2024-12-31-accounts

LUMOS20 Every Child Deserves a Family 20 Years of Making it Happen Trustees, Annual Report & Financial Statements Lumos Foundatio 24 (A Charitable Company Limited For the year ended 31" Dec ,Gu-arantee):* ber 2024

Table of Contents Legal and Admlnlstratlve Informatlon Trustees, Annual Report and Strateglc Report Vision, Mission &Values Activities undertaken throughout 2024 Looking Ahead.. Our Vision for 2025 Principal Risks Financial Review 14 Structure, Governance and Management Statement of Trustees, Responsibllltles 20 Independent Audltor's Report 21 Consolidated Statement of Flnancial Activltles 25 Consolldated Balance Sheet 26 Charlty Balance Sheet 27 Consolidated Statement of Cash Flows 28 Notes to the Financial Statements 30 Lumos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024

Legal and Administrative Information Founder and Life President J.K. Rowling Trustees, Lumos Foundation {UKI Carol Copland, Chair of Trustees {resigned 19 January 2025) Kenneth Towle, Chair ofTrustees (appointed 19 January 2025) Nitin Pasricha, Treasurer Billy dimichele (resigned 21 January 2025) Jimmy Paul Iresigned 17 July 20241 Neena Gill, CBE Dr. Doreen Mulenga Usman Ali Neal Gandhi Rosanna Burcheri (appointed 11 February 2025} Elizabeth Lule (appointed 11 February 20251 Sophie Bridge (appointed 17 July 20251 Keith Schilling (appointed 26 June 20251 Zahed Kamathia (appointed on 5 September 20251 Chief Executive Officer, Lumos Foundation (UK) P. McDermott (resigned 12 November 2024} Howard Taylor (appointed 30 October 2024) Company Secretary, Lumos Foundatlon (UK) Chris Rossiter (resigned 22 February 2024) Jessica Walsh lappointed 22 September 20251 Registered Office and Principal Address: Lumos Foundation, 3-7 Temple Avenue, London, EC4Y ODA Auditor (UK) Saffery LLP, 71 Queen Victoria Street, London EC4V 4BE, UK Bankers (UK) HSBC Bank plc, The Peak, 333 Vauxhall Bridge Road, Victoria, London SWIV 1 EJ, UK Sollcltors IUKI Farrer & Co LLP, 66 Lincoln's Inn Fields, London WC2A 3LH, UK Website More information about the foundation can be found at www.wearelumos.org. Lumos Foundation | Trustees, Aiinual Report & Financial Statements for the year ended December 312024

Trustees'Annual Report and Strategic Report Vision, Misslon &Values Lumos exists to light a path to a brighter future for children. We're committed to ending the institutionalisation of children, so every child can enjoy the right to grow up in a safe and loving family where they can thrive. Named after the light-giving spell in Harry Potter, Lumos was founded by author J.K. Rowling in 2005. Lumos works to transform the lives of disadvantaged children by facilitating the end of institutional care for good. It does this in two ways: at a policy level to accelerate and improve the quality of reform in health, education and social protection services and at a practical level working with providers of children's services to demonstrate the value of family-based care, Vision: All children grow up in safe and loving families within supported communities. Mission:To realise every child's right to a family by transforming caie systems around the world. Values; Collaboration, excellence, respect, care and passionate. In 2024, Lumos made a significant impact on the lives of children in institutions and those at risk. All the targets in its programmatic work were exceeded. Lumos was highly successful in implementing all the projects we undertook. By the end of the year, all projects were on track. Each of our country programmes is at a very different stage in the journey to end the institutionalisation of children and the prevention of family separation, We are tailoring our contribution in each country demonstrating the huge repertoire of our expertise ranging for example, from the model of transformation of individual institutional care providers in Colombia, to the establishment of Early Child hood Intervention Units for children with disabil ities in Moldova, to the comprehensive models of regional childcare reform in Kenya and responding to the context of conflict in Ukraine. 2024 marked the beginning of the 2024-2027 strategy. The strategy has given us a very clear focu5 and ambition for the next fouryears. Our individual country, advocacyand thematic strategies are all aligned to our common goals. We also drafted ourTheory of Change for childcare and child protection reforms forchildren to thrive in families. 2024 was a year of significant change and consolidation for Lumos. It was a challenging period. The organisation emerged from 2024 with a structure that better reflects the central role that programmes and advocacy hold, as seen in the relative balance of resource tiSting towards our country programmes. Lumos also ended the period better prepared to adjust to and absorb external shocks such as the dramatic cuts in international development funding occurring in early 2025. Our in-country programmes have small core teams with the agility to grow to implement funded projects, and the two more consolidated programmes.. Moldova and Ukraine, obtain most oftheir funding from restricted funding. Liimos FoLindalion | Trustees, Ai)nual Report & Financial Statements for the year ended Deceinber 312024

In 2024, programming continued to focus on strengthening national care reform systems and enhancing child and youth participation and advocacy.Working on keythematic areas ofviolence against children, disability and inclusive education have expanded the reach of the care reform movement beyond the limits of sector-specific silos and created 3 foothold for our work in these related sectors in 2025. Collaborating closely with local public authorities, partner NGOS. and other networks, has enabled us again to suypass our planned targets and achieve significant results. Strateglc objectlves for Strategy 2024-2027: l . To prevent separation and facilitate the reintegration of children into families or family-ba5ed alternative care 2. To strengthen national child protection and child welfare systems 3. To increase commitments and action to accelerate global and national care reform 4. To amplify and strengthen agency and engagement of impacted children, young people and parents-care takerslthose with lived experience 5. To create a thriving organisation 6. To be a financially sustainable organisation Activlties undertaken throughout 2024 towards our strategic objectives: Colombla Building Stronger Faniilies, Protecting Children s Futures In 2024, Lumos continued its critical mission to transform child protection systems in Colombia, focusing on keeping families together and ensuring children grow up in loving, supportive families. Our work has been driven by a simple yet powerful belief.. every child deserves a family. In August, we renewed our partnership with ICBF (Colombian Institute of Family Welfare), marking a significant milestone in our collaborative efforts to reform care for cliildren. This agreement underscores a shared coinmitment to developing family-based care solutions that prioritise children's well-being and keep families united. Our family reintegration programmes made remarkable strides in 2024, directly supporting.. 114 children 89 families 2 key provider organisations in Bogota and Medellin By providing professional guidance and comprehensive psychosocial support, we've helped families: Develop conflict management skills Regulate emotions Access critical social services Create stable, nurturing home environments Our approach doesn't just prevent children from re-entering institutional care it rebuilds family strength a nd resilience. Liimos Foundation | Trustees, Annual Report & Financial Statements for the year ended Docember 312024

Amplifying Children's Voices Lum05 believes that the most powerful advocates for change are those directly affected. Our Youth Advisory Board IYABI has been instrumental in driving policy discussions and have: Addressed the Bogota City Council on family preservation Participated in high-level international conferences shared personal experiences to inform childcare reform Demonstrated the incredible leadership of young people in shaping theirown futures Expanding Support, Multiplying Impact Ou r partnership wlth Fundacion Casa La Chinca in Medellin represents a crltlcal expansion of our work. By providing technical support for their safe reintegration program, we're.. Scaling successful intervention models Sharing best practices Creating sustainable transformation in another key Colombian region Global Advocacy for Child Protection At the First Global I nter-ministerial Conference to Prevent Violence Against Children (EVAC 20241, Lumos.. Led discussions on family strengthening Highlighted the connectlons between in5titutionalisation and violence against children Advocated for incl u5ive, family-based care solutions At the conference, 12 remarkable young advocates from the Lumos Colombia Youth Advisory Board IYABI proved that age is no barrier to creating meaningful social change and made an extraord inary impact with their presentations. Sara and Julian, two young members of ouryouth Advisory Board shared their personal experiences and asked for systemic change. Their aim was to shed light on the challenges faced by children in care and Institutional Settings, and to advocate for a more compa55ionate, supportive system, During EVAC 2024, these young leaders: Engaged d i rectly with high-level government officials Led d Iscussions with the Colombia Vice Minister of Education and Minister of Health H ighlighted critical issues such as.. school Safety, access to higher educatioii for youth in residential care and healthcare barriers for children in institutional settings. The YAB demonstrated that when children are given a genuine platform, they become powerful agents of change.Their advocacy goes beyond personal experiences-it's about creating systemic transformation that can hel p countless Other children. At Lumos, we believe that the most powerful solutions come from those most affected by the challenges. By supporting these young leaders, we're not just listening we're ampl ifying voices that have been historically si lenced. L(Imos Foundation | Trustees, Annual Report & Finaincial Statements for the year endecl December 312024

