Obarltyr4lstraU•n rwJnthT1176459IEryWand W•ltsl CAREFREESPACE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CAREFREESPACE LEGALAND ADMINISTRATIVE INFORMATION K.NB C. Rkketts th•rtynurnb•r 1176459 C&m￿n¥n￿rnhT 10933982 Atylthr•d•ln(• The Fln5bury8JslThèsJCert 40eowllniGrton Lane London ECIRONE 1rA•p•nd•rt￿ffiINt AndrewSubr•m4nlim cl4 HW F15her Pmf•&ibn•15•ry*tsUmlted A(f• HOu¥t 11-15 WIll￿MI0•d Londoh NWI 3EA Unttod KITh￿•M CAREFREESPACE CONTENTS ThJste*s' ￿ptyrt Ststsmpnrof tru5te•5' responslbllft Ind*p•n¢•At Èom1h•rfsr•p¢rt 14nc• sh••t NDt•stoth• ftnincl•lst•t•m•nu 10-2Q CAREFREESPACE TRUSfEES' AEPORT (INCLUDING DIRECTORS, REPORn FOR THE YEAR ENDED 31 DECEM8ER2024 Th? finorKL41 Slatt￿er¢Sh￿￿bl¥rt i tothefiwnrlJl styternents •nd cornply th? Artic￿$ tsn 25 Ausust 2017 lJs I￿￿nded on 14 December 20171 ￿ dehned compl￿ Ind Ch•rltyes. St•ternent ￿ Recornrnended PTrthceappikablet020 wpwtoi*n Tefiect54D ￿vr ofl. m4ybe 4 lew, Ind very r•1•￿ In rrArn4ht brn•k HtrN**I. C4rth** hès trrtr tsJi ￿l￿e$ slnce 2022. lumplni Iiom 1.545 bre•*J do1￿¥￿d to 6.3Y In ￿ar TM nood ￿ p•lp•blo ￿n05t nine of teD 187%> urers t•knn • b￿lk wyth r•lrno s•¥ not hm h•Fv•ned wlthwt thts We •ro th•t c¥Jr nDtbxwldt nets¥crt ensuFes l•lr 4nd •qu•l Tr•TruSt••sconlrmc￿r￿￿￿￿ wlth ￿ rew5rtwrsrfs•¢￿4VII1￿thWftbty•4t2￿II Ind th• wNk ￿￿*￿t￿ld*rth bsued Ih*th•rftyc0rnrnh5bntrEw￿ft￿ btllm thatKuss to rryu￿r (% I 4hd **lI￿l￿OI1￿￿ UKsunpaid eir•rs. The￿& i •n e5tsm*t*d i mlhlon unKld hwl UK SIKQ Is ￿ C*theE h•5 IA*r E4 mllllon ol donJ*d hot*1 st¥0 t¢ 15.CWr4rEtt thJi aim htoen•ble I sTr*om fNt+*ry￿yrne ynpohy car*rtd let a bTe4k when they need tt. has been a IMUndb￿J￿IryIl•rfOrour￿l th*tty- knMhw¥4YJrfir5t rn•lnxre•rn rnodth camwlin thatA4rnÈred 3 miiiion vlew5 sodal rnedli. delfftrynumbErstQ Passour I0.LV)b￿Ikrn1￿0ne￿$•pI 2024. (￿r strath8k yl has trt to• r•al ol K¥p de4YhJp wlthkn t￿r •nd ￿lineSS rTr)dd. To th* end, . A 42YI Imwth ¢klP+Yry I￿54 twks) trfvJs1 a 2% Irth￿ Al **rdtture 1É681,021 ID 2024 ¥5 E573,584 20231 . AS9% bnc4JrLOltd￿£l1rtYI￿W￿ re￿r4￿r￿%t￿￿Th￿￿el￿Userfity￿ £183 In2023to£lCQln 2024. CAREFREESPACE TRusfEES' REPORT IINCWDING DIREcfoRS' REPORn ICOPMNUED) FOR THE YEAR £NDED31 DECEM8EA 2024 . A S*nfft(•rt Inuea5e 5n¢urteth capxty addkn4 LLS01 f**ns throuih a ￿*Trd of human SuppK •Jiofhbted rfwir& •nd 5elf*nrt* tot•s . o 93.7% 5.5ts1 satthcuon rat•. . A nWJltlpl*i Iry￿ rntrfj d XZS £1.75m of thed r1￿￿4￿ ty urdrs fot In op1rn￿￿ mst of E684,02L. Dlrect leed￿ck Imm r4rErs v51ry our Se￿ itso cemerts thh Impact pttwE. 9116 rnportty 4 *YlbElry IMPl¢YrtmenL 84% dtlni Impr￿*d ctspiry and 76% $byl￿t￿l xrfbalfy connected fDIWr¥ theli 68% h•dn't a bre•k lof more than•￿•r,•nd87%tOuIdn'thM &¥k*itrwt(4￿1I&4. '￿ It0￿6 v I1>￿￿Ule tth>t but wy# l hDrne. l umfvNrtq son" Our •nnu*l s(￿MI ts CoffmJrAty that r•lor urors th C4r•fr••. • rw.Li)J% rnnthv•l In 2024. Morfib•rthlO ir•w bthred 01 Hoatth Sothl C*• Acrnknt•4 p4tyM F￿d IrA*strnont fw t•ryet•d •xwnsloh In cryn￿lI1ftd Cwnbrld¢esh Ukn*ls•, our r•Mrkol hot•1 yrrn•rnw￿frorn 130to 1% *lthnoiit41 H¢t•b Ith• 4ryest UKfvnch15eq of InnE¥•ressl•ndGreeMK . A Mldden C?