2023-12-31-accounts

Coinpany registration ll￿rnber-. 053?8774 Charity registration number-. I 11 ?256 CHARITY COMNnlSSION FIRST CONTACT 0 6 JAN L)ZS RECEIVED Headstart4Babies IA cojnpany liniited bi. guarantee) Unaudited Annual Report and Financial Siaten)ents for the Year Ended 31 Deceinber ?O?.I

Headstart4B8bies Contents Reference and Administrdtive Details Strategic Report Trustees.Repc*rt-. Statement of Trustees, Responsibilities Independent Exan)inerfs Report Stateinenr of Financial Activities Balance Sheet Notes to the Financial Statements Q to 19

Headstart4Babies Reference and Administrative Details Chief Executive Offb¢er Mr P Saich Trustees Mr P Saich" Mrs K Saich Mrs S E Laflin Mrs R M¢ade Se¢r¢t#ry Mrs K Saich Principal Office 54 Woodfield Lane Lower Cambourne Cttmbridge Cambridoeshire CB23 6DS Con]pan.v Registration Number 053?8774 Charit). Registration Number 111?256 Independent Examiner Weir Associates Ltd Allia Future Busines5 Centre KingFs Hedges Road Cambridge CB4 7HY Page I

Headstart4Babies Strategic Report for the Year Ended 31 December 2023 The trustees. who are directors for the purposes of compaiiy law. present their strategic report lor the year ended 31 Deceinber 20?3, in compliai?ce with $414C of the Coinpaiiies Aci ?006. Achiei'emenÉs and perform*Nee During 2023. the level of applications for fullding from laniilies appeared levelled off to some extent. which enabled us to cope ivith further challenges I￿ fundraising. Nei'eiihele5s. Ive We￿ pleased to continue to proi'ide support to a significant nuinber of fatnilTes aeross the LIK. usin&1 Il)e IEserves built up over previtsus years where needed. We were also able to offer help and advice to tamilie% who needed to undertake their own fundraising to Ineel the cost of their treathnent. Our relatiollships with all the clinic5 offering treatment conliiiue to develop and Ihey regularly direct famili￿ to us for advice 2nd fvnding. To ensure that we can help as niani, families a5 possible the trllstees remain eoi??miited to building and distributing thc fund and to offerinLT increased lei'els (Ifsupport wliereveT possible. The charity is developing a new ivebsite and is planning tu iinprove lis social Inedia pres¢iice 10 iaise awareness eiien furthej". As ever, we reinain deterniined to spread the word about plagioeephaly and 10 3SS15t ds many faniilies a5 Possible to proceed with helimet treatment where it is needed. PriMcip&lrisA's aniliiiicertullllies The ti'llste￿ have a dufv to identify and review the risks to whTch the Ll)arity is elposed and to ensu￿ appropriate controls ale in plac£ to piK)vide reasonable assurance against liaiid and eiTor The 5traregic rep(irt wa5 approved by the trustees of the chdfiiy Lln .. and sigiied on its behalf by.. f./K.J4,' Mr P Saich Chief Ekecutive Ofyicer and'frustee