Kenya Changing Live5, County by County In 2024, Lumos took a giant leap forward in transforming child welfare across Kenya. What started as a pilot in 15 counties has now expanded to 47 countie5-a massive milestone in our mission to ensure every child grows up in a safe and loving family. Our approach is simple but powerful.. work closely with government agencies, train professionals, and put children's needs at the heart of every decision. This year, we.. Collaborated with the National Council for Children Services Trained 139 professionals across national, county, and institutional levels Launched a nationwide care reform implementation strategy In Embu County, our holistic approach made a remarkable difference, as we.. Assessed 179 child ren {39Vo of those in carel Supported 80 families Helped 75 children116%1 transition to family and community-based care Giving Children a Voice We believe child ren are the experts of their own lives. This year, we.. Engaged with 395 children and young people Held 28 parent and child engagement sessions I ncreased u nderstand ing of tho harmful effects of institutionalisation A Continental Conversation Our work went beyond Kenya's borders. A landmark visit with the African Union's Committee of Experts on the Rights and Welfare of the Child paved the way for.. Continent-wide discussions on family-based care Potential policy changes across Africa A comprehensive guide of promising practices to be shared with AU member countries We're not just changing systems-we're rebuilding futures. By supporting families, training professionals, and amplifying children's voices, we're creating a Kenya where every child has the opportunity to thrive. Lumos Foundèlion | Trustees, Annual Report & Financial Statement5 for the yea r ended December 312024

Moldova Early Childhood Development and Intervention We expanded our successful model for early childhood services to four more regions across Moldova, helping prevent family separation and support children at risk- those with disabilities, and refugees. Key Achievements for ECD-ECI Medicor Project.. Improved Service Quality: Developed standardised procedures across all Early Childhood Intervention IECII Centres and worked with the Ministry of Health on new financing criteria Expanded Reach: Established a new Early Childliood Development community office, bringing our total to 18 offices nationwide Direct Support to Children.. 0 199 children under five received specialised i ntervention services 0 2,217 children received assistance through community offices 0 574 cliildren were visited at home by multidisciplinary teams Professional Development.. Trained 450 healthcare, social protection, and education professionals Family Support: Helped 147 parents through formal training programs, while 1,940 received assistance at community offices UNICEF Partnership Project Throu9hout this important project, our key achievements have been that we: Created 2 new Early Childhood Intervention Centres11 already operationall Established l O Early Child hood Development Offices Trained 260 professionals Supported 1,703 children through development offices Provided specialised intervention programs to 41 children Helped 1,446 parents and caregivers ProTAC15 Project This 8-month project focused on reducing discri mination against vulnera ble children and our successes included that we,. Partnered with 6 schools Engaged 200 university students, 80 teachers, 80 parents, and 201 school students Conducted 30 workshops and one summer school Distributed 450 copies of our "Book of Stories Featured two former Lumos self-advocates as workshop co-facilitators Liimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024

Refugee Response We participated in national-level working groups on social protection, education, child protection, and accommodation for refugees. Our capacity-build ing activities for frontline professionals included.. 8 training events16 seminars, 2 workshops) 250 professionals trained174¥0 from social services, 26 % from education) Focus areas included child protection, communication with adolescents, inclusion of children with special needs, online safety, family support, and data confidentiality All activities were organised with direct involvement from professionals across four districts and key sta keholders managing the U krainian refugee crisis. Ukralne In Ukraine, Lumos works closely with the government to improve the care of children and we're helping test new family care reforms in the Zhytomyr region. Working with Ukraine's Education Ministry, we created online training about i nclusive education that all teachers across the country can access. We've helped keep families together by., Providing food and hygiene supplies Creating nine learning centres in three regions that offer education and protection for children These learning centres, established last year, continue to be vital resources for vulnerable children and families throughout UkTaine. Supporting Children Through Safe Learning, an OCHA-supportedproject By the end of 2024, we reached 28,531 children with safe learning support115,047 girls and 13,484 boys) across Kharkiv, Sumy, and Zhytomyr regions. Nearly 27 % of tliese children have d isabilities or special ed ucational needs. Through our nine Temporary Learning Centres, we provided,. Safe, inclusive learning environments Mental health support Specialised education services to help children catch up on missed learning We distributed educational kits to 1,131 children with disabilities and special needs, helping identify ch ildren with severe needs who were previously isolated from their peers. This support has strengthened the resilience of war-affected children and their caregivers. Liimos Foundation | Trustees, Ai)nual Report & Financial Statements fo¥ tl)e year ended December 312024

Emergency Response Highlights Iln 2024, our humanitarian aid reached 3,912 children 30¥0 more than our initial target helping prevent family separation during crisis. We've strengthened our leadership role in Ukraine's care reform forchildren by.. Partnering with the Coordination Centre for Family Upbringing and Child Care Development Joining a powerful coalition alongside UNICEF, SOS Children's Villages, Hope and Home for Children, and Save the Children Building a foundation for transformative changes in 2025 Advancing Inclusive Education Our experts helped develop U kraine's National Strategy for the Development of Inclusive Education until 2029. Working with the Ministry of Education, we created five webinars for specialists at inclusive resou rce centres, already viewed by 4,590 professionals. In Zhytomyr region, we're implementing improved care reforms in five communities and developing nine universal social services, with a special focus on children with disabil ities and special needs. Empowering Young Voices The Coalition of NGOS In the Interests of Children" in Zhytomyr has grown to 16 organisations, strengthening local chi Id protection advocacy. Our newyouth Advisory Council brings together 18 young people-including I I with disabilities and 5 with experience of i nstitutionalisation-who are actively promoting i nclusive policies. This approach ensures young people's voices shape the decisions that affect their lives. As one participant shared during our"Meeting of Like-minded People" event. For the first time, we have a platform where our views are truly recognised and valued." Global Impact: Advocatlng for Children Worldwlde GlobalAdvocacyAchievements In 2024, £3.6 million was committed for care reform because of global advocacy efforts. We embraced new opportunities through observer status at the African Committee of Experts on the Rights and Welfare of the Child IACERWCI and partnered with the UK Foreign, Commonwealth and Development Office on their global care reform campaign. Ending Violence Against Children We led international collaboration linking violence prevention and care reform, highlighting this connection at the Global Ministerial Conference through a high-level side event. Our advocacy resulted in strong commitments from Colombia and Kenya to improve care for vulnerable children. LLimos Foundation | Trustees, Annual Report & Fin31)cial Statements for the year ended December 312024

Building African Partnerships We strengthened our Tole as a leading partner to the ACERWC by: Supporting a study visit to Kenya Gaining observer status at committee meetings Providing expert guidance on continental care reform approaches Influencing Globol Policy Our partnership with the UK Foreign Off ice on their care reform campaign posltioned u5 to help ensure the campaign emphasises the participation of children and young people with lived experience.we then went on to deliver a consultation with children and young people at FCDO'S request. Connecting Education and Care At the Annual Day on the Rights of the Child {ADRC), we presented groundbreaking research on how education and institutional isation intersect. These connections help ensure care reform extends beyond child protection to include education systems. Youth Voices Leading Change Our commitment to youth participation brought powerful results in 2024: Care leavers spoke at the Ending Violence Against Ch ildren satellite event, wlth one participant declaring. We don't want to leave paper on your desks we want policies that last so children can live safely, free of vlolence," Young people with care experience addressed the UN Human Rights Council, A young person from Moldova may have been the first child currently in care to address the Council, urging members to "remember the most vulnerable children." Ouryouth Advisory Board developed their own pledge as equal participants In the MoreThan A Number campaign, positioning young people a5 partners rather than beneficiaries, More Than A Number Campaign This campaign completed its successful pilot phase with impressive results. We.. Created a compelling brand identity with campaign materials tested directly with our target audience Launched the campaign Pledge and Roadmap to Change Produced three podcast episode5 featuring our Youth Advisory Board Developed partnerships with new oyganisations across the child rights sector Hosted a powerful roundtable where young people shared their experience5 Wlth decision-makers As one young participant explained.. 'In5titutions are not able to offer the support that a family can Liimos FoLindation | Trustees, Aiinu¢il Report & Financial Statements for tlie year ended Deceinber 312024

People with Lived Experience We strengthened youth participation across Colombia, Ukraine, and Moldova by: Establishing new Youth Advisory Boards Includ ing young people in international events and consultations Implementing the ProTACIS project in Moldova with former SelfAdvocates as facilitators Embedding participation activities in all four Country Plans for 2025 Increasing collaboration between our fundraising, advocacy, and people with lived experience teams This approach ensures that children's voices directly shape the policies that affect their lives. Liimos Fou ndation | Trustees, Annucil Report & Financial Statonieiits for the year ended Deceinber 312024 10

