2023-12-31-accounts

CAUDWELL ¢HILDREN (A COMPANY LIMITEO BY.GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY REGISTRATION NO. ENGLAND AND WALES 1079770 SCOTLAND SC043874 COMPANY REGISTRATION NO. 3864620 (ENGLAND AND WALES) IIMII 'A088B0HC* 2710712024 COMPANIES HOUSE A13

167

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Bennett J Griffiths L Morris J Alexander (resigned 191h Dec 2023) R Mehta M Griffilhs B. Caudwell (appointed 241h Oct 2023) M Fenton (appointed 171h Oct 2023) J Timpson (appointed 171h Ocl 2023) D Canfield M Gray Ih (resig.ned 19 Dec 2023) Ih (appointed 10 Jan 2024) (appointed 141h Mar 2024) Secretary C Bennett Charity number 1079770 Charity Registered In Scotland SC043874 Company number 3864620 Registered office and Charity office Caudwell International Children's Centre Innovation Way Keele Science & Innovation Park Newcastle-under_Lyme Staffordshire ST5 5NT Auditors Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG Bankers Barclays Bank plc 36 Town Road Hanley Stoke-on-Trent ST12PJ Sollcitors Knight & Sons The Brampton Newcastle-under-Lyme Staffordshire ST5 OQW

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, Report Independent Auditor's Report 19 Consolidated Statement of Financial Activities 22 Balance Sheet 23 Cash flow Statement 24 Notes Forming part of the Financial Statements 25

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Tiuslees who are the Direclors for the Purposes of the Companies Act 2006, present their report and fi'nancial stalemenls for Caudwell Children for the year ended 31 December 2023. The Truslees confiim that the annual report and financial slalemenls of the Charity comply with curient requirements, the requirements of the Charity s governing document and the provision of the Slalemenls or recommended Practice "Accounting and Reporting by Charites" (SORP 2015) (Second Edition, effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION The Charily is a charitable company limited by guarantee and was set up by a Memorandum of Association on 251h Oclober 1999. Ils Memorandum and Articles of Associalion were last amended in 2016. Caudwell Children has no share capital and is a registered charity with the Charity Commission in England & Wales as well as the Charity Commission Scotland. Caudwell Children owns 1000/0 of the share capital of CCG D&B Ltd. This wholly owned subsidiary operates as a Design and Build Company and is responsible for the design, build and delivery of the Charilies new Caudwell International Children's Centre, which opened in September 2018. The management of this subsidiary is carried oul on a voluntary basis thus incurring no salary Costs and all profits earned are donated back to Caudwell Children METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES Caudwell Children is governed by a Board of Trustees whlch comprises a Chair and Trustees. The Chair is appointed by the Board from the existing Trustees. Trustees are recfuiled lo ensure a broad mix of skills and backgrounds. The Trustees are responsible for the governance and support the ongoing strategy & vision of Caudwell Children developed by the Senlor Leadership Team ISLTI and in conjunction with the children. young people and family engagemenl groups. The Trustee Board comprises of a mix of parent representatives, medically qualified trustees and those with business, people, and legal specific skills. The Board of Trustees meet al least twice a year, (this moved to al least 4 times a year from Jan 2024). Olher meetings, communications occur as required with the CEO and members of the SLT as required who review the progress, priorilles, strategic direction, charily governance, performance, charity codes of conduct, risk, lo ensure compliance, for example. Responsibility for agreeing key areas of activity and policy is delegaled to the CEO & SLT, enabling efficient management and development of the charity, which are reported back into Trustee meetings. The day to day running of the Charity and executive responsibilily is delegated to the CEO & Senior Leadership Team. Trustees are appointed for a renewable term of three years and are the directors of the company for the purposes of the Companies Act 2006. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES All new Iruslees are required to undertake a comprehensive induction programme and training programme to learn about the work of Caudwell Children, to identify opportunities lo become more invotved with our work. Trustees are invited to atlend events, site visits and additional training. All New Trustees meet with the CEO and SLT to discuss.. Their role and responsibilities Key documents including the Memorandum and Arlicles of Association

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCORPORATING STRATEGIC REPORT} (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Strategic plan of Caudwell Childfftn The Charities focus on outcomes All future plans CQC Govèrnance and Responsivities ISO Policies and Procedures A review of governance Is carried out to assess thè effeclive'ness of the Trustees and idenlify any improvements to governance arrangements. Updales on our work are offered to trustees on a regylar basis, Trustee's Indemnity Each of the Trustees has the benefit of an indemnily whlch is a qualifying third-party in'demnily as defined by Section 234 of the Companies Act 2006. Limits of Liabilit Truslee Indemnlty Corporate Liability Employment Practice Liability Professional Indemnity FKJelily ORGANISATIONAL STRUCTURE AND DECISION MAKING The Charity is driven forward on a daily basis by its CEO and SLT. Each member of this team has clearly defined areas of responsibility and accountability The Executive Team interact informally oh a daily basis. holds weekly meelings and monlhly SLT meetings lo discuss and implement strategic operational issues and to monitor and control the performance of the Charity against the Strategic Plan. OBJECTIVES AND ACTIVIES Vislon world where all disabled children and their families have choice, opportunily, dignity and understanding. Misslon Practical and emotional support through compassionate and efficient services. Motto Whatever it takes.

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORTI Iconlinued) FOR THE YEAR ENDED 31 DECEIW8ER 2023 STRATEGIES FOR ACHIEVING OBJECTIVES The following are the four key strategic objectives for the reporting period 2023. Continue to be a leading providor of equipment, treatment. therapies and support to disabled children. Raise the profile and awareness of the Charity brand, helping people lo understand disabllllies and childhood illness and Ihe impact our support makes to individual lives. Continue to develop the infrastructure lo enable Caudwell Children lo fulfil its long terrn aims. Expandlng the Services provided and Develop I Create new services to fit new needs. These objectives are undertaken with the aim of enabling Caudwell Children lo provide a continued high-qualily service to its target sector of socially excluded individuals. ACTIVITIES & SERVICES FOR ACHIEVING OUR GOALS To transform lives.. Family support services and short break activilies, at times of crisis Mobility and sensory equipment Access to life-saving surgeries and Ireatmenls Life changing therapy and support programmes for children with brain injuries and their families Holistic therapies and support programmes for Autistic children and their families Sports equipment to enable talented alhleles lo participate in competitive sport Grow the delivery of our new CCAS Se￿l¢e from our new CICC centre Allend National & International conferences to raise awareness of our work OUR ASPIRATIONS From Ihe very beginning Caudwell Children has always aspired to be recognised as a leading national provider of services for disabled children and an example of best practice In fundraising. The charity continues to focus on service provision, in particular the way we help and support children and families affected by autism spectrum disorders and how we grow lo meel the ever increasing global demand for autism assessmenls and inleNenlion. During the year local NHS contracts were won for the delivery of our CCAS Service. This was only limited by the international skills shortage for clinical specialisms including psychology, speech and language therapists and occupational Iherapisls. A continued recruitmenl drive throughoul 2023 maintained the Tequired clinical expertise lo deliver the charily's vision for an efficient and cosl-effective assessment and inleNenlion pathway. Whilst there has been and continues to be a shortage in the labour market we'continued to grow both in resource and impact. DLbring 2023 all of the MDT (multi-disciplinary clinical team) members continued to develop the CCAS service by carrying oul Ihe much-needed ASD assessments both from the CICC and online. Online training for ADIR and ADOS was continued lo all new clinical team members. This widened the breadth of skills within the clinical team enabling them to offer support to more children & families boih virtually and fa¢e-to-fa¢e.

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 These ongoing developm?nls assist us in our principle that the right pathway and subsequent research will provide vital evidence, improved early intervention pathways, increased independenGe and belter family wellbeing for the millions of people living with autism in the UK and worldwide. We are pleased lo confirm that throughout 2023, Caudwell Children remained registered with the CQC maintaining an overall rating of Good allowing the charity to continue lo operate ils full in-house autism service. Our continued relationship with the CQC representatives remained remote due to the priority for inspections being assigned to less well-performing healthcare providers. We continue to aspire towards the achievement of an 'Oulslanding' rating upon future inspections. During November 2023 the charily also undernenl its annual ISO audit whlch we are pleased to report was another pass with no major or minor issues raised for Improvement. This once again underpins the charily's managemenl's dedication and focus when it comes to documented policy and procedures and its desire in looking for and being open lo, continuous development and improvemenl. Our primary objective has not changed and is still to reach and provide support lo every disabled child living in the UK, regardless of disability, Bul we also feel that we have a critical parl to play in the global disability communily and by sharing research and best practice with our partners around the world we can potentially help millions ol children. PUBLIC BENEFIT STATEMENT Dlreclors of a charity have 8 duty to report In their Annual Report on their charity's public benefit. In setting plans and priorities for areas of work, as Trustees of Caudwell Children we have followed the latest guidance from the Charity Commission on the provision of public benefit, in accordance with section 17 of the Charities Act 2011. In particular, we consider how activities will contribute lo meeting Ihe objectives they have set and focus on the services that will deliver the greatesl impact to the most disadvantaged disabled children and their families. In delivering these services, we clearly idenlify the impact to the children and families we work with and monilor short and long term progress. We are passionate about ensuring our services transform lives and that we continue lo learn the most effective and efficienl ways to support our beneficiaries. We have demonslrated how Caudwell Children delivers ils core charitable objective in the Strategic Report section which sets out our objectives and achievements during financial year of 2023. Caudwell Children is established for the public benefit of children in the community, delivered through equipment, Irealment, therapies and suppoit of disabled children and young people. The Charily is established for Ihe public benefit under Ihe following purposes.. Relief of poverty and sickness Advancement of education Promolion of equality and independence

