Docuspjn Envelope ID." 42lE1107.F6E74611-8i274 Registered number: 11651094 Charity number: 1182567 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11111111111 'AF36)E8Z *105 COMPANIES H(MJSE
Drxu5ign En%lope ID.. 421E1lD7.F6E71lGCF910C4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) CONTENTS Page Reference and Administrntive Details of the Chaiity. its Trustees and Advise Chalrnian's Statement Trustees, Report 3-20 Trustees. Rfjsponsibililies Ststement 21 Independenl Auditors, Report on the Finala1 Statements 22-26 Statement of Financial Activities 27 8alan¢e Sheet 28 SLitement of Cash Flows 29 Notes to the Financial Statements 30-S1
006 Énwelw 10.. 421E11D7-F6E7-8611.806C£FOC940C4274 CARETECH CHARITABLE FOUNDATION (A Company Umited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 202S Trustees MT H R Sheikh. Chawm MsHCBurton' Mr C K OTrckinson Mr N Jaffer. Mr R L Krrtr. {rEsgned 7 January Mr F R Shwkh Mr H Sheikh Mr G Budi (appointed 15 Juty 2025. res 3 March 20261 Mr J Reidy lappointed 15 Juty 20251 Ms B Keane-Rao' IsIgned 7 January 2025) Ms V Bouamama ISJned 15 Juty 20251 Mrs J Taplin ' (resigned 28 Juty 2025) Mr J 8arrdo {apFointed 25 Februwy 2026) ' independent trustees, who also seNe as rrwnbers of Ihe charilable crmnpany Company rnglstered number 11651094 Charity r¢gister8d number 1182567 RegIStsr office Parkwew 82 OX Road Uxbridge UB81BX Chlef executive officer Tariq Raja (ExecutNe Director) or equivalent Independent auditor PEM Audrt Limited Registered Audrt¢YS Salisbury House ststK)n Ro*d Carnbre C812LA Bankers Royal Bank of Scotknd 49 Bishopsgate London EC2N s Sollcltors Withers LLP 20 Old Bailty EC4M 7AN Inveslment Manager5 Ruffer LLP 80 Vttoria Streel LorKlon SW1E 5JL Page 1
Docus¥Jn Én¥ebFe 10.. 42lE1ID76E74fj114tXCF[cg41K4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2025 CHAIR OF TRUSTEES. STATEMENT As we complete Jr second year under the Ihree-year strateg Plan. this is a milestone year for us because we have benefrtted greatty from a cthr dIreCtn and fu$ Irom the firsi fwe years of delivery. We have continued our fccus in growing our reach and impacl by ensuring essential services are being provided where they will matter mosl. This has meant stronger partnerships in new and exBts"ng areas. As this report hohlights, since 2017, the Foundation has. supported 2.099,812 benelarieS thrgh our grant slreams. with a total of £6.83M committed to date.. supported 5,120 peOe lo gain new qualifitIOns, enabling them to go on to progress as professionals., supported 475 ¢hairt¢es through our grant streams, 439 of whth were diitttly through CareTech Ltd staff sponsorship in their local Communit$ or through lundoising efforts". made 1.262 Staff Hardship Grants. lotlIng £860.448. to 1p members of staff facAng significant financial distress. This year. we continued lo deliver globalty driven innovative problem-sofving alongside Alzheimer¥ S¢xiety through the Longitude Prtie on Dementia. We also became the first sponsor of the worlds largest 98lhering of young carers with The ChikIn4 Carers Festival and our very own flagshtp progfamme saw the delivery of bespoke training. created by our cmn team. in three cliS across euht organisatK*ns. Our continued grcAvth in awareness amongst CareTech Ltd& staff teams meant a record year for the Match- Funding and Communty Grants. which both saw an incredible increase in utilisat. 11 caplured the seffless spirit held by the social care Workforce. who eonlinue to PLEt others first and are eager to make a difference Ihfough fvn¢Jraising and spe)nsoring support. Wrth CareTech Ltd's Head Office mowny lo paView, Uxbridge, we are gratelul to the company for ensuring thg Foundation& team has a dedicated space. This 11 serve lo keep costs kxv. bul more Importantly. th8 Foundation will operate out of a pMiuM ltxalron with the best facilities for rts staff and guests. Thts move is the nght statement for the Fourtdatn. Lastly, I want lo thank our trustees, our staff team and the generosty of our corporate founders at CareTech Ltd. As we ctose out another successful year, l am confident that we wll continue to play an important role in ChaMpNn9 and supportirKJ the UK sctial eare sector. those who work in the sector and those supported by the seetor. Haroon Sheikh Chair of Trustees Ckn¢y&LY Mr H R Sheikh Chalmian Mr C K Dicltinson Trustee Date.. 19 May 2026 Page 2
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DocusJn En¥h ID 421E1lD7$6E?4611-8LFcLlK4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Trustees present their annual report Icgether wrth the audrted financial statements of the CareTtth Chantable Foundation rthe Chartf or Ihe Found8tk)n-I for the year ended 30 September 2025. The annual report seryes the purposes of both a Tte9$. report and a diredors. report under company law. The Trustees confirm that the Tru5tees' report and financial statements of the Charty comply wrth current stalutory requirements, the requirements of the Chariiy's goveming dctumenl and the provisions of the Statement of Recommen(Jed PraCte ISORPI applioble lo charities preparing their xcounls in accordance with the Final1 Reporting Standard 4Ipltsb in the UK and Republic of Irekqnd IFRS1021 leffectrve 1 January 20191. Since the Charity qualifies as small uThJer Secti 382 of the Ccrynies Acl 2C(6. It has tsken advantage of the exemplion available to small companw from preparing a strategic reFort. OBJECTIVES AND ACTIVITIES Our oses The following is a summary of the FoUndatn.5 purposes as set out in full in rts govemirrfJ document and as available on the Charity Commisston regisier at . What General ¢haritable purposes Disability The preventhin or Tel ot poverty Who Childrenfyoung peop Eldertyldd Feople People wi(h disabilits Other charities or voluntary b(NJies The general publrjmankind How Makes grants to IndivKluals Makes grants to organisations Our aims and the differenee we seek lo make This year was the second year of the Foundatton's second three-yeai Strategic Plarb. covering the period 2023124-2025126. In this strateg Plan. the trustees determined thal the Foundats'on's work by which to deliver public benefit in relation to its objects shouk1 be fctused on delivering meaningful impact to commuThitie$ in the UK and ovetseas by supporting and ¢hampioning the social care sector. carers and those living in care. In partlar. Iiustees agreed th Foundation's support should be particularly targeted on the fdlowing three impact afeas.. For thè social care s•ctor, we.. support improved recruitment and retenti¢)n to the UK sctial care sector, particularty for those from depnvgd and disadvantaged backgrounds, with a particular f(Kus on improving leadershyp and career pathways chwnpion the contribul*)n of the UK sctol care se¢tor to WeT society SUK4)ort the kxal communities of wh scrtial care Serv are a vital part For carefs. we.. invest in skills development for care professionals in the UK Supp unpajd caT5, particularty intemalK)nally support the farThty and Iriends of CareTech employees facing signifKanl financial hardship Page 4
OcKw$bJn En¥elope ID.. 421E1107.F8E7-86114CfLCFDC94CC4274 CARETECH CHARITABLE FOUNDATION IA Compafty Limited by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2025 For those living in care. we. support disabled Peop aThJ those WTth kn94eThn healh tffificuA5, includirrfJ those with rnentsl health conditions, complex physical and learning d1sabi1rt, and issues related to neurodiversty invest in aclion4)ased research and innovation to better understsnd the early tdenlrfKion, tre81ment andlor management of ¢are-related condrtrons Values The Iruslees and staff team have 4reed Ihe set of values by vh¢h we wish our behaviours and aetions to be guided," they are". Integrity of people and process, ensuring that ¥ aWJys opere * the highest slaTrJards of piobty and gocx1 govemance. Collaboration with partners and stakeholders, proacaNety reaching out to forge nthv relationships and building allianos to ddivef greater impact. Empowem)gnt of our beneficiarles and pec¢le. pushing deciskx-making down to the l(Ywest ve1$ possible so that peop are in greater cortrtrol of their lives and career5. Commitment to oulccnes, focusing on delivering meanirrfjlul impxt in all that we (kj. Stratsgi¢ Aims 202>2026 By 2026, we wll judge our success in a¢hievirvJ fo1lfi9 three stiategic aims." Aim 1: The Foundation will maximlse the Impact of ts funding by Investing In a tl9hl portfolio of proS9¢ts. action-focussed research, and innovation to enable Sustsinablep replicable improvements Ihat will deliver slep changes in the areas about whi¢h we most care. The Foundation¥ four grant streams are an effectNe mean5 by which to delNer ts strategic aims. The Partnerships Grants are a gc)J dermnstration of how a creative apprwh to the Foundation's assets - financial •KI othenvise- be deployed to gr1 effect. Trustees have agreed that, to most effectsvety manage our risk and lo delNer Ihe best possible impact, we will limit our Partnership Grants portfolio to 34 Flagship Partnerships and 10-15 other partnerships. Flagship Partnerships will be those where trustees consKler the scope for impact to be greatest and where additional staff land trustee) b.me and effort should be devoted. Whilst rt is likety that FL8gshy Partnerships wll also receive larger financial investments. this is not neossarity the case. Over the riod of this Stra we will-. transition to a portfolio of Partnership Grants that eonsi8ts of Flagship Partnwships and 1(>15 other partnerships., ensure that the majwity of Partnership Grants Fund supports innovattbe prqects and neV ideas in line with ils impact areas. creating unique rw collaboralive partnerships. ensu partnershtp PfogTammes delNered loeaty a leamiros with a wider neork lo maximise reach,. ensure that partnef5hips focu$sirvJ on employability have a dedicated fu$ on addressin9 the UK Sla1 care vacancy challenges.. ensure that the three small granls sIaM$ operate at fiJll capacrty arwj deliver maximum impad in line with their objectives., ensu all iesearch prtsarafnrr5 have a strong 15 in wath"calty ar¥J action whh is tested regularty by CafeTech and the wider sector for wabilty, seek out co-funding QPlM)rtunities with other granl-ma(w by vthich to increa58 the FOundatn,$ SC8le and Teach.. and. ensure rigoroLSS rewting and effective partnersfv.ps are in pLace for all partnership granls, with wdl- evKlenced imW evalUatn plans and reports. Page 5
Oocu5h3n En¥ekn 10. 421E1107-F6E74611-W£FCCgIIK4274 CARETECH CHARITABLE FOUNDAMON IA Company Limited by Guarantee) TrUSTEES' REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Aim 2: The Foundation will collaborate with a network of trusted partn•rs to maximise its investment and actNities. creating leverage to make our funding go further and bringing to bear our own expertlse and that of our CareTe¢h Group colleagues. The Foundation is in a Sla1 postti'on of being abl8 to bring together s41 care sector partners, charrtable partners and wider futing partr[$. This rich mkx of expertise from drfferent disciplines is one that we will seek lo develop fvrther over the course ol this Pian. Over the rKtsJ of this Strat we will.. continue lo buikl partnerships and relationship5 across the Sla1 care sector. tharitable sectof with other funders. and beyond., ensu that CareTech Ltd ChampiCA fcrf indwidual partnerships wulady feeding back thoughts and ctservations", ensure malch-fvnding o in place for programmes or, reasonab effort is being m&Je to evidence match- funding before Final Stage completion of PartrTship Grants progrwnmes.. ensu CareTech Ltd is invofved in the earty stages of partnerships so viabilrty against social care needs is being assesse¢J ahead of 2ntJ Stage apprwal.. ensure the 10-1 S non-flagship partnerships have synergy wih al leasl one flagship partnership." ertsu CareTech Ltd staff reeeive suffiuenl InfoOI10n on Communty Grants and Partnership Granls to volunteer arm1 contribute across all levds". and. ensure Communrty Grant reopients. where possible. are receMrwJ exposure lo CareTech's expertise that may b8nefft Ihe sector. Aim 3: The Foundation will play a leadership role within the social care and charitable sectors, acting as an example of a smarL innovative and ambitious change4naker that hamesses ts funding. experience and expertise to deliver high4mpact interventions and contributing to wider publ•c dgbate. The FoyndalN)n has Sl0ned itself as a funder that Welco risks. rnakes bokl investrnent decisicS and champions the s(tial care sKtor with a unique perspectNe using a charity n5. In addrtion, the Foundalion s sliong commitment lo ar adbJn on DNersity, Equty and Inclusion issues and also to Environmental Sustsinability add strength to our ¢(mment lo high standards. Over the fiod of this $trat we will". invest in the devel¢)pmenl of the SFeco1 Education Needs inrtialNe bn Pakistan," continue lo advocate and develco the proposed S(xial ca Leaders Scheme prorrt)srtion", use our commissioning expertise to devebp new prcW$1?ns by which to further our purpose.. ertsu the Fijundation's trustees and CEO are regulaty contribLrting thought pieces for circulation across the sector," maintain our commitment lo Diversity Equty aTrJ IlUsion iSSLJes. regularty revrewng progress against our publie commitments., ensure we deliver on our sUstaina"1ty eommrtments, as ajreed in 2023 by trustee5 in our Environmental Sustainabilrty Pdiw. ensure our staff are reguL4rty altending swial. charity and ccKF4yale foundatÉon events to maintain visibility, ensure our digital wntent is regularty UF¥Jateil and to maximise rea¢h.' devote more tent#)n to exiemal ffled. deMBloping strong natK>nal, regts)nal and thal press conlads and relationships., ensure the Foundation is infomwd about and partnering prCgr8mr that are relevant to challenges faced by the social care $tOr.. and ensure the Foundion's annual Impact Reports capture rdevant IheTfe5 10 inform stakth)Idets on wider social care Is$$. Page 6