Looking Ahead: Our Vision for 2025 As we continue implementing our 2024-2027 strategy, Lumos remains cornmitted to transforming care systems and ensuring every child can thrive in a safe and loving family. Our Goals for 2025 We aim to enable at least 18,000 children to thrive in families instead of institutions through our reintegration programs and by helping governments adopt our family care models, Our prevention work in Ukraine, Kenya, Moldova, and Colombia aims to protect 50,000 vulnerable children from bei ng separated from their families. Global Advocacy Focus In 2025, we'll spotlight the critical connections between care reform and Ending violence against children Disability We'll build on momentum from the Interministerial Conference on Violence Against Children (Bogota, December 20241 a nd the Global Disability Summit (Berlin, April 20251 to secure government commitments to care reform. Country-speclflc Plans Ukraine We're expanding humanitarian assistance to Sumy, Kharkiv, Dynpro, and Zaporizhzhia regions, supporting families displaced bywar with.. Essential education materials Winter supplies Transition Learning Centres for children with disabilities Implementation support for child care reforms in Zhytomyr Colombia We'll develop models to prevent family separation in Narino Department and continue transforming care institutions into community support centres in Bogota and Antioquia. Keiiya We'll complete our comprehensive reform plan for Embu County, aiming to reunite 500/0 of institutionalised children with their families or place them in foster care. Similar plans will extend acros5 Eastern Province. Moldova Working with the government, we'll expand our Early Childhood Intervention model to reach 30 % of the countiy and develop two new Inclusive Education Units. LLimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 11

Strengthening Our Organlsation We'll enhance our: Grant making and management systems Governance and advisory structures Youth participation mechanisms Safety, security, and safeguarding policies Through these efforts, we'll continue building a world where every child grows up in a safe and loving family. Luinos Foundation | Trustees, Annual Report & Financial 5tatement5 for the year ended December 312024 12

Principal risks Statement of rlsks and uncertalntles Lu mos maintains a corporate risk register, prepared in accordance with Charity Commission Guidance. This register is reviewed and updated quarterly by the Executive Leadership Team; it is then shared quarterly with the Finance and Risk Committee and the Board. There is dedicated risk session with the Board once a year. Additional risk sessions are included in Board meetings where appropriate. Lumos Corporate Risk Register ICRR) includes risks across four categories: strategic and reputational, operational, compliance, fi nancial and governance. As well as the corporate risk register, the Finance and Risk Committee receives quarterly updates on wider risk management activity and explores individual risk areas. The Committee also reviews the charity's overall risk management arrangements on an annual basis. Lumos will continue to assess and update its internal risk management policy to better reflect the inherent risks associated with working in areas of conflict and civil unrest. The charity has identified the following key risk and uncertainties: 1) Poor fundralslng performance and a lack of Income dlverslty Mitigations.. Build fundraising team and develop and implement fundraising strategy Wlth nearterm and medium-term objectives. Financial planning and analysis includ ing quarterly reforecasts and cash flow forecasting to allow for close scrutiny of performance and to support the fundraising strategy. Income stream diversification to i nclude institutional, corporate and major donors. Effective monitoring across all income streams, i.e. monthly reporting against KPIS and variance against budget forecast. 2) Reputatlonal risks and negatlve medla Interest In the charlty Mitigations.. Stakeholder management and communications. Partner, founder and contractor due diligence with associated compliance, monitoring and reporting processes, crisis response protocols. Increase Lumos's profile as an independent charity/NGO and report on impact and development. 3) Security rlsks of personnel operating In high rlsk countrles Mitigations: Regular ongoing security assessments enable rapid analysis of changing circumstances and adaptation of programming, includi ng cessation of activities when appropriate. Regular disbursement of smaller amount5 of funds to partners to tighten financial controls. Security Contingency plans regularly updated. 4) Safeguarding rlsks: the risk of harm to children and adults Mitigations: Additional capacity piovided to safeguarding team and improvements made to safeguarding due diligence guida nce and protocols. Review and i mplementation of the global safeguarding policy and related reporting protocols with associated programme staff and refresher training. Strengthening of integration of safeguarding into programme design and reporting. Lumos Foundatioi) | Trustees, Annual Report & Financial Statements for the year ended December 312024 13

Financlal Review A summary of the year's results can be found on page 25 of the financial statements. 2024 £'ooo 2023 £'ooo Total Income 5,748 7,888 Total expendlture Other Ilossesl I galns 16,4711 14,9641 19 11601 Net Funds movement 17041 2,764 Reserves (arrled forward 5,609 6,313 Unrestricted 4,813 4,224 Restricted 796 2,089 During 2024 Lumos completed its organisational restructure which included the closure of the Bulgaria branch office and the US entity Friends of Lumos USA Ltd. which was dormant during both years. The US charitable entity, Lumos Foundation USA Inc. still operates on a reduced headcount. The UK office also now operates on a reduced headcount witli the aim of maintaining a sustainable platform for future operations. The negative net restricted funds movement during the year is largely due to high operational spend thanks to the receipt of a restricted grant received in late 2023 which was expended in 2024. The positive net unrestricted funds movement during the year is tl)anks to a substantial unrestricted donation received in 2024 intended to cover costs in 2025 and 2026. Investment pollcy and performance In April 2024, the investment portfolio was liqu idated, and the cash is currently held on deposit with Lumos's bank, HSBC plc, Fundraising pollcy Lumos ensures compliance with regulations on the protection of donor i nformation and use of personal data.The protection of children at the heart of our mission extendsto oursupporters and the public, to ensure all individual preferences of donors are upheld, and no one is unduly pressured to donate to Lumos. We are registered with the Fu ndraising Regulator and adhere to their Code of Fundraising Practice for all fund ra isi ng event5, activities and interactions with donors. In 2024, theie were no fundraising complaints. OLsr income is affected by external factors such as the ongoing war in Ukraine, fluctuations in the economy, royalty payments donated by our Founder, changing donor priorities and public trust in charities, all of which we mon itor closely and respond to through our in-year plans. Lumos Foui)dation | Trustees, Annual Repoyt & Financial Statements for the year ended December 312024 14

Reserves policy and golng concern TheTrustees balance a prudent reserves policy, which ensures that Lumos has sufficient funds to complete ongoing activities in the event of a significant fall in income and strengthening and increasing the impact of the organisation. The target level of free reserves is equivalent to approximately 3 to 6 months operating expenses. The charity holds sufficient unrestricted funds for the following purposes: To mltlgate the prlnclpal flnanclal rlsks faclng Lumos In terms of income, this includes the risk that income does not match organisational expenditure growth. To enable Lumos to provide emergency response services There a re situations that can arise throughout the year where an immediate response is required before income is received from fundraising activities, To support worklng capltal funding requlrements In several Lumos programmes expenditure is made prior to claiming the expense from the donor, usually on a quarterly basis. Lumos also receives a sizable amount of royalties, income in the second half of the year wliich has an impact on the casli flows of the charity. To help to protect Lum05 work beyond the current year To protect Lumos's long-term impact, especially in the face of a sustained decline in income, the organisation will need time and flexibility to make responsible adjustments. In countrieswhere Lumos has an established presence, this means carefully managing clianges to core pro9rammes to minimise disruption to children. In countries where Lumos does not havea long-term footprint, it may involve responsibly closing out existing partnerships and programmes to preserve resources and uphold commitments. Funds Restricted funds £0.8m12023: £2.1 ml Restricted funds are funds with specific restrictions imposed by donors. These restrictions often relate to a particular geographic region or area of technical expertise and sometimes include a deadline by which time the funds must be spent. Unrestricted funds £4.8m12023.' £4.2m} U nrestricted fu nds include tang ible and intangible fixed assets of £0. I m12023.. £0.I ml and designated funds of £2m12023: £1.6ml where the designated funds have been allocated by the Board for the purposes of non-programmatic support and discretionary strategic programmes not supported by restricted f unding. The readily reali5able free reserves balance is £2.7m12023.. £2.5ml. Our target base level of free reserves is equivalent to approximately 3 to 6 months operating expenses, which is £1.6m to £3.2m. Lumos Foundation l Trustees, Annual Report & Financial Statement5 for the year ended December 312024 15

Concluslon Given the level of reserves and the prudent steps undertaken between 2022 to 2024 to align our operations and resources to our programmatic and financial strategy, together with forecasts, budgets and a reorganisation of the charity in 2024, the Trustees are satisfied that the charity will remain a going concern in the foreseeable future. LLimos Foundation | Trustees, Annual Report & Financial Statements for the year ended Oecember 312024 16