CAUDWELL CHILDREN IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) Iconllnued) FOR THE YEAR ENDED 31 DECEMBER 2023 As Trustees we have considered this matter and concluded.. 1. That the aims of the organisalion continue to be charitable,. 2. That the aims and the work done give idenlifiable benefits lo the charitable sector and both indirectly and directly lo individuals in need., 3. That the benefits are for the public, are not unreasonably restricted in any Way and certainly not by ability to pay,. and 4. That there is no detriment or harm arising from the aims or activities STRATEGIC REPORT ACHIEVEIIAENTS AND PERFORMANCE The last 12 months saw Caudwell Children build on the service delivery innovalions we have developed over recent years and continue lo reach high volumes of disabled and autistic children throughout the year with a wide range of life-changing support. Using the saffle direct stakeholder consullalion that the charity has instilled since its formation our services conlinue to adapt and change lo meet the needs of disabled and autistic children and their families. Across the speciium of the charity's service delivery porlfolio we cater for the needs ol children and young people with varying aspirations and needs. Ouring 2023 the holistic support of our Family Supporl service continued to feach high numbers of families in need, while the Get Sensory service maintained the level of need first idenlilied during the pandemic. Meanwhile the Autism Service continues lo scale to meel the ever-growing demand and our Short Breaks service has maintained ils effective work in local communities. Since 2005 the charily has delivered services across England. Scotland, Wales and Northern Ireland. We continue to support families from diverse and hard to reach communities across the UK, endeavouring lo ensure no child with additional needs goes without the help they need. We continue to support a high volume of children with a primary diagnosis of autism but also maintain a wide breadth of pan-disabilily support, with applications from children livlng with 42 different conditions being recorded over the last 12 months. In regards to children reached th15 Is the most successful year ever in our twenty-three-year history. It Is an achievement we are all extremely proud ol and is testament to the hard work of the entire charity team, only made possible thanks to our generous donors, volunteers and supporters. The charity's fundraising has slowed in some key areas, while also wllnessing Ihe continued strain on the average household finances as the cost of living crisis began lo take affecl.

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORTI (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Collaboration5 wilh NHS trusts and local aulhorilies boosted income from contractual service provision. Multi-year partnerships with Careys and The Edward Goslling Foundalioii Loiitinued but were in th8 last year of the agreed term. At the start of 2023 a new long term partnership began with multinational technology firm, Likewize, which will see staff conduct fundraising activities while also receiving disability and autism awareness training. The new partnership raised £54,580 from employee fundraising inilialives and looks sel to continue in 2024. The ability to relurn to traditional face-to-face fundraising since covid has allowed our revered events porlfolio lo return although income has reduced across our major events such as the Bullerfly Ball London and Monaco. as well our new Portugal edition and the Children's Activities Week mass- participation event. Our donors allow for life changing supporl to be given to the most vulnerable in society. Our supporlers provide us with the independence lo ensure that disabled children and Iheir families, voices are heard within UK Government and across local health and social cafe providers. The charity team continue with the ongoing focus on building partnerships with corporate supporlers, key national services, grant making bodies and commissioners across the UK. The development of Caudwell Children and ils services have always been based on the needs of disabled children and their families. By listening carelully to beneficiaries, the charity has carefully shaped their growlh to try and fill the gaps left by statutory services and other charities. Where necessary, the charity will use its public profile and influence lo highlight the plighl of disabled children and carers In continued efforls lo positively affect policy and practice both domestically in the UK and Inlernalionally. During 2023 we continued to find appropriate platforms to ensure the opinions ofexperls by experlence could be hea(d and continued lo collaborate with parlner organisations and colleagues from across Ihe voluntary sector to share best practice and raise nalional or political awareness ft)r topical issues when necessary. In particular the charity's public and political influence continued wllh participation In the steering committee of the Children 1st Alliance, the new British Standards Institute PAS design standards for neurodiversily, as a Board Member of the Children's Activities Association and the Stakeholder Engagement Ambassador of the Design in Mental Health Ne￿Ork,. enabling the leam, families and children to collaborate with other organisalions and specialists whilst ralsing the profile of the needs of children and families, services and awareness. In Westminster, the charity also maintained active participalion in several All Party Parliamenlary Groups; for Autism, Cerebral Palsy, and for a Fil & Healthy Childhood as well regularly altending the Council for Disabled Children meetings and conlribuling as stakeholders for the National Institute for Clinical Excellence (N. l.C.E) again forming partnerships and collaborations.

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORTI {continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Throughout the year the charily team maintained productive working partnerships with organisalions including the Birmingham Children's Hospital, National ALtlistic Society, The Design in Mental Health Ne￿ork, Garfield Weston Foundation, Edward Gostling Foundation, Children's Activities Association, Westminster Aulism Commission. Keele Universily, University College London Hospital and University Hospital North Midlands. During the year. the CEO and Senior Officers have also continued the charity's international influence through relalionships with The Milken Institute, The Giving Pledge and The Sikh Human Rights Group, wlth whom the charily continue lo conlfibute to the United Nations Human Rights Council. One of the charity's core strengths is being recognised as a national charity with a local hearl. This is achieved by working within local communities, lo be a safety net for families unable to gain the help they need. This is made possible by the team s work in Norlh8rn Ireland, Scolland, England and Wales, ensuring disability and Caudwell Children remains high on the political agenda across all our nations. The charily has maintained parlnerships wilh Children's hospitals across the UK includlng Great Ormond Street, Birmingham Children's Hospital, Bristol Children's Hospital, Leeds General, University Hospitals Nollingham, Royal Belfast Hospital for Sick Children, Royal Hospilal for Sick Children Yorkhill and University Hospital of Wales. We also continue to be commissioned by Slaffordshire County Council to deliver short break activities as part of the Aiming High for Disabled Children strategy. High profile fundraising events continue to prove an effective vehicle for the charity to raise awareness and funds for ils services. The 2023 edition of Caudwell Children's Butterfly Ball, London generously sponsored by Careys visited Indigo @ The 02 for the first Ilme where guests were once again entertained by cha(l-topping stars including Healher Small. Ricky Wilson, Anne-marie and DJ Pete Tong. On the night we heard powerful testimony from two young people who had beneliled from Caudwell Children's support and who helped inspire our generous audience lo make donations resulting in an on the nlghl surplus of £1 .2 million. lo help fund the charity's services in 2023. Later in the summer the charity also relurned lo Portugal where we hope to further establish a new audience of expatriate residents in the luxurious Quinta do Logo resort on Ihe Algarve. For the inaugural 8ullerfly Ball, Portugal wewere generously supported by Neuven Group and joined by esleemed guests and philanthropists who helped us raise over É30,000. The autumn then saw the welcome return ol Ihe Cycle with Champions challenge followed by the ultra- glamorous Bullerfly Ball, Monaco masterminded by Modesla Vzesniauskaite, supporled by Egle Maggi and sponsored by Wider and Burgess. The 2023 edition once again saw cyclists covering a mountainous course setting off and finishing at the Hotel Eze Hermitage before the gala evenl which this year took place al the iconic Buddah Bar in Monte Carlo. Our esteemed guests were Irealed lo entertainment from host Indre Kavaliauskaite, internationally fenowned magician, Rokas, singer Alexandra Miller and UK pop-star. Sophie Ellis-Bextor. The two day fundraising event successfully raised over E500,000 for the charily. We would like to thank all of the 2023 events headline sponsors, for enabling these important fundraising events to take place. The passionate and unremitting supporl of the charity's founder, John Caudwell, and his ne￿Ork of family friends and associates was again a significant conlributor to the charity's overall success in helping more families than ever before.

