2023-03-31-accounts

R8glstered number.. 01636098 Charfty numbor. 28S214 OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (PARENTS AND CHILDREN TOGETHER) IA Company Ilmited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPOPATED IA company limited by guarantee) CONTENTS Page R8feronce and admlnlstratlve detalls of thè Company. Its Trustogs and advlsers Trustees. report Independent auditorfs ￿POrt on the fin•n¢lal statements statement of finan¢lal actlvltlos 13-16 17-18 Balance sheet 19-20 Statgment of cash flows 21 Nots8 to the financlal statsments 22-4S

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 This report by Ihe Trustees. together with the audited financial statements of the charitsble company, Is for th8 year ending 31st March 2023. 11 indudes the DiTectors Report and the Tiust8es Annual Report. l. Reference and admlnlslratlve detslls The Oxford DI0￿9n Council for Social Work Incorporated Is a charkable company Ilmited by Guarantee, incorporated on 17th May 1982 (Company number 16360981, and registered as a charity on 2nd September 1982 (Charity registration number 285214}. The charitable company is also known under f(s operating name of 'Parenls And Children Togetheff hereafter referred to a5°PACT'. At the balar￿e sheet dale, the Company had no subsidiaries. The Regislergd Office l%thich is also the principal place of business) is at 7 Southern Court, South Street, Reading, Berkshire, RG1 4QS. The Ofsted Adoption Agency reglslratlon number is SC049093 and in the year under review the Responsible Individual registered with Of51ed in accordan￿ wth adoption legislation is Lgrna Hunt. The Registered Manager registered with Ofsted in a¢cordan¢e with adoption legislation is Amanda Davies. Audltors James Cwp8r Krest￿ Audit, Reading 8ridge House, George Street. Reading. Berkshire,RG18LS Bankers National Westminster Bank PLC, Charing Cross Commercial Cenlre. P.0. Box 39952, 2 1r2 Devonshire Square. London, EC2M 4XJ Ingurers Markel IUK) Ltd, Verity House. 6 Canal Wharf, Leeds LS11 SAS Legal Advlsgrs Blandy and Blandy, 1 Friar Street. Readlng, Berkshlre RG1 1 DA (General legal matters) GrEffrths Robertson, 7-11 Queen Victoria Street, Reading, BeTkshire, RG1 1SY (Legal advoce relating to adoption matters) Directo￿ and trustees The directors of the charitable company l.tho company"), who form the Executive Council of the charity, are its trustees for the purpose of chanty law and throughout this report are collectively relerred to as trustees. Trustees seNng during the year and slnce the year end are 88 follows: Mr W. Cuell Mr P. Lewis Mr E. Smalovs HH A.W.P King (Resigned 26 January 2023) Mrs S. Gibbons (Resigned 26 January 20231 Mrs E. McAuley (Resigned 26 January 20231 Mr B. Kapp Ms K. Gelling Ms C. Cllfford The Revd J.Sumner Mr D. Hunter Mrs C.Foole IAppoinled 19 Aprll 2023} Ms R. Baron (Appointed 19 April 20231 Mrs S. Manek (Appointed 19 Apnl 20231 Chlef Executlve Offlcor: Mrs N. van Vliet Page 1

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmltad by guarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 11. Structur•i go¥emanu, and managerngnt Govemlng Document PACT is a company limited by guarantee govemed by its Memorandum of Association dated 17th May 1982, and amended on 16th May 1984, 25th January 2005, 19th Soplember 20C6, and 18th December 2009. Members of the company eaeh guarantee lo contribute an amount not exceeding £1 to the assets of the company in the event of wnding up. The total number of such guarantees at 31 st March 2023 was 8. Appolntment of Trustees Tho governirYJ document provides that the Presid9nt of the Company shall be the Lord Bishop of Oxford. and that the Chair of the trustees, shall also be Chair of the Ex￿UtiVe Council, shall be appointed by the Lord Bishop of Oxtord. The trustees are members of the charita￿e company and the trustees may from time to timo invite any person they Ihlnk frt lo become a member. The Ccffipanls Articles of Association imposes no limit lo the number of Trustees. They also provide for a third of the trustees to ￿tIre by rotsts.on at the AGM, In which case they are eliglble for re-election. The Articles give power to the Exeeuiive Council lo vary the number of members of the Executive and give5 tho Executive Counul power lo appoint additional members subject to thèir signing the R&gister of MembeTS arKI their endorsement by majority vote at the next Annual Genefal Meeting. In the year to 31st March 2023 the Executive Council met on four occasions, includirrfJ the AGM. The Exeeutive Council cOn￿nue£l to meet Virtual￿ using video conferencing facilities through the fi'narKial year, with one in person meeting in October. vgman e structuro The Executive Council has met quarterfy. Each member of the Executs've Council has a lead trustee role wth specific busines5 inlefest. The lead trustee and rdevant MeM￿r of SMT meet regularty and share updates at meetings of the Executwe Council. Sub Cornmittte8 A separate finance committee meets ￿1c8 a year and a Sgparate mgeting is convened lo focu$ on HR as required. These committees are made up of SMT, trustees and co-opted members, including those with relevant experience and expertise. These committees consider. make recommendalions, and report to the Executiv8 Councll on matters relating to HR and Finance. Adoption Panel The adopts.on agency operated wtih one Adoption Panel throughout the period. This panel is made up of independent lay and professional representstfves. The panel conlnued to meet VIrtual￿ uslng video conferencing facilities through the financial year. Lggol Adviser to Adopb'on Panel Emity Boardman Medical Athiser Dr Efvn Johnson Dr Rush Wickramasinghe Adoption Agency Adviser lo Panel Sarah Slollard Connected charftlg5 PACT has 8 strong historical connection wth the Diocese of Oxford and receives a grant from the Oxford Diocesan Board of Finance (registered charity no. 247954). 111. Objectives and Activities The ol¥eets of the eompany as stated in the Memorandum of Associatlon are: Page 2

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmlted by guarantee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 1. To promote the wellbeing of persons throughout the United Kingdom., 2. To promote the care and welfare of adopted chikjren by providing an approvod adoption service and facililaling their adoption by suitable persons 3. The prO￿S￿On of relbef and supwrt to children in need. their families and carers 4. To promote social inclusion and relieve the needs of vulneTable or disadvantsged women and girls by providing support and assisting them to integrate into $￿iety.. 5. Such othfjr purposes as are charitable according to the laws of England aTrJ Wales for the benefit of the public. In setting objectives and planniThJ adivities the Irusleeg have glven careful consdwation to the Charity Commission's general guidan¢e on public benefit and in particular lo the guidance on fee-charging. The main objectives during the year to acieve the objects and objecb'ves were.. Adoption seNies- Building new families through adoptiCn- the placement of l¢)oked after children from the care system. Many of these chiklren wll have experienced neglect andlor abuse. Adopts'on support - Providing support for adoptive families through our Slrenglhening Familes Team,. adopter champions,. education support., wst - approva workshops," periodic newsletters,. family fun days., aclivty events for adopted children and FACTS (Family and Children Therapeutic Service).. a specialist mulli- disciplinary team working holistically and therapeutically Nmth children and families. Helping adopted adults access their birth records. Birth relativgs support- During the year PACT took on the birth family support contract for the Aspire RJIA and has been delivering Ihe"Birth Family Matters" service, supporting birth relatives. CATCH.. The Children And Trauma Community Hub -PACT's innovative online plattorm provKling support to adopters, foster carers, special guardians and the professionals that work with them and their chlldren. Bounce Back 4 Kids - a specialist targeted programme of support to children and famil￿8 affected by domestic abuse. Alana House women's centre - Working in a group or individual selling to support vUnera￿e women, those involved Ythh, or at risk of beC￿)Ing involved with the Criminol Justice System. Achievements and Performanc8 Feedback frorn b8n¢fi¢iaries'. Feedback from an adoptive family Thank you for your email and kind word8- 1 am realty sory that our time logather has come lo an end as I have found the sessions really helpful as a plafform lo share worries, fears and generaly as place to express myself and some of the challenge5 we have faced post pl￿Ment, but aso in terms of th& advice, support, and reassuranc8 you have given me. I fdt like no topic was too big or small lo raise, and that many of the Ihlngs I am experienang or feeling are very normal and common for adoptive parents. Feedback about an eLearning course on CATCH.. 'Vgry good. One of the best courses I havg Soon for adoptionlfostering. Thank youl" Feedback about CATCH from an adoption social wor1(er'. "I have found the resource brflllanL It has updated my knowledge with Tegards to the needs of adoptlve chlldren whlch, In turn, has enabled me to support so many of my support cases. Tho tralnlng sosslon$ are easy to Joln and they fit In with my busy day as an adoptlon soclal worker. I havg felt very fortunate to have such a broad cholce of tralnlng Seminars to join. It really has been gxcellent." Feedback about CATCH from a parent. Very Infomlatlve and lots of thlngs to thlnk about movlng forward on how to handle as our chlld wlll get older and how to talk to thern about belng adopted sensltlvgly.. A service user of Aana Hguse slated. Slnce I hav8 come here and spokon to you about my feellngs welght has b88n lifted off my shouldors and I can breathe a Ilttle bll easler.. A mother wh) accessed support from the Bounce Back 4 Kids servicè wth child stated." 'ft has helped Page 3