Structurei governance and management Governlng document and objects Lumos was incorporated as a charitable company limited by 9uarantee with no share capital on 3 November 2005 and is based in London. It is registered in England under company number 05611912 and is registered with the Charity Commission under charity number 1112575. Lumos is governed by its Articles of Association dated 3 November 2005 as reviewed and amended from time to time most recently in December 2021. Lumos's objects as stated in its Memorandum and Articles of Association are as follows: The relief of poverty and sickness,. the promotion of education,. the promotion of child health and development; and the prevention of cruelty to or maltreatment of children in any part of the world. Such other exclusively charitable objects as the Trustees in their absolute discretion determine. As part of the organisational review completed during 2020, the updated mission and vision statements of the Charity weie updated as follows.. li} vision.. All children grow up in safe and loving families within supported communities.,. lill mission: To realise every child's right to a family by transforming care systems around the world. Related organ15atlons Lumos Foundation Operations Limited was incorporated as a private company limited by shares on 18 December 2019 (England and Wales). Its sole member and thus itsparent company is Lumos Foundation. Lumos Foundation Operations Limited operates as a trading entity for Lumos Foundation and donates its distributable profits to Lumos Foundation. Lumos Foundation USA Inc. was incorporated in New York, USA, on 6 November 2015, and obtained 501 Ic13 non-profit status on 27 March 2015. Lumos Foundation USA Inc. is included in the consolidated accounts on the basis that Lumos Foundation exercises influence and control over Lumos Foundation USA Inc. in accordance with Financial Reporting Standard l 02. Friends of Lumos USA Ltd was incorporated as a charitable company limited by shares on 20 March 2015 and was dormant until 31 March 2016.The sole member ofthe company, and thus its parent entity, IS Lumos Foundation USA Inc. During the year, Friends of Lumos USA Ltd was effectively dormant and was dissolved and struck off the Register of Companie5 on 18 June 2024. The Lumos Foundation USA I nc. statement of fi nancial activities results for 2024 are a surplus of £203k 12023.. deficit of £1,254kl and £nil grants were made to the UK parent charity during 202412023.. 2,082k). LLimos Foundation | Trustees, Annual Report & Financiol Statements for the year ended December 31 2024 17

Trustees The Board of Trustees of Lumos Foundation administers the charitable company.The Board meets at least four times a year and provides strategic direction to the work of Lumos.The Trustees make decisions by a majority vote. Trustees give their time freely, receiving no remuneration or other financial benefit. A Trustee is a member of the Board ofTrustees of Lumos and a director for the purposes of the Companies Act 2006. The Trustees who held office during the year are listed at page l. All Trustees must be members of the charitable company. The maximum number ofTrustees is ten. Following the Governance Review theTrustee recruitment process was strengthened including ensuring external advertising for future appoi ntments. At the year end Lumos had eight Trustees, selected to provide a m ix of skills necessary to Lumos. All Trustees are given an induction programme and are offered opportunities for appropriate training. During 2024, in addition to Board meetings, Lumos Trustees undertook considerable work through the following Committees.. Finance & Risk Committee People Committee Programmes and Safeguarding Committee Fundraising Committee Since QI 2025, considerable work has also been undertaken as part of a wider governance refresh, which is ongoing, including reviewing the purpose and scope of Committees and updating theirTerms of Reference. A periodic Board skills audit is carried out to determine the range of skills and experience which would be required to fill existing gaps.The last such audit was in Q4 2020. Organi5atlon The Chief Executive Officer and Executive Team provide the Board with advice on the strategic direction of the cliarity and manages operations oli belialf of the Board and with the Board's guidance. The Chief ExecLltive Officer is responsible for monitoring all aspects of Lum05's work and regularly reporti ng progress to the Board. Related parties and cooperation with other organisatlons None of the Trustees receive remuneration or other benefits from their work witli the charity. Any connection between a Trustee or senior manager of the charity with any related party Is disclosed to the ful l Board of Trustee5. Related party disclosures take place annually as pa rt of the external audit process and any conflicts of interest are declared at each Board meeting. Luinos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 18

Grant-making pollcy Whilst Lumos is not primarily a grant-making organisation, the charity does issue grants occasionally to further its charitable objects. These grants tend to be ir) countries where Lumos does not have a permanent base, or a sub-grant of a grant received by Lumos. Grants are issued only where an opportunity has been identified, where funding exists and when due diligence has been carried out on the ability of the grantee to deliver aga inst the gra nt. All grants follow Lumos's standard internal procedures, opportunities are assessed by the Executive Team and approved by the Chief Executive Officer andlor the Trustees in l ine with Lumos's procedures. Investment powers and restrlctlons Under its Articles of Association, Lumos has the power to invest in ways that the Trustees see fit. In April 2024, the investment portfolio was1 iquidated, and the cash is currently held on deposit with lumos's bank, HSBC plc. Pay pollcy for senlor staff The Trustees consider that the Board of Directors {who are the charity's Trustees), together with the Executive team, comprise the key management personnel of the charity in charge of directing and controll ing, running and operating the charity on a day-to-day basis. All Trustees give their time freely and no Trustee received remu neration in the yea r. Details of Trustees, expenses and related party transactions are disclosed in the notes to the accounts, notes 9 and19 respectively. Publlc beneflt The main activities undertaken by the charity to further its objects for the public benefit are described further in this Report. Trustees confirm that they have complied with the duty in the Chaiities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. 2024 restructure To ensu re its financial sustainability, Lumos underwent a restructure duri ng April and May 2024. This included rationalising central administrative functions within a streamlined Corporate Services model, whilst redeploying resources to the Country Programme teams enabling better efficiencies and effectiveness locally. Lliinos Foundation | Trustees, Annual Report & Financial Statements for the year ended Deceimber 312024 19

Statement of Trustees, responsibilities TheTrustees (who are also directors of the Lumos Foundation for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Piactice (United Kingdom Accounting Standardsl. Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income a nd expenditLJre, of the charitable group for that period. I n preparing these financial statements, the Trustees are required to.. Select suitable accounting policies and then apply them consistently Observe the methods and principle5 in the Charities SORP IFRS1021 Make judgements and estimates that are reasonable and prudent State whether applicable UK accounting standards have been followed, subject to any material depa rtures disclosed and explained in the financial statements Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explai n the charitable compa ny's transactions, disclose with reasonable accu racy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Compan ies Act 2006 and the provisions of the charity's constitution. They are also responsible for safeguard ing the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Dlsclosure of Informatlon to audltors To ensure it5 financial sustainability, Lumos underwent a restructure during April and May 2024. This included rationalisi ng central administrative functions within a streamlined Corporate Services model, whilst redeployi ng resources to the Country Programme teams enabling better efficiencies and effectiveness locally. Insofar as each of the Trustees of the charity at the date of approval of th is report is aware, there is no relevant audit i nformation (information needed by the cha rity's auditor in connection with preparing the audit reportl of which the charity's auditor is unaware. Each Trustee has taken all of the steps that he/she should have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The Trustees are responsible for the mai ntenance and integrity of the corporate and financial information included in the company's website. Legislation in the United Kingdom governi ng the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. TheTrustees' Report, including the Strategic Report, was approved by order ofthe Board ofTrustees. Kenneth Towle Chair of Trustees Lumos Foundation Date.. Lumos Foundation | Trustee5' Annual Report & Financial Statements for the year ended December 312024 20

Independent auditor's report to the members of Lumos Foundation Oplnlon We have audited the financial statements of Lumos Foundation (the'parent charitable company'l and its subsidiaries Ithe'group'l for the year ended 31 December 2024 which comprise the consolidated statement of financial activities, consolidated and charity balance sheets, consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied i n their prepa ration is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102,the Financial Reporting Standard applicable i n the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements,. Give a true and fair view of the state of the affa irs of the group and the parent charitable company as at 31 December 2024 and of the group's 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 accordance with the requirements of the Companies Act 2006. Ba515 for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsi bilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these req uirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial statements, we have concl uded that the Trustees, use of the going concein 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 collectively, may cast significant doubt on the group orthe parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the f inancial 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. Luinos Foundation | Trustees, Annual Report & Financial Statements for tl)e year ended Deceimber 312024 21

Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the fi nancial statements does not cover the other information and, except to tlie extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is 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 misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi55tatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of thi5 Other information,. we are required to report that fact. We have nothing to report in this regard, Other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course ofthe audit.. The information given in the Trustees, Annual Report which includes the Directors, Report a nd the Strategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and The Trustees, Annual Report which includes the Directors, Report and the Strategic Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In light of the knowledge and understanding of the group and the parent charitable company and their environ ment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report and Strategic Report. We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion.. Adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branche5 not visited by us., or The parent charitable company financial statements are not in agreernent with the accounting records and 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. Responsibilities of Trustees As explained more fully in the Statement of Trustees, Responsibilities set out on page 20, the Trustees Iwho are also the directors of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satlsfied that they give a true and fa ir view, and for such internal control as the Trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error. LLimos Foundation | Trustees, Annual Report & Financial Statement5 for the year ended December 312024 22

