Charity registration number 1037703 (England and Wale51 Company registration number 02823657 AIDS IMPACT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 AIDS IMPACT LEGAL AND ADMINISTRATIVE INFORMATION Dlrgctors Dr Jose Catalan Prof Lorraine Sherr Prof Richard Harding-swale Prof Lu¢ie Cluver Dr Kalhryn Steventon Secretary Dr Jose Catalan Charity number 1037703 Company number 02823657 Regl$tered offlco 12 Henwood Boars Hill Oxford OX15JX Independent examiner Paul Hutchison ACA Azels Audit Services Chartered Accountants Quay 2 139 Founlainbridge Edinburgh EH3 9QG Bankers National Westminster Bank 55 Kensington High Street London W8 SEQ Solicitors Speechly Bircham LLP 6 New Street Square London EC4A 3XL AIDS IMPACT CONTENTS Page Directors, report Independent examiner's report Stslemenl of financial a¢livilies Balance sheet Notes lo the financial slalemenls 6-11 AIDS IMPACT DIRECTORS. REPORT (INCLUDING TRUSTEES. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The directors present their annual report and financial statements for the year ended 30 September 2025. The financial slalements have been p￿pared in 8ccord8nce with the accounting policies sel out in note 1 to the financial ststemenls, the provisions of the Charilitrs SORP IFRS1021 'A¢¢ounling and Reporting by Charilitrs.. Slalemenl of Recommended Practice appli¢able lo charities preparing their a¢¢ounls in a¢¢ordan¢e with the Finan¢al Reporting Standard appli¢able in the UK and Republi¢ of Ireland I'FRS 102.1" leffe¢tiv& 1 January 20191, FRS 102 'the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland I'FRS 102.1, the Companies Act 2006 and the Charities A¢t 2011. Objective5 and activities Objectives The obje¢ts of the ¢harity are for the benefit of the public, to advan￿ education about the biopsy¢hoso¢ial aspects and problems of HIV infection. in pa￿c￿lar by holding intemational ¢onferen¢es. The benefit provided is the opportunity for international delegates working in the HIVIAIDS field to meet, learn of the latest research and to exchange ideas. Activities The company was formed for the organisation of the second international conference on biopsychosocial aspects of HIV infects'on held in July 1994. AIDS Impact continues its task of fostering educational activities related to the psychological and social aspects of HIV infection. In May 2025 a conference was held in Casablanca, bringing together researchers, care providers, health care workers, community members and policy makers from a diverse range of inslilulions to present studies, inlervenlions and prevention schemes relating lo AIDS and its effects. The directors have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the charitable company should undertake. Achlevements and performance Financial review The overall net income for the year is £7,46712024'. net expenditure of £34,116). Nel assets of £219,86612024'. £212,399) primarily comprised cash al bank. Rese￿eS policy The directors aim to retain sufficient reserves to provide assistance with future cOnferen￿S and to facilitate the attendance of delegates at future COnferen￿S. Unrestricted reserves at the year end are £219,866 12024.. £212,399). Rlsk poll¢y The directors has assessed the major risks to which the charitsble company is exposed, and are satisfied that systems are in pla￿ to mitigate exposure to the major risks. Plans for futu The 2027 ¢onferen¢& will be held in London, wth the planning of this now well underway. It has been dtrcided by the board that this is lo be the final conference, with the charitable company will cease activities after this. Any remaining funds will be transferred lo a charitsble organisation forAIDS research and education. AIDS IMPACT DIRECTORS. REPORT (INCLUDING TRUSTEES. REPORT) {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Structur•, governance and managemont AIDS Impact, a charitable company limited by guarantee, was incorporated on 3 June 1993 and amended by special resolution dated 4 May 1994. 11 is govemed by its mernorandum and articles of association. Dlrectors The directors who served during the year and to the dale of signature of this report were as follows.. Dr Jose Caialan Prof Lorraine Sherr Prof Richard Harding-swale Prof Lu¢ie Cluver Dr Kathryn Steventon Directors have powers to appoint new directors in terms of the arti¢les of asso¢iation. All directors are familiar with the work of the charity. If there are any areas where additional training is reqLJired, this will be discLJssed at a directors, meeting and a solution identified. The day to day management of the charity is delegated to Dr Jose Catalan. This report has been issued in accordance with the special provisions of Part 15 of the Companies Act relating to small entities. The directors. report was approved by the Board of Directors. Dr J Catslan Director Dated.. 