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarnnte•) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ichlldl ovèrcome what h• Yrnnt through and hasn't had any nlght terrors or bad dreams sincg. he glves me a cuddle and kÈ$$ every nlght and tells me he loves mo a lot more and I get bear hugs from hlm. He Is so much happlor In hlmsell, Ilke a welght has lifted from hls abu$• from hls dad- he Is a v•ry happy chlld agaln. We couldny be Prouder of our enlirg PACT team. The Board of Trustees ￿maIn sincerely grateful to our staff. volunteers, supporters. and our funders for Iheir sUPPQrt during the year. External challenges remain and t)eneficiary numbers and needs have continued to rtse. PACT has continued to respond to the needs of our benefIc￿ne3 and deliver our much needed services. This has required lenacty and croalivity and importanyy keeping our servic8 users and benefiGiaries in the centre of all of our decisions. YE23 was an invgstment year for PACT, seeing further investment In Improvements to the Infomiation and Communi￿tIonS Technolegy IICTI infrastructure and development of the fundraising and business development teams. We concluded our 2020-2023 organisational strategy. whith served the organisation well. The senior management team and Board of Trustees worked together 10 Shape the new strategy for 202>2026 and are ¢onfidenl that this will continue to seNe PACT and its benefirAaries well. The organisatlon's key achievements are captured in the annual Achievements Report. is available on the PACT website. We coukln'l deliver our servlces withoLrt the continued eommitment and resllienco of our wonderful staff and volunteers. People resour￿5 and operalons Against a backdrop of a labour market that remained persistently ￿ght and a cost-of-living crisi$, we aT8 proud to have been able lo recruit and retain the valuable people resources we need in order lo provido the support arKI seNees needed by OUT many beneficiaries. We onded the year with voluntary staff turnover (VST) at 13% which matches our internal ￿nChMark. Feedback from people leaving PACT is that Ihqr experience has been overwhelmingly kx)sitive, and all would rocommend PACT as an employer and ￿￿Uld con8xl8r working for us again Should the right opportunity Come along in the fvtur8. We successfulty onboarded 55 new people to the organisation in a variety of roles, employee. volunteer or 8elf- employed contractor. The Ofsled inspectors were extremely CoM￿lmentary about gur safer recruitment practice8. We continued lo invest in Supporting colleagues with their wellbeing which included launching new polides on Menopause and Domestic Abuse Support and putting together a package of finandal support resources on our $laff inlranet. We increased pay fvAce In the finanoal year YE23. Our investment in employee development continues lo be impresswe and is valued and recognised by ¢olleagues. with 19¢X) hours given to leaming and development ¢Jpportunities over the course of the year. To progress our ambition to be a more diverse organisab"on, all stsff were invited to join an engagement sos$ion to share their views on equality. diversty and induslon. faalitated by a consultant experieneed in this field. The themes and rKommgndallons from these sessions will inform our strategy and actKJn plan for YE24 onwards. The importanco of ensuring CMJI ICT systems and dats is protected Continues to be a high priorty and we 8¢hieved Cyber Essentials aCCr￿lIation in May. A programme of works to further improve and davelop our IT infrastructure was kickstarted in YE23, includlng new PDF sothre ar)d which wll see a move to a cloud-based ICT environment for data sloragg, removing our need for hosted seNers and supportsve of our hytM'd working model. Role of Voluntee At year ending 31 March 2023. in addition lo our 11 tnjstees in place, PACT had 37 volunteers contributing Paoe 4

OXFORD OIOCESAN COUNCIL FOR SOGIAL WORK INCORPORATED {A company Ilmltgd by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 across all departments and services. We have maintained a like for liko on last year of eight volunteer student placements from Oxford Brookes. Reading University and Roehampton University and Chrysalis counselling. In November 2022. the Alana House volunteers were awarded the Queens Award for Voluntary Service. They were eaeh given a lapel badge lo mark their achievement and were invited to attend a garden paty in celebration of this at Bueklngham Palace. The whole Alana House volunteer team cdebraled aftemoon lea together in Reading. PACT volunteers were integral lo the success of our Garden Party at Englefield House in July 2022 and our Christmas Carol Concert at Reading Minster in December 2022. The Carol Concert was well attended by many and resulted In many enquirfes wth regards lo volunteering 8t PACT. Our volunteers now receive a regular quarterly newsletter from PACT, compiled by our Volunteer Coordinator and wnlinue to be invited lo all our events and all PACT gel togethers. Our thanks go lo all w￿? have donated and given their lime lo PACT throughout thls year. Volunteers are an integral part of our organisation and we are delighted to have such a diverse group of people that contribute to helping PACT achieve ils alms and objective8. Page 5

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlt¢d by guarantso) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Adoptlon seNlce 2022123 PACT'S adoption servi￿8 were rated as outstanding aGros$ all areas in our Ofsted Inspection in Marth 2023. This is the third consecutive inspection that PACT has been rat8d as QLtstanding, a remarkable achievement of which we are very proud. Our adoplitin teams have continued to provide quality adoption services, finding familles for 63 children in the year ending March 2023. A Signifi￿nI achievement for the a￿ncY and Ilfe changing for these children. We are delighted wlh this joint effort across the teams. The marketing team have continued to focus on the recru(tment of prospective adopters who are able to ca for Ihg children walt the longest Suth as older single children and siblings alongsido highlighting the benefits of adopting through a v￿ In 2022123 our adopts.on enquiries exceeded Ihgir target 1327 enquiri88 being received. PACT has bullt good relationships with all the Regional Adoption Agencies IRAAS) in London, across the 80Uthea5t and southwest and into the Midlands and continues to Increase ne￿rkIng opportunib.es and partnerships. The CEO, S$rwco Direct￿ and Assistant Semce Director attend RAA boards. working groups and forum¥. Following the request of Regional Adoption Agencies in London approaching PACT lo help them ¥Mlh SLxne of their Service delivery, PACT have worked on a contract to eomplete some non-agency assessments. Adoptlon serllce partneryJhlps PACT has continued to invest in partnership working, nurturing existing partnerships and developlng new opportunities for c¢llaborative working, includiTWJ working wth the University of Reading on academic research studles. The SeNce Director continues to lead the partnership working wth H¢Jne for Good. resulting In some excellent referrals from this partnership, creating wonderful homes for adopted children. The Service Director finished chairing the Adopt Thames Valley RAA Governance Board in February 2023 but has remained a member of the board. She also sits on the South East Partngrship Board and Aspire boards. The CEO is a member of the Adopt South Govemance B¢)ard and the assistant service director is a member of the Southwest Adopti¢Jn Consorbum. The Service Director works closely wfih the five London RAAS. We have continued to work wth Local Author￿"e5 and RAAS on a 'spol purchase, agreement. PACT continues lo be an active member of the Consortium for Vduntary Adoption Agencies, with the CEO being a member of the CVAA Board. Adoptlon Support The Adoption Support SeNice continued to provide much needed support to PACT families Imth involvemgnt much earfier in the famills adoption Journey dye lo many chiklren having more complexities and adoplgrs needing support in managing these. The therapeullc social work support has teen given to some adopters in the pre-placement stage and to others in the very ear￿ days followng pla￿Ment. From April 22 to Marth 23 a total of 351 enquir￿$ were rec￿Ved into th8 adoption support duty setvice and were logged on the dity spreadsheet. Not 811 enquiries resulted in an adoption support service as some were signposted. Enqulries come from Regional Adoption Agencies, PACT sccial workers and other professionals as well as from PACT families enquiring about a range of adoption support services. The 3 Adoptee Voice5 groups, for three differonl age groups are now firmly establlshed and meetlNJ eliher rtually or face to face and a range of therapeuts¢ acts'vty events for children and parents have been provtded th positive feedbad(. The Adoption Support Team have continued lo offer adoptets monthly Mrtual coffee momings and monthly support groups with Ihemes including, being a single adopter. helping to de81 with behaviours including tying and stealing aThJ how to deal vith regression. Page 6

