L'ompany regyigtration number: 05328774 Lliarih. Te&yistration Mumbei". 1112256 Headstart4Babies (A ¢ompany lin]iled by gu•raniee) l.InaudT*ed Annual R¢port and Financial Statemenis. for the Year Ended I l De¢emb¢r 2024 Headstart4Babies Contents ReferenLe and Adminislrutive Detai15 Straiegil Reptsrl TwstLL'8' 3ti)4 Slatemeni of. Trustees, Re¥ponsibilities IndLp¢nd¢nt L'xaTMiI)cr's Rcport Stateineiit ot Tr inancial Aclivitie5 BdlanLe Sheet Nc)Ics ts) ilic l inancial Stat¢ments 41to 19 Headstart4Babies Reference and Admini%trativL' Details Chi¢f xeeutive oifieer Mr P Saich Trust￿$ Mr P Saich MYS K Saicii Mrs S F. l.811in Mrs R Mcade S¢¢relarv Mrs K 8ai¢h Principal C)ffice 54 Woodfield Ldiie L(>wer Liimbouriie (;anihT'idgeshire LB23 6DS CompqDV Regislrxtion Nuinb¢r 05318774 Charity R¢gistr*tion Nlll￿ber 1112756 Indeptndcnt Lxaminer Weir Assoclates Ltd Al lia l,litu￿ BLisine%s Centre Kings 14edg¢s Rthdd (.'4mhridge C134 ?HY HeAdst2rt4Babies Strategic RL'port for the Year Ended 31 Deeember 2024 I'he tn5S'tees, who are dirLxl¥)r.4 for ilie purp(Ises of ¢DmptiM)." law. presei)t Ilieir 4tr4iLegie rep()rt r(Ir thL vL%w enLled 31 Deceinber 2024. iii compliilnce with 414Q. of tli¢ Companies Act 20LIO. Achievements And perfornignc¢ During ?0?4, NYL. L'XPLYiL'nccd a COllSlSILiii Icvel of applications for funding *rom tainilics. whiLh wc werL' able ro fulfil dcspitc 0171yoiiig challLiises witl) fundraisin{. We were plLasLd to continue ti) providL 8UPPOlt to a SiLinifiuanl numbLr of fdintlie% acrL)ss the IJK, drawingi wliere nece4sary ()n tlie re￿￿'e5 biiilt up 0￿er prei.'iiius yeai'4. IAle ¥vere also able t(1 offer help and advi¢e lfr frainilieg, many of ivhoni underrook their own fundraising to n)eet ihe co8t of rli¢ir lielinel trcaÈnieFIL. Our rLlalionyliips i¥ ilh all IIIC LliniLs olYcrin¥ Ircatmcnl rcmain slroilg and Ilicy conlinuL tu poinl fHniiliLs iolvards us fvr adviLC and lundiiig. To ensure thtsl ive Lan hLlp as many I￿￿111t5 as POS5ible we're conimiiied to buildinL' and distributing lh¥ fur)d and 11> olTL'ring inL'Teased IcvLls uf support w17erever wc can, Thl Lhdrily is Still developing a nLh' w¢65ilc and 15 pIHnnin&T lo imprc)ve it5 social mLYlia presence I'o SilPPOTI aiyarvniqg riiisingy ¢VLn rth¢r. As ever. He rcmain deicrminLd t(> sprcad Ihc i%ord al)t>ul plabyiacephaly aiid to aSsi￿t a5 niHny taiMilic¥ &8 P049iblc l() pr￿)￿d with helniel treutment Mpher¥ it is needed, I'lie truste¢4 liavi, a dutv to identify, aiid r¢vi¥W th¥ risks to ivliiLh thc Lliui'ily is L'xpos¢d ui)d lo ei)sur¢ appYoprial¥ coiiirol& ar¢ in placc lo providL' rL￿oI)ablc assiiranc¢ aJinst fraud and t￿.￿r. Tlii 4tr4l¢giL rep()ff was approved by the iru5lees of the charil), on .If. l.1[2*tl- und 5igne(l 011 ils behHlf'bv: Mr l? Saich C.hiL.I' F,xeciitive Officer and Tnistee Pa£e ? Hexdstart4BAbies Trustees, Report 'I'he Inislee&, who are dirL'Ltor& lor 11)e pury>i)%e.