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 Rot4r￿On
Mr R C Bertie
Mr M O'Hara
Mrs Z R￿hardSOn
Mkqs K J Walson
MrNJCook
Mrs H How¥dJones (appoint￿1 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
DrO1￿￿h
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 rep￿t 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 pu￿1¢ 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 unem￿0yrnent
promote lh8 Swi81 Incluslon amory ben￿darieS 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, em￿oyabl1ify 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 I￿h1 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, parti￿pation, 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
benefi￿ary 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 F￿0ple 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 $trer￿en its national profile through partnership working,
community engagement, training activty, and external influence. Stakeholder engag￿enft
expanded during the year, strengthening relalionships with local authoriti88, universiti@$.
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, Well￿1ng, and inclusive practi￿.
IT and Infrastructure
The tharlty continu8d lo support a diverse and 6UStainable workforce tlyough remote and
hybrid wor￿ng 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 InClu￿Ve 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 med￿lne. digital marketing, creatlve
Industries. beauty, tattooing, dog grooming. e￿ctrical 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
I￿OrkS 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 eXperien￿d 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, part￿ularlY 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¢￿$S1￿￿e 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
COnf￿enCe, 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 Con￿tiOn. 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 sesS￿n$, 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 G￿nect 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 sUpp￿t 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
peo￿8 in a range of settings.
Feedback from participants was consistently positsve, with praCtit￿nerS 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&gtion'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$0n-￿ntred support was prowded by trained and exp6ri@n¢ed practitioners.
many of whom have lived experience themselves, helping care eXperien￿d peop16 to
understa￿1 their rights and navigate often CoMp￿X access to records prO￿Sses.
This work was commissionèd by a range of local authoriiies seeking to improve the
experienc8 and emotional support available to care leavers undertaking the proces8.
Ask Jan Support Offer
Ask Jan conlinued to provide a valuable and fiexibl8 source of ongoing support to care
experienc8d people throughout 2025, with membership reaching just under 1,200
individuals. Thè platform ènables members to a￿5$ 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 Sup￿rt.
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 a￿089 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, VisitC￿5, and care
experienced people accessing supporL
This support enables the charity to remain responsNe to need, providing p￿ctiCal 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 a￿1 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 a￿1 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 p￿lple 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 ConneCt￿nS 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 e￿rienced people are
8UPPOrted to access rneaningful opportunities and achieve their potential. induding
opportunities relatlng to self-eM￿0ym8nt. 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 servi￿8 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, St￿ngl￿enIng 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
sustaIna￿e 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, Fou￿latIOn
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 a1￿lIty 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 V*ill. 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 e￿uring 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 gover￿1 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 t￿M 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 cOns￿er 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& Cha￿tY
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 $1
December 2025, whth comprise the Stslemenl of Finan￿al AclNili8s, Balance Sheet, Stalemgnl of
Cash Flows, and Notes to the Financl81 Stalemenis. Includlng 8 sumrnary of signlflcanl accountlng
pollcies. The Ilnancial reporting Iramework Iha; has been applled In thetr preparation is Unlled
KIngdO￿ AGcounting Standards, comprisiig Chaiilies SORP - FRS 102 The Financial Rep¢xUng
SlarKlard appliGable in the UK and Republic of Ireland, and £Wtcab￿ law (United Kingdom Gonerally
Accepted Accounting Praclicel.
This report is made solety lo the ch-rliable companys bwslees, as a ￿)dy, in accordanGe wlh
Chapter 3 of Part 16 of the Companies Act 20C6. Our audit wort( ha5 been undertaken so that we
mlght stalE to the tharity's I￿SteeS Ihose nTrtters we are required to stste to them in an auditorfs
report and for no other purposè. To the fullest extent pemiltted by law. we do not accept Dr assume
responsibility lo ar.yone other than the Char[t￿ company and its trustees as 8 body, for our audit
work. for this report, or for the opinions we have fomie
In our Dpinion th8 financial slal8rnents'.
glv& a true and falr view of the state of the charity's affairs as at 31 December 2￿25 and of 118
resuf(s for the year then ended.,
have b8en property prepared in aLxordanc* th Unit8d KlngL**m Generalty Acce￿ Accountlng
Pr&lice,' and
have Wn prepared In accordance with the wuirements of the compani￿ Act 20C6.
Ba818 for oplnlon
We conducted our audit in accordancè V*ilh Intemabonal Standards on ALKlillng (UK) (ISAS IUK}l and
appI￿able law. Our responsibilities undei those standard$ 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 flE￿il5ed our other elhlcal
re$ponsibilities in a¢¢ordance these requirements. We beli8ve that thè audit OV￿8nCe we havB
obtalned is sufficionl and appropriate to pro￿de 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 ldenttfi￿j 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.r*r 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 COnn￿￿On with our 8udll of the financial staleffÈnts, our resp*)nsibility 15 to read the other
information and, in dolng $0, Mnsider whether the other ￿forMa￿.On is malerialty inconsistent with the
financi81 statements or our kn￿8dge obtained in ￿,e audit cr otherwise appears to ￿ malerlally
misstated. If we idgnufy such rnaleri81 inconsistencies or apparen; material misstslerr.Bnts. we are
required lo determine whether there Is a material misstatement In the financial stslements or a
mat8rlal missta18ment of the oth8r information. If, based on the work we hav& perf￿Med, we conclude
that there Is 8 material ml851atemenl of Ihis other infom)ati¢)n, we arg rW4uIr￿ to roport that fa¢L
We have nothing lo report in this regard.
