Company registration number CE024193 IEngland and Walesl Charity registration number 1191815 IEngland ond Wales) THE EXCELCARE FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE EXCELCARE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Engin Ertosun Mr Osman Ertosun Mr Mertdooan Ziya Ms Samantha Jane M8nniNg Country of incorporation United Kingdo (England and Wales) CE024193 Charity registration England and Wales 1191615 Registered office Ertosun House 61 Widmore Road Bromley Kent Englarid BR13AA Independent èxamlnor KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL Bankèrs CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME194JQ THE EXCELCARE FOUNDATION CONTENTS Pagè Trustees, report Indepèndent examinerfs report Statement ol financial activit185 Balance sheet Notes lo the financAal statements 6-10 THE EXCELCARE FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and financlal statements for the year onded 31 March 2025. The finan￿81 slatemenls have been prepared in accordance wth the accounting policles sel out in note 1 to the financial slalemenls and comp5y wilh the eharily's ooverning docum8nl. the Companies Aol 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Iieland and the Charities SORP "Accounling and R8POrting by Charities.. Statement of Reoommended Practice applicable lo charities preparing their accounts in accordance with the Fillanclal Reporting Standard applicable In Ihe UK ar)d Republic of Ireland IFRS 1021" Objectives and activities The objectives of thè Excelcare Foundalton are lo relieve financlal hardship amongst employees or the immediate family members of employees of Excelcare 8nd 11 subsidiary companies who are in need by reason of ill heallh or bereavement. Grants will be made lo employees of Excelcare and ils subsldlary companies andlor to mèmbèrs of Iheir immediate families who have been diagnosed with a terminal or seTiOUS illness or have been bereaved and require financial assistance lo alleviate financAal hardship asso¢S8led with their termin81 or serious illness or beTeavemenl. The slze of the grant made will vary from grant lo grant In accordance with the Appllcalion of Funds Policy. Curienlly there are approxirnalely 2,500 peoplè who are employed by and ils subsidiaries Public benefil The trustees have paid due regard lo guid8nee issued by the Charity Commission in deciding whal aelivities the d)arity should ulldertake. Achievements and perfom)ance Significanl aclivilies and 8ohigVgiF7ents againsl obj8cIIv88 During thè financsal yeaf 2024125, the foundation has mad8 20 donalions lo team members totaling £28.171.91. Significant raGlors Rlsk asses$m&nt The major risks lo which the charity Is èxposed, as identified by the Iruslees. have btsen r8v18wed and syslems 6Stablished lo millgale these risks. Financial reviaw Res&Nes policy Man8gement of cash feseNgs is prudent and cautious. All funds are held in an interest bearing bank account with CAF Bank Ltd. Trustees revièw any charitable donatlons 8warded, consideiing each indivtdual amount. Structure. govemance and managemenl The secretary lo the Foundalion maintsins the records of all a¢livily for the Excelcare Foundation al the Excelcare Head oifice in Bromley. Kent. Nonfj of Ihe Trustees or Excelcare employees providing administrative soniiees to the Foundalv)n r8¢eived remuneration from the Foundation, nor does the Foundation incur rent or other busln8ss occupancy costs. The Iruslees, who are also Ihe directors for the purpose of company law, and who seTved during the year and up to Ihe date of signature of the financial slalemÈnls were-. Mr Engin Ertosun Mr Osman Ertosun Mr Mertdogan Ziya Ms Samantha Jano Manning THE EXCELCARE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruilm8nl appoinlment of Iruslees Trustees are ele¢t8d in accordance with the constitution al the ¢harilies annual general meeting. The procedura for the appointment and period of setviGe hekl by Truslees is defined in the Foundation 1st trust deed. Trustee5' rèsponsibilities Statèment The Iruslees are responsible for preparing the TrusléÈs Report and the financial statements in a¢cordance wilh applicable law and regulations. The Charities Act 2011 requires the trustees lo prepare financial statement for each financial year. The Irusleos rnU51 prepare the financial stztemenl in ac￿rdance wth United Kingdom Generally A￿pIed Accounling Praolice Iuniled Kingdom Accounting Slandards and applicable Saw). The Iruslees much not appiove the financial slaternenls unless Ihey are 5alisfied that they give a Iiue 3nd fair view of the st81e of affairs of the charity and of the incoming resources and application of resoLJTces, including the income and expenditure. of the charity for the peiiod. In preparing these fin8nual statements, the Irusle8s are required lo.. Select suitable accounting polieles and the apply Ihem consislenlly, Observe the methods and prinoiples in Ihe Charities SORP. ake judgements and accounting eslimates thal are reasonable and prudent, Prepare the finan¢ial statements on the going concern basis unless il is inappropriate to presurne that the Charity will continue In business. In so far as the trustees are awar8'. The trustees have taken all steps that thèy ought to have taken to makes themsèlvès aware of any relevant information and lo establish that the independent examiner is aware of that information. The Iruslees, repori was appro dbyl Board of Trustees. Mi Osm8n Ertosun Trustee 22 December 2025 THE EXCELCARE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EXCELCARE FOUNDATION I report to the Iruslees on my examinalion of the linanaal stalernenls of The Excelcare FoLJndation Ilhe ¢harityl for thè year