% ut. Lompan¥, law. prLs¥nl IhL anilL￿1 repori tugelh¢r wiLiI the financial stdlL'ments o* th¥ cliaritabl¥ companj. for the )'kar ￿ded 31 D¢cemb¥Y ?024. Ohje¢tive$ 9nd activilits Hcadslart4Babies is a ¢hsLritable organi8atini) whicli ainiE tn raise aw'aren¢88 of plaLiiocephal)' 2nd br&ehyceplial!. As ￿'ell a8 2ncr¢ft8inLi tlie profile Of boili ¢ondilions, ￿'C okTcr suppoIt, iidN'ice ￿d, where reqiiired tu)d fiindq perniit: tundinby ti)H'ard8 Ireatnieiit to tamilies wliose babies are Jft"e¢i¢d. We also aiin to work w'itli NHS protessionals I educat¢ parents alioul ways in wliich plagioc¢phalk and br8¢hJcepl)aly can b¢ 411eviai¢d and 10 inti'i)duLe boih healiii M'"orkers urid IldrL'iil4 Ici thL' benlfiis (Il. helTnLI Ili¥rai)_%' loi. l)abie.5 ivith s¢ve¥e as)rynmeLry'. Our l(IllblLr-lerin obJecti￿-¢ i& lo persuade the NHS ts) enibraLe arid ofier frLC IrL'aLmLI)l across Ilie UK Publi¢ ljeiielil The trusl¥es Lullfirm thill thL'y havc LOITipIiL.d M'ith ilic requirLinLnls Ol'b￿LI]vll 4 of L17L ChaTiliL¥ Ali 201 I to have (lue regard 10 tlie public b¢nefit guidance piiblislied b), Llie Cliarity Coniniission foi. EligI￿ld iuid Wales. ¢ru¢¢ur¢) %tsv¢rnanLt and mxiiugement .N'ut#re ofgoverning dnciime•t¢ The chariry is coi)Irolled bv its goveminE docuin¢ni, & deed of tnsr &Iid constitutes & limit￿ conipany. litiiited b). gUiir&il¢L', ds dLfinLxJ by thL CornpdliiLi? ALI 2006. ThLi trustees hill'L a duly ro iLl¢niify and reviLw thc risks lo whiLI) d)e cl)arity' is Lxposed and to ¢nsurL appropTilItLi &r¢ in pla¥L' lo providL rL'llsvnablL assurunL'L uuainst fraud uncl L￿Or Financl#l ini*trumeni4 ObJLieliveJ" undpiilii'ie,y The 4huril) 5 d¢lFVities c.xptisc it Iv d nuinb¢r ot. hnilll¢lBI risks iiiLludin¥ ¢r¢dil risk, L'uyh Ilow risk" and liquiditv risk. The iise orrinanLilll derivalives is Euverned b> the chariiy's poliLies approved by the ol'lni%ltes, which pl.0￿ Edc wrillcn prinL'iplLS on ihc usu of finanLial dcrivalivL'S lu Jnana¥L Ihcse riyks. 'lThc ch4ril) do¥S noi use LILYI￿.￿lIV6 linanLial instruinents for spe¢.ulatiN'u purposes, Cash Jlow ri&k l-he cliaritv's aclivitikns exp(L4C il primuril>' lo ihc finanL'.iEJI risks ()fchanuye.% iii intere￿[ rule%. Iniewst bearing #￿et8 and liabililiGg held Jt fixed rdte t() ensure certaintv of e4L5h tlows. Page 3 Helldstart4Babie Trustees, Repnrt C."iedii riwk The charity's principal fitiancial assels are bank balances and cash, tradL dnd oihL'r rcctivablcg: and ini'eslnienls. The iliarily'% LrLdit ri%k 1% primarily attTibutahle to lis trade receivables. Tlie an)ounls presented 'in ihe balance sl)eel are iiet of iTrllowari¢¢s for doubiflll rec¢ivJbles. Ali al1vNTri￿¢e for iinpdirmcnl is iiiade wlier¢ there is ali ideiilified loss eiieiil ivhidi. bdscd on previnLLS experi￿]Ce, is eN'idence ot a reductioii in tlie recoverability ot. tl)e Casl) flows. Tlie credit risk Dn liquid lunds And d¢rivatiN'¥ fiiiiinLi￿l in¥trLimbiily is liillilcd beLaii%L' Ihkn L(JUI)tLlPilrties are bt)iik% high crediL-ralii)gs ds&ign¢d by internati(Inal creiJit-ratiT]Li aLiencies, l-he Lharity has no signiticani ¢on¢enlriltion of ercdil risk, ii'itki Lxposuf¢ spread over l¢irqe iiwJb¢r of count¢rpariiLS und Lusluiiiers. Liquiélity r&¥ The ¢liarity ¢urn'nclv holds suifi¥ieni Lash dL'posiIs to uovcr (Trng(ITng u￿ratIonS and lulurL dLveltspmL'nl5. 