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 A referenc9 group for adopters has been established and has 17 members. Chlldren and Trauma Communlty Hub-CATCH PACT'S online resource CATCH supports adopters, special guardlans, foster carers, s¢xial workers and education praclilioners across the country. CATCH continued lo grow in 2022123 with 3,693 users registered and 247,000 pages viewed. The numt)er of extemal partners increased from 36 to 43 and we introduced the ability for users to tske out their own individual subscription if their account was no bnger funded by their agency. There were 57 pieces of filmedlaudio content added and hvo new eLeafning courses developed in partnership with the Centre for Inter CountyAdoptlon on intercountry and Iransia¢ial adoption. The feedbad( about CATCH remains oveThthelmiwly positive, however the budgets of the partners and organisalions that buy the product continue lo come under pressu￿ and this impacted some renewals for CATCH. The number of partners increased from 36 to 43 which demonstrates the continued growing interest in the platform. PACT introduced individual subscriptions in YE23 yimng users the option lo pay for access themselves after Ihelr Inrtid funded access finished. Alana House The Ajana House service supported 291 unique women accessed individual and group support dependant on their needs. Thirteen of these women benefitted from a lotal of 154 counselling sessions provided through our volunteer counsellor team. Demand for the service remained high with 410 referrals. Our main referral partners were the Probation Service131.7%1 for our w(xk on the MOJ funded Community Rehabilrtation Service contract., 15.9% from crominal lusllce partners related to our Enrich diversion service in police custody suites. Self-referra15 remained high with 24.1% of referrals wming from women themselves. Th8 seNce operates pon Berkshire bul 75.10 of referra15 came from Reading Itho focus of much of our funding and location of the centre is in Reading) with Slough being the second18rgest source of referrals. Whilst w¢)men are assessed and supported along nine pathways of need, mental heatth is the biggest presenting need with 74% of women identifwng this as a need. Experience of domesb"c abuse and rape was also a common need 164% of women identified this as a need) and children and families 150% of women). Women made progress in all areas including 'attiludes. thinking and behaviour'181.7% reported improvements or sustained PTogressl', 'accommodalion' 181.8%>., 'employmenl, training and educab'on, 180.7%)., 'drugs and alcohol'179.1%1 and 'domests'c abuse and rape'177.2%1. We were thrflled to learn that the Aana House volunteer team had been awarded the Queen's Award for Voluntary Service, the highest award a local voluntary group can receive in the UK. A team of 13 volunteers gave a lolal of 80 hours per week providing trauma-infomed and holistic support through vital roles such as supporbng groupwork, providing counselling and admlnislralive tasks. We are very grateful to our volunteer8 for the differen￿ they help us lo make. Our diversion project Enrich, working in Berkshire police ¢ust¢Jdy suites, won The Howard League for Penal Reform Award in the Ivomen, category. The award recognised the value of our partnership with Berkshire Healthcare's Lialson and Diversion service and Thames Valley Police. At the end of 2022123 we were delighted to learn that we had secured a mulli-year grant from the Ministry of Justicg lo enable us to extend our provision in Berkshire custody suites and expand our service into Crown 8NI Magistrate Courts in Berkshire. Without this grant this project was at risk of ending due to a lack of funding. We continued lo work in partnership wlh a number of agencies both ¢Jperalionalty and strategically. The Head of Communities continues to attend Reading's Community Safely Partnership Board,. Thames Valley Reducing Reottending Board (including the Women's subgroup board) and various Domestic Akyjse Boards throughout Berkshire. The service continued to be funded through a mixed model of income from grant-makers {government grants and private trusts and fwndalionsl, corporates and individual5. Page 7

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company limited by guaranteo) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 aounco Back 4 Klds The Bounce Back 4 {BB4KI seN¢e supported 133 famllle8 (equating to 127 children and 133 parents) which is a 76% increase compargd to last year. This increase in reach was achieved as a result of se(yJring additioanl funding and PACT being able lo invest in the grLAvth of the team, including introducing a new B84k operational manager. OLrt of the 133 parents, four were fathers who had experienced domesb'c abuse. Due to an increase in funding, thg team had additional play therapy resource resulting in 22 chlldren aceessing this SUPF)0rt 169% increase from previous yearl. Referras remairbed r$latively steady with 137 referrals received 114% increase from previous year). folloving a significant iwea5e in referrals in YE21, which hasnt reduced. Outcome data evidenced that 78.5% of parents noted an improvement in 'play and enjoyTngnV and 71.4% of parents noted improvem8nt8 In 'empathy and understanding,, 'discipllne and Seth￿ boundarTgs' and 'leaming and kr￿ledge,. SITong relalronships have been forged wth the Office of the Police Crime Commissioner, West Berf(shlr6 Council and Tumaround Families all of which are key funders and l or referral partner5. The Head of Communities and Boun¢e Back 4 Kids manager regulary attend and contribute to Domestic Abuse Board meetin9s in the geographical regions where we have delivery. Funding for the Servi￿ consisted of 62.9% from National Governmont., 9% from Local Govemment and 26.5% from indepondgnl Irusls and foundations and 1.ph from individual donations. Page 8

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarnntoe) TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Fundralslng and Income Generatlon PACT would like to thank all those who have contributed to the organisation through 2022123. Thls includes all those who attended a PACT event, all our regular givers, marathon runners, one off donors, busine5sl¢orporate partners, ¢ommunlty organisalions and trusts. Through their support PACT has been able to continue to support hundreds of beneficiar￿5 throughout the year. Thank you. In a challenging year for fundraising.. FM)St-cowd 2nd ￿th increased demand on funders and the cosl-of4iving crfsis. PACT'S fundraiseTS perfomed exceptionally well with increased targets securirrfJ £717k restricted core funding and unrestricted income of £248k. Despite there being a shortfall in income for some service areas. none of the services were impacted as costs were covered by utilising some of PACT'S reseTves. PACT has many regular funders that have donated and made this achievement possible. Some of the more significant unrestricted incomelsupporters include the Oxford Diocese. the David Brownlow Charitable Trust, our Frlends of PACT, PACT'5 London Marathon runners and the income generated from PACT'S events. PACT was very grateful to secure corporate sponsorship for two of our key events in YE23 via BHO Legal and Ella's Kitchen. PACT was also fortunate and grateful to receive £60k from a legacy left to the organisation. Marketlng and Communlcatlons Adopter recTuilment activities were targeted al prospective parents who could meet the needs of the children wai(ing and enquiries were lower than the high interest experIen￿d during the pandemic. Infomiation events continued online and wo attended a number of in-person publicty events. The events team organised large fundraising events - a Garden Paty and a Carol Concert and. together with our online maratFh)n In May activity challenge, raised £15.000 for PACT through these 8vents. The Adopter Hub was suceessfully rebranded to CATCH - the Children and Trauma Community Hub- to better reflect the wde rarwJe of users accessing the srte. The team also developed and launched Bounce, an online platform SUPPDrting families rewvering from domestic abuse, in response to the increasing demand for support from families affected by domestic abuse. Our thanks go lo JP Morgan who via their Force for Good volunteering programme helped build the initial architecture for the Bounce sile. Our thanks also go to Reading University in helping secure funding from Nominet to support PACT to add content. finalise the design and pilot Bounce for use wlh our families. 111 Rl8k Mana ement The charity maintains a Risk Register. which is updated each month by the Senior Management Team and submitted lo the trustees lo monTtor against the strategic objectives set out in the Business Plan. The Risk Register is reviewed at each Board meeting. The trustees are sabsfied that sy8lem8 and procedures are in place lo miligale those risks Iderrtified in the Risk Register. The key rlsks identif￿d for 2023124 are.. Risk of fundraising and incom8 targets for YE24 not being achieved. LGPS (Local Government Pension Scheme) Provision weakens balance sheet to the extent that funding is impacted material The ongoing challenges with the Gosl of living negatively impacting our staff, volunteers, service users The Board of Trustèes arms Senior Man8gement Team will continue to monitor and rewew these risks, taking mitigating action as required. IV Flnanclal Revlew Total Income for the charity deere8sed by £80,047 to £4,252.706 {2022.. £4,332,753). PACT'S total expenditure increased by 8% over the prior year, tr) £4,550,05712022'. £4.210,7181. An operalirwJ deficit before pension provisions of 1£299,3971 arose 12022.. surplus £126,373). Staff costs accgunled for 71 % of total expenditure12022- 71%). Page g

