2024-12-31-accounts

REGISTERED COMPANY NUMBER: 04735773 (England and Wales REGISTERED CHARITY NUMBER: 1100949 REpoirf OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LATCH WELSH CHILDREN% CANCER CHARrrY Xeinadin ￿dit Limited (Statutory Ajditor) Court House Court Road Bridgend CF3118E

LATCH WELSH CHILDREN% CANCER CTrIARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of tha Trust•88 1 to 16 Report of the Indop6ndent Audltor¥ 17 to 19 Stslement of Flnanclal Actlvlllas Balance Shaet 21 Cash Flow Statom•nt Notes lo the Cash Flow SlatThnt 23 Notag 10 th• Financial Statements 24 to 33

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735T13 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also dlrectors of the charity for the purposes of the Companies Act 2006, present thelr reprjrt wlth the financial statements of the charlty for the year ended 31 December 2024. The trust88s h8V6 adopted the provlslons of Accountlng and Reporting by Charltles: Statement of Recommended Practlce applicAble to charltles preparfng thelr accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) {effectiV8 1 January 2019). Statement from Iho Chalr of Tru$tse8 2024 has been a year of contlnued innovation, consolldatton and strateglc growth for LATCH. dbsplaylng our steadfastne88 to our mSsslon. our values and our core purpose In supporting our LATCH famllles In traumatlc clrGumstanc8s, and leading the way as the bespoke Chlldren's Cancer Charlty In Wales. Throughout 2024, we have been reminded of what is Important to the charlty, and for the future. There is no doubt that LATCH Ss a unlque Welsh Chlldren's Cancer Charlty provldlng practScal, emotional and fin8nclal support to chlldren, young people and thelr famllles, who have rtteived a cancer or leukaemla dlagnosis and are under the ￿re of the Paedlatrlc Oncology Unlt al the Chlldren's Hospltal for Wales, Cardlff. To achleve our mlsslon, the charity contlnues to pro￿de - a team of dedlcatad and commltted soclal workers who support at any one tlme approxlmately 120 famllle8 - grants to support famllles wlth expected and unexpected cost8 when carlng for a chlld wlth cancer free famlly ac¢ommodatlon, on the same premises as the Paedlatrlc Oncology Inpatjent Ward. to ensure chlldren have thelr famllles near lo them whllst recelvlng tr88trnent. Thls Is a unlque feature of LATCH, and Is managed by the LATCH admlnlstration team efflclently on a dally basls - a range of actlvltle8 and resplte hollday8 at our caravan8 for our patlents and famlll88. The board of trustee8 53 very avRre of Its role as the Custodlan of LATCH and of Its duty to en8ure the 8U8talna￿Ilty of the charlty for the ne￿ 40 years. On behalf of the LATCH communlty, the truste88 re•affimi LATCH'S commltment to the future of the ¢h8rfty - by remainlng steadfast to our ml88lon and our ￿re valu88 - by cantlnulng to dellver our servlce provlsion to pallents and theSr famllles and - by contributing and collaborating wlth key stakeholders In the nailonal debate, to Inforni paediatricloncologylresearch and to support a greater voice for children and young people wllh cancer. It Is clear from the statement from our Chief Executlve Officer In thls report, that the charlty has delfvered successfully on Its priorities for 2024, achleved In a broad range of aGlivltle8. Highlights include policy developments - new organlsatlon strategy - the successful executlon of key Infrastructure projects - Expansion of the 80clal work team from 3 to 4 soclal workers, to meet Ihe increasing monthly patient referrals Refijrblshment of elght of the famlly accommodation b8droom8 by the LATCH team In 8ddltlonal to thelr dally rol88, flnanced by a successful fundralsing appeal Provlslon of holldays. actlvltles for children, siblings and famllles Delivery of a series of events. led by the LATCH team, includlng a regular progrdmme of hospltal-based a¢tlvltles, several community-based family activities and the annual walk and lunch for bereaved families LATCH'S Financlal Grants Programme for families and healthcare professSonals witnessed the dlstrlbutlon of £303,100 to a88i81 in a range of needs, supporting 168 families and delivered 938 grants with average £323.13 por grant - Th818unch of our new partnershlp with the Jacob Crane Foundatson to supp¢)rt our financial grants programme for famllles

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 - Our financial grants extended to fundlng hospital facilities. projects and supporting the development of healthcare pmfessionals. The public profile of the charity grew in strength this year as evidenced in the examples below co-leadershlp of a recently established sub<ommittee specifically dedlcated to Chlldren and Young People's Policy as part of the Wale8 Cancer Alllance. - Participatlon In the Senedd Cross-Paty Group on Cancer In autumn 2024 and the Wales Cancer Alllance's bl-annual meetlngs wlth the Cablnet Secretary for Health and Soclal Care and Welsh Govemment officlals - Contribution tt) the revSew of the NHS Wales Children with Cancer Service Specification - Att6ndance 8t events Includlng th8 National Eistèddfod In Pontypridd Inslts lo LATCH from hlgh*rofile ￿SItorS Includlng th? Chlldren'8 Comml&8ioner for Wales and Member ol the Senedd - LATCH was also represented on the Judging panel for thls yearfs hlgh-profile Moondance Cancer Inltlatlve Al￿rdS The govemance of LATCH 18 a strong faature of the charlty, where trustees take a speclal Interest In the charfty'8 strateglG development and fUnc￿on$ Key developments In 2024 Sncluded The launch of LATCH'S ambltious thre8-year Strategy (2025 - 2027), detalllng our new vI81on, mlssion, values and strateglc goals and prlorftbes, supported by an Snnovatlve Measurement and Evaluatlon Framework and Theory of Change - Rollout ol the ftnal phase of our strateglc revlew. related to refre8hlng our brand to ensure allgnment between our new Strategy and brand., whlch wlll be launched durfng 2025 Our first ever dlgltal Customer Relatlonshlp Management system, Beacon, to manag8 and record the charlty's 8UPPOrter and seNlces' data - Undertaklng a full strateglc grants, revlew, followlng an Interlm revlew earfler In the year. Durfng 2024, Ihe trustees contlnued to revlew and reflne the charttys governar￿e 8fKI comp118nce procedures, and pollcy revlew8 In the ex￿tIOn of thelr re8ponslbllltle8 and dutle8. I would Ilke to thank the trustees for thelr Sndlvldu85 contrlbullons to the charfty durfng 2024 and In particular to thank the Iwo of the three officers of the charity for their dillgence and dedlcated commltment and executlon of thelr roles, namely Mr John Mllner, ￿¢0 Chair of the Board, 8nd Mr Peter Patlerson, the Treasurer. After substantial and dedlcated 88rvlce lo LATCH, Mr Phlllp Reardon-smlth stood down as trustee durlng 2024. On behalf of our community the board pays tribute to the outstanding work of LATCH 's Emyr Owen Branch, whlch was founded and run by Sandra, her husband and her son, in memory of Emyr, their muGh-loved son. The Branch raised over £500,000 slnce its establishment through the strong and sustained Support of its members from Porthcawl and dlstrict with numerous fundralsing activlties and events, out￿me8 of whlch Included the purchase of iwo hollday caravans for the charity's patients and families. We sald farewell to the following team membérs: - Rachel Shorto. a valued member of the social work ieam and we thank hw for her contribution and give her our good wlshes for her future During 2024 y￿ welcomed the following new colleagues to the team: - Kelly Jordan, Fundraising and Communlcations Manager - Wendy Harrls, Soclal Worker - Helen Braidwood. Social Worker. Wlth regard lo the charftys fiscal status for the year ending 2024, the treasurw has provkled a very detailed and prudent assassment of the ch8rity's finances, noting that "LATCH achieved a satisfactory finandal perfomiance In 2024" .

