Ccfflpany regiBlration numkr 08216279 Charity r8g1strall number.. 1154019 Ree8 Foundation IA company limited by guarantsg) Annual Rer and FinanGkl Ststements for the Year Ended 31 December 2025
Ree8 Foundatlon Contents Reference and Administrattve Details Trustees, Report 2to15 Independent Auditors, Report 16t¢18 stal8m8nt of FinanGial Athties Balan¢e Sheei 20 Statement of Cash Flows 21 Notes to the Hnanckgl Stal8ments 22to34
Regs Foundatlon R¢far&n and Admlnlstratlvg Dotalls Trust998 Mr P J Rot4rOn Mr R C Bertie Mr M O'Hara Mrs Z RhardSOn Mkqs K J Walson MrNJCook Mrs H How¥dJones (appoint1 30 April 20261 Prlnclpal OfflG• Craftsman Hou88 De Salis DrNe Hampton Lovett Droiiwrth WR9 OQE Company Rggl8tratlon Number 08216279 Charfty Roglstrntlon Numbgr 1154019 Audttor Baff8rds LLP Oakmoore Court 11G ngs*d Road Hampton Lovett DrO1h Worcestershire WR9 CQH Page 1
REES FOUNDATION Trustees, Annual Report and Financlal Statements For the Year Ended 31 December 2025 Trusteos, Roport The Trustees present their annual rept and financial statements for the year ended 31 December 2025. The aims and objactives of Raes Foundallon Charttablo objects Tre charity's obj8Ctives are for the pu1¢ benefrt, to relieve by such means as are charitable, hiklren and adults who have had foster care or residential care experience by Ihe provision ' of support, adwce, resources, assistan, financial or otheNlse, grant8, programmes and other actlvities to.. advance education relieve unem0yrnent promote lh8 Swi81 Incluslon amory bendarieS who are excluded from society, or parts of society, due to 1r social or economi¢ position develop their capacity arKI Skills in suth a way that they are better able to identify, and help meel, their needs to participate more fully in sodety Strateglc alm8 Our strategic aims are to: Bulld Communlty. Y create opportunitEs for care experienced individuals to connect wilh one another and with the wder community, fD8tering a sense of belonging and combatting isolation Reach Potential, we empower care experienced individuals to unlock their full potential, supporting them in accessing opportunilies for personal growth, improved wellbelng, access to education, and career development Support Safer Homes, we offer advi. guidance, and practical support to holp re experienced individuals secure and maintain a safe, stabl8 home Support Pracllce Improvem6n( we wot1( to enhance Ihe knowledge and skllls of those who support care experienced Feople. enabling them to provide the best possibl8 care and supp Ensurfng the work we undertake achieves our aims Our vlslon Is lo ensure thai car8 experienc£d people ara not kft to face lrfe's challenges 81ong. Our misslon is to help care experienced p8oFde thrive. The wide ranging wojeds and activities we deliver often support and achi8ve multiple objectives at once. Our initiatives hdp care experienced people secure s.afer and more stable homes. build meaningful connedon5 Wtthin their communttbes, and access opportunltlés for personal grovth. education. and career development.
Al the same time, w8 work to enhance the knowtedge and skills of those who SUFPOrt care experienced people, ensuring that beneficiaries receive the best possible guidance and assistance. This holistic approach aSlows us to respond to varied and evolving need. delivering meaningfiJl and lasting impact. Throughout 2025, the charity continued to develop both direct support and wider engagement activity, Includlng 81S support, emoyabl1ify and progression programmes, parenting support, online and communty based provision, and commissloned tralnlng activity. Publlc benefft The Trustees have complied with their duty to have due regard lo the guidance on public trRnefft as published by the Chartty Commission and, In Ih1 of our registration with the Office of the Scottish CharTly Regulator, we remain mindful of the public benefft expectations of both r8guialors. The Trustees consider all activities undertaken during thè yèar to further the chgrity's purposes and to be of public benefrt. Our Thanks We extend our heartlglt gradtude to th8 dadlcated staff. as80(iates, volunteer5, ambassadors, supporters, fundgrs, and partners of Rees Foundation. Th8ir hard worK gèneroslty, and stèadfast commitrnent have been invaluable In drivlng the charli$ progress throughout 2025. We are also deeply gratefvl to the care expertenced p80pl8 who continue to shape our work through thèir feedback, partipation, and lived experience insight. Thelr voices remaln central to the charity's development and impact. A¢hlevements and Perfomiance This year has been another signbfiGant year for the c*aiity, wtth 5UStained growth in benefiary engaggment, ¢ontinued demand across core services, and ongoing development in the charity's reach influence. Throughout 2025, Rees Foundation continued to provide practlcal, emots'onal, and developrn6ntal support to care expertenced F0ple of all ages. Demand r8malned hlgh across financial ciisis support, educational grants, employabilty support. parer)ting wogramm6s, and engagement activity. The charity also continu&a to $treren its national profile through partnership working, community engagement, training activty, and external influence. Stakeholder engagenft expanded during the year, strengthening relalionships with local authoriti88, universiti@$. prtsons, communlty partners, and wider stakeholders. Further delail on the charivs chariiable activithes. oullXrt8. and impact is set oul below within the Chief ExecLrtive Officer's Review. Charity Structure During the year, the chsrtty realvJned its resources to develop a dear structure allgned to Its evolving project based activity. High performing teams worked collaboratively to 8UPPOrt continued growth and development. At thè year 6nd. the organEsalion employed a mix of 22 full and part lime staff, oquivalent to 18.23 full time employe68.
Board Structure Govarnarnce remains a prfority, supported by a strong and commltted Board worklng logeth8r to continually strengthen governance practice. The charity aims to increase Board capacity in 2026, using a skills based approach to support targeted r8cruitmenl, induding representati¢)n from Swtland. Staff DevelorAnent We were pleased to continue to offer a range of leaming and development opportunitl8s for our staff team to enhan existing knowledge and gain new skills. embedding a culture of learning, Well1ng, and inclusive practi. IT and Infrastructure The tharlty continu8d lo support a diverse and 6UStainable workforce tlyough remote and hybrid worng pattems, while maintaining Cyber Essentials Certffication, providing reassurance to stakeholders and strenglhening infomiation seGurty. Fundral8lng and Flnanclal Sustslnablllty The charity generated a diverse range of sustainable income through its fundraisiThJ aGtivity, Induding multi year grants through trusts and foundations. commerdal trading activity, individual donations. and wider supporter led fundraising. Recognition The organlsatlon's work was recognised through a number of external awards arKI acknowledgements. Inchjding an Inspirational Youth Project Award, recognition as a Worcestershire InCluVe Leader, achievement of Ihe Bronze Avjard within the DefenG8 Employer Recognition Scheme. and continued commitment to the Mindful Employer Scheme.