OXFORO DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilrnitsd by guarantse) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Thg operational deficit was changed to 8 Surplus by th8 valuation of the PACT shar8 of the Local Govgmmonl Pen￿0￿ Scheme l°LGPS? al the year end. The scheme defiot, ￿lCulated in accordan￿ with Charfitie$ SORP {FRS 1021, decreased by £2,223,000 10 £802.000 from £3,025.000 {2022: decreased by £603,000). Net assets before the pension provision stood at £3,884.230 (2022: £4,074,626) and £3.082,230 {2022- £1,049,626) after the pension scheme provision. Operatlng & Investment R95trfctlons The company may not undertske any permanent trading actlvllles in ralsing funds for ￿ primary tharitabfe objeGts. Thg ￿MpanY may invest monies "not imm8diately requirgd for its purposgs in or upon such investments, securities or propety as may be thought fit, subject nevertheless lo such condition Irf any) and such consents lif any) as may for th8 timg being be imposed or requirgd by IW {as ￿r the Memorandum of Association). Currently all liquid investments are hdd in Deposit Accounts or Common Investment Funds wth CCLA. Ytho have clearly defined ethical investment policies. ReseNes Pollcy ReseNes or 'Free reserves. are defined as unreslrlcted funds available for spendlng and are therefore calculated by tskirvJ the total unrestricted funds of a tharity and deducting any balances not available for spending {such as assets and dgsignaled funds). The actual level of reserves is monitored regularly., the accounts presented as part of the Board Pack for Trustee meetings indude a reserves statemenL The "sufficient level of reserves. is the costs for completing current adoption 8¢tiwty in any given year to enable an effeclNe wnd down of seNiee. The related costs would include redundancy costs, CEO and Semce Director salaries for 6 months as wdl as 8 futher 50%. and the trustees are satisfied that thls is the case. Irb setting policy, the truslee$ have eonsidered various requirements, namdy. That a sufficient level of reserves Is required by law to ensure that any ojrrent adoption actlmty can be completed should the charity be unable lo continue to operate. That the charity is obliged lo undertake an extemal annual audit of finances and accounts and that the Auditors produce an annual audit report concluding on the appropriateness of the going concern basis. The value of Unrestricted funds (less Designated Accounts) were £2.742,184 12022-. £3,010,463) of which £1.853.970 {2022.. £1,900,244) represents Fixed Assets for operatlonal use. Therefore. the free reserves were £888.214 {2022.. £1,110.2201. 11 Is noted that the pension provish)n for the Local Govemment Pension Scheme at 31 March 2023 was £802,00012022'. £3,025,000) and this could be considered to reduce the free reserves. However, this provision has been calculated according to Intsrnalional Accounting Standard 19 and the Trustees consider this wll not crystallise in the near future. The Trustees also note Ihal this method of valuation is likely to be more than any actual Valuati￿ made by the Pension Fund themselves. Tho cash repayTnenl requirement during the next 12 months is £40,00012022-. £17,736) and is therefore considered to have a minimal effect orb the free reserves figure. Page 10

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company Ilmlted by uuaranteel TRUSTEES. REPORT (CONTINUED) FOR THE Y&4R ENDEO 31 MARCH 2023 V R8spon$lbllltlos of the TNstegslDlrgCtors In rglatlon to tho flnanclal ststsments The trustees (who are also directors of PACT for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial ststemenls in accoidance with appllcable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted AccountirKJ Piaclice). Company law requires the trustees to wepare financial 5talemenls for each financial year. which give a true and fair view of the stale of affairs of the company and of the Incoming resources and application of resources, including the income and expenditure, of the company for the year. In preparing these financial statements, the trnslees are required lo: select suitable acwunting poI￿leS and then apply them con5iStently. obseNe the methods and principles In the Chanties Statement of Recommended Practice ISORPI. make jLKlgements and estimates that are reaSona￿e and prudent. stale vthelher applieable UK Accounting Standards have been followed, subject to any material departure$ disclosed and ewained In the finandal statements. prepare the financial statements on the going concem basis unless r( is Inapproprlate to presume that the charitable company will continue in operation. The Iruslees are re$ponsible for keeping adequate accounting records that di$do$e with reasonable accuracy at any lirne the finanaal position of the charitable Company and enable them to ensurg that the financial ststemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Page11

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmlted by guarnnteg) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 As far 88 the trustees are aware: thero is no rglovant audil information of which the charitable company's auditor is unaware,. and the trustees have taken all steps that they ought to have taken to mako themselves aware of any relevant audit irrformation and to establish that the auditor 1$ awar9 of that information. Audltors A resolution will be prowsed at the Annual General Meeting that James Cowper K￿SlOn Audit be rtrappolnted a8 audrtor8 for the 202>24 financiai pericrfl. This report has been prepared in accordance th the Special provisions of Part 15 of the Companies Act 2006 relating to small companies, and wth the Financial Reporbng Stsndard applicable in the UK and Rgpublic of Ireland IFRS 1021 {effective 1 January 20191. Appro by der he members oard of Trustees and signed on their behatf by: Mrw Guell Chair of Trus Dale.. ees Ii',,l a3 Page 12

OXFORO DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED Oplnlon We have audi(&d the financial slatemenls of Oxford Diocesan council for Social Work Incorporated (the 'charitable eompany) for the year ended 31 March 2023 thich comprise the Statement of financial activrbes, the Balance sheet, the Stslernenl of cash flows and the relatèj notes. inclucling a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingt1om Accounting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Pra¢tiC81. In our opinion the flnanaal statements.. give a Irug and fair view of the stale of the charitable C¢Jmpanls affalrs as al 31 March 2023 and of its incoming r8sour¢es and application of resources, includin9 its income and expenditure for the year ended., have been property prepared in a¢cordance United Klngdom Generally Accepted Accounting Practice,. and lJave teen Prepar￿ in aceordanee ￿th the requ1￿ments of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with Inlemalional Standards on Auditing IUK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the finantial ststements section of our report. We are independent of the charitable company In accordance WI￿ the ethical requirements that are relevant lo our audit of th8 financial ststements in the United lQngdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled OUT Other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Concluslons rglatlng to golng concgrn In auditing the financial slatemenls, w8 have concluded that the Trustees. use of the golng concern basis of accounting in the preparation of the financial statements is appropfiate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the Charitable companys ability lo eonb.nue as a going concem a period of at least tsvelve months from when the financial statement5 are authorised for issue. Oui responsibilib.es and the responsibilities of the Trustees with respect to going concern aro described in the rdevant wlions of this roport. Page13

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (CONTINUED) Other Infomiatlon The other infomiation comprises the infomiation Induded in the Annual report other than the financi81 slalements and our Auditor'$ report thereon. The Trustees are responsible for ths other information contained thin the Annual report. Our opinion on the financial statements does not Cover the other informati¢￿ and. except lo the extent othemse explicidy slated in our report, do not &xpress any form of assurance concluson thereon. Our responsibility is lo read the other information and, in diing so, ¢x)nsider whether the other information is materialty inconsistent with the llnanrial stslements or our kno￿edge obtained In the course of the audit, or otherwise appears to be malerialty misstated. If we identify s￿h material ineonsislencies or apparent material misstatemen15. we arg required to determine whether thls glves rise to a material misstatement in the financial statem8nt$ themselves. If, based on the work we have performed, we conclude that there Is a material misstatement of this other information, we are required to report that fact. We have nothing to report In this regard. Matters on vthich we arn r8quirod to report by oxceptlon We have nothirvJ to report In respect of the folbwing matters where the CharNles (Actounls and Reports) Regulations 2008 requires us to report to you if, in our opinion: the informatKJn given in the Trustees, report 1$ in¢onsi$tent in any malerial respect with thg finanryal statements., or suffirignl aGcounling records have not been kept.. or the financial slalements are not in agreement with the aceounling records and retums- or we have not received all the infoTmation and explanations we require for our audit. R8sponsibillties of trustees As explained more fulty in the Trustees, responsibilthes ststement, the Trustees (who are also the direelors of the eharitable company for the purposes of company law} are responsible for the preparation of the financial $lalements and for being satisfied that they give a true and fair wew, and for such inlemal control as the Trustees detem7ine is necessary to enable the prepar*ion of financial statements that are free from material misstatsment, whether due to fraud or error. In preparing the financial slalements, the Trustees are responsible for assessing the charitsble company's abilty to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of &counting unless the Trustees eithgr intend lo liquidale the charitable company or to cease operats'ons, or have no reali$ti¢ altomative but to th) so. Pag8 14

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmltsd by guarantee} INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {CONTINUED} Audltorfs respon$Sbllltles for the audlt of the flnanclal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance wlh the Act and relevant regulations made or havlng effect thereunder. Our 0￿eCtiveS are lo obtaln reasonable assurance about whether the finan¢ial slalement$ a$ a whole are free from matefial misstslemenl, whether due to fraud or error, 8ntJ to issue an Auditor's report that includes our opinion. Reasonable assursnee is a high level of assurance, bul is not a guarantee that an audit conduded in accordan￿ with ISAS (UK) wll always detect a material mi35tatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggrègate, they could reasonably be expected to influence the ecor￿MiC decisions of users taken on thg basis of these finanaal statements. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularilles, including those leading lo a material misstatement in the financial statements or non-compliance with regulatron. This risk increases the more that complianc8 Wth a law or regulation is removed from the events and transacbons ieflected in the financrdl slalements. as we wlll be less likely to bectxne aware of instances of non- com ￿lanCe. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional GOn￿alment, forgery, collusion, omission or misrepresentation. The specific procedures f¢ this engagement that we deslgned and performed to detect material misslatemenls in respgct of irregularities. including fraud. were as follows.. Enquiry of management and th0￿ charged wth governance around actual and potential litigation 8nd claims., Enquiry of management and those charged wth governance to idenlrfy any materlal Instances of non- compliance wth laws and regulations-, Reviewing financial slalemenl disclosures and testing to supportsng documentation to assess compliance wlh applicable laws and regulations., Performing audit work to addross the risk of I￿egularItIeS due to management override of controls, i￿ludIng lesling of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revlewlng accounting estimates for evidence of bias. A further description of our reskY)nsibiliti'es for the audit of the finanaal statements 15 loeated on the Financial Reporting Council'8 website al.. ￿.frC.Or .uklaudilorsres onsibilities. This description forms part of our Auditorfs report. Page 15