￿rPIt￿Mry￿I￿hc0fine(trtsreI5WthO•reThx lknkedtoeY4ttyseThlce5*1th1x•lsupport•fterthdr bre4k. An NJ ch•tbotprtyAdlrrfwi4.hoUrysupwrttorf￿v¢sy￿re A yrtnershlp Vo¥¢hsrfe. Innyrf•te UK w ¢n•We tre rrylstwkn of rwers ￿01¢ 10 to reduc4 . Custornix*d r•w14 to wd{om￿th yrtfi•rs f•r41r•￿ f••db#klrom tho arnr$t￿h￿ h• Our ¢hiw Tr*appens tsmw¥n- i t*rf*i Offr￿ *Mo￿• Wrn5- the IW ewr*nce5 01 unwld ur•fs Into pJblk v*W Fe4iyrty •Jw Casty, ljuslt, S•kt*n. flkrs uwred exhaust￿Tr. ILN•, 4Ad trnn5formlt￿￿th1f defiMthtaeryffjl••nlthE Produced bono b Pr￿r(¢. Hryrih Gr1rnE￿I P4rk st￿ ue41trrt uty th• e&mpJlgn rnath•d ty*r3 n%lliDnTrknhw5 Indpneryted 10.778dlreu dkkjtyow Wtlorrn Tr umpo*ns reknas* ¥¥lth tyjr IOAXth mlkstone iKtyJOtd rMd4 ¥Wrtrtes such x ih Ihtervlew on BBC ATr•Dd•15umrib *rnll, C4relrt*'sFal remalMthbemff*a rnahknsel1*J#a￿thI¢￿ty2o2?. Ourmly&&incoff* rrr*J*l Is based¢nQJraiifrtytsStturepNlaMbroplcstywtiv￿S￿￿1¥fv￿￿￿•1t wP*t bJlklyp(wre•rn*d Incoffle streaffls towJrd5 i*c4mir*a majority *W4uStaiThr*tharRy.***￿ Watefults W1￿￿1U￿y￿thI Irf4estr(*nt fiomihe Frederk￿sF￿hd3titin ènd bIer￿dfi￿￿tr￿￿th*Thr￿Tc￿htrFUnd CAREFREESPACE TRUSTEES, REPORT IINCLUDING DIREcfoRS' REPORTI ICONTINUEDI FOR ThE YEAR ENDED 31 DECEMBER 2024 The ÉSO.CMX) Fredertcks Found4￿¢Th soc￿1 If￿1rne￿I rnide on è royenue partlcIpat￿n ba51s, w￿h the total repayment not exeedlDg £65,000 at)d r¢piympnts ycheduledt4 (omrnEnce In Juty 2025. 51rnllarfyi repovmEnts Oilthe E75.000 elEment ol the b￿nded we from the Thr￿ Together Fund hove a 12-mDnth repjvment hollday OD the capltsl ilemEnt of th• fininclwho**¥er. Int*rost pJymèAbdldcommence Irt)m July2024. c4T¢fre•￿s￿JdI*t1d10rIh1 Trpl￿ni￿n5tsl￿¢ThtsIhéI￿IIl lo11￿*0￿ illo11￿$odill￿¥￿Irnrntth*t It'sf•c•Wwthre 2021 yw4 69%8rowth oure•m•d Inr4rne from £115,793 In 2023 to£20L755. Ourwil h•d been te 8row wr eirned Income to cthtr 31% of Oui operntlni rosr5 In 2024. whlrh we ichleved, ènd we hope to see eèined IDcorne r15e to CaV•T 38% of our costs by rhe end of 2025. Trusteu Oèfiitt pasklon itye)r*Ad, a resutt Dlthe yor￿1 InwstmpTht£iriièd bythq oryn15atlon. Ind •rec4rtfideTht1nour•WItytO Ètsntlnyeto mèètourhin revvment obli¥atlDllS. C4relrn•l e4rned ind thn4t*d Inrorne for 2024 E84Z.271. whlh txpend￿V￿e 5wod * £fj84,011. Trutt••S monK*r the c•sh pOj￿0n •nd hn•nd•l IoTrc45ts very cbJ5•1y ind (onfimi tholi coniifflulD8 SUPPOrt for the ¢14rlty. The Trustees hove J re•soNble e¥wctsyon that the ch4rlty wlll hive •dequ4ti rqsourcts to contlnue to 8ipw115 operytloDs ovtr the 12 rnDfith5. The Truste•s thuS￿nI1￿￿t0IdllptthI￿Irrtc￿￿Qrn b•slsof •CeQuhtlni In p￿P•r1￿1h1l1M4mtI¥lth1eM1nts. Fundrnlil DIS￿le th* tonnctlon IN Iht wlder S•Ltor. 1024 4 lindrmrk Ye•r for clit1￿e. stcurtni • OTre￿ff rnilor cotporth dohitlon from T*mpletoD £￿rAInI Markets In¥e5tm•titTIust nEMITI tor £288.155 W• vjeie d•lSihtpd to slcure • mlx of now Ind COntlnu•¢, unrnstrkwd iTrDtsfrom o'oyly Carte ChJrt1ib￿lru¢ I￿91phft C￿rI¢•ble Trujt, Th• AlyN4T￿li Th15obell FvuDthtlon,fhrWToi•thotFund GThnL toi•th•1tot4111￿£369,4oS dltknM1l￿ k4YrnStdct•d lorthlip•rlodlnclud•d.. Cty 6ddi• F4unditbn- E160,500 Inw•r uut of • wnt * ¢¢rrt•rt El.5rn ¢1 donDt•d hot•1 it¥try lor S,ZOa London-b•seduT*tsQv•r3 Clothwork•ts Ftsund4iivffl-￿7ooroiyird%• r*ww•bskn. C4rnw411 CourKII APF Grnrt-£27,150 Mcqlwd lffl.Ye•r lor4 tWO.W41 proi•¢tvlu•d * £55,OCfjtO•xp*nd tsrefr•¥i mDd•l In Cornw411 lfflnty41ts UK E9.600 commltt•d but not r•¢I￿d In yeir for ￿Tk v•u¢hyts ro enabl• vJllhout photo ID t4 i*11st•r￿th ￿r1*Fvl￿. Thwih ￿ hjve our mDSt SUtteS5fv1 fvDdr•blni ￿•tt0 d4t•. w• very consdoui of how It Wll bE to ￿Int11Th thlt othntum tothy'i fundlw ¢llm4t•. Ourtop pilDrlty wlll be ￿ cortlnjè to ourthJndln8 rufflwly to Qn5uie our Jbllityto In￿$t In the •ddltional le￿u[c¢S IprlDclp•llv peoplo. tKhnol4y ind JWJfeness-rtlSlnKI needed to sule ihe charfty's re4rh 4Dd Imp•ct, RbkMinwm*nt Th* Board's ioal 55 to rn•lnuin ¥ ro￿￿1 and trnfi5pl￿nl frymeby)rk foi IoMc4rtln& monltorsTh1 JThd addm￿l￿8 rtsk* 14¢È¢ bv c•rnl￿e. th05t reknnt to * toeh d11￿1 eh¥rfty pfferfn8 Innw•tké• *Mt•S durfnl • Irt•n￿ economlc & pre55ures TluSt•*s ￿¢*1￿ rDonthly updltes Ittjrn the CEO yovlde eRectl¥e o¥e(SWht of the chlrlty's actfvI￿e> to mitwt financl•l, st4ffini. operntknffl Ind rtputttbjn rtstsfKlwtheoryan1sa￿oththroUSh ￿ qvOrter￿ board rneètlny. It 15WOrth Ur￿tr11nh￿lhe need tom•nJ8e ￿n$￿É￿e￿IlYtn1he rwttrtudeofch1llenie51acedbyourbenefic￿rIe$. A51 small tharty, 1115 InctEdlbly lrnportantlo¥uS to mike ffveryende￿rtO T*tain uvr￿St￿nIts1enI In ?024. ID¢ollaboration wllh Our staff. ￿ deyeloyd a employee handbJokth* lrtrodu(ed4 ranee of new pDIIE*scentrpd on ImptDvlnE5taff wellbelwand mOrefle￿breWQr￿ry. CAREFREESPACE TRUSTEE5' REPORT (INCLUDING DIREcfoRS' REPORTI ICOIMNUEDI FOR ThE YEAR ENDED 31 DECEMBER2024 In oddrtlonto rneetln8 ouarteTIy4ndiondurtlnz Jnnual of all of the oryanw￿0￿s pollcl•sand pr¢¢edvr￿tfre BoJrd kept0 rlose eye an ￿ risks 4nd used i reiularly updated Rlsksscorerard to understand hDWthese chaTried over tlrne. ID 2024. one of the £hJrfty'5 hifhÈstrlsks relatÈd tot*amtspacity. a5our crotook adoptlon leawe and ourCEO ?I50tooka perlod of slck leavtttsrecover from an opÈfjtlon ￿ also good￿e io two members o15tsfl. which TpquI￿d 3 tarÈful iÈstrnthsiin8 of the team to mwlntaln del￿ery and re5111eAce.Abng51dethls. CP membershipuptskefell belowtar8er Jnd lundlni r14k> Tpmjlned JconcerDthrou{hout rhe •r ThÈ5e pressures vlere eased towards thE end of 2024 when, wlth the sUPPOrt ol our ChJlrol Trustees. we secured • £288,155 dpnatlonfrom TEMIT. consid*r4blyxtrenuthenln8wfpD5tt￿filosn￿ Intts202S. Flninrhl Our Income wos É842,27112023. 431.34914nd ÈKpEndlture w15 £684,02112013. £673.5841. wfth £262,301 c4sh Jt b¥Dk In •¢ y••r end io see US Into 2025. Thls Is lThcluXl￿ of a E98,660 wrplus Ih r•strlct+d Income 12023.. E30.B591 and £183.579 defftlt unrestllcted InctsmE12023. deflcit tsf £274,0241- Ov•￿11 net•55etsstood4t• dEficltof £84,91912023. deFtttol E243.1651 based on newJndextstlnisoGl•iife4tsiM•hi. Th? charlty's onnu•l budytlni process Is kupp￿￿nted by • monthly updat• of p•rtoimènce and i revlew ol the flnanc￿lI Outlook forthe next 12 month5 Oeclsknnsw•f* ItiulJrly mide to miThi8• tht relourt•S Ivlllbble Includlnito deter staff iecrultmem Jndl to obtaln support on o short-t*rm ￿515. The chJrlty'S prlncip41 cost Is Its petyplE155% ol totèl expendlturel wlthout whorn CJrefrq¢ ¥JOuld slrnply not hive delMf•d its well.Acce5sln4ntwfuThdlW espErl•lly unrt5trKipd, Is espiclallydmctslcyet crltlcolto rnJtchth¢ Ni¢e55Jryfl•xlbiiitya yojnilith-bo5edcha￿ty needs. wh•iewercoM-elfectl￿the chjrlty hJ5 W￿¥r¢I0￿Uppty1Ohelprna1nt44n Its optbns. Our CEO contlnu•sto ￿ • TrsWCt•d contr4butorto ir•ntm***ry, Imw¢t Ire4•*4rs•hl rth•rffuhdiniIft￿W. A•MrvHPollcy The re5erye polw • iwl f•tth• ¢h•rlty to hdd thM• rnonths ol cor• •xpons•s In th• r•s•r4*. Th•* 0xpon￿ Inclu •ple costs. prernlsos costs, Ind prOf•s5￿￿4 wrvlce5 ThE J¥erJ8e ol cole eMpen5e5 Is ulcu14ted annually at the tlrne the Bud rgr e•ch ye•r Is esthbllsh•d