Chlef Executlve Offlcerfs Revlew of Charltable Actlvftlos by Paelody Douglas Our su¢ce¥s In 2025 During 2025, R8es FourKlalion exForienc8d sustained and increasing demand for its 88rvlces, reflecllng the ongoing challenges faced by care experienced people across the UK. In response, the charty continued to provhlé a broad rangè of opportunities for care18avws to access practical, emotion81, and developmental support, while strongthening its reach, partnerships, and organisational ¢apaclty. FlnanciaS Assistance through Grant Making and Crisls Support Crisls support remaSned a core area of delivery throughout the year. The charity reGeived 325 crisis applications in Quarter 1, 312 in Quarter 2, 322 in Quarter 3, and 428 in Quarter 4, dèmonstrating sustained and rlsing demand across the year. particularly during the wlnter months. Financial 8UPPOrt wa6 provid where fijnding allowed, with many appllcants supported directly through emergency assistance. Those who werè not eligible for dimcl financial support were offered emotional supporL advocacy. budg8tirwJ guidance, and signposting to local Welfa schemes, food banks, and other r8k8vant support 8ervic8S. Demand for educational grants also remained hrgh. Quarter159w 34 appliGation8, Quarter 2 saw 58 enquiries leading to 21 applications, and Quarters 3 and 4 both Saw Sg spplications each. Durfng the year, 21 applicants were awarded grants to SUkVIrt a broad range of reer and progression pathways aimed at improviThJ employabilty, confidence, and long t6mi opportunities. Areas of study induded business. finan, international trade. law, psychology, counselling, healthcare, so¢ial work, veterinary medlne. digital marketing, creatlve Industries. beauty, tattooing, dog grooming. ectrical installatlon. project management. and care qualificatlons. Courses ranged from Levd 3 and vocational qualthcations through to undergraduate, postgraduate, masters, LLM, MPhil, and PhD level stLKly, supwting progregsion into both sknlled ITades and professional careers. The Rees eel beo8me incre8$ingty embedded durirNJ the year as a structured, whDIe- person support tool, strengthening understandlng of individual neèds and improving connections to a wldar range of relevarrt support services. Employabllty, WeSlbelng and Careern Coa¢hlng Including Future Me Employability and progression supwrt remained a key ar&a of impact during 2025, wlh over 115 care 8xperien¢ed people supported. Future M8 continued to grow as a programme for younger care experienced people, combining reer$ support, mentoring, and communty based activity. Quarter 4 saw 11 in person FLrtur6 Me events delNered across multiple locations, with 82 young Feople attanding. More than 35 Fer cent attended more than one event, demonstrating strong engagement, and over 90 per cent of participants report8d increased Confiden and wellbeing. During 2025, Fubjre Me was recognised through th8 Inspirational Youth Project Award, r6flecdTrJ tha posttive impact of the programme and the engagement of participatiffd young people.
Support for those aged 25 and over also remained strong throughoui 2025, wlth a high volume of referrals recenied and consistent levels of engagement across the year. Suppori included tailored guidanc8 on employment, training, volunteering, and Se-eMplOyMent, alongside practical assistan with CV develowen( applicatlons, and navigating workplace challenge8. OulGomes included indiwduals securing employment and training opportuni118s, alongside increased confidence, improved wellbeing, and greater readin85s for work. This support continues to play an important role in ensuring that care experienced adults are not ovedooked and are able to access meaningfvl opportunities at all stages of theirjourney. Coventry Pathway Project Durfng 2025, Rees Foundation also contributed to the development and delivery of the Coventry Pathway Project, commlssloned by Coventry City Council and deliverod in partnership wth Coram Voice, the National House Project, and wider sector partners. Tho project focused on supporting care experienced young people to strengthen practical Independént living sknlls. communty connection, confidenc, and kweparation for adulthood through trusted support, collaborative learning opporbjnities, and community connection. Thls work reflected the growing importance of approaches that strengthen long-lemi supp¢Jrt IOrkS and reduce isolation for care experienced pe¢)ple transitioning into adulthood. Parenting Support and Stsrt for Ll The Start for Lrfe programme for Care experienced parents Gonlinued lo strengthen throughout 2025, providing a combination of struclured sessions, group activilies. and opportunities for peer connection. Adiwty affoss th8 year InGlud6d regular sessions and events supporbng both parents and Ihelr thlklren. helplng to build confiden, reduce Isolation, and strengthen support netsvork8. By the final quarter, the programme had delivered 93 engagements involving 50 individual care eXperiend parents. demonstrating strong reacii and repeal engagement. Feedback consistently17ighlighted increased confrjence, reduced isolatron, and slrongor connections to local support nelworks. The programme also reinforced the importance of actsssible, r8lationship-based Supp for care experienced parents, partularlY beyond slatutory provision. Communlty, Engagement and Bfrlonging Lèt's Connect remained an important offer for peer support and wellbalng, provldlr)g Tange of inforrnal and themed sessions deslgned to support connection, confidence, and emolional wellbeing. Sessions induded a mix of socia, wellbeing-focused, and topic-led discussions. offering a¢$S1e opportuntlies for care experlenced people to engage in ways that felt cormfortable and supportNe. Across the year, the programme supported 196 attendanc85, with consistent levels of sign up and participation. Learning from attendance pattems highlighted barri8rs Induding COnfenCe, digital access, and readiness lo engage in group s8ttings. Thls insight has informed ongoing devdoprnenl of the programme, includlng greater emphasis on itkperson activily, regional engagement opportunities, and more tailored approaches to participation ensurfng the offer continues lo evolve in response to identified need and engagement barriers.
Café Connections continued to develop as a key communty-based offer during 2025, providing safe and welcomlng spaces for Care experienced people to connect, access support, and r8duce isolatton. Actlvlty during th8 year induded the launch of new locatlons and increased engagement across regions, alongsKle learning about what supports consistent attendanL* and meaniwful GonneGtlon. The programme has demonstrated the valu8 of infomjal, community-based 8nvironrnents in supporting wellbeiro and building trust, particulady for indivwjuals who may firKI morè structured setvices harder to access. During National Care Leavers Month, Rees FouThJation 8UPPOrted the launch of the Manchester Café Connections partnership, bringirwJ together care experienced people, professionals, and fund8rs. The launch fomied part of wKler engagement activity taking placè across England and reflected growing intsrest in the Café Connections model and its role in supporting ContiOn. be]oThJing. and communlty. Feedback gnd engagement pattems have infom8d plans lo revttalis8 and relaunth th8 modèl on a regional basls during 2026, with a focus on accessibllity, consistency, local and regional partnerships. The Imaginatlon Llbrary programme conllnued to grow steadily throughoth 2025, increasing from 130 children subsGrib8d in Quarter 1 to 211 Ghlldren by Quarter 4. The programm8 provide8 carg experienced famil wth access to ag8-appropriate books dèlivered directly to their homes, supporbng earfy years devetopment and encouraging love of reading. Th8 Inltlalive ¢tinueS to be valued by families, helping to promote routine, bondlng, and early leaming, while also provldlng a slmple but meaningful point of connection b6tween the charity and care experienced hou8eholds. Winter Wellbeing Support During the winter period, the charity deltV8Fed th8 lthap Them in Care initiative, distributing 230 winter wellbeing packs to cara experiencèd young peopla 6xp8riencing ff nancial h8rdshlp. The packs werè shared through a series of engagement events during National Care Leaver5 Month. combining pradical support with opportunrties for connection and ongoing 8ngagement. Each pack induded essential items to 8UPPOrt wamth and redu energy costs, alongside guidance lo bulld confidence in managing household energy use and finan¢es. Feedback from recipients was ov8Mhelmingty positive, with 93% reporting the packs to be highly useful arKi many hlghlighting the differen the packs made to their ojmfort. confKlence, and overall weHbeing. This initialive demonstrated the value of combining prathcal support with guidance and connectlon, helping to reduce immedlate h8rtship while supporting longer-lemi ind8p6ndence. Carlng for Care Leavers in Custody Caring for Care Leavers in Custody remalned a dlsllnctive and high Impact part of the charity's work during 2025. Across the year, 130 care leavers w8r8 supported through in- custody 8ctFvity, Including workshops, peer sesSn$, and one to one support delivered across multiple prison settings.