Docuyw Envdope ID.. 421E110746E74611-8WIFif9274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Our Model We deliver me8nbnglul impact th(gh Ie main approaches: Grant-funding. We provide four grant-making streams.. Partnership Grants. The Foundats"on supports a small number of svJnifunt partnerships with credible and high-qualty charrties and sc¢ial enleorises consistent vAth its three key focus areas. matChUnding Grants. Our Match-Funding Grants are open to all CareTech Ltd staff and those in Iheif cafe for their indivKlual fundraising efforts for charrtable causes in Ine th our Charrtable Oe¢ts'ves. Community Grants. The Foundalion delivers a small grants programme (o support the communities, families and fn.ends of CareTech Lld staff facing swJnificant financial hardship or for issue5 affecting local communities in which CareTe¢h Lttl operates. Staff Hardship Fund Grants. The Foundation receive5 a restricted donation from CareTech Hoklings Limited to enable us to provide small grants to CareTech Ltd staff and those who may recently have left the company who find themsefves n svJnificant financial hardship or al serious llsk of becoming in SnIfICant fmrKial hardship. ommissloning. The Foundation will directly commission projects wrth partners to taekle issues ol relevance lo our work, especially when we have access to in-house experty.se w(thin the Foundation anOr our colleagues in the CareTech Grw. Hostjng and nvening. I14he apprrth. tr Foundati will xt as the host charTty for initiatives levant to Ouf agen¢Ja This was first used lo good effect ¢Junng the Cov119 pandemic when we were able to provide $lrong govemance arrangernenls to support imwtant inrtiatives. Our most notable, and successful, hosting arrangement is that for CharnpKJning &ra1 Care. Our Theory of Change. showiryj hfN all of our activty aims to detTher tyjr puw ts set OLrt in the annex below. This is suppMed by our Imm Assessment meth¢0gY. How we measure success With the support of Bean Research, the F¢yJndation has established ts Theory of Change and accompanying Impact Assessment FranOrth. Our Theory of Change seeks lo artKulate the value that the FOundatn can provKle. as summarised In our Purp Staternt". "The CareTech Foundation delivers meaningful impact to communities in the UK and overseas by supporting and championing the social care sector. care workers and tho$e living in care." Srtting below the Theory of Chan9e is the Foundalron's Impacl Assessment Methodology which promdes a common set of indicators by which we assess the impact of our work. This incjudes a sub-set of common IrKIatOr5 that are used to assess the impact of the we are fvnding through tyjr Partnerships grants. The Foutxlalion has published rts Lglest Impact Rem based on Theory of Change 8bngside thts Report l) the hohlighls ofwh(ch are ported befow. Chari Commission uidance on ublic benefrt The Trustees have cornplied wrth their duty pursuant lo Seclwt 4 01 the Charities Act 2011 to have due regard lo guidan publish by the Charrty Commission regarding Public Benefrt. a copy of which is provided to all trustees on appointment and on an annual basis thereafter. The Trustees eTr$u that the a¢livrties undertaken are in line with the charitable objectNes and aims of the Foundat. Public benefrt ts &hve through improwng lives, this includes_ Awarding grants lo CareTech Ltd staff, their lamity and frEnds at risk of or in signrfnI fmancial hardship Entering strategic partnerships in the UK that answer a ne1 of the social care seclor. care workers and those living in care Awarding grants to prciects where a posrtive differen is beiry m or in resFonse to an urgent red Page 7
Dowsbjn Envepe ID.. 421E1107.F6E746114W4FCC94CC4274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarnntee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 To promote and advocate on matters related la1 le th)h hosting. commissioning or convening. Our achievements are set cJt belcyw. ACHIEVEMENTS AND PERFORMANCE The yoar In context This year has been quite MIlar to Ihe prevw)us fe4V years in that there was a lot of uncertainty. A new Govemment in the UK meant chgeS for us bLrt it was unexpected how mh the American goVernrrnI would impact our global partners. We continued to see challervjes created by the Cos¢ of Ling Crisis but the Govemment brought slability whKh saw a decline in reliance on the Staff Hardship Fund ccnpared to previous years. This dKI. however, result in the direel increase of Communty Grants and Matchunding Grants, as peop retumed to fundraising and supporting causes in their Ic(al ecwnmunth"es. Granl-maker5 acTOSS the sector saw an increase in applications due lo organisations like USAID closing operations and others making signfficanl cuts. While we not see direct cuts to our partners, local partners they were cdlaborating with did suffer from these changes. This led to widespread uncertainly and c105ure of essential servw that had been swmng populations years in sc¥ne of the most negkcled parts of So Asian and Africa. Overall, we are pleased wrth the performance of our partners and grant streams during an uncertain time. The Foundion saw this as an opportunty to assess its pOSitK and we a delighted wrth Ihe steps we have taken in addressing areas that vo are terested in. Our ob e¢tives for this ar Trustees agreed on a set of key objectives for this reporting yEar, the mosl notable of which were as follows". Implement8bon of our updated Theory of Change and Impact Assessment Framework, in line wilh the ngw Stralegic Plan.. To begin transth"oning to a portfol of Partnershp Grants that consists of 34 Fwhip Partnerships and 10- 15 other partnerships, by". idenlifying anolhef FLagship Partnership by the end of the ffinanctal year. ensure that the Marty of Partnership Grants Fund supports innovative projects ard new ideas in line with its impact areas, ¢realin9 unique colkborative partnetships,. ensure partnership pr(3Mimes ddwered are sharing leamings wrth a wider neork to maximise ensure that partnerships focussing on employabilty have a dedicated focus on addressing the UK social care vacancy chaIges, sUPrtIng retsinirwJ 60 indwiduals into social Care roles (compared lo $3 in FY231241.' ensure that the three small grants streams operate * fvll capacity ( using the full budget allccalKJnl and deliver maximum impact wh thwr obFctives. wth the tolbm.ng target number of suppK)rted applications Staff Hardship Grant Fund- 450 appIallonS IFY23fd4 fore¢a$t- 430 applicat5). Communty Grant Fund- 100 applicatlons (FY23124 forecast- 98 alcations).. Match Fund - 75 appltsti.ons IFY23f24 forecast - 75 aPpI10n$I, of whh at 18ast 10 'Malch i¥ supported applulions., ensure all research programmes have a strong basis prt•Calty and xtion whth is tested regulèrty by CareTech Ltd and the WKler sector for viabilrty.. grow the Pakistan Special EdUcat)n Inrtiative (SEN-I) and comrrenee training of Cohort 2 $chlS., seek out co-lunding opportunrts other granl-making bod by which lo inciease the Foundation's scak and reach, with Ihe aim of securiry al least h¥0 such clUndIng opportunsts", and. Page 8
r¢5J En¥ek)Fe ID.. 421E1lD7-F6E746114c£K5(C4274 CARETECH CHARITABLE FOUNDAnoN (A Company Limited by Guarante•l TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 ensvre rvJorou$ reportin9 aThJ effectNe partnerships are in plxe for all Partneiship Grants, with well- evi¢Jenced impacl evalualKJn plans arKI reports. in line wrth uwlated Impact As5e5sment Framework. Maln achievements In reviewing the key objectives established in the second ofthe Foundation's second Strategic Plan that conclude¢l this reporting year, Iruslees are proud to be able lo reflect strong progress. In the Foundation's first Strategie plan, trustees agreed lo assess the suceess of the Fnd8tH)fi wJain5t ils abilty lo deliver the following three overarching slralegic aims". 1. The Foundation will be a Wel$t1U¢tUr8d. ambitious and cl•ar4ight¢d oryanisation. dglivering meaningful impact to communities in the UK and overseas. The FouThJation has sypwted proyrammes across its grant portlcAio that have dire¢tty supported some 2.09M benefICrieS over its ffirsl five years. Our Impact Reports htt s."//%¥.c8reIechfOunda1lOn. .uklabouVre ortsll set out a range of signrficanl xhievemenls of prc#3rammes that have proved 'gan ehanger, investments, from transforming mental health provtsKJn in Pakistan. to wtsng employment pathways in to social ca, to stimulating lechnologs and inteNentions for those living in ca. The staff of CareTech Ltd and its service user5 will feel proud of and be strongly gngaged in tho Foundation. The Foundation is now well understcth by CaTeCh Ltd staff. wr(h awareness figufes rising year- on-year in the company's staff survey. achIng an incredible 79% in 2023r24. The growth in take.up by staff of grant fund nominations opportunities to support lttal projects and their own fundraising efforts ts grabfying. The development and in¢rea5e in the eomparry s secondmenl p[c9nMe lo the Foundat1 has been partularlY welcome. The Foundation will be delivering a unique contribution to the charitable marketplace. consistent with CareTech Ltd's values and approach. The FoUndatn continues lo be recognised as being the leading grant- Maker in the s¢xial care arena, playing a unique role in rts fccus on Ihe seclor. The numerous award nominations- and winsl _ since 2017 is a welcome recommendats.on of the Foundation's conlribubon. Partnershi Grants Over the penod of this rewt, we ente into the f01bn9 new partnerships". Brgaking Barriers- Transfom)ing access into social cave for rnfugees," pathways Into skills development and employment. F¢JkM'ng the successfvl delivery of the first fv40-year partnership, Breaking Barriers and the FoundatK)n entered into a Ihree-year partnership until 2028, whTrch will see double the number of refugees an(J asWum seekers acce55 ernpboyment opportun1t5 in the UK care sector. enler into ar achieve education and buikl their confidence. A key aspect of the thre&year partnership is Bfeaking Barriers, commitment lo sharing leamings wrth other provKlers in the sector. The Chlldren's Society - Young Carets Festival. The Foundation is de1hled to partner wrth The Children's Soc¢dy on the Workl's leading Young Carers Festival whh s*s unpawj carers aged 11-17 enjoy a weekend that is catered exelusively for them. Being a young carer is beyond stressful. It presents yourtg peIe wilh severe ChaIngeS that tl)ey musl often lack alone whik caring ft)r one. bul often more than one, person in their family. Through Ihls partnership. YMCA and The Children's Society will host three events. for a full weekend onee a year, invrting 1.CQO unpaid carers from aeross the country essential travel grants provided by the Foundation making the event more accessible than before. Together for Short Lives - Family Hub and Outreach Support. The Foundation is paSed lo partner vrtth Together for Short Lives as rt expands its palliative care Serye$ lo foLsr new regions18edford, Milton Keynes, Bimingham. North Wesl, SoLrth East regKin) with the aim to deliver more face to face support, provide energy and fcod grants and offer 5UPFKJrt and training to families Impacted by the loss of young ones. Overall, we expect 4,000 famil$ to be supported through the delivery of al least 40 outreach events. Motlvation Charitable Trust- Person<entred Care in Kenya. Following the successfvl delivery of the first Page 9
Oo¢usiyn En¥dope ID." 421É1107-F6E7•11Q(rt4FCC94(C4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 202S -year partnership whtch saw 679 peep rew%e tspoke frtted wheekhairs. the training of 364 peoplg at)d the intrc%luclion of a WIl¢hair Pair facility. the Found1¢ ha5 agreed a three-year extenwon lo the programme. The second phase will focus rfft 7¢XI more wheelchairs being provided to users, 1,100 people receiving skills and 436 peOe receiwng increased empk)yabilty skills. The programme aims lo embed practices from previous prcgramme. expanding rts scope and encouraging 9ater sustainability through local supp)rt. A key element of Ihis is the support of ktal govemmenl, which played a Critical role in building MonIuM for this extension to be posstlk. We have also continued to support the fr4bMng partrvèrships, through which we have diredty supp)rted over 2.09 million benefioaries over the durK)n of our partnerships. Access Social Care- Legal ehatboL The partnership is part ofthe wpjer chalbot development programme. The programme 8ims to bfoaden legal infwmalK)n and adYe available on Access Social Care's free online legal informatKsn chatbot Content is developed to empcwer and enable the care sector wrth legal ¢apabilily lo help enforce social eare and weware righ15. adIng lo ImprovenI in Care proVisn and a better qualty of life for people with Social need5. Action for Kids- Creating job opportunitles for disabled and neurodiverse young people. The Foundion is ddighled to partner 7Mth AFK- Adi¢)n for Kids. providing funding f¢y over three years towards the programme. The prograrnme will offer support and training for neurodiverse ycwng people lo seek employment opportunities in the eare sector. By partnering with AFK. the FoundalKJn is committed to empowering disabted young people with the $killsets. trainings. and experiences tlw need lo ffind meaningful and Sustainab employment in the care sector. As part of the Pfogramme CareTech Ltd will provide in-kind 5UPPOrt and offer diverse Wofk placement hlentifying 20 young people classified as NEET (Not in Education. Employment, or TTainFngi arba securing Job inteNiews for 24 young people. aiming for at least 10 to secure paid positions. These LW)rtunities will hale a posi(ive impact towards disabled young pecple. and hdp them lo make svJnfficant contribution to their Communit5. Addf(40nally, the pr¢>Jramme will create opportunities for CareTech Ltd to devekjp ffntorir4J and coaching skill$ ensuring long lem employment su5tsinability. Milkar Campaign - Uniting for Mental Health Awareness In Pakistan. The Fourthlion eylended its partnership with the Brrtish Asian Trust. Launchin9 a natwjnwde w$ual and televised mental health campaon across Pakistan. The 12-monlh mental heaAh campaBJn aims to spread vrtal mental hearth awareness and le86 to sustainable and System change across Pakistan. The campaign aim5 to focus on menlal health relaled topics wttich are often ovedooked and rather sbgmised, emphasising the need for diverse slakeholders, engagement to create awareness and work on preventKJn and early inleNention. The campaign airns to prowde over 5CrfJ milln unique views. reaching millions of people a¢ross Pakistan with messaging to improve their kn¢edge and attitudes towards mental healih. This wll result in more awareness and drive lowards accessing nwrtal health servtis and helplines, which wll ali9n with the CareTech Foundation's existing partnership wth BAT. showcasing our prominent position in mental heath work in Pakistan. Young Epilepsy-'Epilepsy Positive. Programme- Inclusion for Children and Young People wlth Epilepsy ICYPEI- This partnership supports a prctyJramme deSned to improve the understanding and confthnce in educalors when teaching children with epilepsy. The are MO than 100,000 children living with epilepsy in the UK, and suffering from over 40 d¢fferenl types of seizures. EplpSY Positive 15 cOMphen$1ve inclusion prc>aramme Commitled to offer lrnining, resourets and accreditation for professionals and lults SUpP).ng CYPE. The programme will focus on the lived experiences of young people, teachers and others in the wider communty lo create innovalwe t1$, information, and training - provKling pral¢al support to sthc#Js aThJ educalofs to build a WKJer understanding of the impad for a child liwng with epilepsy. Over the course of the partnership. the programrre will seek to train SOO professionals. adults and parents. In addition. 150 settings will be made Episy Posrtive Care workers will be upskilled in epilepsy awareness and training. thrcNJgh an rnible, user friendty and engaging inclusion programme. Page 10