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 HovKver, the treasurer has glven a cFear waming that 'the current dimate Es an unfavourable one for chariles seeking to raise funds. Households and Indivlduals face contlnuing cost-of-llvlng pressures. and sentlment Is clouded by continuing uncertainties about the global economlc and politic81 environmenL This polnts to an urgent need for LATCH to continue to rebulld Its fund-ralslng capabilities, and this ￿#11 be a strategic priority in 2025 and futurè years.. The next phas8 of transfomiatlon for the tharity Is the development of its fundralslng, marketlng and communicatlons strategy and capabSlltk88 and thls area w511 be a key prlorty durfng 2025 and 2026. All charities are faced wlth the sama fiscal challenges as LATCH; however, the fundlng of our 8ervlces relS8s solety on publlc donations, voluntsers and thelr fundralslng actlvltles. In doslng 2024. the trustees express thelr gratltude to - the efficlent and dedlcated members of LATCH admlnlstrallon team and our housekeeper, Lorralne Thomas - our carfng and totally committed team of social workers the excellent leadershlp of the senlor leadershlp team, comprlslng of our CEO, Menal C￿n-JOnes, our Hoad of Operations. Jasmlne Jones and our Finance Manager and Bookkeeper, Viktorla Gaspar - the cllnlcal staff, all members of medical and support staff under the leadershlp of Ms Slan Jone8, Ward Manager for Ralnbow Ward. for thelr unstintlng and selfless care and d8dlcation to thelr patlents Mrs Cerl Phlllps, Deputy General Manager. and Mrs Alison Ollver, Cllnlcal Servlce Lead, Chlldren's Hospltal for Wales for thelr staunch support of LATCH . On behalf of the trust••s and slaff, may I conclude Ihl• rnport for 2024, by expresslng our do•p grntltud• for tho slgnlflcant contrlbutlon of our branche8, our voluntary ambassadors In Waleg, our support•r8 and our donor8, who ansuro, by Ihelr dedlcatlon, actlons and deod8. that tho charlty l• abl• to Gontlnu? to fvnctlon and fulfil LATCH'8 ml88lon and purp¢>•e.

LATCH WELSH CHILDRENE CANCER CHARrrY (REGISTERED NUMBER. 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTMTIES CHARITABLE OBJECTS LATCH'S (Ihe Charity,) objects are to relleve chiklren suffering from cancer and leukaemia {including tumours) end the families of such children by s￿h charitable means as the trustees see fi( Sn particular but not axdusively by: - granting finar￿la1 aid to those children and the families of ItrM)se children who have been rnferred to the Regional Paediatric Oncolo9y UniL wherever that may be pAtuated from time to time: andlor - 8UPPOrting, malnlalnlrvJ and developing speciallst medical care afforded or referred to by the said Unit by means of financlal aid or otherwise for the benefft of tFK)se children referred to the s8ld Oncology UnlL Truste88 Confrm that they hav8 paKI due regard to the Chaty Commisth guidano on P￿>11¢ knefiL The trustees believe that they have furthered these obiacts through wactical and financial help as shown In the accompanylng audlted a(xounts. Our vl•lon Our vlslon Is that famllles affacted by chlldhood rAW get the TrN8lp wd care they need, and never face the Joumey alone. Our ml88lon We are rlght here for famllles 8ffected by ¢hSldhood car￿￿. whatevw Ihe ￿uff*Y hdd8, provldlng bespoke emotlonal support, Informatlon, practlcal and fin8n¢ial help. We understand and fund Improvements in fam11188' trwrtal exp8rlences and enable health care professlona18 to Improv8 care for chlldren and young peopk8. We glve hope to familkgs, throLKJh fundlng research, Ilstenlng and r68pondlng to thelr needs. arKI Ilftlng thè volces of chlldren and young people cancer aThl thelr loved one8. r value8 - We are r8spons5v• - We work with compasslon - We are practical - We value communlty - We a￿ hopeful Stat•ment from the Chlef Exocullv? OIfiG Building on our landmark 40th anniversary in 2023, the year In revltrw been a period of wnsHlerabl6 progress, positive development and continued impn)vement for LATCH. 2024 saw Several successes a<xoss the tharity, induding a p0s￿Ve finan(xal oulturn. Se￿iCe$ arKI policy developments, the produciion of a new organisation straiegy arKI tha ddivery of some major infrastructure projects. We delNered a total of 71% of our Key Performance Indicators {KPls) for tre year (66 out of 93) and part4elivered 3 (3%). totalling 74% of targets fully or partialty delivered against our Operational Plan 2024. The main ￿asOn for not delivering some KPIS was limlted team capaoty. as such some workslreams have been rolled forward into 2025.

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE hts from Famlly Support ServlGO8 Our servlces extended to a total of 507 1ndl￿dUa[s, Indudlng 182 Ghlldren, helplng across a wide range of needs. In addltlon, we 8UPPOrted nlne bereavements In the year, provldlng ewnt181 help to f8mllles durfng thelr tlme of loss. On average durfng the year we received 4 to S new referrals per month. In response to contSnued need and hlgh demand for our support $8rvlces, we expanded our soc181 work team to four social workers for the first tlme In ihe charltys h15tory, IncreasSng our servtce coverage from go hours per week lo 120 hours per week. Thls Is an important devalopment, ansuring LATCH continues to provlde a high quallty, bespoke $8rvi¢8 for all famllles. We provided nearty 1,800 nlghts, accommodatlon at our hospltal famlly accommodallon at the Chlldren's Hospltal for Wales, which is a vltsl 8ervke for the charlty's benefidaries, as thls famlly's testlmonlal shows: "Our daughter was dl8gnosed wlth rAncer In January 2024 and her treatment meant that we had lo sperKI 5 consecutlve months In hospltal. The support that LATCH gave us as a famlly allevlated so much of thè additional pressures and Strains that we felt over and above findlng out our daughter had cancerl Belng glven a room for one of us to sleep In {whlle the other parent Was sleeplng wlth our daughter ovemlght as only one p8r8nt Is allowed) whlch was Just the floor 8bove our d8ughterf8 ward gave her and us the reassurance that If anythlng dld happen during the nlght, whlch Is sometlmes dld, then could both be wlth her In an Instant. We slmply could not have affordad accommodatlon In Cardlff for the whole of her treatrnent and belng glvan a LATCH room meant that It was one1889 thlng for us to wory abouf,. We successfully refurblshed all alght of th8 f8mlly accommodalon bedrooms durlng the year, followlng well-supported fvndraSslng appeal. Al rooms hav8 been fully refreshed, featurlng newty paSnted walls, updated lumlture. and soft furnlshings. Thls was an ambltlous project for the small LATCH team to manage whllst 8190 ensurfng the accommodatlon ramalned open to famllles throughout the refurblshmenL An essential element of our wellbeing 8UPPOrt servlces Is provldlng holldays, actIvi￿e8 and treats for chlldren, slbllngs and famllles. Our holSday caravans locatsd on the South Wales coast saw a hlgh level of demand, %*lth 45 bookings made for holidays throughout the summer. offerfng families a muGh-needed retreat. At the end of the holKlay saa$on we completed a comprehenslve revlew of our hollday caravans to ensure our holKlay offerlng remalns a hlgh-quallty, supportlve r&8ource for famllles. The LATCH team successfvlly hosted a serf88 of events that wore enjoyed by over 500 attendee8 In total, creatSng memorable experfences for everyone Involved. We contlnued to host 8 regular programme of hospital-based activities to improve the experience for children whilst In hospltal e.g. story teller, pets for therapy vlslts., muslc therapSst. We Introduced a new Christmas card competltlon for chlldren thls year, which was w811 recelved. and the wSnnSng designs were prfnted as LATCH'S charfty Christmas cards for 2024. Agaln, thls year w8 also offered several communlty4)ased famlly acllvlties such as clnema trlps, Build-a-bear experfences, slbllng surflng event and a special LATCH Christmas paty held In December. Our annual walk and lunch for bereaved familles were also well attended and appredated by familles. The feedback from our events is very posltlve and they offer an Importanl opportunlty for famllies to come together, share and connect with others wilh slmllar experiences. FlnanGlal grants Another of our unique and essential services Is LATCH'S Flnancial Grants Programme for families and healthcare professlonals.

