Charlty Reglstratlon No. 1108870 Company Reglstratlon No. 05333148 (England and Wales) THE CARING FAMILY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE CARING FAMILY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Caring P Caring T Maddock C Robin50n M Miranda (Appointed 31 March 20251 Secretsry Z Ulevic Charlty number 1108870 Company number OS333148 Reglstered offlce 1st Floor Suite 6 Berkeley Square House Berkeley Square London WII 6BD Audltor HW Fisher Audit Acre House 11-15 William Road London NWI 3ER United Kingdom Bankers HSBC Private Bank IUKI Limited 78 St James Street London SWIA IJB Solicitors Trowers & Hamlins LLP 3 Bunhill Row London ECIY 8YZ THE CARING FAMILY FOUNDATION CONTENTS Page Trustees, report i-io Statement of tru5tees' respon5ibilitie5 li Independent auditor's report 12-14 Statement of financial activities 15-16 Balance sheet 17 Statement of cash flows 18 Notes to the financial statements 19-30 THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial statements for the Year ended 31 De￿mber 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial Statements and comply with the charity's Memorandum and Articles of Association, the Charities Act 2011, the Companie5 Art 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191" Objettives and activities The Foundation's vision is a world free from hunger, harm, and hurt Whe￿ women and children can thrive. Our mission is to work towards that world via practical support to ensure every child has access to a nutritious meal. every woman is free to make her own choices without violence, and rainforest communities can flourish alongside nature as we help to reverse deforeststion. Now in its fifth year, in 2024 the Foundation continues to operate in both the United Kingdom and Brazil. advocating for these three key pillars of combating child poverty. protertinÉ women from domestic abuse and environmental work in the Amazon rainforest. We do this through building on the relationships with existing partners, the communities supported, as well as engaging with new partnerships. Our effort5 to combat child poverty with our-Food from the Heart- campaign remain5 a core focu5 of the Foundation's work, with grants provided by the Foundation focusing on community and families in both the UK and Brazil. Alongside targeting food insecurity through the provision of cooked meals and tske-home parce15, the Foundation aim5 to create opportunities for familie5 to build Confiden￿ and develop skills through cooking programmes. youth clubs and community markets. The commitment to protect women and girls grew with additional grants to domestic abuse organisations in the UK. The Foundation'5 focus 15 not only on supporting the provision of crisis services to domestic violence survivor5, but a150 on 5ervice5 targeting the prevention of domestic abuse. The Foundation will also fund initiatives that help women rebuild their lives after Surviving abuse through partnering with organisation5 that provide training and employment opportunitie5 to help drive ongoing, positive change. The Foundation expanded on its environmental work in the Amazon to regenerating the land whilst supporting the sustainable livelihood5 of Indigenous communities. Essential medical care was also fvnded to several Indigenov5 communities, through a belief that protecting the guardians of the rainfofest will not only safeguard their health. but that of their environment as well. Athievement and Performancè, and Principal Attivity Over the period from 2020 to the end of 2024 we achieved the following milestones across the three tsrgeted pillars.. Child poverty- Meals produced & delivered 3.089,741 Domestic abuse- Services provided to women and children 30.(XK) Reforèstation- Trees and seedlings planted in the Brazilian Rainforest 2.352.080 Child Poverty Athieved Goals in 2024 Icalendar yearl: 636,583 meals delivered to vulnerable communities. in the UK and Brazil In the UK, 35,728 families were supported through the Foundation's"Food from the Heart" campaign In Brazil. 92% of children supported showed improved growth and nutrition and 75% of students demonstrated better academic performance In the UK, over four million children live in poverty, with many families struggling to meet basic needs such a5 food, clothin& and adequate housing. We are deeply committed to supporting those most affected through our partnerships with grassroots organisations. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Food insecurity remains a central focus of our work. and our'Food from the Heart, campaign prioritises sustainable food delivery programme5 for children affected by food insecurity. Thi5 year, through the programme, we delivere(l an additional 584,381 mea15 to those in need. reaching over 3S.000 families. In 2024, we further expanded our suppor¢ providing over £41J).¢J)O in grants to partners including The Felix Projert, Home-start, Shining Stars. Success Club. and continuing our collaboration with Surrey Square Primary Sthool. Through this, we are able to deliver hot meals. but also cooking programmes. youth clubs. and community markets. By supporting these vital initiatives, we are not just addressing immediate food insecurity but creating opportunities for families to build confidence. develop skills. and ultimately thrive. THE FELIX PROJECT The Felix Project tsckle5 food, waste, and hunger in London by rescuing 5urplu5 fresh food from supeimarkets, farm5, and restsurants and redistributing it to food banks. charities. schools. and community programmes. Through our grant partnership, the Foundation enabled The Felix Project to deliver 571,(W nutritious meals in 2024. Funding from the Foundation helped The Felix Projert deliver enough food for 40.000 meals to Dormer Wells Primary School. one of many schools supported by the organisation. reaching an estimated 250 individuals in the school community. Market stalls run at the school provide a vital lifeline, offering fresh and nutritlOU5 food to families facing the harsh realitie5 of the cost-of-living SURREY SQUARE PRIMARY SCHOOL At Surrey Square Primary School, 25% of the children are living in temporary accommodation, and 85% belong to families facing significant economic challenges. In 2024. the Foundation supported weekly hot meals for the children and the community, plus take-home meals for families. On Friday, 5th December. the Foundation. alongside Birley Clubs and Bill's volunteers, hosted a Winter Wonderland event, an initiative providing 470 children at Surrey Square Primary School with a magical end to the year. OTHER GRANTS Home-start Camden and Islington received the Foundation's support towards meals. workshops, and prartical assistance. helping families overcome significant challenges. Our grants to Shining Stars and Success Club funded food distribution and cooking programmes, enabling children, young adults, and families to develop essential life Skills and access nutritious meals. Testimonials "This programme is more than just o meol - tt5 (J foundottion for healthier happffer and more Gap(Jble young people who ore breaking through borriers and reoching their potential. The grL7nt s import is not only visible today but will resonotefor years to come, buNlding o thriving, empowered community where chtildrerj ondfomilie5 con envi5AorJ ond creote (J brighterfuture.