26 May 2026 AIDS IMPACT INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF AIDS IMPACT I report on the financial stalements of the charitable company for the year ended 30 September 2025, which are set out on Ihe statement of financial activities, balance sheet and related notes. Responsibilities and basis of report As the directors of the charitable company land also its directors for the purposes of company lawl, you are responsible for the preparation of the finanaal statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that th& financial slalemenls of the charitable company are not required lo be audited under Part 16 of the Companies A¢t 2006 and are eligible for independent examination, I report in respect of my examination of the ¢haritable company's finan¢ial statements carried out under section 145 of the Charities Act 2011. In ¢arrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's Statement I have completed my examination. l confirm that no matters have come to my attention in ¢onne¢tion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not Comply with the a¢¢ounting requirements of section 396 of the Companies A¢t 2006 other than any requirement that the financial statements give a true and fair view, whi¢h is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection wilh the examination to which atlention should be drawn in this report in order lo enable a proper Ljnderstanding of the financial statements to be reached. Azets Audit Services Chartered Accountants Quay 2 139 Fountsinbridge Edinburgh EH3 9QG Paul Hutchison ACA Inslilule of Chartered Accountants in England and Wales Partner Dated.. 02 June 2026 AIDS IMPACT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrèstricted funds 2025 Unrostrictad funds 2024 Notes In¢orne from: Donations and legacies Charitable activities Investments 32,435 110,714 2,347 2,489 Total income 145,496 2,489 Expenditure on= Charitable activities Unreslricled funds 138,029 36,605 Total expèndlturo 138,029 36,605 Ngt Incomellgxp&ndlturo1 and movement In funds 7,467 134,1161 Reconciliation of fund5'. Fund balances at 1 October 2024 212,399 246,51 S Fund balances at 30 September 2025 219,866 212,399 All income and expenditure derives from continuing aclivilies. The slalemenl of financial activities includes all gains and losses recognised in the year. The stslemenl of financial activities also complies with the ￿qUirements for an income and expenditure account nder the Companies Act 2006. AIDS IMPACT BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Notes Flxed assèts Tangible assets 10 866 Current assets Debtors Cash al bank and in hand 11 9,590 206,331 222,951 222,9S1 215,921 Creditors- amounts falling due within one year 12 13,9511 13,5221 Net current assets 219,000 212,399 Total assets less current liabilities 219,866 212,399 Income funds Unrestricted funds 219,866 212,399 219,866 212,399 The company 15 entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial slalemenls. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial slalemenls have been prepared in 8c¢ordance with the provisions applicable to companies subject lo the small companies regime. The financial stslemenls were approved by the Directors on 26 May 2026 Dr J Catalan Director Company R¢gl$tratlon No. 02823657 AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcle$ Charity information AIDS Impact is a private company limited by guarantee incorporated in England and Wales. The registered office is 12 Henwood, Boars Hill, Oxford, OX1 5JX. 1.1 A¢¢ounting convention The financial statements have been prepared in accordance with the accounb'ng policies set out in note 1 to the accounts, the provisions of the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. ststement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Stands applicable in the UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191, FRS 102 'the Finanical Reporting Standard applicable in Ihe UK and Republic of Ireland I'FRS 102,1, the Companies Act 2006 and the Charities Act 2011. The charitable company has taken advantage of the provisions in the SORP not to prepare a Statement of Cash Flows. The financial statements are prepared in sterfing, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have ￿en p￿pa￿d under the historical cost convention. Th& principal accounting policies adopted are sel out below. 1.2 Going concern The directors have confirmed that the charitable company will cease 8Ctivilies following the 2027 London ¢onferen¢e. The remaining funds will be transferred to a charitable organisalion with similar purposes for AIDS research and edu¢ation. The directors therefore considor that it is not appropriate to prepare the financial slalements on a going con￿rn basis. 1.3 Charitabl8 funds Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. 1.4 Income Income is recognised when the charitsble company is legally entitled to il after any performance Conditions have been mel, the amounts Can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donab'ons received Ljnder Gift Aid or deeds of covenant is recognised at Ihe time of Ihe donation. Conference income is recognised on performan￿ of the event. AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Icontinuedl 1.5 Expenditure and creditors Expenditure is recognised when a legal or constructive obligation has been entered into and has been charged direct to charitable expenditure, cost of raising funds or governance costs. Charitable expenditure comprises those cost5 incurred by the Charitable company in the delivery of ils activities and services for ils beneficiaries. Governance costs in¢lud& those costs associated with meeting th& conslitulional and statutory requirements of the charitable Company and include the accountancy fees and Costs linked to the straltrgic management of the charitable company. The charitable company is not registered for VAT and a¢¢ordingly expenditure includes VAT where appropriate. Accruals are obligations to pay for goods or setvices that have been acquired. Accruals are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price. 