Headstart4Babies Trustees, Report The trnstees, who are directors for the purposes of coinpany l&w. preselli rhc annual report together with the financial siatements of the chai'itable company for the yeai. ended 31 December ?0?3. Objectives Ilhd activities Ohjeert qnd (Illll.F Headslart4Babie5 is a charitable org8nisation which aims lu raise awareness ot plagiocephaly aiid brachyycephaly. As ￿'ell as increasing the profile of both conditions. we offer 5uppori. adviLL and. tvhere required. fundin&T towards treaiment to familics whose bab￿e5 are affected. We also aiin lo w'ork iviih NHS professionals ro educate paiEnts about iwdys in Kvhich plagiocephaly and brdehy¢ephal} cai) bL' alleviaied and to intraduce both health workers and parents lo the benefits of helmet therapy for babies with severe asjinmetry. Oui. longer-tenm objective is to persuade the NHS to ejnbrace and offer free treatment acr055 the UK iblit benefil Tlie ti'uslees confirni thar thry have coinplied with the requirements of section 4 of (he Charities Act 201 I to have due regard to the public benefit guidance published by the Chariti. Comini55ion for England and Wales. Structurei governanee and m4nagtment ofgvvernihg doi'umeiii Tlie charity is controlled by its governing documen¢ a deed of trust. and coi)stitutes 8 limited Company, limited by guarantee. as def)ned by the Companie5 Aci ?006. Majorrisks uiidnithllfjgemeul ofihose risks The trustees have a dufv to identify and review the risks to which 11)e charit) is eYpos¢d and to ensure appropriate controls are in place to provide reasonable a55urnn¢e a4ai115t fraud and erroi. Financial instruments Objeeilves aiidpolicies The chai'ity's activities expose it to a number of financial risk5 includii)i) credit risk, cash flow risk and liquidity risL. The tjse of financial dei'ivalives is &iovemed by the charitN' s poliLies approved by the board of trustees. which provide written principles on the use of tinancial derivaiii'e5 to Indlldgje Ihe5e risk8. The charity does not use derivative financial instnjmenls lor speculative purpose5. casli.flow risk The charily's activities e.xp05e it prTmarily to Ilie litiancidl rigk% i)t cliange.% in interest rates. Interest bearing assets and liabilitie5 are held at fixed rdie to ensui'e certaiiily ol'Lash Ilows. Page 3

Headstart4Babies Trustees, Report Credil risk The charity's principal finaTacial assets are bank balances and cash. trade and othei. ieceivables. and investments. The eharity's credit risk is primarily attributable 10 its trade receTvable8. The amoun15 presented in the balance Sheet are n¢t of alloii'aiices ltir doubtful receivables. AI] 2L IloivaTlCC for iinpainnent j5 Tnade where thti'e is an identified Ios5 eveni which. based on previous e.Iperience, 1.% cvidence of a reduction iii the recoverability of tlie The credii risk on liquid funds and derivative finan¢ial insiruments is limited because the ¢ounterpartie5 are banks with high eredit-ratings assigned by intemational credit-raiing agencies. The charity has llo significant concenlratiot> of credit ri8k. with eNpo8ure spread ovei. a larg¢ Iiumber of ounterparties and customers. Liquidity ri&k The charity currently holds sufficient cash deposits to cover ongoing operaiions and future developinents. Ther¢ is no requiTeiMenl for the use of long-tem1 or short-lellm debt finance in order lo maintain liquidity at present. Further details regarding liquiditt, risk can be tOUTJd iii Ihe Staternent ol. accouiiting polTcies in the financial statements. The annual report was approved by the trustees ot the charity on ........ .. ........ Mr P Saich Chief Executive o￿lcer and Ti'uslee Pagie 4

Headstart4Babies Statem¢nt of Trustees, Responsibilities The trustees (who ¢we also the directors of Headslart4Babies loi. the purpos￿ of coinpany lawl are iesponsible for piepai.ing the trustees, repon and the fii)ancial stateintnis in accordanLe ivith the United Kingdotn A¢¢ounting Standards (United Kingdorn Generally Accepted A¢counling+ Pi'acticel and applieable law and regulations. Company law iequires the ti'ustees to prepare tinancial statemtiits tor each fiiiancial year. Under company laiv the lrnstees musl not approve the financi815tarenients unles8 they are salislied that Ihey give a trLie and fair vie1￿ of the stare of affajrs.olthe ¢hari10bl<¢tsinpany and ol. its.inooniin¥ resourcestnd applic8t.ion of-regource>. includinu its inconie and expenditure. for that period. In preparingF these financial statements. the trustees are required to.. seleci suitable accounting policies and apply them eonsistenily.. observe (hf Imethods and piinciples in the Charilies SORP: make judgement5 and estimates that are reasonable aiid prudent- state whethei. applicable UK Accountin&Tr Standard% have been follow'ed. 5ubje¢t to any Inaterial departures dis¢losed and explained in the financial statements.. and pi'epare Ihe fiiiancial staieiiients on the going Loncem iiasis unless it TS inappiY)priate to presunie that the chariiable coinpany ivill continue in business. The trustees are responsible for keeping adequate accountino reLOTds thai 8Te sufficient to shoiv and Explain the charitable coinpany's transactions alld disclose with Feasonable aLcuracy at anv liiiie tlie linanctal position of the charitable company aiid enable them to ensure that the finai)Lial staieinents comply with the CompanEe5 Act ?006. Tlity are also responsible for safeguarding the assets ot the char￿Table Lompany and hence for taking Jrasonable steps for the prevention and deteetion of fraud and oth¢r irregularities. Appmved by the trustees of the charity on ....... .. and %ibined on ils behalf by.. Mr P Saich Chief E.iecutive Offie¢r an(1 Truslee Page S

