2024-02-29-accounts

THE CANDLELIGHTER5 TRUST Charity Registratlon No. 1045077 Company Reglstration No. 3020552 TRUSTEES. REPORT AND FINANCIAL STATEMENTS For the year ended 29 February Z024 Cddldi8k+ws Supporting4ko•families of children with cancer

THE CANDLELIGHTERS TRUST Annual report and financlal statements for the year ended 29 February 2024 Contents Page: Legal and administrative information Report of the Trustees 16 Statement of Trustees, responsibilities 17 Report of the independent auditors 21 Consolidated statement of financial attivities Ilncorporating statutory income & expenditure account) 22 Balan￿ sheet5 23 Cash flow statement 25 Notes to the financial statements

THE CANDLELIGHTERS TrUST Legal and admlnistrative Information Patron Lady Emma Ingllby ainlcal (In¢luding Medical) Trustees Dr M Elliott Dr E M Rlchards C De Biase Mr J Goodden Dr S Wilkins J Whlte Lay Trustees K Hardcastle {Chair) S Patterson D Mayman G Felgate M Bower (appointed 5 Ortober 20231 {resigned 10 September 2024) th R Randhawa (appointed 5 October 20231 th M Shipley Iresigned 5 October 2023) Flnance and Audlt Committee K Hardcastle Dr E M Richards D Mayman Research Commlttee Dr M Elllott C De Biase Mrj Goodden K Hardca5tle Nomlnatlons and Remuneration Commlttee S Patterson K Hardcastle Dr E M Richards C De Biase Famlly Support Commlttee J White Dr S Wilklns G Felgate S Redman {non-trusteel N Shaw Inon-trustee} D Lawson Inon-trusteel H Vaughan {non-trustee) K Baldwin Inon-trustee} th E Every Inon-trusteel (resigned 5 April 2024)

THE CANDLELIGHTERS TRUST Legal and administratlve information (continued) Key management personnel/Senior Management Team: E Wragg Chief Executive L C Fletcher Chief Operating Officer and Company Secretsry N Kisby Head of Famlly Support L Pomeroy Head of Flnance and Operatlons T Robertshaw Head of Fundraising C Gill Head of Engagement Head offlce: 8 Woodhouse Square Leeds. L53 IAD Independent auditors: Thoma5 Coombs Limited Chartered Accountants and Registered Auditors 3365 The Penta8on Century Way Thorpe Park Leeds LS15 8ZB Bankers: Virgin Money 94-96 Briggate Leed5, L516NP Solicltors: Wrigley5 19 Cookridge Street Leeds, LS2 3AG Investment Managers: Brewin Dolphin Limited 10 Wellington Place Leeds. LSI 4AN

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 The Trustees present their report and audited accounts for the year ended 29 February 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charitws governing document. the Charlties Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice {"SORP"l applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland published in October 2019. oBJE￿IVEs AND AcfiviTIE5 FOR PUBLIC BENEFIT Objectives The CharitWs objects are: l. The alleviation of the suffering. and the promotion of the relief, care, well-being. and rehabilitation. of children and young people afflicted with any form of malignant disease or a non-rnalignant but life threatening haematological disorder or central nervou5 System disorder, in particular (but not exclusivelyl those who are or who have been under the care of, or otherwise supported by, hospitals in Yorkshire,. 2. The preservation and protection of the good physical and mental health and well-being of individuals formerly under the care of, or otherwise supported by, hospitals in Yorkshire, particularly th05e individuals experiencing serious medical problems a55ociated with their original disease or disorder or its treatment,. The protection and prese￿ation of good physical and mental health and wellbeing arnongst families and carers of, or other people providing support to. indlviduals falling under objects l or 2 and the provision of prartical and other support in their role of caring for such individuals; and 4. The provision of 5UPPOrt for such activities as may be legally charitable in the work of h05Pltals in Yorkshire including the provision of financlal a$51Stance for the acquisition and maintenance of equipment for use within hospitals in Yorkshlre or in connection with the work of hospltals in Yorkshire and the provision of support, in whatever ways the Trustees think fit, for research, education and training within or connected with hospitals in Yorkshire and the disseminatlon of the results of such research. In accordance with their dutles pursuant to Section 4 of the Charities Act 2011, the Trustees have considered the Charity's objects and activltles in light of the Charity Commission's general guidance on public benefit "Charities and Public Benefiv,. Actlvities and Performance Each year over 150 children in Yorkshlre are diagnosed with cancer. When a child is dia8n05ed, lives are turned upside down instantly: not just for the child but the entire family. Gettlng well again can be a long and challenglng journey, emotionally, physically, and financially. Supporting children and families throughout that lourney is why our charity, Candlelighters, was formed nearly 50 years ago. Our mission 15 to bring light to every family affected by childhood cancer across Yorkshire by providing emotional, practical and financial support, as well as bringing hope, by investing in vital research to improve the outcomes and lives of children with cancer. Candlelighters first priority 15 always the welfare of the families whose children are being treated at the Leeds Children's and Adolescent Oncology and Haematology department. Whilst the outlook for children with cancer and serious blood di50rders continues to improve, the distress caused to families should not be underestimated. Review with families and key stakeholders During the financial year the Charity undertook a year-long research project to further understand the challenges faced by families who have a child diagnosed with cancer and how best we can 5UPPOrt their needs in the future. Key results of this research project highlighted the following challenges for farnilies- Emotional challenges were the top focu5 fvr fvmilies and were a150 identified by staff working olongside them. The mental loud. worry of their child'5 heolth. loneline55 ond grief were the main emotlonc71 challenge5from the interview5. Practical challenges a150 add odditionul stress to fvmilies and often there aren't any 501utions to reduce these. The parentalguilt of not being able to meet the need5 of their child with medical needs olong5ide siblin05 15 a ¢on5tont worry and again something that 15 recognised by the staff 5UPPOrting thefamilies. H05Pltal appointments impacted porenys lift by not allowing them to have regular breoks ond unexpected hospital stays prevent5 parents being able to h17ve (T sense of control and plannlng In their lifr.

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 (continued) 08JEcllvES AND ACTIVITIES FOR PUBUC BENEFIT (continued) Review with famllles and key stakeholders Icontinued) Slgnposting to services that can help afamily with emotional orfinuncial needs is important. This can make ufomilyfeel they are being supported ond enable them to access the support they need within their local community. Supporting these challenges does not need to be a Structured system or with medical professionals. Regulor opportunitiTes to talk openly about what is on their mind with someone who understands the childhood concerjourney is often enough. Thefinancial impact of hoving a child with canceris alsofelt across ollfamilles ot 0115tages of the journey and 15 o resutt of loss of earnlng5 ond the cost of attending hospltol appointments. These cost5 ore largely attributed to the costoffood and drink within a hospltal and the cost ofpetrol to attend appointments. Financlolchallenges are olsofeltby the young people in thefamily however the reasons behlnd them being uwore of this ore not clear. Candlelighters already provides sUPPOrt to alleviate these emotionali practical and financial challenges, however we will be using the outcomes of this research project to see how we can do this even better in the future. We will also be using the outcomes of this review to help develop the Charity's next five year strategy for 2025 to 2030. Candlellghters The Square Candlelighters @ The Square 15 our family support centre that supports any member of a family affetted by chlldhood cancer. The centre is a five-minute walk from the Children's H05Pital and can provide daily support for a family whilst on the ward, visiting cllnlc appointments, and for additional support at the family's convenience. The variety of support has evolved from family feedback over the past nine years. The type of services offered include: Well-being therapies including a variety of massages, reflexology, and energy balancing Talking therapy one to one, group support and mindfulness sessions for both children and adults A quiet space for relaxation and refreshments Grandparents, support groups Sibling SUPPQrt groups Support groups for parents Patient support groups Family events The team of support workers @ The Square provide flexible professlonal support. During the financial year the centre openin8 hours were Monday to Friday from 10.00am to 4.00pm and later on a Thursdav evenlng. In 2024, the Charity 15 trialling also opening The square on Saturdays and running artivities to provide greater sUPPOrt during the whole week. Providing care closer to home Candlelighters in Your Community The Family Support Team provide a range of support closer to home, whether that be through helping the family to access Candlelighters services or more appropriate services that are available in the area that the family live. For patients who are palliative the Famlly Supportteam also provide and co-ordinate precious wishes and memories for patient5 and famllles.

THE CANDLELIGHTERSTRUST Report of the Trustees for the year ended 29 February 20241continued) OBJEcfivES AND AcfiviTIES FOR PUBLIC BENEF￿ {continued) Provldlng care closer to home Icontinued) Reglonol Outreach Ployspeciolists Candlelighters funds two outreach play specialists. The role supports families by providing therapeutic play within the child's own home including support to siblings; addressing anxieties where the child feels safe and putting action plans together. The play specialists liaise with the h05Pital play team to ensure preparation work at home is continued in hospital and action plans followed to provide continuity of care and increase the child and famil￿$ confidence in hospital, providing a less frightening experience for the child and family. The role has continued to develop over the years and now provides a huge support to children and their families who are receiving palliative care and to those who have sadly been bereaved. Bolus themothernpy Speualist During the financial year a Candlelighters funded 0.5￿E Clinical Nurse Specialist started in post to ensure the continuation of the bolus chemotherapy service which enables chemotherapy to be delivered at home to patients who have been receiving this service as a re5Utt of COVID-19 and expand the service to initially over 40 more patients. Support In hospital Famlty Support Workers Candlelighter5 have a team of family support workers who are at the hospital six day5 a week to make this difficult time a little easier for families. They work incredibly hard to make the wards and clinic feel le55 clinical and more enjoyable, bringing some comfort and fun to the hospital environment. From 7:30am to 7:30pm the team are around to SUPPOrt families on a one-tO•one basis, provide fun group activities, sit with children to allow parents a break and to help families access vltal support through Candlelighters. Teenage Can¢er Unlt Word L33 Funding is provided for social activities for the T*nage Support Group. Families of teenage patients up to 19 years old are also able to access support grants and use the Candlelighters Holiday provision. In 2022 the Charity approved the application to fund a Youth Activity Co-ordinator who will be based solely on Ward 33 supporting teenage patients. Once in place, the Youth Activity Co-ordinator will plan peer support activities and support patients on a one-tO•one basis to promote thelr continued emotional and psychological development through treatment. In 2024, after the financial year end, the decision was made to bring this role in-house to be a Candlell8hters employee to expedite the recruitment process and have more direct control over the role and optimise supportgoing forward. Hospttalequipment ond environment The Charity routinely provide5funding forthe replacement of play, technical equipment and any key white goods for the wards, outpatient's clinic, paediatric radiotherapy department and bone marrow untt. In 2023, Candlelighters started the proces5 of updating the decor in the outpatient'5 clinic. This included replacing all of the furniture and starting to update the artwork on the walls. Thi5 project will continue into 2024 along with other areas of the hospital. We also provided the Pavilion, our Space just outside of the wards with a refresh. including new furniture. Funding is also provided to provide distraction activities for patients during the long hours spent on the ward and in the day unit. nnerSupervi50r Many patients undergoingtreatment forcancer and leukaemia experien￿ problems with eating duringtreatment. The problem is worse when the child has to spend long periods in hospital a5 hospital food is served at set times and by the time it arrives at ward level is unlikely to tempt a child with a failing appetite. Candlelighters fund one full time Dinner Supervisor who provides nutritious snacks on demand for the patients throughoutthe day and early evening. Paediqtrfc Radloqrnpher During the financial year funding was provided for a specialised paediatric radiographer role based at the radiotherapy unit at St James. This role is the only one In Leeds and sUPPOrts every family who has a child undergoing intensive treatment. often visiting the hospital daily for many weeks. The relationship between families and this role b crucial to enable the child to undergo daily treatments without the need for a general anaesthetic.

