2025-03-31-accounts

ri ,)￿nKYal. Water rswEDA SUPPORTING PEOPLEWIIH. EATING DISORDERS ACROSS THE SOUTH & WEST Impact Report April 2024- March 2025

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Welcome to SWEDA’s Impact Report 2024/25

Contents

3. Introduction

4. What we do

5. Why it matters

6. Our impact: adults

7. “Trusting my own voice”: M’s story

8. Our impact: children & young people

9. “A fantastic service”: A parent shares their story

10. This year’s highlights

11. More from 2024/25

12. #WhatRecoveryMeansToMe

13. Income & Expenditure 2024/25

14. Here’s to you

15. How to support SWEDA’s work

16. Our vision, mission, and values

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Introduction

In April 2025, MP Wera Hobhouse described eating disorders as ‘one of the largest treatment gaps in modern healthcare’.

The incidence of these life-threatening conditions have grown alarmingly in the last decade. Research among young people in 2023 showed 75% of women aged 17-19 and 50% of men screened positive for possible eating problems.

This report shows how SWEDA has continued to rise to the challenge.

In the last 5 years we have tripled the number of children, young people and adults we support. In 2024/5 we supported 1,199 people 1-2-1, and our specialist team met thousands more through outreach and training. We have expanded into Oxfordshire, made changes to speed up access to our current services and developed new ones. We have increased the training offered to our own staff and invested in building a communications and fundraising team to raise awareness, tackle stigma and misinformation and make SWEDA’s future more secure.

A huge thank you to the staff, volunteers, trustees, funders and partners who made this possible, and who are helping us to shape SWEDA’s future as we work on our new 5 Year Strategic Plan.

We will continue to meet the courage of our clients with our ambition to provide quality expert support for people of all ages with eating disorders in the South & West.

Ian Creek Interim Chair [e-mail]

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What we do

Therapeutic Daisy Project Support Calls counselling 1-2-1 sessions with a CBT-informed, 12 session Series of calls centred on specialist counsellor programme recovery goals ~~e~~ H)

Nutritional Support Mindline Support Groups 1-2-1 sessions with our In-person and online, A twice weekly eating qualified nutritionist facilitated by counsellors disorders helpline “e ~~G~~ Therapy for Children Parents & Carers Information for and Young People Support Families With specialist therapeutic A series of support calls or Educational events and support workers counselling sessions online resources ~~e~~ e Schools and Educational Outreach Finding Food Freedom Colleges Support Raising awareness about Specialist support Peer support programme EDs and SWEDA’s work in focused on BED recovery

Schools and Colleges Support Specialist support sessions for students

Educational Outreach Raising awareness about EDs and SWEDA’s work in the wider community

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Why it matters

Eating disorders are serious illnesses affecting millions of lives in the UK.

Eating disorders can be incredibly damaging to a person's mental wellbeing and physical health, and they can become life threatening. They can also have a profound affect on families and loved ones.

The number of people affected is growing.

The NHS estimated in 2019 that 2-3 million adults of all ages could be affected by eating disorders,¹ and more recent statistics show that 12% of 1719 year olds – and nearly 21% of young women in that age group - have an eating disorder.² The demand for our services, and the complexity of the challenges faced by our clients, grows every year.

Recovery is always possible.

Getting specialist support early on is the best way to help people recover, which is why access to local preventative expert support is so important. In many parts of the UK there is no face to face support available until someone is ill enough for an NHS diagnosis. We want SWEDA's services to be available to everyone who needs us.

“MY SESSIONS HAVE DEFINITELY GIVEN ME THE TOOLS I NEED TO CONTINUE MY RECOVERY AND TRY TO DO THE NEXT PART ON MY OWN.”

SWEDA CLIENT 24/25

¹NHS England 2019: Adult Eating Disorders: Community, Inpatient and Intensive Day Patient Care ²NHS England 2023: Mental Health of Children and Young People in England

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Our impact

1,199

clients supported

6,047

therapuetic sessions delivered

18%

increase in clients from 2023/24

How our adult clients feel:

83% 80%

reported an improvement in disordered eating thoughts and behaviours

reported less psychological distress.

85%

reported improved wellbeing.

“THE HELP I RECEIVED AT SWEDA HAS BEEN FUNDAMENTAL IN STARTING MY JOURNEY BEYOND MY EATING DISORDER, PARTICULARLY AS THIS IS NOT SOMETHING I COULD FINANCIALLY ACCESS OTHERWISE.”

SWEDA CLIENT 2024/25

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M’s story

“I have struggled on and off with an eating disorder for over 10 years.

SWEDA’s Daisy Project helped me to think about recovery as something that I could reach. I now have a clear plan for how I want to move forward, trusting my own voice towards recovery.

I learned that I don’t have to do everything all at once. I have become more open with friends and family when I am finding certain situations difficult. I have also been working on exercise and am slowly making positive changes, like stopping when I can feel I am only carrying on because of the ED voice.

The help I received from SWEDA was incredibly impactful. I felt really understood, heard, and at times challenged, but always met where I was at.”

“I CAN’T BELIEVE HOW MUCH I HAVE MANAGED TO CHANGE. I ACTUALLY FEEL REALLY PROUD OF MYSELF.”

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Our impact: children & young people

165 1,030 children & young therapuetic people supported sessions delivered

21% increase in interventions delivered

How our children and young clients feel:

84%

100%

reported an improvement reported less in disordered eating psychological distress. thoughts and behaviours In-person and online, facilitated by counsellors

87%

reported improved wellbeing. A twice weekly eating disorders helpline

“MY SWEDA THERAPIST WAS HELPFUL, KIND AND GENTLE. SHE REASSURED ME, AND VALIDATED MY EXPERIENCES AND FEELINGS.”

YOUNG CLIENT 2024/25

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A parent shares their story:

“I was desperate for help for my daughter.

And I got more than I could possibly expect from SWEDA. Lots and lots of support and understanding and a great amount of information and tips to help her.

I think SWEDA is a fantastic service. The support I received was second to none. The empathy and understanding I have received is overwhelming.”

“YOU HAVE SUPPORTED ME DURING ONE OF THE TOUGHEST TIMES OF MY LIFE. THANK YOU.”

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This year’s highlights

Growing our services

In 2024 we launched a new service in Oxfordshire’s NHS Wellbeing Hubs. Over 2024/25, we’ve grown the Oxfordshire team to 5 specialist Therapeutic Support Workers.

SWEDA now partners with Mothers 2 Mothers in Bristol, to give new mothers access to 1-2-1 eating disorder support with Therapeutic Support Worker and Perinatal Champion, Kat.

We’ve been able to offer in person therapeutic services to adults in Bath for the first time, with special thanks to support from the Roper Family Charitable Trust and Bath Women’s Fund.

We introduced a new, 16-week workshop series, for people affected by binge eating. ‘Finding Food Freedom’ provides opportunities for personal reflection through discussions, group exercises, and homework.

Thanks to the support of the Prudence Trust, we’ve been growing our services for parents and carers supporting a child with an eating disorder, including information evenings, resources, nutritional support, and expert counselling.

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Working in partnership

REDCAN, the network of regional eating disorder charities we co-founded in 2020, has recruited a Development Director to start work in April 2025 to enable us to do more together to raise awareness and funds for our essential work

We continue to work closely with the NHS, the ground breaking Open Mental Health coalition in Somerset and the VCSE Mental Health Alliance for Bristol, North Somerset and South Gloucestershire to offer joined up support to people in the South & West.

SWEDA partnered with equality charity BRAP to grow our understanding of anti-racism through a series of engaging, transformative workshops for our team and trustees.

Growing our reach

At the start of 2025 we welcomed Gavin, our Fundraising Manager, and Peter, our Fundraising Officer, to help raise awareness about eating disorders in our community, and how people can support SWEDA’s work.

We launched #WhatRecoveryMeansToMe, our social media campaign sharing reflections from people with lived experience, families, and professionals. Thank you to everybody who contributed artwork and written reflections!