~ The Fellx Project Partner, UK "Monyfomilies ore struggling to poy energy bills. ondsome hove even experienced homelessness this yeGr. Porents rely heovily on the children gettlng a meol at School, arjd the rnarket stalls thut The Felix Project rujry [sUPPOrted by The Caring Family Foundotion] ore o lifesover." Teacher. Dormer Wells Primary Sthool As part of our commitment to addre55ing hunger in Brazil, the Foundation 15 actively sUPPOrting vulnerable communitie5, focusing on alleviating food insecurity and empowering those in need. Our funding to partners Vila Espèrnnfa and La Girnssol provided over 50.000 nutrrtious meals to children and families in 2024, supporting 200 children dailv. We are working to create sustainable solutions while also empowering women with valuable skills and training. By continuing to strengthen food security and community development. we aim to inspire lasting change and break the cycle of food inseturity for future generations. VILA NOVA ESPERAN The collaboration between the Foundation and the Wila Nova E5peranF community ha5 played a key role in both strengthening food security and empowering women. In 2024. the initiative served 120 daily meals. reaching a totsl of 25.400 lunchboxes and THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 supporting 80 children. 12 women were supported with an empowerment course to support their personal and professional growth, and artivitie5 such as maintsining the community garden give women in the community extra 5UPPOrt. LAR GIRASSOL In 2024. the partnership between the Foundation and LAR Girassol enabled 26.802 meals to be served by November. benefitting 80 children each month within the community where food insecurity ￿MaInS prevalent. Together, we're proud to have reduced malnutrition from 8% to 0% within one semester of our partnership. As well as nutritious meals, our partnership provides education and artivities for the children in the community to support their development. with 75% of students showing academic improvement. On Children's Day in October. we were able to host an unforgettable celebration for the children and their families_ Testimonials "I wont to express my gratitudefor the meol boxes tfunded by The Coring Fomity Foundationl. I d like to SOV they have been a great help to me. l in Currently unemployed, with (J young chtild ot home (Jnd (Jnother 18-ye(Jr-old child. These meal boxe5 hiJve been incredibly helpful. I can only soy thonk you. lin very hoppy to hove hod this opportunity for me and my children. Thank you so rnuchl- Antonla. Ua Esperan Domestlc Abuse Athleved Goals durlng the calendar year 2024: 30,000 service5 provided in the UK 13.986 women and children supported across both countries Domestic abuse remains a critical issue. with one in four women in the UK experiencing violence in their lifetime and the police receiving a domestic abuse-related call every 30 seconds. Our grants support organisations in the UK to continue and expand their in(￿dible work. In November 2024, the Foundation announced £250,(KIO in grants to nine vital domestic abuse organisations in the UK.. Ad￿nCe. Apna Haq, Karma Nirvana. Latin Ameritan Women's Aid {LAWA}, Panahghar. Refuge's National Domestic Al)usÈ Helpline, Solate Women's Aid, Women of Grace and The Angelou Centre. By funding these organisations. particularly the By-and-For organisations, together we are able to provide a wide range of services for women. including refuge. housin& financial support. national helplines. counsellin& workshops, specialist staff and support for survivors of honour-based abuse and female genitsl mutilation IFGMI. The Foundation funded a Specialist Young Women and Girf< Worfler at Apna Ha￿ who will reach up to 90 svrvivors in various community 5etting5, including schools and universitie5, throughout 2024 and 2025. One young woman. now with a young baby. was able to report serious abuse and threats to life as a result of the guidance provided by this dedicated Worker. Thanks to the Worker'5 expert care, the perpetrator wa5 arrested, and the young woman and her baby were provided with immediate protection. In Brazil. eight women experience domestic abuse every minute. with a significant increase during the COVID-19 pandemic. when the Foundation was formed. Recognisin8 the severity of this issue, the Foundation established a dedicated pillar to address it. With our 5UPPOrt, Bem Querer Mulher in Brazil assists women throughotrt the entire rycle of dornestic abuse. Our funding provides services ranging from care centres. psychologic31 support. legal advice. workshops. entrepreneurship, and technical qualifications, with 16 domestic abuse survivors proudly celebrating the completion of a 5ix-month employability training programme this year. Our funding also provides a dedicated domestic abuse worker at Delegacia da Mulhèr. a police station especially for women. With our collective support, the women supported through the centre reported a 94% significant improvement in their wellbeing, with 81% successfully breaking the cycle of violence. Testimonials -After spetJkAfJg Wlth [the Speciolist Yourjg Women und Gtirls. Wotherl. I reolized I needed to put myselA ond my uftborn chAldfirst. Knowing I hadsupport, I was able to tell herandgo to the police.- Surnivor. Apna Haq THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 -The entrepreneurship course [supported by The Coring Fomity Foundotionj hod o significont import on my lift, offering a new perspective on how to Stort lity." Paula. Suryivor. Bem Querer Mulher "l orrived ot Cos0 Bem Querer Mulherfeeling scored. cornered, ond without ony prospectsfor my life. I wos immediately welcomed by someone who took me by the ht7nd ondshowed me. through the job they offtred. thot I wos not olone, thtst there were people who could help me. Today, l am a receptionist at 8aM. I have become the person who will do the SGmefor women going through the some situotion thtrt I went through. tt is o greotsource ofpride to be here. strengthened, moking o difference. I got o job ond o new life." Livia, Survivor, Bem QuÈrer Mulher -1 wos o virtim of dome£tNc violence. with o smoll child. orriving in o new crty without ony support. Then. Ifound Coso Bem Querer Mulher.I wos welcomed, I leorned a lot ond I wos oble to open my own sewingstudio. Who sold I wasn't copable?I" Marluce, Su￿1vOr. Bem Querer Mulher "I sought out Cusa Bem auereT Mulher on the recomrnend(rtion of o fv.end who hod been treuted there. l orrived feelNng bod, without hope, and Ifound myself. But life is not easy ond I hod relopses. Unable to keep myself together. I went bock to my abuser nd everythAng 5tGrted ag(7in. When I thought there wos no way to get bock on myfteL they come to me wonted to know more about me. Emborrossed. I told them. I received oll the support ond todoy l om here, firm. strong. thanks to the core I received. When we think we can't do fftanymore, work like this s(7ve5 o lift- Like its(Jvedmine." Adrlana, Survlvor, Bem Querer Mulher Reforestatlon Athieved Goals during the calendar year 2024: 345,900 tree5 and Seedlings planted 240,000 seedlings prepared for planting 483 people trained in seedling prodvction 649 indigenous, riverside and settler families supported with surtainable a￿ltulture training and farming prartices The ongoing deforestation of the Amazon rainforest. ￿leasIng C02 into Earth's atmosphe￿ and driving global warming, is a challenge that affects us all. Our work in reforestation remains a founding mission of the Foundation, proudly reaching a milestone of over 2.3 million trees and seedlings planted in the Amazon rainforest to date. In partnership with SOS Amazania, we continued our important work on reforestation in 2024, whilst also funding a new restoration project with Ecopore. This project trains Indigenous communities in agrofo¥estry. female leadership. tree planting, and infra5trurture for water, promoting both restoration and 5U5tainable livelihood5. Additionally, we took our first steps rnto healthcare, responding to urgent need5 identified by the Ministry of Health, forming an important partnership with AssocIa￿0 Medlcos da Florests. 