REGISTERED CHARITY NUMBER: 1192801
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR TIIE YEAR E￿DED31 ￿lARc11 2025
FOR
HEAD FOR CHANGE
Lile5 Morris Limited
RO C4M)mbe R()ad
Noi" Maldcn
Surro"
KT3 4(?$

HEAD FORCHANGE
CONTEP4TS OFTHE FINANCIAL sTATE￿IENTs
FOR THE I'EAR ENDED31 ￿lARCH 2025
P4ge
Referente and Administrative Details
Report of the Truslees
Independent Ei*rniner'5 Report
StAttment of Finantisl A¢tivitie5
Bal*nce Sheet
Notes to the Finxnci*l Statements
10 10 15
Det#iled St*iethent tsf Fin*nri*l Actlvl¢les
16 17

HEAD FORCHANGE
REFERENCE AP4D AD￿11%15TRATI%'E DETAIIS
FOR THE I'EAR ENDED31 ￿lARCH 2025
TRUSTEES
l)r S Tucker
Mr5 M Bramiirll-Popham
Mr WCIu45
K BttLh lappointrd 8.8.251
PRINCIPAL ADDRESS
Applecr()55 Hou
Chepsioi4' Road
Lang5￿ne
NP182JP
RLC-IS'J'tr.RED C.H.4RITI'
NII￿1BFR
192801
INDEPENDENT ExA￿lINER
Liles Mo￿lS l.imi*d
80 c(X)m￿ RoJd
KI'3 4QS
CHARITY WEBSITE
wM%".h¢adlorchang¥.OTS

HEAD FORCHANGE
REPORTOF THE TRITSTEES
FOR THE I'EAR ENDED31 ￿lARCH 2025
The trustees present iheir retKIrt iiiih ihe linaDLial slateThenLS of ihe charit). for the )eaT ended 31 MHrLh 20?5. The
trustees haNe adopted the PTOI'15ioll5 01- Accounting ar￿ Rewkrting bi" Chariiies= S￿le[ne￿I of Recotnrnended Practice
applicable io chariiies preparing their aecounis in aecordance ii-iih the Financial Re￿rtIng Stsndard applicable in the
UK and Republic ol-Ireland11.'RS 1021 lelTective l JanuaTV 20191.
OBJECTIVES AND ACTIVITIES
Objective5 and aims
IL'ad Ii)r c'h￿ing¢ is a chaTity' pioneering ￿sitI￿.C change ￿ wioriiise brain health in sport. We iiant to create a ii'orld
here stM)rt l5 as good for your brain as il is for your iM)d)'.
ThL Lhariiy LmLoufLgLs L ￿ldLneC-baSL￿d Loni'Lrsaiions aLN)ui brdin salffl!. lor rugb) pla%ers and I￿[baIlers. We work to
dL-bunk misinlomia¢ion ¢0 wini w ¢r¢dibl¢ r¢w¢h w inli)m) plo%¢rs. Fwimts. ¢oa¢h¢s. adminisiraiors and la
makL'rs.
WL providL 3 main scrniLes'.
CAre and Support: SUp￿rtIng ex-plai'er& and iheir famrlies. are alTected bi, neur(xiegeneraliNe dise&8e as a
rLsuIt i)I' IhL'ir prÉ)IL'%S11)nal srrt)rting ¢ar¢¢r in ti)oihall or ru8b%. Proi'i4ing pr#Ltiial sUp￿)rt 1£) indil'iduals i4'hc) havc
sull¢r¢d Irom ¢on¥ussion, ￿Sly¢0￿v&s10n, CTL and oth¢r n¢urode8¢n¢rJiiv¢ diseases and th¢ir lamili¢s.
Lducation.. l)rÉ)rn()ling LxiuLati()n un4J Un￿l￿￿[￿lng (If ihL LtTLL15' und ri%k% iifLM)nLU551(In. ￿)St￿lincusllIjn. C-'I'l.'
und
()IhLr u%bi?LlalLd nLuriidL¥LnLratii'L di.%LasL'% in.%￿)rtsMln und %p()rt5'14K)mLn. 'I'hi% ini'iili L4 IV(ITking 14'iih SLhiiiil%. Lluh%.
5pi)ris' gi)I'Lrninb FK)diL% dnd pla%L'rs' rL'pfL'%LmtJlll'L l)r8dThi￿lIQn5. suprA)rting ihcm u) JLtjl'L.l}' pr(iMi)￿. plJ>'LT Il'LllarL
nd ti) proteL't the luluTC ofihe 5rx)rts.
Re5eir¢h.. Slip￿)￿in¥ indepcndeni resLwch ￿ proi'idc answers ￿ thc more nuanccd qUCSii()ns in ()rdcr to makL sN)rts
WL Ii)vL li)(Itball and rusb). We w7fbl Io PTY)tCL'I Ihc pla)'crs and proiect thc gan￿s.
Publi¢ beth¢fil
'I'h¢'l'ru%l¢Lb Li)nfimi th¢y hai'c ¢f)mpli¢d iviih the dut%" in sttiiiin 17 ofthr C'hariii¢s A¢¢ 2011 ￿ havc duc rcgard io ihc
publiL k'nLlit guiduniL publishcd bi. IhL C'omtni55ion in dL'tL'rmining aclivitics undcrtaken by thc Lharily.