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#WhatRecoveryMeansToMe

In the past year we launched a new project gathering stories from the SWEDA community and beyond, inspired by the prompt #WhatRecoveryMeansToMe. Here’s just a few of the reflections that were shared with us:

Charlotte

"Recovery for me means having a life, being able to engage in what's going on rather than living in my head. It allows me to build relationships with people because I am not totally preoccupied with food. In essence recovery means running in to life rather than away from it."

Hannah

• “I am an auntie to my sister’s two beautiful boys – Wilfred and Stanley – and there is nothing more freeing than letting go of the control I once needed to survive, in order to show up for them every day.”

Dave

“For me recovery was what I had to gain back - my sense of humour, sense of fun, sense of enjoyment. Because when you look at what you have to gain, rather than what you have to lose, recovery is a no-brainer.”

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Income & Expenditure 2024/25

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Our income

Charitable activities - £1,174,599 Donations & grants - £116,488 Investment income - £50,035 £1,341,122

Our expenditure

Charitable activities - £1,033,903 Raising funds - £113,342

£1,147,245

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Here’s to you

We want to say ‘thank you’ to everyone in our SWEDA Community who has supported our work this year:

10,140

400+

volunteer hours readers of our

contributed by our SWEDA e-newsletter In-person and online, placement counsellors facilitated by counsellors

1.5k

followers on A twice weekly eatingsocial media disorders helpline

And to the funders, donors, and community organisations whose generosity means we can continue to be there for our clients. Without your support, none of this would be possible!

“I FEEL SO LUCKY THAT I WAS ABLE TO ACCESS THIS SERVICE.

I FELT LISTENED TO AND SUPPORTED WITHOUT JUDGEMENT.”

SWEDA CLIENT 2024/25

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Be a part of SWEDA’s future

When you donate, fundraise, or give your time for SWEDA, you’re helping us make a difference to somebody’s eating disorder recovery. As a charity, we’re counting on the support of our community to be able to keep providing our specialist support services to those who have nowhere else to turn. We hope you can help.

Donating to SWEDA means you’re helping us provide our core services – such as our expert-led therapeutic services, support groups, and outreach to schools. These provide a vital lifeline for our clients.

Fundraising is a great way to raise awareness about our cause. Take part in one of our fundraising events, get stuck in with making and selling something crafty, or fundraise for us at your own special event.

If you’re a local business wanting to make a difference in your community, we’d love to hear from you. Partnership opportunities include: event sponsorship, PR link ups, teambuilding challenges. Get in touch with us to find out more.

And there’s many more ways to show your support, such as sharing your story with us, collaborating on a piece of social media content, or including us in your will. To find out more, drop our Fundraising Manager, Gavin a line at [e-mail], or visit swedauk.org/support-us.

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NEDA
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SWEDA’s Vision Our vision is to support everyone affected by eating disorders across the South & West.

Our mission statement

We engage with people affected by eating disorders including family and friends, offering hope and enabling access to support services to empower recovery.

Our Values

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Accountable
Compassionate Hopeful Ambitious
holding ourselves and
To our clients and believing that recovery the people we work with we want the best for our
each other is always possible to a high standard clients and for ourselves
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www.swedauk.org

UK Registered Charity 1056441 UK Company Limited By Guarantee 3208772

SWEDA LTD FINANCIAL STATEMENTS 31 MARCH 2025 Charity Number 1056441 Company Number 0320877

SWEDA LTO Contents Page Reference and Administrative Information Trustees. Annual Report 3-15 IndependentAuditors' Report 16-19 Statement of Financial Activities 20 Balance Sheet 21 Cashflow Statement 22 Notes to the Financial Statements 23-36

SWEDA LTD REFERENCE AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 2025 Registered Charity Name: SWEDA Ltd Registered Company number: 03208772 (England and Wales) Registered Charity Number: 1056441 Registered Office: The Coach House Ha￿est Court. Park Road. Shepton Mallet. Somerset. BA4 5BS Website: Trustees: The Trustees. who are also directors undercompany law. who served duringthe year and up to the date of this reportwere as follows: Sarah Hall (resigned 26102120251 Meg Potts Karen Prosser (Resigned 26102120251 Edward Day Rebecca Partos lan Creek Rhiannon Roberts (appointed 1510512024- resigned 0210812024) Hannah Lewis (appointed 1510512025) Katherine Gee {appoirsted 07107120251 Bryn Sayle {appointed 1610612025) Quality & Governance Sub-commitlee: Meg Potts, Hannah Lewis & Sam Best Finance Sub-committee: Edward Day. Karen Prosser. lan Creek. Fiona Bevan & Paula Blight Clinical Sub-committee: Rebecca Partos. Sarah Hall, Hannah Lewis & Nerissa Shaw RemunerationlHR Sub-committee: Karen Prosser. Sarah Hall. Meg Potts, & Paula Blightlsam Best Income Generation & Comms Sub-commiltee: Sarah Hall. MegPotts. lan Creek. & Deborah Xavier

SWEDA LTD REFERENCE AND ADMINisfRATIVE DETAILS YEAR ENDED 31 MARCH 2025 Senior staff: Paula Blight Sam Best Nerissa Shaw Deborah Xavier Chief Executive Chief Operating Officer Clinical Lead Head of Fundraising Principal Bankers: CAF Bank Limited Kings Hill West Malling Kent ME19 4TA Audltows: AC MoLe LLP Chartered Accountants and StatutoryAuditor Stafford House Blackbrook ParkAvenue Taunton. TA12PX