Headstart4Babies Independent Eyaminer's Report to the trustees of HeAdslart4Babies I ieport on the accounts of the charity for the }'ear ended i l Deceinber 2023 which are set out on page5 7 to 19 Respective responsibilities of trustees and ¢xaminer The tru5rees Iivho are also the director5 of the coinpan), fnr the purposes of company law) are responsible for the preparation Of the accounts. The trustee5 consider tlial &udit is iiol rcqiiired for this year under section 144(2) of the Charities Act 2011 (the ?01 l Act) and Ihat an independeni exaniinalioii is needed. .Having satisfied.Inyself tbgt the Gtwity.is noLsubject,to.audit undei. coirpan)'.l&w aryd is eli￿[bl￿for,Trydependtnt". examination. it is iny responsibility to- examine the 2¢counts under section 145 of tlie ?01 l Act: to follow the procedure.% laid down in the gener31 Di￿£tIonS oiven bv the ClTrai'ity Conimission under section 145{illbl ofthe 201 l Act: and to state whether particlllar matter5 have come to Tny attention. Basis of independtnt eXa￿lDer'S report My examination wag carried out in aLcordance iyith the genernl Directioiis giveii bj. the Cl)arity Coimmission. An examin2tTon includes a review of the accounlinb? Tecords k.epr by IhL cliarity and a compari50n of the accounts presented with those records. It also includes con5ideratioii of any unusual itetns oi. disclosures in the accounts, and seeking explanations froin you as trustees collcemin¥ any such tnatters. The procedures undertaken do not provide all the evidence that would be required in audir and consequently no op￿￿110n 1$ 8ÉveD as to whether the ccounts PTe.%ent a'trne and fair view and the report is limited to those matters Set out in ihe statement below. Independent examincr's 51gtement In connection with Iny examination. no tnatter h8$ come to m), attention.. (I I which gives me reasonable cause to believe that in yny material respect the requireinents.. to keep accounting reLord4 in aceordan¢e iviih section 386 ol-lhe Coinpaiiits Act ?006; and to PTepare accounts which accord with the accountin&) Ircord5. Loinply wirh the accounting requirements of section 396 ofthe Companies Act ?006 and with the rnethod% and prii)ciple5 ofthe Stateinent of Recommended Prnctice.. Accounting dnd Reporting bs, Cliarities have not been met: or (2} to ivl)ich, in niy opinion. attention should be drawn in order lo enable a propel. ullderstanding of the accouiits to be ieaclied. O_ Isg• Weir Associates Allia Futures BUSIn￿S Centre KinuTS Hedges Road Caiiibrid&ie CB4 ?HY PaLye 6