HEAD FORCHANGE
REPORTOF THE TRITSTEES
FOR THE I'EAR ENDED31 ￿lARCH 2025
AC.HIEVEMENTS AND PERFoR￿lAYc.E
C'haritable actiTr'ities
ThL ￿harIt￿ has continUL￿d io dLIi¥Lr an Lipanding ￿ of aai¥i(tes. projects and scti'ices in the ￿riod. These hai'e
iMpro￿¢d both thc circumstancLs ot ihc ￿nefiCiarieS and prol.ldL￿ bcnetiis io s)cieTh' as a Hl)ole.
Nav websit¢- At ihe ¢entTe of all our alti￿.111e% is our Mtb%ite hitpsJlheadf<)t¢hange.org.uk/ I4hi¢h ha% had u maji)r
r¢launLh this i'eaT In OTdeT lo clarifi. our public image and me5sage& along 14iih signifjcanl uFyJaie5 lo OUT se￿.1c¢S and
inlumiuiion proi'ided. "I"hi5 now tornis a ke). part of our Communi￿10n5 and hom, eiistitlg and rotential beneficiarie5
access our help and supwrt.
EdutAtlon.' This year we succe&sMllv piloied our Brdinsale educaLion course with c450 participants in 7 schools and
¢lub% in I Ik Jnd IIS. This had sci'cral obj¢¥iives'.
() Pr()m(It¢ suf¢ partiLiputivn in 4K)rt5 in 5ch(K)Is and Llubs aLTOSS the IIK fi)r Lhildren aged 12 to 18.
() InLrLu%L LduLatiÉin und aiiarLnL55 ()r ihe rrf)siiiic impucts (Dr 4x)rl al()ngside the risk5 of bro1￿Tel￿￿d injurie5 and
h￿1t Lan k. done to rcducc Ihcsc before. durin8 and after plai'in8.
o l..nablL LhildrLn. parLnts. tLaLhers and coaLhcs to make edueaknj decision5 re8ardin8 StM)ris partieipation.
l)rc)iid¥ J litx, ¥as>-io-UX' ¢ixil IL)r p¢wpl¥ 10 Usi.
o'l'i) l¢am Iri)m c)ur pilot s¢itiin8s so thai iY¢ ¢an mll oui an impro¥ed iersion 2 in midlloLe 2025.
C.#re ind 8upport'.
() In addiiii)n Ii) Ll)nlinutns l() .%up￿rt impacicd rfftiplc ihrou8h our l..xtrJ .1 irne .1 i) 'T'olk and C'()mc RidL 11.'iih Mc
$Lf￿1¥￿'s. %￿L lJunLhL,d a n¥iY C'i)mL' Walk Wilh NIL iniiiaiiiL 14hi¢h ¥nLourag¢s impaii¢d pla>L'Th li) MLL'I up li)r 51)m¥
¢NLrLi.%L' Jnd a Lhdi. II'L launLhL.d ()ur fir%1 hub in Nc)rth l..n8land iiiih (urthLr ()nes plann¢d in 21125126. '1-IIL%L drL' all
primaril> aimLd ai hilping ix.pla)'cr% JiagnL)%¢J iiiih srA)rL%-ril#¢Lxl Ik.miniia. L-l-l.. or (IihLr
nLur()dLgLn¢raiii'
¥(Trndili()n¥ %uLh IL% I)urkin%in8 dnd MNI). li is alsi) Ihcrc to h¢lp LA￿la)lr% who arc simpl). stru￿lIn￿ ￿1th thLir mLnwl
h¥ulih.
.1 i) ()ur pJrlnir%hip %%iih IhL 'I'hT¢I'L mLnial licl1￿'1nY app L4)n[inuL￿ iiiih si8nifiLani p()%iiii'L impaLI ihi% NLar. flir
'X&irnpIL". 21 pldJL'r% %i¥nLxi lip. 5.1 C'll-l. %L%si()ns LI)mpIL￿LTd. 214 JnNiL•I! &. dL'pfL'S%I()n 8LfLLnin¥%. and LruLiall!'
'in-app" r¢i()I'¢ri¢% r¥¢(Irdibd Jnd 8 m(Ir¥ pldy¢YS ()n lh¢ r(Md r¢Yoi'¢ry".
Re5earth.. A kcy part of thc Mtb51tc r¢dciclopmcni M"a5 lo proi.idc pcoplc ii.ith accc5s ￿ ihL lalLsI rL%arch
rLgJrding %ports•rclalcd brnin injur) rcscurch from th¢ iiDrld's prccminent sricnli5ts and rnedic5 c.g. Profcssor l)uinian
14dilL). In dditii?n t() this. %lL &ifL dlli8hiL￿ to suptM)fl and partnLY %%iih l)roIck￿)r Il'illiL SILiiart i)I' IhL i Inii'Lr%ili. ol.
Cil&i%yii%V and thL CJlas8iiw% "fraurnalic Brain Injur% Archii'e.
Futhdlng: .1 () furtd all our i¥vrk Ihis %'¢ar hav¢ had pmay.ing supw)rt Cn)m num¢tDU5 fundr4Li5¢rs. plu5 hair run 4
maji)r lundrai%ing Ll'¢nt%." 3 hike IC.'arJiff io Tiii¢k¢nham. CiliTru¢&sier LO Cardiff and Wdrn¥i¢K io wan1￿￿K") (1% i¥¥ll
a5 our anniial Big Rugb) which thi5 5.car altraclcd 50 5IIirnmcr5. Wc iiould like lo thank ci'LTronc who ha5
rai5¢d money for Head for Change and conlinu¢ to be"Part of the Solulion..
FINAP*CIAL REN'IEW.
Financial posltio
"I"hc churil)" rnudc a deficit of £391.970 12V24
funds.
surplus £28.(K)91 Iluring the trriod and all of thi5 r¢late5 unrestricted
The revamp ot-the Mebsi(e to improie publie engagemeni and donaLions M?s a si8nificant fac(or to the dcficjt.