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company limited ty guaranto0} INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (CONTINUED) Use ol our report This report is made sdely to the charitsble companys trustees, as a body, in accordanc& wth Part 4 of the Charities (A￿Ounts and Reports) Regulations 2008. Our audtt work has been undertaken so that we might slate lo the charitable companls trustee5 those Inatte￿ we are required to state to them in an Auditorf5 report and for no other purpose. To the fullest extent Permitted by law, we do not accept or assume responsibility to anyone (Xher than the charrtable eompany and ils members. as a t￿ly, for our audit work, for this report, or for the Opl￿OnS we have fom)èl. lesL Pe Aloxander Peal BSclHonsl FCA DChA (Senlor statutory audttorl for and on behalf of James Cowper K￿$tOn Audit Chartered Accountsnts and Statutory Audstor Reading 8ridge House George Street Reading Berkshirs RG1 8LS Date.. 9 Novembei 2023 Jame5 Cowper Kreslon Audit are eligible to act as auditors in temis of section 1212 of the Companies Act 2006. Page 16

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company IlmSted by guarantee) STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Unrestrfcted funds 2023 Restrlcted Endowment funds funds 2023 2023 Total funds 2023 Total funds 2022 Not Income from: Donations and legaeies Charitsble 8Ctivities 209.953 3,030.272 38,215 7.698 260.000 716,569 459,953 3.746.841 38,215 7,698 543,176 3,774,159 13.329 2.089 other trading actiwties Invgstments Total Income 3,286.138 966.569 4,252.707 4,332,753 Expgndlture on: Raising fvnds Charitable activities 180.813 3.189.155 180,813 4.369,244 165.364 4,045,354 1,160.018 20.071 Totsl expenditure 3,369,968 1.160.018 20,071 4.550.057 4,210,718 Net Ilosses)Igains on investments {2.046) {2,0481 4,338 Net Incomel (expendlturo) Transfers betsveen funds Not movernent In funds before other recognbed gainsl Ilossesl {83,830) 1193.4491 122,117) 1299.3961 126,373 18 1118.386) 118,386 1202,2161 {76.063} 122,1171 1299.3961 126,373 Other re¢ognl$ed gain￿ I109ses): Actuarial gainsl {lossesl on defined benefit pension schemes 24 2.332.000 2,332.000 744,000 Net movemgnt In fund8 2,129,784 175.0631 122,117} 2.032.604 870,373 Reconclllatlon of funds: Total funds brought forward Nel movement in funds 248.631 800,995 1.049.626 179,253 2,129.784 175,0631 {22,117 2,032.604 870,373 Totsl funds carried forward 2,378,416 {75.0631 778,878 3,082,230 1,049,626 Page 17

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company Ilmited by guaranteo) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Statement of FInar￿la1 Actsvities irKludes 811 gains and Ioss8s rgcognised in the year. The notes on ￿eS 22 to 45 fomi part of these financial statements. Page 18

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company Ilmlted by guaranteè) REGISTERED NUMBER: 01636098 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixod assets Tangible assets Invgstmenls 1,853.970 52,181 1,900,244 54,227 14 1,906,151 1,954.471 Current assets Stocks Debtors Cash at bank and in hand 15 16 766,004 642.864 1,179.008 699.604 1,074,218 1,056,347 2,587,866 2,830,169 Creditors.. amounts falling due within one year 17 1609.7871 {710,0141 Net current assets 1.978,079 2.120,155 Defined benefit pension scheme liability 24 (802,0001 {3.025.0001 Total net as¥ets 3.082.230 1.049.626 Charlty funds Endowment funds Unrestricted funds 18 778,878 800,995 Designated funds General funds Revaluation reserye 18 18 363.168 1.B63,866 888.318 263,168 2.122,145 888,318 UnrestTiCted funds Pension reserve 18 18 3,105,352 1802.0001 3,273,631 (3.025.000) Totsl unrestrl¢ted funds 18 2,303,352 248,631 Total funds 3,082,230 1.049,626 Page 19

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmltsd by guaranlo?) REGISTERED NUMBER: 01636098 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 The entity was ￿tilled lo exemption from audit under section 477 of the Compani95 Ad 20Cfj. The members have rK)t required the en￿ty to obtaln an audit for the year in question in accordance with s&tion 476 of the Companies Act 2006. Howev8r, an audit is required in accordance Ythh section 144 of the Charibes Act 2011. The Trustees acknowiedge thelr reS￿n81b11itieS for complytrKJ wth the requirements of the Act respeLt to aC￿￿ntIng records and preparation of financial statements. The financial ststements have been prepared in accordance vAth tha provisions applicable to entiknes subject to the small companies d818 S were aprj authorised for Issue by the Trustees and signed on their behalf by.. Mrw Cuell ChairofTNs Date.. The notes on page5 22 to 45 fom part of these finanaal 81atem8nts. Page 20

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA Company Ilmltgd by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Note Cash flows from operatlng acttvltles Nel cash used in operating activities 21 143,106 1521.521) Cash flows from investing actNItI•s Purchase of langiblo fixed assets Interest received (28.143} 7.698 (53,840} 2,089 Net cash used In Investlng actfvitles {20.4451 {51,551} Cash flows from financing activities Change In cash and cash eqvFvalents In the year Cash and cash equivalents at the beginning of the year 122,661 1573.0721 1,629,419 1,056,347 Cash and cash equlvalents atthe end of the year 22 1.179,008 1,056,347 The notes on pages 22 10 45 fom) part of these finan¢io1 stslements Page 21

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A Company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles 1.1 Basls of preparatlon of flnanclal statsments The finandal stateM￿ts have been prepared in accordance with the Charities SORP IFRS 102) - Accounting and Reportiry by Charilles" Statement of Recommended Practsce applicable to Char￿e$ preparing their aecounls in aC￿rdan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffectNe 1 January 2019}, the Financial ReportiryJ Standard applicable in the UK and Republic of Ireland (FRS 102} and the Companies Ad 2006. Oxford Di¢xesan council for SoGial Work Inwrporated meets the definition of a public benefit entity unQer FRS 102. Assets and Ilablllfjes are Initially recognised at historic21 ¢ost or Iransaction value unle88 otherwise stated in the relevant accounting poli￿. 1.2 Company ststus The company is a ts)mpany Ilmtted by guarantee. The members of the company are the Tru$lees named on page 1. 1.3 Income The recognition of income from legacies is dependent on establishing entitlement, the probabilty of receipt and the abilty to estimate wf(h surricient accuracy the amount receNable. Evidence of entitlement to 8 legaey exists when the Company has sufficient evidence that a gift has been left lo them {through knowledge of the existence of a valid wll and the death of the benefactor) and the executor is satisfied that the property in question wll not be required to satisfy claims in the estate. Receipt of a legacy musl be recognised when rt is probable that il wll be received and the fair value of the arn¢unt receivable, whl¢h wll generally be the expected cash amount to be distributed to the Company, can be reliably measured. Adow'on income is recognised based stage of complets.on of the adoption process.eived in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Voluntary income Income from donations, grants of a CO￿ funding or general nature, and legacies, are induded in in¢oming resource5 when these are receivable, there is entiuement, probability of receipt and the amount can be measured wth sufficient reliability. Such inccyne 1$ only deferred vthen.. the donor specifies that the grant or donation musl only be used In future accounting periods,'or - the donor has imposed conditions ￿1¢h must be met before the company has unconditional entitlement. When donoryJ specrfy that d￿atIOnS are for particular restricted purposes. which do not amount to pre-conditions regarding entitkment, this inctyne is irEdud¢d In Incoming resources of restricted funds when receivable. 1.4 Volunteèrs The value of seNiees provlded by vdunleers is not incorporated into these financia statements, as this is not quanb'fiable. Page 22

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles (conllnued) 1.5 Govemment grants Govwnment grants relating lo tangible fixed assets are treated as deferred income and released to the Slalement of financial activities over the expected useful lives of the assets c¢Mcerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred. 1.6 Expendlture Expenditure is recognised once there is a legal or cl￿struCtive obligation to transfer economic benefit to a third party, rt is probable that a transfer of economic benefits will be required In settlement and the am¢Junl of the obligallon can be measured reliably. Expendlture is classified by artivty. The costs of each actiwly are made up of the total of direct costs and shar8d costs. including support costs involved in undertaking each aclivty. Direct costs attributable to 8 single activty are allocated directly to that activity. Shared costs which contribute to more than one activty and support costs whid) are not attributable to a single actiwty are apportioned between those activities on a basis consislenl with the use of resources. Central stsff costs are allocated on the basis of time spent, and (Jeprecbab'on charges allocated on the portson of the asset's usg. Expenditure on raising fund5 includes all expenditure incurred by the Company lo raise funds for its charitable purposes and includes costs of all fundraising activits.es events and non-charitable trading. Expenditure on charitable adiwties is Incurred on directly undertaking the activities which further the Companvs objectives, as well as any assoaaled support costs. osts of generab'ng funds are costs incurred in attracting voluntsry income. and those Incu￿ed In trading advtties that raise funds. Charitable activities and Govemance costs afe costs incurred on the companVs operations, including support costs and ￿StS relating to the governance of the company apportioned to charitable 8ctivilies. Resources expended are accounted for on an accwals basls. The irrecoverable element of V.A.T. is induded within the item of expense to which il relates. 1.7 Tanglblo fixed assets and dapreeiatlon Tangible fixed assets aro inilialty recognised at ¢ost. After ro¢ognition. under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs ill¢urred lo bring a tangible fixed asset into its intended working ondilion should be included in the measurement of cost. Page 23

