REGISYEREOCOMPANY NUMBER: 08061944IEnBland and Waiesl REGISTEReD CHARrrY NUMBER.. 1149170 THE FJR THE wrrERFLY AvM_C￿Rr[y UM 12 Gathway N112UT THE BurrERFLY AVM CHARITY LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Pag Report ofthe Trustaes Independent Examinerfs Report ststement of Financial Activities Balance Sheet Not•s to the Financial Statements 9 to 14 THE BU￿ERFLy Aini_G.wrTY ￿E￿p TME TRiisfEes A THE YEAR ENP.ED 31 MAY2025 f￿a￿oI $lalem*ts of tknty year eTr1eO 31 2025. Im￿eeS haye •W the of a￿darKe the Rer*Nlry Stsrthrtt appf¢•ble n I1* Rerth of I￿￿ThJ IFRS 1021 leffetsNe 1 J3nuary20191. O&JECTIVES ANDACTJVMES ObJ•etfv•$ and akns IAllk151. The a&)p￿] ol L*"eLts are w false Èvents aThl promot￿r￿S 8ryJ donate Its woteeds COr¢L￿ research treatments for AVAls afyj fiNiir#J a tsj￿. There has been r($ R3dv)k)gi51saTha Tre3th*niikn. The Butterfty AVPA tharty 0￿¥￿je5 its a¥rfal￿. AS￿ 11*1 dre￿5 bs fft Il* thai or* day all their efforts c¢me leadw *def¥thtr•aknr45 arKI a ¢)Jr I￿TtERFLy AVAI c￿lARITY lIM￿ED RE Q.F_THE T OR THE YEAR ENDEO 31 MAY20 OWECTf¥ES ￿IDA¢TmnEs Signthunt a¢tiYiUes 8ullertty AVM Charity hJ5 UCL£OS AVKI RtsEarch team wluch 15 based ai Ur￿￿Er51ty CoLiege LoTrS)n IUCLI. G￿31 orr￿ sl￿ IGOSI. Ir6b%￿8 of Htsmh arys Ihe Fraws Crith Insffithe. 1&1 by rk Maaw P￿￿b)l￿j aThJ Pnjfessor VerwKa TrQrtsipr. as L¥a￿9 ¢Xrf Y￿th Lxjr I￿aIrS re5earth 0Tr1 ayreeifvJ a g3nl of £105.SW The Royal Free NHS (vryuW) ￿￿71h the VCL The projea 1$ liued 'Ddwbffj Mc4eoJL8r CelLlafMethar#srn5 In Va$r￿r Ktsrfomiatr)n5". This wojett in May 2025. ai thtr Urd%Yrgty of Ethnw GÈr*s C8ror ¢0 retJL41 tr 8 bLrttsrtly AVIA fuNkd kY)5Wo&oral reSea￿tr. Ths 8ddOmHI rese3id*r ¢mbark tyi an projea sueerwy cl ¢ngs on AVM 2ebpT6h o1atxy8bon￿Itte thNver5ity of Edth￿. Tr L¥)5tof¥Mstu￿ t￿ytarp￿rK*j¥mll te £179.n7. The ow ol Ilxs tesearth is"W sc¢ÈerriroJ ol carter bty) sryttrth3 da18 carKw *ll br￿ harbouriry Ihe same KRAS on partoty of an ￿ wro screen an AVIA to ￿rflore￿ in eeu type Roh wi¥ Ihen u¥) on kn thWJfy Fcod e appffjved sjrw In Ihe ￿ %itrD ￿￿en th¥1 hove rv)I been lrie¢ as veatrnprts&NAVMarkl thai eaTh bo iak•nknrf knrIeS￿ npaberrtcel S￿s aThVor in athl￿ mode&. owrK KW Va￿rt%. has d•7k￿bare0 of 8ne1tr5p￿t 5mag IntsrfenThJ RNA 35 Iherapoubc rfet)ts for C0Th11)￿S. swi foThvard. an orttK)wnal 3PPfoath to WgÈled treakn¢nl