'Doctors of the Forest,. inspiring medical volunteers who provide crucial healthcare to 1501ated Indigenous communities, ensuringtheir protection and ability to safeguard their land. SOS AMAZONIA Our ongoing partnership with SOS Amaziinia focuse5 our attention on reforestation, promoting erwironmental conservation in the state of Acre. Together, we support the full scope of reforestation. proudly planting 51.7¢J) trees in 2024 but also seeking further ways to restore the land and Secure sustainable futures for Indigenous communities. Our support for SOS Amazonia's 'Make the Forest Bloom, project does just this, not only teaching reforestation and restoration techniques for small properties in the Amazon. but in turn creating livelihoods for Indigenous people. This year, our funding helped to provide training for 400 Indigenous individuals. support the preparation of 255 vegetsble growing areas, and facilitste 1,509 agroforestry technical assistance visits_ Additionally, two springs were restored to improve water quality, and 294,2(K) seedlings were produced for distribution and planting. By April 2026. our partnership will grow to see 320 hectares of the Brazilian Amazon restored. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Testimonials -we are hoppy to work wlth ptsrtners such os SOS Amozonio ond its supporter The Coring Fomily Foundation. becouse this gives myfomity greoter motivution to live in theforest. The Mt7ke the Forest Bloom projert hos contributed direcuy to our diet ond improved our income. so we wont to continue toking care of whot we have alreody planted Gndplont more." Maria Ant6nia Souza de Freitas, Extraciivis¢ fèmier and fisherwoman at Tapiri Riverside -For SOS Amozoftio. women in the commuftity hove o very specAoI role. We ore reco9nisedfor our skills in corAngfor the lond ond the seedlings, ond becouse of this, we ore oble to be purt of the entire reforestation process. Wefeel importont, (Ind this influences the way we see ourselves ond how we tjreseen wffthffn the community.- Maria. the Puyanawas Indigenous community ECOPORE The Foundation proudly partners with Ecoporé. an organisation located in Rondonia. the stste considered to be the most devastated in the Amazon. Together, we support refore51ation, restoration, seed collertion, and pr3rtice5 that guarantee the sustainability of the people living in this region. Through our partnership. this year we have contributed to the preparation of 240,OtK) seedlings and the purchase of 2.4 tonne5 of seeds for planting. In the Pacaa5 Novos Indigenous Land, we made progress in reft)restation, preparing and planting 60 hectares of deforested land. An additional 200 hectares was also mapped ready for planting in 2025. Furthermore. we facilitated the training of 305 seed collector5, enabling income5 to be generated by Indigenous families, and fvnded 30 Indigenous communicators to help broaden outreach within local territories. With this work together. we transformed the lives of at least 250 families across five territories in one of the most severely affected area5 of the country. Testimonials "An Indigenous woman who lives in the Sete de Setembro Indigenous Lot7d told us that she was very pleosed and gratefulfor the opportUnAty to Pt7rtAClPOte the seed course. which ftot only ollowed her to leorft more but olso to increose herfomily's income. She had suffered an occident that left her Wlth losting effects. ond as o result, she hod difficulty working in the field5. Today, by selliftg seeds, she told us that she hos been oble to eorn extra money ond hos been personal items for her home oftdfood for herfomily." Etoporé Partner, Brazil A55OCIAW) MÉDIC05 DA FLoRE￿A Associa[ao Médicos Da Florests 'Doctors of the Forest, IAMDAFI is a group of medical volunteers providing vital healthcare to vulnerable Indigenou5 communitie5 in the Amazorh. We believe that by proterting these commurhities, we help preserve their role as guardians of their land. With our support. AMDAF offers ServI￿S ranging from paediatric care to women's health. dentsl exams. ophthalmology and general healthcare, taking their skills into the heart of the Amazon rainforest. In 2024, we embraced the 'One Health. concept, alongside AMDAF, irrtegrating health and environrnental care. Expedition5 to the Indigenous Yanomami people of Demini and the Ecoporé project resulted in 80 healthcare consultations for children, also sharing of knowledge on traditional medicine. In 2025, our partnership will expand with the introduction of a state-of-the-art Medical Bu5 equipped with ECG and dentsl x-ray machinery. ultrasound, ophthalmology equipment and a fully equipped lab. Testimonials -AMDAF hove been working Wlth isoloted people who hove ftever hod contoct with civllizotson. And Brtszffjl, incredibly, is o ploce that has the lorgest number of isolated people on the plonet. We ore there, with The Coring Family Foundation. moking an omozing dAfvrence. If we toke core oAthem. we ore tt)king core of all of us.~ Celso Takashi Founder. AsS￿la￿0 Medicos Da Floresta IAMDAF} THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 2024TIMEUNE In January, the Founder visited Vila Nova Esperan￿. a community hub and kitchen in Brazil. to witness the powerful impact of the project's work supporting families facing food insecurity and malnutrition. With the Foundation's 5UPPOrt, a vital programme wa5 launched providing 25.4(K) lunchboxes to families who otherwise would go without. February saw the Foundation reaching the milestone of two million trees planted in the Amazon. This vital reforestation initiative will grow each year, as we actively seek new affected areas to amplify our impact. Crucially, this planting not only serves the Amazon rainforest, but the beautiful Indigenous communities protecting this land. In March, we celebrated International Women's Day at Annabel's with a panel of trailblazing women, including June Sarpong OBE, lo Ellison, Sultsna Tafadar KC and Zawe Ashton around the theme 'lnspire Inclusion, and shining a spotlight on our work supporting domestic abuse survivors in partnership with Bem Querer Mulher. In April, Richard and Patricia Caring were honoured with the pre5tigiou5 Variety Club Silver Heart Award for their outstanding contribution to philanthropy. Earth day highlights the need to visit the Amazon ourselves. enduring the aftermath of extreme flooding. May saw the Foundation to embark on an expedition to the Amazon, working with the Indigenous Nukini community to construrt two artesian wells. a water distribution system and solar energy panels in the state of Acre. In addition. we trained the community on sustainable agriculture, empowering the community with ski115 to secure their fvtures and creating incomes. In June, the team vi51ted the isolated Indigenou5 Yanomami community in the Amazon fainfore5t and met with Davi Kopenawa, one of the world's most influential Indigenous leaders. Vital needs assessments are taken first hand. July was marked by the graduation takes place of 16 domestic abuse survivors completing a six-month employability training programme with Bem Querer