Docusign Envew ID.. 421E11D7-F6E7-86114W£F[4(cI2T1 CARETECH CHARITABLE FOUNDATION {A Company Limited by Guarafiteel TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Youth Leads UK- Youth Leads the Way. Specialist young people organisation Youth Leads will 5UPPQrt 72 care expenenced young people aeross Greater Manchester lo ttevelop their skills, empower their potential and Influen change by leading their projects and pL4nning their scKial care careers. The young people will attend workshops and publish magazines to develop their cOnfKler and enCOure their prO9Ssion towards becoming job-ready. Pakistan Special Education Neods Initiatlve ISEN4)- SEND Cuniculum development in Pakistani ScINlS. The FouTrdation'5 first lJag5hip programme is a Ihree•year commitment to develop Pakistan's first- ever national special education needs and disabilrts ISENO) curriculum for implementstion in mainstream hool$. Under the leadership of CareTe¢h Foundalw)n. and with Ihe supp1 of caTech Ltd and the COSAFiAF Foundation, the programrre will prowde SEND expertise and training resources to develop the Curriculum in ¢onjun¢lion with schods in Pakistsn. Through the prcgramme. schtrJls in Pakrslan WAI lesl the curriculurn and at least teachers in each participating sch1 will re4Ve training from CareTech Ltd lo become SEND competent and Confident. AlzheImeS Society - The Longitude Prtze on Denth. The £7.7M Prize seeks lo irKentivise assisttve technologies lo help pe¢)p dYagn05ed wrth dernentia remain independent in their homes- an effectNe way to manwJe Pfogre5sion in those diagn05ed. Other partners irIll Inwate UK, chaInge Works, Agewell and Arnazon Web Semces. The foUr-r partnehip 11 consist of three rounds. In round one, innovators will be selected, round will invofve five finalists, and the overall winner WMII be awarded £1 M. The programme has receNed support from dementia organisations in America and Canada. The Foundation, along with rts funding, will also enable the inrKJvators, finali51s and the eventual winner to test their pr¢>Jucts vAth CareTe¢h Ltd and consult with CareTech Ltd staff on real-worhj experien. In year one. 24 innovators were owarded Discovery Awards by the judging panel from a total of 175 applications from around the World. The Royal National Theatre- Publlc Ac¢s Over three years, the Foundation's funding wll enable the delivery of the Public Acts programme. showcasing the creatsve and social care Sectors can work logether on a national Sle to make Jasling impact in communrties of complex needs groups Idisabilities, LGBTQ+l. FurKling wll 5LbPPQrt Public Acts to buikl Cmunity engagement across the Country, create large- scale prcJuctions wlh communty groups and support new research for the programme Perfomiances have included The Caucasian Chalk Circle in [)caster, otyeY as part of Natnal Theatre's anniversary year. Over 300 ccrfnmunrty members have participated in the prcgramme, and National Theatre deltvered an exclusive worttshop for CareTech Ltd's young people and staff. displawng h¢)w immersive the programme is. British Asian Trust- Alenral health and wellbeing forall in Pakistan. We partnered with the COSARAF Fovn(Jalion to Ptntly invest in a £1 rnilln partnership wth the Brtts"sh Asian Trust by which they will deliver a step charvje in mental heamh and well-bw.ng provis in Pakistan. In the last year. the Brrtish Asian Trust eontinued rts work with the local partners. These partners provide Incredib sS and support in leading communty activities. eng4ing schwls and businesses and providing training and reeruitmenl opportunities for bcal communities. In Ihe prevKJus year, we exiended our partnership with British Asian Trust until 2026. The project has Irained 133 frontline workers. embedding WHOendorsed low-intensty therapies into community clin¢cs. In 2025 alone. 45.OCQ people were screened for nts1 heahh issues, 472 people have aCSSed mental health support via a campayn helpline. Over 95.000 people have been reached %wth mental alth content wa a range of channels. The World Health Organisation and Vrtd F¢JJndalion have joined the programme as fun¢Jers, ensuring that the next fNe years of delivery through local partners Taskeen. GIHD and Sehal Kahani. is ensured. Championing Social Care. Folknw"ng the decision to slop hosting Championing Sc£ial Care in April 2024, the initiative successlully secured independent registralKJn and conlinued ils delivery of the Fundfaisin9 Ball. Care Home Open Week, Christmas Lunch and Care Sectof s Got Talent. Due to ekntions. MPS did not attend this yearfs Care Home Open Week. but, the interest was consistent with last year wrth thousands of Ih)me$ and services part¢cipating and 9etting behind the Gre* Brrtish cle Relay. The Fundraising Ball continued to deliver on ts fvndraising targets, raising over £200.000 for The Cafe Worters, Chanty and Marie Curie. Page11
Doajsiyn En¥eW D. 421E1107.F6E7.8611-8(fjClFCCg4(C4274 CARETECH CHARITABLE FOUNDATION IA Comp•ny Liffliied by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 This year, four of our partnershps came to an end. These were.. Autistica- Social Carn Action Fund. The Swal Care Action Fund answered the need to catae a wave of new reSeah so we can understand what huh-quality social care looks Sike for autistic adults and how il can be delivered well in the real worfd. Autisttt delivered this through its partnership with the National Inslrtute for Health Research. Over the last year, Ihe cycle devekjpment grant has been awarded to Dr Georgia Lc(kwcrt)d-Eslrin-"BrNJging the gap for services." Devdoping an autism and homelessness toolkrt and trainin9 package.. Four of fve proposals We awarded see(1 fvndtng wi(h Dr Mary Stewart of Heriot- Watt Univeisity and researth on 'support aLrtists"¢ y¢xJng people in transrtions to adullhcod" receiving the addrtional £300.OCQ+ As a re5uA of the pr(Jramme. a new guide fcY empwrs was Created which will offer advi on makiThJ wothplaces better surted to &lults th autism. Open UniveIty- Carers. Scholarships Fund. The FountJatK)n supported 12 young people who are unpaid ¢arers lo flexibly stLKly for a Bachelorfs degree in Year l ovw years (six each academic yearl and one cohort of six young people sludwng in Year 2. This Fund aildressed Ihe need for carers lo prepare for life and a career after caring and lo make up for bst ¢)pportunrties where they have been disadvantaged by their srtualion, for eXarnp missing schc¢)l or r(1 b"ng able to atterKI university due to caring commftm8nts. The fund addressed the signftanl financial disadvantage many carers face, by not only providing free ac$5 lo study. but also addit#)nal finala1 SUPkK)rt lo assist students in travelling to exams, purchasing sel books and other incidental costs lated to slutying. Sense International- Eafrlyldentili¢at•on andlntervention for Children with Dea1blIndne in Tanzania. Funding by ihe FoundatKJn enabled the Scfeening of 86.492 children for multi-sensory impairment Ideafolindne5sI in Tanzania. Addilionalty, the pre4JramnR was established in Dar es Sam, one of the largest cities in Tartzania wilh hh levels of povety. As part of the programme 76 heahh care workers were trained on htm lo ndUc sensory screening in 24 primary heatthcare facilit$ arKI hwrtals. Once a chik was identified as having a sight arKI hearing problem. the child was referred lo Sense International's eady intervention seNices where they ceiVed dedted support helping them to thrive. 383 children were diagnosed with sensory impaimients and prwded petsonal development pLqns aknng Wrth their parent carers to enable them lo live fulfilling INes by devekpTrrtg essentk41 skills. Whizz4(idz-CareTech Foundation Alax Days. FoLErteen events have been held. supporting young wheelchair users and their lamilies lo have an unforgettable day of fun and xtiv¢ty. get a chance lo meet other young wheelchair users and e1Ve sOUrCe packs wrth material from experi8rKed wheelchair users. This partnership will have a lasting effe¢l- when those wheekhair user5 relum to their own communities. they will be able lo 'brag' about what they did and start to break down the Psychologal barriers that surround them. WhiZZ-K will also invofve tttal bUesseS to sponsor the events so that after the partnership concludes, fvture events wll have funding and relationships secJJred. 263 wheelchair users alongsKle 459 parentslguardians have altended these even15. The budty.ng nehvork has introduceil new wheekhair users lo mentors with expenence of using wheelchairs and the sibling's nehvork has helped increase confidence and empathy for siblings of wheekhair users by creating a safe space to share expenences. Beyond the financial 5UPI)ort provhled by the Foundation. the SLtpp)rt In-kind provided by CaTech Ltd staff to these partnerships is signrfunl. Hamessing the expertise and skills of CareTech Ltd staff n this way often brings the partnership lo lrfe and ¢)ur partner5 comment on how much they value this eontribulion. Over the course of this finanaal year, Ihts YJPFOrt in kind equates lo an estimated ue 01 £18.640 1mpared to £8,731 last year}. Page 12
DocusHJn EnveloFe ID.. 421E11D7-F6E74611WFOjIOc274 CARETECH CHARITA8LE FOUNDATION IA Company Limited by Guarantsel TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDEO 30 SEPTEMBER 2025 Small Grants sin ils inlrodudion in 2018, demar fcrfthe FcMJiwJatK)n's Hardship Gvants has increased year-on-year and the company has maintained rts ajdilional conlribulk)n of £50.000. This year. the FoundatK)n has supported 190 IFY23124'. 252) grant applicatNJns to a total 8nK)unt of £140,785 IFY2&24." £197,3S81. The rising cost of living has played a sKJnrfunt part in the hoh number of 4)PltiOnS TeNe(l across the year. Oemand for the Foundation's Community Grants ¢tt"nUed steadity again this ye¥ with £100,000 profiled for this financial year. Dyring 2024r25. the Fwndation has supported 98 IFY23124." 781 Community Grants lo a value of £109,831 IFY23124." £101.3441. Examples of grants made Ihis yEar include the following.. A grant of £2.5CQ supported the'up on a Star, mixed arts prc¥ect, whh runs aFts projects lor adopted children. The Foundation's grant paid for wrykshops for alcyted children n Teesside. leading lo a visual arts exhibits'on. Growbaby Bury offers I&ar-Ok1 Clothing and essential equipment free of charoe lo parents and carers in Bury. A£625 grant has expanded the donats.on capth and direclty supported around 100 people. The Lewi5 Foundation {TLFI provxles freo gfft pacs and support to aduts going through cancer treatment n hosprtals across Ihe Midknds. A gfarit of £1.000 enabW TLF lo provide gift packs for 550 individuals. Demand for the MatChUndIng Grants increased consKlerabty this financial year. The Foundation supported 89 Mal¢h-FunrJ grants IFY23f24". 49) lo a total of £30.993 IFY23f24'. £16,619). whth shcwed a signffjnt rise from FY23Q4 numbers. This year, we sustained the awareness of the'Mat¢h it.. laund1 in the FY22r23, which is an exten5KJn of the Malch-Funding Grants, lo reward those are volunteering for registered charrties. In an effort lo continually engage and promote Charrtab giving for CareTech Ltd staff, 'Match rt, ensures that staff can make contributions lo their favourite charities beyond just fundraising for them. they can inslead volunteer and secure up lo £350 for the ¢hanty_ Awa5 f0r1undraing by staff and sernK-users a capped at £3per eltt9ible applicant pathcipating in the activity. Where nM)re than le elwible applicant participates in an activrty, the awarf can be higher. Examples of Malch-Funding Grants made include.. Ayrshire Hospice is the only Spec1)$1 palltiVe care frrf aduks with lrfe4imrting illnesses in Ayrshire and Arran. The CafeTech Ltd team at Fostefhill Ik part in their'lt's a Kno¢kouV event and raised £1,025. With a further £1,025 in mched fundirrfJ, Ayrshire H05pice rttved Q,050. Both Kenton's wife and mother were diagnosed with ¢ancerand r¢ceived suppy)rt from the Christie Chgrity through the pand¢mi¢ and beyood. Kenton completed 8 62-milc cycle frorn Manchester to Bla¢kpool. raisirtg £887 to ensure the organisation can ¢ontiThue 10 Pfovide servi¢es fur)d pje¢ for cancer patients. The Foundarion recognised his in¢ftdible efftsrt with an award of £350. PatrÈ¢k wmpleted a rough sleeping challenge with his wifc. rdisin8 for RBLI and veietsns experiencing hoTlltlessness in the UK. Th¢ Found•ion awarded Pri¢k with a M¢h-Funding Grant of £250. ortin artners The CareTech Foundation continues to pracbce principles of openness and transparency in all our engagements with partners. We telieve thal a convwsaltonal arnl colkborive appro&h is the key to successfiJl programrr delivery. We continue lo see gr¥th across the sector and our grant starn5 are generating hwher than ever interesl. Our commitment remains to evolve our pracltis based feedback from those interacting with our grants. Our commitment to Divetsity Equity and Inclusion In line wrth the Foundation's commrtment to p[c)N Divetsrty, Equty and Inelush)n &ross all aspects of rts work, the FoundatrJn'. Page13
