2024-12-31-accounts

IsrERED COMPANY NLTrIBEIL. 134941M9 (EnglJ)d Wale8) REGESTERED CHARITY NUMBER: 1196347 THE GREENCiJFFE FOUNDATK)N LTD COIYSOLIDAT8D FINANCIAL sfATEMEM3 FOR THE YEAR ENDED 31 DECEMBER 2•24 and A￿1&￿5 Lygon House 50 Ro1 Brc¥biky K¢￿t BRI 3RA

THE GREENCLIFFE FOUliDATION LTD Co1￿￿S OFTHE COYSOLIDATED FINAYCIAL ￿ATEmENTS rorthtyejr ettded 31 Deeemi￿r 2024 I to 3 5 to 7 io 12 to 24

THE GREThCLIFFE FOUNDATION LYD REPORT OF IIIE TRUSTEKS r th¢ yur eDdEd 31 D¢£¢0￿2124 Th¢ trues who arn 81$0 direttors orth¢ the pwp)5a of theCry4tiits Act 3x6> rew with the wn501idated fmw¢id] ststem¢ats of th¢thaTity fortheyearewkd31 Dcrembtr2024. Tr¢ ￿st￿tt hav¢ Ihe provisions of AcowtrttO8 8ud ty ChritiC5: of ReWnU￿ Pral%1￿ 4yli¢8ble tr rknitie5 Jryariog their a¢o)UDts in artordanR with Ibe RqAxting slaty1￿ awlic•ble ID thr UK and Ryblic of I￿18￿d (FRS 1tr2) (¢ffcGtI￿ l 2019). STRATEGJC REPORT Obi#tiYts andAirns The Greenc]iffe FouJdath)n i$ a gt¥nt-makiDg with tho (A>iec(iveof pDwtiDg s￿h purp)ses as are exelusivety ch•itable in a¢￿dance with the laK of F4ld aLd Waks as thetru5 may frorn tintBto time ddermin& Th¢ PoundatioM'$ wimary is in Indm ortd i5SEK40f. M43Mal andphy5Kal disabititt¢s Hom¢lessD Akohol 8ftd drn8athJiction INGOS) rn orderto imwJvtth¢ liv# of aDdtsircOMm￿lÉ￿￿ Emure wtres have bern able to out tkn W￿rk ¢ff¢thvety lill¢ with what agr¢¢d b&w¢¢ them5elv¢s and us. fe¢dba¢k the bavCreC¢i￿ the pyle thry work a￿1 r¢w idw frx tkve]op refiDE th¢irwoi Re¢rive e0rtinu￿ dolm1￿15 aTh] iDc()m¢ in onlerto a&dtheibility kn wovide muhs.yetrgran Th¢ 5hort4¢m] aims of GF 8r¢tO d¢vdopiD8 a p[￿￿￿Or￿aN¢#Sthatwe wiu SUPFKVt hrthe r¢xtSeTal y¢ar& InthE Initi￿ Yea￿ OLY iDwmÈwilltx¢¢ed ow expenthtiw¢ so inthc5kn4¢nll will alxs n¢&1 to ithtify lixble. kjw.risk investments to 8enrn¢ inLY)m¢ c&h knldtw Ollr m¢diun-te4m airn is to #¢adity iDmse our wt ¢xpenditym th1 h•￿ 20.30 g[Iteesthat￿ will w with M￿h￿Year A long.term 15 to SI￿11ficantlY Incre￿oUr8D￿nal Iwd of fuThli￿l0C?pabk O￿1$all￿￿s0thatOW1llcOmeattd ￿ is lanced Our8rans.llMking wivitiesivill I￿ thee4mbilili￿ ri8btsX1q￿11ty ofltfe kn 9X￿￿ltIes1h8¢W¢ ¢k th h¢lp. A¢tivit In 2024. we exp3nd¢d thenllmber of• fEornhYo to seven significilyiiKFwng i)ur8rani exwdibjre. We PRctt¢tt foriD¢lusi0￿ basbceD rwiwj ts ￿e0fthE lj JDL impxtful and xalthle inTh)wati(w g]ob81ty ZD e]ucatiOTS by HuDdrED. We thnd in 9 diffrnts¢•t¢s across ltid1aa￿j e•ThaL￿ed 10 visits towte¢ Pth¢r5. R¥¢rves Polley The dwriw is at avuy etrty stsg¢ in its planvd pm1￿101￿ Th¢ dthwity I) t¢k to s￿￿ort lon8 t¢nn projects OTh￿lstentIY for￿ durztion of grlual of 5vu&JJTd over 304D yt&5. Thc dlarity &s )r haveany pub]i¢ fiEtMI.rai5illg 4¢tivili¢5 Ld is rtlialli OA a 5rAll nwllLwofNivatE dollots kn abKiity ￿ &oatr in