Headstart4Babies Statelltent ofFin#ncial Aetivities for the Year Ended 31 December 2023 (Intluding Income and Expenditure Aceounl and Statement of Total Recognised Gains and Losses) UDrestrieted funds Total 2023 Note 'Ineome"and EMdowmem*g froni". Donations and legFa¢ies Iiive5tnient income 206.636 570 206.6i6 570 OTotal Incon)e ?07.206 207,206 Expenditure on: Raising tunds Charitable dCtivittre5 (5.75.fj1 718,399 15.755) 218.399 Ttstal EApeiiditure ?24 1541 ??4.1 j4 Net expenditure 16.948 16.948 Net Jnoveinent in funds 116.948) 116.948) Recomeiliation of funds Total funds broughi foiivard Total Funds ￿rrIed forward 77.708 77.708 13 60,761 60.761 Unrestricted funds Totxl 2022 Nott Income and EndowmtTrts from: Donations and legacies Investment income 103.099 75 103.099 75 Total Incoine 103.174 103,174 Expenditure on: R2ising funds Charitable activities (5.5101 117.149) {5510) 117,149 Total Expenditure 1 ?? 6591 1??.6591 Nel exper]ditiire 19.485 19,485) Net movement in funds 119,48)) {19.485} Reeonciliation of funds Total funds brought forward 97,193 97.191 Total fund5 carried toivard 77.708 77.708 All of the charity's activities dei'ive troin contiiiuing operJlioiis durinb Ilie above two periods. The funds breakdown tor 2023 is shoiYiTr in note 13. Pa¥e 7

Headstart4Babie$ (Registration Dumber: 05328774) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tar]gible assets Current assets Cash at bank and in hand 79.067 Creditors: Amounts falling due wlthin one year Net current assets 1.364 1.364 60.760 77.703 Net assets 60.760 77.708 Funds of the charity: Unrtttricted income funds Unrestricted funds 60,760 77,708 Total funds 60.760 For the financial year ending 31 tkcember ?0?3 the charity i¥as entiiled to e.¥emption from audit ullder section 477 of the Companies Act ?006 IElatiThg lo sinall coinpaiiies. DireLtors' re5ponsibiliÈies'. The niembers have not required the ch￿'lty to obratn an audit of it5 a¢count5 for the year in question in accordance with section 476: The directors ackn0￿,1edge theii. responsibilities for Loniplying wirh the rLquirements of the Act M'iih respect to accounting records and the preparation ol'acLounts. These accounts hav¢ been prep2red in accordance with the proi'i510ll5 applicable to companies subject to the small companies regime. The financial statements on pages 7 to 19 were approved by the trustees. and auihoi'ised lor issue on and signed on their behalt by.. Mr P Saich ChiefExecutive oificer and TnJ5tee Page 8

Head5tart4Babies Notes to the Financial Statements for the Year Ended 31 December 2023 I Charity status The charity is a charity limited by guaraniee and consequently does tTrot liave Share Capiial. Each of the trustee5 15 liable to contribute an ainoullt not exceeding £1 towards Ilie d%s¢1.s i)fiiTre Lliai'ily iii the event of liquidation. 2 Accounting polieits Sunimllry of signifi¢ant decoiiiiling policie5 and key aceownting tstimates The principal arcountTng policies applied in the preparation ol'thest fiiianiial siatemenis are sel out below. Tliese policies havt been consistentl), applied to all the years preseiTrted. unless otherW￿Se stated. Statement of ¢ompli#nee The fiiiallcial statements have ken prepared in accordance with Aecounting and Reporting by Charities: Statement of Recomimellded Practice applicable to charities preparing their accounts in accordance ivith the Financial Reporting Standard applicable in the UK aiid Repiiblic of Ireland IFRS 1021 (effective l January ?015) (Charities SORP {FRS I O?)), the financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10?) and the Companies Act 2006. Basis of prepgrntion Headstart48abies Inee15 the definition of a publi¢ b¢netil eniity Lindei- FRS 10? Assets and liabilities are initiallv recognised at historical cost or transaction value unl￿$ otheriyise staled in the iyleyant accounting policy note5. Going con¢¢rn The trustees consider that there are no material uncertainries abou( the cliarity'5 ability io continue as a going concern iior any signifjcant areas of uncertainty that affect the carryin&T value of assets held by the Charity. Exemption from prtp4rTng a cash flow statement The Charity opted to early adopt Bulletin I published on ? Februwy ?016 and have therefore not included a cash floiv statement in these financial stateinents. Income and endownieTrts All incoine is Tecognised once the chariiy has entitleinenl ro the income. it is probable that the income will be received and the ainount of the income receivable can be 11?easured reliably. Donttlioms ondlexacies Donations are recognised when the charity has beeii notilied in writing of both the amount and 5ettlemeni date. In the event that a donation is subject to conditions that require a level of performance b}. the Charity befoiE the charity is tntitled to the funds, the income is deferred and not recognised until eith¢r those conditions are fully met. or the fvlfilment of those conditions ig M.holly within the conirol ofthe Lharilv and it is probable that these conditions ivill bc fvlfilled iTr the reporting period. Jnve51meiil incijme Dii'idends are recognised once the dividend h8$ been declared and notification has been received of the dividend due. Page