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 Itontinued) OBJECTIVES AND AcfiviTIES FOR PUBLIC BENEFIT (continuedl Support in hospital (contlnued) Playleaders Candleli8hters provides funding for two playleaders to provide support for the Oncology Play Team at Leeds Children's Hospital. The team continue5 to provide a high-quality play Se￿iCe and has put in place a number of initiatives over the last few years. The Play Team work across all clinical areas. and with other member5 of the multidisciplinary team to use play to support children as they undergo a range of treatments and interventions. The Play Tearn ensure con5iStency in play and preparation acr05S the wards and the clinic and provide preparation and, when required. daily support to children in radiotherapy. They support children and families at times when they are elsewhere in the hospital. for example before and following surgery, or in intensive care. The additional resource in the team allows forthere to be a 7-day-a-week for patients on the wards. During 2024 Candlelighters was pleased to learn the NH5 has now recognised national￿the need for 3 7-day-a-week play5ervice for children in hospital. After funding the Play Team for over 25 years on the haematology and oncology wards, the Charity ha5 seen how important this is for children so we are thrilled that children in other wards will a150 now benefit from better plav support. Leeds Children's Hospital has secured funding to enable this level of play provision to be rolled out across all ward5. This means towards the end of 2024after the financial year. our funding is no longer needed to ensure this provision is available in the haematology and oncologydepartment, which will enable us tofocus ourfundingon furtherenhancingour Family Support provision in the hospital and play support for children at home. Financlal support Financial difficultle5 can add to the trauma of diagnosis and treatment. At a time when income is often reduced. famllles face additional expenses such as the cost of food when living at the hospital for lon8 periods of tlme, travel and increased burden on the family budget. Candlelighters provide three monthly allowances for families upon diagnosis. There is potential access to a Family Assistance Grant to help families in times of financial need any time during treatment. In addition, Candlelighters also provides Christmas grants and compassionate grants. Other support Candlelighters Cottage f8mndon Cottogej Our Cottage officially opened in Novernber 2018 to families. We know how important tt is for families to be together and our Cottage provides a comfortable and homely place forthem to stayto enable them to be nearto the wards when their child is an inpatient at Leeds Children's Hospital. The Cottage provides four ensuite bedrooms in addition to Eckersley House which is part funded by Candlelighters as below. Eckersley House Eckersley House adjacent to Clarendon Win& provides accommodation for families from outside the Leed5 area whose child is being treated at the Hospital. The house is run by the Sick Children's Trust. In recognition of the heavy use made of the house by paediatric oncology parents. Candlelighters make a substantial contribution each year towards the running costs of the house. Holldaybreaks Each family is entitled to a holiday provided by Candlelighters at various holiday resort locations in the UK. The holiday provides a crucial break away from the routine of treatment and hospital visit5 secure in the knowledge that, if necessary. they are within easy travelling distance of the hospital. We also provide financial 5UPPOrt to families to be able to pay fortravel or other expenses for their holiday. Candlellghters offer these holidays to patients and famllle5 during treatment when life can be unpredlctable, and we aim to take the stress away for a short tlme. The holiday5 are also offered to those famllles whose child may have died during the year and would Wel￿Me a break to get away. Support gmups In response to requests from farnilies for emotional 5UPPOrt. Candlelighters provlde funding for support groups and social activities for patients, siblings, parents and grandparents away from the hospital environment.

THE CANDLELIGFrfERS TRUST Report of the Trustees for the year ended 29 February 2024 {continued) OBjE￿IVEs AND ACTIVITIES FOR PUBLIC BENEFft {continued) Re￿arch Grants The main activity during the year in relation to research grdnts was as follows- The Charity cornmltted to the funding of a new leading research programme in Supportive Care in order to improve quality of life for children affetted by childhood cancer. Supportive Care include5 preventing side effects of treatment, managing pain and reduclng Infertion. It's the care that gives children as full a life as p055ible. A major research programme in this area has been a strategic priority for Candlelighters and it was a key moment for the Charity when the "Candlelighters Supportlve Care Research Centre" launched in November 2023. It is intended the programme will be funded forfive years and total fundingto be £1 million. In the financial year, £555,000 was committed which relates to years I to 3 ofthe programme, with future years subject to progress and the financial posltion of the Charity. The long running funding of the Yorkshire Specialist Register of Cancer in Children and Young People continued. The Register is a research database which is used to SUPPOrt research into the effectiveness of cancer treatments and any complications which emerge several years aftertherapy has been completed. FundinB continued for the Candlelighters Fellowship programme. The programme was created to utilise the research expertise and facilities of the University of Leeds and Leeds Teaching H05Pitals NHS Trust to support the research training of academic paediatric oncolo8lsts and haematologists, and in order to ensure dottors with relevant expertise are based in Yorkshire to look after children affetted by cancer. Candlelighters has supported nlne Fellows to date includingthe recruitment of an addltlonal two new Fellows which started in Autumn 2020.

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 {contlnued) FINANaAL REVIEW The financial statements are presented in the standard format required by the Charity SORP and cover the activtties of the Charity and Its dormant subsidiary Candlelighters Trading Limited. The Statement of Financial Activities I"SOFA") shows the gross Income from all sources and the split of activity between restricted and unrestricted funds. Income from the branches is shown gros5 and the fundraising costs are allocated to the fund for whlch the money was ralsed. Income The external conditions continued to be challenging for the Charity during the financlal year. Despite the easing of COVID-19 restrictions, not all fundrai5in8 attivities have restarted. Moreover, the ongoing cost of living crisls reduced available funds for supporters to donate to charity. Accordingly, the total income in the year of £1,766,173 {2023.' 2,143,542) was lower than the avera8e experienced by the Charity in recent years especially in real terms when inflation is taken Into account. Community income improved in the yearto £645,73512023: £564,109) due to a full year of a seniorfundraiser in post and fewer COVID-19 restriction5 than the prior year. Income recelved from individual givlng experienced a slight Increase from prior year to £92,43212023'. £81,905) due to success from specific initiatives. Corporate income also improved and was £626,052 {2023: £535,169) due to large donations from a number of fantastlc Corporate supporters. We continued our Investment in our Malor Donor programme whlch achieved another 5tron8 contribution of £69.305 {2023: £73.6771. We will continue to development this income stream into following financial years. Trust and Foundation income of £147,83512023: 301.6671 was significantly lower than prlor year as last year included one substantial donation of £IOO,000. Also, more generally, we found the availability of fund5 was less a5 many Trusts and Foundations donated any surplus reserves during COVID-19 and the conditions meant there wa5 high demand from other charities for any funding that was available. Legacy income was £62,340 compared to £400.060 In the prior year. Alongslde a number of significant legacie5, prior year included a further donation from the exceptional Joyce Mary Mountain Will Trust legacy of £250,000. In order to try and meet the challenges of an increasing cost base and to achieve a more 5UStalnable in-year position going forward. the Charity continually revlews its fundraising strategy. Developments In the economy and technology, along with other fartors. mean Candlelighter5 needs to constantly adapt to protect, diversify and grow income. Accordingly, in 2024, the Charity has Introduced a Business Development role to furthergrow Corporate income. The Charity would like to thank all our supporters for their immense effort during difficult times to raise money on the Charity's behalf. Expenditure Total expenditure for the year was £2,628,96312023: 1,998.9491. The £630,014 increase to prior year was primarily due to greater Spend on Charitable actlvities from £1,527.700 to £2,085,927. The key drlver behind this increase was net major Brant expenditure of £624,500 which was £451,412 hi8her than prior year. In line with the Charity's strategic objectrve. durlng the financlal year the Charity made the significant commitment of funding a new leadlng research programme In Supportive Care, the "Candlelighters Supportive Care Research Centre", in order to Improve quality of life for children affected by chlldhood cancer. The funding is expected to be £1 million over five years but the initial commltrrent of £554,734 is for years I to 3 of the programme, with future years subjert to progress and the financial position of the Charity including securing funds for the project. Other fartors behind the increase in Charitable activrties spend was a £55,408 increase In front line staff costs whlch reflects the continued investment In the Family Support team to have greater six days a week presence at the hospital and also running the Square which could be fully open agaln. Furthermore, there was a £50,808 increase in expenditure on family holldays, as many famllies were able take thelr holiday after COVID-19 restrictions and concerns in prior years.