ind iiio•d upon byih¢Tw>tqeF. AGroH 2024, the ￿er￿e rnonthty cost was E57.311 At yeorend. th• thirlty hod £209.369 In CuT￿nt assèts l•*s 0Jrf•Tht114blll￿ls forlrnuyn15 14llln8 due wlthSn one vepr. lJr8ety Ow1￿ to repaY￿nIS on oui exlstlni 50clal Ir￿￿tMent. Trustees rec￿￿11* tho Importènc• ol bathThtln8 J¢nerJiion ?ylnJt the rewyment requlrefflentsof the 50clal Investment th4tYée rnc•lvod o¥•rtF* listthrn• y•4N, whichli b•iNpw•thv•ty•ddrtsiedthrouth• comblnatlonof SecU￿d ironts ind¥Towlnie4rned IfKOrne. Aild•fmmtho op•Mtlni ￿$•The. nocthei ieserwi•r•uJir•ntly de•rned nKeIiaryorwslb￿ byth•TNtt••s. Stru(wr•, fjO¥*minc•4Trd Mirb¥•¥Mnt Ov•mlnigouJrn•Trt The tharlty Is controll•d by its ￿ernIn8 document". tt5 Artk￿5 01 ￿SOcI4110n adOp￿d on 2S Auwst 2Q171•5 I￿nded on 14 Decernbei 201711£ d•flTh*d bythe CompaniesAct2LbJ6. ¥•nlutlon•l StruLtul• The charityls govemÈd byan Independent BoJrd IhJtofler$ 115tSrne, skllls and iuld4nre wtthout chèryt. The Uolrd rtvl?¥v5 tyJ51ness lans and resource dEployment In the contextof C4relreesTheory of Ch4ny Jnd rn15slon to promote sotial t￿￿￿. A11 pollcles o reYiÈwed on an annual basls The Boèrd meets foimJlty 4 x e¥ch sY?T wllh ￿dItIOn￿l support pmlded Infr>rmally ind refie¢iin8 the eyrtlseand exper￿nCE0f ouiTrJstees The rtcrurtment of Trustees Is undertaknn on Jn open Jnd compeutyv trJ$15 due ron5Weratlon of the netds ofthÈ charfty and Its benÈficlafies. No hÈwTrustees Kles were ueated In 2024.The bwrd has rene￿￿ rt5cornrnttmenitotheCode of Governance for smallerchJnties. The B￿rd del*ate5 d￿￿t￿dtyman11QrneTrtOftr*ch1rtyto thE(h￿ExecUtIVe￿Tr￿ senhy manwm•nt.Th* s*nlorthaM8ers aTt t•s*d lrnplerneDtirfth&stratrfyAnd polKiesadopthd, and w￿h1n anannual bJdiet appmved by, thÈTNst4ès. 5enlor rnaDaymÈnt ￿pOrtS re8ularty to the TtuStÈeS on thè art]vh￿S undertaken In manailnÉ the charrty th repwts Includlni updatÈson finantialforeca5ts,thestatus of kny rfsk5and any5afeguardlni155ue5. CAREFREESPACE TRU5fEES' REPORT (INCLUDING DIREcfoRS' REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Th* Buird has beèn e5pecla1ty fttu5Ed OD the 5ulncleDcy of tht chJrfty'S resources. In Jpp[o￿nI thls Heport Ind accompJnylni fih*ndJl st*em•hts ind t•klw ltrwnt of comrnltted p[osyrt￿P resources. the BoJrd h Satlslkd that thÈ th*rfty ty ¥ iolni nrer The tiusttts, aT• alJo the dI￿rtOIS for th• ot cornwny law, and who sirved durln8 the year up ro the date S￿1t￿l•¢It￿*fim￿cl￿l 5tsrementSwer•'. D. Ktyers K.N l. Mac C Rlck*tt5 Ex•¢￿t1￿1￿m,V01￿n**¥Tr¥Trd Corrtulllrrt¥ In 20Z4, CJftfr•* • 5mill seniof ttlm SUPpart￿ by 3 thfl. Cll8nls¥nt ol Ihp n••d to maTrJie flx•d costs. we •loct•d l• 5tsPPQrt the te4m vAth wld-for technoloty ind lundrnisiN C4nXultsy. We slinWlc4nt *upport from th• t•th comthJnltywlthclT¢•21 ￿ftWareC0mP4n￿1pro￿Id1nIthO1If0O11 •tfr•• Ordl¥¢¢un￿d r•tei. Th*Tryst•E5' fopDrtwaiAwty*d ￿the Boird ofTrJit•qs. CRIC CAREFREESPACE STATEMENT OF TRUSTEES, RESPONS181LITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Thetrustees. who are J150the dlrector50f C4refreeSPKe forthe pufpDseof company law art reSPonSI￿e forprtpèrlni theTrustees' Report and the fln4ncl41 stotements In accordonce applkaN• law and Untted KI￿d￿M A¢countln8 Stsndards iunft4d Kln8doffl GenernltyActÈwedAccountlThi prnctlcel. CompJny Lawrequlr*sth¢tTU5ree5 ro prewrefftn•nclal 5t4tementsfoi each1￿￿¢111yearwhkh i￿e a true and lJlrvlew of