ended 31 March 2025. ResponsihÉlitl•s and basis of rèport As the trLJStees of Ihe chaiity land also ils directors for the purposes of cornpany lawl, you are rosponsible for the preparation of the financial statemenls in awordance with the requirements of the Companies A¢1 2006. Having satisfied myself Ihal the financial statements of the charily are ntsl required to be audited under Parf 16 01 the Companies Act 2006 and are eligible for independent examination, I report in respect ol my examination of the chaiily's fillancAal slalemenls carried out undeT section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by Ihe Chaiity Commission under section 145151{bl of the Charities Act 2011. Indepèndent examiner's statement I have completed my examination. I confirm that no matters have come to my allenlion in connection with Ihe examination giving me cause lo believe that in any material respecl.. accounting records were not kept in respect of the charity as requlred by section 386 01 the Companies Act 2008. the financial slatemenls do not accord with those records., or the financi81 statements do not eomply with the accounting requirements of section 396 01 the Companies Act 2006 other than any requirement that the financial slalements give a truè and fair view, which is not 8 rnatter considered as part ol an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Slatemenl of Recommended Practice for awunting and reporting by charities applicable lo chaiiliès PTeparing their Iinancial stalements in accordan￿ with the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS 302). I have no concerns and have come auoss no other mallers in connection with the examination to which attention should be drawn in IhSs report in order10 8nable a proper understanding of the finaneAal slalemenls to be reached. Jaimin Shah FCCA KLSA LLP Kalamu House 11 Coldbalh Square London EC1R 5HL 22 December 2025 THE EXCELCARE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Unrestricted funds 2024 Notes Income from: Chaiilable a¢livilies Investmenls 26.487 27 12.751 20 Total income 26.514 12,771 Expendrturè on.. Charitable activities 28,463 11,001 Total expendlture 28,483 11,001 Net in¢omellÈxpenditurel and movement In funds 11,9491 1,770 Rèconciliation of funds= Fund balances al 1 April 2024 4.512 2,742 Fund balances at 31 March 2025 2,563 4.512 The slalemenl of finanaal activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing aclivities. THE EXCELCARE FOUNDATION BALANCE SHEET AS AT31 MARCH 2025 202S 2024 Notes Current assats Gash al bank and in hand 10,987 11.984 CreditOYS'. 8mounts falling due wlthln one year 10 18,4241 17,4721 Net ¢urrènt assets 2.563 4.512 Th8 funds of the charlty Unreslricled funds 11 2,563 4.512 2.563 4,512 The company Is entitled to the exemption from the audit iequiremenl contained in sedion 477 01 the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requiremenls of the Companies Act 2006 with respect lo accounting iecoids and the preparation of financial statements. The members have not required the company to obtain an audil ol ils finanaal statements lor the year in question in accordance wilh section 478. These financial statements have been prepared in acco[dan￿ with the provisions applicable to companies subject lo the small comp8ni85 règime. The financi81 slatements were approved by th Irus18es on 22 December 2025 Mr Osman Ertosun Trusteo THE EXCELCARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountin9 policies Charity Information The Excelcare Foundation is a privale company litniled by guaranlee Incorporated in England and Wale5. Thè registered office is Ertosun House, 61 Imdmore Road, Bromley, Kent, BR13AA. England. 1.1 Basis of prèparation The financial statements have been prÈpared in a￿Ordance with the ch8rity's governing document, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charilies SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Financial Reportino Standard applicable in the UK and Republic of Ireland IFRS 102) The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charities not lo prepare a s181ement of cash flows. The financial staternenls are prepared in stèrfing, which is IhÈ functional currency of the charity, Monelary amounts in these financial slalements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The PTincipal accounting policies adopted are sel out below. 1.2 Going concern At the lime of approving the finanual statements. the trustees hav8 a reasonable expectation that the charity has adequate resources to continue in operational existen￿ lor Ihe foreseeable futurè. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charltsble funds Unrestricted fund8 are available for use al the disci&tion of the Iru5tees in furtherance of their charitable objeolives. Restricted funds are SLJbjecl to speciflc condilions by donors tsr grantors 8s lo how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial statements. Endowment funds are subjeel lo specifi¢ Conditions by donors Ihal the capital musl be mainlalned by the charity. 