'IhLTe is nu rLqLsifLinLiil for Ihe use of. lonbi.l¢rni vr sliurt-lcmi d¢bi finance in urder 10 m8iritain liguidil), 8t pi'esei)t. Fiirtliei. dLlails rcgiardiiig liquiditv risk can be found in tIIL Stalcni¢nl ol. accoui)lin8 poli¢i¢s in tl)e fin8iicial Stilteinents. Thc I￿nU￿1 rcpi)rt was approved 6￿. the Inislees of tl)¢ chariiy on Mi. P SJich Cl)i¢f LxeL'uLiwL orriLer dnd .1 rus'tee Page 4 Headstart4B2bies Slatement of Trustees, Re¥pon¥ihilitie% I'he Iriisiees (who dre algi? thL dirLLI(Jr& (If Trlcad%fart4Bdbieg I'll(>wcd, $ubject ID any malcridl dcpdrturLS disclosed and Lxplained in Ilie liiiancial slatemeiits. and prLpuTe IliL I'indllCl£il st'dtenieiils Ilie giling conlem babiy unless il Is inappTopriHl¢ lo presume Ilial th¥ chai-itaEile collipanv will continue. in bu&inLt45. The tr11stees are I'esponsible for keepinLY adequate &LCOUllling rcL'ord8 Ihal orL1 4111'ficient 10 9hnw cxplain tlic charitable compdlll % Ir4in.S' C.ornrniysion undcr SLLIioii 145(5)(b) of IhL 201 I ACL; al)d tn sla¢e wliei11er parlicular Inatterg1)ave coin¢ to tny atrention. Bisls of independenl t1￿Miner'S report Mv eximiii]ation ￿a$ carried oiit in aLGurdanLL willi thc general T)irection5 g7ven by the C,huriLy Coinmisbioil. Ali ¥xaininalivn InLluilLS a rL'viL'iv of the aLc(iunling r¢curds kept by the churii) ￿ld a loinparisoii of a¢¢(>Lirits prL'sLmtcd with those records. li also incluLles Lonsidcraliuii lif Uny LU]usual ILL￿15 or disLIosurtts in the acLOLiiIis, anLI seeking explanali011s ITulli Yuu d5 trustLL% Cl)IlL'eniin5J anv %ucli Indllerq, The pi'oLedures undwLthen do nol providL' dll ihe evidenc¢ thJl would be required in Hn audit and Lonseuuenil>' n(> Lipiniun is given as lo whether the aL¢ounls present a 'trLLe and lair vilw and thi rcport is lirnilcd to Ih05L n)attLfs SL't oul iii thL t>tstcmcni bilow. Independent exAmlner's stst¢ni¢nl In COnn￿lI0n witl) m>, Lxaminali01i, TJO ThattLr has ctsm¢ lo Iny Jltenlion,. ( l ) M,liicli 8ives Ine reasonable cause to believe ihal iii any matLYial respeLI tlie reqiiircinents.. lo keep accounting records in accordance with section 386 ot, the Cornpanies Ac¢ 20()6: and to prep￿re llLLOilI?ty whicl) dCLord with the 4L¢ouniil￿ records, tyjmply witli tjie aC&oUnlU￿ requirements of cctiun 396 of the L.'on)P1c nies Aci 2006 and willi Ihe methods dnd prinLiples ofll)e Siatemenl ul'ReLommended Prn¢li¢¥- AL¢'ounliii¥ and Rcponing by Cli&rilie.4 I1￿1Ve not b¢¢n Inel. or (?) to w.hich, in m).. opinion, allenlion shi)uld bc in nrdLr ID en{￿ble proper iJTiderslAnding ot Ilie accounts lo bL rLached. Wcir AssuLidtL'Y Alliii Firtures iliisiness C;LiilrL Kin¥J% Hedges Road C"ainbridge C￿1 2J4Y Page 6 HeAdstart4Babies Statement of Financtsl Attivities t'or the l'ear Ended 11 December 2024 (Intluding Incomt, and Expenditure Account and Statement of Total Rccogniscd (yains and Losses) UntTStTi¢led funds Tot41 21124 Ntslt In¢ome and EndowmLhnt$ froni.. Donuliuns and ILgTaLies InvesimLmi inconie 79,260 484 79.260 484 "I'otdl Incoine Eipenditure on: Raising. fv1)ds C'.hdritahle actii'itieq (3.71)1)) 91,5401 (3.700) 91,540) -£95,240 11 S,496 Toial F.xpenditure -195 ?40J..... Net e¥peiiditsire Nel iiiovenieiii iii fiiii(Js 115.496) 111.491)) Ke¢Trncilintiun of fuDds I'otdl