Mulher in Brazil. August focused on delivery of Emergency food baskets, clean water and other essential supplies to the Indigenous Nukini community in the Amazon. which had been severely impacted by drought. Sèptèmber's The Annabel's for the Amazon Gala raised £2.2 million. raising awa￿neSS and vital funds for the three pillars of the Foundation, including combatting deforeststion in the Amazon. In October, we marked the International Day of the Girl, supporting the first annual Girls Human Rights Hub Awards founded by Sultana Tafadar KC. The awards recognised individuals and Owdnisations who have made significant tontributions to advancing girls, human rights. November marked the launch of the 2024 'Food from the Heart, campaign with The Felix Project in London. immediately delivering 300,000 hot mea15 before the end of the year. We proudly announced £250,0(X) in new grants to nine domestic abuse organisations in the UK. Finally. By December. we reached 571.000 meals delivered to children and families in the UK. We take our Festive Wonderland fundraising event at The Dorche5ter, to the children of Surrey Square Primary School alongside Bill'5 volunteer5 who provided hot nutritious meals. nanclal revlew The ststement of financial activities a5 Set out on page 15 5how5 a net surplus for the ended 31 December 2024 of £203,186 12023.. £2.366.3741. This has resulted in net assets of £2.992.86312023= £2.789.6761 held 35 at 31 December 2024. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, Governance. and Management The Trustees continue to ensure the highest level of governance and control is present in The Caring Family Foundation. They meet regularly to Set the policy and overall direction of The Foundation, to review its plans, risk management, and safeguarding, and to discuss the management of the Foundation's strategic and operational delivery. There was no change in the trustees during 2024. post year end U O'Reilly resigned as 3 trustee and M Miranda was appointed in March 2025. These Trustees serve to uphold the organisation's mission and values by selerting individuals with diverse expertise and a commitment to furthering the charity's objertives. It ensures effective govemance. stewhrdship of resourtes, and accountability to stakeholders, fostering trust and confidence in the charity's operations. During this reporting period. the Foundation continued to work with Bates Wells IUK-basedl to continue to review its governance 5tiurtures and risk management practices. In 2025, thi5 included the addition of a Delegation of Authority poliry to accompany existing policies on Grant Making Policy. Safeguarding Policy. Fundraising Policy (with a complaints procedure). Risk Register, Privacy Policy, Conflicts of Interest Policy, TCFF Code of Conduct. TCFF Anti-corruption Policy, TCFF Anti-corruption and Integrity Clause Ifor contracts domestically and internationally). TCFF Gifts. Presents. and Entertainment Policy. TCFF Donation and Spon50r5hip Policy, Due Diligence Policy, Public OFFicials Relationship Policy, Wrongdoings Investigation Policy, and Internal Charity Financial Controls Policy and Procedures. The Foundation has previously estsblished key policies and prO￿dureS in both the UK and Brazil. fostering compliance with local legislation and charity governance stsndards, including a comprehensive framework agreement to ensure legal alignment between its entities. Plans for the Futurè UK After a succe55Ful 2024, which saw over halF a million nutritious mea15 distributed, The Cating Family Riundation is expanding its partnership with The Felix Projert to combat hunger and food waste in London. Through this collaboration, TCFF will support The Felix Project's mi55ion to rescue surplus food and redistribute it to charities, schoo15, and community groups. As well as providing nutritious meals to those in need and addressing food insecurity. The Caring Family Foundation will also maintain the partnership with Surrey squa￿ Primary School through its "Food from the Heart" campaign. Thi5 initiative aim5 to tsckle child hunger and food insecurity, particularly during the Christmas holidays. Thi5 partnership is crucial as many students at Surrey Square Primary fa￿ significant economic challenges. with a large percentage living in temporary accommodation. By providing nutritious meals and creating joyful experiences, the Foundation helps to alleviate some of the hardships these children face. Holiday hunger is an area under the child poverty pillar that The Caring Family Foundation is hoping to tsrÉet this year, with many children impacted outside of term time. We are looking to partner with charitable organisations to focus on the provision of nutritious meals during school holidays. reducing food insecurity during these periods. and providing practical and emotional support to families. At the end of 2024, within the domestic abuse pillar, the Caring Family Foundation committed to a year-long partnership with the Women's Aid Federation and other prominent organisations in the sertor. The Women's Aid Federation is dedicated to ending domestic abuse against women and children. Through their extensive netsvork. they provide emergenry accommodation, support groups, advotacy, and various other essential services to those afferted by domestic violence. Our collaboration aims to bolster these efforts. ensuring that more individuals receive the help they need. The Foundation will also continue its support of the Angelou Centre. which is run by and for women from Black and minoritised communitie5 in the northeast of England. The Angelou Centre piovides a holistic service encompa55ing counsellin& therapy, and skills courses alongside refuge housing. In line with the Foundation's objectives. we are also looking to partner with educational charities to target the prevention of domestic abuse, as well as those that provide ongoin& 5U5tainable change to survivors. Brazil We have expanded the focus from reforestation to land restoration, involving local communities in the proce55, creating sustainable and long-lasting processes. and ensuring that the One Health concept is implemented through various actions. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The partnership with SOS Amazonia continue5, where 900,(KJO tree5 will be planted, in addition to a system that aim5 to guarantee the livelihood of more than s￿ families in the process. The support for Ecopore continues. going further and further.. training at least 50 more seed collectors. who will be responsible for the 'muvuca" a system that mixes seeds from native tree5 and enables the restoration of true forests, with lower costs and greater impact. In addition. indigenous entrepreneurship projects are also supported. giving residents of these communities many reasons to stsy in the forest, thus ensuring the protertion of hundreds of intact hertare5. As for the partnership with Medicos da Floresta, this is consolidated and 12 new expeditions are planned, taking our Mobile Health Unit to the Indigenous communtties with the greatest needs and returning to the locations visited in 2025. for control and monitoring of results. A new partner joins the planning= Agua Camelo, providing nanotechnology backpacks that filter contaminated water immediately, providing drinkinÉ water to the people most affected by the lack of clean water to drink. Low cost. high impact, saving lives. In the pillar related to childhood hunger, we con501idated a projert that began in 2025= tran5fotming the needy community of