**REGISTERED CHARITY NUMBER: 1198999**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 17 February 2025 for Project Remake**
Butler & Co Audit Limited Chartered Accountants and Registered Auditors The Old Stables Sutton Manor Farm Bishop's Sutton Alresford Hampshire SO24 0AA
**Project Remake**
**Contents of the Financial Statements for the Year Ended 17 February 2025**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 7|
|Detailed Statement of Financial Activities|8|
## **Project Remake**
## **Report of the Trustees for the Year Ended 17 February 2025**
The trustees present their report with the financial statements of the charity for the year ended 17 February 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
The accounts have been prepared on the receipts and payments basis.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1198999
## **Principal address**
20 Gainsborough Road London W4 1NJ
## **Trustees**
H D Hammond Ms M S Milson - resigned 11/9/2024 J Bennett K Khan J H Radice - appointed 11/9/2024
## **Independent examiner**
Mrs J M Butler FCA Butler & Co Audit Limited Chartered Accountants and Registered Auditors The Old Stables Sutton Manor Farm Bishop's Sutton Alresford Hampshire SO24 0AA
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document dated 18 May 2022, a deed of trust, and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The appointment of new trustees is governed by and set out in the governing document.
The power of appointing new trustees is vested in the trustees.
## **Related parties**
There were no related parties during the year.
## **Risk management**
Trustees regularly review risks and maintain controls to mitigate fraud and error. Key risks include:
- reputational and financial loss from fraud or error;
- insufficient Trustees or funding;
- income loss from unforeseen events;
- failure to reach all beneficiaries;
- injury during charity activities;
- social media reputational damage.
Current authorization procedures and insurance provide reasonable assurance against these risks.
Page 1
## **Project Remake**
## **Report of the Trustees**
## **for the Year Ended 17 February 2025**
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
Project Remake is a charity which works with ex-offenders, schools and universities to provide entrepreneurship training, work placements and venture capital help to help with employment, self-employment and re-entry into society.
## **Public benefit**
The trustees are aware of the guidance issued by the Charity Commission on public benefit and are satisfied the provision of help with employment, self-employment and re-entry into society for ex-offenders constitutes a public benefit.
In setting objectives for the year, the charity has given careful consideration to the Charity Commission's general advice on public benefit and is mindful of the need to report on how its aims have been achieved during the year.
The charity was founded in 2022 for the purposes set out in its constitution and continues to carry out its work in serving the public interest.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Our mission is to advance the education of offenders and ex-offenders who have been in custody by providing:-
a) support or organising training and mentoring.
b) care and rehabilitation for offenders or ex-offenders and those at risk of offending.
c) advance the education of all offenders and ex-offenders.
This is achieved through the provision of financial support and to assist them in finding employment or starting a business.
## **FINANCIAL REVIEW**
## **Reserves policy**
The policy on reserves is to reinvest any surplus into the charity to support initiatives to encourage the advancement of the charity’s objectives. It is important that the reserves policy is sufficient to provide stability to the charity in the case of a drop in funding or unexpected costs. In arriving at the decision to reinvest surpluses, the Trustees have considered the future plans of the charity at least on an annual basis.
At the year end the charity held £45,918 (2024 - £65,522) in reserves to be utilised against future training of ex-offenders.