THE GREENCLIFFE FOU14DAIION LTIJ REPORT OF171E TRUMES rorthy¢r ¢D￿j 31 Dtt¢tt4bEr 2a24 D¢velopingand expauth¥ovrgr￿-￿I0k1ng Sy#¢rnswm be PfLKry in which Our￿l￿g relatiC￿1p5 lifetimt ofth¢ dmity. 0￿1￿¢0￿¢ Irvm thaations is likdy ty be higbu ill th¢ initialyears. Ther¢f(o it is ￿Nd¢￿t for the Charity ￿ l￿drer￿ in a vari¢ty of knbv.risk inv¢stments togencrate thtunineomr knth¢ th8rity. Thiswill ]lle￿t inD)me aJ¥l ext&iDJTe ￿11 ba]4tL¢e Overt￿ k)D84e4nJ fdther thc 5hort4en. It is inttttdd th•t in th¢ IMerst88es ofthe charity's itfeLytJ ¢XPQLdibJre tU be Ftitsrtlw th¢incom F￿￿]ff doJJatitins ￿e1Ve￿ will depe￿1 partly on thEbusittess pUfC8￿￿Cgof ts dwity's tyadll¥sub5idiwie5. Since busine￿ wformatt is likely to be quit¢vdriablE ts ctrty's treatsne￿ of its ￿be accomrned2 the variillty in th¢tw4iptof fitturE do￿• Tru&tee5' dirty to promote th¢iueees of thÈ Cl4•rity- 172 stst¥uent The ttu#e£s erp the dire¢kn of The GreetKltffeFC￿d￿i0ll attd hav¢ a duty topromote the Success ofthe Chwity an in thingso. TffjUiTe41 by Section 172(1) of CwiES AL21J)6 * Fv¢ regard w vari(XL8 iDC]udin& thetred iofosterthe Charity's rel&ionships withthiTdwty ￿ke1¥￿derS the ￿p&tof th¢ Charity's ¢]ptrations on the ¢omrntwity 8rO etLvironrll¢ The totsl reserves at thÈ batan¢¢ sh￿t dat wtte £31.435.0(￿ (2ff23: £20J49ffi74). Th¢lLqalgrnits duTiD81he yWWLY¢ £454378 (2023.. £28.494). The8rns have beffl drstrjlxtsd X¢LTd￿e witb ¢lwith obj￿1¥e$ &$ b￿0w. 20 - Dlsility & metll81 h¢altlt iights - Shelter& crisis support . Athl¢s¢¢nts&yLMMhdrvBlrgmort - EcoloKy .LI￿1bQOd5 494 4L4Td PulAlt benefrt and achi¢vBm¢nts of the dwity de5¢nW in it b) its dllty ￿ the c1￿miSSIon a% 4%tion 17 of the Chariti¢s A¢t2011, 4nd to th¢be[Kfit0fthepuE￿i¢. AllerreviEwing the paTent¢haritsble wdthe8tO￿'s f(rec•￿ aTrJ proj￿1￿ tt hav¢ a rea9)￿ble expectstion thatthe Broup h85 adeqth Te￿￿5 &) ¢ont[Tr￿ inoptrioid ex￿ forthe forts¢Bie future. Thep8rent¢haritabl¢ LYMnp8JJy tbeth cratinu￿ ty rt thE8crfDg 0￿Cern bis in prErArlltg its fin￿￿&1[ OurgMt.maknns ￿1￿]b¢S will iDcf¢4s¢ S￿￿1￿¢￿tty overth? n¢xtttofyus. In 21)25 we p]an to launc the 555 lnits1￿ pmvide5 5 lakhs(aMVOL £4.rKxi) to 5 fora 5 [x0j¢￿ W¢ will have 8n ext￿￿ jury fy> a55ess th¢pnys•L8tlwertteive and kn sdertth¢wrGessful EMftsJEt5. We will a]w puvide [b)n.f￿111 sup￿ttDthe Èrnp5trJ p￿i￿# We wll] I￿ 13-daymeetingiti 2025 in Jaipvrkn Ixing ourgrnnw¢pthus togth.

(Ccffjwhatt) D KPagaml (MthD8 M•w.R8i8rd29.125) 1196347 oloNAt¢vL¥sh& C SOLthRD¥I 3RA MIUN

STATEMENf OFTRUSIKEV RFSPONSIBJLITtES f•r 31 December 2124 The trll5￿ (who ar¢ also the ditttthrs of The Grwliffe FouDdi¢)iJ Lld for th¢ of o)mpgJry law) 8r¢ n￿TrIC for pYeparll￿ the REp(¥t of the trwes MI the auxydance with 8ppIiLl¢ and Yi•v of the ￿lte of affairs of the clwitsbk compry atyl of the inmmitya Te%)ll￿ and a￿1]¢￿10￿ of resource iKludiDg the iMLx)m¢ al￿ of the dmritknle wnp4ny for thAt PPiLxL lu prqJariD8 those finwKi . obsttve th¢ nthd5 alld pID￿lpleS ISL the Clwity SORP. . mak¢judgern¢nts •d estinates that are reayJnabl¢ ￿d the f￿a￿tIll wsition ofthE dwlltai rompRDy to enle ttt5UJE that the firtOttci￿ sw¢m¢nts •y with the Cornpa4i¢s Act 2006. Th¢y Ire also ra1x)T￿le for thguffdirs the as%ts ofthech￿I￿ ¢omF4ny 2nd for f•rasthethiskes awaR: . the tfttSte￿ have taken all s that they wght taken kn make tI￿ely¢S avdre of #tty relrt audk infonnawi ond to tt￿11$h that the alldttsrs &Teaw¢of tbat iirfrym*ic4k

REPOl￿OF THE INDIPEYDENT ALI)rroRS TO THE MEMBERS OF GREENCLIFPE FOL T4DATION LTD We have audlted th¢ wN501ided finzncial of The Gt¢wltff¢ F(MLTrdaion W (the chttriMbSe nwaDyJ and tts substdiaries (the 'Bro￿? for the ￿ ryHkd 31 D￿llber?)24 which comprise the Consolid4ted Jtatemertt of fin￿et￿l actsvitw the L>)nsolidatEd balanc¢ slw the ¢1 tb)w ststemmt 0))￿lIda1¢& xes to th¢ fiuanciaf statern￿ inclutht¥ a 91mm￿Y of sigtiific•n¢ p)licies. The fo8ncia] rq￿rtIllg frnew￿k that has E¢eo applied iu thew preprfft is ¥p]icthle kaw &d Uoit•J KillBdL￿ Aced itt the rEJeva SEcti￿s of this rtwt. Otherfnfonllaiion In conneatth with our aydirof the finallcial Lwre4wtsility isks th¢ oth•r infrxwatiott rf in doin8 obtained ill the audit or Oth¢r￿ ￿p￿aTr Ic be nmterinlly mi55rattd. If ME Id￿tify ￿(& Mwnsjw¢2es or fi￿Cial S￿￿ttents th¢￿s￿￿￿. tc bas¢d Ixt the we haye pufonn&i w¢ wn¢lude that th¢r¢ is a rnat¢rial InouropiDIo￿ Imsedon the wb2ertaken in th¢ ¢owseof tta . th¢ infornMoD givfD ia the Rwrt of the m¢¢5 hr th¢ year fry wtieh th¢ ￿￿1011￿6ted fA]Loial