the stèt• of aHLlis tsf the charlly Ind ol the IrK¢rnin8 resources and aP￿ICatIon of resourcu, lrt¢ludln8 the Income ind emwndiiure, ol t (￿rItable Comparrytsrthat￿af. In ￿N￿￿thISefinancI*II￿1Irn*nts, th•tiuiieqs •rE rEqulredto.' -s*lect Sultsts￿ ace4untynipolk￿5lDdIhe￿1Pp1Y them cons&t•rtttr, -obs•th tho m1th￿sInd prfn¢Ip￿slnthe Char￿￿$s0RP,. -mi*ludpments ind Qttlmit•s t￿tar• r••soh•bl• •hd PFuthnt,' - Itate wh•thtr •pplICab￿ UK Ac¢wAvn¢Stsnd•rds bqtD Idhw?d, Jubiertto •rfy m•t•rfol d•piffjJr•s And eXp￿Ined Ihthe flNn¢￿15I0lefflent%,' bnd pr•wr• the finonc141 st4t•m•Ati on th• pin¢e4n¢•m b•sli unl•ii h li Inbppropr14t• to pr•sumE th* thq rh•¢lty wlll £ondnu• In operatk>N. Th•truSt•*i*re respon5IbleforkeeplDiadequ4re •cc0uffltl￿reCVrd$thl1 dls¢b5e wlth r*Jionabl•iccurncyat4rytlme theflDinc141 posltlon ol the rh4rlty Jnd enible them to ensure thJt the IlnJnclJl stitementicornply wlth th* Companies Art 2￿6 They •re J15V rosponsibi• for s•fe8u•idI￿Ihe iHqts of th•ch•rityJnd hinr• for r••wnibl•xt•w lorth* prnventlon •nd dtt•£tlon of froud CAREFREESPACE INDEPENDENT EXAMINER'S REPORT TO THE TRUStEES OF CAREFREESPACE I report to the tnjsttes On ry eyaminjuon of th• firtan¢l•l *taitmEllts of Cornlr••SPX4 (the charity) foi the yeJi ended 31 De￿rnber2024 Respon￿bIl￿t$•n￿blslI￿rIp0rt s thE trJst*È5 of the charlty land al¥0 Irs OITeCtots lott￿ olcompany IAwl, you 4(• respons1￿e for rhe pFepa¢atltsn thfinanciilJtotem*hts In K￿rdIn¢twfth1hl r•W1re￿tsQ1 thTrComwhl•sA¢t 2th)6. Hlvln8 satlsned nTrs•ll I￿r th• 5tattmènts ol the charfty Ilt not requlred to be auJit*d under Pèrt 16 of the CdrnpJDks Att 2006 Ind olKllble for Ind*p•ndent e¥JmlNtlon, i rtpDrt In rupect of ex•min*tloh Df thv chJrltyS fln•nclil StitEr￿nts urrledcut undEr xcI￿n L45of theCh4rltlesAct 2011 lffl urNn8 Out myexJrnlnJtlon I h•¥tfollowedthe Olrecrioniib4entytheCh4rty ¢omrn1551on undEr 5ectlon 14515llbl of ihe ChirftlesAct 2011 Ind•￿TryI￿ **nIn•￿￿#t•￿qfif Slncè th? Ch4rWJiT￿1 Ir￿rne t￿1•dId E250.0￿). th• lThdepEndert eMmln•f must bE a rnember of 4 budy IlXtÈd In 5ECtlon 145 ol the Charfues Act ZDII. I coThfiM th•t l im qu411n*d itr undertako th• •x4mln•tbn beuvye l am J mEmber of Th• Instthte of Ch•rt•rnd AceouDtsntsihEnW•ndJndWal•s,thl¢h lio￿Of thelhtsdbodll$. I hm cofflp￿d rrry •¥Jmln*hin. I tr>hfirffl that nLI Ntt•ry cornt to nv btt•nti•n In bereachod. AndrewSubr•rnnl•m lo HW Flsher PMfesS￿￿ISoTrk•SLlrntt+d Acre Hwse 11-15 WllthmRoad London 14WI AEA CAREFREESPACE srATEMENTOF Flf4ANCIAL AcnvmES INCLUDING INCOME AND EXPENDITURE Accour FOR THE YEAR EIIDED 31 DECEMBER 2014 Totsl fvnds fvnds 2023 2023 DOnat￿nsand ￿Eac1￿$ Charitsb￿a[tThlt￿5 Othertsadin84cthl 384J41 15L4L¥J $0325 6(8￿1 15L4L* 5032S IM.642 87.043 14716 2413S8 87.043 173 In¢om $7m5 S7￿2$ 255 8422n 227ts 2D3,741 431.349 P￿ISIr￿fvAds CharitabLtathtt*s 1.642 653379 5&L 465ffj23 IB7.756 211405 618.530 ]B7.756 46L179 21L405 673.584 funds rl ,443 250 1248.tsll 1242.2351 Ot￿rE￿In￿or￿Ss￿s (721 45 67Wi 158.246 I2￿192) 12413071 Fund bAla[￿SatiJ￿r￿Jary 2024 1274.024 (243.J651 I￿.8)?) 