IM irwinmitchell ANNABELS FOUNDATION REGISTERED CHARITY NO. 1193422 FINANCIAL STATEMENTS For the Year 8nd8d 5 A rll 202S IRef: 05410168-21 ANNABELS FOUNDATION REGISTERED CHARITY NO.1193422 Contents to Flnancial Statements for the Year ended 5 A ril 2025 Annual Report of the Trustees Independent Examinerfs Report Balance Sheet Statement of Financial Activiti88 7-11 Notes to Financial Statements 12-16 Scheduk of Investments and Income ANNUAL REPORT OF THE TRUSTEES For the period ended 5 April 2025 Annabels Foundation Full name of Charity.. Nature of governlng document.. Original Conslilulion dated 4 February 2021 Reglstration Number- 1193422 Trustees: Peter John Kanabus Annabel Kanabus Adrian Kanabus Irwin Mitchell TNstees Limited Registered Address: 1 Queens Rise, Richmond, TW10 6HL Banker.. National Westminster Bank Plc. 47 Carfax, Horsham, Wesl Sussex, RH12 1FD Solicitors: Inmin Mitchell LLP, Thomas Eggar House, Friary Lane, Chichester, Wesl Sussex, P019 1UF Investment Managers: JM Finn & Co, 25 Coplhall Avenue, London. EC2R 7AH Independent Examiner Claire Norwood, Carpenter Box, 4 Dukes Court, 80gnor Road, Chichester, West Sussex. P019 8FX Operatlng Restrlctlons.. Charitable objects according to the Law of England Specific investment powers- Powers gwen lo the Trustees in accOrdar¥￿ with the Trustee Act 2000 as detsiled in the Conslilulion dated 4 February 2021 GA.. 5257352 1 Objects of the charity The Trustees shall hold the Capital and income of the Trust Fund upon trust lo apply the income and all or such part or parts of the capital al such lime or limes and in such manner lo or for the public benefit, the relief of sickness and the preservation of health by improving pain management through research into improved diagnosis and treatment by funding research carried out in Universities and hospital sellings and il is disseminated lo the publi¢, and by funding beller ways of informing patients about developments in infectious diseases. To provide grants and donations for such charilabfe purposes, for the public benefit, that are exclusively charitable according lo the laws of EngL4nd and Wales as the trustees may from time lo lime determine. The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Grant making policy The capital and income of the Trust is to provide only for the assistance or provision of funds as detailed in the Conslilulion dated 4 February 2021. The Iruslees have sel up a website lo provide guidan￿ lo potential grantees www.annabelsfoundalion.or Achievements and performance: During the accounting period the Iruslees made no grants12024'. 4 lolalling £72,760). Financial review and investment policy There are no reslriclions on the charity's power to invest. The investment strategy is sel by the trustees for period of five years and lakes account of demand for funds. The trustees consider the income requirements. the risk profile and the investment managerfs view of the markel prospects in the medium term. This strategy is sel within an overall policy which slates that the fund is to be invested in moderate risk investments with a view lo ensuring that capital appreciation ol the fund exceeds inflation over ea¢h five year period. The funds may be invested in any type of inveslmenl. Our strategy is reviewed with our inveslrnenl managers annually. During the year incoming resources tot8lled £13,443 12024.. £15,226) and resour￿ expended tolalled £13,33712024.' £86,088) and there were other recognised losses of £17,92212024.' gains of £23,458). As a result the fund balance Carried fotward al 5 April 2025 was £510,22412024". £528.0401 The Trustees confirm that they did not receive any remuneration during the year, nor were they reimbursed for any expenses. Reserves pollcy '. 