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The purposes of the chaTity as set out in the schedule to the Articles of Association dated 19" December 2003 {as amended on November 2022). are to promote any charitab18 purposes for the benefit ofthe eommunity in the county of Somerset and surrounding areas and in particular the advancement of education. the protection of health and the relief of poverty. distress and sickness and in the furtherance of the said purpose. but not further or otherwise. to provide services, facilities and training for the relief of those suffering Irom or affeGted by eating disorders. Our charity is for children and adults and their carers and families with an eating disorder within Somerset and acioss the surrounding areas across the South & West of England. We listen without judgement and work with clients to find the most suitable tailored support that is right forthem. We empower clientsto take control of theirown recoveryan(J their life. We also provide expert training for healthcare and education professionals to improve early intervention and holistic support. SWEDA is known for our pioneering approach over three decades. delivering excellence in everythingwe do. Objectives, actlvitios & achievements Demand for our services continues to grow. and we have been fortunate aggin this year to support this alongside financial growth. While we Bre rapidly expanding, we are Garefully considering how to do this strategically, sust8inably, and effectively. Ourfocus remains on better meeting the needs of our clients. enabling us to 5UPPOrt more individuals each year. A key enabler of offering additional serwces is additional space, as space has become a premium. As part of our premises strategy and medium-term solLJtion. we extended our lease term at Harvest Court and acquired extra space next door at Highfield House. moving our Children's service into this 8dditional space. Both leases will secure us space until 2029. This decision gives us time to consider the provision of a larger buil(5ing, whilst demand for space remains high, allowing us to establish a 'Cenlre of Excellence, tor Eating Disorders in the South West. Future premises decisions involve many considerations for example this may include exploring ownorship, which could offer th8 addedvalue ofa good investmentopportunityalongsid8 a solid foundation for the charity's long-term stability and future growth. Later in this report, we outline new reserve designations that support the realisation of our strategic goals over the next 3-5years. We continue to observe an increase in the complexity of mentsl health challenges experienced by individuals with eating disorders, as well as a rise in the numb81 of people seeking our support. This year, we provided one-to-one support to 1,199 individual clier)ts. marking an 18% increase from the previousyear. Ourchildien andyoung people's seNices also continue to expand- during the year, we delivered 1,030 therapeutic sessions. reflecting 8 13% increase in the number of sessions off ered while semng the same number of clients. as last year. due to our younger clients needing longer interventions. Although the overall average cost of support per client remains a significant value at £1,000, we are experiencing higher costs within our children's and young people's senrices. This is not only due to the increased number of sessions required by young people but also includes the additional costs associated with navigaling their combined support network of parents. education, and health serwces.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 This ye8r m8rked our first year without the development of a new NHS Contract, allowing us to wisely invest time in securing funding from alternative sources to support and sustain the d iversification of our income. in line with our long-term plan. Durin£ thi5 period. with increased emphasis on fundraising and building on existing relationships with Trusts and Foundations. and we initiated some fruittul discussions about the limited opportunities for eating disorders funding. As a result,we were invitedtohelp preparea fundingopportunityforan allianceof eating disorder organisations across the UK. we pitched our ambitious plans for REDCAN (Regional Eating Disorders Charities Alliance and Network} to employ a Director who could lead REDCAN into its next phase of development. These discussions resulted in two Trusts jointly funding a one-year pilot project tor a Director for REDCAN. with the potential for extension if successful. Additionally, this process also involved further conversations. leading to an approach with the aim of investing in SWEDA'S infrastiucture to support our continued growth. enabling us to recruit a finance Managerand Training Manager. The Iwo funds also provided a three-year grant foi our Children's Service and our Nutritional Sep4ices. We have 81s0 expanded our counselling service across a wider geographical area, including Bristol, North Somerset. South Gloucestershire. and Bath. A key component of our grassroots work and an enhancement to our NHS offer which all adds to widening the eating disorders SLlPPOrt serwces offer to wider local communities where we work. Furthermore. we grew our nutritional gUPPOrt offer. launched our 'Finding Food Freedom. a 16 week binge eating disorder group therapy program all working towards enhancing our comprehensive care package and expandingthe holistic supportwe offerto individuals on their recoveryjourneys. All of our services continue to offei a combination of virtU8L and in-person options. giving our clients greater choice and flexibility- This approach allows us to extend our reach across the entire region, supporting individuals who may be unable to travel to our physical locations. Our data, independently verified by the Children's Outcome Research Consortium ICORCI, demonstr8tes exception81 outcomes as detailed below: Foradults 83.30h of ourclients reported an improvement in their disorders eating thoughts and behaviours, 79.70/0 reported legs psychological distress. 85.1% reported improved wellbeing. For children and young people 100%¢ reported an improvement in their eating disorders thoughts and behaviours, 84% + reported less psychological distress" 86.7% reported improved wellbeing. Although we have seen a slight drop in our adult results compared to lastyear. our resulls for children and young people have been phenomenalwith 1000h reporting they have seen an improvement in their eating disorders thoughts and beh8viours.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 All ofour achievementsandthe positive impactwe make in ourcommunitywould notbe possible without our unwaveringcommitmentto ourcorèvalues. SWEDA's¢oievalues arethe foundation of everything we do. They guide our actions. shape our culture. and define our commitment to our clients and community. By embodying: 1. Compassion 2. hope ambition accountability We ensure th8t our services are not only effective but also empathetic and empowering. These values are embedded in all aspects of our work, fiom the way we interact with clients to the strategic decisionswe make.Theyguide ourapproach to providingtailored support. empowering clients to take control of their recovery, and ensuringthat we deliver excellence in everythingwe do. Public benefit statemènt The Trustees confirm that they have p8id due regard to the Charity Commission's general Éuidance on public benefit under the Charities Act 2011. In particular. they considered how planned activities will contribute to the aims and objectives of the charity and are satisfied that all activities continue lo be related to its purpose as set out in the governing document. The charity exists to empower children and adults with eating disorders to take control of their recovery and our public benefit is best understood through the wordg of those Individuals themselves- we have shared as much as possible within this report. Contributions made byvolunteers During the year, we relied on the generous support of 39 volunteers. many of whom have lived experience of an eating disorder. We are so thankful foi the time. enthusiasm. Ihought, and expertise given by every single volunteer. Together. they contributed 10.140 hours. valued at £127.264 Ib8sed on the Real Living Wage of £12.60 from the Living Wage Foundation}. Most of ourvolunteers workwithin our counsellingservicetogain invaluableexperience 8nd confidence in working with eating disorders whilst working towards their Level 4 and 5 counselling qualilications. This year, we trialled volunteers 8t the beginning of their counselling journey and who are studying for their Level 3 counselling qualification. we provided them with training and support and they used their skills to support our clients on our waiting list- a key are8 of service delivery management. The trial was successful in both service delNery and volunteer development. ensuring they understand SWEDAS approach as they progress to the next level. It has also provided us with a great resource forthe next cohort of Level 4 counselling placements.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Our counselling service thrives thanks to the dedication of our specialist volunteers. who undergo rigorous training, clinical supervision. ongoing support. and continuous professional development. Many of our volunteers transition into paid positions. and a significant number of our current clinical management team have risen through the ranks from volunteer role5. We take immense pride in the fact that some of our successful applicants began their journey with us as volunteers, bringing valuable lived experience to our incredible team. Our Therapeutic Services Manager plays a pivotal role in shaping the future of our charity. with a key focus on developing and managing our expanding volunteerteam. Volunteers bring immensevalue to ourwork, and wecould notachieve the impact we dowithout their time. passion. and dedication. he trqibt4tr* wos irfoYvMatsV¢. tt Led >M¢ to fi$￿ eth¥si4St¢& to be vvt rfsww bK¢ktt ioAds rfthe woyk thRt ks do￿ th¢ tea￿l SWEDA Counselling Volunteer In addition, we have significantly grown our trustees this year in terms of numbers. experience. and diversity. Despite our best efforts to expand the board to seven members. two members resigned towards the end of the year, bringing us back to five. Our ongoing plan is to prioritise the development ofthis keyarea as we move forward. ensuringwegain the expertise needed for our growing organisation. We are extremelygratefulfor thevoluntarycontributions from staffwithin companiesthroughout the region. We continue to receive pro-bono supportfrom corporate partners who assist us with a range of services. including architectural advice for the initial phase of our premises review and the use ol accommodation. Our thanks also go to our Trustees, who dedicate 8 considerable amount oftime totheirvoluntary roles onthe Board, steeringSWEDAwith theirexperlise. unique insight, and commitment to this charity. A very special thankyou goes to our SWEDA clientswho allowus to share their stories or quotes on our website, in our fundraising appeals. or on social media. This contribution takes great strength, and sharinE the positive impacl that SWEDA makes in their lives helps our supporters see the difference their donations make. These stories also help SWEDA reach individuals who may desperately need support.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Financlal review Total income for the year was £1.34rn {2023124: £1.02k} equating to 3196 growth. Income from donations and grants was £116k12023124: £138kl. income from charitable activities Iprimarily newcontracts and service deliverygrantsl was £1,175k12023124: £866k) and investment income was £50k12023124: £18k). We are delighted that ourcarefullydevised strategic plan has broLJght significant success in this last year with increased income overall and aim to see results in income generation from investtnent in fundraising in 2024125. Total expenditure fortheyearwas£1,147kl2023124: £827k). a39% increaseonthepreviousyear. This resulted in an operational surplus of £194k (2023124= £195k surplus). In line with ourfundraising grovrth plan, expenditure on raisingfundswas £113k (2023124.. £75k}. Expenditure on charitable activities this year reflects sound progress in growing th8 service to meet unprecedented demand and a consequent increase in income from charitable activities. High demand for our support is being managed through steady growth in service capacity alongside careful investment in our infrastructure to ensure a solid foundation from which to manage next y8ar's planned staff and volunte81 intake. During the year. we utilised £159k of our designated funds out ot a total allocation of £400k. These f unds were critical in advancing several of our key initiatives. The entirety ot the service provision fund was directed toward our low-cost counselling service. ensuring accessible support forourcommunity. Additionally, a significant amount of the designatedfunds supported the Continued implementation of our fundraising expansion. vthere we are actively exploring diverse income streams to strengthen ourfinancial resilience. The digtal budget saw a smaller expenditure. with £33k used: due to delays in the project launch. the remaining £187k will be carried fomard into next year. Laslly. the premises budget remains earmaiked. as detailed in other sections of this repoTt. to support a sustainabLe long-term solution for our facilities. This approach to designated funds underscores our commitment to strategic growth and prudent resource 8llocation. Funds At 31 March 2025, totalfunds held 8mounted to- £1,319k12023124: £1,126k} Of these, restricted funds were: £101 k (2023124= £182kl Designated funds were: £571k {2023124: £400k}