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) Icontlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 In 2020 John Caudwell launched his innovative new 'Life Changers Circle,, an exclusive ne￿Ork of high-value donors who share the same passion for philanthropy and wish to nelwork with like-minded people, with the help of his dedicated Charity Pioneer, Jo-Ann D'cosla-manuel. In 2023 we welcomed an additional three new couples who joined the first six members of the Life Changers Circle for a very special unveiling of their 'star' on the dedicated inslillalion at the Caudwell Inlernational Children's Centre. Each member has donaled an initial £100,000 to the charity and pledged lo donate £1 million each over 10 years. With special thanks lo our new 2023 indu¢lees Life Changers,. Mr Carl & Mrs Nicole Churchill, Mr Rishi & MTS Hetal Patel and Mr Oliver & Mrs Roisin Chapman. Further thanks also to our continuing rnembers for their on-going support; Mr Avnish & Mrs Anita Goyal. Mr Harry & Mrs Charlotte Fenner, Mr Graeme & Mrs Leanne Carling. Mr Lex van Hessen & Ms Taljana Simic and Ms Quentin Esme 8rown. Total income for the year decreased by 150/0 compared to 2022. The CEO and SLT maintained a strong focus on maximising the available income lo provide for our ongoing services. With every penny raised they continue to drive efficiencies and reduce expenditure where ever possible. It is a core value of all our employees and volunteers lo constantly search and oblain the best value for money in all Ihal they do. This is done with the clèar mind-set that the more we save the more services we are able lo deliver lo greater numbeis of disabled children and their families. We afe once again extremely proud to have maximised every £1 raised, thus enabling us lo provide more than £1.90 worth of goods and services for every £1 raised throughout 2023. This level of efficiency is further compounded by the Charity's unique situation, with Mr John Caudwell's annual personal donation. Mr John Caudwell, generously matches one third of all nel annual income raised, to help cover core non-service delivery overheads. This annual donation is dependent on the charity continually demonslraling the widespread positive impact on the health and wellbeing of disabled and aulislic children. This on-going support from Mr Caudwell maximises the impact of all other fundraising income, enabling the charily lo be more financially effective and recruit the best candidates to deliver imporlanl non-service delivery roles within the charity, including fundraising, adminislralion and marketing. Meanwhile, Caudwell Children continues lo work closely with colleagues across the voluntary sector lo ensure the most efficient and effective delivery of services. Over the past twelve months the charity has continued effective partnerships with organisalions including Edward Gostling Foundation, Tree of Hope, Just4Kids, Variely UK, Independence at Home, Family Fund and NewLife. The leam also furlhered our links with charitable services close to our Head Office in Staffordshi￿, with regular interaction with Ihe North Staffs Aulism and Asperger Sociely, Douglas Macmillan Hospice and Parent Voice. REPORTING BACK ON OUR OBJECTIVES A founding principle of Caudwell Children was to offer supporters transparency and efficiency. The Charily has a clear strategy document that is an all-encompassing flowchaft detailing the inputs and outputs of the charity including service delivery objectives, targets and costs. Provided to every team member and shared with external stakeholders. the overview provides clarity over the strategic pillars of the charity. and the key deliverables for the year. The useful reference tool also highlighted the extent and breadth of public and political work being undertaken but was not always visible lo team members.

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT} Icontinued) FOR THE YEAR ENDED 31 DECEMBER 2023 As in previous years the team has not slowed down in the pursuit of Caudwell Childfen holding a subslantial and recognised position within the charity market. Continuing to set challenging goals and working through collaborative methods to be identified as the UK leading voluntary provider of treatment, therapies and equipmenl across the UK. The scale of our direct work and ils impact continues lo gain a much wider recognition because of the creation and delivery of effi'cient, effective and person lead services. We have widened our scope of delivery partners and funding bodies allowing US to deliver new digital training services amongst other new seNices. The SLT continues to focus on the needs of the children and families and the suppoil of the staff in delivering these services even in the toughest of circumstances. The digital strategies brought forwards during the pandemie, along with the training and systems put in place have continued through 2023 allowing the charity to continue to respond lo the changing Impacls of the post-pandemSc world. These new learnings and skills have added to Caudwell Children's future capability lo deliver ever changing services and il is this that gives us so much pride in the team. It is IhSs continued leadership, management and dedication that stands the charity on firm foundations and why il consislenlly achieves ils ambitious targets and has even larger ambitions for Ihe years ahead. Whi15t being challenging in scale these future plans aim lo be recognised across the sector as a true exemplar of what can be achieved when many dlsciplines are brought together lo focus on the issues at hand. Each year we continue to expand our reach into new communilles. which In turn changes the futures of disabled chlldren and thelr families who continue to be in need of our services. In order to deliver more and more life changing therapies, we recognise the need to develop our service delivery provision We also understand Ihe national and global disability landscape and need for increased support and research in to the cause and effect of the most prevalent disabilities. In order lo meet these future goals. we designed, developed, built and opened the Caudwell I nlernalional Children's Centre in 2019. This mulli award winning, bespoke environment embraces the latest technologies wilhln an inlegraled infraslructure that has been designed with parent and Child collaboration as well as industry leading professionals. The Centre provides a state-of-the-arl base for our therapies and creates an environment where controlled, evidenced based research can be undertaken. Our aim for Ihis research is lo change the way some conditions are managed. changing the fuluies of millions of people around the world. With the build now complete and the centre fully open, the ongoing management of the wholly owned subsidiary CCG D&B Ltd is managed and administered on a purely voluntary basis by the CFO of Caudwell Children. This ensures that there will be no subsidiary running costs incurred by the charity and more importantly all profits earnt by th8 subsidiary during the construction phase have been donated back to Caudwell Children. In order to achieve the ongoing goals and aims of the charity, we seek your support for much more than money alone. We seek your support for a new approach lo disability and a lifelong partnership, giving disabled children the chance lo lead a full and independent life. Our interventions and support for disabililies will go way beyond the walls of the charity, enabling us lo change the disability landscape in the UK which will be achieved through meaningful stakeholder engagement, ¢ollaboration and communication.

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 OBJECTIVE 1 Contlnue to be a leading provider of equipment, treatment, theraples and support to disabled children As the charity's services continue to grow, we conllnue to seek effective tools of measuring impact to demonstrate to all stakeholders the imporlanl role the charity plays in the lives of families caring for aulislic and disabled children in the UK. In 2023 Caudwell Children supported famlliea raising disabled and autistic childfenlyoung people across the UK with 17,180 donations and services. This has exceeded our strategic aim of increasing our impact year-on-year (2022 - 14,406). Every service user receives a request to complete a service evaluation queslionnaire to ensure the charity is providing high quality services and Ihat we identify any problems. We target ourselves to achieve an average of 90Q/o 'Excellenl' rating across all services and metrics. In 2023 we reported an average of 970/0 'Excellent' rating, wilh sevon service lines reporting a 100°/o score. OBJECTIVE 2 Ral$e the proflle and awareness of the Charlty brand, helplng people to understand dlsablllties and chlldhood illness and the impact our support makes to Indlvldual liv88 Throughout 2023 extensive work has been underway lo reposition the charily brand for a broader and more diverse audience. Internal consultation and collaboration with a leacling branding agency has helped developed a new brand messaging framework lo be implemented in 2024 and beyond, which includes the launch of a new website and a design refresh. Collaborallon has always underpinned the charity's misslon lo create a betler world for disabled and autistic children. 11 is through stralegic partnerships and ne￿orkS that the charity is able lo reach greater numbers of beneficiaries and ensure the voices of people with lived experience of neurodiversity and disability are heard. In a posl-pandemic environment many of the charity's alliances have increased their activlly and impact. Partnershlps with the charily founder, John Caudwell, and organisations including the Greal British Entrepreneur Awards and the All Party Parliamentary Group for Cerebral Palsy have been important parts of the charily's successful outreach in 2023, which have been complimented with servlce delivery partnerships with NHS trusts and local authorities aimed at improving environments, systems and policy for disabled people. OBJECTIVE 3 To develop the infrastructure to enable Caudwell Children to fulfll its long term aims Recfultmenl and workforce retention remains one of the biggest challenges lo the charily. as we experience the same shortage of clinical speciallies as the whole healthcare network, including psychologists, speech & language therapists and occupational therapists. io

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 Despite the global shortage in qualified clinical staff we continue lo provide fanlaslic career opportunities for a growing number of our 'Purple People. and offer on-the-job training for an increasing amount of sludenls, apprentices and trainees. This dedicated and passionate workforce is complemented by a team of equally passionate and skilled volunteers, wilhoutwhom we would not be able lo deliver the same levels of support to our beneficiaries and we are incredibly grateful. During the year the charity recruited an Associate Director of Clinical Services who along with other critical clinical recruils have allowed the clinical Services lo develop and grow OBJECTIVE 4 Expandlng the services provided and Develop I Create new servlces to fit new needs. 2023 has seen Caudwell Children's service delivery strengthen in key areas of the Autism Service, Short Breaks and Family Support with increased numbers of children being helped in each area. Previously piloted with regional funding, the charity's Employability service also re-launched as 'Shaping Fulures, and began a new long term plan for supporting more young people with crucial life skills and training for employment andlor further education. The recruilmenl of the new Associate Director of Clinical Services who along with olher critical clinical recruits have allowed the current clinical Services lo develop and grow as well as allowing planning to lake place for new services within the clinical arena. These new services will be reported in greater detail in next year's accounts. INVESTMENT POLICY AND PERFORMANCE Investments Our policy is to ensure Ihal sufficient funds are secured for 1000/0 of all the family support equipment, treatment and therapies, al the point families enter the services. As a resull of the level of commilled expenditure, the majority of the funds have been restricted. These separate restricted funds can only be used for the intended services they are reslricled to. This leaves free reserves equal to just under seven monlhs of the budgeted general fund expenditure. These are slightly higher than the larget of six months but are much lower than the previous iwo years. These unrestricted reserves are held in case of any sudden decline in income and ensure commitments rnade lo providing services for children can be mel (in the form of conlraclual commitments to staff and premises). }￿ere treatment and therapy is agreed over a specified number of years, monies are restricted in the accounts against individual child cases, which ensures that all monies are available, as and when required_ This process is managed in the monthly management accounts by the CEO, CFO and overseen quarterly by Mr Craig Bennett. Company Secretary. As al 3111 December 2023 the charity holds total cash reseNes of £9.18m ofwhich £8.56m is deposited in a higher interest bearing inslanl access accounts. Due to Ihe nature of the reserves currently held for longer term critical therapy and treatment programmes Ihe charity is not in the position to deposit funds into any longer term higher interest accounts. li