tiinds brought forward Total funds carried t'orward 13 Unr¢slrlcted nd 2023 lnr.ome Endownient5 Irom.. Dunali<)ns and legyaL'ies Inyeslmcni inLoni 211C),6)( 2(K),636 .570 Tolal IiJ¢ome 207 ?nfj F.Apendll'U￿ oll". Raisii)q fiJnd8 ('haritabl¢ activities (.fj,754) (218 .399) (.5,7.55) 'I'otal F xpenditure 12 J, l.f4) Net eTpenditiire 116.948 NLI ni(>i'emL'nt in funds (16.948) (16.948) Rvcunciliatiom of fundb 'lotal tiinds brouLiht foiivard 77,708 77,708 I"c)tal lunils carried toThaTd 60.760 Al l of the cliarity's activitie% derive frliin continuing operution.< durinLy the abO￿e t￿,0 period%. The liinds breakdnwn fnr 2024 18 iii nfite l 3, Head8tart4Babie (Registration numbtr: 05328774) Balance ,Sheet as at.11 Decenjher 21)24 2024 21b23 Fixed assets '[ an&yible assets Current as.$et c.ash ai bank and in hand 46.906 02.1?0 Creditors". Amounts fMIIiDg wltbin oft¢ y¢*r i? (1,364) riel turr¢nt aysL'I8 4.S.261 (JO.7.5fi Nel assets 45.264 Futtds of the charity: Ilnrestrlcted iM¢om¢ thnds Unrestricted ftinds ()0.7611 I'ot*l funds 13 6n 7CIO F or d)e linonciul y¥ui' Lnding 31 DLCLmber 2024 the Lhui'il)J wab Lnlilled Iv ¥Acmpiion li'om Mudii und¢i' S<'¢lioii 477 of tlie Comp￿1]￿11 Ael 2006 rllating to small compaJ)i¢5. Directors, re8poI)$ibiSities: llil membLI's Iiav¥ iiol rqiiirLd th¢ charity to ubthin an audit of iits 4LLoiints' for lh¢ J'¢a)' iii qu¢%Lion in aLcui'dunL¢' w IIII SknLtiuii 476. Jnd I'he direct()rs ackn(Iwledge their responsibi lities fnr ¢nniplviii&T Nl'ith the requir¢nienL% lif the AL'I I￿111) rL'%pLcl to a¢counting records dnd the preparqlion Df accDunt%. Tl)e$c accounLS have be¢n prcparcd in accoTdance witli tlic provisioils applicable lfr L(Jmpanie8 suhjcct ti) thL' 8mall companies regime. ThL' Iin3fiLidl 4tatein¢nts on page& 7 tci 19 were approved hy tlie tni%tc¥s, und uuilioris¢1I for i%%LIL on . an(1 signed on thLiir b¥lthlt by: Mr P Saich Chiet F.¥ecutive C)Ifi¢er and T￿￿tee Hexdstart4Babies Notes to the Finxni'ial ￿t￿tem£'￿t5 for Ihe Year Fndcd .11 DeccrnbL'r 2024 I C'hrdrity st*tus TiiL' ch81ity 14 a uharity limited bs, quarantee and coz)s¢NuLnily does not hai'e sliare capital. Eacli of the truslLYs is liiible lo coiilribiilL' uii uinounL nol LxLLLdingi £ I towards the ak8Lls i)I'lhL Lhdrit), in tlie ¢￿ent of li4uidati()n. 2 A¢countin2 polieics SuminAry of significAnt accountiJi% poli¢ics ke) accounting estimate5 Tl)e principal a¢counting policies appl led in the preparation ot tlieqe tinanLial st1( tem¥nlA are set out bel()w. ThL.4e poIiciL.s Iiav¢ bcLIi coiisistentlv applied to all the y¢ars preseiit¢d, unless otheN'is¢ slat¢d, StAtement of eompli4ttee The tinancial slalements have been prepar¢d in aLcurdanc.¢ witli ALcouniing Reporting by Cliariiias St81enieni of RLLI)ninicnJed Practice aiiplicahle tn clwities preparing their accounts in accordance with tjie Fin&nL'ial Reporting Siandard applicable iii the U K and Republic of IrelLmd IPRS 102) (efteelive l Jai)Llary' ?0 l S) (C'liariiies SORP (FRS 101)). Ilie Fiiiancial Repo￿111& Standard applicable iii Ihe UK and Repiiblic of Ireland (FR% 11121 and tlie C,ompanies Act 2noo. B4$1& of pr¥p#r#tlon Headslart411abi¢s Ihe