In preparing the financial statements, the Trustees are responsible for assessi ng the group and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltor's responslbllitles for the audit of the financlal Statements We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act. Our objectives are to obtain reasonable assurance about whether the group and parent financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a h igh level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a mateiial misstatement when it exists. Misstatements can arise from fraud oi error and are considered material 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. liregularities, including fr3ud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting i rregularities, including fraud are detailed below. Identifying and assessing risks related to irregularities.. We assessed the susceptibility of the group and parent charitable compa ny's financial statements to material misstatement and how fraud might occur, including through discussions with the Trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements.we identified lawsand regulations that are of significance in tl)e context of the group and parent charitable company by d iscussions with Trustees, communication with component auditors and updating our understanding ofthe sectors in which Ihe group and parent charitable company operate. Laws and regulations of direct significance in the context of the group and parent charitable company includeThe Companies Act 2006 and guidance issued by the Charity Commission for England and Wales. Audit response to risks identified.. We considered the extent of compliance with these laws and regulations as part ofour audit procedures on the related financial statement items including a review of financial statement disclosures. We reviewed the parent cliaritable company's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We d iscussed the parent charitable company's policies and procedures for coinpliance witli laws and regulations with members of manageinent responsible forcompliance. During the planning meeting with the audit team, the engagement partner drew attention to the key areas which migl)t involve non-compliance with laws and regulations or fraud.we enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness ofjournal entries and identifying any significant transactions that were unusual or outside the normal course of busine5S. LLimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 23

We assessed whetherjudgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud. As group auditors, our assessment of matters relating to non-compliance with laws or regulations and fraud differed at group and component level according to their particular circumstances. Our communications with component auditors included a request to identify instances of non-compliance with laws and regulations a nd fraud that could give rise to a material misstatement of the group financial statements in addition to our risk assessment. There are inherent limitations in the audit procedures described above and the further removed non- compliance with laws and regulations is from the events and transactions ref lected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material m isstatement due to fraud is higher than the risk of not detecti ng one resulting from error, as fraud may involve deliberate concealment by, for exa mple, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. ditor re onsibilities. This description forms part of ou r auditor's report. Use of our report This report is made solely to the parent charitable company's members, as a body, in accordance with Chapter 3 of Part 16 ofthe Companies Act 2006. Our audit work has been undertaken so that we might state to the parent charitable company's members those matters we are required to state to them in an auditor's repoit and for no other puipose. To the fullest extent permitted by law, we do not accept or assume responsibility to a nyone other than the parent charitable company and the parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Gareth Norris FCA (Senior Statutory Auditorl for and on behalf of Saffery LLP Statutory Auditors 71 Queen Victoria Street London EC4V4BE Date.. Saffery LLP is eli9ible to act as an auditor in terms of section 1212 ofthe Companies Act 2006 LLimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 24

Consolidated statement of flnanclal actlvltles Ilncluding Income and expenditure account) for the year ended 31 December 2024 Notes 2024 UnieslTlCted funds 2024 Resiiicied funds £'ooo 2024 Tot31 funds 2023 Total funds E'OOO Income from: Royalties 1,485 1,485 1,009 Donations and Gift Aid 2,790 46 2,842 3,701 Charltable actlvltles Grant income 19 1,311 1,330 3,030 Investment income 55 55 72 Income froni Trading activities 22 22 63 Other Incon)e 14 14 Total Income 4,391 1,357 5.748 7,888 Expenditure on.. Raising funds.. Raising donations and grant income. donDr coniniunicalion c0515 958 958 1,573 Investment manogenienl costs Ch¢irilable activities 2,777 2,736 S,513 3,386 Total expendlture 3,735 2,736 6,471 4,964 Net In<omellexpendlturel Net galnslllossesl on Investments 656 11,3791 17231 2.924 Isi Ex<hange rate1105sesllgalns 1381 52 14 11551 Transfers between funds 1341 34 Net movement In funds 589 11,2931 17041 2,764 Reconclliatlon of funds: Total funds brought forward 4,224 2,089 6,313 3,549 Total funds carrled forward 4,813 790 5,609 6,313 All the charity's activities are derived from conti nuing operations duri ng the two financial periods. The charity has no recognised gains or losses other than those shown above. LLimos Foundation | Trustees, Annual Report & Financial Statemeiits for the year ended December 312024 25

Consolidated Balance Sheet Notes 2024 £'ooo 2023 £'ooo Fixed Assets Tangible assets 148 152 Intan9ible assets Investments 599 148 753 Current Assets Debtors 14 1,227 1,002 Shorl-lerm deposlt 10 Cash al bank and in hand 4,531 4,961 5,768 5,972 Creditors,, amounts fallin9 due wiih1n one year 15 13071 14121 Net current assets 5,461 5,560 Total as5els less current Iiabililies 5,609 6,313 Net assets 5,609 6,313 Funds: Restricted fund5 18 796 2,089 De519naled funds 18 2,000 1,607 Unrestricted funds 18 2,813 2,617 Tolol Fund5 5,609 6,313 Approved and authorised for issue by the Board ofTrustees and signed on their behalf by.. Kenneth Towle Trustee Date: 21 q. ZTr25. Lumos Foundation, Registered Company Number.. 05617 912 (England and Wales). The notes on pages 30 to 46 form part of these financial statements. LLimos Foundation | Trustees, Aiinual Report & Financial Statement5 for tlie year ended December 312024 26

Charity Balance Sheet Notes 2CI24 23 Flxed Assets Tangible assets 12 149 152 Intangible assets Investments 13 599 149 753 Curyent Ass¢tS Debtors 14 1,232 1,034 Cash al bank and in hand 3.686 4.311 4.918 5,345 Credllors.. amounts falling due within one year Net current assets 15 11,5221 11,6211 3,396 3.724 Total assets less current liabllities 3,545 4,477 Net assets 3,545 4,477 Funds: Reslri<led funds 18 507 584 Designated funds IB 2,000 1,607 Unre5t¥icted funds 18 1,038 2.286 Total Funds 3,545 4,477 As permitted by section 408 of the Companies Act 2006, a Statement of Financial Activities for the charity has not been presented. The Lumos Foundation charity's net movement in funds for 2024 was a deficit of£O.9m12023: £4.2m surplus). The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Kenneth Towle Trustee Date.. 22.4 2p45 Lumos Foundation, Registered Company Number: 05617912 (England and Wales). The notes on pages 30 to 46 form part ofthese financial statements. Lumos Foundation | Trustees, Annual Report & Financial Statements for the year ended Decembe¥ 312024 27

Consolidated Statement of Cash Flows Net Cash Provided by (used In) operatlng actlvlties Notes 2024 £'ooo 2023 £'wo Net Cash Provided by lused inl operating activlties Cash Flow5 from Investing Actlvities Dividends and Interest from investments 11,020) 2,379 72 Purchase Of Tangible Fixed Assets Proceeds from Disposal of Investments 1191 1351 582 54 Purchase of Investments 1851 Net Cash Provlded by (used Inl Ihveslment actlvitles Net Cash Provlded by lused Inl Flnanclng Actlvltles Change In Cash and Cash Equlvalents In the Year Cash and Cash equivalents as at l January 2024 Cliange in Cash and Cash Equivalents due to Exchange Rale Mov. Cash and Cash equlvalents as at 31 December 2024 568 14521 2,385 4,992 2,572 35 4,541 4,992 Lumos Foundation | Trustees, Annual Report & Financial Statement5 for Il)e year ended December 312024 28

Note A- Reconclliatlon of net movement In funds to net cash provlded by (used In) operatlng actlvltles 2024 É'ooo 2023 £'o Net Movement In Funds las per the Statement of Flnan<lal Actlvltlesl 17041 2,764 Adjusled for: Depreciation Charge Exchange Rate (Gain) L055 20 24 161 1351 Losses / (Gains) on Investment 151 Dividends and Interest from Investments 1721 Deficit on Disposal of Tangible Fixed Assets Decrease/llncre3sel In debtors 12251 445 IncreasellDecreasel in Creditors 11051 15641 Increase in Provisions for liabilitie5 and chaiges Net Cash Provlded by Iused Inl Opeyatlng Actlvltles 11951 11.0201 2,379 Note B- Analysls of cash and cash equlvalents 2024 £'ooo 2023 Cash at Bank and In Hand 4,531 4,961 Cash Held a5 C(Jrrent Asset Inve51menl I Short term dep0511 io Cash Held by Investment Managers 22 Total cash and (ash equlvalents 4,541 4,992 Note C- Analysis of changes In net debt Al 31 Dece(nbeT 2023 £'ODO Cè5h flows £'ooo F¢relgn exchange movemÈnlS Group 2024 £'ooo £'ooo Cash at bank and in hand 4,961 14301 4,531 Cash equivolents 31 Total 4,992 14511 4,541 Lumos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 29