1.6 Tangible fixed assets Tangible fixed assets are initially rneasured al cost and subsequently measured al cost or valuation, nel of depreciation and any impairment losses. Depreciation is recognised so as lo write off the ¢x>st or valuation of assets less their residual values over their useful lives on the following bases.. Computer equipment 3 years slraighl line The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value of the assel, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the charitable company reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to deterrnine the exlenl of the impairment loss Irf any). 1.8 Cash and ¢a$h equivalents Cash and cash equivalents include cash in hand, deposits held at ca11 with banks, other short-term liquid investments wilh original maturities of Ihree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnan¢lal Instruments The charitable company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0lher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial slalements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultsneously. AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Icontinuedl Basic financial assgts Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction Is measured at the present value of the future re￿IP1S discounted al a market rale of interest. Financial assets classtfied as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are sellled, or when the charitable company transfers the financial asset and substsnlially all the risks and rewards of ownership lo another entity. or if some significant risks and rewards of ownership are retained but control of the asset has tranSfer￿d lo another party that is able lo sell the asset in its entirety lo an unrelaltrd third party. Basic financial liabilities Basi¢ financial liabilities, including creditors and bank loans ar& initially recognistrd al transaction price unless the arrangement ¢onslilules a financing Iransa¢lion, where the debt instrument is measured al the present value of the future payments discounted al a markol rale of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised ¢ost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured at amortised cost using the effective interest method. De￿CognitIOn of finan¢ial liabilities Financial liabilities are derecognised when the charitable company's contractLJal obligations expire or are discharged or cancelled. 1.10 Taxation The charitable company is recognised by HMRC as a charity and accordingly there is no liability to taxation. Critical accounting estimates and judgements In the application of the charitable company's accounting policies, the directors are required to make judgements, eslimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The directors are of the opinion that there are no significant estimates or judgments that would have a material impact on the financial statements. AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Donatlons and 1ogacl8s 2025 2024 Sponsorship 32,435 Incomo from charitablè activitiès Unrestricted funds 2025 Unrestricted funds 2024 Conference registration fees 110,714 Investments 2025 2024 Interest receivable 2,347 2,489 Charltable a¢tlvltles 2025 2024 Depreciation and impairment Dire¢tors' expenses.. Travel and ac¢ommodalion conferen￿ costs Administration costs Publications 433 922 121,289 4,111 7.649 793 200 32,069 134,404 33,062 Share of governance costs Isee note 71 3,625 3,543 138,029 36,605 AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Support costs Support Governance costs costs 2025 Support Governance costs costs 2024 Inde￿ndent examination fees 3,625 3,625 3,543 3,543 3,625 3,625 3,543 3,543 Analysed betwèen Charitable activities 3,625 3,625 3,543 3,543 Dlre¢tors No director received any remuneration during the year12024.. £nill. Four directors received reimbursement for expenses incurred on behalf of the charity tolalling £922 12024.. £7931. Thesè were travel and similar expenses relating lo the conference. Employees There were no employees in the current or prior year. 10 Tangible fixed assets Compuler equipment Cost Additions 1,299 At 30 September 2025 1,299 Depreciation and impairment Depreciation charged in the year 433 AI 30 September 2025 433 Carrying amount At 30 September 2025 866 11 Dabtors 2025 2024 Amounts falling due within one year- Prepayments and accrued income 9,590 10- AIDS IMPACT NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 12 Credltors: amounts falllng duè wlthln ono yoar 2025 2024 other creditors Accruals 326 3,625 3,522 3,951 3,522 13 Related party transactions During the year, the charity paid the sum of £5,949 12Q24'. £nill to Ari Sherr in respect of IT ¢onsultancy expenses incurred. Ari Sherr is the son of Prof Lorraine Sherr, a director of the charitable company.