usr4 smau rtrf¢riffj RNA5¢Je5¥wed v. P&x2 EP RT TKET FOR ThE YENA ENDED 31 IIAY202 OBJECTIVES ANDACTivmES part of new co¥akntion ai VTh**W d E01￿J￿h. F￿￿r￿14. effed ol the we from OLY pu￿￿he dewewg be a ￿fe Iherapy ￿ the knJer rp kTh)YAe6ge in tlis ar•¥. V+* ￿ rwini speoft célL*w p*w 1101 raft t* larg¢ied to or Polenl immateAWs. deiaw CortL￿r map of Avhts. 71#5 mop ￿ reveal rfftJarui*n 8f¥J suprK*i the deveW)Of4 ol tsr9tled ther3wes. fx* fUr￿lThJ has akntd Royal Free Hoswral thrs mi￿SWIn0. fi0311Se and We Iwe th• ol a weahh (Pffjf Jaw Tw. Ilr Clw sm ￿m. Pmf thXe￿ Br¢okesl wrKhJ leadirg ￿￿¢¢￿01 sc*htsts {P￿r Mawè Pwf 88ithrMI Its er6L¥e the suc£￿ woject ond lis tra￿lat￿)n ¢kn¢. chrtW dtsease arby ￿ wwrtarKe of srveas*J reseath dwa%es by trjlh iha t>Jverr¥T¢ni ar ma￿￿tKa1 comparites. is 8ts0 ￿ Ihe GLirww ivjk ol Records as é%v of the 8AFfA3 sp￿1 IrK thanty is also an &th)r. off W*w. fa¢¢5 was rec*th 10 latk al Nakn in Ger*¥a lo fai¥ &Ya¥erw art¢ a￿j 15 n>)Y*vJ the kn¢fen¢s5 of Iha OL* raty of A￿ts aThl fv IKk of tss ¢0 m810 8 C￿rted effort to prov sufferets an ytty•ale %vebsrte rrfyw been u￿ated make n rnre iESP)nsve arvj u50rf(*ndty provKIÈs a seML* to rfoo*fam*s tho btssttrea￿ts arxj Iw ra6&J aKar￿*s$￿ on a￿Jme h¥h. Tho I￿lee$ hav¢ gwen ¢kn rewd io gLwJarth ty the ahirty ui Yhwi thv £h8nty $ro￿d v￿e￿￿k*. oimpw Iho rjuty ￿ Sea￿ 17151 orth8 3)11 Cttariies Ad ￿ have (Jue regard to guK18fK4 wbltsw bylJ* c0mmw￿. Detats ol ￿thE tharity¥ *e ale ¢elailed Gr4n¢maklnB wayol a gonL THE_NITTEBFLYAVM￿.HABIYYL1M RepoRT FTHeTr NOEO 31 MAY2025 FINANCLAL REWEW R•Sor￿ pollty 11 Is ttte ol thè • Ihat ILwhts t*¥e been ée5VJna￿l speok w 5Wd be m￿n￿￿e0 81 a level eqvNa￿nI lo ttheeft lI￿e aTr1 st< rronth3 •lmvH51r3bve support eXpe￿A￿e. The trltsiees o)AswJÉ¥ th81 feserbw al kns *1 eftsula ¢hal. kn the 8venl ol a s￿￿nI drop in Iwxlw. Ihty ba fo (*nbrwe Ihe chatsys tutrent acmies cw6¥Jeralw 15 to Ytay5 in fth15 may be Tts k8b*i of re5eTh*s hès General unresirtthd fL￿a £154.746 [￿$$nated SJTrJ. R8se4rth £171.7 twnaied ￿￿￿.To8)I￿L £30.O)J $0 gtaiefiA fol ts genEffjWS *9xry donal1￿ of G￿ffreY O• aTrJ R￿se1 *il h￿￿ our or¥JD',r4J Al tr*eTrJdth8 y￿. wwas* &Thfi￿￿￿1l￿peI>￿￿8$ £139.140 the ￿%?r il* thaThty of £78.16? n &Jdti)n to C126.CW taltrw from v* ￿l￿b￿l￿n$ fromG&Jffw oartya￿ JoRl•i RLs$￿L furtboThrg aryl sithYardslMpolth&dwrty. STRUCTURE. GOVERIWICE AND MAIIAGEMENT Go¥Yml•9 dtscurr•nt The r5 a compaty guar3ntee. as by tts (knrMe5 11 is wnwoaed by its g)vwnw Nor* of the Tntsiées ha5 arry L￿erK￿ IhE ihe t(￿le￿$ we w*mbw5 of thg company and 9varan*ÈtOWlWèute £1 8*ni ¢fa*?