HEAD FORCHANGE
REPORTOF THE TRITSTEES
FOR THE I'EAR ENDED31 ￿lARCH 2025
FINAliC.IAL REVIEII,
Reserves policy
ThL Lhariiy maintains IrL* resers'es to-.
- Proi'ide a le￿e1 of working Lapital thai prO￿tts the c4)niinuiL!' ofits core ￿￿rk
PT()i'ide a level tsf lunding l()r unexpecied ()Nx)rtunilie%
PTOI'ide coN'er for risks Such as unforesttn expendiiure or unanlicipated loss of income
The free resen'e5 of the charit) (unrestricted funds) ai the period end iirre £70.794 12024 - £110.7641.'l-he charity had
no IIxLd aSsL￿15 and the trustLL￿ are happ) wlih the ￿51110￿ ai the end ol'the peri¢￿.
Coing con¢ern
1'hL tru.%lLL'% urL n()t awurL (If ani, iksuL's utKiui the immL'diaw' (Ing()ing finuThLial i'iabiliij i)f ihL Lhuril%'. hui thc Lhurilv
laLe% the sutne inh¢rcnt ri%k4 an) oiher LhaTili' iithiLh 14 dependent urrt)n fuThJing Ir()m exiemal %(iurLe%.
ulnerablL io rnarkLiI lorces. includin8 thMmiurn5 in the econom)" iithich could aileci lundraisin8 OPFM)rtunitie5.

HEAD FORCHANGE
REPORTOF THE TRITSTEES
FOR THE I'EAR ENDED31 ￿lARCH 2025
FUTURE PLANS
Th¢re are 5¢veral JLliN'itie5 planned for the coming i'rar. inclu(JiThg.'
Care and Support:
o Player Support Programrne.. We are launching a programtne that SUp￿rts ex-plaNers and their familie5 that are
impaLied b) brain-relaied injuries, thai LomplLmLnts our e.KiSiin8 sern iLes. Ke! aspeLts arL' likeli io inLlude.' a budd)
5ysieni H"here people are assigned ￿ I lead lor Change"buddies" ii'ho hai'e releNani lii'ed-expKrience, M'ho they can tslk
li),. a shi)rt as%e4%tnenU%el (Il-FAQ% tha¢ ii.ill LX)tnplde iyith ihem. thai help% ¥uid¢ further L()ni'eT%aliiin% i¥ith ih¢ir CIP
or other supwrt prolessional¥iools; a signtM)siing scr%'iee ihai inir(xluces them 10 appropriate sm'iees. tools {ineluding
the ThriNe appl and suP￿rt PTofe55iona15.' funding of l or 2 s￿lfIC 5en"iLes e.g. coun5elling.
o Advisor) Board.. .4long51de the Pla)'er %upwbrt l)rogrdmmc IP%PI 14'e ii'ill foThalise our Care and Suprort AdN'i50ry
14iiarJ ii) i)v¢r.%iL thl PSP and. in lime. (>ur ()iher c￿(. and SuptX)Ti *'r¥i¢¢s.
Com¥ Rid¢Malk with M¢.. CiinlirtuLd l￿p￿5]L)rt i)i-IhL*L s¢r%'iLi4 i%iih addi¢itsnal hubs an)und th¢ lJK.
Thrlvt.. WL arl Lc)tnmilt¢d ic) raising lunds ¢0 ¢￿iend our li¢¢nse iiith Thriie for a further i¢aT Si) Ihat ￿¢ Lan coniinue
t() pri)*idL the'l'hri￿e app free ol-char8e io ihose ii'iih mental healih challenges resulting from a career in fooiball or
rugjh) IhLir Larers.
Educ4tipn
() Brain4afe.' l.()11()winB IhL 5ULLL'SSful pilol in 2024125. Il'e ii'ill r()11 this frLx L￿UL￿[l[ln progTarnlnL oul ULf<)%5 5Lh(x)15
ond Llubs in ihL UK and w)ILniiall) o¢hir iwuniri¢s. WL aim Ic) hai¢ had ¢?.O(MI PJfll¢lpan￿ u)mpl¢lL ihL ¥i)ursL by lh¢
nd lif i)ur nL.xi linanLial l'ear. In addiijcln. arL 8(iin8 11) cn8J8L Ii'iih goi'emmLnt Jnd S￿riS. hL)diL% li) gLI thLir %upport
li)r lurihLr L¥pthnsiiin with IhL uim vfs,(KK>+ PartiiipanL% TKr ictsr ihcrLaflLr. WL i%ill al¥) u)niinuL t() Li'i)li.L ihl LÉ)ursL
li) inLfLJIL 115 app¢al ¢0 ¢hildrLn. Ih¢ir ￿rent￿¢4r¢r5. ¢0g¢hts and Lth'h¢r& in¢luding W￿nI1￿11V a l'id¥￿ i'irsii)n ol'Lhe
Research..
() In 21175:'26 ive will make IL 51epchun8e in our appnTrach research b> activel). cornmissionin8 reseuTCh.
() In latL 21125 IVL launLhLd u iruLiuI PILLL ()I'rL%LarLh iiith l)n)ILSS4)r l)amiJn IlailL!' and hi% rL%LJfLh ILJM Ji IlnivLr4iiy
()I' %i?uih Wal¥%."I'his 1% li)LussLxi ()n assLry%ing ¢hL impilL( ul'rugbi vn thL bTJinS i)I'malL wi¢J limull LN-plaNLrs
hLiLWL*'n .111 dnd SY. I'his will rLrxirt in mid-21126.
() In L'arli 21}?6 W'L i%'ill lJunLh a.%L'CC)nd rL'%trdrch pieL*' ii.iih ihL' Ilnivcrsii%' of%i)uih W91¢s t¢am. with a fi)cus i)n lh¢
impail ()l-hLaJ Imp￿14 lrnainl) hLadLr%l in %i()mcn'.% t￿)(ball.
Fundin% Promotion:
() Ili)undiahlL.' ()ur lir.st LNLni i.s c(mlimiLd fi)r Januar% 2026 and ii'ill brin8 108LihLr ex￿TL8 and thii8L 14'iih lii'L
cxpLriLn¥Ls in rugh} lil dI￿u55 brain hlalih in srrt)rt and lh¢ dang¢rs (?f r(?ncus%1()n. %iinilar thcn¢s liTr¢us￿lng i)n l(Troihall
dnd ru8h% li) pri)%'idL mi)re i)rp)rtuniiiL'S for inf()miLd and u'idenLx￿￿￿Sed Can￿e￿LI1)n5 ￿￿)ut hrJin %afLLy in %rAin ￿111
bL' r(IllLd uul.
o Fundins.. In 2025126 ivill continuc our lundrdising through MOTC C)'cling. sii"imming and oil)cr lundraisins cNcnt5,
dnd fjiim ts) raisi signiltiJnt fund.% throvgh grants ¢orwJrai¢ 5rrt)nsorship 10 ¢nabl¢ u5 ￿ ¢xpand our b¢rvi¢¥b Hnd
Pt)%iIIiLlk impaLI morL and morL PLM)pIc.