LATCH WELSH CHILDREN% CANCER CHARITY (REGISTERED NUMBER. 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 We distributed £303,100 to our families through grants helping with costs such as travel costs to hospital, costs of living, financial hardship. During the year we assisted 168 families and delivered 938 grants with average £323.13 per grant. In November 2024. we also laurthed our new partnershlp with the Jacth Crane Foundation who are now maklng a regular contrlbution to LATCH to support our financial grants programme for families. The Jacob Crane Foundatlon was established in memory of 17-year-old Jacob Crane. who passed away in May 2024. fonn Acute Myeloid Leukaemia (AML) has partnered with LATCH and we extend our thanks to The Jacob Crana Foundation for thelr support and partrErship VI0￿1ng wlth us. Our financial grants also extend to funding l#)spital facilities. projects and supporting the development of healthcare professionals. LATCH has made a signifKant impact in 2024, Supp￿ eight grant applications aimed at enhancin9 care and developing knowledge: - Six applications were dedrcated to professional develo￿nen( eMptr￿￿1ng staff to gr￿ their expertise and delI￿r even better outcomes for the children and families V￿ serve. - One grant was approved to furKI essential Photo biomodulation Therapy 4uipment lo mitsgale the side effects of cancer treatrnent on children. - One application supported an exciting new pill-SVRIIov•ing s(*u)I project with Ihe ain of teaching children to swallow tablets or capsules rather than taking liquid medicines. Pollcy and awareness ralslng In temis of our policy and awareness raisirvJ pleased to report good progress in the year. includlng co4eading the establishment of a new. dedicated Children and Young People's Policy Subgroup. as part of the Wales Cancer AlliarKe. The purpose of the Wales Carter Atliance is to pr￿nOte the bèst can(x pr8venlion methods and the best cancer treatrnent, r&search and care kn people in Wales. We are collaborating wlh a number of otkw chartlies in the polio aréna in order to rdlS8 greater awareness amongst policy and decision-makers of the unlque needs of children and young people with cancer and how they are different to adults and older adults with cancer. We continued to highlight issués such as the financial hardship facing families and the costs of travelling for treatment, supporting the call for a statutory travel fund for families of children ￿7th cancer. We participated in the Senedd Cross-Paty Group on Cancer Meeting in Othber 2024 and the Wales Cancer Atliance's bi-annual meetings with the Cabinet Secretsry for Health and Soaal Care and Welsh Govemment offtials. A review of the NHS Wales Children with Can￿r Service Specffication was undertaken in the summer and we contributed to the consultation highlighting the importance of psychosocial support for thildren and families undwgoing cancer treatment and the positive impact on the care of families of partnership vthing between the NHS aThl charities. IiTre LATCH. To further raise the sxofile of LATCH, we attended wlents such as the National Eisteddfod In Pontypridd and welcomed hlgh-profile visitors to LATCH including the Children's Cc#nmlssioner for Wales and Member of the Senedd. Heledd Fychan MS. LATCH was also represented on the judging panel for this yearfs high-profile Moondance Cancer Irthiative Awards. Strategy and brand Followryng a comprehenslve slx-month consultalion with stskeholders, indu<fing famllies. health care professlonals, volunt88rs and team members. to coincide with Childhood Cancer Awareness Month 2024 we launched our new ambIti￿JS three-year Strategy {2025 - 2027), detailing our new vision. mission. values and strategic goals and priorities. Accompanying our new Strategy. the Board also approved a Measurement Evaluation Frafftev￿rk and Theory of Change.

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 During th8 autumn of 2024 we commenGed the final phase of our strategic review, related to refreshing our brand to ensure allgnment between our new Strategy and brand. We will b8 launching our brand refresh during 2025. Infra8tructurn, oporatlons and governanc• We intrOdU￿d our first ever digltal Customer Relationshlp Management system, Beacon, to manage and record the charftys supporter and servlces, data. Thls 80fiware Is key to our Infrastructure and ¢rltScal to the charltys future developmenL The transition to the new database w89 successfvl, achleving plann8d Smprovements in our grants management and 8ervlces' record-keeplng. Ongolng support from the charfty's leadershlp team and contlnuous data malntenanca and quallty checks are key to the system's contlnued success Into the future. Followlng approval of the charlty's new Stratégy, the Senlor Management Tearn ravieV￿d LATCH'S strncture and capablllti88, to ensure allgnment and to support the realisatlon of our new Strategy. The revlew Identified that we should Can￿nUe to dévélop and Invest In r8sourclng areas such as voluntgerlng managamenl, digltal skllls and ways of worfdng, leadershlp and fundralslng ¢apadty, vthlch ￿111 be consldered and planned Into 2025. We continued Implementlng the charltys multl-year programme of govemance developments, Includlng a re￿aW of the charltys Memorandum and Articles of Assodallon and undertaklng a Strateglc grants, revlew, followlng an Interlm revlew earller Sn the year. Th8 full strateglc revlew of grants Included consultatlon wlth stakeholders, deskknsed research, a findlngs report wlth a serfes of recommendatlons. The purpose of thé revl8w was to ensure that the charlty has a robust, falr, transparent. sustslnable grants programm8 Into the future. The Board approved the new Grants Poll￿ and Framework In the autumn and It wlll be rolled out Sn 2025. New pollcleg and procedures Introduced In 2024 Included a Delegatlon of Authorfty and Flnand81 Proc8dure8. We 8180 sed our Safeguardlng Pollcy and completed work In rela￿On to Dat8 Prolecllon Polloy. As part of our training and prof8sslonal development programme, the team and trustees have parttclpated In a number of tralnSng sesslons and opportunltles durfng the year. For example, all leam members partidpated Sn digital ski118 tralnlng and equallty and diver85ty and Incluslon tralnlng. Launchlng a new webslte wnl be the final large Infrastructure project to be d81ivared In 2025. A webslte brfef w88 produced at the end of 2024 and the Implementation of the project wlll allgn with the development of our brand refresh. Flnan¢lal perfomianc• The charlty's total income in 2024 reached over £1.1 million, the fir8t time In recent year8 that we have achleved thi8 milestone. In addition, we achieved a modest surplus of £221,042 (before captsl gains or 109989 on fixed asset investments) , whlch was conslderabty better than the deficit that we were expectlng at the start of ihe year. The positive financlal outtum was du8 to a number of factors as this report detsils, including generous leg8Ci8s, succ8ssful grants appllcatlons and effective costs management, Includlng the implementallon of an interim grants revlew. Fundralslngi marf(otlng and communlcatlon8 We saw some positive development and aclivities in our fundralslng and communicatlons during the year. Thls area 11 become a key focus for us In future years, as we complete our major Infrastructure, govemance and transfomation projects and more resource will be avallable to focus specifically on furKlralslng and communications. Our brand refresh is also an Important opportunity and invesknent in supporting our future income generation and profil6. One of the main highlights of 2024 was being chosen by Jonathan Fox DavSes. Welsh rugby player, as one of his harfties to support during his Testimonlal Year 24125 wlth the Scarlets. The Testsmonlal Year included three large hlgh-profile events In Llanelli. Cardiff and London and presented a valuable opportunity to raise funds and awareness of the charfty.