Headstart4Babies Notes to the Financial Statements for the Year Ended 31 December 202.1 Expenditure All expenditure is recogni5ed once tl)ere 15 a legal or constructive obligatioll to that e.xpenditure, it is probable settlemeiit is required and the ainount can be illeasured reliably. All cost.% gre allocated to the applicable expenditure htradii)g that abgreg)al¢ siinilar costs tu thal Lategory. Where co.sts cannot be direetly atti'ibuied to particular11¢4dings theybaYÈ kne￿ allocated L)n ILb&%ikconsistent with Ehe iiseof resource& with ¢en1ral￿t￿ff e05t allocated on the basis of time 5p¢nt. and depreciation charges allocated on the p(Trrtion of the 255et's use. Other support costs are allocated based oli tlie spread of staft c(Trsts. Riiisirtgfhnds These are eosts incurred in attracting voluntary income. Ihe manageinenl ol- investinents and those ineurred in trading aetivities that raise fvnds. Chariioble aclivliieg Charitable expenditure comprises tliose costs illcurred by the eharitv in the delivery of its activities and services for its benefiLiai'ie5. It includes both costs that can be allocated dFrectly to such aetivities and those costs of an indirect nature nere55ary to support theim. GrlliilprovAIitstts Provisions for grant5 are I￿ade when the intention to Diak'e a iyrant has bteTr cominunicated to the recipient but thei'e is uncertainty aiK)Ut either the timing> of the gr￿nt or the ainount of graiit payable. Support costs Siipport costs include central tunetions and have been allocated lo activity. cost categories on a basis consisteiit with the use of resoyices. for e.xainple. allocatints propertv. costs by tloor areas. nr per capiia. staft costs by the time speiit and other Costs by their usage. Governance eosts These include the costs attributsble to the charity-g compliance M'ith coiistitutyonal and statutory reqiiirement5, including audit. strategic management and trustees, n)eetingq and reimbursed ekp¢nses. Taxation The charity is c(Fnsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therelore it meets the defi￿lti0ll of a charitable eoinpaiiy for UK corporatioii taN purposes. Accordiiigly. the charity is potentially exempÈ from taxation in respect of incoine or capitsl gains received within categories covered by Chapter 3 Parl I l of the Corwraiion Tax Act ?0 l O or Section ?56 of the Taiation of Chargeable Gain5 Act 1992. io the extent that such income or gains are applied exclusii'el), lo charitable purposes. Tangible fixed assets Individual fiAed assets are initially recorded at cost. less any subsequent accuin￿1ated depreciatitsn and subsequeni accutnulated iinpairment ￿05Ses. Depreciation and amorti54tion Depreciation is provided on tangible fixed assets so as to W'rite i)ffthe cost or valuatTOn, les5 any estlinated residual value. over iheir experted useful econornic life as tollows.. Asset class Plant & Machii)ery Dcpreclation method and rate ?5ts/0 Reducing balan¢e PagL 10