SWEDA LTD TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The charitys unrestricted resoNes were: £1,218k (2023124". £944kl which represents 9 months of budgeted expenditure against a policy of 9-12 months (representing £1.2 - £1.6m 24125 which has been calculated as an average for this purpose}. The charitys unrestricted, uncommitted reseNes (free reserves) at the year-end amount to £647.50412024: £543.512) More detail on the purpose of our designated funds can be found below, these amounted to: É40k= Service provision (additional: training project. training lead and associated costs} £40k.' Service staff development £187k: Digital. Data and IT (investment in line with planned growth 8nd in line with the size of organisation. including employment of a manager to lead the project, developmentlupgr8de of ourdatabase, digital and IT system) £304k.. Premises (continued accumulation of lunds towards our long-term plan for purpose builtllaiger premises) Althoughwe have been successfulwithfunding.we are mindfulolsustainable growth. Therefore. we are planning for steady m8nageable growth. led by investment in infrastructure followed by investment in staffing and additional service offering, some of which will cross financial years. 2025126 financial accounts will see further increases in expenditure as we make these investments, ultimately decreasing our reserves holding and the oveiall number of weeks we hold. Investment Policy SWEDA'S Trustees believe that the most approwiate and ethical policyfor investingfunds during these uncertain times is through a nurnber of specialised bank accounts in the"Notfor Profit" sector. Although interest rates have increased, which shows in our interest payments during most of this period. we did experience an increase towards the last two rnonths of this reporting period. our decision is principally driven by the need to have access to short-term funds in cash, and to ensure the security of cash reserves and will be reviewed ifthe increase rate continues to rise during the next reporting period. SWEDA'S TNstees maintained their investment policywhile conts-nuingto use the main accounts within the 'Not for Profit, sector. This strategy is driven by the need for short-term liquidity. ensuring easy accoss to cash when required. The use offundingplattorms continuesto offer enhanced flexibility and security- These platforms feature sophisticated risk assessment tools. allowingfor thorough 8n8lysis to protect the charity's funds against market volatility. Although during the latter 6 months of the f in8ncial year we saw a drop in the interest rates we were more adept at using the system to greater effect and had additionalfunds to invest. which resulted in increased earnings duringthe reportingperiod. The sukF finance committee is closely rnonitoring this progiess to ensure our investments remain aligned with the charitys financial goals.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Reserves and reserves policy The Board of Trustees annually reviews reserv8S to ensure that there are sufficient funds to maintain the charit¢s financial stability and development. With the Gurrent uncertainty within charitable funding and the dynamic climate in which SWEDA is operatin& and the uncertainty with some NHS contracts and current fundIngC￿M3te the Trustees. unrestricted reseNes policy is to aim to hold unrestricted reserves of 9-12 months, expenditure. As is common practice across the chaiity sector. and in order to segregate unrestricted funds which are not easily realisable from those which are 'free' reserves. the Trustees have also established designated funds. representing specific funds which are to be used by the charity. for future ongoing developments. All ofwhich is extremely keywithin the current climate of huge demand for eating disorder serviceswith little or no signs of reducinganytime soon. We should emphasis 8ating disorder recovery is often a prolonged joumèy, with no quick fixes. particulariyforthosewho have livedwiththecondition for manyyears. we have alsoexperienced this year an upturn in the number of sessions people needing, all of which requires additional funds. This at times demands consistent. longer-term support from the charity. which underscores the necessity for having unrestricted reserves at a value of 9-12 months of expenditure. These funds ensure that we can remain committed to our clierbts throughout their recovery process, without disruption. Additionally. maintaining this financial cushion is vitsl to safeguarding the charity's ability to either see clients through their treatment or, In the worst- case scenario of closure. to implernent alternative plans that continue to support them through trusted partners. This is not just about operational sustainability but fulfilling our responsibility to those relying on us for their recovery ensuring that we not only me8t current needs but also position ourselves forfuture growth. IeVera￿'ngavallab1e funds to explore new opportunitiesth8t can enhance our services and extend our reach to more individu81s in need. This addition emph8sises the importance of securing financial resources to support future initiatives and growth while maintaining the organisation's core mission. As detailed above. free reserves held at year end were £1.218k (2023124= £944k) equating to 9 months of expenditure which is in lin8 Wlth the charity's policy of holding betwe8n 9-12 months of expenditure Irepresenting£1.6m expenditure budgeted for 24125). Our designated funds are earmarked for specific projects and initiatives that align with our siraiegic goals. These funds will be utilised lo enhance our beiviLes, expand our reach, an ensure sustainability. We are planningto invest in severaLkey areas overthe comingyear: 1. Service Provlsion {£40k}: We are dedicating resources to speciaiised training and plan to create a new post to support and facilitatethis growth. ensuring our team is equipped to deliverexcellence aswe scale our impact. ensuringa sustainable and continued high- quality setvice deliveiy.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 2. Service Staff Development (£40k): This year. we have made a significant investment in our staff by8ppointing an Adult Lead. This new role willoversee 8llAdult Regional Leads and Therapeutic Services. allowing our Clinical Lead to focus on further service development and innovation. This strategic move ensures that we continue to enhance our services while providing dedicated support and leadership to our team. 3. Digital, Data & IT (£187k}- Recognising the importance of this aspect of our business. we are committed to continued strategic investment. This includesthe employment of a manager to lead tha service. as well as the development and upgrade of our database, digital, and IT systems. 4. Plans for New Premises to Support Expansion (£304k}: As part of our long-term strategic vision, SWEDA is considering the right approach to acquire our own premises. We hav8 encountered considerable challenges in working within an old building, P8rticularly with the Lirnited number of privale counselling and therapy spaces, and issues such astemperature control.which is crucialfor makingpeoplewith anorexiafeel comfortable. It has become increasingly clear that larger, newer, 8nd more versatile premiseswill be essent181within the next five years as we grow. Our ultimate aim is to occupy a premises that enables effective support ol clients over the long-term to achieve this SWEDA intends to develop a "Centre of Excellence foy Eating Disorders" in the South West. This space would serve as a hub for knowledge- sharing, training, and support across the region and beyond, enablingus to support more adults and children in an environment bett8r suited to their needs. It would also anhance our seivice offeiings within modern. adaptable spaces designed for therapy. training, and community engagement. This ambition aligns with our goal of delivering the highest standards of care and innovation. while ensuring the sustainability of our services for the future. As we are still in the e8rly stages of planning, we recognise that this will require capital investment. This will involve a future capital appeal. In addition. SWEDA has already begun to designate funds toward this objective. Driving this initiative is a desire to meet demand in an adaptive. sust8inable. and responsible way Structure, governance & management Lega( structure SWEDA was incorporated as a company limlted byguarantee on 6 June 1996 and registered as a charity in England and Wales on 27" June 1996. The governing document is the Articles of Association, which were updated in line with the Cofflpanies Act 2006. The Board of Trustees comprisesthe Directors ofthe companywho are alsothe members ofSWEDA. Apolicyhas been established, wherebyTrustees and Senior Managers ofSWEDAautomatically become rnembers 10