11 is the policy of the charity to maintain unrestricted funds, which are the free reserves of the Charity, al a level which equates lo approximately six months expènditure. This provides sufficient funds lo cover management and administration and support costs and lo respond to emergency applications for grants which may arise. UnreslTiCted funds were maintained al this level throughout the year. Risk management: The trustees have examined the major slralegic, business and operational risks which the charily faces and confirm that systems have been established lo enable regular reports lo be produced so that the necessary steps Can be taken to lessen these risks. Personal Ilabllity of Trustees and Conflicts of Interest '. Trustees always consider mallers of conflict of inleiesl where relevant. In situations where any Iruslee may be in conflict, those Iruslees abstain from voting and discussion. This is particularly relevant where the trustees have personal connections with the beneficiaries of Ihe charity's funds such as Charity not for profil organisalions and individuals. The charity is an unincorporated trust and therefore personal liability of trustees is unlimited. However, the activities of the charity as SLJch are that there Is very lillle exposure lo liability for the Iruslees. The Iruslees GA.. 5257352 1 have a 8trKI grant making policy and donations are nKJnilored to ensure that donations are being used as Intended by the Trust. Trustees. responsibilities in relation to the financial statements Law applicable to charities in England and Wales requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the charity s financial activities during the year and of ils finan¢ial position al the end of the year. In preparing those financial slalements, the Iruslees are Tequired lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP.. make judgements and eslimales that are reasonable anrs prudent slate whether applic8ble accounting standards and slalemenls of recommended practice have been followed subject lo any departures disclosed and explained in the financial stslemenls., and prepare the financial slalemenls on the going concern b88is unless il is inappropriate lo presume that the charity will continue in business. The Iruslees are responsible for keeping sufficient accounting records which disclose with reasonable accuracy al any lime the financial position of the ¢h3rily and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011. They a￿ also responsible for safeguarding the assets of the charity and hence fr)r taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts comply with the goveming document. Al present there are fourTruslees, the minimum allowed in the Trust Deed, with an unlimited maximum. The first Trustees are enlilled lo hold office for lrfe. Approved by the Trustees and signed on their behalf I￿1n Mitchell Trustees Limited GA.. 5257352 1 ANNABELS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANNABELS FOUNDATION I report lo the Irusleès on my examination of the financial statements of Annabels Foundation (the '¢h8rily'l for the period ended 5 April 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the préparation of thè finaneial slatemenis in accordan th the requirements of the Charities Act 2011 (the 2011 Actl. I report in respect ol my examination of the charity's financial slalemen15 carried out under s¢¢llon 145 of Ihe 2011 Act. In carrying out my èxamination I have followed all the applicable Direction5 given by the Charity ComrnissKsn under section 14515llbl of the 2011 Act. Independent éxamlnerfs statement I have completed my examination. I confirm that no mallers have come lo my allenlbon In Connection with the examination giving me cause lo believe that In any material respecl.. ac¢ounling records were not kept in respect ol the charily as required by section 130 of the 2011 Act., or the financial slalemenls do not accord with those records., or the financial statements do not comply with the appli¢ablè requirements concerning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNe a true and fair view which is not a matter considered as part ol an independent examination. I have no concerns and have come across no other mallers in connection with the examination towhich attention should be diawn in this report in orderlo enable a proper understanding oflhe financial slalemenls lo be rea¢hed. Claire NO￿ood Bsc FCA ATII Carpenter Box Piper House 4 Dukes Court Bognor Road Chichester West Sussex P019 8FX Dated.. 1510112026 50731745.1 P4gp S NNABELS FOUNDATION RE(I5TEREDCH As at 6.4.2026 FSxedAyyets Inve5knenl¥ alvduB 49)Wg.09 553,040.92 UtrqntA$$￿6 25,832.54 5.117. Liatslii¢¥14llng 12months Crediiors N#tctsrtsnlasséts Net43?et¥ Ilibllll 4,911. 