Docy5n Envelope . 421E11D76E746114C¢GcFg10C4274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarante•) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 recogrtises that people fr¢ drflerent backgrounds bftng fresh ideas and a drfterent approach which makes the way we work and arn rrmjre fun. more albVe. more ent and rrKNe innovattve. briThJing benefits lo the or9anisaliJn. aclivety seeks lo recognise, value tske account of indmduals. drfferent backgrounds. knowledge, skills and experience lo create a mofe produ¢tNe and effectNe organisation. seeks to ensure that all who w for and deal wrth us f1 valued and wekome. strives to ensure that everyme has access to the $8me opportunrties in their dealings with the Foundation but wognises that advantsge$ and barrie exist for drfferenl indidUal$. The Foundation regnIseS that ind¢VuaIS have unequal starting places and that we must make efforts to correct and address sueh imbalarKe. We conltnue to work on ensuring that our use of imagery fvlty refiects deMographS of all of our audiences. Our fundralsing and investment perfom)ance Trustees remain gratefvl to the B¢>ird and shareholders of CareTech Limr¢ed for the C)anY5 generous contribulions to Ihe FoundatKsn, whth accounts for the majority of its funds. Whilst the company has confirmed its ongoing support of the Foundation through rts Donatn Agreement, trUee5 e09nle the importance of diversifying ils income stream and investing wtsely for the k)ng-te financ1 futu of the Foundation's Work. Follthying CareTech Holding's xquisits'on by Amaffi Tw Limited, tr Fcwndation received £5,727,091 in cash and £1.772.9)9 in Amaffi Topco Ltd shares at the start of FY22123. In actioning the investment strategy, trustees tnvesled £1,700.000 with RLffler LLP in FY22f23, £200,Ca) was taken out in March 2024 to fund operational cashfiow. but the portfolio has yel lo mt expectations al a balance of £1,475,716. The'sale and Lease Back. property investment in White Clffls Lodge was purchased at a cost of £3.66M and continues lo benefit from Ihe rental income this generates. At the end of the reporting perd, Ihe valuation was a$Se intemally using publicly available IndicS. indicating the proFety had mairtsined ts value. The Foundalh?n's position in the Amalfi Topco rollover shares is currentty at a baknce of £1.882.166. recognised al cosL Lègal status The CareTech Foundation was established as unincofp¢Yated body. registe wilh the Charity Ccffimission. Incorporated status and fresh regIStratn wrth the Charity CommissK)n was ured in March 2019. In May 2020, Changes were made to the Foundation& memtership to enhan its independence still further with membership being transferred from caTech Ltd as the SO corporate member to th8 independent trustees. PLANS FOR FUTURE PERIODS L8ssons leamed In delivering the FoundKJn's Strategc Plan. trustees identified some key lessons frryn the previous years of the charty's wofk.. the Foundation has matUd from an 1ftla1 frrtus on tactical short4erm grant4)ased programme delivery to an incieasing investmenl in Strateg fvndin9 to deliver'system change.. beyond its financtal support, the FtsUndatn has an increasingly inffluential role in hosting and incubating initiives (such as ChampKJning Social Ca) and usiNJ its corwening role (such as th the proposed Social Care Leaders Scheme); the expertise provided by CareTech Ltd staff enables the Foundatson lo delNer sJnificanl additional value lo its partners.. that a mix of'badlh versu$ depth. of inrtwtives supported is entsrefy appropriate for the Foundation.. and. that il would be beneficial lo fctus on a small nlunber of Flagsh Partnershy)s. with a slighlty smaller number of other partnerships. Page 14
Dosn Enbpe10.' 421E11D7-F6E7W114AC£FDC940C4274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Plans for the year ahead With this being the final year our current three- slrategy, our priorit for the devebpmenl of our products and services this year are. Implementation of our updated Theory of Change and Imp8Ct Assessment Framework, in line wrth the Strategic Plan". Implementing stregK aims agreed by trustee5 at the September 2025 Strategy Away Day," To continue trans11ioning to a portfolio of Partnership Granls that cons15ts of 34 Flagship Partnerships and 10-15 other partnerships. by.. Identity"ngllaunching another Flagship Partnership by the end of the financial year. Ensu lttal the majorrty of Partnership Grants Fund supports innovabve prqects and new ideas in line with its areas, crealing unique new collathti¥e partnershrps,. Ensure partnership prOgraMS delNered locty are ShTr arnIng$ wrth a w#Jer nefvk to maximise reath.. Ensure that partnerships focussing on empknyabilty and tsaining have a ¢Jeduted focus on addressing the UK socral Ca vacarw challenges. supFolrrtg and retaining 25 rndrviduals into social care roles.. Ensure that the three small grants streams operale * full capacty li.e. uwng the fvll builgel allocatKJnl and delNer maximufn imp1 in line wh their objectives. tmth the folkn¥ing target number of supported appli¢ètrons.' Staff Hardship Grant Fund- 475 applications (FY24125 forecast- 450 app1vt1$>,. Community Grant Fund- 100 applications IFY24f25 forecast- 1 applications)., Match FurKI - 100 applications IFY24f25 forecast - 75 applthK)nsl. of whth * least 10 'Matth it. supwled appI10n$. Ensure all research programmes have a strong basis in prxlicalty and action which is tested regularfy by CareTech Ltd and the wi¢Jer sector for vkibilrty". Add sustainabilty I¢IS to SEN4- Seek out cTrftJnding opportunities with other grant-makiro bc¥Jies by which to Increase the Foundation's scale and reach. with the aim of securing at least two such CO•funding cpportunrtps., and, Ensure rigorous reporting and effective partnerships are in place for all Partnership Grants. wrth well- evKlenced impact evaluatKJn plans and repts. in line with updated Impact Assessment Framework. FINANCIAL REWEW Our financial sitK)n The Foundation remains V•£llraCed finanoalty to deliver rts kn4em7 obJ"ectNes. thanks lo the fundin9 agreed by CareTech Ltd as set ¢Jrt in the Oonation Agreement be1 the ccryany and the FoundatM)n settled in July 2019. This year, similar to FY22f23 and FY23f24, the C¢)mpany comrnttted to an annual donalton of £750,000 and an additional restricted donation of £50,(KLI lo support the gru•rth ol the FoundatKJn's Staff Hardship Fund. As highlighted above, the sale of CaTech LHnrted's shares provided the Foundation with a signifKant cash boost and the opportunity for the Fndatn to impkn)ent rts long4em investmenl and income diversifi'cation strategy. CaTeTech Ltd complements ils financial donations by SUpp-n9 swnificant ifvknnd support. such as office accommodation, back-office systems and staff expertise. We have established systems to capture and attribute the fijll value of CareTech Lt¢J's sijpport to the FOUndatn, which includes.. th8 value of all in-kinLI support provKled Ixcornmodation. back-offe supp)rt, staff 5aLqrYès for seconded staff, et¢l', the value of employee volunteering hours," and any other value-wjdedlleveraged suprx)rt p1 by tre FcAn(lation Page15
DoatsvJn Envew ID.. 421EI107-F6E746114(K.CFcC94f274 CARETECH CHARITABLE FOUNDATION (A Company Lirnited by Guarantso) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 In this current year. overall value of this in-kind SUPFK)rt has been valLd at just over £18,182, of which £7,740 is support towards facilrties (IT devKes and offe coslsl and £10.91)D towards relevant projects through expertise sharing of slall members. As noted in this Report. trust have establistrd an Iorne Diversthcation SIT8legy. Th8 benefits of divwsificalion of income go far beyond simply achiewThJ an irwme sUlus." dNeffsification also gives organisalions Ihe security needed to focus more on long4erm strategies and ultimely have more impact on their beneficiaries. The aims of the FoundalKJn's inec¥ne diversTfication strategy, therefore, are." to increase the capacity of the Foundation's grant-making capacity" to reduce its reliance on a Sing income stream [hever reliable)- to provide greater rtainlY of future levels to encOure longer4em investment. As noted above. CareTech Ltd has made a Testricled donatson to the FoundatM over and above rts main annual donation over the last four years 10 5UPPOrt the Foundation's Staff Hardship Fund. This year's restricted donation remained at £50.C(JO. all of whth was ccthmitted during the year. Trustees ¥e provided with a monthty financk81 repjrt as part of ihe DireetorlCEO& regular report and further scrutiny is undertaken by the Audrt & Risk c(MItteE as well as the full Board of trustees. Our Reserves Polic Trustees recognise that need to invest our fvnds wtsety an¢J safely but have also agreed Ihal ¥ wigh to back innovative programmes. Wrth ÉnnovalK)n comes hrgher potential impact bLJt also. of Wjfse. higher risk. As trustees, we have agreed lh we have.. a re8sonably high-nsk appetite in resFect of the prgects VR 5UPP)rt. allhoh will aayS seek a balanc8d rtfolio of projects of varwng risk ve1$.. h)w risk appetite in respect of the repLrtation of the organisatKJns with which we partner, preferrirKJ lo work with credible and respected partners," arKI. risk appetile in lem)s of prccess. hawng put in place fvJorous diligence procedures to safeguard the Foundation's funds and reputatn. In line with the above risk statement, the Foundation maintsin$ free unrestricted reseNe5'. to provide a level of Wofking capital that protects the continuity of its cole woth." to provide a levd of lunding for unexpected opportunrties" and. to proVe cover for risks such a5 unforeseen expeTrJiture cv unanticipated bss of In. Since the 2021122 Financial Year. the trustees have agreed the Foundation¥ Reserves Policy to establish a largel of maintaining free reserves equal lo six months of staff and assc¢raled costs. At the end of this Financial Year the Foundation had £7.379M of unreslrtied reserves. of which £3.7M has been designated as relating lo the investment property and a further £1.88M in Ihe Amaifi Topco rolknver shares which cannot be e8sity realised. The Foundation has eommrtments of £0.38M disclosed in N¢Xe 17 of the ACufits and therefore free resetyes of £1.42M. This is in excess of our target hokJing of £200,1)00. The F¢)undion intends to use the excess reserves to supplement an11pated donations in fLrture years. in line wtth trustees, reed general aim lo maintain expenditure at similar tevels lo that of the last few years. Goin concem rev Twslees have considered carefully the po$rtn of the Foundation as a 90ing concem throughout the year and is confident that the charty remains well-pixed in this Tespect. Trustees base this assessment on the ft)Ilowing fadors.. The Foundation ha$ a formal 4reement wth CareTech Ltd in respect of the charitable donation il can expect each year. The agreement provides for a lengthy notice period shouhj the company wish lo wrthdraw from these aTrangements. The Iruslees note the long-term profitabilty and grtr•rth of CareTech Ltd over its long history. The Foundation has agreed an Irorne DiveTsrfi&ion Slralegy. P&Je 16
Docusvjn En%lcw10.. 421E1107-F6E7-8611-eLwtK94Ct4274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Strong business planniNJ and firtanCl manement systems are to contain wsts. Strong contingency and mitigion plans and measures are in pl&£ in the event of sNJntficanl downward pre55uies on Income, includin9 the dTrsCret1 of tnjstees lo vary the e1$ of annual grant funds overall and individual grants, as well as the use of conservatNe bLling asslww'c$. Other Financial Matters The FOundatn operes defird contribution schrn for its employees. C(xrtnbutions outstanding at the year. end are disclosed in Note 23 to the Accounts.. Our Fundralsln roach The primary source of revenue for the caTeth Foundion Originates from tho anftual donation provbded by rts founding entity, CareTech Ltd. Over the past year. we have made a concerted effort lo diversify the Foundation's income channels, ensuriNJ ts sustained capacrty lo delNer public benefii. In al[gnEnt wrth the Foundation's Incor 0ivefstrt1cffl Strategy. we have opened opportunities for both employees and exiernal stake1kIeIS to partipate in fundraising activities with the explicit goal of dIrtIng all conlribulion5 tchvards the Foundation's grants. ulato Con$lderallon$ In developing its fvndfai$ing initstives, the FoundtiJn has eThJeavoured to adhere lo the best practice standards outlined in The Code of Fundraising Practice issued by the Fundraising Regulator. Ackntyvtedging the planned expansKJn of ils fundraising efforts, the FouratiC is registered w¢th the Fundfaising Regulator, ensuring Ihal all funéfaising activities comply with current iegulats"cx)s and adhere to the best practices set out by gulatorS and professional meMbe1P bodies. The Foundab"on continues lo disseminate codes of best Practi to SUFPOrters and relevant partner5. ensuriThJ the application of these slandards across all activities. To dale, have kn(pMedge of any bre¥hes of The Code of Fundraising Practs'ce. Due lo the natu of deliverin9 fundraising across multiple srtes through volunteer effort, the Foundation recognizes the risk of breaching fundraising GomplKances. Consequently. the FoundalKJn ha5 conducted a cprehenSIve rewew of its p)li¢ies to ensure their fitness for Pufpose in light of its extended fvndraising efforts. Fundraising activitTre¥ for the FouThJa¢ion are xcessibie to both C¥eTech Ltd emplo and extemal shareholdets. All Infomiation pertaining to fvndraisirB challenges is pronK)led on the FoundalK)n's website wth links lo the official websrte to ensure transparency. Fundraising agreements are shared with interested participants al the earliest possible lime. Recognising that Some of oui supporters may Lack experience in fundraising for charities. addrtional training aThJ support semces a offered lo furKlrniser5 up)n entering into an agreement with the Foundation_ All fundraising donations ao wocessed through the JuslGiving and Give as You Live platforms, allowing the FoundatK)n lo monitor fvndraising efforts activety. The Foundation engages with Supporters through social medka, er0ragilvj transparency and c0mmunKatn. The Foundation has a CplaintS Poly outlining hchv e4)mplaints shoubJ be addressed within the charity and when they shoukl be escalated to senior management. The Complaints Pol¢cy is available on the Foundation's website at . Active steps have been taken lo ensure that the Polty is shared promptty wrth fundraising Teement participants. Since Incepth)n, the CareTech FoundatN)n has recewed no ecrfnplainls regaiding fundraising. En ement with Vulnerable Individuals The Foundation regularfy inlerarts th indiwduals in vulnerable p0Son$ as part of rt$ daY-tdaY actwrties. To safegLEard vulnerable people, the Foundation has a Safeguarding Policy in place an(J a nominated Safeguarding Trustee. In the current financ1 year. the Foundats'on has revVd ils Safeguarding Policy to ensure that vulnerable supporters can undertake fundraising in a safe antl effective mannei. The nature of the Foundation's work ensures that all employees a Comfortable wognising and worting With individuals in vulnerable Page 17