Feedback from participants highlighted increased understanding of their rights and entluemenls, improved confidence, and a stronger sense of moltvation and dir8Ction for the futur6. The programme also helFed to reducE feellngs of isolation by creating opportunities for connection and peer support within custodial environments, Feedback from partlGipants regularly highlighled the value of hearing from others with shargd 8xperiences, wlh many describing the sessions as motivating, r8lalable, and beneficial lo their emotional wellbeing. This work continues to play an unportant rol8 in supporting care 8xpert6nc8d lThJivlduals at a critical point of transition, helping io build confftlence. 5tr8ngth8n engagem8FIt with 8UPPOrt. and Improve outcomes bJth during custody and in preparation for release. Houslng Projèct Six households have conllnued to sustain their tenancies under a revised, light-touch support arrangement, whereby individuals are able to access support 8$ and when rgquired. The majority of these tenancies have now exceeded four years, reflactlng both the effectiveness of the Rees housing model and the commitment, resllience, and home managemenl skills of the lenants th8msefves. Thi8 work hlghllghts the Importan ol Stab housin9 and consistent, relatlona5 support in enabling care experienc8d people to live independenty and sustainably. Building on this learning, the charity will seek to further develop its housing offer, vthh the aim ot establishing clear slrategy to expand the model and support more care 8xperienced people in 2028 and 2027. During 2025, Rees Foundath'on also contributed to the wblicatton of Way Beyonrj th9 Ca Cliff, a peer reviewed research paper exploring the experience5 of care experienced adults accessing the charity'$ housing and support model. Published within the Joumal Df Children's Servlces, the research hlghllghled th6 IMPOrtanc8 of safe and stable houslng, long-term relatian81 support, and ongoing support beyond th& age of 25 for care exp6rienced people experlencing homelessness aThJ disadvantage. The research refiected Ihe value of relationshiTrbased and traum&informed practice. alongside the Importan of sustained support in helplng care expersenced people build slability, Confidence, arKI hope for the futLfe. Armod Forces and V•toran Support Work supporting ¢gre experienced veterans and service leavers continued lo develop durlng 2025, representing an important emerging area of focus for the charity. Through the From Care lo Command initiative, the organisats'on began to build stronger relationships wlth Armed Forces and v8teran support organisations, al¢)ngside incr6asing awareness of the Specific needs and experiences of care experienced individuals within this community. Activity during the year induded engagement with professionals and stakehDlders, alongside opportunities for care experienced veterans to Gnect with one another, including a pilot meet-up in Scotland. Early feedback highlighted the value of peer connection and the Importance of creating safe spaGes where indmduals f881 urKlerstood and supported. Vvhile this work remains at an earfy stage, il has provided a strong foundation for future development, with18arning from 2025 infomiing plans to expand sUppt and strengthen pertnershlps In the year ahead.
This work contributed to the organisalion 8¢hieving the BronzeAward wf(hin the Defence Employèr Recognklon S(eme durlng 2025. Tralnlng¥ Praetlce Improvement and Panel Actlvity Training and commissioned semce delivery remained an important area of growth thrtsughout 2025. Over 160 practitioners attended training sessions across the year, inGludiThJ PASS (Personal Advisor Skills Support) courses, custody-relaled trainirKJ, access to records learning, and workshops supporting practkionetB working with care experienced peo8 in a range of settings. Feedback from participants was consistently positsve, with praCtitnerS reporting inGreas8d confidence, improvèd understanding of the need8 of care 8xperiencEd reople, and greater awareness of rights-based approach8s, particularly in relation to access lo records and trauma4rrformed practice. In addition, panel training was delivered to care experienrRd indNiduals Seeking lo strengthen their knowledge. confideno, arKi understanding of fostering and adoption panel processes. A total of eight individuals completed th6 Irainlng and were supported to explore opportunities with fostering arKI adoption organisations seeking to strerwen lived éxperience representation vAthin panel memb8r5hrp. This work conlinues to conlribule to improved wactice across the sector, supporting morb inform&, compa$slonale, and effective suppjrt for care experienced peopl8. During the year, Rees Foundation also achieved CPD provider accredÈtation, with further work underway to accredit key training pr(Jramme8 including PASS. This development strenglh8ns thg organi>ion'8 trainiTrJ offer and 8UPPOrts continued sector credibiltty and Sustainability. Access to Re¢ords and Rights Based Support During 2025, Rees Foundation continued to strerW)en its work in relalion to acc&ss to records and rfghls-bas8d support for care expertenwl peop. Individual, per$0n-ntred support was prowded by trained and exp6ri@n¢ed practitioners. many of whom have lived experience themselves, helping care eXperiend peop16 to understa1 their rights and navigate often CoMpX access to records prOSses. This work was commissionèd by a range of local authoriiies seeking to improve the experienc8 and emotional support available to care leavers undertaking the proces8. Ask Jan Support Offer Ask Jan conlinued to provide a valuable and fiexibl8 source of ongoing support to care experienc8d people throughout 2025, with membership reaching just under 1,200 individuals. Thè platform ènables members to a5$ advice, guidance. and wellbeing support at a Ilme that suits them. offering a responsrve and sccessible route into support. Alongside this, members benefit from a wider package of support induding emotional wellbeing servi, financial guidan, and access lo specialist advic6 and re50urc8$. Ask Jan also provides opportunities for connection, learning, and engagement with Rees Foundallon's wider programmes, helping to ensure that care experienced people are ab18 to access the right support, in the right way, at the rtght time.
Fundralslng and Supporter Engagement Rees Foundation continued to benefil from a wide rgnge of fundraising and 8UPPOrter engagement activty during 2025. This included supporter4ed challeng8 events such as the Three Peaks Challenge, generously led by Aften UK. supporters from Thales and North6rn Marine, alongside partiGipants in Run for Rees and our annual Stride 4 Success event, as well as individual giving and wider communFty-led fundraising efforts. The charity is extremely grateful to the individuals, corporate partners, schools, and community groups who supported this activity. Their commf(ment, energy, and generosty not only contributed to income generation but also played an important roF8 in raising awaren8SS of the ch8rlty'S work and bullding a whjer communty of Suprt. The charity would also like to recognise the continued efforls of its invhouse Income and Development team, whose work throughout the year supported the strengthening of exlsling partnerships, development of new funding QPFthunities. and growth in sUPPOrter engagement activity a089 the organisatlon. The charity a180 benefrt8d from practical in-kind support during the year, induding the g6n6rous donation of carpel tiles for the charitws premises from Milliken. helping lo improve and maintain welcoming and sustainable environments for staff, VisitC5, and care experienced people accessing supporL This support enables the charity to remain responsNe