dtyfinilii)n of & public bcncfil cnliry Linder FR% 101 Asscts and lial)ililiLS arL iniliully recosnibed dl hisli)riLal Ll)sA i)r tranwtion value uiiless other¥S'ise sLiled in Ilie relevaiil a¢couniing pr)licy notes. Going L'Dncern The Irusiee8 cons'ider that Iliere are no in&¢erial uicertainties dboul the charlly's ttbilily to c.Dntinue as a going n¢em noi. An) si¥niliLanl urLu¥ i>funL'ertainly IhuL afi¢¢l the Q￿Ying¥ valu¢ ul'ass¢ls held by th¢ chJrit)', Exemption from prep*Yittg a tasb flow statement Thu eliarily npled tD earlv ildnpt Rulletii) I i)ul)lished on 2 Febnjary 2016 and hiive therefore not incliide th¢ fund.8, thL iiiconic 18 dc(c￿ed 811d not recogiiised until either those b017ditiDn% are full} tnet. nr tlic liiltilinent ot tlinge cDndilioiis 1.8 wholly ￿'1th[lI d)e conlml of tlie cl)EJriti' tu)d it i.s prob￿lbIe th1< t these condifioiis ￿.111 be fiilfilled in the reporting period. Inve.Ilmenl inerfjme DividLnds are TecDbynised once IhL dividend haq been decl8red and notificati(Jn lias been received Df tl)e dividend du¢. Page 9 HeAdstart4Babie$ Notcs lo the Financial Statements fthr thL' Yethr Ended 31 December 2024 E%penditMrt Al l LxpendifufL 1% Ttcognised once there is a legal or constructTve obligdtion to that expenditure: It is pn)bdble sciil¢in¥nl i% required and the wnount can be n)easured reliAbl>, All costs are allocated to Ilie applic&ble expellditure h￿d(Ag that A8gregat¢ %imilar cv.4ts to Éhiil Cdlegory. WTheTe Los15 Ciinnol bl. directl> attribui¢d 10 partiCLilar he&dingrs the! hal'e beeli allocated on A basis consisteiii the use of resoiirces. wid) cetitral statl'costg Ill()Ldled on Ihv l)asi¥ ol. Iiuie S￿IlL. dIi¢J d¢preLialiun L,hdr&iLS alloL'dlLd cin IhL' porliuri of IhL assL%l's Ub¥. Other siipporl LosI¥ drc all￿al￿d based on Ilie spread of sthtT costs. These al'e costs inciitTed Tn ÉillraLliii&i voluiilary incoine, Ilie niaiiagyemeiit of ini'e5tmenls and those incurrtil in tradiiig activities IILit raise fund5. C'hapilable rtL'livili¢¥ CFJaril(Ible e.KpendilLire Lvmpri.%c% Ihubi iVbl4 in¢U￿L,￿ by charily in Ilic dL.liNLY)' ul. ils aLtiviliv& anLI scrvi1¥s lor il% bLnLfficiaries. It iniliiJes bL)Il) custb Ilial Lan be alloLaLed dtreLily Lo SULh dLlivili¥s aiid diose (osls ol. aji indireLt Ildiure nec¢s5ai!.' lo sup¥Y)rt ihcm. Graniprovlslon.s Provisions foi. granls are n)ade w'h¢n IIIL iiilLmlii)n lo Inakc a graiil has bLcn Loinmiinicaled to thc rcLipiLni bul th¥r¢ is unuertaintv abLlUt either the liining of. the grant or the ainount ot'8rAnt pa}'able. Support eosts Supp)rl cc)sts includt ceniral fvnctions And have been o11o¢.aied to acti￿lty ¢o#t ¢ategories oil ft bAsi.s consi$tent with the use of resoiirces, for example. alloeatinB property cosls by floor area4, 1)r per capila. statl cos18 h), tliu lime spent and ftll'ityr L'o.sts by Ili¢ir usage. Tli¢str in¢luiJe the Losts attributablc to the chariiy's i'oinplianLe with con51iliilion¢il l￿d slalulory reLiuircillenls, inlliiding audit. straiLgiL' lndnaiycmL￿l an<1 iru%tL¢s' Ineeling.% %ll)d rtyiinbiirged ¢%peiis¢s. 