Headstart4Babies Notes to the Financial Statements for the Y¢ar Ended 31 December 2023 Cash and £ash equivalents Cash and cash equivalents coinprise cash on hand and call deposit% and other 5hort-term highly liquid investments t]iat are readily eonvertible to a known èmount of c&sh and are subjeci to an Fnsignific&nt risk of change in valiie. Trade creditors Trade creditors are obligations to pay for g(K)ds or services thai have been acquired in the ordinary couw of business from suppliets. Accounts payable are classified as Lurwnt liabilities if the charity does not have an unconditioiTral righL ai the end of the reporting period. io deter seiilemeni of the Creditor forat least ￿lre11'e Inonths after ihe reporting dale. If theie is all unconditional righi to defer settleinent for at least twelve rnonrhs after the reponing date. they are presented as non-current liabilities. T17de eTeditors are recoginised initially at the transaction price and subsequently Ineasured at amortised cost using the effective inteirs¢ m￿hOd. Borrowings Interest-bearing borrowings are initially recorded at fail. value. nel of transaction coslg. Interest-bearing boi'rowings are subseqLiently carried at amortised Cost. with the difference between the proceeds. net of transaction 05ts. and the amount dLie on I'edeinpiion beingi recogni8¢d as a cliarge to rhe Sraiement of Financial ActivitEes over the period of the relevant borrowing. Inierest expense is recognised on the basis of the effective illterest method and is included in interest payable and 5inTrilai' charges. Bom)wingy5 2Te classified as Curreni liabilities unless the Lharity has an uncoiiditional righr to defer settlement of the liability for at least twelve montlis afier rhe reporting dale. Fund structur¢ Ullrestri¢ted income fundg are general fijnds that are available tor use ai the ¥rustee.%' discretion in ￿rthe1'a￿ce of the Objectiv￿ of the charity. Designated Unrestricted inLome funds are general funds ihgt have been eamiarked for use against 8 ptrticular project in furtherance of the objeLtives of the eharity. Tlie desig)nation has an administrative Pu4￿se only. and does not legally restrict th¢ trustees, discretion 10 apply Ihe lund. Fin8ncial instruments Clajsificalioii Financial assets and financial liabililies are reeo¥nised when ilie charity becoiiies a party io the contractual PI'OV15TOlls of the insti'uinent. Financial liabilities and equity instruments are classitied aLcording to ihe substance of the ¢Dntracrual arrangjernents entered into. An equity instrument IS 2n>, contrdcl thal evideiices a residual interesi in the assets of the charity after deducting all of its liabilities. Page I I

Headstart4Babies Notes to the Financial Statements for the Year Ended 31 December 2023 Recogniiion tsndtheasiirevwnl All fiiiancial assets and liabilities are initially mea511red at transaction price {ineluding trdnsaelion Costs), except for tl)ose financial assets classifIed as at fair value througyli profil oi. loss. which are initially Ineasured at fair value (which is nornially the transaction price cxcluding tFansactioii costs). unle55 the arrangement constitutes 2 financing transactiUT). If an arrangement constitutes a IinanLillgT t17nsactioii. the Iinancial asset or financial liabili.ty. IS theasured at the presenl valuc of the thture paynients-discounied al a maik.et rate of inlerest tor a siinilar debt instrujnent. Financial assets and liabilities are 01)ly offset in the stateinent ot linancial position ivhen. aiid only ivhen theie exists a legally enforLeable right to set off the recognised AnioLints and the charity intends either 10 settle on a net basis. or to realise the 2sset and settle the liability siinultanlously. Financial ossels are dereCOg￿1Sed when and onl). when al thc contractual I'iglits lo the cash floNY5 froin the financidl asset expire or are seiiled, b) the charity rransfers to anorher party sub￿tantIallY all ol. Ihe risks and rewards of ownership of the finanLial a5sei, or c) the charity. despite liavTnbF retained some. bui not all. sigiitficant risks and rewards of ownership, ha5 transferred eontrol of the asset to another party. Financial liabilities are dere¢ogThi5ed only when the oblig)ation specified in the contract is dischai'ged, cancell¢d or expires. Page 11