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) Iconlinued) FOR THE YEAR ENDED 31 DECEMBER 2023 As Trustees. we lake a prudent approach whcn making decisions about investing thè. Charily's funds. Vvhen investing the Charity's funds. we will aim lo strike the right balance beiween.. providing Ihe best return on investments with minimal risk., having sufficient funds available to allow the Charily lo carry out its PUTposes effectively; Mainlaining. and if possible, enhancing the value of invested funds whilst they are retained. Trustees, Powers of Investment The Truslee Act gives trustees wide powers of inveslmenl, including shares in companies: land rented or leased out by the Charity lo tenants. interest-bearing loans such as government bonds and deposits al banks or building societies- and units in collective schemes, such as unit trusts. As Trustees, we reserve the right lo invest in any or all of such investments. We will not invest in derivatives, private equity schernes, land purchased and developed with a view to sale, works ofart, or commodities such as gold or vintage wine, acquired with a view to resale in the future al a profit. As Trustees, we may delegate the managemenl of the Charity's investments lo a specialist either by investing in one or more collective investment schemes, Such as unit Iru¥ls,' or delegating our investment decisions by appointing an investment manager. Investihent Parameters and R•strlctions Our investment parameters and restrictions are reviewed each year and questioned internally on a regular basis. All available options are weighed againsl our internal policies so as to maxlmise opportunities whilst minimising risk and ethical concerns. Given the above the following 9uidelines remain in place. All money lo be invested at any particular time shall be agreed by the Charity Trustees. Al no point should the Charity be wilhoul sufficient funds lo meet ils obligations. A re9ular cash-flow forecast musl be prepared and reviewed before additional investments are made. Investments should be subject to minimal risk. No investment should be made in company securities not listed on a recognlsed stock exchange or in unit trusls not recognised under the Financial Services Act 2000. There should be no holdings in single company investments. The e.thical siatemenl sel out below applies to all investments made by the Charity. Revlew The investment policy is reviewed annually by the Board of Trustees and although we are continually looking for investment opportunities our cash flows do not allow us available funds to deposit for the required length of time to benefit from the higher returns. Given the increasing number of children the charity aims lo assist and the capital investment required for our new charity building such medium and long-lerm investments are not practical. 12

CAUDWELL CHILDREN IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT} (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 RESERVES POLICY As Trustees, we regularly review the reserves position to ascertain whether or not the funds being held are adequate for Caudwell Children's work. In doing this we lake into consideration the assets required for the provision of the key provision, quality of provision and financial efficiency. The revlew l¢)oks at the nature of income and expenditure streams, the need Ig match variable income with fixed commitments and the nature of the reserves. A minimum level of unrestricted funds and restricted funds should be mainlained, to provide uninterrupted services. Outside of the Capital projecl reserves, much of the reslricled reserves are held for the provision of critical longer-term Irealmenl and therapy programmes. Unrestrlcted reserves The Charity has historically aimed lo maintain free reserves equivalent to no more than six months foMafd overhead expenditure. At 3101 December 2023 unrestricted free reserv8s {unreslrict8d funds less amounts included in tangible fixed assets) amounted to £2,712,072 which is equivalent lo jusl over seven months forward overhead expenditure. The increase is in line with the previous years and is predicted lo be back lo 6 months in 2024. Through ils risk management slrate9y, the Charity also manages risks assoclaled with cash Ilow, investment and money markets. Free reserves are maintained so that In the event of a sudden decline in income, contractual commitments to staff and funding partners can be maintained. The Charily also held £1,140,000 in designated funds. These funds have been designated for the purpose of matching the funding of various projects. These include the final year of a three year projecl with Ihe The Edward Gostling Foundation lo support our Sports Equipment and Equipment programmes. £1.000,000 was designated for the CCAS clinical services to show resilience and guarantee the services for the year ahead. Restricted Reserves In order to meet our strategic objectives and long-term commitments we have specifically raised funds for the following specific purposes.. The provision of providing therapies and treatment for disabled children The provision of specialist equipment for disabled children To provide practical and emotional support to disabled children and their familles In tlmes of crisis To build, equip and provide Autism assessments from a flagship centre for disabled children as an exemplar of good practice As at the end 2023, £20.763,688 was held in iestricled funds of which £16,467,081 is for the sole use of our innovative purpose-built centre for assessment, support and research which will is being depreciated over a 50 year period. £346.460 is held for our in-house Autism programme. In addition to these £2,087,040 funds are held for trealment, therapy and equipment provision. These funds provide core services, ensuring that we can provide equipment and Se￿ICe$ for the most disadvantaged and vulnerable families. Our fundraising ensures that funds are solely available for the specific purpose of providing treatment, therapy, and equipment and Iherefore are not compromised by the planned expansion of our charitable activities. 13

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORTI (continued} FOR THE YEAR ENDED 31 DECEM8ER 2023 FINANCIAL REVIEW With Ihe support of our major benefactors, every pound donated is able to be donated directy lo Caudwell Children's setvices supporting children, young people and their families. This coupled with the managements continued focus on efficiency and growth allows for maximum impact to be made by OUF people centred services on the lives of disabled children and their families. This years, venue for our annual Bullerfly Ball was, The Indigo Lounge at the 02 and generated a gross profit of over £1.2m. We thank our all of our supporters for making a success of this event once again. The total income decreased this year by £1,203,134 compared to 2022. This was driven by reduced income at our face-lo-face evenls including Ihe above mentioned Bulterlly Ball, London. Total expenditure decreased by £537,382 year on year. This was driven by reductions in event costs as well as a decrease in spend regarding children helped. We continue lo focus on reducing costs and increasing efficiencies so as to maximise the positive impact of all donations. We strive to increase the number of families reached across the UK whilst always focusing on value for money and eff iciency. To this end we are delighted lo announce that the number of donations and services provided in 2023 was 17,181 which equates lo a 200/0 increase on 2022 (14,291). Charitable activlty In Scotland As a charity registered in England, Wales and also in Scotland, we delivery our services in all Ihese areas. Caudwell Children offers and provided ils services to children across Scotland in 2023 including the provision of the New Get Sensory packs. Flnancial Planning We continue to manage the financial affairs through an annual planning process that aligns operational plans to generating the required resources. This annual plan is reviewed on a quarterly basis to ensure il provides us with the resources to meet the charities goals to achieve the vision. The plan also focuses on raising people's awareness of Caudwell Children, its work, disability and the challenges disabled chil(Iren and their families face. Cash forecasting is critical to the charity's ongoing success and all funds are held in instant access accounts lo allow the SLT and Trustees to be (lexible and reactive to Ihe demands on the chaiity.11 is vltal that these funds are accessible to provide the equipmenl, treatmeni and therapy services and the family support needs. Whilst Caudwell Children rely heavily upon voluntary income generated through individual giving. This year we have continued to receive support from our corporate supporters as well as regular donations from the public. We have also received funding from individual trusts & foundations, NHS and energy Trusts as well as local authority funding. The charity is committed lo grow it5 service delivery and therefore its fundraising, whilst continuing to focus on efficiency. Whilst we are proud lo deliver the highest quality of services, we are equally proud, if not more so of the efficient manner in which they have been developed and delivered in line with the needs of the young people. children and families, focused on a person<entred approach and all achieved by a Iremendously well lead and managed team. We are extremely grateful lo our commilled and generous supporters and volunteers who have given their time and money, and we wish to inspire other supporters lo join Caudwell Children's journey to help children, young people and families to receive the support they need so that they can reach their full potential and achieve their ambitions throughout their lifetime. The charity is ensuring the voice of their beneficiaries and stakeholders are heard and can influence change, life plans and societal issues which ensure this can occur. 14