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 of the Charity upon appointment. Such membership lapses as soon as individuals cease to be Trustees orsenior Managers of the charity. The only members duiingthe year were theTrustees & Senior Managers. The total number of Mernber guarantees at 31 March 2025 was Five (2024: Five) Governance The Trustees who have served during the year and those appointed before the date of this report are listed on page 1. No member ofthe Board orcommittees receives any remuneration for their services. The Board met on-line five times during the year (2023124- five}. The sub-committee structure is working well reporting into the Board prior to the quarterly meetings these include. Clinical. Quality & Governance. Finance & Fundraisingand RemunerationlHR Sub-committees. Each Trustee is a member of at least one sub-committee which meet before and report to the next Board Meeting. The members of these committees are listed on page 1. The Risk Register has been updated and a freelance Finance Manager is appointed to ensure Trustees have easy-to understand data 8nd have a dashboard of Gritical infoimation to hand. During the previous ye8r. we successfully recruited several newTrustees. boosting our B08rd to seven members. However.this numberdropped backtofivetowardsthe end ofthefinancialyear when one of our longest-serving members. Sarah Hall. retired after nearly five terms. Whilst it was lovelyto have had Sarah on the Board forsu¢h a time, we also tookthis opportunityto rèview our policyaround terms. and Sarah's departure enabled usto dothis.we have nowimplemented a three-term policy. Additionally, during this period, our Chairperson, Karen Prosser. stepped down and although the remaining trustees have considerable knowledge within their own areas of expertise, it left us with limited professional"board" experience. lan Creek offered to stand as interim Chair until a suitable candidate is found. We recognise the need to have an active plan to recruit experienced businesspeople who can enhance our board experience. We are still looking to address the diversity and inclusion of the Board to ensure our leadership represents the diverse group of people we support. We are committed to fostering a diverse and inclusive Board that reflects the rich tapestry of our community and will actively encourage applications from individu81s from under-represented groups, includingthose from the global majority. Risk SWEDA is committed to proactive and comprehensive risk management, crucial for maintaining our organisational integrity. quality of care. and sustainable growth. Key risk areas are regularly reviewed and managed by relevant sub-committees. which is then reported to the main Board of Trustees. The Quality and Governance Sub-commitlee manage and oversee the organisation- wide risk register and ensures that all identif led risks are managed cohesively and strategically.

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The primary risk areas are as follows: 1. Quality & Governanc F_nquring high .qtandards of qu81ity 2nd governance is essentialto our mission. The Qualityand Governance Sub-committee monitors risks related to policy adherence, service quality, and governance standards. maintainingcompliancewith regulatory equirements. This oversight helps SWEDA continue to deliversafe and effective care while meeting all statutory and ethical obligations. 2. Finance Financial stability is fundamentalto SWEDA'S operations. The Finance Sub-committee addresses risks associated with funding strearns, reserve managemenl (targeting 9-12 months), and budgetarycontrols. 3. Cllnlcal Managing clinical risks is critical to maintaining SWEDA'S reputation for excellent care. The Clinical Sub-committee oversees risks related to client safety. ckn'nical procedures, and staff training to ensure we deltver s8f8. effectivo, and compassionate support. By continuouslyreviewingand updating clinical policies. thiscommittee supports SWEDA'S commitment to the highest standards of care. 4. HR and Remuneration Our HR 8nd Remunèration Sub-committee mitigates risks associated with recruitment. staff retention, and staff welfare. In a challenging employment market, this committee focuses on effective recruitment strategies. fair remuneration. and staff development initiatives to ensure we maintain a skilled. motivated. and resilient team. 5. Income Generation & Comms Adiversified income approach. supported by new fundraising initiatives. safeguards against potential fundinggaps. enablingus to sustain and expand essential services. Each risk is actively managed and reviewed by the respective sub-committees. with regular updates provided tothe Quality and Governancesub-committee. Thisstructure ensures SWEDA remains agile. prepared for emerging challenges. and committed to delivering the highest st8nd8rds of c8re 8nd operationalexcellence. Recruitment & appolntment of Trustees The Board of Trustee5 iegularly reviews the Skill sets of its ￿ne￿bers. particularly when a vacancy arises. Vacancies are advertised on our website. across relevant channels. and on external Trustee platforms. The Chair oversees the appointment process, and once new Trustees are appointed by the Board, they are inducted by the Chief Operating Off icer and other key staff. Trustees receive detailed information regarding their legal responsibilities and expectations. Additionally, theyareencouraged to attend Trusteetrainingevents. which arefunded bySWEDA, on an ongoing basis. 12

SWEDA LTD TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Potential trustees are approved and Co-opted to the board. They may join throughout the year, and their appointments are then confirmed bythe Members duringthe Annual General Meeting. No external body holdsthe authorityto appointTrustees. The term ofseNice forTrustees is three ye8rs. with a maximum of three consecutive terms. Management The Board of Trustees is legally responsible for the strategic direction of the charity. including approvingthe annualpian 8nd budget.The Board monitors wiskand progress against these plans and budgets and makesdecisions aboutthe appointmentofTrustees and senior staff. The recent appointment of lan Creek as interim chair has stabilised the Board until a permanent chai r is found. lan Creek will lead and develop the organisation as it grows across the South and West. Day-to-day operations ofthe organisation aredelegated to the Chief Executive. P8ula Blight. and the Senior Leadership Team. Remuneration policy SWEDA aims to ensure that all staff are paid 8ppropriately and fairly accordingto the nature of the work and their experience, knowledge, and skills relevant to theii role. The charity is committed to principles ensuring that pay and conditions of employment do not discriminate unlawfully and are free from bias. In determining the salary for the Chief Executive and Senior Management Team. responsibility is delegated to the Remuneration Committee. which seeks to pay a fair salary to attract and retain skilled and expert senior leaders for the organisation. Plans for future periods S-year strategy This year saw the fourth year of our fivo-year strategy. We undertook a strategic review in 2020, involving our staff, volunteers. clients. 8nd Trustees. We sought to establish a clear purpose for SWEDA for the next five years and running alongside this is our management plan. Our new strategy has created four key areas as shown below: 1. Engage, enable, and empower all those affected by eating disorders in our area of service provision A. Continue to improve the quality and effectiveness of our services. B. Ensure we fully understand the demographic breakdown and the different needs of our communities. C. Ensure our staff and volunteers have the expertise Snd understanding to effectively respond tothese needs. D. Develop monitoring and outcomes data to evidence our impact on our clients lives and wellbeing. 13

SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED 31 MARCH 2025 2. Increase our response and provision for young people experiencing eating disorders or emerging eating problems A. Further develop the provision that we have begun to offer for eating disorder treatment and support foryoung people in tandem with carers or parents. B. Become the experts and lead the way in eating disorders provision for young people within our area. C. Provide services for young people that address early sntervention and precursors to eating disorders. D. Develop relationshipswith key service providersforyoungpeopleto ensur6 no-one is left behind including those moving into adulthood. 3. Address the diverse causes and presentations of eating disorders amongst different groups and communities A. Increase the understanding within SWEDA of the range of factors which m8y trigger and sustain e8ting problems. B. Involve and engage with all genders. ethnicities. and ages across all aspects of our organisation. C. Increase our understanding of how eating problerns may manifest differently in different groups 8nd communities. D. Develop ourservlces to address the needs we have identified. 4. Develop strategic alliances to secure sustainable fundingand increase the range and quantity of effective eatingdisorder support A. Explore national relationships with eating disorder organisations to share learning and effective responses. B. Explore regionalrelation5hipswiththewidervcsEwith a viewto build effective alliances. C. Build effective relationships with local and regional statutory health commissioning bodies to secure serwce provision. D. Explore the potential of research partnerships with universities and others with the purpose of increasing the quantity and quality of services and to contribute to wider knowledge about eating disorders. Connection to a wider network Working in partnership and collaboration are integral to SWEDA'S approach and howwe tackled tho scale of noed amongst people affected byeating disorders. We are active acros5 three Integrated Care Boards IICBI where we work. these beingsomerset, BNSSG and Oxfordshir8 and are workingwith all but one via VCSE alliances. SWEDA is also an active member ol the Somerset group of charities as an influence in policy for health and well-being across Somerset. SWEDA remains an active member of REDCAN working 8t a strategic levelto better serve eatingdisorders across the UK. As a mainstay oiganis8tion within the GSK ImpactAwards network. it enables access to twice a year leadership training and networkingwith The Kings Fund which has led to other high profile networkworking opportunities throughoutthe year.