'l-he cliarily Is LOnSidLred lo pass the tests set out in ParF4%rapli I Schedule 6 of't]i¢ Fitiance Act 2010 aiid tlierefore il Irie¢ls Ilie deLinilioii of a L118rilable LDTnpdn}, lor I,'K LVI'pofdlioTI IAX pufpv¥L'S. t*LLordirigly. thc ¢lidrilv i¥ pol¢liti￿lI} cxciiipl fr()In tJxalioi) in respect uf lliconie or iapital gdiiis r¢Lei¥ed wiihiii Cis i¢g(pries co&er¢d by Chapter 3 Part I l of Ikle C4)rpor4lioii'l'ax A¢t ?010 or S¢Llioii 250 uL-Ih¢ l ilXOlion OL Lliar¥edble tiains ALI I Y92: to tl)¢ cxieni Ihal such inconie or bTain8 aye appliLd exLlu%ivel> l<> cliarifAhlL* piirp04eg. T#iiKible lixed a¥¥et IndiTridual fixLd ak4L£4 arc iiiitially recorded at cost: less arLy subs¢qu¢nt a￿￿n￿lated d¢pr¢¢iarion and siibsequ¢iit aLLumulaLed inipairirienl losses. DepreciAtion ond *mw)r¢is*¢ion tkpreeiatioh is PlL)vidL.d ()n l&nsriblL fixcd ag%L*% %() ti) write ntl-the Ll>4t or ￿alUatI1)ll, les% dny estimared residual valuL: their cxpe¢ied u%ctul eLonomiL life &8 f(?IIow8'. Asset cla Plant & Machinery, Depreciation method and rate 2%[+,￿ Reducing balance PRge I Ileadstart4Babies otes to the Financial Statemenlg for thL, &"ear F,nded.11 Dcci:mber 2024 Cash amd eash eqllivaleiits L.'ash dl)d cJsli ¢quiv*lents coin￿lSe ￿$17 on band É11)d call dep)8it.s, and otlier ihnrt-rcrni hlghlv liquid iiivestmenrs tliat are readily conv¢rtibl¢ lo x known atJi(iunt of casli and subject to an in8ibvnificanl risk. of clianEe value. "rrade eredilors TradL Licdilors arL ubligaiions lo pa). for ¥uods or sLrviLL'S ihat hxvL bL'L'll dL'(ILiinxi in Ihk ordinaj?" LOUtsL of busine%5 fTum siippliLY5. AcLounts pa>'able ar¥. ¢lassiliod us Lu￿￿111 liabilitie5 if Ibe Lh&rity ni)I hJvL an unconditional riglil, dt thL Lnd ot-tlic reportinb peric)d, to deter si.Itlen)enl ot diL' cr¢ditor for at IcdSt twelvc nionilis aftcr Ihc r￿p￿rti71&y date. If thLre iq an iinLnnditiDnal riJt t(I dcfLr stttslemcnt ttsr at l¢ast hvelv¢ months artcr ilic reporting date, tliuy arL' i)re¥cnlLd as non-cU￿￿ni liabililiL.4. 'l-rade crL%dilors are r¥L()gnised initially at th¢ tr￿S&ClI0n pri¢¢ and subsequently in¢asured al aniorti5ed Lii%l IA4iTig the eff¥¥live iIileiYsl Ineihod. IlorroiTringy InlcrLSt-beariiig borroM'in&FS arL' initially r¢¢ord¢d al fair valu¢, iiel of trans¢iclion Loyts. Iiilere4t-bciiriiig hrpl'rowings urL' 5ubsLqULnil>' L￿TriL.d at an71)rti%cd L()%t. witli thL, difti'rcncL bLtWL'Ln thc pri)LCLd%, ncl i)I'tr￿)%aLtIi)n LllSt¥. Jnd the aTr)ount due rjn i'edemption being r￿OgniSed ¢11 a charbye ro the Stateiiient (>t I,"ii)ancial Activitie over i.lie iieriod of the relevanc borrowuig, Inlcre&l Lxp¢ns¢ is rcco￿lIScd on tlie basis of tlje effective interest inethod ￿)d is included iii interest puyabl¢ and similur L.1)￿rge$. ntTOM'ings ar¢ classified as ¢uri'Lnt Ilabilili¢S uiIILbb ￿7¢ charil}' lU￿- an unoonditional riRlil lo d¥l¢r setil¥i*¢nt of thkn liabtlily lor ot leayl twL.Ivc Inonihs dfter thL reporting dale. Fund structure Unre5ts'iLILd inc()me liJiid5 aiL' general lii?Ids Ilial, 4ire dvailable f()r use ' allcr dLdiiclin8 dll ot. ILS liabilities. Pag¢ll HeAdstart4Babies Note5 t() the FinAncial Stktemenls fi)r the Year EndL'd .11 DccembL'r 2024 Recognition ttttdme(uur¢menl All financial assets and liabilities are initially inea.surLd