THE CANDLEUGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 {continued) FINANCIAL REVIEW (¢ontinued) Expendlture (continued) The cost of raising funds of £543,036 was £71.687 higherthan prioryear. There was 3 £31.786 increase in staff costs in line with expettations as the prior year had a period of vacancies after a restructure to strengthen and diversify our fundraising to protect the Charity frorn reducing traditional sources of income. Generally, there was a greater level of fundraising activity and associated cost in the year as restrictions lifted and events resumed. The Charity is embarking on some major technological projects to enhance its IT infrastructure, systems and website to leave it best placed to usetechnoloBYto havegreater supporter and family engagement as well as become more efficient goingforward. During the financial year, we started to experience the associated costs for these projects and a greater amount 15 budgeted for the financial year ending February 2025. These costs will be a critical investment for the futu￿ of the Charity. Moregenerally. like manyorgani5ations, the Charityfeltthe impact of inflation acros5the whole cost base. Thiswas compounded by a greater demand on ourse￿iceS as families need us more than ever and have le55 SUPPOrt available elsewhere. Whilst many non-charitable organisation5 can increase their prices to combat inflation, inflation is putting pressure on our income from supporters having les5 funds available for charitable giving. Accordingly, we are continually reviewing our cost base and sUPPOrt we provide to families to ensure every penny of Charity resources is used to support families where they need us most. Investment poli¢y and performance The Charltws Investments are held in a mixture of equities, bonds, pooled funds and bank deposit balances. RBC Brewin Dolphin are the Charity'sappointed Investment Managers with an investment mandateof Income and Capttal Growth Return, moderate investment risk.. and from an ethical perspective there will be no direct investment in tobacco. Given the importance of the market value of investments on the reserves of the Charity. the Trustees contlnue to closely monitor the performance of the portfolio. The Charity has two investment funds. Flrstly, the Working Capital Portfolio which ha5 a Iow-risk investment profile with a short to medium term investment horizon as cash flow forecasts show that the Charity may need to access these funds in this timeframe in orderto pursue the Charity's objectives. As at 29 February 2024 the Working Capital Portfolio had a market value of £375,369. The portfolio produced an annual estimated gross income of £8,368, which is equivalent to a gross yield of 2.24%. Overthe period l March 2023 to 29 February 2024 the Working Capital Portfolio made a total +2.64%. This compares to a total return in the market benchmark IMSCI WMA Conservative Index) of +6.09%. As at 29 February 2024. the General Trust Portfolio, which has a medium-risk investment profile with a long-term investment horizon, was valued at £2.570,827. The portfolio produced an annual estimated gross income of £60,622 which is equivalent to gross yield of 2.36%. Over the period l March 2023 to 29 February 2024 the General Trust Portfolio made a total return of +5.73%. This compares to a total return in the market benchmark IMSCI WMA Income Index) of +7.29%. Over this period the FtSE ALL Share Index recorded a total return of +0.19% and the FT Government Securities Index rnade a total retum of +1.54%. Inflationary figures were still the primary force behind market returns in 2023. Inflation remained higher than anticipated for the majority of the year which acted as a headwind for markets. In November. however, following 3 surprising release of positive data, markets rose on the idea of interest rate cuts. The majority of the portfolio returns came in November and December 2023 and over the financial year, there was a net investment gain of £151,317. In line with expertations, during the financial year the total investment5 held reduced as the Charlty needed to use investment funds to meetin8 ongoing expenditure and settle grant liabilities induding major research projerts. The remaining current a55ets of the Charity of £247,987 a5 at 29 February 2024 were held malnly as bank deposit balances in order to provide su)Ticient liquidlty for the Short term settlement of liabilities including grant liabilities.

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 (continued) FINANCIAL REVIEW (contlnuedl Reserve5 policy In order to ensure continuity of charitable expenditure and to fulfil the objectives of the Charity, a level of rese￿e5 must be maintained, especially due to ongoing commitment5 from which it is not Possible to withdraw at short notice as well as being able to withstand potential drops in the market value of investment funds. This is particularly the case in the current environment as the impact of the cost of living crisis is making the fundraising environment very challenging and also putting pressure on the cost base of the Charityfrom inflation and demand forthe Charity'5 service5. Whi15tthe Charity15 tryingto movetowards a more breakeven position, the strain on income and costs at a time we want to maintain and expand our support to families affected by childhood cancer means we may experience a deficit in the next few year5 and there is a deficit budgeted for financlal year ending February 2025. In February 2024 the Trustees reaffirmed the reserves policy based on the level of free reserves. The policy is that free reserves should be no lower than £l.O million with a target level of between £1.5 million and £2.0 million. This excludes the fixed asset reserve, designated reserves and restricted reserves. Previously the policy included designated reserves but the progression of strategic projects means the level of designated reserves can change quite significantly in any 8iven period. The target level is deemed appropriate given the challenging environment and potential deficits for the next few years. If the environment improves and stabilise5, the target level may be reduced in the future. Free reserves at the end of the financial year are £2.078.745 $0 slightly above the target range but this is largely due to significant increase in investment valuations towards the end of the financial year. A150 certain project C05t5 were deferred into the 202412025 financial year. Free reserves are budgeted to reduce in the 202412025 financial year and the budgeted deficit will also use up designated reserrfe5. Restrlcted and Unrestrlrted Funds Monies donated to the Research Fund are restricted solely for the purpose of funding research. Other restricted funds are detalled in note 23 of the financial statement5. io

THE CANDLELIGFrrERS TRUST Report of the Trustees for the year ended Z9 February 2024 (continued) FLrruRE PLANS It has been another significant year for Candlelighters and the Charity is proud of its achievements,. not least the launch of the Candlelighters Supportive Care Research Centre, the introduction of the new bolus chernotherapy role to provide care c105er to home, and the refurbishment of areas ofthe hospital. Our Family Support review demonstrated how valued the 5UPPOrt Candlelighters provldes to families is and how we can further tailor and enhance our support In the future. Throughout 2024/2025, the Charity remains committed to the key aims within Its current 2020 to 2025 strate8y: Maintain high quality family support services Expand current family 5UPPQrt services across Yorkshire, taking support closer to home for families Provide equitable support for families affetted by childhood cancer across Yorkshire regardless of their principal treatment centre in Yorkshire Invest further in research,. to include the funding of a new leading research programme in Supportive Care resulting in improved quallty of life for children affected by childhood cancer Be more digital in everythlng we do Support the development of the new Children's Hospital for oncology families and be the Centre of Excellence nationally wlth regards to our model of 5UPPOrt for families affected by chlldhood cancer Protert, malntain and increase income in the next 5 years to enable the implementation of our strate8ic plan. Building on the successes of the financial year and what we have leamed from engaglng wlth families and stakeholders, in 2024/2025 Candlelighters is looking forward to: Establishing a Family Support Worker 6 day a week service for families in the hospital Assessing the success of our trial of openlng the Square lour family sUPPQrt centrel 6 days a week Launchin8 "Champ'5 pantry, to alleviate the financial burden and provide nutritlon to familie5 at the hospital Further refurbishing areas of the hospital, to ensure the wards and day unit are as welcoming and comfortable as possible for families Commencing the refurbishment ofThe Square. to maxlmlse its use and ensure it offers the best respite opportunity for families Continuing to develop the research at the Candlelighters Supportive Care Research Centre Implementing newtechnology, including a new webslte to better engage with families and supporters Continuing to diversify our income streams, building long term, meaningful relationships with our fundraisers and supporters Developing its next strategy for beyond 2025. Candleli8hters continues to be conscious and mindful of the challenges which lie ahead,, both in terms of the uncertainty In income generation and also In terms of the challen8e5 faced by the NHS and the additional requests to the third settor for funding support. Toward5 the end of 2024 we will be having our annual "Hearts and Mlnds" board strategy day to develop our strategy for the future, Candlelighters remains committed and determined to provide the best Possible support to families affected by chlldhood cancer and will contlnue to respond and adapt accordingly to the challenges that may Ile ahead in the coming year.

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 (continued) StRucfuRE, GOVERNANCE AND MANAGEMEKt The legal status of The Candlelighters Trust is that of a Company Limited by Guarantee incorporated in 1995. As such its governing instrument Is its Memorandum and ArtScles of Association, as amended over the years to allow for current governance arrangements. It is registered as a charity with the Charity Commission. Parents whose children are treated at the Children's and Adolescent Oncology and Haematology department can become members of the company. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Trustees Details of the Trustees, who are also directors of the company for the purposes of company law, who have served during the year are listed on page l. None of the Tru5tee5 had any personal beneficial interests requiring disclosure, either in the Charity or in its wholly owned subsidiary company. Candlelighters Trading Limited, other than disc105ed in note 21 of the financial statements. Appointment of Trustees As set out in the Articles of Association the Board of Trustees must be made up of between nine and fifteen individual Trustees. all of whom shall become Members by virtue oftheir appointment a5 Trustees. No less than one third, but no more than half of the Trustees will be clinical (including medicall Trustees. The Articles of Association require that one third of the Trustees retire by rotation at each Annual General Meeting after which they may put themse5ves forward for reappointment. Tralnlng of Trustees Most Trustees are already familiar with the practical work of the Charity through their association with the Children's and Adolescent Oncology and Haematology department. New Trustees receive a briefing on their legal obligations undercharity and company law; the content of the Memorandum and Articles of Association; the Board of Trustees and the decision-making process; the history,. business plan and recent financial performan￿ of the Charity. In addition, Trustees are encouraged to attend appropriate internal and external training events to facilitate the undertaking of their role. Management The Trustees meet at least four times a year to decide the broad strategy and areas of activity including grant makin& administration, reserves and risk management. The day-to-day administration of grants and the processing and handling of applications prior to consideration by the relevant cornmittee 15 delegated to the Senior Management Team. Key Management Personnel and Remuneration Policy The board of Tru5tee5 together with the Senior Management Team {a5 listed on page 21 are considered to be the key management personnel of the Charity- All Trustees give their time freely and no Trustee remuneration wa5 paid during the year. One Trustee received expenses in line with the Charitys volunteer policy for costs directly incurred in relation to a fundraisin8 event the Trustee organised. The Chief Executive salary is determined by benchmarking across the Third Sector on an annual basis. Voluntary help and employees The Trustees wish to record their thanks for the hard work of the Charltvs employees and the support of the much-valued assistance of volunteers. 12