to need, providing pctiCal and timely support to care experienced people, while continuing lo develop and strengthen ils programmes and serwces. Collaboratlon. Vtsiblllty, and Influence The charlty contin'Jed to strengthen lis ext6mal influence during 2025 through national engagement, partnership working, and contributKJn to sector discussion and practi Improvemellt. This includ8d engagement wilh the Infom)ation Commissioner's Office through the Better Records Together initiative. conln'bLrting lived experience insKJht a1 supporting wider leaming around access lo records and dats prot8clion for care experienced p80pIe. Alongslde direct 8eNice delivery. Rees Foundation continued to contrlbut8 to wider sector learning and national discussion around the experier)ce8 and long-tem 8UPPOrt needs of Care experienced people, includlng through research, participation activf(y, and partnarship worlvng linked to housing, homelessnéss, and relational practitte. Represgnlalives from Rees Foundation also attended a1 contributed to national Sector events and discussions during the year. This included participation in panel dl8cussions Ilnked to Falima's UK campaign focused on leawrwJ care, homelessness, and financial independence. This acuvlty strengthened the charity's conlribution lo wider sector learning and helped ensure that the voi¢es and experiences of care experienced plple continued to inform national conversations and practice develoK¥nenL Durfng 2025, Rees Foundation slgnfficantly expanded its national ongagement and partnership activily. Across the year, the organisation attended and delivered a wide range of ev&nls, partlcipgtion activities, local authority sessions, cElebratlon events, and professional engagement opportunities. conrleding directly with hundreds of care experienced p80pI8 and profes8ion81$ across England. 10
Scotland development progressed durfng 2025, supported by engagement at key Sector events, including attendance al the IFCO Conference in Glasgow, and through the developm8nl of fftlatlon8hips wlth Scottish organis8tions and stskeholders. This adivity has helped to build understsnding of local need, str8ngihen partn8r5hip8, and raise awarene88 of the charity's work, providing a strong foundation for fvtsjre delivery. Earfy engagement has also highlighled the value of )neCtIon and collaboration in supportlng car8 experienced people acros5 different regions. This progress, alongside successful registration with th8 Office of the Scottish Charity Regulator. positions Rees Foundation to extend its reach and b8gin io develop activity In Scotland during 2026, y Thanks I would like to extend my slncere thanks to our staff team. associates, volunt88rs, amba688dors, partners. and funders for their continued ¢ommrtment and support throughgut the year. This work is often complex aTrJ demanding, and the dedlcation, care, and profe5sionalisrn shown across the organisath)n has been central to everything we have achi8v8d. l am also grateful to Trustees for their oroc4ng guidance and 8UPPOrt. wth Ilved experience continuing to aY a fundamental role in shaping our goVemanr, diredion. and dellvery, My thanks also to ourAmbassadors for their invaluable contrtbution to the charity through their commitment, dedicatlon, and Ilved experience insight, alongskle all of the care experienced people who conkn'nue to shape and strengthen our work through ihelr feedback, participation, and lived experien¢8. I would also like lo reflect on the contrlbution of Jan Rees OBE. th8 founder of Rees Foundation, whose vision and longstanding (lM11ment to supporting care experienc8d people continues to influence the charty's work. Her belief that care does not slop at 18, 21 or 25, alongside her commitmenl to lifelong support. remains deeply embedded within the values and ethos of the organisatKJn. Looklng Ahèad During 2026, the Charity wll continue to strengthen core programme8. deepen its support for care experienced wople facing hardship, arNI build on the progress made across employability, parerting support. custody worK arKI Comrnunity-based activty. We will revllalise and relaunch the Café ConneCtnS project on a region by region basis, building on learning from 2025 to create accessib, welcoming Spaces that support connection, b6longlng, and wellbeing. Alongside this, w8 will continue to develop our employability and progression pathways, ensuring that care erienced people are 8UPPOrted to access rneaningful opportunities and achieve their potential. induding opportunities relatlng to self-eM0ym8nt. entrepreneutship, wmmunity intere8t initiatives, and wider non-traditional career pathways. The charity will also Seek to further strengthen its training and practice development offer, including working towards CPD accreditation for key training programmes. This will support continued growth in commissioned servi8 while contributing to improved practice and under8tanding across the sector. 11
We wlll begin to develDP a volunteer strategy, recognising the valuable Tole that volunteers Can play in suppoiting delivery, StnglenIng community connections, and enhancing the reach of our servlces. Building on the foundations established duriThJ 2025. we wll continue to extend our r6ach across Scotland, developing partnerships and beginning to explore More opporbjnities for dlr8ct ddiv8ry. Alongside thls, we wlll ¢x)ntinue to diversify income, strengthen partnerships, and invest in organisational capaciiy, systems, and reporting, ensuring that Rees Foundation remains responsive, sustainable. and well positioned to meet future demand. Aknlody Do¥lao- Chl&f ExecLrtive Offtcer
Rlsk Management Rees Foundation remains commiti8d to safeguarding the welfare of ft8 beneficlarfes, Staff, and wider stakeholders. The Trust8es review key risk5 regularly and erEure that appropriate controls and mitigallon measures are in place. Key areas of risk durtng 2025 included increasing service demand, workforce safety and wèllbeing, funding sustainabilty, WOT1d0r capacity, and data protection and information govemance. Tr8 charity ¢ontinues to manage these risks through financial planning, slaff support, investment in systems, and regular revlew of setvice delivery and organisational capaclty. Safeguarding remained a standing priority throughout the year. A small number of safeguarding concRms and welfare incidents were managed in accordan with the charity's 8afeguarding procedures, induding approwate liaison witt) statutory agencies where r6qulred. The charity remained committed to safeguarding c8re experien adults, children, and young Feople, while continually rewewing18amirKJ to strengthen practtce and stsff safety. Flnanclal Revtew The charity's flnancial positi¢)n Gontinued to strengthen duiing 2025. Total income for th6 year reached £1,120.297, compared wtth £878,035 in 2024. This represents a slgnificant increase in tumover 8nd reflects both continued fvnder confid8nGe and the Gharity s growing capacity to 8e¢ure and deliver funded activty. Income from commissioned seTrices t¢)talled £95,695. vthile Ask Jan membershlp inccthe totalled £72,223. Individual donations also performed stroryty during the year, contrfbuting to a diverse and sustaInae Income base. We are extremely grnteful to the Indlv]duals, trusts and foundations, public bodies, and businesses who Support th6 work of Ihe Rees Foundation, Their support enables us to provlcle opportunities arKI make a postsve impact on the lives of care 6xperienced people. We extend our deepest thanks to dl who supported us grants throughout 2025, including: AB Charitablè Trust Armed For Covenant Fund TTU6t BFBS Bimiingham City Council ChaNlies Aid Foundation Ilnkèd funding Charles Hayward Foundation Eveson Charitable Trust The Hobson Charity John Lews Partnershlp F¢)undation John Lewis Partnership Foundation. Building Happier Flrtures Fund KPMG Foundation Krfslina Martin Charitable Trust Legacy Donation, S Hopkinson National Lottery Communty Fund Persimmon Homes 13