24.974 Fund ba￿￿￿$￿t31 I1￿.57>) 1fj4JJ91 I174￿4) 1243.1651 Thes¢atEmentoffinartc*la¢ihithstrKkth5alDM%arAIty￿sesfw￿eJ kn￿%￿r. The 5trt¢rnent of finandal CLryk5 ￿ the rem*¥n￿ty ewidfture under th CAREFREESPACE BALANCE SHEEr ASAT31 DECEMBER2024 aM*ts 4.252 Oebt 393?1 26U)I 55,616 XIL672 (9UJ31 53,994 17Q4711 IIZ.4771 ZN349 1284,9401 N•t 124>,16SI InraM•lur A•stikthd fvnds unr*#iitt*d fvnd5 30.859 1183.579 Th? •ntrt￿d to Ih 477 Of￿ Cthmp•h*5 Act 2ffj5. forth• •rended 31 D•cornber2024. Thi dirtctors ickn￿ld￿ thelr reSp￿￿￿rt￿ tnxufjni thAt thiity tr*tP5 K(Ourt1￿ r*(IK45 whlth Comply ￿th Sert￿n 3B6of th+*xE lry p￿￿￿nI￿ND￿•I 5t•iernents ¥thkh tryE •nd l*rvlew of the st•t* of •ftslr50f tho complny 15 end al th* finarKlil ye•r ind ol irurn5ni Ind fdyyJTces. Irrtludiw b Inr¢r(* ind expendlture. foi the nninclJl ￿￿r In wfth tt* requ￿mEnts of *(1kn75 39• Ind 39S •ThY *hkh LXhtn￿le cofflp￿ ￿th the requlrerneDt5 of thecornp1n￿￿ACf 2C(45 It￿1r￿l￿fiMr￿b1r$rète￿￿nts.so1Ir￿IPPlkIbletQtht¢0Mwrry The fntrmbers llot Mwlred the r¢¥r•Jry 4n or Jwternerts for thE Ith sÈthon476 These nnirtdal strtemErt> htrrt teeTr *lth aFWknt4e to COmW*5 5ubJEtt to thE ￿*11 mpan*5 rnwrnt. lo g¢*..y.. 2o%S C. Rklttts CAREFREESPACE NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2024 Carefre*5pact Is a prlvite company Ilmtted by iuarantee Incorporated In Eng￿n￿ ind WI￿$. The rel￿tered 4ff** Is Th• FSnsbury 8uslneM Centr•,40 BOwllniGreen Lam, London, En￿and, ECIRONE. The Ininclol stitEments btih prepJred In atrordjnce wbth the ch•ilty'S iOverrtlnÉ dDOJmènt, ItJArtkles of AHOc1èt￿n •dopt•d on 25 Au8USt 2017 lili￿ended on 14 De￿rnber 20171 as d&fl￿d by th• tompihh•s Art Zo￿, the Compan￿% Act Ic￿ and"k￿￿￿tIng and ReportSn8 b¥Chir111È5 Statement tsf R•tommÈndÈd pfAUkÈ appikable iochorltie5 preparI￿theIr IC(Ounts In Ircordance the FlnJnc￿l Reportinestondard bppllciblè In thÈ UKand Rewbllc of ITehnd IFRS 1021 (effect iJ*nuary20191'. Tho¢h•rV4 lia PUNIC B•AIltt E￿￿1$dI11￿￿d byFR5 102. Thechbrfty h4S t•k*rt4dYant4y of Pthlslons In tMSORPforch•rfUe5JpplylniFR5102 Vpd•te Bulhtln I notto w•pare Ststerntnt of Cash FI¢w5, Th• f nincl•l st•tements w•yr•d In st•fllw whkh l* the functloNI currency of thtch•rlty. Monot•ry •mwnis Ihth• hn•nc141 w¢•rn•nt54r•roufid•dtvthq neor•tt£. The Iln4Th¢4•1 5Ut•m•nti h￿1 been prepared und•r thi hlJtorlr•l cost corbventlon. mod11￿d to Includo th• W￿lu￿tIon of fr••hold propeth•i and ity IrKlude Investm*nt wopirtles Jnd certiln IINnclèl Instruments 4t lil¢ ￿1￿1. fv ylDGlpJl iCCaurttln1￿kl1s Ddopt•d•Msql out b•low. LZ GOI￿{0￿￿￿ TruSt•*5 •rctprthe dèlklt poiklon rfw•t4fid, l•ry?tyw¥ln8to ieptym•ntsonouf•xknVNiO¢1•l InbYstrn•ntthat*llltsll d ts¥•r th• seven ￿lrI Carelree his budKttpd these rtpoyments. and y1￿h clos• mDhltOlln8 ol ihe or8inlsotlon's c4sh posItIoh4nd Iln•nc￿I lorecalts. twstets(onllrmth#ii ¢tshtlThuln8 5UPPQrtforthe chlrlty. NJ of dite Df th1￿4cCount$. tho truXt••X have • ￿•30￿•b￿ expecutlon that the chirtty wlll ￿￿• resources to contlnu• to IlQ¥v Its operjtlons o¥ei th• comini ￿thr. fv tr￿￿ee5 thus continue to athpt the ￿hnl ¢on¢Èin of KcoUntI￿ In pr•pirini the fin•nclJl IJ Chirft•bK•funds unrÈstriuÈdfund$4r•4V4111￿1 lorus• *th• 0￿(1•t10n ofthe Iwjteu In lurthernnc•of t￿11£h*￿tIble oblectlw41. PAstricted fuTrYs are sub￿1 to splcthcwndltkns by donors or ir4ntots as to howthev be us¢d. Tho purptsM* •hd uses of rnstrktedfund5areset out In thtnotes to thefln•nC￿1 stathrnonts. Inrome 15 recg8nlwd whÈn th+ 1> ￿￿lIV lntlfjed to tt Jfter•ry perforMa￿e cOndh￿nI been met, the irnunts un b* measured rell4bly. and It15 probJble ihlrinc0n￿wlll be recel¥ed sh donat]ons ￿¢0&￿1$ed on recelpt. donatlons a￿ ￿(0$nIsed tsntt thètharlty noiiiied of the donauon, urtltss perfotmènce condltlons ieguiie deferAI ofthtamount. Incometsxrecoverabl• In rekntlon WdoNtlons recelved tsndÈt GfftAld ordÈedsofccvtnant15 recrynlsed *the timeolthe donatlon. 