HEAD FORCHANGE
REPORTOF THE TRITSTEES
FOR THE I'EAR ENDED31 ￿lARCH 2025
STRUCTLIRE. GON'ERNANCE AND MANAGEMENT
Governing document
HLad lor ChangL %fvas rL'8isicrcd on IS DcLLM￿.r 2020 as a Charitsblc IncorpTrrated Organization ICIOI and
consiiiulcd on a toundation modcl. ithose onli i'oiin8 membcrs arc its fftjsiecs. Thc Charitics Aci 2011 crcaics ihc basjc
ILgal trJmLi%ork lor the CIO. This Irdmei4ork' is complLhlLd b% regulations namel> the Charithble Incorw)raied
Organizations ICILmernll RLglllaiions 2012 and the CharitsblL It￿r[m)n(clI Organi2ations Ilnsoli enL> and DissA)lutionl
R¢gulaii()n% 2012.
'I'he charitj has a goN'¢rning Iru5t re5pKbn5ible for controlling swuciure. goi'emance and managemeni of the charit). in
order to benelit its beneficiarie
Recruitment gppointment of llew Irustees
Apilrt th¥ lir%t ihiirit) iru4tLLs. t￿¢r) uu%¢¢¢ wll be apw)ir)*d a iemi ofthree )ear4 by a resolulion p&*8eL1 ai u
pn)pLrl> Liindu¥tt'd mix¢iD¥ i)rtht' Lhini} tTu4&'es.
Tru%l¢e5 aTe %eleLl¢d based un their exrKrienLf and exrKrtise. li is considered LruLial thai ihe}' ha￿¢ both the per41)nal
intLrL%I and thL prolLs%ii)nal skills io lead. adi ise and Loniribuie ￿ the chariii s OPLraiions. 'l-hcN arL also rLSPL)n%ible
li)r LSi&ibli5hing reli& tiiinships among other siakeknlder groups. Creaiing i)peraiing partnerships i4.here advankn8LXIUS.
¢n%uring appri)priJi¢ lundraising and id¢niit%"ing r¢.1¢￿an1 wisi ih¢ (ts% to running 4)I'ih¢ ¢harii>'.
TruqiLc% are alqo in￿011,¢d in the produciion and approval of r¢lcNani policies. including salcguarding vulnLrable
'nLliLithriLs, privaL). conlliLt ()[' inieresis arml i()luntLxY M￿agement.
Lhan
in'l rusi
urin
KL'lth IILLLh was appoiniL.d a 'l'rustLe OTh IILh Au8USt 2025. joinin8 ihL Ik)ard and th¢ Mano8LYnLnL .1 iam. KLlth is
ljirm¢r 1111('.ji)IirnJli%t Jnd nc>%i d ( ()mmuniiJii(Ins L'i)n%uliJni. K¢i¢h 1% J f4)miir I￿)rU5 r¢TATrrt¢r Jnd Jn ¢x-plJ}'¥r und
i()J¥h Ji hi4 I(￿￿1 rughN iluh. I lai in8 11?J¢hixl Jnd bllPIK)rn¢d hundrLil¥ uf )"oung¥iiri in14) Ix)mmuiiit% rU￿b>. h¥'s a hu¥¥
.IiLvLr in thL bLnLIi1s (?I'pla%'in¥ Iram srK?ris.
As u"I'ru%tLL. KLL(h aim5 to LnLx>ura8L Ll'idLnc￿basL￿ coni'er5alion5 ihc salcl) 01. s￿rt. PTvrnolin8 a pluJL ￿lIr%(
appri)aLh i(1 ihc g(imc5 that Ivc I0￿C lo pla) and hclpin8 Ilcad for Chan8c lo bc part ofthc ￿lUtI()n.
Other personnel Involved wlth the eh*rlty
Thc Charit￿ uses ￿>th ron¢rathors and volunt¢¢rs ￿ assist it lo athiev¢ its aims. The tssks of th05c cngagcd includ
eduLulii)n. supporL financial. admini51rn1ii¢ and mana8¢m¢ni adi"ire. Contrarknf5 and wolunicer5 are i'¢itrd Prior
cL)ntributing.
Appmved b>, order ol'ihe IK)ard ol'trudees on 19 Januar>. 2026 and si8ned on its ￿ha]1'￿}.:
Mr W Cleiis- Trustee