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmhed by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcle8 (contlnuedl 1.7 Tangiblo flxod assets and depreclatlon {contlnuèd} Depre¢iation is charged $0 as lo all¢Jcate the cost of langilje fixed a$8ets le88 their ￿sIdual value over their estimated useful lives, using the straight.line method. Depreciation is provided on the followng bases: Freehold land Freehold buildings Over 50 years Building improvements Over 50 years IT equipment Over 3 years Office equipment and fumiture &- Ovw 4 years fixtures Partrtioning and other intemal building work - Over 7 years The value of the freehold office buildings at 2 and 7 Southem Court, South Street, Reading. werg a$s$ssed by the trustees as being split into 35% for the l￿d and 65% for the building. 1.8 Royaluatlon of tsnglble fixed assets The company has adopted the revaluation model lo revalue items of prop8rty whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that whith would be detwmined using fair value at the end of the reporting period. The fair value of land and bulldings is usualty delerniined from market-based evidenco by appraisal that is nomialiy undertaken by professi¢Jnalty qualffied valuers. 1.9 Inv•stments Fixed asset investments are a fom) of financial instrument and are In￿allY rocognised at their transadion cost and subsgquently measured at fair value at the Balanco sheet date, unless the value cannot be measured reliably In }￿lCh case it is measured al cost less impairment. Investment gain5 and ￿Sses, wheth8r realised or unrealised. are combined and presented as 'GainsllLosses) on investments, in the Stslement of financial activities incorporating income and expenditure ae¢ounl. 1.10 Interest Rocglvablg Interest on fiJnds held on depDSrt is induded when recelvable and the amount can be measured reliably by the company, this is normally upon notification of th8 interest pald or payable by the Bank. 1.11 Work in progress Work done in approving and matching prospecbve adopters is recognised at the lower of cost and et realisable value. Consideration is given lo the likelihood of a placomenl not beiThJ forthcoming arKI provision is made acC￿dIng1y. 1.12 Debtors Trade and other debtors are recognised at the setU8menl amount after any trade discount offered. Prepayments are valued at the am￿nt prepaid nel of any trade discounts due. Page 24

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilrnited by guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles l¢ontlnuedl 1.13 Cash at bank and In hand Cash at bonk and in hand includes cash and short-tgrn1 highly liquid investments wth a short m8turity of three months or less from the date of acquisition or O￿nIng of the deposit or simllar account. 1,14 Llabilities and Provlslons Liabilities and provisions are recognised when there is an oblKJation at the Balance sheet dale as a resu￿ of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the setuement can be estimated reliably. Liabllitoes are re￿niSed al the amount that the Company anlirypates it wll pay to settle the debt or the amount il has received as advanced payThenls for the goods or seNces rt must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Whoro the effect of the lime value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The umnding of the dI￿unt is re￿gnised in the Statement of financial activib'e$ as a finance cost. 1.15 Pensions The Company operates a defined contribution pension scheme and the pension charge represent5 the amounts payable by the Company lo the fund in respect of the year. The Company also operates a defined benefits pension scheme and the financial statements lake account of the sharè of the underfwng deficit in the Royal County of Berkshire Pension Scheme, in accordance with the Charities SORP IFRS 1021. Thi5 is shown as a liability in the balan￿ sheet and is rePre￿ted by the penslons reserve. The current service c05t, expected return on pension scheme assets, interest on pension scheme liabilities and lossllgain} on curtailments & settlements are wthin the "expenditure" and 'other gains and losses" sections of the financial slalements. ActU8rial gains and losses are recognised in the galn and losses section of th8 SOFA. More details are included in note 25 to these accounts. 1.16 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not bèen designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustee5 for particular purposes. The aim and use of each designated fund is set out in tho notes to the finandal stslemenls. Restricted funds are funds which are to be used in accordance with speafic reslriclions imposed by donors or which have been raised by the Company for partiGular purposes. The costs of raising and administeTing such funds are Charged against the speafic fund. The aim and use of each restricted nd is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 25

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilrnlted by guarontwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Judgemgnts Sn applylng accountlng pollcles and key sourc￿ of estimation uncortalnty The p￿paratIon of the financial statements requires the charty lo make judgements. estimates alld a88umpb.ons that affect the amount¥ reported for assets and liabiif£ie8 as al the balance sheet dale and the amounts rewrted for Income and expenses during the year. However, the nature of estimation means the acbjal outcomes could differ from those estima18$. The fcAlowing judgements and eslimales have had the most significant effect on amounts recognised in the finanaal slatemenls. Critical ae£ounttng estimates and assumptions: Tanglblo fixod assets Tangible frAed assets are depreciated over their useful lives taking into account residual values, where approprk8. The actual lives of the assets and residual values may vary depending on a numl)er of factors. AGcrued exponsès Accrued expenses are estimated by the charity baJ upon past eyrience, knO￿edge of kn¢)wn 15$ues * the balance sheet dalo, and management information available after the balance sheet dale, in respect of matters foi which the charity is confident there will be an oufflow of eccwmic benefit Retirnmgnt bgnoflts Vadous assumptions are made in reporting the perfoimance of the charitys share of the pension scheme. A valuation is carried out for reporting purwses by a qualified independent actuary. The principal actuarial assumpb'ons made are disclosed in note 24. Alk>catlon of oxppndlture Where expendituro is not directly attributable lo aclivlty Categories or funds, ￿8t$ are apportioned on the basis of staff number8 or by reference lo the proporti￿ of resources Lrtilised. Income from donations and lègaclas Unrostrfcted funds 2023 Rastrfctèd funds 2023 Total funds 2023 Tcrtal funds 2022 Donations Legacies Grants Govemment grants 77,253 67.500 65,200 250,000 327,263 67.500 65.200 141,276 3.367 65,200 333,333 209,953 250,000 459.953 543,176 Page 26

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilrnited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from charltable acllvltle$ Unrestrlcted RostrlGted funds funds 2023 2023 Total funds 2023 Total funds 2022 Funding for Alana House Chiklren in Need Grant Ministy of Justice Grants crther Grants 464.070 47.614 139,629 65,256 464,070 47,614 139.629 66,256 444,358 56,353 47,614 87.138 716,569 716,569 2.457.060 573.212 635,463 2,556,383 582,313 Inter-agency placement fees Other fees 2,457.060 573,212 3,030,272 3.030,272 3.138,696 3,030,272 716,569 3.746.841 3.774,159 Income from other tradlng activities Income from fundralslng evonts Unrestrlcted funds 2023 Total funds 2023 Total funds 2022 Fundraising 38,215 38.216 13,329 Totsl 2022 13.329 13.329 Investment Incomg Unrostrlcted funds 2023 Total funds 2023 Total funds 2022 Dividends and interest 7,698 7.698 2,089 7.698 7,698 2,089 Page 27

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INGORPORATED (A company Ilmlted by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expendlture on Taislng funds Costs of ralslng voluntary Income Unrostrfcted funds 2023 Total funds 2023 Total funds 2022 Other fundraising costs Fundraising staff costs - gross wages Fundraising staff costs - Nl Fundraising staff costs- pension 10,617 127,111 9.692 6.710 10.617 127.111 9.692 6.710 55.012 97.932 8.849 5,571 154.130 1fA.130 165,364 Fundralslng tradlng expen$•s Unr•stricted funds 2023 Total funds 2023 ftJnd8 2022 Chlef executives office 26,683 26,683 Analy$l$ of expfrndlturg on charltable actlvltles Summary by fund typ Unrnstrfcted Re$lrl¢ted Endowment funds funds funds 2023 2023 2023 Total 2023 Tclal 2022 Adoption ¢¢)mmunty projects Governance costs 2.836,362 237,485 115,308 597.320 562,698 3,433,682 800.183 135.379 3.354.694 567.395 123.265 20,071 3,189,155 1,160.018 20,071 4,369,244 4.045,354 Page 28

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company limited by guarantee) NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysts of èxpendlture by actfvitles Dlrect costs 2023 Support costs 2023 Total funds 2023 Total funds 2022 Adoption Communty projects Governance costs 2,(E9,568 487.635 78.168 1,364,114 312,548 57,211 3.433.682 800.183 135.379 3,354,694 567,395 123,265 2,635,371 1,733,873 4,369.244 4.045,354 Analy81s ofsupport costs Communlty Governance projects osts 2023 2023 Total funds 2023 Totsl funds 2022 Adoptlon 2023 Finan￿, personnel & re¢opli¢ sts Marketing and frJndraising Chief executives office IT, operations and facil￿'e$ Audii fees AGM and executivo council costs 370,394 191,122 336,858 465,740 257,867 10,517 18,536 25.628 12.039 17.161 640,300 218,800 366,394 506,506 12.873 327,444 156,445 229,374 497,287 12.000 15,138 12,873 Bank charges 1,311 1,364,114 312,548 57.211 1.733.873 1,224,429 10. Auditorfs romungratlon 2023 2022 Fees payable lo the Companvs auditor for the audit of the Companrfs annual accounts 11,200 10,200 Page 29