Notes to the Financial Statements Principal accountlng pollcles Basls of accounting The financial statements of Lumos Foundation, which is a public benefit entity under Financial Reporting Standard 102, have been prepared on a going concern basis under the historical cost convention, in accordance with the Financial Reporting Standard applicable inthe UKand Republic of Ireland, Financial Reporting Standard 102 IFRSI 021, the Charities Statement of Recommended Practice IFRS 102}, the Charities Act 2011 and the Companies Act 2006. The Consolidated Statement of Financial Activities ISOFAI and Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertakings. The accounts are rounded to the nearest thousand and the functional currency 15 Great British Pounds. The principle accou nting policies, which have been applied consistently in the year, are set out below. Consolldatlon The results of the subsidiaries are consolidated on a line-by-line basis. No separate SOFA has been presented for the Charity alone, as permitted by Section 408 of the Companies Act 2006.The Charity has also taken the exemption under FRS102 1.12lbl not to include a parentonly cash flow statement in these accounts. The Boa rd of Lumos Foundation USA Inc. exercises discretion and control over all funds received by Lumos Foundation USA Inc.There is a concurrence of purpose between Lumos Foundation USA Ir)c. and Lumos Foundation.There is also an agreement between Lumos and Lumos Foundation USA Inc. which governs the use of Lumos, name and trademark that allows Lumos's strategic influence in, and agreement on certain operational matters of Lumos Foundation USA, Inc. worldwide, Lumos Foundation Operations Limited operates as a trading entity for Lumos Foundation and donates its distributable profits to Lumos Foundation. Its sole member and thus its parent company is Lumos Foundation. Group accounts are therefore prepared consolidating Lumos Foundation USA Inc. which was dormant in 2023 and 2024 and Lumos Foundation Operations Limited. Accounting estlmates and areas of judgement In the application of the Lumos Foundations accounting policies, Trustees are required to make judgements, estimates, assumptions about the carrying values of assets and liabilities that are not readily a pparent from other sources. The estimate5 and underlying assu mptions are based on historical experience and other factors that are considered to be relevant. Actual results Inay differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised i n the period in which the estimate is revised if the revision affect5 only that period or in the period of the revision and future periods if the revision affects the current and future periods. LLllmOS Fouiidation | Trustee5' Annual Report & Financial Statements for the year ended Deceinber 31 2024 30

In the view of theTrustees and management, the following are the most significant accounting estimates and areas of judgement.. The judgement that, subject to evidence to the contrary, all expenditure incurred under a signed funding agreement is recoverable from funders. Thejudgement that there is no provision required for disallowed expenditure under donor funding agreements. Decisions around the recoverability of amounts included in debtors connected to royalties or other debtors. Judgements relating to the decision a5 to when a liability should be recognised in relation to grants payable to a third party The value of any accruals included i n the financial statements The basi5 for allocating costs between activities as disclosed in the financial statements. Golng concern At 31 December 2024, Lumos had total funds of £5.6m12023'. £6.3ml. The level of free reserves lin this case being unrestricted excluding intangible and tangible fixed assets and designated funds) at 31 December 2024 is £2.7m12023'. £2.5ml. Given the level of reserves and the prudent steps taken in 2024 to align our operations and resources to our programmatic and financial strategy, the Trustees are satisfied that the charity will remain a going concern in the foreseeable future. Fund accounting Unrestricted funds are funds which are available at the discretion of the Trustees in furtherance of the general objectives of the charitable company, and which have not been designated for other purposes. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the donors. The aim and use of each restricted fund is set out in the notes to tlie financial statements. Where grants are received for specific purposes, they are credited to restricted funds. Costs up to the value of the grant relati ng to tliis restricted income are allocated against the income when the expenditure is incurred. Unspent balances are carried forward to subsequent years Witliin the relevant fund. Income recognition Income is included in the SOFA when the charitable company is legally entitled to the income, when it IS probable that the income will be received and when the monetary value of the income can be measured with sufficient reliability. The following specific policies apply to the categories of income.. Royalty income is recogni5ed on an accruals basis in the period to which the earnings relate, provided that the charity is able to estimate the amount receivable prior to the date of approval of the financial statements. Royalty income is stated net of Value Added Tax, overseas withholdi ng taxes, returns provisions and bad debt provisions. Donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the recei pt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised u ntil either those conditions are f ully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those cond itions will be fulfilled in the reporting period. Gift Aid i n respect of donations is accounted for in the year in which the related donation is recognised. Lumos Foundation l Trustees, Annual Report & Financial Statements for the year ended Deceinber 312024 31

Investment income dividends receivable from the investment portfolio are included in the SOFA in the period in which the charity is entitled to receipt. Interest receivable from cash at bank is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the bank. Grant income is recognised as income in the SOFA when receivable. Income is deferred only if the grant was subject to donor-imposed conditions that specified a future time period when the expenditure of the resources should take place. Investments: listed investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Expenditure recognition Liabil ities are recognised as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis. Irrecoverable VAT is added to the appropriate underlying expenditure. Fu nd raising and publicity costs.. expenditure on fundraising includes the costs of seeking all categories of income except those directly associated with charitable activities. Publ icity expenditures include the costs of disseminating and publicising the work of the charitable company. Fundraising and communications costs have been allocated to the expenditure categories based on estimates of time spent in the year. Investment management costs are recognised as they are payable to the investment manager. Charitable activities are analysed into the major themes of the organisation, and comprise expenditure related to the furtherance of the charitable company's objects. Cost5 include the direct costs relati ng to the overseas operations, branches and related projects, and allocated su pport costs. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include audit fees, costs linked to the strategic management of the charitable company and other compliance costs. Support costs are those costs incurred in connection with the management and administration of the charitable company. All support costs have been aSlocated based on expend iture. Pension costs contributions by the charity in respect of the group personal pension scheme are included in the Statement of Financi31 Activities when they are payable. Grant lia bilities are recognised once the charity has a constructive or legal obligation to make a payment. Other accountlng policies Tangible and intangible fixed assets.. the charitable company capitalises all assets with a cost in excess of £1,QOO that are to be held for continu ing use. Land is not depreciated. Depreciation is provided on all other tangible and intangible fixed assets, at rates calculated to wiite off the cost less estimated residual value of each asset over its expected useful life, as follows: Lumos Foundation | Trustees, Aiinual Report & Financial Statements for the year ended December 312024 32

Buildings 30 to 50 years Office equipment 5 to 10 years Fixtures and fittings 5 years Computer equipment 3 years Leasehold improvements Over the lease term until the break clause Motor vehicles 7 years Software 5 years Investments.. Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently they are measured at fail value with changes recognised in net gains/llosses) on investments in the Statement of Financial Activities. As investments are continually revalued there are no realised gains or losse5 recorded. Investment5 in subsidiaries are valued at cost less provision for impairment, Foreign currencies.. monetary assets and liabilities denominated in foreign currencies are retranslated i nto sterling at the rate of exchange ruling at the balance sheet date. TTan5actions in foreign currencies are recorded in Sterling at the rate ruling at the date of the transaction. All differences are taken to the Statement of Financial Activities. Lease commitments,. rentals payable under operating lea5e5 are charged to the Statement of Financial Activities on a straight-line basis over the lease term. The benefit of a rent-free period Is spread evenly across the lease term. Debtors: trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of anytrade di5count5 due, Current asset- short-term deposit.. current asset investments include cash on deposit and cash eq u ivalents with a matu rity of less than one year held for investment purposes rather than to meet the short-term cash commitments of the charlty as they fall due. Cash at bank and in hand includes cash and short-term cash commitments ofthe charity as they fall due, rather than for investment purposes, Creditor5 and provisions are recognised where the charity has 3 present obllg3tlon resultlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or esti mated reliably. Creditors and provisions are normally recognised at thelr settlement amount after allowing for any trade discounts due. Financial 3sset5 and financial liabilities are recogni5ed when the groiip becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are in itially measured at transaction price (including transaction costs). The group only has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. With the exception of fixed asset investments, basic financial instrument5 are initially recognised at transaction value and subsequently measured at their settlement value. LLllnOS Foui)dalion | Trustees, Annucil Report & Financi61 Statements for the year ended Oeceinber 312024 33