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT IINCORPORATING STRATEGIC REPORT} (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW {continuedl All donors, supporters and partnerships are very important to Ihe team and of course are the back bone of the success of the charity's outcomes. They are supported and are inleracled wilh, with respect and as IheiT feque515 denote which are reflected in the ongoing donor strategy, Income Growth The need lo increase funclraising income was Identified to cover increased liabilities for Irealmenl, equipment, therapies, family services, Caudwell Children Autism Service and the ongoing running costs of the CICC, whilst laying the foundations for long-term developmenis. Awareness about disability and of our work in this area is key lo meeting the long-term vision and during the year funds have been raised to continue raising awareness and feaching those families most in need. Costs of generaling funds The cost of generating funds in 2023 was £1,079,491; a decrease of £164,289 on 2022. It costs on average 15.4 pence to raise each £1 which is an increase on the 2022 cosl of 15.1 pence per £1, We are aware of the need lo slrengihen and sustain our fundraising whilst continuing lo control cosls in challenging economic climate. Throughout 2023 we continued lo invest funds to create and enhance a stable long-term giving as well as shorl-term one-off events with a targeted ROI of 4..1. By employin9 all of the above processes, the trustees are satisfied that the financial management is well controlled and they and the SLT are fully informed and equipped lo manage the currenl situation we all find ourselves in. KEY MANAGEMENT PERSONNEL The board of directors, who are the Trustees, and the CEO supported by the SLT comprise the key management personnel of the Charily in charge of directing and controlling, running and operating the Charity on a day-lo.day basis. All Directors give their time freely and no Director received remuneiation in the year. All Directors expenses and related party transactions are disclosed in note 7 to the accounts. Durlng 2023 the charity s long standing CEO slepped down from their post and left the charity. For the remaining peiiod of 2023 the Iru5tees and SLT have worked closely logether to manage the charity on a day-to-day basis. Whilst the trustees seek lo recfuil the best available CEO replacement, Ihey are encouraged by the excellent performance of the incumbent SL T in ils ability lo rnanage the charity in such a positive and proaclive manner. The Trustees are also seeking lo add additional senior leadership posts within the Charily, with a specific emphasis on fundraising. The pay of the SLT is reviewed annually and is increased in line with.performance set against pre- defined targets. SLT members have their salaries benchmarked against similar roles in other organisalions of a similar nature. Some key strategic targets need to be managed over several years and as such can be incentivised via long term bonuses in such a way which can lead to fluclualions in staff payroll figures year on year. BebTheen October 2023 and March 2024 Ihe trustee5 board has added 5 additional members with differing and complimenlary professional expertise. 15

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORT) (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW (continued RISK MANAGEMENT As Trustees, we are responsible for ensuring effective risk management, and that inlernal controls are in place to appropriately manage the risk exposure of Caudwell Children. Caudwell Children review their risk management strategy as pafl of both IS09001 {2015) and CQC requirements. We, the Trustees, have compleled our annual review of the risk management slralegy. In the course of Ihis review, we considered.. the major risks to which Caudwell Children is exposed lo the polenlial impact and probability associated with each risk existing internal Controls and accountabilily for them Miligaling actions needed lo reduce each risk to a level that we consider lo be acceptable. Some of the main risk factors for conslderalion were as follows. Reputational Risk. Caudwell Children continues lo operate in an ethical manner and follows all laws, guidelines and melhods ofbest practice. We, the Truslees are assured that the repulalion is in good hands and with the bLiilding of the Caudwell Inlernaliorial Chlldren's Centre (CICC) its reputation will be taken to a truly global level. Given some of the issues suffered by many charities in past yeafs regarding Ilie use of third parties, services. In order to mitigate risk of guill by association, Caudwell Children only works with a limited number of long-lerm third party service providers. We continue to build partnerships with councils and local authorities, grant funded and commissioned services with NHS and Energy trusts to develop and delivering services wlth Ihelr own teams under CQC regulations and ISO standards. Donor Risk. Caudwell Children continues to develop ils donor base through high profile events such as the annual ball. regular events, Challenges, social media and PR coverage and fundraising campaigns. All of these positions are recorded in a risk register, which will continue lo be formally reviewed by the Trustee5 every year and is regularly monitored by the SLT as parl of the ISO & CQC process. The major financial risks are each subjecl lo ongoing monitoring and management. Major projects have forfflal project leads that scrulinise their progress and ensure they are properly planned, implemented and overseen in various meetings as noted within this document. The internal audit function deliv8rs a rolling programme of risk-based audits independently assessed annually through our exlernal inspection. which reviews progress of audits and follow-up by management. The Charity works closély with ils appointed Audit team to miligale financial risk both on ils current active pro9rammes and on all future ventures. Commercial Activltles Throughout 2023, we continued to review and develop plans for trading activities including cornmercial sponsorships and product sales. We will continue to review trading income and the establishment of a trading company taking inlo account the gerseral economic climale. and looking to maximise brand alignment and positioning. 16

CAUDWELL CHILDREN (A COMPANY LIMITED BYGUARANTEE) TRUSTEES. REPORT {INCORPORATING STRATEGIC REPORT) Icontinued) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW lcontinuedl Fundraising Activities Following the implementation of the Charities, Protection end Social Investment (PSI) Act 2016, the Charily has reviewed ils fundraising activities and confirms Ihal it complies with the regulation. The Charily did not make use of any external fundraisers. No complaints were received in respect of ils fundraising activities. Ethlcal Awareness As Trustees,, our principal responsibility is lo act in the best interests of the aims and objectives of the Charity. Caudwell Children's belief is at all times to work with companies who hold similai ethiGal values to Caudwell Children. As Trustees, we will take all reasonable steps. lo ensure all potential inveslmenls, are done so as to avold investing in or wilh businesses where.. such investment mi9hl conflict. or be inconsistent, wilh the aims, objeclives or activities of Caudwell Children., such investment might hamper the work of Caudwell Children either by alienallng linancial supporters or potential financial supporters., or by having a material impact on applications from families in need of the Charity's services., Such inveslment is considered lo be unethical. STATEMENT OF TRUSTEE'S RESPONSIBILITIES As Trustees (we are also directors of Caudwell Children for the purposes of company lawl we are responsible for preparing Ihe Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Company law iequires the Truslees lo prepare financial slalements for each financial year which give a true and fair view of the slate of offairs of the charitable company and of the incoming resources and application of resources, including the income and expendilure. of the charitable company for thal period. In preparing these financial statements. we the Trustees are required to.. Select suitable accounling policies and Ihen apply them consistently; Observe the melhods and principles in Ihe Charilies SORP., Make judgements and eslimales that are reasonable and prudent., Slate whether applicable UK Accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalements- Prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will continue in business 17

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCORPORATING STRATEGIC REPORTI (continuedl FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW (continued) We, the Truslees, are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time of the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. We are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevenlion and detection of fraud arid other irregularities, In so far as we are aware: There is no ielevant audit information of which the charitable company's auditor is unaware; and We, the Trustees have taken all steps Ihal we ought lo have taken lo make ourselves aware of any relevant audit information and lo eslablish th81 the audllor is aware of that informalion. Auditors Haysmacinlyre LLP offer themselves for re-appointment at the next Annual General Meeting. Approval This Trustee s Reporl, Incorporating Ihe Strategic Report, was approved by the Truslees on 24th July 2024 and signed on it5 behalf, by.. C Bennett Trustee 18

CAUDWELL CHILDREN (A COMPANY LIMITED BYGUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CAUDWELL CHILDREN Opinion We have audited the financial statements of Caudwell Children for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activilies, Group and Charitable company 8alance Sheets, the Consolidated Cash Flow Statement and notes to the financial slalements, includlng a summary of significant accounling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland (United Kingdom Generaiiy Accepted Accounting Practice). In our opinlon. the financial stalemenls: give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 December 2023 and of the group's and parent charitable company's net movement in funds, including the income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Aceounling Practice., and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charitie5 and Trustee Investment {Scolland} Acl 2005 and regulalion 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit In accordance with Inteinational Standards on Audillng (UK) IISAS {UK)l and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the group 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suflicienl and appropriate to provide a basls for our opinion. Conclusions relatlng to golng concern In auditing the linancial slatemenls, we have concluded Ihat the trustees, use of the going concern basis of accounting in the preparation of the financial stalemenls is appropriale. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may ¢asl significant doubl on the group's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibililles and the responsibilities of the Iruslees wilh respect to going concern are described in the relevant sections of this report. Other Informatlon The Iruslees are responsible for the other information. The olher information comprises Ihe information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. In connection wilh our audit of the financial slalements, our responsibilily is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the fi'nancial stalemenls or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material mi5Statement of the other information. If, based on the workwe have performed, we conclude that there 19

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CAUDWELL CHILDREN {¢ontinued) is a material misstalement ofthis other information. we are required lo report thal fact. We have nothing to report in this regard. Opinions 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, Annual Report (which includes the strategic report and the directors, report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with Ihe financial slalemenls.. and the strategic report and the directors, report included wilhin the Trustees, Annual Repoil have been prepared in accordance wilh applicable legal requirements. Matters on which we are requlred lo report by exceptlon In Ihe light of the knowledge and understanding ofthe group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstalemenls in the Trustees, Annual Report (which incorporates the slrale9ic repoil and the directors, report) We have nothing to report in respect of the following matters in reiatlon lu wl iibl) tSie Companic" 2006 and the Charity Accounts (Scollandl Regulations {as amended) require us to report to you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company., or the parent charitable company financial statements are not in agreement with the accounting records and relurns; or cerlairb 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. Responslbilities of trustees for the financial stalements As explained more fully in the trustees, responsibilities Slatemenl sel out on pag8 17, the trustees (who are also the directors of the charilable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied Ihal they give a true and fair view, and for such internal control as the Iruslees determine is necessary to enable the preparation of financial slalements that are free from malerial misstatement, whether due to fraud or error. In preparing the financial stalements, the trustees are responsible for assessing the group's and the parent charitable company's abilily to coiitinue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either inlend to liquidate the gfOUP or the parent charitable company or to cease operatlons. or have no realistic alternative bul to do so. Audltor's responsibilitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. 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 a material misslatemenl when it exists. Misslatemenls can arise from fraud or error and are considered malerial if, individually or in Ihe aggregale. they Could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures in line wilh our responsibilities, outlined above, to detect material misstatements in respect of if￿g￿larities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. 20