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A ¢ompany Ilmitsd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 MARCH 2023 11. Stsff ¢osts 2023 2022 Wages and salaries Social securty costs Contritxrtion to defined contribution pensirm schomes Contribution to defined benefit pension scheme5 2,719,170 268,289 127A70 114.000 2,498.633 231,038 110,672 159,000 3.228.929 2,999.343 The average numbgr of wsons employed by the Company durfng the year was as follows.. 2023 No. 2022 No. Full time Part tome 35 55 49 92 go Adoption & fosterlng Community projects Support serviees 46 16 30 47 15 28 92 90 The average hfjadc￿nt expressed as fulktime equivalents was". 2023 2022 Full lime Part time 35 29 31 72 66 Adoption & fostering Communty projects Support services 35 13 24 35 10 21 72 66 Page 30

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company limited by guarant•o} NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 staff ¢osts (contlnuod) The number of employees whose employee benefits {excluding employer pension costs} exrEeded £60,000 was.. 2023 No. 2022 No. In the band £60,001- £70.000 In the band £70.001 - £80.000 In the band £80.001 - £90,000 In the band £100,001- £110,000 Kwi managamont pèrsonnel The charity considers ils key management personnel to be the directors and the Senior Management Team ISMT}. The SMT consists of the Chief Executive Officer, the Head of Finance, the Business Development Dlreclor. the Service Director. the Assistant Service Dir￿tor, the Head of HR, the Head of Marketing and Communications and the Head of Communities. The total employment beneffts. including employer pension and national insurance contributions, were £566,84912022.' £572,602). 12. Trustees. romungratlon and Èxpenses During the year. no Trustees fecoived any Temuneralion or other benefits (2022 - £NILI. During the year ended 31 March 2023, no Trustee expenses have been incurred12022 - £NILI- Page 31

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA ¢ompany Ilmtted by guarant991 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1& Tanglble fixèd assets Offlce oquipmenu Fr8ehold Bulldlng IT fumlture & property Improvemeftts equlpment flxtures Wabslte Total Cost or valuatEon At 1 April 2022 Additions Disposals 1,825,000 168.670 10.295 (33.3131 12,778 114.180 2,120.608 28.143 133,313) 17,848 At 31 March 2023 1,825.000 17,848 14&652 12.778 114.160 2,115,438 Deprnclatlon At 1 April 2022 Charge for thè year On dlsF4)$81s 23.725 23,725 126.166 25.662 133,313) 12,778 57.695 23,611 220,364 74,417 {33.3131 1.619 At 31 Ma￿h 2023 47,450 1.619 118,415 12.778 81,206 261.468 Not book value At 31 March 2023 1.777.550 16.229 27,237 32,954 1,853.970 At 31 March 2022 1,801,275 42.504 56.465 1,900,244 The original cost of the freehold properties was £777,000. The properties were valued as at 31 March 2021 by Haslams Surveyors LLP at £1,825,000. The Company has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the caffwng values would have been as foll¢)ws.' 2023 2022 Freehold property 565,371 576.909 Page 32

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Flxod assgt Investments Unllsted Inve$trngnts Cost orvaluatlon At 1 April 2022 62,181 At 31 March 2023 52,181 Net book value At 31 March 2023 52.181 At 31 March 2022 52,181 15. Stocks 2023 2022 Work in progress 766.004 699,604 16. Debtors 2023 2022 Trade debtors 548.906 16,232 77,716 980.016 7.952 86.250 other debtors Prepayments and accrued incorne 642,854 1.074,218 Page 33

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 17. Credltorg: Amounts falllng due within one year 2023 2022 Trade creditors Other tsxalion and social secuiity Other Lyeditors Accruals and deferred income 178.739 73.344 119,976 237,728 242,749 63.200 152,027 252,038 609,787 710.014 2023 2022 Defeffed income at 1 April 2022 Resources deferred durlng the yEar Amounts released from previoLts poriods 212.884 210.946 (212,884) 329,013 212,884 1329,0131 Deforred Income at 31 March 2023 210,946 212,884 Page 34

OXFORD OIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmltgd by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statoment of funds statemont of funds - cuThent year Balance at 31 March 2023 Balance at I Aprll 2022 Trnnsfers Inlout Gainsl (Losses) Income Expenditure Unrestricted funds Deslgnat•d funds Designated Funds - all funds 263,168 100.000 363.168 Gengral funds General Funds all fuThJs Revaluatlon reserve 2.122.145 3,286,138 13.336.031) 1218.386) 1.863.866 888,318 888,318 Pension reserve 3,025,000) 1109,000) 2,332,000 1802,000) 114.637) 3.286.138 {3.445.031) 1218,386} 2,332,000 1,940,184 Total Unre5trlcted funds 248,631 3,286,138 13,445,031) 1118,3861 2,332.000 2,303,352 Endowment funds Original gift Unapplied total relum Original gift Unapplied lotsl return 9.083 9,083 586 28,247 586 28,247 763,079 {20,0711 (2.0461 740,962 800,995 {20,0711 (2,0461 778,878 Page 35

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmlt8d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statement of funds Icontlnuedl Balance at 31 March 2023 Balance at 1 Aprll 2022 Transfer¥ inlout Gainsl (Losses) Income Exp•nditurn Rostricted funds Alana House Reading Strengthening Families Bounce Back for lQ"ds 423.612 (471.428} 47.916 362.870 (369.836) 13.034} 180.187 (253,691) 73.504 966.569 11.084,9SS1 118.386 Total of funds 1.049,626 4,252.707 14,550,057) 2,329,954 3,082,230 Page 36

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmltod by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statemont of funds Icontlnugdl Stat•ment of funds - prior year Balance al 31 March 2022 Balance at 1 April 2021 Tr8nsfgrs inl¢xrt Gainsl ILos5e5} Income Expenditure Unrgstrfctgd funds D•slgnat8d funds Flxed assets 266,822 {3,6541 263,168 General lunds General fun(ts Revaluab"on reserve 1.835,385 3,363,958 12.816,722) 1260,4761 2,122,145 888,318 888,318 Pension roservg 13.628,000} 1141,000) 744,000 {3.025,0001 1904,297) 3,363,958 (2.957,722) 1260,476} 744,000 (14.5371 Tolal Unrestrlcted lunds 1837,475) 3,363,958 {2,957,722) 1264,130} 744,000 248.631 Endowment funds Wellesley Home Trust Prwerty Fund Original gift Unapplied total rètum 9,083 9.083 586 st. Ma￿$ Home Fund Original gift Unapplied lotsl retum 28,247 28,247 778,812 {20,0711 4,338 763,079 816,728 {20,071) 4,338 800,995 Page 37

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A ¢ompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statement of funds Icontlnued} Balance at 31 March 2022 Balar￿8 at 1 April 2021 Transfers inlout Galnsl {Lossesl Income ExpeTrJiture Restricted lunds Alana House Reading Strengthening Familie5 Bounce Back for Kids DIE Covid-19 grant 395.771 1419,080) 23,309 134.752 1352.268) 217,516 104,939 1148,315) 43,376 333,333 1333,333) 968,795 (1,252,996 284,201 T¢tsl of funds 179.253 4,332,753 (4,210.7181 748,338 1,049,626 Page 38

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 18. Statement of funds Icontlnugd} Unrestrlctgd funds - de8lgnatod These are unrostricted funds which the trLtstees have decided should be used for particular purposes- Th6 trustees agreed that the net value of unrestricted fixed assets held in the goneral fund should be transferred to a designated fixed assets fund, to promde a batter understanding of the charivs unreslricled reserves. This excludes any assets held ty restricted funds but includes assets financed by long term loans. Unrestrictgd fund$- gengral Unrestricted funds are expendable al the discretion of the trustees in furtherance of tho objects of the charity. The general fund represents the net free assets of the wmpany. Endovmient funds A pernianent endowment is a capital fvnd where there is no pow&r lo convert the capital into income, i.e. the capital must be held indefinilety. An order was granted by the Charity Commission in 2002 permitting the trustees to adopt a totsl relum approach to the investment of the above ￿ endowment funds. This order pemits the application of the unopplied total ielum lo the charitable purposes of the charity. Wellesley Home Trust Propety Fund is a permanent trust sel up under a Charity C(xnmission scheme in 1978 from the general assets of the Wellesley Home foll￿ng dosure. The fund'5 assets are shares in a J.P.MLYgan Unit Trust capital in the Sl Mar￿S Home hjnd may be applied in or towards the provision of land and buildirKJs for the support of women and girls at risk. R8strkted fund5 Restllcted funds are fun¢Js which may only be used In ways that are restricted by the terms under whtch theywerfr received.. Alana House is a project which supports women who are at risk of entering or in the Cfiminal Justice System. The main service is in Reading ￿th outreach support across Berkshire. Strengthening Families relates lo support work carried out by PACT over and above the requirement5 of Inter Agency Fee, and includes support and a8SlStance given to families and children via the dedicated Strengthening Families Team. PACT 18 in receipt of a grant from Children In Need to help support the fvnding of the team In this 8rea'. Bounts Back for lQds is a project supporbng families lo heal from the trauma of domestic abuse. Services are providod in South Oxfordshire, West Berkshire, Reading and Wokingham. Page 39