REpoirr OFTHE LWDEPENDENT AUDITORSTO ThE MEMDERSOF T1￿ GREENCLIFFE FOUNDATIOli LIT) Its thp light o£th¢ kRowknlge and unduskndin8ofthe group its en￿1[￿ obthilled iti th¢ course of the athliL wt hv¢T)t Ide￿tLE￿j mawial mi55kmUJts in th¢R4x￿tOf the tDtstees. W¢ have oothin8 10 reN)rt in rw of the followlljg the Art XM)6 to re￿rt you 1£ in ouropinio braneksKrtvisit¢d by or RespottsibiAtiesof tro¥tets As ¢Ypiaioèl more fvlly in the &atrm¢nt of trnes' te5WJDsibiliti¢4 the tru5tea8 {who ate alKb the thectors of thc dwitsble cornpany forth¢ pwp)s¢s orLm￿Y law)8r¢ jzsponsibk forthE prtparatlL￿O£ the finaDdal Siatcrn￿lts for bctnBsalIs￿ thatthey gi¥t 8 tnk aDd fairvi¢w. intErJal as tl rruskes dEtemille is n¢cgss8ry ) ellabl@ thepreptirntiott of £0￿CIal StstEM￿ th#t arr fire from rntht1￿ ￿th￿dutt0 fraud orerror. )ntiTrue as a goirjg eLv¢￿ disdosin& as app]￿b￿ rjauus reltsi ) concott snd the c￿ce￿ Lo Kaiis1i¢ alternive 0￿r fortheaThKtof the fiua&l#teMellts objtttiis tre kn obtain reag)ntbts a5sur1￿ whtther the fittwial ststemertts as a whol¢ are frnm roatirial Mlsstaftjn￿ wbéthrr duE to frtyl or ¢tThr. and ts i55oe a ReprrtrfthenbJep¢thttt￿1knts thatincludes our opinwxl. R￿ab￿ assutznce ts a high leve] of8wna# but is ￿ta 8uar8nt¢e th4 an awlÈt conducted in ￿￿Ydanc with ISAS (UK) will always deteLt a nmtttial it extst& MisY3temoJts caD arke from fra￿1 or eJTor and ￿ wtisidcfed Materi￿ rf. indivi(bJally or in the 8EÈf¢M thcy o)ybJ yE￿￿&b]y be expe¢ttsJ ) inOu+2net the )ns¥l￿￿ tb¢ followins .results of our ¢wuiries to nwwntth￿theIr own ￿$S￿ent0t the risof fmd and enor. . the matrs dixmsscd amoD8 the akndit ¢ll8a￿le￿t team Tcg¥dtO8 hDW •d Trb¢T¢ tra￿1 may o￿vr in the fin￿¢181 (kr pr￿￿[￿e$l• io risk I￿lU￿thefoIk)wlDbr . mie4ving th¢ fJnaDciaE ststsrnMtdt5closu￿ and te#ing bs4ppLYtin8 •knrJRtitstion" i￿M￿ls. 8SSSirt8 wjth th¢ judg¢DJents mde in aL)))unung ¢sliD￿ att iod¥tiv¢ of a potArtial bi&%. A futtber delerits of resp￿￿1>11111¢s for th¢ I￿11t of fllbaKial is Ioc4knJ th the Financial ReportiN8 Council's websi www.fr¢O￿Uv￿X1lt￿￿¢￿￿l5Iilt1eS. Thisd¢sw fomjspthof (wR¢px)rt oftl [Th1ep¢nd￿t Auditors.

REPORT OFTHE IYDEPEIYDEKfAL.DITORS TO THE hlEMBKRSOF THE GREEliCLIFF£ FOUNDATIOli LTD U# of report This r¢port 15 made ￿lety to the ¢hritable as a kndy, in xcordaKe ￿ Cknafft 3 of Pan 16 of the Compallies Act 2006. 1)Jr audit work h&$ beett mlErtaktn ￿ that we migbE to thE charitsbk ci>JJpanys mcmbet5 those m2tttss Ive are r4tsirEd to st to them in an wdi&xs' rwrt ￿ for no To the ￿]1¢51 extent pet]LitttyJ by hw. w¢ do thwitable Y fiYowwJdit w(rfK for this ryo¢or S)rthe oJ>mtOn5 we kn forn1￿. Paul AIIEn &SctSc FCA (Senior Siatthy A￿lit￿) for alldon bEhalfofBe4ringu5 LLP and StatU¢ory Auditors LY£￿ 50 L4)DdL)n Roul Bromky KenÉ BRT 311A Dat¢..2A..L.qX2far

GREENCIJFFE FOUNDATI(hY LTD CONSOLIDATED sfATEMKNT OF FINANcIALA￿1VTn￿8 (INCORPORATING AN INCOME AND EXPEf4DrfuRE AcroiiNr) Year Y¢aTend¢d 31 UnrEstiKteJ fiTod Notes Jnations end kgac 7539J46 JrucR]tradiDg opuatK•D8 93J67J76 89M762 747 459 35Q620 101,754J81 Cwts tsf r*tsillg 8V67AIO SiOU051 4540 24494 89J68353 8&071 N¢t Ibs5¢5ygaiD$ on iuv¢5thr4Lts OJOO.7961 (W4.4X)) 11,085J32 (603971) Otbcrin¢omE 2rniDg on etsnsojxla¢￿ll 111185J32 (fAB.971) 31349.674 Th¢w]wlidwed of &knitf5 all and the prnd. Thenot£s to are sho￿￿ rn Pa￿ 12trJ 24.