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF CAUDWELL CHILDREN (continued) Based on our understanding of the group and Ihe environment in which il operates, we identified that the principal risks of non-compliance with laws and regulations related to charity and company law applicable in England, Wales and Scotland, and we considered the extent lo which non-compliance might have a material effect on the financial statements. We also considered those laws and regulalions that have a direct impact on the preparation of the financial statements such as the Companies Act 2008, the Charities Acl 2011 and Ihe Charities and Trustee Investment (Scolland) Act 2005. We evaluated management's incentives and opportunities for fraudulenl manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to revenue recognilion and management override of controls. Audit procedures performed by the engagement team included.. Inspecting correspondence with regulators and tax aulhorilies., Discussions with management including consideration of known or suspected instances ofnon- compliance with laws and regulalion and fraud., Evaluating management's controls designed to prevent and detect irregularilies: Idenlifying and lesling journals., and Challenging assumptions and judgemenls made by management in Iheir accounting eslimales. Because of the inherent limitations of an audit. there is a risk that we will not delecl all irregularities, including those leading to a material misslalemenl in the financial statemenls or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and Iransaclions reflected in the financial statements. as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud ralher than error, as fraud involves intentional concealment, forgery, collusion, omission or misTepresenlalion. A further description of our responsibilities for Ihe audil of Ihe financial statements is localed on the Financial Reporling Council's website al., www.frc. .uklaudilorsres onsibililies. This description forms part of our auditor's reporl. Use ol our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Parl 16 of the Companies Act 2006, section 44{1)(c) of the Charities and Truslee Investment <Scolland) Act 2005 and regulation 10 of the Charilles Accounts (Scollandl Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members Ihose matters we are required lo stale to them in an Auditor's report and for no other purpose. To the fullest extent pefmitled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this repoil, or for the opinions we have formed. Lee Slokes (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Stalutory Auditors 10 Queen Slreel Place London EC4R 1AG Date: 25 July 2024 21

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) C.ONSOLIDATED STATEMENT OF FINANCIAL ACTIVITES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted general funds Designated funds Restrlcted funds Total 2023 Tol?12022 Notes Income from.. Donations & Legacies Raising lunds 954.982 1,535.955 3,009,777 1.208,261 3,964,759 2,744.216 3,986.888 4.156.451 Income from Inveslmenls 309,657 309,657 78,628 Total 2,800,594 4,218,038 7,018,632 8,221,767 Ex enditure on: Ralslng Funds Cosls of events 863,880 218,611 1,079,491 1.243.780 Charitable activities Children in the community Advice and Awareness 1,798.128 974,066 2,789,598 271.642 4.587,726 1,245.708 4,854.084 1,352,443 Total 3,636,074 3,276,851 6,912,925 7,450.307 N81 Income before Ifansfers 1835,4BOI 941,187 105,707 771.460 Transfers belween funds 12 130,000) 30,000 Net mDv6ment In funds 1835,4801 130,0001 971,187 105,707 771,460 Tolal funds brought fotward 3,547,552 1,170,000 19,792,501 24,510,053 23,738,593 total funds..carried lo￿8rd 2,712,072 1,140,000 20,763,688 .24,616.760 24,510,053 All of the above results are derived from conlinuing activilles. There were no other recognised gains or losses other than those stated above

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET COMPANY NO. 3864620 AS A T 31 DECEMBER 2023 Nci18s Group 2023 Group 2022 Charlty 2023 Charity 2022 Fixed Assets Tangible assels Inveslmenl in CCG D&B Ltd 15,145,946 15,465.547 15,145,946 15,465,547 Current. assets Deblors Cash al bank and in hand io 2.302,085 .183,717 2,711.607 9,509,543 2.302,325 9,183,477 2,711,606 9.509,543 11,485,802 12,221,150 11,485,802 12,221,149 Creditors.. amounts falling 11 due wilhln one year (2.015,988) (3,176,844) 12,015,989} (3,176,644) Net current #$$ets 9.469,814 9,044.506 9.469,813 9,044,505 Net assets 24,615,760 24,510.053 24,615,760 24,510.053 Income fund$ Resliicled funds Designated funds Unreslricled funds 12 20,763,688 1,140,000 2,712,072 19,792.501 1,170,000 3,547,552 20.763,688 1,140,000 2,712,072 19,792.501 1,170,000 3.547.552 24,615,760 24,510,053 24.615,760 24.510,053 The nel movement in funds for the year relating lo the parent charily alone amounted to a'surplus of £105,70712022.' surplus £771.460) The financial statements were approved and authorlsed for issue by the Board of Trustees on.. 241h July 2024 and were signed below on ils behalf by: C Bennett Trustee 23

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF CASH FLOWS AS A T 31 DECEMBER 2023 Noles 2023 2022 Cash used In operatlng actlvltles 15 1575.983) 1.545.150 Cash flows from Investlng actlvities Interest income Purchase of tangible fixed assets 309,657 159.500> 78,628 (48,102) Cash used In investlng a¢tivitle$ 250,157 30.526 Cash flow8 Iroi?) linan¢lng activlties Cash used in linancing aclivilies Increase Idecreasel In Gash and cash equivalents In the year (325,826) 1,575,676 Cash and ¢a$h equivalents at the beginning of the year 9,509,543 7,933,867 'Total cash and cash equivalents at the end of the year 9,183,717 9,509,543 Analys18 ol cash and cash equlvalents 2023 2022 Cash in hand 9,183,717 9.509,543 Total cash and cash equivalents 9,183.717 9,509,543 The accompanying notes form part of these finan'cial statements. 211

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR fHE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of Preparatlon The financial slalements have been prepared in accordance with Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 20151- (Charities SORP IFRS102)}, Ihe Financial Repoiling standard applicable in the UK and Republlc of Ireland (FRS 102) and the Companies Act 2006. Caudwell Children meets the definition of a public benefv'l entity under FRS102. Assets and liabilities are initially recognised at historical cosl or tfansaclion value unless othefwise slated in the relevant accounting policy notes. Going Concern Given the charitable company's favourable fundraising record and the level of free reserves available at the year end, the Trustees consider that the charitable company has adequate resources lo continue in operational exlstence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. Basis of Consolidation The financial statements consolidate the results of the charity and ils wholly owned subsidiary CCG D&B Ltd on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the chaiily has taken advantage of the exemption afforded by section 408 of the .Companies Act 2006. 25

CAUDWELL CHILDREN IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES (continued) Income Income has been Tecognised gross on the basis of enlillement, probability and measurement. Donations and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. For legacies, enlitlement is taken as the earlier of the dale on which either.. the charity is aware that probate has been granted, the estate has been finalised and nolificalion has been made by the executorls) to the Trust that a distribution will be made, or when a distribution is received from the eslale. Gifts in Kind income represents various services donated free of charge to charity in relation lo all of ils activities including the 8utlerlly Ball. This income is only included in in¢omin,g resources when il can be reliably estimated. Investmenl Income Investnienl income reflects the amount receivable for the year. Expenditure Expenditure is recognlsed on an accruals basls. Costs of Taising funds are those costs incurred in altracling voluntary income, in p8rtiCLtlar grant funding and the costs of maintaining the Charily's profile within the sector. Costs are apportioned on the basis of hours worked. Expenditure relating lo Children in the Community is the element ol expenditure directly incurred in pefforming these activities. Provision is made for grants when approved by the Trusteeslmanagemenl. Governance costs include Ihose costs Incurred in the governance of the Charity's assets and are primarily associated with constitutional and slalutory requirements. Governance Costs are now allocated lo charitable activities in full. Foreign currencies Transactions denominated in foreign currencies are translated al the rale of exchange prevailing al the time of the transaction. Foreign currency balances are translated at the rale of exchange prevailing at the Balance Sheet dale. Foreign exchange gains and losses incurred in respect of service provision are included in Ihe SOFA wlthin charltable activily expenditure for the period in which they are incurred. Tanglble flxèd assets and depreclatSon Tangible fixed assets are stated at cost less depreciation. The financial threshold for capilalising an assel is £1,000. Depreciation is provided al rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Fixtures. fitlings & equipment Value of leasehold Buildings 36 months straight line 125 years straight line 50 years straight line 26

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued} FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES {continued) Accumulated funds Unreslricled funds are general funds that are available for the use at the Trustees, discretion in furtherance of the objectives of the Charity. Reslricled funds are subject to specific conditions by donots as lo how they may be used. The purposes and uses of the reslricled funds are set out in the notes lo the accounts. Designated funds comprise unreslricted funds whlch have been sel aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the noles lo the financial stalemenls. Pensions The pension costs in respecl of the defined contribution scheme charged in the financial statements represent the contributions payable by the Charity in Ihe year. The Scheme is closed to new members. The Charity also operates a stakeholder pension scheme open to all employees. Taxation As a registered charity, Caudwell Children is potentially exempt fiom laxalion on its income and gains falling within s505 Income & Corporation Taxes Act 1988 and s256 Taxation ol Chargeable Gains Act 1992 to the extent that these are applied lo its charilable purposes. No lax charge has arisen in the year Flnanclal Instruments Basic financial instruments are initially recognisecl at transaction value and subsequently measured at amorlised with Ihe exception of investments which are held at fair value. Financial assets held at amortised cost comprlse cash al bank and in hand, together with trade and other deblors. A specific provision is made for debts for which recoverability is in doubl. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital. Financial liabilities held at amortl8ed cost comprise all creditors except social security and other taxes and provisions. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash al bank and cash in hand includes cash and short term highty liquid inveslments. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 27