## **FUTURE PLANS**
No significant operational changes are planned for 2025/2026. Despite challenging economic conditions, the charity will maintain its support for ex-offenders. The Trustees are confident the charity will continue its valuable rehabilitation work throughout 2025 and 2026.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 15th December 2025
............................................. Dr Kameel Khan K Khan - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of Project Remake**
I report on the accounts for the year ended 17 February 2025, which are set out on pages four to seven.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Mrs J M Butler FCA Butler & Co Audit Limited Chartered Accountants and Registered Auditors The Old Stables Sutton Manor Farm Bishop's Sutton Alresford Hampshire SO24 0AA
Date: ............................................. 15th December 2025
Page 3
## **Project Remake**
## **Statement of Financial Activities**
## **for the Year Ended 17 February 2025**
|||2025|2024|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**INCOMING RESOURCES**||||
|**Incoming resources from generated funds**||||
|Voluntary income||19,829|61,754|
|**RESOURCES EXPENDED**||||
|**Costs of generating funds**||||
|Costs of generating voluntary income||3,694|4,281|
|**Other resources expended**||35,739|31,045|
|**Total resources expended**||39,433|35,326|
|**NET INCOMING/(OUTGOING)**||||
|**RESOURCES**||(19,604)|26,428|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**||65,522|39,094|
|**TOTAL FUNDS CARRIED FORWARD**||45,918|65,522|
## **CONTINUING OPERATIONS**
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 4
## **Project Remake**
## **Balance Sheet At 17 February 2025**
|||2025|2024|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**CURRENT ASSETS**||||
|Debtors||40|-|
|Cash at bank||45,878|65,522|
|**NET CURRENT ASSETS**||45,918|65,522|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||45,918|65,522|
|**NET ASSETS**||45,918|65,522|
|**FUNDS**|3|||
|Unrestricted funds||45,918|65,522|
|**TOTAL FUNDS**||45,918|65,522|
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its 15th December 2025 behalf by:
............................................. Dr Kameel Khan K Khan -Trustee
The notes form part of these financial statements
Page 5
**Project Remake**
## **Notes to the Financial Statements for the Year Ended 17 February 2025**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 17 February 2025 nor for the year ended 17 February 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 17 February 2025 nor for the year ended 17 February 2024.
During the year no expenses were incurred by the Trustees on behalf of the charity.
## **3. MOVEMENT IN FUNDS**
|At
**Unrestricted funds**
General fund
**TOTAL FUNDS**|18/2/24
Net movement
in funds
At
£
£
65,522
(19,604)
65,522
(19,604)|17/2/25
£
45,918
45,918|
|---|---|---|
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|19,829|(39,433)|(19,604)|
|**TOTAL FUNDS**|19,829|(39,473)|(19,644)|
Page 6
**Project Remake**
## **Notes to the Financial Statements - continued for the Year Ended 17 February 2025**
## **3. MOVEMENT IN FUNDS - continued**
|**Comparatives for movement in funds**||||
|---|---|---|---|
|||Net movement||
|At 18/2/23||in funds|At 17/2/24|
||£|£|£|
|**Unrestricted Funds**||||
|General fund|39,094|26,428|65,522|
|**TOTAL FUNDS**|39,094|26,428|65,522|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement in|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|61,754|(35,326)|26,428|
|**TOTAL FUNDS**|61,754|(35,326)|26,428|
Page 7
**Project Remake**
## **Detailed Statement of Financial Activities for the Year Ended 17 February 2025**
|**INCOMING RESOURCES**
**Voluntary income**
Donations
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Educational outreach costs
Travel costs
Entertainment and subsistence
Meeting costs
Event costs
**Support costs**
**Finance**
Bank charges
**Other**
Insurance
Sundries
Subscriptions
**Governance costs**
Accountancy fees
Consultancy fees
Legal and professional fees
Business support costs
**Total resources expended**
**Net (expenditure)/income**|2025
£
19,829
19,829
87
166
2,126
1,315
-
3,694
2
373
60
269
702
1,800
32,035
-
1,200
35,035
39,433
(19,604)|2024
£
61,754
61,754
1,500
251
291
1,939
300
4,281
-
277
60
213
550
-
16,719
1,610
12,166
30,495
35,326
26,428|
|---|---|---|
This page does not form part of the statutory financial statements
Page 8
## **Annual Report & Public Benefit Statement**
Charity Registration Number: 1198999 Legal Structure: Charitable Incorporated Organisation (CIO) Registered Address: 20 Gainsborough Road, London, W4 1NJ Reporting period: 18 February 2024 – 17 February 2025
## **Charitable Purpose & Public Benefit**
Project ReMAKE exists to reduce reoffending by supporting prison-leavers into education, entrepreneurship, employment and purposeful reintegration.
We confirm we have adhered to the Charity Commission’s Public Benefit Guidance and operate exclusively for charitable purposes that benefit the public, including:
- Increasing employment and enterprise pathways for people with convictions
- Providing structured mentorship and education
- Supporting social mobility for people
- Reducing crime and increasing community safety
- Contributing to economic and social value in the UK
## **Vision**
A society where people with convictions can restart their lives with dignity, opportunity, and economic empowerment.