Dr1 En%lcpe ID.. 421E11D76E7B11-eccCFDCg1[£1274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 position5. STRUCTURE. GOVERNANCE AND MANAGEMENT Our overnin document The Foundation's governing dwments are rts Memorandum 8 Articles olAsKoalion. int1porated on 30 Oclobei 2018, as amended by Special ResolLrtI and wislered * CpanES House on 18 March 2019, and as further amended by Speoal Resolution on 21 Awl 2020. How we are ¢onsts'tuted The Foundation is consliluled as a Ccrfnpany limited by guarantee. number 11651094 Our deetsion-makin rocesses and those detysions de ated to staff Trustees are responsib for establishing the slrnlegic direction of Ihe FOundatn and fN all key decisions a5 10 ils operations. These decisK)ns a made by the fvll boar¢J of trustees as provided for in the Trustees. Term5 of Referen in lTrrte wth their overall duty'To promde dI¢t10ft and stewardship for the CareTech Charitable Foundation for the benefit of current and fviure benefiaaries". The quorum for decisi1Mak•rWj at Boar(I meetings for rK)rmal business is five tru$lee$, ofwhich al least tsvo members should be those appoinled as extemal trust. In respect of any decisions re9arding the relationship and any specific arrangemenls betsveen the FoundalKJn and CareTech Ltd, any tru51ees who are directors, officers or senr staff of CareTech should not ctsjnl in the quorum or vote. In these ciicumslances. the quorum for decision-making shall be fr truslees. The Board of Trijslees has established Ihree commitlees. with delegated authority for specffic aspects of the FoUndatn'S work sel out in Term$ of Referen for each committee These commitlees are.. Grants Committee", Remuneration Commiitee.. and. Audit, Risk and Investment Commrttee. The Iruslees have delegated daY-traY management and adminislrab'on of the Foundats'on lo the Chief Exeeutive OfficerExecutive Director and their staff team. Spe¢FfK delegated aLrthority in respect of the award of grants and other spending commitments are set out in the Foundati,$ FinarKbal Handling Manual. Mana ement of Risks A Management of Risks Policy is in place and an Audil. Risk & Investment Committee provides detsiled oversight of the effecti¥ rr&8nageffnt of risk. The principal risks recognised over thi5 period in the Foundation's Risk Register were". Change of office kcatKJn resutting in loss of Ictal communty ervJagement in P¢Xter$ Bar Independent Iru5tees a not at the minimum threshold of three, and. Loss of key stsff as a Ult of moving offices. Monthly portS from the Executive Director to tnjstees highlight the current lop the iisks, following internal review. The full Risk Register is regulaty by the Audrt. Risk & Investment Committee 8$ well as the full Board of trustees. Charit Governance Code The aim of the recently issued Chanty Govemance Ccfvye 2025 lwww.cha ovemancecode.or ) is lo help charities and their trustees develop high standards of go¥emance. The CcJe 1$ not a begal or wulalory requirement but is Intended to be a tool for continuous improveffent towards the highest slandards. The review used the rewmmended checklist lo assess performance and to Klentify areas for improvement. In keeping with our commitment to gcod govemance. Injstees nowmalty undertake an annual rwew of the Foundalion's cc¥npliance wlh the Ccde. Having undertaken our normal annual revvav, we continue lo consider Page 18
Do¢$J En%SJpe 10.. 421E11O7-F6E74611-8cfjFQC9lfr4z74 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEM8ER 2025 the Foundation lo be well-placed in mosl areas of recommended prxtKe and that good prcJress had been made in addressing prevw)usly Identif areas for improvement. Recruitment and su of tnjslees In sdecting individuals for appointrnent as twstees, the truslees are requi by virtue of the Artth to have ard to the skills, knowl9e and experience needed for the effeth've management of the FoundalKJn. This has been complerrenled by undertaking regular Twslee Skills Audrts lo inlomi fLrture recruilmenl priorities. The Foundation's Trustee Terms of Reference provide for a mix of Iruslees. covering independent trustees. sentor representatives of CareTech Ltd and other staff empw by CareTe¢h Ltd. Independent trustees are recruited via open e10n exercises to ensure a5 broad a rarvJe of candidates as possible. SenKJr CareTech Ltd trustees a suggested by the company for consKlerats"on by the full board of ITUStees. bearing in mind the mix of ski115 and eyperien¢e required. Two staff members s normalty ocruiled by Inviting Ihe Overall Winner of the CareTech Care Awards lo tE¢ome a trustee. subject lo the full trustee board ensuring that the Indmdual 1$ SLtitsble using the above ¢rrteria- and ensuring that Ihe indiwdual in question wants lo accept this important rolel The Foundation's Arh"cks also provide that at least one Trustee shall be a Sheikh Famity Mgmber, wil1m to serve as a Truslee and deemed by the Truslees lo be suitable to ad as a Tfuslee. Temis of Reference for the B(rd of Trustees are in pe as well as RO Deseripttjns for the Chair. Treasufer and all twstees. All Trustees have also srgned up lo the Foundation's Trustee CcYe of Conduct. All ntrw Injslees receive a full induction programme. provided by the staff team. familrarising new tru$lees with the work of the Ftsundatn. the poIleS and procedures in place. Introductions to key Stake)lders. This programme is also used lo ascertain any training and devewnent needs which feed5 in to a wider Irustee leaming and development programme. As well as participat1 in bespoke pa-for trainiThJ for trustees. the F¢)undatn is a member of the Association of Charitable Foundatsons IACFI and the NatKJnal Council of Vrjunlary Organisalions INCVO) to ensure that Iruslees and staff are up to date on best prti &¥are of developments and are well networt(ed with other leaders wrthin the sector. Our felattonshi with CaieTech Ltd and th other ty anisatsons The Foundation was founded by and ts principally funded by CaTech Lld. Trustees and Foundation staff are made fully aware ol the independent nature of their rde and a Conflicts of Interest Polry is in place and actively monitored to ensure that any potential cOnflS ol intecest- partUl3Y those concerning the Foundalh)n and CareTeeh Ltd- a appropnately managed by the rnernbe of the charty. the independenl trustees. A communicatn$ ProtLxoI is in place betsveen the Foundats"on and the company to ensure thal the independent nalure of the Foundation 1$ property recc4nised in all communtitS malerkals. The Injstees usually pte a fresh revw every yeaf of the FoUndatn.$ complk4nee wilh the Charty Commission's Guidance for chan1$ wifh a Connec1 lo a non-charity11, using the Charrty Commisston's recommended checklist. Trustees are confident that the Foundath)n contsnue5 to meei the expectations of the Guidanee. The Audr( & Risk Committee undertoc& rts annual rewew of the FoundalKJn's compliance wth the guidance. More generally. the FourKlalKJn seeks lo work abThJside a range of charits and organisalions, principally through i(s grant-funding streams, to maximise rts impact whilst ensuring that the is clarity a5 to each organisalion's roles arhd responsibilities. In particukr, fomial grant agreements a in pkee wrth all Pèrtnetship Fund recipients. The Foundation is keen to work abngsKle other funders where the inleresls ol both are aligned and such collaboration can improve the impact of our work. A key mechanism by which this is &hieved is the requiremenl for Partnership Fund grants to leVee addrtion fundirKJ as a result of the F¢JJndalion's investment. We are Page 19
Oowsrfjn Envetope ID". 421E11D7.F6e746114C¢&CFEC941K4274 CARETECH CHARITABLE FOUNDAMON (A Company Lirnited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 also working wrth other fundets to explore jtjnt approaches and 1rwestffnt on issues of mLrtual interest. Our OT anisalvjnal structure The FotJndalKJn empk)ys a small staff tean resports f day4 managemgnl of its business. Over this reporting perie<J, the staff team comprised.. Executive Director Partnerships Manager Marketing Officer Grants & Finance Officer Team Administrator_ Our afra ements for settin and remuneralvJn of onnel The overall allowance for paybill Increases are sel by trustee5 as part of the annual business planniro and budgel sth'ng process, provIng a ceiliry for the mwmum overall increase in staff salaries. A RemuneratKJn Committee of trustees sets the remuneration provided to the Foundation's Executive Director, with dekgated authonty promded by the fvll board of Iru5tees. The COMMee'S decision is based on the following crrteria and benchmarks. the perfomance of the Executive Director as feported Ihrough the annual perfomiance system, including an assessment of the extent to whh agreed obje¢tr¥es have been delivered.. inflatKJn ICPII., general wage in1M1¢. ènd. rwrted average pay •wards in the not-for-profft seclor. Remuneration 15 for other Foundat staff are sel by the Executive Directof usirKJ the same criteria. taking in to account the decisv)ns of the Remuneration Conynittee. Approved by order of the members of the board of TN5tees and stgned on their behall by.. JCLLKS Mr C K Dick*)son TnJsts• Mr H R Shelkh Chaimian Date.. 19 May 2026 Page 20
Oocuwgfb EnvebFe ID.. 421E1l07.F6E7th114LtFcCgllK427 CARETECH CHARITABLE FOUNDATION (A Compafty Llmit•d by Guarantse) STATEAIENT OF TRUSTEES. RESPONSIBIUTIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Twslees (who are also the dicectors of the Chanty for the purFL)ses of company law) are responsible for Pfeparing the Truslees. ReFQrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generalty Accepted Accounting Pr&ticel. Company law requires Ihe Twstee5 to pfftpare finarKial stements for each financial . Under Company law, the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of Ihe stale of affairs of the Charity and of ils incoming reSOueS and application of resources. including its income and expenditure. for that per. In preparing these financial sLementS. the Truslees are required to.. select Subtable accounting policies and then appty them consistenlty.. observe the rnelhod5 arvj prInCleS of the Chant5 SORP {FRS 102), make judgements and accounting estimates that are reasonable and prudent., state whether applicab UK Accountin9 Standards IFRS 1021 have b folkwed. subject to any material departures dilOSed and explained Trn the financial stalements.. prepare the financial statements on the going concern basis unless it is inapprOpre lo presume that the Charity will continue in buwness. The Trustees are responsible for keeping adequate antmg records th are sUffent to show and exp18in the Charity's transactnS and disclose wrth ieasonable accuracy at any lime the financial posittors of the Charity and enable them lo ensure that the financial statements comply wrth the Cornpan Act 20C6. They are also responsible for safeguarding the assets of the Chanty and hence for laking reasonable steps for the prevention and dete1 of fraud and other 1rre9ularit. Approved by order of the members of the b¢)ard of Trustees and syned on its behalf by.. Mr H R Sheikh Chairman Mr C K f¢kinson Trustee Date.. 19 May 2026 Page 21
Onc4 EnveloFe ID". 421E1l076E76l1.£FCc9(C4274 CAREtECH CHARITABLE FOUNDATION IA Company Limited by Guarnnteel INDEPENDENT AUDITORS. REPORT TO THE MEMBERS QF CARETECH CHARITA8LE FOUNDATION OPINION We have audf(ed the financ1 stslements of Caretech chantab FourKlalion Ilhe 'charrtable ¢ompanYI for the year ended 30 September 2025 which comprise the SLitement of Financkgl AclNitie$, the Balance Sheet, the Stslemenl of Cash and the rdaled notes. including a summary of Snifan1 accounting policies. The finala1 rer¥)rting framework that has been applied in their preparat L¥ appltsbk and United Kingdom Acwunling Standards. including Financial Reporting Standard 102 'The Finan¢k41 Reporting Standard applicable the UK and Republ of Ireland, (Unrted Kingdom Generalty Accepted Accounting Practice). In OUT opInn the finaneral statements.. give a true and fair view of the s¢ale of the charlte companvs affairs as at 30 Septwnber 2025 and of its incoming fesources arKI appItst of reSree$. including its income and expendrture for the year then ended- have been properly prepared in accivdance with United Kw)gd¢yn Generalty Accepted Accounting Proctice., arKI have been prepared in accordance yh the requirements ofthe Comp8ns Act 20C6. BASIS FOR OPINION We conducled our audit in acctytsnce with InternalK Standards Auditirvj IUKI {ISAs (UK)) and applicable law. Ouf responsibilrties under those Standards are fvrther descnbed in the Auditors, responsibilit5 for the audit of the financial statements $edion of our rert. We are Independent of the Charilable Company in accordance with the eth1 requiiements that are relevant to our audi( of the financial statements in Ihe United Kingdom. including the Financol Reporting Councifs Ethical StarKlard, and we have fulfilled our other ethical responsibilities in acrdanCe wrth these requirernenls. We believe that the audrt evidence we have obtained is sufficient and apprcs)nale lo provide a basi5 for (lur opinron. CONCLUSIONS RELATING TO GOING CONCERN In aLYiling the financial sLitement5. we ha¥E concluded that the TnJ51ees' use of the gng concem basis of accounting in the pparat of the financial statement5 is apprryriate. Base(l on the yrk have perf0Md, V•e ha%e identd any male¥ial Unrtainl18$ relaling to evgnts or conditb)ns th. indiwdually or collectNely, may cast signiftsnt doubt on the charitabk wmpany's ability lo conlinue as a going Cann for a per1 of at $1 tsvelve months from when the financial statennls are aulhorised lof Issue. Our respon5ibililies and the respcff1sII1es of Ihe Trustees with respect to 90in9 Cortem a deseribed in the relevant sections of this report. P&¥ 22