Veterans, FoulatIOn Waitrose The Welland Trust Worcèster Bosch Worceslershire Communty Foundation, Strerothening Worcestershire Fund (in partnetEhip wlth Worcestershire County Council) A number of thes6 grants reFxes6nt multi year commilments, providing important ¢onlinuity and strengthening the organisation's a1lIty to plan and deliver longer term aGlivity, whi16 enabling flexibility aGross a diverse range of programmes. We a150 extend our heartfelt Ihanks to those who gave anonymously, and we wannly remember those who left a gift in their Vill. Their generosity has made a meaningful contribution to the tharity's work and future su8tainabiltty. Reserves Pollcy The Trustees aim to maintain unrestricted reserves equivalent to appwximately six months of es56ntlal OFeratirKJ costs. This level is Gonsidered appropriate to ensure thal lh8 Gharlty Cgn continuo to operate effectively in the event of unexpectèd changes in income or expenditure. At the y8ar end. reserves were considered to be in Ilne 1th thls pollcy. Fundralslng Statèment The charfty did not engage any third paty professional fundralsers or commercial participalors during the year. All fundrak8ing ivity was undertaken inlemally by our in- house fundrai8ing team. The charity remains committed to euring that fundraising is corKlu(#ed in an open, honest. and respectful manner, with particular care taken to protect vulnerable Feople. The Trustees monitor fundrai8ing activity lo ensur6 compliance With recognised standards and best practice, indLKllng the Code of Fundraising Practi. No complaints were received in relation to fundraisirvJ during the year. Structure, Governance and Management The charity is gover1 by its Memorandum and Artides of Association. The Trustees are rèsponsible for the overall governan stratéglc direction ofthe charity, while day to day management is delegated lo the Chief ExeGuliv8 Officer. The Trustees who served throughout the year are listed below.. Mr P Robinson (Chair) Mr M OFlara (Oeputy Char) Mr R C 8ertie Ms Z Richardson Ms K Walson Mr N Cook Tru8tees are appolnted through appropriate govemance pro$se5 and provide their lime on a voluntary basis. New Trustees receive an inducti¢)n and orwing support to enable tM to fulfil their responsibilities effectively. 14
During 2025, the organlsallon strengthened fts leadership and staffing structure in response to growth 8TrJ increasing demand, Induding enhawng senior leadership Capacity to support Servi delwery, income generation, and organisation81 development. On 31 fiAarch 2025, Rees Foundation was successfully registered with the Office of the Scottlsh Charity Regulator, supportlng the org8nl$atlon's ambition to extend its r8ach across Scotland. Going Concern The Trustees cOnser Ihal the charity has adequate resources to continue in operational 8XlStence for the foreseeable future and U*refore continue to adq)t the going Goncgm basis in preparing the financid statemert8. statem•llt of Trust808' Rospon8lblllttes The Trustees, who are also the directors of Rees Foundation for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalemenls in a¢cardance with applicab law and Untted FQngdom Accounting StaThJards. The Trustees are r8sponsible for ènsuring that proper a¢UntIng records are k&pt. that the financial statements mplY with the Companies Act 20LE, and that the assets of th& ChatY are safeguarded. The Trust86s confirm that apwopr18te accounting pollcies have been appll8d congi8t8ntly and that reasonable and prudent judgements have been made. Approval 7he Trustees, report wa8 approved by the Board of Tru8tees. n behalf of the Board: Mr P Robin80n Chalr of the Btsgrd of Trustees 15
Reeg Foundatlon Indopendènt Audliorf8 Report to the Membern of Re Foundatlon Oplnlon We have audited the flnanck41 statements of Rees Foundation (the 'charity'l for the year ended $1 December 2025, whth comprise the Stslemenl of Finanal AclNili8s, Balance Sheet, Stalemgnl of Cash Flows, and Notes to the Financl81 Stalemenis. Includlng 8 sumrnary of signlflcanl accountlng pollcies. The Ilnancial reporting Iramework Iha; has been applled In thetr preparation is Unlled KIngdO AGcounting Standards, comprisiig Chaiilies SORP - FRS 102 The Financial Rep¢xUng SlarKlard appliGable in the UK and Republic of Ireland, and £Wtcab law (United Kingdom Gonerally Accepted Accounting Praclicel. This report is made solety lo the ch-rliable companys bwslees, as a )dy, in accordanGe wlh Chapter 3 of Part 16 of the Companies Act 20C6. Our audit wort( ha5 been undertaken so that we mlght stalE to the tharity's ISteeS Ihose nTrtters we are required to stste to them in an auditorfs report and for no other purposè. To the fullest extent pemiltted by law. we do not accept Dr assume responsibility lo ar.yone other than the Char[t company and its trustees as 8 body, for our audit work. for this report, or for the opinions we have fomie In our Dpinion th8 financial slal8rnents'. glv& a true and falr view of the state of the charity's affairs as at 31 December 225 and of 118 resuf(s for the year then ended., have b8en property prepared in aLxordanc th Unit8d KlngLm Generalty Acce Accountlng Pr&lice,' and have Wn prepared In accordance with the wuirements of the compani Act 20C6. Ba818 for oplnlon We conducted our audit in accordancè Vilh Intemabonal Standards on ALKlillng (UK) (ISAS IUK}l and appIable law. Our responsibilities undei those standard$ are lurthgr descrited in the Audllorf¥ re8ponslbililes IDr the audit of the financial statements section of our reporL We are independent of th6 Charity in aGGordance with the ethical requirements that are rebvant to our audil of the financial statements in the UK. including the FRC'S Ethical Standard, and we have flEil5ed our other elhlcal re$ponsibilities in a¢¢ordance these requirements. We beli8ve that thè audit OV8nCe we havB obtalned is sufficionl and appropriate to prode a bask8 for our opin. Conclu81ons r8tatlng to going concom We have nolhlng to report In respect of the folcy+Jlng matters in r8]atiom to which the ISAS (UK) require U8 to report lo you where.. the trustee3 use of the golng ccfficem basis of acpAJJnting in Ihe wepafalion of the financial sl8tements is not apprcpri8le'. or the trustees have not disclosod in the finar,cial statements any ldenttfij material uncertainties that may casl slgntficanl doubt aboui the charity's thlity lo continue to adopt the going Concern basis ol accounting for a period of al16ast Iwefve months from the data when the flnancial stalemgnts are aulhorised for issue. Other Infomiatlon The trustees are responsible for the cAher informall. The other infomialion comprises the Information included in the annual report, oF.rr than the financlal statements and our audrtor's report Ihereon. Our opiniDn ¢n the ftnanck41 statements does not (x)ver the other infom8tion and, except to the extent olherwse explldly $laled in i)ur report. we do nc oxpress any form of assurance corKausion Ihorw)n. Page 16