Docusign Envelope ID." sAC8D￿-0￿8l48As-BF5fj-26AE2C7F7FF2 SWEDA LTD TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Statement of Trustees. responsibilities TheTrustees (whoare also directors ofSWEDAforthe purposes of companylaw} are responsible tor preparing the Trustees, Report and the financial statements in accordancg wilh applicable law and United Kingdom Accountingstandards (United Kingdom GenerallyAcceptedAccounting Practice) including FRS 102 "The financi81 reporting standard applicable in the UK and Republic of Ireland" Company law requires the Trustees to prepare financial statements for e8ch financialyear which give a true and fairviewof the state of affairs ofthe charitable company8nd of the incoming resources and application of resources. including the income and expenditure. of the charitable companyfor that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then applythem consistently. Observe the methods and principles in the Charities SORP. Make judgments and estimates that are reasonable and prudent. Statewhetherapplicable UKAccountingStandardshave been followed, subjectto anymaterial 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 companywill continue in business. The Trustees are responsible Tor keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and en8ble them to en$uFe thatthe financial statements complywith the Companies Act 2006. Theyare also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. So faras the trustees are aware- There is not relevant audit information of which the charitable companws auditors are unaware" and The trustees havetaken all steps thattheyoughtto have takento m8kethemselves aware of any relevant audit information and to establish that the auditors are aware of that information. This confirmation is given and should be interpreted in accordance withthe provisions ofS418of the Companies Act 2006. The trustees are responsible for the maintenance and integrity of the corporate and financi81 information included on the chartable cotnpanWs website. Legislation governingthe preparation and di5$emination of financial statements may differ from legislation in other jurisdictions. 02112/2025 Approved by order of the trustees on ............-.................. and signed on behalf of: 15

SWEDA LTD INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF SWEDA LIMITED YEAR ENDED 31 MARCH 2025 Opinion We have audited the financial statements of SWEDA Limited {'the charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Balance Sheet. Statement of Cash flows and notes to the financial statements. including significant accounting policies. The financial reporting framework that has been appLied in their preparation is applicable law and United Kingdom Accounting Standards, including EBUQ2 The Financial Reporting Stand8rd applicable in the UK 8nd Republic of Ireland (United Kingdom Generally Accepted Accountin8 Practice). In our opinion. the financial statements: 'give 8 true and fairview of the state ofthe charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources for the yearthen ended. •have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and •have been prepared in accordance with the requirements of the Companies Act 2006. Basis lor oplnlon We conducted our audit in accordance with Intemational Standards on Auditing {UK) {ISAs {UK}) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance wtth the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard 8nd we have fulfilled our other ethical responsibilities in accordance wtth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide g basis for our opinion. Concluslons relatlngto going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation ofthe financial statements 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 charitable company's ability to continue as a going concern for a period of at le8St 12 months from when the financiaL statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections ol this report. 16

SWEDA LTD INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF SWEDA LIMITED YEAR ENDED 31 MARCH 2025 Other Intormation The trustees are responsible for other information. The other information comprises the information included in the annual report. including the trustees. report, other than the financial st8t8ment8 2nd our auditor's report thereon. Our opinion on the financial statements does not coverthe other information and. exceptto the extent otherwise explicitly stated in our report, we do not express anyform of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we Identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the workwe have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothlng to report in this regard. Oplnlons on other matters prescrlbed by the Companlgs Act 2006 In our oplnlon, basea on the work un(Jert8kon in the course of the audit: •the information given in the trustees. report. which includes the directors, report prepared for the purposes of ¢ompany'law, for the financiel year for whictrr the financial statements ar6 prepared is consistentwith the financial statements: and •the information included within the trustees, report h8s been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion: •adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or •the financial statements are not in agreement with the accounting records and returns; or •certain disclosures of trustees, remuneration specified by law are not made; or •we have not received allthe information and explanations we Tequire for our audit. 17

SWEDA LTD INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF SWEDA LIMITED YEAR ENDED 31 MARCH 2025 Responsibilities of trustees As explained more fully in the trustees. responsibilities statement, the trustees are responsible forthe Preparation of the financial statements and for being satisfied thattheygive a true and f8ir view, and for such internal control as the trustees determine is necessary to enable the preparation of finanei81 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 re18ted to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations. or have no realistic alternattve but to do so. Audltor'8 responslbllities for the audlt of the financlal statements Our objectives are to obt8in reasonable assur8nce ebout whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinlon. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detect material misstatement when it exists. Misstatements can arise from fraud or error and are consiclered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities. including ffaud. The extent to which our procedures are capable of detecting irregularities, including traud is detailed below". IdentSfylng and assessing potential rlsks of materlal mlsstatement dueto Irregularltles We considered the following when identwfying and assessing risks of material misstatement due to irregularities, includingfraud and non-compliance with Laws and regulations: - the legal and regulatory framework in which the charitable company opeiates - the nature of the sector in which the charitable company operates the control environment and controls established to mitigate such risks the results of our enquiries of management about thelr identification and assessment of risks of irregularities. - discussions with the audit engagementteam aboutwhere fraud niight occur - the incentives forfraud. Laws and regulations whictri are considered to be significant to the charitable company include those relating to the requirements of financial reporting framework FRS102 and Charities Statement of Recommended Practice, the Charities Act 2011. the Companies Act 2006. tax legislation, employment legislation and health and safety. In addition. we consider other laws and regulation which may not directly impact the financial statements but may impact on the operation of the charitable company. As 8 result of these procedures we concluded, in accordance with Internationel Auditing Standards, that a risk in relation to the potential for management override of controls existed. 18

SWEDA LTD INDEPENDENT AUDITOR'S REpoKfTO THE TRUSTEES OF SWEDA LIMITED YEAR ENDED 31 MARCH 2025 Audit responses to risks Identified We undertook audit procedures to respond tothe risks identified, and designed our audit testing to respond to these risks. The additional procedures we undertook included the following: - gaining an understandingof the Charitable company's proceduresforensuring compliancewith laws and regulations testing the appropriateness of journal entries and other adjustments consideringwhether accounting estimates were indicative of Poiontial bias conslderingwhether anytransactions arose outside the normal course of business making enquiries of management corroborating our enquiries through ieview of Board Minutes and correspondence. We also communicated relevant laws and regulations and potentialtraud risks to allengagement team members and remained alert to any indicators of fraud oi non-compliance with laws and regulations throughoutthe audit. Afurther description of our responsibilities forthe audit of the financial statements is located on the Financial Reporting Council's website at: This de8cription forms part of our auditor's report. U8e of our report This report is made solelyto the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stateto the charitable company's members those mattefswe are required to state tothem in an 8uditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or8ssume responsibilityto anyone otherthan the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Alexandra Shore {Senior StatutoryAuditor) For and on behalf of A C Mole LLP Chartered Accountants and StatutoryAuditor Stafford House Blackbrook Park Avenue Taunton Somerset TA12PX Date.. A C Mole is eligible for appointment as auditor of the Charity by virtue of tts eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. 19

SWEDA LTD STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 MARCH 2025 Nota Unrestricted Funds Restrlcted Funds Total Funds 202S Total Funqls 2024 Incomefrom: Donations and Grants Charitable Activities Investment Incorne Total Income 25,800 1,174.599 90.688 116.488 1,174.599 138,357 865,641 Expenditure on: Raising funds Charitable activities 113.342 113.342 74.840 Net incomel{expenditure) and net movement in funds 274.992 {81,11J) 193.877 195,000 Total funds at the start of year Total funds at start of year 13 Totalfunds at end of year 13 The charity has no recognised gains or losses otherthan the results for the year as set out above. All of the activities of the charity are classed as continuing. The notes on pages 23 to 36form part of thesefinancial accounts. 20