l)rthsign En¥elLye ID.. 421E11o76E7I1-OlWCF9I(CIZ74 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarnntee INDEPENDENT AUDITORS. REPORT TO THE MEM8ERS OF CARETECH CHARITABLE FOUNDATION (CONTINUED} OTHER INFORMATION The other infomiatson comprise5 the inf0Mt)ft included in the Annual Rekxjrt other than the financial statements and our Auditors. Report Ihereon. The Trustees a fesponsible for the other information contained within the Annual Report. Our opinion on the financral slalements does not cover the other infom)ation and. except lo Ihe exlent othe1$e expltrtty stated in our reFort, we do not exwess any fom) ol assurance conclusion thereon. Our responsibilty ts to read the other information and, in doing xi, consider whether the other Information is materially inconsislent wrth the financial statements or our knowledge cknlained In the course of the audit, or olheM5e appear5 to be merially rnisstated. If we identrfy such material ineonsisleneies o¥ apparent material m¢sslalemenls. we are required lo detemiine whether this 9ives rise to a material misstatement in the fEnancK?I stalemenls Ihemsew. If. based the work we have perfomied, we conclude that there is a material misstement of this other infomiallon. we are required lo report that fact. OPINION ON OTHER MATTERS PRESCR18ED BY THE COMPANIES ACT 20 In our opinion. tkised on the work undertaken in course of the audit.. the infomwth)n given in the Trustees. Report, whi¢h includes the Oirectots, pOrt prepared for the purposes of Company law, for the financial year for whth the financial statements are prepared is nsiStent wilh the ffinancial stalennIs. the Director5. report indLKled wrthin the Trustees. Report ha5 been prepared in accordance with applicable legal UlMents MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In luht of our knowtedge and ur#Jerstsnding of the thantab and rt's environment obtained in the course of the audrt, we have not identffied material mistatemenl$ in the ReF4)rt of the Trustees,. We have nothing to report in resFd of the following matters in relation lo which Companies Act 2( qUireS us lo report to you rf, in our ¢Jpinion'. the information given in the Trustees. Rewrt is inconsislent in any material respect with the financial slalements", or the charitable company has kept equate and suffKrt aectyjnling recoffls.. or the chaTrtab18 company financial sktements are r#)1 in agreemenl with the accounting records and retums," Of ertain disclosures of Twslee's rernunerat spKffied by law are not made". or we have not received all the information and explanatsons we require for our audit; or the tn5slees were not enlilled to prepare the financial statements in anCe with the small companies regime and tske advantsg8 of the Small wmpanies, exemptions in preparing the trustees, report and frLxn the fequiremenl to prep3re a Strateg report. Page 23
Oo¢us4n Envel)ke10'. 421E11D7-F6E74611-8C6C£Ftx91(274 CARETECH CHARITABLE FOUNDATION {A Company Limited by Guarantee) INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF CARETECH CHARITABLE FOUNOATION ICONTINUEO) RESPONSIBIUTIES OF TRUSTEES A$ explained more fully in the Trustees. ReSpOnslI1t1eS Statement the Trustees (who are also the direetors of the charitable company for the purposes of company Lewl are responsible for the preparation of the financial $talemenls and for beiThJ satisfied that they give a true and fair vivw, and for such internal eonlrol as the Trustees detem7ine is necessary to enable the preparat of financ1 slalemenls that are free from material misslalemenl, whether due to fra1 or error. In preparing the finanual statements. the Trustees are spOnbIe for assessing the Charitab companvs ability lo continue as a wng concem. disclosing. as appltable. matters late<l to going concem and using the going con¢em basis of accounling unless Ihe Trustees erther inlend to hquKlate the charitable company or to cease operations. or have no 11$1 ajtemalive bul to do so. AUDITORS. RESPONSIBIUTIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objective5 are lo obtain reasonab aSSUTance about whether the financral statements as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue an Aucjitors. Report that includes our opinion. Reasonable assurance is a hh levet of assurance. bul is not a guarantee Ih818n audrt conducted in accordance with ISAS IUKI wll ahyays ¢Jetecl a material misstalemenl when rt exists. Misstemenls can arise frcwm fraud or error and are constdered materK41 if. individualty or in the aggre9ate. they could reasonably be 8xpecled to influence the e¢OnC4n dectsw)ns of Use taken on basi8 of these financial stements. Irregularities. including fraLJ. are instances of non<c¥nplrance wrth laws and reguLations. We design procedure5 in line wlh our re5ponsibilitRs. outlined above. to detect material mi8Statements in resp8Ct of irregularilie5, including fraud. The extent lo whKh our prccedures are Capab of delecling irregularities, including fraud is detailed belchv". Ouf approach Io Klenlrfying and assessing ltr risks of material mi8ststement in respect of irregularities. including fraud and nonccmpliance wrth Iwlo and regulatons, was as folky4VS." the engagement partner ensured thal the engagement team ColNe had the appropriate competence. capabilils and skills lo identrfy or recoynise 1complnce wth appli&1b laws and regulations,. we Klentified the L•¥$ and regulatK)ns applicable lo the chaTrtab company through discussion5 with trustees and other Management. and from cojr krkdge of charty and company L7w and experience,. we f(xused ¢)n specffic l•¥s and gulat)rtS whith we consNJered may have a direct material effect on th8 financial stoternenls or Ihe operations of the charitable ccmpany. induding the Companies Act 2006. Charities Act 2011 and taxation legislation., in &Jd¢ln, we eonsKlered provisions of othef Lffivs and regulattons which do not have a direct effect on the finartial statements bul complonce with WhTh Mht be furthmental to the ehaTitYs ability to operate or to avoid material penalties. we obtained an understanding of the kgal and regulatory frameth applicable to the tty and how the enlty is complying vAih that framewth", we obtsined an understandir4J of the entiS ar¥J prcKedures on eomplianee with laws and regulations., we made enquiries of managefflenl as to where Ilw considered there wa$ susceptibilty lo fraud, their krledge of actual, Suspected and alleged fraLKI,' e eonsKlefed the inlemal contrds in place to milale risks of fraud aThJ rborKompliance wrth laws and gulalions", and, I$ and wul8twis idenlrfEd V*Ere ¢ommunThted wihin the aLwJit team regulady and the team remained alert to instsnces of non-compln throughout the audrft. Page 24
Oocuypjn En¥ee ID.. 421E11D7.F6E746114IK<FtTh(C4274 CARETECH CHARITABLE FOUNDATION IA Company Limiled by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE PAEMBERS OF CARETECH CHARITABLE FOUNDATION ICQNTINUEDI As a result of the atrA)ve risk assment prccedures we identified the greatest risk of material misstatement on the financial slatemenls arising from irregularilw and fraud to be 1n the potential for management to override controls together with the risk of frauduknl revenue recc<Jnkn"on and grant eomrnilments. We considered the risk of frauijulent revenue T&C•3nithM to be most pre¥3nI in the completeness of revenue. In response to Ihese identrfd rtsks. desb3ned procedures which included, bul We not limited to." performed analytul prtxedures lo identrfy any unusual or unexFeeted rela1$ips.' perfomed aL¥Jil work ¢)ver the risk of managemenl overrKle of contrds. Including lesling of joumal entries and other adjustments for appropriateness. evaluating the business rat)nale of signifan1 transactKJns outsitje the nomHI course of business.. assessed whether jLKlgements and assUMpS made in determining t accounts'ng estimes Sel out in note 3 were inijicative of potentl bias". performed subslantive testing for a sample of tr3ns¥tions from rewpt records to ledger and receipts to ensure that all income was appropriatdy recognised in the COTTect per)d and any festrictKJns approprwtety ognised". and. performed substantrve testing for a sample of Iransactrons from grnnt aPpltIonS lo approval cordS and subsequent payment to ensuo that ajl labilities were reccgnised in the correct period and the correct recipient paJ. In response to the risk of irregularitw and nLYrf(xnpK4nce wtth laws and regulab"ons. we designed prc¢edures whieh included. but ¥e ncl limited to. we agreed the financial statement dtsclosures lo undedwng supportin9 documenlalion., we assessed the extent of cOmplr wrth the and regulahons ktientrf above through making enquiries of management and insFecliNJ al corresk)ondence" we read the rninutes of meetings of those charged with goveman¢e". and. we revi any corresFonderKe th HMRC. relevant regulators such as the Charty Commission and the company's legal advtffi. There are inherent limitati'ons in our audrt procedures described above. The more removed that laws and regulattons are from financial Iransaclions, the less likety rt is that we woukl Wome are of non-compliance. Auditing stsndards also limit the audit procedure5 requid to Njentfy non-compliance with laws and regulali)ns to enquiry of the directors and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements th* arise due to fraud can be harder lo detect than those that arise from error as they may invohe deliberate eoncealrnent or collusron. Material misslalemenls that arise due to frnjd can te harder to detect than those that arise from error as they may inVoe ddiberate concealment or collusion. A further descriptn of our respOnslI11eS f¢Y the audrt of Ihe finalar slatemenls 1$ l¢xated on the Financial Reporting Council's website at" wh.1rC.0r .LJkJaudrtorsres nsibilthes. This descripticm form5 part of our Auditors. Report. Page 25
0¢GU$ En¥elope ID.. 421E1107.F6E7-8611-8(6C£FIU4tC4274 CARETECH CHARITABLE FOUNDATION IA C¢)mpany Limited by Guarnntso) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CARETECH CHARITABLE FOUNDATION ICONTINUEDI iISE OF OUR REPORT This report is made lo the Charitab compan5 mwnbers, as a body, in accordance wrth Part 4 of the Charities IA¢counts and Reports) Regulatn$ 2008. Our audit work has been undertaken so that we might slate lo the chantable compan¥s members those matters we are required lo state to them Fn an Auditors. Report and fof no other purpose. To the fullest extent pemrtted by law. we do not apt or assume responsibility lo anyo other than Ihe charitable company and 1$ members. as a br¥Jy. our audTt wortE, for this report, or for the opinions we have formed. Nikki Loan MA FCA (s8nior statutory auditor) for and on behaff of PEM Audit Limited Registed Auditors Salisbury House Station Road Cambiidge CB12LA D*e.. 20 May 2026 Page 26
Dc<u5¥n Envdope ID." 421E11D746E746114W£FCC9W274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guaranteel STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENOITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Total funds 2025 Total funds funds 2025 lunds 202S Note INCOME FROM: Donations and legacies Investments 768,T16 267.01S 818.776 267.015 1,094,595 262.284 TOTAL INCOME 1.035.791 1,085,791 1.356,879 EXPENDITURE ON: Raising fund8 Charitable acttwties 35,159 1,341,038 1.069.795 166.115 1.235.910 TOTAL EXPENDITURE 1,069,795 166.115 1.235.910 1.376,197 NET EXPENDITURE BEFORE NET GAINS ON INVESTMENTS Nel gains on investments 134,W 45,169 (116.115) 11SO.119) 45,169 {19.3181 17.231 14 NET INCOMEIIEXPENDITUREI Transfeis belween funds NET MOVEMENT IN FUNDS BEFORE OTHER RECOGNISED GAINSIILOSSESI 11.165 191,115) {116.1151 91.115 1104.950) 12.087) 18 179.9SO) 125.000 {104,950) 12,0871 OTHER RECOGNISED GAINSIILOSSESI- Other (losses) {4231 {423 NET MOVEMENT IN FUNDS 180,3731 125.000 1105,3731 12,087) RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 7.458,984 180.3731 7.493.268 {105.3731 7.495.355 12,0871 125,000) TOTAL FUNDS CARRIED FORWARD 7.378.611 7.387.895 7,493.268 The Stalemenl of Finanoal Athrbes wKludes all gains kisses recognised in the ye¥. The notes on pages 30 to 51 frym part of these financial statements. Page 27
D$aTr Én¥8lope .. 421E11076E748lI4CfuFOC9ct4Z74 CARETECH CHARITABLE FOUNDATION IA Cornpany Limited by Guarantee) REGISTERED NUMBER: 11651094 BALANCE SHEET AS AT 30 SEPTEMBER 2025 2024 2025 2024 2024 Note FIXED ASSETS Tangibl8 assels Investments 12 14 5.190 3.353,1TT 3.700,000 6.982 3.308,008 3,700.000 Investment propety 13 7.058,367 7,014,990 CURRENT ASSETS Debtors 15 16 300.053 215.253 511,735 704,489 207,386 472,426 Investments Cash al bank and in hand 1.027.041 1.384.301 CURRENT UABILITIES Creditors.. amounts falling due vthhin ( year 17 1697.513) I9,023) NET CURRENT ASSETS 329.528 478.278 TOTAL NET ASSETS 7.387,895 7,493,268 CHARITY FUNDS Restricted funds Unrestricted funds 18 18 34,284 7.458,984 7.378.611 TOTAL FUNDS 7.387.895 7,493,268 The Trnstees acknowledge their responsibilities for eomplwng wrth the requirements of the Act wth respect to accounting records and preparatK)n of fin8nual sLements. The financial stemenls have been prepared in xcordance with the provisions applicable lo enlth.es subject to the fAnaU companies regime. The finan¢ral statements were approved and authored for kssue by Ihe Twstees and sned on their behaff by.. Mr H R Sheikh Chairman Mr C K OKkinso Trustee Date.. 19 May 2026 The notes on pages 30 10 51 form part ofthese finanual statements. Page 28