INDEPENDEliT EXAMINER'S REPORTTOTHE TRLISTEES OF
HEAD FOR CHANGE
Independent exxminer's report to the trustees of He&d for Cbange
l rttx)rt tth the Lhariii. on mv e_wnintstion of the a¢¢4)uthts i)r H¢ad f()r Change (the TnJ811 for the >¢ar ended
31 MaiLh 2025.
Responsibilities and basi5 of report
As the LhariiN Irustees ol- Ihe "I"rust iou are reswnsible for the preparation of the accounts in acwrdance with the
requirements of (he Charities 2011 Ilhe Acfl.
I rLport in respeLt ol-my examination ol-IhL Trusi's aLLounis carried oui under Seetion 145 0l.thc Aci and in carry'ing OUI
m> exJminaiiL)rt I haye I()Ila￿tIl all applicable Direaioths giieth b% th¢ Ch￿iL> Ctsmmission under Sectian 1451511bl ol.
th¢ ALt.
Independent examiner's stxtemtnl
I ha%'L LomplLtLLI m) LKaminaiii)n. l ￿￿￿tirM thai no maiLYial matters hai'e come ￿ m}. aiteniion in connection with (he
¢xaminJiion gi￿lA8 mi ¢aus¥ ts> thJt it) an) ma￿rial r￿￿￿1..
&Lc()unling rL¥i)TLI% MLTL ni)I kLTi in rL*pLYi of the Trust as requircd b). S. L¢lion 130 of ihL ALI: (Ir
thL aLLc>unLs di) noi a¥¢i)rd iiith thost. riLoTiJ%', or
IhL aLL()unls d(1 not u)mpl) ii'ith thL appliiablL fLNuifLmLnis conLLrninu thL r(Imi und LontL'nl ()I'aLL(iuni% 5L't out
in thL C'haritie5 IALLiiunls 4Lnd Rer*)rtsl RLgulaii()rb5 2008 ()Iher ihan anj re4uirernent ihthi Ihe ac￿)Unis. 8iie 4L
truL and lair whiLh is noi a matier considcrLTrd as part ofan indyndcni cxaminaiion.
I have no ¢on¢LYns and ho1.¢ come across Th) oih¢r mJii¢rs in ¢onn¢ciion i%iih th¢ examinaiion w) ￿h1¢h aii¢nlion should
. draivn in this r¢wrt in or(k.r its ¢nablL a pr()p¢r undir¢Jnding ofthi awjunts io ￿ wach¢d.
-I'his rLPlIrt 1% madL %)ILIv ¢() Ihc charilv's as ts ix)dv. in aLLordan¢c Mith s¢Llion 145 (If thL C'haritlL8 ALt 2011.
M> iv()rk hu% IK'Ln undLrtakLn Ihal I mighi.4ialc to Ihc Lhuriti'% InL4ILY% thii%L' maiiLr4 l arn rcquiTLd li) 4lJlL li) IhLni iii
Ihi% rLrM)rt and l(Ir nil i)thLr pur[K?￿. I'll thL lullLs1 L¥ILni JLrmiiiLxl b!. luii. I dii n(Il ULLLPI ()r a%%umL rL%rrt)n%ihilii)' t()
nbi)nL' l)thL'r thun IhL' Lharil). and ihL' chari1} s irusi¢L% ILS a h)d)". fi)r MN iii)Tk. fi)r this rL.￿)rt. ()r liir thL' ()piniiins I huiL
li)rmL'd
Alis1?n SJndirbt?n F'CA
l.11c￿ Morris Limited
80 Coombc Road
NL w Malden
Surrc>
K'f3 4Q8
19 Januth 2026

HEAD FORCHANGE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE I'EAR ENDED31 ￿lARCH 2025
2025
Total
funds
2024
Unrestrictrd
fund
Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FRO￿1
Donations and legacies
50,476
50.476
103.241
Other trading acti￿l(l¢S
134
Total
50.476
50,476
103.375
EXPENDITIIRE ON
Ruising lund5
14,013
14.Ill3
33.390
ChJ)rltAble Attlvltles
67521
67.521
31.227
Y.414
.335
Cill%'LmanLL
'unding io inllii'iduals
l)thLr
229
229
TotAI
90.446
75.366
NET IP4c0￿1F.IIF.xPF.P4DlTl￿R£l
139,9701
139.970
211.(X19
RF.C'ONI'II.IA TION OF FIIYDS
1111.7fy1
110.764
82.755
TO'I'AI. b'llNDS C.'ARRlb'D b'ORWARD
70.794
70,794
"rhe note5 foTrn part of these financial slatements

HEAD FORCHANGE
BALANCE SHEET
31 M.4RCH 202)
2025
2024
N(MCS
FIXED ASSETS
IntangiblL asSL￿tS
2,061
C'IIRRfr:NT ASSTr.TS
l)Lhiors
Cash ai bank
.232
71,560
48)
113.389
72,79Z
I li.874
CREDITORS
Ami)unlS lalling due wiihirt one year
4,11591
NET CURRENT ASSETS
68.733
I IU.764
TOTAL ASSETS LESS CURRENT
LI.IBI LITIE4
70.794
110.764
NET ASSETS
70,794
FIINDS
IlnrL%iriLtLd lund%
70.794
TOTAL FLINDS
70.794
'I'hL' IindnLldl sldlL'mLnLs w¥rn' appr&)￿.￿d b)" th¥. 11()orJ or.rm￿lX* an41 auth(wisL.d lor issu¢. on 19 Januury 21121? und ￿¥r¢
signid i)n its b¢hdll-by'.
Mr% M ElramwLII-Pi)pham- Trusiee
"rhe note5 foTrn part of these financial slatements