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 LATCH was named as a Cardiff Llfe 2024 Award finalist whith was a great achievemenl for the charity. LATCH and our families and supporters were Induded In a few medla and press opportunlties across the year Includlng on S4C, BBC Wales, BBC Radio Wales and local and regional outlets. Ten impactful famlly case studies have been developed, demonstrating the tangible difference ¢)ur charity makes. These storles ￿11 feature prominently on our website and social medla channels throughout 2025. engaging our 13,262 soclal medla foll0v￿rs. Over the last 12 months LATCH'S social medla reach has contlnu8d to Increase. For example, we had over 300,000 views on Facebook, our reach has been over 100.000 and our followlng has In￿eaSed by 81most 300 people. On Instagram we h8d over 60,000 vlews, a reach of 18,500 and an Increase of nearly 400 followers. We also saw succes885 In our tru818 and foundatlons fundraising, wfrth Income of £145,789 from th18 fundralsing stream. We had a mixed response to our challenge events during the year. wlth the Newport Marathon perfomiing wall thanks to one out8tandSng fundral8er. we received a £2,000 donation from Carten100, and Cardiff Half Marathon ralsed £8,000 from twenty partlclpants, In 2024, over £28,000 was ralsed through golf events. demonstratlng a clear area for further growth and development. We dld not meet budget for challenge events and our goal for 2025 Is to sSgnlficantly Increase the number of partlclpants. LATCH Is very fortunate of th8 gen8rou8 8UPPOrt of famllles and communltles In Wales and 2024 agaln saw a serles of in ald of actlvltles and evants throughout the region8, LATCH branch Income for the year wa8 £23,401 and V￿ extend our slncere thanks to our Branches Sncludlng the West Wales Branch and Emyr Owen Branch. We wlll be revlewlng our Branch model Into the future and developlng a new volunteerfng and ambassador plan to gulde work In thls area. We were pleased wlth the rOll￿t of our fomial ambassador pmgramme and by year4nd had 12 officlal LATCH ambassadors. hlttlng our target for the year. Thls Is an aw of future focus for the charfty as we alm to grow tho ￿ze and engagement of our amb8s$ador team. Corporate income held up well and generated £e6,098 In 2024, which 18 a very good perfomanc•, We recelved nearly SO donatlons from corporates 8cros$ the year and were 8ppreclative of pro bono and In-klnd donallons, such as contrlbutlons of fumlshlngs towards our 8ccommodalion refresh. Regular gI￿ng saw a notable Increas8 8nd Glft Ajd income perfomied well compared to previous years, this is due to Improvements Sn the recordlng and processing of G5ft Aid declarations Wlth our new database. Legacy giving also held 8trong for LATCH In 2024 contributing £487,982 to our overall Income and wé a180 have a solld plpellne of legacles bequ8ath8d lo LATCH that wlll be reallsed in the comlng period. This Ss an excStlng tlme of progress, growth and development for LATCH. The first year of our new Stralagy, 2025, wlll see the launch of our new refreshed brand, new website. the introducllon of a new Fundraising, Marketlng and Communlcatlons Strategy and the completk)n of further key projects, such 88 our strategic Grants Revlew.

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTeRED NUMBER: 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financlal revlow LATCH achleved a satlsfactory finandal perfomiance in 2024, realising a net surplus (before capltal galns or losses on fixed asset investments) of £221,042. This follows a deficit of £375,985 in 2023. This positive tumaround was the re8uIt of more than doubling in income received to more than £1 million in 2024, accompanied by just a modest 2% rise in spendlng. However. the favourable hlgh lavel plcture masks underfylng trends ￿1¢h w511 need to be addressed urgendy If they are not to ralse concems about future financial perfomiance. Total income from all sources Increased from £560,888 In 2023 to £1,176,886 In 2024. Income from bereavements and logacles amounted to more than £503.000 in 2024. a welcome boost to LATCH'S finances, compared with just over £6,500 in 2023. Income from other donation8 wa8 just under £400,000 in 2024, representlng a 7% fall from the 2023 level. The continuing good work of LATCH eamed encouraglng r8cognltlon from gr8nt-glvlng trusts and foundatlon8, and 8u¢ce8sful grant applications generated income of £145,789 in 2024. LATCH Is grateful for the generous legacles that were donated In 2024, 8 posltlve ffjflectlon of the perceSved value of the support glven to chlldren wlth cancer and thelr families. But the unpredlctable and unaven nature of legacles mean that It Is Imprudent to rely on income from such sources to cover LATCH'S hlgh level of core operatlonal expendlture. LATCH'S Income in 2024 from other donatlons and fjjnd-ralslng events was well below the level generated In the pr￿andeMIC parlod. LATCH'S trustees thank everyone who ha8 SUPPOrted the charfvs work In 2024, and especSally the volunteers, ambassadors, branches and patlents and famllles who have worked tlrelossly to ralse funds on LATCH'S bahalf. LATCH Is dependent on the g8n8roslty of the publlc throughout Wales for the ¢hariVs Income. No funds are received from Welsh Govemment, health boards or other statutory sources. The current ¢llmate is an unfavourable one for charftles seeklng to raise funds. Household8 and Individuals face contlnulng cosl-of-llving pressures, and sentlment Is clouded by continulng uncart8lntles about Ihe global economlc and polltScal envSronment. Thls polnts to an urgent need for LATCH to contlnue to rebulld Its fund-ralsing Gapabilities. and this wlll be a strateglc prforfty In 2025 and future years. The LATCH team made good progre88 durlng 2024 In establishlng th8 foundations for buildin9 a successful fundralslng perfom)ance, Includlng dellvery of the new LATCH strategy, the intrrxluctlon of a digltsl CRM system, and ongoing Investment In staff resources, leadership and development, and with the results of the brand refresh and a new webstte to be Implemented in 2025. Expenditure has remalned under reasonable control. LATCH spent a total of £955,824 on Its actMtl88 In 2024, an Increase of 20A from the 2023 figure of £936,871. The charity has continued with its programme of Investment In reformlng LATCH'S Infrastructure and govemance. whlch trustees reg8rd as essgntsal for ensurfng that LATCH can sustain Its past perforniance In dellverlng hlghly valued chariiable benefits. There was a substantlal rlse in spending on Spendlng on furKled posts Sn 2024, followlng the declslon taken In 2023 to Invest In an addltlonal sodal worker. Soclal V4K)rkars are a vltal element of the charlty's offering to patients and famllles, and trustees recognised that the hlgh caseload of patient referrals to LATCH warranted additional resources to meet the demand. There was also a further increase in administrative support costs as a result of the new Staffing stnjcture agreed by trustees in 2023. Spending on grant payments to children and families amounted to just over £300.000 in 2024, down little from the hlgh 2023 figure desplte the continuing high level of patient referrals. This was due to the Implementatlon of an Interfm grants revlew durfng 2024.

LATCH WELSH CHILDREN'S CANCER CHARrrY (REGISTERED NUMBEIL. 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The surplus of just over £221,000 achieved in 2024 Is most welcome, and somewhat better than budgeted as a ￿SuIt of the receipt of generous legacy bequests and several successful grant applications. But without income from these sources a retum to deficlt In 2025 Is posslble. Spending Is expected to remain hlgh In 2025 whlch will be a further year of investment. although trustees remain committed to reducing the deficit substantially, and retuming to broad financial balance as soon as possible thereafter. While deficits are readlly financeable in the short tern) from LATCH'S reserves, St Is not sustalnable to run annual budget deficlts to year after year Into the fijture. The Trustees extend their thanks to the followryng fijnders for their generous support durfng 2024: Thank you to the following Trust and Foundatlon8 for their significant contr11￿tIonS YMCA- 1910 Trust Moondance Foundatlon Hodgo Foundation St James's Place Charitable Foundation Loteri Cymru - Slerling Foundation Crane Charitable Foundation The Natk)nal Lottery (2025) Chepstow and Caldlcot Lions Morgan's Amiy Amelie's Rainbow Carten 100 Jane Hathaway Leukaémla Fund Jacob Crane Foundation Corporate donors Greenhill Estates Ffos Las Race Envases UK Ltd HSBC Acquls Insuran Dunelm C%￿ntsran EE Merthyr Capltal Law Montsgne Jeun&%se - 7th Heaven Football Associailon of Wales Admlral Group - EUI Limited Ability Recruitment Group Ltd Thank you to our volunteers for your time, energy, dedication and unwavering commitmenL Thank you to our ambassadorn for championing our cause, raising awareness, and helping us reach new communltles and supporters. Thank you to our regular donors for your consistent support.