1124 2•24 Tart8iThie 4¥8ets 10 9mJlO 1¥76JM 1537 5.75W 175IthJ) s750/JO• 5.75 1595U93 17A9VJ3 21J16m 21J2 Is 16 Cash at buk IWl.7•4 2J31521 37fjJS3 18&757 $9mJ51 41W99 14959034 4JJ8377 17 03W¥I) (12394ffj30 (47091) 46J4QThI 3137QJ&I IV12J43 19 M￿A8$FAs 3S 20J49SM 362J8a43 25A819 31h34•K 36AIIJ13 ￿￿$19 31A35W•6 XWffl4 21631819

THE GREFhCLIFFE FOIJNDATION LTD CONSOLIDATED CASH FLOw￿ATEME r•rthey¢tr ¢nded 31 Dffemb¢r21)24 Y¢Hrend¢d 31 l)KemEr21124 Cash geneTaied fromopcraMns ltttw¢st pa¥J U54J92 J67W2) OW13) Net cash (used )llY￿ed by opaaw acLiYtss 88&710 9314 Pu￿￿4e0ff1￿ll￿￿k )%Yd ass SalE 0ftaW￿l¢ fthTd ass¢ts PuK¢has¢of cuneni asser investrwts sa￿ ofcumi #sset ittvesttmts P￿￿]6) 343 (4S42 17.799 DiFxlmds re¢cived 177&JO S69049 21.796 N¢t ca5hused 14 VAV¢Stin8 14OOA73 {1￿85.￿4) (4J￿1￿￿O) (5144iID) 496JlO• New loans in the year {lJ35.f 1701.101 {4X118JOO) 1.16&10J ID cssh the Itt8 1730417) I￿?22 priod 2 J32J2A 1119.793 Cgsh andeash ¢￿ThI¢llts tthe emd<rflbe repY*iD% 1ffj01.704 io

NOTLS TO TH£ COliSOLIDATED FIDWSTATEMENT forthe ye•r edwJ 31 Dcf¢rniv2024 Yw eJth131 Y¢4ra￿ed 31 1024 tr￿1￿¢ priod(b w the Slkntmt•r IIDDetsl 4etiTrilies) IJAI8SJ3Z (603971) 587.177 IA33 I j￿.796 1967J82 77ffj10) (569049) (U5U99) U2J92270) 3.7114.7110 598J93 {4J76) 2ffj94090 U)76Jl3 (21.796) (528￿4) 895.131 (Prnfityloss on (trpos￿ of fgEd &ss¢ts IA)ssI(8arL) ox rrYabJatR)L of a5scts rrLance costs knIC￿St ￿Tled EiYxl¢nds Teceivcd Decreas￿(l￿rIE45r) in stods Decrea8el(In¢Trase) xy dcbtsj 805J93 2J54J92 3AIO8J38 At 1.124 At31.1324 Net CA5h at baDk 4132J21 (73OiTI 1ffj01.704 1332A21 (730171 IhOl,704 N¢¢th Dcbts thUThi8 du¢ l year (12394ffj36) aJ43915) 838J51) (iU9436 (lJ43J15) {13W8A31)

IHE GREENCUFFE FOiJNDATION LTD NfflFSTO IIIE cofwLIDATED FINANCLiLSTATEMENrs for th¢ year end¢d31 D¢rrmber2024 ACCOiJI4TINC POLICIL8 B•xts •f prepaTkng1ht fj•¢l•J The finawial 5tatetnEnts of the pt#tt th&itsbl¢ rnpny. ISA b¢n¢fitaklity Ulld￿ FPS IQ2. h•v¢ pryul in ac¢ordautt with the awzittts S(W IFRS 102) 'Accowllins and RepKJrttng by Chariti¢s: natt¢iai kq)ortiog Stsndard applicabk in the UK aTrl Rep¢tbltG of brland (FRS 102) (e￿¢￿1Ve l Jwuary 2019Y. FinwKiat ReFtttin8 s￿dard 102 The Smdard appli¢able iu the UK and R4)ubli of IrelaDd' dnd tl G)M[￿leS Art 2￿￿6. Tr financial statemeths knv¢ bea Pie￿￿] th¢ historiral cost ofthe BTOUP statem￿ is tbE Poud SrliD8 (£). P￿ParIng its finan¢tal Statem￿ts. Cong01ithtsd fhwI%i￿ 5tst•Theats The f]nan¢ial sta￿llts COll&)lida the Tth of the ¢httty and its iTrknlly ovml thidiary T CTroithrwn & S￿$ (Lottdon) Ltd line4y-lioe The rwtts of T a￿1th￿ & &Jns ILo]thl LtrL th iLCtude the r¢5ulrs ofits whulty OWEKd subsidiary NatLY) FoAsLtd. A sewe Sta￿￿t of Fin¥JKia] A¢tivitie5 and Jncome EXF￿1ti￿ for th¢ cknity bas tsot bc¢n 2$Ent￿ bE¢awthe ¢h4rity has taken &lvaDtsge of the Is pemiilted by CthEp4nies Act2006. &40& All in¢>)m¢ is reco￿lS￿l in ￿ Sthtemew of Aetivits¢s ODC¢ ts cbrity ht¥ entitIemrt to the fund4 it . probth that the ineorne will b¢ TEceived and the all￿rAt rneasL￿￿ reliably. The bllowin8 wific . InColl￿ from Ir&lin8 a¢tivi¢ies tt]ate4 tt[r￿)vEr Mknljy ow1￿ 5YW1￿ relatrs tD exixirtiti8 of gener41 The￿1￿1188. Tw]w)ver 15 deriTKd frrfft sale of gcojs ￿MI reCO￿lSed whM th sigDificam risks and re￿￿ of of th¢ have the buyer. thc wic¢ is fiThi or Liabilities ar¢ rewised as as soon 45 there 15 a legal or obli8atKin commrtting th¢ ity to that apeNiiuve, it is FYobatl¢ th a trartsfer of ￿￿)m￿¢benefits wdl b¢ T¢￿tr￿ in s¢ttkmcDt and tk amountofthe obli83tion can k m&gJred relithty. Exp•dItt￿¢tt wJnt¢d tr on aD L4515 kndh&s been ¢l¥sified under headin8$ that aggrEg ￿st Rlabj th the cory. Whtte costs (DTh)t be dI￿￿1Y tr1bttt￿ to Wticujar knding5 thev 14ve be¢D allLKd to ¥4ivihES ￿ a ba￿ o)osiststit with the use of (trants offered 5ubiectty met atthey¢traMI dlle •¥nthJ &% aaMJVnittneot i￿t lmvest￿￿1 PYOPEfry is slThn * rA05trK¢ntval¥ton. Any $wIl￿￿￿Tle1t arising fiom chw i faIr￿Ille is retwis¢d ID the of fina￿1￿ actsvitse& Inv¢5th1￿1 Inputy 15 8t most rt(Mt valuatin Any ¥wegs¢rphL5ordEfici¢ isin8 from d4mges in fair vahx is tEO)gnised in the StaknKn¢ OfFtllkn￿aI Adivitie5. 12