## **Mission**
We seek to empower people with criminal convictions-especially those who have been to prisonthrough mentorship and community, and the teaching of entrepreneurship, so as to give them the skills and support to build new futures beyond confinement.
## **Foreword from the Founder, Dr Kameel Khan**
I’m pleased to provide this update on our current programme delivery and recruitment activities, as well as to announce the key strategic development of the establishment the Second Chance Centre for Social and Creative Enterprise at Queen Mary University of London. The momentum across all our initiatives continues to build, and I’m excited to share the progress we’re making.
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999
## **– Activities & Achievements (FY February 2024 2025)**
## **Programme Delivery**
Project ReMAKE delivers university led entrepreneurship and reintegration programmes for individuals with lived experience of the criminal justice system.
Our model combines:
- Entrepreneurial training
- Business mentorship
- University-based learning
- Peer and student advisor support
- Employment and apprenticeship pathways
## **2024-2025 Programmes Completed**
## **University of the West of England**
- 6 Entrepreneurs completed the programme and went on to present their pitches at the Dragon’s Den style event, 4 have continued with the start-up businesses
- 6 Business Mentors supported participants throughout.
## **Queen Mary University London**
- 7 Entrepreneurs completed the programme and went on to present their pitches at the Dragon’s Den style event, 5 have continued with the start-up businesses
- 7 Business Mentors supported participants throughout.
- 14 QMUL student supported the Entrepreneurs
## **Impact (cumulative to date 2020-2025)**
|**Metric**|**Result**|
|---|---|
|Graduates|120+|
|Completion rate|78%|
|Reoffending rate|9% vs 59.2% national|
|Businesses launched|30|
|Jobs secured|25|
|University partnerships|4|
|Annual taxpayer savings|c. £3.2m*|
|Years operating|6|
_* At an annual cost of £53,801 per prisoner, this represents a potential taxpayer saving of £3.2 million annually, excluding the wider social and economic impacts of reoffending. Proven Reoffending Statistics: April to June 2023, Ministry of Justice, published 24 April 2025, GOV.UK_
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999
## **Case Study Highlights**
Real lives transformed, including:
- **Omar** — from custody → ReMAKE → Capita → founder of justice-focused social enterprise and Trustee for a charity.
- **Carl** — completed the ReMAKE programme, secured stable employment with Capita and became a published author
- **Drew** – Served 29 years in a US prison, was deported to the UK with nothing, joined ReMAKE, secured a job and has just completed his first year in Law School.
These stories demonstrate identity transformation, contribution to society, and generational impact.
## **Outreach & Education (to date 2020-2025)**
- ReMAKE Educational delivered learning and awareness sessions in 8 schools
- Students exposed to lived experience and justice reform pathways
- Young people inspired to study law and social impact careers
## **Community & Mentorship**
- High-engagement mentorship ecosystem: business leaders, students, advisers, volunteers
- Continued support after programme completion
- High-engagement mentorship ecosystem: business leaders, students, advisers, volunteers
- Continued support after programme completion
## **Recruitment Partnerships**
We’re building strong relationships with key partners who can help us reach the people who need this programme most:
- Department for Work and Pensions: DWP staff across London and Essex
- HM Prison and Probation Service: We’re working closely with the Partnership Manager at HMPPS to develop referral pathways
- Prison visits are crucial for understanding the challenges our future participants face and building trust with prison staff
## **Employment Partnerships**
**Network Rail** - The Wessex team have offered 5 work placements for 2026—this is a significant commitment. We’re in discussions with the Southwest region and hoping to secure more placements there too.
**Kyndryl** – Are providing tech and data support to our Entrepreneurs as well as sharing access for our graduates to apply for apprenticeships—a real opportunity for tech careers
**Capita** - Have included funding for 5 Entrepreneurs (£7,500) in a new bid, and we hope they’ll repeat this on other contracts
**Other employment opportunities** – We make graduate referrals to Timpson Group, GFiE, Redemption Roasters, Sodexo, Kier Construction among many others.
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999
These stories demonstrate identity transformation, contribution to society, and generational impact.