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 047357731 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Investment pollcy and obJoGtlves Cazenove Capital was appolnted as th8 investment manager for thè LATCH investment portfolio with effect from 2021. It is invested In Cazenove's Charfty Sustainable Multi-Asset Fund, which adheres to the LATCH Trustees, agreed policy that there should be no dlrect investment in companles where a significant share of profits emanates from tobacco or arnis sales. Cazenove18 asked to malntaln a level of irmme appropriate and commensurate wlth the agreed portfollo Investment proflle and rlsk structure. looklng to dallver total retums over the short to medium témi 8t laast In Ilne wlth Inflation. The Cazenove Fund has a target of provlding income and capltsl grovAh In line wlth the annual rate of Inflatlon (CPI) plus 4% per annum, net of fees, over rolling ten-year periods. The asset allocatlon pollcy adopied by Cazenove offers LATCH the flexlblllty to respond to market condllions. The portfollo stnjcture. perfomlance and asset allocation are regularly revlewed at Trustees. meetlngs, and Trustees ara Satisfied that the Investrnant profile and rfsk strucbjre remaln apwopriate. Investment income for the year 2024 amounted to £126,663. After deducting investment managamant fees of £9,074, the net income roceived from the portfollo wa8 £117,589, a small fall on net Income of £118,418 In 2023. At the end of 2024. the lotal value of the LATCH Investment portfollo was worth £3,085,584 (end-2023: £2,972,394>. No movements of furKI8 ￿re made Into or out of the portlolb durlng 2024. A 8um of £300,000 ha8 been deslgnated within the re8erves to 8UPPOrt future (unspeclfied) medlum term capltal project developments. Tha Trustees are grateful to the portfollo Investrnent managers for thelr condnued experfse and actlve management of tha portfollo. R￿lry93 poIIcy Tha Trustees, agreed re8eThffj8 pollcy18 th8t unre8trfcted reserves should be malntslned at 8 lev818uffid8nt to covar dlrect charltable expendlture over the medlum temi (defined as three to five year8). The re8erv88 polScy Is revlewed by Tnjstees regularly, mo8t recently In November 2022. The level of reserve8 (held In the investment portfollo) amounted lo £3,085,584 on 31st December 2024, equlvalent to more Ihan three tlmes the level of tharltable expendSture In 2024. The Trustees have taken account of several factor8 in the Settlng of reseNes pollcy, Indudlng: - The reserves provlde financlal stabllity as well as the means to meet core objectivés dasplte rlsks to the values of the Invesknent portfolio arising from eGonomic uncertalnty and the impact of shocks such as the pandemic. - The charlty's Income is volallle In nature, whlle It faces a conslstently hlgh expendlture commltment. - Dlrect charltable expendllure covers both long-temi commitments and annual Services to patients such as comfort grant payments. Expendilure on speclfic capStal projects Is met from a deslgnated. separate reserve. The current economlc and sodal cllmate remalns extremely dlfficult for both héalth providers and for famllles of children with cancer. It Is for this reason the Trustees wlll continue to use the charfty's reserves in order to maintain balance between protéctlng exlsllng expenditure commitments, belng able to take advantage of new opportunltles as they arlse. and supporting capitsl Investment that will achieve lasllng beneflts In accordance wlth the Charfty's aim3 and objectlves. The accumulation of income paid out from the investment portfolio, including in the fom of interest and dlvldènds, allows th58 to be done lthile ¢onfomSng wlth the agreed reserves pollcy.

LATCH WELSH CHILDRENE CANCER CHAiufY (REGISTERED NUMBER: 04735m) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS Prforiti09 for 2025 The charlty has Sn place a comprehensive Operational Plan for 2025 allgr￿d wlth our new threewear Strategy 202S - 2027 Goals and Enablers. Deliverables and outputs cover areas includlng: Setvices Grants Programme Strategy and impact Finance Govemance and compllance Dlgital development Public affairs. research and pollcy Fundralsing, communlcallons and amba&sado(s Strategic partnerships People and wellbeing The Board approved a new meaSUrem￿t and evaluation framewrrk to benchmark the perforniancè of our 2025 - 2027 Strategy. The Framework Include8 using a combinatlon of tools such as key perforniance ind5cators, delivery of annual operational plans, me8suring outcomes and utslising our new theory of thange. Organlsatlonal performance Is monltored on a monthly basls by the CEO and Head of Opgratlons and reported quarterly at each Board Meeting. Some of the key proiects to highlight from the 2025 Operational Plan indude: Sen4lce speclfication development, Implementallon of new grants programme, strateg1¢ revlew of holldays, prov18ion, developlng a new furKlraSslng strategy, bulldlng and launthlng a new webslte arKI brand refr88h. STRUCTURE. GOVERNANCE AND MANAGEMENT Govemlng documgnt Thé charity is controlled by its goveming documen[ The Memorandum and Artides, and ¢onstltutes a ch*itable company limited by guarantee, as defined by the Companies Act 21x16. Rocrultment and appolntmont of new trust¢ Trustees are appointed by general meeting in accordan￿ wlth Ihe provlslons of the Artlcles of Associafjon and are sublact to rellrement by rotatlon and re-appointment, if apwjved, by the Annual General meetlng. -12-

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 047357731 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STrUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal Structure The trustees are also directors of the Company. They ovarsee the running of the Charity and malntaln thelr responslblllties. For the purposes of the operatlonal running of the charlty trustees have appolnted a Chlef Executlve Officer {CEO) and replaced the Charitys General Manager role with a Head of Operations (HOS>. The Chalr, the Vlce Chalr and Treasurer are the three officers of Ihe charity. The Board of Trustee5 receives finandal reports from th8 Treasurer at the fve calendared board meetings. The Finance Manager leads and manages all day-t041ay financial matters of the tharlty and rep￿ts to the CEO arKI HOS. A Facilities and Admlnistratlon Manager leads and manages the facllltles and administration functions of the tharity and reports to the HOS. The CEO and HOS take declslons in accordance with the overall agreed IxKlget for the year and based on the w￿cleS and protocols agreed by thè trusteas. The CEO presents a written report lo th* trusteas at evary board meetlng and an operative Risks Register is in place. It Is the adopted practice of thé trustees to seek to add to their number from suitably quallfied prof&8sional people or from those who have aclively supported the Charfty. They ensure that adequate training Is glven to any Incomlng truste8 to enable them to distharge their responslbillty In a proper manner. Each Is glven access to a current copy of the Charfty COMMIS￿On'8 publlcallon CC3 and CC3a. Durfng the year the malnlenance of the Charltys aCej)￿llng racords and the financlal reporti￿ fraffl8wo￿ h88 remained unthanged. The Tr98surer continue8 to monilor dosety the finarKial activitles of the Charlty and reports dlreclly to Ihe Board of Trustees. At thelr meetlng to edopt the audlted accounts of the Chartty, the trustees also revlew the govemance and Structure of the Charlty to ensure that Its arIa￿eM￿￿ remain appropriate and effe¢tlva. Trustees also conslder the Charitys risk register ¢M a perlodlc basis. There are no subsld58ry charltles or other related acfvlU8& LATCH Is a sland-alone charfty. All dlreGtor8 arn trustee8 of LATCH. details of which appear below. -1>

LATCH WELSH CHILDRENE CANCER CHARrrY (REGISTERED NUMBEIL. 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE ANO IAANAGEMENT Rlsk management We have an operative Corporate Risks regtster whlch is revithved on a quarterly basis and top residual risks are discussed at each Board Meeting. Systems. Inlemal controls and procedures are in place lo both manage and mltlgate the charity's key rSsks. The key risks identified by the Board arKI thelr mltigations We: Development of new Fundralslng, Marketlng arKI Communications Strategy and review of Capabill￿e5 In Fundralslng and Income gewalion - dlminlshing re￿m5 2025. New brand soon to be launched induding 8 new from publlc donatlons. website. Key priority area for 2025-2026. Operatlons - relatlng to risk of slK>rt staffing due to Workforce pllqnning and consideralk)n of optlons around delays in recrultment and other changes. h(M to staffld81iver areas of work 6.g. outsourcing. Clear programme and project planning in place with CEO overseeing the programme. Regular reports to Chair around progress of projects and dynamic project management in place. Regular monitorlng of team Ibelng. IT systems supported by Health Board arKI so meet Ihelr security standards. Mandatory cybor sacurlty trainlng in place. Operatlons - volume of transfomiatlon and thange projects and 5mpact on wellbdng of small team. Cyber securfty - attad( or Incldent affecfjng out IT systems and data. Govemance - Parlnershlp the C8rdlff and Vale Health Board Is complex. Govemance - Board of Trustees lacks relevant skllls and experlence. kna under review Skills audit underway and recrultrnent plannlng for 2025 orw4ards. Fundral8lng LATCH engages In publtc fijndraising It doe8 u8e wofessional fundraisers or ￿MmercIal paitipators. The char5ty follovts the Fundralslng Code of Practice and has introducad a new Fundralslng Pollcy In March 2025. During the year we dld r￿t recelve any complaints relation tr) our fundralsing practlces. -14-