t>ocusW En¥ekJpe10. 421E11D7-F6E7-8611-ecfjc¢FDC940C4274 CARETECH CHARITABLE FOUNOAnoN IA Company Limited by Guardnteè STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES Net cash used in operating activities 1219,8391 1736,624) CASH FLOWS FROM INVESTING ACTMTIES Dividends, interests and rents from investments Prcteeds from sale of investments Purchase of investments Icurrenl asset in¥estmenls} 267.015 262,284 200,OCKI (207.386) 17.867) NET CASH PROVIDED BY INVESTING ACTIVITIES 259,14B CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 39.309 1481,7261 954.1 S2 Cash and cash equivalents at the teginnw of the year 472.426 CASH AND CASH EQUIVALEKfs AT THE END OF THE YEAR 21 S11,735 472,426 The notes on pages 30 to 51 form part of these nCial $tatefr¢nts Page 29
Docuswn En¥eiope KJ." 421EI 107.FeE746114(6C£FDCW(C4274 CARETECH CHARITABLE FOUNDATION (A coMnY Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 GENERAL INFORMATION CareTech Charitable Foundation is a private e4Jnpany limrted by guarantee inCoOrated in England and Wales. The registered oifKe is Parkwew. 82 Oxford Rd. Uxbrid9e. UB8 18X. The fundional and presents1K currency is GBP. ACCOUNTING POLICIES 2.1 BASIS OF PREPARAnoN OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with the Charibes SORP {FRS 102) - Accounting and ReportirrfJ by Charities. Statement of RecLYnmended Practice appltsble lo tharrties prepanng their aceounts in accordance the Financk31 Repo.n9 Standard applicable in the UK and RePlliC of Ireland IFRS 1021 {effective 1 January 2019), the Financial Reportin9 Stsndard applicable in the UK arKI Republ of Ifdand IFRS 1021 and the Companies Act 2006. Caretech Chantable Fr¥jr1 meets the definition of a public benefil entity under FRS 102. Assets and liabilities are inrtmlly recogntsed at histor cost or transxtion value unless otherwise staled in the relevant accounting policy. 2.2 GOING CONCERN The Twslees. havirvJ considered Ihe finala1 position of the Charty. have a reasonable expectation that il has adequate resources to continue in operatKJnal existence for th8 foreseeable future. Thus. they Contin lo adopt the going concem basis in preparing the annual financ slatemenls. Page 30
OooJ5ign £nveW10.. 421E11D7-F6E74611-KeL£FCC91LX4274 CARETECH CHARITABLE FOUNDATION (A Company Llmited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POUCIES {CONTINUED 2.3 INCOME All income is recognised once the Charity has enlrtlement lo the incoxr, it 15 probable that the income will be receNed and the amount of income recewable can be measured reliably. Oonations are reccgnised when receNable and the oun1 can be measured reliably by charity, usually ctcurs UP receffj)t. whe the donated g¢X is a fixed asset. rt is measured at fair value, unless rt is impractical to measure this relrabty, in %thich case the eost of the item to the dor1 should be used. The gain is recognised as income from donations and a ccKrespontling amount is included in the appropriate fixed assel class and deprKiated over the useful enOMiC lrfe in accordance wilh the Charitls accounting pOIleS. On receipt, donated professional seryiees and f&ilths are rtttranised on the basis of the value of the gth lo the Charty whith is the amount it wouhJ have been willing lo pay lo obtain sefwces or fa¢ilities of equwalenl e¢oncrtni¢ benefit on the open marftet". a corresF4Jnding amount is then recognised in expenditure En the pewj of receipt. Rentsl inccrfre re¢able under leases for properts afe recognised on a straHJht-line basis over the lem of the lease. Page 31
oocj9n En¥elcpe ID.. 421El1076E74611-0Fct94(¢lZ74 CARETECH CHARITABLE FOUNDAnoN {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POUCIES (CONTINUED) 2A EXPENDITURE Expenditure is recognised once there is a legal or consthKbve oblvjalion lo transfer economic benefit lo a third party, it $ prObats that a transfer of econcYni¢ benefits will be required in settlemenl and the amounl of the obln Can be measured relK?bty. Expenditure is classrfied by acb'vity. The costs of each activity are male up ol the total of tjifect costs and shared costs. induding support costs involved in undertaking each thty. Direct costs attributable lo a Sing activity a allocated directly to that activity. Shared costs which contribute lo more than one activity, support costs and governance costs wh are nol attributable lo a single a¢lNty are apportioned beeen those activities on a basis consistent with the use of resources Support costs related lo the Championing Sccial Care actwity are considered part of unrestrted cost. Expenditure on raising fvnds includes all expenditure incurred by the Charity to raise funds for its Charitab wse$ and indudes costs of all fundratsing aclivrties events. Exper)diture on charitable activities is irKurred on diredy Lrndertaking the actwils which further the Company's objectives. as well as any assocK4led support Costs. Govemance costs are those inCUrd in connection with administratic of the charty and compliance wth wislilutional and statutory requirernents. Grants payable are charged in the year when the offer is made except for grants %thich extend over multiple years. In those cases where the offer of future peric*Js' funding is conditional. such grant$ are recognised a5 expenditure when the corldrtS attached are fuilled. Granls offered subject to conditions whth tthe not been met at Ihe year end are noted as a commitment. but not accrued as expendrture. All expenditure is indusive of irrecoverable VAT. 2.5 INTEREST RECENABLE Interest on funds hdd on deposrt is included %then receivable and the amount can be measured reliabty by the Charrty.. this is normally UFQn n¢4rfion ol the interest paid or payable by the instrtubLM with whom the funds are deposrted. 2.6 TAXATION The Charity consNlered to pass the tests set out in Pjraph 1 Schedu18 6 of Ihe Finance Act 2010 and Ihefefoie it meets the definth.on of a charitable company for UK COOration lax purposes. Accordingly. the Charrty is FQtentialty exefflpt from takition in respect of income or capital gains received wi(hin categories covered by Chapter 3 Part 11 of the CorporatH)n Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent such Inc0Th or gains are applied exclusively lo charitable purp05es_ 2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are initialty recwnised at cost. Where assets are donated. the value of the asset to the charity is recojnised as a tangib fixed asset and in income. After renitIon, under the cost model. tangib fixed assets are measured al cost less alImulAted depreciation and any accumulated impairmenl losses. All cosls incurred to bring a tangble fixed asset into ils intendèd workin9 condits.on should be included in the rneasurent of $1. Page 32
Oocwn Envew ID.. 421E1107.F6E748114LfLÉFDC94(C4274 CARETECH CHARITABLE FOUNDAnON IA Company Limited by Guarantee) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POUCIES ICONTINUEDI 2.7 TANGIBLE FIXED ASSETS AND OEPRECSATION ICONTINUEDI DepreClIon is charged so as to allocate the cost of tangible fixed assets le$5 their res01 vakte over their estimated usefijl INes, using the slraHJht-line method. Deplat7n is provthj on the follomng basB'. Office equiprnt 25% StraKJht4ine methLJ 2M INVESTMENTS Fixe¢J asset Investments are a fomi of finarlaT insinJment and are initialty recognised at their transactK)n cost and subsequW Measu at fair value at the Balance Sheet date, unless the value cannot be measure(J 1rablY in whth case rt is rneasu at cost less impairrnenl. Investment gains and losses. whether realiseo or unrealised. are ccthbined and presentsd as GainsllLossesl on investments, in the Statement of Financial Activities. Investments in unlisted Company shares. where mathet Val cannot be relk?bty determined, are staled at histort cost less impaimerrt. Inveslm8nt property is inthally measured at $t an(1 is subsequently remeasuied to fair value al the end ol each reporting perkyl. Any gain$ or hwes are recorde(l in the Statement of Financial Activrties. Listed investments are stated at fair value al the balance sheet date. The Staternent of Firsancial Activf(ies indudes the net gains and kjsses arisw on revaluatw)ns and dtsFX)sals throughout the year 2.9 CURRENT ASSET INVESTMENTS Current asset investments are those which are held for resale or pending their sale and cash on deposit with a maturity date of tess than one held for short4erm investment purposes rather than cashflow. Current asset investments are Vall al fair value unle55 they qualfy as basic financial assets. 2.10 DE8TORS Trade and other debtors are recognised at the settlement OUnt after any trade discount offered. Prepayments are valued at the 8mtrJnt prepaKI rf of any trade discounts due. 2.11 CASH AT BANK AND IN HAND Cash * bank and in haNJ includes cash aNJ short4emi h¥hty investments with a short maluiity of three months or less frn the dale of acqUiSrtn ov cyening of the deposfL or similar accounL Page 33
D¢cusiw ID". 421E11076E7Gj14(F[94174 CARETECH CHARITABLE FOUNDATION {A Company Lirniled by GuaAntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POUCIES ICONTINUED) 2.12 LIABILITIES AND PROVISIONS Liabilitses are recognised vthen there is an cligat¥)n at the 8alancL Sheet dale as a result of a past event, rt is probable that a lTrn5fer of eConnic benefft wim be rè4uired in settiemenl. and the amount of the settlement can be estimated liabfy. Liabilthes are recognised at the amount th the Charity anticipates it will pay to settle the debl or the amount rt has receNed a5 advanced payments for the gOCrtJ$ or services rt must provide. ProvisKJns are measured * the best esbmate of the amounts required to settle the oblto)n. Where the effect of the lime value of money is material. the provision 15 based on the psent value of th058 amounts. discounted al the pr&lax discount rnte that reflects the risks speufie to the liability. The urwindiry of the ¢Jiscount is reccJnised in ihe Statement of Financial ActNrties as a finance cost. 2.13 FINANCIAL INSTRUMENTS The Charity onty has financia assets and ffinancial liabilities of a kind that quahfy as basic financial inslfuments. Basic financial instruments a initolty reccgnised at transaction value and subsequently measured * their Settment walue wrth the exception of bank l¢)ans which are subsequently measured at arr#)rtised cost using the effeciNe interest method. 2.14 PENSIONS The Charity operales a defined oJntn"bution pension scherne and the pension charge represents the amounts payable by the Charrty to the fund in respect of the year. 2.15 FUND ACCOUNTING General fvnds are unrestricted funds whth are avablable for use at the diSclI0n of the Trustees in furtherance of the general c)je¢tNe$ of the Charity and which have not teen designated for other Designated funds c(%nprise unStrted funds that have been set aside by the Trustees for particular purposes. The ajm and use of each destqnated fvnd is set out in the notes to the financial slalements. Restricted fund$ are fvnds which are to be used in accordance Specif restriction5 imwsed by donors or which have been raised by the Charty for PartUlar purposes. The costs of raising and administerbng $u¢h funds are charged against Ihe specrfK fund. The aim and use of e<h restrided fvnd is sel oul in the noles to the financkal statements. Investment income. gains ar¥1 losses are alkxaled to the appropriate fund. Page 34
Docusn En010." 421E11o7-F6E711c¢C£F[x94(cI?74 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Estimates and judgements are contsnually evaluate(l and are based on historical experience and other factors, including expectats.ons of futu events that are believed lo be wsonable under the circumstances. Criti1 acnting estimates and assumptth5: The Charity makes estimates and assurnptions COnming the future. The resutting accounting estimates arKI assumplK)ns will. by definrtion. seldun equal the lated actual re5Utis. The estimates and assumptions that have a SnifiCant risk of causing a malefial adjuslffenl to the carrying anw)unts of assels and lbilItIeS wiihin Ihe next finan¢ral yeaf are discussed bekM. The key assumptions in the aceounts are the renrtn of multi•JÈar grant commitments and the valuation of investrnents. The key judgment in mutti-year grant C(ThmitMls is that the of future Par$ (emains in the control of the Foundatn. The commitied amounts are $h(ywn in note 17. The F81)n holds intmentS in a shareholding of a private ccAnpary. The Trustees believe that there is no rdiable fair walue for Ihese unlisted shares and therefore these sha$ are hekl at cost. The Trustees Commissioned an IndepenI expert to carry out an impaiment review based on the managemeni forecasts made awlable by CareTech Ltd. Trustees te that a numbei of assumptions are used lo assess the value of the ccfflpany and potentrdl impairment. However the Trustees are satisfied. after review of the variables in the assessmeni. that based on the fxt that the shares cannot currently be sold and the continued donations frn the Group. rK) wnpaim7enl is currently rCeSsary. As set Out in the a¢cc¥Jnting pdy, the Trustees assess the fair value of the investment property al the erKI of each reporting perKxI. The value of the property is subject to professw)nal advice re¢eived, derived frcrtn the current market rents and in¥e5trnent propety yield5 for comparable real estate. adjusled rf necessary for any drfference in the nature, tlI0n or condilton of the speufic asset and by Trustee review of the impact of market condrtions or other changes in the per#Y tjetween professional valuations. Considering the fange of indTrce$ available the Trustees con$Kler Ihat the ValUatn eould be ebther £125,000 higher or than the stated valuabon depending on the iThJices used. The Trustees are satisfied that the current valuation remains fair value. Further ¢Jetails on the lair Value metlw)Js us&Y afe provhjed in Tr)te 13. Page 35
Lknctsslgn Envelope .. 421E11076E76l1-8C*c4FDCg4l274 CARETECH CHARITABLE FOUNDATION IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 INCOME FROM DONAnONS AND LEGACIES Unrestrlcted funds 2025 Total funds 2025 T¢)tsl funds 2024 funds 2025 DONATIONS Chanpioning Sockgl Care Othef donations 122,082 972.513 768.776 818,776 768,776 so,coo 818.776 1,094,595 TOTAL 2024 813.25S 281,339 1.094.595 Unrestricted donati¢XhS include £18.182 grfl$ in kind Id¢ated seThKesl from CareTech Ltd 12024.. £8.7311. INVESTMENT INCOME Unrestricted funds 2025 Totsl funds 2025 Total fund$ 2024 Inme from investment pfopertes Inwme from lisled investsmenls Interest income 217,242 41,5 217.242 41.905 7.868 209,537 45,361 7.386 267.015 267.015 262,284 TOTAL 2024 262.284 262,284 Page 36