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES {continued) Employee benefits Short term benelits Short term benefits including holiday pay are recognised as an expense in the period In which the service is received. Employee terrnination benefits Termination benelils are accounted for on an accrual basis and In line with FRS 102. Crltlcal accountlng Judgements and koy 80urces of eslimation uncertainty In the application of the accounting policies, Trustees are required lo make judgements, estimates, and assumptions about the carrying value of assels and liabililies Ihal are not readily apparent from other sources, The eslimales and underlying assumptions are based on hlstorical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlyin9 assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised if the revision affects only that period, or In the perlod of the revlslon and future periods if the revision affected Gurrenl and future periods. In the view of the Trustees, no assumptions concerning the future or eslimalion uncertainty affecting assets or liabilities al the balance sheet date are likely to fesull in a material adjustment to their carrying amounts in the nexl flnancial year. 28

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS {continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations & Legacles Unrestricted Designated Reslricted Total 2023 .,funds funds funds Oonalions and gifts 918,804 36,178 1,105,133 2,023,937 36,178 Gifts in kind Grants receivable for c'ore aclivilies 1,904,644 1,904,644 954,982 3,009,777 3,964,759 2022 Com arative Donations & Le acies Unreslricled Designated Restricted funds funds funds Total 2022 Donations and gifts 694,039 16,968 1.317,882 2,011,921 16,968 Gifts in kind Granls receivable for core activilles 1,957,799 1,957.799 711,007 3,275,681 3.986,688 29

CAUDWELL CHILDREN IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continuedl FOR THE YEAR ENDED 31 DECEMBER 2023 Other Trading Acllvities 2023 2022 Other Trading Activities Costs of events 2,744,216 11,079,491) 4,1 $6,451 (1,243,780) 1,664,725 2,912,671 Included within the above is £1,208.261 (2022.. £1,205,460) raised for restricted purposes. Income from Investments- unrestricted funds 2023 2022 Interest receivable 309,657 78,628 Expendlture Staff costs Oepreclation Other costs Grant Total 2023 funding Expendlturo on ralslng funds Costs of Evenls 378,406 701,085 1,079,491 Exp8ndlturo on Charitable activities Childrer) in the communily Activities undertaken direclly Advlce and Awareness 64.331 1,084,403 476.742 1,756,663 1,820,994 2,766,731 1,245,709 379.101 1.303,227 768,987 Total 2,003.882 379,101 2,773,279 1,756,663 6,912.925 30

CAUDWELLCHILDREN IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS {¢ontinued) FOR THE YEAR ENDED 31 DECEMBER 2023 .2022 Com aralive Ex endilure Staff Depreciation osts Other costs Grant funding Total 2022 Expenditure on raising funds Costs of Events 396,330 847,450 1,243,780 Expendi'ture on Charltable activities Children in Ihe community Activities undertaken directly Advlce and Awareness 48.043 1,115,132 465,391 2.403,193 2,451,226 2.402,858 1,352.443 378,559 909,167 887.052 Total 2,024,896 378,559 2,643,669 2,403,183 7.450.307 Included in the above chariiable expenses were Governance costs including amounts payable to Ihe auditors of £25,218 incl. VAT (2022.. £22.731). Included in the above Other Cost8 are Support Costs of £1,810,624 {2022.' £943.363). The support costs are apportioned based on time spent on charity aclivilies. Net movernent in funds 2023 2022 This is slated after charging.. Depreciation of tangible fixed assets.. owned by the charity 379,101 378,559 Auditors, remuneration - audit 26.218 22,731 Pension costs 92,356 81,222 31

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payable Total 2023 Total 2022 Reconciliation of grants payable Commitments al 1 January 2023 Grants awarded in the year Amounts paid in the year 1,858,221 1,150,690 1,756,663 2,403,183 (2,425,090) (1,695,652) Commitments al 31 Decèmber 2023 1,189,794 1,858,221 Commitments al 31 December 2023 are p.ayable as follows". Within one year After more Ihan one year 1,189,794 1,858,221 1,189,794 1,858,221 Tru8t8es No Trustees were paid remuneration 2023 (2022 - £Nil). No Trustee Expenses were paid out in 2023 (2022 £Nill. Staff Costs Number of employees The average headcounl of employees during the year was-. 2023 2022 Fundraising and charilable activities 86 77 Wages and salaries Social securily cosls Other pension costs 2,831,863 264,003 92,356 2,743,284 274,873 81,222 3,188,222 3,099,379 32

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 The nymber of employees whose annual emoluments were £60,000 or more was.. 2023 2022 £60,000 - £70,000 £80,000 - £90.000 £90,000 - £100,000 £100,000- £110,000 £110,000- £120,000 £120,000- £130,000 £170,000- £180,000 £190,000 - £200,000 £370,000 - £380,000 The above bandings comprlse of Basic pay + Bonus + all P11 D Benefits. The Bonus figures include amounts that although earned and accrued within the financial year may not be paid out for several years as they form part of long term cumulative largels. The Key management personnel of the parent charity comprise the Trustees. the Chief Executive Officer and the Executive team. The total employ8e benefits of Ihe key management personnel of the charily were £1,077,959 (2022.. £1,195,425). The above figures comprise of Basic pay + Bonus + all P110 Benefits + employers NIC + employers, pension. The above wages and salaries figures include redundancy payments of £nil {2022'. £2,519). There were no outslanding redundancy liabilities as al Ihe year end. 33

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued} FOR THE YEAR ENDED 31 DECEMBER 2023 Tangible Fixed Assets - Group and Charlty Fixture Fittings & Equipment Land & Buildings Total Assets Cost At 181 January 2023 713,628 16,797,934 17,511,562 Additions 59,500 59,500 Disposals (19,512) (19,512 Al 31 December 2023 753,616 16,797,934 17,551,550 Depreciation Al 111 January 2023 643,963 1,402,052 2,046,015 Charge for the Year 46,726 332,375 379,101 Disposals (19,512) 119,512) Al 31 December 2023 671,177 1,734,427 2,405,604 Net Book Value Al 3111 December 2023 82,439 15,063,507 15,145,946 At 3181 December 2022 69,665 15,395,882 15,465,547 10 Debtors Group 2023 Group 2022 Charity 2023 Charity 2022 Sales ledger control account other debtors Accrued income Pfepayments Inter-company deblor 1,602,845 274,341 185,110 239,789 2,268,307 13,605 95.692 334.002 1,602,845 274,341 18S,110 239,789 240 2.268,307 13.605 95.692 334.002 2,302,085 2,711,606 2,302,325 2,711,606 34

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Creditors: amounts falling due within one year Group 2023 Group 2022 Charity 2023 Charily 2022 Trade creditors Gran15 payable Other creéilors Accruals Other tax and social securily Deferred income Inler-company creditor 194,419 1,189,794 18,467 523,039 82,853 7,416 412,825 1,858,221 15,515 791,387 69,697 28,999 194,419 1,189,794 18,467 523,039 82,853 7,416 412,824 1,858,221 15.515 791.387 69,697 28.999 2,015,988 3,176,644 2,015,989 3,176.644 No deferred income was brought forward and released during the year. 12 Restrlcted Funds The income funds of the chaiily include reslricled funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. -movement In funds Balance at 1 January 2023 Balance at 31 Deeember 2023 Income Expendlture AdJu81ment8' Charity Building Treatment, Therapy & Equipment (inc Wheelchairs) Autism Services Digital Skills Sports Equipment .Local Family Support Short Breaks Spirit of 2012 Warm Homes SDR & Appeals Life Changers Circle Workshops Admin & Management Tolal 16,799,456 1,606,701 1,044,557 {332,375) 11,297,310 16,467,081 2,087,040 733,092 416,907 1,068,674 40,749 15,176 1,903 728 60,370 37,615 35,935 59,404 780,959 7,584 1,105,133 19,792,501 4,218,038 (1,139,121) {7,330) 11,9041 {12,686) {62,496) 114,344) 18,2501 {75,3681 346,460 48,595 59,320 59,321 11,958 37,214 1,300 19,495 311,071 576,640 35,088 24,571 18,190 312,160 1,357,599 7,584 17,053 11,105,133) 14,056,317) 809,466 20,763,688 "Adjustments are due to the reversal of prior year grant pledges that are now no longer required. (AdJu51ments need to be netted off lo above expenditure when comparing lo expenditure in the SOFA) 35