LATCH WELSH CHILDRENE CANCER CHARrrY (REGISTERED NUMBEIi. 04735773) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTrATIVE DEfAILS Reglstered c￿panY number 04735773 (England and Wales) Reglstw•d Charlty numb 1100949 Reglsterod office Children's Hospital for Wales Heath P¥k Cardiff CF14 4XW Trustees Mrs Sian Howell Mr Lyn David Howell (rfrelected by rotation 24.7.24) Mr Philip Reardon Smith (resigned 24.7.24) Mr John Milner (re-elected by rotstion 24.724) Mr James Rudolf Mrs Susan G￿Yer-R0b8rtS DL (Chair) Mr Peier Patterson Mrs Harriet Angharad Mcrgan Mr Richard Bevan Chlef Executlve Offlcar Mrs Menai Owen-Jones Sollcltor Redkite Sollcitors Cardiff Floor 8 Churchill House 17 Churchill Way Cardiff CF10 2HH Bankers Lloyds Bank Flc 25 Gresham Street London EX2V 7HN Audltors Xeinadin Audit Limited (Statulory Auditor) Court House Court Road Bridgend CF311BE

LATCH WELSH CHILDREN'S CANCER CHARITY {REGISTERED NUMBER: 04735773} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of LATCH Welsh Children's CanGer Charity for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affair5 of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistenuy; observ8 the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charitable company will Gontinue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable a¢Guracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit infomiation of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of thal infomiation. This report has been prepared having given due regard to guidance published by the Charity Commission on public benefit. AUDITORS The auditors, Xeinadin Audit Limited. will be proposed for re-appointment at the forthcoming Trustees Meeting. This report has been prepared in accordance v4ith the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 23 June 2025 and signed on its behalf by: L,A44.0 Mrs Susan G￿Yer-RObertS DL- Chair -16-

REPORT OF THE INDEPENDEKf AUDITORS TO THE hlEMBERS OF LATCH WELSH CHILDREN'S CANCER CHARITY Oplnlon We have audited the financial statements of LATCH Welsh Chl1 dren's Cancer Charity (the 'charitable company.) for the year ended 31 December 2024 which comprise the Ststemenl of Fmancial Activities. the Balanc8 Sheet, the Cash Row Statement and notes to the financial statements. induding a summary of signlficant accounling policies. The financial reporting framevnth that has been applied in their preparation is appllcable law and Unlted Kingdom Accourfng Standards (Unlted lfjngdom Genwally knepted knunting Practice). In our opinion the financial statements: glve a true and fair view of the state of the charitable companrfs affairs as at 31 Decwnber 2024 and of its incoming resources and ap￿icatIon of resources. induding its irKome and expen(fiture, for the year then ended; have been properfy prepared in accordance wlth United Kingdom Generally Accepted Accounting Practlce: and have been wepared in accordance ￿th the requirements of the Companies Act 2006. Basls for oplnlon W8 conducted our audit in accordance Intematk)nal Standards on Auditing (UK) (ISAS (UK)) and a￿l¢ab￿ law. Our responsibilities under those standards ar8 fUrt￿r described in the Auditors. responsibilities for the audit of the financial statements section of our reporL We are independent of the charitable company in accordance with the ethical requirements that ar6 relevant lo our audit of the financial slalements in the UK. induding the FR￿S Ethical Standard, and the provi&ons available tr small enlilies. in the (arojmstances set out in note 20 to the financial statements. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to wovide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have conduded that ihe Irustees. use of the golng corwn basis of accourfing in the preparation of the financial ststements is appropriate. Baséd on the work we have performed, we have rK>t Identified any material un￿rtaIntieS relallng to events or conditions thaL indmdually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concem for a period of at least twelve months from Wh￿ ts financial statements are authorised for issue. Our responslbililles and the reSpOr￿1b1lltres of the trustees with respect to going concem are described in the relevant sections of this report. Other Informatlon The trustaes are responsible for the other infonnation. The other information compfises the information induded in the Annual ReporL other than finanaal statements and our Report of the Independent ALKlitors thereon. Our opinion on the financial statements does not cover the ots infomiation and. except lo the extent othenNise explic1￿Y staled in our report. we do not express any fomi of assurance conclusion thereon. In conneclion with our audit of the financial statements. ow respon&bifty is to read the other inforniation and, in doing so. Gonsider whether ts other infomiation is materially inconsistent wilh the finan(aal ststements or our knowledge obtained in the audit or othernise appears to be materially rnisstated. If we identify such materfal inconsistencies or apparent material misstatements. ￿ are required to detemiine %*thether Ihis gives rise to a material misstatement in Ihe financial ststements themselves. If. based on the 7M)Tk we have perfOrn￿d. we condude that there is a material misstatement of this other inf￿ation. we are required to report that facL We have nothing to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in th8 course of the audiL" the infornialion given In the Report of the Trustees for the financlal year for whlch the finarKial ststements are prepared is consistent the financial statements; and the Report of the Tnjstees has been prepared in aC￿rdan￿ with applicable legal requirements. -17-

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LATCH WELSH CHILDREN￿ CANCER CHARITY Matters on which we are requlred to report by exception In the Ilght of the knowledge and undefstsnding of the c4wilable ￿MpanY and its environment obtained in the course of the audit. we have not identifBd Mat￿la1 misstatements in the Report of ttbe TNstees. We have nolhlng to report in respe￿ of the fdlowing matters where the Companies Act 2006 requlres us to report to you if, in our opinion: adequate accounting rec(Kds have not been kept or adequate for our audit have not been received from branches not Visited by us" or the financial statements are not in agreement ￿1th the accounting records and réturns; or certain disclosures of trustees, remuneration specified by law are not made" or we have not received all the information and explanations require for our audi(. or the trustees were not entitled to tske advanlage of the small companies exemptian from the requirement ts prepare a Strdtegic Report ¢x in preparing the Report of the Tnjsiees. Responslbllftles of trustee8 As ex￿ained more fulty in the Statement of Tn￿te8s, ReSp￿SIbIlIties. the trustees (who are also Ihe directors of the charitable company for the Fxjrposes of company law) are responsble for the preparation of the financial ststements and for being satisfied that they give a true arml fair viv￿, and for such Intemal control as the trustees detemiine is necessary to enable the preparatlon of financial statements that are free from material misstatemen( whether due to fraud or ern)r. In preparing Ihe financial stalements. the trustees are responslble for assessing the charitable company's abllity to continue as a going concem. disclosing. as applicable, matters related to going concem and using the going concwn basis of accounting unless the trustees eithw Intend to liquidat8 th8 charitable company or to cease operations, or have no realistic alternative but to do so. -18-

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF LATCH WELSH CHILDREN'S CANCER CHARrrY Our rosponslbllftles for th• audit of the financlal statom•nt8 Our objectlves are to obtain reasonable assurance about whether the financial slatements as a whole are free from materlal misstatement, whether due to fraud or error. and tr) issue a Report of the Independent Auditots that Indudes our opinlon. Reasonable assurance is a high level of assurance, but is rK)l a guarantee that an audit conducted In accordance wlth ISAS (UK) will always detect a material misstatemenl when it extsts. Misststements can arlse from fraud or error and are consldered material rf, indmdualty or In the agg￿at8, they could reasonatAy be expected to Influence the economSc declsions of users taken on the basls of thasa financial stataments. The extent to whlth our procedures are capth of detecting Irregulwities, IndudirvJ fraud Is detsiled belovr. The audlt wa5 ￿anned on Ihe basls that the testlThJ undertaken and procedures carrfed oul w¢)uld have a reasonable expectatlon of dgteGting any instances of Irregularfjty Includlng fraud. The plan involved assesslng the rlsk of the finandal statements contalnlng materfal misstatements tsking into account various factors such as the control systems In place, the standard of reC￿d keeplng and an assessment of influence and rde of the stskeholders involved. The audlt plan was followed and benefitted from the audlt teams knowledge of the dlenL They consldered how fraud may occur and whero th• finand81 stalements may be susceptiNo to eir¢x. Sultable transathn sample t8Sllng was made on the hlgh rfsk areas of the financlal stataments. Enqulrfes were made of the Company dlrectors for informatlon and explanati{￿ as required during the course of Ihe audli and any contenknis areas approprlately challer&ed to that suffK*nt audit evldence was ObtaIr￿1. The procedures and tesling undertaken as a rnsult of our rlsk assessments wpre deemed sufflclent to Id￿tify materfal errors for whlch adjuslmenl was then made In the financial statements. There Is however no guarantee that all errors, Including those related to fraud. would be Identsfied as part of the audlL A further descrlptSon of our reSp{x￿1bllbIEeS for the autht of the finandal Statements is located on the FlnancSal Reportlng Councll'8 website at www.fr¢.org.ukJaudltor8responslbllltle8. Thls descrtpllon fornis part of tyjr Report of the Audltors. A further descrfptlon of our respwlbllltles for the audl of th8 finandal statements Is located on the FInar￿la1 Reportlng Councll's webslte at ￿￿.frc.or9.ukJaud1tor8re8ponSlbl1lts0S. This descrfpkn fomis part of our Report of the Independent Audltors. U8e of our report This report Is made solely to the charitable CoMpan￿S members. as a body, In accordance wlth Chapter 3 of Part 18 of the Companies Act 2006. Our audit Y￿rk has been undertaken so that might state to the charltable companYs members those matters we arn required to stste lo them in an auditors, report and for rK• other purpose. To the fullest extent pennltted by law, we do not accept or assume responsibS1ity to anyone other than the charltable company and thech blo Company's member3 as a body. for our audit w)rk, for thb report, or for ts opinions we have fomied. Jon Payne ACA (Senlor Staiutory ￿dItOr) for and on behall of Xelnadln ￿dit Umlted (Statutory Auditor) Court House Court Road Bridgend CF31 18E 23 June 2025 -1