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 2024 Icontlnued) sTrucruRE. GOVERNANCE AND MANAGEMENT (contlnued) Rlsk management The Trustees regularly review the risk management strategy in accordance with the requirements of the SORP on Accounting and Reporting by Charities. The Charity has a risk management strategy which comprises a formal review of the risks the Charity may face at least twice a year, however. the risk culture and the proce55es embedded in the Charity mean there is ongoing identification and monitoring risksand therearesystems and prO￿dureS in placeto minimise any potential impacton the Charity should those risks materialise. Internal control risks are minimised by policies and procedures covering a wide range of risks including the authorisation of all grants and financial transactions. The key risks to the Charity fall into the categories below. A description of the risk categories and how these risks are mitigated are as follows: Govemt7nce risk.- This 15 the risk that poor governance means the Board fails to deliver an effertive strategy in line with the Charity's objectives. This may be due to the Board not having the right skills or commitment, orthere is a conflict of interest or dominant influen￿. This risk is mitigated due to a rigorous Board selection. and ongoing appraisal and ski115 review programme. There is a conflicts of interest protocol where all potential cDnflic:s are declared and recorded, and appropriate action taken if any perceived conflicts exist. The Charity has a five year strategic plan which is reviewed annually, and an annual business plan with quarterly performance reviewed by the Board. The Charity undertakes an external Governan￿ Review on a periodic basis. The last one performed In 2022 showed strong levels of governance with any recommendations tracked and actioned by the Board. In 2024 the Charity was also a runnerwup in the national Charlty Governance Awards for the People In Governance cate80ry. Operotlonol risk.. Thi5 category of risk reflects potential issues ar15ing from the day to day operational activities of the Charity. This includes any rlsk5 arising from the support the Charity provides to the families affected by childhood cancer, as well as risks to Charity staff and its assets. data and Infrastructure. Policie5 and procedures are in place in order to reduce operational rlsk. All new stsff and volunteers or relevant third parties go through an extensive inductlon training process including a review of the Charity's pollcies and procedures. Existing staff receive refresher training and have to review pollcles and procedures on a periodic basis. All teams meet weekly to discuss any new or ongoing operational risks including specifically safeguarding rlsks, and any significant risks are escalated to the weekly Senior Management Team meeting. Any si8nlficant incidents are recorded on an "Incident Report Fomi" whlch requires consideration of any lessons leamt and ne￿sSaryattions with sign off from the Senlor Management Team. Risks also from part of a monthly appraisal process. Financiol risk.. The financial performance and position of the Charity Is monitored regularly including monthly management information and is reviewed at each Trustee meeting. Liquidity risk is managed by regular monltorlng of the cash held at bank and alternative funds available. An annual budget is prepared by the Senior Management Team and approved by the Board and if during the year the performance is experted to be significantly different from that budgeted, a reforecast exercise will be undertaken. Financial policies and procedures, and controls are in place for core financial activitie5. A key element in the management of financial risk is the setting of a rese￿eS policy and its periodic review by Trustees. Legalandcompliance nsk.- Guidelines are issued to all staff and volunteers in orderto comply with charity and local authority regulations and to minimise risks to health and safety. The Charity seeks external legal advice when required. External ri5k.' The Charity can be significantly impacted by external factors including political, econornic, social, technological and environmental. The Senior Management Team and Board will regularly review external fartors and are informed from communications and briefings from a number of sources including industry bodies, supporters and beneficiaries. These factors are taken into account in the annual business plan and five year Strategic plan, a5 well as the reserves policy. Policie5 and procedures are also in place to deal with external factors that would impact more immediately such as business continuity and disaster recovery planning. 13

THE CANDLELIGHTERS TRUST Report of the Trustees for the year ended 29 February 20241continued) srRucfuRE, GOVERNANCE AND MANAGEMENT (continued) Grant maklng pollcy Research Grants The Charity funds research to improve the lives and outcomes for children and adolescents diagnosed with cancer. All grants are reviewed by the Board with Board approval required for any grant in excess of £20.000, or E2,000 if not already included in the budget. Any research grants in excess of £50.0(K) must be reviewed by external scientific expert5 before being submitted for approval by the Board of Trustees and periodically thereafter. In 2021 Candlelighters entered into a partnership agreement with an AMRC registered charity. Children's Cancer Leukaemia Group ICCLGI, to allow for independent expert 5UPPOrt with the initial review and ongoing monitoring of research grants including those below £50.000. Other Gmnts The Charity also provides non-research grants in order to provide support to families affected by childhood cancer, such as funding roles at the h05Pltal or providing Medical equipment. All grants over £20.(J)O lor £2.000 if not already included in the budget) must be approved by the Board and all grants are reviewed by the Board. Conflict of Interest pollcy The Charity has adopted a conflict of interest policy applicable to all Trustees. Members of the Sub-committees and Staff. This policy aims to protect both the organisation and the individuals Involved from any appearance of Impropriety. All Trustees. Members of the Sub-committees and Staff are asked to declare their interests and anygifts or h05Pltality received in connection wlth thelr role In the Charity. In accordance wlth the Trust's policy. Trustees and Sub-committee Members are required to withdraw from decision5 where a conflict of interest arise5. Ethical Fundraising policy At Candlelighters we aim to ensure that our 5UPPOrters and the wider publlc are treated fairly and wlth respert. We continually monitor and review our practices to ensure we are adhering to the latest in fundraising regulations and prartices. Fundrai￿ng Standards Candlelighters voluntarily subscribes to the Fundraising Regulator and its Code of Fundraising Practice. All staff are aware of and adhere to Charity Commission gu idelines and The Code of Fundraisin8 Practice which sets out statutory obligations and best practice standards. Specific additional training is provided annually to Fundraising staff on The Code of Fundraising Practice. Thlrd Porty Fundraislng We work with people and organisations raising funds on behalf of Candlelighter5 in order to ensure best practlce and the Fundraising Regulatorfs Code of Conduct is followed. Where applicable, signed contracts and agreements will be put in place. Complaints At Candlelighters we aim to maintain high standards in all areas of our work and complaint5 are an irnportant way for us to identify and resolve issues quickly and learn how to improve our services and procedures long term, ensuring we are able to maintain high standard5 in all area5 of our work. In the year to 29th February 2024. Candlelighters received O complaints relating to fundraising. In the instance where 3 complaint is received. Candlelighter5 has an internal complaints policy which guides staff on how to deal with complaints in an effective manner. a5 well an external policy which provides transparency to supporters on howtheir complaints will be managed. Data Candlelighters is committed to the responsible use of personal data. We are transparent about what we do with personal data and strive to ensure that our supporters feel confident in how we are using it, Candlelighters is registered with the Inforniation Commi55ionerfs Office I'ICO") and we have a data protection policy In order to ensure we comply wlth the ICO guldellnes. Protertinq vulnerable people Candlelighters is very conscientious about self-regulation of it5 fundraising activities and proterting vulnerable people. All staff are aware of and adhere to Charlty Commlsslon guldellnes and The Code of Fundraising Practice from the Fundraising Regulator which sets Out statutory obligations and best practice standards. Guidance 15 also given to those who fundraise on the CharitV5 behalf. Candlellghters approach to fundralsing Is to avold unreasonable Intrusion Into an individual's privacy. persistent approache5 Qr undue pressure to donate to the Charity. 14

THE CANDLEUGHTERS TRUST Report of the Trustees for the year ended 29 February 20241contlnued) sTrucruRE, GOVERNANCE AND MANAGEMENT (continued) Auditor5 The audltors Thomas Coombs Limited will be proposed for re-appointment at the forthcoming Annual General Meeting. Small Company Exemptions The Trustees have taken advantage of the small company exemptions within the Companies Act 2(X)6 in connection with the preparation of the Trustees Report. Approved by the Board of Trustees on and slgned on its behalf by: L Fletcher. Company Secretary th Date: 9 October 2024 15

THE CANDLELIGHTERS TRUST Statement of Trustees, responslbllftles The Trustees Iwho are also dirertors of The Candlelighters Trustforthe purposes ofcompany lawl are responslble for preparlng the Trustees, Annual Report and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statement5, the Trustees are required to: Selett suitable accounting policies and then apply them con515tently; Observe the methods and principles in the Charities SORP 2019 IFRS 1021; Make judgements and estimates that are reasonable and prudent,. State whether appllcable UK Accounting Standards have been followed, subjert to any material departures disclosed and explained in the financial statements,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company wlll continue In operatlon. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 21JJ6. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Tru5tee5 are aware: There Is no relevant audlt Information of which the charitable companws auditor is unaware; and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. K Hard¢astle Chalr- Trustee Dr E M Richard5 Trustee th Date: 9 Ortober 2024 16

THE CANDLELIGHTERS TRUST Independent auditorg report to the members of THE CANDLELIGHTERS TRUST Opinlon We have audited the financial statements of The Candlellghters Trust (the parent charitable company) and its subsidiaries {the group} for the year ended 29 February 2024 which comprise the Group Statement of Financial Activities, the Group and the Parent Charitable Company Balance Sheet and the Group Cash Flow Statement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland. In our opinion the financial statements: give a true and fair view of the State of the group'5 and of the parent charitable companV5 affai rs as at 29 February 2024. and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared In accordance with the requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standard5 are further described in the Auditorfs responsibilitie5 for the audit of the financial Statements sertion of our report. We are independent of the charltable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees, use of the golng concern basis of accounting in the preparation of the financial 5taternents is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are descrlbed In the relevant sections of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the Trustees, annual report, other than the financial statements and our auditorf5 report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other informatlon and, In dolng so, consider whether the other Informatlon is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such materlal inconslstencies or apparent material mlsstatements, we are required to determine whether there is a material misstatement in the financial 5tatement5 or a rnaterial misstatement of the other information. If, based on the work we have performed, we conclude that there is a material mlsstatement of thls other information, we are required to report that fact. We have nothingto report in this regard. 17