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 19. Summary offund$ Summary of fund8- ctsrr•nt y••r Balanco at 31 March 2023 Balanco at 1 April 2022 Transfer5 inlout Galnsl (Losses} Income Expen￿￿Ure Designated funds General fvjnds Endowment funds Restricted funds 263.168 (14S371 3,286,138 13A46,031) 100.000 1218,386} 2.332.000 363.168 1.940,184 800.995 120,0711 (2.0481 778,878 966.569 11.084.955 118.386 1,049,626 4.252.707 14.550.057) 2,329,954 3,082,230 Summary of funds . prloryear BalarKe at 31 March 2022 Balan¢9 at 1 April 2021 Transfers inlout Gainsl (Losses) IrKome Expenditure Designated funds General fvjnds Endowment funds Restricted funds 266,822 {904,297) 3.363,958 13,654) (260,476 263,168 114,S37> {2,957.7221 744,000 816.728 120,071) 4.338 800,995 968,795 11,252,996} 284,201 179.253 4,332.753 14,210,718} 748,338 1,049,626 Page 40

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA Company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 20. Anatysb of not assets between fvnds Analysls of net assets between funds - current yoar Unrestrtct￿ Endowment funds funds 2023 2023 Total funds 2023 Tangible fixed assets Fixed asset investments Current assets Creditors due within cfie year Provrsions for liabilities and charges 1,127,273 726,697 52,181 1.863.970 $2.181 2,587.866 {609,7871 {802,0001 2,587,866 1609,7871 1802,000) Totsl 2.303,352 778,878 3,082,230 Anatysis of net assgts between funds - piior year Unrestricted Endowment funds funds 2022 2022 Totsl funds 2022 Tangible fixed assets Fixed asset investsnents Current assets 1,163,145 737,099 54,227 9,669 1,900.244 54.227 2,830,169 1710,0141 {3.025.0001 2,820.500 1710,0141 13,025,000) Credrtors due wlthln one year Provisions for Ilabililie5 and charges Totsl 248,631 800,995 1.049,626 Page 41

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA Company Ilmitod by guarant•o1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 21. Roconclllatlon of ngt movomgnt In funds to ngt cash flow from operatlng actlvltles 2023 2022 Net lncomelexpend￿re for the year (as Fer Stslement of Financial Actiwties} (299,396) 126,373 Adjustments for. Depreciation charges Gainslllossesl on investments Interest received (In￿eaSe}IdeGrea$e in work in progre88 Decreasellin¢reasel in debtors Increasel{decreasel in credit(xs Defined benefft pension scheme cost Iv35 contribulions payable Defined benefft pension scheme finance cost 74rt17 2,046 17,6981 166,4001 431,364 1100.227> 31.000 78.000 72,308 (4,553) (2,089) 1119,359) 1681,299) 197,799 69,000 72,000 Net cash provlded byllused Inl opgratlng actlvltles 143,106 {269,8201 22. Analysls of cash and cash equlvaleDts 2023 2022 Cash in hand 1,179.008 1,056.347 Totsl cash and cash equlvalents 1.179,008 1,056,347 23. Analysis of changes In net debt At 1 Aprfl 2022 Cash flows At 31 Ma￿h 2023 Cash at bank and in hand 1,056,347 122,661 1,179,008 1.056,347 122,661 1,179.008 Page 42

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Penslon commltments The Company operates a defined benefit pension scheme. Royal County of Berkshlre Penslon Fund PACT is an admitted body of the Local Government Pension Schème ILGPS} as part of the Royal County of Berkshire Pension Fund 1.the Fund"). Since 31 March 2013 the Fund only remains open to new PACT members of staff for a small numbor of senior posts. During the year the active PACT members of the Fund remained at 6 members. The LGPS scheme is a funded, defined benefit scheme arnl contributions are sel every 3 years as result of the actuarial valuation of the Fund which estimates the asset and liability allocation for PACT. PACT'S share of the assets of the Fund is less than 1%. The last valuation was al 31 March 2022 and the pgnsK)n expense calculations as at 31 March 2023 have been promdel by Barnett Waddingham, consultrng actuaries to the Fund. PACT also contributes lo a defined contrlbulion group personal pension scheme on behatf of those employees who are not members of the LGPS. The Charities SORP (FRS 1021 disckjsures for the Fund at 31 March 2023 shows a deficit of £802k {2022'. £3,025k). Employer conlribulions lo this Fund lolalled £87k 12022.. £94k), al a contribution rate of 22.20% {2022-. 22.20%). This cost is included in direct charilaile expenditure in the SOFA. The deficit at the beginning of the year was £3,025k {2022-. £3.628kl. The actuarial gain during th9 y9ar was £2,332k 12022.. £774kl. This is shown in the SOFA as 'acluarial galns I Ilosses) on ne enefit pensK)n schemes.. Other movements in the reconciliation to the closing balance tolalled 022.. £141kl. Tttis cost is included in direct charitable expgndilure in the SOFA. 109k Prinopal actuarial assumptions at the Balance sheet date {expressed as weighted averages).. At 31 Maich At 31 March 2023 2022 RPI inueases CPI increases Future salary increases Future pension increases Proporlion of empbyees opting for earfy retirement 2.60 2.60 4.65 2.95 4.90 3.20 2.65 2.60 At 31 March At 31 March 2023 2022 Years Years Mortalrty rates lin years) - for a male aged 65 now - at 65 for a male aged 45 now - for a female aged 65 now - at 65 for a female aged 45 now 21.3 22.6 24.0 22.3 23.9 26.3 25.4 Page 43

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA tompany Ilmited by guarantèo NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2& Pension commltments lcontlnued) The Companvs share of ts assets in thé scheme was.. At31 Ma￿h At 31 March 2023 2022 Equiti'es Corporate bonds Property Cash and other liquid as8el8 Other 2,489.000 632,000 514.000 40,000 276.000 2.597.000 676.000 soo,000 87,000 323,000 Total fair value of assets 3.951.000 4,183,000 The actual return on 8eheme assets was £104,00012022- £439,000). The amounts recognlsed in the Ststemenl of Finand81 Actmties are as follows.. 2023 2022 Current serv¢ce c051 Net interest on the dgfined liability Administrative expens&s 114,000 78,000 4.000 159.￿0 72,000 4.000 Total amount reeognlsed In the Statement of Flnanclal Actlvltles 198.000 235.000 Movements in the pr8sent value of the defined tenefft obligation were as follows.. 2023 2022 Opening defined benefit ok4igalion Current service cost Interest cost Contributions by scheme partiapanls Actuarial gains Benefits paid 7,208.000 7.384,000 114.000 159,000 186.000 146,000 26.000 26,QOO (2.655.000> 1305,000) 1224.000) {202,0001 Closing deflned beTr•flt obligatjon 4.753,000 7,208,000 Page 44

OXFORD DIOCESAN COUNCIL FOR SOCIAL WORK INCORPORATED IA company Ilmltgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Penslon commttments Icontlnugdl Movoments in the fair value of the Compan¥$ share of scheme assets were as follows.. 2023 2022 Opening fair value of scheme assets Expecte(I retum on assets A¢tuarial Ilosses}Igains Contributions by empl¢)yer Contributions by scheme participants Benefits paid Adminstration expenses 4,183,000 107,000 1223,0001 87,000 25,000 (224,000} 14,000) 3,756,000 74,000 439,000 94,000 28,000 1202.000) 14,000) Closlng falr valuo ol scheme assets 3.951,000 4,183,000 25. Trnnsactlons wlth connected ¢harltle$ The Oxford Di¢xesan Board of Finance IODBF} is a connected charity. DurirKJ the year thg charity received grant income of £65,200 (2022.. £65,200) from ODBF. 26. Operatlng lease commltments At 31 March 2023 the Company had ￿MMItMents to make frJture minimum lease payments under non- cancell*Jle operating leases as follows.. 2023 2022 Not later than 1 year Later than l year and not later than 5 years 70,631 102,032 13,929 12,536 172.663 26,465 27. Relatod party trnngactlons Part Time Employment of SkK)use {Patricia Dyer) of Mick Dyer (Head Of Finance) as part lime FACTS administrator from 23.5.2210 28.4.23 on an arms length salary of £11.651 per annurn. £3500 was invoiced for consultancy by Trusleee Phil Lews on project work for PACT in arms length transactions during the Finanaal Year. Page 45