LATCH WELSH CHILDREN'S CANCER CHARITY STATEMENT OF FINANCIAL ACTIVMES UNCORPORATING AN INCOME AND EXPENDrruRE Accoupm FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Totsl funds Unrestrided Restricted funds funds Notes INCOME AND ENDOWMEpifs FROM Donations and legacies 901.283 134.789 1.036,072 428,704 Investment income Other income 127.211 127,211 128,485 Total 134.789 EXPENDITURE ON Raising funds 71.130 71.130 79,537 Charltable activitles Servlces to patients 85,597 857.334 Total 870.227 955.824 Nel galns on Investments 120.373 120.373 NEf INCOMEI(EXPENDrruRE) 49.192 341,415 (297,730) RECONCIUATION OF FUNDS Total funds bmught foNArd 3.200.803 60.000 3.260.603 3,558,333 TOTAL FUNDS CARRIED FORWARD 3.492.826 109.192 3,602 018 3.260.603 The notes fomi part of these financial ststements

LATCH WELSH CHILDREN'S CANCER CHARITY (REGISTERED NUMBER: 047357731 BALANCE SHEET 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Investments 13 3.085.584 2,972,394 CURRENT ASSETS Debtors Cash at bank 14 334,467 326,782 78.224 338,209 661,249 416.433 CREDITORS Amounts falling due within one year 15 (144,815) (128,224) NET CURRENT ASSETS 516,434 288,209 TOTAL ASSETS LESS CURRENT LIABILITIES 3,602,018 3,260,603 NET ASSETS 3,602,018 3,260,603 FUNDS Unrestricted funds Restricted funds 18 3,492,826 109,192 3,200,603 60,000 TOTAL FUNDS 3,602,018 3,260,603 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 23 June 2025 and were signed on ils behalf by: Mrs Susan Gwyer-Roberts DL - Chair The notes form part of these financial statements -21-

LATCH WELSH CHILDRENE CANCER CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operatlng actlvhles Cash generated from operatlons 438.514) Net cash used in operating acbMb88 438 514) Cash flows from Investlng actlvltles Sale of fixed asset investrnents Interest recelved Dlvidends received 7,183 3,997 1.073 125412 Net cash wovlded by Investlng activit Change In cash and cuh •qulvalents In the reportlng pgrlod Cash and cash equlvalonts at th• beglnnlng of the reportlng ￿rIOd (11,427) (308,032) 338.209 Cagh and cagh equlval•nts at the end of tho reportlng perlod The notes form part of these financial slatements

LATCH WELSH CHILDRENE CANCER CHARITY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCIUATION OF NET INCOMEI(EXPENDITUREI TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Nat In¢onwl{axpendlturo) for th• roportlng perlod (a8 per tho Statemont of FlnanGlal Ac16vltles) Adjustments for: Depreciation charges Gain on investrnents Interest received Dmdends received (Increaseydecrease In debtor3 1ncre88el(de￿ease} Sn creditors 341.415 (297.730) {120.373) (548) {128,663) {256.243) 16.591 (78,255) (1.073) {125.412) 79.002 15053) N•t ca8h us•d In operatlon8 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Not cash Cash at bank 11427) 326 782 11427) 320 782 Total 326 782 les fom) part of these financial ststements -2>

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPABER 2024 ACCOUNTING POUCIES Basls of prnparbng the flnanGlal statement¥ The financlal statements of the charitable company. which is a public benefit entsty under FRS 102, have been prepared In accordance with the Charities SORP (FRS 102) 'Accounting arKI Reporting by Charities: Statemenl of Recommended Practlce applicable to charilies preparing tsir accounts in accordance with the Financlal Reporting StaThJard appllcable in the UK and Republic of Ireland (FRS 102) (effedva 1 January 2019),, Flnanc5al Reporting Standard 102 Tr Finandal Reporting Standard applicabl8 in the UK and Republlc of Ireland, and the Companles Act 2006. The financial ststements have been wepared under the historical cost convenilon. wlth the exceptlon of Inveslments vthlch are included at market value. Income All Income Is recognlsed In the Statafflent of Financlal Athilies once the ch8rity has •ntitlament to the funds. It Is probable that the Income wlll be recelved and tho am(wnt can be measured rgliabty. Grant• The charitable company recognlges grants on the p&formance model basls. Grants that do not Impose spedfied future perfornMnce4elated ￿nd1kn are racognlsed a8 Income th8 grant proceeds are received or recelvable. Grants that Impose specffled future Perf￿mance•re1ated condlkn are recognlsed In Income only when the perfomianctrrelated conditions are meL Grants rece￿8d bef¢ye th8 revenue reco9nlllon critarfa are 8atl8fied are recognl8ed as a Ilablllty. expendltur• Llablllties are recognlsed as expenditure as soon as there Is a leg81 or constructlve obligation commlttlng the charlty lo that expenditure, It Is probable that a transfer of economlc benefts wli I be Rquired In settlement and the amount of the obligation can ba measured reliably. Expenditure is accounted for on an accruals basls and has been classffied under headings that aggregate all cost related to tho category. Where costs cannot be directly attributed to particular headlngs they have been allocaled lo acfvitles on a basS8 conslstent with the use of resources. Tanglble fixed a88et8 Depreclallon Is provlded at the follo￿ng annual rates In order to wrlie off each asset over tts estlmated useful life. Flxtures and fittlngs Tangible Flxed Assets are inlfjally recorded at cost. Taxatlon Thé charity Is exempt from corF*xatlon tax on Its ch8rltable activiti￿. Fund accountlng Unrestricted funds can be used in accordanc8 V￿th the charllable objeckns at the dlscretlon of the trustees. Restricted funds can only be used for particular restrlcted pU￿oSeS within the objects of the tharfty. Restridions arise when spe￿r￿d by Ihe donor or when furKts are raised for partlcular restrkted purposes. Further explanaUon of the nature and purpose of each fund is induded in ts notes to the financlal stalements. -24- conlinued...

LATCH WELSH CHILDREN'S CANCER CHARrrY NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES - contlnued Flxed a88et investments Fixed asset investrnents in quoted shares. traded bonds and similar irNestrnents are valued at Inftlalty at cost and subsequently at fair value {trEir market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairnienL Investments held lor resale or pendlng their sale and cash and cash equivalents wlth a rn￿rity date of le&8 than 1 year are treated as current ass8t investrnents. DONATIONS AND LEGACIES 2024 2023 Donations and fund raising events- branth Donations and fund raising events - central Bereavements & legacies Sale of promotional items Grant income 23.402 382,908 503,535 438 145.789 157.326 258.682 6.559 1.570 4.567 1,036,072 428.704 Grants received in the year from the following provKlers: 2024 Chepstow and Caldicot LDrL8 First Give Julian Hodge Foundation Loteri Cymru Moondance Foundation St James Place Charitable FowNlation The Nalional Lottery 2,000 1,000 80.000 8.000 44,789 10,000 INVESTMEKf INCOME 2024 2023 Dividends and fixed interest securities Interest on cash depo&ts 126,663 125,412 127.211 conlinued...