THE CANDLELIGHTERS TRUST Independent auditors, report to the members of THE CANDLELIGHTERS TRUST (¢ontlnued) Oplnlon on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report lincorporatingthe directors. report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and. The directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified fflaterial mi55tatements in the directors. report. We have nothing to report in respect of the following matters where the Companies Act 2006 requlres US to report to you If, In our opinion.. the parent charitsble company has not kept adequate and sufficient accounting record5, or return5 adequate for our audit have not been received from branches not visited by us; or the parent charitable company financial statements are not in agreement with the accounting records and return5,' or certain disclosures of Trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage ofthe small companles exemptlon from the requlrement to prepare a strategic report. Responsibilities of Trustees As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the dlrectors of the charltable companyforthe purposes of companylaw) are responsible forthe preparation of the financial statements and ft)rbeingsatisfied that theygive a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparatlon offinancial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unles5 the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 50. Auditorfs responsibllities for the audit of the financlal statenients We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations rnade or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit condurted in accordance with ISAS (UK) will always detect material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expetted to Influence the economlc declslons of user5 taken on the basis of these flnancial statements. Irregularltle5, including fraud, are instances of non-cornpliance with law5 and regulations. We design procedures in line with our responsibilities, outlined above, to detert material misstatements in respect of irregularltles, Includlng fraud. The extent to which our procedures are capable of detetting irregularities, includin8 fraud is detailed below. 18

THE CANDLEUGHTERS TRUST Independent auditors, report to the members of THE CANDLELIGHTERS TRUST (continued) Our approath to identifylng and assesslng the rlsks of materlal mlsstatement In respect of irregularities, including fraud and non-compliance with laws and regulations, was asfollows: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to Identify or recognlse non-compllance wlth applicable laws and regulations. We Identlfled the laws and regulations applicable to the Charity through discussions with management, and from our commercial knowledge and experience of the sector. We focused on speciflc laws and regulations which we considered may have a direct material effett on the accounts of the operations of the Charity. including the Charities Act 2011. We assessed the extent of compliance with laws and regulations identified above through making enquiries of management and inspecting legal correspondence. Identified laws and regulatlons were communl¢ated wlthln the audlt team regularly and the team remained alert to instance5 of nonwcompliance throughout the audit. We assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an understanding of how fraud mlght occur, by: Maklng enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. Considering the internal controls in place to mitl8ate risks of fraud and non-compliance with laws and regulatlons. To address the risk offraud through management bias and override of controls, we: Performed analytical procedures to Identlfy any unusual or unexpected relationships. Identified and tested journal entries and identified any significant transactions that were unusual or outside the normal course of business. Investigated the rationale behind significant or unusual transactions. Challenged assumptions and judgements made by management in determining significant accounting estimates. In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to- Agreeing financial statements disclosures to underlyln8 SUPPOrtln8 documentatlon. Discussions with management of known or suspected instances of non-compliance with laws and regulations. Reading the minutes of meetings of those charged with governance. Reviewing correspondence with HMRC, relevant re8ulators including the Charities Commission and the Charity's legal advlsors. At the completion stage of the audit. the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compllance with laws and regulations and fraud. There are inherent limitations in the audit prO￿dureS described above and the further removed non-compliance of laws and regulations is from the events and transartions reflected in the financial statements, the less Ilkely we would become aware of it. Also, the risk of not detetting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment. A further description of our responslbllltles for the audlt of the flnanclal statements is located on the Financial Reporting Council's website at www.frc,org.uklauditorsresponsibilities. Thi5 description form5 part of our Report of the Independent Auditors. Use of our report This report is made solely to the Charity's trustees. as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body, for our audlt work, for this report, or for the opinions we have formed. 19

THE CANDLELIGHTER5 TRUST Independent auditors, report to the member5 of THE CANDLELIGHTERS TRUST (continued) Dcr14 Chrlstopher Darwin FCA (Senior Statutory Auditor) for and on behalf of Thomas Coombs Llmited Statutory Auditor & Chartered Accountants 3365 Century Way, Thorpe Park, Leeds, West Yorkshire LS15 8ZB Date.. 9 ao3 20

THE CANDLELIGHTERS TRUST (Company number 30205S2) Consolidated statement of flnancial activlties for the year ended 29 February 2024 {incorporatlng statutory income & expenditure account) 2024 Total Funds 2023 Total Funds Note Unrestrlrted FuNds Restrlcted Funds INCOME AND ENDOWMENTS FROM Donations and legacies.. Donations and grants Branch fundraising events Legacies Trading a¢tivities- sale of goods Investment income 1,449,316 1.574 62,340 8,525 110,670 132,1143 1.705 1,581,359 3,279 62,340 8,525 110,670 1,573,041 52,142 400,060 8,387 109,912 Totsl Income and Endowments 1.632.425 133.748 1,766,173 2,143,542 Expenditure on Raising funds Charitable activltles 543,036 1,651,966 543.036 2,085,927 471,349 1,527,600 433,961 Total Expenditure 2,195,002 433,961 2,628,963 1,998,949 NET INCOME/ {EXPENDITURE) FOR THE YEAR BEFORE TRANSFERS 1562.577) (300,213) 1862.790) 144,593 Transfers between funds 23 49￿61 (49,561) NET INCOME/ {EXPENDITURE) FOR THE YEAR AFfER TRANSFERS (513.016) (349,774) (862.790) 144.593 Net Galns and Losses Gains / Ilossesl on fixed and current asset investments Reallsed Unrealised (7.7841 63,002 {7.784) 63,002 5,467 (216, 782) NEf MOVEMENT IN FUNDS {457,798) {349,774) (807,572) 166,722) Reconciliation of funds Balances brought forw3rd at l March 2023 3.100,776 385,147 3,485,923 3,552,645 BALANCES CARRIED FORWARD At 29 February 2024 23 £2,642,978 £35,373 £2,678,351 £3,485,923 The statement of financial activities includes all gains and losses recognised in the year. All amounts related to continuing activities within the United Kingdom. The notes on pages 25 to 44 form pa￿ of these financial statements. 21

THE CANDLELIGHTERS TRUST (Company number 3020552) Balance sheet at 29 February 2024 Group 2024 Charlty Note 2023 2024 2023 Flxed assets Tangible fixed assets Investments 12 13 491,942 2,$70￿27 525,897 3,214,216 491,942 2,597,634 525,897 3,241,023 3.062.769 3,740,113 3,089.576 3,766,920 Current assets Stock Debtors Investments Branch funds Cash at bank and in hand 13,925 29.539 375,369 13.846 190,677 18.148 43,227 532,560 39,750 254,334 13,925 29,539 375,369 13,846 190,677 18.148 43,227 532,560 39,750 254,334 14 15 623.356 888,019 623,356 888,019 Liabilities: amounts falling due within one year Grant awards Other 16 16 (667,166) (65.430) 1780.187) (82,310) 1667,166) (92.237) (780,187) {109,117) Net current assetsl(Ilabilities) {109,240) 25,522 (136,047) (1.285) Total assets less current Ilabllltles 2.953.529 3,765,635 2,953,529 3,765,635 Uabilltles: amounts falling due after more than one year Grant awards 17 (275,178) 1279,712) (275.178) (279.712J Net assets 19 £2.678.351 £3,485,923 £2.678.351 £3,485,923 Funds of the Charity Unrestricted - free charitable reserve Unrestricted - fixed a55ets reserve Unrestrlcted- designated: supportive care Unrestricted- desi8nated: digital Unrestricted- designated: research pot Restricted 23 23 23 23 23 23 2￿78.745 491,942 1,673.099 525.897 700,269 101,511 loo,000 385,147 2,078,745 491,942 1,673,099 525,897 700,269 101,511 100.000 385,147 72.291 72,291 35,373 35,373 Total funds 23 £2,678,351 £3,485.923 £2.678.351 £3.485.923 th Approved by the board of Trustees on 9 October 2024 and signed on its behalf by: K Hardcastle (Chalr - Trustee) Dr E M Richards (Trustee) The notes on pages 25 to 44 form part of these financial statements. 22

THE CANDLELIGHTERS TRUST Consolldated Cash Flow Statement For the year ended 29 February 2024 2024 2023 Note Cash flows from operatlng actlvlties: Cash generated from/ (used inl operations 11,379,4671 (358 865) Net cash generated troml (used in) operating activities 11.379.467) (358.865) Cash flows from investing activities: Purchase of tangible fixed assets Purchase of investments Sale of investments Investment income 4,241 (767,129) 1,942,124 110,670 (10 800) {328,803J 366,692 109.912 Net ¢ash (used In)1 generated from Investlng activities 1,289,906 137,001 Change in cash and cash equivalents in the reporting period {89.561) (221,864) Cash and cash equlvalent5 at the beginnin8 of the reporting perlod 294,084 515.948 Cash and cash equivalents at the end of the reportlng perlod £204,523 £294,084 The notes on pages 25 to 44 form part of these financial statements. 23

THE CANDLELIGHTERS TRUST Consolldated Cash Flow Statement Notes For the year ended 29 February 2024 RECONCILIATION OF NET INCOME/(EXPENDITUREI TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement in funds for the reporting period (as per the statement of financial artivities) Adjustments for: Depreciation charges L055 on disposal of tangible fixed assets Net unreallsed (galnsl/losses on Investments Net reali5ed (8ains)11055es on investments IlThcreasell decrease In cash held wlthln Investments Investment incorne Ilncreaselldecrease In stock Ilncrea5el/decrease in debtors Increase/(decrease) In credltors 1807,572) {66,722) 38,196 40.433 (63,002) 7,784 1327,6791 1110,6701 4,223 13,688 1134,435) 216,782 15,467) {33,620J (109,912) f2,515J 7,389 f405,233J Net cash generated froml (used In) operatlng actlvltles £(1,379,467) £(358,865J COMPOSITION OF CASH AND CASH EQUIVALENTS 2024 2023 Branch funds Cash at bank and in hand 13,846 190.6TI 39,750 254,334 Cash and cash equivalents £204,523 £294,084 The note5 on pages 25 to 44 form part ofthese financial statements. 24