Docusign Envelope ID.. F4AD0286-72A8-4B2D-91D&ID35C31833B6 SWEDA LTD BALANCE SHEET YEAR ENDED 31 MARCH 2025 Company number: 03208772 Note 2025 2024 Fixed Assets Tangible assets 38.396 24,879 Current Assets Debtors Short-term investments Cash at bank and in hand 351,600 1,046,570 os 1.803.461 190.783 943.432 1,403,737 Liabilities Creditors: amounts falling due within one year Net current assets Net assets 12 Funds Restricted funds Unrestricted funds General funds Designated funds 13 101.139 182,254 647,504 543,512 ooJoo 13 The accounts have been prepared in accordance with the provisions applicable to smallcompanies subject to the small companies. regime and in accordance with FRS 102 SORP. The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo the account records and prepafation of the financial statements. 02112r2025 These financial statementswere approved bytheTrustees on behalf by- and are signed on their 8*d br. lan Creek. Edward Day... The notes on pages 23 to 36 form part of these financial accounts. 21

SWEDA LTD STATEMENTOF CASH FLOWS YEAR ENDED 31 MARCH 2025 Note 2025 2024 As restated 304,601 Net cash inflowfrom operatlng activities 17 214.281 Cashflows from investing activities Payments for tangible assets (25,409) (11,952) Increase in Investments Investment income 19 (94,363) {764,732) Netcash inflowforthe year Cash & cash equivalents at 1 April Cash & cash equivalents at 31 March 18 18 Cashflowrestrictions Charity law prohibits the use of net cash inflows of any endowed or other restricted to offset net cash outflows on any fund outside its own objects. except on special authofity. In piactice, this restriction has not had any effect on cash flows forthe year. The notes on pages 23to 36form part of these finan¢ial statements. 22

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1. Accountlng policitss Basis of preparation The financial slateimenls have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accoidance with the Statementof Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, and the Companies Act 2006. SWEDA Ltd meets the definition ofa public entity under FRS 102. The Trustees have considered the financial position of the organisation and believe that is ¢urrently8 goingconcern. Income Income from donations are recognised when these are receivable. except as follows: When donors specifythat donations given to the charity must be used in future accounting periods, the income is deferred untilthose periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is d8ferred until the pre- condition have been met. Income from contracts for the supply of services is recognised with tho delivery of the contracted service. This is classified as unrestricted unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Investment income is included on a receivable basis. Expenditure Expenditure Is recognised on an accruals basis in the period in which it is incurred. Expenditure includes attributable VATwhich cannot be recovered. Governance costs include those costs associated with meetingthe constitutional and statutory requirements of the charity and include the audit fees and costs linked to the stiategic management ofthe charity. Governance costs are included within support costs. Allocation and apportionment ¢osts Certain expenditure is directly attributable to specific activities, and this has been included in those cost categories. Other costs. which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried oul from time to time. Overhead support costs have been apportioned between charitable activity costs and raising funds costs on a basis consistent with the use of resources. 23

SWEDA LTD NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Pension The charity contributes to defined contribution pension schemes. Contribution payable to the charity's pension schemes are charged to the Statement of Financi81 Activities in the period towhich they relate. Tangiblo fixed assets Tangible f ixed assets are initially recognised at cost. After recognition. under the cost model, tangiblefixed assetsare measured atcostlessaccumulated depreciation and any accumulated impairment losses. All costs incuired to bring 8 tangible asset into its intended working condition should be included in the measurement cost. Capital items with purchase price of mole than £l.000 are included within fixed assets. Depreciation is charged so 8S to 8lloc8te the cost of tangible fixed assets less their residual value over their estimated useful Irves. Depreciation is provided on the following basis: Furniture and fittings 15% reducing balance Computer equipment - 33% straight line Debtors Trad8 and otherdebtors aierecognised atthesettlement 8mount8fteranytrad8 discount offered. Prepayments ale valued at the amount prepaid net of anytrade discounts due. Cash at bankand in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar accounts. Creditors Creditors and provisions are recognised when there is an obligation atthe Balance Sh8et date as a result of a past event. it is probable of a transfer of economic benefit will be required in settlement. and the 8mount ofthe settlement Can be estimated reliably. Creditors are recognised at the amount that the charity anticipated it will pay to settle the debt or the 8mount il has received as advanced payments for the goods or services it must provide. Provisions are measured at the bet estimate of the amounts required to settle the obligation. Wherethe effect ofthe time value ofmoney is material. the provision is based on the present value of those amounts, discounted and the pre-tax discount rate that rellects the risks specific to the Liability. The unwinding of Ihe discount is recognised within interest payable and similai charges. 24

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Fund accounting Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds can only be used for particul8r restricted purposeswithin the objects of the charity. Restrictions 8rise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds form part of unrestricted lunds and h8ve been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees. Further explanation of the nature end puipose of each fund is included in note 13 of the financial statements. Prior period adjustment Where 8n error or omission is identified in respect of comparative figures this is adjusted in the earliest period to which they relate. 2. Income from: donations and grant8 Unrestricted Funds Restricted Funds Total Funds 2025 Donations from". Individuals Trusts and Foundations Corporate Donations Communityfundraising Major Donors Publicfunding Gift Aid 5.869 5,869 85,688 2,121 3.601 16.210 2,859 85,688 2.121 3,601 11.210 2.859 5,000 Prioryear comparative Unrestricted Funds Restricted Funds Total Funds 2024 Donations from: Individuals Trusts and Foundations Corporate Donations Communityfundraising Publicfunding Gift Aid 1.965 48.608 2,062 2,808 1,965 125,247 2,062 2,808 6,145 76,639 6.145 25

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3. Income from: charitable activities Unrestricted Funds Restricted Fund$ Total Funds 2025 Service contr8Cts Counsellor training 1.165.670 1.165.670 Prioryear comparativ8 Unre$trl¢ted Funds Restricted Funds Total Funds 2024 Service contracts Counsellor training 860.870 860.870 4. Expenditure on: rai$ingfunds Unrestricted Funds Restricted Funds Total Fund5 2025 Staff costs Fundraising costs Support costs (Note 6) 67,305 22.927 67.305 22.927 Prior year comparative Unrestricted Funds Restricted Funds Total Funds 2024 Staff costs Fundraising costs Support costs (Note 6) 51,026 5.441 51,026 5.441 26

SWEDA LTD NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 5. Expenditure on: charitable activities Activity undertaken directly Support Costs Note 6 Total 2025 Provision of services Prior year comparatlve Activity undertaken directly Support Costs Note 6 Total 2024 Provision of services 6. Support costs Raising Funds Costs Charltable Activities Total Funds 2025 Staff and volunteer costs Office costs Premises costs Pfofessional costs Finance costs Governance costs 18,957 651 1.083 544 1.009 210.403 7.481 12,450 6.253 11,599 229,360 8.132 13.533 6.797 12.608 Prior year comparative Raising Funds Costs Charitable Activities Total Funds 2024 Staff and volunteer costs Office costs Premises costs Professional costs Finance costs Governance costs 14.245 454 1.077 353 983 143,151 4.561 10.827 3,551 9.878 157,396 5.015 11.904 3,904 10.861 27

SWEDA LTD NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7. Not income l (expenditure)forthe year Net incomelexpenditure is stated after charging: 2025 2024 Auditors remunoration Audit services Accounts preparation Depreciation Trustees, remuneration Reimbursement of NilTrustees expenses12024: nil) 10.800 12,300 1,620 6.413 11.892 8. Staff costs and numbers The aggregate payroll costs were: 2025 2024 Wages and salaries Social Security costs Contributions to defined contribution pension 703.537 56,206 521.960 41.535 The average number of persons employed by the company {headcountl during the year was 2712024.201. The average number of persons employed bythe cornpanyduringtheyear. on a Full-time Equivalents IFTE) basis. was 20 {2024-181. The number of employees whose emoluments exceeded £60,000 (including employer pension contributions)was: 2025 Number 2024 Number £60,000 to £70,000 The key management personnel of the charity is considered to be the leadorship team. The charity's leadership teaffl Includes the CEO, COO. Head of Fundraising and the Clinical Lead. The amount of employee beneffts (including employer pensior) contributions) received by key management personnel for their services to the charity was £257,S70 {2024: £223,058). 28