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 RAISING FUNDS Ralslng donatlons and legacles 2024 2023 Fundralslng actlvltles 72,543 Inveslment managemont costs 2024 2023 Investment management fees 6,994 Aggregate amounts 79.537 CHARITABLE ACTivmES COSTS Dlrect Costs (see note 6) Support costs (see note 7} Totals Services to patlents 193,163 DIRECT COSTS OF CHARITABLE ACTMTIES 2024 2023 Grants and comfort payments Funded posts Hospital equipment Hospital cleanlng Training 395.448 256.432 13,832 22,090 3,731 469,200 197.192 243 18,665 691,531 685,300 -26- continued...

LATCH WELSH CHILDREN% CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2024 SUPPORT COSTS Govemance costs Management Finance Tolals Services to patients 254 193 183 NET INCOMEI(EXPENDrruREI Net Incomel(exp8nditur8) 18 Stated after ChargIn￿(CredItIng). 2024 2023 Audltors, remunerallon Audltors, ramuneralton for non audlt work Depre¢lation - owned a￿ets 8,950 5,880 TRUSTEES. REMUNERATION AND BENEFITS There were no trustee8' remuneration or other benefits for the year ended 31 December 2024 nor for the year erKled 31 December 2023. Tru•t•u' •xp•n•o• Thera ware no relmbursed tru8tees' expen80s for tha yw ended 31 Dec￿nber 2024 {2023: £235). 10. STAFF COSTS There were no staff costs for the year ended 31 December 2023 nor for tho year ended 31 December 2022. No employees recelved emoluments in exce88 of £60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestrlcted nds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 428,704 428.704 Investment Income Other income 128,485 126,485 5.697 Total EXPENDITURE ON Ralsing fijnds 79,537 79,537 Charltable actlvttl•s Serlrfces to patlents 857.334 Totsl 806.871 936,871 continued...

LATCH WELSH CHILDREN'S CANCER CTriARITY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 11. COMPARATIVES FOR THE STATEMENTOF FINANCIAL ACTivmES • contlnued Unreslrthd Restricted funds funds Total funds Net gains on investments 78.255 NEf INCOMEI(EXPENDITURE) (267,730) (30.000) (297,730) RECONCILIATION OF FUNDS Total funds br￿ght fopKard 3.468.333 90.000 3.558,333 TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS Fixiures and fittings COST At 1 January 2024 and 31 December 2024 88,793 DEPRECIATION At 1 January 2024 and 31 t>ecember 2024 88,793 NET BOOK VALUE At 31 December 2024 At 31 December 2023 13. xeD ASSEf INVESTMENTS Listed investments MARKEf VALue At 1 January 2024 Disposals Unrealised gains 2.972,394 (7,093) 120 283 At 31 December 2024 3.085.584 NEf BOOK VALUE At 31 D￿rnber 2024 3 085 584 At 31 December 2023 2 972.394 -28- conlinued...

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 13. FIXED ASSEf INVESTMENTS - continued Investment assets oul*de the UK are below. 2024 2023 UK UK Equlfjes Cash held In Mar￿ged furMI8 Bonds Hedge fund8 Propety Commodltle8 Other 1.016,755 81,793 323,371 1.281.025 1,167,055 125,518 347,216 44,683 145,007 94,600 890,618 2,767 115,625 103,801 2 078 612 1& DEBTORS: AMOUNTS FALUNG DUE IMThIN ONE YEAR 2024 2023 Prepayments & other debtors 15. CREDITORS: AMOUNTS FALUNG DUE MThIN ONE YEAR 2024 2023 Trade credltors Funded posts & other accruals 79,555 26.298 101928 128 224 16. LEASING AGREEMENTS Mlnlmum lease payments under non4ancellable opwatlng leases fall due as follows: 2024 2023 W5thSn one year Belween one and five years 720 720 2.699 continued...

LATCH WELSH CHILDREN% CANCER CHARrrY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 17. ANALYSIS OF IieT ASSETS BEfwEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted Restricted f￿dS ds Investments Current assets Current liabililies 3.085,584 552,057 144 815> 3.085,584 661.249 2.972,394 416.433 109,192 3 492 826 109.192 3 802 018 3 260.603 18. MOVEPIENT IN FUNDS Net movement In funds At 31.12.24 Al 1.1.24 Unra•trlct•d fund• General fund Oesignated 2,900.603 292.223 3,192,828 3200,603 292.223 3,492,828 Rostrlcted funds Julian Hodge Foundatlon YMCA Moondance Foundatlon The National Lottery 40.530 (30,000) 18.662 40,530 30,000 18,662 60,000 109 192 TOTAL FUNDS 3 802 018 contlnued...

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 31 DECEMBER 2024 18. MOVEMENT IN FUNDS - contlnued Net movement in funds, Included In the above are as follows: Incomlng resources Resource8 expended Galns and losses Movement In funds Unre8trlGted funds General fund St James's Place Charltable Foundation Flrst Give 1,031,077 10,000 (859.227) (10.000) 120,373 292.223 1,042,077 {870.227) 120,373 292,223 Restrlcted fund8 Julian Hodge Foundatlon YMCA Moondance Foundatlon Chepstow & Caldlcot Llons The National Lottery Loterf Cymru 60,000 (19,470) {30.000) (26.127) (2.000) 40,530 (30,000) 18,662 44.789 2,000 20.000 20,000 TOTAL FUNDS 1176 886 955 824) 120 373 Comparatlves for movem•nl In fund• Net movement Sn funds At 1.1.23 31.12.23 Unrn8trict•d fund• General fund 3.468,333 (287,730) 3,200,603 R•strictod fund8 YMCA go,000 (30,000) 60,000 TOTAL FUNDS 3,558,333 297,730) 3 280 603 -31- continued...

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 18. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included Sn the above are as follows: Incoming resources Resources expended Galns and bsses Movement in funds Unrestrfctod funds General fund 560,886 {906,871) 78,255 (267,730) Restrkted funds YMCA (30,000) (30,000) TOTAL FUNDS 560.886 936.871) 78.255 297,730) Unrestricted Funds general reserve represents the funds of the charity thlch are not deslgnated for speclfic purposes. The St James's Place Charitable Foundation fund rewesents unrestricted monies received as part of the Chaiity of the Year funding. The Flrst Glve fund represents unrestricted amounts received as part of the school initiativ8. Designat•d Funds Designated funds represent monies set aslde for the following: - £300k relatlng to madium terni capital project development. Restricted Funds The Jullan Hodge Foundatlon fund represents monies received for the purpose of travel from 1 st August 2024. The YMCA fund represents monies received to fund social WOTker salaries for 3 years from 2023. The Moondance Foundation fund represents monies recelved for the purpose of fundlng an addltional social vlother for the year for 2024. The Chepstow & Caldicot Lions fund represents monies received towards the accommodation refurbishment. The National Lottery fund represents monies rec£ived towards the Build-a-Bear paty (including lunch) and for 2025 activities. The Loteri Cymru fund represents monles received towards the Build-a-Bear party and for 2024 activities. -32- continued...

LATCH WELSH CHILDREN'S CANCER CHARITY NOTES TO THE FINANCIAL STATEMENTS - contlnuod FOR THE YEAR ENDED 31 DECEMBER 2024 19. RELATED PARTY DISCLOSURES During Ihe year. £82.138 (£77.327) was paid to Menai OJ Consultancy Limited. a company contrdled by the Chief Executive Officer, for services provided in theif rApacity as CEO. The transacllon was conducted al arm's length. At the year end, £6,389 was (MJistanding. 20. FRC ETHICAL STANDARD. PROVISIONS AVAILABLE FOR SMALL ENTMES In common wlth many other InCorp￿ted tharilles of our slze and naturn use our audiiors to asslst wlth the preparallon of the finandal ststements.