120.118.00) 19.71454 Sl0.223.63 125.W).e61 528.040.26 Fund Balanc•ag at6.4.2Q25 unr¢swiad 510.22&63 528.040. Th¢fN*ndal¥kg1omBniswue app￿￿ed bytsboatdoftrU8t￿0Tr............................. •Do51gned 1h￿rbehaWbY Tw& The nolpson PByes7-11 1(m P#rtofthèe¢ow)unt•. Pag¢ 6 EGI TERED CHARITY NO.1193422 Statomèntol Flnanclal Actlvltles forthe Year end￿ 5 A rll 2025 Year ended .4.202 Yea¥ended Note INCOME & EXPENDITURE Gross Investment Income Donabons and Legaues 13,203.31 240.QD 15.225.78 Total In¢omlng Rosour¢¢$ 13,443.31 15,225.78 Regources expended 8.524.80 80,948.39 Ralslng fund8'.. Investment managernent (x>sl5 10 4.812.65 5.139.18 Total Resources Expended 13,33745 86.087.55 othpr Recognlsed GalnsllLos5e51 Fl£alised {lossygains on sale of inv6Stmoni$ unreal￿ Ilo$$llgsin$on in¥s$im¢n N•t In¢om• forth• Y$arlN8t Movement In lunds 11,599.61 11,858.63 I47,403.￿) 122.433.60 I17.816.￿) Fund b81grte brought [￿Vard 52&040.26 575,443.79 Fund b*lan¢8 ¢arrlod fornard J.4.202$ 510.223.63 528,040.26 Noneof It* Charfll$ aciwht*$wera ac4ulred 0rdL￿n￿nued durtng Ihls fis(xlYe¥. The Chanly has no ￿09￿19ed g8inB or Ios8esothBr ihan Ihosedwall¥%iih ill Iha statsmenl ol Finanaal Acliwbe5. The noteson page5 7-11 part af ihe8e a(tsUn Page 7 ANNABELS FOUNDATION REGISTERED CHARITY NO. 1193422 Note$ to the Accounts for the eriod ended S A ril 2025 1 ACCOUNTING POLICIES Annabels Foundation is a ch8rf(ab1e incorporated charity, registered with the Charity Cc4nmission number 1193422. The registered address is 1 Queens Rise, Richmond, Surrey. TW10 6HL. 1.1 ACCOUNTING CONVENTION These accounts have been prepared in accordance with the charity's conslilulion, the Charities Act 2011 and A¢counling and Reporting by Charities" the Slalement of Recommended Pradi¢e for charities applying the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practi￿ as il applies from 1 January 2019. The charity is a Public Benefit Enlily as defined by FRS 102. The accounts have doparted from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practi￿ which is referred to in the Regulations bul whi¢h has since been withdrawn. The accounts are prepared in sterling, wh￿h the functional currency of the charity. The accounts have been prepared on the historical cost convention modified for the revaluation of investments. The principal accounting policies adopted are sel out below. 1.2 GOING CONCERN Al the time of approving the accounts. the trustees have reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparation of the accounts. 1.3 CHARITABLE FUNDS & FUND ACCOUNTING Unrestricted funds are available for use al the discretion of the Iruslees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 1.4 INCOMING RESOURCES Income is recognised when the charity is legal￿ entitled lo il after any perfomiance ctsndilions have been mel, the amounts can be measured reliably, and il is probable that income will be received. The gain or k)ss arising on the disposal of an asset is determined as the differen￿ between the sale proceeds and the carrying value of the asset, and is recognised in nel incomellexpenditure) for the year. Page 8 1.5 GRANTS PAYABLE Grants payable are debited lo expenditure wilhin the Slalemenl of Financial A¢livilies dijring the period in which the charty enters into a constructive obligation lo make such payments. Where a grant commitment is payable over a period of more than one year, a liability is recognised for the full amount of the conslruclive obligation unless conditions are allached to future payments such that the Iruslees effectively relain the discretion lo avoid making SLJch payments. 1.6 INVESTMENTS AND INVESTMENT INCOME All inve51menls ale staled al fair value and the movement shown comprises both realised and unrealised gains and losses. Realised gains or losses arising on the disposal of investments Ilogelher with provisions for diminution in value), are credited or debited lo the Statement of Financial Activities, and subsequently transferred to Unrestricted Funds. 1.7 CHARITABLE ACTIVITIES The cost of charitable activities consists of grants made. 1.8 COST OF GENEFiATING FUNDS The cost of generating funds consists of investment management fees. 1.9 GOVERNANCE COSTS Governance cost8 comprise all costs involving the public accountability of the charity and ils compliance with regulation and good practice. These costs include costs related lo stalulory independent examination and legal fees together with other overhead and support costs. 