Morro do Soco into a model community. Located in Sao Paulo. it has a high degree of vulnerability and brings to TCFF the possibility of carrying out major transft)rmation. By joining force5 Wlth local leaders, we began a proce55 of identifying need5 ranging from basic sanitation to providing food baskets and restructuring the community daycare center. This is an action that has only just begun and ha5 everything it needs to become a major case study. In addition, we continued to support the Lia EsperanFa project and introduced a new partner. GoodTruck. which collects food that would otherwise be wasted and redistributes it to communitie5 SUPPOrted by TCFF. And in the area of Domestic Abuse, we established three new partnership5.' "Fala Mulher- which offer5 Psychological, legal, and social assistance support to women victims of domestic violence. We also included the Francisco Morato Association, focused on employability and reintegration into society, as well as the Simone Silva Institute, focused on shelter and social a5515tance. Finally, we officially introduced the International Day of the Girl into the Brazilian calendar, intending to work to prevent and protect girls, preventing them from becoming victims in the future. through actions focused on education and health. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ManaEement personnel The Board of Trustees serves as the primary driving force behind TCFF'S governance. guiding its mission and risk management practices. Committed to their roles, trustees offer their time voluntarily and without compensation. Looking ahead, the Board will expand its capacity with the appointment of independent trustees. further S￿ngthening its leadership and strategic direction. In Brazil, the foundation has undergone a strategic team restructuring. eliminating the strategic and operation31 lead roles, as well as the junior communications officer, while retaining the finan￿ and junior project officer positions. This restructuring includes appointing an experienced Chief Operating Officer. Senior and Junior Project Officers. and a Lead for Monitoring and Evaluation. These changes align with the Foundation's vision for enhanced risk management. financial acumen, and maximizing value-for- money impact in its next phase of growth. Similar transformational changes will occur in the UK. focusing on strengthening the team to align with the foundation's vision for sustainable impact. This will involve enhancing capacity and acquiring the necessary skill sets to pivot from crisis management toward5 f05tering transft)rmative change in line with the foundation'5 5trate8ic objertives. Furthermore, TCFF will evaluate whether new trustees are needed and e5tabli5h a clear pioce55 for their selertion. To do thi5, we will ensure a comprehensive understanding of the roles and the specific skills. experiences. and qualities required for trustees. We will develop a Statement of re5pon5ibilitie5 or job description to provide prospective trustees with a clear overview of their role5 and responsibilities. Additionally, TCFF may conduct 3 skills audit among our current board of trustees to identify any existing gaps in expertise. We will also review the term of office for trustees and ensure that we follow our governing document's formal appointment or election process. It's worth noting that we are aware of the rules regarding trustee eligibility and automatic disqualification. and we will adhere to a structured and formal recruitment process, similarly to stsff recruitment. Ultimately, the selection of new trustees will involve both a formal process and an informal one. with the final decision made by the existing board of trustees. The trustees work together to ensure the best decisions are made for TCFF. all decisions are informed and we ensure trustees act within their powers. act honestly and with good intentions and only in the TCFF'S interests. always sufficiently informed and having wught advice. take account of all relevant factors and ignore irrelevant factors. manage conflicts of interest and make decisions that are within a range of decision5 that a reasonable body of tru5tee5 can make. These principles are especially utilised when decision5 are complex, involve significant funds or are high impact. Day to day management of TCFF is delegated to the Director. with important matters being reported to the board of trustees. The board remains legally re5pon5ible for all activities of the charity. The tru5tee5, who are 3150 the directors for the purpose of company law, and who served during the Year and up to the date of signature of the financial ststements were.. R Caring P Caring T Maddock U O'Reilly C Robinson M Miranda {Resigned 10 March 20251 IAppointed 31 March 20251 The trustee directors have instituted an on-going programme of tiaining on their roles and re5ponsibilitie5 under charity law. THE CARING FAMILY FOUNDATION TRUSTEES. REPORT {INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dlsclosure of Inforniatlon to audltor Each of the tru5tee5 ha5 confirmed that there is no information of which they are aware which 15 relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. Approved by the Trustees on 30 Oct 2025 and signed on behalf of the board by: R Carlng Trustee Dated.. 30 Oct 2025 10- THE CARING FAMILY FOUNDATION STATEMENT OF TRusfEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees. who are also the directors of The Caring Family Foundation for the purpose of company law. are responsible for preparing the Trustees, Report and the financial ststements in accordance with applicable law and United Kingdom Accounting Stsndards Iunited Kingdom Generally Accepted Accounting Practice). A combination of Company Law ènd Charity Law requi￿$ the trustees to prepare ffinancièl statements for each financial year which give a true and fair view of the state of affairs of the gTOUP and parent charity and of the incoming resources and application of resources, including the income and expenditure. of the charitsble group for that Year. In preparing these financial statements. the trustees are required to= select Sultable accounting policie5 and then apply them con5i5tently- observe the method5 and prirhciples in the Charities 50RP. make judgements and estimate5 that are reasonable and prudent- and prepare the financial Statements on the going con￿r￿ ba515 unle55 it 15 inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting ￿CordS that disclose with reasonable accurary at any time the financial position of the group and enable them to ensure that the financial statements comply with the Companie5 Art 2006 and the Charities Art 2011. They are also responsible for safeguarding the assets of the group and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. 