1. Donatlons and Glft Ald 2014 UThrestvlcted funds É'ooo 2024 Restrlcted funds £'ooo 2024 Total fu#ds £'ooo 2023 UnreslTicled fund5 £'ooo 2023 2023 Total funds É'ooo £'ooo Donations 2,288 46 2,334 2,864 121 2.985 Gift aid 508 508 527 533 Gift in kind 183 183 Total Funds 2,796 46 2,842 3,S74 127 3,701
2. Grant income 2024 1024 Unre5trl<ted funds R•strlcted lunds £'ooo £'ooo 2014 2021 2023 Totalfuthds Unre51Ticiod funds ReslrlLled funds 'ooo E'OOO £'ooo 2023 É'ooo Trusts and foundatlons 19 539 558 79 461 540 Ukraine Emergency Response- Ukraine and Moldova io 10 1,015 1,016 Grants from other governments and public bodies 762 762 1,326 1,326 Other 148 148 Total 19 1,311 1.330 228 2,802 3,030
3. Flxed asset Investments The following subsidiaries were u ndertakings of the Charity.. Charlty Reglstratlon number IRS reference number Namès Reglstered addrèss Company number Holdlngl<ontYol Lumos Foundation Operations Ltd. 3-7 Temple Avenue, London EC4Y ODA, UK 12369753 n/a nla 100% Friends of Lum05 USA Ltd Idi5solved 18 June 20241 3-7 Temple Avenue, London EC4Y ODA, UK 09502092 1170023 nla 100% Lumos Foundation USA Inc. 557 Broadway, Newyork NY 10012,USA nla nla 47-2301085 100% The activities of Lumos Foundation Operations Li mited are consolidated i nto the accounts of Lumos Foundation. Activities started during 2022. The summary financial performance of Lumos Foundation Operations Limited is below. During the year, Lumos Foundation charged administrative expenses to Lumos Foundation Operation s Limited totalling £nil12023'. £3kl. At the year-end an amount of £22k12023.. £60kl was due to Lumos Foundation, with gift aid payable of £9k12023'. £49kl. Liimos Fouiidation | Trustees, Annual Report & Financia5 Statements for the year ended Deceinber 312024 34

Sub5idiarles- Lum05 Foundatlon Operatlons Ltd. 2024 £'ooo 2023 É'ooo Income 10 63 Expenditure 1141 Gift aid lo Lumos Foundation 1491 Closing reserves Reconciliation of Funds Current Assets 31 68 Current Llabilities 1311 1681 Net Current Assets Flxed asset Investments- contlnued The net income for Friends of Lumos USA Ltd of £nil is included within the consolidated summary financial performance of Lumos Foundation USA Inc. Below. Friends ofLumos USA Ltd was dissolved during the year. During the period, Lumos Foundation provided a grant to Lumos Foundation USA Inc. of £nil12023: £444kl to cover administration and overhead costs. Lumos Foundation USA Inc. provided a grant to Lumos Foundation of £nil12023.. £2,082kl. Lumos Foundation provided donated Services of £nil {2023'. £62kl to Lumos Foundation USA Inc. At the year-end an amount of£l,244k12023.. £1,225kl was due to Lumos Foundation USA Inc. Subsldlarles- Lumos Foundatlon USA Inc. 2024 £'ooo 2023 £'ooo Income 352 1,429 Expenditure 11491 12,6831 IDeficitl/Surplus for the Year 203 11,2541 Opening Reserve5 1,837 3,232 GainsllLossl on foreign exchange 24 Opening reserves after FX Movement 1,861 3,091 Closing reserves 2,064 1,837 Recon<lliatlon of Funds Current Assets 2,076 3,956 Current Liabilities 1121 Net Current Assets 2,064 1,837 LLimos Foundation | Trustees, Ai)nual Report & Financial Statements for the ye3r ended December 312024 35

1. Ralslng fund5 1024 Dlrect costs £'ooo 2023 Total fund5 £'ooo Raislng funds and donor communl<atlon: Fundraising costs 587 1.142 Donor communlcatlon costs 52 73 Support costs Inole 71 319 358 958 1,573 Investment management fees Total 958 1,578
2. Charitable Activltles 2024 2024 Support tosls 2024 Total lunds £'ooo 2023 2023 2023 Suppoil costs £'ooo £'ooo £'ooo E'ooo £'ooo Advocacy, Training and Research Deins1ilulionalisalion- Europe Deinslilulionalisalion- LAC 371 140 457 353 173 526 2,499 1,132 3,631 1,003 490 1.493 322 146 468 283 181 464 Deinstilutionalisèlion Global 663 300 963 607 296 903 Total 3,795 1,718 5,513 2,246 1,140 3,386

3. Support Costs 2014 Fundralslng arsd donor communl<atloA (note 41 2024 Charltablq 2023 2023 FundTO15ing and donor Chaiilable communication 2024 Total funds £'ooo 2023 Irbote 51 £'ooo (note 51 fund5 £'ooo £000 Innovation Fund 46 322 368 Admin, Legal & Compliance 82 381 463 70 232 302 FSnance 88 422 510 494 655 Human Resources 43 296 339 96 314 410 Informalion Technology oirice Services 15 100 42 55 45 197 242 18 58 76 Total 319 1,718 2,037 358 1,140 1,498 Innovation fund costs relate to a restructure which Lumos Foundation undeiwent in 2024. Lumos Foundation | Trustees, Ai)nual Report & Financial Statements for the year ended December 312024 36

4. Governance Costs breakdown 1024 Total £'ooo 2023 Total £'ooo Legal and professional fees 46 70 Other costs 50 Total 110 120

5. Net Income for the year Net income for the year is stated after charging.. 1024 'ooo 2023 £'ooD Group Audltor's remuneratlon.. -Audit service5- Group 26 24 .Audit services- Friends of Lumos USA (now dissolvedl -Aiidit servlces- Lumos Foundation Operations Ltd -Advisory services .Tax services Lumos USA Auditor's remuneratlon: -Audit services- Lumos USA 12 Depre<lation of owned fSxed assets Operatlng lease rentals.. Land and building 20 25 94 29
6. Staff Cost and Remuneratlon of Key Personnel The staff headcount numbers for the period are as follows: 2024 No. 2013 Mana einent and adininislrative staff 17 Fundraisin and donor communication stèff Progranimes staff 23 26 Total 49 54 Lliinos Foundation | Trustees, Annucil Report & Financial Statements for the year ended December 312024 37

Staff costs relating to the above persons are as follows.. 1024 £'ooo 2023 Wa e5 and salaries 2,121 2,S47 Soclal securit costs 235 331 Pension costs 87 126 2,443 3,004 Agency staff 340 372 Total 2,783 3.370 The number of employees whose emoluments during the year exceeded £60,000 were.. 2024 2023 No. £60,001 £70,000 £70.001- £80,000 £80,001 £90,000 £90,001- £100,000 £100.001 £ I I 0,000 £110,001 £120,000 £120,001 É130,000 Total Pension costs totalling £35k12023.' £29kl were paid in respect of the above employees. The key management personnel of Lumos Foundation comprise the Trustees, the Chief Executive Officer and the ExecutiveTeam.The total employee remuneration (including benefits) of the key management personnel of the charity was £61 Ok12023.. £627kl. Key management personnel include permanent staff as well a s agency staff and independent contractors backfilli ng vacant positions. Termination amounts paid in the year £139k12023: £nil.) l O. Trustees, expenses and remuneration NoTrustee, nor any persons connected with them, received any remuneration from the charitable company duiing the year12023: £nill. Expenses incurred by the Trustees a nd reimbursed by the charitable company amounted to £1,263 for 7 trustees, travel expen5es12023'. £5,540 for 3 trustees, travel expenses). Liimos Foundatioii | Trustees, Annual Report & Financial Statement5 for the year ended December 312024 38

11.Taxatlon Lumos Foundation is a registered charity and, therefore, is not liable to income tax or corporation tax on income and gains derived from its charitable activities, as they fall within the various exemptions available to registered charities. 12, Tanglble and Intangible fixed assets of Charlty and Group Tan9ible Flxed Assets Tangibleand Tangible Flxed Assets Tan9ible Flxed Assets Soliware £'ooo and equlpment I'ooo Moioi Vehl£les E'QQQ Group £'ooo £'ooo Cost Al l January 2024 236 125 212 25 598 Additions 19 19 Oisp05al 151 15) Al 31 December 2024 236 125 226 25 612 Depreclatlon Al l January 2024 234 20 165 25 Charge for the year 20 Oisposal At 310ecembei 2024 236 24 179 25 464 Net Bookvalue At 31 December 2Q24 47 148 At 31 December 2Q23 105 47 154 Lumos Foundation Land and Buildings, opening position represents one pioperty in Moldova, the construction of which was fu nded by Lumos to support the delivery of children's care services by local authorities there. It has always been the intention of tlie Trustees to transfer the a55et to Moldovan authorities for the furtherance of the charity's objects, and to meet conlraclual commitments provided at the time of funding. LLimos Fouiidation | Trustees, Annual Report & Financial Statements for the year ended December 31 2024 39

1. Investments of Charlty and Group 2024 £'ooo 2023 Listed Investment Market Value at l January 577 551 Additions al Cost 85 Oisp05al Proceeds S82 1541 Nel Investment ILossesllGains Market Value as al 31 December 577 Cash Held In Investment Managers for Reinvestment 22 Tolal 599 Llsted Investment held at 31 December 2024, compromise the following: 1024 £'ooo 2023 £'ooo UK Fixed Interest 162 UK Equity 64 Overseas EqLiiIy 234 Commodities 18 Property 17 Alternative5 66 Multi Asset 16 Markel Value at 31 De<ember 577 Cost of Llsted Investments at 31 December 506 Lumos Foundation | Trustees, Annual Report & Financial Statements for tl)e year ended Deceinber 312024 40