1.10 CASH AND CASH EQUIVALENTS Cash and cash equivalents include deposits held al ¢all with banks. 1.11 FINANCIAL INSTRUMENTS The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments" and section 12 Other Financial Instruments Issues" of FRS 102 to all of its financial inslrumenls. Financial assets and liabilities are offset, with the net amounts presented in the financial slalemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo sellle on a net basis or lo realise the asset and sellle the liability simultaneously. 8aslc flnanclal assets Basic financial assets, which incTudes debtors and cash and bank balances. are initially measured al Iransaclion price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured al the present value of the future re¢eipls discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Page 9 Impairment of flnanclal assets Financial assets. other than those held at fair value through income and expenditure, are assessed for indicators of impairment al each reporting dale. Financial assets are impaired where there is objective evidence that, as a result one or more events that occurred after the initial re¢ognilion of the financial asset, the estimated future cash 11(Iws have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted al the asset's oriqinal effective interest rate. The impairmgnl loss is recognised in nel incomellexpendilurel for the year. If there is a decrease in the impairment loss arising from an event o¢¢urring after the impaimenl was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment previously been recognised. The impairment reversal is re¢ognised in nel incomellexpenditurel for the year. Basic financial liabilities Basic financial liabilities. including trade and other payables, are initially recognised al transaction pri unless the arrangement constilules a financing Iransaclion, where the debt instrument is measured al the present value of the future receipts discounted al a matkel rale of interest. Debt instruments are subsequently carried al amortised cost, using the effective interest rale method. Trade payables are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Accounts payable are classed as current liabilities if payment is due within one year or less. If not, they are presented as non-¢urrenl liabilities. Trade payables are recognised initially al transa¢lion price and subsequently measured 81 amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 2. CRITICALACCOUNTING ESTIMATES AND JUDGEMENTS In the application of the charity's accounting policies, the Iruslees are required lo make judgements. eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions ale based on historical experience and other factors that are considered to be re￿Vant. Actual results may differ from these eslimales. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the ievi5ion affects both current and future periods. Not•stothiA¢¢0unt5fwt￿Y￿Ir1￿[r0d6 IH25 FIXEOASSEfY4vESTMENTS ISuth￿￿yol*￿È 12to 161 Yw¢nd¢d Y•*r•nd M4rkel¥BknB6&W P#rffOl￿￿￿h642￿2 80357 16,237 eoT,40S.78 4,B5D.30 Ad￿1 $2,31).37 I9,F￿85) P2.633B51 2.133.e ¢0.￿.$# IW12951 1142.573801 11.858. DiSFwJs Nolvnrthwdllowv4Yg QwWUKlnwF5¥nenL4 Q￿O￿N￿UKrnyllskn￿ 29S.783.71 32Z.183.79 ?14,etg.78 16,237. 4￿10 ,295.12 437￿).0) An•p4i*Fthid5LAVAm•dunlU8OknG È 24.561.42 GROSSIIVESnlENTINC(*IE Yt4rMthdS.4>J26 I1$￿ LlxwThiing y*#rl2024." ftyJ¢ 10. COSTOFGENERATING FUNDS Yvaronrfpd 5A.2024 9.4.2D25 Jkl Flnn &Co 4,É12.65 5.139.18 5,139.1 11. GOVERNAN¢E¢OSTS Yewonthd 5.4.2026 Y•areThl•d ￿￿2024 Irwln KIIith￿l LLP-LÈ9al&PiofÉ&onal f¢es Carptmér Box- Indep1nd￿l E￿MIn￿r41fee$ SiaUonery8n6Webslteco&ls 0,7(K).00 1,XLI.00 324.eo 8,524.80 5.Q50. 1.898.39 B.188.39 B8SlyrfAlo&knn".Al DllhegovwnEncgcu51SweE1o￿ totstharf￿bleadmty OTYI￿tM&￿lng, 10￿11￿￿£8,524.eo ￿2￿5￿2￿24. £8.18B.391 12. TRANSA¢TV)NS WIIHTRLL Tli¢r8wg19 Dopaym¢rts toTw6199¥lor thèwrendedsA￿ 2025 1J.EIAPLOYEES ThBTewerelloewIoyeesdu￿￿th6Ye￿r. 14. RELAIED PARTYIRANSACTIONS TI￿reW¢￿￿rèk?tel ￿yi￿oN>￿tIItinll kn th¢ Fet￿t05APffj 2Q25. u)0 00 *v* 2888 uoo 000 08g 00 oaoo 0000 I¥￿ 0000 iy r4 Cl 88 g8-'É S ¥ r C* o rt