11 THE CARING FAMILY FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSfEES OF THE CARING FAMILY FOUNDATION Opinion We have audited the financial statements of The Caring Famity Foundation for the Year ended 31 De￿mber 2024 which comprise the statement of financial artivities. the balance sheet. the ststement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Finontiol Reporting Stoftdord opplicoble ift the UK oftd Republffjc of Ireland Iunited Kingdom Generally Accepted Accounting Practi￿1. In our opinion, the financial ststements.. give a true and fair view of the charitable companrfs affairs as at 31 December 2024 and of the incoming resources and application of resources, including its income and expenditure. for the Year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordan￿ with the requirements of the Companies Art 2(X)6 and the Charitie5 Act 2011. Basis for opinion We conducted our audit in accordance with International 5tsndards on Auditing IUKI IISAs IUKII and applicable law. Our responsibilities under those standards are fvrther described in the Auditors responsibilitiesfor the audit of thefinoncial stotements 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 ststements in the UK. including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relatin8 to Boing concem In auditing the financial ststements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collertively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The tru5tee5 are re5porhsible for the other information contsined within the annual report. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly stated in our report. we do not express any form of a55urance conclusion thereon. Our re5pon5ibility 15 to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misststed. If we identify such material incon515tencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misststement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Art 21))6 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustee5' report, which includes the directors. report prepared for the purpose5 of company law, for the financial Year for which the financial statements are prepared is consistent with the financial statements. and the dirertors. report included within the trustees. report has beerh prepared in accordance with applicable legal requirement5. Matters on which we are required to report by exception In the light of the knowledge and understsnding of the group and parent charity and their environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. 12- THE CARING FAMILY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSfEES OF THE CARING FAMILY FOUNDATION We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept by the charitable company. or returns adequate for our audit have not been received from branches not visited by us; or the charity's financial ststements are not in agreement with the accounting ￿CordS ènd returns- or certain disclosures of trustees, remuneration specified by law are not made," or we have not received all the information and explanations we require for our audit. Responsibilitie5 of trustees As explained more fully in the ststement of trustees, responsibilities. the trustees. who are also the directors of the charity for the purp05e of company law, are responsible for the preparation of the financial statements and for being sat15fied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial ststements, the tru5tee5 are responsible for assessing the charity's ability to continue as a going concern. disclosing. as applicable. matters related to going concern and using the going concern basis of accounting unle55 the trustees either intend to liquidate the charitsble company or for the group to cease operations. or have no realistic alternative but to do so. Auditor's respon5ibilitie5 for the audit of the financial ststements Our objectives are to obtsin reasonable assurance about whether the finanoal statements as a whole are free from material mi55tatement, whether due to fraud or error. and to 155ue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Mi55tatements can arise from ftaud or error and are considered tnateiial if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial Statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misststements in respect of ir￿gUI1r1ties, including fraud. The extent to which our procedures are capable of deterting irregularities, induding fraud, is detailed below. As part of our planning process.. We enquired of management the systems and controls the group has in place, the areas of the financial ststements that are most susceptible to the risk of irregularities and fraud. and whether there was any known, suspected or alleged fraud. The charity did not inform us of any known, susperted or alleged fraud. We obtained an understanding of the legal and regulatory frameworks applicable to the group. We determined that the following were most relevant.. the Charity SORP, FRS 102, Charities Act 2011, and Companies Act 2(Kl6. We considered the incentives and opportunities that exis¢ including the extent of management bias, which present a potential for irregularities and fraud to be perpetvated, and tailored our risk assessment accordingly. Using our knowledge of the charitable company. together wrth the discussions held with management at the planning stage, we formed a conclusion on the risk of misststement due to irregularities including fraud and tsilored our procedures according to this risk assessment. The key procedures we undertook to detect irregularities includingfraud during the course of the audit included.. Identifying and testing journal entries and the overall accounting records. in particular those that were significant and unusual. Reviewing the financial ststement disclosures and determining whether accounting policies have been appropriately applied. Reviewing and challenging the assumptions and judgements used by management in their accounting estimates. Assessing the extent of compliance, or lack of, with the relewant laws and regulations. Testing key income lines, in particular cut-off for evidence of management bias. Testing the validity of the classification of income, expenditure, assets and liabilities between unrestricted and restricted funds. Obtsining third-party confirmation of material bank balances. Documenting and verifying all significant related party balances and transactions. Reviewing documentation such as the charity board minutes for discussions of irregularities intluding fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing stsndards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity. 13- THE CARING FAMILY FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSfEES OF THE CARING FAMILY FOUNDATION A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.-l/www.frc.org.uV auditorsresponsibilities. This description forms part of our auditor's report. Use of our report Thi5 report is made 501ely to the charitable compan￿5 members, a5 a bo(ty, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to State to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitsble company's members as a body. for our audit work, for thi5 report, or for the opinion5 we have formed. Diccon Thomely (Senior Statutory Auditor) for and on behalf of HW Fisher Audit Chartered Accountants ststutory Auditor Acre House 11-15 William Road London NWI 3ER United Kingdom 30 Oct 2025 14- THE CARING FAMILY FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal year Unréstricted Rèstrirtèd Totsl Total funds 2024 funds 2024 2024 2023 as restated Notes Income from: Donations and legacies Investments 3.495.802 11,731 92.859 3,588,661 11,731 4,691,060 6,140 Total income 3,507,533 92,859 3,600,392 4,697,200 Ex enditure on: Raising funds 295.279 295,279 185,762 Charitable activities 293,458 2,808,852 3,102,310 2,145,064 Total resources expended 588,737 2,808,852 3,397,589 2,330,826 Net incomingl{outgoingl resources bèfore transfers 2.918.796 12.715.993) 202.803 2.366.374 Gross transfers between funds 11.533.2241 1.533.224 Net Incomellexpendlturel for the yearl Net incominglloutgoingl resources 1,385,572 11,182,769) 202,803 2,366,374 Other recoBnised gains and losses Other gains or losses li 383 383 Net movement In funds 1.385.955 11.182.769) 203.186 2.366.374 Fund balances at l January 2024 As originally reported Prioi year adjustment 1.525.767 1.343.659 (79,750) 2.869.426 179,750) 423,302 19 As restated 1,525,767 1,263,909 2,789,676 423,302 Fund balance5 at 31 December 2024 2,911,723 81,140 2,992,863 2,789,676 All income and expenditure derive from continuing activities. Current figures are for the 12 month period to 31 December 2024. Comparative figures are for the 9 months to 31 December 2023. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2(K>6. 15- THE CARING FAMILY FOUNDATION STATEMENT OF FINANCIAL AcfiviTIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor financlal year Unrèstrirtèd Rèstrirtèd Totsl funds 2023 funds 2023 2023 Notes Intome from: Donations and legacies Investments 2,056,564 6.140 2,634,496 4,691,060 6,140 Total income 2,062.704 2,634,496 4,697,200 enditure on- Raising funds 185,762 185,762 Charitsble activities 1,290.801 862,779 2,145,064 Total resources expended 1.476.563 862,779 2.330.826 Net incominglloutgoingl resources bèfore trdnsfers 586,141 1.771,717 2.366,374 Gross transfers between funds 516.324 1516.3241 Net Incomel{expendlwrel for the yearl Net incomin8llout8oingl resources 1,102,465 1,263,909 2,366,374 Other recoBnised gains and losses Net movement in funds 1,102,465 1,263,909 2,366,374 Fund balances at l April 2023 423,302 423,302 Fund balances at 31 December 2023 1,525,767 1,263,909 2,789,676 All income and expenditure derive from continuing activities. Current figures are for the 12 month period to 31 December 2024. Comparative figures are for the 9 months to 31 December 2023. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2(K>6. 16- THE CARING FAMILY FOUNDATION BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 as reststed Notes Fixed assets Tangible a55ets Current assets Debtors Cash at bank and in hand 1,076 788 298,525 3.013.097 145,688 3.193.039 3.311.622 1319,8351 3.338.727 1549,8391 Creditors: amounts falling due viithin one year 14 Net current a55ets 2,991,787 2,788,888 Total assets less current liabilities 2,992,863 2,789,676 Income funds Re5trirted funds Unrestricted funds 81,140 2.911.723 1,263,909 1,525.767 2.992.863 2,789.676 30 Oct 2025 The financial Statements were approved by the Tru5tee5 On ......................... R Caring Trustee Company Registration No. 05333148 17- THE CARING FAMILY FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 as reststed Notes Cash flows from opèrating activities Cash lab50rbed byl/generated from operation5 1190,8881 2,161,939 Investing artiwties Purchase of tangible fixed assets Investment income received 17851 11,731 18341 6,140 Net Cash generated from investing artivities 10,946 5,306 Net cash used in finaniing artivitie5 Net Idecreasel/increa5e in cash and cash equivalents 1179,9421 2,167,245 Cash and cash equiv31ents at beginning of Year 3,193,039 1,025,794 Cash and cash equivalent5 at end of Year 3,013,097 3,193,039 18- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polities Charity information The Caring Family Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 1st Floor, Suite 6 Berkeley Square House. Berkeley Square. London. WIJ 6BD. 1.1 Accounting convention The financial ststements have been prepared in accordance with the charity's Memorandum and Article5 of A55ociation, the Charities Act 2011. the Companies Art 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191-. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are p￿pared in sterlrng which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been p￿pared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the f0￿See2b1e future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran￿ of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The pvrposes and uses of the restricted funds are set out in the notes to the financial ststements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 19- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin8 policies (Continued) 1.5 Expenditure Expenditure is recognised on an accruals basis. All costs that can be directly attributed to charitable artivities are allocated to the relevant activity- Liabilities are recogni5ed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Costs of charitsble activities include grants made, governance costs and support Costs. Governance costs include those costs associated with meeting the constitutional and ststutory requirements of the charity and include the audit fees and Costs linked to the ttrategic management of the charity. Grants payable are payments made to third parties in the furtherante of the charitable objects of the charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expettatiorh that they will receive the one year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside of the control of the charity- Where no condition5 eK15t, the full grant payable is recognised in the year the grant offer has been communicated. Provisions for grants are made when the intention to make the grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable. 1.6 TangSble fixed assets Tangible fixed assets are initially measured at C05t and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised 50 a5 to write off the cost of a55ets less their residual values over their useful lives on the following bases: Computers 3 years, on a Straight line ba515 1.7 Impalmient of flxed assets At each reporting end date, the charity reviews the carrying amounts of tts tsngible a55ets to determine whether there 15 any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset 15 estimated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents are cash balance5 held with bank5. . Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments 155ues' of FFiS 102 to all of its financial instruments. Financial instruments are reco8ni5ed in the charity'5 balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an irrtention to settle on a net ba515 or to reali5e the asset and settle the liability simultaneously. -20- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountin8 policies (Continued) 8asicfinancial assets Basie financial assets. which include debtors and cash and bank balances. are initially measured at transaction price including transaction cost5 and are subsequently carried at amortised cost using the effertive interest method unless the arrangement constitutes a financing transartion. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basicfinancial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present valve of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees a￿ ￿quired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. The tru5tee5 do not believe that any crttical accounting estimate5 or judgements have been made. Donations and legaiies Unrestrirted RÈstrirtÈd Totsl Unrestrirted Restricted Total funds funds funds funds vear ended 31 year ended 31 year ended 31 period ended period ended period ended Dètember DètembÈr Dètembèr 31 December 31 De￿rnber 31 Detember 2024 2024 2024 2023 2023 2023 Donations and gifts 3.495.802 92.859 3.588.661 2,056.564 2,634.496 4,691,060 21 THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Investments Unrestrirted funds Unrestrirted fund5 year ended 31 period ended Decèmber 31 December 2024 2023 Interest receivable 11,731 6.140 Raising funds Unrestrirted funds Unrestricted funds Year ended 31 period ended Oecember 31 December 2024 2023 Fundraisin and ublici Other fundraising costs 295,279 185.762 295,279 185.762 -22- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable attivities