THE CANDLELIGHTERS TRusr Notes to the flnanclal statements for the year ended 29 February 2024 General Informatlon The Candlelighters Trust is a company limited by guarantee, incorporated in England & Wales. The registered office is 8 Woodhouse Square, Leeds, LS3 IAD. The members of the company are the trustees detailed on page l. In the event of the company being wound up, the Ilability in respect of the guarantee is limited to £1 per member of the company. Atcounting Policies Basis of Preparation The financial statements of the Charity, which is a public benefit entlty under FRS 102, have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019,'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 Act 2011. The financial statements have been prepared under the historical cost convention with the ex¢eptlon of Investments whlch are Included at market value. The Candlelighters Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. Basis of Consolidation The consolidated accounts incorporate the accounts of the Charity and its wholly owned subsidiary undertaking. The Charity has taken advantage of the exemption allowed under section 408 of the Cornpanie5 Act 2006 and SORP 2015 and has not presented its own Income and Expenditure account in these financial statements. A separate Statement of Financial Activities for the Charity is not considered necessary because the activitie5 of the Charity and the wholly owned subsidiary undertaking are easlly dlstlngulshed wlthln the consolldated Statement of Financial Activitie5. The accounts include the activities of both the head ofPice and those if its various branches. Going Concern The financial statements have been prepared on a going concern basis. The trustee5 (who are directors of The Candlellghters Trust for the purposes of company law and trustees of The Candlellghters Trust for the purposes of charity law} have reviewed the Charivs financial position, taking into account the satisfactory level of reserves and cash, current year forecasts and its systems of flnanclal and rlsk management. As a result of their review, the trustees believe that the Charity Is well placed to manage operational and financial risk5 successfully. Fund Accounting Monies earmarked by donors or by the terms of an appeal for particular projects are accounted for separately, in Restritted Funds. The notes to the accounts show the movements and balance5 on any such Restrlcted Funds. Unrestrlcted funds may be spent on any legitimate charitable aim as laid down in the Charity's memorandum of association. Unrestricted funds are held in the general reserve except to the extent that the Trustees consider it appropriate to make transfers to designated funds to meet the expected cost of planned awards for the future. As costs on such awards are incurred, they are charged against the designated fund to the extent that the fund proves sufficient. Any balance of such expenditure is charged against the general fund. If the project costs less than the amount in the designated fund, any surplus 15 transferred back to the general fund. The group's accounting systems allocate all income, expenditure, assets, liabilities and reserves between these funds. The statement of financlal actlvltles shows separately the income, expenditure and any transfers relating to restritted funds, designated fund5 and general reserve5. A55ets and liabilities attributed to each fund are disc105ed in the notes to the flnanclal statements. Income Donations and fundraislng event income are included in the Statement of Financlal Activltles when.. - the Charity is told it is to receive the gift or donation. - the Trustees are reasonably certain of the amount to be recelved; - the Trustees are reasonably certain they will receive the money,. and - any conditions for receipt are met. 25

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 (¢ontinuedl Atcountlng Pollcles {contlnued) Income Icontlnued) Legacies are recognised when it is probable that they will be received. Receipt is normally probable when: there ha5 been grant of a probate; the executors have established that there are sufficient assets in the estate after settling any liabilities to pay the legacy,. and any conditions attached to the legacy are either within the control of the Charity or have been met. Income tax recoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of the donation. Income from government and other grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Volunteers and Donated Services and Facilities The value of services provided by volunteers is not incorporated into these financial statements. Further detalls of the contribution made by volunteers can be found in the Trustees, annual report. Where services are provided to the Charity a5 a donation that would normally be purchased from a supplier, this contribution 15 included in the financial statements at an estimate based on the value of the contrlbutlon to the Charity. Expendlture Liabilities are recognised as resources are expended or as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Grants payable are payments made to thlrd partles In the furtherance ofthe charltable oblectlves of the Charlty. The grants are accounted for where either the Trustee5 have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the Charity. Irrecoverable VAT is charged against the category of resources expended for which it wa5 incurred. Cost Allocatlon The Statement of Recommended Practice requires that Costs are allocated where appropriate to charitable expenditure and to costs of generating funds. The Charity'5 central overheads, including staff costs, have been allocated to charitable activity and C05t5 of generating funds on the basis of the allocated time Spent by staff on those funttions with the airn of ensuring that those costs remaining with governance costs relate to the management of the Charitvs assets, organisational administration and compliance with constitutional and statutory requirement5. Costs of Raising Funds The costs of raising fund5 con515t of commercial trading costs. investment management fees, branch fundraising events and those other costs incurred in attracting voluntary income. Charitable Actlvitles Costs of charitable activitie5 include grant5 made and an apportionment of overhead and support costs. Governance Costs Governance Costs comprise all costs involving the public accountability of the Charity and its compliance with regulatSon and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs. Penslon Contrlbutlons The Charity pays defined contributions into the pension scheme5 of several employees. These amounts are charged to the Statement of Financial Actlvltles as they become payable and in accordance with their functlonal classlflcatlon. 26

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 {continued) Accounting Policies {continuedl Operating Leases Rentsl charges are charged on a straight-line bas15 over the tenn of the lease. Tan8lble Flxed Assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. C05t includes c05t5 directly attributsble to maklng the asset capable of operatlng as Intended. With the exception of those tanglble flxed assets whlch are held at an Impalred value, depreclatlon Is provided on all tsngible fixed assets capable of operating as intended, at rates calculated to write off the cost, less estimated residual value, of each asset on a 5yStematic ba515 over Its expected useful Ilfe as follow5: Equipment Fixtures and frttings Pavilion The Square Brandon Cotta8e 20% reducing balance IO% reducing balance, 20% reducing balance 20% on cost IO% on cost 2% on cost Impalmient Assets not measured at fair value are reviewed for any indication that the a55et may be impaired at year end. If such indication exists. the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carryin8 amount exceeds its recoverable amount, an impairment loss is reco8nised in profit or loss unless the asset is carried at a revalued amount where the impairrnent loss is a revaluation decrease. Flxed and Current Asset Investments Quoted Investments are stated at mld-market value. All losses and galns are taken dlrect to the Statement of Financial Activities as they arise. Realised gains and10sse5 on inve5tment5 are calculated a5 the difference between sales proceeds and openlng market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value lor purchase date if later). Debtors and credltors recelvable/payable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transartion price. Any losses arising from impairment are recogni5ed in profit or loss. Llabllltles and Provlslons Liabilities are recognised when there 15 an obligation at the balance sheet date as a result of a past event, it is probable that transfer of economic beneflt wlll be requlred In settlement and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the arnount it has received a5 advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obli8ation, Where the effett of the time value of money 15 material, the provision is based on the present value of those amount5, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance c05t. Flnanclal Instruments The group only has financial assets and financial liabilities of a kind that qualify a5 basic financial Instruments. Baslc financlal instruments are initially recognised at transaction value and subsequently measured at their settlement value. 27

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 Icontinuedl Accountlng Pollcles {contlnued) Stock Stock is valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a first in, first out basis. Net reallsable value Is based on estimated selling price less additional costs to disposal. Judgements in Applying Accounting Policies and Estimation Uncertalnty Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these key judgements and estimates have been made include the depreciation of fixed assets. the estimate of grant liabilities, the provisions for costs included within accruals and the allocation of donations and costs. Donations and grants Unrestrlcted Funds Restrlcted Funds 2024 Total 2023 Total Communitv Individual Giving Major Donor Corporate Trusts and Foundations Government Grants 640.335 91,824 69.305 618,052 29.800 5.400 608 645,735 92,432 69.305 626,052 147,835 564,109 81,905 73,677 535,169 301.667 16,514 8,000 118,035 £1,449.316 £132,043 £1,581,359 £1.573.041 Total 2023 £1,236,172 £336 869 £1,573,041 Legacies Unrestrlcted Funds Restrfrted Funds 2024 Total 2023 Tott71 Legacies 62,340 62,340 400,060 £62,340 £62,340 £400,060 Total 2023 £395,060 £5,OLRJ £400,060 In the prior year legacies included an exceptional legacy of £250,CM)O from the Joyce Mary Mountain Will Trust. Thi5 was in addition to the £650,000 exceptional legacy donation recorded in the year ended 28 February 2021 financial statements. There were no speclfl¢ restriction5 on the use of the fundin8. 28

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 {contlnued) Investment Income Unrestricted Funds Restricted Funds 2024 Total 2023 Total Income from portfolio investments 110,670 110.670 109,912 £110,670 £110,670 £109,912 Tota12023 £109,912 £109,912 Costs of Raising Funds Unrestricted Funds Restricted Funds 2024 Total 2023 Totol Postage Newsletter Fundraising expenses Opening stock Purchase of merchandise Closin8 Stock IT costs Banking and platform charges Website costs Branch fundralslng costs Investment management costs Staff trainlng Waverley premises c05t5 Support costs Apportioned staff costs 3.617 9.256 82,102 18,148 2,463 113,925) 21,067 2Z,958 2,502 1.106 25,076 906 30,560 3.617 9.256 82.102 18.148 2,463 (13,925) 21,067 22,958 2,502 1.106 25,076 906 30,560 2.168 7. 794 62,561 15,633 6,426 (18 148) 7,824 15,115 12,432 216 24.489 1,878 27.547 337.2(M) 337.200 305,414 £543.036 £543.036 £471,349 Total 2023 £471,349 £471,349 29

THE CANDLELIGHTERS TRUST Notes to the financial ststement5 for the year ended 29 February 2024 (continued Charitable Artivities Unrestricted Funds Restrlcted Funds 2024 Total 2023 Total Reseorch grants Total grants awarded (see note 241 Grants no longer required (see note 241 Other grants Total grants awarded (see note 24} Grants no longer required (see note 241 253,152 301,582 554.734 1.261 (44,003) 119.766 (SO,￿0) 119,766 (50,000) 300,959 (85.J29J Other chorltable activities Family financial sUPPOrt Support groups and parent information Holiday5 for families Recruitment costs Hospital Equipment and support Brandon cottage costs Depreciation of Brandon cottage and fittings @The Square Runnin8 costs Depreciation of The Square Wellbeing treatments and support Front line staff costs Staff costs covered by government grants Other family support Costs Support costs Depreciation IT costs Other 5UPPOrt costs Auditors, remuneration - payroll service5 Other staff costs- charity management and central support of charltable actlvities Staff costs covered by government grants Govemance costs {note 8} 121,745 37,003 162,912 796 19,063 6,660 8228 12,655 18,131 20.285 134,400 55,134 183,197 796 39,593 16.660 8,228 138,790 60.885 132,389 17,816 31,889 15.532 9,829 20.530 10,000 40,268 22,509 87A58 376A55 14,166 54.434 22,509 103,494 397,431 22,530 93,574 342,023 16,036 20,576 12,052 12,052 5,577 7A59 21,067 16,135 2,846 361,837 7,459 21,067 16.135 2.846 361,837 8,074 26,842 19,863 2,231 329,686 6,913 24.826 24.155 24,155 £1,651,966 £433,961 £2,085,927 £1,527,600 Total 2023 £1,229,303 £298,297 £1,527.600 30