Oplnlon on other matterd prescrfbed by the Companlgs Act 2006
In our opinion. based on the worf( undertaken in thé course of thg aLKI
the Inform8tkJn gNen In the Trustees, Report for the financial year for which the financlal
8t8lemfrnts are prepared is cons sleit wlth the financial statements., and
the Tw$tees' Report has prepared in accordan¢e wrth ap[Al￿blO legal roquirements.
Matter8 on whlch we ar8 rnquked to report by exceptlon
In the light of our knO￿edge 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 sPe￿r￿1 by law are not made,. or
we have not recefved all the hI￿alOn 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(￿8￿1 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 appl￿19, 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) w￿1 a￿ayS detect a material mlsststement
when it e￿51s. 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 6￿Or￿MiC 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(expe￿Il1UrQI
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 b￿￿jht 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 y￿r
currènt a$s8ts
16
173,438
542,D42
548666
407,698
414,125
N•t aS86t8
FurKth of the charlty:
Ro8trf¢ted fund8
193.265
8,314
Unrestrl¢ted Income funds
UnreStr￿ted funds
355.401
Total funds
17
548,666
414.126
Th8fi
ancl I slatemer,ts on pages 19 to 34 *ere approved by Ihe trustees. ar￿ authorise(J for l$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 Y￿r Ended 31 D￿embar 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 exc*ling £10 towards the assets ol Ihe charity in
the event of liquidation.
Tho charfty has taken ad￿ntage 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)Ilc￿9 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 1￿2)), tha Financial Reportlng Strdndard
appllcabte in the UK and Republic of 1fek8￿1 (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￿[ unCertaint￿S 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, ￿nI￿S 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 exr*thl. 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 head￿gS they have been all￿ats￿ Dn a ba818 conslslènl with the
US8 of resourc8s, with Gentral staff cxjsts alk￿ated 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 Indi￿Cl nature necessary to sUp￿￿rt 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, all￿ting 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 seCt￿n
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 Impalm￿nI losses.
The gain or loss arising on the disposal of an as3el detemiin&l as the differencg between th8 sale
prO￿e￿$ 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 ectr￿le 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 amart￿*tIon
Depreciation is provwjed on tangib￿ r￿ed wèls so as to write Dff th& cost or Valuat￿n, les$ any
estlmatsd re8hau81 v8lu8, over their eXp￿ted 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 1rwjicat￿Jn that those assets have suffered an impalrment
loss. 11 any such indicakn'on e￿Sts. 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
amar1￿ed co81 uslng the effeclnie interest methc*l, 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
d￿5 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 ￿Ve￿e months afteT the reporting date. they are prèsented as non¢urrènt
Trade credttors are recognised In￿allY 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 bOrr￿ngS 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 Prr￿8eds, 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 Uncond￿on?1 rfghl to defer
sett￿ment of the Ilability for at least trye￿a 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 as￿8 Out of unrestricted In￿Me 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 restr￿ed
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 p￿slon 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 finan￿al liabiS11ies of a kind that quallfy &8 basSc
flnancial instrurnents. Basic financial instruments We In￿allY 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 donat￿n8
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¢T￿n¢ed ambassadors
Panel w(Kk costs
Financial 8UPPOrt
Trav&1 and subslslen¢e
Wellbeing se5s￿n 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
All￿ated 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
$upport
costs
Total
2025
Total
2024
of
allocatlon
staff costs
time
Use ol
assets
Use of
premts
Esttmated
usage
Personnel
5.518
5,518
6,820
Depr￿lstk>n anij 2morb8alion
3,949
3,949
5,801
Rent, r*es and utilities
12,tsJO
12,098
Admln 8nd sundry expenses
45,150
45.150
38.713
Staff trainlng and wents
6,005
8.OL)S
3.274
Nature of
Adv9￿81ng. markellng and netsM)rking cost
U8wJe of
premises
Pro rata to
20,580
20,58a
23,722
Insurance
6,gJ8
6.908
5,476
Bank charges
Legal and profession81
Account8noy fees
Audit fe¢s
997
7,184
3,133
2,769
4,215
Govemance
Govemance
7.184
120,151
120 151
8 Grant4naklng
Anoty81$ 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 reMU￿ra￿On 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 (ind￿jIng 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 ￿plOy8￿S 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 Man￿ement pernnnel of the charity were £188,181 12024 -
£272,545).
Page 30

Re08 Foundat￿n
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
D￿19n•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 F￿ndatIOn-
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
(22,2L￿I
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 Ha￿ard
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 r￿trIcttsd 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