DOsj EnloFe10.. 421E1107-F6E7.861l-8LFc9KTh274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 EXPENDITURE ON RAISING FUNDS COSTS OF RAISING VOLUNTARY INCOME Restricted funds 2025 Total funds 2025 Total funds 2024 Championing Swal Care Events 35,159 TOTAL 2024 35,159 35.159 ANALYSIS OF EXPENDITURE BY ACTivrriES Grant funding of activities Supwt costs 2025 Total funds 2025 Tt)tal funds 2024 2025 Skills devek)pment in care sect( Dj'sabililies aThJ mental hedth Supporting cnMunitieS Champx)ning So¢ial Ca 661.866 33.407 245.458 1 W2,324 104,S17 88,338 764.190 137,924 333.796 694,414 131,093 372,083 143.448 940.731 295,179 1.235,910 1,341,038 TOTAL 2024 981,711 359,327 1,341.038 In 2025. £166.665 01 charrtable activty expenditure was altribulable to restrjcted funds and £1.C65, 184 was attributable lo unlestrled funds. In 2024, £297.874 vras trl)ut*Je Io feslricted funds and £1,043,164 was attnbulable to unrestrKted fuThJs. Page 37
Docwsn EnkJFe10.. 421El1D?6E781IlFL9l(c4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS Skllls in care mental SupportiTrJ Champh)nirwJ sector health communities Social Care 2025 2025 2025 2025 Totsl funds 2025 Total funds 2024 Staff eosts Admin support 8ank charges Gener81 expenses Insuran Piinling and statlonery Website costs Staff training Travel Marketing Leg81 expenses Audrt and accountancy services Subscrsptions Postage 70,OCM) 6,778 245 71.5rAJ 6,922 250 60.432 5.851 212 201.932 19.5S1 707 264,254 10,496 966 2.213 1.032 2.261 1.055 1.911 8¥2 6.385 2.979 5,495 3,035 107 15.483 2.112 4.210 16.395 3.918 242 4.001 248 713 3.382 209 699 2.013 23.622 698 8.189 7,C69 1146> 11481 (125) 1419) 10,963 8.303 852 7.167 736 23.950 2A59 22.317 3.482 12 871 102.324 104,517 88.338 295,179 359,327 TOTAL 2024 125,685 ,016 93. 43.663 359,327 Included in support costs a g0Vem costs trAaMing £23.531 (2024.. £33.2801 induding audit fees of £13,60012024'. £12,8>. Page 38
Docusign Envek)pe ID. 421E11o7.F6E74611.8(EC£FtgI(C4Z74 CARETECH CHARITA8LE FOUNDATION IA Company Limited by Guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ANALYSIS OF GRANTS Grnnts to Grants to Institutions Individuals 2025 2025 Total fvnds 2025 Total funds Improving skills Supporting pewle Supporting employees and local CmUnIeS Championing Swal ca . Eé1,866 661,866 33.407 245.458 568,729 35,077 278.120 99,785 33,407 141.115 104.343 766,209 174,522 940,731 981,711 TOTAL 2024 749,245 232,466 981.711 "In 2024, Championing Sccial Care activrt*s were transferred over to a new charty nan&J Championing Socral Care. Grants ntinue lo be paid to this charity. however. these are cla5ssified within the activity of SUprting Iccal communities. since Championing Social Cafe is no l¢)nger an activity undertaken by the Foundati¢Jn. Pa9e 39
Dow$4n En¥eW10." 421E1107.FfjE746114(fLCFLt94(C4274 CARETECH CHARITABLE FOUNDATION IA C¢)mpany Limit by Guarantee> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Chaity has made the fdlcMing material grants lo inslrtulions duriNJ the year.. 2024 2024 NAME OF INSTITUTION Access Social Care Adion for Kids Adopt a Grandparent (chWlng knial Carel Ahelme¢S Scoety Auslica Breaking Bairiers British Asian Trust Championing Social Care Motivation Charrtable Trust Nalional Theatre Pakistan SEND Sense Intemational The Children's Society The Open University Together for Short Lives Whoz-Kidz YoUj Epilepsy YoLrth Leads UK Other grants under £10.0 Unused grants retumed 50,000 14,836 120,000 22,2S4 23,060 7S.000 48,500 104.500 118.113 25,000 108,000 30,000 17.320 33,571 30,000 43,939 60.000 50,000 150.000 73,913 41,000 28,000 10.500 109.496 {16,443 159,670 112,7751 TOTAL GIIANTS TO INSTITUTIONS 766,209 749,245 AUDITORS. REMUNERATION 2025 2024 Fees Payab to the Charivs auditor for the audit of the Chanvs annual accounts (excluding VAT) Fees payab lo the Chanws audrtor in respect of. Acmuntar servTrs lexduding VAT) 13.600 12.800 2,750 2.750 Page 40
Docusign Envew ID.. 421E1lD7.F6E7.86114tlFL94Cc4274 CARETECH CHARITABLE FOUNDATION IA Company Llmtted by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. STAFF COSTS 2025 2024 Wages and sataries Social security costs Contribution to defined contrilNJtion penSn Sche 177.370 16.780 7,782 233,725 19,344 11,185 201.932 264,254 The average number of persons ernployed by the Charity durirHJ the year was as lolknvs.. 2025 No. 2024 No. Management •KI adminislrabve staff The numtrer of arployees whose ernptye benefrts {excluding employer pension costs) exceeded £60.WO was: 2025 No. 2024 In the band £70,CQ1- £80.000 The key management personnel of the Charity crpriSe the Executive Drrector. Partnerships Manager and the Trustees. The total rernuneratK of key management personnel. incltjding pension contr¢bulion$ and employerfs nat insurance contribulK)n$. was £108.351 (2024". £148.9591. Page 41
DOCV4n ErNeknpe ID.. 421E11D7-F6E74611-ew¢FOC91L4274 CARETECH CHARITABLE FOUNDATION (A Company Limitod by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 11. TRUSTEES. REMUNERATION AND EXPENSES During the year. no Trustees received any runeratIon w other beneffts12024 - £NIL). During the year ended 30 September 2025, expenses totalling £NIL we reimbursed or paMJ directly lo Trustees 12024 £356 to 2 Trusleesl in respect of travel expenses inCued as part of their role as Trustees. Grants totallir¥J £Nil were pakl lo Irustees 12024.. £700 - one trustee who is also a slaff member of Caretech Ltd. wrthin the standard tem)s of entitknient for the staff hardship fund. The trustee was not involved in the decision to pay the grant.}. See further relaled party discb)sure5 in note 25. 12. TANGIBLE FIXED ASSETS Offica èquiprnent COST Al 1 October 2024 Addstions Disposals 10.874 1,000 1700) At 30 September 2025 11,174 DEPRECIATION At 1 October 2024 Charge for the year On disposals 3,892 2.369 12771 AI 30 September 2025 NET 800K VALUE AI 30 September 2025 5.190 AI 30 Septemt*r 2024 6.982 Page 42
DOTr En110.. 421E1107.F6E746I1-eiK£F274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 13. INVESTMENT PROPERTY Frnehold Investment property VALUATION Al 1 October 2024 3.700.000 At 30 September 2025 3.700.000 The fair value of the prcwty is based y)n a re1 provNJed by Clulions LLP. wh) were engaged to establish the market value for the property at 30 September 2022. CILrttons LLP are professional commercial valuers and have ppared theFr Tewt in accordance wrth the RICS valUatn Global Standards 2022. Cluitons were provided with detsil$ of the tenant and based their valuation on the propety being c¢¢upd by those tenants. The investment is subject to a thirty-year operatin9 lease with a company within the CareTech Ltd gfOUP. The Trustees conshler thai the Valuat pwred by Cluttons LLP of £3.7m. described above, remains represenlalive of the fair value of the prcyety. Page 43
DOcn EnweS)pe 10.. 421E11D7.F6E746114CfjC-CFCC94(C4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 14. FIXED ASSET INVESThIENTS Listsd U1sted investments Investments (Valuation) Icostl Total COST OR VALUATION At 1 Cklober 2024 Revaualions 1.425,842 45,169 1.882.166 3.308,008 45.169 AT 30 SEPTEMBER 2025 1.471.011 1.882,166 3.353,1TI During the year CareTech Ltd donated £Nil in sha$ to protecl the Foundation's shareholding as a consequence of a nghts 155ue (2024". £109.527). 15. DEBTORS 2025 2024 DUE WITHIN ONE YEAR Amounts ¢)wed by relatal party Other debtors Prepayments and accrued irK(Kr 300.000 53 700.000 4.484 300,053 704,489 Page 44
En¥eW10.. 421E11D7.F6E74611-8C¢CiFC¢94(t4274 CARETECH CHARITABLE FOUNDATION IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 16. CURRENT ASSET 114VESTMENTS 2025 2024 Cash hekl for short temi investment 215,253 207,386 17. CREOITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Trade ¢itorS Other taxation and socia 5ecurty Accruals and deferred incon Grants acuued 21,568 887 26,657 648.401 1.276 887 23,447 880.413 697.513 906,023 2025 2024 PIOVEMENT IN DEFERRED INCOME Deferred ineome at 1 Octcèer 2024 Amounls reSe frcm previous pertsys 10,3(KJ {10.3CQ} DEFERRED INCOME AT 30 SEPTEMBER 2025 Deferred income in 2024 related to ac11leS carried out in 2025. 2025 2024 MOVEMENT IN GRANTS ACCRIJED Grant commrtrneni at 1 Octc*w 2024 Grants commrted Grants paK 880.413 1,419.527 940,112 884.151 11.172.124) {1,423.2651 GRANTS ACCRUED AT 30 SEPTEMBER 2025 648.401 880,413 Granls ccmmitted but not accrued at 30 September 2025 were £378,34012024.. £244.176). Page 45
DocusvJn EnyeW10. 421E11D7.F6E74611-4COxF9(4214 CARETECH CHARITABLE FOUNDATION IA Company Llmited by Guarnnteel NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 30 Galnsl September 2025 8alance at 1 TAn*rs UNRESTRICTED FUNDS DESIGNATED FUNDS Unlisted Investments 1.882.166 1.882.166 Investment Pfoperty 3.700.000 3.7(NJ,OOD $,582.166 $.$82,166 GENERAL FUNDS General Funds 1.876.818 1.035.791 11.069.795) 191.115) 44.746 1.796.445 TOTAL UNRESTRICTED FUNDS 7A58.984 1.1135.791 {1.069.7951 (91.1151 44.746 7J78.611 RESTRICTEO FUNDS Cl)ampioning Social Care Staff Hardship FuThJ 125.000) 9,284 91.11S 34284 50.000 {166.1151 91.115 9.284 TOTAL OF FUNDS 7.493268 1.085.791 {1.235.9101 44,748 7.387.895 Page 46
Do¢u$van En%¢[¢10.. 421E1107.F6E74611-8C6C£FtC94(C4274 CARETECH CHARITABLE FOUNOATION IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. STATEMENT OF FUNDS {COPmNUEDI STATEMENT OF FUNDS - PRIOR YEAR 8alance al Bala at 1 Oct¢)ber 2023 hxThe Tws inloul Gain September 2024 UNRESTRICTED FUNDS DESIGNATED FUNDS Unlisted Investments 1.772,W9 3.7.( 109,2S7 1,882,166 3,700,000 Investment Property s.472.9 109,257 5.582.166 GENERAL FUNt)s General Funds 1,974,598 1.075.540 11.043.164) (147.387) 17.231 1.876.818 TOTAL UNRESTRICTED FUNDS 7.447.507 1.075,540 11.043,184) 138.130) 17,231 7,458,984 RESTRICTED FUNDS chamonIng Social Care Staff Hardship FLtnd Stxial Care Leadership Scheme Donated shares 47.148 122.082 (134.9461 34,284 (197.387) 147.387 71]0 17001 109,257 1109.2571 47.848 281,339 1333,033) 38,130 34,284 TOTAL OF FUNDS 7,495,355 1.356.879 {1.376.197) 17,231 7,493,268 Page 47
Docusb3n Enveb)Fe ID.. QlEl1D76E76I1-8cC<Fc¢910C4274 CARETECH CHARITABLE FOUNDATION (A Company Limited by Guarantse NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 18. STATEMENT OF FUNDS (CONTINUED) Staff hardship fund The Foundation recewes a restricted donalp)n from CareTech Ltd to enable us lo provide Small grants to caTech staff and those who may have rentty left the company who find theMsee$ in sHJnrftcant financial hardship or al risk of becoming in signthcant finanal hardship. Championing Social Care The FourKlatw receive$ restricled funds for the Ch¥rtpvJnirJ soc1 Care campan. whieh strives lo ensure a wider and deewr public undefstanding and apprectn for the sctial care sector. Inv•$tment in property and ynlisled shares The designated fund has been established to refd the Foundation's assets whith are represented by long term investment$. Transfe Transfers beknn T8StrKleil and unrestrided ServeS present amounts contrknjled lo restricted furKIs from the charilvs unrestlted funds. Transfers a made to desigr*ted funds to fie¢l any movement in the value ol the assets (see Nole 141. Page 48
Oows+)n En¥ebr¢ 10". 421E11D7.F6E74611.8CfjC-CFCC941f4274 CARETECH CHARITABLE FOUNDATION IA Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestricted funds 2025 Total funds 2025 lunds 2025 Tan9ibJe fixed assets Fixed asset Investr Investment property Current assels Credilors due wlhin one year 5.1 3.353,177 3.7.[ 1.017,757 1697.5131 5.190 3.353,177 3,700.000 1.027,041 1697.S131 9.284 TOTAL 7.378,611 9,284 7.387,895 ANALYSIS OF NET ASSETS 8ETWEEN FUNOS - PRIOR YEAR Unrestricted funds Totsl funds 2024 funds Tangible fixed asse¢$ Fixed 85set investments Investment property Current assets Crediéors due wthin one year 6.982 3,308.008 3.700.0110 1.350,017 19C6.0231 6,982 3,308,008 3,700.0 1.384.301 1906,023) 34,284 TOTAL 7,458,984 34,284 7,493,268 Page 49
Docusign En¥eitwe ID. 421E11D7.F6E74611aGCFf$d{c4274 CARETECH CHARITABLE FOUNDAnoN IA Company Limlted by Guarantee) NOTES TO THE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2024 Net expen(tilure for the al las per statnI of Financial ActivitYès> 1104,950) 12.087) ADJUSTMENTS FOR: Depre¢ih?n charges Fixed asset addftions in kind Lossllgainl on investrnents Dividends, interests and rents from invesknents tjecreasellincrease) in debtors Decrease in creditors Donated shares 2,734 11,500) (17.231) (262,2841 250,012 1597,011) <109.2571 (1,000) 145,1691 1267.015) 404.159 1208,S101 NET CASH USEO IN OPERATING ACTMTIES 1219.8391 1736.624) 21. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2024 Cash in hand 511.73S 472.426 TOTAL CASH AND CASH EQUIVALENTS 511.735 472.426 22. ANALYSIS OF CHANGES IN NET DEBT At30 September 2025 2024 Cash flows Cash al bank and in hand LNuid invesbrents 472.426 207,386 39.309 7.867 511,735 215.2S3 679,B12 47.176 726,988 Page 50
DOSIgn EnOpe D.. 421E11D7AE746114ceLcFCC91CC4274 CARETECH CHARITABLE FOUNDATION IA C¢)mpany Umiled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 PENSION COMMITMENTS The Chanty ci)erates a defined Contributi¢ penSn stheme. The assets of the scheme are hekl separalety frcm those of the group in an indepefidentty administered fund. The pension cost charge of £16,780 PsentS contributions paJ"d by the Charity to the fun¢J 12024.. £19,344). No contributions were payable to Ihe fund al the baL4n¢e sheet date (2024.. £Nil induded in ¢0$tOrs). 24. OPERATING LEASES RECEIVABLE At 30 September 2025 the Charty had commitments to ceNe fLrture minimum ase payments under nanCelIable opefating leases as fd10". 2025 2024 Not later than 1 year Later than 1 year ar nat later than S years Laler than 5 years 220.316 881.264 6.067.268 212,946 851,784 5.110,704 6,168,848 6,175,434 Lease Ceipts increase each year based on a percentage agreed befvoen lessc* and lesee in advance that is broa<lly irh line wth infflatK)n. RELATED PARry TRANSACTIONS During the year Coretech Holdings pk. CaTeCh Ltd, a company wrth three MUal TrusteeslDirectors, made donatKJns to the Charrty of £8J8.18212024." £9.2571. This included a gift in kind ol shares in the unlisted company of £Nil (2024". £109.2571, and (kJnate11 SerViS1g00dS 01 £18,182 12024.. £8,731}. A balan of £300.CO) remain5 OUtstsr¥Jing at the year end12024.. £700.OWI. No trustees made donations to the Chanty during the year (2024." £Nill. See furtfÉr related paty disclosu3 in note 11. Page 51