HEAD FORCHANGE
P40TESTO THE Fif4ANCIAL STATEhlENTS
FOR THE I'EAR ENDED31 ￿lARCH 2025
ACC.OIINTINC POLICIES
Bgsis ofpreparing the fiDan¢iAI stgtemeDts
Thc tinanLial btaiLmLnts ol- IhL Lharill. %%hich is a public ￿ncti1 entiTh' undcr FRS 102. hal'e bcen prepared in
aLcordanLe i¥ith the Chariiies SORP IFRS 102) 'ALcounting and ReFX)rting b¥ Charities.. StatemLni ot.
ReLommLmded PraLiice appliLablL 10 Lhariiies prLwaring their accounts in acLordance ￿1th ihL Financial
Repi)Tling %iJndJrd appli¢#hle in Ihe Ilk JnLI Ri'puhliL i)I' Ireland IFRS In?) l¢ffeLli%e l January 2a191'.
Fin￿1￿lI<11 R¢p()rting Stand<ird 102 'The FinanLiul R¢￿)rtIng Stsn(lurd <ippIiL<ibl¢ in the UK und RepubliL (If
Ireluncl, and the Charities Aei 2011. "I"he financial sh41ernents hai'e been prepared uiider the hi51oriLal cost
convention.
ThL linanLial siatemLnis haiL PrLyarL￿d 10 8ii'c a 'uue aThl lairf vicw and hai'e depaned Irom ihc CharitlCS
IALLounis and Riw)rtsl Riglllaiions ?￿8 1)nl) to ih¢ i.xi¢ni requir¢4J 10 proi id¢ a 'trui and lair I'lL￿,. This
d¢p8rtur¢' has inioli¥d lolloHing the A¢L4)uniing and R¢wrting bi. Chariii¢s". Sthi¢m¢ni ol. Ri¥omm¢ndid
Pra¥tiLL appli¥ablL t(1 Lharilit'% preparing ihcir JiLx>unts in acLM)rdtsncc 14'i¢h the FiThancial RL5X)rting siandard
appli¢ablL in thL IIK and RLpubliL of Ircland Il.-R8 102 publi4heJ in {k.￿blr 2019 raihLY ihan ihc aLL()unling
und RLryirtin8 h¥ C'haritie5.' ￿￿terr￿n1 of RLxornmende411)racticc etyectii'e from l April 2(H)5 %￿hIch has sinLL
beLn wiihdrawTr.
Th¢ Iinaniial siai¢m¢nis ar¢ prepared on a goin8 ¢on¢¢m basis under the hiswri¢al ¢osi ¢oni'¢nlion.
Th¢
¥hiirii> Lurrlnil! sulli¢i¢ni ris¢'Th¢s ts) ¢c)niinuL in i)p¢rJiicTrn. I'hi '1'rUs￿L5 th¢rL.fow bLlicvL Ihai li is
uppriipriuiL Iii prLpurL thL tinanL1￿1 staiLmL'lllS a ￿)Ing wnLirn ba4is.
I ILud li)r C'han8e mcct5' thc dcfinilion ora public ￿ner11 cnliij undLr l.'R% 102.
I'hL' linJnLial %l&ltLmL'nis h&lNL, prL'parLd in SiLYlin8. iihiLh is thL' lun¢ti4)nal ¢urrL'n¢>' i)l-thL L'nlil).. Mi)nL'iur%
amc)uni% in thLSL' lindnLiJI siaiL'mL'nLs dfL ft)unded LO thL' pound.
'I'hi signiliiJn¢ aiii)uniing p)liii¢s appli¢d in lh¢ pr¢JMraiii)n tsf th¢* fLnan¢ial SWiim¢nLS )r¢ s¢1 oui b¢low.
'I'hLk piiliLiLs hail tK'in LM)n515¢Lnil! appliLYJ kn all !¢ar5 Prn5cniLd unlL55 oihLNi5L slulLd.
Income
IILrn.% i)I' inLome are reLQ8nised and included in the accounLs iithen all the followin8 criteria are met'.-
-rh¢ ¢harit>' h&$ cniiil¢men¢ ih¢ funds:
- Anl. p¢rl(Imianr¢ condition5 at1&ch￿ lo the i*m5 ofincomc haN¢ been md or ar¢ full> i¥ithin the c()ntrol
(Ifth¢ Lharit￿.
-fhLre is 5ullicicnt ccrtainlj thal rcceipt of ihe income is considered wobable: and
- The amount can bc rnca5urcd rcliabl)..
Donations are crediied to income &$ thev are reeeii'ed.
Expenditure
All ¢Np¢nditure 15 arrounted for on an acrrua15 ba515 and 15 r￿QgniSed th¢Te 15 a legal or con5tructiNe
obligation to make a pai ment lo a third parN". il is probable ihal 5Ctilerncnl ivill be required and the amount can
be measured reliabli.. V AT 15 included in ¢¥￿nditure again51 the relo'anl CO￿ for iithich the expenditure wa5
incurred a5 thL charity. is not VAT rcgistcrcd. ENpcndiiurc is elassitied under ihe folloiiing headings:_
Chariiable eKpenditiire LX)mprise8 th1)%e L(Isi8 incurre41 bi" Ihe chari1} irt the delii'er> i)f lis aeliiitie%. 11
inilud¢s Ix)th rvsts iYhiLh ian dirtsili" iilloL%l￿d iiclii Ities 4t￿ those riists (Trf an indir¢¢t natur¢.
Suppurt Ll)sts dr< thi)s¢ funrti(Ill5 thdl &55iSt Ihe iiork of the Lh3riti" bul di? not dire¢LIN undertak¢
harilable actii'ities. Support Costs include back￿￿1¢¢ c0515. tinance. FfT50nnel. pas.roll and goi'ernance
Costs.
- Govemance costs are those incurred in conncaion M'ith compliance iiith conslilutional and statutory
rcquirements.
10
continued...