THE GREENCLIFFEFOUNDAIIOII LTD NOTFS TO THE CONSOLIDATED FINANCIAL sfAIEMENfs. eoHllmll Fuad a¢eowithi¥ R¢StrA￿ futy15 ean ottty k uwl fLr wticulr TE5tsictrd within th¢ ebiects of th¢ dwity. The charity is exty fram t&% OTr its Glwirableamitr5. The thlly owned sub&thary has a Iwl idizry. Def¢tTEd tsx thas thE suwllry ig rtwsnised in respect of all timthg at theryorting Defuttd tsx are cfflty rwis¥] tt> the exknlthatit 1$ wobabl¢ tbat thy Hryll be r￿0ver￿ against the revuyl of defe￿1 tsx ]i4biliiies L rthet f41tllre taryable pmfrts. If and all Ddits<w hrritsiI￿ aUow4Ktsforthe wstof a fixal ]Hwel¢n m4 th¢ d¢fared is revEned. 11 be for tax in afiitsjrt pwi(wl exeptwTr . the group is knle to CQQtrol thE r¢Ye15￿ of ￿t￿nt￿sdIff#P¥ A deferred tx ]iabilty or th¢ Id1ts)n￿ lax thx wtll be ￿ld or avoitsl IE w of (income) is presert&1 ID Jyofit or (Ibv itttt•]g or OR th¢ I￿s￿l¢￿ th2tr2suld in thewx expem(illo)mcl Deferied tLXt8SEts defcrrtxt tsx liabilili¢s eofft only if.. . thtt company h&8 a IcgalIy ¢Dfor¢eabk rI￿t lo setoff ojirthtlax ljabjliljas, aDd . the drf¢Yred tts ￿ets ¥￿d dEferTed liabiliths ir&oJDe tsx¢s levied by the sam¢ authcffity on either th¢ sam¢ twble ￿litY or dtff¢reDt t￿ble etttttKs which illteDd either to settle ¢uTrent liabilities and &5s¢ts on a lletbasi4 orts re4lis¢ th¢assets the liabilits swjtsllell￿. A%ets and lithiliiies in fcrign ar% trwsw itik) (4 at nt45 of ex at the balanr sheet thte. Tr•uactlon5 in knign £urrentre8 •r¢ tya)sl#ol illb at the rate ofex¢hanEe ruling at the d of trans&dion. Exchw difftr¢n￿ Jue taken into accouw in arrtViD8 at th¢ optrat2Dg rEsuIt in th¢ Investmtst propTty IniTsts protty is sho￿• 8È rnost recent Valua￿ll. Any a8gr¢8 SwpI￿ or defid¢ arisin8 from Eh4rw i fairvaluei5 fwis¢d irtthe Sts*rnMrtof FinwKial Artivities. TinglN¢fixtd amots Doprrti￿ioTr 15 tti thc sAth5idiary conFqny * the thi1owiD8 wual iRordtt to write off asset over its estirnaled life or. ifh¢ld 0￿￿￿k&￿tern. 15 the skner. Lewthold& freehold premises - ts- IO%oA C05t PlaDt and rnacbinEry - 15. 25% rm èmk Value . ￿ of the Thet W TOIUB . 25% of the 4etW vdtse 13

GREENaaFFE FOiJNDATIOb L1D N(YfFS IV cONsOUDAT￿ IIIE FINLYCIAL sfATEMEM5. f•r the yÈr etyded31 Demnber24)24 deptKiion aThl aDy a￿￿￿ul11ed iMpairn￿0t kns5es. EIts￿]Cal irKludes EX￿liti￿ that li dÉre¢dy 4ttributhlc to bringing the a55et to the location for it kn be wabIe of ope￿1￿& io the The &%stts' nsiduat val￿ ￿efUl lives 8nadepr￿hljTh mdhods and adJ￿d pMspgctive]y If appropriat4 if the4E is aTh in1ffi￿l0￿ of asyifiLwr¢tSillL¥ihe las1r¢￿￿1￿E lThpththtofaJsL hve Suffered an impai￿￿￿￿ loss. If thtre is ao itbJiLKin of impam¢nL tk Te¢#)verable atllOUDt of any ￿er￿laSS¢t is e5timat¢d with its carryi￿ •DOUDL Ifestimad xKoverabb amo)tht is lower. imm￿11tety ÈR prnfit or k Hlre purCh￿e luslllg¢•mml￿C¥ Sto¢ks ¥¢ V41wl at the loBrr of¢05t ￿lIsabk Co# 15 caknltst as folbw .knv matuith. COA ofpLtr¢h&se on iffj. fllst OL . Wwk and r]nished 8ry)ds. c￿ ofraw nials •thd JaknurTog#h¥with attr1￿￿￿koVerb¢ads. illitialty at fair vaJK net of transadkiu costs. •1 ar¢ subL￿ at ntrtised CDSt usitig the effertive interestTnethcd, l¢ss y irnpAirnK Cash aud cash ¢quivale4Jts includes ¢ash dw•rslKJd at dl with other sholl.term h￿bty Itquid trnde losn% wh¢ts4Jplithl4 are shown ￿thill iEL omljabiliti Sknrttenll trnl¢ cr¢dith are mpawroj attl Frice. Othu fitMLcMI liabiltties i[KI￿lIng bofjk aT¢ m¢ag]ted illtlialty at foir DEt of ¢roAwion cl55￿ me%ured Subso4￿￿Y at BrnOrtis¢d L¥)st ptriol and which etuployees arE emittd tl fwwatd Tw¢TrithiD thenext 12 The pmvision is th￿￿red at the salary o)st pryable ftr the rAioJ of ab Strck v￿￿atIOn i5 TEvi¢w¢d at the eDd of the y￿. key )SSWnPknis made its relatth ¢0 net TeJlis8bi¢ values and obsol¢tr or slow.4￿vIng Where nes5ary. the ditK&)rs iDcluth aprovision ag th¢ stoc]( as detail¢d in JK)te 16. The dirEctOZ5 coL8idrr the usefvl ccoworri¢ life of fixthl assets ￿ estimote ac¢ordin81y. tkpreciion res are tYAEd the p)li¢k&s and the d¢pTttiaEion totsls for the yeaJ are i￿IUd￿l in (1¢ Iri, 14