1.4 Income Income is recognised when the chaTity is legal￿ entilled lo il aftèr any performance conditions have been met. the amounts can be measurèd reliably. and il Is probable that in¢ome will be received. Cash donations are recognised on receipt. Other donations aiÈ recognised once the charily has been notified ol the donation, unless pgrformance conditions require defeiral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenanl is recognised al the lime of the don2lion. Legacies are recognised on rec8iPt or otherwise if the charity h8s been notified of an impending disiribulion, Ihe amount is known, and receipt is expected. If the amount Is Dot known, the legacy IS treated as a conlingenl asset. Gift Aid redaimable on donation5 to the charity is recognised as incom& and included wlhin the amounts re¢eived when the underfying donations are made. THE EXCELCARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Icontinuedl 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefil to Ihiid party, it is probable that a tfansler of economie benefits will be required in settlement, 8nd the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of eath activity are made up of the total of direct C051s and shared costs, including support costs involved in undertaking each activily. Direct costs altributable to a single activity are allocated di18clly to that aclivily. Shared costs which colllribute to more than one activity and 5uppori costs which are not allribulable lo a single activity are apportioned between those activi1185 on a basis consislenl with the use of resources. Cenlral staff costs are allocated OH the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash èqulvalents Cash and cash equivalents include cash in hand, dtsposils held al call with banks. other short.lerm IiqLJid investments with original malurilies of three monlhs OT less, and bank overdrafts. Bank overdrafts are shown within borrowings in eLJrrenl liabilities. Basic financlal assels Basic financial assets, whid) indude debtors and cash and bank balances. are initially measured at Iransaclion price including Irangaetion costs and are subsequently carried al amortised cosl using the effective interest method unless the aTr2ngemenl constilules a financing transaolion, where the transaction is measured at Ihe présent value of Ihe fLJture receipls discounted at a market late of interest. Financi81 assets dassilied as receivable within one year are not 8mortised. Basic financiTal liabililies Basic financial liabilities, including creditors and bank loans are inilialty recognised al transaction price unless the arrangement constilules 8 finanang transaction. where the debt in51iumenl is measured al the Present value of the futur8 payments discounlod al a market rale of interest. Financial liabilities dassified as payable within one year are not amortised. Debt Instruments are subsequently carried al amortised eost. using the effeetive interest rale method. Trade crediloTS are obligations lo pay for goods or services that have been acquired in the ordinary wurse of operations frorn suppliers. Arnounls payable are classified as current 5iabililies il payment is due within olle y8ar or less. 11 not, they are presented as non-current liabilities. Trade creditors are r¢¢ognised initially al Iransa¢lion price and subsèquently measured al amoriised cost using the effective interest method. Derecognitiort of financial liabilllles Financial liabilities are dereoognised when the chaiity's contractual obligations expire or are discharged or cancelled. Critical accounting estim8tès and judgements In the applicalion of Ihe charity's aecounting policies, the trustees are required lo make judgernenls, eslimales and assumptions about the carrying amount ol asse15 and liabilities Ihal are nol readily apparent frorn other sources. The eslimales and associated assumptions are based on historical expeTien¢e and other faolois that are considered lo be relevanl. Actual results may differ from th858 eslimates. The tsslimales and undedying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are reeognised in the period in which the estimate is revised where the revision affeols only thal period, or in the period of the ievision and future peiiods where the revision 8ffects both current and future periods. THE EXCELCARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incoine from charitable activities Unrestricted funds 2025 Unrestrlcted funds 2024 ExcÈl¢ar¢ Donatlon Grants 2nd Donations 3,825 7,914 Just Giving Grants and Donations 10,838 4,798 Fundraising Grants and Donations 11.824 other Grants and Donalions 39 26,487 12,751 Incomè from Inv&stments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 27 20 Expenditure on charitable activitles Donations Paid 2025 Donations Paid 2024 Direct costs Admin Costs Donation Paid Bank Charges 216 28,172 75 217 10,713 71 28,463 11,001 Analysis by fund Unrestricted funds 28,463 11.001 THE EXCELCARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 2025 2024 The nel movement in funds is slated after chargingl(credilingl". Fees payabl¢ for tho independeal exarninalion of the charilws financial slalemen15 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefi15 from the charity during the year. Employees The average monthly number of employees during the year was.. 2025 Numbè 2024 Number Total There were no employees whose annu81 r8muneralion was more than £60,CM)O. Taxation The tharily is exempt from laxalion on 11$ 8¢livilies because all its income is applied lor charitable PUfKK)ses. 10 Creditors: amounts falling due within one year 2025 2024 Other creditors 8,424 7,472 11 Unrestrietèd funds The unrestricled funds of the charity comprise the unexpended balances of donalions and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds whi¢h have been sel aside out of unrestiicled funds by the Iruslees lor specific purposes. At 1 Aprll 2024 Intoming resources Resources At 31 March expended 2025 General funds 4,512 26,514 128.4631 2.563 Previous year= At 1 Apr51 2023 Incomlng resouree5 Resourcès At 31 March expended 2024 General funds 2,742 12,771 111,001) 4. Jf12 THE EXCELCARE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 12 Related party transactions There were no di￿705able Telaled party transactions during the year12024- nonè). 10-