year ended 31 period ended December 310ecember 2024 2023 Child poverty Domestic abuse Restoration and Reforestation 313,796 226.501 77,505 207,781 70.075 456,099 617,802 733,955 Grant funding of activitie515ee note 71 2,191,050 1,125,593 Share of sUPPOrt costs15ee note 81 Share of governance costs (see note 81 262,298 31.160 263,749 21.767 3.102.310 2.145.064 Analysls by fund Unrestricted fund5 Restricted funds 293,458 2.808.852 1,290,801 854.263 3.102.310 2.145.064 Grants payable year ended 31 period ended December 31 December 2024 2023 as restated Grants to institutions-. Claudia Jones Organisation Weizmann Women in Science Refuge- National Domestic Abuse Helpline The Childhood Trust 9,900 10,000 25,000 90,￿0 3,185 3,120 6,400 1,050 3,200 11,250 5,636 3,1I)O 7,938 1,875 37,500 2,1I)O 6,400 50,CXX> 2000 Community Action Centre Action for Refugees Bold Vision Carney Community Crohns and Colitis Relief Hot Line Meals KAA Intrepidus Trust Katherine Low Settlement Lev Echod Cancer Care Loughborough Community Centre Mishon Projert Reaching Higher Refreshing Mind5 -23- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable (Continued) Salmon Youth Centre Solidarity Sports The Cheer Up Squad Tool 4 Teens Tower Hamlets Hub Turning Corners Venture Community A550ciation World of Hope Thomas's Foundation People's Palace Projects Lia E5peranca Institute Instituto Capim Santo Solano Trindale Agency Association Instituto Para o Desenvolvimento Sustentavel Indes Saudavel IBQMI SOS Amazonia Women'5 Aid Federatiorh of England Karma Nirvana Panahghar The Angelou Centre Apna Haq Girls Human Rights Hub Latin American Women's Aid Women ofGrace UK CIC Solate Women's Aid Advance Domestic Abuse- Kennel Club UK 4,160 2.472 lo,￿0 3.038 10,045 4.055 15,300 5.800 loo,000 io.(KJo 15,286 137.531 169,590 50,056 81,057 200.C¥)O 30,630 239,626 205.534 18,IKK) 30.C 30,1 30.1 25,IKKI io.c 30,1 30.IJX> 35,IKX) 25,OX> 50,IMX) 25,lJX> 25,740 25,C 333,333 18,759 9,211 7,785 7,474 250,684 283,212 31,142 28,152 306,768 Home Start Charity Surrey Square Primary School Shining Stars The Felix Project Success Club Kaka Kids Modas Associapo Good Truck Brasil Fundo Organico Solidario Ecopore Medicos da Floresta Nukini Instituto Welight Socioambientsl Associacao The Caring Family Foundation Bra5il 79,749 2,191,050 1,125,593 The Caring Family Foundation paid £1.6m to Associac30 The Caring Family Foundation Brasil la Brazilian association which was set up to further the charitable objective5 of the organisation in Brazill in 2023. There 15 a Service Level Agreement with the association which pays the grants on behalf of the UK Foundation. Management believe that it is more transparent for the readers of the accounts to show the grant breakdown in totsl, although some are officially between Associacao The Caring Family Foundation Brasil and the grantee. -24- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs year ended 31 Detèmber period ended 31 December Support costs Governance 2024 Support costs Governance costs 2023 Staff costs Depreciation Legal and professional 122,897 497 122,897 497 114,048 46 114,048 46 138,904 138,904 149,655 149,655 Audit fees 31,160 31,160 21,767 21,767 262,298 31,160 293,458 263,749 21,767 285,516 Analysed between Charitable artivities 262.298 31.160 293.458 263.749 21,767 285.516 Amounts within governance costs paid to auditors for Stat￿Ory audit servi￿5 totslled £32,639 Iple 31 December 2023.. £21,767) is made up of £21.000 Ip/e 31 December 2023.. £17.3001 accrued costs relating to the current period audit and additional payments made in the period against ple 31 December 2023 audit of £11,639 Ip/e 31 December 2023.. £4,467) due to an under accrual made in the previous year. Other costs included have been paid to other auditors for non statutorv services. Trustees None of the tru5tee5 lor any persons connected with them) received any remuneration or benefits from the charity during the Year. -25- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 io Employees The average monthly number of employees during the Year was.. year ènded 31 period ended 31 December December 2024 2023 Number Number Emplownent costs 2024 2023 Wage5 and Salaries Social security costs Other pension costs 109,253 12.619 1,025 94,275 17.362 2,411 122,897 114,(148 li Other galns or losses Unrestrirted funds Total 2024 2023 Foreign exchanÈe gains 383 12 Tangible fixed assets Cornputer5 Cost At l January 2024 Additions 834 785 At 31 December 2024 1,619 Depretiation and impaimlent At l January 2024 Depreciation charged in the Year 497 At 31 December 2024 543 Carrying amount At 31 December 2024 1,076 At 31 December 2023 788 -26- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Debtors 2024 2023 Amounts falling due wthin one year- Trade debtors Prepayments and accrued income 292,241 6,284 132.750 12,938 298,525 145,688 14 Credltors: amounts falllnE due wlthln one year 2024 2023 Trade creditors Other creditor5 Accruals and deferred income 57,251 8,791 253,793 145,081 16,823 387.935 319,835 549.839 -27- ￿￿0 O O Lfs O Q) o a o r4 i r*) o THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Anal￿5 of net assets between funds Unrestrirted funds Restricted funds Totsl Unrestricted funds Re5tTicted funds Total 2024 2024 2024 2023 2023 2023 Fund balance5 at 31 December 2024 are represented by.. Tangible assets Current assets/lliabilitiesl 1.076 2,910,647 1.076 2,991,787 788 788 81,140 1,445,229 1,343,659 2,788,888 2,911,723 81,140 2,992,863 1,446,017 1,343,659 2,789,676 17 Related party transartion5 During the year, transaction5 made with related businesse5 of founder Mr R Caring totslled £233,339 Ip/e 31 December 2023.. £118.8451 At the year, end amounts owing to related businesses of founder Mr R Caring totalled £nil Iple 31 December 2023= £115,015). The Caring Family Foundation received donations totalling £1.5m Ip/e 31 December 2023.. £345,349) from Mr R Caring. Included within debtors at the year end, amounts totslling £2(MJk were owing from Mr R Caring. During the year amounts totalling £1.6m were paid by way of grants to a Brazilian Association where Mrs P Caring 15 a member. 18 Cash generated from operations 2024 2023 Surplus for the Year 202.803 2,366,374 Adjustments for.. Investment income recognised in ststement of financial activities Foreign exchange differences Depreciation and impairment of tsngible fixed assets 111,7311 383 16,1401 496 Movements in working capital.. Ilncreasel in debtors (Decreasel in creditor5 1152.8351 1230,0041 188.4141 1109,9271 Cash (absorbed byllgenerated from operation5 1190,8881 2,161,939 19 Analysis of changes in net funds The charity had no debt during the period. -29- THE CARING FAMILY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Prior period adjustment Changes to the balance shèet At 31 December 2023 As previously Adjustment reported As restated Current a55ets Bank and cash 3.275.891 182,8S21 3.193.039 Creditors due within one year Other creditors 1552.9411 3,102 1549.8391 Net assets 2.869.426 179,7501 2.789.676 Capltal funds Income funds Restricted funds Unrestrirted fvnds 1.343.659 1.525,767 179,7501 1.263.909 1,525,767 Total equity 2,869,426 179,7501 2,789,676 Changes to the profit and loss account Period ended 31 December 2023 As previously Adjustment As restated reported Charitsble activities 2.065.314 79.750 2,145,064 Net movement in funds 2.446.124 179.7501 2,366,374 Amounts shown as prior year adjustments relate to the correction of expenditure items which were incorrectly treated as cash and held on the balance sheet -30-