Headstart4Babies Notes to the Financial Statements for the Year Fnded 31 Deeember 2023 Deh¢ inKriimellls Debt instruments which Ineet the following condition5 ale subsequentlj. Ineasured at amortised cost using the effective interest method.. (a) The conli%ctiial relum to the holder is {1) a fixed ainoLinr.' liil a po8itiii¢ fixed rate or a positive variable rale. oi. fiii) a coinbinatioii of a iiosilivé or 2 negative fiAed"rate and a Posiiiwè vaiiable ratè. (b) The Contract may provide for Fepayments of the pi'incipal or the ￿lUTn lo the httlder Ibut not both) to be lillkcd to 3 single relevant observable index of general price inflaiion ol. the currencv in which the debt tnstruinenl is denominated. provided Such links are not leveraged. (c) The contract may provide for a deterniinable variation of rhe return to the holder during the life of the instrument, provided that (il (he new rdte satisfEes conditioii (al and ihe variation is not coiitingeiit oll fvture events other than I l) a cl)angye of a contractual variable rate- {?) io proteLt ihe holder against credit deterioration of the issuer,. {3} ¢hangJes in levies applied by a central ballk or arisin¥ froin chanLsLS in rtlevallt takation or law: or (li) the new rate is a market rate of interest and satisfies condition lal. (dl Tliere is conlvdctual provision thai could, by its tenn8. result in the holder losing the principal amount or any iiiterest attributable to the curreni period or prior periods. (e) Contractiial provisions ihat pemit the issuer to prepay a debi instruiMent or permit the holder to put it back to the issuer before Inaturity are not contiTTgellt on future ei.'enrs. oilier than to proteci tht holder against the eredit deleriorntion of ihe issuer or a change in control of the issuer. or io proitct the holder or issuer against change% in levies applied by a central bank or arising from changes in ielev2ni taNation or law. lfj Contractual provisions may pemiit the ektension of the tenn of the debt instrument. provided thal the reruni to the holder and any other contractual provision5 applt¢able during the e.Ktended term satisfy the conditions ot paragraph5 lal to Ic). Debt instruinent5 th￿ are classified as yayable or receivablt Kiiihill olle yeai-on initial recognition and ivhieh Ineet the above conditions are Ineasured al the undiscounted atnoullt of the cash or other consideraiion expecied to be paid or received, net of impaimient. With the exception ot svine hedg?ing instrumenis. other debt instruii?ents not n)eeting these conditions are Ineasuied at taiT value Ihrougli pi'ofit or loss. CominitlT2ents to Inake and receive loans which meei the conditions mentioned above are measured at cost (which may be nil) less ijnpaitment. IHve.flinenls Invesimenls in non-CO￿VertIb1e preference shares and noii-puttablt ordinary or prelerence shares {where sha are publicly traded or their fair value is reliabl}, nieasurablLI are measured at fair value through profil oi. loss. Where fair value cannot be measured reliably. investment5 aTe illea5ured at cost less impaimient. Investments in subsidiaries and associates are measured al cost less IIIIP2irii?eni. For inveslinenls in subsidiarie5 acquired for consideration ineluding the issue of shares qiialifv1￿97 for Inerger relicf. c05t is me￿u[ed by reference to the noininal value of tht shares issued plus fair value of other coiisideration. Any preinium is ignored. Page 13

Headstart4Babies Notes to the Financial Statements for the Year Ended 31 December 2023 Deriva¢ive fintsneiul in51rnm£nl DErivative5 are initially reci)gnised at fair value at the date a derivative contract is entered into and dre SLib5equently reineasLired to their fair value at each reportin￿ dale. -l-he iesiiltlll& bTain or Ios5 is recog)nised in statement of financial activities irnmediatcly uiiless the deri¥'aEive is d¢sisTnated and etyective as a lied£ing: iDsts'ument. In ivhich event ihe timing of the recognition in statement of"financial activities depen'ds on the nature of the hedge relalionship. The charity does not hold or issue derivative finaneial in%truiiieiit5 for speculative purposes. Fuir vulue pKeu&uremeiil The best evidence of fair value is a quoted priee for an identical asset in an active market. When quoted prices are unavailable. the price ora recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant ehange in economic cii¢llnistances or a signifiLant lapse of time since the transaction took place. If the market Is not active and recent transactions ol. an identical 8sset an their arc not a good ¢stimate of fair value. the fair value is estimated by using a valiiation ieehnique. 3 Income from don8tion5 and Icgacics UnrL¥tricted funds Total 21123 Total 2022 General Donations and legacies: Donaiions frotn individuals 106,636 706.636 ?06.636 906,6)6 103.099 103.099 4 Investment in¢oine Unrestricted funds Total 2023 Total 2022 General Interesi receivable dnd siThilar income; Interest receivkble on bank deposits 70 i70 75 PagTe 14