R995 Foundatlon Indopendont Audltotrs Report to the M¢mbeTr of ReeB Foundatton In COnnOn with our 8udll of the financial staleffÈnts, our resp)nsibility 15 to read the other information and, in dolng $0, Mnsider whether the other forMa.On is malerialty inconsistent with the financi81 statements or our kn8dge obtained in ,e audit cr otherwise appears to malerlally misstated. If we idgnufy such rnaleri81 inconsistencies or apparen; material misstslerr.Bnts. we are required lo determine whether there Is a material misstatement In the financial stslements or a mat8rlal missta18ment of the oth8r information. If, based on the work we hav& perfMed, we conclude that there Is 8 material ml851atemenl of Ihis other infom)ati¢)n, we arg rW4uIr to roport that fa¢L We have nothing lo report in this regard. Oplnlon on other matterd prescrfbed by the Companlgs Act 2006 In our opinion. based on the worf( undertaken in thé course of thg aLKI the Inform8tkJn gNen In the Trustees, Report for the financial year for which the financlal 8t8lemfrnts are prepared is cons sleit wlth the financial statements., and the Tw$tees' Report has prepared in accordan¢e wrth ap[AlblO legal roquirements. Matter8 on whlch we ar8 rnquked to report by exceptlon In the light of our knOedge and underst8nding of the company and Its enwronmenl obtalned In lh¢ ourse of the audlt, we have not Id8ntifi8d material misslat8ments in tho Trustees, Rewrt. Wo have nothing to report in re8P8Ct of Ibl8 followng matters where the CLNnpanles Act 20C6 requlre8 us lo roport to you If, In our oplnk)n: equate accounting cOrdS have not been kep( or reiums adequate for our ?udtt have not been received frorn branGhes ml SIted by us" or the ffnancial statements are not in agreement vAth the aLxounlrq records and retums: or certain dis¢losures of trustees remuneralK)n sPer1 by law are not made,. or we have not recefved all the hIalOn and expl8natiorts r8quir8 for our audiL Rosponslbllltle$ ol truste As oxplained more fulty in the Statement of Trustees. Responsibli:i8s Is81 out on page -11. the trustees are resp(81 le lor the preparation of the finar.cial 8ts1ements and f( being satisli8d that they give a true arKI fair wew, and for such Intem?I control a5 the trustees detemine is necessary to enable the preparation of financial slalements that are tree from matertal misstatement, whether du8 to fraud or emr. In preparing the financi81 stslemenls, the trustees are reswnsible for asse8sing the charlty's ability to onlinue as a g¢ing concem, disdosing, as appl19, matters lated to going concern and uslng the golng concem basis of accounting unless Ine trusiees e'.ther intend to liquKJate the charfty or to cease operation8, or have no reaistic allwnalive ljut to (lo so. AudltoW8 rnspon8lbllttlg8 for th• audlt of the flnanclal slatemènts Our objectives are lo obtain reasonable asslfrance about whether thè financial statements as a wholo are free from material misstaleTrent, whether due trj fraud or error, and to issue an auditor's report that includes opinion. Reasonable assurance is a hMJh level of assurance, but is not a guarantee that an audit conducted in accorda wth ISAS (UK) w1 aayS detect a material mlsststement when it e51s. Misstatements can arise fraud or error and are considered material il, Individually or in the aggreg8te, they could Teasonably be gxpect&J lo influence the 6OrMiC dedsions of us8rs tsken on the basis of these finan(ial statements. As part of an audil in accordance ISAS (UK), we exerclse professk)nal judgement and maintain profo8slonal scepti¢ism throughout the audiL We also.. Page 17
Rees Foundatlon statement of Flnanclal Actlvltles for thg Ygar Ended 310ecember 2025 (Including Income and Expèndlturn Account and Statement of Total Re¢ognised Galn8 and L[) Unrestrlctgd Rostrktgd lund8 funds Total 2025 Note Incom6 and Endowments from: Donations and legacies Chorltaue a¢tiviles 448.636 157,807 502.403 11,250 951,239 ie9,057 Total Income 6C6,643 513,653 1,120,296 xpendlture on,, Charitsble aclivwes Other expenditure Total Expendtture Nel (expendibJrelllnrome Transfer8 belthen fvnds (546,345} 110,396 (319.2591 9,755 1865.6041 120,151 656.741 329.014 985,756 {50.0981 312 184,639 312 134,541 N81 movement in funds {50.4101 184,951 134,541 Roconclllatlon of funds Totsl ftjnds brought forward Total fund8 Carr fon¥ard 405,811 8,314 414.125 17 355,401 Unrestrlctsd fund8 193265 Restrlcted funds 548.666 Totsl 2024 Noto Incomo and Endowments from: Donations and legacie5 Charitable acllvil'es Other Irwme 608,157 198,205 531 71,141 679,298 198,2D5 531 Total Income 8C6,893 71,141 878,034 Expendlture on.. Charitable 8ctivi*'es other expenditure Total Expenditure Nel Income1(expeIl1UrQI Transfers between fijnds 1646,1431 1103,7761 16,817 {749,9191 106,019 735,345 120,593 855,938 71.548 667 149,4521 667 22,096 Nel movement In ftjnds 70,881 {48,7851 22,096 Reconclliatlon of fund¥ Totsl funds bjht forward Total fuwJ$ ¢arried fo[r &34,930 57.099 392 029 17 405.811 414,125 l of the ¢h?rity's aelNities from continuing OFeralions during the above ttvo periods. The funds breakdown for 2024 is shown in note 17. Page 19
Rees Foundatlon (Roglstratlon numbgr: 082182791 Balanc8 Sh8Ot a$ at 31 December 2026 2025 2024 Nots Flxod assvts TangiNe assets Current a8SOtB Debtors Cash at bank and in hand 14 6,624 S,427 15 43,3tr2 607,299 650.661 108,619 27,661 553,475 581,136 rgdltorn: Amoun18 falllng due wtthln one yr currènt a$s8ts 16 173,438 542,D42 548666 407,698 414,125 N•t aS86t8 FurKth of the charlty: Ro8trf¢ted fund8 193.265 8,314 Unrestrl¢ted Income funds UnreStrted funds 355.401 Total funds 17 548,666 414.126 Th8fi ancl I slatemer,ts on pages 19 to 34 *ere approved by Ihe trustees. ar authorise(J for l$sue nd signed on Iheir behalf by. Mr P J Robinson Trustee Page 20
R•oÈ Foundatlon statomgnt of Cash Flows for thè Year Endod 31 DB¢èmber 2025 2025 2024 Nots Ca8h flow8 from operallng actlvltl88 N81 cash income 134.541 22.096 Adjustments to cash flow8 from nonwca8h ftem8 Depreclallon Amortisalion L05s on dlsposal of tangibb ffixfjd assets 3,949 4,644 276 138,490 27,897 Worklng ¢apltal odju4tments InoTea58 in debtors Increase In credilors (DecreaseKincrease in deferred income Nel ca8h fflows from operating actt Cash flow8 from Inv¢stlng adlvltlg5 PuFGhas8 of tangibb fixed assets Net Increase in cash 8nd cash 94Utval8nts Cash ¢a8h equfvalents at 1 January Cash and cash equNaknts al 31 t)wnber 15 16 (15.701) 16,234 81,053 111.6501 1,682 71,549 57.970 89.478 53,824 553.475 88.848 464,627 553 475 607 299 All of the cash flows are derived from continuiNJ operalions duiing the al)ovè iwo periods. Page 21
R80s Foundatlon Not95 to th8 Flnanclal Statomonts for thg Yr Ended 31 Dembar 2025 1 Ch8rlty 8tatu8 The charty is a chadty Ilmited by guardntse and consequentty doe5 not hav8 share capital. Each of the Iruslees is Ilable to Gonth'bute an arrDunl not excling £10 towards the assets ol Ihe charity in the event of liquidation. Tho charfty has taken adntage of exemption avaiLqbEe to dlspense th the word 'limited' after Ils name. 2 A¢countlng poll¢l¢s Summary of &lgnSficant accountlng pollctos and key accountlng ostlmatos The principal acGounts'ng pdiGtes app'.i8d in the weparatson of these financial statomgnls are set out low. These [x)Ilc9 have Lwi cor,sistenty applEd trJ ail the y8ars presented. unless otherwise slateé. Siatfjmgnt of ¢ompllance The financlal statements have been prgparwj in accordance vthh Accounting and Roporting by Charities.. Stslement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting SlatKlard applicable in tha UK and Republic of Ireland IFRS 1021 leffective 1 January 2019) - (Charitie5 SORP IFRS 12)), tha Financial Reportlng Strdndard appllcabte in the UK and Republic of 1fek81 (FRS 102) and the Gompanies Act 2008. B8s18 of preparjtlon Rees Foundation meets the definitk)n Of a publ benefft entity under FRS 1 02. Assets and liabilitles are initially rec(4nised al hi$tortC81 )st or transaction Wdlue unless olherwse stsled in the relevant accounting policy notes. Golng concern The trustees consider that there ar8 rN) mater[ unCertaintS about the chariws abllity to continue as a going concern nor any sKJnrficant areas of uncertainty that affect thg carrying value of assets held by th& charty. Income and enilowmonts Incorn8 18 r8cognised when the charity is legalty entilled lo it after any p8rfomiance conditions hav8 been mel. the amounts can be measured reliabty, and it is probable thal in¢rMne will be rèc&ved. Donatlons and1ggaclg5 Cash donalv)rss are re¢tJgnis8d on reGeipl. donations are recognised once the charity has been notified of the donation, nIS parformance conditions require deferral of IhB amounL Income tay ¢overable in ladon lo donaLons rece under Gfft or deeds of covenant rccognised al th8 time of the donation. Legacies are recognised on receipt or othemse ir the charity has been notified of an imp8nding (listribution, thè amount is known, and receipt is exrthl. If the amount Is rK>t known, the legacy is treÉted as a contingent asset P8ge 22