2. Debtors Gioup 2024 £'ooo Charity 2024 'ooo Group2023 £000 ChaTlty 2023 £'ooo other debtors 86 79 26 26 Prepayments 140 136 190 175 Accrued royalty income 977 977 616 616 Trade debtors and other accrued income 75 70 170 157 Provision for doubtful debt Aniounts due fiom subsidiary undertaking5 21 60 Total 1,227 1,232 1,002 1,034

3. Credltors A. Amounts falling due within one year Group 2024 £'ooo Chailty 2024 £'ooo Group 2023 E'OOO Trade creditors 118 181 177 Taxation and social security 20 20 40 40 Accruals 67 76 64 Amounts due lo undertakings 1,236 1,225 Other creditors 24 24 107 107 Deferred income 57 57 Llsted Investment 307 1,522 412 1,621 B. Analysis of deferred income Group £'ooo E'OOO Al l January 2024 Recognised as Income in year 191 191 Deferred in year 58 58 At 31 December 2024 57 57 The 2024 deferred income balance relates to income received in Moldova to be recognised in future periods when expenditure arises and a 2025 royalty receipt received in 2024. Lumos Foundation | Trustees, Annual Report & Finai)cial Statement5 for tlie year ended Deceinber 312024 41

4. Provlslons for Ilabllitles and charges Group 2024 Éooo Charity 2024 Gioup 2023 Charity 2023 At l January 2024 195 195 Charged in the SOFA 195 11951 At 31 December2024

5. Statement of Funds- current year 011011202 £'ooo Income Expendituie £'ooo 3111212024 £'ooo £'ooo Éooo Restrlcted Fund5: Redirecting Pl)ilanihropic Funding 64 66 Deinstilulionalisalion in Colombia 187 193 Early Childhood Inlervenlion in Moldova 163 394 436 131 Ukraine Emergency Response 1,772 748 2,024 22 518 Other 75 80 138 Total Restrlcted Funds 2,089 1,409 2,736 34 796 Unrestrlcted Funds: Designaled Flinds 1,607 2.000 815 17921 2,000 Geneial Fund5 2,617 2,358 2,920 758 2,813 Total Unrestricted Funds 4,224 4,358 3.735 1341 4,813 Total Funds 6.313 5,767 6.471 5,609 Restricted fu nds are funds with specific restrictions imposed by donors. These restrictions often relate to a particular geographic region or area of technical expertise and sometimes include a deadline by which time the funds must be spent. Redirecting Philanthropic funding Lumos is running a campaign, funded by UBS Optimus Foundation,that focuses on the funding flows of philanthropy into institutions witli the aim to redirect this funding intofamilystrengthening and alteriiative care services. Liimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 42

Deinstitutionalisation- Colombia Lumos's programme in Colombia works ta influence and support a critical shift from reliance on residential institutions, to the provision of services which enable children to live safely in families and benefit from community-based care. During 2022, the programme received funding from Comic Relief USA, Latin American Children'sTrust and a private donor. Early Chlldhood Inlerventlon- Moldova Working with the Moldovan Government, Lumos is piloting an integrated approach to early childhood intervention (ECI) services in two regions in Moldova. This project seeks to provide vulnerable children and their families with accessible and appropriate care within their communities. This project is co- funded by Aperitivo, the Karl Kahane Foundation, Foundation Dora and Medicor Foundation. Ukralne Emergency Respon5e- Ukraine and Moldova Lumoss Ukraine Emergency Response programme was Started in March 2022 following the invasion of Ukraine in February 2022. Lumos has responded to this crisis through progiammes in Ukraine and Moldova, working with partner organisations and Government to deliver a humanitarian response to those displaced by the war in Ukraine and refugees in Moldova. Lumos's response has focused on needs assessment, emergency aid (food and basic needs), family reunification and support, child protection and psychosocial support for trauma affected child ren and fami lie5, i15 well as working to influence childcare reform to protect the right of all child ren to grow up in fami lies for the longer term. This work is funded by UBS Optimus Foundation, Comic Relief and Comic Relief USA, Other Comprised of varlous smaller projects including Panama Migrant Children, Care Reform Kenya, New Project sponsored by YPM Charitable Foundation, USA restricted revaluation Reserve. Designated Funds The funds have been designated by the Board for the purposes of non-programmatlc support and discretionary strategic programmes not supported by restricted funding. The Designation specifies of the £2m received in June 2024, £1 m is designated to be spent in FY25 and a further £1 m to be spent in FY26. LLim05 Foundation I frustees, Ai)nual Report & Finaiicial 5tatenients for tl)e year elided Deceinber 312024 43

Statement of Funds- contlnued - prlor year Income Expenditure £'ooo Translef5 £'ooo £'ooo £000 £'wo Reslri¢led Funds Redirecting Philanthropic Funding 108 50 94 Education and Child Institutionalisalion 24 23 47 Deinstitutionalisation in Colombia 186 171 15 Early Childhood Intervention in Moldova 80 254 163 Ukraine Emergency Response 354 2,244 826 1,772 Other 43 183 151 75 Total Reslrlcted Funds 609 2,940 1,460 2,089 Unrestrl<ted Funds Designated Fiinds 2.500 893 1,607 Geneial Funds 2,940 2,449 2,772 2,617 Total Unrestrlcted Funds 2,940 4,949 3,665 4,224 Total Fund5 3,549 7,889 5,125 6,313 18. Analysls of net assets between funds Unr•st¢l¢td funds General £'ooo D•slgnoted £'ooo 2024 Tolal I￿ndS £'ooo 2023 Total funds I'ooo funds 'otso Group T<ingible fixed asse15 Intangible fixed assets 148 148 152 Investments 599 Current assets 2,972 2,000 796 5,768 5,972 Current and long-te¥m liabilities and provisions 13071 13071 14121 Tolal 2,813 2,000 796 5,fj09 6,313 LLimos Foundation | TrLStees' Annual Report & Financial Statements for tlie year ended December 312024

Vnrestvl<ted fuThds Deslgnated £'ooo Restrlcted 2014Totol fund5 2023 Totalfunds E'ooo £'ooo Charity only Tangible fixed assets £'ooo 148 148 152 Intangible fixed assets Investment5 599 Current assets 2,412 2,000 507 4,919 5.345 Current and long-lerm Ilabllltles and provlsions 11,5221 11,5221 11,6211 Total 1,038 2,000 507 3,545 4,477 19. Related PartyTransactlons Lumos Foundation recognises Lumos Foundation USA Inc. and other mernber5 ofthe Lumos Foundation group as related parties. Transactions and further details are provided in note 3. There were no other related party transactions during 2024 and 2023. 20. Flnanclal Commltments At 31 December 2024 the charitable company had annual commitments under non-cancellable leases as follows.. 2024 Property £'ooo 2024 Other £'ooo 2023 Prtspèrty £'ooo 2023 Oiher £'ooo Within one year 42 101 Between one ènd five years Longer than five years 42 105 Llimos Foundation | Trustees, Annual Report & Financial Statements for the year ended December 312024 45

1. Comparatlve consolldated statement of flnanclal actlvitles 2023 2023 R•strlcted 1013 Total funds I￿ndS Notes In<ome and expenditure In<omefrom: Royalties fiom published books 1,009 1,009 Other royalties Donations and Gift Aid 3,574 127 3,701 Investment income 72 72 Trading income 63 63 Other inconie 13 Charitable Activitles: Grant income 228 2.802 3,030 Total Income 4,948 2,940 7,888 Expenditure on.. Raising funds -Raising donations and grant Income, donor communication costs 1,573 1,573 -Inveslmenl management costs Lease incentive release Cl)aritable Activities 1,926 1,460 3,386 Total expendlture 3,504 1,460 4,964 Net lexpenditurellincome 1,444 1,480 2,924 Nel gains Ilossesl on investments 151 Other recognised gains and losses 11551 Net Income 1,284 1,480 2,764 Re¢on¢lllatlon of funds: Total funds brought forward 2,940 609 3,549 Total funds carried forward 4.224 2,089 6,313 Lumos Four)dation | Trustees, Annual Report & Financial Statements for tlie year ended December 312024 46

-LUMOS20 Evffj Child Dest￿¢S a family 20 Yeats of MaklngttHappen LIJMtJs IUMOI- Lum05 Foundation. founded byJ.K. Rowlin9 Registeied in England and Wales No. 56119 Registeied Charity No. l 112575. company lirnfted.Gygua14tklee' wearelumos. Lumos 2025. All rights reserved.