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 (contlnued) Governance Costs Unrestricted Funds Restricted Funds 2024 Total 2023 rotal Auditors, remuneration Legal and professional Apportioned staff costs Meetings 9,642 5,182 7.350 1,981 9,64Z 5.182 7,350 1,981 10,445 5,468 1,913 £24.155 £24,155 £24,826 Total 2023 £24,826 £24,826 Expendlture Staff Costs Depreciation Other Costs 2024 Total 2023 Total Costs of raising funds Charitable activities (excluding governancel Governance costs 337,200 759,268 205,836 1,264,308 543.036 2,061,772 471,349 1,502,774 38,196 7,350 16,805 24,155 24,826 £1,103,818 £38,196 1,486,949 2,628,963 £1,998 949 Total 2023 £997,949 £40,433 £960,567 £1,998 949 io Staff Costs 2024 2023 Wages and salaries Social security costs Pension costs 968,468 81,899 53,451 884,237 76,221 37,491 £1,103,818 £997,949

THE CANDLELIGHTERS TRUST Notes to the flnancial statements for the year ended 29 February 2024 (continued) 10 Staff Costs {continued) The total employment costs to the Charity of the key management personnel during the year were £340.587 {2023: £315,604). These amounts are total staff costs and therefore include social security Costs and employerfs contribution5 to pension schemes. The average number of key management personnel. senior management team duringthe year was 612023.. 6}. Reimbursed expenses, which are all Subject to the Charitls processes of internal controls, do not form part of remuneration and are not included above. Expenses reimbursed to trustees In the year totalled £35612023: £216}. This was to one Trustee and was In relatlon to reimbursement of costs associated incuThed with fundraising events. All Trustees give their time freely and noTrustee remuneration was paid in the year. During the year monetary donations made by Trustees to the Charity totalled £12012023: £120). Trustees are also very active in promoting the Charity and organising and/or taking part in fundraising activities. The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 Number 2023 Number In the band £70,001- £80,(KJO Pension contribution5 of £3,57912023: £1,193} were paid by the Charity for the above employee. The average number of paid employees {includin8 part-time) was: 2024 Number 2023 Number Admlnlstration, management. fundraising and charitable expenditure support 37 36 The average full time equivalent of employees during the year was 34.2 {2023.' 33.21. The breakdown of employee5 per department was a5 follows.. 2024 Number 2023 Number Fundraising staff Front line support staff Charity management and central 14.6 10.5 14.3 34.2 33.2 32

THE CANDLELIGHTERS TRUST Notes to the flnanclal statements for the year ended 29 February 20241continued) 11 Comparatives for the Statement of Financlal Activlties Unrestricted Restrlcted Funds Funds 2023 Total INCOME AND ENDOWMENTS FROM Donations and legacies.. Donation5 and grants Branch fundraising events Legacies Trading activities- sale of 8ood5 Investment income 1,236,172 49,139 395,060 8,387 109.912 336,869 3,003 1,573,041 52.142 400,060 8,387 109,912 Total Income and Endowment5 1,798,670 344,872 2,143,542 Expendlture on Ralsln8 fund5 Charitable activities 471,349 1,229,303 471,349 1,527,600 298,297 Total Expendlture 1,700,652 298,297 1.998.949 NEf EXPENDITURE FOR THE YEAR BEFORE TRANSFERS 98,018 46,575 144,593 Transfers to restricted research (10,279) 10,279 NEf EXPENDITURE FOR THE YEAR A ￿ER TRANSFERS 87,289 57.304 144,593 Net Galns and Losses Gains / (105ses} on fixed and current asset investments Realised Unreali5ed 5,467 {216,782) 5,467 1216,782) NET MOVEMENT IN FUNDS {124,0261 57,304 166.722) Reconciliation of funds Balances brought forward at l March 2022 3,224.802 327,843 3,552,645 BALANCES CARRIED FORWARD At 28 February 2023 £3,100,776 £385,147 £3A85,923 33

THE CANDLELIGHTERSTRUST Notes to the financial statements for the year ended 29 February 2024 (continued) 12 Tangtble Flxed Assets Group and Charity: Freehold Leasehold Property Improvements Flttln8S Equipment fixtures Brandon Cottage @The Square Pavillon Brandon Cottage Total Cost As at l March 2023 Addltions Disposals 635,279 225,303 326,539 114,890 61.831 4,241 1,363,842 4,241 As at 29 February 2024 635,279 225,303 326,539 114,890 66,072 1,368,083 Accumulated depreciation and Impairments A5 at l March 2023 Charge for the year Eliminated on disposal 222,779 202,794 22.509 326.539 57.334 8.228 28.499 7,459 837.945 38,196 As at 29 February 2024 222,779 225,303 326,539 65.562 35,958 876,141 Net book value As at 29 February 2024 £412,500 £49,328 £30.114 £491,942 As at 28 February 2023 £412,500 £22,509 £57,556 £33,332 £525,897 The Trustees considered costs incurred in the building of the Pavilion are improvements on leasehold land owned by the Leeds General Infirmary. The Square costs represent capital improvements and internal fittings and furniture within a short leasehold property. The property hosts the family support centre of the Charity. The freehold property ￿preSentS the asset of Brandon Cottage. During 2021, the Charity gained more details about the planned new children'5 hospital including information on timescales, location and the possible accommodation for families. From these details. the most likely expectation is that accommodation will be available to families closer to the new location of the hospital than Brandon Cottage. As such. whilst we intend to keep the Cottage as long a5 it remains valuable to the families and the Charity which 15 expected to be for a number of years, the potential perlod of the value in use is likely to be shorter. Accordingly, having reviewed the expected value in use versus up-to-date market values obtained, the Cottage carrylng value was reduced to the market value in 2021. Thls resulted in an impairment in the financial statements of £194,388 being recognised in the year ended 28 February 2021. Given the latest expected timing of the new children's hospttal and current property values. a carrying value representln8 market value of £412.500 is considered to still be appropriate. 34

THE CANDLELIGHTERS TRUST Note5 to the financial statements for the year ended 29 February 2024 (continued) 13 Fixed Asset Investments Group Charlty Quoted Investments Market value at l March 2023 Addltlons Di5posa15 Net unrealised gains 3.162,965 3,162.965 515.324 515,324 11,469, 1301 {1.469,130) 65,519 65,519 2,274,678 2.274,678 Cash held in investment portfolio awaiting investment or distribution 296,149 296,149 Subsldiary undertakln8: ¢OSt 26,807 Market value as at 29 February 2024 £2,570,827 £2,597,634 Historical cost a5 at 29 February 2024 £2,348,297 £2.375,104 At 29 February 2024 and 28 February 2023, no individual investment represented more than 5% ofthe total investment portfolio. A separate investment portfollo with a lower risk categorisation is held for liquidity and working capital purposes and disclosed as a current asset in note 15. All investments are carried at their fair value. Investment in equitie5 and fixed interest Securities are all traded in quoted public markets, primarily the London Stock Exchange. A55et sale5 and purchase5 are recognised at the date of trade at cost (that is their transartion value). The significance of financial instruments to the ongoing financlal 5U5tainability of the Trust15 considered in the financial revlew and investment pollcy and performance sections of the Trustee5' Annual Report. The main risk to the Charity from financial instruments arise5 from uncertain Investment market5 resultlng in variable income and capltal returns from the portfolio of assets. Currency translatlon risks remain for those companies and bonds that are exposed to overseas earnings and assets. Whilst the investment portfolio has a long-term investment horizon, Ilquidity risk is anticipated to be low as all assets are traded on recognised exchanges with good liquidity and high trading volumes so assets can be realised qulckly. The Charity's portfolio has no material investment holdings in markets subject to exchange controls or trading restrirtions. The Charity manages investment risk by appointing professional investment managers and operating an investment policy that provides for a high degree of diversification of holdings within investment a55et classes that are quoted on recognised stock exchanges. The Charity does not make use of derivatives and similar complex financial in5trument5 as it take5 the view that investments are held for their longer term total return. Whilst some level of volatility can reasonably be experted historic studies of quoted financial instruments have shown that volatility in any particular five year period will normaify be corrected. 35

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 {contlnued) 13 Flxed A55et Investments (continued) Subsidlary undertakln8 The £26,807 investment represents a IC4)% holding in the issued share capital of Candlelighters Trading Limited, a company registered in England and Wales. The subsidiary was dormar)t with net assets of £26,807. 14 Debtors Group 2024 Charlty 2024 2023 2023 Arnounts falllngdue wfthin one year: Accrued legacy Income Prepayments and other accrued income 5.000 24,539 26,242 16,985 5,000 24,539 26,242 16.985 £29.539 £43,227 £29.539 £43,227 15 Current Asset Investments Group 2024 Charity 2024 2023 2023 Listed investments and cash 375,369 532,560 375,369 532,560 £375,369 £532,560 £375.369 £532.560 The fair value of listed investments is detennined by reference to the quoted price for identical assets in an active market at the balance sheet date. 36

THE CANDLELIGHTERS TRUST Notes to the financlal statements for the year ended 29 February 2024 {continued) 16 Liabllities: Amounts Falling Due Withln One Year Group Z024 Charlty 2024 2023 2023 Creditors in the ordinary course of artivitie5 Amount owed to subsidiary Accrua15 Social security Other creditors 27,065 22,335 27,065 26,807 18,624 19,315 426 22,335 26.807 21,401 24,498 14,076 18.624 19,315 426 21,401 24,498 14,076 65,430 82,310 92,237 109,117 Grant awards 667,166 780,187 667,166 780,187 £732,596 £862.497 £759,403 £889,304 17 Liabilitie5: Amounts Falllng Due After More Than One Year Group 2024 Charfty 2024 2023 2023 Grant awards £275,178 £279,712 £275,178 £279,712 18 Reconclllation of Grants Awarded Group and Charity 2024 2023 Openlng liability obligation 1,059,899 1,469,822 Grants awarded in the year (note 24} Provisions no longer required {note 241 674,51XI (50,000) 302,220 (129,132) Paid during the year (742.055) f583,OlOJ Closing Ilability obll8ation £942,344 £1,059,899 37