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Com aralive movement in restricted funds Movemènt In fund8 Balance at 1 January 2022 Balance at 31 Decèmber 2022 Income Expenditure Charily Building Treatment, Therapy & Equipment (inc Wheelchairs) Autism Services Digital Skills Sports Equipmenl Big Lottery Scotland Local Family Support Short Breaks Spirit of 2012 Warm Homes SDR & Appeals Life Changers Circle Workshops Admin & Management Total 17,131,831 1,236,70S (332,375) 1980,756) 16,799,456 1,606,701 1.350,752, 521,718 (5,390) 109,512 774,344 80,375 108,942. 1879,155 134,236) (218,454) 416,907 40,749 167 34,273 2,955 2,350 341,394 212,668 14,899 46,985 89,971 129,971 113,048 563,972 (3,108) (44,0441 (91,626) 1141,816} 1143,371) {200,0001 11,958 37,214 1,300 (9,495 311,071 576,640 1,317,882 4,591,141 (1,317,882) {4,386,8241 19,588,184 19,792,501 'Includes £110.000 Iransferred from unreslricled as malch funding in relatlon lo the criteria of an awarded Grant Charlty Bulldlng The Charity made a long-term commllmenl to develop a purpose-built specialist children's centre,. designed in consultation with children and families it is a landmark in inclusive design, demonstrating accessibilily for people with both physical disabilities and neurodiverse conditions. In order to meet the cosls of the project and ongoing associated costs the Charity undertook specific fundraising and appeals lo generate the significant funds required lo make the vision a reality. The new building officially opened in 2019 and this restricted fund will reduce in value of the next So years as Ihe capital project is depreciated. Treatm'ent, Equlprnent, Theraples & Wheelchalrs T'he Charily annually raises money to provide children who meet the Charity's criteria nalionally with specialist equipment such as powered wheelchairs not provided by statutory funding, pioneering treatment and therapies and from 2020 our speclfically designed Get Sensory Packs. Included wilhin this calegory are grants tolalling £80,000 from the Edward Gostlin9 Foundation. These amounts are lo be match funded by Caudwell Children as part of an ongoing mulli-year commitment from the Edward Goslling Foundation which will continue to be highlighted in future accounts. 36

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (contii)ued} FOR THE YEAR ENDED 31 DECEMBER 2023 Autism Services The Charily annually raises money to provide children who meet the Charity's criteria nationally with holistic therapy and support programmes. This form offunding was ran down through 2017 & 2018 and was replaced by our in house. fully CQC regulated, diagnostic, intervention and research programme, Caudwell Children Autism Service {CCAS) from 2019 onwafds. This new wrap around service lakes place both online and within the award winning Caudwell International Children's Centre. Digltal Skllls The Charity provides digital skills training to young adulis. This training provides young people with the necessary skills to go onto further education or employment. The short term negative balance was caused by the payment in arrears by Ihe initial funder. Going forward balances are all posilive. Sports Equipment The Charities Sports Equipment service provides disabled children and young people with the specially adapted equipment they ieqvire lo lake part in competitive and recreational sporls al all levels. Big Lottery Scotland - Investlng in Communlt5es -Family Support Glasgow Providing support to work with disadvantaged families who have one or more dlsabled child, providing support al dlagnosis, providing 6 weeks of intensive support, Family Support Servlces The Charily annually raises money to provide famlly support services and shofl break aclivllies, at limes of crisls. Short Breaks The Charily is commlssioned lo delivery short break activities by local authoiilies. These are delivered in numerous locations depending upon the requirement of the contract. Splrlt of 2012 The Charity has been awarded three years funding from the Wesl Midlands Challenge Fund. This funding is being used lo support community workshops within the wesl midlands leading up to the Common Wealth Games held within Birmingham. Warm Homes The Charity is working wilh th8 Energy Trust on a two-year project lo support parents I carers of disabled children living in fuel poverty. The charity Is working with energy specialist5 lo create a team ofdisabilily energy champions who can reach into the commissione'd regions and assist these vulnerable families. This fund is in deficit as al 3181 December 2022 due lo expenditure made in advance of income received. SDR & Indivldual Treatment Appeals These funds have been raised lo fund high value specialist treatments and associated social and rehabilitation costs for individual children. The charity delivers several streams of support for families accessing SDR and posl-opeTative rehabililalion services by assisting the families in their own fundraising or by providin9 malch-funding grants in parlneiship with other children's charities and the hospilals or rehab providers delivering the interventions. The charity also supports families where necessary with all the arrangements such as hospital costs. flighls. accommodation and ongoing physiolherapy. 37

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEM8ER 2023 AdTniiiislratioii & Maiiagemei)I This fund is set up to generate funds for the operating costs of the Charity. This enables monies raised on the other funds to be fully distributed to their causes wilhoul the deduction of the running costs of the Charity. 12a. Unrestricted funds Included within unrestricted funds is £1,140,000 designated funds. This is made up of £1,000.000 for our Autism services during 2024. £30,000 for match funding purposes to be provided by The Edward Gosling Foundation. £50,000 to be retained for website developmenl and £60,000 for the "We Are All Differenl" campaign. As at the year end the Charity had unrestricted general, funds of £2,712,072. 13 An?lysls of net assets between funds Unrestricted Designated funds funds Restricted funds Total Fund balances at 31 December 2023 are represented by.. Tangible fixed assets Current assets Creditors.. amounts falling due within one year 82,439 3.455.828 15,063,507 6.889,974 15.145.946 11,485.802 1,140.000 {826,19S) (1.189,793) {2.015.9881 2,712,072 1,140,000 20,763,688 24,615,760 38

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Com aralive anal sis ol net assets beiween fund5 Unrestricted Designated Restricted funds funds funds Total Fund balances al 31 December 2022 are represented by.. Tangible fixed assets Current assets Creditors.. amounts falling due within one year 69,665 4,796,309 15.395,882 6,254,841 15,465,547 12,221,150 1,170,000 (1,318,422) (1.858,222) (3,176.6441 3,547,552 1,170,000 19,792,501 24,510,063 14 Related partles Total donations received from John Caudwell during the year were £1,169,074 12022.. £1,713,560), including a pledge of£l,105,133 before the year end which was received in April 2024. 15 Reconclllatlon of net movement In funds lo net cash flow from openlng activltie8 Group 2023 Group 2022 Nel movement in funds Add back depreciation charge Less interest receivable Decrease in debtors (Decrease) in creditors Nel cash used in operatlng activities 105,707 771,460 379,102 378,559 {309,657 178,628) 409,521 (586,811 } 1 160 656 1060 570 1575,983) 1.545,150 39

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEIWBER 2023 16 Subsldiary The wholly owned trading subsidiary CCG D&B Ltd was incorporated in the United Kingdom (company number.9436124 in 2015 and pays all of its profils lo the charity under the gift aid scheme. CCG D&B Ltd operates as a Design and Build Company with Ihe sole task of managing the construclion of the new International Centre for Childhood Disability. The new centre officially opened in 2019 and now houses both the charities administration and delivery of services. CCG D&B Ltd is managed and administered on a purely voluntary basis by the CEO and the CFO of Caudwell Children. This ensures that there will be no subsidiary running costs incurred by the charity and more importantly any profits earnt by the subsidiary will be donated back lo Caudwell Children. CCG D&B is limited shares which are 1000/4 own¢d by Caudwell Children. None of the Directors of Caudwell Child￿n sit on the board of QCG D&B Ltd. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Total Turnover 1.236 Total Cost Of Sales Gross Proflt I (Loss) Adminislralive Expenses (1,386) (2,7641 Profit and Loss on Ordlnary Activlties before Taxatlon 4,000 Gift Aid paid 4,000 Profit and (Loss) for the Flnancial Year 40

CAUDWELL CHILDREN {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (¢ontlnued} FOR THE YEAR ENDED 31 DECEMBER 2023 CCG D&B.BALANCE SHEET AS A T31 DECEMBER 2023 2023 2022 Current assets tsank Dèbtors 240 Total Current Assets 241 Creditors: amounts falllng due wlthln one year (240) Net current assels Net a6$8ts Capital and Reserve$ Called up Share Capllal Profil and Loss 17 Parent Company D5selosures Income ofthe charity {Ihe parent company) amounted to £7,018,633 {2022.' £8,2.21,766). Net movement in funds amounted to a surplus of£105,707 (2072.. a surplus of £771,459). 41

CAUDWELL CHILDREN (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Comparative SOFA for 2022 Unre$tri¢ted general funds Designaled funds Restricted funds Total 2022 Total 2021 Noles Income from: Donalions & Legacies Raisin9 funds 711,007 2,950,991 3,275,681 1.205.460 3,986,688 4.156.451 2,376.103 3,778,049 Income from Investments 78,628 78,628 3,807 Total 3,7.40.626 4,481,141 8,221.767 6,157,959 enditur Ralslng Funds Cosls of evenl6 on.. 979,564 264,216 1,243.780 761,558 Charitable activitles Children in Ihe community Advice and Awareness 1,041,732 1,042,187 3,812,352 310.256 4.854.084 1,352.443 3,969,351 839,269 Total 3,063,483 4,386.824 7,450.307 5,570,178 Nel Income before transfers 677,143 94,317 771,460 587,781 Transfers belween funds 12 11,111.705 1,001,705 110.000 Net movement. In funds 1434,5621 1,001,705 204,317 771,460 587,781 Total lunds brought lomard 3,982,114 168,295 19,588,184 23,738,593 23,150,812 Total fund8 carrlèd forward 3,547,S52 1.170,000 19,792.501 24,510,053 23.738,593 42