Reg8 Foundauon Notes to the Flnanclal Slat•m8nts forthe YMr Endgd 31 Dgcemb8r 2026 Grants r¢celvable Grant8 are recognised when the charity has an entikment to Ihe funds and any conditlons link to the grants have been m81. Where FerfOrMa ¢ondttions are attached lo thè grant and a yel lo be mel, the income 18 recognised as a Ikqbility and incjuded on Ihe balance sheet as deferred income to b8 rd8as8d. Expendltur• All expenditure Is recognised once there is a18gal or construclN8 obligation to that expenditure. il is probable selltemenl is requtred and the amount Can be measured reliably. Ml coBts are allocated to the 8pplicablo expenditure heading that aggregate simikr costs to Ihat category. Where costs cannot be dlre¢ty attrlbuted to particular headgS they have been allats Dn a ba818 conslslènl with the US8 of resourc8s, with Gentral staff cxjsts alkated the basis of Ilme spent, and depr8ckllDn charges allixated on the portion of the assevs use. Other support costs are albcated based on the spread of staff costs. Charftablg acllvhlos Charitable expendilure ¢omprises those costs incurred by the charity in the dellvery of ts 8ctiwlies and Services for ts beneficiaries. 11 includes both ¢osts that can be allc¢ated direcdy to such activi11gS 2nd those C4)Sts of an IndiCl nature necessary to sUprt them. Grantprovlslons Provisions for grants aro made when the kntention to make a grant has been communicated to the reclpienl but there is uncethnty about eith8r the timing of the grant or th8 amunt of grant payable. Support costs Support costs inGlude Gentral fvnGtions and have bgpn all[ated to acfvity c05t categories on a bas1$ consi81ent th the use of resour, tr examplo, allting Droperty ¢osts by floor areas, or per capita, staff costs by the Ume spent and othei costs by ther usage. TaxatEon The charty is considered to pass Ihe tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and Ih8reforg it meets th8 definllion of a charitable company for UK corporallon tax purwses. Accordingly, the charity Is polentialty exempt from tsxation In respect of income or capital gains re¢&ed wllhln categories ¢overed by Chaple." 3 Part 11 of the CorF()ration Tax Act 2010 or seCtn 256 of the Taxat of Chargeabb Gains Act 1992. to Ihe extenl that such income or galns are applled exclusively to charftable purposes. Tanglblv assets Indlvidual fixed ass8is are initlalty recorded at cos(1&4s any subsequent accumulated deprecralion and sutMequent accumulated ImpalmnI losses. The gain or loss arising on the disposal of an as3el detemiin&l as the differencg between th8 sale prOe$ and the carywng value of the asse( and is reccgnised in the statement ol financlal actNities. Amortlsatlon Amorti$8lion 1$ provided on inlanlble fixgd assets so as to write off the cos( le88 any estlm81 sidual value, over their expected useful ectrle life as folkws.. Page 23
Rees Foundatlon Notes to the Flnanclal Statements for thg Year Ended 31 Dec8mb8r 2025 Asset cla58 Software Amortlsatlon method and rat0 25% stralghl line Depreclatlon and amarttIon Depreciation is provwjed on tangib red wèls so as to write Dff th& cost or Valuatn, les$ any estlmatsd re8hau81 v8lu8, over their eXpted usefvl MiC life as foilows.. Assèt class offi equipment Dgprgciation mothod and ralg 25% strabhl line Impalrment of flxed a$8et8 At each reportiro end d8te, the Ghority reviews the carryng amounts of ts tangible and intanglble assets lo determine whether there k% any 1rwjicatJn that those assets have suffered an impalrment loss. 11 any such indicakn'on eSts. Ihe recoverable amount of the asset is estimated in OTder to determine the extent ol the impairmenl kJs51rf8nyl, Tradg debto Trade debtors are amounts due from customern for merchandise sotd or servtes perfomed in the ordinary course of business. Trade debtors are recognised initially al the Iran8aGlitsn price. They are sub8equenUy rneasured at amar1ed co81 uslng the effeclnie interest methcl, less provision for impalmenl. A provision for tho irnpaim*nl ol trade debtots is estsblished Nkn8n there is obj'ective evidence that the charity will rK)t b8 able to coll8cI all amounts due accordi4g to the original terms of the receivables. Cash and cash equlvalants Gash and cash equivalents comprise cash on hand and call deposits, and other short-lerm hlgh liquid investments that are Teadlty COnverUb to a known amount of cash and are subject lo an inslgntlThnt Nsk ol change in value. Tred6 credltors Trade creditors are obligations lo pay or servke8 that have been acqulred In the ordlnary ourse of business frc¥n suppllers. Accounts payable are dassified as cuNenl1obilllies il the charlty d5 not have an unconditv)na1 riuht, al the end of the reporting period, to defer setU8m8nt of the creditor for al least e1ve months after the repDrJng date. If there is an unconditlonal right lo defer settlernenl for at least Vee months afteT the reporting date. they are prèsented as non¢urrènt Trade credttors are recognised InallY at th8 IransaGbon pr@ and subsequenuy measur8d al amortiS8d cost using Ihe eff8Ctwe inl2rest method. Page 24
Regs Foundatlon Not88 to the FSnanclal Ststfjmfjnts for the Year Ended 31 D¢cembor 2025 Borrowlngs Inleresl-bearlng bOrrngS are initiaty recorded at falr value. net of transaction costs. Intere81.bearing ly)rrwngs are sub5equentty carried at amorbsed L%ist, wlth the dlfference between the Prr8eds, net of transaction costs, and the amount due on redernption being recognwd as a charge to the Statement of Financial Athitie8 over the period of the relevant borrowing. Inte$t expense is recognised on the b85 of the effective inthst method and is inclLMlgJ h inleresl payable and similar charg95. Borrwngs 8r& cla89ified as current liabilitss unless the chaty has an Uncondon?1 rfghl to defer settment of the Ilability for at least tryea months after the rer#Nting date. Fund 8tructu Unreslrlcled incomè lunds are general funds that are availabl8 for use al the Irustees's dtscrelion In rtheTrnce of the objectives of ihe ch8rlty. Dosignaled furKJs ¢omprise funds set as8 Out of unrestricted InMe by th8 trustees for th& furtherance of particular aspects of the charitys objects. The trustees may, 81 their d18crekn., reallocate these funds back to the general fvnd. Resthcted funds can only be used fLY pathuLgf restricted purp05e5 within the objects of tho charity, Restrictlons arise when specified by the donor or when fvnds a ralsed for particular restred purposes. Penslons and other p08t Yetlrement obllgatlons The charitable company operaies a defhned c¢y)tsibuth)n w)sion scheme. Contributions payable to the ¢harilable company's pslon scheme are charpj to th8 Stathent of Financlal Actniities in Ihe Pgriod lo which they relate. Flnanclal Instruments The charitable company onty has financBI assets and finanal liabiS11ies of a kind that quallfy &8 basSc flnancial instrurnents. Basic financial instruments We InallY r8cKgnised 01 transactton value and subsequenljy measured at their setuement value. Page 25