al trans8Ctian priLC (includinbi iransaction costs}, except rvr Ihi)sL. financial assets classified &$ at fair N'alue througli profit or loss. w'hich are i'nitiallj rtieasured ai taiT value (M,l)icli 14 111)rnially Ilie transavlivwi priLe exLluding IrJ115ai'liori Losl%), unlcss Ilie alr￿geine￿I consliiiiles a liiianLlftbY trdiisaLtion. I t'ali 3rrans¢i?i¢nt constitutes a financing trA115action, Ilie tinaiicial assel or Iinancial liabiliTh' is mc£*%ufLd ai the prcqeiit valuc L)t tl)¢ fiitiirc payments di8￿U￿ted at J mark¢t rate fit intere81 for a %in)ilar debt instrun)¢llL. Fiiiancial assets and liabiliiies dre only off4el in Liie sidlemenl of financial posilinn when: drtd oiilv wlien there eXlS15 d Ilgially enli)rLedble i'ibi)t t(> sel i>tl-the recoginised ani()unt.4 aiid Ilie charity intend8 either t() %etile un a nLI bosis, or to reali.qe the IL%sel and settle the liabilitN' .siniult&neouslTr, Financial a88et8 are derecngni4ed wheii and only wheii a) the Contractual rikhts ITh tlie e&sh flthws trnin the finan¢ial ¢ $8et expire or arc .seiilcd, h) IhL Lhdrity trnlisfers lo anc)ther pait), suh.%lantiilly 411 ot Ilie ri4ks dnd rLwards ()f ownLTship of tlie tiiianknial osset, or c.) tlie charity,. despite haviiig rerained soni¢. biit not all, $7giiifi¢ant risks End rew4]rdg of 0￿￿ershiP. lin is nol ¢otitingent on fiiture event8 otlier thw) (l ) a cliange of a coiitr&¢tual vari. ki Lentral bank Dr arisinb) from LKinb)cs in relevanl taxation or law OT (li) tlie iiew rate is a iiiarket rare of interest and satisfies coiidition (a). (d) 1'1tcrL IS 110 Lontractiial proTrision tliat Lould, b>. its tcrms. resLIIt in th¢ liold¢r It)siii8 the priiici￿I aniount or aiiy interest urtribiit4blc io ihe ciirreiit period or prior pcriods. (e) ( oiitra¢liial provisions that pemiil the i55uer to pre,pa)' a debt in8tNment or perniit tlie li()Ider tu pill IL baLk i() the issuer befc)rL Inaiurily are iiol Loiiiing)L'nl on futur¥ event8, other Ihaji lo prniect the linlder a￿731n91 the credit delerii>raliThn of the issuer or a chanble in cunlrul of the. i4411er, or iu prnleLt thL. huldcr or i4siier against chan&)e4 in levies applie4J by a ￿￿traI bank oi. arisiJig fr()Ir] Llianges iii rel¢vant laxaii()n or law. (f) l.'ontracnial prnvisions may pennit the e,Yters.qion of the terir nf the debt Instr￿me1)t. proi'ided that the reiurn 14) thL. holLlcr and llny nthcr cniilraclual pruvi4ion8 appl iL'able duriiig the extended term satisfj, r.he cnnditiniis nf parau)rophs (o) 10 (c). DL.bi inslnJmL'nts Ilidt urL' Lldysili¢d as paydblL or rL'LLII'&ible ￿'ithIn onL yLar un inilial recogiiilion and whiLli Jn¢k the ab￿,¢ cnndilion4 are measui'ed Jt tlie undiscnunted J1noiint ot tlic Lusli or oihLr Lonsidcraiion Lxpected ts) b¢ paid or r¢LLiN'e.d, nei ol". impairiment. With the ¢xLcption of some lied8tnb> irnstnllneiits. other debt 1118tniment8 nol ine¢ting the,Y conditioni arc mwured al tair value through profit or Ioss. ("¢)mmitments to make and receive Inan8 which mL*t the L'Diidili<>ns menlioned above are measiired at ¢08t (i¥hich niay be iiil) les5 imp#innLnt. Jnve,slmeftts' Intrestmeiils in non-converlible preference