Headstart4Babies Notes to the Finaneial Statements for the Year Ended .11 December 2023 5 Elpenditure on charitable 8¢tivitie5 Unre5trÈcted lunds General 2023 2022 Note Grant tiinding of activities Allocated support Costs Governance costs ?09.335 8.360 704 218.399 Grant funding of Actii'ity 511PPOrt ctivitv costs ?09.335 8,360 704 218.399 Total 2023 110.313 6,132 704 117,149 Total 2022 Raise awareness of plagiocephaly and brachycephaly ?09.335 8J60 ?17.695 116.445 £209,335 (2022- £116,445) of the ab(Jve expeiiditure was atiributable to unrestricted fvnds and £Nil l?02? . £Nil) to restricted funds. Page 15

Headstart4Babies Notes Éo the Financial Statements for the Year Ended 31 December 2023 6 Atkalysis of gvvern4Dce and support eosts Charitable 4¢tivi¢ies expenditure Unrèstricted. funds Total 2023 Total 2022 Basis of allotatioR Genernl Raise awareness of pIagl￿ep￿arY and brachycephaly 9.064 9,061 Support Costs allockted to charitable aetivities Governance Administratio Other support costs eosts ¢osts Total 2n23 Total 2022 Basis of allocation Raise aivareness of plagiocephaly and bra¢hy¢ephaly 704 8.360 9.064 Basis of allocation Reference Method ofallocation Goveiiiance Cosl Governance Adniinistration Costs Time Spent Time Spent Othei. Support Costs Governfinee tost% Unrcstri¢ted fulld5 Total 2023 Total 2022 Gener41 Allocated support Costs 704 704 704 PaLTe 16

Headstart4Babies otes to the Financial Statements for the Year Ended 31 December 2023 7 Gr4nt-makinE Analysis of grants . Grants to Indlviduals y¥w¥ 2023 2022 AnAlysls Support given to Fainilies 209.335 110.313 Assistance given to families on low incomes ro proceed with treatment for children with pl￿10¢epha[Y or brachycephaly. 8 Net ineomRnEl•ut20iTrg resour¢es Nct loutgoingllincoining resources for the year include.. 21123 2022 Other noi)-audit services Depreciation of fj.xed #slets 648 648 9 Trustees remuneratÉon and expenses Durillg the y¢ar the charity made the following transactions iyith trusrees= Mrs K S#ieh Mrs K Saich received remuneration of £4,800 (20??: £4,800) during the year. At the balance sheet date the amount due to Mrs K Saich was £Nil l?0?2.- £Nil). 10 Taxation The charity is a registered charity and is therefore exempt from taxation. l Tangible fixed 85sets Furniture and equipment Total Cost At l January. 20?? 465 465 Ar 31 Decembei. ?022 465 465 Page 17

Headstart4Babies Note.$ to the Financial Statements for the Year F,nd¢d 11 December 2023 Furniturt and equipment Total Depreciation At l January ?023 Chaige foi. tlie year 460 460 At 31 December ?023 461 461 Net book value At 31 December ?0?3 At 31 Deceiiiber 202? 12 Creditors: amounts f311ing du¢ within one year 2023 2022 Trade rffiitors Ac¢ruals 1.364 1,785 13 Funds BAlan¢e at I January 2023 IrtLuming resources Resourtes expended BaI#n¢e at 31 December 2023 Unrestricted funds General 77,7081 ?07.?061 ??4.1.$4 Balance at I January 2022 Incom5n% i'esourees Resourcts expended Balamee at 31 December 2022 Unrestricted funds General 97.193 103,174 122.659 PagL 18

Headstart4Babies Notes to the Financial Statements for the Year Ended 31 December 2023 14 Analy$is of net assets between funds Unrestricted funds General Totsl funds Tangible fixed assets Current asseis 62.1?0 l.i64 Current liabilities 1.364 Total net assets 60.760 60.761 15 Analysis of ￿et fuTrds At l J¥nuary 2023 At 31 December 2023 Cash tlow Cash at bank and in hand 79.067 116,9471 Net debt 79.1)67 (16,9471 Page