￿l¥j Lp. MrG (kni5ts¢jWa￿￿aI m¥*9vol￿d*rty. REFERENCE AND ADMINISTRAnvE DETAiS R•9lsto1od Company r•w#bor OW61944 **Wa*sl A•gi¥t•r•d ¢b•iilynLNnb•r 1149170 869 Hyh R Noth F￿Y Lorthn N12 80A Poge4 REP FOR TH RTOFTHET _YE4R ENDEO 31 MAY Trwt••s Mi G S Gery9*)u ￿red MrK PeriftyTK>U Owior Indoperyl•nt Examln•r Mr Phirporissipl￿oUbA(knTr FCCAFCA G. GeDfgeAssooaies 12 G81*rny￿th$ Riryway LwJon N11 2ur 5 reptsrt h35 baen wwared *) acuthrte sp*ial of Part 15 ofthB CornpariÈs P4 2Ct)6 10 smaUc0Mpar￿. ts bBWty. P•J8 S THE 8urrERFLY AVM CIIARITY LI¥￿E0 Ind•pondgth•x•mtiv*fs wwrtfoth•tn￿t¥￿ ofTh• Bult•rtty AVM CharityUmlt•dlkn Compan I repm to Lhe ￿nW￿ls￿e5(￿myexaMlnètsnQ1 theactourtsol theC•rtySJr 31 May2W45. R•spon51bfjUO•s4ThJ l>a81sof fewt As the charivs orth¢ I￿1 also for ts P￿￿505 ofo)mpary l•wl ytsu we for I trla%ir¥ saitsfibj rnyself that ihg 8¢th thorty h) amual d￿r do￿. Nikki The charitable rAwèrty *var4•30 of th& exempb)n ￿ propafft￿ fmar*4•1 Exp•thdhwe are reow*ed 0$ won a5 ss a tryal ct4gakn mmmrtbrKJ Il* tharity to thai exp¢rfituro. it ts wobabb L14ry1 a trarffjler of ecor*fflK ￿errf$ wil bp reqL￿ti) in seNe￿nI aThJ the amount ol 00￿JaIl)n <8n bÈ measwtyj reti3tty. EV￿3rtU￿ r& for OTr an ￿tI￿aL5 basis ar￿ Iw5 been rJassiW tnle( Ihai 4grffjale ¥1 C¢)5t rdaled 10 ￿ tstw. tosts ran￿1 bo dtye• aiir*xrtod Fund •¢eourtlng FL¥1her exr4anawJnol Is ￿J•1¥+I1? r¥tes to * fmano* $k￿MEnts. •ji￿led BS write tsansQ￿￿ FRS 1WI ¢)jntifi￿... ThE 8iTrrERFLY AVAI Rlfy ELUIEAR ENDECI 1 MAY202 OONAnONS ANO LEGA￿Es 2025 Tofal 2024 Tow luThl5 78.102 126.CbX* 78.162 126.000 172.665 204.162 M.162 172,665 INVESTMENTINCOME 202S Toial 2024 Tow fuThJs 6.692 6.692 5.317 RAISING FUNDS 20Z5 Toiat luThJ5 2024 Total furMJ5 r¥J5 53.S57 2.259 2.470 2.470 1470 2.470 55.816 GRAFifs PAYABLE Y)25 2024 69.244 68.029 31.S2S 31.5.24 69.244 68.029 04 Juty 2WL4 22A￿j￿ 2024 1 l N(wember2024 11 Novemb¢(2024 18Jarwry 2025 22 Awd 2025 Oi W3J25 £5.155 £5.156 £27.147 £5.049 £5.244 E13.0>) P•Je io ThE ￿￿TrEItFLy AVM CHA￿.l￿.