ThE CREFIICIAFFE FOUNDATI(l Lnj NOTES TO THE CY)NSUDATED FINANCIAL STATEMEN￿. ¢OJrtkn￿Od f•rthtyer endEd31 DetemFxr2024 YÈaTend¢d 31 42235 GROUP UIYDERTAiaNGS The ￿nsolkIated kn¢Tal8ttIo￿lts inthde theRsuis ofthe b¢k)W Erovp tsndcrt&kin8. Tajoiil & Sons I￿1￿10n) itd. which ao9UVtd upon dI)Dai￿tt ofthe slwr¢ capital on I ma￿ 21Q 2kJng with its I￿ ownal 5ubs#1iary. Fr￿dS Ltd. lld Y¢￿(1d31 D¢¢¢Jthr21)24 Year enthd31 Tumov 63J2.405 87241.7YJ 572 (8iT29.836) 4JiW6 Pmfrt forthe p¢rK)d {mer￿(08n]Sed gains Profft k>rtb¢ kneinlyear Defe￿¢alaX Cl.133,633) 061 JP)) {lJQ796) (IW175) 4J12.456 DBtrybUt￿nS (Clft Aid) Nct forthe y¢ 4C(rM)) (IAOI175) 114498J Tr f8Urn5 aFKJvc detail th¢ amouDts Fer th ]￿ivIdUal filla￿la1 ststryts. Th¢ 1$ adjusted uFvn consolidtition due to iAicrLYmplly and rmrehw of £n.693 (2fr23: £81 J30). Tothl ¢Kpendits itKlud2ng dollatioms and defttred tax, has b¢¢D adjustsj by thE iDternFaV sale5 and pw¢h&%es (￿ per a￿0￿), oo a5ilLQM￿t for ren¢ of £400.CW (2023. w,￿)) due tj the prnt dwrrity. iDteRst iThtero)mpw £167,197 (2023: £Dil) atbj exdMD8ef1iEvarM￿ C￿the iLro)mpaDy l(w of£317.78612023.. fJ)il). Y4xr•nthd31 Yetrthded Ye•r txd31 Yurclld¢d 2024 2024 R¢nts R¢eived I￿all inte￿t Bond uitorst rknposit accounl int¢￿st Dividends re*ived 40(11100 239a211 104411 S￿04 W23 IOS411 9A176 21.4Y2 21.452 747 5M620 744335 42J.452 15

OTLSTO THE cO￿lDATED FINANCIAL gfATEMEYIS. for th• yQaT elldtA 31 Defomber2024 GRANfs PAYABLE Y•r eJthd31 Dttrthr 2•24 Yeat etsded 31 Tot8J5 123 Th¢ b￿￿10VIn of5UPPOrtCO8ts is in th¢tabk bebw. C4J¥t Yered31 D¢oJDir2024 year¢nd￿ 31 Ballkcharts5 123 123 Othzr Audit and aecountaD IKg4land profess)naLf¢e5 1241170 42 9J(X> 18J53 Yurnth431 YwtsMkd31 Fees wabk to the al￿￿Ors f)rthe audk or the fmatirnl stalen￿ts 10.000 JNCOM¥W£NDfruR Y*¢wkd31 DÈcer 2•24 Yearended 31 Dcprxk￿n- owied as5¢ts (l¥oftyIoss OD d￿poSal￿f￿￿4 assets Fore[￿ ¢xhan8¢ ditrerell¢¢s Auditois, remin¢ration-audit servxes S87.ITI lJ133 156055) 16000 16000 iaoowoo 08J2&766 7•J99 721 14J76) 14x17 Operdtin£ kase Tentab . knd &buldin8S SiockxecoEnw¢d a5 an e4%n5e th¢ yea IS￿￿1 I￿)IX￿} E4371936 16