HEAD FORCHANGE
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE I'EAR ENDED31 ￿lARCH 2025
ACC.OIINTINC POLICIES- continued
Expenditure
GrLints otlLfid subjcd to cotldiiions which hai'e noi bcen ai the s'edr end date are noted as a eommiiment bui
not aLcrued as expendiiiire.
Allocation and apportionrntnt of costs
uppurt cost5 lire th05¢ lunciiLin5 Ihat ass15t the i%Drk of the chariTh. but do not diTectlN undertake churitable
activities. %upkx)n costs include back ollice eosis. fjnance. personnel.pa!'roll and 80I'ernance costs ￿h￿ch sUPWIrt
the Trusts artjslie pro8fdmmes and aciii'iiies.
ThesL' LOSIS hai'L ￿Ln all(￿ated cosi ofraising fund. exwdiiure on ¢haritabl¢
aciii'iiies and 801'emance.
TY4xation
Th¢ Lhuritv is exernpi friim t&¥ un its Lharitable aLlii'ities.
Fund A¢COUllting
lJnrL¥iriLILd lunds iur) bc uscd in accordancc with th¢ charithbl¢ objcctiies ai ihc discr￿j￿rt of ihc irusiLYs.
RL%triLtL'LI I'un(l% Lun I)n1￿ bl LL4Ld r(IT partiLuliir rL.¥tyiLILYJ PUryM)%¥ i¥ithin thL ()bjL'LL4 1II'thL Lhurily. RL4iriLtii)n.%
ari%L ivhLn.%pLLiliLd bj Ihc th)n(IT or iihen lunds art rni%LYl l()r purllLul￿ rL4triLlcd purpi)%L4.
FurthLf Lxplunaii()n i)rthe nature and purtx>se of euch fund is IncludL￿ ITh the rM>Les u) thL finunci81 S￿￿mLn(S.
D¢bior$
l)Ihiiirs wilh no statcd inicreM raie and rtccii'able iiiihin one )'w are recogni$￿ ai the irnnsaLtion priLL.
Creditors
('rL'diti>Pi dnd pr{}￿1s11)nS are reLCTr8n15L￿ i%hLYL. the Lharii)" has a prL'sL'ni obli8Jll()n TLsuILin8 Ir()m J pasl Li'Lnt
Ihai ivill pri)hdbl)' rL*ult in IhL' IrJn%(Lr c)f fund% i(Tr a third part!. and thL am(iuni duL t() %ciilL IhL' l)hligali()n Lan
m¢J%urid ()r 1siima¢¥d rlliahli". ('r¢diior% anJ prm"isions art. t)orniall)' Tl¢l)gni%d ai thkir %dLl¢mknt ain()unl.
Flnanclal in5trumtntS
I'hL Eharit￿ iinli hab linanLial &85cts and financial liabililic5 of a kind thai qualif* a5 basic financial instrumLnt5.
Fla%iL IindnLial in.strumenis are inii1all￿. reco8nised aL rransaciion i'alue and subsequenLl% measured al Lhcir
%LiIILmLni i'aluL.
Going conrern
ThL linanlial 5taicmcnts havc bccn prcparcd on a going conccm basis as thc trustces klici'c that no malcrial
unLLrtaintlC5 exist. The Tru5¢ccs ha￿.£ con5idcml ￿1¢ I￿"cl of fund5 hcld and thc elpcclcd Ici'el of incomL' and
cxpLnditurc lor 12 months trom auih0ri5in8 Ihc5c linanLial statcmcnts. Thc bud8eicd inLomc and cNpcndiiurc is
%ulliLient wilh ihe level ofreserves for ihe chariii ts) ￿ able io coniinue as a 8oin8 Lx>neern.
continued...

HEAD FORCHANGE
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE I'EAR ENDED31 ￿lARCH 2025
OTHER TRADING AC.TIVITIES
2025
2024
l.¢Ltur¢s
134
TRLTSTEES, REMLTTr4ERATION AND BENEFITS
There weTe rta trustees, remuneT*iort Or other bertefjts for the )eJr ended 31 March 2025 ntsT li)r the )ear ended
31 MtwLh 2024.
Tru5tees' expenses
There iyere no trusiees, expenses paid for th¢ %eJr ended 31 March 2025 nor for the year ended 31 March 2024.
Key M*n#gement Personnel •Dd Rtl•¢ed P•rtle5
I'hi5 Lomprise5 the LharlI￿,5 uu&iees. details ol'remuneralion and exFtnses are detailed aboi'e.
"I'he trustees are supported bi. fTeclance eonsulLgnts. Costs arc included in suppTrrt eosts.
Thcre iY¢r¢ no ¢ransa¢iions wilh r¢lo¢¢d partics thai r¢quir¢ dixlosiire.
COMPARATIVES FOR THE STATEMENT OF FINANC".IAL AC.TIVITIES
UnrL'%iriLILYi
lund
RL%LriLiL.d
lund
INCOME AND EPIDOIVMENTS FROfvI
103.241
103.241
(Iiher trading aL'll￿111cs
134
134
Total
103.375
103.375
EXPENDITURE ON
Raising lunds
33.3q)
33.390
C.'h¥rit#bl¢ #¢¢ivltl¢s
Cirn¢r411 ihdriubl¢ aitii ities
(JO￿.¢￿3nl¢
Funding lo indii'idua15
31.227
9.414
1.335
31.227
.414
-335
Oiher
Total
75.366
75.366
NET INCOME
28.tK19
28.009
RECONCILIATION OF FUNDS
lotal funds brought lor%&ard
82.755
82.755
12
continued...