Ree8 Foundauon Not¢$ to the Flnanclal Statsments for the Year Ended 31 Docgmbgr 2025 3 Income from donatlons and legaelès Unrestriotsd fund5 RgstrfctBd funds Totsl 2025 Total 2024 General Other geriefftl gfftnts Other general grants The We118nd Trust 502,403 5¢y2,403 60,000 71,141 26,895 566,280 60,CK)O 356.985 Grants 416.985 664296 Corporate donatn8 Trust & Charty donallon8 Indwtdual donations 7.380 8,771 1,000 5,231 24,471 Donatk)ns and Gifts 31,851 448.838 15,002 679 298 51f2,4D3 951.239 4 Incomo from Charltable a¢llvlf505 Unrestrlcted funds Tolal 2026 Total 2024 General fijnds Other income 'Ask Jan, membership income 85,584 72,223 157,807 11,250 96,834 72.223 169,057 115,913 82,292 198,205 11,250 Page 26
Rg8s Foundatlon Notes to thg Flnanclal Statgrngnts for the Year Ended 31 Decèmber 2025 S Expendlturo on charltable actlv5tle8 Unr88ts1cted fundts Restrlctgd fvnds Total 2025 Total 2024 General Care 9XF¢Tn¢ed ambassadors Panel w(Kk costs Financial 8UPPOrt Trav&1 and subslslen¢e Wellbeing se5sn cosls 'Ask Jan, m8mbershlp tt)sts Arts other projects Grant fundlng of actwities Staff costs 5,873 405 41,941 14.558 18,670 14,S95) 380 6.253 7,802 1,430 35,409 13,249 13,181 8,511 20 41, 18.550 31,1 4,834 6,4e3 65.189 690,948 12,331 9.430 6,463 60,056 610281 405.108 546,345 319,259 865,604 749,919 6 othor pxpendtturg Unmtrlcted RestTlcted fund8 Total 2025 Total 2024 Genornl Allated suppcrt and governance costs 9.755 120.151 120 151 110,396 9,755 108,019 Page 27
Rges Foundotlon Note8 to tho Flnanclal 8tatemgnts for tho Yoar Ended 31 Dgcembèr 2025 7 Analy8ls of support costs Othgr $upport costs Total 2025 Total 2024 of allocatlon staff costs time Use ol assets Use of premts Esttmated usage Personnel 5.518 5,518 6,820 Deprlstk>n anij 2morb8alion 3,949 3,949 5,801 Rent, r*es and utilities 12,tsJO 12,098 Admln 8nd sundry expenses 45,150 45.150 38.713 Staff trainlng and wents 6,005 8.OL)S 3.274 Nature of Adv981ng. markellng and netsM)rking cost U8wJe of premises Pro rata to 20,580 20,58a 23,722 Insurance 6,gJ8 6.908 5,476 Bank charges Legal and profession81 Account8noy fees Audit fe¢s 997 7,184 3,133 2,769 4,215 Govemance Govemance 7.184 120,151 120 151 8 Grant4naklng Anoty81$ of grants Grants to Indlvlduals 202S 2024 Analys18 Grants payable 85.188 Page 28
Rees Foundatlon Notss to the Flnanclal Stat&mgnts for th• Year Ended 31 Dècembgr 2025 9 Not Incomlngloutgolng Tosoufc95 Nel inccKniro resources for the year include.. 2025 2024 Loss on dl$posal of tangible frA¢d 8ssets Depreclallon of fi'xed assets AmortisalDn of goodwill Independent examiners fees Audllors fees 276 4,644 881 4,215 3,949 11,860 10 Trusts r9mungratlon and gxpensgs None of the tNstees {or any persons c>Jnnected with them} recefved any reMUraOn fur the y8ar {2024', £Nill. Six trustees were reimburs[ expenses during the year totalling £1.670 (2023.. £1,655) r8tsllng lo travel ¢05ts and sundry other costs. R8es Foundation was relmbursed expenditur8 Urred durfng the year on behaw of trustee8 of £NII 12024.. £NIII. As al 31 Decemb8r 2024. there is a balan(* of £Nil OW to Ree5 Foundatr)n (2024: £NIll. There were no otheT transacltons vrith biJ8tees during the curfenl OT prior year. Page 29
Rees Foundadon Not98 to thg Flnanclal Ststoments forthe Year Ended 31 Decembor 2025 I q Staff ¢osts The aggregate payrcAI costs were as folkjws.. 2025 2024 Wages and sal8rie¥ Soclal securfty costs Pension costs 604,787 61,893 24,268 690.948 535,901 49,798 24,582 810,281 Thg monthly average number of peTsons (indjIng senw Manag)ent team) employ8d by the charity during the year expressed as lull tirne equNaknts was as folbws: 2025 2024 Average monthty number of empbye8S 20 17 Th8 charitable Mp8nY operates a defined contribulbn pensbn scheme for all qualifying gmployoes. The assets of the scheme ar& hebj sepafately from those of the ¢harlty in an Ind8p8ndenlly administered fund. The charge lo profft or b85 In reskxt of Ihe dèffined ntribUtiOn scheme £24,268 {2024". £24,582). The nUrnb of plOy8S whose annual remuneration (excluding employer pension costs and employerfs nalional InsurafTrce costs) was W),OW or more were: 2026 2024 No £60.001 - £70,000 £70,001- £80,000 £80,001-£90,000 The lolal employee knefits of th8 key Manement pernnnel of the charity were £188,181 12024 - £272,545). Page 30
Re08 Foundatn Nottss to thè Flnanclal StatsTnents for the Yeor Endod 31 Decembgr 2025 12 Toxallon The charfty 15 a rogist8red charity 8nd is ther8foT8 exempt from taxatKJn. 13 Intsnglble ltsed Software Total Cost Al 1 January 21Y25 Ai 31 December 2025 5,965 5.965 s,5 5,965 Amortl$atlon At l January 21Y25 Al 31 D8cEmber 2025 5,5 5,965 6,5 5,965 Not book value At 31 De¢ember 2025 Al 31 Decembgr2024 14 Tanglblo flx8d as$¢ts Furnlture and equlpment Total Cost Al 1 January 2(Y25 Additions 22,895 4,146 22,895 4.146 At 31 December 2025 27,041 27,041 Deproclatbn Al l January 2025 Charge for the year Al 31 December 2025 16,468 3,949 16,468 3,949 20,417 20,417 N&t book value Al 31 DeL*mbeT2025 6,624 6,624 At 31 December 2024 6,427 P•J031
Rees Founqlatlon Note8 to the Flnanclal Statomonts for tho Year Ended 31 Dè¢embgr 2025 15 Debtor8 2025 2024 Trade deblors Prepayments Accrued incomè Other debtors 1,420 9,441 29,950 2,551 43,362 20,519 4,382 27,861 16 Credltor8: amounts falllng duo wlthln on8 year 202S 2024 Tr8de cr8ditors 0th8r taxation and sock?1 securfty Other creditors Accruals Deferred irKome 29,125 19.538 10,270 28,493 21.193 39,279 14,212 5,944 11.757 102,246 108.619 173.438 Deferred Income comprises Income received In Telallon lo futu* years from members who have subscrlbed ID'A5k Jan, mernbershlps. These are variable in length from 175 days lo 12 month5. Page 32
Rogs Foundatlon Notes to thg Flnanclal Stat6mgnts ft)r the Year Endèd 31 December 2026 17 Funds Balanc8 at 31 Dtrcomber 2026 Balancg at 1 January Incomlng Resources 202S resourc expènded Transfers UnT8Strlctod funds Genor81 Unrestrictgd 405,811 6C6,643 (656,7411 (20,3121 335,401 D19n•t&d Webslte devek¥menl Total Unrestrlctgd funds 20.000 20,000 405,811 6C6 643 656,741 312 355 401 Restrfclod fund8 John Lewi5 FndatIOn- Futuro M8 Eveson Tnst ctiarles National Lokn Community Fund Slr8ngthening Worcester Lottery- Care for Care Leavers JLF Happier Futures Blrmlngham CC- Fami Hub Amied For¢e5 Convenlry Fund Veterans Foundall¢)n Hob80ns Charfty Coventry Pathways CAF- Future Me Lottery Cafe Connect BFBS ca to Connect 12,5751 10 6,829 40,5¥7) 28,155 25.&)0 (38,3271 {7,7161 (22,2LI 312 20,449 9,623 4,050 (3,CK151 {4,9091 1,045 136,627 19.242 {97,9471 112.7391 38,680 6,503 67. {49.083) 18,423 19,767 29,820 {19,5371 {22.223) 16,4601 (7,4421 137,4211 230 7,597 11,250 100.01)0 19,446 4,791 3.808 62,579 19,446 4.791 Total re8trlcted fund8 8,314 513,654 329,015 312 Totsl funds 414,125 1120.297 L S48,666 Page 33
RO Foundatlon Notas to thg Flnanclal Statemonts for tho Yoar Ended 31 Dqc6mbor 2025 Balanco at 31 D&cembor 2024 Balance at 1 January Incomlng Resourc8s 2024 resource8 expended Transfer8 Unrn8trlctsd funds Ggnar81 Unrestricted 334.930 806.893 {735,345) 16671 405,811 Re8trfcted funds Nationd Lottery C¢)mmuniiy Org John Lewi8 Foundation - Future Me Evgson Trust Charle8 Haard National Lottery Communlty Fund 676 29.054 {30,4371 707 37,8 18,455 140,5031 (18,4451 (15,T11) {40) 12,575) 10 6,829 19,487 15,437 4,050 Total rtrIcttsd fund$ 57.099 71.141 120,593 8,314 Totsl funds 878,034 855,938 414.125 18 Analysls of not aB8ets between funds Unrestrlct9d funds Rostricted funds G8noral D¢8lgnated Total fund8 Tangible frA8d assets Cunenl assets Current liabilities 6.S24 437,396 108,619 335.401 6,624 650,661 108,619 548,666 20,OC 193,265 Total nel assets 20,000 193.2S5 19 Analysts of net funds At31 Docomber 2025 Ai 1 January 2025 Cash flow Cash at bank and in hand 553.475 53.824 607,299 Net debt 553,475 53.824 607,299 20 Rglatèd party transactlons There were no related party tran5a¢tN)ns In the year. Page 34