EMPU)YEES AND DIREcroiis Yt4reathd31 Ye&rended 31 Wages and 58]arrs SA)cia] security costs (￿herpEn5￿￿S eosts SthLI.490 535J13 iio ss 6260358 4.73Q75l 97.5T2 5271 YtareDthd31 Y¢8rtud¢d 31 21080 21x180 21.080 21MO Ther¢ no uTr¥byees oftheparent cknty who Rceived eM)luD￿ts of￿￿ than £¥A(((I. The avera8¢ nunth¢roftny&)yees thcyearwas Is hlklws: Yearended 31 il¢¢•r2024 143 49 Pyoductiom and W?￿hoSU¢ Sales god adrthi5tt8t￿n 139 costs aod avwage nuD>u of ¢llykny¢a rekt¢s to eryk)y¢es 4nd d•tcÈors of the tradiu8 subsidiary. and Its ￿0]ty owned subs1w. TRUSTW. REMUNERATION Ai¥D BENEFTTS Thert wer¢ reli1]uK￿l0￿ or otlw for the 31 tk£Bmb¢r2tr24 ￿ fcr th¢ y ¢nded 31 D¢¢etybcr 2023. thr tr￿]￿8 sub&di￿. L Pyani r¢L%i%TS rMUlle￿ g)Jdy for biyyok 50kty a5 a di￿<￿ of the tydin8 Sktsidiary {2024: £115￿, 2023: £12Jty)).M) re4nuJnttW i5JEld *hi8 Trlr ￿ a Try#e¢ of the cknity. 31 2023. 17

IIL TANGE￿ FIXZD A&gErs 14seknld& Trt•ls At l January 2ro4 AddrKJD5 Disposab At 31 De¢cD¢r3)24 8aS8J78 2353.753 348J06 2210 offj•o) &606A84 2252JO5 475386 14AQ4JOD 350a16 120,694) (24294) 154J92 14.730322 3816.780 At l Januqry 2)24 ¢Thv8e forytar Binx)ated on disposal At 31 tkccrl)¢r1124 2h83A31 212303 25285 2W88J29 296J73 344050 11th63397 31313 587.177 9J31) (19931) 359932 12a32J43 1895J34 6921hSt UlSSA)17 Al 31 [*¢¢trkntr￿24 520046 Ih84I26 J97J48 94h60 2A97.679 At 31 ￿er1)er2023 733J49 1ffj33OJ3 24S226 127J36 2,738.gQ3 ij, IAit¢d Ai l January 2024 R¢valuations At31 fk¢¢thX 9005.5111 •L796 7.704.714 At 31 D¢¢ekn%)24 7.704.714 At 31 Ikccmb¢r3723 C05t orvEhwi)n at 31 DeeeJrbtr2)24 u r4STescnt¢d by: 14sted vesthrnt5 VJA¥&tton in 21r21 tion ill 2Lf22 Valuation IJ 2023 Vabjatwn i￿2024 si IJS0,IK (2￿94￿90} (I JIIO.796) lo￿￿&.0￿0 7.71M.714

THK GREZli(LfffFE FOIINDATIthY LTD NOTL¥TO TEE CONSOLIDAITD F&YANCIAL ￿￿TEl￿ErM- ¢oJitinDed fvthty¢arelldtd 31 Dew1btr￿24 il. I•￿5DI¢￿ts At l January 2CQA Is 76,flOO 15J76 000 BOOKVALIJE At 31 Ikcc4th¢r21)24 Ai 31 Dec¢knWII J5.576.000 Atth¢ baI￿re311e¢t thcchxy¥ iJbV¢Stntnts in the shqrecaplalof ¢onpanM inehmlethe TChofftthr•m & s￿ i1￿￿1)1￿￿ R¢Stst￿ office: T￿11 5 Slv¢Thlale ￿￿￿.M￿￿kSCK u￿53BL N4tUT¢ ofbusittess. t¥ortat￿n ofgcnuxlnwrh8Dd$e. aaB5 ofsharts". Ckdinary Th¢ substsaw cottpany Tthojtlkn￿Tr &)DS (l￿ndon)LId tkoh&B investDXllts Ot th¢ bAknc¢ sheet date in the sh4Tf captsl ofth¢ follo￿8 p)tspany: NoFothds 1&gAst¢￿d offire: 2 Swatt Pa)k ￿￿waY. UKI8 ITB Nature ofbusiness". Ill¥Ort￿ aYLd dkttt&utH)n of knd hokllljg ats8 ofshaT¢S: diThary bobjing 11 ACQUISrnONS The ¥quisition of T Ch01th￿ & s(￿$ IJAYthi) Ijd (K￿￿[&1 on 1st 2022. vthen T LThoitl ]rrt¢nMtlOtt￿ SA douad 10(Ph of th¢ slwe witsl b) Th¢ Gretrdiffe Foundation Ltd. T ChrAthram & Sons (tL)]Klon) Ltd 100% of the sh¥e Natco FoLI5 Lf4 which b&5 t¢en includ&l in the acq￿lsit](ffj. lkn no ¢timideAticffi therEforeTh) 2ristrtg on con￿lidatIon Th¢ gain Fairvthe ofnet aS5Cts 4Ui5itM) 12.03002S Cain on eonsolidat)n Theresvtlts ofTCTroitlrn & so￿￿(1￿￿) LAd kJ itswknlly 0wnedsukidi￿￿¢ detail¢d in note 3. 19

TIIE GREENCLIFFE FOUNDATIONLTD F4(YTES TO THE CON50LIDAT6D DINANCIALSTAIEMEKTS.wothued r•rtheye•re•kd31 D¢¢uM￿2024 Il NvEsrME￿ PROPERTY GROUP AND CHAWTY FAIR VAUJE A¢ l j￿￿ary 2024 atml 31 D￿ember2024 75 ET WJOK VALUE At 31 D¢cember2024 &7 The inVL%tllXrf proserty i•$ Th¢ Grewjiffe Ltd by T ChoithrarA IntetWiDnd SA, a ¢ollnrcted party due w my¢u8J control. The val￿11￿ at the d of ¢&ion was Ca￿1¢{1 Olrt illdewdert surveyor. with professional qualification5 Jd valuioD of th¢ iW¥ettt ryop¢ty ha5 not, ' 14. DEBTOII&. AMOVKfS FAILING DVE wmllN YEAR Yer wknd31 cknrfty yurelld￿ Ye4rellthd31 Yeftrended 2924 21124 2023 TTrd¢deb¢o (Xherd¢bto Amounts due fiDmr¢l&ted undertskig5 VAT 11129.4 4A22A45 63J23 234￿4￿ IOh719 I•J19J58 114&068 ift¢on 21.452 39 9D 14J82MI ChTity Y¢¢ThknJ31 Year¢nded Yeare•&d31 Yeareodtd 31 2024 2024 UrAli%ted investtEfDt8 2L)