## **Strategic Progress**
## **Key Developments**
- Produced the Charity’s first Impact Report
- Sustained delivery across 3 university partners
- Continued employer engagement (e.g., Capita, Network Rail)
- Expansion preparation for Scotland (Dundee)
- Cohorts planned with QMUL, Bradford, UWE and Dundee
- Strengthened referral pathways with justice, education, and employment partners
- Enhanced community and alumni support network
## **Looking Ahead**
Priorities for FY 2025–2026:
- Scale to support 100 graduates per year
- Expand university partnerships (including Scottish launch)
- Strengthen employment and apprenticeship pathways
- Build tailored support for women leaving custody
- Expand alumni and mentor networks
- Grow community education and prevention programmes
## **The Second Chance Centre for Social and Creative Enterprise**
The Problem—and the Opportunity
Over 80,000 people leave prison every year in the UK. The reoffending rates are devastating—socially and economically. But here’s what we see: thousands of people with talent, determination, and lived experience who just need the right support to turn their lives around.
Our solution is a university-anchored centre that turns that talent into enterprise and employment. We reduce reoffending, create jobs, and deliver measurable ESG outcomes. It’s not just about second chances—it’s about creating success stories.
## **Why QMUL for the Second Chance Centre?**
Because we’ve already proven that the partnership with QMUL works. The Centre for Social and Creative Enterprise at Queen Mary is built on five years of evidence from the QMUL–ReMAKE programme (2020–2025), and the results speak for themselves.
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999
## **Financial Review**
## **Trustees’ statement on financial position**
The Trustees of Project Remake are pleased to report on the charity’s financial position and funding arrangements for the forthcoming two-year period.
## **Funding status**
Project Remake has successfully secured financing to support its charitable activities over the next two years (2025-2027). This funding will enable the charity to continue delivering its core mission and objectives as outlined in our governing documents.
## **Current fundraising activities**
The charity is actively engaged in seeking corporate sponsorship for the establishment of a Second Chance Centre at Queen Mary University of London. This expansion represents a significant development in Project Remake’s capacity to deliver its charitable purposes and will extend our reach within the higher education sector. Purpose of Corporate Sponsorship:
- Establishment of the Second Chance Centre facility at Queen Mary University of London
- Enhancement of programme delivery capacity
- Extension of charitable services to additional beneficiaries
- Strengthening of partnerships within the academic community
## **Financial governance**
The Trustees confirm that:
- All funds raised are held and will be applied strictly in accordance with the charity’s objects
- Appropriate financial controls and procedures are in place
- The charity maintains adequate reserves in line with Charity Commission guidance
- All corporate sponsorship agreements will be subject to due diligence and ethical review
- Regular financial monitoring and reporting procedures are maintained
The two-year funding commitment (2025-2027), combined with the corporate sponsorship initiative for the Second Chance Centre at Queen Mary University of London, demonstrates the charity’s strategic approach to financial sustainability and planned growth in service delivery.
## **Reserves Policy**
The charity maintains appropriate reserves to ensure financial stability, programme continuity and risk management. Formal reserves target will be confirmed in line with year-end accounts.
## **Declaration**
The Trustees declare that they have approved this financial statement and confirm that it provides an accurate representation of Project Remake’s current financial position and funding arrangements.
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999
## **Governance**
## **Trustees**
- Dr Kameel Khan (Chair & Founder)
- James Radice
- Harry Hammond
- Jivaan Bennett
## **Governance Activities**
The Board meet quarterly to review:
- Strategic direction and programme quality
- Financial performance and sustainability
- Safeguarding, risk, and compliance
- Partnerships and stakeholder outcomes
## **Safeguarding**
We maintain:
- Safeguarding lead and protocols
- DBS and safer-recruitment standards for programme roles
- Partnership alignment with university safeguarding policies
- Confidentiality and data protection systems
## **Trustees’ Statement**
The Trustees confirm:
- Compliance with charity law and accounting standards
- Proper preparation of financial statements
- Continued commitment to public benefit
## **Approved by the Board of Trustees on:**
Signed:
## Kameel Khan
Dr Kameel Khan, Chair
**Project Remake,** 20 Gainsborough Road, London, W4 1NJ
**Charity No:** 1198999