1.5 Expondltyx• Expendlture Is ￿C0¥￿￿ed on an accrual ba￿$. Elpendtture I￿l￿deS anyVAT whlch cannot be fulty lecv￿red and Is r•pDrted ¥£ partoftheewÈndhu¢etO which ItrelatÈs. These tOrnPri5t the costs auoclated wlth attTrctl￿¥oIUffjthry Incorne, 50urclng e•rred Income Jnd Invesrmefflt rnJnaiemEnt CO5ts'. and Jlsts the costs Incurred by the charfty In the delfvery of acU¥ltlu ond servlre5 In the ￿Jrt￿rn￿¢e of obl*L Includln8the8overnancecosts 10- CAREFREESPACE NOTE5 TO THE FINANaAL STATEMENTS Icoi¥llNUEDI FOR THE YEAR ENDED 31 DECEMBER2024 A¢wJntlr4polld Trrylble Ixed a55Ets are In￿￿lIV meb5ured ar cosr Jnd rniasur•d •t cost or Wdluatlon, nEt tyl dÈprtt[at￿n Jnd any Impairm¢rf ksses. Depred•don l¥ so is to wffte off the cost orvJluJtlon ol J5Xt5 ￿51th*If reslduJl ￿lUeS o¥er thelr uselul Il¥e5 0 the follo￿nIb￿ses'. CDmpute 25% str•l8htlln• Thi Vln or bss arfslni ohthed15P05JI of on J55et lJdtt•imsned4J thp dlH•t•nco b•tween th• proceeds the of the •s*t, •nd li rwn15Ed In thestst2r￿￿t01 nh1n￿lIlrtMlIeS. 1.7 Imp•lrnwntalfW •55•11 Are•ch reportln8tnO date. the ch•dty re¥lews the ciirylni amounts of Its t4￿1b* J>yrtsto determlne wh•th•f th•rn1$ 4hy Indlutlcn t￿t th¢￿ •55et5 5ulfered lrnpalrrnenr10ss If JDY such IndI¢*￿Th tyitts, the rec•v*rnbl• amount ol tho •ssttls ostlmth¢ InordErtodetermlnethe e*entof the ImwlrmqTht |0551W Jnvl. 1.1 C•th •hdaJh Iqu￿• C41h •nd ush eguIY41ents Include ush In h4nd. dtpostts h•ld it coll vAth bank5. Other 5horto•rm Ilqjld IrNe5tm•nts cdiinbl ffillvrflles of thret rnonths or le55. Ind b4nk overdrnlts. 84Dk overdraft$ 5hu¥vn wlthln boirowlny In currtnt L9 Nmhtlil Inttrunwn¢¥ Th* ¢h•rty h•5 eletted io •ppty the prw141oD5 of 5ectlon Il'BiJlc FlnInc￿l InstrvmEnts' Ind 5*¢tlon 12 '1)ther FIDinc141 IhStrumEntslMvEi'oI FR5 102 iu ?11 of115finjnr￿I InstrumeThts. Flrt•n¢i•l lfi1tnj￿￿ty •T• r•e4inix*d In thi ch*iity'5 bi14hci ihttt wh•Th thi chlrfty bt¢off*s p•rty to th? contrictU41 VtyLilortiolth•lhltrutii•nt. Flmncthl issets •nd Il•bllltle$ are off5eL wtth the net •moufflts yuerted the tIDDnci•1 it4thmiThts, when thtrels J le4all¥ •nfoTcoIb￿ rtihtto set oflthe recoinlwd irnoumiJndthere15 In Inientlon to settle on è netbèsls orto ￿￿1152 I￿45$etI￿d Bpsk flnanclal assets. whkh Indudo dÈbtorn •ndush and b4rt1 b•knntÈs, •re Inh1￿11¥ rne•suf•d tht IrJnMthon prfcè Intludlnl tr¥h￿￿10n costs are subsequently urrfÈd •t 4mortlsed t05t the eflectl¥e Inter*st method unless thE 4rr4n¥emEnt n5tltuie> A flnanclni traDsKtlon. thE tra￿￿CtIOn Is ￿lsUrEd Jt thE presentvalue of the futurÈ rErelpt5 dlscounted •ti rnarkEtr•ie ofintoiest. FlnoDdalJMetsclwiiw IsreCe￿￿￿e wlthln one￿lIare nvtJrnort1s4d. BJ51cfinantlal Ilabllltles. Inrludln8ttÈdlt01$4nd ￿nk lo•nsart Inttsilly ￿r0¥nIsed IttrnniictbD prkÈ unlE55theirnn8em?nt CODStiiute5 • flThèncln8 transJ¢tlon. wherp th¢ debt inSttum8nt 1> meJsured ai thE p￿sEnt value of the future payments Dybt Instrufflents&rt subwUentlycJrrfed•rJmurt￿edCwt. uslrrftheeffettfvelnterest method. Trade credttotslre obllytknn5to pay fOr￿d$Or5e￿ICe$that hèvÈ Jcqulred In the ordlnarycour5e of operntlons from suppller5. Amounts Ila5$1fled £5 cuirent Ilabllltles il payfflent 15 due wlthln one ve4r or less. If they are presented 4s non-current