THE CREEliCLIFFE FOUNDATIOY LTD NufFSTO 771E CO.WLIDAT6D FINANCIAL StAIEMEN7S. thnthiwd forthe y¢rthlod31 DettDber 2024 Yer ¢uthd31 Yearetsdrd Yewenth131 Year¢Dded Detetthr 31 D¢cgDts ike¢•knr 31 Decetrkner 2•24 2C 2124 20 w0￿-Stil0￿ESS FtUi5hed goods 1937A•Z 176M4 lJ332&S the proftt armf kJ4 in rekion ts ob￿ or slowwillg #ock The dirccrm do ￿)t ¢Thsiderthotthere is Iny )nttia] difftteiKe ben¥￿ the amounts S￿d a￿d￿¢ rqJ]acementwstof stock& 17. Chvity Yw eth431 Yearcnd>] Ymr ¢m&d31 Yrarettde 2WZ4 2024 Bank k)ans and oveJdrafts Cthw tO•f5 Tradc creditots Social 5CCUTity and othcrt VAT 2m7A97 7AW84 290289 16933 li 177Q951 7ffj11J143 19JIKI 161936 16933 J9.31XI uajdtttakings Accrued e•enses 2,753246 180956 I2￿5 I9￿5 1•300 19ffj58 13 47 4&458 A& CREDrroRS.. AMOUN13 FAUJNG DiJE AMRMORE THAN ONE YEAR Yereathd31 Chrfty Yearetsded Yertnthd31 Y¢ar¢uded 2024 2024 An￿U￿t oxyd to rekntrd widenakui85 30JS4J88 ai79 On 21

ThE GREENCUFFE ￿￿N￿A]lON LTD 19. PROVISION FOR UAWLMFS Y&v enthlji Yearthldcd Ywen(kd31 YE4rend¢d 2024 20Z4 3•3kn99 De&mdthx At l January 2024 (¥eAit to ststenpAt ofcon4yreheTr5ive •)¢oD durng yeEr 336A15 (J2J26) 0VEm￿ IN FUNDS At 1.124 At 31.12 20J49*74 I IJ18SJ32 31A35.006 20J49&74 Nr¢ ￿￿Ve￿Al in limd$.￿CIUdtd ￿the above arr as fol&)ws: Re$ouK¢s Mognised ainsloosscs) L fuwts U•re$tiictedfoN& nerdl thnd lQl.754J81 13ga683$3) U a￿1.796) 11.088J32 IJOO 796 Ai 1.111 io fi￿dS At 31.12Z3 Cthernl fi]nd lilJ53I45 {6•3971) 2•349th74 20 71 2tl 49 Net nx)V¢NKDt rl fi￿￿5. ￿￿]Uded inthe aknve ar¢ as iuoiirces sax￿{kISseS) io gOJ61ffj17 (88J)71A198) (2&94Ag0) (603.971) 90.161 8J>71A198 94A90 6Q3971

21. Group (Jrlty Year¢JMIEd31 Yeart•thd31 Vt•r etykd31 YareR¢kd31 De¢e2024 IleceAthr2023 D¢¢ern￿r 2024 2023 R¢nt paypAbk inan interESt (aft aij don3tron A￿U￿{ fiDrnrektsd party (ID¢15￿ threektrs) 400O00 167.197 2AOOJIOO iOJigJ58 11481￿8 114&068 ans Reeived kntettst 14JlOO) (45ffjJ9) 0SJA18•} (la39￿8) 135.(W) Anxtmt due to rektcd party (1511)￿) (I.QJ4￿l￿) luteresi P60WDOJ Aniunt dueio rektrd p C72.92T) .787J60) Othpr relat￿l￿rS (•fflli•knltaWi¢5 w￿¢￿ri11¢S) D)nat&)tis 7W9J4fj 431.198 {1.681932) I￿,[ 4WJIO 7ffj39J46 AllkJunt du¢ fromTr]ated p to Trkt¢d partkJ 27.127J79 IOh71.9XI 03879771 Q9 4063.123 (19￿57> CRLVTS Tots] grattts in 2024 by tht U54J78 P023: £2W4). These wyre made up folknY&' Actioti forAulism jali Indian law So¢idy Ifit¢rTrth￿ Fowidation forCrim¢ Prevmtm amt VictirD Ce l.Saksham Ed1￿￿1(￿ and IAarnillgFounthion Jam8ba¢. A Grnp of Stre¢t Children Portllers for UrbBn K￿￿]ed% and R¢se4 Sahj¢cv Sanrth tharitableTh S4ver8 FouftdithJ Shlish SA￿k￿ ShaliEti SnEhalbarnFomdi( Sc¢rety forChlldDevelvpmort Sociw forDev¥lOpEnentA¢ts￿tses S￿1 Foundation Ume¢d Child tknlopment CeJre J54 27,417 13.921 27.044 27.954 14214 J4 34IMI 14.lJ6• 28J75 47J63

THE GREEliCLIFFZ FOUNDAIION LTD NOTES TO THE CONSOLIDAIED ￿INANCIAL STATEME￿. ¢•ntinu 23. posr BALANCK SHEETEVENts Foll£>wiDg the yor¢ThL the Charity £3.kn in&) a IxJDd lw%rn￿)w kn 8ener¥¢ fiuJd5 the¢haitabl¢ tivities. The ￿b￿dIary o)mpally Its(￿￿kn) Ud tho 1Dv¢5￿lsun {£18rn1 itito the s￿¢ instrumenL coNrIliGENT tJABILmFS The djarity is iD¥oiRd in oTrgoiDKW cw atsd hawiEeD advised tdt%loseN> details atthis momMtin