SWEDA LTD NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 9. Tangible fixed assets Fixtures & Fittings Computew Equipmenl Total Cost At 1 April 2024 Additions Disposals As at 31 March 2025 10.861 3.711 35.167 21.698 46.028 25,409 Depreciation At 1 April 2024 Charge forthe year Eliminated on disposal As at 31 March 2025 4,885 1.453 16,264 10.439 21,149 11,892 Net Bookvalue At 31 March 2025 At 31 March 2024 10. Debtors 2025 2024 Trade Debtors Other Debtors Prepayments and accrued income 241,774 3,303 2,238 366 11. Short-term Investments 2025 2024 Investments held less than 3 months Investments held more than 3 months less than 12 monlhs 187.475 178,700 29

SWEDA LTD NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 12. Creditors 2025 2024 Tr8de Creditors Othercreditors Accruals Deferred income 16,944 13.486 21,488 26,125 6,664 22,061 Deferred income r6concili8tion 2025 Brought forward deferred income Additional income in theyear Realised in the year 248.000 1.044,601 73. Movement between funds At 1 April 2024 At31 March 2025 Income Expendlture Tran$fer$ Restricted funds The Archie Sherman Children in Need The National Lottery Community Fund Prudence Trust Redcan- The Stone Family Trust The Stone FamilyTrust Redc8n- Prudence Tiust Sornerset Community Foundation Bath Women's Fund The Roper FamilyTrust Quartet Community Foundation Community Councilfor Somerset 5,000 39.506 {5.000) 139.506} 189,876} 164.730 74,854 17,524 3,752 (9.991 } 11.285 465 2,915 484 4.721 14651 {2,9151 14841 14.7211 4,000 20,000 7.500 {4,0001 {5.0001 (7.5001 15.000 - la45 30

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. Movement between funds - continued At 1 Aprll 2024 Income ExpenditUTe Transfars At31 March 2025 Unrestricted fLFnds General funds Designated funds Premises review Fund Digital. Data & IT Funij Service Provision Fund Service Staff Development Development of Fundraising Fund Equality, Diversity and Inclusion Fund 543,512 1.250,434 (816,4421 (330,0001 647,504 174.0(10 100.000 40.000 130,000 120.000 40.000 40,000 304,000 187.000 40,000 40.000 133.0001 140,0001 80.000 (80,0001 Totaltunds Prioryear comparative At 1 April 2023 At 31 March 2024 Incorne Expenditure Translers Restricted funds Children in Need 39.139 (39.139) The National Lottery Community Fund Prudence Trust 263,511 6.145 (104.926) 164,730 Unrestricted funds General funds Designated funds Strategic Development Fund Piemises Review Fund Digital, Data & IT Fund Service Provision Fund Develop Fundraising Fund Equality, Diversity and Inclusion Fund 477.255 939.119 (523.862) {349.000} 543,512 130.000 30.000 30.000 (130.000) 144,000 79,000 40,000 80.000 174,000 100.000 40,000 80.000 19.000} Totalfunds 31

SWEDA LTD NOTESTO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. Movement of funds-continued Restricted funds The Archie Sherman Funding to help those with eating disorders. Children in Need This fund represents a three year grant received from the Children in Need ch8ritytoward our 1-2-1 and school outreach services for children and young people. The Natlonal Lottery Community Fund This fund represents a five year grant awarded by The National Lottery Community Fund to improve the health and wellbeing of people in Somerset affected by eating disorders. Prudence Trust Children and Young People fund. This fund represents a threeyeargrant toward the delivery and development of our services for children and young people. Prudence Trust and The Stone Family Foundation REDCAN Fund. Aoneyeargr8nt to host the development ofthe REDCAN network of regional eating disorders charities. Stone Family Foundation A thr8e year grant to support SWEDA'S ongoing growth and development. Somerset Community Foundation 1-2-1 specialist therapeutic support for adults affected byeating disorders in Somerset. Bath Women's Fund 1-2-1 ther8peutic support forwomen affected by eatingdisorders in Bath. The Roper FamilyTrust 1-2-1 therapeutlc SUPPOrt forwomen affected by eatingdisordeis in Bath. The Quartet Communlty Fund 1-2-1 therapeutic support for adults affected byeating disordeis in North Somerset. Community Councilforsomerset Peer supportfoF carers of people with eatingdisorders. 32

SWEDA LTD NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 14. Movement of funds- continued Designated funds Premises Revlew Fund These funds have been set aside under the discretion of the Trustees toward covering the need for aéditionalspace. SWEDA has currently outgrown current premises and is looking for additional space short-term. Longer-term need to rewew the premises sitU8tion as the charity expands. our current lease on Harvest Court has been extended to 2029. Digital, Data & IT Fund We continue to employ a DDI Manager and develop our inhouse Dstabase system. Upgrade our IT processes and procedure5 and continue our training and development of staff to support our growth and fundraising strategy. Service Provision Fund These funds have been set aside under the discretion of the Trustees towards provision of low-cost counselling service. They were fully spent in year and renewed in 2025 to fund our Trainingand Nutrition project and to develop new offers. Service Staff Development Staffing infrastructure for an Adult lead, to increase capacityto enable SWEDA'S Clinical l8ad to work on Strategic projects. Development of Fundraising These funds were sel aside under th8 discretion of the TTUStees tOW8rds salary costs of the Head of Fundraisingwho is nowin post alongwith a Fundraisingteam. These funds were fully spent in 2024125. Equality* Diversity and Inclusion Fund These funds were set aside under the discretion of the Trustees towards and an organisation audit and ieview to embed practices within the whole organisation on a top-down process. These funds were fully spent in 2024125. Strategic Development Fund These funds have been set aside underthe discretion oftheTrustees toward the ¢Jevelopment of fundraising and therapeutic services. These lunds were fully spent in 2023124. 33

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 15. Analysis of net assets belw60n funds General Designated Restricted Total Funds Funds Funds Funds 2025 Tangible fixed assets Net current assets 38.3% 38,396 Prioryear comparative General Doslgnated Restricted Tolal Funds Funds Funds Funds 2024 Tarbgible fixed assets Net current assets Totalfunds 24.879 24,879 16. Related partytransaGtion$ There are no related party transactions in th8 Current or prior year apart from those already disclosed throughoutthe report. 17. Re¢onclliation of net movement in fundsto net cash inflowfrorn operating activities 2025 2024 Statement of Financial Activities". Net movement in funds Investment income Deprecietion Increase in creditors: current li8bilities (Increaselldecrease in debtors Prof it on disposal of tangible fixed assets 193.877 195,000 {50.035} 11.892 (17.9051 6.413 219,364 1160.8171 7.417 111.951 34

SWEDA LTD NOTES TO THE FINANCIALSTATEMENTS YEAR ENDED 31 MARCH 2025 18. Analysis of changes in cash and cash equivalents duringthe year 2025 2024 Change As restated Cash at bank and in hand Short-term investments 405,291 269.522 135.769 2024 2023 Change As rostatèd 269.522 Cash at bank and in hand Short-term investments 902.400 (632,8781 19. Prlor period restatement It was identified that the analysis of changes in cash and cash equivalonts as at 31 March 2024 included £764,732 of short-term investments with a maturity of over 3 months. As these investments do not meetthe detinition of cash and cash equivalents under the Statement of Recommended Practice. the cash equivalent balance ha5 been updated to exclude these balances. The adjustments reclassify the categorisation ofthese investments only. There is no net effect income and expenditure or totalfunds. 35

SWEDA LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 20. Comparative consolidated statement of financial activities: Year to 31 March 2024 Note Unrestricted Funds Total Reslricted Funds 2024 Fund$ Total Fund5 2023 Incomefrom: Don8tions and Giants Charitable Activities Investment Income Total Income 55,573 865,641 82,784 138,357 865,641 115.400 510,062 Expenditure on: Raisingfunds Charit8ble activities 74,840 74,840 37.145 Net income/lexpenditurel and net movement in funds 276.257 {81.257} 195.000 58,676 Total funds at the start of year Totalfunds at start ofyear Totalfunds al end of year 13 36