HEAD FORCHANGE
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE I'EAR ENDED31 ￿lARCH 2025
Co￿1PARATIVEs FOR THE STATEMENTOF FINANCIAL ACTIVITIES- continued
Llnre%iriLled
fund
Re5lriC￿ll
rund
Total
funds
TOTAL FUNDS CARRIED FORIVARD
110.764
110,764
INTANGIBLE FINED ASSETS
Trademark
COST
Additi(In5
2.290
AMORTISATION
229
ET BOOIK V,ILIIE
Ai 31 MiifLh ?0?5
2,061
Ai 31 Marlh 2024
DEBI'ORS: AMOIIP*TS FALLINC DiIE WITHIN OP4E )'EAR
2025
2024
PrLpai'mLnls and accrucd inLomc
1,232
4115
CREDITORS: A￿lO(lNTs FALLIYG DiIE WITIIIN ONE YEAR
2025
2024
Tradc ¢r¢di¢ors
2,997
1.062
2.15Q
()011
3.110
ANALYSIS OF NET ASSETS BETII'EEN Fuf4DS
Unr¢5tricied
rund
Res￿1￿
rund
lunds
Fixed as3eLS
Current a55ets
CurrenL liabilities
2,061
72.792
14.11591
2.061
72.792
14,0591
113.¥74
70,794
70.794
In.764
continued...

HEAD FORCHANGE
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE I'EAR ENDED31 ￿lARCH 2025
movE￿IENT IN FUNDS
Net
moNement
in funds
At
31.3.25
Ai 1.4.24
Unrestrleted fu￿dS
General lund
110,764
139.9701
70.794
TOTAL FUNDS
110.764
39.97111
70,794
Net movement in fund& included in the akni'e are as follows=
Incoming
rcsour¢¢s
Resources
cxp¢nd¢d
Mi)I'emen(
in tunds
Ilnrestrleied funds
(JL'llLral lund
-91.476
190.4461
139,970
TOTAL FIJNDS
.q(1.476
190.4461
139.9701
Compar#ibve$ for movemen¢ In funds
Net
Al
31.3.24
Ai 1.4.23
in fund%
Ilnr¢5trl¢t¢d fvthd$
¥nLrul lund
82.755
28.009
10.764
TOTAL FUNDS
82.755
28,009
10.764
Comparative net moiem¢ni in fund& inrlud¢d in the ar¢ as folloitys..
Incoming
Rcsource5
expended
MoN"crncnt
in lund5
Unrtstrltted funds
Grrt¢ral furtd
103.375
175.3601
28.009
TOTAL FUNDS
103.375
75.3661
28.009
14
continued...

HEAD FORCHANGE
NOTES TO THE FINANCIAL STATEMENTS- tontinued
FOR THE I'EAR ENDED31 ￿lARCH 2025
io.
RELATED PARTI, DISCLOSIIRES
There iwere no related parti iransaciion5 lor Ihe S'ear ended 31 March 2025.

HEAD FORCHANGE
DETAILED STATEIIENT OF FINANCIAL Acfii'iTIES
FOR THE I'EAR ENDED31 ￿lARCH 2025
2025
2024
INCOME AND ENDOWMENTS
Doth*titsns legatlts
50.476
Ini,241
Other trading activities
134
Total incoming resource5
IOJ,375
EXPENDITURE
Ral$lng don#iion$ leg*¢lt$
IOJ.44
32.749
641
l.'undrai%in8 page le¢s
WLh_%it
1,998
14.013
33.390
ChArltAblt Aetlvltl
67.421
31.225
1.-135
C'arL'.4UPP(1rt 8rani%
67.421
32.560
Support ¢o$is
FlnAnte
Ilank. Iharg¢5
78
Ceneral support
lJii%td¥L' dnd %tJliiin¢ry'
C'iimput<r iipLnks
1.495
1.794
737
2f>.638
fy.32
1.522
341
1.214
244
134.6951
1,694
4.834
Ci)n%ultin8
In%uranLe
Adi"crtisin8. marketing and design ¢osis
%Lindr)
WL'hsitL L()%1
I'rJTril and bub5isienLr
Allolatcd lo aitii ilics
391
816
10.478
19,989
177342
1781
Covernanre and genernl
Patcnts and IicLnccs
229
Thi5 pag¢ ni)1 foTm partof th¢ slJtuioTh" finaTrciJl 3ialetn¢nts
16

HEAD FORCHANGE
DETAILED STATEIIENT OF FINANCIAL Acfii'iTIES
FOR THE I'EAR ENDED31 ￿lARCH 2025
2025
2024
Covernanct and ge￿¢Tal
GovernAllce costs
ALLiiunitinL> and lesal f¢¢s
CT¢neral adminisiraii()rt
960
7,723
5,946
3,470
9.416
T()ul res()urces eX￿ll￿ed
90.446
75.366
et lexpenditurellincomt
139.9701
28.U09
Thi5 pag¢ ni)1 foTm partof th¢ slJtuioTh" finaTrciJl 3ialetn¢nts
17