[￿ED EQ.R ThÈ YEAR TRUSTEES. REMUNERATIONAND BENEFITS 14DED 31 Th9rè ￿￿e bomfts lor y•ar ￿J?) 31 Nlay 2025 ￿ for year endvj 31 May 2024. T￿rnwel¢ tK) ￿￿*$'e￿￿e5 ￿lIf0r1￿ >e8r 31 A4y2025IKY Y4areTrj￿ 31 May 2tr24. MATEft￿L T11411SFERS Atran51¥ was ￿je￿Ike￿ olE1D5.s￿ Imm thè knNI b tre I￿1 of VrMvw5ty Colbae LgThlon Ifor resparth grnnl5. ¢OMPARATI4ES FOR THE STATÉMÉiif OF FINANCi4L ACTivftEs Tobi INCOME AIID EI4DOYaryAEN￿ FROM D￿J￿r6 aThJ Iws 172.665 172.665 5.317 5.317 Tot 177.982 177.982 E¥PENfATUREON SS816 55.816 Rese•fth FUThj￿. r*s¥￿ted Tot 69.029 123 123.845 NET INCOME 54.137 54,137 RECONCILi4MON OF FU140S 162.725 162.725 TOYIL FUtr4DS CARRIEO FORWARD 216.862 216.862 DEBTORS.. A¥OUNTS FALUNG OLIE7hwfHIN ONE YEAR 2025 2024 9.313 )nwwed... THe BUTfERFLY FOR THE YEAR E140ED 31 MAY 202 10. MOVEMENT W FUNOS Nel Tra￿ Al 1.624 At 31.5.25 lu Genwai iuTrl 51.862 135,0 2Ce.384 169.2441 1105.5)JI 105X 151,746 171256 216.862 139.140 .002 TOTAL FVNDS 216.862 139.140 M0￿ment Gewal f 210.854 12.4TOI 169.2441 169.2441 210.854 139.140 TOTAL FUNDS 210.854 171.7141 139.140 Net 11.623 fur 31.524 Genwal fw 57.725 75.fK#J 122.166 (68.0291 1128.0291 128.029 51.862 135.oc 162.725 54.137 216,862 TOTAL FUTr•OS 162.725 54,137 216.862 luTrJs UNgsirfGt•df Ge￿1￿ f 17T.982 155.816) 168.0291 122.166 168.0291 177.982 1123WI 54.137 TOYNL FUNDS 177.982 1123.8451 54,137 P•Jo 12 THe BU￿ERFLy A TATEM E YEAR ENDED 31 IIAY 2025 R TN MOVEMEMf Jpi FUNDS. ronllrn*d At 1.623 ILnds I￿r￿S 31 5.25 GeT￿ra1 I￿ry 57.fd5 75.C 12315291 233.529 154.746 171.256 Deswated fL¥xJ. N￿k1 Treabnert 1137.2731 162.725 193.277 256.002 TOTAL FUNDS 162.725 193.277 356.002 V4)vemeni De5gnaiedftJ￿E.vth•mtyCAll&3P LoTrJJn 158.2861 1137.2731 1137.2731 1195.5591 193.277 TOTAL FLINDS 1195.$591 193.277 Th& Un￿￿Y Loth Iles03rt* FI￿ Qeai Om¥)TrJ S¥ed Hwprt•ll is 11* 9r*i payfflen Nthki iLrf i5 kn 8 fv lor fvrttw org)irvJ tsEa¢0￿ on Nkki AVM 0)Tr1itti1. Trnnsfero b•l*wn lur A Iran5fer was byeed tru5W sn the fin¥K3al year ol tI05.5C*) fmm 9eneTrl fuTr1 lo Dessn31ed fLWKI to rover rfjseatch L4)l&iaken AVM Corfition C4iw LO￿On G￿[orMC￿￿ Y1* b8lttrf*ol¢hs Dwthj firtl al the Yeare￿I￿a$ £171.256 OTHER FIN*NCIAL COMMrfMENTS The cjwnty has a commiknei* b) pty re5eath Inkn V* AW tyjrbjitw. £171.256 h85 bE¢n ¢esKJnated tsr 2025 to 2028 Pago 13 o)nbnug9... THE.BLrrTERFLY AVA4 -￿HARITyLI￿ITEI• THE FI FOR ThE YEAR ENOED 31 MAY 202S RELAYEO PARTYDbSCLI)SURes Py14