Ilablll￿eS. Trnde credltois ale recoÉnlsÈd Inltiallyat trnnsactlon prltr and subseguentlv mea5urEd at amortlsed cost uslrrfthe effert￿e Inte￿$1 method. Financlal Ikbiliues are ￿recO1￿]Sedthen thecharWs contrattualoblWlun5expireoraredtychawd orra[￿È1*d. CAREFIIEESPACE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER2024 AewJNN￿p0l1d1I lconrlny￿j ThE(￿l￿VIS exmptfromc0ip)rnt￿Th￿X0￿ tt5charftabl• •rVy￿1*1. Lll Eth￿0¥ee ￿nIfI The wstal anyunused holk1tyontltl•m•ht L¢rEcryn15ed In th•p•iknd Inwhkh theempknyee'sseNlce5JfereCE￿ed. Terrnin1t￿Tr bohtffttsore recoin15ed lrnmedlatttya5An e¥wnse whenthe ch4rlty 1sdemgrtstr4btycommltted totermlnatethE emp￿¥M￿nt￿¥ne￿knvQt¢rIOprOVld￿t•1Mln*￿n bentfits. 1.12 R•tlMM•nrb•Th•ffts P•ymEntsto d*flTh•dc¢ntrlbut￿￿ retlrementb•n•fftKherne54rechirzeda$4n ￿pEnsI*#tr￿YI11J duo. ¢rf1￿1 •ee4untlni •SUrn•￿ •rAludi*rnints ID th• appllcatlon cl th* chiiiys 4CCOUntlni PJ1k￿5. the trustees lte requlred to mJkn ludyments. ￿tIrn￿leS 15sumptlon5 IbDUt carry1￿ •mouht ol •sJtt5 ond 15ib511tles th•t are not readlly JppJrert from othqr sourcii. Th• t￿mIt*•￿nd4￿Oc￿4ttd •swmptiofiiir• bi*d on hlstcrlc•l exwrl•nGe indo￿1 l¥ttor5thirir¢cornld¢i•d to t* r•l*Ant. tubli*sults miy dlfferlrom these ostlmt•s. Tho •stlm•tÈs Jnd underl¥lni•ssumptlcns or• T￿1**d on4nonioinÉ R•viilonitr>*cCOuntl￿4ltiMII•$Ir4 McWhi￿d In th• pErfod ID whkh the e5drn*• li revls•d whdrn th• r•viilon iff•tti4rtly th•t yriod, 4t ITh th• p•rtoo •f th* ind futurn #rfods whernthe re¥l5￿n￿llettS both curient •nd lutur* p•riods. Ine•rn•fwvmdonitknnb•ndlwd•• Unr•strfct•d ndi 2024 R•rtrfcN UnMrtrf POit48e. p￿￿tI￿1nd¢￿ce 6.134 9J05 6,131 9.205 5,418 4.131 5,418 4.131 IN76 4,4&5 1,476 4.406 408 6061 B20 4.253 739 3,398 1,179 820 4,253 739 5,396 L179 In5urnn¢e Int•Trston REcru￿r￿￿teNponY 6.C*l 2,231 12>5 AcctyJntancyl bookk•eplr* L•yl Ondpmfv￿IO￿I 13.159 i3,￿3 17,619 17,619 50 30,424 14,275 19,938 17,669 37,6Q? bEt￿•h 30,423 14,275 44.690 19,938 17,$6¥ 37.￿7 GO￿T￿r￿ ets*ts tot•llre £13.153 12023.. £17,6191 knrhjde piymonts to fv In¢•yndent eMmln•r for Indvyndqnt mln•tlon. 11 None olthe tfust••s lor4ny p•nonseanMrt•d wlththEml TeceNtd •nyrnmun•Th￿Qn0r ben•fftifrom ihechirty dufiythE cUrreTht¢rprbr￿Ir. ernplw• The ￿er•￿ monlhlynumb•rtsf•mplos*•idufiryth*yeirw45.' 1024 Numb•r 2023 1023 WJy54hd salarles 5oriTI 5etsjrtty￿5rs oiherpÈnsloncost5 344,9B7 39,657 6,708 313,￿6 6.432 39L352 354,976 15- CAREFREESPACE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER2024 Oth•rylnsotleAf Unrestrkt•d R•rtrlcted lunds Totsl UN￿st￿tted RÉStrltt fund5 TotJl 2ts14 24 2023 2023 2023 Fortiin exchin laln31110ss•sl At lJanv•ry2024 Addlfjons 21,fj74 Z,862 AI )IOec•mb•f 2Q24 24,S36 pr•lwnsto thq ownis•tlon. It'j nrjt Inst•lrn•nt of w•11￿en on • 311 r4t*. whllst Its£150k Ifiw4itm*nt In 2023 wi* iwen on J ￿ Intyrt ili.A% the rep•vrnents•plnitthlJsaclil INv*ltm•rtwlll beconlin￿l￿ufflt1l 3029 It ls(4iipissedis • lon8-t•irn er•dttorin C•T•fr•*'i￿4r4rtdI¢tOunts. Th1scontrfburesioDfi1ytTr4*•www$1t￿n lorth•¢hl￿ty. dli•Ctoi104ll provlded by former C￿1r S•rth Phllbikk w15 I1￿￿ an • OX bills wbth the rondkknns thit It b• fvrK11 loi th• A•At 3 morths ind obt¥lned fund1￿ commitmlnts to ￿et the 6 rnQt)ths of its 209,369 Low t•tmllibllltle5 30.859 1234,9101 I1￿,519) 98, 184,9191 1274.0241 30￿59 •i•dpirtytranwily4 Thern nOd1%￿￿trI¥ r•bi•d pirtytriDM(tlonsdurfnit￿cUr1*￿I01 prknr￿•r.