 3.479 At 31 March 2025 17,935 Carrylng amount At 31 March 2025 1,070 At 31 Mafch 2024 4,549 13 Stocks 2025 2024 Dressing Stock 12,156 16,447 14 Debtors 2025 2024 Amounts falllng dve withln one year: Other debtors Prepayments and accrued Income 5,587 12,919 5.206 14,556 18,486 19,762 15 Creditors.. amounts folllng due withln one year 2025 2024 Other taxation and Social security Trade creditors other creditors Acctu81s and deferr8d income 4,063 4,199 4,266 425 935 908 4,267 1,321 12,953 7,431 18-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 ProvlsSons for Ilabllities 2025 2024 Building di18pidations 20,000 Movements on provlslons= Building di18pidatlons Additional provisions in the year 20,000 Included within other provisionB is £20,000 iow8rd5 the cost of restoring the bullding. 17 Retlrement benaflt scheme8 2025 2024 Deflned controbutlon B¢h8m•s Charge to profit or1088 in respect of defined contribution schemes 3,388 2.818 The Charity operates 8 de*ned contribLJtion pension scheme for all qualifying employees. The assets of the scheme are held Separately from those of the Chaity in an independentty adminlstered furd. 19

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SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Unrestrletsd fundB The unrestricted ftjnds ol the chanty comprise the unexpended balances of donations and grants which are not subject to specific condition5 by donors and srantors as lo how they may be used. These include designated funds which have been Set aside out of unrestrlcted funds by the trustees for specific purposes. Ineomlng resources Resources At 31 March expended 2025 2024 General funds 81,824 190,698 1220,2371 52,285 Previous year: At 1 Aprll 2023 Ineomlng resources Resources At 31 March expended 2024 General funds 83,874 135,809 1137.8591 81,824 20 Analysls of net assets between lunds UnrestTlCt*d Restrlcted funds funds 2025 2025 Total Unrestrlcted Restricted funds fund5 2024 2024 Totsl 2025 2024 Fund balances at 31 M8rch 2025 are represented by.. Tangible assets Current assets Provisions 1,070 71,215 120,0001 1,070 304,115 120.0001 3,451 78.373 1,098 16,980 4,549 95,353 232.900 52,285 232,900 285.185 81,824 18.078 99.902 21 Members. Lloblllty The oompany Is limited by guarantee. The member of the company undertakes lo contribute to the assets of the company, in the 8vent if the same being wound up while they 8Te a member, or within on8 year after they cease to be a member, for payment of the debts 8nd liabilities of the company contracted before they ceaseil to be a member, and ol the cost5, charges and expenses of winding up such amount as may be required not exceeding £1. At the balance sheet date there was 1 member. Smart Works Charity. 23-

SMART WORKS LEEDS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Oper8ting lease commitments Lessee At the reporting end d8t8 the Charity had outstanding commitments for future minimum lease payments under non-c8ncellable oper3ting leases, which fall due as follows.. 2025 2024 Wthin one year Befv￿en Iwo and ffive ye8lS 9,125 18,250 9,125 9.125 27,375 op8rats.ng lease payments in the ye8r were £25.31012024'. £25,529). 23 Rèlated party transactions During the year Smart Works Charity m8de net payments of £41.58212024.' £26,675) to Smart Works Leeds. On8 trustee donated £249 to Smart Works Leeds12024'. £8001, and one trustee's other directorship bought 8 table for the ch8rity's corporate ball for £80012024." £7201. Total expenditure reimbur5emÈnts to trustees were £nil12024". £nill. 24 Control The parent of the largest group in which these fillanaal statements are consolidated is Sfflart Works Charity (Company number 03870671 8nd Charity Nurnber 10806091 who is the sole member of this charity. Smart Works Charity has the same piincipal activity as this charity. The address for Smart Works Charity 15.. Unit 1, Canonbury Yard 202-208 New Noth Road, Islington, London, England, N17BJ. -24-

SMART WORKS LEEDS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF SMART WORKS LEEDS

I report to the Trustees on my examination of the financial statements of Smart Works Leeds (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

• 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gravita Audit Oxford LLP

First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Date:........