THE CANDLEUGHTERS TRUST Notes to the financlal ststements for the year ended 29 February 2024 Icontlnued) 19 Analysls of Group Assets between Funds Restrlcted Funds General Funds Total Funds Tangible flxed asset5 Fixed asset investments Other current assets Liabilities 491,942 491,942 2,570,827 2,570,827 587,983 623,356 11,007,774) 11,007,774) 35.373 Net assets at 29 February 2024 35,373 £2,642,978 £2,678,351 20 Taxation The Candlelighters Trust is a registered charity and therefore is not liable to income tax and corporatlon tax on income and gains derlved from it5 charitable activities as It falls within the various exemptions available to registered charitie5. The subsidiary does not have charitable status and Is fully subject to taxation. At present the trading 5ub5idiary is dormant and has not traded within the financial year. 21 Trustees Interests and Related Party Dis¢10sures Trustees are requ ired to declare an interest in contract5 Wlth which they are connected. Several Trustees use their expertise in areas affecting The Candlelighters Trust but no Trustee had any significant personal financial interest in contracts with the Charlty during the year. Medical Trustees and mernber5 of the Medical Revlew Panels are not precluded from applying for grant funding for projects. Interests in projects are required to be disclosed and the relevant Trustee5 and panel members take no part in the declsion process. Their projects are assessed using the same crlteria as that which applles to all potential grantees. Capitsl The Candlelighters Trust Is a charitable company, limited by guarantee and has no share capital. The members have agreed to contrlbute £1 each to the Charity'5 assets in the event of it winding up, if its assets should prove insufficient to cover It5 liabilitie5. 38

THE CANDLEUGHTERS TRUST Notes to the financlal statements for the year ended 29 February 2024 Icontlnued) 23 Movements in Funds Movement5 in Funds- current year Ati Incomlng Marth Resource5 2L)23 Resour￿$ Expended Re5trlrtK Ftsll filled Other Transfers Other Gain5 & L055es At 29 February 2024 Unrestrfded funds Free Charltable Reserve 1.673m9 1ffj32A25 {1.8744341 49.561 S42￿76 55218 1078.745 Flxed 0$5ets r•s•r¥e lTh>te iz) 525.897 138,1961 4,241 491,942 Deslgnated Fundsa Dl8ltal 101.511 {29,220) 72.291 Designated Fund5-￿￿por11ve Care 71Kl.269 1253.1521 {447,1171 De5thnated FundswRe5earch Pot ioo,fy 1100.0￿) RestrldEd Funds Research Fund 299.731 1,851 13015821 Children tn Need- Twin Vision 10.589 110,5891 Harryand Mary 10,000 10,000 li0j￿0) {6.756) 3,244 Clay Days 19,576 119,5761 Mazar5 114.1361 ups 140451 Susie P Foundatlon Iqooo iio.000) Other 29.206 IIIWJ7 167m31 142.805) 31265 Total É3A85,923 £1,766,173 (Ei62&9631 £5S.218 £2ffi78,351 39

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 (continued) 23 Movements In Funds (continuedl Movements in Funds- prloryear Atl March 2022 Intomlng Resour Resources ExpEnded Restrltth)n Full fllled Othèr Transfers Other Galns & Losses At 28 FebNary 202a Unr•sirftted fvnds Free Charltable Resen 1.577.306 1.79fj670 11.615.930) 33,275 91.093 1211.3151 1.673.099 Flxed assets re5ery• Ingte S55￿30 1410N33) 100 525W7 Desl8nated Fu￿1$• Dlgital 145WJQ 144,289) ioi,sii Desllnated Fun&Supportt¥e Care 746,166 I45￿97) 700,269 Des4￿ated Funds¥Re5earch Pot iooJJoo 100.ooo Designated Fund5v N•wChildren's Hospltal 100.000 (loo,￿0} Restrlrted Funds Research Fund 253.834 3J54 112611 299.731 Chlldr•n In Need-Twin Vi51on 1¥693 11.1041 10.589 MI)￿nent lorGood 7ASS 17,455} Harryand Mary 6,808 i0.￿MI I6￿08) 10000 Clay Trdys 22,653 153A1771 19.576 NHS CharftSes together 39.600 139.6001 Ken & Lynne Morrlson Trust 100.0 lio0.0￿) M3zars UPS 12.329 111,2841 Susle P Foundation 10.0 I10￿00) 1.711 147121 Other 23,688 104,789 165,996) 133.2751 29.206 Total É3,552.645 £2,143,542 El¥998.9491 £1211,3151 £3A85923 40

ThE CANDLEUGHTERS TRUST Notes to the financlal statements for the year ended 29 February 2024 (continued) 23 Movements In Funds {continued) Restrfcted Funds Monies donated to the Research Fund are restricted solelyforthe purpose of funding research. The Children in Need - Twin Vision fund is donations from Children in Need restricted solely for the purpose of an animation projett supported by Twin Vision or similar activities. This restricted fund was fully utilised in the year. The Harry and Mary fund reflects fundinB received from the Harry and Mary Foundation. The £10,000 received in the financial year was restricted to the funding of the Band 4 Outreach Play Specialist. A prior donation of £IO.WO was a150 fully utilised in the year relating to funding restritted to family holidays. The Claydaysfund represents donations received in the priorfinancial year from the annual Yorkshire Charity Clay Days event in 2022 from whlch we received £50,CM)O restricted to the salary costs for two Community Support Workers for one year. The remaining fund was fully utili5ed in the financial year. The Mazar5 fund is restricted towards children's talking therapies. The UPS fund Is restricted to Christmas grants for families, children's talking therapies and family holidays. The Susie P Foundation have agreed to fund £10,000 per annum for three years restricted towards the costs of the Candlell8hters Cottage. Any amounts showing as "Restrittion Fulfilled" agalnst restrirted funds is where we have fulfilled the conditions of the fiJndin8typicallyfrom the duration of the Charity fundinga particular project or role where the reserves may have been reduced and expenditure recorded in a different financlal period because of the accounting for grants payable being at commitment date. General Funds The general Free Charitable Reserve can also fund research. The fixed assets reserve represents funds tied up in tangible fixed a55ets and so are fund5 whlch are excluded from "free" general reserves. The fixed assets can be seen in note 12 and the rnajority of the asset value and associated reserve relates to the Candlelighter5 Cottage. Designated Funds The Digital deslgnated fund refletts funds designated to making the Charity more digital. This is deemed a critical stratebry in order for the Charity to keep pace with the times and keep relevant. 41

THE CANDLELIGHTERS TRUST Notes to the financlal statements for the year ended 29 February 20241contlnued) 23 Movements In Fund51continued) Designated Funds {continued) The Supportive Care designated fund reflects the Board's strategy to support the development of a new research programme in supportive care which will focus on reducing the side effects of treatment and improvin8 quality of life. The Intended investment In the programme 15 £1.0 mlllion over five years. During the financial year, the Charity committed to years I to 3 of the programme totalling£554,734and the Candlelighter5Supportive Care Research Centre launched in November 2023. The £554,734 committed utilised all of the restricted Research fund {£301,582} and £253,152 of the designated fund. The expectation was always that the Charity would attract funding to support the programme to ensure Free reserves were replenished but there was a need to ensure a sufficient level of funds were available beforehand to credibly ensure such a major programme could be initiated and launch. Given the fundraising environment and pressures on the cost base, our Free Reserves fell below our target level during the financial year. Accordingly. to bring Free reserves back in range, the Board de-designated any remaining amount of the designated reserve for supportive Care totalling £447,117 which effettively represented years 4 and 5 of the programme. Therefore. funding for those years is subjett to the financial position of the Charity and any funds received against the programme. The Research Pot was a designated fund for other research beyond any restricted and designated amount5. The Board de-designated the remaining reserve to the Research Pot in the financial year due to recent research commitments made including that Specifically into Supportlve Care. As the Charity reviews its future strategy, it will continue to considerfunding other research subject to other commitments and Charity reserves. 42

THE CANDLELIGHTER5 TRUST Notes to the financial statements for the year ended 29 FÈbruary 2024 (continued) 24 Grant5 Awarded 2024 2023 Research ants Sue Burchlll travel 1,261 Candlellghters Supportive Care Research Centre (support for 3 years) 554,734 £554,734 £1,261 General rants Etker51ey House- l year extension 10,000 iO.OL Dinner Supervisor- l year extension 27A35 Paediatric Radiographer- 8 month/1 year extension 17,769 25,800 Playleaders- l year extension 63,000 70,900 Lead Nurse- 2 year perlod 70.097 Youth Activlty cO￿rdInator- 2 year period 67.000 Outreach Chemotherapy worker- Z year perlod 57,162 Other 1,562 £119,766 £300,959 Total £674,500 £302,220 In addition to the grants awarded there was a £50,OCK) (2023: £129.1321 release in the yearfor historlc fundin8 awards not utili5ed meaning grant provlsions were no longer requlred, The rnain grants this related to were a Playleader grant (£20,964}. Dinner Supervisor grant1£12,232) and Paediatric Radiographer Brant1£12,020). The full fundlng awarded was not utlised forthese grants malnly due to staff vacancies and absence for roles funded therefore costs were lower than originally applled for in the funded period. 25 Controlling Party The Trustees of The Candlelighters Trust are considered to be the controllin8 party of the company. 43

THE CANDLELIGHTERS TRUST Notes to the financial statements for the year ended 29 February 2024 (continued) 26 Operating Lease Commitments At 29 February 2024. the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows: 2024 Total 2023 Total Within l year Between l and S years 24,567 IOA25 30.008 14,392 27 Contlngent assets and Ilabilltles At the year end. the Charity had contingent liabilities totalling £692,95512023: £248.0001 relating to conditional grants. These grants are payable following successful progress reviews and the Charity reserves the right to terminate the funding agreement at their discretion based on thi5 review. Accordingly they are not provided for in the financial statements. The Charity intends to fund these grants out of funding received in the future. 44