shares aiid noii-puttable ordiiiark or pr¢lerencv 5hiire5 llihcYL shdres are publicl}. traded or tlieir lair value is reliahly nie&surable) arL' ITILaSLired at lair value Ihroiigh protit or lois. Wliere tair i'alue ¢atiiiot be meaqiired ￿liabl>., iiivestn)ents ait ni¢asui'ed at co8t lels impainnent. Investinen15 In subsidiaries nnd aSs￿lateS are measured at LOSt1¢95 iinpairm¢nt. FUT invcs1menis iii siibsidÈ&ri¥s acquired tor eohsideration iiieludiLig die issiie ol'sh2res qiialift'ing tor merger reliet-, cosi is nieasured by rLfcrcn¥ In the iiorninal valiie of the shares issued plu% fair value ofoLhLr LonsidLralion. Any premiiim is ignored. Pa￿Tre 13 HtAd8tart4Habies Ni>te$ tiTr thL' Financial Statements for the YL'ar FJnded 31 December 2024 Deriiyoliy¢finArtcial In.Ttruments DLrivalivL8 ar¢ initiallj I'ecouynised ai f2ir v31u¢ at tlie. dat¢ a derivative contract is entered into and art subsequei)Ily le1nL￿SUred Lv thLir fair k'dlue dl ¥aL,h re￿rtilI&j dale, The r¢8ulLing gain or108s is reLogni.8ed in stdleinent ot. linaii¢ial activitie5 in)Inediately unless th¢ derivative is designated 1( nd et7eLliite as ¢1 liedging instruinc)il: in w'hich ¢v¢nl tlie tiniiiig of tJ)e reeog#itior) in slatcmcnt of finanLial activiticq depi'nd.% on thL nllttirc of tlie Iiedu)e ielaiionship. l-he ¢I￿rit}. do¢¥ not Iiold or is%u¢ derivalive fiiiancial int>trunients fur spetiulat7￿'e Purp￿se8. Fnir valiie mgu)'HrÉmenl TIIL I)c51 ci'idenLe of fair valuc is a quotL'd PiiLL l.or idcnlical a5ycI in an actll'L markLt. IVhLii iiuuicd PriCLS are unavailable. thu priiL of a ILcLnt IrÉin%2Llio)n for &in idenlicnl assl't provides ei.'idenc¢ of Lliif i'dlui, ab longf 1115 tlicrL' lias nut a Si&Tnific'ceph4LIy 114,R55 ?17.695 184,855 (2023 - £209,335) of tlie abov¢ ¢xp¢iidilur¢ was 4ltributubl¢' lo unr¥stri¢l¥d fu)ds wid £Nil {202J - £Nil) lo resiriLtLd funds. Page 15 Headstart4Babies Ni)tL% ti) the Financial Statements f(Ir thL. Year F,nded 31 December 2024 .4nalysi£ Of goi'erman¢e and support CTh5ts Cliaritable 4ctivitie$ e¥penditur¢ Unre4tricted funds Totjl 2U24 Tntal 2023 BAsis of all¢)eatinn G¢ner41 Raise awareiies5 of i)lllgiocephal)' 8iid brach)'cephalv 6,685 6.685 9,064 Support ctists alluLated to Lharilahle 4r¢ivities Governancc. Administratio Other sup￿rI costs ¢os¢s 'I'otal 2Q24 Tolal 2023 Basis allo¢atlon Raise awar¢noys' ol, plu¥ioccphdlJ anLI briiihy¢£plialy 715 114sis of #lloc'mliort Reference Cjovcrnance Cn$l Method nf AlloLatinn iaver17an¢e AdTninistri*lioii C(IFits Titiie Spent Other Support Losls Timc 8p¢nl GovermanLe cusl Unrg5tricted fund5 I'o¢AI 21123 (Jeneral 2024 Allucated 5UPPOrt co4t8 715 704 Page 16 Ileadstart4Babies Note$ to the Fin￿￿¢1#1 Statements for thL' Year Fdnded.11 Deci'mbcr 2024 7 (Jrané-making Aiialvsis %r4nts lirant8 In inilii'idu#ls 2024 2023 Allalvsis Suppori ¥iven lo Faniilies •(Jl). J J5 Assi&lancL gTiveTI to fainilies on luw incomes to i)roceed willi Irealmeiil flir Lhildrcn wtlh plagiocepltslv or bra¥l)y¢ephalw. 8 N¢t ineomittgloutgolng resourees N¥1 (outgoin&yS'incoininby r¢5011fL'¢S for Il)e yeur include., 2024 2(b23 C)ther iii>ii-aiidit %ervic¢8 D¢pre¢iution ol. tixcd dss